Monday, June 30, 2025

People skills to make millions

Think and act on the way to riches/millions

Dale Carnegie is right.  How to win friends and make millions

1.  Remember names  (it is important) is you desire (say I will pay you P1million if you remember their names.

2.  Ask questions so that the other talk 70% of the time.   Be prepared to help others Alternate between how and what

3.  Energy over communications  (how you made them feel).  Be genuinely curious, positive
     API   Assume Positive Intent

     1.  Work out
     2.  Add volume to voice
     3.  Bee enthuusiastic; communicate passion







Ellon Musk talks about the Bible instead of the high tech

Think and act on the way to riches/millions 

 Why does Ellon Musk talk about the Bible It is rather odd.

But early on, while seeking mentorship from a successful Chinese businessman, told me that a businessmen must seek greater meaning and purpose if he is to grow.

Ellon Musk stared reading the Bible after feeling hollow despite the achievement.  And after a while he started feeling connected

The Bible brings clarity to chaos.  It connects sciene and religion.  The Bible completes science. Science can not complete all the answer

1. Love  connects humanity with universe and all of us.  Love is our consciousness in this world
Love can change the world.   Love gives meaning to our creation and business
2. Hope is important aspect of our survival.  
3. Forgiveness 
4. Connection with power bigger than us 
5. Finding peace

How this book can transform your business and make more sales and profits that you will ever know

Think and act on the way to riches/millions

This book was written by a German emigre.  One of the billionaires, creator of Paypal (together with Ellon Musk)

He is the modern day guru of entrepreneurship and innovation.   

An entrepreneur creates 1 from zero.  He is a creator.  If the entrepreneur competes in a tight market, he must differentiate himself to be unique.  He must be a monopoly.  He cant be a me too. Which is1 to N+

This post mentioned that this is only strategic thing you will ever make.   Make a unique, amazing product that beats all others.   




How reading books can make become rich

Think and act on the way to riches/millions

10/10 of successful people, millionaires, billionaires read books on success and business.

Do you?




As CEO, there are only 3 things to do each day, or even for a period of time

Think and act on the way to riches/millions

Ellon Musk used to be overwhelmed by the numbeer of tasks per day.  Sometimes there could be 30 meetings a day and his work week can consist of 100 hours of work.  What is worse, he could not remember what he did the day before, and his projects were not moving at all.  He said there was a lot of background noise

1.  Thus he decided the way he worked.   He classified work/tasks into 3:
    1.  Routine (but  necessary)
    2.  Creative
    3.  Transformative

2.  Delegation:   he delegated 1 and 2 and focus on number 3

3.  Focus

    1.  CP off
    2.  No one can interrupt
    3.  Eliminate noise

Maybe this is the eason why he left the government.  It was noisy there

He achieved more by focus on number 3.  Things started to move.   And thus create and continue building wealth for x, Space X and Tesla


High Output Management

Think and act on the way to wealth

Management has done a lot to create wealth and improve condtions on this wealth:   not politics, economics or academics.   Not banks

A former colleague in banking after heading a cement plant said that bankers are tongpats creatures, if not parasites.  We make money off the backs of producers:   contractors, manufacturers, farmers.  They are the real heroes of the economy.

Thus to create wealth we must increase output of management.  Andrew Grove book, High Output Management has been influential on my career and probably has helped propel my career and my output as a manager, entrepreneur..  Andrew Grove is the 3rd CEO of Intel.  During his time Intel was the leader in semicon.  Now it is a shell of its old self and is subject to merger because it is not making money.  Nvidia headed by Jensen Hang is, and is trillion $company.  He is reputed to have built up Silicon Valley and the mentor of Steve Jobs

Some  of the lessons:
1.  Nudging
2.  Nudging,
3.  Bottle necks
4  Matrix Management
5.  One time set up- termed as coding (programming by Dan Martell
6.  Communications   one on one, group meetings

Management must not increase tasks but output.  Output must increase



Psychology of making money.

Think and act on the way to wealth

Psychology of Money by Morgan Housel

1.  You are not in control  accidents, breaks, luck count.   Risk and luck exist and you cant control them.  Put yourself in the right position
2.  Getting wealthy and staying wealthy?  (Example of Mike Tyson losing everything) Betting big. all the time.   FTX head who got greedy.  Offense vs defense...Staying in the game by avoiding risk
3.  Save money for freedom.  Lets you leave job if you find environment toxic (fuck you money)  I taught for a while and when my boss at academe did not agree me in the methodology, 
4.  Wealth is the PHP you/they dont see  or spend.
5.  Money is about emotions.  Rational vs emotional decisions.  Are you comfortable with the investment decision







Think and grow rich - unlocking secrets to becoming wealthy

Think and act on the way to wealth

This was the first book I read on wealth building in the hiatus from resigning a bank job, looking for a sales/marketing job.  I attended a seminar on insurance selling at IL, the company that sent me to college.  I did not push through with the insurance  selling job, but went on to be drug seller.  

This was distilled from interviews of 500 successful and rich 

I would say this started it all, on my path to being better than before:  Some of the stuff from the book I remember:

This utilizes the power of subconscious mind.  Most of the time, the subconscious mind, it will work against you, if you are bombarded by negative thoughts

1.  Your desire to be rich must burn bright and hot in your mind;
2.  Power of auto suggestion
3.  Use emotion so that auto suggestion reach your subconscious
4.  Visualize 
5.  Persist and repetition

Secrets of becoming super rich and being a millionaire by Saddhguru

Think and act on the way to wealth

You are rewarded and money comes naturally because you are doing something good.

What thing of value are you offering to the public, to the humanity.   

It is not money that we desire but the comfort, luxury, power it can buy.





Reprogram your mind to be rich

Think and act on the way to wealth

"Everything that was built in this earth started from the mind"  Saddhguru

If you want to be rich you have to change the way you think.  You have to reprogram all the belief system embedded in your brain about wealth and money.   Some of them:

1.  What does it profit the man if he gains the whole world but loses his soul;
2.  Money is the root of all evil;
3.  It is easier for the camel to enter the eye of the needle than for a rich man to enter the kingdom of Heaven

      

10 Golden Rules of Money

Think and act on the way to wealth

Its not about being wealthy yet;   its about money.  Some are (we know all of this well before when we were encouraging investments when we were running a financial institution:

1.  Learn the game;
2.  Have the right mindset.  Religion or scriptures were said to be contrary to wealth building or money accummulation.   "Money is the root of all evil"
3.  Avoid debt;
4.  Avoid assets that depreciates.   Is a home an appreciating asset?   It gets old, and you pay real property tax.  You need to repair it.   So it is a depreciating asset.   Unless you are a flipper, or you have it rented;
5.  Pay yourself first
6.  Save
7.  Invest;  invest safely
8.  Live according to your means


Sunday, June 29, 2025

Welcome to this blog on being wealthy

Think and act on the way to wealth

When this post was taking up MBA professor on Problems Solving and Decision making bewailed the current rend of education on how one can be technologically superior but does not teach how to make money.   He said that the skills to be street smart and make money be taught

But that would be against the tenets of the Catholic University that does not support the idea of being money oriented and/or being selfish.  "What does it profit  man...."

But we need to have money.  You cant give away money that you do not have.  We need money to feed our chidren to send this school.  We need money to build house.

Why do you need more money - so that you can help ohers and fulfill your advocacy

The opposite of wealth is poverty.  We cant rise from poverty unless we lift ourselves toward eealth.   

But its not all about Php of $

1.  To get money, you do not seek it or chase it, you need to develop skills to get it.  Luck favors those who are ready

2.  Wealth is not about having more PHP or $ but having the mindset and skills to attract money

3.  You lose money, but not skills and mindset.  Focus on these to be wealthy

People skills to make millions

Think and act on the way to riches/millions Dale Carnegie is right.  How to win friends and make millions 1.  Remember names  (it is importa...