I have determined that my purpose in life is making many people wealthy

Think and act on the way to riches/millions

After reflecting deeply on seven + 4 decades I determined that this post made many people very wealthy

     1.  I helped put up start up a SLA with P500,000 borrowed capital, and exited with P13.5 million in sales with many having infinite returns on their investment

     2.  We helped many contractors for land dev and vertical construction millionaires.  Right now we have

          1.  47 m project for an engineer for land dev in two areas

         2.   One contractor with P80m project

    3.  One landowner with 20M in sales, another one with P3.7 million in sales

    4.  Numerous sales agents

    5.  At least 5 joint project partner to whom we remit millions annually.

How do most people become wealthy

Think and act on the way to riches/millions

The wealthy people get consistently high returns on their investment:     IMF on wealth generation

Percentage of the worlds population who are millionaires   Wikipedia on number of millionaires worldwide   

Which jobs, industry produce the most millionaires:     Forbes say it  1.  finance and investment, 2.  tech, 

3.  manufacturing, 4.  fashion and retail,  5.  health care.   

Forbes on industries where there are most wealthy people

This post knows of MDS who invested P200,000 each in a startup hospital and even led them in strategic planning and were able to exit at P63M each.  Congrats

Most people get rich in entrepereneurship and business and the highest returns happen on exit   ie selling out, M and A

Road map to being wealthy

Think and act on the way to riches/millions 

About 400,000 topnotchers were minted last year.     The topnotchers were:  

 1  US 

2.  China  

3.  India

 What industries create millionaire 

1.  Real estate 

2    Health care: pharma, health care, clinics, hospital, med tech companies

3.  Fashion and retail    

4.  Suppliers:   manufacturers to the  retailers.   of big companaies

5.  Finance and lenders

6.  Technology start ups

Valuing time, having tools to manage better with a plane?

Think and act on the way to riches/millions

By being forced to manage two stores (after being bamboozled by a failed lease on a profitable store) Sam Walton used plane to save time driving 8 hours one way,  and then later realized he can buy a plane and pilot it himself.  These tools gave him advantage vs competitor.  He used this strategy to be truly exceptional and better than competitors:    like investing $100 million for a sat communications to make swiping credit card 15 seconds faster than land bssed communications, outsourcing from China etc.

Sam Walton on how to be more productive

We have determeined that by investing on machineries, we can save abut P500,000 per location, accept more bookings, use the depreciation for making taxable income deduction.   We have been sitting on these opportunities to generate more revenues, save and more EBITDA

How to be a billionaire: stick to a company focus and spend decades sticking to it

Think and act on the way to riches/millions

This is putting all eggs in one business.  Stick to it.  Focus.

How friends and acquaintances became billionaires.

Many of us will never be rich or billionaires because we can be distracted byP:

  1.  Personal concerns/issues;

  2.   Conflicting advice

  3.  Variety of choices and opportunities

  4.  Distracted by small petty stuff 

How Bill Gates made billions with MS

Think and act on the way to riches/millions 

 He licensed the MS OS by charging a fee for every software that comes out of factories. He hired Andrew Evans who happens to be felon. to manage his finances. And it backfired on Gates.   His mother influenced his investment strategies because she seats on many board.  

And then he found Michael  Larson who is from North Dakota

How Warren Buffet grew $1,000 into $100 billions - can you benchmark what he did?

Think and act on the way to riches/millions

Its truly amazing how such a man, not directly producing a product or service parlayed paper of companies he bought into hundreds of billions.  Truly amazing.    But not all men will be blessed by his opportunties and his acumen

Warren Buffett system of being a multi billionaire

Think and act on the way to riches/millions

10 Tips from Phil Fisher - value investing

Manny think that it was Benjamin Grahams value investing has made Warren Buffett remarkably rich, ie buying shares (intrinsic value) buying cheap stocks but  value investing  (ie stocks maybe pricey but has long term prospects of being outstanding)   by Phil Fisher.    

As in becoming a great doctor being enamored by the idea that you need to save lives at all costs (vs some MDs who value becoming richer) can you truly become a great doctor, so does a good invetor who thinks nothing except to make outstanding long term gain  (like 10 or twenty bagger.