Where's My Money?

The Basics

When I was still in my college, I am wandering why some of my classmates had their own savings while I don't have any. I am just telling myself that maybe their parents are giving them big amount of money for their allowance while mine is just exact for my meals and transportation.

That was my mindset, but in reality... I don't save money. After graduation, I started working at a callcenter company thinking that I will be able to save plenty of money. In reality, it is more difficult to save money while working.
Now I would like to share to you some tips on how to effectively save money.

1.Everytime you get your salary, save the 10% of it. Don't just let your savings become savings. It is better to invest to make your money grow.








2. Give the other 10% of your salary to tithe/charity.
Remember the saying "The more you give, the more you receive". God promise us in the bible that if we give, He will open the windows of heaven to shower us with His blessings.

3. Have a simple life style or lessen your expenses.  The best example of this is living your life simple. Most of the people who are receiving big salary are also spending big that is why they feel that they're money is not enough.




4. Invest. Don't just save, make your money grow. Do not depend on your salary. Make your savings make more money for you. 




Simple Summary:

SAVE---> GIVE ----> INCREASE INCOME -------> LESSEN EXPENSES ------INVEST and REPEAT THE CYCLE.

POOR PEOPLE MINDSET:

STUDY HARD AND LOOK FOR A JOB AND TEACH YOUR CHILDREN TO LOOK FOR A JOB.

RICH PEOPLE MINDSET:

STUDY HARD AND BUILD YOUR OWN BUSINESS THEN TEACH YOUR CHILDREN TO BUILD THEIR OWN BUSINESS.


Most of the people are afraid of investing that is why they do not get rich.

HAPPY SAVINGS!





*CREDITS TO THE OWNER OF THE PHOTOS
*NO COPYRIGHT INFRINGEMENT INTENDED

Network Marketing VS Traditional Business

Comparing Traditional Business And Network Marketing

                 
I have read some articles about Network Marketing and most of it are against Network Marketing. At first, I have the same thought about Network Marketing. I always say that "ITS A PYRAMIDING!, ITS A SCAM!, I DON'T WANT TO RECRUIT PEOPLE!, ITS A SCAM BECAUSE I WILL GIVE MY MONEY TO THEM!"  Those are my favorite words to say when someone is offering me to join them.

One day something came up to my mind, "Why is it that there are more people who became successful in Network Marketing compare to those who are employed?"

To fully understand why, I did compare the Traditional Business to Network Marketing and I also compare both to employment.

Here's the comparison:

NETWORK MARKETING:
1. You need to have an investment or you need to buy your products first to become their distributor.
2. You need to sell products
3. You need to look for people who are interested to become a distributor.
4. When you recruit members, your organization looks like a pyramid.
5. You have your own supplier. (The company itself)
6. Small Risk
7. You will earn through profit sharing (Group Sales)
8. Flexible Income
9. Use people to earn money
10. You build your network
11. You don't have a boss

TRADITIONAL BUSINESS:
1. You need to have a big investment to build your own business.
2. You need to have your products or services to sell.
3. You need to hire people as your employees and give them salary.
4. The organizational structure will also look like a pyramid when you create officers and the owner is always on the top of the pyramid.
5. You will look for a supplier.
6. High Risk
7. You will earn through company sales
8. Flexible income
9. Use people to earn money
10. You build your network
11. You are the boss

BEING EMPLOYED:
1. You don't need to have an investment.
2. You exchange your time to for money.
3. You are always at the bottom of the corporate pyramid.
4. You have a FIXED INCOME until you retire.
5. Very small risk
6. You need to work hard
7. No work-No pay
8. You have a boss




SUMMARY:

NETWORK MARKETING AND TRADITIONAL BUSINESS BOTH:

1. NEED MONEY TO START
2. USE OTHER PEOPLE TO EARN
3. SELL PRODUCTS OR SERVICES
4. FORMS A PYRAMID
5. HAD FLEXIBLE INCOME
6. HAD RISKS
7. YOU OWN YOUR OWN TIME



EMPLOYED:
YOU ARE ALWAYS AT THE BOTTOM OF THE CORPORATE FOOD CHAIN.
YOU WORK VERY HARD UNTIL YOU RETIRE TO EARN MONEY WHILE THE COMPANY OWNER EARNS WHILE YOU ARE WORKING HARD. 

This is reality. :)



*CREDITS TO THE OWNER OF THE PHOTOS
*NO COPYRIGHT INFRINGEMENT INTENDED