Here’s Why Lucio Tan Became So Rich

As of July 2013, Lucio Tan has a net worth of 7.5 billion dollars (and possibly still growing). He studied Chemical Engineering at Far Eastern University (but did not finish) and now he has interests in banking, airline, liquor, tobacco and real estate industries.

With so many companies in his control, how did he achieve that kind of massive success that provides jobs to thousands of people and serves many more? Here are some things that might have helped Lucio Tan became a massive success today:

He started on what he knew already

Lucio Tan had already a background about chemistry and chemical engineering before he went into the cigarette and liquor business. Later he went into banking and real estate industries but first he worked hard to be successful by first using his strengths. His first successes came from the chemical industries and then he worked his way up immersing himself in other industries.

He started young and he’s still working even at the age of 79

He probably started when he’s at college. He didn’t finish his studies because he had to take a job at a tobacco company. He started from there and learned a lot about the business. Later, he would a build his own tobacco factory. Now that he’s on to other industries as well, he is still active in overseeing his empire. He’s still busy growing his empire and achieving more success.

He didn’t give up and spotted other opportunities

Did you know that Lucio Tan lost a job because the company he worked for closed? There was a price war on cornstarch during the old days that forced one company to close. As a result, Tan lost his job. It was a huge setback because it was too sudden. But what happened was he found other opportunities and became successful along the way.

You might be wondering what would have been if he didn’t lose his job. One thing’s for sure, he didn’t give up and he found a way out. He started companies and went on his own way to become a success as we know him today.

Here’s What Manny Pangilinan Did Before We Heard About Him

Manuel V. Pangilinan, also known as MVP, has a net worth of 105 million dollars as of July 2013. He is the Chairman at Philippine Long Distance Company, TV5, Philex Mining and Metro Pacific Investments Corporation. Those are huge companies that’s why many Filipinos wonder how he attained that kind of success. We might gather some clues how he became rich and successful if we knew where he came from and what he did during those years we’re not hearing anything from him.

He was a scholar during his high school and college days

His parents were not very rich and he had only 10 pesos pocket money each day when he was still studying at Ateneo. He managed to finish his studies because of his scholarship at San Beda College (high school) and at Ateneo de Manila University. He even managed to graduate as Cum Laude with Bachelor of Arts in Economics degree.

Although Pangilinan managed to graduate as Cum Laude from one of the most prestigious university in the Philippines, he knew that he had to do more to stand out. After graduation, he availed of a scholarship again and pursued his MBA at Wharton School of the University of Pennsylvania. He knew what he wanted so he figured out how to get it.

MVP grabbed the opportunity and worked his way up

After he finished his MBA, he went back to the Philippines and as normal fresh graduates do, he went job hunting. It was a tough job market and his first application was turned down. His first job was at Phinma and he worked six years there. He earned P1,000 per month as an executive assistant.

After those six years, he worked abroad. He actually became an OFW working very far from home.
He worked at Hong Kong and learned the dynamics of business and finance from his Chinese colleagues. Wherever he went, he immersed himself at work. His early years at the corporate world might have taught him a lot to become successful as he is today. He then founded First Pacific at Hong Kong in the early 1980s. He started small but now it has sales of billions of dollars.

MVP went home and made some tough decisions

After more than 20 years working abroad, he went back to the Philippines. His group invested in PLDT and started major changes to save the company. He reduced the number of employees and worked hard to encourage honesty and transparency. Those were tough decisions that helped PLDT to survive and be the one of the most profitable companies in the Philippines today. Now, PLDT is now employing 20,000 people (much greater than when he first served at PLDT) and serving millions.

From his school days until he becomes a Chairman at different huge companies, Manny Pangilinan worked hard to grab the opportunities and make them grow. He wanted to pursue MBA at US, he got it because he availed of a scholarship. He wanted to save PLDT, he made some tough decisions and now the company is one of the most profitable ones in the country.

The Truth About Passive Income in the Philippines

Manuel V. Pangilinan, also known as MVP, has a net worth of 105 million dollars as of July 2013. He is the Chairman at Philippine Long Distance Company, TV5, Philex Mining and Metro Pacific Investments Corporation. Those are huge companies that’s why many Filipinos wonder how he attained that kind of success. We might gather some clues how he became rich and successful if we knew where he came from and what he did during those years we’re not hearing anything from him.

He was a scholar during his high school and college days

His parents were not very rich and he had only 10 pesos pocket money each day when he was still studying at Ateneo. He managed to finish his studies because of his scholarship at San Beda College (high school) and at Ateneo de Manila University. He even managed to graduate as Cum Laude with Bachelor of Arts in Economics degree.

Although Pangilinan managed to graduate as Cum Laude from one of the most prestigious university in the Philippines, he knew that he had to do more to stand out. After graduation, he availed of a scholarship again and pursued his MBA at Wharton School of the University of Pennsylvania. He knew what he wanted so he figured out how to get it.

MVP grabbed the opportunity and worked his way up

After he finished his MBA, he went back to the Philippines and as normal fresh graduates do, he went job hunting. It was a tough job market and his first application was turned down. His first job was at Phinma and he worked six years there. He earned P1,000 per month as an executive assistant.

After those six years, he worked abroad. He actually became an OFW working very far from home. He worked at Hong Kong and learned the dynamics of business and finance from his Chinese colleagues. Wherever he went, he immersed himself at work. His early years at the corporate world might have taught him a lot to become successful as he is today. He then founded First Pacific at Hong Kong in the early 1980s. He started small but now it has sales of billions of dollars.

MVP went home and made some tough decisions

After more than 20 years working abroad, he went back to the Philippines. His group invested in PLDT and started major changes to save the company. He reduced the number of employees and worked hard to encourage honesty and transparency. Those were tough decisions that helped PLDT to survive and be the one of the most profitable companies in the Philippines today. Now, PLDT is now employing 20,000 people (much greater than when he first served at PLDT) and serving millions.

From his school days until he becomes a Chairman at different huge companies, Manny Pangilinan worked hard to grab the opportunities and make them grow. He wanted to pursue MBA at US, he got it because he availed of a scholarship. He wanted to save PLDT, he made some tough decisions and now the company is one of the most profitable ones in the country.

Saving Money vs Earning More Money for Filipinos: Which do you prefer?

We often think of saving every peso we earn by cutting our expenses and sacrificing some of our wants. We know how it feels like to want something, but we can’t buy it because of our budget. We might be saving for our future or we are worrying much about our monthly bills. It’s good to save money but the thing is we might be forgetting something. We might be forgetting about the more fun side about money, which is earning more of it.

Think about this: you have saved ten thousand pesos because of a discount and you have received a P10,000 peso bonus. Which do you want more? When are you happier, when you saved one peso or when you picked a one peso coin from the ground dropped by someone?

Of course, we are happier when we gained something. We will be happier receiving a P10,000 bonus every month than saving P10,000 per month. It’s good to save money but why should we focus only on that? For many people (including many of us Filipinos), saving money means sacrifice. It means we should cut back on some things and watch every week or month how much our savings grow. There could be times that we take away a part of our savings to respond to an emergency or to buy something that we really want. Alternatively, we could just resort to applying for a loan and forget about saving any money at all. This latter option will put us into paying debts every month thereby causing us to save less or no money.

Another thing about saving money is it’s hard to increase the amount each month. Let’s say you were able to save P1,000 last month. Would you be able to save P2,000 this month? That would mean a lot of sacrifice and stress on our part. We would think constantly about saving money and cutting back on expenses. We would be spending a lot of our time and effort saving each peso.

What if we should just spend that same amount of time and effort in figuring out ways to earn more money? We would stop worrying about 10 and 20-peso differences. We would think about ways how to add thousands of pesos in our monthly income. We would forget about the coins. We would just focus on the big things that deliver huge results.

Earning more money could also mean sacrifice and more work. It could mean taking a few sidelines and working overtime. The good thing here though is that we could increase that extra amount of money we earn if we just work harder and smarter. As we get more experience, it becomes easier for us to earn more money without sacrificing a lot of our time and effort. The best thing about figuring out ways to earn more money is that we focus on the big wins instead of being bogged down by small details. It makes us grow and makes us learn new things.

Both earning and saving money are great disciplines to be learned. But we should use them together. Earn more money and save a part of it. If we want a better lifestyle and more things to afford, we should strive to earn more. If we are preparing for our future, it’s best to earn money and save a part of it. We could earn more and save that extra to prepare for our future. This way, we don’t need to cut back a lot on our expenses. This is actually additional work. The great thing is that we would be able to enjoy the present as well as the future because of earning and saving money.

Time-Tested Ways to Earn More Money For Filipinos

The key to receiving more is by giving more. You can do this by providing more services or benefits. You can also accomplish this by serving more people. Many people might say raising your prices or salary would help you earn more money. That thing is also correct as long as you can justify the raise with increased value that you can provide and the other people concerned are still willing to pay you that price. Another key is that you can receive more if what you give is very rare and valuable. You’re still able to give more because the value of what you offer is very high. In addition, many people and businesses might really need what you can give.

Whatever the case, you need to give more if you want to receive more. If you want to have an increased salary, you should strive to put yourself into a position that will help you have more impact and more service. For example, top managers are highly paid because they help their subordinates do their jobs that are critical for the survival and growth of their companies. In a way, top managers are able to serve more because they have more impact and they help people get the job done.

What about if you’re working abroad to receive a higher pay? It’s still the same. You will still give more to receive more. You will go to another company located in another country that serve more people or that provide more benefits compared here in the Philippines. That business you will work for once you go to another country could have more reach and that they deliver more value to more people. You become a part of that business and you will be able to give or serve more because of that.

Another thing about working abroad is that people there are willing to pay you much higher because their customers and clients are paying more. Your services become more valuable there because they need your skills to continue serving their clients that pay highly. This works the same way if you have a very valuable and rare skill. You’re one of the few who can give that particular service and they would compensate you high for that. The company won’t want to lose you and it would get hard to replace you so the company will give you a much higher pay for you to stay and continue providing your services.

If you have a business (or planning to have one), you also need to give more to receive more. If you want more profits, you should be able to reach more and more customers. If you were able to sell more and more products to more and more people, you would be able to secure more profits. If many people were receiving benefits from what you’re offering, it’s natural that you take in more sales and profits.

You could give more through your business by selling more and providing more to customers. Your customers would then be happy to pay you if they find your products or services to be satisfactory or excellent. If your customers know that your offer is of very high value and they can’t find it elsewhere, you will be sure to command a very high price. You will give them something that only your business can provide and they would be willing to pay you as long as the price is reasonable.

If you want to earn more, you need to give more. If you want more money, you need to provide more services and value to other people. You should always remember that what you earn comes from other people who exchanged their money for something that you provide for them.

One Thing to Ask Yourself If Something Would Really Earn You Money

There are many ways to earn money. You can get a job and get paid. You can also sell something or start a business. The key here is that you do something and other people would benefit. People would then pay you in exchange for that benefit they received from you.

For example, you might serve as a crew in a fast food restaurant. You help customers get their orders and you help the business by doing the tasks assigned to you. In exchange for your service, you receive a salary. The same goes if you run a business. You (or your employees) sell something and customers will pay you. You will then have your profits for providing value to your customers.

To earn money through honest means, you need to provide something that people will pay you for. You give a benefit and people will pay you in exchange. You give something and you receive something. You help people and those same people will help you in return. So the question you need to ask yourself if something would really earn you money or not is this:

Will this (business opportunity, job, etc.) help people and will they pay me?

Many just focus on the second part of the question (the paying part) and they forget the other people that they will serve. It’s good to think about the payment so that you can support yourself. But it’s better that you also think about helping people get what they want. You should realize that the money you will earn would come from other people. They won’t be willing to give you their money unless you have something to give them in return. If you can’t give them what they want, they would just go away and spend their money elsewhere. Either they would hire other people or they would go to another business to spend their money.

If you want to earn money and continue doing this for the long term, you should pay attention to the benefit that you would provide to your employer or customers. Make sure that it’s worth the money of your employer or customers. Once you make this a habit, you will continuously earn more and more money because you pay attention to providing other people more and more benefits (or you’re serving more and more people).

What Filipinos Ought to Know About Internet Marketing

When we hear internet marketing, we often think about making money online and making money while sleeping. Some people think it’s about buying software, clicking three times and thousands of pesos will go straight to their bank accounts. The truth is it’s not that easy.

Earning money online sounds like an easy and fast way to earn money, right? Here we are introduced to a kind of technology called the internet. It’s like magic where people can shop and sell. It’s also a tool where people can connect fast even when they’re on the opposite sides of the globe. It’s also a perfect tool where one can earn money without leaving her home. The only problem is that many people perceive the internet as the magic tool that will solve everyone’s problems including the financial ones.

Internet marketing is not magic

Like all income streams, internet marketing requires some work. It’s not like you open your email and the money goes to you from nowhere. That money must have come from other people where they pay money in exchange for a benefit they received. It’s still a kind of work where you provide something and people who need it pay to receive the benefit.
Some people like the thought that they will just create a blog with two or three posts in it and people will start giving them money just like that. If that were so simple, everyone should have done it and made thousands or millions of pesos doing just that.

Earning money through the internet is the same as doing it face to face

Actually, earning money through internet marketing is the same as earning money through other means. We could say that through internet marketing it’s much faster and more efficient, but it’s still the same. For example, if you have a business and you use to reach your prospects by posters and paper advertising, you can now reach them through social media and email. Decades ago, mentors and coaches sell courses through snail mail. Now they can do it by promoting their offers through email, social media and search engines. Years ago, most retailers can only sell by having a physical store where customers need to go there. Now, customers can just order online.

It’s still the same. Business owners still need to sell something to earn money. The principle is still the same. Sell something the people need or want and make money from that. The tools now are just faster and more efficient. It’s true that ordinary people can now make money while they sleep and while staying at home. But it’s also true that we still need to do some work upfront to set up the systems. Internet is not magic. It just helps us to do our work faster, better and more efficient. It also helps us to continue selling something without requiring our real time presence. For example, we make a blog post and people can read that even we don’t watch our website every minute.

Making money online in the Philippines (and any other country) uses better and more efficient tools

To really understand how to make money online in the Philippines, one should realize that the internet is just a tool. It’s a tool that is much more efficient and faster than the traditional tools we use a few years ago to reach prospects and customers. For example, a few years ago we used TV, radio and newspaper advertising to make prospects know about what we have to offer. Now, we can just use our favorite social media channel and some or many people would then know about us. It’s free and we can even accurately measure the response. We would even know what the prospects are thinking by asking them questions and reading their comments and answers. A few years ago, each person needs to set up a physical store or meet up with the customer in order to sell his items. Now, he can set up an online store where customers can buy even when the owner isn’t around watching the website and manually approving each customer’s order.

The systems automate it for you

You earn money through the internet (or while you sleep if you prefer that) because there are systems that automate the steps for you. Years ago, you need to hire other people (or do it all yourself) to process the orders, to promote your offers, to reach your prospects, etc. Now, you just need to use the tools the web can offer to make sure the transactions take place even without your real-time presence. It works even while you’re sleeping or doing something else. The machine works because you pressed the ON button and made sure the machine works perfectly.

When you earn money through the internet, you also need to realize that it’s not completely passive. 

You still have to do some maintenance and administration. You regularly need to check if the systems are working perfectly and if there are things you need to improve on your website. The good thing here is that you don’t have to watch over your site the whole day. It can work for you 24 hours a day seven days a week as long as you do the necessary administration and maintenance. Of course, pay attention to your customers because that is where your money comes from and not from someplace else.
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