7 Secret To Get Rich In The Philippines
Secret #1: Generate Value
If you have ever come across Napoleon Hill, you will know that Napoleon strongly believes in generating value and expresses its significant value throughout his speeches and books.
Napoleon Hill is most recognized as the author of the popularised book think and grow rich. In this book, he mentioned several laws to build wealth in life.
Why did Napoleon Hill speak about value so often? Because where there is value, there are often opportunities to earn a profit. Many businesses are thriving today all across the Philippines because they generate value in one form or another. If a business does not generate value, it may have difficulty building wealth in the Philippines.
Secret #2: Build Convenience
If you do not wish to wait, you can always pay extra for speedier delivery or a more convenient service. Filipino entrepreneurs have known this secret for many years. Additionally, if you already have a business and are looking to increase your business profits, think to yourself …. how can I make my business more convenient for people? What added extra would they happily pay?
Secret #3: Cut Unessential’s Bills
Being rich in the Philippines is not an easy task, but it is made 100% harder when you have unnecessary bills in your personal life.
There are somethings that we all need as essentials but are you paying for nonessentials that can be cut? A few hundred pesos may not seem a lot of money, but if it helps you build wealth in the Philippines, it may be necessary to cut the unnecessaries.
Secret #4: Build A Business Before You Invest
Building a business is essential before investing because investments are something you cannot control. If you have extra money and want to invest, that’s great, but you may be limited by the amount you can receive.
This is not to say that you should not invest …investing is vital in building wealth. Still, if you are new to the financial world and currently working for somebody else, it may be more appropriate to start a business before investing.
Secret #5: Understand Human Phycology
When looking at how to build wealth in the Philippines, we must first question where wealth comes from, and the answer is to other people.
Therefore to increase our wealth, we must understand the basics of human psychology. Psychology is a very complex subject, and it is divided into many different types.
For those looking to start a business in the Philippines, then there is a whole business psychology topic that can be explored.
For those of you who are more interested in investment, then human psychology also runs very deep. The market determines the price, and the market is the people. Even though many investors invest logically, the market sometime
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