How to get rich:
• Focus on a few great assets. Diversification is for idiots.
• It takes time. Patience & compounding are your best friends.
• Accept your limitations. Thinking you know everything will ruin you.
• Buy when others are fearful. Sell when others are greedy.
Financial Freedom Advocacy
Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Financial Freedom Advocacy, Financial planner, Leviste, Makati.
25/03/2020
If the government can print an unlimited amount.. Is the cash in your wallet really worth anything?
A short story about the Coronavirus crisis.
Rich people:
“Which cheap assets should I buy?”
Poor people:
“Which alcohol and toilet paper should I buy?”
Rich people:
“Markets will recover.”
Poor people:
“Markets will die.”
Rich people:
“I see opportunity.”
Poor people:
“I am scared.”
One of the worst mistakes I made when I was young was investing into someone else’s company instead of my own.
If you work a 9-5, hate risk and don’t want your own biz, sure — dump it into a boring index fund.
Otherwise you’re better off investing in yourself.
This is why most people are broke:
When everyone’s bullish, you need to start thinking bearish.
When everyone’s bearish, you need to start thinking bullish.
The higher prices go, the lower your chances of making $$$.
The lower prices go, the higher your chances of making $$$.
What will happen will happen. Your worry makes no difference. Let this be clear.
Do whatever is required and let it go. "Act but don't reflect on the fruit of the act."
Have faith in a higher power. Trust Divine wisdom.
Assumptions that will improve your life.
1) You will be misunderstood by many.
2) People won't behave as you wish.
3) You can grow more than you think.
4) No one understands it all.
5) Money is abundant. Talent is scarce.
6) Get results. People will leave you alone.
Key points from Duterte's press conference:
1. Provincial quarantine if more than 2 positive COVID-19 cases
2. Work in executive dept. is suspended, except for skeletal staff
3. Flexble work arrangement encouraged in private sector. Manufacturing and retail businesses encouraged to stay open with social distancing and minimal work force
4. Mass public transport shall continue operation with social distancing
5. Domestic air, sea and land transport suspended from March 15, 2020 (12 midnight) to April 14, 2020, subject to the review of inter-agency task force.
6. Code alert is now raised to Sublevel 2, highest level
7. Stringent social distancing measures in NCR for 30 days
8. Suspension of classes in all levels in Metro Manila until April 12, 2020. Stay at home and study
9. Mass gatherings, either planned or spontaneous,...shall be prohibited during this period. If social distancing is no longer obeyed, if rules are disobeyed, this is punishable under the penal code and can be arrested by military and police
10. Community quarantine is hereby imposed in the entire of Metro Manila
11. In other areas, LGUs can impose localized quarantine
12. Baranggay-wide quarantine is advised if there are 2 or more COVID-19 cases
13. Municipality or city wide quarantine advised if 2 positive COVID-19 cases or more
14. Not enough military and police to cover the whole country. Barangay Captain is the police. Bgy. Captain can also go to prison if they don't enforce these regulations.
15. Close monitoring and reassessment of these regulations after 7 days from today
16. LGUs outside NCR advised to exercise sound discretion to suspend classes, but does not allow you to suspend classes for trivial reasons
17. PNP and AFP shall be called upon for effective and orderly implementation of above measures. This is not martial law. Do not be afraid of the PNP and AFP. They are there to help you.
18. Daily meetings of Inter Agency Task Force (IATF) and all relevant agencies
19. In social disturbance, military will keep order
20. OFWs allowed to travel to Mainland China except to Hubei
21. If things detrioriate, we may have to ask for China's help
22. Entry travel restriction imposed to all countries with COVID-19 cases, exept for Filipinos and their families, permanent visa holders and diplomats
23. Purpose of this is to protect and defend you from COVID-19
24. AFP and PNP will maintain peace and order. Just follow.
25. Our COVID-19 cases relatively low but fast to rise. You will be asked to go to the hospital and seek treatment.
26. COVID-19 tests are free
27. I ask for your patience. Help each other. Everything is placed in jeopardy.
CTTO
Recipe for talent:
Choose something you love,
spend four focused hours a day on it,
keep it up for a few years.
Recipe for wealth:
Understand what you need and want,
understand what people need and want,
and become a trusted provider.
Entrepreneurship is a personal growth engine disguised as a business pursuit.
21/02/2020
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Leviste
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