We’ve been busy. Very busy. We start our day at six in the morning and go home at around ten in the evening. It’s crazy. It’s tiring. But let us think of the future. The first step is always the hardest. It will get better. I know it wil.
Keep these concepts in mind.
You’ve failed many times although you don’t remember.
You fell down the first time you tried to walk.
You almost drowned the first time you tried to swim.
Don’t worry about failure, worry about the chances you miss when you don’t even try.
People like to complain. People whine. We, at least, are doing something about it.
Avoidance of what you fear to do never helps to overcome it. Avoidance only creates more fear.
Get moving and seize the day!
Photo from Scott Thomas
Last Wednesday night, the wife and I were with our business partner Dennis in our new Alabang office. He talked about the difference between being wealthy and being rich. I never really thought that there was a difference. I thought those two words mean the same thing, that they can be used interchangeably, e.g., the wealthy are rich, and the rich are wealthy. Good thing I just listened, or I would have embarrassed myself. The next day, I googled a bit, and these are the things that I found.
oOo
There is a big difference between being rich and being wealthy. When I think about someone who is rich, I think about someone with a lot of money. And I typically think about someone who is quite showy with their money. They drive fancy cars and live in a fancy house. They wear fancy clothes and eat at fancy restaurants.
Rich people come into their money in a number of ways. They may inherit it. They may win the lottery. They may earn it in a few short years as a professional ball player or entertainer. Or they may invent a new mousetrap that is worth millions of dollars. Or they may simply earn it over many years as a professional or a business owner.
But doesn’t this also describe a wealthy person? Is there really a difference? I believe there is a major difference between rich and wealthy. The difference is in duration. How long does the money last? Will it be gone once the person’s earning power is gone? Will it be passed on to future generations?
The difference between a wealthy person and someone who is simply rich is that a wealthy person has sustainable wealth. In other words, a wealthy person will always be wealthy, whereas someone who is merely rich will only be so for a short period of time until the money is gone.
The difference between rich and wealthy is very simple. It’s knowledge. Wealthy people know how to make money. Rich people only have money. Once you know how to make money, you can build sustainable wealth. The money never stops coming. If you have a reversal of fortune, it’s not a big deal. You just make it back.
Think about Donald Trump. Several years ago, Mr. Trump was deeply in debt. But, oddly, he didn’t change his spending habits and didn’t go away. Why not? Because Donald Trump understands how to make money. He is a wealthy individual.
There are many examples in history of wealthy people who obtained their wealth through knowledge and valued knowledge more than money. The most obvious one perhaps was King Soloman, king of all of the Israelites. He was extraordinarily wealthy. And he was extraordinarily wise. When he first became king, God came to him and asked what he wanted. Solomon asked for wisdom. And throughout Solomon’s writings, he lists wisdom and knowledge as the two most important gifts to ask of God. Wisdom and knowledge are what created Solomon’s great wealth.
Wisdom and knowledge can create great wealth for anyone who desires it. Once he had the knowledge, then he could begin formulating a strategy and work with a coach to build the wealth. But the knowledge needs to come first. Otherwise, if we do happen to get rich, the money is not likely to last.
I’m very excited! Wohoo! Got the news here. The new iPhone 3G will be coming soon. The 8-GB model is only US $199, around 9000 pesos! Talk about cheapness! This price is apparently going to be enforced across the big 70 countries that will be selling the iPhone. So yeah, don’t be duped!
The 8-GB model is only available in black, which I like. I can actually sync my iTunes with this baby! I guess I’ll have to sell my iPod. No need for it when I have this. Oh, they also have a 16-GB model, which comes in black or white. Maybe the black one for me, and the white one for the wife. Apple actually has an official Philippine website, check it here.
Now, if you’ll excuse me, I have a lot of whining, pleading, and begging to do!
Photo from Apple.
Update: I was reading yugatech’s blog, and he said that with taxes and tariffs, it might cost around Php13,500. And since Globe is the official carrier, it has released post-paid plans.
Ignorance is the thief of opportunity.
Don’t ask. I have no idea who really said this. Just heard it.
Visionary ideas are always violently opposed by mediocre minds.
This, they said, was from Albert Einstein, though I’m not so sure, and I’m currently too lazy to check. You do it. If you want.
Ignorance is bliss.
Yup! Same thing. Really have no idea. But I like it.
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