Archive for March, 2010
Money Habits of Ordinary Chinese
Money Habits of Ordinary Chinese
by: Kendrick Chua, CIS, the Wealth Warrior
First published in Money Sense March-April 2010 issue.
Ask anyone what trait defines Chinese the most and you’ll likely get one of these two answers—rich or cheap. To a certain extent, the answers are accurate. After all, despite accounting for only 2% of the total Philippine population, seven out of the ten richest Filipinos are of Chinese descent. Although most Chinese will not plead guilty, it has what defined this race based on the society’s perception. It has what defined me.
Kaizen
Kaizen
By: Kendrick Chua, CIS, The Wealth Warrior
first published in Business Mirror March 15, 2010 issue. http://www.businessmirror.com.ph/index.php?option=com_content&view=article&id=22987:kaizen&catid=28:opinion&Itemid=64
“Save a little each day, every day and see small things grow big,” says Bam Aquino, a social entrepreneur in a Sun Life advertisement. Yet, long before those words were popularized in a television commercial, the Japanese were already living that principle, which they called, Kaizen.
Kaizen came from two words, “Kai” which means to change and “Zen” which means for the better. Both words embody the philosophy of making continuous improvements in all aspects of life.
With a GDP of $5 trillion dollars, Japan is the world’s second largest economy next to the United States. Yet Japan didn’t achieve its status as a global economic leader dramatically; it took them 60 long years to recover and rebuild their country from the ravages of the Second World War. And one of the crucial factors that made Japan’s momentous growth possible was the application of Kaizen, a strong desire to be better and to be the best.
The Art of an Entrepreneur
The Art of an Entrepreneur
by: Kendrick Chua, The Wealth Warrior
This was the profile article I wrote for my writing assignment.
“Entrepreneur is not for the weak of heart. There is no easy path to success. You will need to work harder than your employees, to keep your mind sharp, and to face your inner fears,” says John Gokongwei Jr. For a man who’s worth $680 million dollars and ranks as the sixth richest Filipino, it may seem that he’s words are ominous to those who wish to venture the path of entrepreneurship. It might seem ironic for a man who has been an entrepreneur for the past 60 years to discourage others to be entrepreneurs; but then again, maybe not. After all, his life story is inspiring enough.
Gokongwei’s fame may not reach far and wide and most people may not even know about him. Yet, his businesses thrive all over Philippines and even Asia. As the Chairman of JG Summit, one of the largest conglomerates in the Philippines, he has stakes in enterprises that produced household brand names such as Sun Cellular, Jack n’ Jill, Cebu Pacific and publications FHM, Cosmopolitan and Yes just to name a few. His businesses are so diverse that Forbes listed his source of wealth as “diversified”.
Increasing My Sources of Active Income
Increasing my sources of active income
by: Kendrick Chua, The Wealth Warrior
How many times have I heard of passive income when I started working? A lot! And this is what the young professionals, myself included, are being preached about. Sometimes, it just gets really tiring hearing this over and over again like a broken record. Come on, reality-check, only a handful of people are already earning substantially from passive income at my age. Most of the people I talked to really have this in mind.
