Only 1 out of 100 Filipinos become wealthy – are you part of the 1%?

I recently came from a seminar wherein the speakers talked about how hard it is to become wealthy these days. He sited some stats from the Bureau of Labor Statistics. According to his presentation, out of 100 Filipinos who started working at the age of 25, only 1% becomes wealthy. 4% will be able to raise adequate capital to just survive, 29% will die, and 63% will probably still be working or dependent on charity. This is such a powerful and scary statement. If you are living a normal life and you’re just working “enough”, then it will be a miracle for you to become part of that 1%. This underscores the importance of having a winning mindset and attitude as early as possible. Continue reading

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Your boss can’t read your mind

During my 4 years at Level Up, I would always get approached by office mates asking for advice on what they can do to get promoted. Other than asking them to evaluate their own performance, my other favorite question would be – “Have you talked to your boss about this yet?” Guess what? 99% of the time, the answer is no. This, I think, is one of the biggest hinderances for promotion. Friends, your bosses are not psychics. They cannot read your minds. In a perfect world, all bosses should be able to discern who they should train and promote but that’s not always the case. It’s better to be sure that you’re on the radar by sharing your intentions with your manager. Continue reading

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Don’t wait for breaks, make them happen!

I’ve been talking to a lot of young professionals lately and two of the most asked questions I keep getting are: when did I get my break and what can they do to get promoted quickly? It’s becomes very interesting though when you start to probe deeper. People who keep asking about getting breaks are most often than not just waiting for that opportunity to come along. They are very passive and they lack the initiative to actually “make that break” happen. That’s my answer to the first question – you don’t get breaks, you work for them. Opportunities will always come by but sometimes you don’t recognize them as opportunities because you’re too busy complaining about being stressed, not being recognized, and not being rewarded. Continue reading

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