Talk About Finances


Too often people complain that there’s not just enough salary to provide for their needs, not enough money to pay the bills, not enough resources to support their basic necessities. But most of the time, it’s not that you don’t have enough inputs to your resources. It’s usually that you want so many things that you go beyond your means. Usually, it’s because you want to acquire things that goes beyond what is just necessary. I believe that increase in one’s resources, may it be monetary or not, will not resolve the issues that most encounter. We were brought forth into a society that leads us to this school of thought that we never realize that more than these things, the most important thing we need to learn first is to manage whatever we have, especially resources that involves our finances.


People tend to avoid talks about money and things that involve one’s capacity to spend or to purchase, to acquire the necessities as well as those that one wants, desires and dreams of getting in the future. There are too many avenues in which we can learn about these things and yet a few people grab the opportunity just because it strikes that side of ours who doesn’t want to accept reality and hide behind that façade that all things are well, and if not, that all things will get better. I don’t mean it to be wrong. In fact, we need to have that hope that all things will get better but not to that point where we actually don’t do anything because we’re just waiting for time to turn around and that maybe, it is now our time to be successful and to have the things that we want.


Most of the time, it’s the changing lifestyle of people that makes it difficult to manage finances. With technology rapidly changing, wants changing drastically, morals taking the sideline or the back of the scenes, people have these tendencies to go beyond what they need.


Just a quick snippet of how my life was and is right now, I went thru that stage where I’m earning as low as those of the minimum wage earners, not of those in the metro cities but with the provinces rate. I would not disclose specifics but it’s too small, as I compare it to what I’m earning right now, and yet I was able to survive for at least a year and a half. Then I changed careers, had a slight increase in what I’m earning, and still, I’m able to provide for myself, pay my bills and sometimes give when I have that spare. I keep on changing careers since I was not productive with the change and I had that need eventually to shift again. Again, another increase in what I earn, still not able to compensate to what I’m earning currently and yet everything is provided, I have all my necessities. Then came an opportunity to work in a company that offered me a salary that, for some might not be that high, but for me it’s already more than enough, almost twice as what I’m earning with the past three companies I am affiliated with, and yet I had that moment where I had nothing, I don’t have a penny in my pocket, that I was so ashamed of myself. I earn more than the others and yet I’m broke.

I remembered a conversation with somebody who told me that that person finds it incomprehensible how others can be comfortable in being broke all the time, in waiting for the next pay out just to live for the next 15 days. I know we have this saying of living life to the fullest, of live while you’re young, of living the day as if it’s your last but what if it’s not? What if the next day you wake up, without anything, with no money to pay for rent or to buy food?


A recollection of a conversation I have with my mom as well when she was telling me and my sister that maybe we need to learn to feed for ourselves, that others are better off selling scraps, taking trash and asking money for the service provided and so on and so forth. Then I realize, these people, those blue collared workers, would survive when things get difficult, that they will take any job just to feed their hungry stomach. And yet, not generalizing, but most white collared people would find it difficult to do physical jobs, those that require you to be in the bottom of the social pyramid.


What I’m trying to say is that before we ask for our increases in our resources, before we ask for a raise in salary, we should be able to manage our finances, our needs and most importantly, the unnecessary wants that society tells us as part of what we need instead of being a part of the ‘wants’. Because not having this, not having the knowledge and the resolve to actually manage them, we’ll still be stuck to what we are.


A financial pyramid that has been used by most financial planners in their consultancies with clients points five stages that create our personal finance management. It is important that we know we are able to provide for our basic necessities such as food, shelter, utilities and clothing. Education already became a necessity but basically, food, shelter and clothing are the most necessary things that we need to acquire first and to ensure that we have them. That becomes the foreground, the bedrock of the financial pyramid.


After we have all our basic necessities, we have to think about our safety, of the future (and not just think that tomorrow you might die so you have to spend everything today because that kind of mindset is foolishness) and so there’s a necessity for us to have insurances, budget, emergency funds and most importantly a permanent job that can provide us a stable income that will keep the sustenance for our basic necessities.


In Maslow’s hierarchy of needs, people have that need of love and belongingness. In financial pyramid, we translate as something in which you give, you share and you contribute something to the community. A cliché statement, one that we often hear, reminds us that no man is an island and so we have that implied responsibility to give back to the society, one that the corporate calls for us social responsibility. It’s not a responsibility per se but it’s something that we ought to do.


Given that you have already established your basic necessities, security and that sense of love and belongingness, man in his nature have that need to improve his self-worth. That’s where your savings and investment comes in. You have to capitalize on something which is your own. It brings a surge of overwhelming and swelling pride when you have put up something for yourself. It makes you be inspired to do more and have more, not just for yourself but also for others, to put up something not just for you and for your family , but eventually for those less privilege as well.


And eventually, you achieve your self-actualization translated as financial independence, that sense of freedom where you don’t wait for the next payout, or check your pay slip once in a while or resort to borrowing from those who put so high interest because it’s your only option.


Quoting someone’s words, “I want us not to be limited in what we want. I want us to be free. I know I might be talking a lot about money, finances and freedom but I want us to achieve our dreams and goals and not to realize them just because our resources are holding us back.”





Business: A Necessity

Going over the topic I was assigned last weekend, I found it interesting to talk about business. The word is so common, is used both as an object and an action. However, it has also become entity that has taken on its own identity and importance in the society.

As Google defines it, a business is an organizational entity involved in the provision of goods and services to consumers. Some calls it enterprise. Others, firm or company. Either way, business is broad that it encompasses a lot of things and has been detrimental to the society.

Business has been very essential in the society. It has taken a role into providing growth and development for the public’s welfare. It has also become a tool towards man’s greatest achievement and that is to achieve self-actualization, in whatever ways you would want self-actualization to be translated.

Doing business or having a business on the other hand is never easy. It’s not just being able to think out of the box or intuitively and you can do business almost immediately. Business is also a mind game. It needs that rational capability of a person for it to be effective and efficient. Unlike the generations of long time ago, needs became complex nowadays. Though things are easier and faster today, the means by which they were made to what they are today have transcended in such a way that the exchange between the one needing something and the one having that thing or has the capacity to acquire those things became an intertwined web of connections and transactions.

Business does not just grow out of nothing. It has its roots and source as well as guiding principles that enables it to redirect and focus the mind to what the society needs, without sacrificing the established businesses. These principles became the groundwork for how to go about having and doing business.

Not only did business became a fundamental social process it has also contributed to the economy thus having that economic function. Lastly, new development and discovery have been established. This is the reason why businesses became corporate entities. Not only one person contributed to what it has become now but a group of people driven towards achieving a common goal.

Since business became fundamental in the social process, it fills up the gap of someone’s self-actualization. Utilizing business as catalyst for change and improvement paved the way for man becoming perfect in order of being and operation. Though man has too many limitations, it has never hindered man from achieving and manifesting what can be called as closest to perfection.

Understanding business is to realize that the importance of business in the society which is us, consumers is one of the best ways to thrive in the market.

Man, will always aspire for human perfection. Perfection could either be in the form of excelling physically, intellectually and other aspects of human activity. He desires to possess, to learn, to be beautiful, to succeed, and to achieve.

In the desires for perfection and lack of certain things, there arises a need to seek complements. There are people whose goods obtained are beyond what they need however some have that overwhelming of feeling such certain kind of good.

With this, business fills in the gap between those who has the goods and those who needs it, a mediator between the producer and the consumer, the intermediary between buyer and the seller.

Business is a structure, a corporate activity undertaken to produce and distribute goods and services where there exist the goal for profit but also the risk for loss. Nowadays, trend for business has shifted into ways and possibilities that we never imagined it will obtain. Technology has paved the way not only for convenience in transactions but likewise shift in the business paradigm, society’s needs and wants as well as growth in industries in terms of production and distribution.




Millennial Skippers

Getting a job today is quite different from years ago. Before, it is a tangible need for somebody to get a degree so that he can have a secured job, a consistent salary and a guaranteed retirement fund at the age of 60. It is one’s pride to have a bachelor’s degree and a license so that one can be called a professional. However, times have changed. Industries have taken such toll in developing their operations such that resources will be maximized and utilized at its paramount.

most executives, managers, supervisors and those coming from the upper hierarchical level, especially those who belong in the generation which places great importance on values, believe that giving weight to intangible attributes of an employee should out stand the output provided and performance in terms of numbers and volumes. They believe that character should be the most valuable thing in the workplace.

This is true. In fact, it is an incontestable reality that has withstood challenges in the business industry. However, times have changed. Workers today, especially millennials have different perspectives on how one should be given merit to. Millennials have a different outlook on what would make them esteem people, entities and positions. The difference on how those on the executive and managerial level as compared to those in the rank and file think somehow affects the operations in the workplace.

Millennials see merit as something that should be given to those who actually deserve it, those who have been outstanding through their outputs as well as the efforts extended. For a millennial to look up to you and see you as someone who should be respected and be awed at, you have to walk the talk. You have to do beyond what they are able to do.  If you are in a high position, you should have knowledge on how your rank and files do and be aware of what is actually happening in the operations. You should look into everybody and everybody means each employee that you hold, may that person be working at average, below average or exceptionally. And that you should not just look, observe and you’ve done your job already but you also look for ways where they grow, where they can improve, where their work is acknowledged and recognized.

This is the reason why most millennials have a limited time span for staying in any company. One year is enough for them. Two years of not being able to see any future at your workplace is quite a challenge at its best. Three years and beyond is already dragging and if you know any millennial who stays beyond that, retaining a rank and file position, then something must have been holding that person, something that is inevitable.  A millennial would know when he or she is given importance such that when you don’t, he would not think twice on jumping ships and takes another path towards a “greener pasture”, cliche as it is.

But the most dangerous thing that could happen to a skipper millennial is that he will always go back to being in a rank and file position, especially that the most number of years he has stayed in a company is only a year, or two perhaps. Supervisory and managerial level positions require that either you left your previous company at that level already or you have enough experience in a company such that you are an expert in your field of industry. And when one has experiences already, especially one where that person holds an important job or task, getting into an entry level is a big challenge. He may not see it as a significant part of accepting the job yet. But when he is already there, and realizing that he is totally replaceable and a lot of people can do his job, he will feel insignificant and worst unimportant.

He may do his best and excel in what he do, but at the end of the day it will all go back to that simple fact that his work is too easy, anybody can replace him and anyone can do his job, maybe even better than he can. Being recognized and acknowledged is very important and when one is neglected, it affects how he see his role in the company. It will affect how he produces output such that, at some point, some employees who are really good have the tendency to settle to being a mediocre because they wouldn’t be notice anyway. Nobody cares about what they do or how they are doing so far with their job.

This is why supervisors have that vital of supposedly looking into these things and consider them such that it shouldn’t be all about how much work could be done or if it can be done at all. Nor it shouldn’t be just about reaching a target or going beyond quota. Of course these things are important and should be the ultimate goal, but alongside, considering what your employees feel, where they are coming from, how much effort they’ve put into will also be helpful in improving operations and also its efficiency as well.

Maybe it’s not actually an issue any firm should really consider. There are enough workforce supply to last them a lifetime. Thousands are graduating from universities and colleges. Skills, mastery and familiarity are just a few that employees who have stayed in a company for quite some time have already but then, it may just take months for these things to be acquired, right?

Different views. Different perspectives. How any firm would weigh all of these aspects, balance and put them all into consideration is something that they should have thought well of.

In the end, it’s all about who needs what or whom the most. The Law of Supply and Demand. Firms who have more applicants than they can cater of has the option, has choices but it is the same with the employees or applicants as well who have offers waiting to be accepted or declined. Timing is everything. You really have to be sure of the choices that you would make and stand up for it as well.