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Your First Million - Inspirational Stories


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#41 THUG

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Posted 16 January 2006 - 02:48 PM

i really think that 1 million this days is not a big amount of money.. when Henry Sy mentioned that "the only hard part is the 1st 1 million".. he mentioned that when he 1st open his 1st SM in avenida in 1983.. so you see.. that was 1983..

in 1983, 1 million pesos is a big amount of money... if you consider the average cost of inflation pegged at 7% per annum.. 1 million pesos that time will now be equivalent to.. 4.1 million pesos.. ..

so i guess the thread title of first million is wrong as 1 million does not make anything out of you.. .. 1 million today is only worth around 200k during the time when Henry Sy mentioned "the only difficult part is the first million" ..

the correct title of this thread should be "first 4 million pesos".. as what I have said.. considering the depreciation of peso with the rising cost of inflation at 7% .. 1 million peso is not a big sum of money to fuel you.. hell ya.. you cannot even buy a decent house for your family with 1 million pesos.. so its no big deal..

if you have less than 1 million pesos in the bank..then you are basically in trouble.. but having a million peso in the bank is not too uncommon..

#42 warhead

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Posted 17 January 2006 - 09:27 AM

Read this note before you post anything . I dont care if you think 1 million pesos is a paltry sum, i dont care if you think 1 M is just worth 200 k today. this thread is for how you made your 1st million" . Is'nt the title clear enough for you people? .. you can create you own thread of how you made you first 4 million or first 100 million if you wish.

:


" It's not impt if Mr. Sy. said it 5 yrs ago, 20 yrs or yesterday. A million bucks in pesos is still a big amount of money for most Filipinos. If you can earn it and "keep" it in a day... good. legally? better..without working for someone? best.

I created this thread not as a bragging post for how much you earn or to comment how paltry a sum a million pesos is. This was created to inspire people who despite slaving for years, and earning millions in gross salaries, ...are still showing flat or zero, or worse..negative.. in their net worth,
..this is not for those who inherited millions or business from their parents.
.. this is not for those who earn in dollars .
..

this is a thread for self-made millionaires who despite hardships and challenges in surviving in the Philippines' environment of political instability and economic woes ...have made it on their own..

thanks.. "












i really think that 1 million this days is not a big amount of money.. when Henry Sy mentioned that "the only hard part is the 1st 1 million".. he mentioned that when he 1st open his 1st SM in avenida in 1983.. so you see.. that was 1983..

in 1983, 1 million pesos is a big amount of money... if you consider the average cost of inflation pegged at 7% per annum.. 1 million pesos that time will now be equivalent to.. 4.1 million pesos.. ..

so i guess the thread title of first million is wrong as 1 million does not make anything out of you.. .. 1 million today is only worth around 200k during the time when Henry Sy mentioned "the only difficult part is the first million"  ..

the correct title of this thread should be "first 4 million pesos".. as what I have said.. considering the depreciation of peso with the rising cost of inflation at 7% .. 1 million peso is not a big sum of money to fuel you..  hell ya.. you cannot even buy a decent house for your family with 1 million pesos.. so its no big deal..

if you have less than 1 million pesos in the bank..then you are basically in trouble.. but having a million peso in the bank is not too uncommon..

<{POST_SNAPBACK}>



#43 thrall

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Posted 17 January 2006 - 01:47 PM

Taray mo naman.hehehe

#44 THUG

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Posted 17 January 2006 - 02:07 PM

Read this note before you post anything .  I dont care if you think 1 million pesos is a paltry sum, i dont care if you think 1 M is just worth 200 k today. this thread is for how you made your 1st million" . Is'nt the title clear enough for you people? .. you can create you own thread of how you made you first 4 million or first 100 million if you wish.

:
" It's not impt if Mr. Sy. said it 5 yrs ago, 20 yrs or yesterday. A million bucks in pesos is still a big amount of money for most Filipinos. If you can earn it and "keep" it in a day... good. legally? better..without working for someone? best.

I created this thread not as a bragging post for how much you earn or to comment how paltry a sum a million pesos is. This was created to inspire people who despite slaving for years, and earning millions in gross salaries, ...are still showing flat or zero, or worse..negative.. in their net worth,
..this is not for those who inherited millions or business from their parents.
.. this is not for those who earn in dollars .
..

this is a thread for self-made millionaires who despite hardships and challenges in surviving in the Philippines' environment of political instability and economic woes ...have made it on their own..

thanks.. "

<{POST_SNAPBACK}>



basically you cannot call them self-made "millionaires".. the term "millionaire" does not actually refer to a Filipino having a house worth 1 million pesos isn't it? otherwise, a lot of Filipinos will be "millionaires".. you have 1 million peso house and what does that make you? a lower-middle class Filipino citizen..

it could be applicable 20 years ago when 26 pesos trades to 1 dollar.. but with the depreciation of the peso.. coupled with inflation.. nope..having 1 million pesos asset or net worth does not mean that person should be called "millionaire".

i mean, we don't expect this same question to prop up in future conversations, like 10 years from now.. tieing yourself to 1 million pesos now and 10 yrs from now will be hilarious..

#45 coldfussion

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Posted 18 January 2006 - 12:11 AM

what's this thread anyway?...
i think if you don't have a story to tell then might as well stop posting some comments...

#46 warhead

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Posted 18 January 2006 - 09:11 AM

Do you really understand what this thread is all about?

Creating your first million on your own. ... not million based on the value of home/land which are illiquid assets .. i dont care if you value the "present" million as less than a million compared to 20 yrs ago...As long you made a made your first million ..you are free to post here to inspire other people.

If your point is to show us that you are multimillionaire now, and you consider the current "one million" as too small for your taste.... you have already made your point... a person with a million pesos in his pocket now is a millionaire. (in pesos that is).. .... why don't you just tell your story on how you made yours instead of posting comments that are not significant to this thread.


basically you cannot call them self-made "millionaires".. the term "millionaire" does not actually refer to a Filipino having a house worth 1 million pesos isn't it?  otherwise, a lot of Filipinos will be "millionaires".. you have 1 million peso house and what does that make you? a lower-middle class Filipino citizen..

it could be applicable 20 years ago when 26 pesos trades to 1 dollar.. but with the depreciation of the peso.. coupled with inflation.. nope..having 1 million pesos asset or net worth does not mean that person should be called "millionaire".

i mean, we don't expect this same question to prop up in future conversations, like 10 years from now.. tieing yourself to 1 million pesos now and 10 yrs from now will be hilarious..

<{POST_SNAPBACK}>



#47 thrall

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Posted 18 January 2006 - 11:11 AM

ALAM KO NA 1 million yen nalang para walang gulo Mweheheheh

#48 THUG

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Posted 18 January 2006 - 11:14 AM

Do you really understand what this thread is all about?

Creating your first million on your own. ... not million based on the value of home/land which are illiquid assets .. i dont care if you value the "present" million as less than a million compared to 20 yrs ago...As long you made a made your first million ..you are free to post here to inspire other people.

If your point is to show us that you are multimillionaire now, and you consider the current "one million" as too small for your taste.... you have already made your point... a person with a million pesos in his pocket now is a millionaire. (in pesos that is).. .... why don't you just tell your story on how you made yours instead of posting comments that are not significant to this thread.

<{POST_SNAPBACK}>


how do you define "make it on your own".. does it mean everything comes from your salary? business? investment? well net worth is net worth, and a house or real estate counts as an investment..assuming that the real-estate property that you bought for 300k pesos 10 years ago appreciates for it to be valued now at 1 million, then that becomes your 1st million..

just the same, if a stock you bought 5 years ago for 100k appreciates to become 1 million this year.. then that becomes your 1st million..

even then.. a 1 million lot or house today is not worth that much.. try to buy a 1 million house these days and what do you get? you will be considered as lower middle class.. middle class houses are valued in the 2 to 3 million peso range..

so basically.. even if you have 1 million pesos liquid cash.. you will probably be living with your parents, or renting, because you don't have your own house.. not owning your own home and being called a millionaire is just funny.. :lol:


so basically, dont tie yourself up with 1 million pesos.. because it is not a big amount of money.. this same conversation has been there 10 years ago.. but for this same topic to still exist these days is just hilarious.. we probably won't expect this to be existent 10 years from now.. where 1 million pesos won't enable you to even buy a 2nd hand taxi cab..

#49 thrall

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Posted 18 January 2006 - 11:18 AM

Ang dali dali naman kasi magbukas ng isa pang thread click nyo lang new topic tas lagay niyo your first 5 million Pesoses....O e di tapos ang usapan.Yung mga naliliitan sa 1m dun mag post yung mga nalalkihan sa 1m dito magpost.Simple...

#50 coldfussion

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Posted 18 January 2006 - 11:28 PM

calling any MOD's...try to stop the never ending discussion here...
nasisira yung pangalan ng thread eh...

peace
:mtc:

#51 warhead

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Posted 19 January 2006 - 08:46 AM

I never said tying yourself to one million...the title says making your first million....one million is a milestone...You don't go from zero to 5 million..to most Filipinos it takes years even generations to reach that milestone. ..if you made that through real estate..then post it.. if you made it through stocks..then post it..if you are an OFW who saved enough..then post it... there is really no point in making fun of those who are aiming to make their first. ..even the multibillionaire taipans like Henry Sy, John Gokongwei , and Lucio Tan had to struggle to make their first, they never made comments on how small a million is.. In fact, they emphasized that your should value how you made your first. That is why I created this thread, to emphasize the importance of making your first, a milestone which separates you from the masses.


Thug,, I suggest that you create your own "multimillions" thread if you consider one million "hilarious" and "funny:..... you have already emphasized more than enough that your are a multimillionaire and you consider a million a mere change in your pockets, then why post in this thread?.. this thread is for those who are aiming to make their "first"..unless you are too intellectually-challenged to understand that idea, these exchanges will never end...on the other hand, you are welcome to post how you made your multimillions.

#52 tonysoprano

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Posted 20 January 2006 - 02:38 PM

how do you define "make it on your own".. does it mean everything comes from your salary? business? investment?  well net worth is net worth, and a house or real estate counts as an investment..assuming that the real-estate property that you bought for 300k pesos 10 years ago appreciates for it to be valued  now at 1 million, then that becomes your 1st million.. 

just the same, if a stock you bought  5 years ago for 100k appreciates to become 1 million this year.. then that becomes your 1st million.. 

even then.. a 1 million lot or house today is not worth that much.. try to buy a 1 million house these days and what do you get? you will be considered as lower middle class.. middle class houses are valued in the 2 to 3 million peso range..

so basically.. even if you have 1 million pesos liquid cash.. you will probably be living with your parents, or renting, because you don't have your own house..  not owning your own home and being called a millionaire is just funny..  :lol:
so basically, dont tie yourself up with 1 million pesos.. because it is not a big amount of money.. this same conversation has been there 10 years ago.. but for this same topic to still exist these days is just hilarious.. we probably won't expect this to be existent 10 years from now.. where 1 million pesos won't enable you to even buy a 2nd hand taxi cab..

<{POST_SNAPBACK}>


Tigas talaga ng ulo ng batang ito..

#53 Batabatuta™

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Posted 20 January 2006 - 03:00 PM

Tigas talaga ng ulo ng batang ito..

<{POST_SNAPBACK}>

Sa totoo along, I've been looking forward to hear more about your stories..as in I really do..pero right now puro rebuttal ang nababasa ko.....napakasimple naman kasi nung purpose ng thread di ba....How did you make your first million? mahirap bang intindihin? di ba tol hindi naman? bat di niya maintindihan? :goatee:

Edited by Batabatuta™, 20 January 2006 - 03:01 PM.


#54 coldfussion

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Posted 20 January 2006 - 11:18 PM

Sa totoo along, I've been looking forward to hear more about your stories..as in I really do..pero right now puro rebuttal ang nababasa ko.....napakasimple naman kasi nung purpose ng thread di ba....How did you make your first million? mahirap bang intindihin? di ba tol hindi naman? bat di niya maintindihan?  :goatee:

<{POST_SNAPBACK}>


alam mo tol mahirap umintindi ang taong alang common sense...
why do you needs to be complicated?...

#55 papable

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Posted 20 January 2006 - 11:19 PM

I made my first million at 26. I was assigned to another country for 3 years and during those times, all my pay in the Philippines was left untouched. At the same time, I was also saving those hard earned dollars. I opened a trust funds during the time for higher interests

#56 bembrat

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Posted 07 April 2006 - 02:22 PM

I've earned my fortune in many wicked ways like protection racket, gambling, underground currency exchange, entertainment and a lot more. I earned my first million pointing a gun at one of my former associates (may he rest in peace)who tried to run way with my cut. Im now trying to go completely legit and thus have ventured into quite a number of legitimate businesses. I still go for the highest possible returns in the shortest possible time types of businesses though.

<{POST_SNAPBACK}>



hehehe. nice one.

#57 Guest_buru_tus_*

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Posted 07 April 2006 - 08:18 PM

I made my first million at 26.  I was assigned to another country for 3 years and during those times, all my pay in the Philippines was left untouched. At the same time, I was also saving those hard earned dollars. I opened a trust funds during the time for higher interests

<{POST_SNAPBACK}>


made mine when I was 26 also

it was also an overseas assigment!!!

#58 virus

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Posted 07 April 2006 - 10:11 PM

thug, were talking here of success stories. if youre not going to contribute something inspirational and just argue with other posters, its better not to post at all. :)

Edited by virus, 07 April 2006 - 10:18 PM.


#59 virus

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Posted 07 April 2006 - 10:20 PM

and may i add something? 1 million is still a lot of money for us.

#60 blitzz127

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Posted 08 April 2006 - 03:15 AM

oo nga. ndi lht ng tao my milyon..




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