Your First Million - Inspirational Stories

[dandy_b]

pesos after all.. we're in a filipino website

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Thanks for clearing that up NZchick.

 

Come to think of it, my first million pesos I made would have been way back in the early 90's when I was young, got a high paying job as a systems analyst/programmer, had no responsibilities (debts), lived with my parents and saved around 3/4 of my net salary.

 

All the best to your business NZchick. At the rate you are going you will be one of those multi-millionaires out there.

[tim21]

in my line of work (costruction business), it's easy to earn millions but it is also as easy in losing one. anyway, i was entrusted with my father's business way back 2003 and i was a stubborn, know-it-all 22yr. old. at first, my father was there to guide me when talking to people and looking for projects. but before the 3rd quarter of the year begins, he started letting me go and in my first project, i earned 1.3M net and it got me excited and a little cocky that i forgot the little things that would make this business successful. so, to cut the long story short, by the end of the year i was -750k and i wasn't able to make a dent on the company's 10M++ loan and which our house was use as collateral.

 

anyway, fast forward to 2005, slowly i was able to adjust to the fast lifestyle of making huge amounts of money. as of now, i have a two dev't projects in cavite worth 45M which should be finished by the end of the year and am currently on target with my estimate of having a profit between 20-25%. as for the loan, my last payment would be on march 2006. plus i have other projects in rizal and qc. i have another prospect in cavite worth 65M.

[tonysoprano]

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.

[267bill]

Hi you’re asking about business, well I’m a middle aged white guy who lives in the U.S.A.

 

every few years I travel to different countries including the Philippines,

if I’m lucky enough to meet some one in a verity of ways,

introduction from a friend, for example, if I see some thing that I can recognize as a possibility.

 

 

Then I form a partnership, these work out in different ways, some have been slow steady producers, other take off like a rocket and quickly burn out.

 

Some I’ve had to bail out of the red repeatedly, like push starting a car in the hopes that it will run long enough to get you were you want to go,

 

my past ventures included restaurants and office supply, lack of management and internal corruption are two of my main nemeses.

 

Since I’m half a world a way I have to rely on the integrity of whom I’m involved with, I’m looking for some thing completely different now.

 

Generally I’m willing to speak of what I have done, this was quickly written the time constraints may affect coherency.

[AnastacioBoyMartirez]

what 's the name of your site? I was wondering how you were able to get paid on your online business. I used to have an website but unfortunately , accepting credit cards from customers bacame my number 1 problem.

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you'll need a payment gateway and a merchant account. If you expect very big volume of transactions, you'll need a clearing house partner. This is if you are really seriouse in putting up your own E-Com website. Now if you wanna do it the way your NZ friend did it ... you may wanna try e-bay first.

 

Here's something for you to think about however, an e-com site can only become successfull if you've figured out your delivery model. In NZ's case, her market is newzealand, she orders her stuff from somewhere and sells it there in NZ. Now if she wants to sell someplace else apart from Newzealnd, she'll have problems... unless she figured this out already.

 

In your case however, who's your market? dito sa Pilipinas? If i buy something from you, how will you deliver it? These are some questions you need to think about before setting up an ecom site... so whatever your plans are it should be operationally feasible.

 

good luck sa efforts mo, wish u well.

[THUG]

1 Million pesos is not a very big amount of money.

 

I earned that easily with my local salary..

 

 

When Henry Sy mentioned that the only difficult part is the 1st 1 Million then he might have said that 5 years ago..

 

now 1 million is not a big amount of money..

[magnus]

just earn your first 100K. then do it 10 times!!! :cool: :cool:

 

1 Million pesos is not a very big amount of money.

 

I earned that easily with my local salary..

When Henry Sy mentioned that the only difficult part is the 1st 1 Million then he might have said that 5 years ago..

 

now 1 million is not a big amount of money..

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[warhead]

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..

[tonysoprano]

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..

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Absolutely agree!

 

To those who are still on their way to the 1M mark, keep going!

[TOMKO]

I made my first million in 1993. have to open my own auto parts store by myself, do everthing by myself. mahirap may kasosyo, for sure may maiinggit or magrereklamo or madedehado.

 

kahit maliit lang basta sarili mo you can decide everything and deserve whatever is the outcome

[THUG]

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..

[warhead]

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..

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[thrall]

Taray mo naman.hehehe

[THUG]

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.. "

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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..

[coldfussion]

what's this thread anyway?...

i think if you don't have a story to tell then might as well stop posting some comments...