Pinoy Business Coach

If there is anything that is emotionally charged in this world, it would have to be the thing that we call Money.


Technically speaking, Money is different from Currency. Money is a medium of exchange possessing in itself an intrinsic value. Currency is the paper that our government prints out that represents (note the word)value, in the case of the US and the Philippines, it can be something as intangible as 'trust' or the 'goodwill' of it's people. Currency comes from the root word 'current', it must continue to move or it will become extinct.

Is having to much currency the solution to every problem? Is the mere possession of currency qualify one to become rich ?

Take for instance famous & high paid movie stars, boxers or athletes. We can often hear stories about the glory days and eventually the 'riches to rags' stories.

The answer to both queries is NO. Having too much currency is in fact disadvantageous since it has the tendency to lead the individual to what I call, 'imagination paralysis.' Based on experience and from the experience of others, having too much currency can cause financial IQs to go down.

A rich mindset is developed through experience, following a small steady plan of self-education and application and having the willingness to go through the ups and downs of a business and knowing to ride waves. The process of getting rich starts in one's own mind and does not start in the pockets. The process of knowing how to make money will help one become truly wealthy