15/12/2021
π
SHARING WITH YOU WHAT I LEARNED FROM MY ONE-ON-ONE INTERVIEW WITH SOME BILLIONAIRES:
Kapag kumikita na ang negosyo mo, use the 20-20-60 approach. Meaning, 60% ng net income mo, you reinvest into new businesses or business lines. Wag papambili agad ng bahay, kotse, or travel. Make more money with it so you can harvest the power of compounding.
Yung 20%, pwede mo pag-hati-hatiin between the owners and investors. Yung remaining 20%, as incentives for your employees and trusted managers. You may not be the highest paying in terms of salary, but your employees will be more energized to make money when they know that as the business earns more, they also earn more. Di ba bongga???
Saglit na review lang: yung net income, ito yung kinikita mo from sales of products and services, awas na ang expenses ha.
In short, wag ibubulsa lahat ng kita π. And never co-mingle your business finances with your expenses. Salamat COLfinancial Edward Lee for this!