Top 10 Myths That Keep Filipinos Poor

“The goal of loving the poor is to help them stop being poor.” – Bo Sanchez

When somebody tells you that there is a way to get rich without a job, how do you react? Do you go take a notebook and ask that somebody to teach you how? Nah, I don’t think so. By age 20, we already have a programmed way of thinking. Because of our programming, our common reaction is to immediately doubt or resist the idea of making money without a job.

If most people around you (parents, brother, sister, close friends, relatives) are either employed, self-employed, looking for jobs, or looking for a higher-paying job, chances are your mind will fight back the idea of you being an entrepreneur. I know mine did. It took years for the idea to really sink in that I could be my own boss.

The good news about our mind is that, just like a computer, it can be reprogrammed. Before reprogramming our thoughts though, we need to identify the viruses that polluted our minds. I just picked out what I believe to be the top 10 myths that keep Filipinos poor:

Myth 1: I Did Not Graduate So I Can’t Be Rich

As I said in my previous post, most Filipinos focus too much on getting a college degree. Although it is indeed important, I don’t see it as a requirement for you to be rich. Financial education is more important.

Business owners do not necessarily have college degrees. More and more business opportunities, online opportunities are becoming available for the average Filipino. While entrepreneurship may not be for everyone, I know that it IS doable for anyone. Even with just an average intelligence, if you have the DESIRE to learn, you can do it.

As far as I know, Lucio Tan is a chemical engineering dropout from F.E.U. and yet he is one of the richest people in the Philippines. I have friends whose parents couldn’t afford to put them through college and yet they are now entrepreneurs making much more money than executives I know in the corporate world. I am pretty sure you can name someone with the same experience, wouldn’t you?

To be continued…