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Winner or Loser?

April 21, 2012


By Edmund Lao

Some time ago, I received a tempting offer from an organization that talks about losers. At first, it seemed to me that the message made a lot of sense. After a short ponder, I had a change of thought.

It is because the message is proclaiming that SAVERS are LOSERS!

The first series of questions that popped out of my mind were:

1. Are savers really losers? Yes

2. Can savers become winners? Definitely!

The two answers may seem to disagree with each other, but with the discussion below, we will see that there is no contradiction.

As we all know, saving money is the hardest thing to do due to the fact that our minds were conditioned to crave for instant gratification. A change of mindset and a lot of discipline is a must for our first step in our quest to win. Study the ants and apply it to the way you save.

If you keep your money in a piggy bank or in your safety box, the statement “savers are losers” holds true. It is because money does not have growth over a period of time. Another thing is inflation eats up the purchasing power of the money saved. It would be logical to spend the money now than to save it since it will not have a higher value in the future to cope up with rising costs. How can savers become winners then?  By saving the right way!

The only way to do that is to shift from being savers to being investors. Money saved should be put to work 24/7 through proper “investment”.  Remember that you can not invest what you do not have. So by saving first, you can accumulate enough fund to start your investment. There are various ways and vehicles to create, invest, and grow money.

Start by:

Investing in yourself. Be healthy so that you can continuously earn income actively and passively. By being healthy, you avoid monstrous medical costs.

Investing in time. Time is money so it pays to start investing early on. Make use of the power of leverage and power of compounding interest.  Time can be your best friend or worst enemy. Make time work for you.

Investing in education. Be up to date in financial information through attending seminars, reading books and morning papers. Surf the internet for information. There are many blogs that are full of information to help upgrade your knowledge. Go and network with people who share your passion and beliefs. If you want to be rich, look for the righteously rich and make them your mentor.

Investing in assets. Look for assets that can make your money work for you. Assets can be in the form of real estate, paper assets, your talent and craft, precious metals, etc. Just make sure that you do not mistake an asset with a liability.

Investing in business. Put up a business of your expertise. Not all business succeed but with hard work, dedication, and sacrifice, success is just nearby. Just follow the principle of our taipans like Henry Sy, Lucio Tan, and John Gokongwei who made it big from scratch.

If there are no savings, would the investments mentioned above become possible? A lot of problems can be avoided with savings. Without savings, the people would have turned to debt to solve their financial problems with another problem.

The next sets of questions that came out were:

What was the purpose of the sender with that message?

Was it to inform or educate me on money matters?

Was there truth to the statement?

Was the message aimed to encourage me not to save but instead to spend it all?

Was it made to lure me to their orientation and then to sweet-talk me into “investing” my hard-earned money in their consumption-based business offering?

Based on the first discussion above, in my honest opinion, the main objective of the message is to condition my mind into believing that I, as a saver, am a loser, and that I have to do what they preach to become a winner. There is the possibility that the source of the message is either broke or is in the verge of bankruptcy. It gradually dawned upon me that if I do not save and do what they say, I will be only making them rich at my expense. I am also helping them prove to everybody that their theory works when in fact I was only made to consume their products that I do not need. Then the cycle continues. This will be a predator-prey relationship. Conclusively, the message can be treated as garbage.

If you were the recipient of the message, how would you have responded? Take note that in the Bible, Matthew 24:4, Jesus talks about religious deceptions. The warning can also hold true in the world of finance. There are groups that claim to give “salvation” from financial mess, but are actually “financial fallen angels” disguised as “financial guardian angels”.  Before taking any action, critical thinking is a must especially in dealing with your financial decision.

The winner is always part of the answer, the loser is always part of the problem.

The winner has a dream, loser has a scheme.

The winner sees possibilities, loser sees problems

Are savers winners or losers? You be the judge.


From → Savings, scam

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