May 5, 2008

Being rich is reachable

Being rich is reachable
by Ludwig Rosete

T
here are a lot of things I learned from my business book. Things like the entitlement mentality in America, rich people think differently from the poor and middle class. It opened my eyes to a new reality. Reality that being rich is reachable.

I learned that the entitlement mentality is the problem in US and also here in the Philippines. Entitlement mentality simply is our behavior wherein we expect the government and the companies we work in to take care of us. Although I'm not against customer service but if you hear stories from call center agents, this behavior is so evident. A lot of people think they should be served by others and taken care of.

The worst thing about this entitlement behavior is that a lot of people depend on the government and companies they work for to take care of them including retirement. Others also depend on professionals who claim to be financial experts when they are not really investing to what they are selling. What is bad about it is that people believe it is 100% safe.

The solution is independence. Invest in oneself and learn how money really works. And the best thing about learning is we keep on growing and feel young. A lot of realities are going to open up for all of us just by exploring new things. New things like financial literacy.