Sailing Away
Sailing Away
And why only some? Aren’t we all genetically predisposed to be the best that we can be?
The answer, simply, is no. Otherwise, no one would be successful. And our journeys would all be, for lack of a better word, boring.
Here are some speakers in the Money Summit 2011 who defied the odds and became masters in their own fields:
NOLI ALLEJE
I was into everything before I started doing real estate. As an entrepreneur, I started off with window furnishing in the late 70’s, then went into knitwear in the 80’s and a PR company that focused on beauty contests … We handled Triumph Court of Fashion, Palmolive Circle of 10, Mutya ng Pilipinas and Miss Asia Pacific plus Eupohoria Disco … in the early 90’s, Iwi Laurel and myself put up the first real estate talk show on nationwide television … sometime thru those years, I became the Philippine representative for Joe Weider products (muscle building drinks) and regular jobs in financial institutions such as Bancom Philippine Holdings, Union Bank and ULTRA, the concert and sport venue.
It was only when I started selling real estate and investing in real estate that I can say that I reached financial maturity. The Property Forum was granted exclusive marketing contracts in the mid 90’s which was right smack in the Asian Crisis period … That is the time I realized that my expertise was on distressed properties since our sales was great during bad times … So the years after, I started doing auctions with the major universal and commercial banks …
We began doing bulk investment from bank assets 3 years ago and last year, we decided to buy the asset management company of GE money bank from GE Investment in Norway … As an investor, I basically buy and hold while I wait for nature to solve the headaches … Sometimes dump the lousy assets and just collect the good ones …
Lesson: I like what Noli Alleje said here – that in real estate investing, particularly in investing in distressed properties – one technique is just to buy and hold while waiting for nature to solve the headaches. So if applied to the US real estate market (or to stocks), the time to buy is now. But many are still scared. And that is why people like Noli Alleje emerge the winner.
MARK SO
I used to be in the corporate world. I graduated BS E.C.E. from De LaSalle University. Passed the board exam but never really practiced or used my license. Instead I pursued jobs in marketing and sales because I knew back then that that was where the money was. I was the first marketing analyst at Islacom (back story here). Then I went to Tech Pacific to be a Product Manager for IT products such as Intel, Motorola, 3Com, etc. Then my last corporate role was Technical Marketing Manager for Asia Pacific and China for Lucent Technologies designing systems for Telecom companies around Asia.
I spend all my spare time with my family. My wife is the most important person in my life, always has, always will be. My daughter, our little miracle, is what keeps both of us happy and proud and what makes us better people each and every day.
Lesson: Some people remain successful because they are grounded, because they keep reminding themselves why (and for whom) they are doing all the hardwork in the first place. The more important things sometimes get lost in the noise, and it is good technique to never keep the eye off the “whys”. The reward is immense (and intense) satisfaction and happiness.
Article by Issa. Art by Danvic Briones. Copyright 2009-2011.
website: www.YouWantToBeRich.com
email: issa@youwanttoberich.com
P.S. You can still catch Money Summit 2011 in Cebu, now with discounted rates. Please email me at issa@youwanttoberich.com so I can give you details of the offer (and my additional offers).
PPS. We are launching Rescue72.com tonight. Please visit or like us on Facebook. Thanks!
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