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Filipino Innovation on Changing Our Mindset About Wealth

By: Bo Sanchez

WHEN I was told that this issue is about Pinoy Innovation, I quickly got my book, 8 Secrets of the Truly Rich. If I may say so, the book is a Pinoy innovation presenting a new view about wealth for Pinoys. I tackled the issue right away in the preface of the book:

Pinoy Innovation 

This Book Is About Changing
Your Inner Software


I believe we Filipinos have been programmed to be poor. Especially Filipinos rose with crazy religious beliefs. For over 25 years, I’ve been working among the poor, living in their homes, and helping them get out of poverty. I’ve found out that no matter how much money they receive, unless they change their inner program, nothing happens. They will remain poor forever.

Friend, do you have a money problem? People are not poor because they have no money. That’s merely the result, not the cause of poverty. We’re poor because of a lethal combination of three giant monsters of poverty. First, we really don’t want to be rich. As shocking as this may sound, it’s true. Externally, we seem to want to be rich, but internally, we’re deeply conflicted in our unconscious desires. Second, we are financially stupid. (To put it mildly.)

We don’t know how money works. And we don’t know how money grows. Third, we insist on walking, not riding vehicles towards wealth.
Even if there are hundreds—no thousands—of vehicles around us. In the pages of this book, I will explain what these vehicles are.

Friend, do you want to gain material wealth and spiritual wealth at the same time?

Then read this book as, I promise you that you can solve your mind problems—which can lead to you solving your money problems.


Money Is Not My Definition of Wealth, But It Sure Comes In Handy

For example, every weekly romantic date I have with my wife requires money. And so are my dates with my kids. And my dates with my 83-year old Mom – My wealth is my relationships. Not money.    But I can’t deny that money helps me in my relationships.

Once upon a time, I was poor. But in the past 10 years, I’ve grown my financial wealth including a small business, real estate, and learned to work the stock market and other paper assets. From being a poor missionary, I now enjoy 16 streams of income flowing into my life.

Yes, I used to be one Filipino who hardly had money, because I thought being wealthy is not the way to live a wholesome life. But I have changed my mindset about being wealthy. I realized I cannot help the poor if I myself am poor.  Now I am the new Pinoy who isn’t afraid to be rich and who is brave enough to use that wealth to uplift my fellow Pinoys.

Do you Embrace Change?  One day, a guy calls up his Boss at home, but gets the bosses’ wife instead.

She said, “I’m sorry, but he died last week.” The next day, the man calls up again and asks for his boss. She said, “I told you, he died last week.” The third day, the guy calls up again and asks for his boss. The wife was mad and shouted, “Don’t you understand? I already told you twice -MY HUSBAND, YOUR BOSS, DIED LAST WEEK! Why do you keep on calling?” The guy laughed and said, “Because I just love hearing it…”

Many people are stuck but they wait for things to change on their own. Don’t wait for the boss to die on you—whatever “boss” means to you. If you want your life to change, then you have to change.

Today, I want to share fascinating stories to you. This is a story emailed to me by friends about 273+ times already. I’m sure you have heard of this charming parable. If you know this tale, skip it, and read my luminous analysis after the story.  If you haven’t read it yet, then enjoy.

Here it goes…

The Businessman and the Fisherman

One day a fisherman was lying on a beautiful beach with his fishing pole propped up in the sand and his solitary line cast out into the sparkling blue surf. He was enjoying the warmth of the afternoon sun and the prospect of catching a fish.

About that time, a businessman came walking down the beach trying to relieve some of the stress of his workday. He noticed the fisherman sitting on the beach and decided to find out why this fisherman was fishing instead of working harder to make a living for himself and his family.

“You aren’t going to catch many fish that way,” said the businessman to the fisherman, “you should be working rather than lying on the beach!” The fisherman looked up at the businessman, smiled and replied, “And what will my reward be?” Well, you can get bigger nets and catch more fish!” was the businessman’s answer. “And then what will my reward be?” asked the fisherman, still smiling. The businessman replied, “You will make money and you’ll be able to buy a boat which will then result in larger catches of fish!” “And then what will my reward be?” asked the fisherman again. The businessman was beginning to get a little irritated with the fisherman’s questions. “You can buy a bigger boat and hire some people to work for you!” he said.

“And then what will my reward be?” repeated the fisherman. The businessman was getting angry. “Don’t you understand? You can build up a fleet of fishing boats, sail all over the world, and let all your employees catch fish for you!” Once again the fisherman asked, “And then what will my reward be?” The businessman was red with rage and shouted at the fisherman, “Don’t you understand that you can become so rich that you will never have to work for your living again! You can spend all the rest of your days sitting on this beach looking at the sunset. You won’t have a care in the world!” The fisherman, still smiling, simply looked up, nodded and said: “And what do you think I am doing now?”

The Greatest Joy of Life

Lovely story, right? I believe the biggest question of life isn’t “Who had the most fun?” The biggest question of life is “Who loved the most?” Being content with where you are is fantastic. But growth, if required by love, is fantastic too. At the end of the day, contentment and growth are important, but not the most important values. Love is!

Be Content and Desire Growth, At the Same Time? This is absurd. But this tension in fact is one of the secrets to extreme happiness. You must learn to be content with what you have, and say “Thank You” often, and take time to celebrate. Yet at the next breath, desire for better things, strive for higher summits, and embrace change. How is that possible? Love is the answer.

What Is Your Path? So what is your dream of love? Like the Stream, you too have three choices…

Choice #1: Play small

One day, a woman came up to me complaining about her husband. “He’s not had a job for the past six years. I’m earning for the family,” she said. “What is he doing at home?” I asked. “Praying and reading the Bible and reading your books!”

For a moment, I wondered if I indeed wrote about it! He then said something profound. “You see Bo, I’m now at this stage in my life where I’d rather be poor and close to God than be rich and far from God.” For him, life was black and white. If you’re poor, you’re close to God. If you’re rich, you’re far from God. It never occurred to him that it’s possible to be rich and close to God.

Choice #2: Dream Big but Remain Unchanged

There are two types of innovations…

Sustaining Innovations and Disrupting Innovations. Let’s say you own a skateboard. Perhaps you transform the material to high-grade flexible plastic or change the wheels to titanium alloy. Perhaps you take skateboarding lessons from the masters of skateboarding. Disrupting Innovations are totally different.

Disrupting Innovations means throwing away the skateboard and getting a 3000 cc Harley Davidson motorcycle! That’s difficult. Disrupting Innovating believes that what took you to where you are now may not take you to where you want to go.  Because Big Dreams require that you embrace Big Changes – another word for Disrupting Innovations. That leads us to the third choice…

Choice #3: Dream Big and Embrace Big Changes

I’ve noticed that people who can embrace big changes are those who know who they are apart from their job titles, positions, reputations, and labels. They know the difference between essence and form. My spiritual family, Light of Jesus, is going through a Disrupting Innovation now. As we celebrate our 30th anniversary this year, we’re throwing away the skateboard and building ourselves not a motorcycle but a spaceship!

Hey, It’s Your Turn:

Look at your life now.

  1. Out of these three choices, what choice have you taken?
  2.  If you can change anything in your life to reach your dream, what will it be?
  3. Are there Disrupting Innovations you’ve been putting aside? Believe me.  Your answers to these questions will determine your destiny.
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Author: Illustrado

From the Middle East to the rest of the world, IllustradoLife shares the stories of Filipinos expats from around the world, providing a global venue championing the world class Filipino. IllustradoLife features articles on fashion and beauty, travel, lifestyle, business, events and other topics of interest to the international Filipino community from its mother publication, Illustrado Magazine.

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