Tuesday, September 30, 2008

Five Tips according to Colayco (Pera mo, Palaguin mo!)
  • Start early.
  • Any amount can get you started.
  • Arrange for automatic deductions.
  • You ought to be aware about your credit cards.
  • Do not mind status symbols!

The configuration should be: Income – Savings = Expenses,
and not Income – Expenses = Savings,
to emphasize that one should have a fixed amount to save.

Four stages to Financial Independence:
  • Start-up Stage
  • Build –up Stage
  • Fine- tuning
  • Retirement

Small is Beautiful:
  • Requiring so much, accomplishing little
  • Modern industry is inefficient as it surpasses the ability of the people.
  • Ever bigger machines, bigger concentration of powers, greater violence against the environment and denial of wisdom
  • To see the bigness out of smallness
  • Misdistribution of population leads to misdistribution of access to resources: prevalent to the Third World Nations
  • Buddhist economics not modern materialism
  • Dual economy – two different patterns of living as widely separated in two different worlds; two ways of life existing side by side (agro-industrial)
  • Organic Development – development in our own pace
Contradiction of the welfare- state:
  • to ensure that needs and grievances of the people are properly addressed while making favors to accumulate capital for economic survival


Railey! said...

Yeah, small is really beautiful!

hydee lopez said...

... not all the time. hehe

yfur porsche p. fernandez said...