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