MONEY TALKS

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JACK MA'S PHILOSOPHY OF SUCCESS

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Mistakes are not signs of weakness, they are the raw materials of success. Long before people achieve recognition, wealth, or influence, they go through rejection, confusion, and repeated failure.

Every mistake teaches a lesson. The faster you fail, the faster you learn. Success is not built on perfection but on the ability to extract wisdom from failure.

"I failed my university exams three times. I was rejected from over 30 jobs, including KFC. Those failures did not stop me, they shaped me." - Jack Ma


THE PHILOSOPHY OF THE RICH AND THE POOR ON MONEY

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Money is not just a medium of exchange. It is a reflection of philosophy. Long before wealth is created or lost, a belief system about money is already shaping decisions, habits, and outcomes.

"Poor people usually spend their money and spend what’s left. Rich people invest their money and spend what’s left."


HOW DIFFERENT CLASSES THINK ABOUT MONEY

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Lower class spends money. Middle class saves money. Upper class invests money. Elite class leverages money.

Money does not behave the same way across all economic classes, not because of morality or intelligence, but because of mindset, access, and constraints. One way to understand wealth gaps is to examine how different groups *use* money rather than how much of it they earn.


BSP ADVISORY: LARGE-VALUE CASH TRANSACTIONS

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The Bangko Sentral ng Pilipinas (BSP) has issued new regulations on large value cash transactions to reduce money laundering and other risks linked to the use of cash.


© 2008 ET PLUS. articles . All Rights Reserved | Financial Management

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