The Business School

By Kristine Alcantara

This is the title of Chapter 10 of the book. Chills ran down my spine when I read the predictions of Robert Kiyosaki with regard to the economic changes and trends that will favor the Network Marketing industry. You must be hiding in a cave if you haven’t heard of the on-going financial crisis in America and in other parts of the world. To quote:

… The year 2010 is an interesting benchmark because the baby-boomers will begin to retire in America. When that happens, chances are that the stock market will begin to deflate; if an accelerating deflation sets in as people pull their money out and head for safety, a panic may ensue, and a crash will follow…

… Why will it deflate? The stock market boom from 1990 to 2010 will be fueled by boomers spending their money during their peak earning years and putting money into the stock market for their retirement. By the year 2010, that boom may turn into a bust…

… The volatility in the stock market today is being watched very carefully. When this boom comes to an end, many far-sighted people will begin to realize how smart it was for them to get into a network marketing business before the boom was over.

It’s about time that Filipinos create a plan B. Our country may not yet feel the effect on the events at this point but we will in the next one to two years. I heard my officemate say, “We won’t feel it because we’re not investors.” That’s the core values of the employee speaking. When I attended a planning session with the participation of someone from top management, it was a different conversation all together. He said, “We may not feel it yet but we will soon. If investors are in panic, we’ll have trouble borrowing money for businesses. How does this impact the financials of our company?” Unfortunately, this is not the way most of the Filipinos, especially those in the E-quadrant think. The need for financial literacy has never been more urgent.