Many people say to earn a small fortune in the Philippines one should start with a larger one. The reason this is said is because its no secret that many foreigners have gone flat broke in the Philippines but in all honesty many good avoid it by simply following a few basic rules and using common sense. This article will attempt to tell you how to avoid going flat broke in the Philippines.
Next you should consider where the advise is coming from. I have often seen people giving advise on Philippine business which makes no logic and is being given by people, both expats and pinoys, who are speaking entirely on hearsay and not experience. Most people do not take business advise in America from non business people so the same should apply in the Philippines as well.
Next thing you should do is research ideas which are thrown your way as often a little research can save you a lot of money. I once heard a guy telling a guy online how he could make huge money shipping malunggay/kamunggay to the states and selling it at 20 dollars per oz. Now if anyone bothers to research this ridiculous claim they would realize that malunggay/kamuggay is nothing more than Moringa which grows in many parts of America and is available domestically in America at way far below 20 dollars a ounce.
The final step is to repeat this steps quickly in your mind every time a "opportunity" is given to you for if you do this you will save yourself allot of money and grief in the long run.
Firstly you must remember that if a deal sounds to good to be true it usually is. If you remember this you will avoid many common Filipino scams as most prey on getting people excited enough over to good to be true opportunities and then relieving the victim of his hard earned money.
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