Few people know that
I lost my cum laude medal during our after-graduation
pictorial.
Maybe it was God’s reminder
that high grades and awards can serve as entry-tickets to good companies, but
not an assurance that all the pieces would fall into place once you leave
school.
Two years later,
allow me then to share five lessons I have learned after getting a few bruises
and scratches in the “real world” (which burns by the way.)
1. Find your purpose (and everything else
will follow)
If your heart and
your talents are not in synch with your course, you would most likely be
frustrated when you are already working.
That applies even if
your grades did not miraculously reflect your misery, and even if
you instantly landed a job with a fat paycheck. Sooner or later, you would be
dragging yourself to work, wondering why you cannot find satisfaction and fulfillment in what you are doing. Worse, you might be stuck at being average,
because it is hard to push for excellence when you are not a hundred percent
committed.
But what if you do
not know your purpose? Or what if you are tailor-fitted for a certain course,
but the future salary range will barely cover you and your family’s needs?
They say our purpose
lies where our passion meets our potential. If you are good at something and
you get a kick out of doing it, then maybe it is what you are put here to do.
Ironically, the money
will follow from there. The universe has a way of rewarding those who live out
their purpose. I’m betting Manny Pacquaio and Steve Jobs will not achieve their
level of success if they swapped careers.
For those who want to
be their own bosses someday but are not yet confident to start so early after
school, you may find helpful Dado Banatao’s advice (who is considered the Bill
Gates of the Philippines): find a good
job in a good company, take advantage of the trainings they offer, and gain
experience and knowledge as much as you can. Then after two years or so, you
can already stake out on your own.
The above advice may
not work for everyone, but I’m throwing it in case you find it useful. The
endpoint is, all of us must honor our dreams and do what we are supposed to do
here on Earth before it’s too late, before that final, inevitable “graduation”
happens.
2. Maintain life balance
In the corporate world,
“work-life” balance is a popular term because burnout is very common.
If you find yourself working most hours with no time left for other meaningful
activities, and getting constantly sick and tired, then chances are you are already burned out.
I believe most cases
of burnout are subject to Advise #1. As the saying goes, find a job you love, and
you will never work a day in your life.
But, even if you
cheerfully go to work and do not really mind the long hours since you
absolutely love what you are doing, then maintaining what I preferably call “life
balance” – finding time to
nourish the other important aspects of your life – is still crucial.
Brian Dyson, CEO of
Coca-Cola Enterprises, explains it well in this analogy:
“Imagine life as a
game in which you are juggling five balls in the air. You name them – work,
family, health, friends and spirit – and you’re keeping all of these in the
air. You will soon understand that work is a rubber ball. If you drop it, it
will bounce back.
But the other four
balls – family, health, friends and spirit – are made of glass. If you drop one
of these, they will be irrevocably scuffed, marked, nicked, damaged, or even
shattered. They will never be the same.”
I also encourage you to
join organizations, volunteer groups, or a spiritual community. Not only will it contribute to society, but also to your growth as a person. You may think of it as a waste
of time at first, but once you see how it widens your perspective and makes you
more grateful of your blessings, you will not regret sharing your time.
3. Develop financial literacy
Once you get your
first salary, it can be tempting to blow it off in all those wonderful things
you were not able to afford when you were still studying. There’s nothing wrong
in enjoying your hard-earned salary, but don’t overuse the phrase “I deserve
this...” else you will just be another broke employee who lives from paycheck
to paycheck.
Learn to pay yourself
first – in the proper way. Many employees, upon receiving their salary, pay
their landladies, the electric company, Smart, Globe, Samsung, etc., forgetting
to take their portion out first. In short, they fail to save, and accordingly, fail to invest for their future.
It would take many books to discuss financial literacy, and I hope you will set aside time to read some
of my recommendations. Aside from Robert Kiyosaki’s popular Rich Dad, Poor Dad, you can check the
locally-published 8 Secrets of the Truly
Rich by Bo Sanchez and Kuntento Ka Na
Ba sa Kaperahan Mo by Vic and Avelyn Garcia. They helped upgrade my almost
zero financial literacy to a decent level. You can also start by reading one of my blog posts about financial literacy.
4. Have standards (and stick to them)
One of our high
school teachers once advised us “Society may have a low standard, but always
aspire to have a higher standard. It does not mean that you put yourself in a
pedestal, but you should not have a low standard.”
Once you go out into
the real world, you will encounter situations where your integrity and morality
will be challenged. If you have managed to avoid bad influences in college and
surround yourself with good friends, I applaud you, and encourage you to stay
strong in holding on to your values since you will be venturing into another
kind of jungle.
Needless to say, the
world needs more role models – honest people like Jesse Robredo who have not been
lured into the dark side of wealth and power.
At the risk of sounding
a prude, that also applies to matters of chastity. For those who are being
ridiculed for being old-fashioned, then just tell them vintage is rare and
expensive. Seriously, it is not about holding on to some outdated, irrelevant,
mothballed belief, but it is about valuing yourself enough to wait for someone
who respects and deserves you.
But there is always
hope and second chances, and if suddenly you have found yourself in the off
side of life due to some bad decisions, you can make up by owning to your
actions, learning your mistakes, and choosing to live in the light again.
Be a rebel – don’t go
with the crowd even if everyone else is doing it when you know it is not the
right thing to do. You are worth it and you should not let other people’s skewed beliefs
hinder you from becoming the great person that you are.
5. Fail your way to success
Yes, you heard it
right. As Soichiro Honda puts it: “Success can be achieved only through
repeated failure. My success represents the one percent of the work that
resulted from the 99 percent that was called failure.”
It may sound at odds
with the previous advice but let me put it this way – we are talking here about
“good” mistakes which are stepping stones to success and not failings of
integrity or morality.
With that in mind, it
is okay to make mistakes. A whole bunch of them actually. Because what
separates the successful people from the unsuccessful ones is that they have
made more mistakes, and thus were able to learn more from them. They know if
they persist long enough, they will win.
By trying and trying
again, they rule out the options that do not work until they found out that one
gem of an idea which works. Ask Colonel Sanders, who was rejected 1009 times
before a restaurant took a chance on his chicken recipe, and the rest was KFC.
To be honest, this is
the lesson I found the hardest to absorb. Whenever I make a mistake, I feel bad
because I take it as a sign that maybe I am too young, too inexperienced, or
maybe not that good enough. My thought then was that “If as early as now, I am
already failing, then how much more in the future?”
I had this messed up
belief that success is built upon a string of success, and I unwind everything
I worked hard for whenever I fail. Until I learned that nothing can be further
from the truth, because the real foundation of success is failures wisely
learned from.
If you are not making
mistakes, then that either means: you are perfect and you know everything there
is to know (but where’s the fun in that?) or you are playing it safe. But,
growth only comes with pain and if you want to live your life fully, then your
comfort zone is the worst place to camp in.
That is true whether
you are still searching for your purpose, honing your financial knowledge, or pursuing any of your
goals.
As Og Mandino said “Failure
will never overcome you if your determination to succeed is strong enough.”
Labels: Financial Literacy, Musings and Opinions