Money Machines: Truly Rich Club Powertalk (Part 1)

The powertalks are one of the wonderful gifts given to the Truly Rich Club members.

Bo Sanchez talks about money machines. he said that a friend of him shared that their are two types of people. First when man works for money. And second when money works for man. 

When man is working for money. He exchanges his time, effort and resources for money. 

In my own status now, i would say that I am working for money. I exchange my very precious time for money. I worked as an ecology teacher in one of the Govt State university which is 6 hours commute from my family and worst the transportation is only available at day time because it is dangerous at night time. But despite of these I still opt to work because they are giving me a good salary and I enjoy teaching my students. It gives me so much fulfillment when I see them learning.

However, despite of these good condition. I still dream and is working my dreams forward to the second type of person, where enough money will be working for me so I can live a life of freedom. 

When money works for man it means, the person has reached a certain stage where he can do the things he wanted to do in life. Its is his money that works for the man to give him more of what he already has.

It has been my great desire to reach to a point that I have enough money that works for me to give me more money. So I can have freedom. I can join family gatherings or initiate family gatherings without fear of not being allowed for a leave from work. I can be with the people I love without fearing of not having enough money to enjoy with them.

So where I am in achieving these goal?

I save. I set aside 1,600 peso per month to be invested in the stock market. The guidance I have from the Truly Rich Club has brought me to the world of Stock Market.. And my investing has never been made these profitable. One of the stock market shares I bought early on in my investing has earned my already 60 percent growth. 

The thing that I journey with my self is eliminating all forms of debt, that I accumulate when I wasn't that financially literate. Thanks to the Truly Rich Club who enhances my financial literacy. Eliminating debt will eventually increase my net take home pay from my recent job and these will give me more money to invest in the stock market.

I will be upgrading my membership of the Truly Rich Club from a Gold member to a Diamond EntrepCircle To increase my wisdom on how to make money work for me..

Photo Credit

Acting in spite of fear

Thoughts lead to feelings, feelings lead to actions, actions leads to results.

Real action is the cure to a lean purse. Take action, beat inaction. Action is the bridge between the inner world (thought, feelings) and the outer world (results). So if action is very important what then prevents us from making action?

Fear!

Fear
Fear, doubt & worry are among the greatest obstacles to success. The rich people act in spite of fear, both the rich & poor people feel the fear. But only those who act despite of the fear achieves real success. They just don't let these feelings stop them.

As Harv Eker says "If you are going to let a three-hour drive of a three hour flight or a three day trek stop you from doing something you need and want to do, then what else will stop you? The answer: Anything. Anything will stop you. Not because of the size of the challenge but because of the size of you.

One must choose: If you the person who will be stopped or the person who is unstoppable? If you want real wealth or real success, you have to be a warrior. You must be willing to do whatever it takes. Train yourself not to be stopped by anything.

The road to success is never convenient, and is not easy. If you are willing to do only what's easy, life will be hard. But if you are willing to do whats hard, life will be easy.

In the beginning everything is uncomfortable, growth can only come if you are uncomfortable hence expanding your comfort zone.

We must train ourselves to do whatever it takes(as long as it does not compromises integrity & honesty) , and to act in spite of anything that might be on your way even fear.

When I joined the Truly Rich Club of Bo Sanchez I was fearful that it might not be worthy with the cost that I will spend. However, I am thankful that I was able to act in spite of the fear that I felt. Now I am earning from the stock market. It is through the Club that I learned how to make my money work for me.

Make your money work for you.

Harv Eker says in his book The Secrets of the Millionaire Mind "Rich people have their money work hard for them. Poor people work hard for their money".

Working hard for your money is as much more important as to make our money work hard for us. Working hard alone is not enough, there are a lot of people working very hard, all day and all night,  but are they rich? i don't think so, working hard alone is not enough we must develop the art of working smart.

Money is energy, the rich realize the value of working hard first for money, and then manage the money well, so it wont loose in their hands. Look for investment vehicle that will make more money for them, in a way that they don't have to be physically attending it to make them more money until one achieves a financial freedom. Where one does not work for money but working because its a choice and not a necessity.

Money working hard for you.

Rich people has a lot of passive income, one of these are stocks. The Philippine stocks now are so aggressive, the shares i brought a two years ago, are now 20 - 30 percent up. These is so amazing, i don't have to exert any work to get an increase of my stock shares.

Another form of passive income is business working for you like real estate rentals. The rich focus on buying assets, things that will likely to go up in value.

Having passive income will liberate you from 8-5 jobs.

Developing passive income is not enough one must have control of the fruits of the passive income, buying things for immediate gratification is nothing more than a futile attempt make up for our dissatisfaction in life. we must develop the skills of delayed gratification for the better.

Its so amazing that rich people have a lot of money and spend a little, while poor people have a little money and spend a lot.

Consider each dollars to be investment soldiers and their mission is freedom. but how do we arrive from our present situation to someone who has investments? the trick is to get educated learn about the investment world. Read your way out.

Join The Truly Rich Club. It guide you how to make your money work very hard for you.

Frugalit means to stop impressing other People.

One sure way to save money or to be frugal is to stop impressing other people.

Other people are so busy with themselves that they will not notice your effort in trying to impress them. Or the effort you made is no less different from the effort they are making to impress you. They are so busy with themselves that they will hardly notice that other people are trying to impress them.

In the foreword of Veblens book "The Theory of the leisure Class" as cited in the "Your money or your life" by Vicki Robin & Joe Dominguez.
"People above the line of base subsistence, in this age and all earlier ages, do not use the surplus, which society has given them, primarily for useful purposes. they do not seek to expand their won lives, to live more wisely, intelligently, understandingly, but to impress other people with the fact that they have a surplus.... spending money, time and effort quite uselessly in the pleasurable business of inflating the ego"

                                           Impressive? Photo source: The Fiesty Life

Once we stop impressing other people we can certainly save a thousand pesos. and see how impressed other people will be with how much we saved.

whenever I make a purchase, I make sure that it will be worth every penny I spend  and will complete enjoy the said purchase like making a full use of it.I dont mind wearing the same pair of dress every monday or every tuesday of the week, what is important for me is that its clean and decent.

Whenever i buy a new pair of dress or any purchase i make, I make sure its not cheap because cheap things are not good and good things are not cheap. The surplus that I make for every month are invested in the stock market.

Investing in the stock market is not easy and is complicated, that is why i got a mentor, thru the Truly Rich Club of Bo Sanchez.

                                         Photo source

Rich people admire other rich people

Wealth Strategy: Rich people admire other rich and successful people. Poor people resent rich and succesful people.

Quoted from T. Harv Eker's Book Secrets of the Millionaire Mind that based on the Huna wisdom the original teachings of the Hawaiian elders "bless that which you want". If you see a successful, rich and healthy person bless them, admire them.

That is why the rich is getting richer and the poor getting poorer because the rich attract more of what they already have and the poor is being dragged to more of what they already in. Some Poor people looks at the rich with resentment and jealousy. At some point they hated the rich because they thought that rich people are bad people. There people who got their riches from bad ways but they are only very few, most rich people got their riches from good ways.

I here quote Russell H. Conwell's story in his book Acres of Diamond

I say that you ought to get rich, and it is your duty to get rich.
how many of my pious brethren say to me, "Do you, a Christian minister, spend your time going up and down the country advising young people to get rich, to get money? yes, of course I do.


They say, "isn't that awful! Why don't you preach the gospel instead of preaching about man's making money?" Because to make money honestly is to preach the gospel. that is the reason. the men who get rich may be the most honest men you find in the community.


"Oh," but says some young man here tonight, "I have been told all my life that if a person has money he is very dishonest and dishonorable and mean and contemptible." My friend, that is the reason you have none, because you have that idea of people. The foundation of your faith is altogether false. Let me say clearly..... ninety-eight out of one hundred of the rich men (and women) of America are honest. that is why they are rich. that is why they are trusted with money. That is why they carry on great enterprises and find plenty of people to work with them.


Says another young man, "I hear sometimes of men that get millions of dollars dishonestly." Yes, of course you do, and so do I. but they are so rare a thing in fact the newspapers talk about them all the time as a matter of news until you get the idea that all the rich men got rich dishonestly.


My friend, you.... drive me.... out into the suburbs of Philadelphia, and introduce me to people who own their homes around this great city, so beautiful homes with gardens and flowers, these magnificent homes so lovely in their art, and I will introduce you to the very best people in character as well  as in enterprise in our city.... they that own their homes are made more honorable and honest and pure, and true and economical and careful, by owning them.


We preach against covetousness ... in the pulpit... and use the terms.... "filthy lucre" so extremely that Christians get the idea that .... it is wicked for any man to have money. Money is power, and you ought to be reasonably ambitious to have it! You ought because you can do more good with it than you can without it. money printed your bibles, money builds your churches, money sends your missionaries, and pays your preachers.... I say, then you ought to have money. If you can honestly attain unto riches... it is your ... godly duty to do so. it is an awful, mistake of these pious people to think you must be awfully poor in order to be pious.


P.S. DO YOU WANT TO GAIN FINANCIAL WISDOM AND SPIRITUAL ABUNDANCE AT THE SAME TIME? Join Bo Sanchez Truly Rich Club: http://bosanchezmembers.com/amember/go.php?r=6990