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..

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First Stock Market Investment

My journey in investing in the Philippine stock market through the Truly Rich Club. When Bo released his book my maid invested in the stock market. I was very inspired. (For those who want the copy, just leave a comment and I will email it to you.)

I then downloaded the COL opening an account form. It took me three months before I was able to send my account application to COL office. Because I have to save 5,000 pesos for the initial deposit. And since then I am regularly investing in the stock market.

As Edward Lee the founder of COL financials always emphasize that the turtle always wins. The secret in the stock market investing is to invest regularly whether its a bear or bull market. Lee said that they that stock market is their Job, they cannot beat the turtle.

In my two years of investing in the stock market. I can say that I am very happy with the growth of my money. One very particular example is the share I bought in Metrobank last July 2011 is worth 72.85 per share but now it has rise to 118.20 per share. Now I am enjoying 50.5% growth. Who could not not be happy with these? in the span of a year and a half, the growth is phenomenal.

There are times when the going gets tough... Just keep on investing just keep on investing...

I am now making my stock market investments a serious business. My goal for these year to achieve 150,000 pesos without being a miser for myself.

I would really credit my stock market investing from the guidance I got from the Truly Rich Club led by Bro. Bo Sanchez. Thank Bro...

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Save First, Save Second

Save, save, save, save

As Bo Sanchez advised in one of the Wealth Strategies sent t the Truly Rich Club members.

Save First, Save Second

Importance of saving

Bo emphasize the 70/30 rule. Live on the 70% of your income while the 30% will be broken down into 10% tithe, 10% emergency fund, and 10% for future fund.

In my case I am a teacher in one of the state university of the Philippines. being single at the time when I first practice these rules of 70/30 as advised in the Truly Rich Club. I tithe. I set-up an emergency fund savings account which unfortunately always run-out every time my salary is not enough for other stuff.
The other 10% is being invested in the Philippine stock market. being a teacher of Ecology, Stock market is not in my vocabulary. but anyway with so much confidence from Bo Sanchez. I downloaded the COL form for opening an account. being Truly Rich Club member we always got stock updates when to buy and when to sell. Even if I don't know anything that happening in the Philippine stock market, I just invest. And is not enjoy looking at the growth of my investments. Although I'm still far from the seven digit figures, I know that I'm on my way.

By the way yesterday I talked about the promo we had in our grocery store, the first winner was soo happy. She never though of receiving a gift on her birthday.. When I have a faster internet connection which is happening very soon maybe next week I will make a facebook page for our grocery store so the winners will be posted every single week.

First Experience in the truly rich club

My experience in the club.

Before I joined the club, I already have the desire to earn more. I was browsing the net on how can I earn more with lesser use of my time.

My reading took me to the website of Bo Sanchez inviting me to join the truly rich club.

I used my mothers credit card twice, however it was also rejected twice. I don't really know why, Then I opted instead of the bank deposits. On my first six months it was amazing.

The club thought me how to invest in the Philippine stock market step-by-step. and right there and then I took the action to invest in the stock market.

Truly Rich Club

The first company I invested includes Ayala land (ALI), metrobank (MBT), Energy development Corporation (EDC). It was a slow growth for a small money. But now I have somewhat grown and has a bigger investment in the stock market. hence, I am inviting you to join the club too, so we can share the same experience.

Lest journey together to gain financial wealth & spiritual abundance at the same time. Join the truly rich club.

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.