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.

One way to save money: take care of what you have.

If there is one thing that we wanted to save, it would be the ultimate thing that we possess: our body all of us just got one, so if there is one thing that we want to last it would be our bodies.

Paying attention to preventive practices will save us a lot of money. Daily exercise like walking, flossing and brushing your teeth, these simple daily routine can help us save more in the future.

Eating vegetables and fruits refraining from the three white poisons: salt, sugar & flour will refrain us from expensive medical procedures. These can even help us live a long and healthy lives.

Doing the same extra care to all our other possessions will bring us the same favorable results. Regular house cleaning will result to none purchase of unhealthy and expensive pesticides. Using your ball pen until the ink runs out will save you from buying a new one.

                                           Take care of your body.

Humans always thought that their will always be more... more space in the ocean thinking that if we pollute these small little portion it will not matter in the ocean as a whole. If we cut the trees in the forest... we thought there are still more forest somewhere. Unfortunately, these is not how things work. Although mother earth, has its own healing strategy - there are always limits to all of these.

Hence, we must be aware that there are limits to everything, having more doesn't necessarily mean better.

Taking care of all our possessions is a best wealth strategy. Doing these will lead us to accumulate more of what we already have.

However, enriching our own personal value as in individual will bring us more wealth. In my personal experience I join the Truly Rich Club of Bo Sanchez, it helps me gain financial wealth and spiritual abundance.

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 Focus on Opportunities" "Poor People Focus on Obstacles"

Donut: Rich people focus on the delicious side of the donut. Poor people sees nothing but the hole in the donut. Rich people always see opportunity in every circumstances.

The rich take responsibility for their life and act to resolve it. They belive that if worse comes to worst, they can always make their money back. Poor people always focus on obstacles they are always on the defense. Complaining why they have such a terrible life. And in any game, if you always Play defense the probability of winning is always slim.

If you want to get rich, focus on making, keeping, and investing your money. And if you want to be poor focus on spending  all of your money. Because what you focus on expands.

And to be rich always push yourself into action. Because action always beats inaction.

Source: Secrets of the Millionaire Mind  

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