Personal Finances, Investment, Savings etc..

Sinong nag-tulak?

2014-01-05T03:28:00.000-08:00

Sinong tulak?

Simula

May isang matandang mayaman na nagnanais ihanap ng mapapangasawa ang kanyang nag iisang anak na babae at upang maipamana na nya ang kanyang yaman bago sya mamatay.

Bagamat kinakabahan, desidido syang ihanap ng mapapangasawa ang kanyang anak kaya napagdesisyonan nyang maglunsad ng isang kompetisyon para sa mga kalalakihan na kung sinuman ang mananalo ay papipiliin ng isa sa mga sumusunod na gantimpala: 1 milyon pesos, 100 hektaryang lupa o pakakasalan ang kanyang nag iisang anak. Nagpagawa at nagpainprinta sya ng mga anunsyo at ipinakalat nya ito sa buong bayan.

Dumating ang araw ng kompetisyon. Maraming kalalakihan ang dumating upang sumali at lumahok sa kompetisyon. Meron matangkad, meron pandak, meron payat, merong mataba, merong gwapo at merong mas gwapo.

“Makinig ang lahat!” Sigaw ng matandang mayaman. “Ang sinuman makatatawid sa ilog na ito hangang makarating at makaahon sa kabila ay malayang makakapamili ng isa sa tatlong gantimpala” wika ng matanda.

Ang lahat ay masayang nagkukwentuhan, nagsisigawan at masiglang lumalakad habang papalapit sa gilid ng ilog upang magsipaghandang tumalon at tawirin ang nasabing ilog.

Itulak mo

Habang ang lahat ay abala sa paghahanda. “Sandali lang!”, pahabol na sigaw ng matanda. Bibigyan ko kayo ng babala na hindi basta-basta pangkaraniwang ilog ang inyong tatawirin. Maraming mababangis at delikadong mga hayop ang naninirahan sa ilog na ito kagaya ng buwaya, pirana, ahas at ibp. Kaya mag ingat ang bawat isa sa inyo.

Ang kasiglahan ng lahat ay biglang naglaho at napalitan ng katahimikan. Isa-isang nagsipag atrasan at nagkaroon ng pag-aalinlangan ang bawat kalahok. “Nakakaenganyo ang gantimpla”, wika ng isang kalahok. “pero mabuhay naman kaya tayo?”anas ng isa pang kalahok.

Habang ang lahat ay nakatayo sa gilid ng ilog at pinakikiramdaman ang bawat kilos ng isat isa. Nang may biglang tumalon, agaran lumangoy ang mga buwaya, pirana at ahas patungo sa kanyang direksyon. Kaya mabilis din syang lumangoy upang iligtas ang sarili.

Sigawan dito, sigawan doon ang mga taong nakakakita sa nangyayari. Merong sumigaw bilang pagsuporta, “Kaya mo yan! Dali! Bilisan mo”, at meron nangutya,”Sige pakamatay ka dyan, kakainin ka ng buwaya.”

Nagulantang at nabigla ang lahat nang magawa nyang makatawid at makaahon sa ilog ng maayos at ligtas. Dahil sa pangyayari, saglit na natigilan, tulala at di makapaniwalang nilapitan ng matanda ang lalaking tumanggap sa kanyang hamon.

“Magaling. Pinahanga mo ako sa iyong katapangan”,wika ng matanda. “At bilang pabuya sayong katapangan maaari ka nang pumili sa mga gantimpala”. “Alin ang gusto mong gantimpala?” Tanong ng matanda. Tahimik at di nagsasalita ang lalaki habang naghahabol pa ng kanyang paghinga.

At dahil sabik na malaman agad ang kasagutan ng lalaki. Nagtanong ulit ang matanda, “Gusto mo ba nang 1 milyon pesos?” wika ng matanda. “Hindi po!”, tugon ng lalaki.

Ah. “Gusto mo ba nang 100 hektaryang lupa?’tanong ulit ng matanda. “Hindi rin po!”, sagot ng lalaki.

“Magaling! Sa wakas nakahanap na ako ng lalaking mapapangasawa ng aking anak”, bulong ng matanda sa kanyang sarili.

Kung gayun “Gusto mo bang mapangasawa ang aking anak?”, tanong ulit ng matanda. Nabigla ang lahat sa pasigaw na sagot ng lalaki. “Hindi rin po!”.

Nabigla at nakaramdam ng pagkainsulto. Pagalit na nagsalita ang matanda, ”Ayaw mo nang 1 milyon pesos gayundin ang 100 hektaryang lupa at ngayon tinatangihan mo rin ang alok kong pakasalan ang aking anak!?” Kung gayun, “Ano ba talaga ang gusto mo!?”.

Habol hiningang nagsalita ang lalaki. “Gusto ko lang pong malaman kung sino tumulak sa akin sa ilog!”.

Wakas

Sa halip na alamin natin ang dahilan kung bakit di nya tinangap yun gantimpala. Pagtuunan natin ng pansin yun tumulak at kung bakit nya hinahanap. Sa tingin nyo, sino kaya ang nagtulak sa lalaki? Bakit nya hinahanap?

Alam nyo ba kung bakit? Mas importante kasi dun sa lalaki na malaman nya kung sino ang tumulak ~~(para pasalamatan o dili kaya’y awayin)~~. Sa kabutihan palad, ang taong nagtulak ang dahilan kung bakit sya nagtagumpay at nagawa ang inaakalang imposibleng di nya magagawa.

Maraming kalahok ang nag iisip na imposibleng makatawid sila ng buhay sa ilog pero sa kabila ng maraming hadlang at pagsubok. Ang resulta, nagawa pa rin nyang makatawid ng maayos at ligtas. Bakit? Kasi nga, may nagtulak sa kanya, at dahil dun nalaman ng lahat na pwede at possible palang tawirin ang ilog.

Kung walang nagtulak sa kanya di nya malalaman ang kakayahan at kapasidad nya. Di nya malalaman kung ano ang pwede nyang marating at ang ano pwede nyang magawa. Kung walang nagtulak sa kanya, hindi nya mapagtatagumpayan at malalampasan ang pagsubok sa kompetisyon.

Sa totoong buhay, madalas may mga pangarap at bagay na inaakala natin imposibleng gawin o imposibleng maabot pero napagtatagumpayanan natin dahil may nagtutulak satin na ituloy at gawin pa rin kahit mahirap.

Halimbawa, inakala mong di mo kayang manalo sa isang paligsahan pero nanalo ka, kasi may nagtulak sayo na magsikap. Sinasabi mong di mo kayang tumigil sa paninigarilyo pero nagawa mong itigil kasi may nagtulak sayo. Nangako kang di ka na magsisinungaling pero ginawa mo pa rin kasi may nagtulak sayo. Pinanghinaan ka ng loob na di-uunlad ang iyong negosyo pero umunlad pa rin kasi may nagtulak sayo. Imposibleng makaipon dahil lubog ka sa utang pero nagawa mong makabayad at makaipon kasi may nagtulak sayo.

Lahat tayo nangangailangan o kailangan itulak para lang mailabas ang ating kakayahan, diskarte at talento. Mahalaga lang tandaan, alam at kilala natin kung sino ang magtutulak satin. Alamin din natin kung saan dereksyon nya tayo itutulak para mahubog ang ating buhay.

Kung anuman ang kalagayan mo ngayon, malamang dahil yan sa taong hinayaan mong itulak ka. Maganda man o hindi ang resulta. Wag mo sila sisihin bagkus pasalamatan pa natin sila. Kung itinulak ka sa maling dereksyon. Suriin lang ang sarili at lugar kung san ka nahulog, naniniwala ako kayang kaya mong lampasan ang lahat ng pagsubok na kinakaharap mo ngayon. Dahil malamang sa hindi meron nang nakagawa at nakaahon ng maayos at ligtas sa kinahulogan mo. Kung nagawa nila, magagawa mo rin.

Kurot Principle

2013-09-24T04:52:00.000-07:00

Maaring may nakabasa na nito pero ninais ko na rin ibahagi dito sa blog ko para makatulong at makapagbigay inspirasyon sa aking mga kababayan. Di ako ang sumulat nito. Kaya sa umakda, maraming maraming salamat sa'yo.

Kurot Principle

Ano ‘yung Kurot Principle? Ay, ang ganda nitong Kurot Principle na ito. To better understand this, I will tell you a story of a person na balak bumili ng cellphone worth P1,000. Nagkataong mayroon siyang P100,000 na savings. Puwede ba siyang bumili ng cellphone? Puwede, kasi yung P1,000, kurot lang ‘yon sa kanyang savings.

May pangalawang taong balak bumili ng cellphone. Ang bibilhin niya ay worth P1,000 din. Mayroon siyang savings sa bangko na P1,000. Bumili siya ng cellphone. Anong tawag dun? Dakot na ‘yun! Dinakot lahat ang pera niya!

May pangatlong tao, balak bumili ng cellphone, pero walang savings. P1,000 lang naman ‘yung bibilhin niya. Bumili siya. Anong tawag ‘dun? Utang na ‘yun!

Ang tanong: ano’ng prinsipyo ang ginagamit mo sa buhay mo? Kurot, dakot, o utang?

Kurot Principle

Magtataka pa ba tayo kung bakit tayo naghihirap o baon sa utang? Ang gagaling nating dumakot! Ang gagaling nating umutang! Gusto mong yumaman? Starting today, matutong kumurot. Kapag may bibilhin, dapat kinukurot lang! Nagkakaintindihan ba tayo? Kapag ginawa mo ito, pangako, yayaman ka.

Pag-aralan nating muli ang mga pinakamayayaman sa Pilipinas, ang Chinoy. Again, bakit sila mayayaman? Ang gagaling nilang… kumurot! Tayo ang gagaling nating… dumakot! Sasampolan kita…

Pinoy vs. Chinoy Businessman

May dalawang negosyanteng nagsimula ng kanilang negosyo, isang Pinoy at isang Chinoy. Ang capital nila pareho ay P100,000. Sa unang buwan, si Pinoy, kumita ng P10,000. Ano ang iniisip bilhin? Cellphone. Si Chinoy, kumita rin ng P10,000. Ano ang gagawin niya? Idadagdag niya sa puhunan. So magkano na ngayon ang puhunan ni Chinoy? P110,000! Si Pinoy, P100,000 pa rin, pero may bago siyang cellphone. Ang ganda!

Ituloy natin. After a few months, maganda ang takbo ng negosyo. Si Pinoy kumita ng P50,000. Ang Pilipinong may P50,000, ano ang balak bilhin? Bibili siya ng home theater, DVD, at LCD TV! Si Chinoy, kumita rin ng P50,000. Anong gagawin niya? Idadagdag uli sa puhunan niya. Magkano na ang puhunan niya? P160,000 na!

A few months later pa, ang Pinoy kumita ng P150,000! Ang Pilipinong mayroong P150,000, ano ang balak bilhin? Second-hand na kotse o pang-downpayment sa bagong kotse. Ang Chinoy, may P150,000. Ano’ng gagawin niya? Idadagdag sa puhunan! Magkano na ang puhunan niya? P310,000!

Buwan-buwan, si Pinoy kumikita. Dagdag siya ng dagdag ng gamit. Magkano ang puhunan niya? P100,000! Si Chinoy, buwan-buwan kumikita. Ano ang ginagawa niya? Dagdag ng dagdag sa puhunan niya. One day, Chinoy was able to save P1 million! So ginawa niya, he approached one supplier and said, “Supplier, kung bibili ako sa‘yo ng worth P1 million, bibigyan mo ba ako ng discount?” Hulaan mo kung ano ang sasabihin ng supplier. “Of course, ang dami mong bibilhin, kaya bibigyan kita ng additional 5% discount!”

Ngunit naisip ni Chinoy, “Hindi naman yata maganda na sa akin lahat ang 5%. Ang gagawin ko, bibigyan ko ang customers ko ng 3% discount at sa akin na lang ‘yung 2%.” Ibig sabihin, bababa ang presyo ng kanyang mga ibinebentang produkto.

It just so happened na magkatabi ang tindahan ni Chinoy at ni Pinoy. Pareho sila ng mga produktong ibinebenta. Given the situation, kanino kayo bibili? Kay Chinoy, because it’s cheaper. Ano ang mangyayari sa negosyo ni Pinoy? Malulugi na. Kasi mas mahal ang kaniyang produkto. Ano ang gagawin niya? Ibebenta niya ‘yung kotseng nabili niya ng P150,000. Sino ang bibili? Siyempre, ang maraming pera, si Chinoy. Tatawaran pa ni Chinoy ang kotse ng P80,000. Dahil gipit na si Pinoy, kahit palugi ay ibebenta na rin niya. Si Chinoy ngayon ay nagkaroon ng kotse na murang-mura lang!

After a few months, mauubos din ang P80,000 ni Pinoy. Ano ang susunod na gagawin ni Pinoy? Ang home entertainment niya ay ibebenta na rin. Magkano? P20,000 na lang. Sino ang bibili? Si Chinoy. Darating ang araw na pati ang cellphone ni Pinoy ay ibebenta na niya. Magkano niya ibebenta? P2,000 na lang! Isang araw, magsasara na ang negosyo ni Pinoy. Ano ang gagawin niya? Malamang, magtatrabaho na lang siya kay Chinoy. Ito ang kuwento ng bansang Pilipinas!

Naalala mo pa ba noong araw, mas mayayaman ang mga Pinoy kaysa sa mga Chinese. Bakit nagbago? Ano ba ang problema natin? Dakot kasi tayo ng dakot! Sila, kurot lang ng kurot! Mayroon kaming naging participant before na nagsabi, “Sir, hindi naman totoo ‘yan! I know a Chinoy, he drives a BMW. That’s a P5 million car! Kurot ba ‘yun?” Malamang kurot ‘yun! Noong binili niya ‘yun, mayroon na siyang P100 million na savings! So kurot lang ‘yun! Nandiyan ka pa ba?

Isang Kahig, Isang Tuka

Saan ka makakakita ng mga taong isang kahig, isang tuka? Saan? Sa squatters area? Magtigil ka! Gusto mo’ng makakita ng mga taong isang kahig, isang-tuka? Sa Ortigas, sa Makati, may makikita ka.

What do I mean? Kapag hindi ka sumuweldo ng isang buwan, mabubuhay ba ang pamilya mo? Kung wala kang credit card, kung mawalan ka ng trabaho ngayon, ilang araw ang aabutin para mabuhay ng matino ang pamilya mo? Kapag nawalan ka ng suweldo, patay ka!

Ang mga Chinoy, kahit hindi muna kumita o magnegosyo, mabubuhay ng maganda. Bakit po? Kasi many years ago, kumahig sila ng kumahig at tumuka lang konti. Kaya marami sa kanila ngayon, tuka na lang ng tuka. Maraming Pinoy, kapag hindi tayo kumahig, wala tayong tutukain.

Ito ang masakit–sometimes, kahit matanda na tayo, kahig pa rin tayo ng kahig. Gaano karaming Pilipino ang 60 years old na ay trabaho pa rin ng trabaho? Puwede ba, simula ngayon, kumahig ka nang kumahig at iwasan munang tumuka. I-deprive ang sarili ng kaunti.

Ang pinakamasakit sa lahat ay ito–one day, you want to work, but you cannot work. You are already old. Why? Nagpakasasa ka kasi noong bata ka pa. Inubos mo na lahat ng lakas at kalusugan mo sa bisyo.

Tanong: Masama ba’ng bumili ng mahal? Sagot: Hindi! Basta kinukurot lang! Kapag nakakita ka ng kasamahan mong naka-Nike shoes, huwag mong husgahan kaagad iyong tao! Malay mo, kinurot lang niya iyon. At the end of the day, what is happening to other people is not important. What’s more important is what is happening to you.

The Bible says in 1 Thessalonians 4:11, “Make it your ambition to lead a quiet life. You should mind your own business and work with your hands, just as we told you.”

(Excerpted from Vic and Avelynn Garcia’s book entitled Kontento Ka Na Ba Sa KaPERAhan Mo? available in National Bookstore, Powerbooks, Fullybooked, OMF and other leading bookstores nationwide. Also available in Unleash International Bookstore. For details, please contact 0922-UNLEASH (8653274) or 664-0892, 632-0148 local 8002-8003.)

Source:

http://cbnasia.org/home/2013/04/kurot-principle/

Bad News: Yikes, Our Depressed Stock Market Fell Even Lower!

2013-08-08T05:05:00.000-07:00

Bad News: Yikes, Our Depressed Stock Market Fell Even Lower!

Bad news, right? This “bad news” is actually SWEET MUSIC to the ears of long-term investors like myself and my TrulyRichClub Members.

Why sweet? Because a depressed Stock Market is similar to a mall-wide “midnight sale” where all the fantastic Stocks are selling at insane cheap prices. If you’re still thinking of getting into the Stock Market, now is the time to jump in.

But before I tell you why I believe this is the best time to invest, let me reintroduce myself to some people who may not know me…

My Maid Has P541,271

I’m the crazy guy who taught my maids to invest in the Stock Market. (I was the one who wrote the bestselling book, My Maid Invests In the Stock Market And Why You Should Too.) Today, one of my maids has P333,289 in her Stock Market investments. My other maid—the one who I promoted as my bookkeeper two years ago—has now P541,271.

NOTE: Before the Stock Market crashed a few months ago, she already had P600T+. So she should be very sad, right? Nope, she’s not. She’s fully indoctrinated with our long-term investment strategy at the TrulyRichClub. She knows this “paper loss” is very temporary.

They Will Retire Multimillionaires

This morning, I just told her, “If you keep this up, you’ll reach your first million in 4 years.” Boy, I’m waiting for that day. So I can tell everyone with pride, “My maid is a millionaire!” Confession: I’ve brainwashed my maids. I’ve also brainwashed my 100+ employees working in my businesses and ministries—because almost all of them are invested in the Stock Market. Janitors. Clerks. Messengers. Managers. They will all retire multimillionaires. Very cool.

I’ve taught them to think the way I think. Even when the Stock Market is crashing around them, and it seems that the value of their investments are going down, they’re happy.

Let me explain…

Why You Should Be Happy When There’s a Crisis

The US and Europe’s economies are picking up. So foreign funds sold their shares here in the Philippines and transferred their money back to the US and Europe.

So the Philippine Stock Market went down. Note: There’s nothing wrong with our country’s giant corporations. They’re earning well and will earn even more this year and next year.

But because of what’s happening in the US and Europe, our Stock Market is being pulled down.

But this downward and sideways movement in the Philippine Stock Market will not last. Soon, it’ll rise up again. So while it’s cheap, long-term investors are buying Stocks every month. To my maids, this is good news. And to my thousands of TrulyRichClub Members, this is good news.

Why? Because for the next few months, we’ll all be buying great companies at cheap, discounted prices. By the way, I don’t try to guess where the “bottom” is. Because I teach people to buy monthly small amounts of shares, it doesn’t matter. We just keep buying at discounted prices.

This Is The Best Time To Start Investing!

Don’t wait. There’s never been a better time to start investing than during a depressed market like this. I can hear your doubts. “But Bo, I don’t know anything about the Stock Market.” That’s okay. I can help you.

Join my TrulyRichClub, and I’ll give you a step-by-step procedure on how to invest in the Stock Market. I’ll teach you how to open an online brokers account. And I’ll also send you my Stocks Update, telling you what Stocks I buy and sell.

Get guidance. Join my TrulyRichClub.

To join, log on at www.TrulyRichClub.com now!

May your dreams come true,

Bo Sanchez

PS. Don’t Miss This Window Of Opportunity When The Stocks Are Low. To know more about the TrulyRichClub, click the link below:

Yes Bo, teach me how to grow my money!

Tell me more about the TrulyRichClub

4 Types of Business; Which One Is for You?

2013-07-26T02:22:00.002-07:00

Share ko na lang itong mga nababasa ko.. Sa ngayon wala ako maisip na isulat..

4 Types of Business; Which One Is for You?

I was 35 years old. Three years into my married life. I was ready to start my first food business—a squidball food cart franchise. The franchise fee was P250,000. Saying a prayer, I withdrew my hard-earned money from the bank and plunked it down for my entrepreneurial dream.

I parked the squidball cart near a drugstore, hired two workers, and felt wonderful when the first sale was made. It was an exhilarating feeling owning something!

FishBall

Even before I could find out if my food cart was profitable, I wanted to put up another business. I couldn’t help it. Once the entrepreneurial bug bit me, I couldn’t stop. So I bought a hotdog stand and an ice cream scooper cart for P500,000, rented two stalls in a foodcourt in a new mall and hired more workers.

But as the days went by, I was alarmed that my daily expenses were bigger than my daily sales. I began to panic. The longer I operated, the more I lost money. I felt devastated. After six months, I had to face the music. I closed them down before I lost all my money. Years later, I realized I went into business with my eyes closed. In other words, I didn’t know what I was getting into.

I also didn’t know that there were four kinds of businesses. A retail business was just one of them. No one told me! (But that’s because I didn’t ask. I entered into business without seeking wisdom.)

There are 4 kinds of businesses:

1.Retail Business

2.Service Business

3.Distribution Business

4.Manufacturing Business

I’ll discuss it one by one. Find out which one is for you…

1. Retail Business

A restaurant is a retail business. A bookstore, water station, beauty parlor, drugstore, school supplies store, and a gasoline station are all retail businesses.

A retail business seems like fun. But in reality, it’s like a glorified job. It’s glorified because your job title is “Owner”. It feels good to be the Owner. But many times, you’re tied down to your physical store, sometimes every day. Your job title sounds nice: “Owner/General Manager/CEO/President.” But your job description is “Driver, Delivery Boy, Messenger, Collector, Janitor, Waiter, Dishwasher, Salesperson, Purchaser, and All Around-Slave.”

Retail Business

Obviously, you can hire people for these tasks. But even this is not easy. Hiring, training, and managing staff is a skill that you need to learn. Quickly. And I must remind you. In any retail business, it’s all about location. If you choose a bad location, say goodbye to your money.

Sometimes, you chose a great location, but the city decides to repair your street for six months. While jackhammers pound away at the road and clouds of dust swirl around your store, customers shy away. But you still have to pay for the rent, utilities, salaries…

Here’s the truth: Usually, a retail business can give you income but not wealth. It’s very difficult to become rich in retail. Unless you SHIFT to retailing in multiple locations. Such as putting up 10, or 20, or 50 or 100 stores or 1000 stores. But when you do that, you’re no longer in retail. Your focus is now in the marketing, distribution, and wholesale business. (More on this later.)

My friend and fellow-preacher Obet Cabrillas and his wife Joie love to put up small businesses. So far, they’ve put up a laundry service, a beauty parlor, a drug store, and a pizza stand. I’m amazed by this couple’s hard work. Unlike me, Joie has done a better job managing these small businesses—and all of their small businesses have been earning money. Not a lot. But steady. It won’t make them a fortune. But it’s enough to make them a living.

I’m sure Obet’s earnings as a corporate speaker will be bigger than all the profits from his small retail businesses.

Which brings me to the second kind of business…

2. Service

I encourage our Feast Builders to be entrepreneurs. (For those who are new to my writings: The Feast is our weekly prayer gathering at my spiritual family called Light of Jesus. And Builders are those who lead and preach at these Feasts.) So that when they preach, they can share from their experiences. A business makes their feet grounded in real life. A business also gives them practical wisdom to lead their Feasts.

Service Business

Obviously, because of their fantastic ability to speak, most of them are corporate speakers. And they do an excellent job doing that. Without a doubt, I dare say that we’ve got the best team of Corporate Speakers in the country.

We achieve two goals. First, they impact companies with God’s love in non-religious places; second, they earn additional income—which means they can serve their Feast with greater abandon.

A corporate speaker is a service business. A doctor, lawyer, and dentist are all service businesses. A carpenter, plumber, electrician, landscape artist, events planner, accountant, and executive coach are all service businesses.

But at the end of the day, unless you SHIFT your service business, you won’t get rich. Why? Because in the service business, you exchange your time for money. Believe me, you’ll never get seriously rich exchanging your time for money. Not all lawyers, doctors, and dentists are rich. The average lawyer earns P575,000 per year. The average doctor earns P355,000 per year. The average dentist earns P195,000/year.

What SHIFT am I talking about? As your business grows, you need to hire other great people to work for you. You no longer do all the services (as doctor, lawyer, accountant, speaker…), but focus on getting new customers for the people you hire. The moment you STOP exchanging time for money, that’s when you can become seriously rich.

Which brings me to the third kind of business…

3. Distribution

My corporate seminars business is a distribution business. Why? Because 95 percent of our seminars are now given by other great speakers. (My ministry work prevents me from accepting many corporate seminars.) Most of my work is really marketing our seminars to companies.

Bangus

Let me give you another example.

My fellow-preacher Pio Espanol distributes bangus products. His friend in Dagupan delivers all the products to him. Once upon a time, Pio had a little bangus store in Marikina. He rented commercial space, bought a huge freezer, hired one saleslady, and sold bangus products to walk-in customers. It did okay. Not great. Just okay.

Well, that store is closed. And Pio is richer. Why? Because Pio has decided to distribute the bangus products to other distributors, supermarkets, and restaurant chains all over Metro Manila and beyond. Instead of selling piece-by-piece to individual customers in Marikina City, he now ships his bangus “wholesale” to distributors as far as Davao and Singapore!

And the great thing about this? He doesn’t need to rent commercial space. He operates his entire business from his own home.

That’s the power of distribution. As you can see, I prefer a distribution business over a retail business. Running a restaurant or a beauty parlor is a romantic idea.

Running a boutique store or a bookstore is a very charming idea. But in reality, it’s a lot of work with meager returns. (There are exceptions.)

When people think of starting a business, very few people think of distribution. Because it’s not very obvious. All we see are retail stores. We don’t see the distribution network behind those stores.

I’m challenging you now to LOOK at those distribution networks. Ride one of them. Create them!

Other examples:

An MLM or multilevel company is a distribution business. You’re not only selling products, you’re recruiting distributors. A franchisee is in a retail business. But a franchisor is in a distribution business. Obviously, you cannot be a franchisor if you don’t first build a number of successful retail stores.

An insurance agent is in a retail business. But an agency owner is in a distribution business. Again, it’s quite impossible for an agency owner to be one without first being a great sales person.

In other words, retail can be a great stepping stone to distribution.

4. Manufacturing

Normally, manufacturing is highly capital intensive. In plain English, your pockets are deep and they’re overflowing with cash.

Titanium Member Ronnie Siasoyco is the biggest distributor of electric meters in the country outside Meralco. He imports electric meters and lightbulbs from China, but slowly, he’s biting into the manufacturing process by creating his quality control laboratory here—so that all his electric meters have excellent quality.

Titanium Member Junie Toreja builds roads. Sometimes, he has 300 road projects happening at the same time. Recently, he bought his own asphalt plant for P150 million—so that he can be sure of his supply of raw material for his projects.

I repeat: You need a lot of money to get into manufacturing. Unless of course you’re in my business: Wisdom-Giving. An infopreneur is in the manufacturing business, but because his product is non-tangible, it doesn’t cost a lot of money.

Especially because of the internet. For example, imagine an author who writes his ideas on his computer, creates an eBook, publishes it over the internet, and sells it to the world using Amazon and other websites. If you notice, this author is in the retail, distribution, and manufacturing business at the same time. The great thing about it? No inventory necessary. No warehousing necessary. No delivery trucks necessary. No big manpower requirement necessary. No high capital necessary.

As you can tell, I’m very biased. But with this broader perspective, I hope you can think deeper about what’s the best business for you.

Source: Wrote by Bo Sanchez, EntrepCircle, TrulyRichClub Wealthstrategy

P.S.

Two years ago, I joined the TrulyRichClub. It was one of the best decisions of my life. Founded by Bo Sanchez, its purpose is to “help good people become rich”.Because of the guidance I get from the Club, I’m now investing in the Stock Market (and mutual funds, bonds, UITF’s) each month! It’s amazing how I’m personally growing in my finances.

I’m inviting you to join the Club too.

If you’re interested, then join the TrulyRichClub NOW!

Confession of a Salesman "New Business Owners Can Delegate Everything Else Except Marketing"

2013-06-21T06:36:00.000-07:00

Confession of a Salesman "New Business Owners Can Delegate Everything Else Except Marketing"

By Bo Sanchez

I’m a salesman. There, I said it. That’s VERY difficult to blurt out. Because “salesman” is a curse word in some sectors of society. In the Top 10 list of Most Shameful Professions in the World, “salesman” is next to “prostitute”. Which is very sad. For more than 30 years, I’ve been a missionary.

salesperson

And a missionary is a Salesman for God. So for decades, I’ve had great practice. And I found it very easy to “sell” God. Because there was no self interest. Once people “bought” my fantastic “product”, the customer just thanks me. I didn’t get paid.

But when I became an entrepreneur (selling herbal products), the money part of the transaction gave me the creeps. I was going to get paid! And so I was imagining that each of my customers was asking (silently), “Hmm, do you REALLY love me or do you just want to earn a quick buck?”

At the TrulyRichClub, I’m teaching you now that your answer to your customer SHOULD always be, “I love you. I really do. And yes, I will earn a buck in this transaction. So that I can feed my family, tithe to the ministry, and give to the poor. And a part of the buck I earn will still serve you, because it will go to developing better products that will serve you more (Also called R&D or Research and Development).”

Selling SHOULD Be Your Number #1 Skill!

When I think about it, 99 percent of all the successful entrepreneurs I know are fantastic sales people. They sell day in and day out. Before they are manufacturers, or inventors, or artists, or accountants, or managers— they are SALES PEOPLE first and foremost!

Years ago, I still had time to say “yes” to schools who invited me to be their graduation speaker. After the event, when those young, wet-behind-the-ears, fresh college grads (still wearing their togas) tell me they want to be entrepreneurs, I always tell them, “Get a sales job first! Even just for a year.” When they hear that, they wince. Some of them are revolted by the idea.

But that’s how I started as an entrepreneur. My one-year experience selling herbal products for an MLM company made me learn the psychology of selling products. I’ve moved out of that business a long time ago, but I’m VERY grateful for the experience of selling house-to-house, face-to-face, and belly to-belly. Today, my salesletters are DYNAMITE because I learned how to sell person-to-person.

Great Entrepreneurship Sell, Sell, Sell!

Especially if your business is brand new, you can delegate everything else—but NOT marketing. If you’re the CEO, you should be the Number One Sales Person in your company. (Businesses that collapse because of lack of sales simply means the business owner didn’t know how to sell. Which is a CAPITAL SIN in Entrepreneurship. If you want to become an entrepreneur, you’ve got to be a sales person!)

I like what Marketing Guru Dan Kennedy said: “Frankly, if you have emotional hang-ups about sales and marketing, don’t ‘like’ it, are convinced you aren’t good at it, and refuse to hunker down and get good at it, I just don’t have much hope for you when it comes to wealth attraction.”

In other words, you’ve got to be…

Will You be Ashamed Or Will You Be Shameless?

I’m not only a salesman. I’m a Shameless Promoter. My critics call me such. Why? They complain that I’m always selling stuff to people. In almost every email I send, I’m peddling something.

Today, it’s a health seminar. Tomorrow, it’s a book. The next day, it’s an opportunity to donate to a ministry. The following day, an invitation to join the TrulyRichClub. Etcetera.

Yes, I’m shameless. REASON: Because I will never be ashamed of HELPING PEOPLE. I sell my GREAT PRODUCTS. My products will bless my customers, elevate their lives, and transform their destinies! My gosh.

Why in the world will I be ashamed of that? In fact, it’s the other way around: I should be ASHAMED of myself if I don’t use all my guns to sell my great products to my customers. Shame on me for being so selfish and lazy—if I know that my products will bless them—massively!

Be Shameless by not Being Shameless

Actually, I’m not talking about being shamelessly loud, pushy, and obnoxious. That’s NOT what I mean. (I’m not like that.) By shameless, I mean “quietly persistent” in selling—no matter how many rejections you get.

That’s the story of Mark Victory Hansen and Jack Canfield, creators of the book, Chicken Soup for the Soul. Oh, these two are INCURABLE shameless self-promoters.

After they put together their book, Chicken Soup for the Soul, they went to New York to look for a publisher. But in that city, they were rejected by 33 publishers. Finally, their agent said,

“Sorry, but this book isn’t going to sell.” But the two partners never gave up. They went to California with backpacks full of manuscripts of their book to look for a publisher there. But it happened there again—they were turned down by 134 publishers!

But talk about being shameless. They still never gave up! One day, a little publisher read their manuscript and agreed to publish their book. The two authors asked 100 friends to sell 100 copies of the book—so they could sell their first 10,000 copies. And they promised to do five things EVERY DAY to promote the book.

Result? In 18 months, Chicken Soup for the Soul became a bestseller. Today, 19 years later, they have sold $2 billion for the entire series plus merchandise. So far, they’ve sold 112 million copies of all their books.

Big Question for Today

Do you want your business to be very profitable this year? Then let me ask you this question: Who is your MAIN SALES PERSON? Who is the guy that gets the best clients? Who is the guy that nails the biggest orders? Who is the guy that seals the longest-term contracts?

If you’re the OWNER of the business, and your business is NEW, then I hope the answer to that question is the good lookin’ guy or gal you see in the bathroom mirror every morning.

Promote Yourself or Your Product DAILY Hang this sign on your wall: “Do something every day to promote yourself.” It’s so easy to forget this very important job when the accounting books need to be balanced, and when the computer needs to be repaired, and the packages need to be sent, and the… oh, you get the point.

Let me give you 4 “Shameless” Marketing Projects…

Marketing Project 1:

Write 6 to 12 Special Specific Offers for the Year

discount

Think in terms of seasonal “Campaigns” or “Offers” where you focus on one product in your business. Why do this? Promoting a specific product is better than promoting your entire business.

Schedule these Special Specific Offers one for every month or every two months of the year. It could be a discount or a free gift for every purchase. For each Special Offer, write a leaflet or letter. Always put urgency—either through a limited time or a limited number of products available. Because people are busy.

Even if they want your product, they’ll forget about it five minutes later. Once you have the leaflet or letter, you can distribute it by (1) mailing the leaflet to every existing customer, and ask them (nicely) to give it to their friends; (2) delivering the leaflet to offices or homes around your business; (3) Handing it out in your store; (4) and any envelop that leaves your office SHOULD have the leaflet inside; (5) post it on Facebook and email it; Be a non-stop promoter!

Marketing Project 2:

Get Free Print Publicity

Editors of newspapers and magazines are always on the lookout for good “human interest”. Next: Write a double-spaced, one page article about yourself and what you do. (If you don’t know how to write, hire a writer to do this for you.)

It’s best that it’s connected to a holiday or event, such as Valentines, Holy Week, Graduation, Summer, Christmas, etc… For example, if the article is connected to Valentines, on the right hand corner of that one page article, write the line, “To be used before Valentines Day.”

It’s so much better if you know someone inside the newsroom or editorial offices. Get to know the editors, and connect with them through friends and acquaintances. When you submit your article to their office, give them a sample of your product or a voucher of your product.

Marketing Project 3:

Guest in Radio and TV

Do the same for other media. Give your actual product or a product voucher (or a nice gift) to all radio hosts in every radio station around your city; And do the same for all TV hosts, directors, scriptwriters, production heads you know. With your product and product voucher, write a short letter telling them that just in case they need an expert on your topic of expertise, you’re willing to guest in their show.

The more interesting your character and story is, the higher chances you have for getting invited as a guest. To do this more effectively, read the next project below…

Marketing Project 4:

Create Your Own Book!

This is why I believe every entrepreneur should create an authored book. Between an entrepreneur who has written a book and another entrepreneur who hasn’t written a book—guess who will get invited in radio and TV?

If you have authored your own book, send it to the radio host or TV host or newspaper editor. In their minds, you’ll stand out. You’re not ordinary entrepreneur, you’re an expert entrepreneur.

Friend, be the most loving salesman in the world!

Source: Wrote by Bo Sanchez, TrulyRichClub, EntrepCircle Wealthstrategy

Manage Change to Grow Your Business

2013-06-20T00:36:00.000-07:00

Manage Change to Grow Your Business

By Dean Pax Lapid

The October month was quite hectic. There was the Cebu Youth Summit, Dos Palmas Wealth Circle, AFFI convention, AIM Alumni Board meeting, Shell Club 15 Retirees event, and, of course, my 55th birthday celebration.

Adding to my activity was my youngest son creating a Facebook account that I now regularly visit to check, add friends, post pictures, reply with quick messages and upload nuggets of business wisdom for long-time and new friends.

During the Dos Palmas event of the Wealth Circle, Bro. Bo invited me to specially write a newsletter for existing entrepreneurs who would either like to grow or harvest their business or would want to extend their business legacy to the next generation.

After my plenary talk during the 11th AFFI Convention (Galing ng Pinoy) held at World Trade Center, a couple took the opportunity to consult with me regarding their business.

“Dean Pax, we are in the garments/sports apparel business and we would like you to help us in our problem. We would like to find out if we could franchise this business to eventually grow what we started,” they said.

I was excited because I could see the passion in the eyes of the business couple. I was also excited that early in their business life, they want to strategize for growth. Innocently I asked a simple question, “How long have you had the apparel business?”

To my surprise, they have been running it for the past 10 years! Wow, I now understand their PROBLEM. They have not grown beyond infancy and the business was coming into infant mortality because of Chinese apparel competition.

In my entrep lectures, I tell the audience that business has five rings:

ring

1.Courting the idea= engagement ring

2.Initiating the idea into business = wedding ring

3.Into the early stages of the business = suffering

4.Coping with the struggles = enduring

5.Coming into prime of the business = God’s offering

Why Some Businesses Do Not Grow Despite Their Operational Age

The coming into prime of any business is not a function of the number of years of business existence. I have seen many businesses that are 10-15 years old but have not gone beyond the activities at start-up. This is especially true for family ventures where the founder-entrepreneur has not given up control of his ‘baby’. Or the founder has stopped being entrepreneurial for fear of failure or added responsibility.

Let me tell you first a story:

Once upon a time, there were two hunters who went for a safari in South Africa. As they were resting under a banyan tree after a long hunting day, they saw a lion approaching them with its wild roar. One of the hunters started putting on his running shoes. “Hey, you cannot outrun the lion, said the other hunter.

I’m nottrying to outrun the lion,” the first hunter replied. “All I need to do is outrun you!” Let me quote from Charles Darwin: “It is not the strongest of the species that survive, or the most intelligent, but the one most responsive to change.”

(Forgive me, I’m now in the Dean Mode as I share with you a short portion from my PhD core paper about change.)

Internal and External Pressures That Change a Business

Businesses become altered or different in one way or another due to forces from the environment or forces from within the organization. Some external pressures can be: 1) technology and the Internet, 2) global economy and diminishing boundaries to trade, 3) demanding consumers, 4) climate change, 5) knowledge economy, and 6) increasing emphasis on employee diversity, mobility, and work-life balance.

Internally, organizations face pressures from: 1) increased costs of production and marketing, 2) diminishing profitability/shareholder return, 3) competition for the right resources (human resources and operational), 4) new and radical competition, 5) government and regulations, and 6) new technologies.

The challenge for any business is to be able to balance and address these internal and external forces in a manner that allows the organization to survive and grow. Some ventures are just in the survival mode, hence still in start-up mode despite more than 10 years in operation (just like the apparel couple).

As entrepreneurs, we need to manage change within our respective organizations and the market that we choose to compete in. Change can be seen as either problems or opportunities. This is similar to the Chinese character of CRISIS = wei-chi/ wei-ji ( wei= danger/fear, jihui= opportunity.) Changes within your macro (country, region) and micro environment (industry) plus within your business organization give rise to problems and/or opportunities.

As long as you are living, there is change; as long as there is change, there will be problems and opportunities!

When Does Change Happen?

Change occurs when this balance is disrupted. There are two ways that the status quo can be disrupted — through positive change or negative change:

When entrepreneurs (intrapreneurs is my term for company executives) believe their capabilities exceed a challenge, they generally feel positive because the outcome is not only desirable but expected (just like in a wife’s pregnancy.) We are attracted to situations that are familiar to us because they allow us the feeling of being in control.

When the opposite is true, people feel negative not only because the outcome is undesirable, but also because it lacks predictability. We feel uncomfortable when facing situations filled with the unknown because of the loss of predictability.

Time to Work on Your Business

Scan the CHANGE QUESTIONS to determine the CURRENT STATE of your business (Full excerpts from ‘New Venture Creation’ 4th Ed J.A.Timmons, Irwin Publisher p.577-78)

Start-up and Survival (typical 0-3 yrs.)

- Are the founders vying for the decision role (lead) or insist on equality in all decisions among partners?

- Is the company a one-product company with no encore in sight?

*(OD stands for Organizational Development, Environ=Environment)

- Is the company facing a ‘cash crunch’ early as a result of not having a business plan/financial plan?- Are the economic benefits and payback being achieved on time? (Two critical questions)

- Are founders preparing for managing rather than doing?

Early Growth (typical 4-10 yrs.)

- Have the owners begun to delegate and let go of critical decisions or do they still maintain veto power?

- Is the mindset still operational (managing same product with same customers) or has It shifted to being strategic (new products into new territories, new platforms or alliances)?

- Are gross margins beginning to erode?

- Are the accounting systems and information systems keeping pace with growth or being there when they need it for strategic decisions?

Harvest/Stability (typical 15 plus yrs.)

- Are mechanisms in place to provide for management succession (especially for family business)?

- Have the partners’ personal and financial goals and priorities begun to conflict and diverge?

- Has there been an erosion of the passion for creating value through recognition and pursuit of opportunity?

- Is there a spirit of innovation and renewal in the firm?

- Has the core economics and durability of the opportunity eroded?

Final Word

YES, business has its seasons, like our lives. You need to treat your business as a living organism and manage the change in order to grow.

Business has its springtime, when we begin new ideas and look excitedly toward the venture’s future. Summer comes and we work diligently in the heat of business that we have established.

With autumn comes the result of hard work begun at an earlier time in our business life. Winter brings an end in the form of harvest or closure. If we remain faithful to our calling as entrepreneurs then even after harvest or closure, another spring is around the corner.

“To everything there is a season, a time for every purpose under heaven” (Ecclesiastes 3:1). May God always prosper you, your families and especially your business!

Source: Wrote by Dean Pax Lapid, EntrepCircle TrulyRichClub

What Should You Do When Your Dreams Are bigger Than Your Resources?

2013-06-19T01:30:00.000-07:00

What Should You Do When Your Dreams Are bigger Than Your Resources?

by Bo Sanchez

Are your dreams bigger than your resources? Do you dream of buying a car? But your resources can only buy a skateboard? Do you dream of going to San Francisco? But your resources can only bring you to San Francisco, Del Monte? Do you dream of becoming an NBA player? But you’re a short guy.

Your resources can only make you a NJA player (The National Jackstone Association). When your dream is bigger than your resources, you have two options…

Option 1: You could adjust your dream to match your resources.

Option 2: You could adjust your resources to match your dream.

How will you know which option to choose?

The “Be poor, be small, be quiet, don’t-be-seen-or-heard, be humble” preachers will tell you to ALWAYS choose Option 1. “Lower your dreams!” they will tell you, “Shucks, don’t even dream! Just accept what happens as your fate.”

On the other extreme, the Positive Thinking movement, Prosperity Gospel preachers, and Ra-ra-ra motivational speakers will tell you to ALWAYS choose Option 2. “Don’t ever lower your dreams! Go for it!”

You probably think that I lean towards this, and you’re absolutely right, but I balance this emphasis with a huge dose of DISCERNMENT. This is the key to know which option to choose. After years of working on my dreams, I’ve noticed that my dreams can come from two sources. They can come from my Purpose. Or they can come from my Pride.

Here’s the deciding issue: If my dream comes from Pride, I take Option 1—I adjust my dream to match my resources; if my dream comes from my purpose, I take Option 2—I adjust my resources to match my dream.

Let me explain…

1. If Your Dream Comes from Pride

One day, I was with a friend. I was shocked to find out he wanted to buy a P12 million condo. “But you already own a nice condo…” I told him. It was true. He was living in a lovely 2 bedroom condo worth P4.5 million.

Like everyone else, he was paying the monthly amortization, sometimes with great difficulty. “Yes, it’s nice. But I want something bigger.” “But can you afford the monthly payments?” I asked.

“Well… uh, right now, it’s gonna be a stretch,” he said, “But I know myself. I work best under pressure. I don’t work as hard unless I’ve got big debts hanging over my head like a giant axe, ready to slice off my head. I know that if I buy that P12 million condo, it’ll pressure me to find a way to increase my income. Besides, isn’t this what you teach? That God will provide?”

I cringed when I heard him say, “God will provide”. Let me tell you why: Because I knew the man in front of me. I knew his story. I knew that he was under a mountain of debt that he hasn’t been able to pay on time. Collectors were hounding him. I also knew that this desperate need for expensive trappings was only an anesthesia for a deep childhood wound. He wants the symbols of big success on the outside because he feels like a big failure on the inside.

I knew that if there’s one thing that God wants to provide him, it wasn’t material things but inner healing…

My Beautiful Little Palace

Please don’t get me wrong. God wants us to have some material things. Let me shock you: I believe God provides for our needs and, surprisingly, even for our “silly” wants. It’s okay to have wants.

It’s okay to dream for better stuff. But always ask yourself, “Where does this dream come from? Does it come from pride or purpose?”

To this day, my wife and I live in a tiny house. And we love it. My favorite mother-in-law gave us an 80-square-meter property in the same subdivision where they lived. (I’m sure it was given with ulterior motives, so that they could see their future grandchildren regularly. We’re not complaining. We love the fact that our kids can see their grandparents every day.)

We had very little money then but we were able to borrow some money from that same favorite mother-in-law. And we were able to eke out the rest of the amount needed to build the house. Month after month, God provided. And after one long year (that’s what happens when you have very little money), we finished building our small house for P1.2 million.

Today, after 14 years of working on my small businesses, I now have some money. After much failures, I’ve been tasting success. Recently, my wife and I felt an itch. Have you noticed? When you have money, it’s hot in your hands. You want to spend it. (That’s why I strongly suggest you learn the two habits of tithing and investing—so you get it out of your hands.) My wife and I looked around at our old house and we wanted to live in a better house.

Like the ones we saw in thick design and architectural magazines. With the pictures of gigantic houses that make you drool over their glossy pages. We felt the temptation to climb up. To move higher. After all, we had some money. Was it time to move to a nice subdivision and build a P20 million or P30 million house? Our friends were doing it.

But that would mean getting into debt and paying through our nose. So we asked ourselves, “Where did that dream come from? Did it come from pride or purpose?”

After discerning, my wife and I decided to lower our dream to match our resources. So instead of buying a new house worth P20 million, we got a great interior designer and renovated our old house. How much did we spend? P1 million. Today, our house is very pretty. It’s still small. Because we adjusted our dream to match our resources, and we incurred no debt.

We can sleep at night like a babe snuggled in her mother’s arms. And we’re able to give so much more to ministry. And we’re able to invest our money and make it grow even more.

It’s the same story with my car…

My Luxury Car

luxury car

I had a dream of owning a luxury car. I wanted a smoother ride so I could work at the backseat of the car—while my driver maneuvered the traffic. (People wonder why I’m able to churn out books and articles like a machine; one of my little secrets: I write on my laptop during traffic.)

I must admit, this luxury car thing wasn’t a need. It was a want. But as I said, I believe that God is such a good God, He provides for our silly wants. At about that same time, my friend bought a brand new luxury European car worth P8 million. When we met, he told me, “You should buy one too, Bo. It has the perfect ride.”

I smiled. I realized I could—if I really wanted to. But I was much wiser than this. As my friend Junie says, it’s enough satisfaction for me that I can look at a really expensive brand new car, slide my finger over its hood and feel how shiny and smooth it is, and say with a shrug, “I can buy this… but I won’t.”

Instead, I searched the internet for a second-hand luxury car. Not European, but Japanese. And I found one. It was four years old. Total Cost? P600,000. I visited it, took it for a spin, and loved the ride. I wrote a check and drove it home, the proud owner of a luxury car.

Sure, my friend’s brand new car will get more glances wherever he goes. More oohs and ahhs. (Something I’m totally not looking for—I just wanted the smoother ride.)

But here’s the difference. My friend today is swimming in an ocean of debt. He’ll be paddling water for five years. Me? I own my car free without a single worry. (I realize I have enough stress from my businesses and ministries. I don’t need to add to it.)

After more than a year, I’m still using my luxury car and loving every minute of it. Because luxury cars last longer, I plan to use it for many more years. Heck, I realized I’m saving money. What did I do? I adjusted my dream to match my resources. But friend, it’s very different when your dream comes from your purpose…

2. If Your Dream Comes from Purpose

If you know that your dream comes from a God-ordained, God crafted, and God-empowered purpose, then pursue it with all your heart—even if you know your resources are lacking. Five years ago, we dreamt of holding the Feast in PICC. I saw this in my mind. I imagined it. I prayed for it. But believe me, the dream was bigger than our resources.

At that time, we only had one Feast, and it was in Valle Verde. The weekly rent was P75,000. All of a sudden, if we moved to PICC, the weekly rent would jump to P250,000. Where in the world will we get the money? Not only that, I wanted to retain a Feast in Valle Verde. So we’d still be paying the P75,000 rent in Valle Verde PLUS the P250,000 in PICC.

To complicate the problem, we also wanted to build Feasts all over the world—and that needed a lot of money too. In that year alone, we wanted to build Feasts in Makati and Quezon City and Rizal and Alabang and Bulacan… etcetera!

I searched my heart and asked myself the hard question, “Does this dream—of holding a Feast in PICC—come from pride or purpose?”

After all, PICC was one of the best convention centers in the country. Really classy. But something in me was telling me that it wasn’t a matter of pride. PICC was perfect for the target market we wanted to reach for God.

Yes, our dream was bigger than our resources. But because our dream came from purpose, we didn’t adjust our dream to match our resources, instead, we adjusted our resources to match our dream.

And the rest is history. We’ve been holding the Feast in PICC for almost three years now. Because of our multiple sessions, this coming year, we’ll be spending P750,000 each week to make it happen. Not only that, we’ve also built 123 Feasts all over the world. Not only that, we’ve also partnered with 10 ministries for the poorest of the poor—and they suck money like crazy too. But God provides for His work.

A Son’s Dream

My sister has an only child—Joseph. One day, Joseph announced to his parents, “I want to be a chef!” His parents felt like they were hit by a wrecking ball.

chef

Because they know culinary schools were expensive. True enough, the specific culinary school Joseph wanted to attend would cost P500,000 a year. The dream was bigger than their resources.

Using my terminology today, they asked themselves, “Do we adjust the dream to match our resources? Or do we adjust our resources to match our son’s dream?” After praying hard about it, his parents decided to go for Joseph’s dream. My brother-inlaw worked like crazy, accepting two teaching jobs, just to raise the money. My sister worked in her businesses too and made them flourish.

For four years, they labored, praying, working, and praying some more. Today, four years later, Joseph has finished his culinary course. And two months ago, Joseph flew to France to get more training as a chef. The big dream has come true. Let me say it again: When your dream is bigger than your resources, and you believe your dream comes from purpose, don’t decrease your dream to match your resources, but increase your resources to match your dream.

Source: Wrote by Bo Sanchez, TrulyRichClub, Wealthstrategy

The story of Earl Crawley

2013-05-03T02:10:00.001-07:00

The story of Earl Crawley

This is the story of Earl Crawley, a 69-year-old of Baltimore parking. He’s been working as a parking lot attendant for around 44 years. He’s dyslexic and is earning only a little over the minimum wage for employees in Maryland, United States.

And yet, he owns a fully-paid house and a net worth of more or less $500,000. How did that happen and what he did?

Watch this short feature video on Earl Crawley to find out.

Takeaways From the Story of Earl Crawley

1. Stop working so hard and let the money work for you.

2. Save money, even if you’re on a tight budget. Make every penny count.

3. He invested small amounts regularly for many years.

4. He bought blue-chip stocks that paid dividends, and reinvested the dividends.

5. He learned how to invest in the stock market by picking the brains of experts. He was not afraid to ask for financial advice and more importantly, he acted upon what he learned.

6. He believed in the power of compound interest and buying stocks for the long haul.

Inspiring story, isn’t it?

Source:
Ready to be Rich

WEALTH SECRETS

2013-05-03T01:16:00.000-07:00

WEALTH SECRETS

by Frederick Mann

1. Find a Need in the Market and Provide Products and/or Services to Fill that Need There are very few people who feel completely satisfied - experiencing that they have everything they need and want.

Wealth Secrets

2. Increase Your Ability to Earn - LEARN! To earn more money, you may need to acquire additional knowledge and skills. You may need to improve your ability to recognize opportunities and take advantage of them. You may need to overcome your negativity and increase your personal power. You may need to increase your personal freedom and power. Every hour invested in this respect can earn you much more in the future.

3. Gain Wealth through Multiple Income Streams An advantage of this strategy is that your wealth doesn't depend upon any particular means. Even if one income stream fails, you still have the others.

4. Pay Yourself First One of the most important principles of wealth is to take at least 10% of your earnings and set it aside as your payment to yourself. This is not spending money. It's money you set aside to work for you.

This wealth secret of paying yourself first represents one side of the Most Basic Wealth Principle: Produce more than you consume.

5. Control Your Expenditures If you're like most of us, you spend all the money you earn "hand-to-mouth." It's an operating basis that keeps you stuck and prevents you from accumulating wealth - a formula for poverty! You can break out of this trap by using the strongest criteria for spending are: "Do I really need this?" and "What's the minimum I can pay to get it?"

This wealth secret of cutting your expenses to the bone represents the other side of the Most Basic Wealth Principle: Produce more than you consume.

6. Make Your Home a Profitable Investment Most people, when buying a house, first look for one that they like. Then they find out the price. Then they find out how big a mortgage they can get and how much the down payment has to be.

The more wealth-conscious do it differently. They look for a house that is appraised at, say, $200,000 that they can buy for $150,000. They get a mortgage for $190,000 and invest the $40,000 difference for a higher return than the mortgage interest rate.

7. Discover Your Deep-Seated Attitudes and Beliefs about Money and Correct Them if Necessary Many of us have limiting - even debilitating! - attitudes and beliefs about money. Some of these are culturally widespread - for example: "filthy lucre" = "money is dirty"; "money doesn't grow on trees" = "money is scarce and difficult to get"; and some people believe that "money is the root of all evil" and "you must have money to make money." Correcting your attitudes and beliefs about money is one of the most important wealth secrets.

The Importance of Investment Safety Nets

2013-04-10T07:02:00.001-07:00

The Importance of Investment Safety Nets

Volatility in the stock market is pretty normal and nobody could really time it. So continuously plant into your investment portfolio. If you are looking for the perfect timing on when to get in or out, then you are indeed gambling. Time is our greatest ally not timing, because over long term, the number of shares you have accumulated is still much more powerful than the price per share.

The Importance of Investment Safety Nets

All the ups and downs of the market will also be corrected if your investment horizon is long-term. Your goal should be to accumulate as many shares as you can, as fast as you can while you can. This is the reason why you need to set up your “Investment Safety Nets” first because during a downtrend all of the three asset categories (paper, real and business) will be priced cheaply.

Part of our financial strategy for wealth preservation and transfer is to avoid selling any shares or any of the three asset categories during times like this.

Set Up Your 2 Investment Safety Nets

Before taking any further risk in building wealth, remember always to set up 2 Investment Safety Nets:

1. Long-Term Medical Savings

Building wealth has no shortcuts so it means that we really have to deal with the uncertainties of life and at the near-end of our life, all of us will need more medical attention whatever our lifestyle is today.
In order for us to build a solid financial foundation, we need to make the right preparations because the most expensive part of our life is not sending our children to college, but sustaining our life during retirement amidst the continuously rising cost of medical expenses.

Before we allow our team members and investors to invest on mutual fund equities (90 percent stocks and 10 percent government bonds), we make sure he/she will not spend it all for his medical expenses when he/she gets old and sickly.

Why? A major medical crisis can wipe out everything that you have labored for in your lifetime if you don’t have a separate savings allocated for your long-term medical expenses. This is what happens to a lot of people who retire from their job very rich but die very poor because they consume everything that they accumulated in their entire life for their medical treatment.

Why Have Long-Term Medical Savings?

This is a part of our Financial Strategy to Wealth Preservation and Transfer. Let us not forget that the cost of medical expenses doubles every 5-7 years and considering major surgery today which will cost half a million pesos, then 30 years from now, it will already cost P4 million if it doubles every 10 years.

This long-term medical savings should be our first investment so as not to burden our children or relatives with the expenses in the future.

Again WHY Do We Need This?

During downturn of the market or correction, and worst, during recession, all asset classes (paper, real and business) will be priced negatively. In the last 20 years, the annual returns of stocks and equities has hit negative four times and two times, it hit 5 percent and lower. If your equity investment will only earn 2 percent to 5 percent per annum, then your money is not growing because our average inflation is 5 percent to 7 percent per annum. Just like what is happening with your money in the bank, it loses value year after year.

So, during these times, you can’t sell your shares of stocks and equities or any investment at a negative or losing value. What if you need the cash for a major medical treatment or surgery? Will you sell at a loss?

Financial planning means having a separate investment instrument that will cater to your medical needs so that you will not dip into you investment and only sell when the market is up or when it gives greater positive returns.

Don’t be a beggar to your own children. Be a responsible parent. Make sure to preserve your wealth for your future generations. Have sufficient long-term medical savings.

2. Income Replacement

Its sole purpose is to sustain the life of your family for at least 5-10 years without you providing for them. If you don’t want to follow the formula: Income Replacement (IR) = Annual Income x 10, then use this instead: Annual Expenses x (5-10). The bigger the better and you will have more peace of mind.

Remember that Income Replacement is not for you to enjoy. Income Replacement can be provided by a “Pure and Term Insurance” only which is much cheaper than any other bundled insurance available in the market.

If you are a corporate person, then right now you are covered with group insurance policy which you cannot take with you when you retire.

Your financial position will be much better if as early as today you can secure your family’s future and your assets.

The features and functions of a Pure and Term Insurance are:

1. Its cheaper because there is no savings portion. (Your savings will earn much more if you invest it correctly, say 12 percent to 60 percent per annum.) Quit one merienda for P30 to P50 a day and you can already protect yourself and your family with a P1 million coverage that will double if death is due to accident.

2. The major function of “Pure and Term Insurance” is Income Replacement if you die too soon without completing the wealth-building process. Your family should be able to sustain their life for the next five years even without you providing for them.

3. Why Term only? Because your insurance coverage must increase as you become wealthier, so as to protect all your assets.

4. Another function of insurance is that it can help your son and daughter pay off the needed estate tax within 90 days upon your death which is 20 percent of your total estate, to facilitate transfer of your estate to their names.

5. It’s Tax free so it’s good money for your family. Why die without value when you can die and GIVE millions of pesos for your family, loved ones or even to charitable institutions?

and lastly...

“Insurance is not about you getting or receiving. Insurance is all about you giving and loving.” Have sufficient “Pure and Term Insurance” to protect your life and all your accumulated assets.

Source: Wrote by Lyndon Malanog, TrulyRichClub Wealthstrategy

Five Reasons Most People Don’t Become Wealthy

2013-04-05T02:46:00.000-07:00

Five Reasons Most People Don’t Become Wealthy

Five Reasons Most People Don’t Become Wealthy

Estate Planning 101: Managing Your Assets Today and Even After Death

2013-04-01T07:53:00.000-07:00

Estate Planning 101: Managing Your Assets Today and Even After Death

I have been hounded lately with queries about what is estate planning (EP). After a closed door briefing with the expert in EP and my mentor, Atty. Angelo M. Cabrera, I’d like to share with you about this topic.

So What Is Estate Planning?

Estate Planning 101

Normally, regular individuals would see estate planning as the government itself (state). That’s not true at all. Allow me to expound on estate planning in this article.

Estate planning is planning your estate. (How detailed could I be, huh?!) Kidding aside, it is a process of managing your personal and financial assets to help you prepare and plan for the disposition of your properties in accordance with your wishes and in a manner that will give you and your family maximum benefit and satisfaction.

In layman’s term, Ang tama at nararapat na pag-aayos ng mga mana. Whenever this topic arises, most if not all of the Pinoys would react this way: “Wala naman akong ipamamana eh maliban sa kanilang edukasyon.” (I have nothing to give to my heirs except for their education.) “Bahala na silang mag-usap kung kanino mapupunta yan kapag wala na ako.” (It is up to my family to dispose what I have after my demise.)

The first statement shows our inability to see and understand the reality of the issue. The latter may end up seeing your family in courtroom battles over your acquired properties.

What Is Included in My Estate?

“Eh wala naman akong ipamamana eh.” (I have nothing to give in the first place.) Not really. Every earning individual has an estate to manage and protect. To name a few:

1. Assets held in your name alone or jointly with others (including bank accounts, stocks and bonds, which includes your Citiseconline account);

2. Real estate/properties;

3. Furniture, appliances and clothing (that includes the baul your great, great, great grandmother gave you on your 25th birthday);

4. Cars;

5. Jewellery;

6. Retirement accounts;

7. Payment dues such as tax refund, outstanding loan or inheritance.

The government is not taking this lightly. With Project R.I.P. (Rest in Peace) by the Bureau of Internal Revenue (BIR) headed by Commissioner Kim Jacinto-Henares, they intend to intensify assessment and maximize collection of estate tax by increasing awareness of the public on its proper payment.

A recent memorandum came from Secretary Purisima of the Department of Finance mandating BIR to set a P50 billion Estate Tax Collection before President Aquino ends his term in three years.

In addition, this will allow the legal heirs to know that after the death of a loved one, to comply with the law, they have a responsibility to pay for estate taxes corresponding to the value of the decedent’s estate.

So How Does One Compute for Estate Taxes?

Let’s say you own an estate worth P100 million (Wow, Bro! That’s a lot of money). The corresponding estate tax will amount to 19 million. The shocking reality is, it is payable only in cash. (Now that is a big amount of money indeed!).

Apart from this, your heirs will need to settle the estate taxes within six months from the date of your passing. Beyond six months, the following charges will be added on to the computed estate tax:

• Twenty five percent as late filing surcharge up to 50 percent for deliberate non-filing or fraudulent return.

• Interest rate of 20 percent per annum for continued non-payment.

As you see, the longer you are unable to settle your estate taxes, you effectively diminish the size of the estate you have worked for.

So What Are Your Options?

Let me mention some ways on how to settle the estate tax.

1. Liquidate the property.

Given that we have to settle it within six months, we have to sell our properties such as real estate below the market value.

2. Borrow money at interest.

Borrowing large sums of money in such a short period of time will put the borrower in a difficult position, opening the possibility of paying higher rates.

3. Donate or sell property.

Accountants and lawyers would recommend either of the two, donate or sell.

a. Donating the properties before demise will subject us to another form of tax, the donor’s tax. It will bring down your tax to 15 percent.

b. Selling your estate will bring down the tax (also known as capital gains tax and the most widely used) to 6 percent. The effect of transferring properties during your lifetime is the loss of ownership, control and possible possession of the assets.

4. Create a new estate.

The best way to settle estate tax without giving up ownership and control is by creating a new estate that will produce the cash needed to settle the obligation at the precise time.

“What Can I Do While Still Alive so That I Can Plan Well for the Estate That I Will Leave Behind?”

First, you have to create a new estate to pay your dues to the government. To do so, you have to get a good insurance policy, which will salvage your hard-earned properties.

Next, write a last will and testament. You need a pen, paper and good lawyer to help you with this.I am just scratching the tip of the topic with this one. In fact, there are numerous topics that were not tackled like incorporation, co-ownership, income tax and other related issues, due to limited time and space. Again, being informed about this reality is in itself a key to financial freedom.

As the old saying goes, “There are only two things that we cannot escape in our lifetime: death and taxes.” Might as well, face death paying your dues the righteous way.

Source: Wrote By Pao Antonio, TrulyRichClub Wealthstrategy

ARE YOU LEGAL?

2013-03-29T00:31:00.001-07:00

ARE YOU LEGAL?

Every year since I retired from the corporate world, I set up a business for myself or help set up businesses for others especially my student entreps and mentees. Currently, I’m teaching at the Makati Medical College. Who? Senior nursing students who I believe will have a challenge finding nursing jobs by the time they graduate this April 2013.

Registered Business Name

Whether in undergraduate programs, Master’s degree at the Asian Institute of Management (AIM), or weekend entrep courses with Bro. Bo (under Beacon Light Events), the standards to teach entrepreneurship are the same: it is not just theory but rather execution!

As part of my ‘Venture into Entrep’ subject, the requirements for a GOOD EXECUTION (not passing grade only) are two things:

a. Business plan with napkin economics (10 page summary of the venture);

b. Business registration (actual certificate of DTI registration).

Why Do I Need to Be Legal?

The best way of looking at this requirement is to consider that your business is your newborn child. Any parent would be proud of his/her child and would definitely want togive the child a name, a birth certificate from the City Hall, and a baptismal certificate (for Catholics) from the local parish. No parent would want his or her child to be illegitimate or be taken by someone else other than the real parent. Right?

In a business set-up, we don’t want our business to be illegitimate – Bawal ang kabit! (As a cable company advertisement would say) or be taken over by someone else (private or government) in the future.

If Any of These Situations Happen, Then You Need to Be Legally Registered:

• Will you rent a space other than your own house?

• Will you have a signboard or tarp outside your business place (home or rented space)?

• Will you allow customers to enter your business place?

• Will you want to grow your business and bid for government or corporate accounts?

• Will you in the future, need a business loan from a bank or financial institution?

• Will you in the near future need partners other than your immediate relatives to fund any business expansion?

Caution to Online Entrepreneurs: The BIR will start to do tax mapping for Internet businesses this 2013.

To be Legal Is Easy!

You can either do the manual and traditional way (BTRCP Form 16A 2011 edition), or the virtual way via the website of DTI (http://www.bnrs.dti.gov.ph/web/guest/registration).

Let me highlight what’s in the BNRS (Business Name Registration System) online system: Applicants who want to reserve a business name are advised to have several alternatives. It is fairly common that first choice cannot be registered because (a) it is already reserved, or (b) it is similar or confusingly similar to an existing business name.

Your name should be descriptive as well as distinctive. We will help you ensure your name is distinctive by looking for similar names that are already registered. Click on the Check Availability button after you finish entering your proposed business name. If the Business Name Registration System finds your proposed business name available, you can proceed to register the name. We reserve your business name for five (5) days only.

Business Name (BN) is subject to the Terms and Conditions set forth under the Revised Implementing Rules and Regulations of Act 3883, known as “Business Name Law.” Your proposed Business Name (Taken from BNRS website) MUST:

• Not be used for business that is illegal, offensive, scandalous, or contrary to propriety (Example: Popoy’s Jueteng Betting Place, Boobs Massage and Spa);

• Not be the same or nearly the same as an existing registered business, company, partnership, corporation (Securities and Exchange Commission), cooperative name (Cooperative Development Authority); nor it infringes on any trademark, service mark and trade name (Intellectual Property Office) (Example: Anne Dok’s Lechon, Jolibee, Starbax Cafe);

• Not be composed purely of generic or geographic words (Example: The Laundry Shop, Bacolod);

• Not be a name which by law or regulation cannot be appropriated (Example: OTOP, Intelligence, State College, CALABARZON);

• Not be used to designate or distinguish, or not suggestive of quality of any class of goods, articles, merchandise, or service (Example: Best Taho Factory, A-1 Auto Repair Shop);

• Not be a name or abbreviation of a name used by the government in its governmental functions (Example: NBI Private Investigation Services, DTI Trading);

• Not be a name or abbreviation of a name of any nation, inter-governmental or international organization (Example: Philippine Manpower Pooling Agency, UNESCO Marketing, WHO Health Services); and,

• Not be deceptive, misleading or which misrepresents the nature of business (Example: ABC Construction Services where nature of business is recruitment, a business name carrying another person’s name).

Are you Legal?

Based on experience, talking to a DTI officer via the traditional paper application is easier (except for the time that you need to queue at the DTI office) than interacting with a computer system that has many restrictions.

Don’t get me wrong, the BNRS online system is a good system to deter unscrupulous people that would want to deceive consumers.

Final Advice

Once you have an approved business name1, my suggestion is to pay either the city (P500) or regional (P1000) territorial scope versus barangay (P200)2. Why? You are registering it not only for the business NOW but also in the near future.

Remember: Business is not a 100-meter dash but rather a marathon race—it is for the long run.

Source: Wrote by Dean Pax, TrulyRichClub Wealthatrategy

Are You Afraid Of Growing Old Without Money?

2013-03-21T09:28:00.002-07:00

Truly Rich Club SoulFood News Letter.

Are You Afraid Of Growing Old Without Money?

TrulyRichClub

Greg is a 63-years old Vice President of a company. The salt and pepper hair fits him nicely. Makes him look elegant. Greg also wears cool clothes that make him look like a rich gentleman. But his eyes can’t hide the bone-chilling TERROR inside.

Because he knows he will retire at 65. That’s just two years away. And he’s scared. Because on that day, he won’t have a monthly paycheck anymore. “I’m sure you have savings, right?” I asked Greg. He looked down, shaking his head. “Not more than P200,000 in the bank. I’ve never been very good with savings. I just spend my money. And there were many emergencies along the way. I know I should have saved more. But I didn’t.”

I asked, “But you’ll get a nice retirement package from your company?” “To pay my debts,” he sighed. “I just borrowed to buy a car last year. And did some house repairs this year. We also travelled as a family last summer, paid for by another loan. So whatever I’ll get from my retirement will erase my debt. But nothing will be left. Absolutely nothing.”

I couldn’t help but groan. Greg was staring at the PERFECT STORM. A financial calamity that was coming in two years. “Can you help me, Bo?” Greg asked. I pitied him so much. If only he was twenty years younger—it would have been easy!

My Maids Have MORE Investments Than This Vice President

All my maids are invested in the Stock Market. My first maid—the first one who started her investment program under my guidance—now has P518,844 in her stock market portfolio. She’s only 30 years old. If she keeps investing, she’ll have P15 Million by the time she hits 50. Note: A maid! (Last year, I promoted her to bookkeeper, but that’s another fascinating story to tell at another time.)

Almost all my employees (over a hundred of them) are investing in the Stock Market too. Messengers, janitors, clerks... I’ve got happy employees because they will all be multimillionaires when they retire. Even my sons Benedict and Francis, ages 13 and 7, are investors. For years, Benedict would invest money from his odd jobs. And Francis would invest Christmas cash gifts from Ninangs and Ninongs. They will be millionaires by age 18 and multimillionaires by age 21. Let me repeat: Their money is in the Stock Market. Not in the Bank.

Did you know that the interest you earn in a bank is LESS then 1% a year? But in the Stock Market, if you follow my simple investment system (NOT trading!), you’ll grow your money from 12% to 20% a year over time and become a multimillionaire in 20 years.

You Don’t Have To Make The Mistakes Of Greg

Some people think that as you grow older, you’ll have to grow poorer. Not true. You don’t have to make the mistakes Greg made. Thousands of people have already joined my TrulyRichClub. And following my guidance, they have started investing in the Stock Market. And they’re very happy.

Those who joined me 2 years ago—and who invested in the Stock Market with my guidance—can’t thank me enough for the TOTAL CHANGE that has happened in their financial life.

I repeat: Don’t be like Greg. You don’t have to be afraid growing old and poor. Stop postponing! You’re missing out on these earnings. Most importantly, you’re missing out on gaining financial freedom.

To join, click the link below:

Yes Bo, I’d like to change my finances in 2013;

Tell me more about the TrulyRichClub.

May your dreams come true,

Bo Sanchez

PS. Start this new year right! To gain financial freedom for your future and join the TrulyRichClub, click the link below:

Yes Bo, I’d like to change my finances in 2013;

Tell me more about the TrulyRichClub.

Don’t Interrupt the Compounding!

2013-03-17T07:31:00.001-07:00

Truly Rich Club Updates!!

Don’t Interrupt the Compounding!

Truly Rich Club

If You Withdraw P50,000 Today, You’re Withdrawing P1 Million Tomorrow Oh, I know it’s tempting. When the stock market is growing sweetly (like now), it’s sooooo tempting to withdraw “just a little bit” for that new ladies’ watch. Or a Hong Kong vacation. Or a birthday party in Boracay.

As much as possible, DON’T. If you withdraw, you’re interrupting your compounding—the greatest mathematical force in the universe.

Let me give you an example…

Johnny saw that in a span of 18 months, his stock market fund has already grown from P100,000 to P150,000. He’s ecstatic. He’s thanking God. He’s inviting friends to join him at the TrulyRich Club. (Very good!) He’s dancing the gangnam dance.

But then one day, while walking in a mall, Johnny sees this really nice “spaceship-looking” gizmo that functions as a cellphone/coffeemaker/vacuum cleaner all rolled into one. It can make phone calls. It can make coffee. It can clean your house. It’s astounding. (Okay, I’m exaggerating. But I’m simply saying that there’ll be temptations out there that are very real.)

The price? P50,000. Definitely not in Johnny’s budget. Unless… He thinks of his stock market investments. He’s got the money. He decides to go for it! He withdraws P50,000 from his stocks and buys the gizmo. He can now talk to his girlfriend and make coffee and suck dust from the living room’s carpet.

Question: Did he really withdraw P50,000 only?

Nope.

In 20 years, if his stock market investments grew by 16 percent a year, his total money would be LESSER by P1 Million. Why? Because he interrupted the compounding. I’m not kidding. Compute it yourself. I urge you: Avoid withdrawing from your stock market investments. If you feel tempted, just remind yourself: “When I withdraw P50,000 today, I’m actually withdrawing P1 Million tomorrow.”

May your dreams come true,

Bo Sanchez

PS1. Take Charge Of Your Financial Future. Don’t leave your 2013 to chance. Do something today that will give you financial freedom in your advanced years. I believe investing little amounts each month in the Stock Market will give you financial freedom in the later years of your life. To take charge of your financial future, click here now.

PS2. By the way, the TrulyRichClub isn’t just all about the Stock Market. It’s also about having an abundance mindset. Why? Believe me, all the technical stuff I’ll teach about The Stock Market WON’T WORK if you don’t have an abundance mindset. So in the Club, you’ll also receive a lot of Audio Talks and eReports from me about having an abundance mindset. To take charge of your financial future, click here now.

You Think The Stock Market Has Gone Up A Lot?

2013-03-08T04:32:00.000-08:00

Invitation from TrulyRichCLub by Bo Sanchez

You Think The Stock Market Has Gone Up A Lot?

TrulyRichCLub

So many people are talking about the Stock Market today! Because it has gone up like crazy. And my TrulyRichClub members are dancing the boogie, singing hallelujah, and hugging everyone they meet on the street. They’re so happy. They’re thanking God for the day they joined the TrulyRichClub last year, or two years ago, or three years ago… Because they learned how to invest in the Stock Market, and their money has been multiplying like crazy too.

Sadly, I’ve talked to HUNDREDS of people who told me, “Bo, I wish I joined you last year and learned how to invest in Stocks. But I became busy. Shucks, did I miss the boat already?” Hey, It’s NOT too late. But STOP DELAYING. What happens if you join TrulyRichClub?

Aside from getting a truckload of the best material from me on how you can gain an abundance spirituality and financial mindset, you also get my personal GUIDANCE on how to create your millions by investing in the Stock Market. Do you think the Stock Market went too high already?

Our prediction: This rocket ship will still fly higher because there’s still a lot of rocket fuel to burn. And even if it rests a bit and takes a pit stop in some refueling station in space (and I really want it to rest so I can invest more at cheaper prices), in the long term, nothing beats the Stock Market in giving you the best returns.

If you’re not yet investing in the Stock Market, you’re missing out on the great bull market of the Philippines. Amazingly, the Philippine Stock Market has been the best performing Stock Market in the world.

Come ride this rocketship. It will continue to ride to the sky. With or with you.

To join the TrulyRichClub, click here now.

May your dreams come true,

Bo Sanchez

PS. Stop delaying. To create your millions in the Stock Market, click here now.

4 tips from PNoy on avoiding pyramid scams

2013-02-16T07:10:00.003-08:00

4 tips from PNoy on avoiding pyramid scams

Below are some of President Aquino's advice to investors on how to detect money scams:

1) You can't explain how the interest is earned.

Avoid Investment Scams

Aquino said he understands why people are enticed to invest especially when the promised returns are high. Aman allegedly lured investors with promises of up to 40% returns in just 20 or 30 days.

The President said that if you cannot explain how a company is able to afford such high interest rate, it is best to step back. "Para mabayaran ka ng ganito kalaking interes, paano niya babayaran ito? At ‘pag hindi mo masagot nang maayos ‘yon, malabo siguro itong pinapasukan mo," he said.

(For the company to be able to pay you such high interest, how can the company afford that? And if you can understand that question clearly, then what you are engaging in is probably unsafe).

The company said profits were produced by a Malaysian brokerage firm Okachi (Malaysia) Sdn. Bhd. -- with whom it had a customer agreement -- and which engages in trading commodities such as oil, manganese, palm oil and nickel.

2) It seems 'too good to be true'

Comparing companies that promise investments to legitimate banks is another way to detect a sketchy proposition. Aquino pointed out that when you deposit money in a bank, savings interests are only about one per cent per annum or less.

Companies that offer exponentially higher rates are suspicious, he said.

He offered advice he received from his parents as a child. "So ‘nung bata ako sinabi sa akin ng mga magulang ko, 'If it sounds too good to be true, it probably is not true'," he said. "Sana makatulong na talagang (kapag) ang ganda-ganda (ng) inaalok, malamang hindi totoo."

He said he hopes Filpinos would take this to heart to avoid temptation.

Read the full article here..