Monday, April 29, 2013

Be Storm Proof

Ella, What is your Investment?

This used to be my most dreaded question every time I discussed financial concepts and money machines. I cringe whenever somebody asks this. I take my time in answering this question. Thanks for the gift of gap. I'm almost tempted to answer in a Ms. Universe pageant way: "My kids are my investments not because I'm expecting them to take care of me when I get older but because they will be a reflection of how I have been as a parent. "

But of course the person asking the question wants to hear a different answer. It's actually a question of doubt challenging the person being asked. To put it bluntly: "Who are you to teach me these when you yourself is currently in debt?

Now before I answer that let me tell you my story.

3 yrs ago I learned about Bo Sanchez after searching for spiritual and inspirational ebooks and daily readings. I subscribed to his blogs and read his books. I attended his seminar on How to be truly rich.  I learned many practical ways on how to handle money and to change my perspective about it. I learned how to invest in myself by enriching my knowledge about finances and the importance of creating income streams versus depending on only one source. I enrolled myself in an online class mentored by Jomar Hilario, Bo's online marketing mentor about internet marketing where I have learned a lot and have used to empower myself and help other people as well. I learned about money jars, prosperity formula and the stock market because I joined the Truly Rich Club. I spent most of my free time attending all sorts of financial seminar there is while slowly adapting the bits and pieces of financial concepts in my life. I honestly learned a lot to the point of information overload. Then  I  realized I haven't done any real action yet.

You're probably asking why I haven't done any action yet despite the load of information I've been feeding my mind with. Ask me why.

Well, the place where you are now is exactly the place where I once was. Yes. That exact place where despite of all the promising and not so impossible great future (provided you coupled it with consistent hard work and persistence) I still have fears.

My big struggle was fear mixed with doubts. I believe in the logic and truth in the concepts I've learned. But will I be able to do it just by merely following the books? I believe in the vision of creating more Filipino Millionaires by the year 2020. But I fear that will I,  myself be included in that vision?  I believe in consistently saving for the future but I fear that I won't be able to sustain it as several reasons and the problems always appear like mushrooms. Well the truth is, problems do come and go but time doesn't. There will never be a right time and right opportunity when we don't take action.

You see, God is great. He prepared everything for me. He knows my fears so He has to bring me personally to my mentors. He brought me to SG to be surrounded by people who think the same as me financially.  All along I thought it was another story but amazingly He always has better plans for me.

Here in Singapore I met people who have started investing 2 or 3 years ago.  That very same time when I was just starting to follow Bo Sanchez,  attending financial seminars, reading blogs about Investing,  and became a Truly Rich Club member. These people have already gained a lot and have an impressive portfolio. They learned a lot too because they are doing it while following the stocks update from the TRC. While I was stucked with my fears, trying to secure myself by learning more, these people who bravely took action are already learning along the way and enjoying the planting stage.

The Financial Advocates from SG who attended the Money by the Book - Biblical Stewardship Seminar by Randell Tiongson, one of the most respected personal Finance  coaches in the Philippines.

It took me several years before I took my baby steps towards financial freedom. I finally opened an account with Citiseconline after more than a year when I last attended their seminar in PSE Ortigas. I opened my first Mutual fund account with Philequity and secured myself with Kaiser, a health card, insurance and investment all in one. I have plans for creating more after my debt management plan which hopefully will totally be wiped out before the end of the year.  I know doing all of these will give me more knowledge and experience which in truth is the best teacher. I'm learning along the way and especially now that my IMG family is here to support me and my friends who also share the same vision of No family left behind. As my recent post I got somewhere on FB: Friends don't let friends retire broke.

I haven't directly answered the question yet but I want to point out that if I bravely started the same time my new friends did, I would have been experiencing a harvest time now given the good economy of the Philippines recently. Honestly,  I have regrets but I believe God allowed it to happen because I have a mission to fulfill and that is to share this experience and teach the younger ones. Looking back, if I had known this 10 yrs ago, I wouldn't be here in SG away from my kids. My faith tells me to say Yes to God's will so here I am with the rest of my friends who are financial advocates as well ready to share and teach how to be good stewards of God's blessings. 

And to answer the main question. Yes I have investments but not that much yet but it is growing. I have just started and am continously learning. The important thing is I have successfully overcome the first challenge and that is when to start. The rest is easy. As a coach, I'm following the proper Foundation of investing. I was really inspired after I attended the Money by the Book - Biblical Stewardship talk by Randell Tiongson.  He told us financial advocates, " You are not storm free because you will still have financial problems but it makes you storm proof because you have solutions"

And I'm not scared anymore because I have support directly from mentors who have been doing this for years already. And that same support I commit myself too for my friends,  relatives and acquaintances I had coached previously and soon to be coached either personally or via online coaching.

And btw, being a Truly Rich club member not only teaches you about finances. It provides spiritual guidance and uplifting messages plus an opportunity to earn passively. It's actually one trickle of income stream for me. The rest, soon.

What's your next action?
1. Like the Pinay Helpdesk page to get bits and pieces of financial tips.
2. Answer this Appointment form if you are interested to attend a financial coaching in person or via online.
3. Join the Truly Rich Club to get your dose of financial and spiritual abundance.

Be storm proof, start now.

Tuesday, April 9, 2013

10-20-70 Prosperity Formula

One of the best things about IMG is the crusade to change people from being spenders to savers and eventually become Entrepreneurs and Investors. The big question is HOW?

Most of us consider our paychecks as profits. When we get the paycheck we always think of rewarding ourselves for the hard work we put in for the half month or for us OFWs, a whole month. There's nothing wrong with that actually. Remember that we have discussed this from our Money Jars  where we have Play Jar because we need to pamper ourselves too for balance. This also saves us from cheating in the other jars.

                                                      Photo credit: IMG TRM

And so this Prosperity Formula is a guide for us to be able to achieve the goal to financial freedom. It states Pay yourself first. Not pay our efforts by buying so many unnecessary things but pay ourselves by investing in our future. Keep in mind that we are still within the working age. The age line where we are still working hard to earn money. So take your paycheck as capital. Use it to earn more by investing in knowledge, experience and in various money vehicles that will yield more giving you greater opportunities to achieve your goals.

I learned this 10-20-70 Prosperity formula from Bro Bo Sanchez. I've been a follower years ago but it's only recently I really took the step to make an action. The baby steps really paid off. Now I'm not scared anymore and I appreciate more what I read and learn along the way.

This is a basic concept we all must learn and of course practice. 10 percent is nothing compared to what God has been blessing us. Remember that we can never outdo God's generosity. The mere fact that we have a source of income is already a great blessing, so what is 10% anyway? It's not necessarily exact but anything that comes from your heart will already please the Lord especially if that means helping others. Keep in mind that God is blessing us to be stewards of his blessings and be able to help others. 

The 20% is used for retirement plans. Remember that it takes time for money to grow. So while we still have the resources like, good health, strong body, a good paying job or a good business, we should start investing now so we can look forward to a good future. 

The 70% goes to our living expenses which includes our bills and basic needs such as food, clothes  and housing. Now since this is what's left, that means we have to live within the our means. With this we can surely fund our financial plans.

Here is a video of Bro Bo Sanchez when he guested in Aya Laraya's Pesos and Sense TV Show. He basically discussed here his different view on money and how it relates to our spiritual life.

 I personally believe that money is just a vehicle to bless more people and it will only be the root of evil if used otherwise. 

Money cannot buy you love, so where do you use your money?

Saturday, April 6, 2013

Afraid of the Stock Market? Get a Mentor.

"The Philippine Stock Exchange's current bull run is expected to last for at least three more years, longer than previous cycles the country has seen, following the credit rating upgrade.
Read more: BULL RUN

(Photo: Bloomberg)

Philippine stock market's bull run to last at least 3 more years.
So what?

Guys, it's the best time to grow our hard earned money and save it from inflation. This also means that this is the best time to invest in our own country. Investing is like planting. Just like any plant, money takes time to grow. And now is the best time to start planting.

For guidance on what to pick in the stock market without the info overload, sign up and be a member of the Truly Rich Club. Truly Rich Club teaches people to become a Rancher, how to invest and know where to invest. Helping good people become rich so they can be a blessing to others.'

Click this link to know more.

Recently, Bro Bo updated that his first maid,  started her investment program under his guidance has now P518,844 in her stock market portfolio! Isn't it great?  She’s only 30 years old, btw.  Bro Bo added that if she keeps investing, she’ll have P15 Million by the time she hits 50. Yes. She is a maid! (Now she's been promoted as a bookkeeper).

Bro Bo Sanchez is the author of " My Maid Invests in the Stock Market... and Why You Should too!" Anyone who wants to borrow this book let me know or you can download from this link:

Truly Rich Club

Guide to signing up with TRC:

You can also follow my blog for bits and pieces of financial concepts that you can practice on your own. Don't forget to LIKE the page.


"Opportunities don't happen, you create them."

When are you going to start?