Warning: This post contains 1900+ words. So before you continue I advise you take a break, grab a coffee, sit down, and come learn with me to save, invest, and be TrulyRich.
When I was a little girl one of my favorite stories was The Hare and the Turtle. I’m sure you are already familiar with it but let me tell you the gist of it again. The hare and the turtle decided to go on a race one day. They want to find out who would finish first. The hare was confident he would win. Unfortunately, he lost his focus in the middle of the race and fell asleep. Meanwhile, the turtle was inching slowly but surely and in the end made it to the finish line first.
The Hare and the Turtle and What They can Teach You about Saving
This story is so innocent and so simple and yet I didn’t realize how powerful its message is until just a few days ago.
You see, I am an impatient person. I am just like the hare. I want everything fast. When it comes to saving I also adopt this approach. I want to save a huge chunk of our money every month so that we can save more and reach our goal sooner. But just like the hare in the story, I lose focus easily. After a month or two I find some “emergency” expenses and – there goes our savings. They say, Easy Come, Easy Go. So true.
So after being disappointed seeing our savings wiped out every now and then I would not be too keen on saving money again. I would neglect our budget and our finances. I would lose the desire to save. This cycle goes on and on. I’m sure a lot of you are familiar with this.
How many of you have been working for five years now, or maybe ten, or maybe twenty years? How many of you have saved money and have something to show for all the years that you have been working? If the statistics are correct then I know that not many people are saving money month after month. Just like me, you might be acting like the hare and didn’t even know it. Don’t worry, you’re not alone. More importantly, now that you know about it you can do something to change that bad habit.
This Year I Will Be More Like the Turtle
Or more specifically, I will start saving like a turtle. I have actually started saving slowly a few months before 2011 ended. Little by little a portion of our income goes to savings. And since our savings is automatically transferred to a separate account every payday we don’t feel that we’re missing anything. Sometime ago, I checked our account and I can’t believe I have already saved that amount.
You know why it makes more sense to save little by little every month than setting aside a big chunk of your money all at once but not on a month to month basis? Here I’ll tell you a true story.
Two years ago, I would save a huge chunk of my online income. I would deprive myself just so I can save. Before long I already have a nice sum of money (that’s according to my standard.LOL!) in my bank account. Then something happened. Months of depriving myself has taken its toll. When an opportunity presented itself to buy something “important” I didn’t give a second thought and spent all my money. Do you recognize the hare in me back then?
Now, as I’ve been telling you I have reformed my ways and saved a more realistic amount little by little each month for a few months now. I am now emulating the turtle’s way. So slowly but surely our savings is growing. Unfortunately, there are temptations in life. My husband and I have been thinking of buying something that we label as “must have.” Anyway, we can easily buy it if we use our savings. But you know what. We’re saying no this time. And surprisingly, it’s so much easier to say NO to indulgence when it took you a long time to save it. If we use all of our savings now we think about how long we’ll be able to save that amount again. It would take months! We would be back to square one. If we think about it that way the desire to spend becomes less and it’s easier to say no. We have a goal to reach and we’re doing it slowly but surely. Just like Mr. Turtle.
Where should you put your money this 2012?
I really want to make 2012 different. So aside from saving regularly for emergency expenses I also want to invest another portion of our money in the stock market. Why the stock market? Two reasons. First, because banks will only give you 1% interest (and most of the time even less!) and if you keep your money there it will be eaten up by inflation. Second, investing your money in stocks can give you greater return in the long run.
But I Know Nothing about the Stock Market…
Okay, let me put something straight first. I know nothing about the stock market. I didn’t take any finance subjects in college.
Five years ago, it would be impossible for a stay-at-home mom like me to invest in the stock market. The situation is now different. Technology has made our lives easier including investing in stocks. Now, you can buy stocks online through a website called Citiseconline. Citiseconline.com empowers ordinary people like you and me to invest in stocks. You can open up an account with by going through their office and depositing an initial amount as low as P5000. You can buy stocks through their website and do it online at the comfort of your home.
Even though Citiseconline makes it easier for you and me to buy stocks I am still a little wary. I want to take advantage of the greater returns in the stock market but I don’t want to lose money. A word of caution. You can easily lose money in stocks if you don’t know what you’re doing.
So thank God I stumbled upon Bo Sanchez.
Who is Bo Sanchez?
Bo Sanchez is the author of the best-selling book, My Maid Invests in the Stock Market. In his book he told the inspiring story of how he taught his driver and his maids to save a portion of their salary and invest it in the stock market. Now you know that the salary of helpers are not that big. Bo’s maids earn P7,000 because he is a generous boss. Out of the P7,000 they set aside P2,000 every month to put in stocks. I don’t know how long they’ve been investing in stocks but the last time I heard their money has grown to P120,000! Wow, their 2k every month has really come a long way don’t you think?
I Want to Invest in the Stock Market too!
I also want to invest in the stock market just like Bo’s maids. Thankfully, I don’t have to apply as one of Bo’s maid to learn how to invest! Because Bo is generous and would like to help more Filipinos manage their income he created a club called TrulyRichClub. At the TrulyRichClub, he will teach you specifically where to put your money in the stock market. Amazing isn’t it?
Now since Bo will be dispensing some truly important and life changing advice in this exclusive club, membership is not free. In only costs P997 pesos every month to become a SuperGold member or P497 to be a Gold member.
Here are the gems you will get once you become a SuperGoldmember:
- Receive My Stocks Update. –FREE
- Receive 2 PowerTalks every month (instant access via MP3)
- Receive Bo’s Success Mentors Collection every 3 months–FREE
- Receive 4 WealthStrategies newsletters every month–FREE
- Receive Daily GodWhispers Email–FREE
- Receive How To Be Truly Rich Seminar–FREE
- Receive How To Conquer Your Goliath Ebook–FREE
- Receive How To Turn Thoughts Into Things Ebook–FREE
- Earn Passive Income by being Bo’s Affiliate in the TrulyRichClub
- Earn Passive Income with Bo’s other Internet Work
- Receive My Very Practical Ebook, My Maid Invests In The Stock Market…And Why You Should Too.–FREE
- PLUS the following bonuses
Bo’s How To Be Truly Rich Seminar In DVD Version!
Bo’s Success Mentor Collection in a DVD Too!
My Experience as a TrulyRichClub Member
I have been a member of Bo’s Club for a month and I tell you I really look forward to his emails. I have read his two books, How To Conquer Your Goliath and My Maid Invests In The Stock Market…And Why You Should Too. My husband and I listened to his How To Be Truly Rich Seminar together. It was the first time we heard him give a talk. We found out he gives 40% of his income to the poor and plans to give more in the future. He is happily married to his wife who thinks he is the best husband. We heard how he increased his income over the years in order to help more and more people. We learned he built a house for the poor called Anawim. He is earning significantly more now but he is still living a simple life just because he decided to. I tell you, he is the walking example of a man who is Truly Rich!
Among the things that he gives his members regularly, there is one email that I look forward the most – the StocksUpdate email. He only sends the StocksUpdate once every two weeks and as of now I have read two. The StocksUpdate he sends you is easy to understand. He will tell you what specific stocks to buy. He will tell when to buy and when to sell your stocks. In short, he will help you invest in the stock market and not get burned in the process. Now, where does he get this information? Bo himself said he has mentors of his own who gives him advice. These people have made millions themselves in the stock market.
I don’t know about you but I think this kind of information is worth way more than P997!
How much do you think it costs to hire a financial consultant? P4,000?
Now, how much do you think it costs to hire a millionaire to guide you and teach you where to invest your money? On second thought, do you think they’ll even give you the time of the day to teach their secrets? Of course, not!
That’s why I think Bo’s TrulyRichClub is being generous by opening its membership for only P997 a month.
If you think you can’t afford it then think about the shoes you bought or the new phone you got. If you were able to spend money for things that depreciate in value then why can’t you spend some too for your financial literacy, to help you make more money in the future? When I think about the money I mismanaged last year it gives me more resolve to do it right this year.
So my plans this year is to continue being TrulyRich Club member, open an account at Citiseconline, and buy the stocks recommended by Bo.
I’m happy Bo is there to teach me, hold my hand, and cheer me on throughout the whole year. If only I learned about TrulyRichClub last year then I think would have done better financially.
If you too want to start investing in the stock market, grow your money and become Truly Rich then click here to join the TrulyRichClub.
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