Author: akosiallan

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Personal Finance Truly Rich Club

Bo Sanchez’ Truly Rich Seminar and Truly Rich Financial Coaching Program this June

While attending the Feast at Valle Verde Country Club the other week, I chanced upon the next schedule of Bo Sanchez’ Truly Rich Seminar and Truly Rich Financial Coaching Program. 

How To Be Truly Rich Seminar

by Bo Sanchez

June 12, 2010 (Saturday, 8:30 am to 12 nn)

Shaw Blvd, Mandaluyong City (near Shangrila Plaza)

seminar fee:  P497 only

 

Truly Rich Financial Coaching Program

by Bo Sanchez and team of financial mentors

June 18 – 19, 2010 (Fri, 2pm – 9pm to Sat, 9am – 4pm)

Pasig City (near ULTRA)

seminar fee: P5,975.00 per person

 

It’s been almost a year since my wife and I attended the truly rich seminar and the financial coaching program.  While we have not reached the monthly income we’ve set out to achieve yet, there have been so many financial blessings we’ve received over the past year that we’ve already earned back the seminar fee several times fold. 

More than the money we’ve earned, the experience also opened our eyes to the true purpose of being rich, that is, to be a blessing to other people.  My wish is that you too become truly rich in every sense of the word.  May God bless you on your financial journey!

 

P.S.  Are you an OFW (Overseas Filipino Worker) struggling to save, protect and grow your hard-earned  money?  Join Bo Sanchez’ Truly Rich Club now and become a better steward of your own money, wherever you are in the world.

Categories
Money Mindset Personal Finance Truly Rich Club

Giving back by running Bo Sanchez’ Kilometer for Kerygma (K for K) Fun(d) Raiser

This coming Saturday, May 29, 2010, my wife and I, along with my in-laws, will be one of the thousands of people flocking the SM Mall of Asia grounds at 5:30 in the morning!  No, it’s not because of a SALE 🙂  It is to join Bo Sanchez’ Run a Kilometer for Kerygma fun(d) raising activity to support the many ministries of Bo Sanchez.

I have always felt blessed throughout my whole life.  Even having learned 5 money habits that will never make me rich, I still felt blessed.  This is the main reason I want to give back in one way or another.

I have personally experienced visiting Anawim (Bo’s charity home for abandoned children and elderly) during one summer in my College days, and all I can say is that it is truly an amazing experience seeing lives being transformed before your eyes.  Not only is it a great blessing for the abandoned elderly and children seeking comfort in the loving home of Anawim, but more for those donors and volunteers caring, loving and serving selflessly.

Be part of the K for K and bring a smile to the hearts of many people!  Live the life of abundance!

P.S. You Can Grow Your Financial Abundance—No Matter Where You Are. Join Bo Sanchez’ Truly Rich Club Now!

Categories
Investing Personal Finance Truly Rich Club

How To Profit From Real-Estate Investing Thru Private Lending

One of the main financial concerns I have been facing lately is the need to learn to invest and grow my money.  To solve that problem, I’ve tried investing through stocks, RTBs, and also started exploring internet marketing.  While all three have been a great learning experience so far, one investment vehicle I’ve never had the chance to explore is investing through Real-Estate.

That changed about 2 weeks ago.

My Very First Real Estate Investment Thru Private Lending

As I was browsing through the popular real-estate investing site foreclosurephilippines.com by Jay Castillo, I came across an article about the Trace Trajano’s Apprentice Challenge.  In that article, Jay and his partners in RYP Realty Team shared some of their experiences in the Apprentice Challenge as well as their need for investor partners to help them out in one of the challenges.  I signed-up right that instant and I’m glad I did since it’s been an exciting experience ever since.

A few days after I filled up the investor’s form, I received a message from Ebb Magtuba, the CEO of RYP Realty Team, one of Jay’s partners in the Trace Trajano’s Apprentice Challenge.  I met up with Ebb over a cup of coffee, and he shared his story on how he got involved on real-estate.  I also learned that RYP Realty team was the leading contender in the Apprentice Challenge.  To someone who has limited experience when it comes to real-estate, I felt a whole new world was opening before my eyes.

The following week, my wife and I met up with Ebb again.  This time, Ebb was with Eden Alemania-Dayrit, the very successful real-estate investor who was the one structuring the whole deal.  Both Ebb and Eden went with us to checkout the property that we would be investing in.

As investor, the opportunity was to get into a private lending deal that could potentially earn us a little bit of “passive” money, without us having to do any of the hard work of doing renovations, processing legal papers, as well as marketing and selling the property.

The 3 Questions You Should Ask Before You Lend Your Money

Before investing our money though, there were 3 things we were concerned about.  First, how soon can we get the money we lent back?  Second, what is the worst case scenario?  Lastly, what’s the track record of the other party we’re dealing with?

For the first question, Eden confirmed that we can expect to receive our money back plus interests in not more than 4 months, regardless if the property is sold or not.  After we get our money back, Eden’s plan is to use her earnings from her other successful real-estate deals to continue to market the property.  At that point, we would now be risk-free since we already made our money.

For the second question, the absolute worst case scenario would be us ending up with the property.  When you think about it, it would not be that bad at all since we would have gotten a great property at below market price.  Since we were able to visit the actual property, we already know its exact condition, how much renovation it probably needs, and how conducive the neighborhood is for home owners.

While going around the area, we also managed to find out how much other similar houses were being sold for.  So at least, we got some idea whether the price of the house we were investing in was within reasonable range. Add it to the fact that Eden was also able to sell a similar property in the same neighborhood for a higher price.  So in the point of view of the end-buyer/home owner, it would come out as a great deal.

For the last question, it was interesting that even at a young age, Eden has already done more than a dozen similar deals, some even in the same area where the property we were investing in was located.  She’s definitely not a beginner.  Even with her success, she still manages to stay humble and seek out the support of other successful real-estate investors like Trace Trajano and Larry Gamboa who continue to mentor and help her out in case an unexpected scenario happens.

Out of curiosity, I also asked her what was the worst thing she experienced so far as a real-estate investor and she willingly shared a problem about a tenant who encountered financial difficulty and was not able to pay up on time.  The good news was that even with that problem, she was still able to get her money back.

Ready, Fire, Aim

In the end, even though there’s a certain amount of risk involved, the answers to these 3 questions and the legal papers that support the “worst case” scenario as well as the integrity of the people we’re dealing with was more than enough to calm my nerves.  But as with anything related to money, only time will tell whether it is really a good deal or not.

At this point in my life, however, I would like to believe this is a very good opportunity to learn the world of real-estate investing first hand.  It matters not whether my decision will result into success or failure.  What matters more to me is the realization that I can be courageous enough to take action in spite of my fears and be willing to fail and learn to gain actual real-estate investing experience.

In all honesty, the whole experience made me anxious and excited at the same time.  With the experience, I have more reason to continue learning about real-estate investing so that I can manage the risks better in my next deals.

As always, whatever I learn from the whole real-estate investing experience, I will gladly share them to you through this blog.

How about you?  How’s your experience investing in real-estate so far?

P.S. Do you want (or know anyone who wants) to make 10-15% return on their money per year with little or no risk?  Fill-up the investor form to find out more about this opportunity.

Categories
Investing Life Updates

Rich Money Habits Carnival – Summer Edition

Welcome to the Summer Edition of Rich Money Habits Carnival. In this edition, we will showcase the best of the best personal finance articles and stories through our Rich Money Habits Top 5 picks! Explore with Dora and find out how to manage your own money.  Strengthen your mental beliefs and develop a richer financial mindset!  Most of all, enjoy the summer with a healthy dose of financial ideas to help you achieve your dream of financial freedom!

Rich Money Habits Top 5 Picks

  • Jason @ Redeeming Riches presents 5 Things Dora the Explorer Teaches Us About Personal Financial Planning posted at Redeeming Riches, saying, “Learn what a cartoon can teach about personal finance!” [RMH] Great analogy.  Not surprisingly, the seemingly complicated ideas on money are best explained by going through an ordinary day in the life of Dora the Explorer.
  • The Investor presents Earn more money by tackling your mental beliefs posted at Monevator.com, saying, “Most of us have subconscious attitudes towards money that affect our thinking – and even how much we get in our paycheck at the end of the month.”  [RMH] Very interesting article on limiting belies that prevent you from achieving your financial goals.  It reminds me of T Harv Eker’ Secret of the Millionaire Mind book.  Read on and become aware how these limiting beliefs can rob you of your chance to becoming financially rich.
  • Joe Plemon presents Stretch the Life of Your Mower by Giving Him a Name posted at Personal Finance By The Book, saying, “The best way to stretch the life of your mower is to care for him, but if you are less than meticulous about equipment maintenance, naming him works pretty well.” [RMH] Great story about the life of a mower.  The mower springs back to life and became “Lazarus”…but I am getting ahead of myself.  Read the story and you’ll know how giving importance to your blessings (even a mower) can give you so much stories and wonderful memories to treasure.
  • Roshawn Watson presents What’s Your Financial Mindset posted at Watson Inc, saying, “A study by Nielson and research firm Inmar has illuminated the spending habits of the affluent. Did you know that affluent households tend to be heavier coupon users than those with lower incomes? This is one of the ways a person gains a high net worth in the first place: he knows how to spot a deal” [RMH] Very powerful message.  I can’t help but remember the same ideas from the book Millionaire Next Door.  While it’s very true that being frugal is NOT glamorous and does not sell on TV, it is also good to know what’s really important to you – the glamour you get by pretending to be wealthy like the one portrayed on TV? or liberation from 9-5 drudgery by building your money habits to achieve financial freedom?
  • Writers Coin presents Five Money Ratios to Live By posted at Wisebread, saying, “Five simple ratios to simplify your financial life. But are some more valuable than others?” [RMH] Very informative.  I think these ratios are very useful in that they give you a quick measure of your financial health check and can help you decide how much should you save, invest, spend of your money.

Other interesting articles in this edition

Banking and Credit Cards

Investing

Passive Income

Personal finance

Real-estate

That concludes this edition. Submit your blog article to the next edition of rich money habits carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Categories
Life Lessons Money Mindset Personal Finance

3 Ways To Save Money on Your Next Vacation

I’ve been very busy the past month…going out to the beach every weekend! 🙂

The first one was to enjoy a summer outing with my wife’s high school friends.  The second, to attend a beach wedding of one our office mates.  The last, to celebrate my sister’s graduation with an overnight stay at a white-sand beach paradise in the north of the Philippines — Pagudpud, Ilocos Norte.

What can I say? It’s summer time in the Philippines!

la_luz_beach_loft_room_for_10 The Philippines, with its 7,107 islands boasts of very beautiful coastlines and mesmerizing beaches.  Enjoying a weekend at the beach, however, need not be expensive.  Here are some saving tips I learned while enjoying my summer vacation.

1) Share a ride

Share a ride together with friends to save on gas and/or travel expenses.  Do a carpool. 

The first time I shared a ride, I was the one driving.  Me, my wife and her friends went out on a summer outing to La Luz Batangas, a 3-hour drive south of Manila.  Two of our friends rode with us on that beautiful Sunday morning.  My wife enjoyed the trip because she was able to catch up and share stories with her friends while I busy myself driving us to our destination.

The second time I shared a ride, my wife and I attended a beach wedding.  One of our friends was gracious enough to offer us a ride going to the venue which was (surprise! surprise!) the same beach we went to the previous week for our summer outing.  Even though it was the same beach, we were still thrilled because it was our first time to attend a beach wedding. 

One thing I noticed while driving in the Philippines is that majority of Filipinos drive a van or something large to fit the whole family.  This is nice because you can save on gas if the whole family is riding with you.  But if you’re the only one in the car, you’re actually losing money because you consume more gas than if you were only driving a small car.  Just a little something to keep in mind when deciding to buy a car. 🙂

2) Share a room

Share a room with your friends.  You not only save on accommodation, you even get to spend more time with your friends.  The great thing about going to the beach with friends is that you get to share stories with them.  Sometimes, you even remember “old” funny moments together and laugh your hearts out reminiscing those days.

Besides, if everyone is having so much fun, finding the time to sleep is the farthest thing on everyone’s mind.  🙂

In both the summer outing and the beach wedding, we were able to share a room together with friends.  Our expense is about PhP 500 each per night.  That’s 10 of us.  So the room is actually around PhP 5,000 (US 100) for a one night stay.  Not too pricey. But it’s a big savings for us considering that if my wife and I got a room for ourselves only, we would have spent around PhP 3,000.

Of course, if you’re on a honeymoon, that’s a different story. You obviously cannot share a room with your friends. 🙂

3) Cook your own food

If your resort allows it, it’s cheaper to prepare and cook your own meals.  We were able to take advantage of this while celebrating my sister’s graduation since the resort we got was actually owned by one of my mother’s distant relative.

My aunt and mom prepared the meals together and I helped out grill the pork and fish.  Unfortunately, the weather was not helping out that time since it was raining hard while I was busy grilling.  One thing I learned — It’s hard to grill fish against a windy rain! 🙂

The morning after, the weather was better.  We were able to enjoy and swim on the beach and take a few pictures just like this one. 

saud_beach_pagudpud_ilocos_norte

Hope the above tips help you save money on your next vacation!  Cheers!

Categories
Life Lessons Money Mindset

Money and the Philippine Elections

It’s only a few days before the first-ever Philippine automated elections.  Every time I turn the TV on, all I see are the campaign ads from the different candidates.  It’s becoming irritating to watch these ads over and over again.  It has come to a point where I would change channels whenever any of these ads start to air. 

When you consider that each 30-second TV ad is worth millions of pesos, and you see non-stop airing of these ads for the same candidates, it begs the question, how much money are these candidates (or their supporters) spending for their campaigns?  I’m beginning to imagine that the only one getting rich these days are the TV companies.

Whether we like it or not, money is playing a big role on the Philippine’s first-ever automated elections, not only on the billions of pesos spent staging the automation process but also on the money spent by candidates in campaigning.

The Philippine government is paying billions of pesos for this election automation.  This money is spent on

  • paying for the PCOS machines that read the ballots and count the votes,
  • printing of official ballots,
  • delivering the election materials to the different precincts,
  • compensation for those involved in the implementation of the automated election,
  • controversial (and hugely overpriced?) ballot secrecy folders, indelible ink, and more

The candidates (and their supporters) are spending millions (if not billions) of money in campaigning.  This money is spent on

  • giveaways like shirts, house and lot, and other prizes,
  • endorsements from popular celebrities, actors and singers, 
  • hundreds (or thousands) of cash handed out to each voter (vote buying?),
  • campaign ads on TV, newspaper, radio, internet, 
  • logistics and travel expenses (helicopter?) and more

With majority of Filipinos still glued to their TV screens, TV is still one of the most effective medium through which candidates can reach out to millions of voters. Using the internet would be way cheaper compared to paying a 30-second segment on TV.  Unfortunately, most Filipinos still don’t have access to the internet.  It’s no wonder that candidates heavily spending on this medium are leading in surveys. 

In the end, even if money is influencing a lot of things in this election, one thing it cannot take away is the hope and determination of each Filipino to dream for a better Philippines in the years ahead.  Each vote cast in the upcoming elections is a show of support and confidence not only on the candidates, but on the country’s ability to make the first-ever automated elections happen in a peaceful and orderly manner.

Influenced by money or not, let’s make the country proud by voting wisely, and help the country build a better future.  Cheers!

Categories
Investing Passive Income Stocks Truly Rich Club

How to Invest in the Philippine Stock Market the Super EIP Way

For the past few months, I’ve been investing in the Philippine Stock Market using Citiseconline’s EIP (Easy Investment Program).  In a nutshell, it’s an investment program where you invest a fixed amount on a regular basis to take advantage of the cost averaging method.  I plan to do this for at least 5 years for the most stable stocks that I feel have the most probable chance of being profitable in the next 5 to 10 years.

The Super EIP of Bo Sanchez

I mentioned in my Truly Rich Club Review that Bo Sanchez recently launched his Stocks Updates Newsletter along with his e-book “My Maid Invests in the Stock Market”.  Through the Newsletter, Bo aims to share his stock investment advise.  He plans to tell you what stocks he is buying, what stocks he recommends people to buy and when to sell those stocks.

This very helpful information is available only to Truly Rich Club members.  Since you’re an avid reader of this blog, I’ll give you a sneak peek on what Truly Rich Club members are getting.

In the first issue of Bo’s Stocks Update Newsletter, he introduced the SUPER EIP investment program. The strategy is to search for “undervalued” companies with proven track record and buy them at a low price.  For example, if a stock is valued at $2 $1.50 and it is currently being sold at $1, you have a 50% potential profit once the market aligns with the stocks’ true value.  After the stock reaches $2, you can then sell your stocks and get 50% profit.  Keep in mind that this may happen after weeks, months, or even years.  For Bo’s case, his PhP 148,000 actually increased to PhP 441,000 when he sold his stocks after more than 1 year!  That’s a profit of around 200%!

At this point, I need to mention that the results will definitely vary from case to case and some people may even lose money.  In the end, you should still be responsible in making your own investment decisions.  Citiseconline, Bo Sanchez or even this blog may tell you what stocks to buy and when to sell but the reality is that it is still YOUR OWN MONEY.  There’s no one more concerned on how to make your money grow than you.

In an attempt to try out the SUPER EIP investment strategy, I’ve invested some of my money into 2 stocks (one valued at 47% upside profit, and the other one a 42% potential upside) starting this month.  As with Bo’s strategy, I also plan to take advantage of EIP cost averaging for these 2 stocks.  Every month, I plan to invest a fixed amount and once it reaches the target price, I will sell the stocks to take my profits.

I am really excited to see how this strategy will fare out in the future.  I can’t wait to share to you whether the money I invested will grow to its potential or I end up losing money.  Watch out for that in the coming months.

How about you?  What investment strategies are you using when investing in the Philippine Stock Market?

P.S. If you want to know the 2 companies I invested in for the SUPER EIP and other undervalued stocks in the Philippines, you can contact me or join Bo Sanchez’ Truly Rich Club and read Bo’s Stock Updates Newsletter.

Categories
Bonds Business Credit Card Investing Make Money Online Money Mindset Mutual Fund Passive Income Personal Finance Stocks Truly Rich Club

Bo Sanchez’ Truly Rich Club Review

I’ve been wanting to do a review on Bo Sanchez’ Truly Rich Club for quite some time but I’ve been putting it off due to busy schedule at work.  When I read about Bo’s recent article “How To Be a Billionaire”, I thought people need to find out more about this.

Before I say anything else, please bear in mind that I am (well, technically I am not, but my wife is) a member of the Truly Rich Club, and if you sign-up to the Truly Rich Club, I (or my wife) earn a little income as an affiliate commission.

That being said, this review is not to persuade you to do something you don’t want to do.  My hope is that by sharing my personal experiences with the club, it will help you decide if joining the club will be of help in achieving your financial goals.

 

How did you find about the Truly Rich Club?

A couple of years ago, I was an OFW working as a Mainframe Test Lead for a credit card company in Malaysia.  When I came home to the Philippines for a 2-week vacation, I came across Bo’s 8 Secrets of the Truly Rich book.  At that time, I was really trying to find out ways on how I can grow my hard earned money.  After reading the book, I realized he was actually holding Truly Rich Seminars in the Philippines.   Since I only had a few days left in the country before going back to Malaysia, I was not able to attend the seminar.

A few months after, I learned that Bo created the Truly Rich Club.  Because I wasn’t able to attend the seminar – I was very eager to try out the online club!

Since my wife was the one who has a credit card, I talked my wife into joining the club.  I am very blessed to have a very supportive wife.  She agreed to join in. The next month, we received the 2 months worth DVD videos and Audio CDs we ordered from the club.

 

Why did you join the Truly Rich Club?

I was in a foreign country.  My options were limited.  I couldn’t attend any seminar in the Philippines because I was out of the country.

I didn’t know anything about investing in mutual funds, stocks or internet businesses, especially in the Philippines at that time.  Yes, I learned a thing or two from various blogs and personal finance sites.  In most cases the specific advise on these sites were only applicable to other countries such as the U.S.  I didn’t know if the same thing can be done in the Philippines.

So when I came across the Truly Rich Club, it was like a dream come true.  Joining the club allowed me to learn how to grow my money in the Philippines! Moreover, through the monthly DVDs, I got to watch Bo Sanchez’ interviews and talks.  It was like attending the Truly Rich seminars virtually.

 

What did you like about the the Truly Rich Club?

The content is simply amazing.  When I started, I was looking forward to the next month’s issues.  My wife and I would always checkout the mail box just to see if the DVDs for the month have already arrived.

What I really liked are the very specific information shared through the various interviews on very successful businessmen.  You can see how they view money, their mindset in terms of relationships and on building businesses and character.

The club products are full-packed with information.  I can’t keep up.  There’s a lot of information to learn.  I’m still catching up with the rest of the power talks.

Bo also sends out a weekly Newsletter where he provides stocks update, business advise, and more.  The content is really overflowing, I only wish you could also learn from those DVDs and Audio CDs and get the financial information first hand.

One thing I really appreciate was the smooth transition of delivering the DVDs after my wife and I finally decided to come home to the Philippines last year. We wanted to have the audio CDs and DVDs delivered to our home in the Philippines instead.  We only had to email them our new address and voila! We received the products to the new address.

 

What I didn’t like about the the Truly Rich Club?

When we first started with the club, there were times when the DVDs arrived late.  Since we were always very eager, waiting for the next issue was a torture.

It would also be a great idea to have a forum exclusive to club members where lessons can be discussed or shared with each other.  The feeling of being in a community would certainly help boost members’ confidence when they start to struggle in taking action on those valuable financial tips.

 

Why I recommend joining the Truly Rich Club?

I honestly believe that in today’s world, information is king.  If you are not informed, you will be left out.  You will always be wondering how come others are getting financially ahead while you’re still stuck working at a dead-end job you really hate.

There were a lot of times when I wanted to share the incredible products I’ve watched or heard from the club, but it’s hard because there are copyright issues.  I don’t want to go into the business of piracy.  More importantly, I don’t want to profit from stealing other people’s products.

Thankfully, there’s one “legal” way to help share these products to you.  That is, if you decide to be a member of the club as well.  The Super Gold Package (DVD video +  Audio CD) costs PhP 997 ($37 for International Membership) monthly at the time of this writing.  The Gold Package (Audio CD only) costs PhP 497 ($39 for International Membership) monthly.  The Audio CD is basically a recording of the same DVD video so if you are interested only in listening to the presentations, you can take the Gold Package.  What I do is I copy the audio over to my iPod and I listen to it while working.  The great thing about it is that I can listen to it over and over again.

Bo Sanchez is a preacher so a lot of his talks contain references to passages in the bible.  While I don’t mind since I am a Catholic, others may not be as forgiving.  So if you don’t like hearing the word “amen”, please bear this in mind when you join.

How has the club helped you so far?

After my wife and I finally came home to the Philippines to settle for good, we immediately attended Bo’s Truly Rich seminar.  Even though he was discussing the same basic concepts from his book and the club, it’s still refreshing to see Bo presenting the ideas with my own eyes.  It’s a bit surreal. You can learn more about my experience on the seminar here.

My wife and I also attended the financial coaching program a few weeks after.  After the seminar, I was really excited to finally get started.  Here are 3 things I’ve been exploring since I started taking action on the many lessons from the club and the seminars:

  • RTBs – my wife and I finally started investing in RTBs.  You can learn more about how we opened an account. Here’s an update after we received our first interest income.  And, only a few days ago, we already received the 2nd quarterly interest income.  Yey!
  • Stocks – I’ve started investing in stocks.  I’ve invested through EIP for a couple of months now.  These are small (PhP 5,000) monthly investments on the most stable companies listed in the Philippine Stocks Exchange.  My basic strategy is to take advantage of the dollar cost averaging.  I’ve also learned another strategy from Bo’s Stocks Update that I may try out soon – that is, Super EIP (I think this was coined by Bo himself).  If you want to find out, you can sign-up to the Truly Rich Club or wait for my updates by subscribing to this blog via RSS or Email. Subscription to Rich Money Habits blog is FREE!.
  • Internet Marketing – I am a techie. Having spent the last 8 years of my life working in IT, I am very fluent in more than a dozen languages. Unfortunately, only 3 of them can be understood by human.  No, I am not an alien.  Most of the languages I know, only computers are able to understand.  I can communicate (i.e. program) in Visual Basic, C, Mainframe Languages, Assembly Language, and more.  Which brings me to my point.  I want to be able to communicate to fellow human beings as well as computers.  I want to find out how to present an information product on the internet in a way that the other person will be able to know exactly what he is getting into.  If it is something that will solve his problem, well and good!  If not, at least he doesn’t have to waste his time digging deeper, seeking clarification on that specific product.

What will you get when you join the club?

While reading Bo’s newest book “Choose To Be Wealthy: 8 Habits of the Happy Millionaire” which was launched last Saturday at SMX Convention Center, I got the most updated list of the 11 Big Blessings you will receive if you decide to join the Truly Rich Club.  The list is so much more now than when we signed-up more than a year ago.  It’s really great that Bo is giving away so much.

Here’s a sneak peak of what you will receive:

  • 2 Powertalks every month (instant access via MP3)
  • Bo’s Success Mentors Collection every 3 months
  • 4 Wealth Strategies newsletter every month
  • Daily God’s Whispers email
  • How To Be Truly Rich Seminar
  • How To Conquer Your Goliaths Ebook
  • How To Turn Thoughts Into Things Ebook
  • My Maid Invests in the Stock Market Ebook
  • Monthly update of what Bo invests in
  • Earn passive income by becoming Bo’s affiliate in the Truly Rich Club
  • Earn passive income with Bo’s other internet work

There’s even an amazing “wow experience” guarantee. Here’s how it works.  Should you decide to cancel your membership during your first month of membership, after receiving the stuffs above, the money will be returned to you no questions asked.  You even get to keep all the stuffs that have already been sent to you – an amazing $251.50 value.

That’s all I can share for now.  If you do decide to join the Truly Rich Club, congratulations to you!  My hope is that you become Truly Rich in every sense of the word and share your blessings to other people!  Good luck!

 

P.S.  CLICK HERE  to sign-up to Bo Sanchez’ Truly Rich Club. Once you get started today, I will give you as FREE BONUS my $605.66-value ebook “Rich Money Habits – 8 Ways to Shift Your Money Habits and Be Rich!” Bo Sanchez himself wrote the Foreword to the ebook saying “This ebook contains the most essential tools you need to start your journey towards becoming truly rich.” Simply send me a message through my Facebook Page @ http://www.facebook.com/allaninocente111 after signing up so I can verify and email you the instructions on how to download the ebook. Congratulations in advance to the start of your exciting financial journey!

RMH ebook 3D pic

Categories
Business Credit Card Investing Life Updates Money Mindset Mutual Fund Online banking Passive Income Personal Finance Stocks

Rich Money Habits Carnival – The Psychology of Money

Welcome to the third edition of Rich Money Habits Carnival – The Psychology of Money.  The top picks of this edition all share the same common theme – discovering the psychology of money.

How is Warren Buffet, one of the richest people in the world, different from the rest of us?  Why is it that some people make excuses and others continue to blast their way to success?  How can you get what you want by also giving someone else what he wants?  Find the answers out by reading through our top picks for the month of March.

Rich Money Habits’ Top 5 Picks

  • Your Best Library presents 10 Signs You’re a Financial Disaster posted at Your Best Library, saying, “If you show these 10 signs, the chances are high that you’re a financial disaster.” [RMH] Hilarious! I couldn’t stop myself from nodding my head at the 10 signs of being a financial disaster.  Witty, funny and definitely spot on.
  • Silicon Valley Blogger presents Basic Business Advice from an Accidental Entrepreneur posted at The Digerati Life, saying, “My own story on how I became an online entrepreneur.” [RMH] This article is an honest take on the life of an accidental entrepreneur.  The author said it best in “it’s (NOT) enough to say that your business is filling a need…you should actually be good at filling that need.”
  • Joe Plemon presents Are You An Opportunity Seizer or an Excuse Maker? posted at Personal Finance By The Book, saying, “Some find opportunity when it seemingly doesn’t exist. Others make excuses when opportunity knocks. A great rich money habit is to learn how to seize those opportunities.” [RMH] Great article on why we need to stop making excuses and take advantage of opportunities that come our way.  While reading the post, I remember the movie “Yes, Man” starring Jim Carrey.  It’s a feel good movie about saying yes to opportunities that life has to offer you.“
  • Writers Coin presents Warren Buffett’s Investment Advice: Why It’s So Hard to Follow | Wise Bread posted at Wise Bread, saying, “I almost made a ton of money and then almost lost a ton of money in the stock market. Just goes to show you how hard it is to follow Warren Buffett’s advice on being greedy when others are fearful and fearful when others are greedy.” [RMH] Great article on why it’s so hard to invest like Warren Buffet.  I totally agree that investing is more than money – sometimes it is also about handling your own emotions.  As Warren Buffet said ’be fearful when others are greedy and greedy when others are fearful.’  Unfortunately, working with these 2 emotions is precisely the reason it is not easy to invest and go against the crowd.
  • Learn Save Invest presents Know your position posted at Learn Save Invest, saying, “A personal story of how I saved money on truck repairs just by realizing my position, and asking for a break.” [RMH] Inspiring story on how it pays to know what the other person wants when you try to ask for a discount.  In the end, the goal should be to have everybody win.

Other interesting articles in this edition

On Taxes

Investing

Banking and Credit Cards

Personal Finance

That concludes this edition. Submit your blog article to the next edition of Rich Money Habits Carnival using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.

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Life Updates Passive Income Personal Finance

Announcing the winner of the FREE Rich Dad Poor Dad book!

First of all, THANK YOU very much to all those who participated in the first-ever Rich Money Habits Readers’ Survey. 

Your inspiring life’s stories, financial goals and dreams and suggestions on how Rich Money Habits can be of help to you are very much appreciated.  Rest assured, we’ll definitely keep them in mind as we aim to constantly improve the Rich Money Habits blog to be more relevant to your financial needs.

Without further ado, I am very delighted to finally announce the winner of the FREE Rich Dad Poor Dad book as part of our first ever Rich Money Habits Readers’ Survey promo. 

And the winner is… Lunining Arabiran! 

Luningning_Arabiran_Rich_Money_Habits_Readers_Survey_Winner

I was so amazed at the personal finance tips and stories Lunining shared that I want the readers of this blog to learn from and be inspired by it as well. 

Here’s her answer to the question “What are your money habits and how they have affected your life?”

I’m earning a little over minimum wage and I was "awakened" that after 3 years of working I had so much less than what I was hoping for. I cleaned up my act….

  1. I love Manga (Japanese animation) so much so that a large chunk of my money goes here. I curtailed the Manga-buying impulse. (I still do buy but occasionally).
  2. I don’t use my credit card except when buying groceries twice a month.
  3. I bring lunch to the office.
  4. I had my mom invest my money that has a 12% APY.
  5. I read about how to invest in the stock market.
  6. I built up and completed my 1 year emergency fund.
  7. I am building up my retirement plan. I’m also looking into consulting someone who works for the SSS. So I can compute the actual amount of pension I’ll be receiving when I’m 60.
  8. I am taking up my Master’s degree so I can go ahead and get side jobs. (This wasn’t really necessary to get the jobs but understanding more concepts and theoretical background would help) and I’m almost done, just the thesis left.
  9. Next time I get to be in another country, will be saving my per diem like crazy. Last time I was in the US, I spent my money on a lot of souvenirs.
  10. I created a budget.

All of those things are the stuff that I’m doing, have done and will be doing. There are a couple things more but I think this is getting too long.  Basically, knowing and being conscious of how money is spent has taught me that when you spend money now, you’re not only giving up that money in that instant but you are also forfeiting the right that, that money can earn in the future.

 

How about you?  What are your money habits and how have they affected your financial life?