Category: Mutual Fund

Bo Sanchez’ Truly Rich Club Review

Post author By akosiallan
Post date April 6, 2010
42 Comments on 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

Tags Truly Rich Club, Truly Rich Club Review, Truly Rich Financial Coaching Program, Truly Rich Financial Seminar

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Rich Money Habits Carnival – The Psychology of Money

Post author By akosiallan
Post date April 1, 2010
14 Comments on 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.

On Taxes

BackTaxesHelp.com presents When you Should File a Late Tax Return of Request a Tax Extension posted at Back Taxes Help.
Wenchypoo presents Your Tax Bill Would Need to Double to Close the Deficit posted at Wisdom From Wenchypoo’s Mental Wastebasket.
Praveen presents Free Ebook: Capital Gains Tax Tips for Traders and Investors posted at My Simple Trading System, saying, “Capital gains tax tips for traders and investors”
Alex presents What can I deduct on my Taxes? posted at Claiming Tax Back, saying, “This post highlights some uncommon tax deductions which people fail to claim back from the IRS.”
PeakPersonalFinance presents Are You Eligible for These 5 Tax Breaks? posted at Peak Personal Finance, saying, “Five tax breaks you may not be aware of.”

Investing

BWL presents Should You Convert To A Roth IRA In 2010? posted at Christian Personal Finance, saying, “A look at some of the great benefits of converting to a Roth IRA this year…”
Jen E. presents How to Analyze a Stock posted at Stock Tips, saying, “Learn how to analyze stocks by using an easy stock analysis test.”
ABC presents Reasons For A Roth Conversion From 401K Or Traditional Roth posted at ABCs of Investing, saying, “Reasons for and against doing a Roth conversion.”
Patty Pedersen presents eBook Readers: Stock Investing Strategy to Profit from Disruptive Technology posted at AlphaProfit MoneyMatters – Investing Blog, saying, “The number of eReaders sold is expected to ramp to 6 million this year and grow exponentially from hereon. To profit from eReaders with growth and value ideas, read eBook Readers: Stock Investing Strategy to Profit from Disruptive Technology.”
Larry Russell presents Evaluating Roth IRA Conversions posted at Best Personal Financial Planning Software, saying, “The Roth puzzle for asset conversions, as well as for annual Roth contributions during working years, is one of the most complex decisions that the ridiculously complex US taxation and retirement planning system forces upon individuals.”
Hussein Sumar presents How to Calculate Return on Invesment (ROI) posted at Accounting, saying, “Return on Invesment as the name suggests is a financial valuation method that determines the percent of return investors are getting from their portfolio of investments. Return on Investment is probably one of the most important ratios that companies need to keep track of in order to determine the viability & continuity of their business.”
BeaBu presents Cut Profits Short and Ride Losses posted at BeaBu.com, saying, “One often quoted investing and trading rule is “Cut your losses short and ride your winners”. While this is a good thing to do in most situations, there are some kinds of market conditions when it’s not as simple as it seems. With finance, no rule is 100%.”

Banking and Credit Cards

BankShout presents Health Savings Accounts Q & A posted at BankShout.
Nathan Bishop presents HECM Reverse Mortgages posted at Online Banks Blog, saying, “The home equity conversion mortgages or HECM Reverse Mortgages is a way a senior can have an income if they have enough equity in their home. There are US federal governmental backing for these loans if a FHA approved lender is used.”
chuck machado presents Medical Bills Lower Credit Scores posted at Raise Credit Score, saying, “The biggest obstacle to raising credit report scores is the lack of credit card debt management. Your credit report shows not only how much you’re spending, but how much you’re paying toward reducing your debt. If you are making minimum payments, lenders can see this and they figure your are either not too bright or are struggling.”
The Dough Roller presents Chase Freedom Credit Card | 0% APR 12 Months | 3% Cash Back posted at The Dough Roller.
The Dough Roller presents Does Canceling An Old Credit Card Hurt Your Credit Score? posted at The Dough Roller.
Four Pillars presents Use Your Cell Phone Apps To Manage Your Money posted at Quest For Four Pillars, saying, “Some cell phone apps to help track your finances”
PT Money presents Best Online Checking Accounts posted at Prime Time Money.
LivingInVol presents Fixed versus Variable Loans posted at Living in volatility.
Bruce presents Government Mortgage Help for First Time Buyers posted at Government Mortgage Help, saying, “Mortgage Help from the Government to assist you in keeping your home from mortgage foreclosure during this recession.”
Control your Cash presents Let’s see how he does with Other People’s Money posted at Control Your Cash, saying, “This is about spending money – a finite resource for most of us – in the right places. Brown, or at least Brown’s garage, represents something we like to style controlled frugality for lack of a better term.”
Billeater.com presents Use Twitter to Save Money posted at Billeater.
David presents American Express Preferred Rewards vs. Premier Rewards Gold Card posted at Credit Card Offers IQ.
Aaron presents Green Dot Prepaid MasterCard® posted at Prepaidcards123.

Personal Finance

nissim ziv presents How to Negotiate a Salary: Negotiation Tips, Questions & Expectations posted at Job Interview Guide, saying, “Negotiation skill is a skill that not many people possess. In general, negotiation is an art. Every word you say is important in the end results And when it comes to negotiating the salary offer, things become even harder .”
Tisha Dotson presents 100 Best Blogs for Women in Business posted at Accounting Degree.com.
Money Infant presents My 2010 Personal Finance Goals posted at Money Infant, saying, “Goal setting is a necessity if you want to get where you need to be financially. Here’s my plan for 2010.”
Debra Jacobson presents How To Be Frugal: Saving Money on Eating Out posted at All Things Frugal, saying, “In lean economic times, eating at restaurants is generally avoided. However, there are ways to eat out without breaking the bank.”
Jerry Rogers presents Easy, Key Phrases to Impress Business Clients Abroad posted at Online Colleges.net.
Mariana Ashley presents 100 Business Experts You Should Follow on Twitter posted at AccreditedOnlineColleges.org.
PT Money presents Affordable Auto Insurance: How I Saved posted at Prime Time Money, saying, “How I saved on my auto insurance.”
KCLau presents Bad Debt and Good Debt posted at KCLau’s Money Tips, saying, “How do you distinguish between good debt and bad debt?”
Erel Kiko presents The Secret To Attracting Money With Affirmations posted at Law of Universal Attraction.
Nash Dadameah presents Top 5 Ways To Save On Life Insurance posted at nil2million.com, saying, “Let’s save money by having our life insurance premium cheap”
Elaine Murphy presents 100 Personal Finance Posts Every College Student Needs to Read posted at Career Overview.
Zach Scheidt presents Home-Based Healthcare is Good Business posted at ZachStocks, saying, “The healthcare reform bill will affect industry for years to come. LHC Group Inc. (LHCG) continues to expand and could be a takeover target in the next few months.”
Stephen Dean presents Secrets To A Champagne Product Launch posted at Copywriting Dean.
Heidi presents Saving Money with a Cheap Designer Wedding Dress posted at Budget A Wedding.

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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Rich Money Habits Carnival – Frugality and Success

Post author By akosiallan
Post date March 1, 2010
7 Comments on Rich Money Habits Carnival – Frugality and Success

Welcome to the second edition of the Rich Money Habits Carnival!

In this edition we will highlight the top 5 frugality and success articles out of the tons of money stories we’ve received during the month of February. May these articles inspire you to live a wealthy and successful life. Enjoy!

Rich Money Habits Top 5 Picks

Steve C presents Why Being Frugal Can Only Take You So Far On Your Path To Wealth posted at MyWifeQuitHerJob.com. RMH – A great read on the age-old dilemma of going too cheap. Steve argues that raising your income by working on your business gives back way bigger returns than the measly saved income you gain from cutting back expenses.
Faizal Nisar presents Secret of Success: YOU | Be Truly Happy posted at Be Truly Happy, saying, “Creating money begins in the mind. Once you learn that success is a mindset, you can become rich in any industry.” RMH – Inspiring article on taking responsibility for your own success. The question at the end says it all, “will you take responsibility for your success, or blame others for your failure.”
KCLau presents Focus: Achieving Goals posted at KCLau’s Money Tips, saying, “A guest post by Sayeed, a senior manager in a large MNC in Penang on how he achieved his financial goals.” RMH – Interesting article on why we should keep on dreaming. Sayeed offers 5 tips on how to focus on your dream and achieve it. My personal favorite – “get 15 minutes a day to read a book, best before going to bed. Develop the habit from there…”
FIRE Getters presents A Simple Budget That Works? posted at FIRE Finance. RMH – Very helpful tips on how to make your budget “actually” work. The article aptly describes the problem of budgeting as being “too complex and rigid” while real life demands “flexibility and simplicity.”
Wenchypoo presents Ending Bureaucracy posted at Wisdom From Wenchypoo’s Mental Wastebasket. RMH – Great article explaining what bureaucracy means. While reading the article, I couldn’t help but compare it to how big companies “bureaucracies” disguised these things as “processes”…in reality, all these “processes” do is delay you from doing what you really need to do in the first place.

Rich Money Habits’ Top 5 Picks

Other interesting articles in this edition

On Taxes

Investing

Banking and Credit Cards

Personal Finance

Rich Money Habits Top 5 Picks

Other interesting articles in this edition

Money Stories

Business

Personal Finance

Investing

Other