Warning: These Are Dangerous Times in the Stock Market

Warning: These Are Dangerous Times in the Stock Market

Truly Rich Club Updates..

TrulyRichClub

I must warn you. A disaster can befall you anytime—if you’re not careful. Let me dissect for you how someone like you, who is now earning in the stock market, can lose it all. When We Lose Humility, We Lose Everything The Bible says, “Pride comes before a fall” (Proverbs 16:18).

TrulyRichClub

In big bold letters, write this verse on a poster and hang it on a wall. Look at it every time you put your money in the stock market. I believe humility is the noblest characteristic of the human being. Humility will protect you and keep you alive. Here’s a guarantee:

When you lose humility, you’ll lose happiness, inner peace, and all your money included. I’ve observed that it’s easy to be humble when your money is down. When your investments aren’t growing. But when your investments are soaring, it’s a little bit more difficult to be humble.

For TrulyRichClub members who started investing early last year, you’ve seen your money grow beautifully. And because we know that the Philippine Stock Market will experience a boom in the next three years, I must say this to you again: These are dangerous times.

The Friends of Pride Reason? The sudden increase of wealth deceives you into thinking that you’re wiser than you think you are. Before you realize it, pride sets in. Arrogance sets in. Braggadocio sets in. You look at your stock market earnings and say, “Boy, I’m good.” When pride comes in, greed isn’t far behind. Like smelly mold that mushrooms on old bread, greed multiplies in your heart. You want more. This slow growth is too slow for someone as wise as you. This SAM stuff is for beginners. Neophytes. Kids in kindergarten. You ask, “Where’s the real money?”

Day by day, your appetite for risk increases.

Danger is now spelled E-c-s-t-a-s-y.

You start looking for more exciting stocks. You start putting money on companies that you know nothing about. Because the hot tip came from someone reliable. Someone formidable. Someone of authority. Surely he knows what he’s talking about. And in a few days, your money grows by 10 percent. And 20 percent. Even 30 percent. My gosh! You feel very good. You feel very rich.

You feel very intelligent. The Alien Monster Living Inside You And the ugly three-headed monster of pride, greed, and danger is mutating. It grows larger inside you every day. Soon, it takes over you. Like an alien life form within you. And it becomes uncontrollable. You’re now simply the host. You’re no longer in charge… the three-headed monster is! You can’t stop trading. It’s become a drug.

And you keep betting with bigger money. The rush of excitement is intoxicating. You hit bigger jackpots.

Your money doubles in a few weeks. Triples in a few days. The euphoria is exhilarating. It’s no longer just about the money. It’s the thrill of winning. But one day, it happens. There was no warning. The three-headed monster bursts out of your abdomen, splattering your entrails all over the room. You die in one painful scream, your body parts scattered on the floor. The alien beast within you has grown so huge, you were no longer a worthy host. So it moves on, taking all your money. And your soul as well.

How Disaster Happens This doomsday happens to all gamblers. Whether they play in the casino or in the stock market. Let me describe it to you: Your last few bets were the biggest you ever made. And then BOOM—you lose a lot of money. The stock plummets like a rock, bringing your wealth with it. You feel like a mouse drowning in an Ondoy flood. Frantically, you look for another hot stock. You call up friends. Because you need to recover your losses.

You receive a tip. You put whatever money you have left. You close your eyes and click the “Buy” button. You go in when the stock was selling at 62 centavos. You start praying to every god in the universe. Jesus. Allah. Buddha. Jose Rizal. John Lennon. Willie Revillame. The next day, your hot stock moves up to 68. And then 76. And then 83. And then to 96 centavos! You smile from ear to ear. Your prayers have been answered. The gods have been good to you.

As you’re about to click the “Sell” button, you’re making all sorts of promises to yourself. “I’ll never do this again. I’ll never go after penny stocks again. This will be my last bet. Starting tomorrow, I’ll be a good boy and follow Bo’s SAM…” As your finger is poised on top of the mouse button to click “Sell”, you pause. “Just a little bit more. When it hits one peso, I’ll sell…

All of a sudden, from 96, you see the share price dip to 93. “The price is just resting,” you encourage yourself, “it will go up again soon…” And then the unbelievable happens. The price goes down. Way down. In a snap, the price drops like a metal ball from 93 to 28 centavos. You feel like someone hit you with a giant sledgehammer. You stare at the screen.

You blink. This can’t be. Is this a computer glitch? “This has to go up,” you try to comfort yourself. “I’ll just try to breakeven. If it goes back to 62, I’ll sell…” But from 28, it falls to 14. You can’t breathe. You can’t move. Finally, the price settles at 3 centavos. You’re now officially wiped out. You’re zero. Nada. Zilcho. Nothing. You want to die.

At this point in your life, the monsters of pride, greed, and danger leave you. And humility returns… How Humility Can Save Your Life Friend, it doesn’t have to be this way. Humility can save you. When you see your investments grow (like now), give humility a bear hug and don’t let her walk away. You need humility to save you from the three-headed monster. Do the boring SAM thing for the rest of your life. And be happy with slow growth. No wonder God wants you to remain humble. You need it for your survival.

May your dreams come true,

Bo Sanchez

P.S. SAM is very humbling. Because when you invest each month in our select stocks, it’s so simple, anyone can do it. Even a kid can do it. What is there to brag? Nothing. And there lies its beauty.

The Secret to Spend Less Than What You Earn

The Secret to Spend Less Than What You Earn

Spend less than you earn

A lot of personal finance blogs I've read, I notice a common theme and advices to our financial problem. And they most common advice — “Spend Less than What YouEarn”. Unfortunately, it’s easier to said than done, otherwise, There will be no rampant debt problem in our society. Fortunately, I went through this in myself, and over the years, I’ve learned a few tricks that I think it might help also to you.

The secret to spend less than what you earn.

Step #1: You Must Know Your Income

Answer this question, how much money you make annually? This step is especially hard for people who run a small business, have a multiple income streams, or whose earning fluctuates in any way.  Nevertheless, you cannot spend less than what you earn if you don’t know what you earn.

Step #2: You Must Establish a Spending Plan or In short Make a Budget

Once you've already know and determine your income. You should keep pay attention and remember that you cannot spend more than this number.

Some people make a budget for weekly, others monthly, and some quarterly.  The most important thing is that you have a budget.

Step #3: Write down all the expenses and Stick to your budget

Write down all the expenses to track every peso that you spend. The only rule is to make sure that you do not spend more money allocated in each category you make.  Always be sure your budget is doing its job. To make this happen stick to your budget.

Step #4 Review the Budget, Income, and Spending

Fix any issue if there's some conflict. Whether your regular expenses are too high or not make some adjustment to make you feel comfortable to your spending and fit to your budget.

Once you have found the balance between your income and your expenses you are now in a position to spend less than what you earn.

Anyone out there spend less than you earn?  What are your tips, ideas, or suggestions?

Things That are Killing Your Budget

Things That are Killing Your Budget

Many people that create a budget find difficulties sticking to it for one reason — incidental expenses or unexpected expenses. Although incidental expenses are only a small fraction of your expenses, they can have a really big impact on your budget. These tiny expenses often go unaccounted for and can destroy your carefully crafted plans. Here are a few small expenses that are killing your budget.

1. Cell Phone Load Expenses

Too many people underestimate exactly how much money they spend on Cell Phone Load. These expenses can be so small that people fail to keep track of them. Small purchases on cell phone load and spending 10 to 30 Pesos to avail unlimited text or call can really add up over the course of a month.

2. Impulse Buying

Window shopping can be hazardous to your financial health. How many times do you go to the mall just to look and come home with a new shirt, pants or pair of shoes? Impulse buying are budget killers because they are unplanned expenses. It means that you have to borrow money from your budget that was meant for another purpose to cover your impulse buying.

Impulse buying are great for retailers like SM or other supermarket but they are not good for consumers. You can easily spend 500 Pesos or more each month on buying items that you never planned to purchase.

3. Labeling Wants As Needs

It’s important to place all of your expenses in their proper categories when budgeting. Needs are expenses that are necessities such as food, clothing, and transportation. Wants are luxuries that can be eliminated. Individuals often budget around wants and not needs.

4. Wrong Kind Of Friends

Having the right kind of friends can make or break your budget. Are your friends spendthrifts who waste a lot of money and not thinking about their financial future? Or do you have freeloading friends that consistently borrow money from you with only promises of being paid back? Both types of friends can be dangerous to your financial future. 

Most individuals pick up the habits of people that they hang around. The chances are high that if your friends are big spenders that you will eventually become one. Who wants to go out while everyone is having fun and not do the same? 

Freeloading friends can eat up your savings. You will find yourself busy financing their lifestyle that you may neglect to save for your future. So better to know how to protect your money.

The Stock Market Is Flying… But You Can Still Catch Up.. If You Act Quickly.

The Stock Market Is Flying… But You Can Still Catch Up.. If You Act Quickly.

           

Truly Rich Club

Our favorite Stocks have soared these past two months. My TrulyRichClub Members love me more than ever. (It’s mutual. I love them too.) And they’ve been thanking me for “pestering” them last year to invest in the Stock Market every month. I was like a broken record, telling them to “invest, invest, invest!” when no one wanted to invest because the economy was bad.

In the process, my TrulyRichClub Members were able to buy cheap Stocks every month.  Oh believe me, I was their big “nuisance”last year.   Because every other week, through my Members-Only Stocks Update eReports, I kept badgering, cajoling, and begging them to invest their small amounts in my recommended list of Stocks. In Tagalog, I was very “makulit”.

But it paid off. My TrulyRichClub Members are now seeing all the money they invested growing beautifully.

Just to give you an idea…

One of our Stocks has already gained 35.7% in eight months.

Another Stock gained 27.35% in only three months. Now you know one reason why my TrulyRichClub Members love me. (The other reason is that I’m cool.)

But here’s the big question people have been asking me: “Bo, can I still catch up?” My answer: Yes, you can.

I believe that this Rocket (called the Philippine Stock Market) is getting ready to take off to greater heights. Our fearless projection: It’ll move up for the next 3 years.   The Philippines will experience a Stock Market boom; It’ll be one of the best performing Stock Markets in the world. And I believe that many will become richer because of this Rocket.

But here’s a brutal fact:  It will go up with or without you.   I really hope you join the ride. Don’t wait. Don’t delay. Don’t postpone.

To ride this Rocket, click the link below:

Yes Bo, I Want To Join This Rocket;

Tell Me How To Join The TrulyRichClub

May your dreams come true,

Bo Sanchez

PS. Yes, there are still a couple of Stocks that haven’t gone up.   They’ll be fantastic Stocks to buy this year. In fact, my TrulyRichClub members have been buying these 2 Stocks since May 2011—and they’ve not yet gone up. Which is fantastic. That means there’s more time to buy more shares before they finally shoot up. Aside from these two Stocks, I’ve also added 2 more Stocks that are “laggards”. My hope is that they’ll stay down for awhile, so that we can keep buying them at cheap prices.

To ride this Rocket, click the link below:

Yes Bo, I Want To Join This Rocket;

Tell Me How To Join The TrulyRichClub

Why You Need to be Lazy to Succeed in Life

Why You Need to be Lazy to Succeed in Life

Just want  to share wealth strategies from truly rich club.

Wealth Strategy Trulyrichclub

Think about it. Animals can work hard. But only humans can think hard. (I told this to my son and he said, “Daddy, I disagree. My pet turtle thinks hard too. In fact, that’s all he does all day. He just sits there and thinks.”) If you want to succeed in life, you need to focus on the thinking rather than on just working. Look at the most successful business people in the world.

Bill Gates. Warren

Buffet. Oprah Winfrey. Richard Branson.

What made these folks successful?

Hard work? Or hard thinking?

Muscle or Mind?

I’m having my small house remodelled now. It’s a 10-year-old house that needed a lot of repairs. Doors needed to be realigned. Floor tiles needed to be replaced. Walls needed to be repainted. Nine muscular guys come in every day to work at my house. They do the most incredible work. Fantastic, really. Believe me, I can’t do what they do. But while they hammer about in my home, I’m upstairs in my little air-conditioned office, typing away in my laptop.

Compared to them, I’m lazy. While the construction workers labored daily last week at my house, I was gallivanting in a beach in Cebu for a four-day vacation with my leaders. Swimming. Eating. Having fun. Next month, I’ll go off to Israel for a 10-day pilgrimage. The month after that, I fly to Batanes island for a vacation with some of my mentors.

Yes, I take one vacation a month. Why? I’ve learned to be lazy. The guys working in my house earn well. But I earn much more. There are days in my calendar when I earn in one day what these guys earn in a year. Here’s my big question: If I’m lazy, why do I earn so much more than they do? Because in this world, thinking gets paid more than working.

Let me tell you why: Working with your hands is very limited. You can only work at one thing at a time. But thinking is limitless. You can multiply your impact endlessly. And not all thinking is created equal. You need to focus on the thinking that matters. Spend Time on What Matters There are two ways to succeed: The difficult way and the easy way.

The difficult way is to (1) study hard and long, (2) work hard for 60 hours a week, and (3) climb your way up the corporate ladder through maneuvering and politics. Bestselling author and entrepreneur Richard Koch describes it this way: “It’s trying to do extraordinary things at extraordinary cost to get extraordinary results.”

What’s the easy way? Find the easiest path to the results that you want. Koch says, “Concentrate on what produces extraordinary results without extraordinary effort.” And what would that be?

Your magic 20 percent. Find Your Magic 20 Percent and Focus There Here’s a fact: Twenty percent of your effort produces 80 percent of your results. And 80 percent of your effort produces only 20 percent of your results. So be lazy and try not to do everything. Forget the 80 percent that produces only 20 percent of results. Focus on that magic 20 percent—and double your efforts there. And relax. So that you’ll have energy to do that magic 20 percent.

Force yourself to do less. Focus on that magic 20 percent and be the very best in that activity. Work at it. Study it. Get training. Get mentors. Pursue Fun; Funds Will Follow Here’s what you’ll realize: You’ll love your magic 20 percent. When work is fun, it’ll be more fun than any other kind of fun. My magic 20 percent is communication. Creating something with words and sharing it to the world.

For example, writing for me is the ultimate game. Watching an empty computer screen slowly fill up with well-chosen words, sentences, and paragraphs— that gives me an exhilarating high. The perfect vacation for me is spending time with my family and friends. But when everyone is asleep or resting, I’m in the balcony overlooking the beach, writing my thoughts…

I see two kinds of rich people around me. Those who pursued money.  And there are those who pursued fun. I noticed that those who pursued money became rich. But those who pursued fun became even richer. Because they pursued their magic 20 percent.

The Benefit of Being Lazy People ask me, “Bo, you don’t seem to run out of big ideas. You’re always producing new products, organizations, ministries. Where do they all come from?” They all come from thinking. (That word again.) Because I focus on my magic 20 percent, I have extra time to read, to imagine, to daydream, to think… 

And there lies the birthplace for new ideas new ways to serve people, new ways to improve my businesses, and new ways to earn money. If you don’t have time to think, to read, to study, to daydream, where will your next big idea come from?

May your dreams come true,

Bo Sanchez

P.S. Obviously, I use the word “lazy” to shock you. Honestly, I work really hard. Because I love my work so much, it doesn’t seem like work. I pray you experience this too each day of your life.

Saving Money At The Grocery Store

When we look to save money and stay out of debt, most people look to long-term solutions or try to cut big-ticket expenses. They look to downgrade their home, seek out a higher-paying job, or try to figure out whether an individual retirement account should be part of a savings plan. They forgo vacations and cut back on car purchases and technology costs, among many other measures.

There is nothing wrong with taking a big-picture approach of this sort, but anyone looking to cut expenses and avoid debt is best served to also consider their spending on a daily basis. While the money we spend on the average day may not be much, the aggregate effect of this spending can add up quickly over time. This particularly applies to our food budgets. The FDA estimates that a family of four spends over $200 per week on food costs. Extrapolate that number over time and you’re looking at a pretty decent amount of money.

The FDA also estimates that a “thrifty” spending plan can reduce costs for that family by over $50 per month. This can translate into a savings of $600 per year. How can these savings be realized? Here are a few tips:

-Plan your meals beforehand- Many people go to the grocery store and buy those ingredients and food products that they think they need – not simply those that they actually require. You can avoid this mistake by planning out all your meals for a two-week period before going to the store. This way, you can insure that you buy only what you need and nothing more.

-Buy high-nutrition, low-cost foods- Not all foods are created alike. Some are low in nutritional value and high in price. Others are cheap yet full of healthy calories. It’s that second category that you want to target while planning meals and shopping for foods. Products such as rice, beans, eggs, pasta, and tuna are all great options here.

-Go vegetarian- There’s no question that a meat-heavy diet is more expensive than one that minimizes such purchases. Becoming a vegetarian, consequently, can help you eliminate some of the costliest food options that you otherwise would purchase.

-Purchase non-perishables in bulk- You can save considerably on non-perishable items by buying them in bulk and storing them in your basement or cellar until they are needed. Stores such as Sam’s Club and Costco are great places to stock up on canned foods, condiments, paper plates and utensils, napkins, and any other non-perishables that you may use.

Following these steps should hopefully help you start saving on your weekly grocery budget. While $50 may not seem like a huge amount, the benefits add up quickly and – in the long run – can greatly improve your budget and your bottom line.

Inspiring, Funny, and Smart Quotes about Money

Inspiring, Funny, and Smart Quotes about Money

Inspiring, Funny,  Smart Quotes Money

Below are some money quotes that can help you learn more about finances, and perhaps even inspire you to better habits:

1. “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” – Will Rogers

2. “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand

3. “You have not lived a perfect day, even though you have earned your money, unless you have done something for someone who will never be able to repay you.” – Ruth Smeltzer

4. “What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us.” – Julia Cameron

5. “If you pay peanuts, you get monkeys.” – James Goldsmith

6. “I don’t pay good wages because I have a lot of money; I have a lot of money because I pay good wages.” – Robert Bosch

7. “If you would know the value of money, go and try to borrow some.” – Benjamin Franklin

8. “A bank is a place that will lend you money if you can prove that you don’t need it.” – Bob Hope

9. “Lack of money is the root of all evil.” – George Bernard Shaw

10. “It is pretty hard to tell what does bring happiness; poverty and wealth have both failed.” – Kin Hubbard

11. “Money, if it does not bring you happiness, will at least help you be miserable in comfort.” – Helen Gurley Brown

12. “The art living easily as to money is to pitch your scale living one degree below your means.” – Sir Henry Taylor

13. “Time is more valuable than money. You can get more money, but you cannot get more time.” – Jim Rohn

14. “Save a little money each month and at the end of the year you’ll be surprised at how little you have.” – Ernest Haskins

15. “Whoever said money can’t buy happiness simply didn’t know where to go shopping.” – Bo Derek

16. “A nickel ain’t worth a dime anymore.” – Yogi Berra

17. “Anyone who lives within their means suffers from a lack of imagination.” – Oscar Wilde

18. “If you think nobody cares if you’re alive, try missing a couple of car payments.” – Earl Wilson

19. “If you can count your money, you don’t have a billion dollars.” – J. Paul Getty

20. “If all the rich people in the world divided up their money among themselves there wouldn’t be enough to go around.” – Christina Stead

21. “It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” – Geroge Lorimer

22. “What difference does it make how much you have? What you do not have amounts to much more.” – Seneca

23. “The glow of one warm thought is to me worth more than money.” – Thomas Jefferson

24. “Money is not required to buy one necessity of the soul.” – Henry David Thoreau

25. “There is some magic in wealth, which can thus make persons pay their court to it, when it does not even benefit themselves.” – Ann Radcliffe

26. “Who is rich? He that is content. Who is that? Nobody.” – Benjamin Franklin

27. “The only way not to think about money is to have a great deal of it.” – Edith Wharton

28. “Money frees you from doing things you dislike. Since I dislike doing nearly everything, money is handy.” – Groucho Marx

29. “The safe way to double your money is to fold it over once and put it in your pocket.” – Frank Hubbard

30. “Business is the art of extracting money from another many’s pocket without resorting to violence.” – Max Amsterdam

31. “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick

Net worth Update(Jan 2012)

Highlights

- Cashed in all my physical cash(only left coins in piggy bank)

- Ang Pow money($540) deposited into savings account 3

- Internship salary($850) credited into savings account 1