Why Reading Books Turned out to be a Passion

I am not that fond of reading books. I read stuff such as articles from various sources but not an entire book. I’m not even keen on shelling out money just to buy books. Books tends to collect dust after it has served its purpose.

Something “magical” (yes, I consider it magic ūüôā ) happened along the way which changed my perception on the importance of reading books. A former boss introduced me to a book written by a famous lay preacher. The book was entitled “8 Secrets of the Truly Rich”. And it was written by Bro. Bo Sanchez. That book started it all. That book opened my eyes on all the mistakes that I have done when it comes to financial matters. It made me realize that I was financially ignorant.

Several books in my possession

After that, I discovered Bro. Bo’s other books on¬†how we can simplify the way we live; that happiness can really be found by living a simple life even if we can afford the comfort and convenience brought by the modern age. I have been living a simple life since then. I have bigger dreams of course. But I have taught myself to set aside those dreams if it would mean complicating my life. I became contented with what I have right now. A simple house, a simple car and most of all a happy and loving family. Simple things makes me happy,¬†which I think is the most important.

That’s one of the influences I obtained from reading books, it keeps my feet planted on the ground.

Aside from books on finance, I now read books which gives me inspiration. Something that I really need to keep me pumped up. Especially during times when I feel that things aren’t going according to plan. It made me realize that even if things went the other way, there are better things somewhere. I just have to look for the open doors and knock on the doors of opportunities because I believe that every human being were created with equal opportunities. We only need to have the guts to grab it. And once we got it, we just need to nurture it.

See what reading books have done to me, it taught me how to think in a very positive way. I am currently teaching myself to be happy all the time. I believe that a happy person has a happy disposition. A happy disposition results to better decisions. Better decisions result to a bright future.

So come on friends, grab a book and be a happy and inspired person.

Have a nice day!!! ūüôā

The Importance of Having Mentors

I used to do things on my own. I used to ignore advice from loved ones. I used to ignore advice from peers. Can you guess the result? I admit, most of the times, the results turned out to be disastrous.

Things were done in a haphazard manner. Decisions were made at the spur of the moment. But these are what makes us wiser as we grow older. We learn from the mistakes of the past. Maybe we are destined to make mistakes so we may know how to move forward as we journey through life.

As we move forward, we will meet someone, or we may read something, or we may have experiences which can serve as mentors for us to be able to make the appropriate decisions. A mentor acts as a check and balance because whether we admit it or not, we do not know everything. We are not perfect and we will never be. There will always be people who are better than me. As an example, people still regards Michael Jordan as the best player in basketball than LeBron James or Kobe Bryant. Maybe that’s the reason why both LeBron and Kobe looks up to Michael.

LeBron James even trained under Hakeem Olajuwon, who is one of the best centers, to improve his post moves. It turned out to be one of the best decisions he ever had. His post moves vastly improved. He is now a complete player.

When I started investing in the stock market, I went on my own. I just did it for the sake of being in the stock market. Nobody gave me directions. I had zero knowledge. Because of that, I missed out on the great opportunities. It’s not yet too late.

I joined the Truly Rich Club, founded by the well loved Bro. Bo Sanchez to somehow put my investment plans in order. The club is my online mentor as it teaches me how to properly handle money and on how to properly invest in the stock market. If the club was able to teach the maid of Bro. Bo on how to invest in the stock market, why not me. By the way, as I am writing this, one of the maid has now reached the P1M mark. It inspired me even more. I now have that burning desire to hit that mark the soonest possible time. I am sure that with the proper guidance, I can never go wrong.

Happy Reading!!! ūüôā


I have lots of plans. ¬†I plan of having another house. ¬†I plan of having a new car since I already paid up my first car loan after five (5) painstaking years. ¬†But if I have to ask myself, do I need it? ¬†Will it make me happy? ¬†How can I afford it? ¬†Honestly speaking, if I am pursue those things, it will be in the form of a loan. ¬†Seems not a good idea. It is not necessarily a need. ¬†I might feel satisfied but it won’t make me totally happy. ¬†And getting it through a loan will definitely give me sleepless nights. ¬†Something is holding me back to let go of these plans. What is it?

simplifySometime 2012, I¬†stumbled upon¬†this book written by Bro. Bo Sanchez. ¬†It was published around 2001. ¬†I only got hold of this wonderful book 12 years after it was published. ¬†I regret not being able to get hold of it much earlier. ¬†I could have experienced a turnaround much earlier. ¬†I shouldn’t have done regretful decisions. ¬†I shouldn’t have purchased depreciating items with the use of a loan or credit cards. ¬†I could have invested much earlier on valuable financial instruments. ¬†I could have been much happier now. ¬†I could have been living the good life much earlier.

The turnaround might have come at a later time. ¬†But it is not yet too late. ¬†Long before I conceptualized this blog, I took it upon myself that I will make my life as simple. ¬†Life is already complicated, so why complicate it more by unnecessary things. ¬†I could have opted for a flashier car, but I opted for a simpler one. ¬†A flashier car requires a higher amortization. ¬†More money coming out of my pocket. ¬†As much as possible, I stay away from signature items. ¬†I want simpler ones. ¬†I learned to be happy on simple things which is the way it should be. ¬†I now opted to live in a simple home rather get a new one from an exclusive village which can eat up to my budget which I can use for investment and create wealth. Nothing beats the feeling of staying at home and spending quality time with my family rather than spending it somewhere else. ¬†Though we still go out, we make sure that it won’t be too often. ¬†Besides, we already have what we need at home. ¬†All the basic needs. ¬†All the basic reasons which makes me happy and want to live the good life even more. ¬†And that¬†is LOVE.

Have a nice day friends. ūüôā

A Truly Rich Club Member Anew

Finally, after weeks of coming up with a decision, I decided to rejoin the Truly Rich Club. Yup, you read it right. ¬†I rejoined the club. ¬†I actually joined the club a couple of years ago. I joined twice and I quit twice. ¬†Guess I’m not that ready to be a responsible club member during those times. ¬†But now, there’s no turning back. ¬†I got¬†to¬†do it right this time. ¬†I don’t want to be missing out on the great opportunities of being a member of this club.

TRCFor those who are asking what the Truly Rich Club is, as taken from its official website, it is a private group of individuals who are serious in changing their beliefs and thinking to gain the abundance mentality they need to change their lives forever.  This would not be possible without the guidance of its well loved founder, Bro. Bo Sanchez

My former boss actually introduced me to this man.  From then on, I became interested with his works.  I bought some of his books especially those which promotes financial literacy and inspirational works.

Now going back to the club, there are a lot of changes. ¬†There are still the all time favorites Stocks Update and Wealth Strategies but on how the website looks. ¬†It became more informative. ¬†The Strategic Averaging Method (SAM) table is being updated real time. ¬†I became inspired once again to make my investments work double time this time around. No more dilly dallying. ¬†I’m not getting any younger. ūüôā

There are additional blessings for the members.  One of those is the 100K Term Life Insurance.  Members can avail of this benefit if they are already a member of the club for one (1) or have fully paid the one (1) year membership.  For those who can afford, I recommend paying for the one (1) year membership in full since you will be saving 20% of the full year membership if you really want to avail of the term life insurance.  For those who are interested, you may join here.

There is a membership fee.  But come to think of it, Bro. Bo supports a lot of ministries.  I just think of it as a form of tithing.  Its a great feeling if we can give with all our heart.

Well I think that’s it for now regarding my Truly Rich Club membership. ¬†I am looking forward making the most out of this experience.

And as Bro. Bo used to say, “May Your Dreams Come True”. ūüôā

My First Missed Opportunity in Mutual Funds

mutual fundBack in 2008, I was introduced by my former boss into mutual funds. ¬†That was the first time I’ve heard of such a thing. ¬†Before that, he told me that he will share something about investment. The first thing that came into my mind was the stock market. ¬†I was surprised when he told me things about mutual funds. ¬†My first question was, “What is that?”

I was introduced into something which was very new to me. ¬†I was not prepared for that. ¬†I don’t even know about Philequity. ¬†Which at that time, or even up to now, is the #1 Mutual Fund company in the Philippines.

So since I really wanted to try something new during that time, I opened up an account. I was told to open up an equity fund.  Whatever it is, I listened to him knowing fully well that as my former boss, he will never do such a foolish thing to me. I later learned that an equity fund invest 90% of the fund in equities and 10% in government securities. I will have a separate post regarding mutual funds and its different classification.

¬†Moving on, ¬†I shelled out P5,000.00 as the minimum initial investment. ¬†If I remember it right, the NAVPS of the fund during that time was 10.7. ¬†After opening the account, I never tried to add up to my investment. ¬†As the price went down to 7.5, I was discouraged. ¬†I’ve seen my money went down from the initial fund value. ¬†As it recovered back and reached P20/share, I decided to sell all my shares. ¬†Somehow, I was able to double my money. ¬†Doubling my 5,000.00 to up to 10,000.00 doesn’t even made me excited to keep going. ¬†Instead, I kept on living from paycheck to paycheck. ¬†My financial situation was¬†in total disarray.

Fast forward, after reading the Simplify book series of Bro. Bo Sanchez, that’s when I realized that I am a fool. ¬†I allowed an opportunity of a lifetime in the form of Philequity, to slip through my hands. ¬†Now, the NAVPS of that same fund is 34.6. ¬†The NAVPS trend makes me say tsk, tsk, tsk. :-(. ¬†See the uptrend from 2008 to 2015?¬†


Reading inspirational books made me decide that I must shape up or else my future will be compromised. I know it’s somehow late in getting my hands wet in the world of investments, but I am sure that it is not too late.