Inspiring Article from Bo.Sanchez (You Have A Choice: Drink Now Or Drink Forever)

Hi! Have a blessed day to you my friend, today another great article I've read from Bo.Sanchez that I want to share with you. The article is about investing, the money you have today even a small amount if you put in a money pump can produce more money for you. But you have a choice you can spend the money you have today or invest it to let it grow so that it will produce more money for you. The choice depends on you as I always said "You are the master of your own money". To know further about it continue to read the article, an excerpt from Bo.Sanchez blog How To Be A Billionaire.  

One day, a man got lost walking in the desert.

       The next day, he was still lost.

After two days under the scorching sun, he was very thirsty. 

       All of a sudden, he saw a little wooden shed.

       He ran to it, thinking of only one thing—Water!

       When he arrived there, he saw an old, rusty water pump sticking from the ground. He gripped the handle and began pumping like a mad man. 

But nothing came out.

       Disappointed, he stepped back how to make it work.

       Looking around, he saw a jug covered with dust.

       When he grabbed it, he saw a piece of paper stuck on it. The message read, “Open this jug and you’ll find water. Don’t drink it. Pour it instead on the pump. And you’ll have all the water you want.”

       He popped the cork. 

True enough, the jug was filled with water. Lovely, thirst-quenching, water.

       Now imagine you’re that thirsty man. 

For two whole days, you haven’t drunk water. Your mouth is so dry, your tongue is sticking to the roof of your mouth. You’re literally dying of thirst. And you’re now holding a jug full of water. But the message says that you should throw it away!

       For a moment, your heart is torn. 

What if the message was a joke? A cruel prank? What if you poured the water on that rusty pump and nothing happened?

       But the man in our story chose to take the risk.

He closed his eyes, took a deep breath, and poured the water.

He held the handle and pumped like crazy.

A few seconds later, torrents of water gushed out. Indeed, he had more water than he could ever need!

He drank to his heart content. He also found water containers to bring with him in his journey and filled them up to the brim.

But before leaving the place, he filled the jug with water.

And underneath the sign attached to it, he scribbled, “I tried it. Believe me, it works.”

You Have A Choice:

Drink Now Or Drink Forever

This is a great picture of why people are poor.

The money that you hold now, no matter how small, is like that jug of water. And you always have a choice: You can drink now or you can drink forever. You can have money now or have money forever. 

How? By investing.

A lot of people don’t invest. 

They spend whatever they have.

I’ve met people who earn P10T a month or 50T a month or P500T a month—and they spend everything.  (Yes, I’ve met a lot of high-income poor people!) That’s why their money pump remains dry. And they’ll remain poor forever. It really doesn’t matter how much people earn. What matters is how much they invest.

Investment is a crazy decision.

It’s as crazy as pouring that last jug of water into the pump.

Friend, you have money now.

It may be small but you have it.

       And you’re standing in front of a money pump.

       Actually, three money pumps:

• Business: Traditional, Franchise, Networking, etc.
• Property: Rental Property, Buy and Sell, etc.
• Paper: Bonds, Mutual Funds, Stock Market, etc. 

But today, I’d like to focus on the “Paper” money pump. 

Not everyone can start a business right away.

Not everyone can buy a property right away.

But almost everyone can invest in Paper Assets.

Friend, you have a choice.

       Will you simply consume your little money?

       Or will you pour it into the money pump—so that it produces more money for you?

I call this sowing in time of famine.

Don’t Wait For Better Times

Before You Invest

       In the Bible, Isaac sowed in time of famine. 

Crazy, right?

Shouldn’t you keep whatever seeds you have to eat?

But because he did that, the Bible says, that year he harvested a hundred times as much as he had sown, because the Lord blessed him. He continued to prosper and became a very rich man.

Wow.

If you want to be rich, you need to sow in time of famine too.

When you have very little money, that’s the time to invest.

       Here’s a promise: The seeds that you sow in time of famine will give you your greatest harvest too.

       Do you want to prosper?

Here’s a Bible passage that will tell you how.

Proverbs 21:20 says, "The wise man saves for the future but the foolish man spends whatever he gets".

So that's it, in our life we have always a choice same as in investing, it doesn't matter the amount of money you have today because this small amount money still have a potential to create more money for you. But you have a choice whether to invest it or spend it. 

I Hope you are inspired & motivated in this great article by Bo.Sanchez, to read the whole article click here.. 

Thank you for visiting my blog and see you in my next post.May god bless you!

Also Read

Plant In The Spring Or Beg In The Fall

Do You Want Success? Stop The Blame!

Truly Rich Club & the Stock Market

Where I Should Put my Investment?
Why We Should Invest?

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 Do you want to gain Financial wealth & Spiritual abundance at the same time? Join us at the Truly Rich Club now! founded by Bo. Sanchez, its purpose is to "help good people become rich". Because of the guidance I get from the Club, I’m now investing in the Stock Market! I’m inviting you to join the Club too. If you’re interested, click the link here → Truly Rich Club.

Inspiring Story from Bo.Sanchez (The Only Way To Build Wealth Over Time)

       Hi! there have a blessed day to you my friend, today another great article from Bo. Sanchez that I have read I want to share with you. Building wealth does not require to have a big income or salary to achieve it. It requires patience, hard work, right attitude, determination and learning about how to grow your income. Here are the three things that Bo. Sanchez explains on How to Build Your Wealth Over Time;

1. Receive (Regular Income)

2. Retain (Simple Lifestyle)

3. Reproduce (Financial Literacy)

1. Receive (Regular Income)

If you want to become rich in your old age, the first requirement is to receive a regular income today.

Here’s the shocker: To build wealth in your old age, you don’t need super income, you just need steady income.

A lot of people think that income and wealth are the same. They’re not. A big income doesn’t equal big wealth.

       Let me tell you about Jack (not his real name). When I met him, he was President of a huge company and earning much more than P500,000 a month. 

His income was big. But so was his lifestyle. Jack drove luxury cars and travelled around the world. Always first-class.   He had a mansion in a plush subdivision.  Everyone around him knew he was wealthy. But they were wrong. 

Because throughout his working life, the most he saved was one million pesos. (That may be big for you and me, but to him, one million will last two months.) Why didn’t he save? Because he was banking on his fat retirement pay. Reason: He worked in that company for 20 years.

True enough, when he retired, Jack received P10 Million.  

But he never changed his lifestyle. After only 2 to 3 years, he woke up one day with all his money gone.  Soon, he sold his cars. Soon, he was asking money from his children.

       What happened?

       He did Step 1. He received an income.

But he never did Step 2 or 3.

2. Retain (Simple Lifestyle)

       People say money can’t buy you happiness. I agree.

       But face it, happiness requires a minimum level of money. I don’t live in Lala-land. We’re human beings with physical bodies that need stuff to survive and be happy.

       But the other side of the coin must be pointed out as well. After we reach our “Happiness Point”, more stuff won’t make us happier.

When it comes to possessions, I’ve reached my “happiness point” a long time ago. Any more possessions won’t make me happier. In fact, I believe the opposite happens: After reaching my happiness point, more possessions will lessen my happiness. (See graph below.)

Where Is Your Happiness Point?

                                    

Why does this happen? Because more possessions will mean more clutter, more stress, more worry, more envy, more costs, more taxes, more insurance…

Jack, the former company President, spent all his income. Like many people, he was enslaved by the hypnosis of materialism. 

To avoid the hypnosis of materialism, don’t swallow the world’s definition of “Rich.” You need to define what it means to live a “Rich” life.

Let me give you an example…

Does Your Pail Have A Hole?

       Building wealth is like collecting water in a pail. 

If there’s a hole in the pail, the water will just drip out—and you won’t be able to collect any water. 

That hole represents materialism.

What do you need to do? Plug the hole. And the only plug that can cover that hole is simplicity. If you don’t live simply, money will keep going out of the hole.

But alas, even simplicity isn’t enough. Plugging the hole in your pail isn’t enough. You need to constantly put new water into your pail…

For that, you need the third element…

3. Reproduce (Financial Literacy)

Retaining your money isn’t enough.

Why was Abraham wealthy? He didn’t only retain, he reproduced. The Bible says,Abram had become very wealthy in livestock and in silver and gold. (Genesis 13:2) At his time, wealth was measured by the heads of cattle, sheep, and goats that you had.

       Here was their rule to wealth: If you wanted to become rich, don’t eat or sell all your animals. You have to keep some of them to reproduce after it’s own kind. The more animals you reproduce, the richer you become.

One sheep can give birth to one to three lambs every year. That’s a growth rate of 100% to 300% a year.

       The secret of wealth is to keep your wealth reproducing after its own kind.

Where Do You Invest Your Money?

       I’m not asking you to buy cattle, sheep, and goats. Times are different today. There are only three places to invest your money: Paper Assets, Business, and Real Estate. (Note: Paper Assets mean the Stock Market and Bonds.)

       Not everyone can start a business or buy an income-generating property now. (In time, yes, through financial education.) But I believe you can invest in Paper Assets now.   Out of the three kinds of investments, it’s the easiest investment to make in your life.

       Specifically, if it’s a long-term investment, I encourage you to invest in the Stock Market. I don’t believe that you should trade. That’s dangerous. I’m talking about putting 20% of your salary each month in giant companies for years—disregarding the ups and downs of the market. If you follow this simple system, the Stock Market is the best, safest, and most effective way to build your wealth in your old age. (I teach this powerful system of investing. To watch me talk about it, click here.)

       I know that’s a controversial statement, but suspend your doubts and hear me out first.

May your dreams come true,

       Bo Sanchez

So that's it, in summary building wealth does not require big income instead a regular income, then live in a simple life and last learn how to invest to grow your income.

I Hope you are inspired & motivated in this great article by Bo.Sanchez, to read the whole blog click here.. 

Thank you for visiting my blog and see you in my next post.May god bless you!

Also Read

Plant In The Spring Or Beg In The Fall

Do You Want Success? Stop The Blame!

Truly Rich Club & the Stock Market

Let's talk About SAM in the Truly Rich Club

Question & Answers About the Stock Market

P.S.1 Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S.2 By the way I joined truly rich club, dahil sa club binuksan nila ang aking kaisipan about investing, saving at iba pa. They guide me and motivate me to reach my financial goal, iniimbitahan ko din kayo to join us click here to sign up.

Inspiring Story from Bo.Sanchez (Let Small Problems Remain Small)

Photo credit: nelemson.tumblr.com

Hi! I will share with you a good article I've read from Bo.Sanchez "Let Small Problems Remain Small". This article is about how we deal with our problem, how do we react and why we should not react so exaggerated and make it a big problem. Don't make your life complicated because of the small problem that you make it big continue to read.

Benjamin Disraeli said, Little things affect little minds.

I know of people who treat every little conflict, every little irritation, every little obstacle as a life-and-death emergency.  I pity them.  Because if we want to win in life, a master skill that we need to learn is the ability to let small problems remain small—and believe me, most of our problems are small.

Wisdom is knowing what to overlook.

Many years ago, before I became a personal finance teacher, a friend of mine asked for help.  He was working for a credit organization and wanted me to invest there so that he could earn a little from the commission of my investment.  So I liked the interest rates he was giving me and dumped half of my life savings in his company (I repeat: At that time, I still had zero financial literacy.) 

One morning, I learned that his whole company collapsed and I saw all my money disappear in a wink of an eye…

That was half of my net worth.  Zapped to oblivion.

But I was amazed at my reaction.  I sighed and shook my head and said, “Oh well, that’s just money anyway.  I’ll earn it back.”  I then prayed, “Lord, can I ask a favor?  Can you give back to me the same amount seven fold ”   After that, I walked home with peace in my heart and continued to live my happy life.

I could have reacted differently.  I could have blown up, focused on the negative, and gone to depression.  I could have panicked about my future, punished myself eternally with regret for not being more careful, or stirred up resentment for that darn company.  But I chose not to because life is beautiful.  There were still so many things to be thankful for!

Has someone criticized you unfairly?

Did it rain during your out-door party?

Has a friend taken you for granted?

Is the office air conditioner conking out again?

Has another car just cut you in traffic?

Did your husband forget to fix the faucet?

Did the washing machine rip your favorite shirt?

You could decide to make a big issue out of it, use it to destroy your day, make it an excuse to be bitchy towards your family, and allow it to complicate your life.

       Or you could choose the simple path.

       The choice is really yours.

Question: How do you react to problems?  Try to think of a current problem now and then look at the bigger picture of life.  Ask yourself: Will this problem matter twenty years from now?   

Let small problems remain small.

Subscribe to my blog to receive my latest post directly to your email Inbox it's free>>Subscribe to My Personal thoughts About Life ..

P.S. 1 For more inspiring articles like this go to Bo. Sanchez. ph.

P.S. 2 Do you want to gain Financial wealth & Spiritual abundance at the same time? 

 Join us at the Truly Rich Club now founded by Bo. Sanchez, its purpose is to "help good people  become rich". Because of the guidance I get from the Club, I’m now investing in the Stock  Market! I’m inviting you to join the Club too. If you’re interested, click the link here Truly Rich  Club.