Shocking Reality on Investing!

Last Saturday, we were in Valle Verde to assist in the Truly Rich Coaching Seminar being run by Beaconlight of Bro Bo Sanchez . In that seminar we got a shocking fact from Edward Lee;a self made Billionaire, about how poor Filipinos are in Investing Literacy!

This is the shocking revelation...in Hongkong, there are only 7M people and out that 1.5M are into investing.... that is not the shocking revelation...this is is what is really shocking....in the Philippines, as of last statistics I know, we are 90M, guess how many are into investing on this same company CitisecOnline? Only 9000 people do invest!. Total investments average turnover we have on Stocks Market per day is only 3B pesos while it is 80 Billion HK$ in Hongkong. This is truly shocking reality!

In our country, Several hundred trillion pesos are in the savings account and these are mostly remittances of OFWs and seafarers. Many millions more of employees who put themselves on the grindstones of daily work put their money on savings account not knowing that their money will double only after the next 144 years!

Indeed many of us do not know that the money we earn if properly invested can earn more money for us. Not so many know how to be financially free, without the need to work, with passive income through interest earnings from investments. Not too many know how money can work for us. Not too many trust the financial institutions.

This reality makes us more fired up to do our mission to bring sight to the blind and hearing to those are deaf as far as investing is concerned. We have a stronger resolve to help and reach out to as many people we can to teach people how they make their hard earned money work for them. That there are legitimate companies who are willing to help people achieve their financial goals.

Bro Bo is consistent and has constant drive to make people aware that being Truly Rich is a good thing and through saving and investing we can achieve it. It is our ardent prayer that we will succeed in our mission in making Filipinos be financially literate and disciplined to be investors too! We want to be proud of the Philippines as the country with most number of investors!

God be with us in this mission!

God bless!

NETWORKING...Good or Not Good!

Alive, Fern C, Vital C, Vita Plus, Amway, Forever Living, Nu Skin, and many other networking companies are thriving.

People of different background also join in. I find nothing wrong with network marketing. But certainly, I am a bit wary of the products and the schemes. The details. Robert Kiyosaki, espouses network marketing strategies and I subscribe to the notion that it is the best marketing invention. 

However, I would not consider all companies that employs this strategy is good and is really after the good of its members. How do you know that the networking company you joined is good? Here are some general guide to help you: 

 1. The Product: This is the core of the business. The product must really be helping people change or improve for the better. The product must have proven track record, test results on a long term. It must be a basic requirement or a replacement of an existing need. 

 2. Product's Lifespan: The product must have long shelf life. It is not easily expired or outmoded or surpassed by another new product. 

 3. Product Volume Load: The first acquisition volume of the product must approximate your use for at least a month. If it is more than what you can consume, and it is not compliant either to item 2 above, then you've got problems in inventory spoilage. 

 4. Product Cost: You should know the actual product cost. It must be priced same if not lower than similar products or what you can get out the shelf or from other supplier. 

 5. Product Consistency: The product must be consistent in it efficacy and this has something to do with its quality and how it is manufactured. I hope you really think many times over and go through the five items above before you jump in and join! 

God bless!