Think Rich Pinoy Wealth Seminar Last March 17,2012

The Last Think Rich Pinoy Wealth Seminar was held is the Citisec Training Room 24th Floor East Tower Tektite Building last March 17,2012.

Yours truly was invited to be one of the speakers. Other Speakers aside from Larry Gamboa were:


1. Bro. Alvin Barcelona
* Feast Builder of Light of Jesus Community.
* Rock-Preacher
* Enterprenuer. Owns a School and other mico businesses.


2. Jay Castillo
* Owner of www.foreclosurephilippines.com
* Real Estate Investor and Licensed Real Estate Broker



3. Aya Laraya
* Realtor
* Writer
* TV Host
* Certified Securities Representative
* Certified Investment Company Representative

3. Marivic Salva-Angeles
* Real Estate Investor
* Licensed Real Estate Broker
* President of Happy Homes Realty
* Marketing Consultant of Think Rich Pinoy Realty

4. Grace Lucker
* Interior Designer
* Handy Woman
* Owner of Urban Dweller Management Creative Solutions



5. Eden Alemania-Dayrit
* Chemical Engineer turned into a successful Real Estate Investor.
* Bought, Renovated, Leased and Sold more than 28 Real Estate Properties.


6. Ronald Cagape
* Real Estate Investor
* Licensed Real Estate Broker
* Resident Cashflow Game Master of the TRP Wealth Seminar
* Publisher of www.livingcashflow101.com and www.smalldealblueprint.com


Each Speaker discussed different topics related to Real Estate.

Bro. Alvin was the first speaker. He discussed the Theology of Money. It sets the mood and mindset of the attendees on the purpose of wealth. He also discussed the strategy he used in acquiring the real estate property where his school is now operating which is the FIND > FUND > FIX > KEEP strategy.

Sir Larry Gamboa was the second speaker. He talked about how he got into real estate and how everyone can be a MAVEN or Expert in REAL ESTATE. He said that ACTION Brings CLARITY. We need to act to get things together.

I was the 3rd Speaker. I related Stock Market and Real Estate. I mentioned why we need to invest in both vehicles. I compared the two side by side based on nine criteria. I also discussed WHAT strategy I used, WHY and HOW I DO IT as shown below.

The fourth speaker was Jay Castillo. His topic is doing the numbers in Real Estate. He gave a CASE STUDY and also showed how to compute the ROI in real life as shown below:

Next was Aya Laraya. He discussed more about Building Wealth in the Stock Market and Citisec's EIP Program which is the better way to go in the stock market than doing market timing.

Maves Angeles was the next speaker. She discussed the Five Ways to Prosper in Real Estate as shown below.

Grace Lucker spoke after Maves and discussed how to stage and rehab an ugly property. She mentioned that a real estate investor shouldn't be afraid to buy ugly houses because it is easy to make them pretty. She also showed pictures of some of her great projects. She also mentioned that looking for a great property, we need to look for the Triple D:

Eden Dayrit spoke next to Grace. She shared her background and how she got into real estate. She mentioned that she went into hiatus for a year to work on some important matter but now that it everything is running smoothly again, she will be back into real estate investing. It was noted that even though Eden went into hiatus for a year, she was able to get by because of the passive income she's getting from her previous real estate investments.

The last part of the Seminar is the Cashlow Board Game which was spearheaded by Ronald Cagape. All the attendees enjoyed the game. I was blessed to be one of the facilitators and also learn strategies from the players. Ronald also announced the launching of his new site (www.SmallDealBlueprint.com).

Without being biased, I can say that the attendees were happy after the seminar based on their written feedback. Being a servant in the TRP seminar for the past few months changed my life. Every now and then, I learned new things. I attended the TRP Seminar May of 2010. It's been almost two years and I am still learning by serving. Every seminar is different not only because of the topics discussed but also because of the people I meet and knowing that in one way or the other we learned from each other. It also gave me a feeling of fulfillment knowing that I was able to be part of the TRP vision of creating millions of Filipinos by 2020. I also want to quote Sir Larry on what he said during the TRP Mastery Academy that " Experts are students first, servant always".

I hope to see you in the Next TRP seminar on June 02,2012. I am not sure if I will be invited to talk again but I am sure that I will still be there to serve by facilitating in the Cashflow Board Game.

May our Dreams Come True!

Book Review: The Turtle Always Wins by Bo Sanchez

Book Review: The Turtle Always Wins
(How to Make Millions in he Stock Market) 
Author: Bo Sanchez

Last March 18,2012 after The Feast in PICC, Bro. Bo Sanchez launched his new book about Investing in the Stock Market. It is a follow-up of his book " My Maids invest in the Stock Market".

As you can read from my previous posts, I am also promoting Investing in the Stock Market.The moment I got hold of the book, I couldn't let it off my hands. I started reading it while in the car and finished it at home.

It was a such a great book. I am happy that there are now books available in bookstores discussing Investing in the Stock Market in Layman's Term. The words and stories used by Bo made Investing in the Stock Market simple and understandable.

The book discussed the need to invest and compared the different people found in the Stock Market. Bro. Bo compared them to 4 different animals such as a squirrel, rabbit, sloth and a turtle.

Chapter 1 of the Book (Plant in the Spring or Beg in the Fall) was successful in setting up the mood to convince Filipinos to invest for our retirement. Bo narrated the story of two grandmothers who had different strategies on handling money during their younger years and how it affected their old age.

Lola Penny was a CPA who worked in a company for 38 years. She saved for big expenses but failed to save for her retirement. She relied on her company's retirement package. After retiring, she got 3M. She was not good in handling it so after 7 years, it was totally wiped out. She started depending on her children who also had problems financially. She even heard her daughter complaining to her "kuya" about the money she spent for their mother's medicines. This one really broke her heart.

On the other hand, Lola Pilar worked as a cashier in a music store for 19 years. She got a separation fee of P2000 which she invested in the stock market in 1966. She also put add'l money in the stock market whenever she had extra. She and her husband only invest in giant companies. They sold portions of the investment little by little for big expenses. At age 85, she withdraw everything and got an oozing P 1.2M. She became a millionaire through the stock market.

Bro. Bo emphasized that God gave us a choice and ability to create wealth. If we retire in poverty, it is not God's fault.

In chapter 2, Bro. Bo said that we can be rich. But it would be better if we can take others along to richness. If we follow the turtle strategy, it is not impossible for us to get rich.

Bro. Bo compared Investing in the stock Market with a RACE. The four different People in the Stock Market are the Animal Runners.

In the Story, the Turtle won first place. The Rabbit got the 2nd place. The sloth was 3rd while the squirrel was a no show. No one really knows what happened to him. Some say, he got lost and was killed by a bear.


Squirrel is the Typical Trader. 

It represents the newbie who gets into the stock market without understanding what he's getting into. It also represents the old-timer in the stock market. He earns some and loses some. It represents the 85% of people who get into the stock market and lose their money.

They want excitement. They look at their stock portfolio everyday. They buy now and sell a few days later or something within the day. They don't follow the rules and try to take a lot of shortcuts.  They are the typical gamblers

Some of them are devious. They fool other traders. They tell their friends to buy a certain hot stock, and when the price goes up, they'll sell and leave their friends an empty bag.

These typical traders can get lost in their trading and get killed by a bear market.


Rabbit is the Trained Trader.

Rabbits are also traders but trained. Trading is their full-time job. They follow very strict rules like:
1. They don't buy penny stocks. Only Giants.
2. They don't put more than 5% of their money in a specific stocks.
3. They never end a trading day with more than 30% of their money in the stock market to avoid surprises. They are still conservative.

Some rabbits break rules once in a while. Temptation is high on the floor. And because of these they only won second place. Because they lose part on their earnings along the way.


Sloth is the Typical Investor.

Sloth is a typical investor who buys and hold. He parks his money in a stock market and forget about it. Usually it's a huge amount of money. One time, Big Time.

According to Bro. Bo, it is a good strategy but not the best. It is recommended but with few conditions mentioned below:
1. You need to have a big chunk of money.
2. You need to buy a basket of great companies that you believe will be great for the next 20 years.
3. You have to buy when the market is down or flat.
4. You got to reinvest the dividends.


Turtle is the Trained Investor.


A Turtle investor does the most boring investment strategy in the world. He invests small amounts of money each month in great companies. He doesn't care is the market is up or down. He invests regularly and puts more money when the market is down.

Their goal is to earn 12% to 20% each year over a 20 year period.


HOW the TURTLE Beats the SLOTH?
- by reinvesting the dividends. Call it compounding.

HOW the TURTLE Beats the RABBIT?
- Rabbits will always be partially invested. Turtles are almost always invested. He can take advantage of the compounding effect.

HOW to FOLLOW the TURTLE?

1. Turtle lives below its means.
- Your expense should grow slower than your income.

2. Turtle builds his farm before his home.
- Secure your livelihood before your lifestyle.
- Establish your income stream before your expense stream.
- The perfect time to invest is when your money is still very scarce.

3. Turtle Invests his windfalls
- Aside from the regular habit of investing 20% of your income, also invest windfalls like bonuses, commissions, cash gifts and profits from side businesses.

4. Turtle Invests when its difficult to invest.
- Build wealth when everyone is afraid.
- Invest even if there are crisis.

5. Turtle Works in Cash Machines, Not Stocks
- You can't invest in the stock market if you don't have a cashflow.
- Spend 99% of your time on your business. Create your cashflow. Increase and Multiply it.
- Then spend 1% of your time investing that cashflow in the stock market.

6. Turtle Believes He'll Win
- You need Wealth Competence but more importantly Wealth Consciousness.
- Mind first then Reality.
         LAW#1 You will gravitate towards what you unconsciously desire.
         LAW#2 What you can see, you can create. What you cannot see, you cannot create.


The TURTLE has a name. We call him SAM.
SAM is an acronym for Strategic Averaging Method.
It is semi-passive investing
SAM is passive investing with a little bit of "cheating" or "timing".


Five Rules of Passive Investing
1. Invest monthly for 20 years or more.
2. Invest even when there's a crisis.
3. Invest only in giants.
4. Invest in many giants.
5. Buy when the price is beneath our "Buy Below Price". Sell when the price is near our "Target Price"


Three Big Advantages of SAM
1. Faster Giants - Lesser Choices
2. Lower Prices - Buying at cheaper price. Make money when you buy. This prevents chasing a rising stocks.
3. Secured Profits - Lock your profits from a company that gone up and reinvest the proceeds to another company that has still room to grow.


At the end of the book, Bro. Bo invited the readers to become a member of the Truly Rich Club to maximize your earning potential in the stock market. Truly Rich Club Members gets Bro. Bo's Stock Update eReport, Wealth Strategies Newsletter and Stock Alerts.

I am a member of the Truly Rich Club for 2 years now. And it was all worth it. The membership fee I pay monthly is very little compared to the profits and gain I got following Bro. Bo Stock Alerts. I do believe (like the Turtle) that We Can Win if we follow these Rules mentioned in the Book.



I highly recommend this book!!!

In Summary:
Price: Php 225 only (got mine for only Php200 during the book launch)
Content: Super Check
Recommended: Super Check

Feast PICC Talk Series: Break Feast with Special Sharing by Edward Lee 030412

The Overflow Series Officially Ended last Sunday with a BREAK Feast. There was no talk but a sharing by Edward Lee.

But Who is Edward Lee???

Back Track:
Edward Lee did not come from a rich family. Her mother was a teacher and her father was an ordinary door-to-door salesman. He is a college drop out because he doesn't like school.


Fast Forward:
Edward Lee is the Chairman of the Board of CitisecOnline.Com Inc. He has held this post since 1999. He is Chairman of the Board of CSI since 1986 and Chairman of the Board of CitisecOnline HK since 2001. He served as Nominee of CSI to Manila Stock Exchange (MSE) and the PSE. In addition, he is the Chairman and Chief Executive Officer of the CWC Group of Companies which includes CWC Development, Inc., Barrington Carpets, Inc., Citimex, Inc. and CWC International, Inc.

He shared his Secrets to Success:

1. Have a Purpose

- Write down your Goals

2. Build Relationship

* Build relationship to the people who are critical for the success of your business

- Employess

- Customers

- Suppliers

- Bankers

3. Have Integrity

- Honor what you commit

- Do what you SAY.

4. Financial Literacy

- Know the Principle of Receive, Retain and Reproduce.

5. Generosity / Tithe

* Give Back to God for everything that we have was from Him.

Looking back at who he was to who he is now is so inspiring. But according to him, it was all because of his parents. He is a "Product of Unconditional Love". Even though he was failing at school, he never heard his parents telling bad things on him instead they encouraged him to do good. Thus, he encourages all parents to spend more time with their children and bless them instead of telling them words that will offend and destroy them. He also mentioned that " There were NO Bad Children, Only Bad Parents".

It was a short talk. I think it was less than 15 minutes but Edward was able to deliver the message to becoming successful. Everything must be written. Trust God. Love others. Do the work. Give back to God.

His talk blessed me. I hope this will bless you too!

 

Note:

A Break Feast is not a typical Feast. We have this every end of a Talk Series. A Break Feast is where we spend more time with the Lord, praising, worshiping Him or just being with Him. The Break Feast last Sunday was made special by  the Anointing of the Feast Attendees Hands. This is to receive God's Grace and Bless the works of our Hands. 

Book Review: Secrets of the Millionaire Mind by T. Harv Eker

I've already been hearing about T. Harv Eker from the seminars I have attended and maybe people I have meet but never really took attention on him. However, few days after finishing the book "Ang Pera na hindi Bitin", I went  to a bookstore looking for another book to read and chanced upon this book of T. Harv Eker. I got curious about the Title and bought it together with another book on Warren Buffet.

I am very glad that I bought this book. It was awakening and very comprehensive. It was divided into 4 parts namely:

a. "Who the Heck is T. Harv Eker and Why Should I Read this Book?"

b. PART ONE: Your Money Blueprint

c. PART TWO: The Wealth Files

d. "So What the Heck Do I Do Now?"

At first, I thought that I gonna be bored reading this book because of the long chapters. But it never happened to me. A had a lot of realization while reading it.

Harv discussed our Money Blueprint, where it came from and how it affects our thoughts, action and attitude towards Money. He also mentioned steps and ways on how can we change our money blueprint for the better. 

He also used some mathematical equations which are:

1. T > F > A = R

Thoughts Leads to Fear

Fear Leads to Action

Action Leads to Result

2. CZ = WZ

Comfort Zone equals Wealth Zone. By expanding your comfort zone, you will expand your income and wealth zone.

On part Two of the Book, Harv discussed the Seventeen (17) Ways Rich People Think Differently from Poor and Middle Class People which are:

1.  Rich people believe “I create my own life”.  Poor people believe “Life happens to me.”

2.  Rich people play the money game to win.  Poor people play the money game not to lose.

3.  Rich people are committed to being rich.  Poor people want to be rich.

4.  Rich people think big.  Poor people think small.

5.  Rich people focus on opportunities.  Poor people focus on obstacles.

6.  Rich people admire other rich and successful people.  Poor people resent rich and successful people.

7.  Rich people associate with positive, successful people.  Poor people associate with negative or unsuccessful people.

8.  Rich people are willing to promote themselves and their value.  Poor people think negatively about selling and promotion.

9.   Rich people are bigger than their problems. Poor people are smaller than their problems.

10. Rich people are excellent receivers.  Poor people are poor receivers.

11. Rich people choose to get paid based on results.  Poor people choose to get paid based on their time.

12. Rich people think “both”.  Poor people think “either/or”.

13. Rich people focus on their net worth.  Poor people focus on their working income.

14. Rich people manage their money well.  Poor people mismanage their money well.

15. Rich people have their money work hard for them.  Poor people work hard for their money.

16. Rich people act in spite of fear.  Poor people let fear stop them.

17. Rich people constantly learn and grow.  Poor people think they already know.

I agree on all of these ways. I haven't mastered all of them but trying my best to correct my thinking. And put into practice all the things I learned because according to Harv, by doing so, we can quickly move to a higher level of life. 

We also need to understand the order to success for the Rich which is:

BE > DO > HAVE ~ If I become a successful person, I will be able to do what I need to do to have what I want, including a lot of Money. 

I believe that this book must be part of the first books for Financial Literacy because Harv was really successful in bringing out the root cause of our money problems and how can we effectively correct it.

Harv also mentioned some of the great investments we can focus on like Stocks and Real Estate. He even mentioned "Don't Wait to Buy Real Estate. Buy Real Estate and Wait".

Aside from the Rich Ways, there are also parts in the book where we make declarations which are listed below:

Place your hand on your heart and say the following declarations…

“My inner world creates my outer world.”

“ What I heard about money isn’t necessarily true. I choose to adopt new ways of thinking that support my happiness and success.”

“What I modeled around money was their way. I choose my way.”

“ I release my nonsupportive money experiences from the past and create a new and rich future.”

“I observe my thoughts and entertain only those that empower me.”

“I create the exact level of my financial success!”

“My goal is to become a millionaire and more!”

“I commit to being rich.”

“I think big! I choose to help thousands and thousands of people!”

“I promote my value to others with passion and enthusiasm.”

“ I am an excellent receiver. I am open and willing to receive massive amounts of money into my life.”

“I choose to get paid based on my results.”

“I always think ‘both.’ ”

“I focus on building my net worth!”

“I am an excellent money manager.”

“My money works hard for me and makes me more and more money.”

“I am committed to constantly learning and growing.”

Touch your head and say… “I have a millionaire mind!”

Harv believes that these declarations are powerful but this would not give us any result until we ACT. Talk is cheap. Our Action is the one that will count.

I highly recommend this book!!!

In Summary:
Price: Php 335 only in NBS
Content: Check
Recommended: Super Check

Feast PICC Talk Series: Talk 3 - Tips vs. Tithes 022612

This is Part 3 of my blog posts about the Feast PICC Overflow Talk Series. If you were not able to read my previous posts, please click these links: Talk 1 and Talk 2.

Malachi 3:10

Bring the whole tithe into the storehouse, that there may be food in my house. Test me on this, "says the Lord Almighty," and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.

Talk 3 is about Tithing. Bro. Bo described Tithe as a starting point of grateful giving. It is like a training wheels of a children bicycle. We need to start with this training wheels before we can go on our own. In the beginning, GOD gave us everything we need and He is only asking for 10%.

Bro. Bo simplified the Topic by telling a story about a beggar and a rich man. Once there was a Beggar who met a Rich Man. The beggar asked for money but the rich man didn't want to just give him money, instead he made an agreement with the beggar that he will give the beggar products to sell and a place where he can sell the product. The beggar can't believe this great blessing and agreed with the rich man to meet after 30days. He only needs to give 10% of the sales to the rich man. The beggar had a good sale and after 30 days he was still awed with the huge money on his hand. While trying to set aside the 10% for the rich man, a part of him felt that it is not fair to give the 10% to the Rich Man because he did all the hard work and he didn't even see the rich man in the past 30 days. 

We are compared to this beggar. And the rich man is God. God asked for only 10% but sometimes we feel that it was not fair to give 10% to God because we did all the hard work. But the truth is, everything we have is from him.

Many people thought that Tithing was an Old Testament thing. But Bro. Bo explained that it is never omitted in the New Testament. The Old Testament says 10% and The New Testament says: give based on how grateful you are.

Malachi 3:9
Dare a man rob God? Yet you are robbing me! And you say, "How do we rob you?" In tithes and in offerings!

The Bible verse above also said that we are robbing God if we don't give our tithes. God is encouraging us to give. Give More so that we may Receive More. Let us allow the flow of blessing because by this, we also allow the flow of generosity.

Tithing is similar to breathing. If we inhale, we have to exhale. If we eat, we need to defecate.

Bro. Bo also sited the difference of the Sea of Galilee, Jordan River and Dead Sea. Life is about giving. Life is present to the Sea of Galilee and Jordan River because they are giving. Sea of Galilee gives water to Jordan Riven while Jordan River gives Water to the Dead Sea. The Dead Sea gives water to no one. This is the reason why no life is seen in the Dead sea.

God encourages us to give big. Be the Best Giver. Not for us but for God because we have a Big and Generous God. 

Bro. Bo also tries to answer three of the most commonly asked questions:

1. Where should we give our Tithes?

It should be given to the community that nourishes us that it may also nourish more people.

2. Should our Tithe be based on Gross or Net?

We need to decide whether we want our blessing to be based on our Gross or Net.

3. Can the financial help we give to our relatives be considered tithes?

No. These are alms.

To summarize, Tithing is a discipline God gave us to test our generosity. The more we empty ourselves, the more we opened ourselves to God's blessings. 

May God continue to shower us with blessings as we learn to give more than 10% of what truly belongs to Him.