Truly Rich Club GOLD Mastermind 09.28.14

The Truly Rich Club GOLD Mastermind is a new program of Bro. Bo Sanchez for the Truly Rich Club Members. It started aftere the Wealth Summit last February 2014.

The Truly Rich Club GOLD Mastermind is a quarterly event EXCLUSIVE for Truly Rich Club members ONLY. It is a half-day event of learning and bonding with other TRC Members.

To date, there were already three (3) mastermind sessions that had happened. But it is only our (me and my husband) first time to attend because of some conflicts with our schedules.

According to Bro. Bo as well as the other Truly Rich Club members who have been attending the previous masterminds, each Mastermind is different. Each session, Truly Rich Club Platinum Members and other mentors are taking the stage and sharing ideas on how we can create multiple income streams.

For the Mastemind last Sunday, we're able to learn from Vera dela Cruz, TJ Manotoc, Bro. Bo Sanchez and Jay Paul Hernandez.

Below are the things that I had noted during their sharing:


VERA DELA CRUZ
Events Organizer/Planner of Whitekraft Events Solution
27yo :)

1. Obedience to Parents = God's reward.
> From the start, she wanted to be an events organizer but her parents wanted her to become a nurse. She obeyed her parents. She graduated as a nurse. Worked for 4 years as a nurse. Then, resigned and pursued her dream. Her journey as a nurse was not put to waste because a lot of her clients today are her colleagues, friends, classmates and doctors from the hospital where she worked from.

2. Keep on Dreaming. Have a Vision.
V - isualize it
I - nternalize it
S - speak about it
I - nitiate it (take the 1st step)
O - wn it
N - urture it and TRUST GOD


TJ MANOTOC
Broadcast Journalist / Social Entrepreneur.
Initiated the program/business " SWITCH to SAVE"
Tag Line: Switch Brand. Save Lives.

1. What is Social Entrepreneurship?
Social entrepreneurship is the field in which entrepreneurs tailor their activities to be directly tied with the ultimate goal of creating social value.

2. Why a need for Social Entrepreneurship? Donor Fatigue

3. Product of Necessity vs. Product of Choice. The former is better.

4. SWITCH to SAVE Products to date: Angel's Secret Sanitary Napkin, CleanAll Soaps.
Why Napkin? 70% of Payatas Trash are napkins and diapers. Angel's Secret napkins are biodegrable.
*** To be a dealer: Minimal Capital. Only Requirement is a Big Heart.

5. Have a story to inspire.


BRO. BO SANCHEZ
1. The Main Goal of Truly Rich Club is "Helpng Good People become Rich"
2. Update on his maids' stock account which is now at Php740k and she's only 31yo. She's be having 30M when she retires :)
3. It's a DONE DEAL!!! All TRC Members will become Multi-Millionaires.


JAY PAUL HERNANDEZ
Former HR Personnel
Feast Builder in Greenhills

1. PASSION is like looking for a perfect shoe. It should suit your style, your taste, must fit well and must be comfortable.
2. Don't live day to day.
3. Live for something bigger than yourself.
4. The Best is yet to come.



After the talk, the attendees were divided into 10 groups. Each group was facilitated by a Truly Rich Club Platinum member. They are not being paid for this but it is their way of giving back. It was a great experience. We're able to know our mentors more and able to meet and greet other TRC members. In our group, we've learned that many of us have similar passions (writing, events organizing, music, etc.). We become instant friends. We actually all agreed to have an FB group where we could exchange questions and ideas. It was indeed a fun learning experience for us.

In summary, we learned a lot from this mastermind and we believe that there are a lot of things that we could still learn if we continue to attend the quarterly mastermind. We hope that you could also join us.

For more details on How to be a member of Truly Rich Club Member: CLICK HERE

Money Summit and Wealth Expo 2014

Sorry for being MIA again in this blog. I don't want to make any excuses. :) Practicing "NO EXCUSES Management". ;)

Anyway, this is my second time attending the Money Summit. I attended last 2010. Review of the summit for that year can be found here.

I was blessed enough to be able to attend the Money Summit and Wealth Expo 2014 for FREE. It was indeed a BIG Blessing. I was thinking of attending the summit months before but never take any action. I just keep on asking people if they will attend the summit. Unluckily, friends I wanna go with was not going and it made me think of attending as well. Call it lame excuse and procrastination. But maybe nothing just happen. OR should I call it "LAW of ATTRACTION".

Few days before the summit, a friend of mine who is also a speaker in the summit ask me if I wan't to attend the summit because she has 1 more available slot for her delegates. And who am I to say no to such a good offer. It was an answered prayer.

Prior to the event, I can't make up my mind if I want to attend stock market and real estate investing because I am doing both. I want to attend both but I can't because they are happening at the same time.I need to select the classes I would attend. But on the day of the event, I got surprised when the ID Badge given to us as delegates were VIP.  It was a JACKPOT because paying for such option would cost me Php20,000. Dilemna solved. And so, I attended the Stock Market Investing classes in the Morning and Real Estate Classes in the Afternoon. And I would say, I learned a lot. It empowered and inspired me again. It puts me back on track from my hibernation.


Let me share with you some of the key points I learned from the two day seminar.

DAY 1

Fitz Aclan: Making Money at any Market using Technical Analysis
What to know:
1. What is the trend?
When will the trend change.

Manulife Presentation : Estate Planning
Wealth is Relative. The more wealth you have, the more relatives you have and vice versa ;)
Estate Planning is imporatant, esp. if your assets are not liquid.

Salve Duplito: Scam Busters
Php 60B - Lost in Scam
It is our duty to share the noise on SCAM.
People into Scams normally doesn't want to admit that it is a scam that they get into, because normally, if no one makes a noise, they will continue to earn until the mastermind run with their money. :(

Hans Sicat
President of PSE
What's up with PSE???
1. PSE EDGE - Mobile Apps on Viewing Companies
- Avail on Android and IOS
- Free
2. PSE Tradex
3. PSE now in Facebook and Tweeter
*** Inflatin might be higher this year. Government spends 2.5% of GDP in Infrastracture

3 Money Making Machine
Fitz Villafurte - Forex is riskier than Stock Market
Tips: Mange your time for trading, Know if you have the mindset, control your greed.
Ivnesting - Long TERM
Trading - Speculating
STRATEGY:
   Short TERM: FOREX
   Gain  from FOREX being put into Stock Market for Long TERM.
   Dividends from Stock Market are reinvested.
   STOP LOSS: 10%
   It's all about money Management
" THE TREND IS YOUR FRIEND, DON'T GO AGAINST IT".


DAY 2

STOCK MARKET INVESTING

Technical Analysis, NOT Memorization.
1. Find Something that is going up and tide it. (DNL,ICT)
2. Find something that is trading higher.
- find Logic in price movement.
For Observation: FPH,MARC,LC,SMC, ROCK, CPM,SECB

Stock Picks:
Puregold - 10% Swing
Nickel Asia -after consolidation
DNL

There is no time frame for consolidation. It can take days, weks, months and even years.


SPEAKER2: Charmel DELOS SANTOS

1. Know the business environment
2. Concepts - Value investor, trend follower
 - know what is good for you.
 - know yourpreference.

The market will do what it wants to do.

MONEY IS NOT WORKING FOR YOU. YOU ARE WORKING FOR YOU. STAY IN CONTROL.

SYSTEM:
1. 10 parts
2. PRocess
3. Perform Review
4. Review/ Improve.

Major RISK AREA in INVESTING
1. System - set a target and measure performance
2. System
3. Personal

VELOCITY of Money - pag-gamit ng pera ng paulit-ulit (money circulation and re-use)

CHARMEL Business Model - Entry, Stop, Exit ad Position Size

Market Risk Factor
Market Dynamics - world affairs,debt issues, movement of meny to asset classes
Market Type Changes - Bull, Bear Chicken
Market Players - Government, Big Money, Companies
Inter-Market Risk - Global Currency Trends.

"MONEY GOES WHERE IT IS TREATED WELL".

Personal Risk Factor
- Investment Psychology - goals, beliefs, conflicts
- Decision Making - Efficiency, over confidence
- Skills - Professonals are in the market. How do you do business with them.
- Personality - are you a rational thinker., emotional?
- Timeframe and Temperament.

POSITION Sizing
- How much you will Risk / Lose in that Trade

Structured Ivnesting Approach
- Bisiness Plan
- Market
- System


REAL ESTATE INVESTING:

EDEN Dayrit
- She was not able to make it to the Seminar due to health reason but she did a video.
TIPS:
1. Build Connections - Pursue People you want in Buisness
2. Just Start. Just do it. Just take the 1st step.
3. KEEP MOVING FORWARD.

Maves Angeles
Create Happy Moments
Our Imagination is our Limit but the world is limitless.
Stop playing unnecessary imagination in our mind. Think Positive.
Stop thinking of what other people will say.

NOLI Aleje" Finding the Flip"
Beleive on who you think you are.
WHY REAL ESTATE - can take care of itself.
When you buy a land, you can't make a mistake as long as it is good.

WHY FORECLOSURE? Property Integrity

CONDO CRAZE - we will have more consumer loans in few years from now. Currently @ downpayment/inhouse.

FORECAST LOANS: Php 1,118,200,000
44,728 units - New Assets Coming Soon (Importance of Liquidity)

Inflation is low.... Not GOOD to hold on properties
Inflation is high..... Good due to appreciation.

Interest Rate - might go up already in the next few months.....
- Be CAREFUL with Annual Repricing

In choosing a property, things to consider:
1. JOB GROWTH
2. PATH of progress (ex. SLEX)

Things to Remember in Checking Properties:
1. Know the History of the Property / Story Behind.
2. Visit the Property M-F, Morning, Lunch, Evening
3. Know Road Conditon at all times.
4. Bring an Index Card for details - front, front left, front right
5. Take picture of the most broken part of the property for negotiation with banks.
6. Know leagal Status
7. Remember - Dirtie or more problems, the cheaper.
8. As much a possible, don't buy wooden houses.


WILSON LEE FLORES (MAXIMIZE INCOME on RENTAL PROPERTIES)

1.Compute and Compute
2. Check Tenants / Be Careful with Tenants
3. Psycho your Rental Prospects.
- People tend to like people on their right.
4. Be nice to other people. Be Fair. Be Humble.


RAYMOND LIM
- "PROFIT FROM PURCHASE"
- Have an Exit Strategy
- REAL ESTATE INDUSTRY WILL NOT BE OBSOLETE
- History will always repeat itself
- Know the Real Estate Cycle
>> NORMALLY IT CHANGES EVERY 2 QUARTERS
>> KEY: Demand vs. Supply
>>> Invest when there is Bigger Population.
-"WHEN YOU FIND VALUE, YOU 'LL FIND MONEY"
Key Indication - Population Demographics
RULE of EXCEPTION: PERSONAL - BUY NOE
-Make most Money @ Flipping options (OPTION TO PURCHASE)
"MOVEMENT OF MONEY IS MOVEMENT OF ENERGY"
-"Property Market is always driven by ONE FACTOR - LIQUIDITY."
- The Higher the LIQUIDITY the lower the Interest Rate.
"ALWAYS THINK INVESTMENT"
>>>> It's Either you Invest or you Consume."
THINK OF DELAYED GRATIFICATION.
BE COMMITTED TO FINANCIAL FREEDOM.

INVEST IN YOURSELF.
INVEST INYOUR MINDSET.
THE PROPER TIME IS NOW.

Do your own chart/ Research.
Minimize Risk. Maximize Returns

BGC - 5 years to profit ore, if possible, transfer money to other property that will give more return.

In summary, I was very happy that I was able to attend this Summit. I learned a lot. The information and tips given by the speakers are still echoing at the back of my mind. Truly, Financial Literary is not expensive compared to IGNORANCE.

I invest in education :)

Every Summit is Different.  If we remain open and humble, we will learn a lot.

FOR MY RATING:
VENUE: Check (Better than 2010)
PRICE: Check
TOPICS: Check
SPEAKERS: Check
Recommend: Check :)

Cheers! See you on the next Money Summit!

Start Early and Be a Billionaire through the Stock Market Part II

This post is dedicated to all parents out there but if you're not a parent and you still haven't invested in the stock market, this is also for you.

This is part II because part I is for my eldest child. I was able to open a stock account for her at age 3. Part II is about our second child. We were also able to open a stock account for him.  He also started early. He is not 3 years old. Not 2 years old. Or not even 1 year old. We're able to open an account for him when he was 2 months old. It was after his baptismal. We used the money gifts he got from his baptismal to open an account. Thanks to all the generous givers. :)

The same with our daughter, our son's account is intended for his college education but in case, we can manage not to touch this investment, He will also be a Billionaire before he reach 70. And since my son opened earlier than my daughter, will he be richer than her ate? We don't know. But we need to ensure that they will be Truly Rich. They need to know the true purpose of wealth which is to help and love others.

I posted this not to brag but to inspire you to start investing in the start market. The BEST TIME to start is NOW. You see SALE everywhere, even at the stock market.


Cheers to our Financial Freedom!!!


PS:
Learn more about the start market, join the Truly Rich Club. :)

Happy 2014!!!

2014 will be better than 2013. This I claim in Jesus name.

It's the 10th day of the 1st month of 2014. So far everything is doing good. And I believe, the best is yet to come.

Our 2013 was so blessed and based on the Year-End review that my husband and I did 2 days before the year end, most of the goals we set Last Dec. 1,2012 were met. This also inspire us to continue doing our yearly strategic meeting. On that same day, we also did our 2014 goal setting. And we agreed that we will do our best to meet our goal but we also need to learn to let go and let GOD do the rest esp. if things are not going our way.

One message I can share to inspire you which I got from Bro. Bo from the Feast PICC, is to remember that "Sometimes, when things are falling apart, that means things are falling into place."

By the way, if you haven't set your goals for 2014, it's not yet too late. Just start making it now and see what happens next.

May we all have a prosperous 2014.