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

Seminar Review: Business 101 by Marco Victoria and others

My husband and I attended this seminar last Saturday. Our primary reason is to be guided by the "PROs" in improving the business that I just recently started and the business that we plan to start next year.

Attending this seminar is one of the best things that we did before the end of the year. There will be more even though there are only few days before the year ends because we believe that successful people have a bias for action and we want to be one of them. Why plan for success at the beginning of the year when you can do it before the year ends and start immediately on DAY1 of 2014.

By the way, one of the reason that we attended this seminar is to support the cause of the organizer of this event which is SHARE MOVEMENT.

Shown below are the points that I learned and noted and will take into action.

From Marco (PART1)
1. Business is for Everybody
2. Before going into business... Find your business "WHY"
3. Attitude and Mindset of Entrepreneur
 a. Aggressive Action
   = Aggressive + Action Doer
   = Look out for needs and Demands of People
   = Don't just look at the present.. look at the future. (Example based on the recent Yolanda Tragedy. Think of the Ice Plant instead of Body Bag).
 b. JUST DO IT.
   = The enemy of Action is FEAR.
 c. NEVER GIVE UP
   = People will doubt you but just keep on moving and never give up.
 d. BE OPTIMISTIC
   = Set Target. Set Goal. WRITE IT.
   = " I can do it, I don't know when but I CAN DO IT.
 e. WATCHFUL of OPPORTUNITIES
   = Opportunities are always under your Nose. If your head is always up, you will not see it.
   = Be careful of MLM, ensure that products will continue to be there in the future. (See 3.a)
   = Be careful of getting a Franchise, ensure that the franchise you're investing in has a GOOD SUPPORT System.
 f. RESOURCEFULNESS
   = Enemy of Overhead
   = Keep on Asking to Get the Best Deal.
 g. HUMILITY
   = Find a Business Mentor
   = Having a mentor is not easy. It is hard but it will teach you humility.
4. OVERCOME FEAR else you'll be
  a. Scared to Risk
  b. Lazy to Start
5. The primary difference between rich people and poor people is how they handle fear. ~ Robert Kiyosaki


From Pauline C. Pontiano 
1. Discover your PASSION
 - You think of it 24/7
 - Will work for Passion
 - Go Overtime without pay
 - You Live, Breathe amd Become it.
2. Use our God-Given Gift
 - It is something that He has planted in our heart to make people feel His Love.



From Sha Nacino (Discovering your Life Purpose
1. Passion is something that you do that when you start doing it, it will be hard for you to stop.
2. SERVE FIRST then MONEY will FOLLOW.
3. Purpose and PASSION can be interchanged. They should be connected.
 a. You Love to do
 b. You Do Best
 c. Gives Value to Others
 *** "A" and "B" should be the same, else it will be a disaster. :)
4. How to Discover Your Life Purpose
 a. Mindset: Serve 1st, money will follow
 b. TAKE the 1st STEP, the Next Step will UNFOLD.
   ** Create a Notebook/Idea Bank. Write your Idea before you forget about it. Then let your subconscious work on it.
 c. CARRY ON. PERSEVERE - believe in yourself.
5. Make your PASSION your PROFESSION
 > This will increase your Happiness and Productivity.
6. FRUITS of PURSUING YOUR PURPOSE
 a. Happiness
 b. Inspiration
 c. Meaning
7. In Him as your Business Partner, what is there you can't achieve.


From Molly Baylon
1. Every Dream comes from wound/pain.
2. Use your pain wisely.
3. Invest in yourself.
4. Know the difference between "Inggit and Pangarap" (Envy vs. Dream/Wish)
5. Too much happiness can make you blind.
6. Pain can open our eyes to Opportunities.

From Marco (Part 2)
1. Initial Business Investment
 a. Time
 b. Talent
 c. Treasure
 *** If you lack in one thing, use what you have to gain the one you lack. (ex, if you're not good in math/accounting (talent), use your treasure to hire an accountant.
2. Know that WHAT,HOW,WHY of your Business.
 WHAT - Product/Service
 HOW - PROMISE
 WHY - PURPOSE (This will drive you)
3. Also Know the WHO, WHERE, WHAT VALUE and WHY2
 WHO - your market (demographic)
 WHERE - your market (geographic)
 WHAT - value do you give your market
 WHY - reason they will buy from you compared to your competitor.
    ** Have a USP (Unique Selling Proposition)
4. Write what you want.
5. The Story of the Moso Bamboo
 - Be patient when you see/feel that your business is not growing. This may be the season where you are growing your roots longer and deeper. Use this season to build your network and yourself. Invest in yourself.
6. EVERY ENTREPRENEUR OWES THE NEXT GENERATION A BLUEPRINT OF HOW TO DO IT AGAIN.



Indeed, it was a great seminar. We exceeded the time but the attendees didn't mind and stayed even until the seminar ends. I already heard/read some of the information before but it is more empowering to hear if from those who is already walking their talk. We learned from their mistakes. We also learned techniques and new ways to improve my new business.

The Seminar is a must for those who are already into business and also to those who are still to start a business. It will help them start right.

I will highly recommend this seminar!!!

In Summary:
Price: Php 500 only (Knowing that all proceeds of the seminar will be donated to Joseph Feeding Mission make it priceless. Also, kudos to the speakers who selflessly shared their experiences for free. May God bless your business more.)
Seminar Content: Super Check
Recommended: Super Check

FEAST TALK SERIES: HAPPY, HEALTHY and HOLY Money

The Feast Talk Series last Month was entitled: HAPPY, HEALTHY and HOLY Money. It is a timely talk because we're still at the first quarter of the year. It can help us get a direction on how we want our finances to be at the end of the year.

We've been a feast attendee since February 2010 and we noticed that we have almost the same theme every February which is about handling our finances well. Below are the talk series for the last few years:

2010 - Prosper
2011- Peso-nality
2012 - Overflow
2013 - Happy Healthy Holy Money


You can view some of my blog posts on the OVERFLOW SERIES on the links below:
a. Talk# 1: Salary vs. Profit
b. Talk# 2: Income vs. Wealth
c. Talk# 3: Tips vs. Tithes
d. Bonus Talk on Entreprenuership
e. Break Feast Sharing by Edward Lee


Let me just share to you some of the things I learned from the recent Talk Series.

Talk# 1: Happy Money


"Every good and perfect gift is from God. It comes down from the Father." ~James 1:17

Our money is a gift from God. If this is a gift from God, then it can be a good thing. Money is not evil but it is the LOVE of MONEY that is evil.

"Let the LORD be magnified, who has pleasure in the prosperity of His servant." ~ Psalms 35:27

God doesn't mind us becoming rich. Actually, he wants us to be rich in a condition that we are are already RICH in the INSIDE before we become RICH in the OUTSIDE. This is because money can MAGNIFY who we are in the INSIDE.

Bro. Bo also mentioned the Three (3) Types of Rich People.

1. Filthy Rich
 - This is the greedy, selfish, corrupt person.
 - They are the miserable people.
 - They are the reason why others say that "Money can't buy you happiness.

2. Guilty Rich
 - This is a person who had a toxic relationship with money.
 - They are the people who feel guilty of earning a lot. They are more comfortable with poverty than prosperity.
 - These are the people guilty of being rich because of their past experiences or family influence.
 - They were taught that talking and thinking about money is bad. And all rich people are bad.

3. Truly Rich
 - These are the people who believe that "God never designed money to buy happiness.  God designed money to increase HELPFULNESS."
 - Truly Rich People Help Their Family
 - Truly Rich People Help Their Bigger Family
 - Belief of the Truly Rich People:  "It’s not about the money.  It’s not about the wealth.  It’s not even about us!  It’s about God.  It’s about love.  It’s about service.  It’s about dying to ourselves so that others may live!"

Let us all be TRULY RICH.:)


Talk#2: Healthy Money

"Therefore keep the words of this covenant, and do them, that you may prosper in all that you do." ~ Deuteronomy 29:9

True prosperity is living a life of profound LOVE for every human being.   

Physical Health is similar to Financial Health in terms of the cause of its weakening which are:

   1. Toxins

   2. Malnutrition

   3. Imbalance

Financial Toxins

- Financial Toxic Overload / Toxic Debt

  * Uncontrolled Debt can kill us.

  * If there are Filthy Rich, there are also Filthy Poor who are destroyed by the money they don't possess. Because of their overwhelming desire for material things, they borrow, borrow, and borrow.

  * The key is PATIENCE.  Don’t be in a hurry to live a lifestyle that you can’t afford.

  * THE problem isn't materialism. THE problem is an extreme lack of self-worth.

  * Follow the 1st Rule of the Rich - "What You Spend Should Be Less Then What You Earn.”
   

Malnutrition

- People who look rich because they have money in the bank but are dying because their money are shrinking. 

* Follow the 2nd Rule of the Rich - “What You Save Should Grow More Than What You Lose.”

- Our Money loses value in the bank because of Inflation. Therefore, we should invest our money in any of these Investment Vehicles: (1) Paper Assets, (2) Businesses and (3) Real Estate.
- An example of Paper Asset is the Stock Market. If you want to learn more about investing in the Stock Market, try reading the books of Bro. Bo Sanchez (My Maid Invest in the Stock Market and The Turtle always Win) or Join the Truly Rich Club.

Imbalance
* Follow the 3rd Rule of the Rich - "“What You Earn Should Be Equal To What You Know.”
- Do NOT try to earn more than what you know! Confidence is a terrific thing.  Overconfidence is a terrible thing.
- Lower our risk by increasing our learning or increasing our wisdom.
- We need to invest in our Financial Education. (If we think Financial Education is expensive, try IGNORANCE).

Talk# 3: Holy Money

Can Money be Sacred? What does Holy means? Many thought that Holy = Religious. But Bro. Bo said that the Greek word for Holy is Hagios which literally means "set apart for God". We already know that God is Love. Therefore, to set apart for God also means to set apart for LOVE.

If we want to know if our money is holy , we need to recognize the two important signs of HOLY MONEY.

Sign#1 : If the Purpose of Money is LOVE.
- If we give, it should be out of love. If we tithe, it should be out of love.
- We all have moral duty to give. We all have moral duty to be Truly Rich.


Sign#2 : If the Process of Money is LOVE.

- How did we earn our money? 

- According to Bro. Bo, we need to always ask ourselves, "In the process of making money, did I become more loving? patient? sacrificial? selfless? 

If all our answers are "YES", then our money is HOLY, as well as our job, business and investments.

Bro. Bo ended the talk saying that Wealth's mission is to love others and it wants to find its way into the hands of loving people who will earn and use it for LOVE. He encourages us to be THAT PERSON of GREAT LOVE.

Talk# 4: Bonus Talk

According to Bro. Bo, if we want to change our Financial Life, we need to change our underlying Financial Behavior and Financial System.

Our Financial System is consists of our thoughts, behavior and verbal pattern which normally is influenced by our family. Our Financial system can either break or make us. He said, that there are only 2 financial system in this world namely the Hunter and Rancher System.

The Hunter System/Cycle
1. A hunter goes out of his cave when he's hungry to find food to eat.
2. Party with family and friends when he finds a catch.
3. When the meat is gone and he's hungry again, he goes out to hunt for another animal.

    Hunters can be employees or entrepreneurs. No matter how big their incomes are, they would be times that it will be gone. And they would be forced to go out and hunt  again.

The Rancher System
1. Rancher don't eat everything they capture.
2. They keep some to breed other animals.
3. Ranchers will always have food to eat because they grow their own food.

Their difference????
If a hunter takes a vacation and stop working, he stops eating;
If a rancher takes a vacation and stop working, he'll continue to eat because his animals continues to multiply on their own.

Bro. Bo suggested a system to acquire the Rancher system called the " Seven Jar Strategy". Every time we receive our salary/commission/profit, divide our money into these 7 jars.

The Seven (7) Jar Strategy

Jar 7: Emancipation Fund (20% or More)
- For Retirement.
- Others call it Freedom Fund.
- You can invest it in Paper Assets like Stocks, or Real Estate or in a Business.
- This will make us a rancher.

Jar 6: Emergency Fund
- For Emergencies like leaking roof, car repairs, sickness, etc.
- Should be equal to 3 to 6 months of your salary
- Keep in a bank for easy access/liquidity.
- The older you get, the bigger it should be.

Jar 5: Everyday Fund (70% or Less)
- For regular monthly expense
- Live simply to live within this range.
- If your income increases, your everyday fund should decrease.

Jar 4: Empower Fund (5% to 10%)
- For short term savings like saving for a house downpayment, a car, a new laptop, a new gadget, a trip, etc

Jar 3: Enjoyment Fund (5%)
- For our enjoyment because God wants us to enjoy life.
*** 1 Timothy 6:17 " ... put their hope in God, who richly provides us with everything for our enjoyment.
- The enjoyment fund is for our wants. This fund is needed to avoid being an impulsive buyer or a miser/penny pincher.

Jar 2: Education Fund (5%)
- Invest in ourselves. If we grow ourselves, we grow our wealth.
- We need to be teachable. We need to be a student and be teachable. Humility is the key.

Jar# 1 Eternity Fund (10% or more)
- For our Tithe - our ultimate investment with the greatest return.
- This is our long-term investment. God will always remember whatever we give to Him and will reward us accordingly for all eternity.
- It is the safest investment because because it is like shipping our investment in heaven..
- Every time you receive your salary, set aside your tithe and see how God will supply your every need.
- When we tithe, we acknowledge that everything we own really belongs to God.

He emphasize that we should be a Rancher , not a Hunter. Before he ends his talk, he repeated the story of the Rich Man and the Beggar which he told last year. The full version of the story here.


Hope I was able to share the inspiring words from Bro. Bo. Let's work together towards our financial freedom.

May All our Dreams Come true! :)

WHAT IF.... You Volunteered or You were Volunteered?

This question came into my mind when I was invited by Dr. Larry Gamboa Author of Think Rich Pinoy Book to give a Testimony on Real Estate and Stock Market last Monday May 14,2012 to the Retirees of La Salle - College of Saint Benilde. The Seminar is entitled " Life After CSB" which has four parts:


Part 1: Monday morning "Managing Change and its Challenges on Time and Life.”
Part 2: Monday afternoon “Managing Financial Opportunities for a Better Life”
Part 3: Tuesday morning “Exploring Business Opportunities and Employment in the Corporate World”
Part 4: Tuesday afternoon is specifically only for the retirees.



I was honored and blessed to be able to meet these great people. Actually, I was thinking that our audience would be of the retiring age of 65 years old but there were also young faces in the group. I learned that "VERO" or Voluntary Early Retirement Offer was offered to the CSB employees and the attendees were those who availed.  They will be receiving a good package. I also remembered that such thing was also offered by my previous employer when they needed to do some cost cutting measures but they named it differently - RIF or Reduction in Force.

But what is supposed to be the meaning of Retirement?
As per Wikipedia, Retirement is the point where a person stops employment completely. A person may also semi-retire by reducing work hours. Many people choose to retire when they are eligible for private or public pension benefits, although some are forced to retire when physical conditions don't allow the person to work any more (by illness or accident) or as a result of legislation concerning their position.


Whatever the purpose of the retirees in availing the VERO it is good to know that CSB made an effort to prepare them for the "Life After CSB". The speaker of the first part of the seminar was the CSB HRD Manager. He discussed the "Who Moved my Cheese" Book and it was so relevant to the theme of the seminar.

The speakers for the 2nd part of the seminar was Aya Laraya of Pesos and Sense. He talked about the advantage of Investing in the Stock Market. I have heard Aya talked for many times already but there is always something that I learn whenever I got to listen to him. It was also a blessing to be able to discuss stock market with him and get tips on his preferred companies - MPI, MWC and the three major Banks.

My testimony was after Aya. I shared about the advantage of investing in both Real Estate and Stock Market. My sharing focused on my two Real Estate deals and Stock Market Performance from the Year I started investing in the Stock Market to present.

Sir Larry spoke after me and he discussed How to be become a MAVEN. He inspired the group to find their passion and monetize it. They can use it to generate income after CSB.

The response of the audience was overwhelming. They appreciated our sharings.

It was also a blessing to meet Dean Pax Lapid of GoNegosyo and be able to discuss Stock Trading with him. He recommends to have two Citisec Account. One intended for Long Term Investment and one for Trading. He advised me to only invest less than 1/3 of the amount I have in my account intended for long term. He mentioned that he preferred Holding companies specifically DMCI.

It was truly an overwhelming and a different experience especially thinking that you were able to share my experience to these people. I am greatly honored and thankful to Sir Larry for inviting me to give a testimony to the people of CSB. Thank you also CSB for the tokens below :)

Feast PICC Talk Series: BONUS Talk on Entrepreneurship by Dean Pax Lapid

There was a bonus talk on the OVERFLOW Series about Entrepreneurship. There were a lot of things that we learned and I am sharing them to you. See details below:

Date: February 12,2012
Topic: Secrets of Successful Entrepreneurs
Speaker: Dean 'Pax' Lapid
Co-Author of "Go Negosyo 21 Steps on How to Start your Own Business"

Luke 6: 48
"He is like a man who built a house, and digged deep, and laid the foundation on a rock: and when the flood arose, the stream beat vehemently upon that house, and could not shake it: for it was founded upon a rock."

Three (3) Points from this Bible Verse

1. Build a House - Create Wealth

2. Dig Dip - Work for it

3. Solid Foundation 

"Learning is Effective if enjoyable".

1st Part of the Secrets 
(Most Important)

T - Talent and Time

R - Recognize the moment of Opportunity

U - Understanding the Business Logic

L - Luck is both Preparedness and Opportunity

Y - Why buy from me

T

Talent and Time

We have an overflowing gifts of time and talent that we only need to tap and recognize. Take the example of a Huge elephant being overpowered by little people because they were chained when they were young and when they grew bigger they thought that the rope tied on their feet would also not let them go away. 

R

Recognize the moment of Opportunity

Most of us are guilty of Laziness in mind and action.

**Success Formula of the Masters (3D)**

• Direction (Goals + Actions)
• Determination (Passion and PErseverance)
• Destiny (Success of Life's Dream/Business)

Find your True North

-Julies Bakeshop was created @ her Senior years

- KFC was born when Sanders was already 70 years old

Need to change Mindset

- Success is a function of Good Judgement 

Dream Big. Start Small

U

Understanding the Business Logic

Probing

Who, What, Why, How, Where and When

L

L - Luck is both Preparedness and Opportunity

is the offspring of preparedness and opportunity

Why can't we take advantage of opportunity? Fear of Failure

If you want bigger INCOME, you must COME IN.

Balance Time, Talent and Treasure. Most important is TALENT

Y

Y - Why buy from me

It is "not" the Price.

A business idea is only a successful business if it has to do with "ER" factor.

ex. bigger, faster, nicer except cheaper unless you are the manufacturer.

In Summary (PINAY):

PI -liin ang Hilig or Gusto (Personal Preference)

NA - aral (Education) / gawa (Experience) / galing (Expertise)

Y - why buy from me (Customer Solution)

2nd Part of the Secrets 
(Important to Sustain the Business)

R = Regular Customers

I = Invest in Relationships across the Business (Client, Partners and Employees)

C = Cashflow should be positive (Basic Finance). "Don't plan for BREAKEVEN because you will be BROKEN".

H = His (God) will/plan be done.

He concluded" "Whatever we endeavor, God should always be part of the Equation".

It was a short talk but very comprehensive. The way the topics were delivered is very light and easy to comprehend. I believe many were blessed and changed after the talk. I then also invite you to join us next Sunday in PICC for TALK 2 (Income vs. Wealth) and be blessed! See you there!

May All Our Dreams Come True. :)