but subconsciously don't

"the first giant reason why people are poor is because they don't want to be rich. because subconsciously, we don't think it fits us." - Bo Sanchez

for the second time, we conducted our Financial Literacy Seminar last sunday for the Singles for Christ (SFC) members in Taguig. and for the second time only few members of our chapter, most specifically our unit, came. again, we started late because people also came in late.

i told them that maybe Bo Sanchez was right. that consciously we want to be rich but subconsciously don't. i think if they really wanted to be rich no matter what time of the day they would have come with excitement but surprisingly they don't have the fire.

my unit head partner, girlie, said, "i think the members are not yet ready or shall we say doesn't understand yet the need to attend this kind of activity. we should continue this advocacy because this is very important. we just need to be patient."

my only consolation is, i just hope that they would find time to read the seminar talk outline that i sent them through our egroup. at least they have an idea what they've missed.

i thought evangelizing is the most difficult task on earth. but i was wrong. i think it's easier to evangelize other people to believe and trust God than to convince your families, relatives, friends, that financial ignorance is expensive.

one example is when i lend my book, the 8 Secrets of the Truly Rich by Bo Sanchez, to my brother and cousin just to share to them the same inputs that i gained from reading it but unfortunately it doesn't interest them.

well, let's try again next time. and i hope next time more people will come.

i thank my partners, co-speakers and supporters for making the seminar last sunday somehow a step forward toward our dreams of making it big for our God, our country and our families.

acknowledgment: Charyl Apuyan, June Cuenca, Marilyn Dacanay, Che Dela Cruz, DK Durian, Shen Echavia, Girlie Golipapa, Marlon & Tina Hernandez, Jerry & Levy Madrigal, Aisha Mua, Jing Ramos, Mavie Villanueva

rising from the debts

are you having some nightmares about running away from your collectors/debtors? and when they reached you, you screamed and woke up.

while having some breather the doorbell rung and you saw your old friend from whom you owed some money a long time ago. then you smashed yourself bigtime and you keep telling yourself, "this is another nightmare!" pak! pak! ouch!

well, i think this is the right time to really wake up from your debt nightmares and learn how to get rid of your burdens.

here are some tips from Bo Sanchez, author of the book "8 Secrets of the Truly Rich", on how to rise from your debts.

1. declare your freedom day. thinking about all your debts will only kill your spirit. don't focus on your problem or it will magnify. you need to declare a deadline to end your woes. set a day when you'll be financially free. remember that every problem has a solution. don't lose hope.

2. simplify your lifestyle. examine your lifestyle and discover a new habit of simple joys. simplify. learn to tighten your belt. refrain from overspending. avoid unnecessary expenses. delay self-gratification.

3. schedule your payment. from a simpler lifestyle you can have or increase your savings. write down how much you can set aside each month to pay your debts. schedule all payments and start with high interest-loans. if possible, transfer high interest-loan to low-interest loans.

4. can't afford? don't borrow! if you can't afford it don't borrow! as simple as that. if the credit card in your wallet is a huge temptation, then get rid of it until you acquire discipline. you need to temper and hold yourself.

5. learn to negotiate. see your creditors regularly. assure them that you will pay faithfully but negotiate to reduce their interest rate. don't back down but use the power of persuasion. everything is negotiable. they are also human like us.

did you know that not all debts are bad?

two kinds of debts

1. bad debt. debt is considered bad if you buy things that take money away from your pocket. for example, Nene is a province girl who stopped from school and tried her luck in the metropolis to be a housekeeper. her motivation is to have her own cellphone rather than saving it for her tuition fee. she took a loan just to satisfy her want. now, the monthly load for the cellphone becomes another drain in her pocket.

2. good debt. debt is considered good if you buy things that put money into your pocket. let's take a look at the example above, if Nene converts her cellphone into a money making gadget by being a load provider then its a good debt especially if her income pays for the monthly amortization of the cellphone.

so next time you plan to take a loan, be sure that it's a good debt.

source: Bo Sanchez, 8 Secrets of the Truly Rich

one million Pinoy millionaires

the mission of Larry Gamboa, Bo Sanchez, Trace Trajano and Nelson Terrible is to create one million Filipino millionaires worldwide by 2020. this is huge! this is ambitious! but whether it's achievable or not, i want to be part of it. hehe i want to be a millionaire by that time!

the four musketeers

Bo Sanchez is a bestselling author, a powerful Catholic Lay Preacher, and the founder of many ministries that serve the poor and the Catholic faithful in the Philippines. he publishes Shepherds' Voice - the Philippines' most popular Catholic literature - and hosts his own weekly Catholic TV program and daily radio show. he's also an investor and founder of many businesses.

Larry Gamboa is the author of the bestselling books "Think Rich, Pinoy!" and "Grow Rich, Pinoy". apparently, he has applied Robert Kiyosaki’s Rich Dad, Poor Dad principles to the Philippine setting and have earned millions through real estate investing. he is now considered as the "Robert Kiyosaki of the Philippines".

Trace Trajano is a Senior Scientist at Fortune 500 company and already have 22 patents. he is also Pinoy real estate investor based in Cincinnati, Ohio USA. his passion is teaching others how to have multiple streams of income through real estate investing. he co-authored a book with Larry Gamboa entitled "Think Rich Quick".

Nelson Terrible is a Pinoy Billionaire and CEO of the Techno-Asia Construction & Development, Inc. with over 30 years experience in real estate.

they lunched the Truly Rich Millionaire Network and the Think Rich Pinoy Millionaire Network and together, they will reach their goal.

me, i'll do my share. with the help of my friends and co-sfc, we will teach financial literacy, conduct livelihood workshops, develop entrepreneurs, create businesses and jobs, and be investors ourselves.