Before I get into the topic, I would just like to commend myself for this post. This is my 100th post in this blog! Weee! It has been a year since I actively posted my life journey and views in this blog, that is why I am seriously thinking of saving every single post in this site. Well, this site is already dear to me, it’s like an online diary where I could look back and see my old self. I am looking forward to a hundred and more posts!
Speaking of looking back, Hmmm… I am thinking of taking a picture of myself naked. Just like most celebrities involved in different scandals, I want to frame a particular time of my life. It’ll be nice if I could still see how my body looks like after 20 years! Haha, I’m just joking! It’s the most stupid thing to do nowadays. There’s always a limitation to everything. We shouldn’t overdo things. Haha!
After a month and a half since joining Bo Sanchez’ Truly Rich Club, I am making a review of its pros and cons.
Let’s start with the Cons:
*Some videos, MP3 and articles provided by the club can be found in the net. It’s just compiled by the club and sent to the members. But you can actually get an access to these content through other sites. You’ll just have a hard time searching the net. Also, other members share these content that are for members only.
*If you can’t stomach the 500 pesos a month tithe, this club is not yet for you. Essentially, you’ll only get returns if you have money to invest. In my case, I still don’t have that money so I just consider my monthly dues in the club as a form of a tithe. This group has been blessing my life for more than a year now. Time to give back some, for them to bless more people.
*E-books that you’ll read from this club are some of the best books I’ve read. More than 3 books for P500 pesos is definitely cheap. After you have these E-books, you can even cancel you membership. Great value for money.
*Powertalks – These MP3 recordings are the best feature of this club. It makes me inspired and positive. I listen to it even at work. It’s good to listen to it when you’re down and troubled.. when you need a helping hand… I close my eyes and listen. 🙂
I wan’t more of it especially the interviews with successful people. 🙂
*Articles – Nice articles and stock updates! In here, Bo Sanchez teaches you different things, wealth beliefs and strategies in growing your money. I love the stock updates! I think it’s really reliable since Bo Sanchez’ mentor is really a genius in stock market. You can really earn big money following his stock tips!
Currently, his average return on stocks that he bought last June 2011 is around 5-8%! In just a month!!!
Honestly, I did not follow all his tips because I am trying to create my own strategy. But I still consider his tips and also articles from other Stock Gurus 🙂 Hehe.
That is why my return is around 6%. 🙂
It has been fun doing stock trading but I guess I have to change my strategy. I am quite on the safe side. I have read that the risk should I take is around 100 minus my age. (100-25=75%)
So I should risk 75% of my investment money (20% of income = money to invest/save).
If I just have a lot of money to play with, I could have invested it right away. The bull market in PSE is coming! I need money! Hehe.
If I had invested 100K last June, my income would be:
100,000 x 6 % = 6,000
P6,000 is not bad at all since bank gives 1% annual interest! P6,000 is for a month!
Inflation is around 4%!
I will take the risk, I just don’t have the money now. Hehe
Overall, being a member of the Truly Rich Club is a good thing. You are helping others to succeed and also learn something good in return. You may not succeed or earn big instantly, but because of constant learning and positive outlook in life, success is inevitable.
My judgement is, I’ll continue to be a member of the club.
Let’s make things happen!
See links below if you’d like to join the club.
PS: I’ll earn a discount if you will. 🙂