The personal finance tips i will share with you is the lessons I learned from the maid working for Bo Sanchez, our mentor in TrulyRichClub.
He also talked about her in his Ebook “My Maid Invest In The Stock Market”.
His helper now has more than P800,000 in her stock market portfolio after investing for six years.
How did she reach that amount while others who are also investing for six years have lesser amount?
1. She began by investing P2000 a month into the stock market, Bo Sanchez is giving personal finance advice and money management tips to his helpers once a week.
2. While working as a helper, she also studies at night, and got promoted as Bo’s bookkeeper after graduation and got salary increase
3. She started investing more. From P2000, it become P3000. Later on, P4000, and later on, P5000.
Today, she invests a mind-blowing P7000 a month. Her discipline is terrific.
A lot of people won’t do what she did. When their income increases, they don’t increase their investments They don’t know how to save money.
They do the exact opposite: they increase their expenses.
Result?
They delay their millionaire-ship.
4. She invested most of her bonus Midyear/Christmas 100% to the stock market, except those few times she gave a part of it to her family when they have special needs
I hope you have learn some personal finance basics from Bo’s helper.
The question now is;
How about you?
- What do you do with your salary increases?
- What do you do with your bonuses?
- What do you do with your sales commissions?
- What do you do with your profit sharing incentives?
- What do you do with your unexpected monetary gifts?
Be like Bo’s maid.
Invest more—and be a multimillionaire sooner.
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