Are you sure you want to be rich? Or are you afraid to be robbed, kidnapped, tagged as greedy, materialistic? Do you fear that you’ll go to hell if you become rich?
Part of the member benefits of joining the Truly Rich Club is an audio recording of Bo Sanchez’s 8 Secrets of the Truly Rich seminar that originally costs $210. Here he talks about how he transformed from hating and fearing money, to seeing it as a tool for financial freedom and for helping others. In the bigger scheme of things, as a tool for love. He also talks about the secrets and unknown realities why poor but hardworking people remain poor, yet the rich people seem to get all the breaks in life.
Secret #1 Get Rid of Crazy Religious Beliefs
Filipinos are mostly Catholics and Christians, and wanting to be rich is not exactly preached to us as a good thing. We’ve all heard of the saying “Money is the root of all evil.” Guess what, if we really think it is the root of all evil, then why do we even work hard for money? Money that pays for the bills, puts food on the table, for our medical and leisurely expenses etc. Money that builds schools, churches, given to the poor and needy etc. For sure money can’t buy happiness, but it is tougher to be happy if Juan does not have money, starving and sickly. Money is also the top argument of couples. Is it really the money, the lack of it, or the couple’s attitude towards money?
Check deep inside of you, it could be that you don’t want to be rich after all. It could be that we don’t want to have money because we equate it to being evil, greedy, materialistic etc. We have to be aware of these negative notions about money, to be able to attract a rich-mindset. Many personal finance books teach that being rich does not start with investments and technical knowledge on bonds, savings, etc. These are important but the journey actually begins with a healthy financial mindset. Because if you’re not convinced that being rich is worth it, then you won’t be one no matter how hard you try.
We must understand that money is a tool, it is neutral – neither good nor bad. Instead, it highlights what is within us, our values and attitudes. If we have good values and attitudes, generous, loving, etc then money can highlight these to affect and help more people. If we are basically bad and greedy people, then money will just make us more greedy and more evil. So what are you made of?
Bo cites a Bible passage which says“It is easier for a camel to go through an eye of a needle than for a rich man to enter the Kingdom of God.” Some of us grew up believing that rich people do not go to heaven. Really?
But the context of this passage more than 2,000 years ago is that the of ‘eye of a needle’ is a Jewish idiom referring to “the door of the house of a camel”. A camel coming from a rich trade has to let go of its baggage and stoop down to enter its house. Put down wealth and stoop down. Realize that it is not the ultimate goal, it is a tool to be and to do more. At the same time, realize that having wealth is not bad. Detach yourself from wealth. Attract it, then share it. Don’t worship it, instead use it for doing good. For sure you can’t bring wealth to heaven (hence detach from it), but it’s better if you can leave a better life to your future children and grandchildren.
Our society also tends to romanticize poverty as if being poor is a good thing. That it is simpler and happier to be poor, when you’re rich, you’re miserable. Guess what, there is nothing romantic in being poor. Poverty is not simplicity. If you have loved ones that you cannot feed and cannot provide for, that is not romantic at all. Just look at street dwellers and see. In fact, we see many millionaires who act and dress simply compared to non-millionaires who only have designer clothes and gadgets to brag about. Again, poverty is not simplicity. Being poor in spirit is not being poor in finances.
Secret #2 Enlarge Your Psychological Wallet
It’s one thing to say out loud “I believe I deserve to be rich” and a totally different thing to be fully convinced and committed, in your heart of hearts, in every fiber of your muscle, to the core of your mind, being and spirit that indeed, “I deserve to be rich and I will be rich.”
Like parents who want to give their children the best gifts and the best of all their needs, God is much more. God loves to give us gifts and blessings. He’s eager to give to us but we have to be ready to receive. Ask and you shall receive right? God gave you the power to earn, produce and multiply your gifts. Use them and He’ll be with you every step of the way.
- Why we usually spend all our bonuses or unexpected windfall income, nothing left for savings and investments
- Lotto winners who end up poorer than before they won
- Some early BPO-industry employees (years ago) who cannot handle huge paychecks even if they’re just fresh graduates or even high school graduates, ending up in deep card debt
- Why an increased credit card limit leads us to increased debt and spending
- Recipients of OFW remittances who don’t seem to improve financially even if the OFW has been working abroad for so many years
Secret #3 Raise Your Financial IQ
Now here comes the learning part which is what our website is all about. The technicals but not really rocket science. Realize that you are not alone in your quest, even surgeons, rocket scientists, engineers struggle about managing finances and understanding investment options. Don’t despair, knowing that God’s on your side, God wants you to be truly rich, and Juan can always start small.Learn slowly and patiently, all good things take time to build. We have prepared our Beginner’s Guide to get you started on managing your finances and building your investments, to help you closer to financial freedom. Surround yourself with like-minded individuals, and mentors who are experts in their investment fields. Join communities. Learn while earning.
My Rating of the book: ★ ★ ★ ★ ★ ★ ★ ★ ☆ ☆