Duplicate Yourself To Duplicate Your Income (Bo. sanchez)

Sharing with you another great article written by Bo Sanchez on how you can grow as a person and how to grow your business or sideline bu duplication

Duplicate Yourself To Duplicate Your Income

Why do people not grow?

One of the reasons why you’ve remained stagnant is because you haven’t duplicated yourself.

You haven’t followed the Law of Duplication.

But duplication is everywhere.

Nature is based on duplication.

Just look around you and you’ll find it at work.

Once upon a time, there was only Mom and Dad.

But they fell in love, walked down the aisle, and they decided to duplicate. So they gave birth to five average children and one exceptional child. (Who is that exceptional child? I won’t say.)

And then these six children duplicated themselves too.

So far, my parents have eight lovely grandkids too.

God created the Law of Duplication.

The Kingdom Prospers Only By Duplication

       Once upon a time, there was Jesus. Alone.

But one day, Jesus went up a mountain, prayed, went down to his followers, and called 12 men to be His apostles.

What did Jesus do? He duplicated himself.

Each apostle was supposed to be another Jesus in the world.

Jesus could have just gone to the various towns of Israel to teach, heal, and drive out demons. And be a one-man Rambo healing-machine, bringing salvation to the world.

But he didn’t do that.

Instead, he formed a team. He duplicated himself to 12 men and asked these men to go around the various towns of Israel to teach, heal, and drive out demons.

Later on, the Bible says he called another 72 disciples.

Each disciple was another Jesus.

So instead of 12 duplicates—there were now 72 duplicates of Jesus going around sharing God’s Love to the world.

And from what I know, God hasn’t changed His strategy.

The Kingdom of God is still totally dependent on duplication.

To this day, Jesus still goes about making duplicates of Himself. You’re one of them. You’re his duplicate. You’re another Jesus in the world.

This is the only strategy of God’s Kingdom.

Without duplication, the Kingdom of God goes bust.

Let me share some trivia to you.

My spiritual family, Light of Jesus, has a simple mission statement today. It consists of two words.

Once upon a time, we had this long, convoluted, multi-paragraph mission statement that no one remembers. But through the years, it got shorter and shorter. After 30 years, we’ve simplified it to two words: Make disciples.

But what is making disciples? Duplication.

The Kingdom of God will flourish not because of Christian magazines, or Christian TV shows, or even prayer meetings like the Feast. The Kingdom will flourish if you decide to duplicate yourself and make another Jesus in this world.

That’s how the Kingdom will prosper.

Ministries Prosper When They Duplicate

That’s why my spiritual family, Light of Jesus, is prospering.

We’re prospering because we’re duplicating.

I preach at the Feast here in Pasig. But we decided to duplicate. Today, we’ve created 10 Feasts here in Metro Manila. All the Feasts are duplicates of the Feast here in Pasig.

What am I saying? Ministries that duplicate prosper. Because duplicating allows us to serve more people. When ministries don’t duplicate, they remain stagnant.

Let me now give you my main message for today.

The Law of Duplication Works In Your Income Too

If you duplicate yourself, you duplicate your income.

Why?

It’s very simple.

When you duplicate yourself, you increase the number of people you serve. When you increase the number of people you serve, you increase your income.

If you don’t duplicate yourself, your income remains stagnant.

And even if it does increase, your income only enjoys linear growth. If you duplicate, your income enjoys exponential growth.

Employees Who Duplicate Get Promoted

       Do you want to be promoted in your job?

Duplicate yourself.

As an employee, duplicate your output. Duplicate your production. Duplicate the great results you’re getting.

How? Find a way. Use your ingenuity. Use your creativity.

As a manager, duplicate yourself by training your staff until they can replace you. Believe in them. Raise them up. Develop them. Make them better than yourself.

Some are afraid to do that. “Bo, if I do that, they won’t need me anymore and fire me!”

But if your boss is intelligent, the opposite will happen. She’ll recognize your leadership. Because only leaders can duplicate themselves.   And leaders rise to the top.

I can hear you now. “But Bo, that’s the problem. My boss isn’t intelligent!”

Remember what I said before? If your present Boss won’t recognize you, another person will. Word about your leadership will go around. People will talk about you. And you’ll be promoted, perhaps not in your company now, but in another company. Or in your very own company.

A Second Job

       I’m not a great fan of getting a second job to increase your income, but I need to mention it here. It’s also duplication.

When you go to the States, it’s very common to meet Filipinos who hold two jobs. They work 16 hours a day, not counting going travel time to work.

My friend does that. She sleeps 3 to 4 hours a day just to be able hold two fulltime jobs. She drives a brand new BMW. Yes, she earns more because she has duplicated herself by having two jobs. But it’s a weak way of duplicating.

Today, that friend of mine is sick. Her body is caving in.

My advice? This should be a temporary situation.

Move on to a better way of duplicating yourself…

Two Kinds Of Income

       There are basically only two kinds of income in the world:

Active Income and Passive Income.

1. Active Income

How do I define Active Income?

You exchange your time for money.

A skilled laborer exchanges one day of work for P500.

A manager exchanges one day of work for P5000.

A dentist will pull your tooth for P600.

A heart surgeon will do a bypass for P300,000.

What do they have in common? All of them exchange time for money. When they stop working, they stop earning.

Let me give you an example.

Remember my story of Ate Guy?

Ate Guy is the terrific masseuse of my wife who offers massage and torture at the same time.

Lucky for her, there are enough deranged people in the world who want that type of massage. Like my wife, for instance.

So Ate Guy is always in demand.

She can massage 5 clients a day—and she usually does.

Because of this, she earns P50,000 a month.

But let’s say she takes a vacation.

Her earnings drops to zero.

And when she gets older, let’s say she doesn’t want to work this hard anymore. Instead of 5 clients a day, she wants to massage only 2 people a day. But if she does that, her income will go down a lot.

Or what if Ate Guy wants to earn P100,000 a month?

She can’t massage 10 people a day. Sure, she can raise her prices, but by only so much.

My point? Active Income is limited.

The only way to earn more is by switching to Passive Income.

And the only way to do that is by duplicating herself.

First, she can train other women the “Ate Guy Torture Therapy” and form an army of Ate Guy-Trained Torture Therapists—and earn a commission from each of them.

Second, she can create the “Ate Guy Healing Oil” in a bottle, ask other Masseuses to sell them.

I repeat: Active Income has a limit.

But Passive Income is virtually limitless.

2. Passive Income

Do you want to prosper?

You need to create Passive Income.

Passive Income is the secret of the wealthy.

In Active Income, you exchange your time for money.

In Passive Income, you still exchange time for money. But you’re no longer exchanging your time—but the time of your duplicate. You exchange your duplicate’s time for money. You can stop working and money still flows into your life.

How to create Passive Income?

There’s really only one way to do it: You have to duplicate yourself.

And there are only two ways of duplicating…

·        Form Teams

·        Using Technology

You Form Teams

There’s a Chinese proverb that says:

If you want one year of prosperity, grow seeds.

If you want ten years of prosperity, grow trees.

If you want a lifetime of prosperity, grow people.

The Kingdom of God is in the business of growing people.

Jesus formed a team of apostles around him, that’s why the Church still stands after 2000 years.

I have a team of preachers around me, and that’s why we have Feasts all over the world.

When you form a team around you, you prosper.

My friend PJ works as an IT professional.

Last year, he decided to start a sideline.

He started selling pre-selling condos. That was like taking a second job. So that was still Active Income.

But soon after, he hired 6 of his friends to sell for him. If they make a sale, he earns a commission. When PJ did that, he crossed the line from Active Income to Passive Income.

The moment you form a team around you, you switch to Passive Income.

Sell Things Through Teams

       If you’re selling products by yourself, that’s still Active Income. But if you sell through teams, you’ve moved to Passive Income.

Let me give you an example.

When I was a kid, I liked going to this tiny bakery selling Spanish Bread. It was my favorite snack. Butter and sugar inside the soft roll. Yum. The bakery was really a hole in the wall. Very tiny.

But every time I went there, there was this tricycle outside. And she would haul crates of the bread into a tricycle. What did this mean? She was delivering to thirty stores who were selling her Spanish bread.

What was she doing? Duplication.

If she sold the Spanish bread all by herself, that was Active Income. The moment she asked other stores to sell for her, she crossed the line from Active Income to Passive Income.

The result of duplication was astounding. Four years later, I saw that little store become a four-story building. All built by Spanish Bread.

You Use Technology

A book is a primitive form of technology.

When I write a book, I duplicate myself.

There are thousands of bookstores all over the country, and I’m in every one.

We’re also in Radio and TV.

The internet is one of the most powerful ways I duplicate myself. Every Monday, I email my Soulfood newsletter to 100,000+ subscribers. Everyday, I email Bible Reflections to 30,000+ KerygmaFamily members.

Find a way to duplicate yourself through technology.

Who Are The Richest People?

       The richest people are those who use the 2 ways of duplication to create their Passive Income. They form teams and they use technology.

Ask yourself today.

How can you duplicate?

How can you duplicate in your job?

How can you duplicate yourself via a business?

How can you duplicate yourself in your ministry?

How can you create your Passive Income?

Many Are In Prison

Three days ago, I visited the national prison in Muntinglupa. 

It felt so sad.

I felt so much pity for the prisoners.

I noticed the thick walls surrounding the prison. They were 20-feet high, with barbed wire on top. All around, I saw an army of patrolling guards holding high-powered guns around their shoulders.

Why were the walls so high? Why were the guards there?

To contain the prisoners. To keep them there. So they won’t go anywhere.

But then I realized one thing: People outside are prisoners too. But their prisons aren’t made of stone or steel. Their prisons are prisons of the mind. Their prisons are made of negative thoughts and wrong beliefs, which prove to be far stronger than stone and steel.

I’ve met so many people who are stuck.   They say, “This is my lot in life. I’ll no longer change. I’ll just die here. I’ll remain poor. I’ll be here for the rest of my life.”

People are imprisoned by poverty.

By their low-paying jobs.

By their debts.

By their low-self worth.

Here’s our problem: We think small.

For the longest time, you’ve heard people tell you…

“Be humble. Don’t dream too high.”

“Be content. Don’t aspire for greater things.”

“Be lowly. Don’t seek for a better life.”

Break those prison walls around you!

Shatter them by taking on God’s beliefs for your life.

Because I hear a different message from God.

He says to you, “You’re my child. I’ve given you a powerful gift within you. I’ll multiply your gift so that you can multiply your reach, multiply your influence, and multiply the blessings you give the world.”

Indeed, your future is brighter than your past!

I believe God wants more for your life.

God wants you to expand.

To become better.

To go higher.

To increase.

To love more.

To serve more.

To prosper so that you can prosper others.

Friend, duplicate.

May your dreams come true,

Bo Sanchez

List of life insurance Companies (by: Pesos & Sense)

Many People invest on life insurance (like me) to be sure that when time comes for us to leave in  this world,  you will have something to left for your family .

Before choosing what insurance company to get the plan, We must always double check the standing of the company that you are going to invest into.

Sharing with you this blog written by Pesos and sense regarding the List of different life insurance companies  in the Philippines.

Life Insurance Companies – Infographic

OCTOBER 17, 2013 BY PESOS AND SENSE 

Here’s a list of companies offering LIFE INSURANCE with licenses renewed by the INSURANCE COMMISSION for the year 2013-2014.

– See more at: http://pesosandsense.com/list-of-insurance-companies/#sthash.C65h9VPD.dpuf

What is Your Magic Number? (By: Aya Laraya)

Learn the Importance of Setting a Financial Goal

“I want to invest. Where do I start?”

This is one of the most common questions we receive everyday. The simplest way to start is by knowing your magic number.

Investing is a journey. And with every journey, you have to know where you want to go. The only time you should move forward is once you know where your destination is.

Define Your Magic Number

Think of the amount you need to live the life that you want. This number should cover whatever purpose you may have. It may be for retirement, health care, education, vacation, etc.

This is your Magic Number or your financial goal.

The Cost of Your Current Lifestyle

Do you know how much your current lifestyle costs?

Let’s say you are single, and you need around P30,000 a month to survive. P30,000 multiplied by 12 months is P360,000 a year. Round it off to P400,000 so you have extra for emergency. Now if you have 4 million pesos that earns 10% a year, you already got your current lifestyle covered.

But of course, as you grow older, get married, and have a child, your magic number will change as well. That is why you have to keep updating this.

How will you know that you can actually retire if you don’t know your magic number?

That is why it’s called magic. Once you have it, it changes the entire way you live.

My Magic Number

Back in 2007, I was about to get married. And since we are about to start a family, the attitude should be more focused. So the first thing I did was resign. I also asked my wife to to resign as well. What a crazy thing to do, right?

Why was I able to do that? I already got my magic number. I knew what I wanted. I knew how much I had and I knew how much it could make. I had my money work for me.

The next 4 years, I stayed at home and watched my son grow up. I started working again in 2011 simply because COL gave me an opportunity I could not resist.

How Long Should I Invest?

Another way of getting your magic number is knowing the ideal age to enjoy the life you want. If your first magic number will tell you how much you need, the second one will tell you when you should have it.

At what age do you want to retire, or achieve your financial goal? You have to know this too, because this will determine how much time you have to invest and grow your money.

This will establish your time frame and help you choose which investment is right for you.

How To Get There

If your magic number is the destination, your investment is the vehicle to get there.
Look for an investment that will help you achieve your magic number. But before you do that, there are things that you have to consider – like the time you have and the risks involved.

 

Different people have different magic numbers. Depending on your financial goal and situation in life, there is an investment that is best suited for you.

Whatever investments you go into, you should be able to get what you want. Once you have it, do you still need to work? If you want to, you could but you don’t have to.

A lot of successful people fail to do this – doctors, lawyers, and celebrities especially. Most of them enjoy what they do, but a lot of them are also terrified to stop because they don’t have enough savings.

Whether you want to invest in stocks, mutual funds, or other investment vehicles – knowing what you want to accomplish and when you want to have it, will be your compass on where to invest your hard-earned money.

For example, an 80 year old retiree who wants to place his money in a long term investment like a mutual fund – his time frame and the time needed for the investment to mature don’t match.

Knowing your magic number will help align your resources, investment strategy, and goals. Find your magic number first.

Question: Now you know the importance of getting your magic number, how will it affect your investment decisions?

How will your money grow in stock market?

This is an article worth sharing by Mag-invest ka Pinoy!

 

Dear Friends,Have you ever wonder why some people get reasonable profit in stock market without spending most of their time? There are two ways you need to understand:

 

1.      Capital Gain – A rise in the value of an asset based on a rise in market price. For example, say you purchase a share for $10, which pays a dividend of a $1 per share each year, and is now trading at $15 per share a year later. Your capital appreciation in the investment is $5, or 50%, as the price of the share has increased $5 over yourpurchase price or cost basis. Your interest income return is $1, or 10%, for a total return on the shares is $6 or 60%.

 

2. Dividend –  A distribution of a portion of a company’s earnings, decided by the board of directors, to a class of its shareholders. Watch this video for visual explanation: What is Dividend?

 

How to Claim an Insurance Policy

It never came across my mind that I should prepare the papers to claim the my insurance policy……. until now

______

How to Claim an Insurance Policy by: Aya Laraya

The purpose of a life insurance policy is to protect your family and your other assets when you are gone.

Now, we’re sure that you have heard some insurance horror stories wherein the beneficiaries weren’t able to claim the money from the insurance company due to many reasons like unfinished payment, elapsed claiming time, lost receipt or certificate of full payment, incomplete requirements, or a policy that the family wasn’t even aware of at all!

Instead of comfort, these are added stress to the beneficiary. Bear in mind that it is not the insurance company’s responsibility to inform your beneficiary about their benefits when you die, that is yours! (While you’re still alive, that is.)

Here are some tips so that claiming would be easier for your family:

1.Get an insurance policy from a large company

Sa malaking insurance company, mas organized ang proseso ng pag-claim. It is also easier to look for information about the company’s claiming process online. And since it is a big company, there is a smaller chance for it to be bankrupt. (Take note: smaller chance, but still possible)

2.Know all the requirements of claiming

Go to the company website or ask the insurance agent who sold you the insurance package. You should know ALL the requirements and process of claiming. List them down and try to accomplish what you can.

You can start by getting the basic requirements like birth certificate, marriage certificate, and others to make it easier for your beneficiaries. This is especially true, lalo na kung bata pa yungbeneficiary. Sino ang mag-aasikaso nun pag patay ka na? Ikaw parin?

Dapat, handa na ang lahat ng requirements mo. Dapat death certificate nalang ang idadagdag dito. Morbid? Yes, pero bakit ka nga ba uli bumili ng life insurance?

3.Collect everything in one envelope

Once you’ve gathered the basic requirements, put everything in one envelope. Make sure that you label it properly and have a checklist of requirements that your beneficiary still has to get.

Also, label the envelope properly. Put the name of the insurance company, contact number, website, insured amount, and the name and number of the person who sold you the policy.

It is better if your family knows the agent who sold you the product personally. This way, they will know who to go to after you’re gone. It’s best to do these things while you still have time, because who knows, right?

4.Let the beneficiaries know that you have an insurance package

You should inform your spouse, children, or whoever your beneficiary is that there is an insurance package and how much they will get.

Some people never mention this information to their beneficiary, na may makukuha sila kapag may di inaasahang pangyayari. Kasi, baka nga may mangyari! Kung duda ka sa kanila, bakit mo pa sila ginawang beneficiary?

Seriously, who will tell them about your policy kung patay ka na?

It’s sad that family members find out about the insurance years after, and worst, it’s beyond the claiming deadline at wala na silang makukuha pa. Sayang naman ang pinaghirapan mo para sa kanila.

5.Make sure that you pay the monthly premium regularly

Don’t let the late charges accumulate and skip on paying the monthly fees because if something happens to you and the payment is not updated, it is possible that the policy will be void and your beneficiaries won’t get anything just because you forgot to pay a few hundred pesos.

6.Ask for the certificate of full payment

Once you’re finished paying the insurance premium, don’t forget to ask for a certificate of full payment from the insurance company so that there will be a proof when your beneficiary has to claim.

If the insurance is not yet fully paid, be sure to keep all the receipts in case it will be needed in the future.
Did you know that even a centavo of unsettled payment may cause for your beneficiary to not get anything?

7.Maintain contact with the insurance company

After you complete your payments, keep contact with the insurance company. If your current agent retires or leaves the company, make sure you know who will replace him or her.

Keep yourself updated with the requirements, procedures, and forms because they keep on changing it.

We hope by now you see how important it is to take the time to monitor your investments like your life insurance. After all, the very purpose of this investment is for your family to be secure even after you are gone. This is more than just money, but a legacy that you will leave to them.

Top 10 Investing tips

Just want to share the top 10 investing tips infographics writtten  by mag-invest ka pinoy from warren buffett

Stock Market Outlook for Next week

Just sharing the stock Market Outlook by Business Mirror posted in PSEs FB page

“Stock Market Outlook”
(BusinessMirror / Sunday, 22 September 2013)

*Stock Picks: LTG, GTCAP (see details below) / candidate for profit taking: MEG, SM, AC

*“We see no reason for the index to go down in the near term now that the Fed has postponed its tapering, which has resulted in a risk-on sentiment”..

• Last week:
————–
Share prices gained after the US Federal Reserve maintained its bond-buying measures with the main index increasing by about 5 percent, and even returned to the 6,500-point level. The Philippine Stock Exchange index (PSEi) added 291.21 points, or an increase of 4.75 percent from the previous week, to end on Friday at 6,424.45. The main index reached as high as 6,587.48 points on Thursday, the day when the US Fed announced its decision to maintain its $85-billion-per-month bond-buying program, although some shares succumbed to profit-taking the day after. There were a lot of foreign activities on Friday, as most funds started to flow back to emerging markets such as the Philippines. Data showed that total net buying for that day reached P17.14 billion, or close to the average net trading of the bourse for a single month.

• This week:
—————
Analysts said the local equities market may correct during the week, following its rally but it will generally move up as the two major issues hounding the regional bourses were resolved. The Bank of the Philippine Islands said the main index may increase if it breaks out from the 200-day moving average of 6,467.52 points. “We see no reason for the index to go down in the near term now that the Fed has postponed its tapering, which has resulted in a risk-on sentiment,” the bank said. Trading would be between 6,300 and 6,700, a wider band as a result of the generally positive sentiment for emerging economies. Justino Calaycay Jr., a broker at Accord Capital Equities Corp., said the markets will begin trading with a relatively clean slate after the two biggest concerns—the fear of US Fed tapering off its quantitative easing measures and the US threat to use military strikes against Syria—were temporarily eased off the table. “Attention will probably shift to market leaders ahead of an expected quarter-end window dressing. The final week of trades for the first and second quarters booked gains of 2.2 percent and 5.1 percent, respectively,” Calaycay said.

• Stock picks:
—————
Investors may continue to look at the performances of new members of the PSEi, the LT Group Inc. and GT Capital Holdings Inc. Shares of LT Group shed 5.5 percent of its previous price of P19.08 before it joined the benchmark index, while GT Capital gained 2 percent to P820 during the week.

Pundits may also cash in on their gains from property developers Megaworld Corp., SM Investments Corp. and Ayala Corp., all of which posted double-digit increase in its share price last week.

Simplify And Live The Good Life (Bo Sanchez)

Simplify And Live The Good Life

by: Bo Sanchez

 

My parents breathed simplicity.

Oxygen too, but that’s pretty obvious.

Dad was an assistant vice president at a humongous company, yet I didn’t “feel” like I was a rich man’s kid.   Because my parents made it a rule to live below their means.

A millionaire’s son rode a sleek Benz.  I rode our sixteen-year old Toyota that sounded more like a drum and bugle band, with its cacophony of bangs, rattles, and whams.  Oh yes, our neighbors had cars with a little bit of rust.  But we had rust with a little bit of car.  An heir of the moneyed class was chauffeured to school, but as early as Grade III, I was taking the public jeepney—sitting, standing, or swinging from its handrails like a flapping flag…

The wealthy dined on gourmet meals every day.  But the culinary highlight of my whole week was when Mom bought Coke for our Sunday lunch—the only time we tasted the stuff.  I’m not kidding.

Rich kids wore outfits from America, England, and Paris.  I wore clothes from Avenida, Escolta, and Pasay.

The mansions of the rich and famous are veritable furniture showcases, complete with sixteen Egyptian jars from the Nephriti era.  I learned that one of those monstrous flower vases was equal to the price of our entire house.  But naturally, we too had our own flower vases.  If my archeological knowledge serves me right, they came from the Nescafe era.

Their estates have playrooms with life-size Barbie’s and Power Rangers.  But the way I played with expensive toys was admiring them from the store shelf and using my imagination to the hilt.  That way, I owned all the toys in the world.

You’ll be shocked by what I’m going to tell you, but in all these, I recall never feeling deprived in anyway.

Let me tell you why.

I remember my father coming home every night and we’d go jogging together–around our old car parked in the garage.  (Dad says he wasn’t vying for the Olympics anyway.)  Then I’d sit on his lap and we’d talk about how to solve the problems of the universe.  After dinner, we’d read the comic pages together.  Tarzan was my favorite, until I reached puberty.  From then on, it became Jane.

Almost every Saturday afternoon, it was father and son time.  We’d walk to the shopping center and Dad would buy me a hotdog.  Then we’d walk back home, bringing some small thing for Mom, usually a chocolate bar.  To add sentimental value to our token gift, I forced myself to take a few bites from it.

I guess being with Dad and Mom were all that my little boy’s heart ever wanted.

And I got it, every single day.

Start Living Deliberately

I believe that God chose to write the “map of happiness” in the ordinary parchment of simplicity—like a treasure map written on recycled brown paper.  Consequently, many people ignore the map, and are attracted instead to the more glossy, loud, shiny maps around.  But when they follow these others maps, they end up tired as a dog chasing it’s own tail.

I have a radical suggestion.

Simplify.

Simplify because you want to discover the depths of your soul.

Simplify because you want to start living deliberately.

Simplify because you want to love from an uncluttered heart.

Remember that simplicity is only a first step of the journey.  Holding the treasure map, memorizing it, photocopying it a thousand copies, and keeping it safe in a vault won’t make you claim the gold.  You actually need to sail through oceans, climb the peaks, cross the valleys, and dig in caves.

Simplicity will point to you where and what and who the gold is in your life.

Once you know your gold, the game has just begun.

Will you treasure your gold?

My parents knew their gold: (1) Each other, (2) their six children, and (3) their faith.  They tried to live uncluttered lives so that they could have time for what was most important.

They didn’t busy themselves buying a bigger house, because that would mean working harder to pay the monthly amortization, do overtime work, or take a second job.  Who would then go jogging with little Bo every night?  Who would read Tarzan for him?  They didn’t burden themselves buying a BMW because that would mean laboring and worrying about installment bills.  Besides, walking to the shopping center every Saturday afternoon with his son gave him exercise, and made little Bo feel special.

One of the delights of my heart was seeing Dad and Mom in their bedroom at night, after our nightly family prayer.  The lights were turned off, and I’d see the silhouette of my father seated on his old chair and mom standing behind him, gently massaging his shoulders.  I’d hear them talk about what transpired in their day.  Even as a child, I sensed their quiet pleasure at being together.  My question today: Could they have done this rich ritual each night and nourished their marriage if they were busy paying designer outfits for themselves or their kids?  Or worrying about monthly bills for new hi-tech appliances?

I don’t think so.

And I’ve made the choice: I don’t want that kind of life either.

In the next few weeks, it will be my pleasure to take you through the peaks and valleys of this journey towards happy simplicity.

May your dreams come true,

Bo Sanchez

 

Magic Key To Wealth: Make Yourself More Valuable (Bo Sanchez)

I remember in one of Bo Sanchez talk  about self worth.

He crumpled a Php 500 bill in his hand, throws it to the floor, step on it and then asked the audience who wants the Php 500 under his shoes.

Many people raise their hands and said they still want the money even if it’s dirty because it still cost Php 500.

We are all like that money, no matter what happened to us, we are still valuable because we are children of God.

In this article also written by Bo Sanchez, he tackled about how to make ourselves more valuable. How to increase are worth.

—

Believe that you have value.

Believe that you have something to give to the world.

      Anthony Robbins says, The single most important and potent way to expand your income is to devise a way to consistently add real value to people’s lives, and you will prosper.

If you can add to your life more skills, more ability, more intelligence, more creativity, more caring, more personalized service, more organized systems—and thereby increase the quality of life for the people around you—you’ll be able to earn more money.

I’m not just talking about entrepreneurs.  If you’re employed right now,make yourself more valuable to your company.  Don’t expect a raise every year simply because you show up every workday!  Develop your job skills, learn new ones, look for ways to improve your company’s products and systems, search for procedures to make the work of your boss easier, and think of ways where your company can save money.

I know of someone who entered as a clerk in one of the biggest companies in the country.  This guy simply didn’t stop making himself more valuable, he enrolled in any course he found useful to his profession.  His bosses noticed his drive and kept giving him new responsibilities until he ended up as the company’s Assistant Vice President.  Sound like a fairy tale?   Not to me.  I’m talking about my father…

If you are self-employed, ask how your business can touch and bless the lives of your customers.  Again, by making your business more valuable to people, earning profit can be the only consequence.  My friend expanded his restaurant business considerably when he asked what his customers wanted to eat and at what prices.  He asked questions.  He took down notes.  He experimented.  Marketing people will say that he did a market analysis, but in my language, he simply learned how to love his customers in a better way.

Discover Something That You Have

That Others Need

 

        You have something that people need.

I don’t know what that is, but I know it’s there.

This is the basis of the entire world of business.

This is why people like you and me can make a living, work in jobs, and earn a profit.  “Having something that people need” is the foundation of any trade—whether it’s the guy selling peanuts down the street or the multi-billion corporate empires of the world.

You have something that people need, and you need to discover what that something is.  It could be some latent talent or skill or preference that you have.  It could be your creativity.  Or your patience.  Or your dreams. Or your cooking.  Or your talkativeness.  Or your silence.  Or your knowledge.  Or your hobbies.  Or your interests.  Or your tastes.

But somewhere out there, someone needs what you have—and they’re willing to pay good money for what you have.

The Bible says, Do you see a man skilled in his work?  He will serve before kings; he will not serve before obscure men. (Proverbs 22:29)

I love the simple life.  And the simple life is not poverty.   The simple life also means earning efficiently—utilizing the least amount of time and energy for the most profit—so that you have time for spiritual growth, enriching family life, and loving service to brethren.  I’m not talking about giving in to greed.  I’m talking against underselling yourself and being inefficient in your use of time.

I know of someone who was an excellent religion teacher in a school.  For years, he loved sharing his faith to his students.  But one day, his youngest child acquired a severe illness that needed expensive medical care, something he couldn’t afford with his current pay.  Forced to look for a more profitable income, he asked himself what he had that others needed.  One day, it just clicked in his brain: he’s a great teacher, but this time, he can teach professionals.

Today, my friend is an in-demand speaker at human resource seminars, giving self-development courses for executives to rank and file employees all over the country.  On the side, he impacts them with his faith perspective.

I know of someone else who wanted to give jobs to the poor people who lived around her home.  She always loved artwork, and so directed her attention in that field.  With some encouragement from her husband, she designed some very simple gift items using native material, and entered a big-time exhibit in Manila.  In her mind, she doubted whether anyone would like her very plain and easy-to-make creations.   But in that exhibit, an English businessman saw her products, liked them, and made his first order.

Her little “hobby” is now a successful export business that gives livelihood to eighty poor families.

What do you have that others observed as significant, beautiful, useful, and very good?   First, expand whatever that thing is.  Increase it.  Multiply it.  Enhance it.  And second, do some research.  How do others who also have what you have make a living from it?  Continue to be open.

Discover something that you have that others need.

May your dreams come true,

Bo Sanchez

Purify Your Thoughts About Money – Bo Sanchez

Purify Your Thoughts About Money

I receive tons of letters from readers, most of them happy, but some of them heart-rending.

Just yesterday, one letter I read was from a man who was poor all his life.  He didn’t even know how he’d get food for his family the following week.  Sure, he had a job but it paid miserably and wasn’t even enough to keep his kids in school.

I opened another letter the other day and read about a woman who had so much debts, her monthly payables are double her monthly income.  And according to her, she’s already living very, very, very simply.  She hasn’t bought a new dress for ages, never goes to movies unless it’s a freebee, and has sold most of her belongings already.

You know that I recommend the simple life.  But not having enough money for your basic needs isn’t the simple life.  That’s poverty, and that complicates life.

 

Read carefully.  Money isn’t everything and people are totally mistaken if they think that money will solve all their problems and make them happy.  But we do need money to live.  It’s because of letters like these that made me launch my financial crusade.  I want to help good people make money.

And the first step to making money is to purify your thinking towards money.

If somewhere in your brain, you think that money is evil, that it is unspiritual to earn money—then somehow, even subconsciously, you will find ways of AVOIDING money.  I’m serious…

But the Bible doesn’t say that money is evil; the love of money is.  Money is a neutral thing that can be used to love or hate, to build or destroy, depending on how you use it.  In other words, it can make you holy or it can make you evil—much like anything else in life.  It all depends on whether you follow or violate the laws written in the fabric of the universe concerning its use.

Purify your thinking towards money by embracing the truth that God wants you to have some material things to live a humane life, enough for your needs, and more than what you need, so that you can be generous.  In fact, the Bible says, If a man will not work, he shall not eat.  (2 Thessalonians 3:10)  and All hard work brings a profit…  (Proverbs 14:23)

Right now, wherever you are, make a faith statement that your Creator wants to provide for your needs.  Make a faith statement that God wants you to work and earn for a living and be responsible towards your family.

Also, it’s important to watch your attitude towards those who are earning well.  Do you resent them?  Do you feel that they are unspiritual?  Do you feel that they used deception to earn that kind of money?  If you continue to have these thoughts, you’re telling yourself that money indeed is bad and unspiritual and can only be taken by deception.  Banish these thoughts!

Purify Your Motives About Money

     Motives need to come from your highest values if we want to live freely.

Ask yourself: Why do you want more money?

To provide for the basic needs of your family?

To fulfill your God-given responsibility as spouse and parent?

To be more generous to those in need?

To have more personal freedom to love?

When you inwardly feel that your motives are in line with your highest values, then you’ll approach your moneymaking endeavors as a whole person.  You’ll move and walk and talk with integrity.  With peace and happiness!  The journey will be pleasurable.

But if you inwardly feel that your motives are not in line with your highest values, then you will work towards earning money as a divided person.  If your innermost motive for earning more money is merely for selfish opulence, your highest values will rebel against that and you’ll experience a loss of integrity—a disintegration in your character.  You may reach your financial goals, but you will never be at peace.

The solution?

 

     Follow your conscience and change your motives according to your highest values.

 

Earn money with nobility.

Make money without robbing your soul.

Purify your motives towards making money.

May your dreams come true,

Bo Sanchez