By Bo Sanchez
“I don’t come from a rich family,” Edward said.
I blinked hard. “For a moment there, I thought you were related to the Taipans. Sorry to say this, but you look rich.”
“Not at all,” he said, “My parents are very simple people. My mother was a school teacher and my father was an ordinary door-to-door salesman. That’s why I believe that anyone can succeed in life.”
That day, I was having lunch with the Chairman of the Board of a few mega-companies. (I never knew that this was going to be the first of many, many lunches with Mr. Edward Lee. He has now become one of my best business and life mentors.)
“I was a bad student too,” Edward said.
“No Harvard under your belt?” I asked.
“Bo, I was a failing student all my life! People called me dumb. In fact, I never finished college.”
No college degree?
At that moment, a nice waiter came to our table.
Suddenly, it occurred to me that the young chap serving my dish probably had a college degree! (We were eating in a really expensive restaurant.)
And here I was, seated in front of a man who had no college degree, yet was now a billionaire.
Why? What happened?
I couldn’t wait to find out…
One of the Secret Ingredients of Success
“Do you know how bad a student I was, Bo?”
“Really bad?” I asked.
“In Grade School, I was an overweight kid who always slept at the back of the class,” he said. “Because my mother was a teacher in that same school, she would silently enter the room and wake me up. Being stout, I’d sweat a lot. She’d pull me out of the classroom, wipe my back, and change my shirt. She’d then tell me to return to class. And yes, I’d go back, sit on my chair, and sleep again.”
We both laughed. “You loved sleeping.”
How A College Dropout Became A Mega-Millionaire! – An interview by Bo Sanchez
“I was so lazy. And I just didn’t like school. That’s why I failed most of my subjects. All the way to High School. The only reason why I never repeated a year was because of my mother. As I told you, she was a teacher in the school.”
“Must have been very difficult for your parents.”
“I gave them hell. I caused them so much heartache. They’d cry and cry and cry in front of me, saying, ‘Edward, we know you’re not dumb!'”
“They never condemned you,” I said.
“Never. Not once did they say, ‘You’re stupid,’ or ‘You’re hopeless.’ Instead, all I saw were their tears and their unconditional love for me.”
Edward continued. “So if you ask me today, ‘What was the most important ingredient for your success?’ I would have to answer, “I am who I am today because of the unconditional love of my parents.”
“Beautiful. And did you at least try to go to college?”
“Yes. My parents insisted. But I failed there too. I cut classes and played bowling instead. By age 20, I dropped out.”
“And then what happened?”
“That was when I started investing in the stock market.”
God Moves His Hand
“One day, while playing bowling, I met another bowler. I was shocked to learn that he was one of my college professors! As the days went by, we became fast friends. And he was the one who taught me how to invest in the stock market.”
“So that’s what happened. You were 18?”
“Yes. On that day, I believe that God intervened in my life.”
“By the way, after 36 years, that professor is still my friend today. He now sits in the Board of Directors in one of my companies.”
“Fantastic. And you never left the Stock Market ever since?”
“Been there for 36 years. That’s how I created my wealth, Bo.”
“Edward, here’s my big question for you. Can anyone create his wealth in the Stock Market?”
“If you can save P5000 a month, yes you can.”
“P5000 a month?”
I frowned, “But Edward, isn’t the Stock Market dangerous?” (At that point, I have not yet gotten into the Stock Market.) “So many people say that they lost a lot of money in the Stock Market. I know some who curse the day they got into it.”
Are You An Investor or Trader?
Edward chuckled. “Bo, there are two kinds of people who get into the Stock Market. There’s what you call Investors and there’s what you call Traders. Investors hold their stock positions longer with the view the company’s growth will eventually carry the price. Traders take a short-term view trying to make the most out of market swings. Trading therefore is much more difficult and more prone to risk…”
“We shouldn’t trade then?” I asked.
“Don’t get me wrong,” he said. “If you know how to trade, you’ll earn much more. And yes, I can teach you to be a good Trader. But it requires time and experience to be a good one. But because you don’t have time…”
“Hmm, you know my schedule!” I laughed.
“Because you’re always busy preaching and doing your ministry, I’d rather that you be an Investor. It’s a no-brainer. I believe anyone can be an Investor in the Stock Market. And you’ll earn millions over time.”
“So when you’re an Investor, you don’t sell?”
“You do sell, but only after ten or twenty years.”
“And my P5000 a month will grow substantially and possibly make me a millionaire someday?”
“Over time,” he smiled.
I was dumbfounded. “You seem so sure, Edward. Doesn’t the Stock Market go into dips, crashes, and recessions? Won’t I lose my money when these happens?”
“It is possible for your investment to lose some value temporarily, but if you hold and ride the lows out, and keep on investing your P5000 every month while it’s low, soon, the market will go up again. Most stock markets, if not all, climb higher over time. It’s all a cycle.”
“How could I buy when everything is crashing?”
“That, in fact, is the best time to buy as you attempt to pick up good companies at fire sale prices.”
“Last question, Edward. How will I know what is a good company to buy? What if I buy a lemon that will go bankrupt next week?”
“You only buy shares of great companies that will keep growing for the next 10 years or more.”
“How will I know if a company will do that?”
“I can tell you their names now,” he winked. “We’ve got an army of analysts who don’t do anything else but study all the companies in the Philippine Stock Exchange.”
“Hey, that’s great. Okay, last, last question. When can I start?”
“Today if you want. Everything is online now.”
Making Millions At P5000 A Month
That conversation happened two* years ago.
That was when I began to invest in the Stock Market.
And for two* years now, Edward has mentored me in business and life.
And obviously, he has guided me in my Stock investments.
Today, I’m actually thrilled when the Stock Market is down (like now!). That means I can get richer. Because the little money I invest each month can buy more shares-which will multiply faster when the Stock Market cycles up again.
By the way, if you want to start investing in the Stock Market and don’t know how, Edward’s company, CitisecOnline**, has a fantastic program called Easy Investment Program, exactly the way I described above.
As Bo Sanchez said, I want you to experience this sense of hope and excitement too. Take charge of your finances. Don’t leave it to chance.
I encourage you to invest in your future. If you want me to help you, I’ve created the TrulyRichClub to guide its members to build their wealth. I’ll teach you how to do it. I’ll send you my Stock Updates every two weeks to tell you what Stocks to buy and sell. To know more about the TrulyRichClub, click the link below:
Yes Bo, teach me how to grow my money!Tell me more about the TrulyRichClub
PS. Take charge of your financial future.
To know more about the TrulyRichClub, click the link below:
Yes Bo, teach me how to grow my money!Tell me more about the TrulyRichClub
PS2. Join my TrulyRich Club! This unique program will open your life to abundance and change your limiting beliefs that prevent you from achieving personal success. To test-drive this powerful program for FREE***, log on at www.TrulyRichClub.com now!
To know more about the Truly Rich Club, click the link below:
*This article was written several years ago, so the conversation is more than two years old
**CitiSecOnline is now known as ColFinancial
***To test drive, download the FREE eBook My Maid Invests in the Stock Market