After the first two days of the Truly Rich Club’s Wealth Summit 2014, we were all so hyped up I just felt I had to share my thoughts with everybody. Bo Sanchez led us and asked us to raise our hard hats, commit to build our financial fortresses, and declare on February 28, 2014, that “Today, we go to work! Today, we make our first step to reach our goals!”
This Wealth Summit 2014 was so much fun for me, as I was joined by my wife, brother and niece (wife and brother in the picture, niece took the picture ). How inspiring was this Wealth Summit? They were pre-selling tickets for NEXT YEAR’s Wealth Summit 2015, and I joined a long line of people clamoring for these tickets! Join me next year, March 6 – 7, 2015 for Wealth Summit 2015!
But what about this Wealth Summit 2014?
Build your Financial Fortress
God’s Complete Blueprint of Success
Superheroes of Abundance – Wealth Summit 2013 last year was so awesome and inspiring I thought it would be difficult to match, but this year’s Wealth Summit was a blast!
My head was swirling with ideas and thoughts, let me just list some rambling notes, which I hope to finetune someday 🙂
Brother Bo Sanchez was the first featured speaker, and he talked about the two wolves that eat up your finances:
- INFLATION, which nibbles slowly but steadily at your savings everyday, at the rate of 3 to 4% per annum, and
- IGNORANCE, which may lead you to make disastrous financial mistakes that wipe out everything and bury you in debt.
He also talked about the three pigs. People who build their lives on debt are like the first pig who built his house with straws. The house falls with the slightest gust of wind. People who depend on only one source of income and do not save (e.g. single breadwinner, employee ) are like the second pig who built his house with sticks. One serious event can make the house fall. People who build their house with dynamism and who are always learning, growing, and expanding are like the pig who built his house with stone. They survive crisis after crisis, serve others and bless the world with their gifts and the universe rewards the with money and blessing.
AiAi Delas Alas appeared and entertained the crowd with her stories of hardship and difficulties during her younger days, and emphasized the value of perseverance/persistence in achieving incredible success.
Cecilio Kwok Pedro, CEO of Lamoiyan Corporation taught us how to fight the GIANTS. He started by asking us if we were “Happy?” so naturally everybody shouted YES! Then turned it to a joke and asked “Not Colgate?” Mr. Pedro talked about how Lamoiyan Corporation launched Happy Toothpaste and competed with huge competitors and battled seemingly insurmountable challenges. He talked about his employing persons with disabilities turned into an advantage, since they were more focused in their jobs.
We’ve all heard of the Bo Sanchez’ maid who invested in the stock market, but how many have heard of Edward Lee‘s experiment with his driver Gildo? Edward Lee, Chairman of COL Financial said he told his driver that if Gildo will invest P2,000/month in the stock market using the Truly Rich Club Stock Averaging Method and stock picks, Edward will match it with another P2,000 (or P4,000/month in investible funds). Gildo started in July 2011, investing P3,000 to P5,000/mo for 31 months. He started buying BPI every month beginning in July 2011, switched everything to Meralco in January 2013 (and buying Meralco every month). In June 2013, he switched everything to Megaworld and bought Megaworld every month. After putting in approximately P132,000, by Feb 26, 2014, his portfolio was worth P240,720.
Gildo earned closed to P110k in 30 months! ( Disclaimer: this is not a guaranteed result, but his buying and selling were done following the TRC strategy of regularly buying below “buy-below” price, and selling when reaching “target-price” ). The results are much better than expected, but spectacularly illustrate the “Turtles Always Win Blueprint” of stock investing.
Edmund Lee, President of Caylum Trading Institute showed the “Rabbits Can Win Too Blueprint” as he explained the day trading side of the business. While stock day trading can potentially earn much more than stock investing, it is much more difficult and exciting. Traders sometime stay out of the market vs stock investors who just keep on buying.
Johnlu Kua, Chairman and Owner of French Baker entertained us with his “Magic of Uniqueness Blueprint” as he related how he differentiated himself by being the very best French Baker, specializing in quality and delicious breads ( not cakes ).
Dr. Larry Gamboa, real-estate guru and best selling author of Think Rich Pinoy, led a discussion with Sha Nacino and Aileen Santos, not about real-estate, but about “Money out of Thin Air Blueprint” or monetizing ideas by writing books, public speaking, training, seminars and online selling.
Noel Arandilla and Joen de las Pinas deciphered insurance and explained concepts in very simple layman terms, then taught us to solve one of life’s greatest mysteries: how much insurance should one get? They proceed to advise us that the cheapest is term insurance. They cite the ironic fact that many people spend more on car insurance than life insurance.
We listened to Randy Manaloto as he narrated the story of how he found a dilapidated piece of property in Makati, and converted it to a money machine. We were then inspired by the story of Maves Angeles‘ journey from being an NPA (no-permanent-address) informal settler hounded daily by threats of demolition and ejection, to the being a homeowner securely sleeping in her own bed, to being a property developer helping people achieve their dreams. ( Maves Angeles was my second favorite speaker, next only to Rex Mendoza )
Marco Victoria declared that one can sell anything on the Internet and using creativity, do viral marketing for free. Marco makes shoes and sells them online. He also sells cars! ( I have to make my friends in KabayanCentral.com talk to Marco! ) Jay Castillo related his passion of blogging about his personal education in real estate turned his flagship website ForeclosurePhilippines.com into a money machine
Paulo Abadesco gave a technical presentation on how non-techies can create their online presence by using pre-built tools for ecommerce.
Jomar Hilario, Internet Marketing Guru, started the “Work from Home Blueprint” by asking “Who is Jomar Hilario?” then proceeded to interview people he helped become Virtual Assistants, work from home, earn dollars (like OFWs, but from home), and spend more time with their families.
Dean Pax Lapid led a panel of fellow serial entrepreneurs, like Jun Toreja of Toreja’s Construction and Supply Corporation and Ronnie Siasoyco of Trion to discuss the “Create your Army of Businesses Blueprint“. Ronnie is probably the most techie accountant-by-training entrepreneur in the world ( he designed the modern digital electric meters installed in most new houses ) .
My favorite presenter was Rex Mendoza, CEO and President of Philamlife, and numerous other ventures. He is a brilliant speaker who always deliver his lectures with such fire and passion one wonders if he is berating his captive audience, or simply exhorting them to achieve greater heights. He talked about experiencing a breakthrough in our jobs/business via the “World Class Mindset Blueprint“. He introduced basic concepts and explained them in very simple terms. Brilliant, inspiring, hilarious… ( I’m running out of adjectives ). Mr. Rex Mendoza is my financial superhero!
All throughout the event, we were assisted by super friendly ushers in white hard hats and construction worker attire. We were energized by joyful worship led by preachers and a world-class band. Have you ever been to a financial seminar with hosts and audience jumping up and down with joy while singing praises to the Lord? I was particularly amused when during one of the prayers, Mike Vinas used “after the ROE’s (return on equity) and ROI’s ( return on investment )” and “praise the Lord” in the same sentence.
Friends, I hope you also Join the Truly Rich Club and like me, be blessed and inspired!
I am a Diamond member seriously considering moving up the ladder to Platinum member. ( but that is the subject of a future post )