Truly Rich Club

Hello to YOU!

Last year, I joined the TrulyRichClub. It was one of the best decisions of my life. Founded by Bo Sanchez, its purpose is to “help good people become rich”. Because of the guidance I get from the Club, I’m now investing again in the Stock Market each month! Shocking, right? But it’s amazing how I’m personally growing in my finances. I’m inviting you to join the Club too. If you’re interested, click the link below. Listen to Bo explain what it is all about. And email me if you have any questions.

God bless to us all!!

http://cher_sperling.trulyrichclub.com/

Best wishes and good luck,

Cheryl 

The Complete Financial Plan

By Cheryl Sperling


Although personal finance covers a lot of varied money topics, like saving, budgeting, expenses, investment, insurance, and healthcare; it would boil down to these summarized concept below: If you plan for these eventualities NOW, then you could sleep peacefully at night that your life is in order. Don't wait for the perfect time to PLAN and EXECUTE your financial goals ... just start TODAY! 

                                                * Courtesy of IMG

Today's Quote

"We are masters of our fate and captains of our souls."
~ Winston Churchill

What Is Your Financial Goal?

By Cheryl Sperling


Setting Your Personal Financial Goals.
All of us is different. We have our own priorities, our own wants and likes, our own circumstances, and our own preferences. That's why our personal financial goals could be different with another and our way of reaching those goals varies as well. With these in my mind, we have to set our goals based on how we want to achieve our goal or the style we will employ, as only through this that we will likely work on it and thus succeed in reaching that goal.


Factors To Consider.
1. What is your priority? 
First of all, you need to identify what is the most important thing

Winners are Planners

By Cheryl Sperling

I just want to share this with you ..."Winners Are Planners"   Bro. Bo Sanchez is one of my financial mentors. He is not only a charismatic preacher but he also teaches and shares his knowledge of how to be financially free and prosper in life, financially, spirituality, and physically. Read on ....Let's start planning and be winners in our life!

BoSanchez.ph » Winners Are Planners

bosanchez.ph

Think about it. Have you ever met anyone who planned to fail? Someone who wakes up in the morning and says, “Gosh, I really want to fail in life. I want to end up totally miserable. I want to end up divorced. I want to be hated by my family. I want to be broke forever and live in abject poverty. I w...

Is THIS Success?

By Rex Duenas

Every second someone around the world attempts suicide. One every 40 seconds succeed. - but is that success? The World Health Organization (WHO) estimates that every year, almost one million people die from suicide; a "global" mortality rate of 16 per 100,000, or one death every 40 seconds.

Suicide worldwide is estimated to represent 1.8% of the total global burden of disease in 1998, and 2.4% in countries with market and former socialist economies in 2020. Traditionally suicide rates have been highest among the male elderly, but rates among young people have been increasing, in both developed and developing countries. Mental disorders (particularly depression and alcohol use disorders) are a major risk factor for suicide. Suicide is complex with psychological, social, biological, cultural and environmental factors involved. But the cause is FAILURE!

Only a minority, of course, go to this extreme,

An Inspirational Story!

Can we connect the DOTS in our life!!! Read on .... and be inspired!

Steve Jobs' 2005 Stanford Commencement Address

http://www.youtube.com/watch?v=UF8uR6Z6KLc

Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios...

5 Comeback Rules

By Cheryl Sperling


In life, we experience set backs, problems, and challenges which seems like giants that are so difficult to face ... and most times, we get discouraged and so down beaten that we just opt to give up and surrender. And we feel that we just failed in our endeavors and are failures in our life. But, hey, wait!! These are just temporary failures, if at all!! Here are some tips to overcome these negative feelings we have and start to turn ourselves around by using these tips to finally attain SUCCESS! " If you haven't failed, you will never succeed!" Good luck! 


This is an excerpt from, The Inspiration By God Newsletter

"Today, I am going to reaffirm that do-overs are indeed possible, and when something in your life goes terribly wrong, it is possible to fix it.

The following are five rules that you can use to pick yourself up, get back in the game and make 2012 the best year of your life.

Here's your playbook for success!

Comeback Rule #1 - Refuse to Die

Those with the character to triumph in the end tend not to

Today's Quote

‎"The reason most people never reach their goals is that they don't define them, learn about them, or even seriously consider them as believable or achievable. Winners can tell you where they are going, what they plan to do along the way, and who will be sharing the adventure with them." - Denis Waitley

Today's Quote

" Learning is the beginning of wealth. Learning is the beginning of health.

Learning is the beginning of spirituality.

Searching and learning is where the miracle process all begins.

- Jim Rohn

    

"How To Prosper" By Bro. Bo Sanchez

*As shared by Sha Nacino, which am now re-sharing with you. 

"Note: Below is a tiny excerpt from my soon-to-be-released book, How To Prosper, Overhaul Your Financial Life. (It’ll be out in the bookstores soon.) Enjoy! –Bo Sanchez

Drink Now Or Drink Forever?

        One day, a man got lost walking in the desert.

        The next day, he was still lost.

        After two days under the scorching sun, he was very thirsty.

        All of a sudden, he saw a little wooden shed.

        He ran to it, thinking of only one thing—Water!

        When he arrived there, he saw an old, rusty water pump sticking from the ground.
        He gripped the handle and began pumping like a mad man.

        But nothing came out.

        Disappointed, he stepped back how to make it work.

        Looking around, he saw a jug covered with dust.

        When he grabbed it, he saw a piece of paper stuck on it.
       The message read, “Open this jug and you’ll find water. Don’t drink it.
        Pour it instead on the pump. And you’ll have all the water you want.”

        He popped the cork.

        True enough, the jug was filled

Peso Cost Averaging

By Cheryl Sperling

Last time, we were talking about investing in mutual funds. Some will be asking when is the best time to invest and how often do we invest? Well, there's is no best time to invest than NOW! The sooner we start investing, the better, due to the power of compounding or the rule of 72. We invest even when the market is down, or the market is up, or when there is a political chaos, or when there is political peace and quite. We may hear that we should time the market, but in the following chart below, it will illustrate three (3) scenarios of different market conditions in the stock market.

Peso Cost Averaging. Like saving, we should make investing a regular habit. We should invest regularly, say monthly at a fixed amount! This is what we call as peso cost averaging. By doing so, we minimize or reduce the risk of our investment when the market goes up and down, or simply said whether the prices of stocks are high or when the prices are down. "Save as fast as you can while you can."

                                                         *Courtesy of IMG

In the illustration, an investor, Mr. A, decided or planned to invest 100 pesos every month for 6 months: (Today, or at present, we can start investing in mutual funds starting at

Today's Quote

"Life is not measured by the number of breaths we take, but by the moments that take our breath away."

Take Control of Your Future

By Cheryl Sperling

Almost all of us wants to be sexy or macho, strong and healthy. But, just like being physically fit and healthy, being financially fit is not that easy at all. It needs a lot of sacrifice and discipline plus planning to be able to reach our goal. 'Sacrifice', in the sense that we delay our "wants" today and invest first and grow our money. Bro. Bo said, that, "Its either you have money now or you will have money forever." "Discipline" is needed to be able to set aside a regular amount for your financial goals, may it be short term or for the long term goal which is for your retirement. "Planning", as its only through good planning that you will be able to map out a clear financial future and reach your ultimate goal of financial freedom!

Everyone has different goals, depending on their needs! So there is no "one" solution for everyone. Different challenges, calls for different solutions! And as we go through life, our status and family changes, like from being single to getting married and then to having children, that's why we have to continually revise our plan and do financial check-ups along the way. Here's a guide below:

                                            * Courtesy of IMG

COUNT THE CHICKS, NOT THE EGGS

By Michael  Angelo Duenas

Most of the time, if not all the time, I think of my salary as a never-ending grace that continually presents itself to me as an opportunity to spend and bless others through what it can bring. I always bear in mind, that whatever happens, it is there; that it will continuously be around. But as I live my life payday to payday, saving nothing for myself or for my utmost future, I get nostalgic about the days wherein I could have been more of what I am now and I could have seen better things with what I have because I HAVE SAVED...

BUT, sadly, I failed to consider that unless the money is within my possession, it is never really there. And I tend to be assuming that I can spend more because I believe I can still manage my finances. And now I'm faced with the challenge of putting it all back together and start covering up for what has been over spent.

So the moral of this story is that, we should never include or claim things such as money as ours even before it touches our hands. And never ever spend or live a lifestyle beyond that capacity with which we can afford.

Everything Happens For A Reason

Everything Happens For a Reason

http://www.youtube.com/watch?v=zyQ5ZSMENF0

212 Service

flickspire - 212 Service

http://www.flickspire.com/m/lstruth/212S...

Someone once said, "Life is like a game of tennis. The player who serves well seldom loses." The same can be said for any business on the planet. However, when we talk about creating a service culture, most people will focus on "customer service." But 212° Service defines a service culture a little…

Why Mutual Funds?

By Cheryl Sperling

As a new investor, investing in the mutual fund is the easiest and least stressful way to invest in the market, relying the investing in the capable hands of financial experts.

Among the benefits of mutual funds are:

1. It is so diversified. There is a specific allocation of the kind of investment entered to, in each type of funds. For example in Stock or Equity Fund, there is a mandate that just 10% shall be allocated for each industry, like for the 10% in banks, the Fund will buy blue chip companies like Banco de Oro, BPI , etc.

2. It is managed by a professional money manager who constantly monitors the stocks or bonds in the fund, so you can rest assured that it is on good hands. This is the manager's primary job so he has a lot of time in the research and in the selection of what investments to buy or sell, compared if you or the individual investor does the managing himself.

3. It is so liquid. If you want to redeem your shares, you will have the money in

Types of Mutual Funds

By Cheryl Sperling

In the US, there are 10,000 kinds of mutual funds and here in the Philippines there are only fewer than a 100. But Mutual Funds can be classified into 4 types as follows: Bond Fund, Stock Fund, Money Market Fund, and Balanced Fund. They are so named in accordance to where the Mutual Fund is invested in.

                                                           Courtesy of IMG

How then will we choose which kind of mutual fund we will invest in? The answer is based on your investment risk appetite and/or your

What Is A Mutual Fund?

By Cheryl Sperling

A mutual fund is a type of investment wherein which a "a group of investors" or an investment company pools money from many investors to buy stocks, bonds, or other money market instruments and is managed by a Fund Manager. This is a better option to investing directly, say in the stock market, especially if one has no time to do the research on individual companies and have no technical expertise in stock trading.

                                                                 Courtesy of IMG

From the diagram above, we can see that many investors buy shares on a Mutual Fund of their choice and then the Mutual Fund Company will buy

Desiderata

Here is a poem which can be our guide in our pursuit of a truly Wealthy Life!! Enjoy!     

   Desiderata 

      Go placidly amid the noise and haste
and remember what peace there may be in silence.

As far as possible without surrender, be on good terms with all persons.  

Today's Quote

   "An optimist sees an opportunity in every calamity; a pessimist sees a calamity in every opportunity."  -Winston Churchill

Balanced Diet

By Simon Sperling

What is a Balanced Diet?

It is simply about balancing calories and the type of foods on your plate. This, combined with an active lifestyle is all you will ever need to reduce health risks and maintain or achieve a good body weight.
 

The good news is that you do not have to ban your favorite foods from your dining table. You only need to consume them in the right proportions.

Eat most: fruits and vegetables, nuts, legumes and wholegrain. They should make up the bulk of the food you eat and these will provide good amount of energy, proteins, minerals, vitamins and dietary fiber. These foods pack a punch in terms of nutrients for each calorie they provide.

Opt for whole grain breads, brown rice, whole wheat pasta.

Dark green leafy vegetables for example, are the best source for

If You Never Fail, You'll Never Succeed

flickspire - Failing to Succeed

http://www.flickspire.com/m/LifeSecrets/FailToSucceed

Yes, it is a challenge to succeed; you've got to become a good planner, and a good dreamer. You've got to

Nuggets of Wisdom

"Learning from others allows you to shortcut the road to success. Allow yourself to be mentored by successful people who can walk beside you and tell you where the landmines are." "..... this goes for any area of your life — spiritual, physical, financial, etc."   

                                                                                       - Bro. Bo Sanchez

Building A Solid Financial Foundation

By Cheryl Sperling

Today I will discuss about our personal finances. One should take note that 'personal finance' includes a lot of money topics such as savings, expenses, budgets, insurances, investments, and debts. We should understand that all these topics are not only necessary but that they also affect each other in our goal towards financial security. Thus, here, I will emphasis the importance of building a solid financial foundation so that you and your family will achieve your goal of financial freedom. 

 

*Courtesy of IMG

Let me ask you, shall you invest first or buy an insurance? Well, from the chart above, like building a house, we must build our "financial dream" from

Discipline and Consistency are the Keys

By Cheryl Sperling

"The ability to save money is the cornerstone of building wealth. In order to save money, you need to spend less than you earn. This is often easier said than done, but there are plenty of ways to help you begin saving money on even the tightest budget."

* Courtesy of IMG

Small Changes, Big Money. Each one of us are different and we can save in our own small ways.

 - Soda. Ah, the soft drinks industry is a multi million dollar industry and

The Extra Degree

flickspire - 212 - The Extra Degree

http://www.flickspire.com/m/lstruth/212#...

At 211 degrees water is hot. At 212 degrees, it boils. And with boiling water, comes steam. And steam can power a locomotive. The one extra degree makes the difference. This simple analogy reflects the ultimate definition of excellence.

Wealth With Responsibility

By Cheryl Sperling

The X-Curve concept of Wealth and Responsibility: 

This concept theorizes that a person's responsibilities generally decreases and wealth generally increases over time. Every peso you save will correspondingly go towards decreasing your responsibility. 

While we are young, we are generally less secure as we are still starting up; our salary is low, our kids are still schooling, we are still starting out in life and most probably no house or car, yet. So, at this point in time our responsibility is at its highest as well. At this stage in our life, our concern is what if we die too soon? The solution for such is to have an insurance so that our family will be taken cared of and their needs for education and sustenance will be provided should you, the income earner, unexpectedly die or be disabled.  

* Courtesy of IMG.

On the other hand, as we grow older, ideally, we should have accumulated enough wealth to make our responsibilities go to zero. At this stage,

The Power of Discipline

flickspire - The Power of Discipline

http://www.flickspire.com/m/lstruth/Discipline

What would you say is the number 1 difference between success and failure? This new movie answers that question and presents 7 ideas...each of which could change your life.

Bro. Bo's Wealth Circle Mastermind

By Cheryl Sperling

Am proud to tell you that am a member of Bro. Bo Sanchez' Wealth Circle Mastermind! "The Wealth Circle is for entrepreneurs, professionals, leaders, and investors who already have reached a certain level of success—but now want to move on to a whole new level." Bro Bo, said, " I have a simple criteria for those who can join. I want all the members of the Wealth Circle to have the same abundance-mindset, a growth-oriented attitude, a hunger-for-learning, and a

The Power of Compounding Interest

By Cheryl Sperling

"Albert Einstein called compound interest, the eight wonder of the world and mankind's greatest invention, because it is the mightiest force ever unleashed for the amassing of wealth".

 Compound interest is surely an amazing thing ... and the Rule of 72 is just a simple way to quickly estimate how long it will take for your money or investment to double.Take note, that its just an estimate, as there are other factors to consider like investment performance, the risk involved, the charges associated with individual investments, yearly investment fluctuations, and taxes.

Here's a chart to illustrate: Money left alone in long term investment will compound indefinitely as years pass. You can estimate how much it will be with the aid of the "Rule of 72".

                               *courtesy of IMG.

How To Use the Rule of 72

In order to estimate the number of years for your money to double, just divide 72 by the interest rate. The result is the number of years in which your money will double with