How to Turn Your One Thousand Pesos to One Million Pesos
As I’m writing this, I’m on a two-week vacation. It’s wonderful to be on vacation, free from stress inherent to my job as a banker. I love taking vacations!
My vacation is giving me a lot of time to think, plan, read, write, bond with my family and friends, and to simply relax. 🙂
Something bothered and at the same time, excited me in a good way. If only I knew the power of compounding when I started working some 8 years ago, I would have saved a certain amount every month and invested it in the stock market.
I didn’t know any better then. What I knew was how to buy things I never really needed using the money that I haven’t earned yet. And that was made possible by the famous Credit Card. As many of you know, I shared in my books and blogs that I used to have so much credit card debts. It only took me one year to max out the credit limit of my two cards but it took me three long years to zero out my credit card debts.
Anyway, I made a rough computation. If  you save Php1,000 each month for the next 5 years, you would have more than Php1M 20 years after! Yes! Even if you stopped putting in additional amount after five years!
Let’s look at the computation:
Total Amount Invested: Php60,000
Total Retirement Money if it Grew at 20% a Year: Â approximately Php1.2MÂ
(after 20 years)
This is just a very simple computation. Imagine if you put in more than Php1,000 each month and you kept on investing for a couple of years more. That would double, triple, or even quadruple your money.
You see, there are two important factors here:
One is TIME. The earlier we invest, the more we can take advantage of the power of compounding. Albert Einstein said that the greatest magic in the world is the power of compounding.
Compounding Interest can literally turn your one thousand pesos to one million pesos.
Two is the INVESTMENT VEHICLE. Not all investments are created equal. If you put your money in a time deposit that gives you 1% a year, it will take you forever to reach your one million pesos.
If you invest it in stocks that gives you at least 20% return each year, you will have your one million after 20 years…or even earlier, depending on how much money you invest.
Please note also that there are many scams out there who will entice you with high interests and run away with your money. Be careful.
Choose a person of integrity and competence who could guide you. Someone who is walking his talk and who is already where we want to go. Someone like Bo Sanchez.
Let Bo Sanchez help you build your retirement fund through his Truly Rich Club.
Once you become a member of Truly Rich Club, the moment you sign up, you will receive an avalanche of learning materials worth USD251.50 for FREE! Here’s the thing. If you can afford a cell phone load each month, you can definitely afford to be part of Truly Rich Club.
Click here to learn more about Truly Rich Club. Don’t delay. Time is of the essence.
Now is the best time to invest, not tomorrow, not next year, not 10 years after.
Do something today that your future self will THANK YOU for.
Invest in your financial education and in your retirement.
YES, I Want to Take Charge of My Financial Life Today. Click Here. Â
Proverbs 21:20 says, The wise man saves for the future but the foolish man spends whatever he gets.
Here’s a personal invite from Bo Sanchez:
If you want my personal guidance on investing in Stocks, join my private group called TrulyRichClub.  Each month, I email you a Stocks Update, giving you in plain English (no financial jargon) how to grow your Stocks investments. I tell you what Stocks to buy, when to buy them, and when to sell. Our long-term goal is 20% growth or more every year. To join, log on at www.TrulyRich3.TrulyRichClub.com now.
***Sha Nacino
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Sha Nacino, Inspirational Speaker and Prolific Author
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Sha Nacino, Inspirational Speaker and Prolific Author
Sha Nacino is one of the most sought-after Filipino motivational speakers in the Philippines. She is the bestselling author of the books Money&Me, Mission Happiness, plus 7 other books. Sha is the founder of The 90-Day Book Writing Challenge where she helps first time authors write their books. She also writes for Bo Sanchez's TrulyRichClub newsletters. She regularly gives talks on Personal Finance, Happiness, Purpose, Success Principles, etc. If you wish to invite Sha to speak in your company or events, visit shanacino.com or email her at sha@seminarphilippines.com.
4 Comments
J
Dear Sha, Don’t feel sad, if you regret not learning this 8 years ago, mine is almost 20 years ago. I’m glad that I’m not too late for I still have the 20 years( you have clue what age I’m now, hehe) to invest for my retirement. Both of us are learning and glad that you are unselfish in sharing your knowledge to every reader you have. (mine sharing to skeptic friends and whoever wants to listen) . Just keep doing what you are doing. God Bless!
Sha Nacino
Hi J,
Wow! Nice paradigm. Thank you! May God bless you more! 🙂
Cheers,
Sha
Maribeth Paula H. Medina
An inspiring talk from Bo. Sanchez that even we're small people with 1,000 PHP we can still have a chance to live happily and financial problem free in the future. Thank you very much Mr. Bo. Sanches. God bless.
Maffy Belgira
Good day!
I am interested about the 1,000 investment and willing to put an effort to invest. But I don’t know how or where to start. Can you please teach me the guidelines?
Hoping for your reply.
Thank you so much and God Bless!