Live on 70 Percent of Your Income
I can hear you now.
"Bo, that's impossible. How can I live on 70 percent of my income? I live on 110 percent of my income!”
I want you to look at the list below.
If you cut back on buying some not-so-essential items, and invest it in an investment vehicle that grows at 12 percent a year (or more), you'll be earning millions. (NOTE: If you followed the guidance of the TrulyRichClub
in the past 4 years, your investment would have grown at an astounding 17.3%
You think it's just a few pesos today—so why not spend it?
But when you do, you're also throwing away your earnings.
If you quit smoking, you would earn P6M.
If you cut back on coffee, you could save yourself P10M.
If you give up lotto, you'd have another P6M.
Take a look…
35 yrs @ 12%
2 cans per day
1 cups per day
Internet on-line games, video games, CD rent
1 per week
Ice cream, dessert, junk foods, candy, etc.
1 per day
1 pack per day
Extra cellphone load
1 per month
2 tickets per day
10 per month
Buying "sale” items
1 per month
Total: P74 Million
Fact: You're Throwing Away Millions!
Obviously, you have to watch your big-ticket purchases.
That's where a lot of people lose money.
Example: I've been driving my car for the past four years now. (And it was even given to me!) A lot of people are telling me, "Bo, it's time to buy a new one. You can afford it anyway.”
Yes, I can afford it.
But my car is still in a great condition.
Sure, it isn't as smooth as when it was new. And its interiors are showing its age. Its mileage is pretty huge because I go all over the country.
But I don't have plans to change it yet. Not now. I'm having so much fun investing my money and seeing it grow.
May your dreams come true,