Hey, I received this simple but very profound stocks investing advice from Bro Bo Sanchez, founder of the Truly Rich Club membership site. Please read below.
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After giving a talk on stock market investing, a participant (who probably came in late and didn’t hear my entire talk) came up to me and asked, “Bo, my bank is offering me a personal loan of 0.9 percent monthly interest.
Can I borrow and put it in the stocks? If I can earn at least 20 percent a year—I’ll be on top…”
Questions like this make my toes curl.
I told him, “I care for you. Don’t do that. If I had an enemy I wanted to torture, I’d tell him to trade the stock market on borrowed money.”
Work on Your Business, Not the Stock Market
Here’s the harsh reality.
You can’t invest in the stock market if you don’t have cashflow.
What is cashflow?
Cash that flows to you. (Gosh, I’m so brilliant.)
Every month, you have a steady income stream that pours money into your lap. That income stream could be your job or business.
If you don’t have cashflow, you can’t invest in the stock market. Period.
So what should you do?
Spend 99 percent of your time (creativity, energy, attention) on your business.
Create your cashflow.
Increase your cashflow.
Multiply your cashflow.
And then spend 1 percent of your time on investing that cashflow on the stock market.
Happy investing!
May your dreams come true,
Do you want to be guided on how to invest in the Philippines Stock Market the right way? Join the Truly Rich Club.
For more information about the Truly Rich Club, go to this link TrulyRichClub or hit the "Get Instant Access!" button below.
The TrulyRichClub is an online private membership group founded by Bo Sanchez. It’s called “Truly Rich” because the subscribers are taught not only to be financially free and wealthy, but also how to be blessed in ALL areas of life: whether in the relationships, career, spirituality, health, and of course in financial life.
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