EUGENIO ISABELO TOMAS REYES SANCHEZ, JR.SUCCESSFUL ENTREPRENEUR

Bo Sanchez

BIOGRAPHY an author, a publisher, a preacher, a lay evangelist, a

philanthropist, an entrepreneur

an international speaker (spoken to at least 14 countries including 38 cities in the North America). He started giving talks at an adult group at the age of 13.

wrote his first book at the age of 20 and has published around 40 books. He is the publisher and main writer of Kerygma, the number one inspirational magazine in the country. He publishes several more magazines, devotionals and Bible reflection guides: Didache, Gabay, Companion, Sabbath, Fish and Mustard. All of them are top selling periodicals.

BIOGRAPHY has a daily internet TV show called The Preacher in Blue

Jeans, a weekly TV show on ABC 5 every Tuesday at 10:30 AM, and a daily radio show on Radio Veritas from Monday to Saturday at 5:00 AM and Sunday at 8:00 AM.

founded the Light of Jesus Community and oversees several ministries (such as Anawim, Grace to be Born, He Cares, Tahanan ng Pagmamahal, Prison Ministry, Kerygma Family, and many more).

as a micro-entrepreneur, he engages in various business and real estate not only for his family’s needs and his various projects, but also from his firm belief that to raise up more micro-entrepreneurs among his countrymen is one of the most important solutions to his country’s economic problems

BIOGRAPHY an advocate of financial literacy. He frequently teaches and

writes about it and he believes that poverty is a product of people’s low financial I.Q. on subjects such as saving, business, investing, and debt-management.

creator of Truly Rich Club, (online mentoring program to help people get rid of their poverty mindset and gain a wealth mindset). It’s for people who are serious in changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. The club provides members with the right tools, principles, and strategies to grow in their financial and spiritual life.

BIOGRAPHY

awarded as one of The Outstanding Young Men or TOYM in 2006.

received the Serviam Award, the highest award that can be given to a lay practitioner, from the Catholic Mass Media Awards in 2007

above all of these achievements, he believes that his first call is to be a loving husband to his wife Marowe and a devoted father to his sons Benedict and Francis

Bo Sanchez: From P800 A Month To Becoming Truly

Rich(BY IMONEY)

AN INTERVIEW WITH BO SANCHEZ

When Bo Sanchez was a younger man, he hated money. “I really thought that to love the poor, I had to become poor,” he says. So he lived as a poor missionary, just getting by while devoting himself to ministry.

He earned P800 a month, which was enough for basic food and transportation. But he was giving away whatever he had for ministry work. He was working in the slums and tried his best to help the poor whenever he could.

Until one day, he decided to turn his finances around. That was when he decided to get married and realized he had to change his retirement plan. He couldn’t tell his kids to sleep in the sidewalk with him. The other reason why he changed his thinking about money was the number of people who asked him for prayers for money. He couldn’t give any advice to them because he didn’t know how money worked.

It was very difficult to make a shift. He read lots of books, attended seminars, watched videos, listened to audio talks, and talked to financial mentors. He had to unlearn many things and learn many other things, which was a long process. He made many mistakes and lost a lot of money while doing it.

His first business never became profitable. It failed. So did his second, and third, and fourth.

He sold herbal juice, sold memorial plans, sold engine oils, organized major concerts. He also owned a squid ball kiosk, a hotdog stand, and an ice cream stand. He tried networking. He tried direct sales. He tried everything.

But even though he kept failing, he eventually became a success. What kept him motivated were the needs of the ministry which were all around him. He knew he had to become rich if he wanted to help people. So in face of failure, he just had to try again and again and again. He was unstoppable. Sooner or later, He knew he was going to make it.

His first profitable business was doing corporate seminars. Companies would ask him to give seminars on values, which was right up my alley. And he loved doing it because he could reach people who usually didn’t go to his prayer meetings. Today, because he earns from his other businesses, he now donates his speaker’s fees to ministry. Now, his most profitable businesses are his online businesses.

He said he just had to stick to his core gift. It was tempting to venture into exciting things that he saw other people around him doing, but if it wasn’t his core gift, he wouldn’t succeed.

Now, it’s safe to say Bo knows a thing or two about money. With his mantra of “everybody deserves to be rich”, Bo has now helped thousands of Filipinos discover financial freedom, and counting.

Today, he’s got at least 16 income streams flowing into his life, from internet businesses to real estate to micro-entrepreneurship. Not to mention he’s a very influential lay evangelist who brings inspiration to countless Filipinos around the world.

Bo Sanchez’s advice to increase wealth:

“When it comes to investments, I believe the safest and best place to invest is the stock market. I’m not talking about trading. That’s how people lose their money. I’m talking about investing long term in gigantic companies using peso-cost averaging.”

BO SANCHEZ SHARES HIS

FORMULA FOR FINANCIAL SUCCESS

BY: JON CARLOS RODRIGUEZ

FORMULA FOR FINANCIAL SUCCESS

Being able to gain financial wealth is possible regardless of how much or how little you are earning.

following the simple formula “100, 10, 20, 70” can help those wanting to live comfortably and without debt.

“100” pertains to earning 100 percent, which means maximizing opportunities wherein you can earn.

It doesn’t matter what profession you are in, as long as you can “be the best that you can be,” because this may lead to promotions and salary increases.

FORMULA FOR FINANCIAL SUCCESSFrom your income, give 10 percent to charity. -- “It’s the

starting wheels of generosity. Generosity is opening your palm, because when you open your palm then you are ready to receive,”.

The “20” means investing 20 percent of your income, a concept that Sanchez said he learned from the bible. -- “Joseph the Dreamer was a governor of Egypt, he had these dreams and then 20 percent of the whole produce, he kept, and then saved Egypt from famine,”.

Sanchez also shared that he also taught his house helpers and driver to invest in the stock market to help them grow their finances. -- “The best and safest investment is in the stock market. People don’t know that,”.

FORMULA FOR FINANCIAL SUCCESSThe remaining 70 percent should then be spent on a

simple lifestyle. -- “Live on 70 percent of your income. Live simply. Make a decision and say, ‘I will not overspend,’”.

He added that the secret to success is having big dreams and a system to support it. -- “Big dreams attract more resources, attract more power and fire in your belly. The bigger the dream, the better,”

“The proper attitude, the mentors that you need to put in place, and then the small little steps. It’s not the big things that change people's lives, it's the small things that you do consistently everyday that changes you,”.

8 Secrets of the Truly Rich

BOOK

WRITTEN BY BO SANCHEZ

Secret 1: Be Totally Responsible for Your Success Stop the Blame Stop Blaming the Government, Your Family, the

Devil, or God for Your Poverty You’re the Product of Your Thoughts, Choices

and Habits You Can Create a New Pattern of Success

Secret 2: Enlarge Your Psychological Wallet Face Your Feelings Increase Your Money Comfort Zone Unless You See It in Your Mind, It Won’t Become Reality Your Self-Image Will Attract Your Level of Success Enlarge Your Skills to Match the Size of Your

Psychological Wallet

Secret 3: Get Rid of Crazy Religious Beliefs Have You Romanticized Poverty? Do You Believe That the Rich Won’t Enter

Heaven? Have You Relied on God Too Much? Do You Disguise Your Laziness as Faith? Are You Obsessed with the Purely Miraculous? Is Your Favorite Phrase “Bahala Na”?

Secret 4: Be Completely Committed to Your Dreams Be the Scriptwriter of Your Life Write Down Your Dreams Read Your Dreams Every Day Apply the Power of Focus Apply the Power of Attraction

Secret 5: Raise Your Financial I.Q. Financial Ignorance Is Expensive

Look for Financial Mentors

Avoid Bad Debt Like Bad Bacteria

Protect Yourself Adequately

Build Your Retirement Fund Now

Automatically Save 20 Percent of Your Monthly Income

Invest as Early as You Can

Don’t Put Your Retirement Fund in the Bank

Secret 6: Ride Something to Wealth Earn from Your Core Gift Remember That Profits Are Better Than Wages Expand Your Territories Create Passive Income Build Your Dream Team Market, Market and Market Some More

Secret 7: Have a Bias for Action Make Things Happen Fail Your Way to Success Take Bold Massive Action – “Give it all you’ve got” Apply the 10 Sacred Rules of Success (Act, Act Again 9x) Hustle – to believe that there’s a solution to almost any

problem – and to take it upon yourself to find it.

Secret 8: Win in All Areas Follow Your Inner Compass Define Your Own Success Give Your Best Your Harvest Will Depend on Your Giving Sacrifice Your Wealth for Others