Thursday, March 25, 2010

How To Retire With Millions


I got this article (I tweaked it a little bit) from Bro. Bo Sanchez, a bestselling author and one of the best financial speakers in the country.

This is the story.

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 and wondered 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 with water. Lovely, thirst-quenching, water. Now imagine you’re that thirsty man.
For two whole days, you haven’t drunk water. Your mouth is so dry, your tongue is sticking to the roof of your mouth. You’re literally dying of thirst. And you’re now holding a jug full of water. But the message says that you should throw it away!
For a moment, your heart is torn. What if the message was a joke? A cruel prank? What if you poured the water on that rusty pump and nothing happened? But the man in our story chose to take the risk. He closed his eyes, took a deep breath, and poured the water.

He held the handle and pumped like crazy. A few seconds later, torrents of water gushed out. Indeed, he had more water than he could ever need! He drank to his heart's content. He also found water containers to bring with him in his journey and filled them up to the brim. But before leaving the place, he filled the jug with water. And underneath the sign attached to it, he scribbled, “I tried it. Believe me, it works.”

You Have A Choice:

Drink Now Or Drink Forever

This is a great picture of why people are poor.
The money that you hold now, no matter how small, is like that jug of water. And you always have a choice: You can drink now or you can drink forever. You can have money now or have money forever. How? By investing. A lot of people don’t invest.
They spend whatever they have. I’ve met people who earn P10T a month or 50T a month or P500T a month—and they spend everything. (Yes, I’ve met a lot of high-income poor people!) That’s why their money pump remains dry. And they’ll remain poor forever. It really doesn’t matter how much people earn. What matters is how much they invest. Investment is a crazy decision. It’s as crazy as pouring that last jug of water into the pump.

Friend, you have money now.
It may be small but you have it. And you’re standing in front of a money pump. Actually, three money pumps:
• Business: Traditional, Franchise, Networking, etc.
• Property: Rental Property, Buy and Sell, etc.
• Paper: Bonds, Mutual Funds, Stock Market, etc.
But today, I’d like to focus on the “Paper” money pump.
Not everyone can start a business right away.
Not everyone can buy a property right away.
But almost everyone can invest in Paper Assets.
Friend, you have a choice. Will you simply consume your little money? Or will you pour it into the money pump—so that it produces more money for you? I call this sowing in time of famine.

Don’t Wait For Better Times Before You Invest

In the Bible, Isaac sowed in time of famine.
Crazy, right? Shouldn’t you keep whatever seeds you have to eat?
But because he did that, the Bible says, that year he harvested a hundred times as much as he had sown, because the Lord blessed him. He continued to prosper and became a very rich man. Wow. If you want to be rich, you need to sow in time of famine too. When you have very little money, that’s the time to invest.
Here’s a promise: The seeds that you sow in time of famine will give you your greatest harvest too.

Do you want to prosper? Here’s a Bible passage that will tell you how.

Invest When Your Money Is Small

Proverbs 21:20 says, The wise man saves for the future but the foolish man spends whatever he gets.
Are you wise?

If you are a 25-year-old and you start saving around P3500 a month, by the time you are 65-years-old, you will have around P4,000,000. Not bad right? Having an extra P4M in your account by the time you retire invested at 10% per annum interest, will have you earning an extra P33,000/month aside from your social security benefits.

Compare this with a 20-year-old who starts saving the same amount (P3500/month), at the age of 65, he will have around P6.6 million extra which means if he's investing that amount at 10% per annum interest, he'll be earning an extra P55,000/month, aside from his social security.

The earlier you save, the better.

So, invest for your future. Stop delaying. Your decision today can affect the kind of life that you will have when you retire.

If you want to know more about investing for your future, join our FREE financial education classes. To book a spot send your email to: grow_your_money@rocketmail.com



Live a better life! It is your God-given right! To your success,

Josh Royon