How To Make Millions in The Stock Market

One day during my financial education talk, a guy named Gary ask me this.. I hear what you’re saying, that I should invest small amounts for the next 20 years, and I’ll be rich. I believe you. But I’m 56 years old now. I don’t want to wait for 20 years. 

I want to be wealthy in five years. Is that possible?” 

The crowd applauded him. It was their question too. 

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Gary’s question is very important. 

I told him the harsh truth. “I’m sorry Gary, you can’t become wealthy through the stock market in the short term. If you try, you’ll get burned— because you’ll be doing foolish things.” 

I saw his disappointment. But I also saw that the truth liberated him from false expectations. I went on, “Gary, the stock market is here to make you wealthy when you’re in your 70’s. But you know what? People live longer today. My mother is 86 and she still wants to travel. Eighty is the new 60. So you tell me that you’re 56? My gosh, that’s young. Your Stock Market investments is for your retirement. If you want to be wealthy in five years, don’t look at the Stock Market. Look at entrepreneurship.” 

Work on Your Cash Machine, Not on the Stock Market, If You Want to Be Wealthy in 5 to 10 Years 

I’ve got lots of very wealthy friends now. 

All of them invest in the stock market. 

But their wealth didn’t start from the stock market. 

It started from building a Cash Machine. 

My friend Junie is a very wealthy man. Every time we meet, we talk about the stock market. But his wealth came when he started building tiny roads in the province. 

First, they were small projects, “sub-contracted” to him like scrap leftovers from the table of big-time contractors. He and his motley crew were very grateful for these small projects thrown in their direction. 

But after a few years, he’s grown. He’s now a big-time contractor himself. The last time I talked to him, he’s got 300+ construction projects all happening at the same time. 

My friend Ronnie is another wealthy man that loves the stock market. It’s his passion. But did his wealth come from the Stock Market? 

Nope. It all started in college, when he started selling anything he could sell. He pushed around a little kariton filled with dirty charcoal, selling door to door to beer gardens and “grill” restaurants. After college, he started selling all sorts of equipment to electric companies all over the country. He’d drive endlessly, crisscrossing provinces, just to make a sale. Today, he’s got seven companies, selling light bulbs, electric meters, LPG, even yogurt. The Stock Market simply multiplied what he’s earning through his businesses. 

Randy is another friend who likes talking about the stock market. But his wealth started when he built apartments with his father. When he was old enough, he asked his Dad if he could build his own buildings. And his father said yes. The rest is history. After years of backbreaking work, Randy owns 300+ apartments today. 

But there’s one other very important reason that made Junie, Ronnie, and Randy very wealthy, and yes, the stock market has something to do with it… 

The Stock Market Will Multiply Your Profits 

I’ve met other high-earning entrepreneurs who never grow wealthy. 

Yes, they get huge profits from their Cash Machines. 

But they don’t have the discipline of re-investing their earnings. Instead, it goes to a high-lifestyle of luxury cars, ostentatious mansions, and various vices. 

Not my wealthy friends. 

Junie, the guy who builds roads and bridges, for the longest time, lived in the same, small, old house in the province. Ronnie, for all his wealth, owns two simple cars. He could buy 10 luxury cars if he wanted to. And Randy? He told me he and his wife went to a lovely resort. 

But they stayed in the cheapest room. Even if he has the wealth to buy the entire resort. 

Instead of spending it, they reinvest their earnings in the stock market. 

That’s why they’re even richer today. I’ve now described the path you’re to take. 

Now you know what to do. 

This too will be your future. 

Work on your Cash Machine!

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How to Make Money From Your Hobby

“Never give up. Today is hard, tomorrow will be worse, but the day after tomorrow will be sunshine.”

This quote from Jack Ma, founder of Alibaba.com, can probably serve as inspiration for every entrepreneur out there, especially those who are just starting out, or want to start but don’t have the guts to do so. 

The truth is, whether you’re just a newbie or a more “seasoned” entrepreneur, any business has its own set of challenges.

Just ask Tina de Guzman, a lawyer, international development specialist, and the mompreneur behind “Fluffy Pwets” 

Photo credit: https://pixabay.com

Fluffy Pwets is the Philippines’s first and original brand of hybrid fitted cloth diapers in the Philippines, and all their products are individually handcrafted by Filipino women using both imported and local materials. 

Having expanded since its first appearance in the market, Fluffy Pwets now also offers coordinating clothing, accessories, and cloth diapering essentials.

Here, my friend Tina shares a bit of her story with us. 

May it inspire us to pursue our business dreams and goals! 

The “Birth” of Fluffy Pwets 

“My husband and I are cloth diapering parents. We would buy diapers locally and from abroad, and the choices in the Philippines were limited,” De Guzman recalls.

“I did a lot of research, tested many different diaper types, and one day, we just decided to try making our own cloth diapers.”

At the time, De Guzman was working fulltime, and she is actually still employed to this day. 

“It was very difficult to start a business while holding down a job, because you can only do so much within your supposed waking hours,” she shares.

“When Fluffy Pwets started getting hundreds of orders and we didn’t have enough staff yet, I ended up finishing Fluffy Pwets-related work at 5:00 a.m., leaving just enough time for me to hit the shower and get ready for my day job. 

It was crazy. “Now, it’s more manageable.

I am at risk of getting carpal tunnel syndrome though, because I handle our accounts mostly via phone and laptop, but I can’t say I’ve been forced to pull all-nighters like when we were starting out.” 

The Blessings Behind Having a Business That You Love 

Despite all the challenges though, Tina says starting and running the Fluffy Pwets business is “very much worthwhile, especially if you believe in your product and there is good reception from your target market.”

“Anything worthwhile won’t come without challenges,” she emphasizes. “It’s overcoming those challenges that make your undertaking victorious.” Tina shares that Fluffy Pwets has actually become a blessing of sorts to her. “

Aside from the business side of it, I appreciate how my network has expanded because of Fluffy Pwets,” she divulges.

“I’ve met a lot of people and made new friends who I wouldn’t have met through my day job.

Also, it is so humbling and fulfilling to see photos of #FPbabies!

Most parents send us photos of their babies wearing Fluffy Pwets diapers, clothing, blankets, and bags on their birthdays, photo shoots, and other special occasions. 

We appreciate that we’ve become a part of their lives.” 

Simple But Meaningful Tips for Starting Your Own Business 

Whether you’re employed now and hope to start a business based on something you love – like cloth diapering, as in Tina’s case – or already have a business of your own, you will probably find the following tips from Tina helpful: 

1. Do your research.

2. Be original. Be the first and constantly innovate.

3. Prioritize customer service and excellent product quality.

4. Don’t skimp on investing on experts – be it expert craftsmen, illustrators, or marketing professionals

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12 Ways to Save on Household Expenses

Every person who is “truly rich” – or strives to be so – most likely knows the importance of saving money.

After all, money doesn’t grow on trees, as they say, and every hard-earned centavo saved goes a long way, especially when invested in the right instruments. 

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Bearing this in mind, we share with you 12 practical ways to save on your household expenses: 

1. Unplug all your electrical appliances when you’re not using them. This helps you save on your electricity bill. 

2. Always switch off the lights when you’re not using them. This simple energy-saving act is not only good for the environment; it’s good for your wallet too. 

3. When cooking, cut food into small pieces so that it will cook faster. The premise here is energy saved = money saved on gas (or electricity, if you’re using an electric stove). 

4. Limit your water usage as much as possible. E.g. Turn off the faucet when you brush your teeth; instead of showering, use a tabo (dipper) and pail when bathing. 

5. Assess whether you really need to have cable TV; many families can survive without it. The money you will save on monthly cable subscriptions can be a good addition to your emergency fund and/or investments. 

6. When shopping for groceries, always keep an eye out for good deals and offers on the items you usually buy.

7. Have regular “screen-free times” with your family. Switch off the TV and other electronic gadgets and read, play and have fun together. This saves energy and money, plus gives you the chance to deepen your relationships with one another. 

8. Learn to do things yourself. Brush up on your DIY (do-it-yourself) skills and do minor home repairs and maintenance jobs on your own. 

9. Drink more water and stop buying “colored” drinks like iced tea and juice, which are not that healthy for you anyway. (Although it is ok to indulge every so often, of course!) 

10. When buying something for your household, always ask yourself this question: “Need or want?” Sometimes what we perceive as “essentials” aren’t really that important, or have cheaper alternatives. 

11. When it comes to household cleaners, try making your own – vinegar and baking soda are just two of the ingredients you’ll need for a clean home. (Try searching the Internet for more ideas for DIY cleaners.) 

12. If you need to invest in appliances, furniture or other equipment for your home, try looking for pre-loved items first. You can start by browsing through online sites like OLX.ph. 

The aforementioned are certainly not the only ways you can save on your household expenses – there are so many other things you can do if you set your mind to it (and do the necessary research). 

Whether you incorporate all or a few of these money-saving tips, remember what matters most: your commitment to having a “millionaire mindset” – and yes, it includes knowing how to save every peso you can!

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How To Save Money During Summer

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1. Lower Your Electric Bill
Our electric bill is only P4,000 to P5,000 a month.

Yes, I know that electric bill doesn’t fit a multi-millionaire like myself (ahem). But perhaps that’s why I’m a multi-millionaire.

My friend has less money than me (I know because I’m his financial consultant) but his electric bill is P18,000 a month.

The difference between P18,000 and P5,000 is P13,000.

If he lowers his electric consumption to my level, that’s P13,000 that he can invest in the stock market or business each month. In 30 years, at 12 percent interest growth per year, that P13,000 a month will become P45 million.

Here are a few things we do to bring our electric bill down…

• We sleep in one air-conditioned bedroom
• We turn the air-con in the sala only for guests
• We changed our lightbulbs to CFL
• We changed our really old appliances
• We don’t use certain appliances

2 Lower Your Phone Bill

I spend P5000+ a month on my cellphone bill.

I know that’s a lot, but I run 12 businesses and nine ministries—all via long distance. Reason: I’m rarely in the office.

And guess what. This year, I’ll be downgrading my “plan” to P3000. Because I noticed that I don’t consume the available minutes provided by my P5000 plan.

My friend takes the gold medal in saving on his phone bill. Recently, he brought down his cellphone bill from P5000 to P1600 a month.

How? He carries three phones. One for Smart. One for Sun. And one for a Globe “landline” phone. (Funny how we still call it landline when it’s a cellphone!) The Globe landline can call for free any landline. The Globe landline can also call any Globe cellphone for free too. He uses his Smart phone to call Smart numbers, his Sun phone to call Sun numbers. All free.

Unfortunately, I don’t want to carry three phones in my pocket. So I won’t follow him.

But I mentioned his strategy to give you an idea of the various things you can do to lower your cellphone bill.

Check out my friend’s savings: From P5000 to P1600, he saves P3400 a month. If he invests that amount each month in the stock market or business and earn at least 12 percent interest growth, in 20 years, he’ll have P3.4 million.

Not bad, right? (Will you carry three phones for P3.4 million?)

Here’s another tip: When calling abroad, use Google Talk, Yahoo Messenger, or Skype. You’ll save thousands each year.

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