Shrinking piggy banks

Shrinking piggy banks

I confess.

I was guilty of putting all of my savings in the bank.

This was how I was trained as a child, save then put your savings in the bank. It would earn interest and grow.

Yes, my money “grew” in the bank. But when I crossed paths and got introduced to INFLATION, the story was never the same again.

I felt depressed, worried and stupid as I got to know more about INFLATION.

INFLATION is defined as a general increase in prices and fall in the purchasing value of money.

I realized that in reality, I was “losing” money in the bank!

In the illustration above, I would have P 1,002.50 by the end of the year, an increase in my savings, but when INFLATION was factored in, my money would only buy me something that costs P 958.50. 😦

As the reality of INFLATION sunk in, I began to look for instruments with higher interest rates. Higher than the INFLATION rate.

I bought a life insurance plan and two mutual funds.

They did well and are still doing well. But, I did not stop there.

While watching television a few years ago, the news trumpeted about the Philippine bull market.

I am not an expert in the stock market. I studied it in passing while in college. But I instinctively knew then that many are profiting at the time because of the bull.

Do you agree with what has been said that we are where we are supposed to be?

As it happened, while browsing in a bookstore, I came across Bo Sanchez’ revolutionary book, “My Maid Invests In The Stock Market…And Why You Should, Too! Get your FREE copy here.

And the rest, as they say, was history.

I learned the system of investing in the stock market that Bo’s maids applied. I also got Bo Sanchez as my mentor by subscribing to the Truly Rich Club.

It was the best decision that I have made with regards to growing my money. You can look at the illustration below and judge for yourself. 🙂

The image above is proof that the estimated return of the stocks recommended by Bo Sanchez that members of the Truly Rich Club buy beat INFLATION!

I could never ask for more. I sleep at night confident that I will have enough for my old age.

I don’t put all my savings in the bank anymore ever since I became a member of the Truly Rich Club.

I now only use the bank as a place where to keep my emergency fund.

How about you? When are you going to invest your hard earned money? Until when are you going to let INFLATION eat the value of your money?

Learn how to invest in the stock market the right way and win by subscribing to the Truly Rich Club now.