How A College Dropout Became A Mega-Millionaire
“I don’t come from a rich family,” Edward said.
I blinked hard. “For a moment there, I thought you were related to the Taipans. Sorry to say this, but you look rich.”
“Not at all,” he said, “My parents are very simple people. My mother was a school teacher and my father was an ordinary door-to-door salesman. That’s why I believe that anyone can succeed in life.”
That day, I was having lunch with the Chairman of the Board of a few mega-companies. (I never knew that this was going to be the first of many, many lunches with Mr. Edward Lee. He has now become one of my best business and life mentors.)
“I was a bad student too,” Edward said.
“No Harvard under your belt?” I asked.
“Bo, I was a failing student all my life! People called me dumb. In fact, I never finished college.”
No college degree?
At that moment, a nice waiter came to our table.
Suddenly, it occurred to me that the young chap serving my dish probably had a college degree! (We were eating in a really expensive restaurant.)
And here I was, seated in front of a man who had no college degree, yet was now a billionaire.
Why? What happened?
I couldn’t wait to find out…
————————————————————————————
Are you looking for Spiritual Nourishment From God’s Word? Join me at The FEAST every Sunday at the Valle Verde Country Club (Beside ULTRA) in Pasig. Before or after Mass, I preach God’s Word to you. Choose between 3 sessions: 7:30-9:30am; 10am-12noon; and 12:30 to 2:30pm. Attendance is FREE. (For more information, call 725-9999 or email support@kerygmafamily.com) See you this Sunday!
–Bo Sanchez
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One of the Secret Ingredients of Success
“Do you know how bad a student I was, Bo?”
“Really bad?” I asked.
“In Grade School, I was an overweight kid who always slept at the back of the class,” he said. “Because my mother was a teacher in that same school, she would silently enter the room and wake me up. Being stout, I’d sweat a lot. She’d pull me out of the classroom, wipe my back, and change my shirt. She’d then tell me to return to class. And yes, I’d go back, sit on my chair, and sleep again.”
We both laughed. “You loved sleeping.”
“I was so lazy. And I just didn’t like school. That’s why I failed most of my subjects. All the way to High School. The only reason why I never repeated a year was because of my mother. As I told you, she was a teacher in the school.”
“Must have been very difficult for your parents.”
“I gave them hell. I caused them so much heartache. They’d cry and cry and cry in front of me, saying, ‘Edward, we know you’re not dumb!’”
“They never condemned you,” I said.
“Never. Not once did they say, ‘You’re stupid,’ or ‘You’re hopeless.’ Instead, all I saw were their tears and their unconditional love for me.”
“Wow.”
Edward continued. “So if you ask me today, ‘What was the most important ingredient for your success?’ I would have to answer, “I am who I am today because of the unconditional love of my parents.”
“Beautiful. And did you at least try to go to college?”
“Yes. My parents insisted. But I failed there too. I cut classes and played bowling instead. By age 20, I dropped out.”
“And then what happened?”
“That was when I started investing in the stock market.”
“Huh?”
————————————————————————————
Just in case you haven’t joined, log on at www.KerygmaFamily.com It’s totally FREE. You get a mountain load of spiritual blessings to nourish your soul.)
————————————————————————————
God Moves His Hand
“One day, while playing bowling, I met another bowler. I was shocked to learn that he was one of my college professors! As the days went by, we became fast friends. And he was the one who taught me how to invest in the stock market.”
“So that’s what happened. You were 18?”
“Yes. On that day, I believe that God intervened in my life.”
“Wow.”
“By the way, after 36 years, that professor is still my friend today. He now sits in the Board of Directors in one of my companies.”
“Fantastic. And you never left the Stock Market ever since?”
“Been there for 36 years. That’s how I created my wealth, Bo.”
“Edward, here’s my big question for you. Can anyone create his wealth in the Stock Market?”
“If you can save P5000 a month, yes you can.”
“P5000 a month?”
“That’s right.”
I frowned, “But Edward, isn’t the Stock Market dangerous?” (At that point, I have not yet gotten into the Stock Market.) “So many people say that they lost a lot of money in the Stock Market. I know some who curse the day they got into it.”
Are You An Investor or Trader?
Edward chuckled. “Bo, there are two kinds of people who get into the Stock Market. There’s what you call Investors and there’s what you call Traders. Investors hold their stock positions longer with the view the company’s growth will eventually carry the price. Traders take a short-term view trying to make the most out of market swings. Trading therefore is much more difficult and more prone to risk…”
“We shouldn’t trade then?” I asked.
“Don’t get me wrong,” he said. “If you know how to trade, you’ll earn much more. And yes, I can teach you to be a good Trader. But it requires time and experience to be a good one. But because you don’t have time…”
“Hmm, you know my schedule!” I laughed.
“Because you’re always busy preaching and doing your ministry, I’d rather that you be an Investor. It’s a no-brainer. I believe anyone can be an Investor in the Stock Market. And you’ll earn millions over time.”
“So when you’re an Investor, you don’t sell?”
“You do sell, but only after ten or twenty years.”
“And my P5000 a month will grow substantially and possibly make me a millionaire someday?
“Over time,” he smiled.
I was dumbfounded. “You seem so sure, Edward. Doesn’t the Stock Market go into dips, crashes, and recessions? Won’t I lose my money when these happens?”
“It is possible for your investment to lose some value temporarily, but if you hold and ride the lows out, and keep on investing your P5000 every month while it’s low, soon, the market will go up again. Most stock markets, if not all, climb higher over time. It’s all a cycle.”
“How could I buy when everything is crashing?”
“That, in fact, is the best time to buy as you attempt to pick up good companies at fire sale prices.”
“Last question, Edward. How will I know what is a good company to buy? What if I buy a lemon that will go bankrupt next week?”
“You only buy shares of great companies that will keep growing for the next 10 years or more.”
“How will I know if a company will do that?”
“I can tell you their names now,” he winked. “We’ve got an army of analysts who don’t do anything else but study all the companies in the Philippine Stock Exchange.”
“Hey, that’s great. Okay, last, last question. When can I start?”
“Today if you want. Everything is online now.”
————————————————————————————
Get Mentors for your Financial Life. If you want to meet Edward Lee face-to-face, he’s one of my great Financial Mentors you’ll meet at my TrulyRich Financial Coaching Program on January 23 to 24. Get serious about growing your wealth! To join the TrulyRich Financial Coaching Program, click here.
————————————————————————————
Making Millions At P5000 A Month
That conversation happened two years ago.
That was when I began to invest in the Stock Market.
And for two years now, Edward has mentored me in business and life.
And obviously, he has guided me in my Stock investments.
Today, I’m actually thrilled when the Stock Market is down (like now!). That means I can get richer. Because the little money I invest each month can buy more shares—which will multiply faster when the Stock Market cycles up again.
By the way, if you want to start investing in the Stock Market and don’t know how, Edward’s company, CitisecOnline, has a fantastic program called Easy Investment Program, exactly the way I described above. If you want to know more about this excellent program, log on now at www.citiseconline.com/eip
May your dreams come true,
Bo Sanchez
PS. Get Mentors for your Financial Life. If you want to meet Edward Lee face-to-face, he’s one of my great Financial Mentors you’ll meet at my TrulyRich Financial Coaching Program on January 23 to 24. Aside from him, you’ll also meet one of
the most brilliant Stock Market teachers, Juanis Barredo. You’ll also
hear from my Real Estate Mentor, Larry Gamboa. You’ll also meet Joen
delas Penas and Noel Arandilla, my Investment Mentors, and Ronnie
Siasoyco, my Business Mentor. Get serious about growing your wealth! To join the TrulyRich Financial Coaching Program, click here.
PS. Join my TrulyRich Club! The first two months of membership is FREE! This unique program will open your life to abundance and change your limiting beliefs that prevent you from achieving personal success. To test-drive this powerful program for FREE, log on at www.TrulyRichClub.com now!
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Filed under: Wealth/Money, Blogs by bosanchez
wow!!! what a great blog BO.. thanks for sharing this fantastic story!! Im so thrilled =)
Hi Bo, I definitely agree on that, not a degree can make us the richest man but the courage to pursue what we believes in will the best armor and GOD
[…] How A College Dropout Became A Mega-Millionaire “I don’t come from a rich family,” Edward said. […]
The citiseconline website appears to be broken. I myself should have been interested.
Hi Bo, I just want to let you know that you are on my list of most admired bloggers. Keep it up!
http://www.millionaireacts.com/289/most-admired-bloggers.html
Hi Bo,
Another very good one! I hope I will be given the chance to meet all your mentors and learn from them personally.
Edward and I have a lot of similarities, except that he is a billionaire and I’m not..
As scheduled, I will be sending my draft for the book that I was mentioning on the end of this month.
I ask that you share with me your prayers for wisdom while completing this project.
More power and God bless!
Thanks for sharing!!!!
You know what Bro. Bo? I love it when you teach us about earning money. You don’t make us feel guilty about getting rich. That’s a wonderful feeling.
I’ve got one problem though. My mom thinks I wont get rich because she says I’m too generous…… I would really appreciate some advice.
Thank you!!!!!!
Brother Bo!!
Thank you very much!
Sincerely,
JLG
Brother BO!
That was so amazing story, i was so inspired when i’m reading it, God really works for those who have faith in Him, I have so many trials in life too but still waiting for his time for me to blessed. I dream to get rich thats why i finished mytwo degree but still here i am a hard working employee eager to get promoted but still. I would really appreciate some advice.
Thank you so much Bro. Bo
God Bless you in many ways…
Pax
Brother BO!
That was so amazing story, i was so inspired when i’m reading it, God really works for those who have faith in Him, I have so many trials in life too but still waiting for his time for me to blessed. I dream to get rich thats why i finished mytwo degree but still here i am a hard working employee eager to get promoted but still.
God Bless you in many ways…
Lito
Hi, Bo. Very interesting BLOG. Thanks!
Hi Bro. BO
Just like Mr. Edward Lee I didn’t finish my college but I am not ashame of it because right now I am working in a multinational company as executive secretary. How did I get the job? I think it was God’s gift to me for all my hardwork and BIG faith. And until this day Im still dreaming to hold my own diploma, I lift up everything to Him..in His hands nothing is impossible.
Bro. BO Thanks for inspiring us always.
Rose
God works in mysterious ways!
Thanks
Thank you Bro. Bo for sharing this to us.
Thanks
God will make a way for all us. There’s nothing impossible with God. That’s what happened to Edward Lee
Thanks Bo for sharing this. God Bless!
i couldn’t agree more!
worth reading and sharing! truly inspiring!
i always believe that the greatest acheivement of a person is when he/she is able to share wisdom to others. that’s what you are, with God’s grace! God bless!
HI Bro BO,
thnaks for this very inspiring article. Actually Mr Edward Lee is our company’s BIg Boss and true to what you have written, he’s a man wiht a heart for people. i am so blessed to be part of their company.
MOre power to you and keep it up!
More blessings to us all!!!
Is this investing on line with citisecondline not a hoax?
This is indorsed by Bo which makes it
believable but, somebody, especially Bo, tell me please,
is this really authentic?
Hello there Brother Bo!
I was just wondering, are there still slots (for two) available for the Truly Rich Coaching Program? Please let me know. Thanks!
By the way, I live in Cebu, I hope you guys can also come here.
God bless!
Hello Bro. Bo,
I was astonished with this story, I’ve been working here in Japan for 7 yrs and turning 8 this year but sad to say I am still paying my condo in the Phils. but I thanked God because I had my investments aside from that but being a single mom to a 19 yr. old son is very hard for me because I wanted to be with my son immediately and retire from my work and settle in the Phils. for good but the major problem for me is I don’t want to loose what I have invested before since I’m going to start from the scratched. With this inspiring word from Mr. Edward Lee and you brother Bo, it will give me the courage to try. Yes I am willing and interested in Sotck Market. Thank you very much and God Bless You!
Hey Bro Bo,
WOW! Can’t wait to join in something like that….
With God’s grace sure we can all join… hmmm..
God bless everyone!
[…] A College Dropout Became A Mega-Millionaire How A College Dropout Became A Mega-Millionaire (by Bo […]
yap, i guess business is calling me..it’s edward you know,hehehe(twilight mania) and here is another edward speaking and this time about money,just in time so i can start my plan…
dear Bro. Bo,
thanks for sharing this very inspiring article…..you are really a blessing….. keep it up!
GOD BLESS!
sincerely,
bernie
hi bo,
thanks for sharing. i was in foreign exchange business before but it didn’t come out the way i want it. am hoping this time will be right, God willing.
thanks again
rudy f.
Hi Sir BO,
Thanks for sharing this..I will share this also to my bro..you know my bro always start business but unfortunately, he always fails..hope this time, by sharing this article..he can starts anew and can make it now, siyempre thru God’s help and willing din.
Thanks a lot Bro. Bo.
God Bless always.
hi
kuya bo!
thank you for sharing again another wonderful story!
God bless us…
No doubt, Bo Sanchez is indeed one of the gifted humans that has lived in this lifetime.
But I am just wondering why his works lately, I mean at least the ones i am receiving, are mostly about getting rich. Everybody definitely needs money and it is something that is essential as we are still living in this world and he is right to deal with the topic to keep us in check with life’s everyday realities. But i was kind of expecting Bo to be an advocate of “getting always reminded that there is so much to be happy about in this life and that although money can give us joy, real happiness comes from contentment and appreciation of God’s non-material blessings”. In this time of materialism, i was hoping he’d be a constant reminder to us to see the world in a different prespective so we may have a more lasting and deaper happines.
just a thought…
dear Bo:
am greatful i have sign up here and yes receiving these inspirational messages give me much more than i need. really , you inspired me. i wish to attend
this program on Jan 23 but sad to say am residing here in the province. maybe God will make a way someday so that i could personally attend to any of your “talks”. but yes, a sincere thanks for these free messages . keep up all these good deeds you are doing. All angels in heaven watch over you.
always,
raquel
dear Bo.Thanks fo sharing this. im very interested to attend the said seminar, but since i live here in mindanao. i cannot come. hope you can schedule some seminars here in nothern mindanao, More power
jonah
Hi Bro Bo, thats a very fantastic story you shared to us, I agree that there’s no diploma that can guarantee us to be rich, it’s hard work and others got it thru luck and strong faith in God. I’ve been working for more than 30 years in the government but still always on the low considering that my siblings keep on asking financial assistance from me and I am so generous to share it with others who are also in need on the guise of borrowing or lending without paying, what a pity!!! I am so interested on this stock market venture that when I retire i plan to put up some share, so I hope that if ever I can save something for my nest egg this very informative venture will be of great… kudos!!!!
Bro.Bo,
I am just a new member of your kerygma family. Tho` I`ve known it for a long time, I decided to sign in bec. I really need a community like this. I`m now working here in Guam,just a contract worker,H2-B status,and am having a hard time of my life being far from my loved ones and being alone,as what i feel now.I have real friends from P.I. and I find it difficult to establish real friendship bec. it will take time to find one, isn`t it?So with your article and your correspondence, I felt relieved bec. I can read on nourishing words from God through your e mails. Thanks a lot. You`re God sent .God bless you and your works….Marife
I’m a huge fan of yours, bro. Bo. Thank you for always being a blessing.
Bro.Bo,
thanks for enriching us with positive thoughts about making oneself rich…. your sharings would truly help us become better individuals especially in dealing with our finances…God bless!
bro. bo, could i also interview mr.lee?
pls?:)
I believe in that article Bro Bo. Four yrs ago I started my research about business and investments. That is the time when I learn the so-called FINANCIAL EDUCATION a kind of education that ive never learn from school. I started collecting books and thats how I came across to one of your best sellers, 8 SECRETS OF THE TRULY RICH. Yes 4yrs ago I embark myself to a journey to become an entrepreneur, I started my own Private Lending. Now I have 10partners and still growing! Im happy I was able to help other people to earn!
Private Lending itself is just like the Trader of Stocks in the story. Its a risky business, but 4yrs of continous learning of the pros and cons(and still learning), I was able to manage it already. I am now earning more than my monthly salary!
Bro Bo I attended your Truly Rich Seminar last Saturday Jan 10… 4 thumbs up! I will invite my partners to attend your next Truly Rich Seminar on March 7. And the Financial Coaching Program is next on my list. Its the twist of spirituality ( I believe thats all people needs today not just working and earning money) that make your books so motivating and very inspiring. You are really a Blessing from God! Thanks Bro Bo!!! PS. I am also a college undergrad who never finish in school…
thank you so much BO, “diskarte sa buhay “makes me inspired….
pray for my vocation please,,,i need you prayers
Great article. reminds me of Robert Shemin - a person everyne thought was an idiot at school but is now a mega millionaire; although he used both stocks and real estate investing.
More power to you!
26.January.2009
Kabayan Bo,
Na miss ko ang Financial Couching Program mo. Sayang. Hindi ko matiyempuhan dahil nagbabarko kasi ako. Magandang inspirasyon yan naisulat mo at makakatulong ito sa mga kababayan natin. Parang tulad ng isang taxi driver na yumaman din. Maganda rin ang mensahe. Katulad din nito. At sa pamamagitan mo at ng web site mo, ay makatulong sa mga pinoy.
Yong Truly Rich Seminar o.k. din. Kasama ko si Mrs. ng makinig ako. Ginamit nya kaagad ang natutunan sa iyo.
Tuloy tuloy lang kabayan kaya natin to!!!!
Danny
elow poh..
kakainspire nmn ng article nio..
tenkyu.tenkyu.
more blessings to come!
God bless
bro bo,i’m very much interested to become an investor in stock exchange.. pls help..where do i start?
Sir Bo, It was so nice of you to publish articles that all become source of inspiration for all especially young adolescents like me. I really plan to invest my money in a reliable and lasting business. This article is one huge help.
I am looking forward to read and receive more of your inspirational and spiritual-uplifting works. Godbless!
Hi! My name is Michael, I have experieced a lot of hardships all through out my my life…however all of those strugles that I have been through made me stronger. In fact, Saint Paul said: “i am strongest when I am weak.” I became stronger because I cling to the ultimate source of power…it is God, who is my strenght…
Strenght comes only from within, the reason is that we cannot alter circumstances however we can change our reactions toward them. If we will master our selves circustances will conform to what we want and how we want things to happen.
As Earl Nightingale said:”we become what we think about.”
hi po bro bo,.you know bro bo, nahihirapan po talaga ako kung saan ako mag umpisa about invest. marami na po akong napanood na programa mo sa web, nagbabasa din po ako ng mga books mo (pero hindi pa po lahat) wala po talaga akong nakita o nabasa tungkol sa mga full-tme mother kung pano mag invest. kaya sumulat na po ako sa inyo sana meron kayong maipapayo sa akin. by the way thank very much sa iyo, ang laki ng pinagbago namin….
[…] How A College Dropout Became A Mega-Millionaire […]
Dear Kuya Bo,
How truly God moves our lives in HIS ulimate mysterious ways…
Now i know where to seek guidance for financial freedom & spiritual enlightenment…
Thank you very much for this wonderful & inspiring articles.
Now im excited to make all those stuff …
Thank you,
hello bro. bo,i live in geneva,switzerland and i`am a member of CFC-geneva. i was there when u preached at john23rd catholic church.i bought one of ur book, 8 Secrets of the Trully Rich. i read it 5x alreâdy and i was really inspired on it..pls help me how can i invest to Stock Market. thank u very much and more power.. Godbless
Dear Bro. Bo,
I always get inspired everytime I read and reread your articles. Now, I feel that I really want to become an entrepreneur and invest in stock market.
Will anyone give me some ideas regarding stock market? Kuya Bo? Pls . . .
thanks much!
Bro. bo,
thank u so much for all the advices here…it really helped me a lot…
I really wanted to invest in stock market…5k a month..i think i can do it…
thanks!!!Godspeed
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