I’ve long been a fan of Bo Sanchez, dating back to when I was a high school student. I read Kerygma on a regular basis. And one of my long-standing dreams back then was become one of the magazine’s contributors.
Today, I content myself with reading what Bo has to say, both on the spiritual and financial side. If there are two words to describe how it feels to read Bo’s writing, those would be enlightening and uplifting.
Yesterday, I had the pleasure of reading another Bo Sanchez bestseller, The Turtle Always Wins, where he talks about his simplistic but proven principles in the world of stock market investing.
Image courtesy of Ohmmy3d / FreeDigitalPhotos.net
Before we go any further, I would like to point out that Bo strongly emphasizes that stock market investing is NOT synonymous to share trading. Stock market investing is long term in nature and not based on speculation, which, by and large, means buying and selling shares within the same trading day.
In this book, Bo summarizes investing in the stock market in a way anyone can understand. Two important lessons to take away from the book:
- When investing in the stock market, fast and furious doesn’t cut the deal.
- Slow and steady is the way to millions.
Here are some of my favorite lines from the book:
- She saved to pay for the schooling of the kids. She even saved for the wedding of the kids. But she failed to save for the biggest expense of all: retirement.
- People today are living longer. If you live until 90, will you have enough money for your needs?
- No one plans to fail. We just fail to make a plan.
- And Filipinos love the fact that they can borrow. Note: It’s OK to borrow for business; it’s not OK to borrow for your living expenses.
- I’ll be very worried if a cat produces a dog. If that happens, the end of the world is near.
- Learn to multiply the little money that you have and you will prosper.
- I’m excited for that day. I have a rather selfish reason, so I can be one of the very few people on this planet who can brag, “My maids are millionaires.”
- If my maids can do it, and if my driver can do it, and if my employees can do it, I believe anyone can do it.
- But the turtle didn’t mind them. He just plodded along.
- Patiently, everyone waited for the squirrel. But he never came.
- At the end of the day, most traders are really gamblers. Sadly, they’re using the stock market as their online casino.
- Growing your money isn’t a sprint but a marathon.
- Because it just takes a few bad trades for a squirrel gambler to lose it all.
- Be at peace that you’re a turtle.
As an added bonus to this post, the trivia lover in me is pitching in five amazing facts about the turtle, one of which you probably already know. And that’s owing to the fact that Filipinos love to liken slowpokes (literally and figuratively) to turtles:
- Certain turtle specimens can live up to well over a century.
- The turtle as an animal totem symbolizes “sure and steady.” (Source: whats-your-sign.com)
- There’s a continent turtles won’t live on: Antarctica.
- Turtle gender is determined by the noise it makes. The males grunt and the females hiss. (Source: thefactsite.com)
- Some female turtles produce eggs for up to four years after mating.
If you found this post helpful, somebody else might, too. So go ahead and feel free to share.
How I wish I got the patience like you on reading a book. I wouldve had a collection now if so and like you a fanatic of a writer. In my entire life, I have only finished one book and it is called For The Love of My Son by Margaret Davis.
No one plans to fail. We just fail to make a plan.
Thats my favourite and it is indeed TRUE! xxx
I guess it’s all a matter of finding the time for it, Novie. For the Love of My Son sounds like a good book.
Yes, I love that line, too. Thanks for dropping by today!
Slow and steady wins the (financial) race!
Bingo! Thanks for visiting, Jason!
interesting, i enjoy mostly reading fiction, because it is like an escape to an adventurous land.
I read fiction every now and then, too. But reading personal finance books helps a lot, especially in changing the way we think about money. Thanks for coming by, Fifileigh!
Bo Sanchez is a familiar name. I don’t know where I saw or heard that before. But he’s right, one shouldn’t just save up for the kids but also for one’s retirement.
I believe in starting from the bottom and working my way up. I also recently learned about life insurances, savings and investment since my mom trained with Pru Life UK. But even before that, I’m aware of the things that need saving up for.
I’m also wondering why the turtle always win but I agree with the concept and sometimes the simplest concept on savings is living within once means and not be tempted by available credit resources unless its a necessity.
I heard about this book from a good friend. I like Bo Sanchez. In fact, we have Kerygma and Fish magazines.
I’ve always loved Bo Sanchez’s books especially those on love and spiritual enlightenment. Now, I think I have another favorite.. I’ll surely buy this book as I’m currently facing a financial situation.. I would surely find a lot of helpful tips from this one, as I’ve been looking into stock market investing as well.
I love Bo’s style both in speaking and writing! I love his books too!.. and yes, there was one time when I also wished to be contributing to Kerygyma! Lol!
It takes patience, commitment and being goal-driven, to one day-someday be financially free!
Bo Sanchez is not only a spiritual person but a business-minded as well. But whatever wealth he has acquired through time… he remains to be humble and continues to share the words of God and his words for better earnings.
thanks for the fact’s about turtles… something to add to my stock knowledge…
stop and think a while before doing a move… slowly but surely… Yahweh bless.
This is really an inspiring business ideas. Some of them I already encountered in our management seminar and workshop. Turtle is a very good or a typical example in every job related activity for its patient, long-enduring attitude to “complete the task.” For me, turtle is number one. It always wins!
Classic story, I’m sure to relate this story to my kids. I’ve read some of Bo’s articles too and he truly inspires. We have a lot to learn about a turtle…