My Journey to Building Wealth and Investing for the Future

2023 is the year that I start dedicating myself to investing and saving for the future. While I focused most of my younger years on honing my skills and bore myself with round-the-clock hustles, it is no fun putting all your effort and time into getting where you want to be with an empty pocket.

I started the year getting back into the habit of reading books. What changed is that from reading novels and self-help books, I began reading books about financial literacy and investment. From fictional stories, I transitioned into real-world stories of people who share their knowledge about money and investment. At first, I didn't believe that financial books would pick my interest, but the rest became history.

By the time I finish this blog, I will be 80% done reading my first book for this year. I am reading Rich Dad Poor Dad by Robert Kiyosaki, a book about what rich people teach their kids about money and why poor people stay the same. I would recommend this book to people who are starting to build their financial IQ, like me. I know how hard it is to break the habit of spending and staying within your boundaries. Still, like reading a book, I am slowly building the routine and consistency to change for the better. 

Reading Rich Dad Poor Dad taught me to be more conscious about my expenses and slowly build my asset table by saving a portion of my income. I like how Robert explained how the financial statement works vs. the income statement. While reading the book, I also created my financial statement to get a picture of where I am right now regarding my finances.

While side hustles (freelancing) gave me extra income aside from my 9-5 grind, I saw a significant problem. In the past few years, I grew my expense table by 3x! I like how I managed to have an emergency fund in the bank, but I realized that my savings had not increased, no matter how much time I put into work. 

Looking at my financial statement, I realized I need to put effort into growing my asset table. I like how the book Rich Dad Poor Dad did not delve directly by telling its readers to go investing right away. Instead, Robert reminds his readers that building your asset table starts with the right mindset and knowledge to choose where to invest your hard-earned savings. 

I started by joining a mastermind group by Bo Sanchez, the Truly Rich Club. Bo Sanchez is a missionary whose vision is to build financial literacy and bless people by helping them get into financial freedom. Joining the Truly Rich Club was a big decision for me, not because it requires a fortune to join the group, but because I knew in myself that this would be the start of something big for me. 

After I read some books and recommendations by Bo Sanchez, I started to create an account to get into the stock market. By the time I posted this blog. I have bought a few shares using my first 20% income savings. I did not share this information because I want people to know I am successful. Instead, I want to encourage everyone to invest and look at the future. 

I genuinely believe that success is not an overnight deal. Success is always a long and winding road, and I am still a work in progress. To be continued…

Want to join Truly Rich Club? Click here.