Wednesday, May 3, 2017

8 Secrets of the Truly Rich by Bo Sanchez (Book Review)

Bo Sanchez expounded the difference of being "rich" and "truly rich' in his book" 8 Secrets of the Truly Rich". He also discussed the reasons why people remain poor no matter how much money they earn and what are solutions or steps to take in order to move pass from these hurdles. The author proves that it is possible to gain material and spiritual wealth at the same time.



What You'll Learn:
  • Rich vs. Truly Rich. We become "truly rich' when we are not only wealthy with our money but as well as in other areas of our life: love, family, spirituality....We earn to give. 
  • How to change our inner "Poverty Mindset". Three giant monsters of poverty that we need to get rid: 1. we really don't want to be rich subconsciously  2. we're financially stupid 3. we insist on walking, instead of riding, vehicles towards wealth
8 Secrets of the Truly Rich

Secret #1. Be Totally Responsible for Your Success
Truly Rich Principles:  Blame robs you of your power to determine your life. /You become what you repeatedly do. You become poor because you have the poor man's money habits. 
                                                       
Secret #2. Enlarge Your Psychological Wallet
Truly Rich Principles: I'm not content with earning "enough." My heart is too big for that. I want to earn "more than enough" so I could bless the poor. /See yourself earning double of what you're earning now. Get comfortable with that.

Secret #3. Get Rid of Crazy Religious Beliefs
Truly Rich Principles: God needs godly people who will run businesses, give jobs, and bless the world with great services and great products./ Don't expect God to do the very things He expects you to do.

Secret #4. Be Completely Committed to Your Dreams
Truly Rich Principles: By writing down your dreams, you open yourself to life's river of abundance. But when you read what you wrote down daily, you multiply the power of that river tenfold.


Secret #5. Raise Your Financial IQ 
Truly Rich Principles: Who should be your financial mentor? Follow the money./ Famine will always come. So prepare for it.


Secret #6. Ride Something to Wealth
Truly Rich Principles: Your first profit in any business is financial wisdom, not money./ If you want to be rich, use your core gift with passion.


Secret #7. Have a Bias for Action
Truly Rich Principles: For pioneers, perfectionism is never a good strategy./ If you want to succeed, don't take timid, tepid, tentative steps. Give it all you've got.

Secret #8. Win in All Areas
Truly Rich Principles: My inner compass is God's voice in my soul./ The more I give the more I receive. This is a law written in the very fabric of the universe.


Just like the other books written by Bo Sanchez, he gave a spark to the seemingly boring subject that will make its readers finish the book in one sitting. The author presented the topic (personal finance) in a practical way, with a dash of humor, and connected the topic with our higher aspirations of not only amassing wealth but most important is the purpose for having wealth.

This book is for those looking for a purpose for their lives, those who want to change the inner software of their mind to be freed from poverty mindset and as well those who are looking for practical ways on how to earn wealth.



Quotable Quotes:
"Then the Lord your God will make you most prosperous in all the work of your hands.... - Deuteronomy 30:9


Book Details
Author:  Bo Sanchez
Publisher: Shepherds Voice Publications

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