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32 years earning P100,000 Philippine Pesos, Bankrupt at 62 years old. What to do to change your stor

  • Jan Monique Martin
  • Aug 16, 2017
  • 4 min read

This is a story of how one man, heard the struggle of a 62-year-old ship engineer, who struggled to pay his own medical bills despite the fruitful income he earned at sea. And it’s a story that has inspired a realization that may help hundreds and thousands of Filipinos reach the financial freedom they deserve.

Taking a walk through his village, Bo Sanchez comes across an elderly couple. They approached Bo and asked him to provide a prayer for them. The woman was pushing her husband in a wheelchair, he looked frail and she looked exhausted. As they proceeded to make light conversation, Bo learns of the struggle this elderly couple was under. 62-year-old Rito in his wheelchair spent 32 years of his life working as a second engineer on a ship, earning 100,000 Philippine Pesos every month. It was a good career that had helped Rito sustain a good life for his wife and their family for most of their lives. Unfortunately, this all changed after he experienced a stroke at age 61. His stroke caused him to fall and break his hip. The injury was so severe that Rito eventually became bed ridden, depending on the care of his wife, Jerry. Their tears enveloped their story as they continued to explain the challenges they face every day.

Despite Rito’s continuous and stable income during his years as a seaman engineer, he and his wife found themselves on the brink of bankruptcy as he lost his ability to work and earn enough money. His injuries were so severe that he couldn’t walk or do any every day activities all on his own. On top of this, Jerry and Rito struggled to pay for his medication which cost them 20,000 Philippine Pesos a month. They had their SSS pension to help them financially. But this only added up to around 13,000 Philippine Pesos, with both of their pensions combined. The hardest challenge they had to overcome at this point of their life, was having to find different ways to get the money Rito needed for the cost of his medication. It had become so difficult, that the couple resorted to asking for donations from their friends and neighbours.

After a few months of Bo’s encounter with the couple, the most dreaded happened. Rito had passed away. And Bo met Jerry to console with her. Even after Rito had passed, their financial problems were still haunting Jerry as she struggled to find the money to provide her husband with the funeral he deserves, and one Jerry and her family needed to celebrate the life of their husband and father.

It was a heartbreaking and humbling story to hear. Bo struggled to understand how a well-paid ship engineer of 32 years, comes to a point in his life where he has no money or income to help sustain a disabled life after 60 years old. Bo really could not understand how a person who earned 100,000 Philippine Pesos every month, for 32 years, ended up in such a difficult financial situation. Bo calculated the earning potential of the late Rito, and concluded that this man had earned almost 20 Million Philippine Pesos in his long career. And yet he spent the last years of his life struggling to make ends meet, to sustain his medical care, and to further care for his wife and family.

This is a heartbreaking story. But unfortunately, it's a story that’s far too familiar for many seamen and overseas Filipino workers. There are thousands if not millions of incredibly talented and brave Filipinos who are forced to leave their families in order to attain a better source of income overseas. But this doesn’t always result to them gaining the financial freedom they deserve.

Bo Sanchez couldn’t understand how hard working individuals who dedicated their lives to their career’s, find themselves struggling or even bankrupt at a time when they need money the most.

This is the story of Millions of Filipinos, but it doesn’t mean it is your story. Bo Sanchez has taken this eye-opening story and used it as his fuel to create a plan that he hopes will help millions of overseas Filipino workers, achieve the financial freedom you deserve. He gathered all his knowledge and understanding of the Philippine stock market and educated his personal maids at home, on how they can invest a little money into stocks, and make these into millions. You can watch the beginning of his story and how he helped his maids earn thousands of pesos within just a space of a few months, through his video on his website http://trulyrichclub.com/. What he has achieved with his maids, is a goal that he wants you to reach for yourself.

As many of us do, we find ourselves working long hours, struggling to provide for our own financial stability, and the care and needs of your families back in the Philippines. Bo wants to help you learn the advantages of investing in the stock market. And he is doing this by changing two distinctly important factors that Filipinos seem to lack.

  1. Financial Literacy

Filipinos are unaware of the many different and diverse strategies and methods in which they can sustain, handle and grow the money that they have. Bo wants to teach you everything you need to know about finances and how you can take advantage of your current bank account, and turn this into a tool for financial freedom.

  1. Spiritual Abundance

Having come from a country filled with poverty, the average Filipino often doubts their ability, and the countries ability, to reach high financial goals. We often think of ourselves as incapable of earning great amounts of wealth, for as long as we are living in the Philippines. But this is just not the case.

Bo wants to give you the education of financial literacy to help you learn about the power of your own money, and the spiritual abundance for you to be able to believe in yourself, and thus reach for greater and better financial goals for the future. It’s not just about earning money and saving money. Bo wants to give every seaman, every overseas Filipino worker, every Filipino, the chance to have the right education and knowledge that will lead you to a life where you will not only help your family, but you can also extend your wealth to helping thousands of people around you. It’s a dream Bo wants to achieve. And it’s a dream that you deserve to eventually have come true.


 
 
 

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