If I summarize all the things I read and heard about Bo's maid, Gina, her success is admirable. The secret on how she built her ₱1,000,000+ stock portfolio is simple; She consistently invests in the stock market up to this day.
This also the reason why she became an inspiration within the Truly Rich Club.
When I think about it, she must have been a high-salaried maid to invest such amount but apparently, she's not. A high school graduate from Dumaguete, she started working as a maid when she was just around 18 years old. She later became Bo's bookkeeper after she graduated from college.
Want to hear her story? Here it is...
Gina Is An Inspiration
According to Bro. Bo, Gina really wanted to study in college. She enrolled in a correspondence school with his help so that she could work as his housekeeper while studying at the same time. It was during this time that she started investing on stocks at ₱2,000 a month.
After she graduated four years later, she was hired by Bo himself to become his Bookkeeper. Her salary increased and with that, she also increased her investments.
At first, it was just around ₱2,000. Then she increased it to ₱4,000... then ₱5,000... Now, she's already capable of investing ₱7,000 a month.
Not only that, every time she receives her mid-year and Christmas bonuses, she invests it all.. And she did it consistently. No wonder she amassed that kind of wealth in just six years. That's two bonuses received in a year according to Bo, and all that goes to her stock investments.
Most people can't do it because a lot of us think the opposite. More money equates to more expenses. For her, more money means more investments.
I realized that if she can do it, then there's no reason why no one can't.
How Gina Did It
When I think about Gina, it really inspires me to do the same thing. It challenges me to the point that I now wanted to surpass what she's achieved.
If you want to follow her footsteps, then you need to start saving and investing right away.
Gina became a stock market millionaire because her stocks slowly increased in value overtime. That's what we call capital appreciation. It happens when you invest for the long-term because companies grow and expand overtime. If a company grows, it increases in value. If a company increases in value, the stock also increases in value.
Besides capital appreciation, you also earn yearly profits called dividends. As a shareholder, you earn the opportunity to earn a tiny share of the company's profits. Dividend income is also a form of passive income.
If you start to make a lot on dividends, you can use that money to buy more stocks. You could build a massive stock portfolio that way because your portfolio will start funding itself.
Gina's stock portfolio worked that way. Besides her monthly investments, her portfolio funds itself thru her dividend income. And she reinvests that too. That's how compounding works!
I love having a steady source of passive income because with it, you can achieve time freedom. If you don't want to spend your whole life working 9-to-5, then investing is the way to go.
Invest Consistently To Retire Early
The lesson I learned is this; to become successful in the stock market, you need to make a commitment to invest consistently.
The more you invest, the faster your money will grow.
You can be financially free by investing ₱2,000 a month in twenty to thirty years. If you invest five times more, then maybe, you can retire within ten to fifteen years from now.
The bottom line is this; the sooner you put your money to work, the faster you'll reach financial freedom.
The next time you receive a large bonus, overtime salary or when your boss gives you a raise, always think of where to put that money to work.
Think of Gina.
Your Action Plan
Now how about you? What's your action plan? But before you answer that, ask these questions to yourself:
What that said, I hope you now possess the wisdom to know the right answers to these questions so that you may obtain success just like Gina did.
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