I Told You To Delay Gratification Not To Delay Getting Rich

It’s great to know that after a year has passed listening to experienced mentors, someone is improving in terms of finances. And he or she has become more blessed to pay the knowledge and their wealth forward.

On the other hand, it’s sad to hear that after a year of delaying that decision to grow your money, you end up with almost nothing today. Just because.

I’m not gonna provide the reasons. I couldn’t remember what excuses you told me last year. What I remember telling you was that regardless of what your financial status back then, you have to start growing your little money while doing your best to eliminate your debts.

But still you didn’t pursue to accomplish any of the two. Just because.

Rewind-Fast Forward

I offered to teach you how to invest in the stock market. You said it’s complicated and you are scared you will lose your money. Just because.

So I suggested that you invest in a mutual fund for a start. Because you won’t need to monitor the market all the time. You only need to continue putting in small amounts regularly. Every month at least.

I told you to start with just Php1,000 in June 2012. But instead of that, you spent your Php10,000 midyear incentive from that time up to this day on various unaccountable expenses (I’m assuming it was spent on cigarettes, liquor, pamporma clothings, Kobe/Jordan shoes, travel & leisure, etc.).

If you had put that Php10,000 instead in equity or index funds (via mutual funds or UITF) in June 2012, you would have earned at least Php2,777 this month of August despite the sideways or downward market.

ALFM Index 8-11-2013 10-22-48 PM

Php10,000 invested in June 2012 earned Php2,776.99 in August 2013 despite the sideways/downward market

Sowing In Times of Famine

“There was another famine in the land besides the early one during the time of Abraham…Isaac sowed crops in that land, and that year he harvested a hundred times as much as he had sown, because the Lord blessed him. He continued to prosper and became a very rich man.” – Genesis 26: 1 & 12-13

I know you have been going through a lot of trials. You have been accumulating tons of problems, pains, and financial hardships. But you have to remember that God is bigger than all these worries. His love and wisdom are larger than what you are going through.

But God wants us to sow in famine. To plant during the time of lack. It is when we have little or nothing at all that God showers us the seeds of abundance. It is for us to take those seeds of prosperity and plant them for us to harvest in the future.

But we need to change our ways and attitude towards money. We need to delay gratification a little bit. Sure, some seeds are edible and great to munch on. But isn’t it more enjoyable to feast on the fruits of the tree?

Being poor is only in the mind. We have to remember that God wants us to prosper. He wants us to become rich. We just need to do our part.

Invest the little money that you have instead of spending it right away.

Wait a little bit and you will soon enjoy your blessings even more.

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P.S. 1. Bro. Bo Sanchez has appointed me as a coach for our young and new investors at the TrulyRichClub social site. It’s a fun, learning family with the purpose of “helping good people become rich”. I’m inviting you to join the TrulyRichClub too and email me at burngutierrezblog@yahoo.com.ph if you have any questions. Click here to join!

[P.S. 2.The Angat Pilipinas Coalition for Financial Literacy and OFW UsapangPiso Forum will be conducting its first ever PAID webinar in 2013 entitled Multiplying Wealth – A Comprehensive Webinar on Investing on March 22, 2013 (both Fridays) at 9pm (Philippine time). The webinar will feature my fellow blogger and personal finance advocate Fitz Villafuerte and he will discuss about investment preparation requirements for beginners, analysis for spotting good investments, types of investments that will make you a millionaire, investment portfolio creation and management, and an easy and simple strategy that will help you retire rich. And by the way, the webinar is also open to non-OFW’s. Register here now! ]