Simple Steps Where You Can Start To Retire Rich

Do you know people struggling after retirement? I DO. And they're a lot. According to National Statistics Office (NSO) Survey 1995 on people retiring at age 65 years old:

• 45% of retired depend on their relatives and families, 
• 30% depend on the government (SSS, PHILHEALTH, etc), 
• 23% will "STILL HAVE TO WORK OR DO BUSINESS" and only 
• 2% retire "FINANCIALLY INDEPENDENT". 

The question is: "Where do you want to be included?"

To be part of the 2%, here are some habits you need to develop:

1. Earn More NOW

You need to find ways to earn more. Don't stick with one source of income. Build multiple source of income. It is not wise to live with one source of income. Bad things happen when we least expect it. Companies go bankrupt. Large companies merge or acquire big and small companies. Companies do cost-cutting through outsourcing. etc. And where does this lead to? This lead to redundancy and unemployment. So the safest way is increase cash flow by creating multiple source of income.

To know more about how to create multiples source of income: read Multiple Streams of Income by Robert Allen.

2. Save More NOW

The reason why most people live in a "RAT RACE" is because they don't SAVE. Saving a percent of your hard earned money is one of the first habits of the Self-made Rich People. The foundation of wealth is delayed gratification.

3. Spend Less NOW

People have a bad habit of spending more than they earn. Live within your means. How can you be blessed with Big Money if you can't even handle your "not so big" money.

Don't look at how the Rich spend. Study how they started and how they build their wealth.

The problem is most people look at how the rich spend. They look at what watches and clothes they wear. What cars and gadgets they buy. Without looking at what they did to get to their level.

How can you spend less? by monitoring your expenses.

Beware of little expenses; a small leak will sink a great ship.  ~Benjamin Franklin

4. Invest More NOW

Before you invest your money, make sure to have a "PEACE OF MIND" Fund. Financial Experts call this the "EMERGENCY" Fund. (I don't like the term because you might attract emergency things happening in your life.)

A good "PEACE OF MIND" Fund should be amounting to around 8-12 months for your monthly expense. For example, your monthly expense is around P20,000. You need to build around P160,000 to P240,000 of "PEACE OF MIND" Fund. You should put this in a high-interest yielding bank deposits or time deposits where you can immediately get it if you need it. Visit your local banks for more information or visit their website.

After this, invest the rest, where? It depends on what your investing for. You can ask your financial advisers for this.


This simple money habits separates those who really build wealth from those who just look wealthy. In the Philippines, we call this people "MAY DATING PERO WALANG DATUNG". They copy how the wealthy look but in reality they're not.

If you want to Retire Rich, DECIDE NOW. Follow this simple habits.

If you have questions, feel free to comment.

KNOW YOUR VALUE

In order to succeed in life, you should know your “VALUE“.

There’s a story I want to share with you. There was a very rich man who was very successful financially. The problem is that because he was very focused on his financial success. He forgot to take good care of his health. He got very ill and was blinded by the disease. Since he was a very rich man, he asked people if he can buy their eyes. He asked a person if he can buy his eyes for “a million dollars” and the person says “NO”. He then asked another person if he can buy his eyes for “five million dollars” and the person says “NO” again. And then another person and offered “10 million dollars”, and the person still says “NO”. There and then, we already know our “VALUE”. 10 million dollars for just the eye only and we don’t accept it. Then why do people settle for less. Why do people give their “whole life” for P10K, P20K, P30K or even P50K? People say that they have no choice. They were born poor. Is that really the case?

Guys, “DREAM BIG DREAMS“. God want us to live an abundant life. Its just up to “US” (not any other people) that would decide on that. It always starts with our own personal “decision” to change for the better.

Welcome!!!

Hi, I’m Mike. To know more about me just follow my blogs.

This blog site is for people who want to make a difference in their life and to the lives of the people around them. This blog will also serve as an inspiration to people who wants to have a life well-lived.

I believe all of as has the capacity to change our life for the better. It is up to us if we really want it to. I also believe that we all face two challenges in our life: One is health and the other is finances. We need to have balance in our life, especially in this two categories.

How can I say that? Let us say you have all the riches in the world. We have our dream job, our dream business or our pooled investments. Sadly, our health got hit because of stress and poor lifestyle. We got one of the top disease right now which are Cardiovascular Disease, Cancer, Stroke, Respiratory Disease or Diabetes. Our accumulated wealth will be useless because we won’t enjoy it for long.

And vice versa, let us say we are really really healthy. But sadly, we have financial problems. That won’t still be a life well-lived because you will still get sick from the stress of life.

This is why I advice you to read my blog to be in the right path in TRUE HEALTH and TRUE WEALTH.

About Michael Sy

Michael Sy has used his knowledge to build a network marketing business here in the Philippines that generates over P50 million  in annual sales under his organization. As of now, he has just 4 years  in the MLM industry, and has become an expert at showing others how to build a successful network marketing business regardless of their past experience.

Michael Sy never had any sales nor business experience but he believes that everyone is born with unlimited potential but often our potential is locked up due to our environment and lack of opportunity. In this day of age, anyone can be successful through self development but our path to success can be accelerated when you have the right mentor.

Today, Michael Sy helps people fulfill their dreams by coaching them how to build a successful network marketing business.

Michael Sy’s Early Years

Michael Sy was born on September 16, 1986 and was raised in San Juan City, Philippines and grew up as a shy and quiet kid who had low self esteem.

Michael Sy’s shyness lasted throughout college and he never really partied nor had a girlfriend until he was 24.

Through hard work and lot of sleepless night, he graduated from Saint Jude Catholic School and was able to attend De La Salle University (DLSU) where he took up Bachelor of Science in Management of Financial Institutions commonly known as Financial Management or Banking and Finance in other universities.

Michael’s First Job and Last Job

Immediately after graduation, China Banking Corporation (CBC) hired Michael Sy as a portfolio assistant in its Trust Department where he help manage investment management accounts. CBC is one of the top local banks in the Philippines. Less than a year after he was hired in CBC, CBC enrolled him in a One-year course in Investment Management and Trust Operations held at Asian Institute of Management (AIM) by the Trust Institute Foundation of the Philippines (TIFP). Michael Sy learned a lot about Investment or Money Management in the said course.

After attending the course, he was transferred to the Investment Unit in the Trust Department where he did a lot of research reports, managed different investment accounts, etc.

Paradigm Shift

In 2009, although doing good “career and experience-wise” in his current job, because of the nature of his job handling billions worth of investment accounts, Michael Sy knew that there are opportunities out there where we can earn more than being employed. During this time, Michael Sy was introduced by his high school friend to a network marketing company called USANA Health Sciences. At first, he was skeptic. But when he was introduced to a person named “Nat” an I.T. undergraduate and a former room-boy attendant who was earning around P17,000 per “WEEK” that time. Michael Sy became curious about the company. After the presentation, he was very interested because of the quality products that USANA has.

Today, after four years in the business, people know Michael Sy as for his work as an up and coming leader in USANA Phils., Inc. where he conduct business development and training.

He have had the privilege to mentor and coach numerous people here in the Philippines helping people from all walks of life to embrace a life well-lived.

Michael Sy’s goal and dream for the future is to help as many people to attain “True Health & True Wealth” on the foundations set within his company that he is associated with.