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How
Financially
Healthy Are
You?
Bo Sanchez
8 Secrets of the Truly Rich book page 201
Presented by Melissa Medina
It depends on how many steps you’ve taken towards financial health. I will share
with you the Six Steps to Financial Health. If you notice, I put a Step #0 because this
is a faith act. How can a poor person give? But that is the challenge. When he
becomes generous, he attracts more generosity upon his life.
Here they are…
Are you Financially sick or healthy?
The Lord will grant you
abundant prosperity… The
Lord will open the
heavens, the storehouse of
his bounty, to send rain on
your land in season and to
bless all the work of your
hands. You will lend to
many nations but will
borrow from none.
— Deuteronomy 28:11-12
This is the purpose of money—to use it for love. And tithing is the “training wheels”
to learn how to do this. Each month, set aside a fixed percentage of your income to
God and the poor. And be open to the blessings that will flow to you.
Step # 0 : Give to God Monthly Love Offerings (start with 10 percent)
“Bring your tithes to the
temple.”
— Malachi 3:10
Step #1 : Free Yourself from All Bad Debt
List down all your bad debts and declare when your Freedom Day will be. Never
borrow for anything that doesn’t put money into your pocket. Renegotiate with
creditors if you have to.
Step #2 : Increase Your Income and Start a Sideline
Grow yourself, your skills and your abilities. In your job, be known as someone
who works fast. Always get more responsibilities. (“Sir, I finished the project. Is
there anything else you want me to do?”) Your boss will be forced to promote
you. And sell something on the side and keep on learning.
Sales are contingent upon the attitude of
the salesman, not the attitude of the
prospect.” --William Clement Stone
Step #3 : Get Protection (insurance) Equal to 10 Times Your Annual
Expenses
Your goal is to be self-insured. But while your investments haven’t reached that
point where your passive income is equal or greater than your expenses, you
need to buy insurance.
Step #4 : Create an Emergency Fund in the Bank Equal to Six Months’
Expenses
These are for your daily expenses as well as unforeseen expenses. Having an
Emergency Fund prevents you from dipping into your long-term retirement fund.
Step #5 : Create a Retirement Fund Saving 20 Percent of Your Monthly
Income in Various Growth Funds.
Keep researching on the best places you can put your long term savings. It will be
determined by your age and the level of risk you’re comfortable with.
Step #6 : Create Passive Income Via Business and Investment Equal to
or More Than Your Expenses
This is financial freedom. It is the place where, even if you stop working, you can
still live your present lifestyle.
If you want to grab the copy of
this e-book for free “My Maid
Invest in the Stock Market…and
Why You Should, Too!”
click the link below:
TrulyRichClub or
Send your question to
melissamedina786@gmail.com I
would gladly answer.
Thank you.
Thank You Very Much!!!
Melissa Medina
As you take one step after
another step, you gain in
financial health. Friends,
this steps is only a start of
your exciting journey
towards material and
spiritual abundance. Keep
learning. Read books on
money. Attend seminars
on money. Get mentors
and financial coaches.
Remember: You create
your future by your choice
today! – Bo Sanchez

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Are you financially healthy

  • 1. How Financially Healthy Are You? Bo Sanchez 8 Secrets of the Truly Rich book page 201 Presented by Melissa Medina
  • 2. It depends on how many steps you’ve taken towards financial health. I will share with you the Six Steps to Financial Health. If you notice, I put a Step #0 because this is a faith act. How can a poor person give? But that is the challenge. When he becomes generous, he attracts more generosity upon his life. Here they are… Are you Financially sick or healthy?
  • 3. The Lord will grant you abundant prosperity… The Lord will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none. — Deuteronomy 28:11-12
  • 4. This is the purpose of money—to use it for love. And tithing is the “training wheels” to learn how to do this. Each month, set aside a fixed percentage of your income to God and the poor. And be open to the blessings that will flow to you. Step # 0 : Give to God Monthly Love Offerings (start with 10 percent) “Bring your tithes to the temple.” — Malachi 3:10
  • 5. Step #1 : Free Yourself from All Bad Debt List down all your bad debts and declare when your Freedom Day will be. Never borrow for anything that doesn’t put money into your pocket. Renegotiate with creditors if you have to.
  • 6. Step #2 : Increase Your Income and Start a Sideline Grow yourself, your skills and your abilities. In your job, be known as someone who works fast. Always get more responsibilities. (“Sir, I finished the project. Is there anything else you want me to do?”) Your boss will be forced to promote you. And sell something on the side and keep on learning. Sales are contingent upon the attitude of the salesman, not the attitude of the prospect.” --William Clement Stone
  • 7. Step #3 : Get Protection (insurance) Equal to 10 Times Your Annual Expenses Your goal is to be self-insured. But while your investments haven’t reached that point where your passive income is equal or greater than your expenses, you need to buy insurance.
  • 8. Step #4 : Create an Emergency Fund in the Bank Equal to Six Months’ Expenses These are for your daily expenses as well as unforeseen expenses. Having an Emergency Fund prevents you from dipping into your long-term retirement fund.
  • 9. Step #5 : Create a Retirement Fund Saving 20 Percent of Your Monthly Income in Various Growth Funds. Keep researching on the best places you can put your long term savings. It will be determined by your age and the level of risk you’re comfortable with.
  • 10. Step #6 : Create Passive Income Via Business and Investment Equal to or More Than Your Expenses This is financial freedom. It is the place where, even if you stop working, you can still live your present lifestyle.
  • 11. If you want to grab the copy of this e-book for free “My Maid Invest in the Stock Market…and Why You Should, Too!” click the link below: TrulyRichClub or Send your question to melissamedina786@gmail.com I would gladly answer. Thank you.
  • 12. Thank You Very Much!!! Melissa Medina As you take one step after another step, you gain in financial health. Friends, this steps is only a start of your exciting journey towards material and spiritual abundance. Keep learning. Read books on money. Attend seminars on money. Get mentors and financial coaches. Remember: You create your future by your choice today! – Bo Sanchez