This is a photo of my beautiful daughters. Reading the title of this post, you may think it is absurd. I cannot blame you. We do not come from a rich family. My husband and I are average income-earners now. But yes, I'll say it again, my children, now at aged 5 and 1, will retire at age 65 as Billionaires!
How?
Through sowing in time of famine.
More specifically, through investing in great, solid companies in the Stock Market.
The Untold Story of Jack and Jill
Let me share with you the story of Jack and Jill, as told by my mentor, after Jack fell down the hill and Jill came tumbling after. Jack had brain surgery. He has no health insurance and his medical expenses made his family very poor. This emotional pain became his strong why that created an inner resolve in him. He told himself, "I will never be poor when I grow up!"
At age 15, he started a small business of selling anything and everything to his classmates. He earned Php2,500 a month, which he invested in the stock market. He was faithfully doing this for 5 years.
Jill, on the other hand, was not affected by the accident except for a few scratches. She lived a happy-go-lucky lifestyle, buying the latest stuff and did not save at all. One time, Jack invited her to attend The Feast and this changed her life. She began investing in the stock market at age 27, putting Php2,500 every month, buying the same great, solid companies as Jack did. She faithfully did this until she was 65.
Jack Pops The Question
A few years after, when they were both 65, while having lunch after going to The Feast, Jack proposed to Jill and she said YES!
Jill then asked Jack how much money did he invest. Jack said that he invested a total of Php150,000 for five years, from age 15 to 20.
To her surprise, Jill said that she invested a total of Php1.17 M for 38 years from age 27 to 65.
They then decided to call their stockbroker to know how much money they actually have. Both were totally shocked.
Here’s what happened…
Jack Jill
15 30,000 0
16 30,000 0
17 30,000 0
18 30,000 0
19 30,000 0
20 30,000 0
21 0 0
22 0 0
23 0 0
24 0 0
25 0 0
26 0 0
27 0 30,000
28 0 30,000
29 0 30,000
30 0 30,000
31 0 30,000
32 0 30,000
33 0 30,000
34 0 30,000
35 0 30,000
36 0 30,000
38 0 30,000
39 0 30,000
40 0 30,000
41 0 30,000
42 0 30,000
43 0 30,000
44 0 30,000
45 0 30,000
46 0 30,000
47 0 30,000
48 0 30,000
49 0 30,000
50 0 30,000
51 0 30,000
52 0 30,000
53 0 30,000
54 0 30,000
56 0 30,000
57 0 30,000
58 0 30,000
59 0 30,000
60 0 30,000
61 0 30,000
62 0 30,000
63 0 30,000
64 0 30,000
65 0 30,000
Total Amount Investment:
Jill: P1,170,000
Jack: P150,000
Check below the total amount of money earned by the two when they reached 65 years old…
Total Retirement Money if it Grew at 20% A Year
Jill: P220 Million
Jack: P1 Billion
Surprised?
Jill is a Multi-Millionaire.
Jack is a Billionaire.
And this means that my children can retire with a billion.
Remember how financial advisors would come up to you while your baby is still in your womb or your wife's womb and tell you that if you start at Age 0, the premiums you will be paying are smaller and the you have a longer time to grow money for your kids?
The story of Jack and Jill was something like that -- except that you do not start at age 0 and yet you retire a billionaire.
Friend, I encourage you to sow in time of famine, especially for your children. Do not wait for better times before you invest. Do not wait until you have excess money.
It does not have to be big. What is important is that you start, and invest consistently.
Because your greatest ally is time.
Happy investing!
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P.S2 Do you want to start a fund for your kids? The best time to start is always TODAY. Please fill up our financial planning form and we will email you a proposal. Go to the LET'S DISCUSS YOUR PLAN in the page above.
