Last Updated on April 13, 2017 by Marie Bautista
I hate to admit it.
I am a Certified Public Accountant, but I am financially stupid.
I have been working my butt off, but I have nothing.
Except maybe tattered shopping bags and crumpled cash register receipts which are grim reminders of how I behave like a mad woman when I am set free at the mall, without hubby bothering me that he needs to go home.
Until, a mentor, an angel (in the guise of an old office mate) opened my eyes to positivity and making my money work for me.
Do you know the story of Lola Penny and Lola Pilar?
It is an inspirational piece by Bo Sanchez about planning your future and investing.
And I am taking this story to heart. I will strive to be a Lola Pilar!
Every Sunday, she brought her grandchildren to the mall to buy them toys.
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What a beautiful story. I'm glad I go to read it. Thank you so much…
I was glad to read it too, eliz! I realized I have been wasting years working and not preparing for my future!
This is such an enlightening post Marie. Thanks for sharing it with us.
Sarah, the story enlightened me, too.
Cristiane Zubiaga says
Nice and inspiring story. Pinoys should all learn from this I guess
I read a lot of stories similar Lola Penny. One day millionaires. It is sad.
Adventures on Planet Mom says
great stories. i hope i dont end up like lola penny. 🙁
Great stories. I already read about the maids and we are planning to invest int he stock market too. Hopefully it will be great.
Mommy Maye says
Sis, thank you for sharing this. This reminds me to really invest now. Actually, my mother got retired and parang ganun nangyayari sa kanya kay Lola Penny. My siblings kept on borrowing money from her. So I keep some of her money since she's staying with us. I saved it and I told her I will invest part of it. Alam mo what makes me sad about the story of Lola Penny, un part na pine-presyuhan na ng mga anak niya un food, medicine at pati pag-aalaga sa kanya. I will never ever do that with my mother. I hope Matt will not do that to us too.
A really scary thought. Sometimes I think it's too late to start investing for my old age but it's better than nothing. I never gave a thought to investing when I was young. Now I'm panicking like it's too late!
thanks for sharing the story sis, its enlighten it inspired me to do better on my dream of being financially stable when I get old..Rosemarie/Gven-Rose
Liesl Garner says
Well – I am going to figure out how we can start investing right away! Thanks!
but in reality, majority of Filipinos families lives in kain-tuka, other families are able to eat once or twice a day, i'm only talking about food, paano pa ang ibang needs…how would you talk "financial stablity" if the system of the government is callous to majority of Filipinos?
"Stop Blaming the Government for Your Poverty
Ninety-nine percent of all failures come from people who have a habit of making excuses.
— George Washington Carver
"This chapter is specifically written for my fellow Pinoys.Because this has become our national pastime. We like blaming our personal financial misery on our government.
One day, I was talking to a friend of mine. Over a cup of coffee, he blurted out in exasperation to me, “Brother Bo, do you know why I’m poor?” He didn’t wait for my answer. He said, “It’s our (blip) government!
From the (blip) policeman on the street to the (blip) President of the Philippines, they’re all (blip) corrupt. This (blip) country is going to the dogs because we’re being run by a bunch of (blip) thieves!”
If he’d stopped cursing, we’d have shortened our conversation by half.But I needed to correct a graver mistake.
I said, “Is that the reason why you’re poor?”
“Of course!” his nostrils flared, “I hate those (blip) politicians!”
“Then can you explain to me why your next-door neighbor Henry
is getting richer no matter who sits in Malacañang? In the past three presidencies, your neighbor built one small business after another. Did he have a different set of presidents, a different set of senators and
congressmen than you had?”
My friend was caught off-guard. For a moment he just stared at me, not knowing what hit him.
He was probably used to people agreeing with him all the time, even joining him in talking about the muck and grime of our politicians.
Well, I think that’s a total waste of my energy.
Personally, I’d rather go to work, build businesses, create jobs and
bless the world—than sit around cursing the government. Anyone can curse the dark. But it takes a special person to light a small candle in that darkness.
Don’t blame the government for your poverty.
When you blame them, you’ll constantly wait for your salvation from the government. But friend, the government won’t save you.
Don’t wait for prosperity from any politician or any form of government.
If you want prosperity, you’ve got to go and create it yourself.
Only you—and God working in you—can create the wealth you
Stop blaming the government for your poverty"
Eight Secrets of the Truly Rich
aby ♥ says
I heard this story from Bo Sanchez too, I think in youtube 🙂 hihihi
I guess this story hits right at the core, specially for accountants lol! Seriously, I've been a TRC member some time ago, I just stopped kasi am not yet applying all the principles but I've read enough to put some sense in me hehehe. One thing I never forget is the tithes envelope.
Mys Laguitao says
I watched him when he told this story on tv. It's amazing but I wish I could do that from here in the province. Join his truly rich club.
Marie Angeli Laxa says
Are you a member already, Marie? I really (really, really) want to join and start investing already, pero not until next month (it's my baby's 1st birthday kasi this month). I'm also deeply into Christian financial books right now. I also want to be a Lola Pilar no! Are you into investing na din? Sorry, so many questions! 😀
I love this story!!! super!
aby ♥ says
I should be Lola Pilar! hehehe Actually, I started investing and I hope I can continue it until I am old and then, one day I did not realize I am richer.. hehehe Thank you for sharing this story! As of now, I am finding more ways to save up and invest. I hope it will be a success! 🙂
tet ^0^ says
I want to invest to stocks also. But I don't know how to start. haha.. Bo's writings were really inspirational.. 🙂
Cym Marzan says
These are great life lessons as well as financial ones. Thanks for sharing! We are also looking to invest not just in banks.
Red Denal says
This one is really one of the practical and motivational stories from Bo Sanchez. Great money matters lesson.
More Success and Happy Investing,
Red @ Truly Rich Club Review