My Maid Invests in the Stock Market by Bo Sanchez 1 | Page 11

Unless there’ll be people on the ground to guide them in
their businesses, nothing much will happen.
So my helpers—and the domestic helpers around the
world—continue to send money each month to feed their
families.
4. Emergency Fund
This, I believe, is the magic sauce.
My secret ingredient.
I told my helpers that aside from their savings, they should
create an Emergency Fund. Because every once in a while, their
families will call them up.
An uncle dies.
The farm needs seeds.
A niece is in the hospital.
The typhoon ravages the crops.
When these emergencies come up, they have another fund
to send back home.
For my helpers, this is P1000 a month.
They put this in the bank account.
Or sometimes, my wife keeps it for them—whatever they
prefer.
So they have peace of mind that they have money for any
family emergency.
5. Retirement Fund
This is their real savings.
I explained to them, “I call it Retirement Fund because I
want you to retire as millionaires.”
Their jaws drop. They look at me like I said they
would become Barney the purple dinosaur. In their minds,
it was preposterous. How could domestic helpers become
millionaires?

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