5 More Investor Tips

Make your road to investing success a bit shorter by following a few more tips from those that have travelled before you.

1. Surround yourself with people already successful in your area of interest. Follow their lead, do what they do, don’t try and reinvent the wheel until you have money to lose. Invest with your head, make sure your risk is manageable, get your own personal financial advice.

2. Learn as much as you can before you start, read books, attend seminars, do your homework. Following successful people is great, but don’t underestimate yourself, take responsibility for your own education. What’s right for some may not be right for you.

3. There is a lot to learn, and lots of ways to invest, don’t get carried away trying to do it all at once, it’s easy to get overwhelmed and when that happens there is a tendency to stop altogether.

4. Life is busy, so create a timetable that can guide you through your week, utilise time in your car listening to investment or motivational CD’s, delegate some of your work, don’t try and do it all yourself.

5. Decide what you will do with the money you make before you make it. Selling a property, for example, and making $30,000 profit, it’s easier than you think to spend it quickly if you don’t have a plan for it.

Stay Positive, it’s not what happens but how you handle it that matters.

Live Life with Love and Laughter.

TV

Tips for Investors

Whether your into property, the share market, internet or business investing we would all do well to follow a few simple guidelines to ensure an enjoyable and successful journey.

1. Have a plan. Know what your goal is but also keep an eye on the fine details of your transactions. Having a good understanding of all the the figures involved in purchasing and maintaining your properties will make the exercise more enjoyable and profitable.

2. Have a ‘win with me’ philosophy in all your dealings. That way all parties are happy and you will sleep much better.

3. Make sure you continue a sound savings stategy. Allocate 10% of your earnings to savings and 20% to investing capital. And remember avoid consumer debt.

4. Remember to keep your life in balance no financial gain is worth the loss of your health or your relationships. Allocate time for each area of your life. Being devoted and focused is great, but being able to switch off, is also important for success.

5. Believe. You can take control of your life, decide how you want to live, trust your abilities, take responsibilty for your future. Life doesn’t always go to plan, keep it all in perspective.

Now go forth and prosper.

Live Life with Love and Laughter

TV

Cut Your Mortgage in Half - A Strategy

Simply make extra principle payments.

Work out what part of your monthly morgage is interest and what part is principle. Then each month make an extra payment of the next months principle portion.

Example: Mortgage Payment of $1000.00 per month - $40.00 pays off the principle, $960.00 is interest. Making an extra principle payment will reduce the following months interest payment.

Doing this strategy every month means you never pay interest on the prepaid principle amount. Consistently following this strategy will cut the life of your mortgage in half. A very powerful strategy that will save you a lot of money.

*Get an amortisation schedule from your lender if you don’t have one.

Points to Consider when Planning

They say ‘It’s never too late’ or ‘It ain’t over till it’s over’. True statement’s, and they go hand in hand with ‘Never give up’. It’s great to see people achieving their goals and dreams at any age. When it comes to your financial situation though getting it right the first time would obviously be everyone’s preference.

Ok, so some of us, me included, have past the ‘get it right the first time’ part and I congratulate all of you for not giving up. We have a goal here at Absolute Wealth Education, we want to help as many people as we can along the path to financial security, but we really want to reach young people and get them started out in life on the right foot.

So once a goal is established and written down, what do we need to consider when making a plan to achieve it.

WHY?

You may not think why is part of your plan but why is your motivation, if you don’t have a why, then why have a plan. Don’t confuse your ‘why’ with your goal. Your goal might be financial security but your why is to do ‘whatever you want whenever you want’. Put your why right at the top of your plan.

WHAT?

What are you going to do to reach your financial goals. You must have a clear idea of what your financial goal is. A certain income per month, a certain amount invested so you can retire early, be clear, write it down, remind yourself daily, be positive you will do it. Then decide what you will do to achieve it. Property investment, various share strategies or a business are the obvious choices. Choose what suits you and what you will enjoy learning about and doing.

WHEN?

As soon as you begin to earn any money is obviously the best time to start, but of course some of us are well and truly past that. So the next best time is now! That’s right start now, start wherever you are. Write down your goal, set up a savings plan, avoid bad debt eg. credit and store cards, as much as you can; unless you can pay off the balance during the interest free period. Better still save for what you want and you’re halfway there.

HOW?

That’s the big question. Research as much as you can to decide the best method for you. When you decide on your niche learn as much as you can. Ignorance is bliss, so is enlightenment it’s in between that hurts. So take your future in your hands, don’t rely on a job, your super or your pension to give you the life you deserve.

Jamie McIntyre, Kevin Rudd, Your Future

I’m not here to point fingers, no way. Just thought we could think about our future a little and what plans we might have.

Oh you want to hear mine first……., ok sure.

First, I am about to take possession of two properties both well built, centrally located close to schools, shops, transport, beaches and clubs. So obviously these meet all the criteria for sound property investment. Second, the equity in these properties will be utilised in the share market to rent and insure shares (strategies taught by Jamie McIntyre and the 21st Century Academy). The returns from that investment will contribute substantially to the mortgage payments on both those properties, added to the rental income of one, and these properties come very close, if not better to paying for themselves.

I don’t say this to impress you, but to impress upon you, that there are things you can do. Whether you decide to use strategies like those mentioned above or other ways, whether it’s through Jamie McIntyre and a 21st Century Education or some other way. There are ways to beat the obvious struggles, we all face, if we rely on our jobs and our government.

So let’s look at a few figures from the political side of the fence at how Australian families and households are doing.

Taken from a speech by Kevin Rudd prior to his election.

Rising Financial Pressures on Families

The drain on family incomes from Government policies is matched by household costs that are rising well ahead of the official inflation figures.

Rising Grocery Bills

The increasing cost of living is felt most sharply by families at the local supermarket. While the prices of many goods and services go up and down, over the past five years, families have generally seen the prices of everyday goods like bread, fruit and vegetables go up and up.

An analysis of Australian Bureau of Statistics data on retail grocery prices shows that across our capital cities, the cost of many basic food items at the supermarket has outstripped the rise in general inflation.

The most recent Household Expenditure Survey conducted by the Australian Bureau of Statistics shows that the cost of living outpaced inflation (or CPI) by eight per cent from 1999 to 2004.

Soaring Petrol Prices, Skyrocketing Housing Costs…………….

…………and the list goes on, whether you’re for or against the change in government, whether you prefer Kevin or John, the only thing we can be sure of is that you can’t rely on anyone to take care of your future, except you.

You can create a financial safety net with the right information, you can ride the highs and lows of our economy without losing your home or your lifestyle and who knows you may even create the life you’ve always dreamed of.

The future is out there, prepare a little today.

Cheers

TV

Rich with Happiness, Health and Wealth

Watch this space for regular updates on our journey to an abundant life.

It’s not just about money, but more importantly what it enables us to do………….

I have just attended Jamie McIntyres’ 4 day seminar on the Gold Coast; there are times in your life for sleeping, but the 4 day seminar is not one of those time. Packed full of great speakers sharing inside information to develop your mental, physical and emotional self, so that you can live life to your full potential. Strategies for property deals, share market methods, internet and business growth. Let’s face it, we all want a life that doesn’t revolve solely around working for someone else, getting paid less than your worth and finding you are continually chasing rising prices and interest rates. Following some of the 21st Century methods for a sound financial future might be just what you need to achieve some freedom and security in you life.

Get back to you soon.

TV

The Importance of a Plan

Welcome back, yes, I have been away for a while as life got a bit crazy in other areas, hence the title of this Blog, ‘The Importance of a Plan’.

There are quite a few things you need to do when you want to turn things around in your life, such as, creating more time and making more money, but if you don’t do the first most important thing you will get lost along the way.

Make a Plan.

Now plans can’t always be laid in concrete, their purpose is not to stress you out because something came up and you had to change your plan a little . The purpose of a plan is to give you a reference point. It’s what you go back to time and again to make sure you are doing the things you need to for a successful outcome. When it comes to increasing your income you must write down your plan.

Begin with the end in mind, what is your goal, your purpose. Don’t say to make more money, you must be specific. For me it’s always been to own my home, and not in partnership with the bank. You may want an income of $10,000 a month, then plan for that, how will you do it, what method will you use, how long will it take. You must have a course to follow, guide posts along the way if you start to wander off. Life can get crazy if you just let it happen to you. Make a Plan, write it down, then come back to it over and over, revise it enhance it, use it.

If you have decided to start an online business to increase your income, with less time commitment, do a business plan. Without a Business Plan businesses fail.

If you want to invest in property you must have a plan, will you buy and hold, renovate and sell, what kind of property and location. Are all your safety measures in place such as insurance and don’t forget Income Protection. Even the best laid plans encounter the unexpected, ‘Be Prepared”.

The Stockmarket must have a stategy for all it’s highs and lows. Plan your strategy, it’s ok to take risks but it’s better when it’s risk you can afford once you have set yourself up with a plan that works for you.

Put education into your plan, the world has become so complex we are affected by things that are so far away and so out of our control, education in your chosen method is vital. If you want to start a small business in this country you do a business course you learn how to make a business plan. If you want to increase your income through property investing, internet business or the stock market, learn all you can and Make a Plan.

Have a great day

Live Life with Love and Laughter.

Teresa

Introduction

Hi, Welcome, I’m Teresa and this is my first entry in our wealth creation blog.

One of my passions is writing, another is making money, so I can be free to write. I have a few other passions as well ,they revolve around family, good times, travel you know all the things that at some point require money.

So I’m here to write and share some of the things I’ve learn’t and things I’m still learning about making money. I’d like to invite you to join me, have your say, share some of your knowledge, make a comment.

The world runs so fast, we all have so much to do, people to see, places to be. I believe it’s time to look for ways to slow down. One thing we can be certain of in this life is that things change. It’s time to change the way we spend so much of our time at work for such little reward. It’s time to value life with the people we love a bit more often. Time to look for ways to make money that don’t involve so much time. Let’s re-evaluate what we’re doing, prioritise a little more and spend our time in the places that are important to us. Let families be families again, not ships in the night that pass by on their way in or out.

I know these changes may not be for everyone, but I also know there are people out there like me who want the time and the money to do the things they love and to be with the people they love. People like me who whether young, old or somewhere in between are prepared to find ways to do it, because if you want it you can have it, as long as you don’t give up.

So once again welcome to my blog stay tuned I’ll be back with some practical tips and information based on my experience and gathered from years of research from a variety of sources.

Until then live life in love and with laughter.

Hello world!

Welcome to Absolute Wealth Blog. This is our new free blog page, and will be updated regularly.