April 7th, 2010
Writing as often as I can in this blog on wealth creation keeps me focused on my own journey. As I write with the idea that I can hopefully help others, it is also true that I will benefit, so I thank you for that.
Because of this blog I am constantly reading and researching the thoughts and ideas of many successful people. Lately D.J Swhartz, Ph.D author of The Magic of Thinking Big has been one of the books I have been studying. I want to share some of the successful thoughts from this book for you to examine and consider if they have a place in your thinking.
- Becoming successful means making the most of yourself. Making the most of yourself means believing you are capable of doing or becoming whatever you set your mind to.
- Successful people live until they die. No matter what are you living the life you have to the fullest? Making the most of what you have no matter how little is a crucial step to living successfully.
- Use the skills you have. You have skills but if you don’t use them they are of no use. Your skils don’t even have to be of the highest level, with interest, enthusiasm and a positive attitude you can be a great success.
- Your attitude can make you or break you. This is true in every area of your life. Choose the right attitude, be positive.
- Every action you take will have an effect. Are your actions creating the effects you want? If not you can change them your actions are your choice.
- How do you present yourself to the world? You don’t have to spend a lot to stand tall, smile and dress as well as you can.
- Know the people in your daily life. What do they love, what are they dreams, their fears? Developing an interest in others creates successful relationships.
These are just some of the things to examine and consider on your journey of success and wealth creation and remember it’s all about enjoying the trip.
Have a Fun Day
Teresa and Team at
AustraliaWealth.com.au
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April 6th, 2010
If you have decided to get rich it’s a good idea to know who you are. Most of us have developed low opinions of ourselves believing we are not good enough. It is important to know who you are, what you are honestly capable of and if you need to make any changes in order to become rich.
It is important to know what skills you have and what skills you need to improve as well as doing a honest and accurate self evaluation. It may help to ask someone who knows you well to assist you with your evaluation. Consider your education, your experience, any talents, skills or abilities and your relationships. You are bound to find out that your are more capable then you have considered in the past.
Wealth creation does involve believing in yourself and your abilities, not boasting about them but, having a deep inner knowledge that you are capable. Another aspect of knowing yourself is understanding your overall disposition and outlook on life. You will get a better clue about this by starting to notice the words you use on a daily basis. When someone asks you how you are what is your answer? Do you reply using positive or negative words? When you talk about others do you speak highly of them? Do you you encourage and compliment others?
You may wonder what all this has to do with wealth creation or getting rich, but attitude is very important. Knowing yourself, what you are capable of and how you look at life are all necessary in understanding why you may not have previously been successful in getting rich. We can all be wealthy, if we choose to, as long as we know what we have to give of ourselves and if we are willingly to do what it takes.
Have an Awesome Day
Teresa and the Team at
AustraliaWealth.com.au
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April 4th, 2010
Everyday we are involved with money. Everyday billions upon billons of dollars exchange hands. Money doesn’t care who earns a lot or a little of it, it simply keeps circulating around.
Your attitude, your feelings, your subconscious thoughts and your actions will be what determines whether you live a wealthy life or a poor one. Money carries no feelings about you and it makes no judgements about who should have more, it is not good or bad. Money is simply a means of exchange one that everybody needs.
Money is your friend it allows you to be generous, to pay your bills on time, to keep yourself and your family clothed and well fed. It allows you to be independant and make contributions that really make a difference. If you have enough money, if you have saved and planned and invested wisely you can spend your time where you want.
It’s okay to be wealthy, if you are not it is probably simply because you believe it’s wrong or because you haven’t taken all the necessary steps to become wealthy. You can learn everything you need to do to create wealth just like you can learn any other skill and become good at it. You need to learn focus and commitment, perserverance and determination these are skills required for wealth as much as for any other kind of success in your life.
So let money be your friend, let it give you what you want, do for you what you want, share it with whoever you want. Learn the principles that every other wealthy person has learned then find your vehicle and let money be your friend.
Have a funfilled day
Teresa and the Team at
AustraliaWealth.com.au
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March 31st, 2010
No one is going to achieve success without taking action. I have found some action success tips from The Magic of Thinking Big by David J Schwartz, Ph.D.
- Get a clear fix on where you want to go. Create an image of yourself 10 years from now.
- Write out your 10 year plan. Your life is too important to be left to chance. Put down on paper what you want to accomplish in your work, your home and your social departments.
- Surrender yourself to your desires. Set goals to get more energy. Set goals to get things done. Set goals and discover the real enjoyment of living.
- Let your major goal be your automatic pilot. When you let your goal absorb you, you’ll find yourself making the right decisions to reach your goal.
- Achieve your goal one step at a time. Regard each task you perform, regardless of how small it may seem, as a step toward your goal.
- Build 30 day goals. Day-by day effort pays off.
- Take detours in stride. A detour simply means another route. It should never mean surrendering the goal.
- Invest in yourself. Purchase those things that build mental power and efficiency. Invest in education. Invest in idea starters.
Without action no goal can be achieved and without goals we wander aimlessly through life following every whim. This maybe okay for a while, in my younger days it was how I lived, but it does not maintain you through life. We are all after success in some area of our lives, to achieve success you must have a goal and follow through with action.
What are your goals in your relationships, your career, your health and personal growth? What actions are you taking to achieve them?
Use the guide above to get you started and to keep you moving on track to your goals.
Have a fulfilling day
Teresa and the Team at
AustraliaWealth.com.au
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March 30th, 2010
How do you feel about your life? Do you have enough quality time with your family? Do you have enough time to do the things you love? Are you working enough or too much?
Many of my friends lately have been complaining about how busy life is. That the days are just a crazy collection of busyness. We have decided there must be a solution a simpler way that doesn’t include discarding all your worldly possesion and going to live in the bush.
The most important reason for looking at your life and how you balance it with work and your other commitments is because you deserve to live a good life. Some of us learn our life’s lessons too late and I believe it is a duty to pass on what we have learned and hope that others do not repeat our mistakes if possible. I’m sure you have heard the scenario of being on your death bed and not wishing you had spent more time at work.
So how can we be wealthy, make a contribution and still enjoy life and time with family?
There are several things that will help us to gain wealth and starting as early as possible is the best option. At the forefront of wealth creation is savings. Whatever your income it is possible to save. You may have to resist the desire to buy every latest gadget but ask yourself if they truly contribute to your quality of life or are they a diversion from it.
No one can examine your life and give you more time for the things you enjoy except you, even one hour a day could make a difference. Educate yourself on multiplying your sources of income without having to increase the time you have to give. You can create options that mean you can reduce the time you currently commit to earning an income. There are areas of investing that can supply you with regular income, there is the option of internet businesses that can be conducted anywhere, anytime.
If you feel you are spending too much time away from family and the things you enjoy don’t just accept it as being the only way to survive, look for other options and opportunities.
Have an Amazing Day
Teresa and the Team at
AustraliaWealth.com.au
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March 27th, 2010
Your 21st Century Education can go from strength to strengh with the release of Jamie McIntyres new 21st Century Wealth Educator magazine. If the first edition, which was released earlier this month, is an indication of whats to come then you will always have plenty to learn and keep you informed. One of the main articles covers an interview with Richard Branson where he shares seven key lessons for business and life. Not to be outdone Warren Buffett shares his thoughts on being a billionaire.
Of course we are all starting to realise the benefit of a correct mindset, one that is attuned to and focused towards wealth creation and success. Jamie would never leave this area uncovered and who else would he choose to be a part of his first edition but Napolean Hill. The timeless strategies first published over 70 years ago in Think and Grow Rich need constant revisiting and more so now as we dust ourselves off after the worst financial crisis the world has seen.
What you will also learn in the first edition of the new Wealth Educator magazine is reassurance that Australia is still sitting pretty when it comes to wealth creation through property. Jamie explains that Australia is in a solid position and will grow stronger in the future due to our strong trade relationship with China and our ability to cope with population growth. Interest rates are rising but only so we can have steady property growth and not a bubble effect that is difficult or impossible to sustain.
Also in the area of property we learn from Konrad Bobilak, that property investing is not necessarily about property but more about managing the amount of good debt you use to acquire appreciating assets. An interesting fact worth noting in this article is The Pareto Principle, otherwise known as the 80/20 rule, which states that 80% of effects are caused by 20% of causes. This principle has been proven in many different scenarios and in wealth creation it simply means that 80% of your wealth will come from 20% of your investment strategies.
Successful wealth creation in the 21st century will come from being well informed and well educated and Jamie is doing his best to ensure he provides you with the best education possible.
Have a Successful Day
Teresa and the Team at
AustraliaWealth.com.au
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March 23rd, 2010
The following prayer is included in Og Mandino’s book, The Greatest Salesman in the World. What has this got to do with investing? Well in a way we are all sales people in one way or another.
Jamie McIntyre has said that if you learn the skills of sales well enough, if you are honest and work with integrity you have the potential to substantially increase your income a thousand times over. I believe this prayer is versatile enough to carry you through many situations in life. It will certainly assist you to maintain the right mindset for wealth creation. My husband memorised it and could recite it when he needed to, I hope you find something in it for yourself.
The Salesman’s Prayer by Og Mandino
Oh creator of all things, help me. For this day I go out into the world naked & alone, & without your hand to guide me I will wander far from the path, which leads to success & happiness.
I ask not for gold or garments or even opportunities equal to my ability; instead, guide me so that I
may acquire ability equal to my opportunities.
You have taught the lion & the eagle how to hunt & prosper with teeth & claw. Teach me how to hunt with words and prosper with love so that I may be a lion among men & an eagle in the market place.
Help me to remain humble through obstacles & failures; yet hide not from mine eyes the prize that
will come with victory.
Assign me tasks to which others have failed, yet guide me to pluck the seeds of success from their
failures. Confront me with fears that will temper my spirits; yet endow me with courage to laugh at
my misgivings.
Spare me sufficient days to reach my goals; yet help me to live this day as though it be my last.
Guide me in my words that they may bear fruit; yet silence me from gossip that none be maligned.
Discipline me in the habit of trying & trying again; yet show me the way to make use of the law of
averages. Favor me with alertness to recognize opportunity; yet endow me with patience, which will concentrate my strength.
Bathe me in good habits that the bad ones may drown; yet grant me compassion for weakness in
others. Suffer me to know that all things shall pass; yet help me to count my blessings of today.
Expose me to hate so it not be a stranger; yet fill my cup with love to turn strangers into friends.
But all these things be only if thy will. I am a small & a lonely grape clutching the vine yet thou hast
made me different from all others. Verily, there must be a special place for me. Guide me. Help me.
Show me the way.
Let me become all you planned for me when my seed was selected by you to sprout in the vineyard of the world.
Help this humble salesman.
Guide me, God.
Have a Fantastic Day
Teresa and the Team at
AustraliaWealth.com.au
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March 19th, 2010
In our quest to create wealth we sometimes overlook the importance of saving. Saving is the foundation of wealth creation. If you haven’t been a great saver and you are serious about creating wealth than you had better get started.
In order to achieve wealth you have to get into the habit of spending less than you earn. A regular savings plan that transfers a portion of your income straight into a dedicated savings account, before you can touch it, is a great way to ensure you stick to this rule. Working out a budget for the remainder of your income so you will always cover your expenses and have some left to enjoy is another key factor in your wealth creation plan.
An important point to remember is that wealth creation is not about what or how much you earn but how much you spend. There are people I have met with average incomes that are in much better financial positions than others on higher incomes. Be wise, don’t trade a future of financial security with immediate rewards that include far too many unnecessary items.
Again if you are serious about creating wealth you will adopt an attitude that accepts if you can’t afford it – you can’t afford it. A good strategy is to make a promise to yourself never to buy on impulse – go home and sleep on it, you then have time to decide if the item fits in with your plans to be financially free.
One very important rule for accumulating wealth is to avoid bad debt completely, that is no credit cards unless you are disciplined enough to pay the full amount owing every month. It is very easy, as we all know, to fall into credit card debt and can be very difficult to get out of. I am so grateful that two of my now adult children have never owned a credit card and have promised me they never will. My eldest, was old enough for a credit card a bit before debit cards came into use and he has been struggling for five years to get out of holiday credit debt.
Using a debit card that acts like a credit card but utilises your own cash makes much more sense it provides the convenience without the debt. When you do have to buy shop around and wait for sales every dollar you don’t spend has potential to earn you more. Buy in bulk when you can, take your lunch to work, buying second hand will not only save you money but also the environment.
Save in areas that are difficult for you to access such as your super or your mortgage. You do need a level of commitment to stick to a savings plan but imagine the freedom you will feel as you watch the balance grow over the years. Obviously the earlier you start the better and if you have young people in your life teach them. Even a dollar a day saved from a young age until retirement will have made you a millionaire by the time you reach that stage in your life.
Have a Wealth Inspired Day
Teresa and the Team at
AustraliaWealth.com.au
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March 18th, 2010
Believe you can succeed. Believing in yourself generates the power, skill and energy you need to take the action you need to succeed.
Believing you can do it will give you the energy to find how to do it.
Respect and learn from those that have succeeded before you but believe you can achieve and succeed even more.
A person is a product of his thoughts, adjust your themostat for forward motion. Believe big and grow big.
Your thoughts can take you forward or hold you back depending on the words you give power to. Allow negative words like can’t or impossible in and they will gain strength. Take charge only permit words like can and possible and they too will gain strength.
Believe in yourself, believe you can succeed.
Plan for self development and growth. We are never finished making improvements in this life. Plan in the areas you wish to improve and act conscientiously and with commitment.
Be grateful for all you have. Count the blessings in your life, recall your victories and always look for the good.
Realise everyone is important and make others feel that way, you are also important so be good to you.
Always give more than is expected of you.
Encourage others to talk and concentrate on what is being said.
Surround yourself with people who are positive and willing to support and encourage you in your plans for success.
Manage and upgrade your thinking. Upgrading your thinking upgrades your actions and this produces success.
These are a few tips from The Magic of Thinking Big by David J Schwartz Ph.D.
Have a positive day
Teresa and the Team at
AustraliaWealth.com.au
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March 14th, 2010
Every one of us is on a road to somewhere. Most of us are confident that somewhere will be an improvement to where we are now because we are taking steps to get there. Some of us however are frozen or held back by fear and the only cure for fear is action.
That’s easy for me to say, right?
I hear you, I know it is easy to say. I also know overcoming fear can be a difficult, frustrating and drawn out process. I am no stranger to fear, though deep down I know I’m capable of anything something (fear) holds me back in a number of situations. Attempting to identify your fear trigger points can start you on the journey to overcoming your fears.
You want success don’t you? Yes, of course you do. Well then let’s take a look at some fear inducing circumstances and some action steps for resolving them.
- Appearance – Feeling embarrassed or self conscious because of your appearance can be enough to hold people back by not speaking up, keeping to yourself or as a contributing factor to shyness. Action Step: Look at ways you can improve how you feel about yourself for example begin an exercise program, even walking can lift your spirits, go to the hairdresser, a new hairstyle can make a big difference, give yourself a facial, any improvement you can make to your grooming is bound to make you feel better. Also remember a lot of our negative feelings, about our appearance, we have created so try some positive thoughts about yourself.
- Fear of what you can’t control – Control over ourselves our action and behaviour is really the only kind of control we should be concerned with. Action Step: I taught the following prayer to my son when he was young as he often worried about many things and was prone to whinging and stressed behaviour, now he is any adult and a very calm and peaceful young man.
God give me the Serenity to accept the things I cannot change, Courage to change the things I can and the Wisdom to know the difference.
Try it, it can’t hurt.
- Fear of what others may say or think – People do talk, but it is true they usually find more time to talk about themselves. Those that talk about others in a negative way are usually doing so to make themselves feel better. Action Step: Make sure you are doing what is right. Great achievers have been critisised the world over, thankfully they didn’t let that stop them. If you have goals you want to achieve find out what you need to do to achieve them, make a plan, and follow it.
- Fear of failure – This could be one of the biggest. We really don’t know what we can do without first trying. We may not win the race, we may not become a millionaire, we may not achieve everything we want in life. As long as we ran the race, or made some money, or achieved some of what we wanted, as long as we gave our best we have not failed. Solution Step: Use your fear to drive you, you have not failed as long as you are still working on it. People are capable of overcoming the most enormous obstacles, if it’s what you want, if it will benefit others, if you have considered it carefully then don’t give up.
Have an Amazing Day
Teresa and the Team at
AustraliaWealth.com.au
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