Posts Tagged ‘investing’

Planning For Your Families Future

Monday, March 1st, 2010

It’s something most of us want to do, but not many of us manage to do in the best way possible. Setting up our estate and making a will is as much a part of financial planning as funding your retirement, investing your savings and building a portfolio.

It’s important to have your estate in order so that everything you are working hard to achieve in your life is handled the way you want. Here are a few tips to make sure that your wishes are clear when you are not around to explain for yourself.

Someone other than yourself needs to know where it is. Make sure your executors and at least one beneficiary know where your will is stored. If no one knows where your will is it’s the same as not having one.

Keep your will up to date. Review your will when circumstances change, births, deaths, marriages, divorce, buying or selling assets, setting up family trusts or taking out a major loan will all impact upon the nature of your will and the allocation of your assets.

Make your wishes clear and specific. If your intentions are not clear – if they can be interpreted in more than one way – you’re leaving your estate open to dispute. It can happen easily so be sure to get your will drafted by a professional.

Make sure any changes you make are done professionally. Don’t make changes on notes or rewrite an informal will, they can cause confusion and delays.

Don’t use beneficiaries as witnesses. Using a beneficiary or their spouse as a witness could mean any gift to them is invalid and they will not be entitled to any part of your estate.

Choose your executors carefully. Avoid appointing someone as an executor who might have a conflict of interest, such as a business partner, older people or people who might not be capable because of a lack of experience or knowledge in financial matters or because of time or business pressures.

Preparing your estate and making your will is an essential part of your financial plan don’t leave it until it’s too late and be sure to get professional advice.

Reference

McIntyre, J 2001, What I Didn’t Learn at School But Wish I Had.

Have an Amazing Day

Teresa and the Team at

AustraliaWealth.com.au

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He’s a millionaire, how about you?

Saturday, December 19th, 2009

Jamie McIntyre, a self made millionaire, is the author of “What I Didn’t Learn in School but Wish I Had”, a guide to succeeding in the 21st Century. He believes that if you want to excel, lead a balanced and financially secure life, you need to learn strategies that are going to work in the 21st Century.

The old way of doing things just doesn’t do it any more.
But, what is the old way of doing things? That depends on when you grew up but for fo r me, I had it drummed into my head, ‘Go to school, study hard, get good grades, get a good job and you will be successful.

’ What did that mean exactly?

 That you could buy a house, put food on the table, holiday every year, drive a good car, send your kids to good schools, spend quality stress free time with your family, enjoy your job.
For some of us I’m sure all that might be true but for most of us, it just didn’t work out that way. Even those of us that got the good jobs, would have mostly had to sacrifice family or leisure time. The repercussions of that are far reaching.

Jamie walked a road in his young life that first lead to success and then to complete and utter failure. Broke, in debt and sleeping on a friends’ couch, Jamie eventually realized he had to take a good hard look at himself and what he had been doing and make some changes.

Jamie looked for ways to do things that worked in the society we live in now, he studied other successful people and the strategies they had in place that were working in the 21st Century. What he learnt has led him on a journey where he knows in order for him to be successful the best thing for him to do is help other people become successful also.

The result of Jamie’s research and studies provides information, training, seminars and home study programmes that guide and educate everyday people with skills and strategies needed to excel in today’s world. Information includes latest share market and property strategies that have so far assisted thousands of people to replace there regular time for money incomes. It teaches people the skills they need to develop profitable passive incomes from the huge potential available through internet businesses and marketing.

Jamie McIntyre is an inspiration of hope to many, up until recently he has focused on helping people get out of debt and redirecting their resources to become financially secure and productive individuals able to make positive contributions in society. Many people have joined him on his amazing journey he continues to grow and expand his academy with recent additions in the areas of goal setting, women’s seminars as well as health, spirituality and well-being.

Have a great day

Teresa and the Team at

AustraliaWealth.com.au

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Money I Will or Money I Won’t

Monday, November 23rd, 2009

What do you think about money?nati-forti

How you feel about making money or being financially successful will have a lot to do with the results you end up with when investing. Whether you use the property market , the share market or a business how successful you are at wealth creation and maintenance will be a reflection of what you believe.

The three wealth creation avenues mentioned above are all capable of making millionaires, you can study how to do it and get it right, but without the right mindset you will sabotage yourself somehow.

John Burley author of  Money Secrets of the Rich, stated, ‘Your belief system is actually the single biggest factor (the vital prerequisite) to your wealth creation capabilities’, (2000 p 267). Let’s look briefly at some of the reasons why we may sabotage our journey on the road to success.

Belief

Some of your beliefs systems around money are negative and the best thing you can do is to become aware of them. Most people tell themselves that money isn’t important but the truth is, in this society, we can’t do a whole lot without it and that makes it very important. Attach some positive ideas to money like the ability to pay all your bills before they’re due, start a charity or set up a scholarship fund.

Fear

It’s amazing that we crave success so much and yet just as things are looking good something we do or don’t do turns everything around again.  How many times have we heard the amusing expression ‘ Missed by that much’. It rings so true and it really isn’t funny but something inside has switched on and a fear or belief is telling you, you can’t go any further. Fear of success or failure, fear of what others will think, all your limiting thoughts can be overcome, acknowledge your fear but go forward anyway.

Inaction

It’s true that opportunities don’t come knocking on our door we have to go out and find them. Still many of us make excuses why we can’t move forward but the basic truth is it makes us feel uncomfortable. In order to grow and change we have to take action and step out of our comfort zone.

Realise you are stronger than you think. When you know you should do something but find yourself making excuses, change your thought pattern. Reject your old limiting beliefs. Start telling yourself things like, ‘I can do this’, ‘this won’t take long’ or ‘I’ll take one step at a time.

It is possible to change your life and your beliefs it’s all up to you.

Power Thought

I am powerful, success is mine.

Repeat this to yourself regularly, especially when you have a goal to achieve.

Cheers

Teresa and the Team at

AustraliaWealth.com.au

Photo

Danilo Rizzuti: http://www.freedigitalphotos.net/images/photos/nati-forti.jpg

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