Posts Tagged ‘wealth coach’

More Time, More Money

Saturday, December 12th, 2009

Who thinks this year has just flown past? I know from talking to family and friends that I’m not the only one that seems overwhelmed at how quickly the days go by. One thing we can be sure of in life is that things change and the things that we take for granted today may not be there tomorrow. Maybe it’s time to  consider making some changes to the way we spend our time and how much of it we spend on work and surviving rather than living. 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 we can’t walk out on our jobs, even if we don’t really like them, we have family and financial obligations but learning ways to improve our circumstances can still be considered. I know there are other people like me who want the time and the money to do the things they love and be with the people they love, all they need are opportunities they can trust and a variety of ways to go about achieving it. People like me who whether young, old or somewhere in between are prepared to step out of their daily routines and do what it takes, because if you want it you can have it, as long as you don’t give up.

Wealth Seminars are a great way to learn new methods that will increase your income and decease the time you need to make it. Sound to good to be true? Well in some cases it is, there are plenty of scams going around, I know because I’ve fallen for a few of them. You don’t have to let that stop you though, it need only warn you to be careful, it is worth  going out and looking for successful people willing to share honest and valuable skills and techniques to get you headed towards a better lifestyle, Seminars can help you 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. Deciding to get an education that will give you methods for a sound financial future might be just what you need to achieve some freedom and security in you life.

So next time your feeling unhappy about your job or not having enough time or money consider doing some research and look for an honest and genuine wealth coach or mentor. Coaches and mentors may come in the form of books, homestudy programs or seminars and cover areas like personal development, buying property, building a business or investing in the share market. Just don’t feel discouraged or trapped in your current situation if your not completely happy, there are methods and strategies that can make a positive difference to your life.

Power Thought

I dream, I believe. I take positive action

Remember this thought daily.

Have an awesome day

Teresa and the team at

AustraliaWealth.com.au

How do You Handle Your Money?

Sunday, November 29th, 2009

Where do you sit with your money management skills?

Managing your money is the first step in wealth creation and it is the beginning of the financial planning process that will take you there. The 21st Century Academy uses a strategy called strategic spending it involves being aware of your spending and operating your personal finance as if you were a business. You must make a profit when you earn in other words you must save some of your money.

A Poor Money Manager

  • Spends all their pay immediately
  • Must have it now, no matter how it hurts or how much credit they must use
  • Has no goals or plans other than to be rich and famous  – ‘one day’
  • Follows the crowd and their friends
  • Mixes with people who have similar money problems
  • Hopes their next pay rise will solve their money problems
  • Believes they don’t need advice
  • Has no interest in gaining financial knowledge
  • Spends on items which lose value, eg cars, stereos etc.

A Good Money Manager

  • Saves a minimum of 10% out of every pay
  • minimises borrowing for items which depreciate in value
  • has definate goals, eg 6-12 months, 5,10 and 20 years
  • has a plan that they actually implement
  • mixes with people who are successful money managers
  • knows that strategic planning is a must
  • seeks professional advice and has a wealth coach
  • is keen to learn new things and ideas about managing money
  • invests in items which gain in value by quality

The idea is to divide your income into small easily controlled bundles, there are four:-

  1. Savings – The first bundle to come out of your income is savings, a minimum of 10% of your gross pay. This is transferred to your Cash Management Trust Account at the end of each month. Always do this before any other expenses are paid – if you don’t you will most likely use it for something.
  2. Cash Account – This is for your daily living expenses for which you normally pay cash, a bit like your pocket money. These are all non deductible items. Use this account with a access keycard.
  3. Operations Account – Use this for the bills that come in monthly, quarterly or yearly. Do not link it to your cash account. You can use it with a credit card if your expenses are larger that the budgeted amount. Then the following month you can pay back the credit card.
  4. Cash Management Trust – This is where your savings go plus enough funds to cover any tax deductible expenses for easier tax records.

photo_9160_20091029The system is linked by a transfer account which recieves your pay and transfers to each of the other accounts on the 15th of each month. Maintain a small float in the Cash Account and Operations Account. The main aim is to accumulate as much as possible in the Cash management Trust and use these funds wisely to create wealth.

The earlier or younger you get started on this program the greater will be your success.

Power Thought

My success begins with me.

Tell yourself this often.

Cheers

Teresa and the Team at

AustraliaWealth.com.au

Reference

Jamie McIntyre: 21st Century Academy Home Study program

Photo

Michelle Meiklejohn:

http://www.freedigitalphotos.net/images/view_photog.php?photogid=901