At my last post I’ve mentioned that waiting for retirement money to enjoy or do what you want is not the best option as anything can go wrong.
What must you do? What suggestions or actions are available for you? You don’t want to do nothing and add to the already over extended wealth fare and you also don’t want to sit in a old age home without any capital to enjoy.
I will explain what I’m doing, maybe it rings a bell or you like my strategy. I must warn though that it might not work for you as everyone’s circumstances are different and I cannot promise that even for myself, my option will work. Things might change totally in the world as we know it and I will have to adapt my strategy.
I’ve created a Investment Trust and will do all my long term investments in this trust. I’ve also created a Family Trust where all our debt free items will be held. Although a Trust get taxed in my country by 40% from day one, I can use the trust in a good enough way to not pay too much tax. The main aim for me is to have a vehicle that will go on the day I want to retire or worse, I died. My family can just go on, the Trust didn’t died, I did and they can go on with the business without estate duty taxes that can pull the investments to a halt.
So what type of businesses do I build. I’m using vehicles that can give me passive income. I like property, but am also busy to build a web base business. This two vehicles should carry me forward. While lots of people’s retirement funds were wiped out by the crash we just experienced on the stock market, rental income get paid every month, even if you have to lower your rent to help your tenant, you will still have a income. It is better to help a known person and take a bit less than to sit with a unknown person in your house that might default on payments. To give is so much more rewarding than to receive. Same with your website, give as much as possible, the receiving part will follow at some point.
Now is the time where people look around and see how to create a extra income or even a new way of income as they might have lost everything. I’m feeling very sorry for people that lost things because the were badly advised and not because they over extend themselves because of greed. This is the type of people I would like to help.
Well hope this bit of insight helped and see you soon
Till next time, stay well
Tags: investments, retirement
While talking to people working up to 17 hours a day, I always get the following answer:
“I will do this and that when I retire, now I’m working to make sure I have enough money set aside”
Is this really quality of life? Does anyone actually care how much you have one day? Is it not better to take care of the people around you and off course yourself, in the NOW moment, rather than the future? Do you know what the future hold?
I’ve just got off the phone talking to a friend of mine in Australia. He told me of a person I’ve met in East Africa that have a terminal illness, he worked for his retirement, but can’t enjoy it now. What a shock it was for me. My friend and I both decided about the same time, we need to start living for the moment and not for the future. It does not mean that you must live as if there is no tomorrow; it means that you need to live a quality lifestyle. Take care of yourself and your love ones.
This brings me to the point of work for money or let your money work for you. Build a surplus and start investing this in the right vehicles that can turn into passive income. Better even if it can give immediate income and not in the future. If you do your calculations, get rid of all the clutter in your life, you might even have a nice surplus without you even knowing it.
Why don’t you do a audit of what you have. Do you really need everything, especially those things that’s not paid for yet. Why not driving an older car, live in a different neighbourhood to live in a cheaper house and stop all the junk food. This will keep you healthy, and give you that needed surplus for your investment.
Well I’m off, almost time to get my kid at school, they have a mid-term break. I enjoy the freedom I have, not working as a slave for a company, not able to enjoy my family and my kids school life.
That’s my thought for today, till next time, stay well
Tags: enough money, retirement, surplus funds
It’s with amazement that I sometimes see how people gather as much as they can hold, and even more. The other day I saw a lady at the green grocer with stacks of strawberries, it was on a special, and it made me think that when will people realize that nothing is really on a special. It might sound cheap, it might even be at a cheaper prize than normal, but it is still at a prize where the seller makes more than he paid for the product. In this case, it might be that he got the strawberries cheaper from the supplier.
We as humans get tricked very quickly because we are trained to listen to the marketing campaigns, it is aimed on our inner fear that we will not have enough. Is that not why so many people get into financial trouble? How will you determine when you have enough?
I thought the following few steps might be of some help:
1. Food:
a. Do you have at least 2 meals a day
b. Do you have fresh vegetables or fruit
c. Can you prepare a meal when you are hungry without having to go to the shop?
2. Transport:
a. Do you have access to public transport
b. Do you have a reliable car
3. Housing:
a. Do you own your house and is it almost paid for
b. Do you rent at a affordable price
If you can say yes to most of the questions, then maybe you have enough and do not need to buy a new, bigger house or car. You might not need to eat all the luxuries that get advertized on a daily base. Be happy with what you have. Only if you have surplus funds, upgrade you lifestyle if you really feel it is necessary.
Don’t you think instead of spending a fortune on a big house, you can rather stay in a smaller house and use the surplus to buy another smaller house to rent it out, then build a passive income instead of you spending this money on something that sounds good to have?
Well that’s my thought for today, till next time, stay well and have fun
Tags: enough money, passive income
While watching my wife busy with “spring cleaning” as we call it, I was thinking of the thousands of people loosing not only their jobs, but also their life’s possessions. Everything they worked for.
As my wife was washing the curtains, move all the furniture around, wash the windows, one room at a time, it makes me think if this also needs to be done in your own life. Personally I think its necessary, get rid of all the clutter that fills your life. Take a audit of your life, are you happy at the result?
Look at the job you are doing, is this what you really wants to do, or just a comfortable way to earn a living? Is this where you want to be when you reach retirement? So many people now will be forced to make a change. Do you want to wait for a moment like this, or do it at your own time and speed?
I will suggest to take a life audit every 2 to 3 years. Are you still on track ? I mentioned at a earlier blog about John Strelecky. (www.whycafe.com) and his book, “ why are you here café” Hope you had a look at his site. Did you decide what will be the 5 things you still wants to do before you move on?
One of my “big5 for life” is to backpack on a bike (Harley) through South Africa. Just enjoy the nature, sleep where I want, when I want. I cannot do this while stuck in a work environment where I work like a slave. My time is not mine, I need to work to pay the bills.
Sorry if I sound skeptical, but times like this where I know of people that got the bad side of a reshuffle in companies, people that gave their all, but because of a economic meltdown needs to look for employment again, then its time to start teaching people that working for money is maybe not the way. Get into a position where your money works for you. Get a immediate income, not a possibility in the future. Your retirement plan might not be worth much the day you need it.
Well that’s it for now, till next time, stay well
After all the financial turmoil, does any of the advise still makes sense? Why do you think all this happened? A quick answer will probably be “ greed” but this will not be a nice answer, because people don’t want to hear the truth in a straight forward answer, they like it to sound good, not harsh. If you over extend yourself, then the learning process is hard, it might even lead to loosing possessions that you’ve paid way to much for in the first place. Only because others had it, you also “needed” it. But it is on the end not all your mistake. The media and marketing campaigns are all against you. They make sure you want to buy, and buy a lot. The banks wants you to buy on credit, then they can get hold of you and keep you, as paying off your debt is not part of the game. They will extend your debt till they have you woven yourself in your own prison. You then become a slave of yourself, you have to work just to pay off the debt.
Well, now is the time to concentrate on your 5 year plan. How can the extra income from your website help your overall strategy.
I can only talk for myself, but this is what I’m doing.
· I need a certain amount per month for expenses, the rest is surplus. (income – expenses = surplus)
· Surplus is fed into a long term account. If you remember my 3 bucket methods,
o Invest in fast growing portfolio (growth)
o Invest in long term, safe portfolio (security and debt free)
o Your living expenses. (your life)
· From this account I feed my 3 buckets. Although at this stage I’m still building surplus funds and keep all this in my safe account. This helps with financial turmoil’s like we currently experience.
· My overall plan is to feed my living expenses and fast growing investments also from my income that should be fed from passive income. I do not want to work for money, but have money work for me.
Well I hope you as my reader, did not over extend yourself and can sit back and see how the investment possibilities are stacking up. Now is the time to do your calculations and not just buy because of greed and the possibility of a big capital gain. If you are not in control of your investment, be careful.
Remember the saying, Cash is King. Big companies are going down because of a lack of cash flow.
That’s it for now, till next time, stay well
Tags: cash, crisis, financial crash
To receive money on the internet is actually very easy, even if you do not have a merchant account. You can join sites like Paypal, or many others, although Paypal is probably the easiest and straight forward.
If you want, just click on the link below and start accepting credit card payments instantly. Paypal is the fastest way to open your doors to millions of members worldwide. Just think of the convenience!
It sometimes blows your mind away if you think of the size of your market. Its just enormous. If you think of the normal shop around the corner, they only have the people around them, but to have a shop on the net, well you can have customers from all over the world.
How do I pay?
I use Paypal for almost all my payments. Its very secure, once you’ve confirmed your banking details. They send you a statement with a confirmation number build into the heading, if I remember correctly, then you just take that number and confirm it while you are logged in. As easy as that.
For some sites, its easier to pay with my credit card, like website hosting payments, its like 123 and its done. I know godaddy also except Paypal, and I’ve actually used my Paypal account registering my domain name.
Well its as easy as this, no excuse not to start. I was a bit worried that I will have a problem accepting money in South Africa from abroad, but my bank confirmed that I can pay my dollar checks into my South African Rand account, at a fee, but I will get my money.
Great, that’s it for now, enjoy the ride
Till next time, stay well
OK fare enough, we will need some finance to start. I can’t talk for everyone, but for me the easiest way was to use my credit card. I have to add that I’m using it very responsible and don’t allow my debt to get out of control.
To get finance can be a headache when you really need it. The easy way is to get a charge card. Almost all the big names in shopping, even the shopping malls lure you to take a card from them. The difficult part is to use it responsible.
If you have a few cards, you have access to quick and easy cash, when you need it. No need to go to your bank and try and borrow cash. Just the thinking of all the explanation and forms make me thinking twice.
Once you have your cards, you can easy pay for all the registrations and even web design if needed.
Well there is more ways to get credit. It will be well worth your while to search a bit if you are already over your limit on your cards or just want to avoid to have too much credit on hand.
Searching a bit on the internet for easy funding, I’ve stumbled on the following site where you can easily learn how to get finance from more than just the bank or the other known entities.
Maybe you are interested in the following:
- Obtain Money To Buy That New Computer
- Get Cash To Pay For Your Next Business Seminar or Training
- Secure Funds In Order To Get Caught Up On Your Business Expenses
- Get A Commercial Loan for Your Real Estate Deal
- Fund That Expansion Project That You’ve Been Putting Off
Then it might be worth while to have a look at what you can gain out of this report.
Click Here!
That’s it for now
Till next time, stay well
PS. To get credit is easy, to use credit wisely takes responsibility. Don’t blame anyone if you over spend. To become wealthy, you need to take responsibility for all your actions.
Tags: credit cards, Finance
As a seasoned surfer you probably already know what products are available on the web, but I’m going to touch a few.
• Information products.
o Most probably the most popular one among the internet crowd. You don’t need any stock, not even your own product. This creates income over and over, even for years to come.
• Software Products.
o You can have a FTP download and/or you can ship your product
• Drop and Ship products.
o There is a couple of companies, look at this one: worldwidebrands.com
My suggestion is, sign up for a affiliate, start with marketing of there product, then practice till you get the hang of it. Create your own product, maybe a downloadable in your Niche, then start selling this with your affiliates and share profit. This in my eyes will be the easiest way to start.
Maybe you won’t reach the 6 or 7 figure incomes that gets claimed on the net, but it will create a steady source of oncome.
Maybe time to remind you of your goal, this business is just the vehicle to create a surplus.
Go back to your investment strategy and focus on the outcome.
That’s it for now,
Till next time, stay well
Tags: drop and ship, FTP, information products
1. Domain registration
2. Blog
3. Website
4. Affiliate
As you can get a URL as part of a Blogsite like Google or others, best practise is to register your own domain name. This will not crack your budget. There is plenty of very good registers out there, have a look at Go Daddy.
I’m using them, it’s a very easy and convenient way to register, but I’ve found this site where you can find comparisons, go to http://www.yestohosting.com/
For Blog software I would suggest to use Wordpress. You can find them on www. Wordpress.org. You can even lock a support call and tey can help you load the software on your server. Most service providers have Fantastico as part of the package, with this you can load wordpress in seconds, and I’m not joking.
For training on Blogs, go to Yaro’s site at www.becomeablogger.com
For website creating software, I’ve used Frontpage from Microsoft. Very easy to use with a bit of practice, you can create a outstanding site. This will give yoy a static site, you will need to FTP your files over to the site for updates. It might be a bit technical for the beginners.
Join affiliate programs. I will suggest you go to Rosland Gardner’s site. She is a super affiliate and have written a magnificent book on affiliate marketing. To learn exactly how she does it, I HIGHLY RECOMMEND that you have a look at the site, for your convenience, I’ve added a link below.
Read the amazing true story of how one woman, with no previous business experience, earned $436,797+ in 2002 and now earns MUCH MORE than that … just by selling other people’s stuff online!
In her down-to-earth, sincere and often humorous style, Rosalind Gardner guides you through the entire process of building an affiliate marketing business on the ‘Net.
Frequently revised and updated to reflect industry changes, the Super Affiliate Handbook now consists of 236 pages and 124 screenshots that will show you step-by-step how to become a Super Affiliate. You’ll learn how to pick the best affiliate programs, negotiate a commission raise and save time, money and effort on everything from affiliate software to web hosting.
To learn exactly how she does it, Click Here.
That’s it for now
Till next time, stay well
PS. It’s not what we do that determine our success, but the way we do it. Take action.
Now that I’ve explained the advantages of the internet, you need to decide how you will do this.
I’m going to explain briefly the following:
• Full time or Part time
• Blogs
• Affiliate marketing
• E-bay and others
If you are currently employed, I would suggest you start part time till you get the hang of it. I’ve started this way, but have moved to a full time Blogger.
Blogs are most definitely the easiest way to start. No need to know any of the HTML stuff, no need to know how to write a program or use any web design software, you can get a blog up in minutes. If you are interested in more info, pls go to Yaro’s blog training site, I’ve added a link for your convenience.
becomeablogger.com
It’s so easy, even I could do it.
Now join some affiliate programs and start marketing. Remember you are a sales consultant that works on commission. If this sounds to much, it might not be for you. The better you get at funneling people and create a urge for buying, then you pass them to the sales site. You get your commission for doing just that.
E-bay, a lot of info on the net. Alternatively you can visit e-bay’s site and get all info needed. Then decide if this is what you want to do. The convenience for shoppers to sit at home to shop, get more and more the thing to do, therefore this might be a good option to get into the action. Suppliers makes it very easy for you to market.
Well that’s it for now
Till next time, stay well
