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Steps to Freedom
A Blueprint for Achieving Wealth, Health, and Happiness
by Noel Swanson
This book is copyright (c) 2004 by Noel Swanson. All rights reserved. However, you are encouraged to pass this on to your friends - in fact you can even make money by doing so (click here to find out how) - provided you do not change the text in any way (apart from your affiliate links, of course).
Published by Allegretto ltd. 8 Westborn Road, Fareham, PO16 7DH, UK www.7stepstofreedom..com
Table of Contents
Intro - Just 7 Steps to Your Dreams Step 1 - What do you Want? Step 2 - What is Important? Step 3 - Passion, and Maths Step 4 - Stop the Bleeding Step 5 - Your Plan for Security Step 5 cont - Live for Success! Step 6 - Your Plan for Comfort Step 7 - Your Plan for Prosperity Step 7cont - More Paths to Wealth Step 8 - The End and the Beginning How to Make Money from this Book 3 6 11 15 21 37 44 47 61 73 79 83
Intro - Just 7 Steps to Your Dreams
his is a book about Freedom. How to get it, and how to keep it.
If you stick with me and work through this book deliberately and diligently, you will be well on your way to achieving everything you ever wanted from life. So what do I mean by "Freedom"?
freedom is having the time, ability, and opportunity to do the things that I want to do in life It is about enjoying life to the full. About extracting every second's worth of life out of every minute lived. About being able, on one's death bed, to be pleased with a race well run, a life well led with no regrets. Is it about money? Yes, money is a part of it. It is hard to be free if you are broke. But money is not everything - there are plenty of rich men and women who are as miserable as sin. They are hardly free. In my book, freedom includes having enough money to do the things you love to do - yet without letting money become your master. Is it about love? Yes, because life is about passion, and about emotions. Without both of these we are as un-free as a robot. But love can also be a prison, and so Freedom is about learning how to enjoy your emotions, your passions and, yes, your loves in a way that brings liberty and life to all parties - whether they be your lovers, your children, your family or your friends. Is it about time? Of course! Every one of us has only 24 hours in a day, 7 days in a week, 52 weeks in a year, and maybe 80 or 90 years in a lifetime. How will you spend those precious moments? Because, once spent, they can never be regained. For 95% of the worlds population their time is effectively controlled by other people and other demands - every moment of the day is soaked up by the ever-present need to earn enough to pay the bills, to clean the house, to look after the children, to satisfy the partner or spouse, and to keep the in-laws at bay. That is not freedom!
7 Steps to Freedom by Noel Swanson
For me, freedom is about being in charge of my own time: choosing if and when I will work, when and where I will go kayaking, skiing, scuba diving, or oil-painting. Having time to sit and drink wine with my friends, take walks through the beautiful countryside of England and Canada, or sit on the beach and watch the Caribbean sunset. Is it about pure, simple, care-free hedonism, with no concern for the needs or wants of others? No! Simply seeking after the pleasure of the moment, like taking drugs, leads inevitably to an empty and shallow life. Yes, it is fun for the moment - but the regrets will surely follow as night follows day. Is it about manipulating and controlling others? I hope not! You know, what you will learn through this book, and through the recommended reading is so powerful that you could, if you chose, use it to do just that. But then that is the danger of powerful tools a sharp knife can both slice the ropes and knots that bind you - and slay your best friend, your lover, or your enemy. In my mind, true freedom comes when you honor and respect others, not when you control them. I hope that you will use what you learn in that spirit. But, in the end, that must be your own choice - for that is what freedom grants you: the ability to make your own choices about your own life. The Keys to the Dungeon My Friend, you are about to embark on a most amazing adventure. Your life will never ever be the same again. Why not? Because, today, you have been handed the keys to your dungeon. You may choose never to use them. In that case, your life will continue as it always has done - with one difference: You will always know that it was your own choice to stay in that dungeon. Perhaps you have good reasons, so you thin, for why you wish to remain there. Perhaps you just don't believe it could be any different. Either way, if you never put the keys in the lock, if you never turn them, you will always wonder what it might have been like... Your other choice is, of course, to open the doors and walk through them, a free man or woman. Now, at this point I do have to issue a warning! This book is your key. But it is not a magic wand! You will learn that there are immutable laws at work in the universe. You will learn to use these laws to your advantage, and you will be amazed at the changes in your life that they bring.
You will have to work at them if you are to successfully open them I will show you what to do. and emotionally free. your poverty. How to maximise your use of time How to remove the clutter from your life All this. your spouse. (Just click here and you will be taken right there. it is not your boss.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. you will find tasks set for you. that you have sufficient financial resources that you can -5- . Oh. and much more. Why? Because. one more thing. you will learn how to think! Because. Go on. Here is what will you learn through the coming weeks and months: How to set yourself free financially How to eradicate guilt and dependency from your personal relationships. the blueprint for a better life. as you shall discover.) So I will use wealth as our prime goal. Okay. And I will use the term "retiring" as meaning the same as "financially free" . do it this is your first task! Then punch some holes in it and put it into a ring binder so that you don't lose any pages. Did you do that? No? How are you going to progress if you don't even take the first simple step? Print it out now. Here is what I want you to do: Go over to the chapter on "How to Make Money from this Book" and follow the instructions. But you are the one that has to do it! And so. Why not start with a simple little project that will sow the seeds of your financial freedom down the road.) Then go to the Table of Contents and start on Step One. It will take you about 10 minutes to complete. Do them! This book is not light bedtime reading: it is a workbook. The lock on your dungeon is rusty and difficult to turn. I will talk much about "retiring" and "building wealth". the first is usually the most obvious (although probably not as important as the second. for most people. the two biggest hurdles they face are about becoming financially free. lets get started. It is your own mind. or your disabilities that keep you enslaved. and will cost you not one penny. The door is stiff and heavy. In the following chapters. So where do we start? Well. And of these. But above all. I'll tell you what.i. For that reason I strongly suggest that you print out this entire book now.e. as you work through this book.
Just follow the instructions and you will get there. "Retiring" does not have to mean you never work again . Great! As long as that is your choice and not a necessity. The principles will apply in exactly the same way. But perhaps you have different priorities and goals in life? No matter.7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work.you may like your career and want to continue in it. See you on the other side! Noel Swanson -6- .
you would cut your hours. only to repeat the same exercise day after day. trade eight or more of the best hours of your day for a pathetic amount of money. go in to work. In contrast. Of not being able to feed yourself and your family. You are afraid. expenses and luxuries.most of them are based on either a “wish” or an “ought”: “I wish I could lose some weight” “ I wish I could stop smoking” “I really ought to get more exercise” “I really ought to eat more healthily” And so on. So why do you do it? Let me tell you why: FEAR . Of having your house repossessed. and then come home worn out. Of not having clothes to wear.except you have no money. Of being ridiculed and pitied by your friends.Step 1 . let me ask you why it is that you. On the other -7- . If that is not true. That’s right. And at the end of it. and 95% of the adult population. doing a job that causes you stress and worry. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years. get up in the morning. perhaps ill. no? So there is a lesson to be learnt here: Fear is sufficient motivation to keep you doing something you would rather not do year after year after year. with free time to do what you want . So now you are old.What do you want? W hy is it that most New Year’s resolutions barely make it through to the end of January? The reason is quite simple . for forty years? This is often known as the 40/40 plan . Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. would you still work at the same job for the same number of hours? I am willing to bet that the day you could afford to.40 hours a week for 40 years. then why do you do it? Because you love the job? Let me ask you again: if you had enough money to pay all your bills. Of being destitute and dependent on a state pension when you are old and frail. neighbours and relatives.
and so entrenched in your very being. and 2) A reason why. Henry Ford but it best when he said “Whether you say you can. too thin. you are correct”. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. come what may”. can we agree that becoming financially free is a worthwhile goal? In a later Step we will talk in detail about how you are going to make your money. Those just won’t cut it when the going gets tough.7 Steps to Freedom by Noel Swanson hand. too clever. the wrong sex. “If only I didn’t have to go to work every day”. They must win. There is another aspect to this. -8- . Once your focus is clear. if you like.just like when you don’t feel like going to the gym. it is extremely unlikely that it will be through your current job or employment. too fat. Instead of “I can’t”. or over the excuses. Step 1 So. If you are starting a part-time business alongside your full time employment you will probably have to give up some of your free time in the evenings. since money is such a big issue for most people. safe to say. At times you won’t feel like doing it . Now. So if you are to stick to your wealth building plan you are going to need something more than just a vague wish like “I wish I had some more money”. or staying on your diet. You will have to make some sacrifices.8 years. Most likely you are going to have to start some kind of new venture. that they start to shape the way you see the world. If you are serious about becoming free in the next 2 . What makes them train and practice so hard. then your mind starts to look for ways around. all the excuses start to fall away. and you set out to get it. It is a deep seated passion . Take a world class athlete like golfer Tiger Woods. you too need that passion. These need to be so powerful. under. There will be set backs on the way. in your soul. Things don’t always go as planned. So what do you need? You need two things: 1) A clear goal. Once you know what it is you really. you start to find the reasons why you can. too stupid. the wrong education. too old. really want. or 5-times Olympic gold medalist Steven Redgrave. And that passion drives them on when others would give up. day in and day out? It certainly isn’t the money.both for their chosen sport. and so on. once there is an iron-fast conviction in your soul that says “that’s where I am headed. and also for winning. making serious money takes commitment and perseverence. or you say you can’t. But. a wish or an ought is not enough to keep you going for even a month. But once you have decided.
Who would you listen to? Remember I said that you would need to do some work? Well.nor how big or small your goal is.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. the lack of a clear goal. it probably won’t happen unless there is that passion. and the lack of passion for that goal are the top of the list. Before you go any further in looking at various business opportunities and ventures it is crucial that you really nail down your own personal reasons why. getting fit. meeting more friends. 2) Why did you pick that one priority? -9- . Of all the reasons why people fail to make it in their new venture. This is of vital importance. getting married. not just your finances. What matters is that it is yours. (however you might define success). you will find a strong and powerful passion that has driven them onwards. “Why not just get on with making the money?” So why is it that these people are broke. and still interested in learning the secrets of wealth and freedom. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. and it matters to you. It is this step that many people will skip over. Whether it is losing weight. for everyone who has made a real success of life. if you are still with me. haven't you?): 1) What is your number one priority for starting a new venture? Common reasons include: Extra Income Financial Freedom Having your own business More spare time Personal development Helping others Meeting new people Retirement Leave a legacy It does not matter what your priority is . stopping smoking. or starting any new venture or adventure. “What’s the point?”. they would say. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. On the other hand. those goals and dreams first.
Spend some time thinking and dreaming about this . of course).where will you be. Avoid negatives .g. that’s enough for this week . the more vivid.you have some work to be getting on with! -10- . it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow.”) Do not miss out this exercise . this is essential if you are serious about unlocking the doors to your dungeon. with the mortgage fully paid off. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here .and then right down your answers in as much detail as you can. the more real your description. and has invaluable lessons (provided you do them. go to onto the internet and get yourself The Midas Secrets package. look at what you will be doing instead (e.it really is vital.you will want to be doing this everyday of your life until you reach those goals. Sounds crazy. the greater chances of success. Done that? Okay. I strongly encourage you to start to do so also. The more detailed.don’t look at what you won’t be doing (e. In fact. As a first step. “I won’t be living in this dump”). It is only a small investment in your future.g. In fact.7 Steps to Freedom by Noel Swanson 3) Why is that important to you? Step 1 4) What are the consequences of not having that 5) Why would that worry you? 6) Now look ahead 5 and 10 years. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. “I will be in a 4-bed detached cottage in the countryside. This is why successful people are constantly reading and listening to motivational books and tapes. what will you be doing. What do you want for yourself then . what will you own? Be as specific and detailed as you can.
Isn’t it time to do something different? -11- . if you always do what you’ve always done. Step 1 Remember. and the grit and determination to reach those goals. you’ll always get what you’ve always got.7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset.
but that does not mean the task is important to you .you have made a crucial first step to achieving them.although the friendship might be) At the same time. such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them. Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People.well. Classed in this are things such as: < eating < paying the mortgage (or you will be repossessed) < earning money < paying bills < keeping fit and healthy < seeing your long-standing friends < having the car serviced (regular maintenance saves you money in the long run) Whereas others are not important. or else click on the link and it will take you straight to it at Amazon.com Take a look at the grid below: Important Quadrant 1 Quadrant 3 Not Important Quadrant 2 Quadrant 4 Urgent Not Urgent All of your daily tasks can be mapped onto this grid. Well worth getting hold of.Step 2 . You should be able to get it from your public library.What is Important? D id you write down your goals from Step 1? If you did . you won’t be the only one! It is so easy. to let other priorities and demands get in the way of what is important. some of these tasks are urgent. isn’t it.congratulations . You will note that some of your tasks are important (by this I mean important to you). That means they need to be done now -12- . If not . In this step I want to cover some tools that will help you to organise your life so that the important things do get done.
or keeping up to date with developments in your field of work. filling in the crossword. because you did not get around to doing them a week. They need to happen. And the ironing can wait until there is time. Reading this course is a Quadrant Two activity . Now. You have to do them. you are probably getting stressed by all the Quadrant Two activities (important. but sit quietly in the background waiting for you to get around to them. month. Next week. In between all the stress of dealing with Quadrant One you spend a bit of time trying to relax by indulging in Quadrant Four activities .these things are both urgent and important. Like going to the gym. watching TV with a beer.looking after your property. or two months ago. on top of all that. Included here are things such as getting exercise. In other words. you say “yes” to this Quadrant Three activity (Urgent. relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities .stressed out by too much to do and too little time in which to do it . If you are like most people . not yours). daydreaming. the car does not have to be serviced this week. Likewise. Then.but could easily be pushed to the bottom of the pile until you have time to do it. and your help would make such a difference to them. And. For example. things that have to be done today. As you do these.tomorrow is probably just as good. if only you had the time. and improving and developing your knowledge and skills. For example. or painting the house. maintaining your house and car. The same with the exercises from last week and from The Midas Method. But these activities are important.it is important to your future . These activities probably take up most of your day. a colleague. Other things are much less urgent. but not important . Often this is because of some deadline imposed by someone else (like the boss. take a look at your own life. And what happens to Quadrant Two? All those tasks that are vitally important. or even next month would probably do. Which you would. or the tax man). but not urgent) that you know you should be doing. you don’t have to go to the gym today .it’s their agenda. being kind hearted and generous. if you could do them regularly. Most of these activities are of the maintenance and improvement type . the car has broken down. because you never got around to replacing the oil 6 months ago. but just can’t find the time for. Many of them are of the “putting out fires” variety.doodling.to you . In fact all those things on your mental “to-do list”. you would find that they actually help to prevent many of the Quadrant One -13- . In fact. and they have to be done today. Tomorrow is not good enough.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. and yourself.
The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. You really can reach your goals .. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. Most people find this very difficult. But equally you certainly don’t have to be a doormat. there is a balance in all this. ask yourself which quadrant this fits in. If it is from quadrant 3 or 4 . And whatever you do. At the beginning of each day. Here are some suggestions: With each task you do today. Or you can sit around. So. in each day. schedule in some time that is reserved for these activities . This opens up tremendous possibilities for you. or start a business. You are where you are because of the decisions you took in the past. to summarise. will affect your life from then on.other people.and stick to it.. what was crucial was what you did in response. Life is all about the decisions you take. or. You don’t have to be rude or unhelpful. or do not. We have all made mistakes. This brings me on to the second main point for Step 2: Who is in charge of your life? Is it you? Or is it something outside of you .or your could choose to move abroad. misery. It is a blank slate for you to write upon.say “no”! You must work on what is important to you before you work on what is important to other people.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure. or change jobs. decide. and whatever happened. What matters is where you go from here. Sorry if this sounds rather hard. the government? If you are to achieve the success you deserve. And often one of the hardest for them to overcome. that you do them. fate. remember?). the will of god. Get some books. Now. How it turns out for you is down to the decisions you take from here on.if you make the right decisions. I have found this to be one of the biggest reasons for why people continue to have stress. your answer to this must be “Me!”. complaining about the circumstances. and hoping that someone else will do something to improve your lot. listen to some tapes. Of course other people and events have played a part. or get divorced. here are your tasks for the next month: -14- . and problems in their lives. But if you are going to reach your goals. you must learn this skill. You can choose to carry on as you are . The future is unwritten. But whatever they did.
Okay . put your Midas Method goals at the top of your list as your Number 1 priority. If you did them all. the only person you are cheating is yourself. If you have not already done them. as long as it happens. getting some exercise.but make sure you don’t slip up again! After all.the goal setting is best done at the beginning of the day. studying. etc. But at least you worked on the most important of them. Tomorrow make a new list (which might or might not include today’s items).7 Steps to Freedom by Noel Swanson At the beginning of each day: Step 2 1) Set aside an hour for quadrant two activities . great! If you didn’t .don’t beat yourself up . Try and do it at the same time each day .your task this week: Do both of these every day. Then start with number one and persist with it until it is done. doing repairs. Make every effort to avoid being sidetracked or distracted from it. See you next week in Step 3! -15- . then move on to task two and stick with that until it is done. the rest can be at any time. Make sure you do it each day.you would not have done them using any other system either. By the end of the day you will either have completed all 6 or just some of them.use this for reviewing your goals. If you miss a day . If you come to a point that depends on some external event (like waiting for someone else). 2) Make a list of the 6 most important (to you) tasks for the day.
and underlies just about everything that we do. This Law is one of the most fundamental laws in the universe. As the truck was bouncing along down some dusty track. planes fly. they simply climbed out of the back . “For every action there is an opposite and equal reaction. For with the same measure that you use. and the difficulty of replacing you. one of the original and greatest motivational teachers. Luke 6:38." Jesus. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport.Step 3 . and so it is easy to replace him. of which the poor African villagers seemed to have been surprisingly ignorant. we would be wise to learn this. And once you fully understand it. it will also be the means to your own financial security. Here are some of the most famous. It is through an understanding of this law that cars drive. So her -16- . Here are some examples: A window cleaner brings a small benefit to one household at a time. they decided that this was the point at which they wanted to get off. and rockets are able to land on the moon. Consequently his pay is low. This law pervades the entire universe. It has been stated by many people. It is a relatively unskilled job. and the incident provided them with some great stories to relate to the friends and relatives. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. But because of the long and arduous training she is rather more difficult to replace. in many different forms. the number of people to whom you bring it. So what does this have to do with making money? Absolutely everything. depending on the type of circumstance that they were describing. So instead of hammering on the side of the truck to signal to the driver. Since this is the case.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. and use it to our profit. tells the story of some Africans riding in the back of a truck. A lawyer or doctor brings greater benefit. but still to only one client at a time. It has its effect every time we do anything. it will be measured back to you. and running over will be put into your bosom. whether we like it or not. and it will be given to you: good measure. and Maths E arl Nightingale.Passion. pressed down.” Newton. But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect. “"Give. shaken together.
it is very hard to become financially independent as an employee . If you are in employment and wish to rise through the ranks. To expect otherwise would be like telling an empty fireplace. skilled writing is fairly uncommon. the best ideas. how do you apply this if you want to make some serious money? Clearly you need to find something that: 1) provides benefit to people . so his income can be quite large (in fact. If you can get it right. not hard. If you can do this. But be clear that it is in that order first you provide the benefit. The reason for that is very simple . then. and sportsmen and women. the greatest number or sales or clients. The same also applies to star-quality actors. Produce the highest output. But work smart. here is how you do it: Become the best employee there is .they expect the pay rise or the promotion first.find a niche in which you become the expert or the specialist.for the simple reason that. I will put the logs on. Step 3 A best selling author brings a small benefit (a few hours entertainment).namely the business owner. Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on. or cannot be easily provided by someone else.but the problem is that it is to only one person at a time! So. Also. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes . And yet so many people expect just that. then the rewards follow. 2) can be supplied to as many people as possible. “you provide the heat and then when you have done that. and 3) is scarce. And there are only so many hours that you have that you can exchange. -17- .become so indispensable to the company that they cannot manage without you. all your efforts are primarily going to benefit someone else . This is especially true in employment .the deal is that you exchange your hours of labor for money. proportionate to the number of readers).7 Steps to Freedom by Noel Swanson income is above average.such employees simply get taken advantage of. It is not necessarily about working all hours of day and night . your reward will follow. as sure as the sun will shine tomorrow.the greater the benefit the better. but to millions of readers. Getting this combination right is the maths. The maths is simply wrong. entertainers.” It does not work that way around. in the end. Don’t just do “grunt work” that anyone could do . The trouble is. before they will put in the extra work. then your reward will follow.
as play. is to find a way to multiply your efforts. as second side to all of this.perhaps filling a niche market for a particular type of skier (e. off-piste powder tours)? You love helping people. handicapped. If you look around. or collectors desperate for football or pokemon cards.do what you love. So get the maths right. to put it the other way around . And why not? You are much more likely to put in the hard work if it is fun. you will also have to provide a service or product that people want.7 Steps to Freedom by Noel Swanson Step 3 Consequently. Clearly. to make enough money to become financially free is going to take some work. Find something about which you have a passion. at least. I believe that life is just too short to be spending it doing things that you hate. however. There is. most would probably tell you that they love what they do. Or you could develop a business in which you help other people to be successful. so that they benefit more and more people. or that bring great stress. to achieve this. Yet if you asked them. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching .but teaching a school class has the wrong maths. the only way to make more. Or. You love skiing . thousands.whether that be a hungry crowd desperate for a burger. But also find something that you love. school/business groups) or destination (undiscovered and exotic locations. By its very nature it is -18- . than if it is a total bore. Then the maths is right. have fun while you are doing it? This is what I call the passion. Most could probably be described as workaholics. you will probably find that most millionaires have worked very hard to build their fortunes. It is no use putting all your efforts into something and then finding out that nobody wants it. Life is supposed to be fun. Much better to find a niche where people are begging for your service . and see it through to the end if you are passionate about what you do. training tapes and videos. Whatever means you choose. or even millions? This could be done by books. You are much more likely to persevere. that it is not so much work. Could you set up some kind of tourist operation . then if it is tedious. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. and/or large conferences and seminars. Why do it when there are so many enjoyable things to do. So why not.g. What about finding a way to extend your teaching to hundreds. Network (or multi-level) marketing is wonderful tool for doing just that.but being a ski instructor doesn’t pay.
here is a question that might prompt some thinking. what would give you the greatest pleasure and satisfaction? Do not limit yourself . You hate meeting strangers and having to talk to people you don’t know. But you love working on a project . The first is that wealth comes from bringing value to other people. Note also that the notion of purpose is that of action. What is your purpose in life? Now. you might just find your life’s calling! To help you. of doing something. lets just think for a minute. it is a process. and suits your personality and unique pattern of strengths. then you are on the high road to both success and happiness. There are two points to consider here. One way to think about this is to develop your own mission statement. Life is not an end point. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). “My mission (or purpose) in life is to _____________________ (do something) -19- . Your task for this week is to think about your passion. or are you more artistic and intuitive? Are you good at leading others. You could be employed by a company to develop their products . So at this stage I don’t want you to be worrying about the maths. The joy is in the journey. What is it that you really love doing? What is it that turns you on? What are you good at? Do not think only in terms of skills (like writing. So why not have a personal mission statement. or do you prefer to just be given a job to get on with? If you could do anything at all. You have probably noticed that many companies are developing mission statements to help them to focus on just what it is they do as a business. is worthwhile. All you have to do is to fill in three blanks in the following statement. the more you yourself will earn.such as writing. In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. Think also about your personal character traits. So if you can find a purpose to your life that brings value to people.or you could develop your own product that has value to many. or joint venture with someone who does like networking or selling.let your imagination take you where it will. The second is that happiness is a by-product of doing something that is worthwhile. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. or programming. or computer programming. or fixing cars or cooking). and either use the internet as a tool to make it available to the masses.7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. We will be looking more at this in a later Step.
or what? Even if you prefer instruct soothe educate to hide away in your den working on a computer lead stimulate elevate liberate strengthen empower programme. “My mission is to __________ ____________. When you do. or motorists. If there is minister enroll enhance no benefit of some kind. then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it.” Step two is then to identify the recipients of your actions. identify the desired outcome of your work with these people. When you find the right outcome. but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. What you do. In what way will this be of benefit to them? What will they have.” aliens armies artists athletes audiences babies boaters boys brides burned cancer sufferers children gifted girls graduates grandparents handicapped homeless informed inmates listeners men millionaires minority groups nations parents patients poor retired scientists self-employed seniors sick singles teens toddlers viewers weavers women wounded choirs couples Finally. if you are a mechanic. or even countries (if you fancy being Prime Minister!). influence refine coach inform serve discover encourager. what I love doing. But don’t be limited by these.7 Steps to Freedom by Noel Swanson __________________ (type of people you will serve) to _______________” (towards a goal) Step 3 Now all that you have to do is to fill in the blanks. Who benefits from what you do. Below I will give you some ideas. What is it you love doing help referee challenge with people? Are you a natural born teacher. I will leave that to your imagination. Of course there are many.” Start with finding the right verb. or be Table 2. Table 2 lists some other possibilities. You will say “Yes! That’s it! That’s what my life is about. unique. keep brainstorming until you find your own. Even drug dealers provide a “benefit” to people . craving for drugs (never mind that they caused the craving in the first place!) So keep searching until you find what it is that you love doing. leader. you will feel it resonate with your whole spirit and being. Note that this might be anything form individual people right up to large groups. and what provides me with satisfaction and excitement. entertainer. The list in Table 1 nurse acknowledge facilitate may give you some ideas. able to do as a result of your actions? Table 3 lists some ideas. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone.they relieve their Table 1. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. there will be a “eureka” quality to it. you have your completed mission statement: -20- . It might be an audience if you are an entertainer. many more. mission.
Concentrate only on what it is you want to do. So far we have been looking at where you want to get to. Only then can you work out the quickest route to get from here to there.” achieve wholeness act find adventure appreciate art be responsible be healthy be fit earn explore have fun happiness hear experience joy laugh learn love play golf relax rest retire succeed swim travel Table 3. the destination.oOo --Your task for this week? Yes. In the Step 4 we will be looking at how to take stock of where you are now. Keep doing so until you have something that makes you feel good.7 Steps to Freedom by Noel Swanson Step 3 “My mission (or purpose) in life is to __________________ __________________ to ________________” Here are some examples: “My mission in life is to mentor self-motivated people to achieve successful and joyful lives. Life is a journey. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear. At this point do not be thinking about how you will do it.” “My mission in life is to discover new places to which adventurous golfers can travel. Next you need to know where you are now. --. Hang in there! -21- .” As you can see from these examples. you have guessed it! Complete the blanks above. you can play around with the form of words to make the mission fit you.
England”. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. do not rush over this. At this point of time. as it is to know where you are going. the way in which you will make a difference to people’s lives. Once again. we still have one further preparatory step. And an aeroplane might not be so appropriate if you are just down the road in Leeds. coach. your goal was to “travel to York. but the content is first class. How will you get there? Will you travel by foot. or through your local bookstore. your current starting point. (They are a bit wordy and repetitive at times. So. this week’s task is to take full stock of your situation. Before we start to look at the ways in which you will do all of this. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 .Step 4 . for example. bus.) You can order them through Amazon. USA. England. There are two parts to a financial statement. goals written down as to what you want to achieve in the short. train.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. specific and detailed. Before we do that. and the balance sheet (which details assets and liabilities). be excited about the type of contribution that you will bring to the world. I want to talk a little bit about how to create your own personal financial statement. have clear. medium and long term. Poor Dad”. and the sequel “Cashflow Quadrants”. Income and expenses .com . You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. The income and expenses report (also known as a profit and loss statement). Let’s look very briefly at both of these. It is as important to know where you are now. air. I thoroughly recommend them. Suppose. by now: know that you can achieve whatever it is you set your mind to. if you are currently in New York.
The rest goes on the various liabilities you have accumulated . Unfortunately most of this money immediately flows out again.arrow A. it is an asset. In contrast. 1 to Fig.arrow B. your sofa. This income goes into the income section of your report (see Fig. The trouble is. Cashflow of the rich Incidently. if you owned a rental property.one is to cut down on your liabilities and expenses and the second is to build up your assets. then that property would be putting money into your pocket. you are trying to get from Fig. So. This is what you are trying to achieve for financial freedom . repairs. For example. your car. Clearly there are two ways to achieve this . They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. So. and the rent your received was greater than all your expenses in terms of maintenance. Figure 1Figure 2 .7 Steps to Freedom by Noel Swanson Step 4 work that you do. That is not what I call freedom. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. and pretty much everything else you own is a liability in that they are costing you money every month.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. In other words.” From this definition. 2 as quickly as possible. if you ever lose your job . but from the assets they have accumulated (arrow C). but the income stops. In this you can see that the majority of their income comes not from their work. you can quickly see that your house. you can see the direction of your cash flow: it flows in from the job. the financial statement of the rich looks like Figure 2.ouch! The expenses continue. and out through expenses and liabilities. -23- . 1).” In contrast to an asset which is “anything that puts money into my pocket. the rich also manage to sidestep most of the taxes as well. and loan interest. Some of this goes directly out as expenses (of which tax is the biggest one) .
that is what separates the winners from the losers. In addition. for the first week.. or it won't get done! -24- . This is your task for Step 4. isn’t it? Ready? Okay. You will find the template on the next page.. so let's allow for two weeks to complete it.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. Once again it will require some work on your part . since success is about more than just money. It comes in two parts. complete your personal financial statement.but then. To do that you need to prepare your own financial statement. and you will probably need to put it as top priority on your priority list. you also need to do an inventory of the other parts of your life.
Preparing your Personal Inventory
Part 1 - Your personal financial statement
For the purpose of this, convert all your income and expenses into monthly figures, i.e. divide yearly amounts by 12, and multiply weekly amounts by 4.3 This is best done for your whole family rather than doing separate ones for you and your partner. Monthly Income
Make a list of all your current income. Include: a) earned income, such as (Where you can, put the Gross Earnings here - and put the deductions, such as tax and NI in the expenses column), Job, 2nd job Tips Self-employment
Businesses in which you are heavily involved for their day to day running
Subtotal b) passive income, such as, Benefits: child benefit & Tax credit, disability allowances, social security, etc.
Interest on savings.
Dividends from your investments.
Businesses from which you receive an income, but are only a sleeping partner, or minimally involved in terms of day to day management.
Other investment income (you can either list the net profit, or you can list the gross income here, and also the expenses - such as the maintenance on your rental property - in the expense column)
Overall TOTAL INCOME -25-
7 Steps to Freedom by Noel Swanson
This is the tough one! The challenge to honestly list all your expenses as they really are, not as you wish they were! Subdivide into the following categories: Tax, Social security, National Insurance, council rates, Daily living Groceries and other regular shopping Clothing Rent Communications Land and mobile phone charges Internet service provider Utilities - Water, sewage, electricity, gas, House maintenance Repairs, redecoration, replacing carpets, looking after the garden, replacing windows, new kitchen, etc. Insurance Buildings and contents Life, accident & sickness, disability, Private medical Professional indemnity, employer’s liability, etc. Pet Leisure activities Entertainment (pub, cinema, meals out, pizza deliveries, videos) Sports - gym and other club memberships, equipment, travel Holidays Gifts, e.g. Christmas spending (often substantial), birthdays Travel Car - petrol, servicing, MOT, insurance, road tax Bus & train passes and fares Car depreciation Smoking and other drugs Loans Mortgage Car payments Other hire purchase (sofa, boat, caravan, etc) Credit card interest (be honest!) Boats & other toys - depreciation and other running expenses Other commitments Alimony & child support fines Exceptional expenses - every month there is some expense that is unexpected, or a one-off. The strange thing is that there are so many of these unexpected expenses that you need to budget for (expect) the unexpected (e.g. the boiler/furnace breaks down, a window breaks, etc.).
Overall TOTAL EXPENSES
7 Steps to Freedom by Noel Swanson
Here you list everything that puts money into your pocket - either by providing an income, or by going up in value. In the totals column, put how much you could get for it if you sold it today. Put your own house here, but do not put your car or boat here unless they will genuinely go up in value over time, and you also put an entry for depreciation and running costs in your expenses column above. You will understand your finances better if you put your boat and car in the liabilities section.
Your house Pension Rental & investment properties
401-K, RRSP, ISA’s, Savings bonds, premium bonds etc.
Stocks & shares
Businesses you own or receive dividends from Precious metals and gemstones Other
Overall TOTAL ASSETS
7 Steps to Freedom by Noel Swanson
Totals Liabilities Here you list everything that takes money out of your pocket. Put the total amount that is owed as of today. Short term debt Outstanding amount on credit cards
Overdraft Other bank loans and financing (car, boat, sofa, etc) Long term debt Your mortgage Business loans Mortgages on investment properties Cars, Boats, Toys and trinkets (although these could be sold for money, and therefore
could be considered assets, they actually take money out of your pocket in maintenance and other expenses, so they are really liabilities. Enter them here. If they have a present day value (e.g. a boat or car worth $5,000) do two things: 1) enter a negative value in the column on the right i.e. they are a liability of -$5,000, and 2) at the same time enter a monthly value for depreciation in the expenses column above. For example if the boat or car will only be worth $3,800 next year then its depreciation is $1200 per year, or $100 per month. Put $100 in the expenses column.
Overall TOTAL LIABILITIES -28-
Total Liabilities Your Retirement Quotient = Passive Income/Total Expenses = ____________ = ____________ = ____________ yes / no yes / no yes / no yes / no yes / no yes / no If your monthly savings are negative you are in serious trouble and need to do something NOW! As someone (Bernard Shaw I think. If your net worth is greater than $250. happiness. misery” Most likely you need to find some way to cut your expenses. but I am probably wrong) said: “Income.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now.Total Expenses Net worth = Total Assets . “Income $100. result. If your monthly savings are positive. what do you do with these figures? First do these sums: Monthly savings = Total Income . Your Retirement Quotient tells you what percentage of the week you can take off (i. $100. expenses $101. -29- .000 you probably need to be thinking about planning to avoid inheritance tax. well done! Now use those to start building up your assets.e. valid Will? Life insurance (Have you reviewed the insured amounts?) Disability and/or critical illness insurance? Have you planned for avoiding Inheritance Tax (In Britain IHT will hit you if you have assets over £250. result.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. expenses $99.
After that we will start to develop Your Action Plan.000 per month. If you have got this far . For example. -30- .. then 1/3 of your expenses are covered so. if your monthly expenses are $1.. theoretically.e. Obviously. you could cut down your working week to earn just $1.WELL DONE! It is not easy doing all that! But tell me. Your Children All of these are important if you are looking for true FREEDOM.7 Steps to Freedom by Noel Swanson Step 4 retire. go part time). Until next week. once your RQ exceeds 100%.500 and you are receiving $500 a month from your investments. i. your passive income exceeds your expenses. did you learn something? Was it something of an eye-opener where all your hard-earned money is going? Next week we will do the second part of this step .covering topics such as: Your Health. Your Relationships.. then you can fully retire..
Look at the coins and banknotes in your pocket. Money is a tool towards success. Just a fancy way of asking “where am I now. Stuart Goldsmith is an excellent example. making a difference to the people and community around you. and much less known is this: Money is not real. So.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. It never ceases to amaze me how most people just muddle along in life with absolutely no idea of where they are going. and neglect to build up other areas of your life. then you will end up just like Scrooge: rich and miserable. you need to decide how much is enough. before you even start on your journey to riches. Then you can map out your own destiny. and what is getting in the way?” In the last lesson we did this for your personal finances. where they are now. Or seeing the world.Preparing your Personal Inventory Part 2 . what do I have going for me. If you focus just on money. you can very quickly take charge of your life. How much are they really worth? What would you pay for a piece of paper about 6" x 2"? Or a disk of metal weighing about a 1/4 of an ounce? What would the recycling plant give you for them? Nothing probably. Opportunities and Threats) analysis. Over the space of 8 years he made himself £10 million. Or pursuing your sports or hobbies. and how they are going to get there. Which is exactly what you are starting to do. This week it is time to look at personal relationships and health. the “law of cause and effect” being chief among them. it is just an idea. about enjoying rich and rewarding relationships. Of course. Like spending time with your family and friends. Weaknesses. as you will have learnt from The Midas Method the reason is that they have been deceived into thinking that is simply their lot in life! Yet once you understand some very basic principles. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. When do you get off the gravy train so that you can do the things you really want to do. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. 2) Equally important. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. But real success is about living life to the full. So why are they “worth” so much? Purely and simply because people say -31- S .
it is a bit of a fire hazard. In fact they are about every aspect of your life. this is where it gets a bit metaphysical. So if you want true success. of that agreement. The better you are at that.7 Steps to Freedom by Noel Swanson Step 4 and believe they are. the only reason the merchant will go along with it is because he believes that he will be able to exchange that same piece of paper for some goods that he wants. for exchanging value between people. But there is still more. The Flow has ceased. the more you will make. have you had times when the garage or the garden shed are just full of clutter and junk? So much so that you can barely get into them? I know I have. you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. And -32- . making money is. Everything works out. therefore. In the end. The first is when you are in the Flow. Both are about more than money. it will affect every other part. When you buy a book from me. For example. and it can be released again. the second is when the Flow is blocked. And this in turn depends on the agreements that people make with each other. a mechanism. and that is what this week’s lesson is about. It really is like some kind of spiritual force. or you will be pretty angry and will never deal with me again. Money is worth nothing unless it is moving. you do so on trust that I will deliver value to you. Flow can be blocked. If anything. If I fail to do so. Nothing goes right. if you get blocked in one part of your life. Because of this. It is very much tied in with the notion of agreements. When you exchange your note for a bag of potatoes. Have you had times when everything just seems to be going your way? You are on a winning streak. What can block your flow? Pretty much anything. and you feel confident and in control? And then there are times when you just feel stuck. Now. The creative energy is blocked.when it gets passed around from one person to another as a token of agreements being made and fulfilled. then the agreement between us is soured. A suitcase of banknotes under you bed is worth nothing. It is only worth something when it starts to move . Money is merely a tool. and either I have to make it right again. Wealth is therefore about FLOW. all about honouring agreements with people. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. or token. how much lighter and freer did you feel? That clutter was literally blocking your flow. When it was like that. Wouldn’t you rather be in the Flow than out of it? Well you can. The money that passes between us is just a record. It does you no good at all.
24). No. or cola a day? Do you eat at least five portions of fruit or vegetables each day (I bet you don’t!) Do you take any “recreational” drugs? If you are over 40: Have you had your eyes screened for glaucoma in the last 5 years? -33- . Once again. Your Health Do this sum: write down your height in metres (e. etc) three times a week? Do you drink more than an average of 2 units of alcohol per day? (Be honest.2) .Obese .7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way.24 = 22. do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e. be honest with yourself as this is entirely for your own benefit. Note that this is an ongoing process that you will need to be reviewing regularly.8 x 1.g. Now divide your weight by your height squared (72/3. tea. running.8 = 3. 1.. The questionnaire below will help you to do that. walking.Healthy . Remember that wealth is about honouring your agreements .. Then take your weight in Kg (e.even your finances! Your task this week is to identify and then start to sort out the blocks in your life.including agreements you make with yourself! In fact.Overweight .g.g. 72 kg = 158lb).Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this. This final figure is known as your Body Mass Index (BMI) and is an indication of how fat you are! So now you can compare your BMI with the following table (note this applies only to people over the age of 18): BMI Under 18. that would be putting a block on all areas of your life . cycling.Underweight . we will start with your own agreements before going on to agreements with others.5 18-5 to 25 25 to 30 30 to 40 over 40 . I mean really honest!) Do you drink more than 4 cups of coffee.80m = 5' 11). Multiply it by itself (1.
or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. If you scored 10 or more. well done! If you scored less. One or other of these should sort you out .don’t put it off again! Look. but it’s true. Resolve NOW to do whatever it takes to resolve the conflict. Not only is your smoking costing you money everyday. etc) are you following the prescribed treatment regularly and correctly? Do you eat fish at least twice a week? Yes/no Yes/no Yes/no Yes/no Give yourself one point for each correct answer (you know what they are!).. If you are a smoker. -34- . high blood pressure. Cheating yourself or others may work in the short term.so you now have no excuses left! ( Do it now . I am serious.7 Steps to Freedom by Noel Swanson Step 4 If you are a woman: have you had a cervical screen (Pap smear) done in the last 3 years? Have you had a dental checkup in the last year? If you have know medical problems (heart disease. diabetes. set your self some Midas Method goals to deal with it. Not to mention your health and fitness. Sorry about the language. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success. Here are some challenges to work through: Make a list of all the people with whom you have some type of unresolved conflict whether it is from the past.they seriously impede your flow and will prevent you from achieving true success. But in the long term it will come around to bite you in your ass. it really is time to stop! Go over to my website and check out the Guaranteed Way to Stop Smoking and Quit Smoking Right Now.. police etc) Unresolved conflicts are the same as broken agreements .
we get him everything he could want. It may cost you in the short term. do it. then get a friend or counsellor to help you.it is only yourself that you are harming by failing to forgive. Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. You cannot afford to have relational clutter messing up your life. thought and energy into raising them right. so trust me on this. Even so. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years.) < Let them have their way for a change! None of these will immediately put pennies into your pocket. Now think about those that you count as your loved ones and your friends.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years. Don’t let it be squeezed out by the “urgency” of all the other things you had to do. This is another quadrant 2 activity.they don’t deserve to be forgiven. Yes. go and do it.” And it is usually the poorest parents who say that. Like everything in life. And especially don’t make the common mistake of working long hours to buy them everything they want. then pay the price and do it. If you cannot do it on your own. then do so .and not just for you. But it is absolutely the key to freedom . (Just as an example . They would much rather have you than the toys! In the clinic I always cringe when I hear parents say “He doesn’t want for anything . but for generations to come. but for yours.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise. I know that if you have had some serious trauma or abuse in the past that this can be very hard. investing time. bite the bullet and tell the truth. (My best friend and I planned a special holiday to celebrate 20 years of friendship. including making money.and I am a consultant psychiatrist. I know . Not for their benefit. < If you need to forgive (you probably do). < If you need to own up to something. but it will more than pay for itself over the long haul. What have you done recently to celebrate that friendship? Here are some suggestions: < Buy some flowers unexpectedly < Write them a short note or card to express what they mean to you < Arrange for a special evening or day out . will save money and heartache down the road . you (and your kids) will reap rewards if you make some effort -35- .) Your Children The problem with children is they demand the most time and the most money just when you can afford both of these the least! Once again.or even a holiday together. If you need to put things right.
So here is a task: 1. For example.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. Time to take a look around you. you don’t need a mansion. character traits. You will feel so much better when you do. and do all those other little jobs that you have been meaning to get around to. you give in and don’t say “no” enough. for each of these. Make a list. “The GOOD CHILD Guide”. No you don’t need to be obsessional. So. one at a time. For you to be successful. this is all about developing a lifestyle of success. But you do need to throw out all that junk! Sort out your wardrobe. positive. 3. 4. But once again. Make a list of character traits that you are not happy about. put them on you Midas goals. you increase your children’s chances for happy and successful lives a hundred-fold. But you don’t want to end your days as some miserable old “git” that nobody likes. are you still with me? That is quite a bit of homework I have given you. and so on. your happiness and your prosperity. Put them one at a time on your Midas goals. I am not sure I go so far as to go along with the Feng Sui practitioners. picture (visualise) for yourself some situations in which you would want to demonstrate your new. but I would certainly agree with them that a well kept home will enhance your health. Stuart addresses this in terms of self-belief in The Midas Method. there are principles that apply. Then for each of these. You don’t have to be perfect. and work at them until you achieve success. and that affects your flow. Finally.g. nor even a month or a year. you will have to be happy with yourself. you might want to be more easy going. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. It ‘s physical state affects your spirit. you may need some help with this. Once again. Your home is where you spend most of your hours. your are unreliable. Yourself Probably the hardest of all. You get angry too easily. Now. The goal is to develop habits that will last a lifetime. You will not complete all these exercises in a week. and will pay you dividends over a -36- . instead of being angry. the reality is that life is a life long project). put next to them what you want to be instead. do you? 2. And it might take you some time (after all. No. But this is an ongoing project. repair the guttering. you lie. As you have probably realised. e. your procrastinate. Don’t know where to start? Then have a look at my book. and if you can learn and apply them. That is not the goal. and sort them out.
Do them now.7 Steps to Freedom by Noel Swanson lifetime. Don’t. See you then. you will find you have plenty of time. magically. In the next Step we start to put together your action plan. It is called getting into the Flow. these are all Quadrant 2 activities. and somehow. The temptation will be to put them off until you have enough time. You will never have enough time. worry and guilt happy and successful children peace and contentment money Step 4 As I have said. -37- . dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. make the time for them.
Your Plan for Security O kay. down on the ground. would be rushing down that plank to rescue the little one. the reason why. would you be able to walk along it without falling off? Sure you would. Until your reason why is strong enough. That is what most of your friends and acquaintances are almost certainly doing. this week we will really start to rock and roll! But first lets just review how far you have come. especially those with kids. Why? Because it is your dream that provides the motivation to succeed. eh? Now.Step 5 . By now I hope that your dream is starting to dominate your thinking. The easy thing to do in life is to drift. Let me give you an example: If I were to lay a plank of wood. Would you walk across it then? No? What if I offered you $30 to do it? How about $150? What if your little nine-month old baby was crawling along the plank and was about to fall off? I am guessing that most of you. So what was the difference? The only difference was the motivation. That is why I spend so much time emphasising the dream and the goals. How about if it were raised a foot (30cm) off the ground? No problem. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. say 9 inches wide by 30ft long (25cm x 9m). -38- . That reason is your dream. It is also what you will continue to do unless you have a strong reason to do otherwise. the chances are you will not do what it takes to make the money you desire.
you will do okay. then prosperity. or your loving partner might develop leukemia.and wasted years in the process! But back to business. But the car is a write-off. Once you boat is watertight. You do not need to take excessive risks to become free. or there is another great depression like in the 30's (actually.Developed your own.Identified your starting point (where you are now) Now it is time to find a vehicle that is going to carry you to your destination. when the going gets tough. You already know that life holds no guarantees. very shaken. You will survive.I’ve been there and done it countless times myself . Believe me I know it . you need: -39- . If you don’t. It will be done in two stages. unique. I am sure. even as I am writing this I have just leant that my sister has flipped her car over. as it is only when you have this kind of confidence that you can safely embark on Step 6. or. In the face of all this uncertainty. Fortunately she is unhurt.Written down your Goals Step 3 . You might do everything right. then you can attach the outboard engine to it. although.. This is important.see Rich Dad's Prophecy). So.Developed your Dream Step 2 . and then be hit by a bus as you cross the road tomorrow.to develop your plan for security. In fact.. This is your action plan. The first stage is this week Step 5 of the plan. which is to develop your action plan for prosperity. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. you will quit. Walk. So now it is simply a question of finding the right tools to plug those holes. this is quite likely as we are well overdue for it . and the second stage is Step 6. So far you have: Step 1 . then run. You just never know what is around the corner. purpose in life Step 4 .7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why. First security. With this you can have the confidence that whatever life does through at you. and then work backwards Your death What happens if you die? Will your loved ones be looked after? Will your possession go to the people you care about? To make sure. what can you do to protect yourself? That is the goal of this week . From Step 4 you will have already identified the holes in your security.
Term insurance basically says this: “If you die at any time in the next 10. then we will pay you a cash settlement dependent on the value of the investments. 25. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. try this one. Without a will your possessions will be disposed of according to the prevailing law of the land . 2) Life insurance. Whole life is a combination of insurance plus savings/investment.99: It really is easy. In the old days whole life insurance was very common and probably worked quite well. If you are in the UK. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. Everyone else needs life insurance. We will invest this money (usually in the stock market or in bonds). ” So term insurance is pure insurance that protects you in case of the unexpected. the insurance kicks in and they pay you the guaranteed minimum.g. and look after your own investments for your retirement. so don’t put it off another day. it is only £9. Unless your affairs are very complicated. whichever comes sooner. So how do you do that? These days you can either do it yourself or get a lawyer to do it. If you live longer than that. -40- . the do-it-yourself route works perfectly well and is a lot cheaper. 40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X. No will is bad news write one now. You also have no option for any kind of tax planning. If you die sooner than expected. if by then we have made enough profit on the investments. then we will also pay you a performance bonus of Z. There are basically two types. You can either buy a printed one from a stationers. When (not if) you die. In addition. you are still a single student) or you are already financially independent then you can miss this out.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. If you make it to the predefined retirement age. then hopefully you will gain on the investment part.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. we will then pay out to your estate the minimum sum of X.normally to your nearest kin. Often the process can take a long time. You will need to get a write-yourself-a will kit. If you have no dependents (e. or you can use a computer program that guides you through the process and then prints out your will at the end.
in 20 or 30 years time.uk/main/index. for the UK: http://www. You need independent advice. see a specialist tax adviser. and what your expenses will be down the road (for example will the mortgage be paid off). and for how long? You need to work out how much your family are going to need to live on if they no longer have you to bring home the bacon. You need to be thinking about setting up a power of attorney and perhaps a living will. whether your partner will go back to work.com Then. so get a good one.quotelinedirect.000 in taxes. Until then.his £200 fee could save your tens of thousands. When choosing an insurance company .asp US: http://www. How long do you need it for? You will need to consider the age of your children. if not permanently are. once your insurance is in place. Don’t scrimp .000 (which is not a lot if your mortgage is paid off!). eg. This is about getting the safest deal.insure. This is not about getting the cheapest deal. and add in a factor for inflation. not a hard sell for one company! Or go for one of the online quote brokers. You want that company to still be there. you need it. 3) Inheritance planning. but also that due to your aging.especially if you have more children! Once you are rich you can cancel the policy. you need to review it every time your circumstance change .go for rock solid. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. But what if you are just injured or sick and unable to work? How long could you survive without your regular income? The chances of you becoming incapacitated for several months. If it is more complicated than that. -41- . ready to pay out. statistically. In Britain you have to pay 40% on everything over £250. That does it for death planning. Obviously the longer the term. This is particularly true for occupations that require manual work or mobility. Check them out first. Standard Life is perhaps the most solid of them all. the more expensive the premiums as they have to cover not just the increased risk due to time. What if you are severely incapacitated and unable to make decisions for yourself. Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. horrendously high.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. Your independent financial adviser can help. If you have any decent Net Worth you need to take some advice on how to minimise death duties. But with simple planning you could easily save yourself over £50.co.
h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. then go without whatever it is you were trying to buy. b) Write down how much you are paying each month in debt servicing. d) Now tear up your new credit card. then start on the next debt . Seriously. see if you can have the entire balance transferred to a new card at 0% interest (they often offer this as a 6-month enticement to get you to switch cards). your monthly repayments will be less. g) Eventually you will be left with just the mortgage. Once you have done this. This is vital. By doing this your credit card balance will rapidly reduce.always working from highest interest down. in just 7 years. without any increase in your income. Renegotiate this so that each month you are paying back the sum in b). see if you can repeat step c). Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4). or you might even decide that you do not need it after all! You will never be free if you are a slave to instant gratification. if you are deep in debt. save up for it . e) Because you have transferred your balance to a new. Start putting some regular savings aside into a high interest savings account. Pay the minimum on all your other debts. exactly as much as you wrote down in b). If you have no cash.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. However. including mortgage. And ALWAYS paying off at least as much as you wrote down in b).asp To protect yourself you need: Step 5 1) Cash in the bank. you can probably pay off your entire debt. It is crucial that you still pay off. If you choose to. You don’t need it.then you can either negotiate a special price for paying cash. Ideally you want to have enough money set aside to live on for 3 months. account. and then put everything else towards the credit cards.com/content/Retirementandwills/Planyourestate/P34945. or you will end up in even worse debt. Hopefully you will have paid it all off before they start charging you interest again. c) If there are a lot of credit card debts. Pay cash instead. If not. no interest. if you -42- . each month. You will probably find that by doing so your mortgage will be gone in just a few years. then your first priority is to pay off the debt. CLOSE the old accounts.msn. but applies more or less everywhere): moneycentral. f) Once the credit cards are paid off.
rather than to your old profession. If you are off work with the wrong illness. very expensive . depending on how secure your job is! So. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . The other variety protects you in case of unemployment. lower paid job. Unless you pay extra premiums. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. Might be worth considering. This comes in two varieties: One pays off your mortgage if you die. then we could insist that you go back to an easier. if you are old. The cost is more if you opt for a shorter waiting period (which is why you are better off with some cash in the bank). If you become ill or injured and are unable to work. The amount we pay out may or may not be linked to inflation. period (anything from 2 weeks to 6 months) we will pay nothing. or have various risk factors. Cheaper.” This type of insurance is. unfortunately. This again seems cheap.7 Steps to Freedom by Noel Swanson want everything NOW. Check it out. we will then pay out the following: “For the first. There are very many different types available so. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings.simply because they have to pay out so often. but is usually more expensive than plain ordinary term insurance. After that we will pay out X per month. waiting. This says: “Pay us a regular monthly premium. We will not cover you for any illnesses or disabilities that you already have. We will pay this until you are back to work. in a high risk job. but is actually relatively expensive considering how limited the coverage is. or until a certain age (normally retirement age). Avoid pure accident coverage. It seems cheap. Get the latter. Step 5 2) Income protection or disability insurance (goes by different names). you will need someone who is independent to guide you through it. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package. you get nothing. but less useful are various types of critical illness or accident insurances. again. You may also be offered mortgage protection insurance. to summarise.
com/estate/ http://moneycentral..asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus. 6) Put some regular savings aside as an income cushion.7stepstofreedom.msn. We will continue Step 5 next week.quotelinedirect.com/ukwills. They have useful worksheets to help you calculate how much insurance you need.asp Both of these offer good.html This will redirect you to will-writing software that costs only £9.uk/main/index.7 Steps to Freedom by Noel Swanson Step 5 3) Review your disability/income protection insurance 4) Do some inheritance tax planning 5) Pay of your debts and put some regular savings aside as an income cushion.99 http://www. although from a US perspective. http://www. advice on estate planning and insurance.co.smartmoney.. -44- . free.com/planning/home. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www.
you will find they taste just as good as the high fat junk you are used to! Also think about adding some quality supplements to your diet. Mostly we dealt with the unpleasant realities of death and incapacity. your fitness. -45- . it is becoming clear that the effects of aging are. what you need. Naturally. but if you never start.Live for Success! L ast week you started to put into place your plan for security. your sex life . STOP SMOKING! You know it is crazy to carry on . there are probably a whole host of other vitamins etc. But don’t go for any old supplements.what they do.produced from pure organically grown herbs and vegetables. I strongly recommend the book Health Defence by Dr. this week we will prepare to avoid the worst. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones.found in fresh fruit and vegetables. in the herbs that so far we know nothing about. So. The goal is to remove all the things that are blocking your flow. help is at hand. over the last 100 years the sperm count of healthy males in the USA has dropped by 95% simply because of the poor diets we eat.it ruins your health. Indeed. none of these are present in the artificially products. . Furthermore. fortunately. Click here and take a look a GUARANTEED way to quit smoking. you will never achieve it. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. At the same time. due to oxidative damage. not created in a laboratory. This really is very simple. and why. I know it is difficult to stop. 2) Get a low-fat cookbook and experiment with some of the recipes . very readable but very well researched account of nutritional supplements . Furthermore. Go back to “Step 4 continued”. your good looks. Modern food is desperately short of good nutrients. You have probably tried a dozen times and failed. so put it onto your Midas Method goals and get going: Here is some help: 1. R. Last week we were preparing for the worst.Step 5 cont. Naturally this will take some time.and it costs you money while it does this to you! Look. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants . Clayton for a proper. we can be a bit more up-beat. This week. your taste buds. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. Make sure you get the best . On there you will see some questions that you answered either “yes” or “no”. to a large extent. Get it.
They sent them out to the same places. Nearly all off them treated them with much more respect and attention. tennis. swimming. and there are so many to choose from! Ask at your local library for details of local clubs and courses. although 1 glass of red wine a day is good for you as it contains high levels of flavanoids that protect you against various cancers etc. The restaurant that was “fully booked” now suddenly had a table free. it has become absolutely clear to me that the biggest difference between the rich. fencing. go and do it. both as a psychiatrist and as a businessman. If you need to apologise to someone. Then they dressed them in quality. If you need to forgive. marathon running. 5) Go and see your dentist. is in they way they think. go and do it . and find a whole new dimension to life. you will start to feel better and more confident yourself. hill walking and rambling. How you dress does affect how people treat you. 90% of people are trapped by their thoughts. 7) Make a decision to start dressing for success. and many. plus the greater respect from those around you. ice hockey. did their hair up. doctor. golf. squash. they took some volunteers. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. netball. There has been some very interesting research about the effects of first impressions. climbing. not them! Over the years. Here are just a few ideas: mountain biking. and what opportunities are open to you. In one.it is only hurting you. casual clothes and sent them out to a variety of high street stores and restaurants. martial arts.it is much more fun to keep fit by doing a sport than by going to a gym. but when you start dressing smartly. canoeing (can be done on rivers. windsurfing. and maybe added some jewellery. It affects their self-worth and -46- . This. None of the businesses recognised them. and alcohol. They first dressed them in rough. If you really (and I mean really) cannot find the time to do this. If you have not used it in 2 years . and then go along to watch or ask questions. then take a look at Get Fit While You Sit. You will meet new friends. sailing. lakes and the sea). football. archery. 4) Cut down on caffeine. and optometrist/opthalmologist for your screening checks. and the rest. many more.throw it or give it away! The same with all your junk in your bedroom and wardrobes. The difference was unbelievable. smart clothes. So why not use this to your advantage? Not only that. 6) Clean out the garage and basement. badminton.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . With this programme you really have no excuses.
If you haven't. take some parenting classes. But that only touches the surface. What rarely gets talked about. and by reading books such as The Midas Method and Rich Dad. duty. One of his comments was how much more confident I myself had become since joining the Inner Circle. powerful and free. is that way that tools such as guilt. And while you are there. review your goals. hire some extra tuition.. and so on are used by the powerful to herd the sheep in the directions they choose. Tidworth 9) If you are having difficulties with your children’s behaviour or learning . their marriages and other romantic relationships.. Okay. You have already started to change your thinking by reading my newsletter. and their bank balance. even essential. stick to your priorities. The GOOD CHILD Guide is an excellent. Next week we start Step 6. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together.7 Steps to Freedom by Noel Swanson Step 5 happiness. It's a MUST if you want a life!" Kaz Lemmon. place to start. What are they and which are the best? Do your homework. their interactions with friends. Remember. Don’t let your false pride prevent you from having a happy and successful family. It certainly opened my eyes! In fact.do what it takes to get it right. there is the usual 100% money back guarantee. If you have The Midas Secrets (surely you have by now????) you will have already received the first month's teaching materials and will probably have already joined the Inner Circle. Do not miss the opportunity to do this course. and what really traps people. To become wealthy. so what have you got to lose? Or are you not serious about your future? "A brilliant course. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. go and do so now. take a look at a few of the hundreds of testimonials the course has received. I was talking to a friend about this just yesterday. you are going to have to invest something in your personal development. Poor Dad. On my website you will also find suggestions and help for other behavioural and learning difficulties. We are done with the “boring” stuff. -47- . bosses and colleagues. fear. and see you next week. Read some books. In this we will look at some of the money-making vehicles available to you.
The idea of this is that it is automatic. Too many things are out of our control. if you have not already done so.. routine.I should know. The plan for security was no. I am also making backup plans..000 per year. life is uncertain. 15 or 20% return? Turn over to find out.Your Plan for Comfort W elcome back! This week we really set the wheels in motion. what it does require is time. (as I hope will be too . 2. It's goal is to provide us with a comfortable standard of living. then you have a big problem.. Now. and requires no thought. But make sure you are sitting down..Step 6 . your Plan for Comfort. this week we work on no. If you are already over 45 then time is something you are running out of. although the plan requires no thought or work. and sort it out. isn’t it? Last week you finished off working on your Plan for Security. -48- . You see. the house will just collapse . That is the purpose of the Plan for Comfort. But that’s what experience is all about. The aim is to get as high a rate of interest as we can. That would be $3.000 savings per year.step 7 coming up soon!). And make sure you teach your children to start theirs now too. even if all our attempts to be prosperous or even rich fail. So what would it be worth if you invested this amount. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. It is essential that you start this plan NOW. If that is your situation. So while I am building my business. Lets assume you are on a fairly average $30. just in case. year after year. By the time we have finished you will have in place three plans. But unless you lay the right foundations. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work. at 5. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. But don't bury your head in the sand. 10. 1. What does our Plan for Comfort consists of? Quite simple: month after month after month we put aside a regular amount of savings. Face the problem now.
525 56.843 223.616 3.287 774.177 7.392 1.392 9.687 82.681 1.647 30.575 19.104 330.720 116.436 554.739 645.458 18.227 23.972 71.256 1. rate: 3000 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 6000 9000 12000 15.020 21000 1.782 45.695 436.568 80.272 45.846 3.056 1.227 21.514 139.752 91.954 65.832 2.736 67.451 115.334 126.150 6.812 52.247 3.657 42.000 2.930 10.465 5.000 3.754 247.559 6.494 1335718 20% 600 1.555 131.192 373.432 27.554 153.136 385.000 45.000 1.165 437981 15% 450 968 1.750 9.104 19.315 2.915 32.747 204.034 3.000 5536 45.321 224.564 37.325 26.701 878.518 43.748 29.588 213.554 45.861 185.430 448.623 107.009.200 38.397 74.849 115.300 6.479 15.184 3.790 35.066 49.575 20.968 398.431 4.450 7.980 17.161.371 74.620 44.105 259.197 39816 3.098 35.115.781 5.221 51.088 763.000 5.923 665908 3.418 11.139 55.613 114.563 2.605.620 99.308 37.180 2.146 577.080 34.775 217.868 139.955 15.411 24.051 15.000 2940 45.000 45.475 24.195 29.057 154.229 271.621 86.062 361.686 89.906 36.316 32.581 141310 10% 300 630 993 1.554 9.623 28.723 27.485 11.320 2.172 134.005 100.000 5.448 110.238 74.000 4.751 50.995 1.415 7.510 168.796 61.147 25.548 129.911 70.000 3934 4131 45.180 47.939 4.000 2388 39.363 462.748 46.644 100.925 92.000 4.887 33000 2131 36.338 45.137 10.432 22.048 84.497 75.315 20.329.000 45000 45000 5813 6103 6409 6729 -49- .738 44.458 9.000 3747 45.317 104.351 16.152 188.312.923 15.021 45.600 7.649 502.011 267.613 321.577 17.940 78.899 12.920 13.741 164.000 5% 150 308 473 647 829 3.326 311.462 31.406 21.499 174224 3.116 537.261 30.533 12.213 1.448 43.742 142.490 174.869 185.865 62.774.069 128.426 105.344 929.926.067 1.734 39.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.056 118.980 6.497 59.000 4.569 45.358 57.930 13.738 151.074 4.357 8.000 1.426 25.090 95.958 7.000 1.468 664.957 13.539 3995447 18.532 10.000 3237 3399 45.876 93.886 18.221 24.687 13.221 4.655 287.290 23.952 299.654 30000 1.092 249.817 2.338.256 122.169 379.153 70.322 86.147 329.594 61.000 45.
at 5% return. out of savings (probably also the Stock Market.000 a year for the first 15 years).after 10 years you are almost 2. as every percentage point makes a huge difference over time. $110. yet a whopping 14. And if that has almost caused you a heart attack. than when you have run out of both money and time at 70. Especially since inflation will have watered even that $30.it takes a long time for the profits to build up. there are fewer and fewer young folk having to pay to support more and more of the old folk. So how does that work? Not only that. Now before you say. instead of putting money into savings and into taxes. health care).they will -50- . with the bulk of them retiring between 2015 and 2020. my pension or the government will look after me".5-fold increase over 25 years ($1. At that point. So . even putting aside $3. I am sorry . i. especially at low interest rates. and they are living ever longer. consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. 2) The effect of time .e. At the same time the younger generation will still be putting money into those things. As a result. The problem is that there are ever more elderly people.take a look at your financial situation (from Step 3).000. Moral: you must go for the very highest rate you can get. profit is the profit earned that year.000). they are going to start to take money out out of their pensions (i. the Stock Market). and out of the government (state pensions.000 a year for 30 years. map onto that your current age.000+) after 18 years. we are putting in $3. live of your passive earnings of $30. a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years. and you can see what your position is going to be when you are too old to work. but if all these retirees are taking money out of the investment markets in order to live.4 times better off if you are earning 20% compared to 5%.7 Steps to Freedom by Noel Swanson Step 6 The column labelled Capital is how much cash you have paid into the plan (in this example. "that's okay.but better to face it now.000 down considerably.e. or property). what do you think will happen to the invesment markets? Yes . at under 15% interest you will never be able to retire. 3) At 15% you can retire (i. In other words. In fact. it would take you 50 years to build up to a yearly profit of over $30.6m v. and value is the value of your portfolio at the end of the year (consisting of the previous end-of-year balance plus the new profit). Notice three things: 1) The dramatic effect of a higher interest .e. But don't forget safety as well.
they will take their money out for safety. nor am I.your secure foundation will ensure that you don't get washed away with it. It is supposed to enable us to survive. Caused not by fear or panic (although both will be there in abundance). The other main option is to invest in residential property (e. And when the young folk see the market going down rather than up. Who will pay for this? To meet all these expenses.more old people. the best bet is still the Stock Market. However. low risk strategy. and those that run businesses. For example. That is why we all need a Plan for Comfort. less children to support them. Someone once told me that "Optimism is believing the best will happen. So where do you get a good consistent high rate of return? At present. you would have $330.7 Steps to Freedom by Noel Swanson Step 6 go down in value. Steps 5 and 6 are about building confidence. And we need to start it now. Confidence is knowing what you will do if it doesn’t". the government will have to put taxes up. houses to let). but simply by the weight of demographics . Why? Because time is working for you. at 15% interest. leads to less taxes actually paid.g.000 spaced out over 15 years. even if all else fails.000 and no further contributions. Your Plan for Security (step 5) is the bedrock for your confidence. will leave to go to countries with lower taxes. we have put in a total contribution of $45. Net effect: Stock market crash. Despite the bear market we have had over the past 2 years. So. plus that fact that the elderly consume the most medical care. in turn. But if the wind and the storms come (as they might). Then. and are thus the most expensive to look after. given all this. on top of all this is the rising cost of medical care. You could get the same result by starting with a lump sum of just $23. At year 20. The Plan for Comfort is supposed to be a conservative. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. To work it needs the maximum amount of time. But rising taxes means that those with wealth. there are still some factors that would support a futher boom period before the major crash that will result from the baby boom crisis in the years following 2010.000. I -51- . Your Plan for Comfort (this week) is the foundation you build on that rock. what do you think will happen to your pension???? Are you happy to rely on it? No. what will they do? You got it . and your house comes tumbling down . in the above chart. The result is a business depression which. And it also needs as much pump-priming money as you can put into it.
using a mortgage to multiply your investment. sit on them. others rather flat. There is no excitement in paying the insurance companies their monthly dues. every month. Some years are way better. the system is just that. the plans for security and comfort are boring. just keep plodding away.g. But. that is so hard!!!! I want to do it my way. 10-20% interest year after year. I mean. indeed. No matter how boring a 10-20% return seems. Hungary and Czech Republic) are prime examples.. our regular savings into the "system" . Maybe more. you will find yourself very rapidly bankrupt. Wait until the crash and then buy as many houses as you can. Or look to new. fine! But if not.. You will find a way. TODAY. But no. a system. Do NOT put it off.the "bottomless pit" my mother calls it. emerging. The new entrants to the European Union (e. BUT. in real life it is never are smooth and regular as that. as whatever goes in there never comes out again. and stick to it. on average. If you put it off another year. and your profits. you can develop a system that could pay you. gosh. You could stop smoking for example (I told you I would keep nagging you!) You will -52- . How will you manage without the money? You will. Whichever you choose. become very wealthy by investing in them. the reason you make so much money is because of leverage i. Put that regular amount of savings away month after month after month. So. I promise. you will be another year older before you get to enjoy the profits. the system says buy these. Until we hit the next depression.. You see. the effect is the same. The trouble is. Sure. If they continue to go up you can. Set up a standing order so it happens automatically. over the long haul. Start today. If you set it up right. But if property prices should go down (as they did by 80% in Japan during the 90's). So take care. now sell them and buy these.e. like glue. what do we learn from this? 1) Get your comfortable plan in place. But. if your business takes off and you make your millions quicker than this. Houses have gone up in value (like shares) for the past 40 years. And there is no great excitement in putting aside. All I have to do is to follow the rules and do what it says.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. sit on them. of course. you need to develop your plan. saying "I will start next year when I have a bit more money". property markets to find some real bargains.. I want to chase the latest "Hot Stock" that is all set to double over the next six months. or. sit on them. at least you have a back up plan. anything with a bit of spice (and risk) to it. or buy options on oil. sit on them. No. or speculate on gold or currencies.. And sit on them. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now. and STICK TO IT.
not confidence. however. Do not put it off any longer. The goal this week is to put together the nuts and bolts of your plan for comfort namely. build up to your retirement fund . 3) Teach your kids. Read that last paragraph again. I must emphasise that you must do this. and I hope it does. over time. and you could get an average 15% return.000 a year. The more you develop your financial intelligence. Then have a look here to see how close (or not) your guess was. That is the only way the compounding can work. regular. it will work even if you are doing the boring plan for comfort. It really is like a hole in your -53- . Even with the very best system you cannot just keep blindly putting money into it without any regard for what is happening in the real world.the hole in your bucket The biggest hindrance to growing your wealth is tax. Keep reading. Using the table above. How to earn up to 20% on your investments Want to know how to do it? Okay. and don't take it out. Now read it again. 2) Do not. your boring. Won’t be much at first. but start the habit and it soon will be. Once again. your Plan for Prosperity gets you there quicker. Are you getting it yet? Put the money in.at least until your yearly profits are double what you want to comfortably live on. Whatever goes in. Imagine if you HAD started when you were 15? Just 10% of your income. lets go. If your plan for prosperity does work. monthly savings that will. That is why it was called the Bottomless Pit. When you see the storm clouds gathering. run for cover before the heavens open and it all comes crashing down. you could retire in year 18. if you were still living on $30. stays in. see if you can guess how much a packet a day is worth over 10 years. Keep your eyes open. under any circumstances whatever. That is optimism speaking. 4) Keep your eye on the (financial) weather. you will be very glad that you took my advice! Tax . Keep learning. But if adversity comes you way .and it can come from all sorts of unexpected directions. of course. the lower the risk of being destitute when you are old. take anything out of your comfortable plan .unless. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free.7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact.
Then you reclaim the tax that you had paid on that money. the drawback is that when you come to take your money out. have many more tax advantages they can use. you could inform me? Both types will have rules about how much money you can put in each year.after-tax savings: You put your normal. The big problem with the before-tax plans is that it is not easy to take your money out once you have put it in.before-tax savings: You put your normal after-tax money into the scheme. So your $70 of savings has cost you only $40 out of your pocket. You put that $70 into the scheme and claim back the $30. Do your -54- .no matter how are you work at filling up the bucket. but remember. these suggestions apply to middle class people who are either employed or self-employed. leaving you with $70 in your hand. so if you have any doubts about what you are doing. consult a suitably qualified professional. the money can grow tax free. check out whatever government supported tax-efficient savings schemes there are. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). and can be withdrawn tax-free without penalty. you are allowed to). Of course. But suppose the storm clouds gather. If you took all the money out at that time (if. Furthermore. This is the system used in Britain (ISA's) and the USA (Roth IRA).7 Steps to Freedom by Noel Swanson Step 6 bucket . Type 2 . after-tax money into the scheme. This means that you can put more into your savings. You earn $100. I am not an accountant or tax advisor . and a major stock market crash looks imminent. at this time I do not know which system other countries use. so we use what we can at this level. I am sorry. But. anything you do is at your own risk.do not rely on my suggestions. . I am going to give you some suggestions to think about. you would likely be hit with a tax bill at the highest rate of tax. Tax-efficient saving schemes First. Suppose the tax rate is 30%. Most countries have them and they are normally of two types: Type 1 . They are suggestions only. Once in.perhaps. and the rich. you then have to pay tax on it at the prevailing income tax rates. it just keeps leaking away. People who run or control large businesses. indeed. One of the most risky situations to be in is to have no control over what you can do. if you have decided to retire to a sunny Caribbean tax haven. So you have to be smart and tax efficient in how you set up your savings plan. The savings can then grow tax free. so you pay $30 tax. So be careful. But right now we are developing your safety net.
I will tell you in a minute what you are looking for from them. and be safe from any personal disasters you might face. use them to their maximum. over all. But this is what the rich do . know their limitations and. if appropriate.so it obviously works. But be careful. For the average person. This is very specialised so you must get advice. The whole point of a plan for comfort is. -55- . you may find that you can protect your assets from the tax man. If you do have a company. Roth Ira. This is your security blanket. Using Trusts If you have a lot of money. after all. and from personal bankruptcy and disaster by using carefully constructed Trusts. and forget about it (see below). that it is a lifeboat in case everything else goes wrong.7 Steps to Freedom by Noel Swanson Step 6 research. If the savings are still owned by the same company as your business. set up your monthly standing order and standing instructions.sign up for one. it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. the company that runs your business. The way around this is to have a holding company that in turn owns.you need to get started NOW. and under your control. so make it safe! Having said that . or are resident in more than one country. they are at risk should your business go under. is to get you money into a place where it can grow tax free. so make sure that wherever you put your money. it is safe. from vindictive ex-spouses. from inheritance tax. Then pass the profits up to the holding company for safe keeping. the holding company should still remain afloat. That is to be avoided at all costs. as a subsidiary. and then seek professional advice. 401(k) etc) 2) Then think about the other ideas. But get professional advice. If the business goes down. Using Corporations If you are self-employed. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. these schemes are a must . Your goal. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. or running a business. RRSP. you may find that it is better to leave your savings in the company than to withdraw them. Read Robert Kiyosaki's books for more information about how this can benefit you.
You will still get excellent returns over the long haul. You will not get spectacular. you will invest in an Investment Trust or Mutual Fund.000 You do not have enough. These are the indices that you hear quoted on the news. this is not bad. consistent results. national savings certificate. The good news is that this allows you to participate in the stock market. Until the crash. to invest in individual stocks or shares. the next question is how much do you have to invest right now? There are three bands to think about: 0 . which is very convenient. you may have some phenomenal years. That means that if they do well. etc. no. RRSP.000 $50. Instead. certificates of deposit.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . all fund managers have a follow-the-herd mentality. Don't worry. T-bills.current investment of less than $20. and then let you participate in what they have done.000 $20.7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally. Many of then will run their own scheme. but on average you will do averagely . or bonds (gilts in UK). monthly sum by standing order. over time. These are companies that buy stocks and shares in huge quantities. Yes. the S&P 500. that is. The bad news is that most. so will you. So.$20. 401(k)). TSE 100. here are the steps to take: 1) Find a good fund in which to invest. How much do you have? Step 6 Okay.in other words you will follow what the market as a whole does (as indicated by the market indices such as the FTSE (pronounced footsie). Dow Jones.$50. so will you. yet. Allow you to automatically invest a regular. will almost certainly give you a better return than fixed interest savings like bank accounts. and if they do poorly. You set -56- . which. It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA.000 .
Don't forget to see if you can use your children's allowances too.$50. Above all. 5. When that happens.they rarely perform well this year. You want solid consistency. look for which company has been consistently at the top of the pile over 3. never.000 At this level you have a bit more flexibility . First of all. Actually. Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. 2) Do the same for your partner. you probably have too much to put straight into a tax-efficient scheme. 401(k) etc. above average. and make sure that they are either nil . there is a lot of sense in thinking about this: Many of them are not only tax -57- . Set it up so that it goes right after your pay arrives in the bank. you will just have to put it into an ordinary investment account and pay up the taxes when they are due. Don't look for last year's stars .and some more challenges.or that the charges go down to nil if you leave the money in for a few years. Instead. completely stop the monthly savings . 3) Invest your initial lump sum in the scheme. move onto Plan B Plan B . This is how much the company charges you each year for running and administering your account for you. A real pain. track record. Commissions or other front or rear-end charges ("load") must be minimal. not hot-shot flash in the pan. still put 10% aside. never. try to resist the temptation to lower the amount.current investment of $20. RRSP. The company should have a proven. but the only alternative is to move to a lower tax country. never. So maximise the use of the ISA.000. 5) Readjust your expenses so that you can live within your means. 6) Keep going until the total amount invested is worth over $20.however little you are earning.7 Steps to Freedom by Noel Swanson Step 6 up the order. and 10 years.using a company or trust. If all else fails. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income.000 . Management charges should be low (less than 1%). and they automatically invest it into the scheme. buying the shares or units at the prevailing price at the time. 4) Set up your regular standing order for a minimum of 10% of your gross (pre-tax) pay to go straight from your bank to the scheme. Then investigate the alternatives .
com for information on various expatriate havens around the world. Take a look at the British Virgin Islands. 4) Set up your monthly standing order to go into the second account for the rest of this financial year. which is just what you want. Mutual Funds and Investment Trusts. have a look at www. They will not give you any advice about what to buy or sell . Divide up the total amount that you have to invest. You are. Belize.. If you can't .7 Steps to Freedom by Noel Swanson Step 6 free. Don't try to second-guess the market.. At this level you move on from investing in Unit Trusts.. but it still -58- . Normally you can do this by phone. So. In Canada this is called a self-directed RRSP. Scottrade. Charles Schwab. Read it. many. trust. TD are examples. www. Note: these strategies will work equally well on your own country's stock exchange. You now have enough to begin investing in individual shares. or whatever if you can).uk run a self-directed Maxi ISA. provided you can find the information you need. I know its boring. Just follow the instructions. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. Goa (India).but you don't want that anyway. Follow 0'Shaughnessy's instructions exactly . In fact. when you could move to one of these places and live like one right now? Anyway. and a very low cost of living. Why struggle to become a millionaire. There are now many. 2) Invest the maximum amount you can into the scheme. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company.co. E*Trade. looking for minimal set up and maintenance charges. Isle of Man. this is what you do: 1) Find a tax-efficient scheme that allows you to make your own choice about what shares to invest in. back to the plot. You will earn a higher return than Plan A. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8).then just invest in US shares (provided your scheme's rules allow it. and spread it evenly across the 10 shares that qualify.. Vanuatu. again.it is very little work. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. You are also looking for low trading costs (commission on buying and selling shares). Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow". but also they have lovely climates. Philippines. fax. Yes. So for not a lot of money you can live like kings.. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). and so on. Just do it. The only thing that stops you is your fear.sharepeople.escapeartist. These are known as discount brokers. All they will do is take your instructions and act on them. or online. In England.
Maybe you will over the short term. perhaps in 2004 or 2005). it may well be a rocky ride for the next few years. mechanical plan for comfort. just because the market has gone up for 40 years doesn't mean it will go up forever. that Reasonable Runaways has significant volatility.000. That means that some years you may make a loss! Overall. In fact. long-term plan. Then move on to Plan C. But be warned. probably the safest bet would be gold (if you want to read more about the likelihood of a depression. I would tell you to keep your money in cash until then. put the money away each month and forget about it. Plan C . Any less and you could be in for a nasty shock if luck is against you. Hmm. and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . which defeats the object of having a mechanical plan. But that would mean you have to get into the game of trying to predict the market. just follow the rules. soon (i.e. But for your boring. And even cash might not be safe. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways. passive. Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very. Please note. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). In fact probably quite the opposite. and then invest after the crash (always the best time). sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. But this is supposed to be a mechanical. read Financial Reckoning Day and Conquer the Crash). however. the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy.000 Now you are really rocking. So. you should make 18-19% return.current investment of more than $50. On the other hand.4 of Plan B. We are probably even going to go into a depression as serious as the 1930's. or the combination of the two). But you must view this as a long term strategy of at least 10 years. no-brain. Follow steps 1 . however. Leaders with Lustre.e. if I knew for sure the market would crash next year. At this stage you can go for a full-blown diversified portfolio of 25 different shares.they don't! Second. and then tell you the market will crash? Tricky. I. and you may start panicking that you are losing instead of making money.7 Steps to Freedom by Noel Swanson won't be 20% Step 6 6) Continue with this strategy until your total portfolio is worth $50.but do you have a better plan? So how come your not already rich and free? -59- . I don't have a crystal ball . very.and don't let any fancy market analyst tell you that they have . Preferably 15 or 20. First.
Follow the instructions religiously. as a result. Hopefully it will prevent you from being poor. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. this is my suggestion (and it is a suggestion only. That might cost you big-time if. by the time the crash comes. There are NO guarantees in life. So play for the long term. You can literally forget about them from year to year. But none of this is applicable to your plan for comfort at this stage. That is what this is all about. You can even learn to make money when the market is going down. Don't wait to know more before you start . you will have learnt enough to be able to protect yourself from it. before too long will probably start to take a more active interest in your plan. and have a backup plan. you are asleep and oblivious when the crash comes.Your Plan for Prosperity! STOP! Before you go. I am not your financial advisor. They will take a few days to set up. The advantage of these systems is that they are completely mechanical and require no thought. once the plan is up and running on autopilot. It won't make you rich.7 Steps to Freedom by Noel Swanson Step 6 As you can see. Especially forget about it during the rest of the year . This is your Plan for Comfort. Hopefully. if you do devote yourself to developing your financial IQ. but it will require more work. Follow O'Shaughnessy's instructions exactly. That is the goal. That is not the goal. namely following the market each week according to some pre-defined rules. let me ask you one thing: Are you actually going to do it? Set -60- . In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. You can literally forget about them from year to year. Okay there it is: now you need to go out and make it happen.thinking about it will only make you stressed. get to work developing your financial intelligence. After the crash they will work again. so stop worrying about it and go and get a life! All three of these plans require minimal work. and then you just forget about them from one year to the next. The disadvantage is that they are completely mechanical and require no thought. The will work excellently up until we have a major stock market crash. You are on your own and you have to figure it out yourself. So. this is all about getting your head straight. Then. See you next week for Step 7 . In fact.you have to start pedalling the bicycle before you can start to steer it. Remember this is your long term back-up plan. You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility.
10. Alexander Elder (another psychiatrist. Beside you "can’t" spare the money right now. These are the best books I have ever read on how to invest (and I have read plenty). will you still be broke like you are now (And like 95% of everyone else)? Wishing you had started this 20 years ago? Or will you have a tidy sum in your investment account? Don’t put it off.there always seem to be much better/easier ways of making money than putting 10% into savings each month. You need know nothing about the stock market to operate them successfully.. you must first read Trading for a Living and Come Into My Trading Room. Step 6 Do you know why I say that? Because it is so boring . They are absolutely essential reading. I bet you don’t. I think you would be stupid to try to invest in the stock market (other than by a mechanical plan as above) without first reading them. If you are having any thoughts at all about playing the stock market in any way. do it now. In fact. 15 and 20 years will pass. And it takes so long. Who wants to wait that long to make some decent money? But you know what? 10. by the way!). Essential Stock Market Books The plans described above are completely mechanical. or The Richest Man in Babylon. -61- .7 Steps to Freedom by Noel Swanson up your comfortable plan. since you are then less likely to fiddle with them!. both by Dr. And when then do.. 20 years. 15. I mean. Two excellent books that have been widely read . it is probably better if you don't.yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy. In fact. Want to read more about this principle? Get hold of The Wealthy Barber.
Step 7 . 2) They keep you motivated. If you don’t then living your life is rather like getting on a bus without first checking on where it is going. If you do that. won’t get you there. of course. and then work downwards. and on your mission in life (Step 4. remember?). A bicycle will get you to the nearest convenience store. or find another means of transport. but hopefully they will. You need a vehicle. you won’t get on the bus that goes somewhere else. There are. at least. and stops you getting side-tracked. However. in themselves. This week we start to plan for the best. Your Plan for Prosperity is about Optimism.Your Plan for Prosperity A t last we are getting the meat of it! This is what you signed up for in the beginning wasn't it? I hope you realised now how important it was to cover all the other stuff first? So. you shouldn’t complain if it takes you where you don’t want to go! Dreams and goals do two things: 1) They keep you on track. the vehicle you choose depends a lot on the destination you have in mind. you will do what it takes to either find a different bus. Confidence? Your plans for Security and Comfort are about confidence. -62- . some of which are a lot easier than others. Which will suit you will depend on your dreams. here it is: your Plan for Prosperity. Over the last few weeks we have been planning for the worst. Without the passion inspired by the dream. Remember we talked about Optimism v. This week we are going to look at some different vehicles that you can use to get to your goal. But Dreams and Goals. they do fall into a number of categories. I will start with what I believe to be the very easiest ways to make money. as many ways to reach your goals as there are people. If the bus you are on breaks down. But you need a jet or a ship to take you to a different continent. Perhaps none of these will suit you. act as a spur to find your own vehicle for success. If you know where you want to go. But note again. you would probably just sit down beside the road and hope that someone comes to rescue you. By now you will have (I hope) some clear dreams and goals.
and so quick to produce results. Well I had to put this as number 1 didn't I? There is so much hype about the fortunes to be made on the internet. People who are selling products or services need customers. however. you are going to have to run a business of some sort. and persevere. They can only get customers by getting the word out and telling them about their products. like newspapers. direct mail. you can become very wealthy indeed. Both of these make it ideal for the keen and determined newbie. Or they might buy their position through Google Ad-words. through which business can be conducted. The beauty about it. in order to make money. the more money you will make. and the greater the number of people. To do this. is that it is so cheap to get started. To do this they need to advertise. be induced to buy. in order of preference: 1) The internet.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. Almost always their goal is to attract people to visit their website where they will.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. in turn. In the end there is nothing special about the internet.the majority of websites make no money. radio and TV. the reality is that it is like anything else .com -63- .and then find a way to be at the top of the list. if you are to be the one that makes the money from the service you provide. But there are many ways of doing the above. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . here are my suggestions. You don’t get rich working for other people . The greater the value of that service. or Overture. they might employ various search engine optimisation strategies. But if you get it right. you will have to provide a service to people. But what is the truth? Well. So how do you make money on the internet? Essentially you have to do one or both of the following: a) sell a product or service b) sell advertising There is no other way. work hard. It is just another medium. Except in very rare situations.
With my program. Now. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. 3) Send out regular email newsletters to people who have expressed an interest in their product. 7) Sell the product by auction using Ebay or similar. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. you will earn 15% commission on everything they sell! A good affiliate program will provide excellent training on how to become successful after all it is in the company's best interests to make you as successful as possible. most will provide regular emails. Here are some ideas to get you started: 1) Join an affiliate program . once they have successfully sold to a customer. But again. they will want to sell to that same customer again and again. you would be wise to invest some money on further training and education. Then. service. if the web pages get a lot of traffic themselves. But that is only worth doing.either as a seller of a product yourself. Better still. if they then become affiliates themselves. there is a host of ways in which you can get involved in the above list . free ebooks and other tips and tools to get you up and earning money as quickly as possible.50% commission. or as someone who provides services or products to assist in the above process. Joining an affiliate program is probably the easiest.such as my own (click here for more details about my own. and certainly the cheapest. if you want to make money from the web.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages. way to start making money on the web. for example. if you don't want to waste a lot of time and really want to make the big time. and then pay them a commission for each sale. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. You can get started with absolutely no capital. 5) Recruit other people to sell on their behalf. Like mine. and some other excellent affiliate programs). or company. you will earn a 40%. They will normally do this by repeated e-mailings to their client base. These sales people are called affiliates or associates. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. every time someone buys something as a result. -64- .
At this point you can then sell advertising space in your newsletter. games. etc. Again. At first sight this appears expensive.com for an example of a very simple site that attracts people for the free service. But the bottom line is that you need lots of people to show these ads to.this could be the number of visitors to your site. knitting. full of content. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. Commission: You get paid for each sale. when you work out the cost of all the services they provide. or the number of people in a mailing list. The great thing about Google's ad sense is that the adverts automatically customise -65- . 3) Develop your own website. ice skating. that attracts many visitors. However. In fact. One with a lot more content is. How do you build a content-rich site? My recommendation is to go to Site Build It. of course. they will start to listen to. This is the method used by Goodgle Ad-sense.so I can highly recommend them from personal experience! Click here for more info. This is the affiliate model. by providing some kind of free service. All of these work. and how to avoid the common mistakes people make. not a mini-site (more on those later). this is for building a contentrich site. You get paid for the number of times the ad is shown .you get paid for everytime someone clicks through on the ad. plus the fact that they walk you through every step of building a successful content-rich site. Yahoo. pets. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail.7 Steps to Freedom by Noel Swanson Step 7 Frank Garon and Terry Dean's tape set "Instant Internet Income Streams for Ordinary People" explains step by step how to get started.so make your site interesting .on football. PPC: Pay per Click . And you can get everything in-between . if you are going to make some money . 2) Develop your own mailing list of opt-in subscribers. movies. Take a look at anonemailer. and trust. Note.for example. it is money well spent. etc. the more money you can make by selling advertising on your website. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. or better still. or suggest products from which you will earn a commission as an affiliate. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. your advice and recommendations. skiing. it was these tapes that got me started on my journey to internet profits . but clearly have pros and cons. But the more visitors you can get. It can be about anything in the world.
$10 a day. or how to be a better transvestite. a newsletter. whatever. What are they? Well. The key to both of these is to find a niche. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well. Even better. The good news (of course!) is that I have put just such a bundle together for you. Examples include: accounting services. and online gambling is a close second. each focussed on one niche product. or how to collect bird feathers. and so there are huge industries trying to exploit these "niches". But. I know.you sell a retail product or service that the ordinary man in the street wants for personal reasons . tools. But if you had a hundred. autoresponders. Why? Because most people would be too embarrassed or ashamed to admit that they are involved in them in any way (and most of them are NOT involved . so cannot point you very far in the right direction. to find a niche that has a desperate need that is currently poorly met. if your morals and ethics permit you.lest any of the internet gurus start accusing me of libel!). One way of using this strategy is to put up hundreds of different mini-sites. Essentially this falls into two types: B2C . 5) Not for the faint hearted. -66- . etc. they might be worth your consideration. a boat.you sell component parts. Each site might earn only $5 .g. a car. as a newbie. Obviously Money.Business to Business . services or information to other businesses to help them to succeed. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service.Business to Customer . Be aware. I will be quick to point out that I have no personal experience of either of these. you would be far better off looking for small niche markets like teaching your parrot to sing. and Health are major needs that everyone has. B2B . yet are rarely talked about in internet marketing circles. graphic design. tools that help automation. you need some tools. how much would that earn you? To do this quickly. Click here to see how I can save you a bundle of time and money in getting your niche mini-sties up and running in no time. however. e. But. But the point is that there are countless tiny markets waiting to be filled. There are two other businesses that earn people huge amounts of money. Have a read of this free ebook for more information about how to find and use niche markets. hairspray. pneumatic drills. Sex. skips. search engine optimisation.it might be a novel. pornography is the biggest.7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. I am quoting silly examples.
which might cost you $100 . How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. So. So be very careful about what you go for. or you will have to spend long hours hunting for it (and remember. but either it will be of poor quality. Click here for information on starting an online casino. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. persistence and. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook. different from mainstream marketing. do your homework before you dive in. your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. very. I do have something that could get you started. If you want good quality information then you will either have to pay for it. time is money). you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. There is a very true maxim about information. or sets you off in the wrong direction. In other words. then you are probably well advised to buy a full package of advice and tools. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. once again. And do stay on the right side of the law. That in itself is a problem as you just don’t know where to start. How long it takes you depends on your determination. you can quickly find a lot of information. than to try to do it on the cheap by -67- . especially on the web: Information can be: Free Quick Good but rarely all three. okay then. probably most importantly. so it is ideal for starting alongside your regular day job. of course!): If it is bad advice. There is loads and loads and loads and loads and loads and loads of information on the web about how to start and run an internet business. or you will have to pay for it.$3000. you can fit it around your normal daily schedule. If you are really serious. Oh.
how do you get it right in real estate? Do the sums. Ideally you want to find properties that are being sold in distress . Carry out your due diligence. again.the Golden Mailbox. then you would be better off just investing the money in the bank. if you make any money. So check things out. At an auction you can easily end up paying MORE than the property is worth. has been there. but once you have it. If you rent out. Get them. or else rent out.e. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. 2) Investing in real estate. so don’t be afraid to buy their expertise. is not a hamburger business. -68- . the NET rent (after all maintenance and management costs) needs to pay more than the cost of a 100% mortgage (this is true even if you are not using a 100% mortgage). So if you get it wrong it can be a slow and very painful death. you are going to be involved in real estate deals. McDonald’s. Check the location. Obviously this eliminates most of the risk. done it. repossessions. If it pays less than this. That means that any rise in its value is money that you are making out of thin air! It also means that if the property goes down in value. Then you need to either renovate and sell at a profit. for example. It is a real estate business that uses hamburgers as its tool. and is able and willing to share it. Auctions are a good place to look. location. It is not difficult to buy properties for no money down. you don’t need anything else to get going and to become successful) So. So. the same applies for every other business . location. where do you start? My recommendation is to go to someone who knows what he is talking about. will cost you some pennies.g. Sooner or later. Also go and visit Frank Garon and Lee Benson. for example. then you might have to pay out money if you want to sell it. The resources I have recommended above are invaluable. This means you can buy them below market value. These guys are the very best.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. (Actually. But be careful.99 or whatever. that are in an area that is clearly on the way up.
if this takes your fancy. taxation. broker's commission. First do the preparation. Stay out of a deal until you are confident (i. However. You have to do your research. The best way of all would be to get a job as a real estate agent. you have a plan for if it all goes wrong).e. Remember luck = opportunity + preparation. you have to do it accurately. Also look here for ideas on how to buy with no-moneydown. and even the selling costs. Do not try to jump into this as an amateur. how to survey a property for yourself. And then they wonder why their "perfect investment" is eating them alive! Clearly. one absolutely essential tool that you need for this is a Real Estate Profit Calculator.. That is not true. Ultimately. renovations. Look at lots of properties before committing to buy . A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . therefore. and then calculate your projected profits or losses. to retire. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time.the buying costs. Also is is probably not a good time to get on board as an investor. A good one will prompt you for all the important figures. Don’t be reckless. here are my recommendations: Take the time to learn the business. That means two things . The average length of a property bull market is 7 years. A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process. taxes. So do your research and studying now so that you are ready to go when the opportunities strike. etc. landlord-tenant laws.providing you with a very comfortable passive income. Just one point of warning. legal fees. Start with Robert Allen's book. as more sales means more commission. Don’t be just optimistic. This one has been going on for 10 years or more. local planning permission rules. Learn about financing deals. you are probably going to want to have a portfolio of income producing properties. So. You also need to supplement that with learning about how to invest for yourself (i. allowance for vacancy rates.e. At some point there will be a correction. not now. At the moment (2004) we are in a property boom. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . But it is not enough if you are about to invest thousands of hard earned dollars. this in itself will not be enough. not just how to sell to other people!).you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers. That will be the time to buy. You should do these calculations with your -69- . In Japan property prices have gone down by 80%..it is a great time to be an agent. What is more. perhaps a major one. People say that property will always go up.
Obviously this is a very small example. so once you know your stuff. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen. Only when you have done all of that. that you will give back to me just 25c. As you can see. if you can become an expert on marketing. and only earn later. You will have to be confident of what you know. However. and you would have to protect your interests in setting it up. I will even design specific campaigns. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). Although you can do no-money down deals. one-off fee. I will do all of this entirely at my own expense at no upfront cost. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose. depending on the size of deals you area wanting to start off with. You will need to be an analytical and creative thinker. for example. this proposition carries no risk to the company . And you will have to be prepared to work first. Don't try to do real estate investing without it. you know of an excellent restaurant. (But then that is true of every business. wouldn't it be lovely if the restaurant presented her with a large bouquet of flowers? So how about you approach the restaurant and flower shop and broker an arrangement between them so that the restaurant can offer this service to their clients? Naturally you would take a cut out of the deal .) Apart from your initial learning costs.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. Far better than just charging an upfront. Clearly you will have to do some studying first. Then you might have to do some jobs completely free of charge. if you take your lady to a restaurant for a special occasion.g. realistically you are going to need a bit of capital to get started in this. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile. All I ask is that if I earn for you a $1 that you would not otherwise have earned.yet offers to you enormous leverage if you can get it right. You can get your profit calculator from here. most ordinary companies are absolutely dreadful at marketing. making this kind of money should be easy. your capital requirement for this is very low. Similarly. but it demonstrates the principle. Now. And you also know of an excellent flower shop. and confident at approaching people and selling your proposal to them.and you would receive this percentage year after year.7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. -70- .
often in a very short time.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. as it is all done from a distance. That means you can run it in your spare time.by that I mean you have to work out for yourself. if you follow them then you can achieve your dreams. i. alongside your day job. In fact. and for an internet business. unlike the first business. again. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. and has low risk. It is not a people business. 4) Direct Mail and Mail Order My next recommendation is a home based business. you need not have any contact with anyone if you so choose. Click here for more details. again. more distant market. Or you can buy them wholesale. it can very effectively enhance both of these . Both have made millions from the business so can. You can create these: ink and paper. Who does it suit? Once again. It is a very easy business to run. It does also require you to come up with some products to sell. and requires no technical ability. It is very time efficient and.you can get started for under $1000 and build it up from there. information are ideal. but if you can put more money into it. and bringing your offline local business to a much wider.bringing your online business to the huge offline market. naturally. and do. so there is a huge market offline for the same information that is selling online. The principles are very easily learnt and. allows you to multiply your efforts for maximum profits. tell you exactly what to do and how to do it. -71- . It can be started on a shoestring. and I will point you in the right direction. Why have I put this in the number 4 slot? Because it has unlimited upside (Ted Nicholas made over $200 million off just one product!) Requires minimal time.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . has been used by countless people to haul them out of servitude and into the ranks of the wealthy.e. Indeed. you are pretty much on your own with this one . this one can work for pretty well anyone. exactly how you are going to run it. The principles and techniques of direct mail are also invaluable for both a conventional offline business. until it provides enough for you to retire. Remember that most people are NOT on the internet. However. (But then that applies to just about every other business I can think of!) Risk is low . then you can grow it much faster (which is true for pretty well any business).
of course. But they also give these sales people the authority to recruit more sales people. goes not just on selling products. as with everything else.and the people they recruit . There is no question that done right. Now.and further on. right. this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. The emphasis. On the other hand. Done. You -72- . except that it goes several layers deep instead of just two. Now your prospects. In case you are not familiar with it. The internet has. therefore.provided you can build a large team. Rather than opening up an expensive store. But still you need to be good at communicating. changed all of that. And you can grow your team much faster than every before. or selling by direct mail. And then they reward you for the sales made by the people you recruit . The business model is very sound. and done diligently. In pre-internet days.7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. and you can have hundreds of people out there selling stuff . and your team. they decide to use sales people who are paid strictly on commission. Works great for the sales agents (that's you) also . is that the majority of people who get into it never make a dime.they just pay on results. the reality. MLM can bring you a very substantial passive income. think again! Network marketing (also known as muli-level marketing.and you get a small commission on every item they sell! Works great for the company . or a consumable that is used daily . like a subscription. but also on recruiting more people to sell products as part of your team. may live in any country around the globe. but well established type of home based business Network Marketing.like soap or vitamins) that it wants to sell. MLM) has come a long way over the past 30 years. This is identical to an affiliate program. down through many levels (hence MLM). you either love it or hate it! But if you are thinking of dragging all your friends around to your house to hear you present something on a whiteboard about how they can make money from selling soap. and good at motivating people. to be honest. the concept is simple: The company produces a product (ideally one that has repeat customers.
a lot of money. right?). check these five out carefully. that they provide a lot of training and support to help you become successful. when you wonder if it is ever going to work. You just have to want your dreams badly enough. perhaps most importantly. Hang in there and just keep working the system. And you will have to love talking to people. frustration and disappointment. Different things suit different people. you will experience times of excitement and exhilaration as you see your dreams getting closer. a great product (that you would use yourself) and. nor do any of them guarantee success (which is why you are still working on your plan for comfort. Are there other ways of making big money? Of course there are. Be wise and get the knowledge first. Be very careful which programs you join. Quitters never win and winners never quit. so you should know about them and consider them. None of them are a free ticket on the gravy train. after listening. and a lot of grief. Then all you need to add is your own enthusiasm and determination. determination and perseverance. personally. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. You don’t have to be a genius. Next week we will look at some other ways to make money. But these five. do not waste time and money fumbling around trying to find a decent program. Or.7 Steps to Freedom by Noel Swanson will still need to use the phone. In the meantime. My guess is that one or other of these is just what you need. are the easiest and most reliable for the ordinary person to get into. Either way. you will have saved yourself a lot of time. For all of them you will need commitment. Some have been around for decades. Click here for more info. This will absolutely get you off to the very best start. Others sprang up last month. When you embark on them. I believe. Want to know how to get started? Whatever you do. You will also have times of deep despair. makes half his income from his MLM team. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. Make sure they have a strong and reliable history. -73- . you may decide that MLM is not for you.
After that he then starts a completely different business and becomes a multi-millionaire. Why does all that happen? He makes his first fortune because he is able to see the opportunities. personally. Now. Keep listening to tapes. or marketing director. if they suit you better.it is the way they think. you are still limited by the amount of work you. provided you are willing to learn from them. and only 25% in the vehicle or tool you use to achieve it. or else they require much higher levels of start-up capital or specialist expertise. Are you an expert at what you do? Have you been working at a high level in a traditional big business .perhaps as a senior technical advisor. The only thing that stops you is your fears and your ignorance . the more opportunities you will see. Here is a common scenario: A young entrepreneur develops a new business and becomes a millionaire. This week we examine some more ways of making money. Consulting. no matter how much you charge.Step 7 cont. then go for them! 1). Success is 75% in the brain. Also. What you do not want to do is to offer your expertise as a flat fee or a fee per hour. Once again. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. He learns from his mistakes. and the more you raise your financial IQ.More Paths to Wealth A re you starting to get excited about the possibilities? There is more than enough money in this world for you. But the key to making big money in this is in the way that you do it.and both can be cured! Keep reading. can fit into a week. once you stop working. If you do that. But still. me. These are either much harder and more risky than my top five. Instead. and all your friends to become fabulously wealthy.? If so. etc. He loses the fortune because he lacks the financial intelligence to safely manage his success. then you might be able to branch out as a freelance consultant. So that value -74- . nor luck . The more you develop as a person. Mistakes are not bad. The business then fails and he goes bankrupt. The difference between the rich and the rest is not their special skills. your income also stops. . the goal is to leverage your time and expertise so that they work for you. nor their better intelligence. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. you may have thought of this before. or senior manager. otherwise they would not think of hiring you.
or sideways. risk has to do with ignorance. Then start trading with a "virtual portfolio" before you put any real money into it. then they pay nothing. Whatever you do. don't stop doing that! If you choose to take up investing as your Plan for Prosperity. But the sophisticated investor is making money. It is expensive. The most recent boom (most of 2003) seems to have come to an end and now the market does not know what it is doing. I consider the number 1 most essential books to be those by Dr. we have already talked about using the Stock Market for your Plan for Comfort. or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. Remember. or of the amount your expertise is saving them. that ordinary people can use. To be consistently profitable. you need to have a very disciplined system. as you become wealthy. Whatever you do. The average man in the street . you will be developing an investment portfolio. Over the past 3 years the stock market has been going up and down like a jack-in-the-box. it is unlikely to be the means by which you achieve rapid wealth. Once again. that is fine .remember.7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. To do this you will need some training in marketing yourself. However. or else decreased expenses for them. That is so important. It is very easy to get burnt. -75- . 2) Investing. There are systems that work. But unless you are very clever. Start to develop your investing knowledge. But if you can improve their bollom line . and in negotiating. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. the key to building wealth is first to not lose it! As Robert Kiyosaki says. he lost money too! Ultimately. You will also find invaluable help from the tapes by Nightingale-Conant. So how do you make money on it? Two things: knowledge.each month. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham.if your consulting brings them no benefit. How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. year.and indeed the average "expert" is losing money. Now. But you have to stick to them over the long term. don’t listen to your stock broker . Return of investment comes before return on investment! As I have said before. and a system. down. it can certainly be the means to maintain and even multiply your wealth. In other words you work just like the lawyers do with their contingency fees .as long as you also continue the boring Plan for Comfort. Either way.then you receive a percentage . as you develop your wealth through other means. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market.
Finally. then you are laughing all the way to the bank. you rent the system to other businessmen. however.5 years! With business no. On the positive side. Get those first. Obviously if you can be the originator of a successful franchise chain. There are. most businesses are not making their owners rich . or the money for the books. Yes. then you need to stay well clear of the stock market! 4) Franchises. there is a cap on how much you can earn. McDonald’s is the example everyone knows about. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget.because they are the ones doing the multiplying. using the exact same formula. But there are much smaller franchises also. which is all handled centrally. because it is a low risk way of getting into business . Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. and still potential for losing everything (it happens . my assessment is: high cost to get into. High capital to get started. If you can't afford the time to study. First you develop a business that works. And you won’t make any money for the first 3. you are pretty much guaranteed to make a profit from the business.even to McDonald's) 5) Traditional Businesses.not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So. as they have done so in the past.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. The system now works.someone has already taken the risk and done the work. and all you have to do is copy it. You cannot multiply your business . Then you roll out that business in multiple locations. Be careful with the small ones (like wheelie bin cleaning.they are merely -76- . But rather than risking your own money on it. as all the details have already been worked out for you. This means that there is quite a high barrier to starting up.but then the whole idea is that you are trusting them to do it right. Almost certainly long hours. two problems: First. But is it a good plan for the franchise buyer? Yes and No. Headaches with staff and government regulations. and limited upside potential (although you can still get pretty rich from some of them). and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free . you have to pay the franchiser a start up fee in order to learn the system and get on-board. A brilliant concept. It probably costs about a million to start up a new McDonald’s franchise! And even to run a wheelie bin (type of garbage can) cleaning service in England costs £7000 to get into! And how much money can you make doing that??? Also you have no control over how the marketing is being done .1 (from last week) you could already be retired by that time! Even then.
or the internet. Yes you need good products. not yet anyway. how is this for a plan: Build it up as quickly as you can to a highly profitable level. That's right. or I will refund the entire cost. traditional business. you are not fully convinced that will have paid for themselves 10-times over. The good news is that both of those can be fixed! Provided you are prepared to do your homework. Yes you need good customer service. I know. Use what you have learned from them for a full year. The fact is that whether or not you end up using "pure" mail-order. I will refund you your entire purchase price without any quibbles or hassle. these materials (together as a bundle) have to earn you at least 10 times their purchase price. Then start to learn about advertising. Well. -77- . What then? Well. Take a look at the owner of your local high street store (non-franchise). you are not running a mail-order business and you don't know anything about marketing on the internet. Do you think he is getting rich running that??? Think of all the overheads he is paying. In fact. of course. For that reason I would suggest you take some money out of your next advertising budget. guess what? Almost certainly the key is going to be the marketing. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. and buy both of these resources instead: a) The Golden Mailbox and. Go get them now. If. they will work whatever country you are in. You are going to have to do something a bit different if you are going to stand out from the crowd. But you can have all of those and still go broke? Why? Almost always because of either poor marketing. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. b) How to Promote Your Offline Business Online I know.). or poor cash-flow management. The first place to start is with the financial management. and then sell it. How do you build it up? Ah! Now there is the rub! Well. by the end of that time (or at anytime before then). Go see your accountant and plug all the holes through which your money is leaking out. maybe you are already in a traditional business. I am so convinced of this that I want you to order both these materials right now (click here to get them together as a bundle for a special price .7 Steps to Freedom by Noel Swanson Step 7 getting by. and turn your traditional business into your retirement cash cow. Okay.and yes.
And again. they re-issued the first novel. and get out there and strut your stuff. why did it make it the second time? It takes persistence to write a second one when your first one made no money. do your art as a hobbie until it starts to pay off! Finally.e. is about leveraging your time. This time it sold hundreds of thousands. or that will reward you in proportion to your success. not your time. Later on. -78- . But only try it if you are a genius at selling. Work hard in the early years to develop a large client base. Study and learn. And stick to it. Take John Grisham as an example. His second could just as easily have flopped again. Above all. So what was the difference? Why did it only sell 5000 the first time and yet so many the second? If it was that good. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. You get a good sized commission cheque up front. but most will fall into the above categories. Right. If that is you. And learn about doing Joint Venture and percentage deals . You sell one policy. and with luck ( dare I say that word?) and timing. There are as many ways to make money as there are people. Learn all you can about marketing. In this case it is about selling things that produce a long term residual income. i. Choose one (or maybe more). please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). Read all you can. developing your mind and your skills will be crucial.don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. once again. The key. Invest in your financial education. But once again you have to do it right.even if only for a day! Click here for the low down! 7) Sales. year after year you get a smaller cheque each time the client renews. You can't do them all. why did it not make it the first time? Or if it was that mediocre. music. acting. The classic example of this is life insurance. you might be interested in learning just what strategies and tactics people like Mark Joyner use to get their books to the number 1 bestseller slot . sports. if you have already written what should be a best-seller. that’s about it. Much has to do with who you know. And then. and you can continue to receive these cheques for many years to come. then by all means exploit it. Find a brilliant agent and marketing manager. then you can use your talent to set you free. Keep working the system until it works for you. If you have a genius talent at something. His second became a bestseller. His first novel sold 5000 copies. be focussed.writing. Some people are born salesmen.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . Would he then have written a third? Would that one have been discovered? If you follow this path.
The choice. Or you can work your own plan .probably for only a few years . But even here you can be smart. if you want to build up a real estate portfolio .and then be FREE.40 hours a week for 40 years to make someone else rich. For example. as they say. Remember . and at the same time you are increasing your knowledge about the market as well as meeting the right contacts.then why not get a job as a real estate agent? That way you earn money today. -79- . is yours.you can either keep working the 40-40 plan .7 Steps to Freedom by Noel Swanson Step 7 To start with you will probably have to continue with your day job until your plan for prosperity starts to pay more.
the athletes. the inventors. mindset! Everyone who is wealthy says "Read the books. Inner Circle. guess what? You need to WRITE DOWN YOUR PLAN. Poor.evidence that you are not content to stay as an ordinary Joe. I’ve heard all this before. After that you maybe had further education or vocational training. and Rich. We have covered an awful lot of stuff over the past few months. They certainly transformed my thinking! Now that we have been through a bit together . At the beginning I was talking about dreams and goals.and if you have genuinely done the exercises you will have done some hard work . Remember. show that you have got what it takes to make it big. Ask the businessmen. employee. many of them spend literally tens of thousands of dollars doing so. At school you had 12 years of indoctrination. So now. You see. Dad. This is attested to by everyone who is a self-made success . knew better than them! Which is. change the way you think.Step 8 . your Plan for Comfort -80- . it is how you think. the artists.. we have reached "the end". about possibility thinking. the key to wealth is not what you do. not the finish. to keep you on track. in your daily-grind job.. you need to write down what your three plans are: your Plan for Security. like The Midas Method. the edge that separates the best from the rest is their mindset. I recommended them because I think they are the best. Yet you. In every case. also teaching you how to be a good employee."how is this going to make me rich?". and you probably did not buy any of them . the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old.The end is the beginning S o. yeah." In fact. listen to the tapes. Of course you and I know that it is just the start. indeed. of course. But what has this to do with me becoming free?" I also recommended some reading. So the end really is the beginning. After all that brainwashing it is going to take a bit of time to get your head straight. We have gone full circle. teaching you how to be a good employee. the explorers. about daring to believe. Dad.in whatever field of endeavour they are in. That you have made it to here does. At the time you probably thought "Oh. So where do you go from here? Well. why you are poor and they are rich! But you have stuck with me this far .I hope that it is all making more sense to you.
the daily. Strand 2 . on a piece of paper that you can keep going back to.g.to buy one property every 4 months activities . along with this book.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do .open up account. listen to 4 tapes.Real Estate goal . You might categorise this into categories or strands: e.Investment goal . Strand 3 .first will be your to-do list.long term build up of capital activity . or opening an investment account. There will be two parts to each of the three plans . Step 8 I mean actually write down.Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . or writing your will.regularly read Property Auction News. subscribe to auction house mailing lists. Things that you need to do in order to set the plan up . research shares using his system. -81- . weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire. Then the second part will be the more general strategy. Put it in the back of your ring binder.Education read 2 books a month. Strand 1 .7 Steps to Freedom by Noel Swanson and your Plan for Prosperity. attend one business training seminar.like making an appointment with your independent financial advisor. go and look at 3 properties per week.
But even if they are not.some general motivational stuff to help you to keep going even when it gets tough. or that provides me with the learning opportunity I need (e. if you are running an internet business. you will still learn something from each and every one. At then end of this email you will find a short questionnaire. Also. you will have an excellent opportunity for promoting that business further (see below).Job look for a job that frees up more time. tips. if you know of any good resources or links. You need a combination . Through my newsletter I will continue to provide you with motivation. Similarly. They are hardly uplifting! Instead. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. -82- . then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others.7 Steps to Freedom by Noel Swanson Strand 5 . I would also really like some feedback. Why will you fill it in? Well. then I can pass them on to others. get yourself into a programme of regularly listening to those tapes and reading the books. encouragement and also some recommendations for further learning and training. Notice Strand 4.g. and send it back to me.become the best. If so. then doing the questionnaire will be a way of saying thanks. I am hoping that you have found this FREE course to be of value to you. please tell me. Buy them. and also more technical. In this way we can help each other. One of the most crucial things you need to do is to build in a regular habit of feeding your brain with healthy food not junk! Garbage in ! Garbage out! You need a regular diet of positive possibility thinking. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). real estate agent) Step 8 And so on. Please would you click on your "reply" button. If you have some favourite books that you recommend. No. fill in the gaps. If you have not enjoyed the course. Whatever business you have chosen . not every one will be the best book you have ever read. educational material about the specific business you are in. I will certainly try to pick the best ones that I know of. then please let me know so that I can pass that recommendation on to others...
right now. Now. But I hope it is not the end of our association. I have given you a lot of valuable free information." Okay. for example. Never give up. As I said. the Inner Circle testimonials). then please get in touch.in all areas of your life! If you have any topics or questions you want covered. Just send me an email at noel@7stepstofreedom. These may range more widely over other issues such as home life.com and tell me what you think.perhaps we can start a bit of a dialogue through the newsletter. links to useful sites. parenting etc. Would you please take a moment. in return. remember what Sir Winston Churchill said: "Never give up. cash generator. Don't forget to turn over to the next page for the instructions on how to brand this ebook and use it as your own. Remember. What has been most useful to you? How has it made a difference to your life? Is there anything else you would like to have covered? If you are sending me compliments. I will be in touch from time to time with recommendations on reading materials.. -83- . Never. if I publish it on my website (see. to give me some feedback. Depending what it is we may be able to work out some kind of deal! . Never. I am asking you to do one simple thing for me. Thank you for your feedback! Keep working your plan. personal. my goal is to help you to achieve success . as well as financial. Noel Swanson P.7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. including internet marketing. S.. Also. please also include a URL to your website (a great way to promote it) and maybe even a thumbnail photo that I can attach to your testimonial. then please tell me . and special offers on my own and other people’s products. Never. if you have any products that you would like to offer to others through the newsletter. Your friend.Joint venturing is always the way forward! So.
and sign up to my affiliate program. 4.zip file.) You will know if you have. replaced by your 4-digit affiliate code.How to Make Money from this Ebook 1. asking you to automatically save the PDF under -84- . Click here.comEnter your email address as you want it to appear on the front cover 5. You can either brand this book. Write it down! At this point you have two options. and drag-and-drop the PDF book into it. Or you can simply tell your friends about the book and point them to my website. of course. you will earn a commission. 3. Open the 7steps. Run this program. since it will be called "7stepsbrandable. The brander will then come up with a dialog box. you will emailed your unique 4-digit affiliate code.com/x. Click here to download your brandable version of this ebook (if you have not already done so.exe. you will earn money when they pass the book around to their friends! How bad can that be??? To tell your friends about this book Simply use this link: http://7stepstofreedom. The Brander will then come up with some codes and ask you for input as follows: 5134 Enter your 7 Steps to Freedom 4-digit affiliate code Illya Mahatma Enter your name as you want it to appear on the front cover www. I will even introduce you to some other well respected and high-paying affiliate programs. To brand your own copy of this ebook 2.php?adminid=483&id=XXXX where XXXX is. It is absolutely free. It's that easy. and you will find the branding tool. and pass it out to your friends by email or on disk. click the "Brand!" button. What's even better is that when they then sign up as affiliates. PDFbrand. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate. Once you're finished entering your details. Either way. When you sign up.pdf".com Enter your full website address WITHOUT the http:// eidetika@yahoo. if at any time in the next year they buy anything from any of my many websites.7stepstofreedom.
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and/or if you have a thumbnail photo of yourself that I can use. unless you specify otherwise. I shall assume that you are happy for your comments to be printed or quoted on my website. and the odd bit of rambling or ranting. it all helps in promoting your own website! I look forward to hearing from you. town).S. great wisdom (!?).g. Yours warmly. In the meantime.. For whom is it intended? Anyone who wants to see life improved for themselves and isn't afraid of putting a bit of effort into making it happen.com +44 (0) 1329 513296 (UK time zone) P. please do attach that as well . Normally. stories and suggestions./?:'@~~\=+ -86- .. Please would you take a moment just to send me a short note with your feedback? Your comments may also be of great interest to others who are wondering if this book could help them solve their problems.com/index.In addition to valuable tips. Did you sign up for my FREE newsletter? If you were given this ebook by a friend you are probably missing half of the benefit! Take yourself over to www. you will also receive frequent free gifts and some very special offers. Naturally you can unsubscribe at any time. Noel Swanson firstname.lastname@example.org.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences. If you would also like me to quote your website URL. successes. I would also cite your name and general location (e. I wish you every success. So.7stepstofreedom.html and sign up . ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_.
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