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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.
and emotionally free. I'll tell you what. Do them! This book is not light bedtime reading: it is a workbook. It will take you about 10 minutes to complete. The door is stiff and heavy. that you have sufficient financial resources that you can -5- . 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. And I will use the term "retiring" as meaning the same as "financially free" . for most people. you will learn how to think! Because. Go on. So where do we start? Well.i. it is not your boss. How to maximise your use of time How to remove the clutter from your life All this. For that reason I strongly suggest that you print out this entire book now.) Then go to the Table of Contents and start on Step One. lets get started. Oh. your spouse. one more thing. (Just click here and you will be taken right there. Okay. the two biggest hurdles they face are about becoming financially free. your poverty. It is your own mind. In the following chapters. You will have to work at them if you are to successfully open them I will show you what to do.) So I will use wealth as our prime goal. the blueprint for a better life. But you are the one that has to do it! And so. Why? Because. and will cost you not one penny. 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. I will talk much about "retiring" and "building wealth". The lock on your dungeon is rusty and difficult to turn. and much more. 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. as you shall discover. 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. as you work through this book. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. you will find tasks set for you. the first is usually the most obvious (although probably not as important as the second. or your disabilities that keep you enslaved.e. But above all. And of these.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight.
See you on the other side! Noel Swanson -6- . But perhaps you have different priorities and goals in life? No matter. "Retiring" does not have to mean you never work again .7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. Great! As long as that is your choice and not a necessity. Just follow the instructions and you will get there. The principles will apply in exactly the same way.you may like your career and want to continue in it.
only to repeat the same exercise day after day. Of having your house repossessed. perhaps ill. neighbours and relatives. let me ask you why it is that you. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years. So why do you do it? Let me tell you why: FEAR . Of being destitute and dependent on a state pension when you are old and frail. with free time to do what you want . get up in the morning. Of not having clothes to wear. And at the end of it. You are afraid. and then come home worn out. 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. In contrast. Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. If that is not true. expenses and luxuries. So now you are old. That’s right.Step 1 . 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 ridiculed and pitied by your friends. for forty years? This is often known as the 40/40 plan . and 95% of the adult population. trade eight or more of the best hours of your day for a pathetic amount of money. doing a job that causes you stress and worry. Of not being able to feed yourself and your family. On the other -7- . you would cut your hours.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.except you have no money.40 hours a week for 40 years.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 . go in to work. 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.
safe to say. What makes them train and practice so hard. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. too old. Now. since money is such a big issue for most people. day in and day out? It certainly isn’t the money. They must win. really want. “If only I didn’t have to go to work every day”. At times you won’t feel like doing it . If you are serious about becoming free in the next 2 . too fat. making serious money takes commitment and perseverence. Take a world class athlete like golfer Tiger Woods. under. Those just won’t cut it when the going gets tough. These need to be so powerful. And that passion drives them on when others would give up. But once you have decided.7 Steps to Freedom by Noel Swanson hand. It is a deep seated passion . Henry Ford but it best when he said “Whether you say you can. too thin. it is extremely unlikely that it will be through your current job or employment. or 5-times Olympic gold medalist Steven Redgrave. and 2) A reason why. Things don’t always go as planned. the wrong sex. you are correct”. or you say you can’t. Step 1 So.both for their chosen sport. and so entrenched in your very being. then your mind starts to look for ways around. come what may”.just like when you don’t feel like going to the gym. you too need that passion. So what do you need? You need two things: 1) A clear goal. too stupid. Instead of “I can’t”. 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.8 years. -8- . you start to find the reasons why you can. 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. and also for winning. There is another aspect to this. too clever. There will be set backs on the way. all the excuses start to fall away. that they start to shape the way you see the world. or staying on your diet. Once you know what it is you really. a wish or an ought is not enough to keep you going for even a month. 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”. in your soul. and you set out to get it. or over the excuses. But. the wrong education. Most likely you are going to have to start some kind of new venture. and so on. if you like. once there is an iron-fast conviction in your soul that says “that’s where I am headed. Once your focus is clear. You will have to make some sacrifices.
Whether it is losing weight. 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 . and still interested in learning the secrets of wealth and freedom.nor how big or small your goal is. or starting any new venture or adventure. meeting more friends. getting fit. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. Of all the reasons why people fail to make it in their new venture. This is of vital importance. not just your finances. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. the lack of a clear goal. (however you might define success). 2) Why did you pick that one priority? -9- . you will find a strong and powerful passion that has driven them onwards. 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. It is this step that many people will skip over.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. those goals and dreams first. getting married. it probably won’t happen unless there is that passion. stopping smoking. What matters is that it is yours. Who would you listen to? Remember I said that you would need to do some work? Well. and it matters to you. and the lack of passion for that goal are the top of the list. On the other hand. they would say. for everyone who has made a real success of life. “What’s the point?”. if you are still with me. “Why not just get on with making the money?” So why is it that these people are broke.
g. In fact. What do you want for yourself then .g. “I will be in a 4-bed detached cottage in the countryside. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. As a first step. it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow. of course). Sounds crazy. what will you own? Be as specific and detailed as you can.”) Do not miss out this exercise . “I won’t be living in this dump”).and then right down your answers in as much detail as you can. look at what you will be doing instead (e.it really is vital. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here . Spend some time thinking and dreaming about this . This is why successful people are constantly reading and listening to motivational books and tapes. Avoid negatives .you have some work to be getting on with! -10- . 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. with the mortgage fully paid off.where will you be. go to onto the internet and get yourself The Midas Secrets package.don’t look at what you won’t be doing (e. and has invaluable lessons (provided you do them.you will want to be doing this everyday of your life until you reach those goals. I strongly encourage you to start to do so also. the more real your description. this is essential if you are serious about unlocking the doors to your dungeon. the greater chances of success. It is only a small investment in your future. what will you be doing. that’s enough for this week . the more vivid. The more detailed. Done that? Okay.
and the grit and determination to reach those goals.7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset. Step 1 Remember. you’ll always get what you’ve always got. Isn’t it time to do something different? -11- . if you always do what you’ve always done.
or else click on the link and it will take you straight to it at Amazon. some of these tasks are urgent. You will note that some of your tasks are important (by this I mean important to you). but that does not mean the task is important to you .Step 2 . If not .well. That means they need to be done now -12- .congratulations . isn’t it. 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.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. 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.What is Important? D id you write down your goals from Step 1? If you did . Well worth getting hold of.you have made a crucial first step to achieving them.although the friendship might be) At the same time. 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. 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. You should be able to get it from your public library.
Then. maintaining your house and car. but not important . or painting the house.doodling. the car does not have to be serviced this week.tomorrow is probably just as good. But these activities are important. you are probably getting stressed by all the Quadrant Two activities (important. Which you would. and your help would make such a difference to them.to you .it is important to your future . you would find that they actually help to prevent many of the Quadrant One -13- . For example. and they have to be done today.but could easily be pushed to the bottom of the pile until you have time to do it. you say “yes” to this Quadrant Three activity (Urgent. if you could do them regularly.looking after your property. you don’t have to go to the gym today . a colleague. not yours). or keeping up to date with developments in your field of work. Many of them are of the “putting out fires” variety.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. but just can’t find the time for. Now. being kind hearted and generous.stressed out by too much to do and too little time in which to do it .these things are both urgent and important. daydreaming. In fact all those things on your mental “to-do list”. Other things are much less urgent. And what happens to Quadrant Two? All those tasks that are vitally important. but sit quietly in the background waiting for you to get around to them. They need to happen.it’s their agenda.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities . Included here are things such as getting exercise. Reading this course is a Quadrant Two activity . filling in the crossword. but not urgent) that you know you should be doing. Tomorrow is not good enough. Like going to the gym. And the ironing can wait until there is time. And. or even next month would probably do. relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind. things that have to be done today. or the tax man). In fact. For example. and improving and developing your knowledge and skills. the car has broken down. or two months ago. take a look at your own life. These activities probably take up most of your day. Next week. Most of these activities are of the maintenance and improvement type . In other words. 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 . if only you had the time. You have to do them. because you never got around to replacing the oil 6 months ago. on top of all that. month. Likewise. and yourself. If you are like most people . because you did not get around to doing them a week. watching TV with a beer. As you do these. The same with the exercises from last week and from The Midas Method. Often this is because of some deadline imposed by someone else (like the boss.
or. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. 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 . fate. to summarise. Now. schedule in some time that is reserved for these activities .. that you do them. in each day. and hoping that someone else will do something to improve your lot. I have found this to be one of the biggest reasons for why people continue to have stress.other people. You are where you are because of the decisions you took in the past. your answer to this must be “Me!”. ask yourself which quadrant this fits in.if you make the right decisions. At the beginning of each day. or start a business. What matters is where you go from here. listen to some tapes. Or you can sit around. Life is all about the decisions you take. If it is from quadrant 3 or 4 . misery. You don’t have to be rude or unhelpful. Most people find this very difficult. Of course other people and events have played a part. remember?). You can choose to carry on as you are . How it turns out for you is down to the decisions you take from here on. you must learn this skill. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. Sorry if this sounds rather hard. And whatever you do. here are your tasks for the next month: -14- . And often one of the hardest for them to overcome. You really can reach your goals .say “no”! You must work on what is important to you before you work on what is important to other people. and problems in their lives. We have all made mistakes. Get some books. complaining about the circumstances. But equally you certainly don’t have to be a doormat.or your could choose to move abroad. and whatever happened..and stick to it. or get divorced. the will of god. Here are some suggestions: With each task you do today. what was crucial was what you did in response. But whatever they did.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure. will affect your life from then on. or change jobs. But if you are going to reach your goals. So. The future is unwritten. or do not. the government? If you are to achieve the success you deserve. This opens up tremendous possibilities for you. decide. there is a balance in all this. It is a blank slate for you to write upon.
studying. the only person you are cheating is yourself.you would not have done them using any other system either.but make sure you don’t slip up again! After all.don’t beat yourself up . If you come to a point that depends on some external event (like waiting for someone else). Okay . By the end of the day you will either have completed all 6 or just some of them. Try and do it at the same time each day . If you have not already done them. Tomorrow make a new list (which might or might not include today’s items). etc. Then start with number one and persist with it until it is done. See you next week in Step 3! -15- . the rest can be at any time. If you miss a day . put your Midas Method goals at the top of your list as your Number 1 priority. Make sure you do it each day. doing repairs.7 Steps to Freedom by Noel Swanson At the beginning of each day: Step 2 1) Set aside an hour for quadrant two activities .the goal setting is best done at the beginning of the day. Make every effort to avoid being sidetracked or distracted from it. then move on to task two and stick with that until it is done. great! If you didn’t . as long as it happens. 2) Make a list of the 6 most important (to you) tasks for the day. But at least you worked on the most important of them. getting some exercise. If you did them all.your task this week: Do both of these every day.use this for reviewing your goals.
and running over will be put into your bosom. of which the poor African villagers seemed to have been surprisingly ignorant. shaken together. depending on the type of circumstance that they were describing. This law pervades the entire universe. It has been stated by many people. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. and underlies just about everything that we do.Step 3 . we would be wise to learn this. Here are some of the most famous. it will be measured back to you. It is through an understanding of this law that cars drive. As the truck was bouncing along down some dusty track. but still to only one client at a time. tells the story of some Africans riding in the back of a truck. For with the same measure that you use." Jesus. But because of the long and arduous training she is rather more difficult to replace. it will also be the means to your own financial security. and the difficulty of replacing you. And once you fully understand it. pressed down. “For every action there is an opposite and equal reaction. and the incident provided them with some great stories to relate to the friends and relatives. whether we like it or not. So her -16- . But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect. in many different forms. It has its effect every time we do anything. “"Give. and rockets are able to land on the moon. and Maths E arl Nightingale. Since this is the case.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. A lawyer or doctor brings greater benefit. one of the original and greatest motivational teachers. So instead of hammering on the side of the truck to signal to the driver. Consequently his pay is low. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring.Passion. This Law is one of the most fundamental laws in the universe. they simply climbed out of the back . and so it is easy to replace him.” Newton. they decided that this was the point at which they wanted to get off. and it will be given to you: good measure. It is a relatively unskilled job. the number of people to whom you bring it. and use it to our profit. Here are some examples: A window cleaner brings a small benefit to one household at a time. planes fly. So what does this have to do with making money? Absolutely everything. Luke 6:38.
But work smart. -17- . all your efforts are primarily going to benefit someone else . then the rewards follow.” It does not work that way around. If you can get it right.the deal is that you exchange your hours of labor for money.namely the business owner. before they will put in the extra work. in the end. then. The maths is simply wrong. the greatest number or sales or clients.find a niche in which you become the expert or the specialist. To expect otherwise would be like telling an empty fireplace. your reward will follow. I will put the logs on. Don’t just do “grunt work” that anyone could do . so his income can be quite large (in fact. but to millions of readers. skilled writing is fairly uncommon. Produce the highest output. And there are only so many hours that you have that you can exchange. or cannot be easily provided by someone else. And yet so many people expect just that. Also. it is very hard to become financially independent as an employee . not hard.the greater the benefit the better.such employees simply get taken advantage of.7 Steps to Freedom by Noel Swanson income is above average. then your reward will follow. the best ideas. “you provide the heat and then when you have done that. proportionate to the number of readers). If you can do this. If you are in employment and wish to rise through the ranks.for the simple reason that. and sportsmen and women. 2) can be supplied to as many people as possible. Getting this combination right is the maths. Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on. Step 3 A best selling author brings a small benefit (a few hours entertainment). The trouble is. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes .become so indispensable to the company that they cannot manage without you. The same also applies to star-quality actors. But be clear that it is in that order first you provide the benefit. This is especially true in employment . and 3) is scarce. 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 .but the problem is that it is to only one person at a time! So. here is how you do it: Become the best employee there is . entertainers. as sure as the sun will shine tomorrow. It is not necessarily about working all hours of day and night .they expect the pay rise or the promotion first. The reason for that is very simple .
Much better to find a niche where people are begging for your service . Why do it when there are so many enjoyable things to do.perhaps filling a niche market for a particular type of skier (e. There is. most would probably tell you that they love what they do. Life is supposed to be fun. Or you could develop a business in which you help other people to be successful. than if it is a total bore. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching . training tapes and videos. as play. Clearly. at least. Network (or multi-level) marketing is wonderful tool for doing just that. have fun while you are doing it? This is what I call the passion. If you look around. or even millions? This could be done by books. however. You love skiing . It is no use putting all your efforts into something and then finding out that nobody wants it. And why not? You are much more likely to put in the hard work if it is fun. as second side to all of this. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. So get the maths right. school/business groups) or destination (undiscovered and exotic locations. But also find something that you love. off-piste powder tours)? You love helping people. So why not. handicapped. What about finding a way to extend your teaching to hundreds. Most could probably be described as workaholics. and/or large conferences and seminars. and see it through to the end if you are passionate about what you do. I believe that life is just too short to be spending it doing things that you hate.do what you love. or that bring great stress.but teaching a school class has the wrong maths. Whatever means you choose. Then the maths is right. to put it the other way around . that it is not so much work. the only way to make more. thousands.whether that be a hungry crowd desperate for a burger.but being a ski instructor doesn’t pay. Or. is to find a way to multiply your efforts. By its very nature it is -18- . to make enough money to become financially free is going to take some work. or collectors desperate for football or pokemon cards. then if it is tedious.g. Could you set up some kind of tourist operation . to achieve this.7 Steps to Freedom by Noel Swanson Step 3 Consequently. you will also have to provide a service or product that people want. Find something about which you have a passion. You are much more likely to persevere. you will probably find that most millionaires have worked very hard to build their fortunes. Yet if you asked them. so that they benefit more and more people.
or joint venture with someone who does like networking or selling. Think also about your personal character traits. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). We will be looking more at this in a later Step. the more you yourself will earn. lets just think for a minute. 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. What is your purpose in life? Now. The first is that wealth comes from bringing value to other people. or fixing cars or cooking). The joy is in the journey. You could be employed by a company to develop their products . or computer programming. it is a process. what would give you the greatest pleasure and satisfaction? Do not limit yourself . “My mission (or purpose) in life is to _____________________ (do something) -19- . You hate meeting strangers and having to talk to people you don’t know. and suits your personality and unique pattern of strengths. or do you prefer to just be given a job to get on with? If you could do anything at all. Note also that the notion of purpose is that of action. and either use the internet as a tool to make it available to the masses. of doing something. is worthwhile. Life is not an end point. All you have to do is to fill in three blanks in the following statement.such as writing. The second is that happiness is a by-product of doing something that is worthwhile. Your task for this week is to think about your passion. So at this stage I don’t want you to be worrying about the maths. or are you more artistic and intuitive? Are you good at leading others. So if you can find a purpose to your life that brings value to people. So why not have a personal mission statement. One way to think about this is to develop your own mission statement. There are two points to consider here.7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. here is a question that might prompt some thinking.let your imagination take you where it will. then you are on the high road to both success and happiness. But you love working on a project .or you could develop your own product that has value to many. In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. or programming. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. 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. you might just find your life’s calling! To help you.
if you are a mechanic. “My mission is to __________ ____________.they relieve their Table 1. When you find the right outcome. unique. but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. Below I will give you some ideas. influence refine coach inform serve discover encourager. you will feel it resonate with your whole spirit and being. leader. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. Table 2 lists some other possibilities. mission. many more. But don’t be limited by these. When you do.” 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. keep brainstorming until you find your own.” Start with finding the right verb. I will leave that to your imagination. What you do. identify the desired outcome of your work with these people. entertainer. Of course there are many. Note that this might be anything form individual people right up to large groups. what I love doing. 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. In what way will this be of benefit to them? What will they have. you have your completed mission statement: -20- .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. If there is minister enroll enhance no benefit of some kind. or be Table 2. 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.” Step two is then to identify the recipients of your actions. What is it you love doing help referee challenge with people? Are you a natural born teacher. there will be a “eureka” quality to it. able to do as a result of your actions? Table 3 lists some ideas. It might be an audience if you are an entertainer. or motorists. The list in Table 1 nurse acknowledge facilitate may give you some ideas. Even drug dealers provide a “benefit” to people . or even countries (if you fancy being Prime Minister!). and what provides me with satisfaction and excitement. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. You will say “Yes! That’s it! That’s what my life is about. Who benefits from what you do. then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it.
you have guessed it! Complete the blanks above. Life is a journey.” “My mission in life is to discover new places to which adventurous golfers can travel.oOo --Your task for this week? Yes. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear. Hang in there! -21- . the destination. Concentrate only on what it is you want to do.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. Keep doing so until you have something that makes you feel good. --. you can play around with the form of words to make the mission fit you.” As you can see from these examples. In the Step 4 we will be looking at how to take stock of where you are now. At this point do not be thinking about how you will do it.” 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. 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. Next you need to know where you are now.
USA.com . specific and detailed. the way in which you will make a difference to people’s lives. Poor Dad”. I want to talk a little bit about how to create your own personal financial statement. but the content is first class. England. goals written down as to what you want to achieve in the short. and the sequel “Cashflow Quadrants”. And an aeroplane might not be so appropriate if you are just down the road in Leeds. I thoroughly recommend them. medium and long term. by now: know that you can achieve whatever it is you set your mind to. (They are a bit wordy and repetitive at times. It is as important to know where you are now. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad.) You can order them through Amazon. So. this week’s task is to take full stock of your situation. your goal was to “travel to York.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. if you are currently in New York. air. have clear. Before we do that. and the balance sheet (which details assets and liabilities). as it is to know where you are going. There are two parts to a financial statement. train. Before we start to look at the ways in which you will do all of this. coach. or through your local bookstore. How will you get there? Will you travel by foot. Suppose. England”. Let’s look very briefly at both of these. Income and expenses . do not rush over this.Step 4 . ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. for example. be excited about the type of contribution that you will bring to the world. bus. we still have one further preparatory step. your current starting point. Once again. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . At this point of time. The income and expenses report (also known as a profit and loss statement).
In contrast.7 Steps to Freedom by Noel Swanson Step 4 work that you do.” From this definition. In this you can see that the majority of their income comes not from their work. 1 to Fig. This is what you are trying to achieve for financial freedom . Some of this goes directly out as expenses (of which tax is the biggest one) .ouch! The expenses continue. the financial statement of the rich looks like Figure 2. In other words. The trouble is. and the rent your received was greater than all your expenses in terms of maintenance. So. That is not what I call freedom. you can see the direction of your cash flow: it flows in from the job. Figure 1Figure 2 . the rich also manage to sidestep most of the taxes as well. but from the assets they have accumulated (arrow C). your car.arrow B. -23- . your sofa.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. if you ever lose your job . it is an asset. repairs. Clearly there are two ways to achieve this . The rest goes on the various liabilities you have accumulated . So. and out through expenses and liabilities.” In contrast to an asset which is “anything that puts money into my pocket. They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. For example. you are trying to get from Fig. and pretty much everything else you own is a liability in that they are costing you money every month.arrow A. and loan interest. This income goes into the income section of your report (see Fig. you can quickly see that your house. 1). 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. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. Cashflow of the rich Incidently. but the income stops. 2 as quickly as possible. Unfortunately most of this money immediately flows out again. then that property would be putting money into your pocket.
but then. Once again it will require some work on your part . or it won't get done! -24- . since success is about more than just money.. To do that you need to prepare your own financial statement. complete your personal financial statement. you also need to do an inventory of the other parts of your life. that is what separates the winners from the losers. In addition.. It comes in two parts.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. for the first week. isn’t it? Ready? Okay. This is your task for Step 4. You will find the template on the next page. and you will probably need to put it as top priority on your priority list. so let's allow for two weeks to complete it.
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 Expenses Net worth = Total Assets . but I am probably wrong) said: “Income.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. If your net worth is greater than $250. result. Your Retirement Quotient tells you what percentage of the week you can take off (i. what do you do with these figures? First do these sums: Monthly savings = Total Income . “Income $100. 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. If your monthly savings are positive. well done! Now use those to start building up your assets. expenses $99. $100.e. happiness. misery” Most likely you need to find some way to cut your expenses. -29- .000 you probably need to be thinking about planning to avoid inheritance tax. expenses $101. result.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.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now.
then you can fully retire.500 and you are receiving $500 a month from your investments.e. Your Relationships. once your RQ exceeds 100%. i. you could cut down your working week to earn just $1. 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 .WELL DONE! It is not easy doing all that! But tell me... then 1/3 of your expenses are covered so... After that we will start to develop Your Action Plan. -30- . Until next week. If you have got this far .000 per month. Your Children All of these are important if you are looking for true FREEDOM. theoretically.7 Steps to Freedom by Noel Swanson Step 4 retire. Obviously. For example. go part time). your passive income exceeds your expenses. if your monthly expenses are $1.covering topics such as: Your Health.
Weaknesses. about enjoying rich and rewarding relationships. 2) Equally important. Stuart Goldsmith is an excellent example. Or seeing the world. It never ceases to amaze me how most people just muddle along in life with absolutely no idea of where they are going. you can very quickly take charge of your life. Of course. then you will end up just like Scrooge: rich and miserable. what do I have going for me. When do you get off the gravy train so that you can do the things you really want to do. Over the space of 8 years he made himself £10 million.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. Which is exactly what you are starting to do. you need to decide how much is enough. This week it is time to look at personal relationships and health. But real success is about living life to the full. where they are now. So why are they “worth” so much? Purely and simply because people say -31- S . and neglect to build up other areas of your life. If you focus just on money. 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. Opportunities and Threats) analysis.Preparing your Personal Inventory Part 2 . Just a fancy way of asking “where am I now. 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. Then you can map out your own destiny. Like spending time with your family and friends. Look at the coins and banknotes in your pocket. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. and much less known is this: Money is not real. it is just an idea. the “law of cause and effect” being chief among them. Money is a tool towards success. making a difference to the people and community around you. Or pursuing your sports or hobbies. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. and how they are going to get there. and what is getting in the way?” In the last lesson we did this for your personal finances. before you even start on your journey to riches. So. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money.
Everything works out. a mechanism. for exchanging value between people. if you get blocked in one part of your life. And -32- . how much lighter and freer did you feel? That clutter was literally blocking your flow. The better you are at that. And this in turn depends on the agreements that people make with each other. When you exchange your note for a bag of potatoes. Wouldn’t you rather be in the Flow than out of it? Well you can. It is only worth something when it starts to move . Wealth is therefore about FLOW.when it gets passed around from one person to another as a token of agreements being made and fulfilled. and you feel confident and in control? And then there are times when you just feel stuck. you do so on trust that I will deliver value to you. it will affect every other part. the more you will make. When you buy a book from me. and it can be released again. and that is what this week’s lesson is about. In fact they are about every aspect of your life. It really is like some kind of spiritual force. then the agreement between us is soured. Both are about more than money. it is a bit of a fire hazard. For example. It is very much tied in with the notion of agreements. If I fail to do so. the second is when the Flow is blocked. But there is still more. When it was like that. Have you had times when everything just seems to be going your way? You are on a winning streak. If anything. What can block your flow? Pretty much anything. or token. therefore. A suitcase of banknotes under you bed is worth nothing. you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. 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. Now. The Flow has ceased. Nothing goes right. Money is merely a tool. The first is when you are in the Flow. this is where it gets a bit metaphysical. 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. all about honouring agreements with people. So if you want true success. making money is. or you will be pretty angry and will never deal with me again. The money that passes between us is just a record. In the end. Because of this. and either I have to make it right again. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. It does you no good at all. Money is worth nothing unless it is moving. Flow can be blocked. of that agreement. The creative energy is blocked.7 Steps to Freedom by Noel Swanson Step 4 and believe they are.
do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e. No.8 = 3.Underweight . Once again. Note that this is an ongoing process that you will need to be reviewing regularly. 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. The questionnaire below will help you to do that. walking.g. that would be putting a block on all areas of your life . Then take your weight in Kg (e.2) .Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this.7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way.24 = 22. 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- . 72 kg = 158lb).8 x 1. Now divide your weight by your height squared (72/3.. cycling. Multiply it by itself (1.g. running.even your finances! Your task this week is to identify and then start to sort out the blocks in your life. be honest with yourself as this is entirely for your own benefit. 1.g.5 18-5 to 25 25 to 30 30 to 40 over 40 .Overweight . Remember that wealth is about honouring your agreements .Healthy .including agreements you make with yourself! In fact..Obese . we will start with your own agreements before going on to agreements with others. 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. I mean really honest!) Do you drink more than 4 cups of coffee.80m = 5' 11).24). tea.
but it’s true. Sorry about the language.don’t put it off again! Look. 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!). -34- . or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. police etc) Unresolved conflicts are the same as broken agreements . But in the long term it will come around to bite you in your ass. Not only is your smoking costing you money everyday. One or other of these should sort you out . Not to mention your health and fitness. If you are a smoker. If you scored 10 or more. high blood pressure..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. 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. Resolve NOW to do whatever it takes to resolve the conflict. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success. diabetes. Cheating yourself or others may work in the short term. set your self some Midas Method goals to deal with it.they seriously impede your flow and will prevent you from achieving true success.. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. well done! If you scored less.so you now have no excuses left! ( Do it now . I am serious. 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.
then pay the price and do it. then get a friend or counsellor to help you. investing time. But it is absolutely the key to freedom . Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. I know that if you have had some serious trauma or abuse in the past that this can be very hard. And especially don’t make the common mistake of working long hours to buy them everything they want. < If you need to own up to something. Even so. Don’t let it be squeezed out by the “urgency” of all the other things you had to do. Now think about those that you count as your loved ones and your friends.and not just for you. including making money. If you cannot do it on your own. (My best friend and I planned a special holiday to celebrate 20 years of friendship.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise.we get him everything he could want.it is only yourself that you are harming by failing to forgive.they don’t deserve to be forgiven.) 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. Yes. do it. but for generations to come.or even a holiday together. 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 . then do so . This is another quadrant 2 activity. < If you need to forgive (you probably do). I know . thought and energy into raising them right. You cannot afford to have relational clutter messing up your life. but for yours. 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 . but it will more than pay for itself over the long haul. go and do it. Like everything in life. Not for their benefit. so trust me on this.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years. you (and your kids) will reap rewards if you make some effort -35- . will save money and heartache down the road .) < Let them have their way for a change! None of these will immediately put pennies into your pocket. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years. If you need to put things right. bite the bullet and tell the truth.and I am a consultant psychiatrist.” And it is usually the poorest parents who say that. (Just as an example . It may cost you in the short term.
and if you can learn and apply them. the reality is that life is a life long project). you may need some help with this. Put them one at a time on your Midas goals. and do all those other little jobs that you have been meaning to get around to. You don’t have to be perfect. Your home is where you spend most of your hours. this is all about developing a lifestyle of success. But once again. your procrastinate. Then for each of these. you increase your children’s chances for happy and successful lives a hundred-fold. You will feel so much better when you do. character traits. Make a list of character traits that you are not happy about. Now. You get angry too easily. and sort them out. you will have to be happy with yourself. instead of being angry. For you to be successful. put next to them what you want to be instead. Don’t know where to start? Then have a look at my book. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. do you? 2. but I would certainly agree with them that a well kept home will enhance your health. put them on you Midas goals. there are principles that apply. are you still with me? That is quite a bit of homework I have given you. you lie. Finally. It ‘s physical state affects your spirit. That is not the goal. As you have probably realised. one at a time. But this is an ongoing project. Yourself Probably the hardest of all. No you don’t need to be obsessional. “The GOOD CHILD Guide”. But you do need to throw out all that junk! Sort out your wardrobe. you give in and don’t say “no” enough. So here is a task: 1. your are unreliable. But you don’t want to end your days as some miserable old “git” that nobody likes. and work at them until you achieve success. and so on. nor even a month or a year. e. And it might take you some time (after all. repair the guttering. your happiness and your prosperity. and will pay you dividends over a -36- . So. for each of these. The goal is to develop habits that will last a lifetime. You will not complete all these exercises in a week. 4. I am not sure I go so far as to go along with the Feng Sui practitioners.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent.g. For example. you might want to be more easy going. picture (visualise) for yourself some situations in which you would want to demonstrate your new. 3. Make a list. positive. you don’t need a mansion. Once again. and that affects your flow. Time to take a look around you. No. Stuart addresses this in terms of self-belief in The Midas Method.
It is called getting into the Flow. Do them now. The temptation will be to put them off until you have enough time. worry and guilt happy and successful children peace and contentment money Step 4 As I have said. See you then. In the next Step we start to put together your action plan.7 Steps to Freedom by Noel Swanson lifetime. you will find you have plenty of time. these are all Quadrant 2 activities. make the time for them. You will never have enough time. -37- . and somehow. dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. Don’t. magically.
Why? Because it is your dream that provides the motivation to succeed. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. eh? Now. down on the ground. say 9 inches wide by 30ft long (25cm x 9m). That is why I spend so much time emphasising the dream and the goals. especially those with kids. So what was the difference? The only difference was the motivation. this week we will really start to rock and roll! But first lets just review how far you have come. 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. It is also what you will continue to do unless you have a strong reason to do otherwise. would you be able to walk along it without falling off? Sure you would. Until your reason why is strong enough. By now I hope that your dream is starting to dominate your thinking. -38- . That is what most of your friends and acquaintances are almost certainly doing. How about if it were raised a foot (30cm) off the ground? No problem. would be rushing down that plank to rescue the little one. Let me give you an example: If I were to lay a plank of wood. The easy thing to do in life is to drift. the reason why. the chances are you will not do what it takes to make the money you desire.Step 5 . That reason is your dream.Your Plan for Security O kay.
You just never know what is around the corner. With this you can have the confidence that whatever life does through at you. you will quit. you will do okay. You might do everything right. In the face of all this uncertainty. very shaken. which is to develop your action plan for prosperity. Once you boat is watertight. From Step 4 you will have already identified the holes in your security. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. In fact. So far you have: Step 1 . this is quite likely as we are well overdue for it . Believe me I know it . This is important.see Rich Dad's Prophecy). then prosperity.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. unique. I am sure. even as I am writing this I have just leant that my sister has flipped her car over. and the second stage is Step 6. you need: -39- . It will be done in two stages. and then be hit by a bus as you cross the road tomorrow. Fortunately she is unhurt. You do not need to take excessive risks to become free. although. So.. You already know that life holds no guarantees. The first stage is this week Step 5 of the plan. or your loving partner might develop leukemia. purpose in life Step 4 .Written down your Goals Step 3 . But the car is a write-off. 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.Developed your Dream Step 2 . or there is another great depression like in the 30's (actually.to develop your plan for security.and wasted years in the process! But back to business. then you can attach the outboard engine to it. as it is only when you have this kind of confidence that you can safely embark on Step 6.. then run. when the going gets tough. First security.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why.Developed your own. or. Walk. what can you do to protect yourself? That is the goal of this week . You will survive. This is your action plan. If you don’t. So now it is simply a question of finding the right tools to plug those holes.I’ve been there and done it countless times myself .
If you make it to the predefined retirement age. -40- . Often the process can take a long time. If you are in the UK. In addition. 25. There are basically two types. try this one. ” So term insurance is pure insurance that protects you in case of the unexpected. then we will also pay you a performance bonus of Z. If you die sooner than expected. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. Without a will your possessions will be disposed of according to the prevailing law of the land . 2) Life insurance. If you have no dependents (e. you are still a single student) or you are already financially independent then you can miss this out. the insurance kicks in and they pay you the guaranteed minimum. the do-it-yourself route works perfectly well and is a lot cheaper. You can either buy a printed one from a stationers. then hopefully you will gain on the investment part. You also have no option for any kind of tax planning. we will then pay out to your estate the minimum sum of X.g.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. and look after your own investments for your retirement. so don’t put it off another day. then we will pay you a cash settlement dependent on the value of the investments. if by then we have made enough profit on the investments. So how do you do that? These days you can either do it yourself or get a lawyer to do it. or you can use a computer program that guides you through the process and then prints out your will at the end.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. Whole life is a combination of insurance plus savings/investment.99: It really is easy. If you live longer than that. whichever comes sooner. No will is bad news write one now. it is only £9. In the old days whole life insurance was very common and probably worked quite well. Term insurance basically says this: “If you die at any time in the next 10.normally to your nearest kin. 40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X. When (not if) you die. Everyone else needs life insurance. Unless your affairs are very complicated. You will need to get a write-yourself-a will kit. We will invest this money (usually in the stock market or in bonds). These days you want to avoid it like the plague! Just get term insurance to cover the unexpected.
If it is more complicated than that. so get a good one. Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. the more expensive the premiums as they have to cover not just the increased risk due to time. You need to be thinking about setting up a power of attorney and perhaps a living will.com Then. When choosing an insurance company . That does it for death planning. But with simple planning you could easily save yourself over £50. for the UK: http://www. What if you are severely incapacitated and unable to make decisions for yourself. 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. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. but also that due to your aging. This is particularly true for occupations that require manual work or mobility.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. Obviously the longer the term. Your independent financial adviser can help.asp US: http://www. ready to pay out. Don’t scrimp . This is not about getting the cheapest deal. Until then. in 20 or 30 years time. once your insurance is in place.insure. whether your partner will go back to work. you need it. Check them out first. You want that company to still be there.his £200 fee could save your tens of thousands. and add in a factor for inflation. In Britain you have to pay 40% on everything over £250. not a hard sell for one company! Or go for one of the online quote brokers. You need independent advice. if not permanently are. horrendously high.co. -41- .especially if you have more children! Once you are rich you can cancel the policy.quotelinedirect. eg. Standard Life is perhaps the most solid of them all.000 in taxes. If you have any decent Net Worth you need to take some advice on how to minimise death duties. 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. How long do you need it for? You will need to consider the age of your children. This is about getting the safest deal. statistically. you need to review it every time your circumstance change . 3) Inheritance planning.uk/main/index.000 (which is not a lot if your mortgage is paid off!). see a specialist tax adviser. and what your expenses will be down the road (for example will the mortgage be paid off).go for rock solid.
f) Once the credit cards are paid off. and then put everything else towards the credit cards. then start on the next debt . your monthly repayments will be less.com/content/Retirementandwills/Planyourestate/P34945. exactly as much as you wrote down in b). b) Write down how much you are paying each month in debt servicing. And ALWAYS paying off at least as much as you wrote down in b). without any increase in your income.always working from highest interest down. Pay cash instead. if you -42- . h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. You don’t need it. Seriously. then go without whatever it is you were trying to buy. in just 7 years.then you can either negotiate a special price for paying cash. no interest. including mortgage. Hopefully you will have paid it all off before they start charging you interest again. but applies more or less everywhere): moneycentral. save up for it . Start putting some regular savings aside into a high interest savings account.asp To protect yourself you need: Step 5 1) Cash in the bank. If you have no cash. or you will end up in even worse debt. account. if you are deep in debt.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. then your first priority is to pay off the debt. Renegotiate this so that each month you are paying back the sum in b). 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). CLOSE the old accounts. Once you have done this. You will probably find that by doing so your mortgage will be gone in just a few years. 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. However. This is vital. Ideally you want to have enough money set aside to live on for 3 months. d) Now tear up your new credit card. If not. Pay the minimum on all your other debts. e) Because you have transferred your balance to a new.msn. Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4). c) If there are a lot of credit card debts. It is crucial that you still pay off. By doing this your credit card balance will rapidly reduce. each month. you can probably pay off your entire debt. If you choose to. g) Eventually you will be left with just the mortgage. see if you can repeat step c).
in a high risk job. Step 5 2) Income protection or disability insurance (goes by different names). but is usually more expensive than plain ordinary term insurance. We will pay this until you are back to work. If you are off work with the wrong illness. lower paid job. or have various risk factors. The other variety protects you in case of unemployment. but less useful are various types of critical illness or accident insurances. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package. then we could insist that you go back to an easier. rather than to your old profession. If you become ill or injured and are unable to work.” This type of insurance is. Unless you pay extra premiums. again. You may also be offered mortgage protection insurance. Might be worth considering. you get nothing. This comes in two varieties: One pays off your mortgage if you die. Cheaper. It seems cheap. or until a certain age (normally retirement age). depending on how secure your job is! So. we will then pay out the following: “For the first. After that we will pay out X per month. We will not cover you for any illnesses or disabilities that you already have. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. to summarise. Get the latter. Avoid pure accident coverage. very expensive . if you are old. This says: “Pay us a regular monthly premium. The amount we pay out may or may not be linked to inflation. unfortunately. period (anything from 2 weeks to 6 months) we will pay nothing. Check it out. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. but is actually relatively expensive considering how limited the coverage is. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . There are very many different types available so. you will need someone who is independent to guide you through it.7 Steps to Freedom by Noel Swanson want everything NOW. This again seems cheap.simply because they have to pay out so often. 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). waiting.
.7stepstofreedom.uk/main/index.com/planning/home.quotelinedirect..co. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www. although from a US perspective. -44- .com/estate/ http://moneycentral.smartmoney.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. http://www. We will continue Step 5 next week. free.msn.99 http://www. They have useful worksheets to help you calculate how much insurance you need.html This will redirect you to will-writing software that costs only £9.asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus. advice on estate planning and insurance.com/ukwills.asp Both of these offer good. 6) Put some regular savings aside as an income cushion.
very readable but very well researched account of nutritional supplements . STOP SMOKING! You know it is crazy to carry on . it is becoming clear that the effects of aging are. not created in a laboratory. your sex life . Go back to “Step 4 continued”. and why. so put it onto your Midas Method goals and get going: Here is some help: 1. your good looks.found in fresh fruit and vegetables. Indeed. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones. 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. At the same time. help is at hand. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. your taste buds. Make sure you get the best . you will never achieve it. . fortunately. This really is very simple. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants . You have probably tried a dozen times and failed. Get it. Mostly we dealt with the unpleasant realities of death and incapacity.what they do. Modern food is desperately short of good nutrients. there are probably a whole host of other vitamins etc. -45- . This week. this week we will prepare to avoid the worst. Furthermore. but if you never start. to a large extent. I know it is difficult to stop. due to oxidative damage. Last week we were preparing for the worst.Live for Success! L ast week you started to put into place your plan for security. But don’t go for any old supplements. Clayton for a proper. Furthermore. none of these are present in the artificially products. On there you will see some questions that you answered either “yes” or “no”.Step 5 cont. Click here and take a look a GUARANTEED way to quit smoking. what you need. your fitness.produced from pure organically grown herbs and vegetables.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. we can be a bit more up-beat. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. Naturally.it ruins your health. R. in the herbs that so far we know nothing about.and it costs you money while it does this to you! Look. The goal is to remove all the things that are blocking your flow. So. Naturally this will take some time. 2) Get a low-fat cookbook and experiment with some of the recipes . I strongly recommend the book Health Defence by Dr.
4) Cut down on caffeine. tennis. and optometrist/opthalmologist for your screening checks. Here are just a few ideas: mountain biking. and many. both as a psychiatrist and as a businessman.throw it or give it away! The same with all your junk in your bedroom and wardrobes. Nearly all off them treated them with much more respect and attention. They first dressed them in rough. 90% of people are trapped by their thoughts. If you really (and I mean really) cannot find the time to do this. go and do it . lakes and the sea). 6) Clean out the garage and basement. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. many more. and alcohol. you will start to feel better and more confident yourself. and the rest. It affects their self-worth and -46- . plus the greater respect from those around you. squash. martial arts. The restaurant that was “fully booked” now suddenly had a table free. and what opportunities are open to you. go and do it. If you need to forgive. then take a look at Get Fit While You Sit. 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. windsurfing.it is only hurting you. and then go along to watch or ask questions. football. did their hair up. marathon running. So why not use this to your advantage? Not only that. casual clothes and sent them out to a variety of high street stores and restaurants. 5) Go and see your dentist. and find a whole new dimension to life. With this programme you really have no excuses. not them! Over the years. If you have not used it in 2 years . doctor. smart clothes. There has been some very interesting research about the effects of first impressions. is in they way they think. badminton. and maybe added some jewellery. and there are so many to choose from! Ask at your local library for details of local clubs and courses. they took some volunteers. The difference was unbelievable. netball. canoeing (can be done on rivers. They sent them out to the same places. climbing. How you dress does affect how people treat you.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . This. but when you start dressing smartly. hill walking and rambling. golf. fencing.it is much more fun to keep fit by doing a sport than by going to a gym. You will meet new friends. it has become absolutely clear to me that the biggest difference between the rich. In one. None of the businesses recognised them. archery. Then they dressed them in quality. 7) Make a decision to start dressing for success. ice hockey. swimming. If you need to apologise to someone. sailing.
On my website you will also find suggestions and help for other behavioural and learning difficulties. And while you are there.. you are going to have to invest something in your personal development. Tidworth 9) If you are having difficulties with your children’s behaviour or learning . place to start.7 Steps to Freedom by Noel Swanson Step 5 happiness. Read some books. stick to your priorities. duty. hire some extra tuition. It's a MUST if you want a life!" Kaz Lemmon. If you haven't. and see you next week. What rarely gets talked about. even essential.do what it takes to get it right. and by reading books such as The Midas Method and Rich Dad. It certainly opened my eyes! In fact. What are they and which are the best? Do your homework. To become wealthy. and their bank balance. Next week we start Step 6. take a look at a few of the hundreds of testimonials the course has received. go and do so now. Poor Dad.. review your goals. bosses and colleagues. In this we will look at some of the money-making vehicles available to you. We are done with the “boring” stuff. I was talking to a friend about this just yesterday. -47- . so what have you got to lose? Or are you not serious about your future? "A brilliant course. Okay. You have already started to change your thinking by reading my newsletter. take some parenting classes. and so on are used by the powerful to herd the sheep in the directions they choose. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. One of his comments was how much more confident I myself had become since joining the Inner Circle. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together. 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. Don’t let your false pride prevent you from having a happy and successful family. But that only touches the surface. there is the usual 100% money back guarantee. The GOOD CHILD Guide is an excellent. Remember. fear. and what really traps people. is that way that tools such as guilt. Do not miss the opportunity to do this course. powerful and free. their interactions with friends. their marriages and other romantic relationships.
and sort it out. what it does require is time. But make sure you are sitting down. If you are already over 45 then time is something you are running out of. year after year. That is the purpose of the Plan for Comfort.. 2. even if all our attempts to be prosperous or even rich fail. Now.Your Plan for Comfort W elcome back! This week we really set the wheels in motion. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work.000 per year. (as I hope will be too . Too many things are out of our control. The idea of this is that it is automatic. just in case. The aim is to get as high a rate of interest as we can. I am also making backup plans. If that is your situation.. this week we work on no. So while I am building my business. That would be $3. isn’t it? Last week you finished off working on your Plan for Security. at 5. then you have a big problem. your Plan for Comfort. And make sure you teach your children to start theirs now too. But that’s what experience is all about. although the plan requires no thought or work. Lets assume you are on a fairly average $30.Step 6 .step 7 coming up soon!). It is essential that you start this plan NOW. But don't bury your head in the sand. if you have not already done so. It's goal is to provide us with a comfortable standard of living. routine.000 savings per year.. You see. But unless you lay the right foundations. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. So what would it be worth if you invested this amount. 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. -48- .. By the time we have finished you will have in place three plans. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. the house will just collapse . life is uncertain. 15 or 20% return? Turn over to find out. Face the problem now.I should know. The plan for security was no. and requires no thought.
734 39.180 47.000 45000 45000 5813 6103 6409 6729 -49- .742 142.548 129.048 84.322 86.180 2.915 32.514 139.406 21.465 5.105 259.436 554.687 13.116 537.000 3.575 19.098 35.221 51.451 115.320 2.067 1.000 5% 150 308 473 647 829 3.920 13.034 3.623 28.415 7.649 502.247 3.681 1.066 49.329.000 4.720 116.450 7.695 436.021 45.115.325 26.930 13.497 59.518 43.954 65.738 44.620 99.256 1.000 4.832 2.563 2.000 5.559 6.782 45.750 9.357 8.150 6.392 9.287 774.475 24.430 448.426 105.227 23.554 45.000 5.009.221 24.588 213.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.165 437981 15% 450 968 1.458 9.899 12.000 1.490 174.432 22.774.605.796 61.846 3.554 9.887 33000 2131 36.812 52.621 86.747 204.272 45.869 185.886 18.000 5536 45.056 118.227 21.655 287.172 134.184 3.657 42.351 16.497 75.000 45.000 1.197 39816 3.344 929.751 50.741 164.088 763.462 31.074 4.468 664.200 38.011 267.177 7.000 2.790 35.554 153.147 25.169 379.569 45.090 95.865 62.080 34.594 61.000 3747 45.930 10.000 2388 39.147 329.499 174224 3.213 1.644 100.525 56.057 154.000 4.923 15. 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 15.261 30.911 70.532 10.056 1.849 115.906 36.613 114.600 7.620 44.654 30000 1.736 67.980 6.926.739 645.494 1335718 20% 600 1.000 45.564 37.923 665908 3.995 1.955 15.479 15.968 398.195 29.338 45.069 128.510 168.686 89.876 93.334 126.754 247.647 30.000 2940 45.748 29.861 185.137 10.104 330.616 3.312.940 78.957 13.000 45.092 249.238 74.321 224.539 3995447 18.868 139.153 70.752 91.005 100.104 19.411 24.136 385.062 361.371 74.229 271.192 373.972 71.781 5.315 2.925 92.701 878.363 462.775 217.300 6.958 7.723 27.980 17.533 12.431 4.418 11.568 80.485 11.000 3237 3399 45.426 25.020 21000 1.221 4.623 107.317 104.315 20.817 2.613 321.000 1.256 122.358 57.392 1.290 23.687 82.939 4.308 37.338.051 15.161.152 188.575 20.748 46.397 74.432 27.843 223.555 131.316 32.738 151.577 17.581 141310 10% 300 630 993 1.448 43.139 55.000 3934 4131 45.952 299.326 311.146 577.458 18.448 110.
000 a year for 30 years. 3) At 15% you can retire (i. or property).after 10 years you are almost 2. In other words. i. $110. it would take you 50 years to build up to a yearly profit of over $30. At the same time the younger generation will still be putting money into those things.4 times better off if you are earning 20% compared to 5%.e. we are putting in $3. and you can see what your position is going to be when you are too old to work.000 a year for the first 15 years).000. they are going to start to take money out out of their pensions (i. as every percentage point makes a huge difference over time. In fact. Moral: you must go for the very highest rate you can get. live of your passive earnings of $30.they will -50- .000).6m v. and they are living ever longer. 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). As a result. yet a whopping 14.000 down considerably. "that's okay. consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. Notice three things: 1) The dramatic effect of a higher interest . the Stock Market).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.but better to face it now. 2) The effect of time . but if all these retirees are taking money out of the investment markets in order to live.000+) after 18 years. Now before you say. even putting aside $3. especially at low interest rates.5-fold increase over 25 years ($1.e. my pension or the government will look after me". At that point. health care). instead of putting money into savings and into taxes. Especially since inflation will have watered even that $30.take a look at your financial situation (from Step 3). And if that has almost caused you a heart attack. out of savings (probably also the Stock Market. profit is the profit earned that year. So . at 5% return. there are fewer and fewer young folk having to pay to support more and more of the old folk. map onto that your current age. and out of the government (state pensions. with the bulk of them retiring between 2015 and 2020.e. So how does that work? Not only that. what do you think will happen to the invesment markets? Yes .it takes a long time for the profits to build up. than when you have run out of both money and time at 70. I am sorry . The problem is that there are ever more elderly people. a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years. at under 15% interest you will never be able to retire. But don't forget safety as well.
I -51- . and are thus the most expensive to look after.000.g. And when the young folk see the market going down rather than up. At year 20. we have put in a total contribution of $45. You could get the same result by starting with a lump sum of just $23.000 spaced out over 15 years. what will they do? You got it . Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. on top of all this is the rising cost of medical care. 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. So.7 Steps to Freedom by Noel Swanson Step 6 go down in value. Confidence is knowing what you will do if it doesn’t". at 15% interest. Caused not by fear or panic (although both will be there in abundance). But if the wind and the storms come (as they might). However. Your Plan for Comfort (this week) is the foundation you build on that rock. houses to let). nor am I. The Plan for Comfort is supposed to be a conservative. you would have $330.they will take their money out for safety. That is why we all need a Plan for Comfort. And it also needs as much pump-priming money as you can put into it. The result is a business depression which. and those that run businesses. It is supposed to enable us to survive. Net effect: Stock market crash. Then. To work it needs the maximum amount of time. And we need to start it now. plus that fact that the elderly consume the most medical care. given all this. even if all else fails. Why? Because time is working for you. Who will pay for this? To meet all these expenses. leads to less taxes actually paid. Despite the bear market we have had over the past 2 years. Someone once told me that "Optimism is believing the best will happen. will leave to go to countries with lower taxes.000 and no further contributions. but simply by the weight of demographics . So where do you get a good consistent high rate of return? At present. Your Plan for Security (step 5) is the bedrock for your confidence. in turn. the government will have to put taxes up.more old people. Steps 5 and 6 are about building confidence. and your house comes tumbling down . For example. low risk strategy. in the above chart. less children to support them. what do you think will happen to your pension???? Are you happy to rely on it? No. The other main option is to invest in residential property (e.your secure foundation will ensure that you don't get washed away with it. But rising taxes means that those with wealth. the best bet is still the Stock Market.
what do we learn from this? 1) Get your comfortable plan in place. you will be another year older before you get to enjoy the profits. over the long haul. Or look to new. So. There is no excitement in paying the insurance companies their monthly dues. But.e. that is so hard!!!! I want to do it my way. the reason you make so much money is because of leverage i. the system is just that. a system. you need to develop your plan. just keep plodding away. and STICK TO IT. as whatever goes in there never comes out again. anything with a bit of spice (and risk) to it. property markets to find some real bargains. others rather flat. You could stop smoking for example (I told you I would keep nagging you!) You will -52- .. TODAY. emerging. And sit on them. become very wealthy by investing in them. the system says buy these. like glue. sit on them. I promise. or speculate on gold or currencies. sit on them. and your profits. using a mortgage to multiply your investment. How will you manage without the money? You will.. you can develop a system that could pay you.. on average. or. BUT. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now.g. The trouble is. Wait until the crash and then buy as many houses as you can. But if property prices should go down (as they did by 80% in Japan during the 90's). gosh. Hungary and Czech Republic) are prime examples. every month. Do NOT put it off. 10-20% interest year after year. saying "I will start next year when I have a bit more money". Until we hit the next depression. If they continue to go up you can. But no. Whichever you choose. indeed. if your business takes off and you make your millions quicker than this. Some years are way better. our regular savings into the "system" . Maybe more. Start today. You will find a way.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. The new entrants to the European Union (e. at least you have a back up plan. of course. No matter how boring a 10-20% return seems. sit on them. If you put it off another year. fine! But if not. And there is no great excitement in putting aside. and stick to it.. or buy options on oil. Sure. So take care. No. You see. Put that regular amount of savings away month after month after month. now sell them and buy these. Set up a standing order so it happens automatically. All I have to do is to follow the rules and do what it says..the "bottomless pit" my mother calls it. you will find yourself very rapidly bankrupt. I want to chase the latest "Hot Stock" that is all set to double over the next six months. in real life it is never are smooth and regular as that. But. the effect is the same. Houses have gone up in value (like shares) for the past 40 years. sit on them. If you set it up right. I mean. the plans for security and comfort are boring.
Read that last paragraph again. Are you getting it yet? Put the money in. But if adversity comes you way .000 a year. Won’t be much at first. Whatever goes in. run for cover before the heavens open and it all comes crashing down. If your plan for prosperity does work. Using the table above. How to earn up to 20% on your investments Want to know how to do it? Okay. however. but start the habit and it soon will be. 4) Keep your eye on the (financial) weather. and don't take it out.the hole in your bucket The biggest hindrance to growing your wealth is tax. The more you develop your financial intelligence. Keep reading. stays in. not confidence. see if you can guess how much a packet a day is worth over 10 years. and I hope it does. your Plan for Prosperity gets you there quicker. Do not put it off any longer. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free. you could retire in year 18. and you could get an average 15% return. the lower the risk of being destitute when you are old. That is optimism speaking. That is the only way the compounding can work. I must emphasise that you must do this. regular. 3) Teach your kids. under any circumstances whatever.at least until your yearly profits are double what you want to comfortably live on. The goal this week is to put together the nuts and bolts of your plan for comfort namely. it will work even if you are doing the boring plan for comfort. Now read it again. your boring. over time. That is why it was called the Bottomless Pit. monthly savings that will. lets go.7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact. 2) Do not. Once again. Keep your eyes open. Keep learning. It really is like a hole in your -53- . Imagine if you HAD started when you were 15? Just 10% of your income. take anything out of your comfortable plan . build up to your retirement fund . of course. if you were still living on $30.and it can come from all sorts of unexpected directions.unless. When you see the storm clouds gathering. 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. Then have a look here to see how close (or not) your guess was. you will be very glad that you took my advice! Tax .
so we use what we can at this level. the drawback is that when you come to take your money out. . have many more tax advantages they can use. it just keeps leaking away. If you took all the money out at that time (if. leaving you with $70 in your hand. Suppose the tax rate is 30%. This is the system used in Britain (ISA's) and the USA (Roth IRA). and can be withdrawn tax-free without penalty. I am sorry. Once in. you are allowed to). Type 2 . Of course. 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. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in. at this time I do not know which system other countries use. check out whatever government supported tax-efficient savings schemes there are. you then have to pay tax on it at the prevailing income tax rates. Then you reclaim the tax that you had paid on that money. You earn $100. you would likely be hit with a tax bill at the highest rate of tax. you could inform me? Both types will have rules about how much money you can put in each year. Most countries have them and they are normally of two types: Type 1 .before-tax savings: You put your normal after-tax money into the scheme. So you have to be smart and tax efficient in how you set up your savings plan. But right now we are developing your safety net. So your $70 of savings has cost you only $40 out of your pocket. indeed.perhaps.no matter how are you work at filling up the bucket. so you pay $30 tax.after-tax savings: You put your normal. if you have decided to retire to a sunny Caribbean tax haven. and the rich. after-tax money into the scheme. You put that $70 into the scheme and claim back the $30. and a major stock market crash looks imminent. They are suggestions only. I am not an accountant or tax advisor . But suppose the storm clouds gather. consult a suitably qualified professional. Furthermore. so if you have any doubts about what you are doing. Do your -54- .7 Steps to Freedom by Noel Swanson Step 6 bucket . I am going to give you some suggestions to think about. This means that you can put more into your savings. Tax-efficient saving schemes First. anything you do is at your own risk. People who run or control large businesses. One of the most risky situations to be in is to have no control over what you can do. but remember. these suggestions apply to middle class people who are either employed or self-employed.do not rely on my suggestions. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). But. The savings can then grow tax free. So be careful. the money can grow tax free.
set up your monthly standing order and standing instructions. from vindictive ex-spouses. and then seek professional advice. the company that runs your business. If the business goes down. is to get you money into a place where it can grow tax free. and forget about it (see below).you need to get started NOW. This is your security blanket.7 Steps to Freedom by Noel Swanson Step 6 research. This is very specialised so you must get advice. The whole point of a plan for comfort is. if appropriate. But this is what the rich do . 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. and under your control. Roth Ira. it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. as a subsidiary. they are at risk should your business go under. from inheritance tax. you may find that you can protect your assets from the tax man. so make sure that wherever you put your money. know their limitations and. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. But be careful. Read Robert Kiyosaki's books for more information about how this can benefit you. But get professional advice. use them to their maximum. after all. or are resident in more than one country. I will tell you in a minute what you are looking for from them. Using Corporations If you are self-employed. That is to be avoided at all costs.sign up for one. If the savings are still owned by the same company as your business. you may find that it is better to leave your savings in the company than to withdraw them. Using Trusts If you have a lot of money. Your goal. it is safe. and be safe from any personal disasters you might face. Then pass the profits up to the holding company for safe keeping. RRSP. For the average person. -55- .so it obviously works. 401(k) etc) 2) Then think about the other ideas. and from personal bankruptcy and disaster by using carefully constructed Trusts. so make it safe! Having said that . The way around this is to have a holding company that in turn owns. over all. that it is a lifeboat in case everything else goes wrong. If you do have a company. or running a business. these schemes are a must . the holding company should still remain afloat.
7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally. That means that if they do well. over time. These are the indices that you hear quoted on the news. the next question is how much do you have to invest right now? There are three bands to think about: 0 . These are companies that buy stocks and shares in huge quantities. and if they do poorly.$20. that is. How much do you have? Step 6 Okay. So. You set -56- . TSE 100. Instead. etc. you will invest in an Investment Trust or Mutual Fund. The good news is that this allows you to participate in the stock market. T-bills. Dow Jones. to invest in individual stocks or shares. RRSP. consistent results. You will still get excellent returns over the long haul. national savings certificate. It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA. but on average you will do averagely .000 + Follow plan A below Follow plan B below Follow plan C below Plan A .current investment of less than $20. this is not bad. and then let you participate in what they have done.000 . Allow you to automatically invest a regular. certificates of deposit. or bonds (gilts in UK). here are the steps to take: 1) Find a good fund in which to invest.000 You do not have enough. no.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). yet. which.000 $20. monthly sum by standing order. 401(k)). you may have some phenomenal years. You will not get spectacular. which is very convenient. Yes. the S&P 500.000 $50. Don't worry. so will you. so will you. Until the crash. Many of then will run their own scheme. all fund managers have a follow-the-herd mentality. will almost certainly give you a better return than fixed interest savings like bank accounts.$50. The bad news is that most.
Then investigate the alternatives . look for which company has been consistently at the top of the pile over 3. you will just have to put it into an ordinary investment account and pay up the taxes when they are due.$50. above average. Commissions or other front or rear-end charges ("load") must be minimal. you probably have too much to put straight into a tax-efficient scheme.and some more challenges.000. If all else fails. Above all. and they automatically invest it into the scheme. Actually. 401(k) etc. 3) Invest your initial lump sum in the scheme. First of all. there is a lot of sense in thinking about this: Many of them are not only tax -57- . never. still put 10% aside. RRSP. Don't forget to see if you can use your children's allowances too.they rarely perform well this year. never.or that the charges go down to nil if you leave the money in for a few years. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income.7 Steps to Freedom by Noel Swanson Step 6 up the order. A real pain.current investment of $20. 5.however little you are earning. Don't look for last year's stars . and 10 years. and make sure that they are either nil . Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. 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. Set it up so that it goes right after your pay arrives in the bank. try to resist the temptation to lower the amount. Management charges should be low (less than 1%). track record. 2) Do the same for your partner. The company should have a proven. not hot-shot flash in the pan. Instead. 5) Readjust your expenses so that you can live within your means. 6) Keep going until the total amount invested is worth over $20.000 . So maximise the use of the ISA.000 At this level you have a bit more flexibility .using a company or trust. completely stop the monthly savings . never. buying the shares or units at the prevailing price at the time. When that happens. but the only alternative is to move to a lower tax country. You want solid consistency. This is how much the company charges you each year for running and administering your account for you. move onto Plan B Plan B .
At this level you move on from investing in Unit Trusts. again.co. These are known as discount brokers. You are also looking for low trading costs (commission on buying and selling shares). when you could move to one of these places and live like one right now? Anyway.sharepeople. but also they have lovely climates. Why struggle to become a millionaire.uk run a self-directed Maxi ISA. Goa (India).. many.. looking for minimal set up and maintenance charges. In Canada this is called a self-directed RRSP. In fact. 2) Invest the maximum amount you can into the scheme. You now have enough to begin investing in individual shares. They will not give you any advice about what to buy or sell . or whatever if you can). Just do it.. Just follow the instructions. Take a look at the British Virgin Islands.7 Steps to Freedom by Noel Swanson Step 6 free. Don't try to second-guess the market. Note: these strategies will work equally well on your own country's stock exchange. fax. TD are examples. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8).but you don't want that anyway. Read it. and so on. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company. 4) Set up your monthly standing order to go into the second account for the rest of this financial year. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow".it is very little work. I know its boring. Normally you can do this by phone.. E*Trade. Mutual Funds and Investment Trusts. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. All they will do is take your instructions and act on them. but it still -58- . There are now many. Scottrade..com for information on various expatriate havens around the world. You are. and spread it evenly across the 10 shares that qualify. In England. Follow 0'Shaughnessy's instructions exactly . You will earn a higher return than Plan A. So for not a lot of money you can live like kings. If you can't . Vanuatu. have a look at www. Isle of Man. Yes.then just invest in US shares (provided your scheme's rules allow it. or online. trust. Philippines. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). and a very low cost of living.escapeartist. back to the plot. The only thing that stops you is your fear. Charles Schwab. So. provided you can find the information you need. which is just what you want. 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. Belize. Divide up the total amount that you have to invest. www. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance.
the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy. probably the safest bet would be gold (if you want to read more about the likelihood of a depression. That means that some years you may make a loss! Overall. But you must view this as a long term strategy of at least 10 years. and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . however. Plan C . that Reasonable Runaways has significant volatility. or the combination of the two). mechanical plan for comfort. no-brain. and then tell you the market will crash? Tricky. Then move on to Plan C. Follow steps 1 . then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways.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 this is supposed to be a mechanical. At this stage you can go for a full-blown diversified portfolio of 25 different shares. I don't have a crystal ball . however.e. In fact. which defeats the object of having a mechanical plan. very. soon (i. just because the market has gone up for 40 years doesn't mean it will go up forever. Please note. And even cash might not be safe. long-term plan. if I knew for sure the market would crash next year. Preferably 15 or 20. Maybe you will over the short term. But for your boring.current investment of more than $50. But that would mean you have to get into the game of trying to predict the market. passive. First. read Financial Reckoning Day and Conquer the Crash).and don't let any fancy market analyst tell you that they have . Any less and you could be in for a nasty shock if luck is against you. and you may start panicking that you are losing instead of making money.000.they don't! Second. sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. Leaders with Lustre. perhaps in 2004 or 2005). We are probably even going to go into a depression as serious as the 1930's. just follow the rules. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). In fact probably quite the opposite. Hmm.000 Now you are really rocking. you should make 18-19% return.e. But be warned. I. On the other hand.4 of Plan B. Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very. and then invest after the crash (always the best time). I would tell you to keep your money in cash until then. put the money away each month and forget about it. So. it may well be a rocky ride for the next few years.but do you have a better plan? So how come your not already rich and free? -59- .
get to work developing your financial intelligence. Don't wait to know more before you start . Remember this is your long term back-up plan. as a result. and have a backup plan. if you do devote yourself to developing your financial IQ. before too long will probably start to take a more active interest in your plan. Hopefully it will prevent you from being poor. once the plan is up and running on autopilot. and then you just forget about them from one year to the next. 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- . That is not the goal. Okay there it is: now you need to go out and make it happen. Especially forget about it during the rest of the year . After the crash they will work again. They will take a few days to set up. See you next week for Step 7 .Your Plan for Prosperity! STOP! Before you go. This is your Plan for Comfort. this is all about getting your head straight. That might cost you big-time if. Then. You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility. You are on your own and you have to figure it out yourself. you will have learnt enough to be able to protect yourself from it. by the time the crash comes. In fact. That is what this is all about. That is the goal. Hopefully. this is my suggestion (and it is a suggestion only. So. You can literally forget about them from year to year. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. So play for the long term.7 Steps to Freedom by Noel Swanson Step 6 As you can see. You can literally forget about them from year to year. but it will require more work. The will work excellently up until we have a major stock market crash. But none of this is applicable to your plan for comfort at this stage. Follow O'Shaughnessy's instructions exactly.you have to start pedalling the bicycle before you can start to steer it. I am not your financial advisor. Follow the instructions religiously. There are NO guarantees in life. The advantage of these systems is that they are completely mechanical and require no thought. You can even learn to make money when the market is going down. It won't make you rich. In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. so stop worrying about it and go and get a life! All three of these plans require minimal work.thinking about it will only make you stressed. you are asleep and oblivious when the crash comes. The disadvantage is that they are completely mechanical and require no thought.
yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy. If you are having any thoughts at all about playing the stock market in any way. Want to read more about this principle? Get hold of The Wealthy Barber. you must first read Trading for a Living and Come Into My Trading Room. both by Dr. In fact. 15. Who wants to wait that long to make some decent money? But you know what? 10. These are the best books I have ever read on how to invest (and I have read plenty).there always seem to be much better/easier ways of making money than putting 10% into savings each month. And it takes so long. I mean. And when then do.10. I bet you don’t. Essential Stock Market Books The plans described above are completely mechanical. 15 and 20 years will pass. or The Richest Man in Babylon. since you are then less likely to fiddle with them!. Alexander Elder (another psychiatrist. In fact. by the way!). Two excellent books that have been widely read . 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.. Step 6 Do you know why I say that? Because it is so boring . do it now.. it is probably better if you don't. -61- . They are absolutely essential reading. 20 years. Beside you "can’t" spare the money right now. You need know nothing about the stock market to operate them successfully. 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.7 Steps to Freedom by Noel Swanson up your comfortable plan.
If you do that. and stops you getting side-tracked. A bicycle will get you to the nearest convenience store. This week we are going to look at some different vehicles that you can use to get to your goal.Step 7 . Without the passion inspired by the dream. Which will suit you will depend on your dreams. -62- . in themselves.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. There are. 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. If you don’t then living your life is rather like getting on a bus without first checking on where it is going. You need a vehicle. But you need a jet or a ship to take you to a different continent. the vehicle you choose depends a lot on the destination you have in mind. won’t get you there. they do fall into a number of categories. of course. or find another means of transport. If the bus you are on breaks down. and on your mission in life (Step 4. you would probably just sit down beside the road and hope that someone comes to rescue you. But note again. 2) They keep you motivated. This week we start to plan for the best. However. I will start with what I believe to be the very easiest ways to make money. But Dreams and Goals. remember?). some of which are a lot easier than others. but hopefully they will. Confidence? Your plans for Security and Comfort are about confidence. and then work downwards. you won’t get on the bus that goes somewhere else. at least. as many ways to reach your goals as there are people. Over the last few weeks we have been planning for the worst. Your Plan for Prosperity is about Optimism. act as a spur to find your own vehicle for success. If you know where you want to go. you will do what it takes to either find a different bus. Remember we talked about Optimism v. Perhaps none of these will suit you. By now you will have (I hope) some clear dreams and goals. here it is: your Plan for Prosperity.
in turn. however. the more money you will make. 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. radio and TV. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . But what is the truth? Well. Or they might buy their position through Google Ad-words. in order to make money. work hard. you will have to provide a service to people. They can only get customers by getting the word out and telling them about their products. But there are many ways of doing the above. It is just another medium. and the greater the number of people.the majority of websites make no money. You don’t get rich working for other people . direct mail. is that it is so cheap to get started.com -63- . But if you get it right. here are my suggestions. To do this.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. Both of these make it ideal for the keen and determined newbie. or Overture. 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. and so quick to produce results. Almost always their goal is to attract people to visit their website where they will. Except in very rare situations. The beauty about it. like newspapers. you can become very wealthy indeed. through which business can be conducted. if you are to be the one that makes the money from the service you provide. be induced to buy. People who are selling products or services need customers. In the end there is nothing special about the internet. and persevere. they might employ various search engine optimisation strategies. To do this they need to advertise. the reality is that it is like anything else . The greater the value of that service. you are going to have to run a business of some sort. 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.and then find a way to be at the top of the list.
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. 3) Send out regular email newsletters to people who have expressed an interest in their product. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. most will provide regular emails. Now.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages.50% commission. They will normally do this by repeated e-mailings to their client base. if they then become affiliates themselves. if the web pages get a lot of traffic themselves. free ebooks and other tips and tools to get you up and earning money as quickly as possible. Then. if you want to make money from the web. for example. You can get started with absolutely no capital. way to start making money on the web. -64- . These sales people are called affiliates or associates. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. Like mine. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. Here are some ideas to get you started: 1) Join an affiliate program . there is a host of ways in which you can get involved in the above list . 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. But again.such as my own (click here for more details about my own. and then pay them a commission for each sale. or as someone who provides services or products to assist in the above process. if you don't want to waste a lot of time and really want to make the big time. But that is only worth doing.either as a seller of a product yourself. Joining an affiliate program is probably the easiest. once they have successfully sold to a customer. every time someone buys something as a result. you will earn a 40%. and certainly the cheapest. and some other excellent affiliate programs). 7) Sell the product by auction using Ebay or similar. or company. you would be wise to invest some money on further training and education. they will want to sell to that same customer again and again. With my program. Better still. service. 5) Recruit other people to sell on their behalf.
so I can highly recommend them from personal experience! Click here for more info. However. games. it is money well spent. that attracts many visitors.for example. it was these tapes that got me started on my journey to internet profits . One with a lot more content is. of course. Take a look at anonemailer. or better still. if you are going to make some money . when you work out the cost of all the services they provide. and how to avoid the common mistakes people make. plus the fact that they walk you through every step of building a successful content-rich site. not a mini-site (more on those later). How do you build a content-rich site? My recommendation is to go to Site Build It.so make your site interesting . And you can get everything in-between . knitting. movies.this could be the number of visitors to your site. You get paid for the number of times the ad is shown . this is for building a contentrich site. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. and trust. This is the affiliate model. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail. Yahoo. full of content. At first sight this appears expensive.on football. the more money you can make by selling advertising on your website. ice skating. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. 3) Develop your own website. they will start to listen to.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. But the more visitors you can get. or the number of people in a mailing list. The great thing about Google's ad sense is that the adverts automatically customise -65- . skiing. your advice and recommendations.you get paid for everytime someone clicks through on the ad. At this point you can then sell advertising space in your newsletter. In fact. pets. 2) Develop your own mailing list of opt-in subscribers. etc. Commission: You get paid for each sale.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. etc. but clearly have pros and cons. Again. or suggest products from which you will earn a commission as an affiliate. PPC: Pay per Click . It can be about anything in the world. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. This is the method used by Goodgle Ad-sense. by providing some kind of free service. All of these work. Note.
Have a read of this free ebook for more information about how to find and use niche markets. I will be quick to point out that I have no personal experience of either of these. and so there are huge industries trying to exploit these "niches". What are they? Well. so cannot point you very far in the right direction. you need some tools. Obviously Money.Business to Business .7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. 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 . The key to both of these is to find a niche. a boat. 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. There are two other businesses that earn people huge amounts of money. skips. a newsletter. services or information to other businesses to help them to succeed. pornography is the biggest. I am quoting silly examples. hairspray. to find a niche that has a desperate need that is currently poorly met. or how to be a better transvestite. how much would that earn you? To do this quickly. pneumatic drills. a car. yet are rarely talked about in internet marketing circles. graphic design. But. Each site might earn only $5 . Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well.lest any of the internet gurus start accusing me of libel!). autoresponders. tools. however.g. tools that help automation.Business to Customer .you sell component parts. whatever. and Health are major needs that everyone has. e. Sex. or how to collect bird feathers. But. Essentially this falls into two types: B2C . each focussed on one niche product.$10 a day. -66- . as a newbie. and online gambling is a close second. But if you had a hundred. etc. I know. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service. you would be far better off looking for small niche markets like teaching your parrot to sing. Even better. But the point is that there are countless tiny markets waiting to be filled. One way of using this strategy is to put up hundreds of different mini-sites.you sell a retail product or service that the ordinary man in the street wants for personal reasons . they might be worth your consideration. search engine optimisation. The good news (of course!) is that I have put just such a bundle together for you. Examples include: accounting services. B2B . 5) Not for the faint hearted. if your morals and ethics permit you.it might be a novel. Be aware.
In other words. There is a very true maxim about information. but either it will be of poor quality. once again. especially on the web: Information can be: Free Quick Good but rarely all three.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very.$3000. So. different from mainstream marketing. which might cost you $100 . 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. or you will have to pay for it. If you are really serious. 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. very. so it is ideal for starting alongside your regular day job. probably most importantly. than to try to do it on the cheap by -67- . or sets you off in the wrong direction. That in itself is a problem as you just don’t know where to start. And do stay on the right side of the law. 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. I do have something that could get you started. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. So be very careful about what you go for. do your homework before you dive in. Oh. If you want good quality information then you will either have to pay for it. or you will have to spend long hours hunting for it (and remember. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. How long it takes you depends on your determination. time is money). persistence and. you can fit it around your normal daily schedule. of course!): If it is bad advice. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook. you can quickly find a lot of information. okay then.
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). the same applies for every other business . If you rent out. location. or else rent out. 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. location. But be careful. you are going to be involved in real estate deals. where do you start? My recommendation is to go to someone who knows what he is talking about. -68- . Ideally you want to find properties that are being sold in distress . so don’t be afraid to buy their expertise.g. you don’t need anything else to get going and to become successful) So. It is a real estate business that uses hamburgers as its tool. 2) Investing in real estate. It is not difficult to buy properties for no money down. has been there. then you would be better off just investing the money in the bank.the Golden Mailbox. These guys are the very best. If it pays less than this. for example. Get them. This means you can buy them below market value. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. Then you need to either renovate and sell at a profit. At an auction you can easily end up paying MORE than the property is worth. Also go and visit Frank Garon and Lee Benson. So.99 or whatever. Check the location. The resources I have recommended above are invaluable. but once you have it. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium. how do you get it right in real estate? Do the sums. So if you get it wrong it can be a slow and very painful death. is not a hamburger business. that are in an area that is clearly on the way up. and is able and willing to share it. So check things out. if you make any money. McDonald’s. repossessions.e.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. for example. then you might have to pay out money if you want to sell it. Carry out your due diligence. will cost you some pennies. Auctions are a good place to look. Obviously this eliminates most of the risk. done it. (Actually. again. Sooner or later.
You have to do your research.. you are probably going to want to have a portfolio of income producing properties. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . Ultimately.you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers. Start with Robert Allen's book. And then they wonder why their "perfect investment" is eating them alive! Clearly. People say that property will always go up. Remember luck = opportunity + preparation. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . Stay out of a deal until you are confident (i. etc. you have a plan for if it all goes wrong). this in itself will not be enough. taxes. In Japan property prices have gone down by 80%. However. This one has been going on for 10 years or more. That means two things . one absolutely essential tool that you need for this is a Real Estate Profit Calculator. perhaps a major one. The best way of all would be to get a job as a real estate agent. taxation. So do your research and studying now so that you are ready to go when the opportunities strike. At some point there will be a correction.the buying costs. But it is not enough if you are about to invest thousands of hard earned dollars. Look at lots of properties before committing to buy . A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. First do the preparation. local planning permission rules. Learn about financing deals. Do not try to jump into this as an amateur. What is more.e. Don’t be just optimistic. therefore. and then calculate your projected profits or losses. That will be the time to buy. So. You should do these calculations with your -69- . if this takes your fancy. not just how to sell to other people!). allowance for vacancy rates. broker's commission. That is not true. renovations.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process.e. not now. here are my recommendations: Take the time to learn the business. landlord-tenant laws. you have to do it accurately.. how to survey a property for yourself. Also is is probably not a good time to get on board as an investor. You also need to supplement that with learning about how to invest for yourself (i. and even the selling costs. A good one will prompt you for all the important figures. as more sales means more commission. to retire. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. legal fees. Just one point of warning. Don’t be reckless. The average length of a property bull market is 7 years.it is a great time to be an agent. Also look here for ideas on how to buy with no-moneydown.providing you with a very comfortable passive income. At the moment (2004) we are in a property boom.
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 . Although you can do no-money down deals. most ordinary companies are absolutely dreadful at marketing. Similarly.) Apart from your initial learning costs. However. for example. Obviously this is a very small example. And you also know of an excellent flower shop. that you will give back to me just 25c. your capital requirement for this is very low.and you would receive this percentage year after year. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). I will do all of this entirely at my own expense at no upfront cost. if you can become an expert on marketing. Clearly you will have to do some studying first.g. can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile. As you can see. this proposition carries no risk to the company . Don't try to do real estate investing without it. You can get your profit calculator from here. Now.7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. so once you know your stuff. and confident at approaching people and selling your proposal to them. (But then that is true of every business. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose. and only earn later. I will even design specific campaigns. and you would have to protect your interests in setting it up. Only when you have done all of that. Far better than just charging an upfront. And you will have to be prepared to work first. depending on the size of deals you area wanting to start off with. making this kind of money should be easy. Then you might have to do some jobs completely free of charge. You will have to be confident of what you know. realistically you are going to need a bit of capital to get started in this. if you take your lady to a restaurant for a special occasion. you know of an excellent restaurant. 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. -70- . one-off fee. You will need to be an analytical and creative thinker.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. but it demonstrates the principle. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen.
you need not have any contact with anyone if you so choose. The principles are very easily learnt and. if you follow them then you can achieve your dreams. allows you to multiply your efforts for maximum profits. -71- . and I will point you in the right direction.by that I mean you have to work out for yourself.e. has been used by countless people to haul them out of servitude and into the ranks of the wealthy.bringing your online business to the huge offline market. then you can grow it much faster (which is true for pretty well any business). The principles and techniques of direct mail are also invaluable for both a conventional offline business. Indeed. it can very effectively enhance both of these . information are ideal. It can be started on a shoestring. and do. alongside your day job. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. so there is a huge market offline for the same information that is selling online.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. 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. It is very time efficient and. However. That means you can run it in your spare time. often in a very short time. unlike the first business. It does also require you to come up with some products to sell. as it is all done from a distance. again. and for an internet business.you can get started for under $1000 and build it up from there. You can create these: ink and paper.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. Who does it suit? Once again. (But then that applies to just about every other business I can think of!) Risk is low . In fact. more distant market. and has low risk. Both have made millions from the business so can. Or you can buy them wholesale. this one can work for pretty well anyone. 4) Direct Mail and Mail Order My next recommendation is a home based business. Remember that most people are NOT on the internet. It is not a people business. again. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . tell you exactly what to do and how to do it. you are pretty much on your own with this one . exactly how you are going to run it. naturally. and requires no technical ability. but if you can put more money into it. until it provides enough for you to retire. It is a very easy business to run. Click here for more details. and bringing your offline local business to a much wider. i.
There is no question that done right. as with everything else. This is identical to an affiliate program. The emphasis. and done diligently.provided you can build a large team. but well established type of home based business Network Marketing. MLM can bring you a very substantial passive income. to be honest. Done. of course. In pre-internet days. Now. In case you are not familiar with it. like a subscription.and further on.7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. And then they reward you for the sales made by the people you recruit . right. may live in any country around the globe. and your team. the concept is simple: The company produces a product (ideally one that has repeat customers. 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. is that the majority of people who get into it never make a dime. or selling by direct mail. On the other hand. down through many levels (hence MLM). MLM) has come a long way over the past 30 years. and you can have hundreds of people out there selling stuff . And you can grow your team much faster than every before. but also on recruiting more people to sell products as part of your team. this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. goes not just on selling products.like soap or vitamins) that it wants to sell.they just pay on results.and the people they recruit . changed all of that. think again! Network marketing (also known as muli-level marketing. they decide to use sales people who are paid strictly on commission. But still you need to be good at communicating. and good at motivating people. the reality. except that it goes several layers deep instead of just two. therefore.and you get a small commission on every item they sell! Works great for the company . or a consumable that is used daily . The business model is very sound. The internet has. You -72- . Works great for the sales agents (that's you) also . Now your prospects. But they also give these sales people the authority to recruit more sales people. Rather than opening up an expensive store.
check these five out carefully. You just have to want your dreams badly enough. do not waste time and money fumbling around trying to find a decent program. Some have been around for decades. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. Then all you need to add is your own enthusiasm and determination. frustration and disappointment. Different things suit different people. And you will have to love talking to people. you may decide that MLM is not for you. a lot of money. This will absolutely get you off to the very best start. Be wise and get the knowledge first. But these five. Others sprang up last month. perhaps most importantly. I believe. Or. that they provide a lot of training and support to help you become successful. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. Make sure they have a strong and reliable history. when you wonder if it is ever going to work. Want to know how to get started? Whatever you do. Quitters never win and winners never quit. so you should know about them and consider them. nor do any of them guarantee success (which is why you are still working on your plan for comfort. you will have saved yourself a lot of time. Next week we will look at some other ways to make money. You don’t have to be a genius. you will experience times of excitement and exhilaration as you see your dreams getting closer. -73- . Either way. For all of them you will need commitment. In the meantime. and a lot of grief. Click here for more info. right?). Be very careful which programs you join. When you embark on them. My guess is that one or other of these is just what you need.7 Steps to Freedom by Noel Swanson will still need to use the phone. None of them are a free ticket on the gravy train. You will also have times of deep despair. personally. makes half his income from his MLM team. Hang in there and just keep working the system. determination and perseverance. a great product (that you would use yourself) and. after listening. Are there other ways of making big money? Of course there are. are the easiest and most reliable for the ordinary person to get into.
or marketing director. Consulting. nor luck . no matter how much you charge. Are you an expert at what you do? Have you been working at a high level in a traditional big business .and both can be cured! Keep reading. Why does all that happen? He makes his first fortune because he is able to see the opportunities. So that value -74- . Also. me. then you might be able to branch out as a freelance consultant.Step 7 cont. you may have thought of this before. He learns from his mistakes. nor their better intelligence. Success is 75% in the brain. The difference between the rich and the rest is not their special skills. if they suit you better. After that he then starts a completely different business and becomes a multi-millionaire. Instead. What you do not want to do is to offer your expertise as a flat fee or a fee per hour. Keep listening to tapes. . once you stop working. or senior manager. Now.? If so. If you do that. personally. your income also stops. But the key to making big money in this is in the way that you do it. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. can fit into a week. The only thing that stops you is your fears and your ignorance . or else they require much higher levels of start-up capital or specialist expertise. But still. The business then fails and he goes bankrupt.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. then go for them! 1). and all your friends to become fabulously wealthy.it is the way they think.perhaps as a senior technical advisor. Once again. the more opportunities you will see. These are either much harder and more risky than my top five. Mistakes are not bad. you are still limited by the amount of work you. the goal is to leverage your time and expertise so that they work for you. otherwise they would not think of hiring you. and the more you raise your financial IQ. etc. and only 25% in the vehicle or tool you use to achieve it. The more you develop as a person. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. provided you are willing to learn from them. He loses the fortune because he lacks the financial intelligence to safely manage his success. 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.
To do this you will need some training in marketing yourself. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly.and indeed the average "expert" is losing money. 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. and in negotiating. or else decreased expenses for them. So how do you make money on it? Two things: knowledge. the key to building wealth is first to not lose it! As Robert Kiyosaki says. don’t listen to your stock broker .7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. Remember. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market. year. But unless you are very clever. that ordinary people can use. But the sophisticated investor is making money. risk has to do with ignorance. How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. It is very easy to get burnt. we have already talked about using the Stock Market for your Plan for Comfort. or sideways. you will be developing an investment portfolio. Either way. or of the amount your expertise is saving them.each month. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham. That is so important.remember. -75- . and a system. Start to develop your investing knowledge. Whatever you do. But if you can improve their bollom line . then they pay nothing. The average man in the street . it can certainly be the means to maintain and even multiply your wealth. he lost money too! Ultimately. Once again. you need to have a very disciplined system. There are systems that work. But you have to stick to them over the long term. that is fine . Then start trading with a "virtual portfolio" before you put any real money into it. as you develop your wealth through other means.then you receive a percentage . Over the past 3 years the stock market has been going up and down like a jack-in-the-box. However.as long as you also continue the boring Plan for Comfort.if your consulting brings them no benefit. 2) Investing. Now. Whatever you do. In other words you work just like the lawyers do with their contingency fees . You will also find invaluable help from the tapes by Nightingale-Conant. Return of investment comes before return on investment! As I have said before. To be consistently profitable. don't stop doing that! If you choose to take up investing as your Plan for Prosperity. I consider the number 1 most essential books to be those by Dr. it is unlikely to be the means by which you achieve rapid wealth. It is expensive. as you become wealthy. down.
Be careful with the small ones (like wheelie bin cleaning. Yes. as all the details have already been worked out for you. This means that there is quite a high barrier to starting up. But there are much smaller franchises also. 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 . because it is a low risk way of getting into business . and limited upside potential (although you can still get pretty rich from some of them).someone has already taken the risk and done the work. High capital to get started.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. The system now works. you have to pay the franchiser a start up fee in order to learn the system and get on-board. and still potential for losing everything (it happens .not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So. There are. and all you have to do is copy it. Finally. Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. McDonald’s is the example everyone knows about. which is all handled centrally. using the exact same formula. You cannot multiply your business . there is a cap on how much you can earn.even to McDonald's) 5) Traditional Businesses. And you won’t make any money for the first 3.because they are the ones doing the multiplying. or the money for the books. Almost certainly long hours. A brilliant concept. two problems: First. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free .but then the whole idea is that you are trusting them to do it right. Then you roll out that business in multiple locations. But rather than risking your own money on it.5 years! With business no. Headaches with staff and government regulations.1 (from last week) you could already be retired by that time! Even then. most businesses are not making their owners rich . On the positive side. Get those first. you rent the system to other businessmen.they are merely -76- . First you develop a business that works. But is it a good plan for the franchise buyer? Yes and No. If you can't afford the time to study. however. as they have done so in the past. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget. Obviously if you can be the originator of a successful franchise chain. then you are laughing all the way to the bank. then you need to stay well clear of the stock market! 4) Franchises. my assessment is: high cost to get into. you are pretty much guaranteed to make a profit from the business.
The first place to start is with the financial management. For that reason I would suggest you take some money out of your next advertising budget. What then? Well. Yes you need good customer service. you are not running a mail-order business and you don't know anything about marketing on the internet.and yes. by the end of that time (or at anytime before then). guess what? Almost certainly the key is going to be the marketing. The good news is that both of those can be fixed! Provided you are prepared to do your homework. or I will refund the entire cost. In fact. and then sell it. or poor cash-flow management. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. Go see your accountant and plug all the holes through which your money is leaking out.7 Steps to Freedom by Noel Swanson Step 7 getting by. Well. Then start to learn about advertising. -77- . Take a look at the owner of your local high street store (non-franchise). But you can have all of those and still go broke? Why? Almost always because of either poor marketing. 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 . they will work whatever country you are in. how is this for a plan: Build it up as quickly as you can to a highly profitable level. of course. How do you build it up? Ah! Now there is the rub! Well. these materials (together as a bundle) have to earn you at least 10 times their purchase price. Okay. not yet anyway. maybe you are already in a traditional business. you are not fully convinced that will have paid for themselves 10-times over. I know. Yes you need good products. traditional business. Use what you have learned from them for a full year.). That's right. or the internet. Do you think he is getting rich running that??? Think of all the overheads he is paying. and turn your traditional business into your retirement cash cow. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. You are going to have to do something a bit different if you are going to stand out from the crowd. Go get them now. I will refund you your entire purchase price without any quibbles or hassle. and buy both of these resources instead: a) The Golden Mailbox and. If. The fact is that whether or not you end up using "pure" mail-order. b) How to Promote Your Offline Business Online I know.
even if only for a day! Click here for the low down! 7) Sales. if you have already written what should be a best-seller. Much has to do with who you know. -78- . And then. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. Study and learn.e. Some people are born salesmen. You get a good sized commission cheque up front. once again. they re-issued the first novel. His first novel sold 5000 copies.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . sports. And again. 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. Would he then have written a third? Would that one have been discovered? If you follow this path.don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. not your time. There are as many ways to make money as there are people. why did it make it the second time? It takes persistence to write a second one when your first one made no money. is about leveraging your time. Keep working the system until it works for you. The classic example of this is life insurance. His second became a bestseller. If that is you. Learn all you can about marketing. If you have a genius talent at something. Read all you can. His second could just as easily have flopped again. Above all. and you can continue to receive these cheques for many years to come. developing your mind and your skills will be crucial. why did it not make it the first time? Or if it was that mediocre. Take John Grisham as an example. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). do your art as a hobbie until it starts to pay off! Finally. But only try it if you are a genius at selling. Choose one (or maybe more). music. and get out there and strut your stuff. year after year you get a smaller cheque each time the client renews. then you can use your talent to set you free. i. be focussed. 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 . Invest in your financial education. and with luck ( dare I say that word?) and timing.writing. But once again you have to do it right. Later on. but most will fall into the above categories. Right. then by all means exploit it. In this case it is about selling things that produce a long term residual income. that’s about it. And learn about doing Joint Venture and percentage deals . The key. Work hard in the early years to develop a large client base. You sell one policy. And stick to it. This time it sold hundreds of thousands. Find a brilliant agent and marketing manager. You can't do them all. or that will reward you in proportion to your success. acting.
you can either keep working the 40-40 plan .then why not get a job as a real estate agent? That way you earn money today.probably for only a few years . and at the same time you are increasing your knowledge about the market as well as meeting the right contacts. Remember . For example. is yours.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. if you want to build up a real estate portfolio . Or you can work your own plan . The choice. as they say.and then be FREE.40 hours a week for 40 years to make someone else rich. But even here you can be smart. -79- .
many of them spend literally tens of thousands of dollars doing so. indeed. teaching you how to be a good employee. Dad. Poor. also teaching you how to be a good employee. We have covered an awful lot of stuff over the past few months. and you probably did not buy any of them . Ask the businessmen. But what has this to do with me becoming free?" I also recommended some reading. of course. employee. the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old. Yet you. change the way you think.in whatever field of endeavour they are in..and if you have genuinely done the exercises you will have done some hard work . you need to write down what your three plans are: your Plan for Security.The end is the beginning S o. Of course you and I know that it is just the start. not the finish. your Plan for Comfort -80- . knew better than them! Which is. They certainly transformed my thinking! Now that we have been through a bit together ." In fact. it is how you think. So where do you go from here? Well. about possibility thinking. we have reached "the end". and Rich. After that you maybe had further education or vocational training. the athletes."how is this going to make me rich?". That you have made it to here does.Step 8 . the inventors. After all that brainwashing it is going to take a bit of time to get your head straight. to keep you on track. yeah. At the beginning I was talking about dreams and goals. the artists. In every case. listen to the tapes. Dad.I hope that it is all making more sense to you. Remember. So now. At school you had 12 years of indoctrination. guess what? You need to WRITE DOWN YOUR PLAN. why you are poor and they are rich! But you have stuck with me this far . You see. I’ve heard all this before. like The Midas Method. show that you have got what it takes to make it big. So the end really is the beginning. This is attested to by everyone who is a self-made success . the explorers. We have gone full circle. I recommended them because I think they are the best. the key to wealth is not what you do. the edge that separates the best from the rest is their mindset. Inner Circle. mindset! Everyone who is wealthy says "Read the books. At the time you probably thought "Oh..evidence that you are not content to stay as an ordinary Joe. in your daily-grind job. about daring to believe.
like making an appointment with your independent financial advisor. There will be two parts to each of the three plans . -81- .to buy one property every 4 months activities . or opening an investment account. research shares using his system. go and look at 3 properties per week.7 Steps to Freedom by Noel Swanson and your Plan for Prosperity.open up account. Strand 1 . Put it in the back of your ring binder.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do .Real Estate goal .Investment goal . subscribe to auction house mailing lists. or writing your will. on a piece of paper that you can keep going back to. Then the second part will be the more general strategy.first will be your to-do list.regularly read Property Auction News. attend one business training seminar. listen to 4 tapes. weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire. Strand 2 .Education read 2 books a month. along with this book.g. Strand 3 . the daily.long term build up of capital activity .Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . Things that you need to do in order to set the plan up . Step 8 I mean actually write down. You might categorise this into categories or strands: e.
please tell me. I would also really like some feedback. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. or that provides me with the learning opportunity I need (e.. At then end of this email you will find a short questionnaire. then please let me know so that I can pass that recommendation on to others.. you will still learn something from each and every one. Notice Strand 4. Also. then doing the questionnaire will be a way of saying thanks. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers).g. In this way we can help each other. If you have some favourite books that you recommend. if you are running an internet business. encouragement and also some recommendations for further learning and training. you will have an excellent opportunity for promoting that business further (see below). Similarly. But even if they are not. Please would you click on your "reply" button. No. Whatever business you have chosen . Why will you fill it in? Well. and also more technical.become the best. real estate agent) Step 8 And so on. not every one will be the best book you have ever read. and send it back to me. If you have not enjoyed the course. then I can pass them on to others. Buy them. They are hardly uplifting! Instead. I am hoping that you have found this FREE course to be of value to you. If so. if you know of any good resources or links.Job look for a job that frees up more time. educational material about the specific business you are in. tips. then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. You need a combination . Through my newsletter I will continue to provide you with motivation.some general motivational stuff to help you to keep going even when it gets tough. get yourself into a programme of regularly listening to those tapes and reading the books. I will certainly try to pick the best ones that I know of. 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.7 Steps to Freedom by Noel Swanson Strand 5 . fill in the gaps. -82- .
my goal is to help you to achieve success . Never. 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. links to useful sites.in all areas of your life! If you have any topics or questions you want covered. -83- . S. for example.Joint venturing is always the way forward! So. Just send me an email at noel@7stepstofreedom. 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. if I publish it on my website (see. the Inner Circle testimonials). cash generator. These may range more widely over other issues such as home life. if you have any products that you would like to offer to others through the newsletter. I will be in touch from time to time with recommendations on reading materials.perhaps we can start a bit of a dialogue through the newsletter. to give me some feedback. Remember. Thank you for your feedback! Keep working your plan. But I hope it is not the end of our association. Never give up." Okay. as well as financial. I have given you a lot of valuable free information. Would you please take a moment. Depending what it is we may be able to work out some kind of deal! . then please get in touch. Noel Swanson P. Never. 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. Your friend.com and tell me what you think. personal. Never. and special offers on my own and other people’s products. I am asking you to do one simple thing for me. As I said. right now. including internet marketing. remember what Sir Winston Churchill said: "Never give up. Now... then please tell me .7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. Also. in return. parenting etc.
7stepstofreedom.pdf". Click here to download your brandable version of this ebook (if you have not already done so.zip file. It is absolutely free.exe. and sign up to my affiliate program. of course. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate. Open the 7steps. I will even introduce you to some other well respected and high-paying affiliate programs. 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. Or you can simply tell your friends about the book and point them to my website. PDFbrand. and drag-and-drop the PDF book into it.com/x. It's that easy. replaced by your 4-digit affiliate code. and you will find the branding tool. and pass it out to your friends by email or on disk. you will earn a commission. To brand your own copy of this ebook 2.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. Run this program. What's even better is that when they then sign up as affiliates.php?adminid=483&id=XXXX where XXXX is. When you sign up. 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. click the "Brand!" button. since it will be called "7stepsbrandable. You can either brand this book. Once you're finished entering your details. Write it down! At this point you have two options.comEnter your email address as you want it to appear on the front cover 5. 4. asking you to automatically save the PDF under -84- . Click here. 3.) You will know if you have. The brander will then come up with a dialog box. you will emailed your unique 4-digit affiliate code.How to Make Money from this Ebook 1. Either way.
the more money you could make.the more you give it away. 'Cancel' if you want to save it under a different name or in a different location. Click 'OK' to automatically save the PDF. If you have any questions. But remember . Start giving away the book to your hearts content .com Step 8 6.pdf' in the same location as the original file.7 Steps to Freedom by Noel Swanson the name '7steps_branded.any spamming and you will be fed to the wolves! -85- . don't hesitate to email me at noel@noelswanson.
it all helps in promoting your own website! I look forward to hearing from you.. and the odd bit of rambling or ranting. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_. 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 +44 (0) 1329 513296 (UK time zone) P./?:'@~~\=+ -86- . 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. I would also cite your name and general location (e. Yours warmly.remember.html and sign up . and/or if you have a thumbnail photo of yourself that I can use. 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. Noel Swanson noel@noelswanson. Naturally you can unsubscribe at any time.S. great wisdom (!?). unless you specify otherwise.7stepstofreedom..g. town). stories and suggestions.com/index. If you would also like me to quote your website URL. please do attach that as well .Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences. I wish you every success. Normally. I shall assume that you are happy for your comments to be printed or quoted on my website. successes. So.In addition to valuable tips.
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