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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.
it is not your boss. your poverty. you will learn how to think! Because.) Then go to the Table of Contents and start on Step One. 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. or your disabilities that keep you enslaved. Why? Because. For that reason I strongly suggest that you print out this entire book now. the first is usually the most obvious (although probably not as important as the second. one more thing. that you have sufficient financial resources that you can -5- . It will take you about 10 minutes to complete. the blueprint for a better life. (Just click here and you will be taken right there. your spouse. as you work through this book. I will talk much about "retiring" and "building wealth". for most people. The door is stiff and heavy.i.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. The lock on your dungeon is rusty and difficult to turn. And I will use the term "retiring" as meaning the same as "financially free" . I'll tell you what. Okay. How to maximise your use of time How to remove the clutter from your life All this. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. So where do we start? Well. and much more. 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. Do them! This book is not light bedtime reading: it is a workbook. But above all. 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.e. It is your own mind.) So I will use wealth as our prime goal. 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. In the following chapters. and will cost you not one penny. Go on. But you are the one that has to do it! And so. Oh. You will have to work at them if you are to successfully open them I will show you what to do. lets get started. you will find tasks set for you. the two biggest hurdles they face are about becoming financially free. and emotionally free. And of these.
7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. "Retiring" does not have to mean you never work again .you may like your career and want to continue in it. Just follow the instructions and you will get there. But perhaps you have different priorities and goals in life? No matter. See you on the other side! Noel Swanson -6- . The principles will apply in exactly the same way. Great! As long as that is your choice and not a necessity.
40 hours a week for 40 years. On the other -7- . and 95% of the adult population. Of being destitute and dependent on a state pension when you are old and frail.except you have no money. 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. You are afraid. get up in the morning. So why do you do it? Let me tell you why: FEAR . If that is not true. 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. for forty years? This is often known as the 40/40 plan . So now you are old. doing a job that causes you stress and worry.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.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 . neighbours and relatives. and then come home worn out. Of not having clothes to wear. Of not being able to feed yourself and your family. Of having your house repossessed. 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. Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. with free time to do what you want . only to repeat the same exercise day after day. you would cut your hours. That’s right. go in to work. Of being ridiculed and pitied by your friends. trade eight or more of the best hours of your day for a pathetic amount of money. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years.Step 1 . And at the end of it. let me ask you why it is that you. perhaps ill. In contrast. expenses and luxuries.
There is another aspect to this. since money is such a big issue for most people. then your mind starts to look for ways around. if you like. you start to find the reasons why you can.8 years. or over the excuses.7 Steps to Freedom by Noel Swanson hand. once there is an iron-fast conviction in your soul that says “that’s where I am headed. day in and day out? It certainly isn’t the money. too thin. So what do you need? You need two things: 1) A clear goal. 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. it is extremely unlikely that it will be through your current job or employment. come what may”. If you are serious about becoming free in the next 2 . “If only I didn’t have to go to work every day”. and 2) A reason why. 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. safe to say. Henry Ford but it best when he said “Whether you say you can. Most likely you are going to have to start some kind of new venture. and you set out to get it. There will be set backs on the way. making serious money takes commitment and perseverence. 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”. too stupid. These need to be so powerful. or staying on your diet. and so on. Step 1 So. too old. all the excuses start to fall away. Take a world class athlete like golfer Tiger Woods. Things don’t always go as planned. really want. -8- . Instead of “I can’t”. They must win. But. Once you know what it is you really. under. Now. Those just won’t cut it when the going gets tough. too clever. the wrong sex.both for their chosen sport. And that passion drives them on when others would give up. Once your focus is clear. you are correct”. and also for winning. or you say you can’t. or 5-times Olympic gold medalist Steven Redgrave. too fat. At times you won’t feel like doing it . and so entrenched in your very being. It is a deep seated passion . you too need that passion. a wish or an ought is not enough to keep you going for even a month. You will have to make some sacrifices. What makes them train and practice so hard.just like when you don’t feel like going to the gym. that they start to shape the way you see the world. the wrong education. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. in your soul. But once you have decided.
On the other hand. meeting more friends. Whether it is losing weight.nor how big or small your goal is. the lack of a clear goal. or starting any new venture or adventure. Of all the reasons why people fail to make it in their new venture. and the lack of passion for that goal are the top of the list. 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 . Who would you listen to? Remember I said that you would need to do some work? Well. What matters is that it is yours. “Why not just get on with making the money?” So why is it that these people are broke. they would say. you will find a strong and powerful passion that has driven them onwards. not just your finances. This is of vital importance. 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. “What’s the point?”. and still interested in learning the secrets of wealth and freedom. 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 probably won’t happen unless there is that passion. if you are still with me. stopping smoking. 2) Why did you pick that one priority? -9- . getting married. (however you might define success). and it matters to you. for everyone who has made a real success of life. getting fit. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. those goals and dreams first.
In fact. In fact. “I won’t be living in this dump”).it really is vital. Spend some time thinking and dreaming about this .and then right down your answers in as much detail as you can.g. The more detailed. look at what you will be doing instead (e. Done that? Okay. of course). it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here .you will want to be doing this everyday of your life until you reach those goals.you have some work to be getting on with! -10- . the more vivid. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. Sounds crazy. with the mortgage fully paid off.g. that’s enough for this week . It is only a small investment in your future. What do you want for yourself then .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. this is essential if you are serious about unlocking the doors to your dungeon.don’t look at what you won’t be doing (e. Avoid negatives . what will you be doing. This is why successful people are constantly reading and listening to motivational books and tapes. and has invaluable lessons (provided you do them. what will you own? Be as specific and detailed as you can. the greater chances of success. the more real your description.where will you be. As a first step. “I will be in a 4-bed detached cottage in the countryside. I strongly encourage you to start to do so also.”) Do not miss out this exercise . go to onto the internet and get yourself The Midas Secrets package.
Isn’t it time to do something different? -11- . if you always do what you’ve always done. and the grit and determination to reach those goals. you’ll always get what you’ve always got. Step 1 Remember.7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset.
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. You will note that some of your tasks are important (by this I mean important to you).congratulations . some of these tasks are urgent. Well worth getting hold of. 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. but that does not mean the task is important to you . If not . You should be able to get it from your public library.Step 2 . That means they need to be done now -12- . Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People. isn’t it.What is Important? D id you write down your goals from Step 1? If you did . to let other priorities and demands get in the way of what is important. such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them. you won’t be the only one! It is so easy.you have made a crucial first step to achieving them. 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.although the friendship might be) At the same time.well. or else click on the link and it will take you straight to it at Amazon.
things that have to be done today. or even next month would probably do. And the ironing can wait until there is time.it is important to your future . But these activities are important. or two months ago. on top of all that. and yourself. if you could do them regularly.stressed out by too much to do and too little time in which to do it . Then. or the tax man).to you . If you are like most people . As you do these. In fact.doodling. or keeping up to date with developments in your field of work. Likewise. daydreaming. Next week. Tomorrow is not good enough. In other words. For example.looking after your property. And what happens to Quadrant Two? All those tasks that are vitally important. because you never got around to replacing the oil 6 months ago.it’s their agenda. For example. or painting the house. you don’t have to go to the gym today . but not urgent) that you know you should be doing. Reading this course is a Quadrant Two activity . Now. take a look at your own life. maintaining your house and car. The same with the exercises from last week and from The Midas Method. relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind. a colleague. but just can’t find the time for.but could easily be pushed to the bottom of the pile until you have time to do it.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities . They need to happen. Included here are things such as getting exercise. but sit quietly in the background waiting for you to get around to them. month. you are probably getting stressed by all the Quadrant Two activities (important. Often this is because of some deadline imposed by someone else (like the boss. watching TV with a beer. Most of these activities are of the maintenance and improvement type . and improving and developing your knowledge and skills. being kind hearted and generous. you say “yes” to this Quadrant Three activity (Urgent. because you did not get around to doing them a week. Like going to the gym. Many of them are of the “putting out fires” variety. but not important . and your help would make such a difference to them. you would find that they actually help to prevent many of the Quadrant One -13- . And. not yours).tomorrow is probably just as good. In fact all those things on your mental “to-do list”.these things are both urgent and important. Other things are much less urgent. and they have to be done today.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. if only you had the time. 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 . the car has broken down. filling in the crossword. the car does not have to be serviced this week. You have to do them. Which you would. These activities probably take up most of your day.
But whatever they did. misery.other people. What matters is where you go from here. How it turns out for you is down to the decisions you take from here on. will affect your life from then on. Or you can sit around. Of course other people and events have played a part. the will of god. Get some books. If it is from quadrant 3 or 4 . listen to some tapes. complaining about the circumstances. and problems in their lives. or start a business. And often one of the hardest for them to overcome.say “no”! You must work on what is important to you before you work on what is important to other people. The future is unwritten. decide. that you do them.or your could choose to move abroad. It is a blank slate for you to write upon. the government? If you are to achieve the success you deserve. fate. You don’t have to be rude or unhelpful. So. you must learn this skill. I have found this to be one of the biggest reasons for why people continue to have stress. in each day. schedule in some time that is reserved for these activities . remember?). or change jobs.if you make the right decisions. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. You really can reach your goals . your answer to this must be “Me!”. Sorry if this sounds rather hard. We have all made mistakes. At the beginning of each day. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past.. You can choose to carry on as you are .and stick to it. and hoping that someone else will do something to improve your lot.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure. and whatever happened. And whatever you do. or get divorced. But if you are going to reach your goals. Most people find this very difficult. to summarise. here are your tasks for the next month: -14- .. Now. or. This brings me on to the second main point for Step 2: Who is in charge of your life? Is it you? Or is it something outside of you . or do not. what was crucial was what you did in response. Life is all about the decisions you take. But equally you certainly don’t have to be a doormat. there is a balance in all this. Here are some suggestions: With each task you do today. This opens up tremendous possibilities for you. You are where you are because of the decisions you took in the past. ask yourself which quadrant this fits in.
Make sure you do it each day. etc. 2) Make a list of the 6 most important (to you) tasks for the day. getting some exercise.the goal setting is best done at the beginning of the day. as long as it happens. Try and do it at the same time each day . If you did them all. studying.you would not have done them using any other system either. the rest can be at any time. Then start with number one and persist with it until it is done.don’t beat yourself up . the only person you are cheating is yourself. If you miss a day . Make every effort to avoid being sidetracked or distracted from it. If you have not already done them. See you next week in Step 3! -15- . great! If you didn’t . 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 .but make sure you don’t slip up again! After all. If you come to a point that depends on some external event (like waiting for someone else). Okay .your task this week: Do both of these every day.use this for reviewing your goals. But at least you worked on the most important of them. then move on to task two and stick with that until it is done. By the end of the day you will either have completed all 6 or just some of them. Tomorrow make a new list (which might or might not include today’s items). put your Midas Method goals at the top of your list as your Number 1 priority.
“For every action there is an opposite and equal reaction. planes fly.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. and rockets are able to land on the moon. It is through an understanding of this law that cars drive. whether we like it or not. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. Here are some of the most famous. the number of people to whom you bring it. So what does this have to do with making money? Absolutely everything. we would be wise to learn this. But because of the long and arduous training she is rather more difficult to replace. in many different forms. and so it is easy to replace him. and the incident provided them with some great stories to relate to the friends and relatives. and underlies just about everything that we do. “"Give. It is a relatively unskilled job. of which the poor African villagers seemed to have been surprisingly ignorant." Jesus. tells the story of some Africans riding in the back of a truck. they simply climbed out of the back . It has its effect every time we do anything. and Maths E arl Nightingale. So her -16- . It has been stated by many people. depending on the type of circumstance that they were describing. and it will be given to you: good measure. it will be measured back to you. they decided that this was the point at which they wanted to get off. For with the same measure that you use. and the difficulty of replacing you. So instead of hammering on the side of the truck to signal to the driver.Step 3 . it will also be the means to your own financial security. And once you fully understand it. shaken together. and use it to our profit. As the truck was bouncing along down some dusty track.Passion. Consequently his pay is low. A lawyer or doctor brings greater benefit. This law pervades the entire universe. But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect. and running over will be put into your bosom. Since this is the case. but still to only one client at a time. one of the original and greatest motivational teachers.” Newton. Here are some examples: A window cleaner brings a small benefit to one household at a time. This Law is one of the most fundamental laws in the universe. pressed down. Luke 6:38.
the best ideas. The same also applies to star-quality actors. 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 . If you can do this. skilled writing is fairly uncommon. The trouble is. entertainers. your reward will follow. as sure as the sun will shine tomorrow.” It does not work that way around. The reason for that is very simple . it is very hard to become financially independent as an employee . Step 3 A best selling author brings a small benefit (a few hours entertainment). and 3) is scarce. And yet so many people expect just that.become so indispensable to the company that they cannot manage without you. I will put the logs on. Don’t just do “grunt work” that anyone could do . This is especially true in employment . here is how you do it: Become the best employee there is .7 Steps to Freedom by Noel Swanson income is above average. To expect otherwise would be like telling an empty fireplace. Getting this combination right is the maths. But be clear that it is in that order first you provide the benefit. And there are only so many hours that you have that you can exchange. The maths is simply wrong. the greatest number or sales or clients. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes .find a niche in which you become the expert or the specialist. then. If you are in employment and wish to rise through the ranks.the greater the benefit the better.they expect the pay rise or the promotion first. -17- .for the simple reason that. It is not necessarily about working all hours of day and night . But work smart. not hard. proportionate to the number of readers).such employees simply get taken advantage of. but to millions of readers. before they will put in the extra work.but the problem is that it is to only one person at a time! So. If you can get it right. Produce the highest output. Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on. “you provide the heat and then when you have done that. or cannot be easily provided by someone else. so his income can be quite large (in fact. 2) can be supplied to as many people as possible.namely the business owner. in the end. then the rewards follow. and sportsmen and women. all your efforts are primarily going to benefit someone else . then your reward will follow.the deal is that you exchange your hours of labor for money. Also.
or even millions? This could be done by books. you will probably find that most millionaires have worked very hard to build their fortunes. Or you could develop a business in which you help other people to be successful.but teaching a school class has the wrong maths. however. If you look around. so that they benefit more and more people. to achieve this. Most could probably be described as workaholics. you will also have to provide a service or product that people want. to put it the other way around .whether that be a hungry crowd desperate for a burger. So get the maths right. You love skiing . Yet if you asked them. But also find something that you love. So why not. Why do it when there are so many enjoyable things to do. handicapped. thousands.but being a ski instructor doesn’t pay. Find something about which you have a passion. There is. Clearly. Could you set up some kind of tourist operation . Then the maths is right. school/business groups) or destination (undiscovered and exotic locations.7 Steps to Freedom by Noel Swanson Step 3 Consequently. What about finding a way to extend your teaching to hundreds. I believe that life is just too short to be spending it doing things that you hate. as play. By its very nature it is -18- . is to find a way to multiply your efforts. than if it is a total bore.do what you love. and/or large conferences and seminars. And why not? You are much more likely to put in the hard work if it is fun. Or.g. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. Life is supposed to be fun. to make enough money to become financially free is going to take some work. that it is not so much work. It is no use putting all your efforts into something and then finding out that nobody wants it.perhaps filling a niche market for a particular type of skier (e. most would probably tell you that they love what they do. as second side to all of this. or collectors desperate for football or pokemon cards. have fun while you are doing it? This is what I call the passion. You are much more likely to persevere. training tapes and videos. Network (or multi-level) marketing is wonderful tool for doing just that. Much better to find a niche where people are begging for your service . or that bring great stress. at least. off-piste powder tours)? You love helping people. then if it is tedious. and see it through to the end if you are passionate about what you do. the only way to make more. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching . Whatever means you choose.
We will be looking more at this in a later Step. or are you more artistic and intuitive? Are you good at leading others. the more you yourself will earn.let your imagination take you where it will. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). or joint venture with someone who does like networking or selling. is worthwhile. In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. what would give you the greatest pleasure and satisfaction? Do not limit yourself . 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. “My mission (or purpose) in life is to _____________________ (do something) -19- . then you are on the high road to both success and happiness.such as writing. So if you can find a purpose to your life that brings value to people. or fixing cars or cooking). But you love working on a project . and either use the internet as a tool to make it available to the masses. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. You hate meeting strangers and having to talk to people you don’t know. it is a process. or computer programming. You could be employed by a company to develop their products . 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. Note also that the notion of purpose is that of action. Your task for this week is to think about your passion. or programming. and suits your personality and unique pattern of strengths. you might just find your life’s calling! To help you. The first is that wealth comes from bringing value to other people. of doing something. The joy is in the journey. lets just think for a minute. One way to think about this is to develop your own mission statement. here is a question that might prompt some thinking. or do you prefer to just be given a job to get on with? If you could do anything at all. What is your purpose in life? Now.or you could develop your own product that has value to many. So why not have a personal mission statement. All you have to do is to fill in three blanks in the following statement. So at this stage I don’t want you to be worrying about the maths. Think also about your personal character traits. The second is that happiness is a by-product of doing something that is worthwhile. Life is not an end point. 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.
Note that this might be anything form individual people right up to large groups. When you do. leader. What you do. Table 2 lists some other possibilities.” Start with finding the right verb. keep brainstorming until you find your own. 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. But don’t be limited by these. 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. but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. Below I will give you some ideas. unique. I will leave that to your imagination. what I love doing. “My mission is to __________ ____________. Of course there are many. When you find the right outcome. then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it. many more. In what way will this be of benefit to them? What will they have. It might be an audience if you are an entertainer.” Step two is then to identify the recipients of your actions. If there is minister enroll enhance no benefit of some kind. influence refine coach inform serve discover encourager. The list in Table 1 nurse acknowledge facilitate may give you some ideas. mission. or motorists. Who benefits from what you do. there will be a “eureka” quality to it. Even drug dealers provide a “benefit” to people . or even countries (if you fancy being Prime Minister!). you will feel it resonate with your whole spirit and being. if you are a mechanic. You will say “Yes! That’s it! That’s what my life is about. With the right verb you should be able to complete the first stage: “My mission is to ______________ people.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. you have your completed mission statement: -20- . or be Table 2. entertainer. and what provides me with satisfaction and excitement. What is it you love doing help referee challenge with people? Are you a natural born teacher. identify the desired outcome of your work with these people.” 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.they relieve their Table 1. able to do as a result of your actions? Table 3 lists some ideas.
” “My mission in life is to discover new places to which adventurous golfers can travel. --. Next you need to know where you are now. At this point do not be thinking about how you will do it. Life is a journey.oOo --Your task for this week? Yes. Only then can you work out the quickest route to get from here to there. Hang in there! -21- . Keep doing so until you have something that makes you feel good.” As you can see from these examples.” 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. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear. In the Step 4 we will be looking at how to take stock of where you are now. you can play around with the form of words to make the mission fit you. Concentrate only on what it is you want to do. you have guessed it! Complete the blanks above. the destination.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. So far we have been looking at where you want to get to.
At this point of time. this week’s task is to take full stock of your situation. Poor Dad”. but the content is first class. by now: know that you can achieve whatever it is you set your mind to. Suppose. air. The income and expenses report (also known as a profit and loss statement). I want to talk a little bit about how to create your own personal financial statement. There are two parts to a financial statement. (They are a bit wordy and repetitive at times.com . most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . we still have one further preparatory step. Once again. and the balance sheet (which details assets and liabilities). as it is to know where you are going. So. How will you get there? Will you travel by foot. your current starting point. the way in which you will make a difference to people’s lives. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. or through your local bookstore. Let’s look very briefly at both of these. bus.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. for example. if you are currently in New York.Step 4 . And an aeroplane might not be so appropriate if you are just down the road in Leeds. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. train. England”. coach. England. medium and long term. do not rush over this. your goal was to “travel to York. goals written down as to what you want to achieve in the short. have clear. specific and detailed.) You can order them through Amazon. Before we do that. It is as important to know where you are now. be excited about the type of contribution that you will bring to the world. I thoroughly recommend them. Before we start to look at the ways in which you will do all of this. Income and expenses . and the sequel “Cashflow Quadrants”. USA.
In other words. This income goes into the income section of your report (see Fig. This is what you are trying to achieve for financial freedom . but the income stops. repairs. and pretty much everything else you own is a liability in that they are costing you money every month. Clearly there are two ways to achieve this . In this you can see that the majority of their income comes not from their work. Some of this goes directly out as expenses (of which tax is the biggest one) . your car. and loan interest.ouch! The expenses continue. Cashflow of the rich Incidently. 1). In contrast. you can see the direction of your cash flow: it flows in from the job. Unfortunately most of this money immediately flows out again.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. 1 to Fig. then that property would be putting money into your pocket. So.” From this definition. it is an asset.” In contrast to an asset which is “anything that puts money into my pocket. and the rent your received was greater than all your expenses in terms of maintenance. if you ever lose your job . So. They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. but from the assets they have accumulated (arrow C).arrow A. you are trying to get from Fig. For example. Figure 1Figure 2 . The trouble is. the rich also manage to sidestep most of the taxes as well. -23- .arrow B. and out through expenses and liabilities.7 Steps to Freedom by Noel Swanson Step 4 work that you do. the financial statement of the rich looks like Figure 2.one is to cut down on your liabilities and expenses and the second is to build up your assets. if you owned a rental property. That is not what I call freedom. 2 as quickly as possible. your sofa. The rest goes on the various liabilities you have accumulated . What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. you can quickly see that your house.
In addition.. or it won't get done! -24- . for the first week.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. you also need to do an inventory of the other parts of your life. so let's allow for two weeks to complete it.. that is what separates the winners from the losers. It comes in two parts. 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. isn’t it? Ready? Okay. complete your personal financial statement. To do that you need to prepare your own financial statement. since success is about more than just money. Once again it will require some work on your part .but then.
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-
happiness.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. 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. well done! Now use those to start building up your assets. expenses $101.000 you probably need to be thinking about planning to avoid inheritance tax. Your Retirement Quotient tells you what percentage of the week you can take off (i. $100.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.Total Expenses Net worth = Total Assets . -29- . misery” Most likely you need to find some way to cut your expenses. result.e. what do you do with these figures? First do these sums: Monthly savings = Total Income . If your monthly savings are positive. If your net worth is greater than $250.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now. but I am probably wrong) said: “Income. expenses $99. “Income $100. result.
For example. go part time). If you have got this far . then you can fully retire. your passive income exceeds your expenses. -30- . 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 . if your monthly expenses are $1.. Until next week. you could cut down your working week to earn just $1. After that we will start to develop Your Action Plan.000 per month.WELL DONE! It is not easy doing all that! But tell me.. i.. Your Relationships.covering topics such as: Your Health..500 and you are receiving $500 a month from your investments. theoretically.e. then 1/3 of your expenses are covered so. once your RQ exceeds 100%.7 Steps to Freedom by Noel Swanson Step 4 retire. Your Children All of these are important if you are looking for true FREEDOM. Obviously.
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. Or pursuing your sports or hobbies. where they are now. Of course. you can very quickly take charge of your life. Stuart Goldsmith is an excellent example. Over the space of 8 years he made himself £10 million. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. and what is getting in the way?” In the last lesson we did this for your personal finances. Just a fancy way of asking “where am I now. Opportunities and Threats) analysis. it is just an idea. you need to decide how much is enough. 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. the “law of cause and effect” being chief among them. If you focus just on money. 2) Equally important. and much less known is this: Money is not real.Preparing your Personal Inventory Part 2 . This week it is time to look at personal relationships and health. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. But real success is about living life to the full. then you will end up just like Scrooge: rich and miserable. making a difference to the people and community around you. and neglect to build up other areas of your life. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. When do you get off the gravy train so that you can do the things you really want to do. Like spending time with your family and friends. about enjoying rich and rewarding relationships. So why are they “worth” so much? Purely and simply because people say -31- S . Money is a tool towards success. 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. what do I have going for me. and how they are going to get there. before you even start on your journey to riches. So. Weaknesses. It never ceases to amaze me how most people just muddle along in life with absolutely no idea of where they are going. Look at the coins and banknotes in your pocket. Or seeing the world. Then you can map out your own destiny.
Have you had times when everything just seems to be going your way? You are on a winning streak. Money is merely a tool. and either I have to make it right again. So if you want true success. What can block your flow? Pretty much anything. or token. 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. It does you no good at all.7 Steps to Freedom by Noel Swanson Step 4 and believe they are. And -32- . and it can be released again. And this in turn depends on the agreements that people make with each other. When you buy a book from me. Now. Both are about more than money. therefore.when it gets passed around from one person to another as a token of agreements being made and fulfilled. The money that passes between us is just a record. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. Flow can be blocked. how much lighter and freer did you feel? That clutter was literally blocking your flow. When it was like that. and you feel confident and in control? And then there are times when you just feel stuck. it is a bit of a fire hazard. It is only worth something when it starts to move . Because of this. if you get blocked in one part of your life. then the agreement between us is soured. Money is worth nothing unless it is moving. The Flow has ceased. But there is still more. If anything. the more you will make. Everything works out. you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. The first is when you are in the Flow. The creative energy is blocked. a mechanism. and that is what this week’s lesson is about. this is where it gets a bit metaphysical. Wealth is therefore about FLOW. of that agreement. If I fail to do so. for exchanging value between people. A suitcase of banknotes under you bed is worth nothing. making money is. or you will be pretty angry and will never deal with me again. It really is like some kind of spiritual force. It is very much tied in with the notion of agreements. The better you are at that. 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. In the end. it will affect every other part. you do so on trust that I will deliver value to you. Nothing goes right. In fact they are about every aspect of your life. the second is when the Flow is blocked. For example. all about honouring agreements with people. 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.
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- .80m = 5' 11).8 x 1. be honest with yourself as this is entirely for your own benefit. 1. 72 kg = 158lb).g. The questionnaire below will help you to do that. Note that this is an ongoing process that you will need to be reviewing regularly.24 = 22. tea. Then take your weight in Kg (e.. No. walking.including agreements you make with yourself! In fact.even your finances! Your task this week is to identify and then start to sort out the blocks in your life.Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this.Underweight .Healthy ..24). do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e. Now divide your weight by your height squared (72/3. that would be putting a block on all areas of your life . I mean really honest!) Do you drink more than 4 cups of coffee.5 18-5 to 25 25 to 30 30 to 40 over 40 . Multiply it by itself (1. Remember that wealth is about honouring your agreements .Overweight . 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. 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. we will start with your own agreements before going on to agreements with others.7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way. cycling.g.g.2) . running.8 = 3.Obese . Once again.
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. high blood pressure. but also it is cluttering up your flow and so is harming your finances much more than you can imagine.so you now have no excuses left! ( Do it now . -34- . If you scored 10 or more. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success.. Not to mention your health and fitness. If you are a smoker. set your self some Midas Method goals to deal with it. Cheating yourself or others may work in the short term. or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. 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. One or other of these should sort you out . Sorry about the language. Not only is your smoking costing you money everyday.. diabetes. But in the long term it will come around to bite you in your ass. well done! If you scored less.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. I am serious. police etc) Unresolved conflicts are the same as broken agreements .they seriously impede your flow and will prevent you from achieving true success. 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!). Resolve NOW to do whatever it takes to resolve the conflict.don’t put it off again! Look. but it’s true.
Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. (My best friend and I planned a special holiday to celebrate 20 years of friendship. I know that if you have had some serious trauma or abuse in the past that this can be very hard.we get him everything he could want. bite the bullet and tell the truth.and not just for you. You cannot afford to have relational clutter messing up your life. Now think about those that you count as your loved ones and your friends. will save money and heartache down the road . And especially don’t make the common mistake of working long hours to buy them everything they want.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise. do it. thought and energy into raising them right. < If you need to forgive (you probably do). But it is absolutely the key to freedom . (Just as an example .or even a holiday together. 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 . Like everything in life. investing time. so trust me on this.it is only yourself that you are harming by failing to forgive. < If you need to own up to something. but for generations to come. then pay the price and do it. I know . It may cost you in the short term. then do so . Even so. but for yours.) 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. but it will more than pay for itself over the long haul. Don’t let it be squeezed out by the “urgency” of all the other things you had to do. then get a friend or counsellor to help you. If you cannot do it on your own.and I am a consultant psychiatrist. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years. This is another quadrant 2 activity.) < Let them have their way for a change! None of these will immediately put pennies into your pocket. go and do it.they don’t deserve to be forgiven. you (and your kids) will reap rewards if you make some effort -35- . Not for their benefit. including making money. If you need to put things right. 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 .” And it is usually the poorest parents who say that.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years. Yes.
you give in and don’t say “no” enough. instead of being angry. you might want to be more easy going. there are principles that apply. you will have to be happy with yourself. You get angry too easily. Don’t know where to start? Then have a look at my book. your happiness and your prosperity. Time to take a look around you.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. Finally. put them on you Midas goals. 3. I am not sure I go so far as to go along with the Feng Sui practitioners. and so on. and that affects your flow. you increase your children’s chances for happy and successful lives a hundred-fold. “The GOOD CHILD Guide”. repair the guttering. you don’t need a mansion. but I would certainly agree with them that a well kept home will enhance your health. That is not the goal. Make a list of character traits that you are not happy about. Put them one at a time on your Midas goals. 4. and do all those other little jobs that you have been meaning to get around to. character traits. and will pay you dividends over a -36- . your are unreliable. For example. one at a time. For you to be successful. are you still with me? That is quite a bit of homework I have given you. positive. No you don’t need to be obsessional. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. The goal is to develop habits that will last a lifetime. Now. do you? 2. But this is an ongoing project. But you don’t want to end your days as some miserable old “git” that nobody likes.g. and sort them out. Yourself Probably the hardest of all. picture (visualise) for yourself some situations in which you would want to demonstrate your new. e. and work at them until you achieve success. And it might take you some time (after all. You don’t have to be perfect. Stuart addresses this in terms of self-belief in The Midas Method. the reality is that life is a life long project). Then for each of these. But you do need to throw out all that junk! Sort out your wardrobe. this is all about developing a lifestyle of success. You will not complete all these exercises in a week. you may need some help with this. you lie. Once again. You will feel so much better when you do. nor even a month or a year. and if you can learn and apply them. for each of these. So here is a task: 1. your procrastinate. So. It ‘s physical state affects your spirit. Your home is where you spend most of your hours. put next to them what you want to be instead. Make a list. But once again. As you have probably realised. No.
You will never have enough time. make the time for them. It is called getting into the Flow. and somehow. -37- . Don’t. you will find you have plenty of time. The temptation will be to put them off until you have enough time.7 Steps to Freedom by Noel Swanson lifetime. See you then. magically. these are all Quadrant 2 activities. In the next Step we start to put together your action plan. Do them now. worry and guilt happy and successful children peace and contentment money Step 4 As I have said. dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress.
would be rushing down that plank to rescue the little one. this week we will really start to rock and roll! But first lets just review how far you have come. would you be able to walk along it without falling off? Sure you would.Your Plan for Security O kay. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. say 9 inches wide by 30ft long (25cm x 9m). That reason is your dream. 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. especially those with kids. Let me give you an example: If I were to lay a plank of wood. By now I hope that your dream is starting to dominate your thinking. It is also what you will continue to do unless you have a strong reason to do otherwise. -38- . down on the ground. How about if it were raised a foot (30cm) off the ground? No problem. So what was the difference? The only difference was the motivation. That is what most of your friends and acquaintances are almost certainly doing. Until your reason why is strong enough. eh? Now. That is why I spend so much time emphasising the dream and the goals. the reason why. Why? Because it is your dream that provides the motivation to succeed.Step 5 . the chances are you will not do what it takes to make the money you desire. The easy thing to do in life is to drift.
You already know that life holds no guarantees.. So far you have: Step 1 . when the going gets tough. In the face of all this uncertainty. Walk. 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. purpose in life Step 4 . You will survive. Once you boat is watertight. Fortunately she is unhurt.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. this is quite likely as we are well overdue for it . Believe me I know it . you will quit. But the car is a write-off. then prosperity. You just never know what is around the corner. In fact. very shaken. or. then you can attach the outboard engine to it. and the second stage is Step 6.Developed your own. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. So now it is simply a question of finding the right tools to plug those holes. then run.to develop your plan for security. First security. as it is only when you have this kind of confidence that you can safely embark on Step 6.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why. or there is another great depression like in the 30's (actually. You do not need to take excessive risks to become free.see Rich Dad's Prophecy). or your loving partner might develop leukemia. This is your action plan. which is to develop your action plan for prosperity.and wasted years in the process! But back to business. This is important.. From Step 4 you will have already identified the holes in your security. you will do okay.Written down your Goals Step 3 . The first stage is this week Step 5 of the plan. You might do everything right. So. With this you can have the confidence that whatever life does through at you.Developed your Dream Step 2 . I am sure.I’ve been there and done it countless times myself . If you don’t. even as I am writing this I have just leant that my sister has flipped her car over. you need: -39- . what can you do to protect yourself? That is the goal of this week . and then be hit by a bus as you cross the road tomorrow. unique. It will be done in two stages. although.
g. If you have no dependents (e. In addition. Unless your affairs are very complicated. so don’t put it off another day.normally to your nearest kin. You will need to get a write-yourself-a will kit.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. then we will pay you a cash settlement dependent on the value of the investments. There are basically two types. if by then we have made enough profit on the investments. If you die sooner than expected. We will invest this money (usually in the stock market or in bonds). the insurance kicks in and they pay you the guaranteed minimum. If you live longer than that. Whole life is a combination of insurance plus savings/investment. ” So term insurance is pure insurance that protects you in case of the unexpected.99: It really is easy. Often the process can take a long time. Without a will your possessions will be disposed of according to the prevailing law of the land . we will then pay out to your estate the minimum sum of X. When (not if) you die. In the old days whole life insurance was very common and probably worked quite well. So how do you do that? These days you can either do it yourself or get a lawyer to do it. try this one. If you make it to the predefined retirement age. 40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X. then hopefully you will gain on the investment part. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. Everyone else needs life insurance. You can either buy a printed one from a stationers. 2) Life insurance. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. Term insurance basically says this: “If you die at any time in the next 10. it is only £9. You also have no option for any kind of tax planning. or you can use a computer program that guides you through the process and then prints out your will at the end. If you are in the UK. and look after your own investments for your retirement. then we will also pay you a performance bonus of Z. No will is bad news write one now. whichever comes sooner.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. -40- . the do-it-yourself route works perfectly well and is a lot cheaper. you are still a single student) or you are already financially independent then you can miss this out. 25.
Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. not a hard sell for one company! Or go for one of the online quote brokers. How long do you need it for? You will need to consider the age of your children. When choosing an insurance company . You need to be thinking about setting up a power of attorney and perhaps a living will.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. in 20 or 30 years time. see a specialist tax adviser. the more expensive the premiums as they have to cover not just the increased risk due to time. In Britain you have to pay 40% on everything over £250. you need it. This is not about getting the cheapest deal. for the UK: http://www. and what your expenses will be down the road (for example will the mortgage be paid off). and add in a factor for inflation. If you have any decent Net Worth you need to take some advice on how to minimise death duties. 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.asp US: http://www. What if you are severely incapacitated and unable to make decisions for yourself. horrendously high. You need independent advice.com Then. statistically.000 in taxes. Don’t scrimp . whether your partner will go back to work. -41- . That does it for death planning.quotelinedirect. You want that company to still be there. once your insurance is in place. Your independent financial adviser can help.000 (which is not a lot if your mortgage is paid off!).go for rock solid.uk/main/index. you need to review it every time your circumstance change . eg. but also that due to your aging. ready to pay out. 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. If it is more complicated than that. 3) Inheritance planning. This is particularly true for occupations that require manual work or mobility. Obviously the longer the term. Standard Life is perhaps the most solid of them all. This is about getting the safest deal.especially if you have more children! Once you are rich you can cancel the policy.co.his £200 fee could save your tens of thousands. Until then. Check them out first. But with simple planning you could easily save yourself over £50. so get a good one. if not permanently are.insure.
e) Because you have transferred your balance to a new. 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). then go without whatever it is you were trying to buy.always working from highest interest down. but applies more or less everywhere): moneycentral.then you can either negotiate a special price for paying cash. This is vital. Pay the minimum on all your other debts. However. Ideally you want to have enough money set aside to live on for 3 months. in just 7 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.com/content/Retirementandwills/Planyourestate/P34945.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. c) If there are a lot of credit card debts. if you are deep in debt. Start putting some regular savings aside into a high interest savings account. you can probably pay off your entire debt. If not. f) Once the credit cards are paid off. or you will end up in even worse debt. You will probably find that by doing so your mortgage will be gone in just a few years. then start on the next debt . Pay cash instead.asp To protect yourself you need: Step 5 1) Cash in the bank. then your first priority is to pay off the debt. including mortgage. save up for it . If you choose to. exactly as much as you wrote down in b). It is crucial that you still pay off. h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. And ALWAYS paying off at least as much as you wrote down in b). each month. account. CLOSE the old accounts. If you have no cash. see if you can repeat step c). Seriously. no interest. Once you have done this. Renegotiate this so that each month you are paying back the sum in b). Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4). if you -42- . without any increase in your income. and then put everything else towards the credit cards. g) Eventually you will be left with just the mortgage.msn. You don’t need it. Hopefully you will have paid it all off before they start charging you interest again. b) Write down how much you are paying each month in debt servicing. your monthly repayments will be less. d) Now tear up your new credit card. By doing this your credit card balance will rapidly reduce.
rather than to your old profession. The amount we pay out may or may not be linked to inflation. but is usually more expensive than plain ordinary term insurance. 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). lower paid job. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. We will not cover you for any illnesses or disabilities that you already have. If you become ill or injured and are unable to work. You may also be offered mortgage protection insurance. This says: “Pay us a regular monthly premium. Check it out. but less useful are various types of critical illness or accident insurances. you will need someone who is independent to guide you through it. It seems cheap. If you are off work with the wrong illness. After that we will pay out X per month. very expensive . again. in a high risk job. we will then pay out the following: “For the first. period (anything from 2 weeks to 6 months) we will pay nothing. Get the latter. Cheaper. This comes in two varieties: One pays off your mortgage if you die. This again seems cheap.7 Steps to Freedom by Noel Swanson want everything NOW. then we could insist that you go back to an easier. unfortunately. Step 5 2) Income protection or disability insurance (goes by different names). or have various risk factors.” This type of insurance is. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. The other variety protects you in case of unemployment. There are very many different types available so. Unless you pay extra premiums. Might be worth considering.simply because they have to pay out so often. if you are old. waiting. depending on how secure your job is! So. you get nothing. 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- . to summarise. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package. We will pay this until you are back to work. or until a certain age (normally retirement age). Avoid pure accident coverage.
We will continue Step 5 next week.99 http://www. advice on estate planning and insurance.html This will redirect you to will-writing software that costs only £9.7stepstofreedom. although from a US perspective..msn.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.com/planning/home.quotelinedirect.co.smartmoney.. 6) Put some regular savings aside as an income cushion. free.uk/main/index. They have useful worksheets to help you calculate how much insurance you need.com/estate/ http://moneycentral. http://www.asp Both of these offer good.asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www.com/ukwills. -44- .
Click here and take a look a GUARANTEED way to quit smoking. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. Naturally this will take some time. I strongly recommend the book Health Defence by Dr. STOP SMOKING! You know it is crazy to carry on . Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones. Go back to “Step 4 continued”. in the herbs that so far we know nothing about. none of these are present in the artificially products. and why. The goal is to remove all the things that are blocking your flow. Furthermore. help is at hand. very readable but very well researched account of nutritional supplements . your taste buds. Last week we were preparing for the worst. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants .and it costs you money while it does this to you! Look. Naturally. we can be a bit more up-beat. Modern food is desperately short of good nutrients. This week. Clayton for a proper. Get it. this week we will prepare to avoid the worst. Mostly we dealt with the unpleasant realities of death and incapacity. Furthermore. your good looks. not created in a laboratory. so put it onto your Midas Method goals and get going: Here is some help: 1. On there you will see some questions that you answered either “yes” or “no”. -45- . due to oxidative damage.produced from pure organically grown herbs and vegetables. Indeed.it ruins your health. you will never achieve it. your sex life . your fitness. there are probably a whole host of other vitamins etc.found in fresh fruit and vegetables. But don’t go for any old supplements. to a large extent. R. but if you never start. You have probably tried a dozen times and failed. fortunately.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. At the same time. 2) Get a low-fat cookbook and experiment with some of the recipes . So. over the last 100 years the sperm count of healthy males in the USA has dropped by 95% simply because of the poor diets we eat. it is becoming clear that the effects of aging are. .Live for Success! L ast week you started to put into place your plan for security. the evidence continues to mount up about the dangers of over-processed foods and high fat diets.Step 5 cont. what you need. This really is very simple. I know it is difficult to stop.what they do. Make sure you get the best .
ice hockey. marathon running. windsurfing. Here are just a few ideas: mountain biking. many more. The restaurant that was “fully booked” now suddenly had a table free. fencing. How you dress does affect how people treat you. and the rest. If you need to apologise to someone. swimming.it is only hurting you. football. and there are so many to choose from! Ask at your local library for details of local clubs and courses. doctor. If you really (and I mean really) cannot find the time to do this. squash. golf. and maybe added some jewellery. lakes and the sea). they took some volunteers. You will meet new friends. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. If you have not used it in 2 years . badminton. They first dressed them in rough. you will start to feel better and more confident yourself. but when you start dressing smartly. tennis. not them! Over the years. 5) Go and see your dentist. smart clothes. both as a psychiatrist and as a businessman. It affects their self-worth and -46- . netball.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport .throw it or give it away! The same with all your junk in your bedroom and wardrobes. There has been some very interesting research about the effects of first impressions. casual clothes and sent them out to a variety of high street stores and restaurants. archery. and alcohol. climbing. and optometrist/opthalmologist for your screening checks. If you need to forgive. Nearly all off them treated them with much more respect and attention. and then go along to watch or ask questions. hill walking and rambling. go and do it. 4) Cut down on caffeine. None of the businesses recognised them. and find a whole new dimension to life. The difference was unbelievable. and many. 90% of people are trapped by their thoughts.it is much more fun to keep fit by doing a sport than by going to a gym. it has become absolutely clear to me that the biggest difference between the rich. 7) Make a decision to start dressing for success. martial arts. In one. then take a look at Get Fit While You Sit. This. With this programme you really have no excuses. So why not use this to your advantage? Not only that. Then they dressed them in quality. and what opportunities are open to you. did their hair up. 6) Clean out the garage and basement. go and do it . sailing. is in they way they think. canoeing (can be done on rivers. They sent them out to the same places. 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. plus the greater respect from those around you.
and see you next week. is that way that tools such as guilt. you are going to have to invest something in your personal development. The GOOD CHILD Guide is an excellent. We are done with the “boring” stuff. But that only touches the surface. I was talking to a friend about this just yesterday. go and do so now. Read some books. even essential..7 Steps to Freedom by Noel Swanson Step 5 happiness. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together. Don’t let your false pride prevent you from having a happy and successful family. In this we will look at some of the money-making vehicles available to you. place to start. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. What rarely gets talked about. If you haven't. hire some extra tuition. review your goals. take some parenting classes. Remember. and so on are used by the powerful to herd the sheep in the directions they choose. fear. It's a MUST if you want a life!" Kaz Lemmon. so what have you got to lose? Or are you not serious about your future? "A brilliant course. and by reading books such as The Midas Method and Rich Dad. and what really traps people. Do not miss the opportunity to do this course. And while you are there. Okay. their interactions with friends. On my website you will also find suggestions and help for other behavioural and learning difficulties. What are they and which are the best? Do your homework. powerful and free. duty.. It certainly opened my eyes! In fact. 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. and their bank balance. You have already started to change your thinking by reading my newsletter. Poor Dad. One of his comments was how much more confident I myself had become since joining the Inner Circle. To become wealthy. -47- . their marriages and other romantic relationships.do what it takes to get it right. Next week we start Step 6. take a look at a few of the hundreds of testimonials the course has received. there is the usual 100% money back guarantee. stick to your priorities. bosses and colleagues. Tidworth 9) If you are having difficulties with your children’s behaviour or learning .
the house will just collapse . Lets assume you are on a fairly average $30. just in case. what it does require is time. That is the purpose of the Plan for Comfort.. So while I am building my business. But don't bury your head in the sand. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. routine. But unless you lay the right foundations.Your Plan for Comfort W elcome back! This week we really set the wheels in motion. So what would it be worth if you invested this amount. (as I hope will be too .Step 6 . although the plan requires no thought or work. And make sure you teach your children to start theirs now too. even if all our attempts to be prosperous or even rich fail. 2.. 1. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. 15 or 20% return? Turn over to find out. But that’s what experience is all about. It's goal is to provide us with a comfortable standard of living. year after year. I am also making backup plans. Face the problem now. If you are already over 45 then time is something you are running out of. The aim is to get as high a rate of interest as we can. and sort it out. If that is your situation. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work.step 7 coming up soon!). But make sure you are sitting down. What does our Plan for Comfort consists of? Quite simple: month after month after month we put aside a regular amount of savings. isn’t it? Last week you finished off working on your Plan for Security. life is uncertain. -48- . The plan for security was no. this week we work on no.. and requires no thought. your Plan for Comfort. The idea of this is that it is automatic. Now.000 per year. You see. It is essential that you start this plan NOW.I should know. That would be $3. if you have not already done so.000 savings per year. Too many things are out of our control. at 5. By the time we have finished you will have in place three plans.. then you have a big problem. 10.
620 44.153 70.105 259.906 36.000 1.092 249.657 42.899 12.775 217.000 1.958 7.192 373.569 45.734 39.358 57.000 5536 45.490 174.316 32.687 13.069 128.475 24.465 5.021 45.748 29.000 45000 45000 5813 6103 6409 6729 -49- .357 8.581 141310 10% 300 630 993 1.754 247.146 577.588 213.995 1.554 45.613 114.406 21.605.751 50.312.431 4.532 10.623 107.315 2.499 174224 3.911 70.594 61.817 2.000 45.000 5.430 448.555 131.005 100.000 4.930 13.195 29.796 61.620 99.177 7.812 52.485 11.056 118.563 2.915 32.147 25.741 164.865 62.326 311.009.554 153.034 3.371 74.876 93.980 6.886 18.098 35.525 56.752 91.952 299.315 20.238 74.432 22.742 142.468 664.533 12.415 7.221 4.739 645.450 7.575 20.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.000 45.152 188.116 537.161.392 1.621 86.136 385.432 27.338.180 2.939 4.104 330.020 21000 1.351 16.229 271.287 774.923 15.748 46.000 5% 150 308 473 647 829 3.169 379.494 1335718 20% 600 1.137 10.869 185.738 151.600 7.290 23.926.139 55.172 134.261 30.090 95.923 665908 3.458 18.000 4.954 65.980 17.051 15.723 27.308 37.497 75.843 223.227 23.559 6.426 25.750 9.066 49.011 267.957 13.057 154.418 11.701 878.300 6.613 321.514 139.695 436.681 1.227 21.649 502.575 19.448 43.000 3.184 3.000 3237 3399 45.577 17.925 92.213 1.200 38.736 67.539 3995447 18.000 3747 45.568 80.782 45. 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 15.074 4.774.000 5.321 224.887 33000 2131 36.180 47.510 168.720 116.000 4.247 3.000 2388 39.000 45.462 31.000 2.738 44.497 59.392 9.955 15.548 129.056 1.344 929.088 763.747 204.329.654 30000 1.554 9.448 110.655 287.080 34.846 3.832 2.436 554.000 1.940 78.048 84.647 30.861 185.968 398.411 24.868 139.115.616 3.479 15.920 13.338 45.781 5.518 43.687 82.325 26.930 10.686 89.000 3934 4131 45.256 1.458 9.147 329.451 115.564 37.790 35.317 104.256 122.067 1.165 437981 15% 450 968 1.397 74.849 115.972 71.000 2940 45.320 2.104 19.322 86.150 6.334 126.644 100.426 105.221 51.062 361.272 45.623 28.197 39816 3.363 462.221 24.
e. even putting aside $3. Especially since inflation will have watered even that $30.after 10 years you are almost 2.000+) after 18 years. In fact. profit is the profit earned that year. but if all these retirees are taking money out of the investment markets in order to live. a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years.but better to face it now. at 5% return. Notice three things: 1) The dramatic effect of a higher interest . it would take you 50 years to build up to a yearly profit of over $30. live of your passive earnings of $30. at under 15% interest you will never be able to retire. Now before you say. especially at low interest rates. I am sorry .6m v. and they are living ever longer.000. health care).000 a year for 30 years. And if that has almost caused you a heart attack. The problem is that there are ever more elderly people. i.take a look at your financial situation (from Step 3). "that's okay.they will -50- . what do you think will happen to the invesment markets? Yes . than when you have run out of both money and time at 70. In other words.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. the Stock Market). At the same time the younger generation will still be putting money into those things.000 down considerably. So how does that work? Not only that. 2) The effect of time . and out of the government (state pensions. consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. my pension or the government will look after me". 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). there are fewer and fewer young folk having to pay to support more and more of the old folk. As a result. out of savings (probably also the Stock Market. So . instead of putting money into savings and into taxes. they are going to start to take money out out of their pensions (i. $110.000). yet a whopping 14.4 times better off if you are earning 20% compared to 5%.5-fold increase over 25 years ($1.e.it takes a long time for the profits to build up. But don't forget safety as well.000 a year for the first 15 years). Moral: you must go for the very highest rate you can get.e. or property). 3) At 15% you can retire (i. and you can see what your position is going to be when you are too old to work. At that point. we are putting in $3. as every percentage point makes a huge difference over time. with the bulk of them retiring between 2015 and 2020. map onto that your current age.
given all this. However. we have put in a total contribution of $45. the best bet is still the Stock Market. but simply by the weight of demographics . But if the wind and the storms come (as they might). plus that fact that the elderly consume the most medical care. leads to less taxes actually paid. and those that run businesses. Confidence is knowing what you will do if it doesn’t". At year 20. Who will pay for this? To meet all these expenses. Your Plan for Comfort (this week) is the foundation you build on that rock. Net effect: Stock market crash. And we need to start it now. on top of all this is the rising cost of medical care. what will they do? You got it . will leave to go to countries with lower taxes. And when the young folk see the market going down rather than up. 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. even if all else fails. Then. The Plan for Comfort is supposed to be a conservative. For example. So. You could get the same result by starting with a lump sum of just $23. Steps 5 and 6 are about building confidence.they will take their money out for safety.000. The other main option is to invest in residential property (e. Why? Because time is working for you. To work it needs the maximum amount of time. in the above chart. It is supposed to enable us to survive. at 15% interest. houses to let). Despite the bear market we have had over the past 2 years. And it also needs as much pump-priming money as you can put into it. you would have $330. 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. The result is a business depression which. Someone once told me that "Optimism is believing the best will happen. nor am I. the government will have to put taxes up. low risk strategy.g. and your house comes tumbling down . That is why we all need a Plan for Comfort.7 Steps to Freedom by Noel Swanson Step 6 go down in value. less children to support them. But rising taxes means that those with wealth. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. and are thus the most expensive to look after. what do you think will happen to your pension???? Are you happy to rely on it? No. Caused not by fear or panic (although both will be there in abundance). I -51- .000 and no further contributions.more old people. in turn.your secure foundation will ensure that you don't get washed away with it.000 spaced out over 15 years.
or speculate on gold or currencies. Some years are way better. Until we hit the next depression. All I have to do is to follow the rules and do what it says. you can develop a system that could pay you. the effect is the same. There is no excitement in paying the insurance companies their monthly dues. become very wealthy by investing in them. our regular savings into the "system" . Hungary and Czech Republic) are prime examples. Or look to new. of course. But if property prices should go down (as they did by 80% in Japan during the 90's). Maybe more. you need to develop your plan. saying "I will start next year when I have a bit more money".the "bottomless pit" my mother calls it. You could stop smoking for example (I told you I would keep nagging you!) You will -52- . the system says buy these. Wait until the crash and then buy as many houses as you can. every month. And there is no great excitement in putting aside. Houses have gone up in value (like shares) for the past 40 years. on average. The trouble is. But. I promise. using a mortgage to multiply your investment. the plans for security and comfort are boring. that is so hard!!!! I want to do it my way. So take care. gosh. sit on them. or buy options on oil. like glue. No. sit on them. the reason you make so much money is because of leverage i.e. sit on them. as whatever goes in there never comes out again. But no. and your profits. If they continue to go up you can. property markets to find some real bargains. at least you have a back up plan. The new entrants to the European Union (e. Start today. anything with a bit of spice (and risk) to it... you will be another year older before you get to enjoy the profits.g.. 10-20% interest year after year. TODAY. How will you manage without the money? You will. I want to chase the latest "Hot Stock" that is all set to double over the next six months. I mean. sit on them. fine! But if not. BUT. others rather flat. or. No matter how boring a 10-20% return seems. if your business takes off and you make your millions quicker than this. But. And sit on them. you will find yourself very rapidly bankrupt. Whichever you choose. Set up a standing order so it happens automatically. and STICK TO IT. and stick to it. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now. indeed. Do NOT put it off.. You will find a way. what do we learn from this? 1) Get your comfortable plan in place. You see. Sure. a system. just keep plodding away. So. now sell them and buy these. over the long haul. If you set it up right. Put that regular amount of savings away month after month after month.. If you put it off another year. emerging. in real life it is never are smooth and regular as that. the system is just that.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one.
but start the habit and it soon will be. if you were still living on $30. But if adversity comes you way . 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. over time. It really is like a hole in your -53- . 4) Keep your eye on the (financial) weather. Keep your eyes open. That is optimism speaking. That is why it was called the Bottomless Pit. The more you develop your financial intelligence. How to earn up to 20% on your investments Want to know how to do it? Okay. 2) Do not. however. regular. Now read it again. Once again.at least until your yearly profits are double what you want to comfortably live on. That is the only way the compounding can work. not confidence. 3) Teach your kids. Then have a look here to see how close (or not) your guess was.7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact. Read that last paragraph again. see if you can guess how much a packet a day is worth over 10 years. Won’t be much at first. Keep reading. take anything out of your comfortable plan . Do not put it off any longer.unless. you will be very glad that you took my advice! Tax . your Plan for Prosperity gets you there quicker. of course. Using the table above. stays in. monthly savings that will.and it can come from all sorts of unexpected directions. build up to your retirement fund . lets go. When you see the storm clouds gathering. The goal this week is to put together the nuts and bolts of your plan for comfort namely. Are you getting it yet? Put the money in. and you could get an average 15% return. under any circumstances whatever. I must emphasise that you must do this. If your plan for prosperity does work. 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.the hole in your bucket The biggest hindrance to growing your wealth is tax. Keep learning. the lower the risk of being destitute when you are old. your boring.000 a year. Whatever goes in. it will work even if you are doing the boring plan for comfort. Imagine if you HAD started when you were 15? Just 10% of your income. and I hope it does. run for cover before the heavens open and it all comes crashing down. and don't take it out.
before-tax savings: You put your normal after-tax money into the scheme. One of the most risky situations to be in is to have no control over what you can do. Of course. so if you have any doubts about what you are doing. 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. you could inform me? Both types will have rules about how much money you can put in each year. and a major stock market crash looks imminent. Most countries have them and they are normally of two types: Type 1 . have many more tax advantages they can use. but remember. The savings can then grow tax free. I am not an accountant or tax advisor . Furthermore. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). So be careful. so we use what we can at this level. consult a suitably qualified professional. .do not rely on my suggestions. You earn $100.after-tax savings: You put your normal.7 Steps to Freedom by Noel Swanson Step 6 bucket . at this time I do not know which system other countries use. indeed. But suppose the storm clouds gather. Once in. the drawback is that when you come to take your money out. Suppose the tax rate is 30%. check out whatever government supported tax-efficient savings schemes there are. They are suggestions only. anything you do is at your own risk. Do your -54- . it just keeps leaking away. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in. and the rich. So your $70 of savings has cost you only $40 out of your pocket.no matter how are you work at filling up the bucket. This is the system used in Britain (ISA's) and the USA (Roth IRA). these suggestions apply to middle class people who are either employed or self-employed. Type 2 . But. so you pay $30 tax. leaving you with $70 in your hand. People who run or control large businesses. Then you reclaim the tax that you had paid on that money. Tax-efficient saving schemes First. You put that $70 into the scheme and claim back the $30. This means that you can put more into your savings. if you have decided to retire to a sunny Caribbean tax haven. But right now we are developing your safety net. If you took all the money out at that time (if. you then have to pay tax on it at the prevailing income tax rates. So you have to be smart and tax efficient in how you set up your savings plan. I am going to give you some suggestions to think about. and can be withdrawn tax-free without penalty. after-tax money into the scheme. you would likely be hit with a tax bill at the highest rate of tax. you are allowed to). I am sorry. the money can grow tax free.perhaps.
over all. it is safe.you need to get started NOW. But this is what the rich do . is to get you money into a place where it can grow tax free. If the savings are still owned by the same company as your business. Roth Ira. or are resident in more than one country. Using Corporations If you are self-employed. But get professional advice. If you do have a company. The way around this is to have a holding company that in turn owns. The whole point of a plan for comfort is. know their limitations and. the holding company should still remain afloat.7 Steps to Freedom by Noel Swanson Step 6 research. if appropriate. RRSP. and from personal bankruptcy and disaster by using carefully constructed Trusts. For the average person. you may find that you can protect your assets from the tax man. I will tell you in a minute what you are looking for from them. or running a business. as a subsidiary. they are at risk should your business go under. these schemes are a must . it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. and forget about it (see below). That is to be avoided at all costs.sign up for one. and be safe from any personal disasters you might face. and under your control. from inheritance tax. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. set up your monthly standing order and standing instructions. so make sure that wherever you put your money. This is your security blanket. from vindictive ex-spouses.so it obviously works. use them to their maximum. This is very specialised so you must get advice. Then pass the profits up to the holding company for safe keeping. and then seek professional advice. But be careful. Using Trusts If you have a lot of money. Read Robert Kiyosaki's books for more information about how this can benefit you. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. If the business goes down. the company that runs your business. so make it safe! Having said that . after all. 401(k) etc) 2) Then think about the other ideas. you may find that it is better to leave your savings in the company than to withdraw them. Your goal. that it is a lifeboat in case everything else goes wrong. -55- .
monthly sum by standing order. or bonds (gilts in UK). It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA. You will still get excellent returns over the long haul. T-bills. to invest in individual stocks or shares. So. the next question is how much do you have to invest right now? There are three bands to think about: 0 .000 . will almost certainly give you a better return than fixed interest savings like bank accounts. Instead. you will invest in an Investment Trust or Mutual Fund. over time.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . and if they do poorly. which.000 You do not have enough. TSE 100.7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally.current investment of less than $20. RRSP.000 $20. How much do you have? Step 6 Okay. this is not bad. and then let you participate in what they have done. The bad news is that most. national savings certificate. so will you. These are companies that buy stocks and shares in huge quantities. etc. you may have some phenomenal years. no. You set -56- . Yes. which is very convenient. yet. These are the indices that you hear quoted on the news. consistent results.$20. The good news is that this allows you to participate in the stock market. Until the crash. Many of then will run their own scheme. Dow Jones. here are the steps to take: 1) Find a good fund in which to invest.000 $50. but on average you will do averagely .$50. that is. That means that if they do well. Allow you to automatically invest a regular. so will you.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). You will not get spectacular. all fund managers have a follow-the-herd mentality. certificates of deposit. the S&P 500. 401(k)). Don't worry.
you probably have too much to put straight into a tax-efficient scheme. Above all. 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. Actually. Commissions or other front or rear-end charges ("load") must be minimal.000 At this level you have a bit more flexibility .however little you are earning. Then investigate the alternatives .$50. still put 10% aside. completely stop the monthly savings . and make sure that they are either nil . 5. Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. never. Management charges should be low (less than 1%). Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income.and some more challenges. The company should have a proven. 6) Keep going until the total amount invested is worth over $20. A real pain. and they automatically invest it into the scheme. there is a lot of sense in thinking about this: Many of them are not only tax -57- . but the only alternative is to move to a lower tax country.current investment of $20. 5) Readjust your expenses so that you can live within your means. When that happens. 3) Invest your initial lump sum in the scheme. look for which company has been consistently at the top of the pile over 3. never. Instead. track record. move onto Plan B Plan B . not hot-shot flash in the pan. above average. Don't look for last year's stars . never. and 10 years. try to resist the temptation to lower the amount.7 Steps to Freedom by Noel Swanson Step 6 up the order.or that the charges go down to nil if you leave the money in for a few years. you will just have to put it into an ordinary investment account and pay up the taxes when they are due. First of all.000.using a company or trust. 2) Do the same for your partner. You want solid consistency. RRSP. So maximise the use of the ISA. This is how much the company charges you each year for running and administering your account for you.000 .they rarely perform well this year. Don't forget to see if you can use your children's allowances too. If all else fails. buying the shares or units at the prevailing price at the time. 401(k) etc.
it is very little work. when you could move to one of these places and live like one right now? Anyway. So. looking for minimal set up and maintenance charges. Why struggle to become a millionaire. but also they have lovely climates. Just follow the instructions. many. In fact. but it still -58- . 2) Invest the maximum amount you can into the scheme.but you don't want that anyway. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow". Normally you can do this by phone. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). I know its boring. All they will do is take your instructions and act on them. or online. You are. Take a look at the British Virgin Islands. There are now many. These are known as discount brokers.com for information on various expatriate havens around the world. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. Isle of Man. this is what you do: 1) Find a tax-efficient scheme that allows you to make your own choice about what shares to invest in. At this level you move on from investing in Unit Trusts. Note: these strategies will work equally well on your own country's stock exchange.uk run a self-directed Maxi ISA.. You will earn a higher return than Plan A. Vanuatu. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8).escapeartist. Yes. Don't try to second-guess the market. fax. In England. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. and spread it evenly across the 10 shares that qualify. Just do it. www. Philippines. Divide up the total amount that you have to invest.. Mutual Funds and Investment Trusts. Follow 0'Shaughnessy's instructions exactly . Belize. They will not give you any advice about what to buy or sell ..sharepeople. If you can't .7 Steps to Freedom by Noel Swanson Step 6 free. trust. which is just what you want. and so on. You are also looking for low trading costs (commission on buying and selling shares). You now have enough to begin investing in individual shares. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company.. E*Trade.then just invest in US shares (provided your scheme's rules allow it.. or whatever if you can). and a very low cost of living. back to the plot. TD are examples. Charles Schwab. Read it. The only thing that stops you is your fear. So for not a lot of money you can live like kings. again. In Canada this is called a self-directed RRSP. 4) Set up your monthly standing order to go into the second account for the rest of this financial year. Goa (India). have a look at www. provided you can find the information you need.co. Scottrade.
soon (i. if I knew for sure the market would crash next year. and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . On the other hand. long-term plan.000 Now you are really rocking. and then invest after the crash (always the best time). Plan C . however. Preferably 15 or 20. read Financial Reckoning Day and Conquer the Crash). Then move on to Plan C. But for your boring. probably the safest bet would be gold (if you want to read more about the likelihood of a depression. At this stage you can go for a full-blown diversified portfolio of 25 different shares. But you must view this as a long term strategy of at least 10 years. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways.e. So. it may well be a rocky ride for the next few years.current investment of more than $50. Maybe you will over the short term. perhaps in 2004 or 2005). Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very. you should make 18-19% return. I don't have a crystal ball . and you may start panicking that you are losing instead of making money. I would tell you to keep your money in cash until then. We are probably even going to go into a depression as serious as the 1930's.they don't! Second. In fact probably quite the opposite. Leaders with Lustre. however. sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares.but do you have a better plan? So how come your not already rich and free? -59- . passive.4 of Plan B. But that would mean you have to get into the game of trying to predict the market. Hmm. mechanical plan for comfort. very. In fact. I. And even cash might not be safe. which defeats the object of having a mechanical plan. Follow steps 1 . and then tell you the market will crash? Tricky. Any less and you could be in for a nasty shock if luck is against you. But be warned. that Reasonable Runaways has significant volatility.000. But this is supposed to be a mechanical. just follow the rules. or the combination of the two).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. no-brain. put the money away each month and forget about it.and don't let any fancy market analyst tell you that they have . That means that some years you may make a loss! Overall. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). Please note. the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy. just because the market has gone up for 40 years doesn't mean it will go up forever.e. First.
It won't make you rich. this is all about getting your head straight. You are on your own and you have to figure it out yourself. by the time the crash comes. But none of this is applicable to your plan for comfort at this stage. so stop worrying about it and go and get a life! All three of these plans require minimal work. namely following the market each week according to some pre-defined rules. So play for the long term.Your Plan for Prosperity! STOP! Before you go. you will have learnt enough to be able to protect yourself from it. You can literally forget about them from year to year.thinking about it will only make you stressed. That is the goal. Then. This is your Plan for Comfort. That might cost you big-time if. once the plan is up and running on autopilot. There are NO guarantees in life. The will work excellently up until we have a major stock market crash. before too long will probably start to take a more active interest in your plan. let me ask you one thing: Are you actually going to do it? Set -60- . In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. but it will require more work. That is what this is all about. So. See you next week for Step 7 . if you do devote yourself to developing your financial IQ. In fact. this is my suggestion (and it is a suggestion only. That is not the goal.you have to start pedalling the bicycle before you can start to steer it. Especially forget about it during the rest of the year . The advantage of these systems is that they are completely mechanical and require no thought.7 Steps to Freedom by Noel Swanson Step 6 As you can see. as a result. Follow the instructions religiously. and then you just forget about them from one year to the next. and have a backup plan. Okay there it is: now you need to go out and make it happen. get to work developing your financial intelligence. I am not your financial advisor. Follow O'Shaughnessy's instructions exactly. you are asleep and oblivious when the crash comes. You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility. Hopefully. Hopefully it will prevent you from being poor. Don't wait to know more before you start . so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. Remember this is your long term back-up plan. You can even learn to make money when the market is going down. You can literally forget about them from year to year. The disadvantage is that they are completely mechanical and require no thought. They will take a few days to set up. After the crash they will work again.
In fact. Want to read more about this principle? Get hold of The Wealthy Barber. Essential Stock Market Books The plans described above are completely mechanical. since you are then less likely to fiddle with them!. you must first read Trading for a Living and Come Into My Trading Room.there always seem to be much better/easier ways of making money than putting 10% into savings each month. both by Dr. In fact. Beside you "can’t" spare the money right now. Alexander Elder (another psychiatrist. They are absolutely essential reading.. These are the best books I have ever read on how to invest (and I have read plenty). I bet you don’t. Who wants to wait that long to make some decent money? But you know what? 10. 20 years. or The Richest Man in Babylon.10. Two excellent books that have been widely read .. I mean. -61- . do it now. by the way!).7 Steps to Freedom by Noel Swanson up your comfortable plan. You need know nothing about the stock market to operate them successfully. it is probably better if you don't. 15 and 20 years will pass. Step 6 Do you know why I say that? Because it is so boring . And it takes so long. And when then do. 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. 15.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. 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.
Remember we talked about Optimism v. There are. you would probably just sit down beside the road and hope that someone comes to rescue you. But note again. won’t get you there. A bicycle will get you to the nearest convenience store. -62- . If the bus you are on breaks down. However. some of which are a lot easier than others. remember?). Confidence? Your plans for Security and Comfort are about confidence. But Dreams and Goals. and then work downwards. in themselves. By now you will have (I hope) some clear dreams and goals. If you do that. You need a vehicle. at least. of course. This week we start to plan for the best. but hopefully they will. Perhaps none of these will suit you. here it is: your Plan for Prosperity. I will start with what I believe to be the very easiest ways to make money.Step 7 . the vehicle you choose depends a lot on the destination you have in mind. or find another means of transport. 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. 2) They keep you motivated. they do fall into a number of categories. and stops you getting side-tracked. Over the last few weeks we have been planning for the worst. you won’t get on the bus that goes somewhere else. Without the passion inspired by the dream. But you need a jet or a ship to take you to a different continent. act as a spur to find your own vehicle for success. Your Plan for Prosperity is about Optimism.Your Plan for Prosperity A t last we are getting the meat of it! This is what you signed up for in the beginning wasn't it? I hope you realised now how important it was to cover all the other stuff first? So. you will do what it takes to either find a different bus. and on your mission in life (Step 4. Which will suit you will depend on your dreams. If you know where you want to go. This week we are going to look at some different vehicles that you can use to get to your goal. as many ways to reach your goals as there are people. If you don’t then living your life is rather like getting on a bus without first checking on where it is going.
Or they might buy their position through Google Ad-words. 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. they might employ various search engine optimisation strategies. in turn. Almost always their goal is to attract people to visit their website where they will. here are my suggestions. 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. 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 . Both of these make it ideal for the keen and determined newbie. in order to make money. you are going to have to run a business of some sort. Except in very rare situations. and the greater the number of people. To do this they need to advertise. It is just another medium. however. the reality is that it is like anything else . and so quick to produce results. The beauty about it. But what is the truth? Well. and persevere. But if you get it right. if you are to be the one that makes the money from the service you provide. the more money you will make. To do this. The greater the value of that service. is that it is so cheap to get started. you can become very wealthy indeed. be induced to buy.7 Steps to Freedom by Noel Swanson Step 7 Ultimately.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. you will have to provide a service to people. or Overture. work hard. through which business can be conducted.the majority of websites make no money. But there are many ways of doing the above. In the end there is nothing special about the internet. in order of preference: 1) The internet.com -63- . They can only get customers by getting the word out and telling them about their products.and then find a way to be at the top of the list. People who are selling products or services need customers. direct mail. You don’t get rich working for other people . like newspapers.
You can get started with absolutely no capital. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. They will normally do this by repeated e-mailings to their client base. and then pay them a commission for each sale. Better still. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. or as someone who provides services or products to assist in the above process. for example. way to start making money on the web. if the web pages get a lot of traffic themselves. service. 5) Recruit other people to sell on their behalf. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. free ebooks and other tips and tools to get you up and earning money as quickly as possible. you would be wise to invest some money on further training and education. once they have successfully sold to a customer. 3) Send out regular email newsletters to people who have expressed an interest in their product. they will want to sell to that same customer again and again. 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. you will earn a 40%. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. -64- . if you want to make money from the web.either as a seller of a product yourself. Joining an affiliate program is probably the easiest.50% commission. there is a host of ways in which you can get involved in the above list . most will provide regular emails. But again. But that is only worth doing. 7) Sell the product by auction using Ebay or similar.such as my own (click here for more details about my own. if you don't want to waste a lot of time and really want to make the big time. These sales people are called affiliates or associates. every time someone buys something as a result. Here are some ideas to get you started: 1) Join an affiliate program . Now. and some other excellent affiliate programs). Then. Like mine. or company. if they then become affiliates themselves. and certainly the cheapest.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages. With my program.
full of content. when you work out the cost of all the services they provide. This is the method used by Goodgle Ad-sense. knitting. games. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail. At first sight this appears expensive. 2) Develop your own mailing list of opt-in subscribers. it was these tapes that got me started on my journey to internet profits . And you can get everything in-between . it is money well spent. movies. One with a lot more content is. if you are going to make some money . Commission: You get paid for each sale. But the more visitors you can get.com for an example of a very simple site that attracts people for the free service.this could be the number of visitors to your site.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. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. All of these work. or suggest products from which you will earn a commission as an affiliate. but clearly have pros and cons. etc. they will start to listen to. by providing some kind of free service. Take a look at anonemailer. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. In fact. and trust. your advice and recommendations.so I can highly recommend them from personal experience! Click here for more info. At this point you can then sell advertising space in your newsletter. Yahoo. PPC: Pay per Click .on football.for example.so make your site interesting . 3) Develop your own website. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. However. It can be about anything in the world.you get paid for everytime someone clicks through on the ad. that attracts many visitors. The great thing about Google's ad sense is that the adverts automatically customise -65- . or the number of people in a mailing list. ice skating. This is the affiliate model. plus the fact that they walk you through every step of building a successful content-rich site. or better still. not a mini-site (more on those later). Again. pets. You get paid for the number of times the ad is shown . skiing. the more money you can make by selling advertising on your website. How do you build a content-rich site? My recommendation is to go to Site Build It. Note. and how to avoid the common mistakes people make. of course. this is for building a contentrich site. etc. But the bottom line is that you need lots of people to show these ads to.
skips. Have a read of this free ebook for more information about how to find and use niche markets.Business to Customer . a newsletter. whatever.you sell a retail product or service that the ordinary man in the street wants for personal reasons . hairspray. to find a niche that has a desperate need that is currently poorly met. Essentially this falls into two types: B2C . There are two other businesses that earn people huge amounts of money. you need some tools.g.7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site.$10 a day. if your morals and ethics permit you.you sell component parts. Each site might earn only $5 . 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 . autoresponders.lest any of the internet gurus start accusing me of libel!). you would be far better off looking for small niche markets like teaching your parrot to sing. The good news (of course!) is that I have put just such a bundle together for you. they might be worth your consideration. Obviously Money. -66- . graphic design. and Health are major needs that everyone has. a car. a boat. I am quoting silly examples. What are they? Well. B2B . Sex. e. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well. each focussed on one niche product. Even better. as a newbie. But if you had a hundred. I know.Business to Business . yet are rarely talked about in internet marketing circles. One way of using this strategy is to put up hundreds of different mini-sites. 5) Not for the faint hearted. however. Be aware. But the point is that there are countless tiny markets waiting to be filled. Examples include: accounting services. tools. so cannot point you very far in the right direction. pneumatic drills. etc. and online gambling is a close second.it might be a novel. or how to be a better transvestite. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service. But. and so there are huge industries trying to exploit these "niches". services or information to other businesses to help them to succeed. search engine optimisation. tools that help automation. pornography is the biggest. But. 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. or how to collect bird feathers. how much would that earn you? To do this quickly. I will be quick to point out that I have no personal experience of either of these. The key to both of these is to find a niche.
If you are really serious. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. So be very careful about what you go for. okay then. probably most importantly. then you are probably well advised to buy a full package of advice and tools. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook. but either it will be of poor quality. There is loads and loads and loads and loads and loads and loads of information on the web about how to start and run an internet business. or sets you off in the wrong direction. very. So. do your homework before you dive in. especially on the web: Information can be: Free Quick Good but rarely all three. you can fit it around your normal daily schedule. of course!): If it is bad advice. I do have something that could get you started. once again. than to try to do it on the cheap by -67- . There is a very true maxim about information. And do stay on the right side of the law. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. If you want good quality information then you will either have to pay for it.$3000. In other words. your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. different from mainstream marketing. so it is ideal for starting alongside your regular day job.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. or you will have to pay for it. How long it takes you depends on your determination. Click here for information on starting an online casino. Oh. persistence and. time is money). That in itself is a problem as you just don’t know where to start. you can quickly find a lot of information. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. or you will have to spend long hours hunting for it (and remember. which might cost you $100 .
If it pays less than this. So check things out. Also go and visit Frank Garon and Lee Benson. (Actually. Auctions are a good place to look. So if you get it wrong it can be a slow and very painful death. Ideally you want to find properties that are being sold in distress . so don’t be afraid to buy their expertise. if you make any money. where do you start? My recommendation is to go to someone who knows what he is talking about. you are going to be involved in real estate deals. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium. The resources I have recommended above are invaluable.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. then you might have to pay out money if you want to sell it. McDonald’s. These guys are the very best. that are in an area that is clearly on the way up. for example. the same applies for every other business . location. So. repossessions. for example. done it. again. is not a hamburger business. But be careful.e. -68- . and is able and willing to share it. It is not difficult to buy properties for no money down. If you rent out. Obviously this eliminates most of the risk. At an auction you can easily end up paying MORE than the property is worth. Check the location. Get them.99 or whatever. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages.the Golden Mailbox. 2) Investing in real estate. 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). then you would be better off just investing the money in the bank.g. how do you get it right in real estate? Do the sums. has been there. This means you can buy them below market value. or else rent out. but once you have it. location. you don’t need anything else to get going and to become successful) So. Sooner or later. will cost you some pennies. Carry out your due diligence. It is a real estate business that uses hamburgers as its tool. That means that any rise in its value is money that you are making out of thin air! It also means that if the property goes down in value. Then you need to either renovate and sell at a profit.
you have to do it accurately. one absolutely essential tool that you need for this is a Real Estate Profit Calculator. That will be the time to buy.you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers.e. You should do these calculations with your -69- . In Japan property prices have gone down by 80%.providing you with a very comfortable passive income. Don’t be just optimistic. Don’t be reckless. broker's commission. This one has been going on for 10 years or more.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process. not now. What is more. you have a plan for if it all goes wrong). therefore. But it is not enough if you are about to invest thousands of hard earned dollars. renovations. You have to do your research.. So do your research and studying now so that you are ready to go when the opportunities strike. you are probably going to want to have a portfolio of income producing properties.the buying costs. taxes. First do the preparation. A good one will prompt you for all the important figures. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . etc. That means two things . perhaps a major one. Remember luck = opportunity + preparation. legal fees. So. taxation. and even the selling costs. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . That is not true. At some point there will be a correction. landlord-tenant laws. to retire. how to survey a property for yourself. And then they wonder why their "perfect investment" is eating them alive! Clearly. However. local planning permission rules. not just how to sell to other people!). Learn about financing deals. Stay out of a deal until you are confident (i. People say that property will always go up. You also need to supplement that with learning about how to invest for yourself (i. Ultimately. this in itself will not be enough. here are my recommendations: Take the time to learn the business. At the moment (2004) we are in a property boom. Just one point of warning. if this takes your fancy. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. Start with Robert Allen's book.e.. Do not try to jump into this as an amateur.it is a great time to be an agent. A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. and then calculate your projected profits or losses. as more sales means more commission. Also look here for ideas on how to buy with no-moneydown. allowance for vacancy rates. The best way of all would be to get a job as a real estate agent. The average length of a property bull market is 7 years. Look at lots of properties before committing to buy . Also is is probably not a good time to get on board as an investor.
can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile.g. Now. if you can become an expert on marketing. Clearly you will have to do some studying first. for example. and you would have to protect your interests in setting it up. realistically you are going to need a bit of capital to get started in this. You will have to be confident of what you know. most ordinary companies are absolutely dreadful at marketing. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). and only earn later. making this kind of money should be easy. if you take your lady to a restaurant for a special occasion. Don't try to do real estate investing without it. (But then that is true of every business. Similarly.) Apart from your initial learning costs. All I ask is that if I earn for you a $1 that you would not otherwise have earned. one-off fee. And you also know of an excellent flower shop. Only when you have done all of that. However.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose. As you can see. but it demonstrates the principle. your capital requirement for this is very low. that you will give back to me just 25c.yet offers to you enormous leverage if you can get it right. Far better than just charging an upfront. I will even design specific campaigns. so once you know your stuff. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen. You can get your profit calculator from here. depending on the size of deals you area wanting to start off with. this proposition carries no risk to the company . You will need to be an analytical and creative thinker. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. And you will have to be prepared to work first. and confident at approaching people and selling your proposal to them. 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 .7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. Obviously this is a very small example. -70- . Then you might have to do some jobs completely free of charge. I will do all of this entirely at my own expense at no upfront cost. you know of an excellent restaurant.and you would receive this percentage year after year. Although you can do no-money down deals.
Click here for more details. and has low risk. naturally. until it provides enough for you to retire. allows you to multiply your efforts for maximum profits. and do. 4) Direct Mail and Mail Order My next recommendation is a home based business. alongside your day job. Or you can buy them wholesale. 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. if you follow them then you can achieve your dreams. and I will point you in the right direction. you are pretty much on your own with this one . more distant market. it can very effectively enhance both of these . It is a very easy business to run. Indeed. you need not have any contact with anyone if you so choose. The principles are very easily learnt and. again.you can get started for under $1000 and build it up from there.bringing your online business to the huge offline market. then you can grow it much faster (which is true for pretty well any business).7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. It is very time efficient and. but if you can put more money into it. You can create these: ink and paper. so there is a huge market offline for the same information that is selling online. -71- . this one can work for pretty well anyone. exactly how you are going to run it. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . Remember that most people are NOT on the internet. That means you can run it in your spare time. However. unlike the first business. often in a very short time. In fact. Both have made millions from the business so can.by that I mean you have to work out for yourself. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. Who does it suit? Once again. as it is all done from a distance. The principles and techniques of direct mail are also invaluable for both a conventional offline business. It is not a people business. and requires no technical ability. and bringing your offline local business to a much wider. It can be started on a shoestring. has been used by countless people to haul them out of servitude and into the ranks of the wealthy.e. i. It does also require you to come up with some products to sell. (But then that applies to just about every other business I can think of!) Risk is low .but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. information are ideal. again. and for an internet business. tell you exactly what to do and how to do it.
provided you can build a large team. of course. Done. MLM) has come a long way over the past 30 years. but well established type of home based business Network Marketing. And you can grow your team much faster than every before. Now. The business model is very sound. right. The internet has. In pre-internet days.and further on. is that the majority of people who get into it never make a dime. except that it goes several layers deep instead of just two. the reality. or a consumable that is used daily . and good at motivating people. 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. You -72- . and your team.they just pay on results. goes not just on selling products. but also on recruiting more people to sell products as part of your team. or selling by direct mail. and done diligently. MLM can bring you a very substantial passive income. like a subscription. In case you are not familiar with it. they decide to use sales people who are paid strictly on commission. This is identical to an affiliate program. think again! Network marketing (also known as muli-level marketing. Now your prospects. On the other hand. changed all of that. this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. Rather than opening up an expensive store. There is no question that done right.like soap or vitamins) that it wants to sell. may live in any country around the globe. to be honest. And then they reward you for the sales made by the people you recruit . But they also give these sales people the authority to recruit more sales people. therefore. down through many levels (hence MLM).7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. But still you need to be good at communicating. The emphasis. as with everything else. and you can have hundreds of people out there selling stuff . Works great for the sales agents (that's you) also .and you get a small commission on every item they sell! Works great for the company .and the people they recruit .
When you embark on them. Different things suit different people. Next week we will look at some other ways to make money. nor do any of them guarantee success (which is why you are still working on your plan for comfort. Or. Others sprang up last month. are the easiest and most reliable for the ordinary person to get into. In the meantime.7 Steps to Freedom by Noel Swanson will still need to use the phone. Either way. And you will have to love talking to people. Click here for more info. you will experience times of excitement and exhilaration as you see your dreams getting closer. determination and perseverance. do not waste time and money fumbling around trying to find a decent program. -73- . you will have saved yourself a lot of time. perhaps most importantly. makes half his income from his MLM team. You don’t have to be a genius. I believe. You just have to want your dreams badly enough. Make sure they have a strong and reliable history. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. a lot of money. after listening. a great product (that you would use yourself) and. None of them are a free ticket on the gravy train. personally. check these five out carefully. For all of them you will need commitment. Then all you need to add is your own enthusiasm and determination. My guess is that one or other of these is just what you need. and a lot of grief. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. when you wonder if it is ever going to work. that they provide a lot of training and support to help you become successful. Want to know how to get started? Whatever you do. frustration and disappointment. Be wise and get the knowledge first. Be very careful which programs you join. But these five. Quitters never win and winners never quit. This will absolutely get you off to the very best start. Hang in there and just keep working the system. so you should know about them and consider them. Some have been around for decades. You will also have times of deep despair. you may decide that MLM is not for you. Are there other ways of making big money? Of course there are. right?).
nor luck . But still. nor their better intelligence. These are either much harder and more risky than my top five.it is the way they think. personally. Why does all that happen? He makes his first fortune because he is able to see the opportunities. if they suit you better. or senior manager. and all your friends to become fabulously wealthy. no matter how much you charge. and only 25% in the vehicle or tool you use to achieve it. the goal is to leverage your time and expertise so that they work for you. Are you an expert at what you do? Have you been working at a high level in a traditional big business . or else they require much higher levels of start-up capital or specialist expertise. After that he then starts a completely different business and becomes a multi-millionaire. The business then fails and he goes bankrupt. This week we examine some more ways of making money. once you stop working. But the key to making big money in this is in the way that you do it. Mistakes are not bad. provided you are willing to learn from them. then go for them! 1). The only thing that stops you is your fears and your ignorance . Now. . Consulting. If you do that.and both can be cured! Keep reading. otherwise they would not think of hiring you. Here is a common scenario: A young entrepreneur develops a new business and becomes a millionaire. you are still limited by the amount of work you. The more you develop as a person. the more opportunities you will see. you may have thought of this before. He learns from his mistakes. and the more you raise your financial IQ. Once again.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. Also. your income also stops.Step 7 cont.perhaps as a senior technical advisor. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. or marketing director. The difference between the rich and the rest is not their special skills. Instead.? If so. etc. me. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. He loses the fortune because he lacks the financial intelligence to safely manage his success. So that value -74- . then you might be able to branch out as a freelance consultant. 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. Success is 75% in the brain. can fit into a week.
To be consistently profitable. Either way. You will also find invaluable help from the tapes by Nightingale-Conant. Whatever you do. 2) Investing.if your consulting brings them no benefit. Over the past 3 years the stock market has been going up and down like a jack-in-the-box. the key to building wealth is first to not lose it! As Robert Kiyosaki says. That is so important. don’t listen to your stock broker . that is fine . and in negotiating. he lost money too! Ultimately.then you receive a percentage . Return of investment comes before return on investment! As I have said before. that ordinary people can use. as you become wealthy. To do this you will need some training in marketing yourself. But unless you are very clever. it is unlikely to be the means by which you achieve rapid wealth. 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. or of the amount your expertise is saving them. or else decreased expenses for them.7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. as you develop your wealth through other means.each month. But if you can improve their bollom line . or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. it can certainly be the means to maintain and even multiply your wealth. Now. I consider the number 1 most essential books to be those by Dr. Start to develop your investing knowledge. In other words you work just like the lawyers do with their contingency fees . So how do you make money on it? Two things: knowledge. Then start trading with a "virtual portfolio" before you put any real money into it.as long as you also continue the boring Plan for Comfort. However. we have already talked about using the Stock Market for your Plan for Comfort. or sideways. and a system. you will be developing an investment portfolio. down. The average man in the street . But the sophisticated investor is making money. year. Whatever you do. But you have to stick to them over the long term. It is very easy to get burnt.remember. Remember. don't stop doing that! If you choose to take up investing as your Plan for Prosperity. risk has to do with ignorance. Once again. How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham. -75- . then they pay nothing. There are systems that work. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. It is expensive. you need to have a very disciplined system.and indeed the average "expert" is losing money. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market.
which is all handled centrally. Yes. But there are much smaller franchises also. This means that there is quite a high barrier to starting up. But rather than risking your own money on it. You cannot multiply your business . and limited upside potential (although you can still get pretty rich from some of them). then you need to stay well clear of the stock market! 4) Franchises. The system now works. because it is a low risk way of getting into business . There are.5 years! With business no. you are pretty much guaranteed to make a profit from the business. Almost certainly long hours. McDonald’s is the example everyone knows about. as they have done so in the past. there is a cap on how much you can earn. First you develop a business that works.someone has already taken the risk and done the work. as all the details have already been worked out for you. If you can't afford the time to study. Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. A brilliant concept. my assessment is: high cost to get into.1 (from last week) you could already be retired by that time! Even then.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. Then you roll out that business in multiple locations. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget. Headaches with staff and government regulations.they are merely -76- . you rent the system to other businessmen. High capital to get started.not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So. Obviously if you can be the originator of a successful franchise chain. or the money for the books. Get those first. On the positive side. But is it a good plan for the franchise buyer? Yes and No. however.but then the whole idea is that you are trusting them to do it right. and all you have to do is copy it. using the exact same formula. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free . you have to pay the franchiser a start up fee in order to learn the system and get on-board. Be careful with the small ones (like wheelie bin cleaning. Finally. And you won’t make any money for the first 3. then you are laughing all the way to the bank. two problems: First.even to McDonald's) 5) Traditional Businesses.because they are the ones doing the multiplying. most businesses are not making their owners rich . and still potential for losing everything (it happens . 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 .
they will work whatever country you are in. or I will refund the entire cost. Then start to learn about advertising. The first place to start is with the financial management. I know. How do you build it up? Ah! Now there is the rub! Well. b) How to Promote Your Offline Business Online I know. -77- . and buy both of these resources instead: a) The Golden Mailbox and. The good news is that both of those can be fixed! Provided you are prepared to do your homework. and then sell it. Okay.7 Steps to Freedom by Noel Swanson Step 7 getting by. If. maybe you are already in a traditional business. and turn your traditional business into your retirement cash cow. But you can have all of those and still go broke? Why? Almost always because of either poor marketing.). Use what you have learned from them for a full year. Take a look at the owner of your local high street store (non-franchise). Go see your accountant and plug all the holes through which your money is leaking out. or poor cash-flow management. Go get them now. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. of course. What then? Well. Yes you need good customer service. or the internet. Well.and yes. 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 . these materials (together as a bundle) have to earn you at least 10 times their purchase price. traditional business. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. The fact is that whether or not you end up using "pure" mail-order. you are not running a mail-order business and you don't know anything about marketing on the internet. by the end of that time (or at anytime before then). You are going to have to do something a bit different if you are going to stand out from the crowd. In fact. guess what? Almost certainly the key is going to be the marketing. For that reason I would suggest you take some money out of your next advertising budget. I will refund you your entire purchase price without any quibbles or hassle. Do you think he is getting rich running that??? Think of all the overheads he is paying. how is this for a plan: Build it up as quickly as you can to a highly profitable level. Yes you need good products. you are not fully convinced that will have paid for themselves 10-times over. That's right. not yet anyway.
And again. The key. and get out there and strut your stuff. then by all means exploit it. His second became a bestseller.e. why did it make it the second time? It takes persistence to write a second one when your first one made no money. 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. why did it not make it the first time? Or if it was that mediocre. In this case it is about selling things that produce a long term residual income. Much has to do with who you know. There are as many ways to make money as there are people. i. If you have a genius talent at something. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. This time it sold hundreds of thousands. Later on. Right. The classic example of this is life insurance. once again. You can't do them all. and you can continue to receive these cheques for many years to come. do your art as a hobbie until it starts to pay off! Finally. be focussed. And then. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). Read all you can. His second could just as easily have flopped again. If that is you. sports. or that will reward you in proportion to your success. then you can use your talent to set you free. Some people are born salesmen. Keep working the system until it works for you. developing your mind and your skills will be crucial. But only try it if you are a genius at selling. Study and learn. not your time. year after year you get a smaller cheque each time the client renews. is about leveraging your time.don't work for a one-off commission work for a piece of the action that will continue to pay you year after year.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . music. that’s about it. You sell one policy. but most will fall into the above categories. 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 . But once again you have to do it right. You get a good sized commission cheque up front. acting. Choose one (or maybe more).writing. And stick to it. Work hard in the early years to develop a large client base. His first novel sold 5000 copies. -78- . Would he then have written a third? Would that one have been discovered? If you follow this path. Learn all you can about marketing. they re-issued the first novel. Invest in your financial education. Above all.even if only for a day! Click here for the low down! 7) Sales. Find a brilliant agent and marketing manager. Take John Grisham as an example. And learn about doing Joint Venture and percentage deals . if you have already written what should be a best-seller. and with luck ( dare I say that word?) and timing.
-79- .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. and at the same time you are increasing your knowledge about the market as well as meeting the right contacts. Or you can work your own plan .then why not get a job as a real estate agent? That way you earn money today. if you want to build up a real estate portfolio . as they say. But even here you can be smart.you can either keep working the 40-40 plan .probably for only a few years . The choice. For example. is yours. Remember .and then be FREE.40 hours a week for 40 years to make someone else rich.
your Plan for Comfort -80- . Inner Circle. teaching you how to be a good employee. After that you maybe had further education or vocational training. the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old. Yet you. I recommended them because I think they are the best. In every case. At the beginning I was talking about dreams and goals. We have covered an awful lot of stuff over the past few months. the inventors. the explorers. the key to wealth is not what you do. We have gone full circle. and Rich. of course. listen to the tapes. change the way you think. Poor. to keep you on track..The end is the beginning S o. mindset! Everyone who is wealthy says "Read the books. in your daily-grind job. it is how you think. the edge that separates the best from the rest is their mindset. At school you had 12 years of indoctrination. about daring to believe. not the finish.. indeed. At the time you probably thought "Oh. So where do you go from here? Well. knew better than them! Which is.in whatever field of endeavour they are in. the athletes."how is this going to make me rich?". Dad. also teaching you how to be a good employee.evidence that you are not content to stay as an ordinary Joe. about possibility thinking. This is attested to by everyone who is a self-made success . guess what? You need to WRITE DOWN YOUR PLAN. employee. many of them spend literally tens of thousands of dollars doing so. Dad." In fact. like The Midas Method. show that you have got what it takes to make it big. So the end really is the beginning. and you probably did not buy any of them . So now. yeah. Of course you and I know that it is just the start. Ask the businessmen. Remember. you need to write down what your three plans are: your Plan for Security. They certainly transformed my thinking! Now that we have been through a bit together . the artists. After all that brainwashing it is going to take a bit of time to get your head straight. But what has this to do with me becoming free?" I also recommended some reading. why you are poor and they are rich! But you have stuck with me this far .I hope that it is all making more sense to you. we have reached "the end". That you have made it to here does.and if you have genuinely done the exercises you will have done some hard work . You see. I’ve heard all this before.Step 8 .
subscribe to auction house mailing lists. Then the second part will be the more general strategy. weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire. Put it in the back of your ring binder.Investment goal . You might categorise this into categories or strands: e.open up account.Education read 2 books a month. listen to 4 tapes. Things that you need to do in order to set the plan up . attend one business training seminar.like making an appointment with your independent financial advisor. or writing your will. Strand 3 .7 Steps to Freedom by Noel Swanson and your Plan for Prosperity.Real Estate goal .Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . on a piece of paper that you can keep going back to.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do .regularly read Property Auction News.to buy one property every 4 months activities . -81- . or opening an investment account.long term build up of capital activity . along with this book.g. Strand 1 . Strand 2 . go and look at 3 properties per week.first will be your to-do list. Step 8 I mean actually write down. There will be two parts to each of the three plans . the daily. research shares using his system.
then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. please tell me. and also more technical. real estate agent) Step 8 And so on. But even if they are not. or that provides me with the learning opportunity I need (e.. Similarly. then please let me know so that I can pass that recommendation on to others. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. In this way we can help each other. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). I will certainly try to pick the best ones that I know of. educational material about the specific business you are in. Whatever business you have chosen .Job look for a job that frees up more time. get yourself into a programme of regularly listening to those tapes and reading the books. They are hardly uplifting! Instead. encouragement and also some recommendations for further learning and training. Through my newsletter I will continue to provide you with motivation. If so. You need a combination . At then end of this email you will find a short questionnaire. Why will you fill it in? Well. if you are running an internet business. 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. Please would you click on your "reply" button. No. if you know of any good resources or links. I am hoping that you have found this FREE course to be of value to you.some general motivational stuff to help you to keep going even when it gets tough. then I can pass them on to others. Also. Buy them. you will still learn something from each and every one. If you have not enjoyed the course. -82- .7 Steps to Freedom by Noel Swanson Strand 5 .become the best.g. fill in the gaps. Notice Strand 4. then doing the questionnaire will be a way of saying thanks. If you have some favourite books that you recommend. not every one will be the best book you have ever read. you will have an excellent opportunity for promoting that business further (see below).. I would also really like some feedback. tips. and send it back to me.
remember what Sir Winston Churchill said: "Never give up. as well as financial. 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.Joint venturing is always the way forward! So. S.com and tell me what you think. then please tell me . personal. Depending what it is we may be able to work out some kind of deal! .. I will be in touch from time to time with recommendations on reading materials. 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. I have given you a lot of valuable free information. Now. and special offers on my own and other people’s products. links to useful sites. parenting etc. Never. for example. the Inner Circle testimonials).. my goal is to help you to achieve success . Noel Swanson P. These may range more widely over other issues such as home life. 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. including internet marketing. Never give up. in return. Would you please take a moment.perhaps we can start a bit of a dialogue through the newsletter. Your friend.in all areas of your life! If you have any topics or questions you want covered. Never. if you have any products that you would like to offer to others through the newsletter. But I hope it is not the end of our association. -83- . right now. to give me some feedback. Remember. Never. then please get in touch. if I publish it on my website (see. Thank you for your feedback! Keep working your plan. Just send me an email at noel@7stepstofreedom. As I said." Okay. cash generator. Also.7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. I am asking you to do one simple thing for me.
zip file. PDFbrand.exe. and you will find the branding tool. if at any time in the next year they buy anything from any of my many websites. Open the 7steps. You can either brand this book. Or you can simply tell your friends about the book and point them to my website. 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. replaced by your 4-digit affiliate code. Click here. It is absolutely free.7stepstofreedom. Run this program. To brand your own copy of this ebook 2.php?adminid=483&id=XXXX where XXXX is. and drag-and-drop the PDF book into it. Either way. you will earn a commission. 3. I will even introduce you to some other well respected and high-paying affiliate programs. since it will be called "7stepsbrandable. It's that easy. The brander will then come up with a dialog box.) You will know if you have.com/x.comEnter your email address as you want it to appear on the front cover 5.How to Make Money from this Ebook 1. asking you to automatically save the PDF under -84- .com Enter your full website address WITHOUT the http:// eidetika@yahoo. 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. Click here to download your brandable version of this ebook (if you have not already done so. Write it down! At this point you have two options. What's even better is that when they then sign up as affiliates.pdf". of course. and pass it out to your friends by email or on disk. and sign up to my affiliate program. Once you're finished entering your details. When you sign up. 4. you will emailed your unique 4-digit affiliate code. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate.
the more you give it away.pdf' in the same location as the original file. don't hesitate to email me at noel@noelswanson. Start giving away the book to your hearts content . Click 'OK' to automatically save the PDF. If you have any questions.com Step 8 6. 'Cancel' if you want to save it under a different name or in a different location. the more money you could make. But remember .any spamming and you will be fed to the wolves! -85- .7 Steps to Freedom by Noel Swanson the name '7steps_branded.
and the odd bit of rambling or ranting. town). If you would also like me to quote your website URL. Yours warmly.com +44 (0) 1329 513296 (UK time zone) P.In addition to valuable tips. 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. successes. it all helps in promoting your own website! I look forward to hearing from you. you will also receive frequent free gifts and some very special offers. great wisdom (!?). Naturally you can unsubscribe at any time.S. and/or if you have a thumbnail photo of yourself that I can use. I would also cite your name and general location (e. So. please do attach that as well .com/index.html and sign up .7stepstofreedom. 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. Noel Swanson noel@noelswanson./?:'@~~\=+ -86- . Normally..g. unless you specify otherwise. stories and suggestions.. I wish you every success. I shall assume that you are happy for your comments to be printed or quoted on my website. 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. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_.remember.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences. In the meantime.
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