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Steps to Freedom
A Blueprint for Achieving Wealth, Health, and Happiness
by Noel Swanson
This book is copyright (c) 2004 by Noel Swanson. All rights reserved. However, you are encouraged to pass this on to your friends - in fact you can even make money by doing so (click here to find out how) - provided you do not change the text in any way (apart from your affiliate links, of course).
Published by Allegretto ltd. 8 Westborn Road, Fareham, PO16 7DH, UK www.7stepstofreedom..com
Table of Contents
Intro - Just 7 Steps to Your Dreams Step 1 - What do you Want? Step 2 - What is Important? Step 3 - Passion, and Maths Step 4 - Stop the Bleeding Step 5 - Your Plan for Security Step 5 cont - Live for Success! Step 6 - Your Plan for Comfort Step 7 - Your Plan for Prosperity Step 7cont - More Paths to Wealth Step 8 - The End and the Beginning How to Make Money from this Book 3 6 11 15 21 37 44 47 61 73 79 83
Intro - Just 7 Steps to Your Dreams
his is a book about Freedom. How to get it, and how to keep it.
If you stick with me and work through this book deliberately and diligently, you will be well on your way to achieving everything you ever wanted from life. So what do I mean by "Freedom"?
freedom is having the time, ability, and opportunity to do the things that I want to do in life It is about enjoying life to the full. About extracting every second's worth of life out of every minute lived. About being able, on one's death bed, to be pleased with a race well run, a life well led with no regrets. Is it about money? Yes, money is a part of it. It is hard to be free if you are broke. But money is not everything - there are plenty of rich men and women who are as miserable as sin. They are hardly free. In my book, freedom includes having enough money to do the things you love to do - yet without letting money become your master. Is it about love? Yes, because life is about passion, and about emotions. Without both of these we are as un-free as a robot. But love can also be a prison, and so Freedom is about learning how to enjoy your emotions, your passions and, yes, your loves in a way that brings liberty and life to all parties - whether they be your lovers, your children, your family or your friends. Is it about time? Of course! Every one of us has only 24 hours in a day, 7 days in a week, 52 weeks in a year, and maybe 80 or 90 years in a lifetime. How will you spend those precious moments? Because, once spent, they can never be regained. For 95% of the worlds population their time is effectively controlled by other people and other demands - every moment of the day is soaked up by the ever-present need to earn enough to pay the bills, to clean the house, to look after the children, to satisfy the partner or spouse, and to keep the in-laws at bay. That is not freedom!
7 Steps to Freedom by Noel Swanson
For me, freedom is about being in charge of my own time: choosing if and when I will work, when and where I will go kayaking, skiing, scuba diving, or oil-painting. Having time to sit and drink wine with my friends, take walks through the beautiful countryside of England and Canada, or sit on the beach and watch the Caribbean sunset. Is it about pure, simple, care-free hedonism, with no concern for the needs or wants of others? No! Simply seeking after the pleasure of the moment, like taking drugs, leads inevitably to an empty and shallow life. Yes, it is fun for the moment - but the regrets will surely follow as night follows day. Is it about manipulating and controlling others? I hope not! You know, what you will learn through this book, and through the recommended reading is so powerful that you could, if you chose, use it to do just that. But then that is the danger of powerful tools a sharp knife can both slice the ropes and knots that bind you - and slay your best friend, your lover, or your enemy. In my mind, true freedom comes when you honor and respect others, not when you control them. I hope that you will use what you learn in that spirit. But, in the end, that must be your own choice - for that is what freedom grants you: the ability to make your own choices about your own life. The Keys to the Dungeon My Friend, you are about to embark on a most amazing adventure. Your life will never ever be the same again. Why not? Because, today, you have been handed the keys to your dungeon. You may choose never to use them. In that case, your life will continue as it always has done - with one difference: You will always know that it was your own choice to stay in that dungeon. Perhaps you have good reasons, so you thin, for why you wish to remain there. Perhaps you just don't believe it could be any different. Either way, if you never put the keys in the lock, if you never turn them, you will always wonder what it might have been like... Your other choice is, of course, to open the doors and walk through them, a free man or woman. Now, at this point I do have to issue a warning! This book is your key. But it is not a magic wand! You will learn that there are immutable laws at work in the universe. You will learn to use these laws to your advantage, and you will be amazed at the changes in your life that they bring.
And of these. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. It is your own mind. 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. and emotionally free. as you shall discover. the two biggest hurdles they face are about becoming financially free. Why? Because. I'll tell you what. Okay. 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. one more thing.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. you will find tasks set for you. Do them! This book is not light bedtime reading: it is a workbook. I will talk much about "retiring" and "building wealth". The lock on your dungeon is rusty and difficult to turn. for most people. lets get started. Go on. You will have to work at them if you are to successfully open them I will show you what to do.e. But above all. It will take you about 10 minutes to complete. So where do we start? Well. as you work through this book. that you have sufficient financial resources that you can -5- . How to maximise your use of time How to remove the clutter from your life All this. Oh. In the following chapters. 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. the first is usually the most obvious (although probably not as important as the second. you will learn how to think! Because. And I will use the term "retiring" as meaning the same as "financially free" . or your disabilities that keep you enslaved.) Then go to the Table of Contents and start on Step One. and will cost you not one penny. the blueprint for a better life. For that reason I strongly suggest that you print out this entire book now. your spouse. and much more. (Just click here and you will be taken right there. it is not your boss. your poverty. But you are the one that has to do it! And so.) So I will use wealth as our prime goal. The door is stiff and heavy. Here is what will you learn through the coming weeks and months: How to set yourself free financially How to eradicate guilt and dependency from your personal relationships.i.
Great! As long as that is your choice and not a necessity. The principles will apply in exactly the same way.7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. Just follow the instructions and you will get there. "Retiring" does not have to mean you never work again . But perhaps you have different priorities and goals in life? No matter. See you on the other side! Noel Swanson -6- .you may like your career and want to continue in it.
Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage.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 . That’s right. On the other -7- . go in to work. only to repeat the same exercise day after day. 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. expenses and luxuries. Of not being able to feed yourself and your family. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years.except you have no money. Of being ridiculed and pitied by your friends.40 hours a week for 40 years. 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. and then come home worn out. for forty years? This is often known as the 40/40 plan .Step 1 . with free time to do what you want . doing a job that causes you stress and worry. perhaps ill. Of not having clothes to wear.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. neighbours and relatives. let me ask you why it is that you. You are afraid. trade eight or more of the best hours of your day for a pathetic amount of money. get up in the morning. and 95% of the adult population. In contrast. 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 would cut your hours. So why do you do it? Let me tell you why: FEAR . Of having your house repossessed. And at the end of it. Of being destitute and dependent on a state pension when you are old and frail. So now you are old.
“If only I didn’t have to go to work every day”. and also for winning. too old. you start to find the reasons why you can. day in and day out? It certainly isn’t the money. These need to be so powerful. -8- . that they start to shape the way you see the world. once there is an iron-fast conviction in your soul that says “that’s where I am headed. But. really want. the wrong education. or you say you can’t. since money is such a big issue for most people. the wrong sex. in your soul. and you set out to get it. Most likely you are going to have to start some kind of new venture.8 years. You will have to make some sacrifices. come what may”. too thin. There will be set backs on the way. you too need that passion. if you like. And that passion drives them on when others would give up. making serious money takes commitment and perseverence. Step 1 So. Instead of “I can’t”. They must win. Now.both for their chosen sport. or 5-times Olympic gold medalist Steven Redgrave. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. and 2) A reason why. Henry Ford but it best when he said “Whether you say you can. At times you won’t feel like doing it . and so entrenched in your very being. and so on. Once you know what it is you really. Take a world class athlete like golfer Tiger Woods. safe to say.7 Steps to Freedom by Noel Swanson hand. Those just won’t cut it when the going gets tough. There is another aspect to this. It is a deep seated passion . too stupid. then your mind starts to look for ways around. too clever. under. What makes them train and practice so hard. Once your focus is clear. a wish or an ought is not enough to keep you going for even a month. So what do you need? You need two things: 1) A clear goal. or over the excuses. or staying on your diet. Things don’t always go as planned. you are correct”. too fat. 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”. But once you have decided.just like when you don’t feel like going to the gym. 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. all the excuses start to fall away. 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. If you are serious about becoming free in the next 2 .
Who would you listen to? Remember I said that you would need to do some work? Well. This is of vital importance. and still interested in learning the secrets of wealth and freedom. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. 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. or starting any new venture or adventure. meeting more friends. and it matters to you. getting married. “What’s the point?”. for everyone who has made a real success of life. 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 . 2) Why did you pick that one priority? -9- . if you are still with me. Of all the reasons why people fail to make it in their new venture. Whether it is losing weight. It is this step that many people will skip over. they would say. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. those goals and dreams first. getting fit. What matters is that it is yours. the lack of a clear goal. “Why not just get on with making the money?” So why is it that these people are broke. On the other hand. you will find a strong and powerful passion that has driven them onwards.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. (however you might define success).nor how big or small your goal is. it probably won’t happen unless there is that passion. and the lack of passion for that goal are the top of the list. not just your finances. stopping smoking.
Spend some time thinking and dreaming about this .you have some work to be getting on with! -10- .g. of course). Avoid negatives . go to onto the internet and get yourself The Midas Secrets package. “I won’t be living in this dump”). the more vivid. this is essential if you are serious about unlocking the doors to your dungeon.it really is vital. that’s enough for this week . Done that? Okay. it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow. As a first step. what will you be doing.you will want to be doing this everyday of your life until you reach those goals. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. what will you own? Be as specific and detailed as you can.where will you be.don’t look at what you won’t be doing (e. It is only a small investment in your future. What do you want for yourself then . The more detailed. with the mortgage fully paid off. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here . In fact. I strongly encourage you to start to do so also. “I will be in a 4-bed detached cottage in the countryside.g. the more real your description. Sounds crazy.and then right down your answers in as much detail as you can. the greater chances of success.”) Do not miss out this exercise . This is why successful people are constantly reading and listening to motivational books and tapes. In fact. and has invaluable lessons (provided you do them.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. look at what you will be doing instead (e.
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. you’ll always get what you’ve always got. Isn’t it time to do something different? -11- . if you always do what you’ve always done. and the grit and determination to reach those goals.
You should be able to get it from your public library. 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.well. such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them. some of these tasks are urgent.What is Important? D id you write down your goals from Step 1? If you did . or else click on the link and it will take you straight to it at Amazon.Step 2 . You will note that some of your tasks are important (by this I mean important to you). If not .you have made a crucial first step to achieving them. you won’t be the only one! It is so easy. 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. to let other priorities and demands get in the way of what is important. but that does not mean the task is important to you .com Take a look at the grid below: Important Quadrant 1 Quadrant 3 Not Important Quadrant 2 Quadrant 4 Urgent Not Urgent All of your daily tasks can be mapped onto this grid. Well worth getting hold of. That means they need to be done now -12- .congratulations .although the friendship might be) At the same time. isn’t it. Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People.
it is important to your future . but sit quietly in the background waiting for you to get around to them. But these activities are important. you are probably getting stressed by all the Quadrant Two activities (important.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities . take a look at your own life. In fact. or two months ago. watching TV with a beer. As you do these. but not important . Now. being kind hearted and generous. They need to happen. or painting the house. Many of them are of the “putting out fires” variety. on top of all that. The same with the exercises from last week and from The Midas Method. daydreaming. Like going to the gym. Likewise. you don’t have to go to the gym today . not yours). For example. and yourself. and improving and developing your knowledge and skills. a colleague. things that have to be done today. Other things are much less urgent.these things are both urgent and important. If you are like most people . the car does not have to be serviced this week. Then. but just can’t find the time for.looking after your property. These activities probably take up most of your day.to you . Next week. And the ironing can wait until there is time. or the tax man). In other words. You have to do them. Tomorrow is not good enough. Reading this course is a Quadrant Two activity . For example. In fact all those things on your mental “to-do list”. because you did not get around to doing them a week. Most of these activities are of the maintenance and improvement type . month. if you could do them regularly. and they have to be done today.doodling. And what happens to Quadrant Two? All those tasks that are vitally important.it’s their agenda. if only you had the time.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. the car has broken down. or even next month would probably do. Which you would. but not urgent) that you know you should be doing. relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind.but could easily be pushed to the bottom of the pile until you have time to do it. filling in the crossword. you would find that they actually help to prevent many of the Quadrant One -13- . because you never got around to replacing the oil 6 months ago. And. or keeping up to date with developments in your field of work. and your help would make such a difference to them. maintaining your house and car.stressed out by too much to do and too little time in which to do it . Often this is because of some deadline imposed by someone else (like the boss. 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 .tomorrow is probably just as good. Included here are things such as getting exercise. you say “yes” to this Quadrant Three activity (Urgent.
and hoping that someone else will do something to improve your lot. the will of god. decide. And often one of the hardest for them to overcome. Life is all about the decisions you take. Or you can sit around. will affect your life from then on. You are where you are because of the decisions you took in the past. So. At the beginning of each day. It is a blank slate for you to write upon. there is a balance in all this. Get some books. misery. and whatever happened. here are your tasks for the next month: -14- . complaining about the circumstances. I have found this to be one of the biggest reasons for why people continue to have stress. But equally you certainly don’t have to be a doormat.other people. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. But whatever they did. fate. or get divorced. and problems in their lives. or start a business. or change jobs.or your could choose to move abroad. to summarise.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure. listen to some tapes. Sorry if this sounds rather hard. your answer to this must be “Me!”. We have all made mistakes. ask yourself which quadrant this fits in. You don’t have to be rude or unhelpful. what was crucial was what you did in response. What matters is where you go from here.if you make the right decisions. Now. schedule in some time that is reserved for these activities .. You really can reach your goals . If it is from quadrant 3 or 4 . You can choose to carry on as you are . And whatever you do.and stick to it. Here are some suggestions: With each task you do today. in each day. But if you are going to reach your goals.say “no”! You must work on what is important to you before you work on what is important to other people. or. This opens up tremendous possibilities for you. or do not. you must learn this skill. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. How it turns out for you is down to the decisions you take from here on. The future is unwritten. that you do them. 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 .. the government? If you are to achieve the success you deserve. Of course other people and events have played a part. Most people find this very difficult. remember?).
Make sure you do it each day. Make every effort to avoid being sidetracked or distracted from it. If you did them all. If you come to a point that depends on some external event (like waiting for someone else). If you miss a day . But at least you worked on the most important of them. If you have not already done them. Try and do it at the same time each day . Then start with number one and persist with it until it is done. See you next week in Step 3! -15- . By the end of the day you will either have completed all 6 or just some of them. then move on to task two and stick with that until it is done. the rest can be at any time. etc. studying. put your Midas Method goals at the top of your list as your Number 1 priority.7 Steps to Freedom by Noel Swanson At the beginning of each day: Step 2 1) Set aside an hour for quadrant two activities . Okay .use this for reviewing your goals.don’t beat yourself up . getting some exercise. Tomorrow make a new list (which might or might not include today’s items).but make sure you don’t slip up again! After all.your task this week: Do both of these every day.you would not have done them using any other system either. great! If you didn’t .the goal setting is best done at the beginning of the day. as long as it happens. doing repairs. the only person you are cheating is yourself. 2) Make a list of the 6 most important (to you) tasks for the day.
But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect. they simply climbed out of the back .” Newton. As the truck was bouncing along down some dusty track. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. shaken together. it will be measured back to you. It has been stated by many people. And once you fully understand it. Luke 6:38. but still to only one client at a time. So her -16- . It is through an understanding of this law that cars drive. “"Give. “For every action there is an opposite and equal reaction. and underlies just about everything that we do. For with the same measure that you use." Jesus. and it will be given to you: good measure. It is a relatively unskilled job. tells the story of some Africans riding in the back of a truck. one of the original and greatest motivational teachers. and the difficulty of replacing you. and Maths E arl Nightingale. This law pervades the entire universe. This Law is one of the most fundamental laws in the universe. Here are some examples: A window cleaner brings a small benefit to one household at a time.Step 3 . and running over will be put into your bosom. pressed down. and rockets are able to land on the moon.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. Consequently his pay is low. Since this is the case. So instead of hammering on the side of the truck to signal to the driver.Passion. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. depending on the type of circumstance that they were describing. It has its effect every time we do anything. we would be wise to learn this. and so it is easy to replace him. A lawyer or doctor brings greater benefit. whether we like it or not. and the incident provided them with some great stories to relate to the friends and relatives. Here are some of the most famous. planes fly. and use it to our profit. But because of the long and arduous training she is rather more difficult to replace. So what does this have to do with making money? Absolutely everything. they decided that this was the point at which they wanted to get off. of which the poor African villagers seemed to have been surprisingly ignorant. it will also be the means to your own financial security. in many different forms. the number of people to whom you bring it.
And there are only so many hours that you have that you can exchange. or cannot be easily provided by someone else. I will put the logs on.but the problem is that it is to only one person at a time! So. If you are in employment and wish to rise through the ranks. before they will put in the extra work. your reward will follow. and 3) is scarce. The same also applies to star-quality actors. but to millions of readers.such employees simply get taken advantage of. Getting this combination right is the maths. “you provide the heat and then when you have done that. -17- . and sportsmen and women. 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 . entertainers. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes . so his income can be quite large (in fact. It is not necessarily about working all hours of day and night . then your reward will follow.for the simple reason that. But work smart. here is how you do it: Become the best employee there is .find a niche in which you become the expert or the specialist. But be clear that it is in that order first you provide the benefit.” It does not work that way around. Also. as sure as the sun will shine tomorrow. The maths is simply wrong. Don’t just do “grunt work” that anyone could do . Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on. not hard. And yet so many people expect just that. This is especially true in employment . 2) can be supplied to as many people as possible.7 Steps to Freedom by Noel Swanson income is above average. then. in the end.they expect the pay rise or the promotion first. To expect otherwise would be like telling an empty fireplace. skilled writing is fairly uncommon. If you can get it right. it is very hard to become financially independent as an employee . Produce the highest output. If you can do this.the deal is that you exchange your hours of labor for money.become so indispensable to the company that they cannot manage without you. all your efforts are primarily going to benefit someone else .the greater the benefit the better. then the rewards follow. proportionate to the number of readers). Step 3 A best selling author brings a small benefit (a few hours entertainment).namely the business owner. The reason for that is very simple . the best ideas. The trouble is. the greatest number or sales or clients.
thousands. and/or large conferences and seminars. you will probably find that most millionaires have worked very hard to build their fortunes. And why not? You are much more likely to put in the hard work if it is fun. training tapes and videos. school/business groups) or destination (undiscovered and exotic locations.but being a ski instructor doesn’t pay. So why not. Could you set up some kind of tourist operation . to put it the other way around . or that bring great stress. handicapped. however. What about finding a way to extend your teaching to hundreds. It is no use putting all your efforts into something and then finding out that nobody wants it. have fun while you are doing it? This is what I call the passion. and see it through to the end if you are passionate about what you do. Life is supposed to be fun. as second side to all of this. If you look around.do what you love. to make enough money to become financially free is going to take some work. I believe that life is just too short to be spending it doing things that you hate. You love skiing . Most could probably be described as workaholics.whether that be a hungry crowd desperate for a burger. you will also have to provide a service or product that people want. Whatever means you choose. then if it is tedious. most would probably tell you that they love what they do. So get the maths right. There is. Yet if you asked them. Or you could develop a business in which you help other people to be successful. Clearly.perhaps filling a niche market for a particular type of skier (e. You are much more likely to persevere. the only way to make more. Network (or multi-level) marketing is wonderful tool for doing just that. or collectors desperate for football or pokemon cards. is to find a way to multiply your efforts. Much better to find a niche where people are begging for your service . Find something about which you have a passion. But also find something that you love. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching . as play.7 Steps to Freedom by Noel Swanson Step 3 Consequently. Or. Why do it when there are so many enjoyable things to do.but teaching a school class has the wrong maths. to achieve this. at least. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. Then the maths is right. so that they benefit more and more people. than if it is a total bore. By its very nature it is -18- . or even millions? This could be done by books. that it is not so much work.g. off-piste powder tours)? You love helping people.
The first is that wealth comes from bringing value to other people. and suits your personality and unique pattern of strengths. One way to think about this is to develop your own mission statement. or do you prefer to just be given a job to get on with? If you could do anything at all. 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. The second is that happiness is a by-product of doing something that is worthwhile.or you could develop your own product that has value to many. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. here is a question that might prompt some thinking. then you are on the high road to both success and happiness. But you love working on a project . So if you can find a purpose to your life that brings value to people. Your task for this week is to think about your passion. The joy is in the journey. what would give you the greatest pleasure and satisfaction? Do not limit yourself . of doing something. or programming. Note also that the notion of purpose is that of action. All you have to do is to fill in three blanks in the following statement. or fixing cars or cooking). You hate meeting strangers and having to talk to people you don’t know.let your imagination take you where it will. In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. or computer programming.7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. Think also about your personal character traits. and either use the internet as a tool to make it available to the masses. We will be looking more at this in a later Step. Life is not an end point. What is your purpose in life? Now. So at this stage I don’t want you to be worrying about the maths. it is a process. There are two points to consider here. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). 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- . is worthwhile. So why not have a personal mission statement. the more you yourself will earn.such as writing. you might just find your life’s calling! To help you. or are you more artistic and intuitive? Are you good at leading others. lets just think for a minute. You could be employed by a company to develop their products . or joint venture with someone who does like networking or selling.
Of course there are many.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 will feel it resonate with your whole spirit and being. I will leave that to your imagination.they relieve their Table 1. You will say “Yes! That’s it! That’s what my life is about. what I love doing. there will be a “eureka” quality to it. Table 2 lists some other possibilities. It might be an audience if you are an entertainer. In what way will this be of benefit to them? What will they have. Who benefits from what you do. But don’t be limited by these. If there is minister enroll enhance no benefit of some kind. “My mission is to __________ ____________. identify the desired outcome of your work with these people. able to do as a result of your actions? Table 3 lists some ideas. Even drug dealers provide a “benefit” to people . but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. 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. When you find the right outcome. Note that this might be anything form individual people right up to large groups.” 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. you have your completed mission statement: -20- . unique. mission. many more. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. When you do. and what provides me with satisfaction and excitement. The list in Table 1 nurse acknowledge facilitate may give you some ideas. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. or even countries (if you fancy being Prime Minister!). then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it. if you are a mechanic. 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. entertainer. or be Table 2.” Step two is then to identify the recipients of your actions. What is it you love doing help referee challenge with people? Are you a natural born teacher. keep brainstorming until you find your own. influence refine coach inform serve discover encourager.” Start with finding the right verb. or motorists. What you do. leader. Below I will give you some ideas.
Hang in there! -21- . At this point do not be thinking about how you will do it. you have guessed it! Complete the blanks above. Concentrate only on what it is you want to do. Next you need to know where you are now. Life is a journey. Keep doing so until you have something that makes you feel good. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear.” 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. In the Step 4 we will be looking at how to take stock of where you are now.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.oOo --Your task for this week? Yes. --. the destination. Only then can you work out the quickest route to get from here to there. you can play around with the form of words to make the mission fit you. So far we have been looking at where you want to get to.” As you can see from these examples.” “My mission in life is to discover new places to which adventurous golfers can travel.
this week’s task is to take full stock of your situation. I want to talk a little bit about how to create your own personal financial statement. And an aeroplane might not be so appropriate if you are just down the road in Leeds. bus. as it is to know where you are going. your goal was to “travel to York. Suppose. do not rush over this. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . train. England”. specific and detailed.com . Before we start to look at the ways in which you will do all of this.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. The income and expenses report (also known as a profit and loss statement). and the balance sheet (which details assets and liabilities). be excited about the type of contribution that you will bring to the world.) You can order them through Amazon. the way in which you will make a difference to people’s lives. and the sequel “Cashflow Quadrants”. or through your local bookstore. It is as important to know where you are now. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. Before we do that. (They are a bit wordy and repetitive at times. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. if you are currently in New York. your current starting point. At this point of time. for example. England. coach.Step 4 . have clear. Let’s look very briefly at both of these. medium and long term. goals written down as to what you want to achieve in the short. Poor Dad”. Once again. USA. we still have one further preparatory step. but the content is first class. by now: know that you can achieve whatever it is you set your mind to. There are two parts to a financial statement. air. I thoroughly recommend them. How will you get there? Will you travel by foot. Income and expenses . So.
Clearly there are two ways to achieve this .” In contrast to an asset which is “anything that puts money into my pocket. Some of this goes directly out as expenses (of which tax is the biggest one) . if you owned a rental property. In contrast.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. your sofa. and the rent your received was greater than all your expenses in terms of maintenance.one is to cut down on your liabilities and expenses and the second is to build up your assets.ouch! The expenses continue. Figure 1Figure 2 . The rest goes on the various liabilities you have accumulated . your car. and pretty much everything else you own is a liability in that they are costing you money every month. Cashflow of the rich Incidently. then that property would be putting money into your pocket. The trouble is. it is an asset.7 Steps to Freedom by Noel Swanson Step 4 work that you do. They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. 2 as quickly as possible.arrow A. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. the financial statement of the rich looks like Figure 2. but the income stops. and loan interest. This income goes into the income section of your report (see Fig. and out through expenses and liabilities.” From this definition. 1). repairs. In other words. but from the assets they have accumulated (arrow C). you can see the direction of your cash flow: it flows in from the job. That is not what I call freedom. -23- . So. In this you can see that the majority of their income comes not from their work. you can quickly see that your house. So. the rich also manage to sidestep most of the taxes as well.arrow B. if you ever lose your job . For example. This is what you are trying to achieve for financial freedom . Unfortunately most of this money immediately flows out again. you are trying to get from Fig. 1 to Fig.
You will find the template on the next page. you also need to do an inventory of the other parts of your life. since success is about more than just money. or it won't get done! -24- . for the first week. so let's allow for two weeks to complete it. This is your task for Step 4. complete your personal financial statement.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. To do that you need to prepare your own financial statement. In addition. isn’t it? Ready? Okay. that is what separates the winners from the losers.. Once again it will require some work on your part .. and you will probably need to put it as top priority on your priority list. It comes in two parts.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-
Total Expenses Net worth = Total Assets . “Income $100. expenses $99. 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. what do you do with these figures? First do these sums: Monthly savings = Total Income . result.000 you probably need to be thinking about planning to avoid inheritance tax.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now. happiness. misery” Most likely you need to find some way to cut your expenses. $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. -29- . Your Retirement Quotient tells you what percentage of the week you can take off (i. well done! Now use those to start building up your assets. If your net worth is greater than $250.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. but I am probably wrong) said: “Income. expenses $101.e. If your monthly savings are positive. result.
Obviously. i. Until next week. 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 . then you can fully retire. go part time).e. if your monthly expenses are $1..000 per month...WELL DONE! It is not easy doing all that! But tell me. If you have got this far ..7 Steps to Freedom by Noel Swanson Step 4 retire. After that we will start to develop Your Action Plan. your passive income exceeds your expenses.covering topics such as: Your Health. For example.500 and you are receiving $500 a month from your investments. you could cut down your working week to earn just $1. then 1/3 of your expenses are covered so. theoretically. once your RQ exceeds 100%. Your Children All of these are important if you are looking for true FREEDOM. -30- . Your Relationships.
making a difference to the people and community around you. So. Opportunities and Threats) analysis. Or pursuing your sports or hobbies. about enjoying rich and rewarding relationships. This week it is time to look at personal relationships and health. you need to decide how much is enough. Over the space of 8 years he made himself £10 million.Preparing your Personal Inventory Part 2 . 2) Equally important. before you even start on your journey to riches. Just a fancy way of asking “where am I now. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. How much are they really worth? What would you pay for a piece of paper about 6" x 2"? Or a disk of metal weighing about a 1/4 of an ounce? What would the recycling plant give you for them? Nothing probably. Then you can map out your own destiny. Money is a tool towards success. If you focus just on money. Which is exactly what you are starting to do. Look at the coins and banknotes in your pocket. But real success is about living life to the full. it is just an idea. Of course. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. you can very quickly take charge of your life. and much less known is this: Money is not real. the “law of cause and effect” being chief among them. where they are now.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. and what is getting in the way?” In the last lesson we did this for your personal finances. Like spending time with your family and friends. Or seeing the world. what do I have going for me. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. then you will end up just like Scrooge: rich and miserable. It never ceases to amaze me how most people just muddle along in life with absolutely no idea of where they are going. So why are they “worth” so much? Purely and simply because people say -31- S . Stuart Goldsmith is an excellent example. When do you get off the gravy train so that you can do the things you really want to do. and neglect to build up other areas of your life. 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. and how they are going to get there. Weaknesses.
or token. If anything. It is only worth something when it starts to move . you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. The better you are at that. When you exchange your note for a bag of potatoes. it will affect every other part.when it gets passed around from one person to another as a token of agreements being made and fulfilled. and you feel confident and in control? And then there are times when you just feel stuck. 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. therefore. But there is still more. Nothing goes right. then the agreement between us is soured. Because of this. Both are about more than money. For example. how much lighter and freer did you feel? That clutter was literally blocking your flow. a mechanism. The creative energy is blocked. In fact they are about every aspect of your life. Flow can be blocked. Wealth is therefore about FLOW. It really is like some kind of spiritual force. making money is. for exchanging value between people. If I fail to do so. or you will be pretty angry and will never deal with me again. 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. the second is when the Flow is blocked. So if you want true success. the more you will make. it is a bit of a fire hazard. What can block your flow? Pretty much anything. of that agreement. It does you no good at all. The Flow has ceased. and either I have to make it right again. Everything works out. Money is worth nothing unless it is moving. And this in turn depends on the agreements that people make with each other. all about honouring agreements with people. When it was like that. Wouldn’t you rather be in the Flow than out of it? Well you can. A suitcase of banknotes under you bed is worth nothing. and it can be released again. Have you had times when everything just seems to be going your way? You are on a winning streak. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out.7 Steps to Freedom by Noel Swanson Step 4 and believe they are. Money is merely a tool. The first is when you are in the Flow. The money that passes between us is just a record. this is where it gets a bit metaphysical. It is very much tied in with the notion of agreements. When you buy a book from me. Now. if you get blocked in one part of your life. In the end. you do so on trust that I will deliver value to you. And -32- . and that is what this week’s lesson is about.
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. Now divide your weight by your height squared (72/3.8 = 3. etc) three times a week? Do you drink more than an average of 2 units of alcohol per day? (Be honest.Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this. we will start with your own agreements before going on to agreements with others.even your finances! Your task this week is to identify and then start to sort out the blocks in your life.8 x 1.Underweight . Note that this is an ongoing process that you will need to be reviewing regularly. be honest with yourself as this is entirely for your own benefit.Overweight . 1.including agreements you make with yourself! In fact. running. Remember that wealth is about honouring your agreements .2) .Healthy .5 18-5 to 25 25 to 30 30 to 40 over 40 . No..g. walking.24 = 22. that would be putting a block on all areas of your life . Your Health Do this sum: write down your height in metres (e.Obese . cycling.24).g. I mean really honest!) Do you drink more than 4 cups of coffee.80m = 5' 11). The questionnaire below will help you to do that. 72 kg = 158lb). Multiply it by itself (1.. tea. Then take your weight in Kg (e. Once again. 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- . do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e.7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way.g.
-34- .. diabetes. Not only is your smoking costing you money everyday. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success. But in the long term it will come around to bite you in your ass.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. well done! If you scored less.don’t put it off again! Look. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. One or other of these should sort you out . Cheating yourself or others may work in the short term. Sorry about the language. Not to mention your health and fitness. high blood pressure. 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.they seriously impede your flow and will prevent you from achieving true success. but it’s true. police etc) Unresolved conflicts are the same as broken agreements . I am serious.so you now have no excuses left! ( Do it now . Resolve NOW to do whatever it takes to resolve the conflict. 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. If you scored 10 or more. set your self some Midas Method goals to deal with it. If you are a smoker.. 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!). or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman.
and not just for you. This is another quadrant 2 activity. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years. I know that if you have had some serious trauma or abuse in the past that this can be very hard.they don’t deserve to be forgiven.it is only yourself that you are harming by failing to forgive. you (and your kids) will reap rewards if you make some effort -35- .) < Let them have their way for a change! None of these will immediately put pennies into your pocket. Not for their benefit. You cannot afford to have relational clutter messing up your life. including making money. bite the bullet and tell the truth. then get a friend or counsellor to help you. then pay the price and do it. do it. Even so.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years. but for yours. (My best friend and I planned a special holiday to celebrate 20 years of friendship.” And it is usually the poorest parents who say that.and I am a consultant psychiatrist. < If you need to forgive (you probably do). go and do it. but for generations to come. but it will more than pay for itself over the long haul. It may cost you in the short term. Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. then do so .or even a holiday together. And especially don’t make the common mistake of working long hours to buy them everything they want. 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 . (Just as an example . If you cannot do it on your own.we get him everything he could want. If you need to put things right. so trust me on this. Don’t let it be squeezed out by the “urgency” of all the other things you had to do. But it is absolutely the key to freedom . Now think about those that you count as your loved ones and your friends. thought and energy into raising them right. will save money and heartache down the road . 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 .7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise.) 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. investing time. Like everything in life. Yes. I know . < If you need to own up to something.
repair the guttering. So. Don’t know where to start? Then have a look at my book. Make a list. Yourself Probably the hardest of all. and so on. this is all about developing a lifestyle of success. 4. you don’t need a mansion. That is not the goal. Make a list of character traits that you are not happy about. put next to them what you want to be instead. you will have to be happy with yourself. and sort them out. there are principles that apply. The goal is to develop habits that will last a lifetime. Once again. As you have probably realised. You will feel so much better when you do. For example. But this is an ongoing project. “The GOOD CHILD Guide”. you increase your children’s chances for happy and successful lives a hundred-fold. So here is a task: 1. But once again. But you don’t want to end your days as some miserable old “git” that nobody likes. for each of these. and do all those other little jobs that you have been meaning to get around to. do you? 2. You get angry too easily. and will pay you dividends over a -36- . No you don’t need to be obsessional. e. It ‘s physical state affects your spirit. and that affects your flow. And it might take you some time (after all. Time to take a look around you. you lie. one at a time. the reality is that life is a life long project). Now. instead of being angry. but I would certainly agree with them that a well kept home will enhance your health. and work at them until you achieve success. I am not sure I go so far as to go along with the Feng Sui practitioners. you might want to be more easy going. No. positive. 3. character traits.g. Finally. Put them one at a time on your Midas goals. nor even a month or a year. Stuart addresses this in terms of self-belief in The Midas Method. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. you give in and don’t say “no” enough. Your home is where you spend most of your hours. But you do need to throw out all that junk! Sort out your wardrobe.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. put them on you Midas goals. your happiness and your prosperity. You don’t have to be perfect. Then for each of these. your procrastinate. you may need some help with this. your are unreliable. and if you can learn and apply them. For you to be successful. are you still with me? That is quite a bit of homework I have given you. You will not complete all these exercises in a week. picture (visualise) for yourself some situations in which you would want to demonstrate your new.
In the next Step we start to put together your action plan.7 Steps to Freedom by Noel Swanson lifetime. Don’t. See you then. dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. You will never have enough time. The temptation will be to put them off until you have enough time. you will find you have plenty of time. make the time for them. magically. It is called getting into the Flow. these are all Quadrant 2 activities. -37- . worry and guilt happy and successful children peace and contentment money Step 4 As I have said. and somehow. Do them now.
The easy thing to do in life is to drift. say 9 inches wide by 30ft long (25cm x 9m). Why? Because it is your dream that provides the motivation to succeed. would be rushing down that plank to rescue the little one. would you be able to walk along it without falling off? Sure you would. the reason why. That is what most of your friends and acquaintances are almost certainly doing. down on the ground. especially those with kids. Let me give you an example: If I were to lay a plank of wood. this week we will really start to rock and roll! But first lets just review how far you have come.Your Plan for Security O kay. That reason is your dream. By now I hope that your dream is starting to dominate your thinking.Step 5 . 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. eh? Now. Until your reason why is strong enough. the chances are you will not do what it takes to make the money you desire. So what was the difference? The only difference was the motivation. -38- . what if it were suspended 100 feet off the ground between to tall towers? With no safety net. It is also what you will continue to do unless you have a strong reason to do otherwise. That is why I spend so much time emphasising the dream and the goals. How about if it were raised a foot (30cm) off the ground? No problem.
and then be hit by a bus as you cross the road tomorrow.Written down your Goals Step 3 .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. very shaken. In fact. In the face of all this uncertainty. So far you have: Step 1 . You already know that life holds no guarantees.and wasted years in the process! But back to business. So. You will survive.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why. If you don’t. This is your action plan. or there is another great depression like in the 30's (actually. even as I am writing this I have just leant that my sister has flipped her car over. Believe me I know it . So now it is simply a question of finding the right tools to plug those holes.Developed your Dream Step 2 . or. or your loving partner might develop leukemia. unique.see Rich Dad's Prophecy). which is to develop your action plan for prosperity. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. as it is only when you have this kind of confidence that you can safely embark on Step 6. 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.. then prosperity. With this you can have the confidence that whatever life does through at you. purpose in life Step 4 . when the going gets tough.I’ve been there and done it countless times myself . The first stage is this week Step 5 of the plan. First security. you need: -39- . But the car is a write-off. You do not need to take excessive risks to become free. and the second stage is Step 6. this is quite likely as we are well overdue for it . Walk. You just never know what is around the corner. You might do everything right. Fortunately she is unhurt. From Step 4 you will have already identified the holes in your security. you will quit. I am sure.Developed your own.to develop your plan for security. then run. then you can attach the outboard engine to it. what can you do to protect yourself? That is the goal of this week . you will do okay. although. This is important.. Once you boat is watertight. It will be done in two stages.
There are basically two types. Term insurance basically says this: “If you die at any time in the next 10. You can either buy a printed one from a stationers. In addition. So how do you do that? These days you can either do it yourself or get a lawyer to do it. if by then we have made enough profit on the investments. In the old days whole life insurance was very common and probably worked quite well. We will invest this money (usually in the stock market or in bonds).7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. If you are in the UK. If you have no dependents (e. so don’t put it off another day. You will need to get a write-yourself-a will kit. you are still a single student) or you are already financially independent then you can miss this out. or you can use a computer program that guides you through the process and then prints out your will at the end.99: It really is easy.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. then we will also pay you a performance bonus of Z. Often the process can take a long time. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. Everyone else needs life insurance. whichever comes sooner. 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. try this one.g. ” So term insurance is pure insurance that protects you in case of the unexpected. then we will pay you a cash settlement dependent on the value of the investments. 25. the insurance kicks in and they pay you the guaranteed minimum. and look after your own investments for your retirement. If you die sooner than expected.normally to your nearest kin. When (not if) you die. the do-it-yourself route works perfectly well and is a lot cheaper. Without a will your possessions will be disposed of according to the prevailing law of the land . 2) Life insurance. we will then pay out to your estate the minimum sum of X. Whole life is a combination of insurance plus savings/investment. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. Unless your affairs are very complicated. it is only £9. No will is bad news write one now. You also have no option for any kind of tax planning. -40- . If you live longer than that.
whether your partner will go back to work. What if you are severely incapacitated and unable to make decisions for yourself. Standard Life is perhaps the most solid of them all. Don’t scrimp . Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. you need it.go for rock solid.asp US: http://www. if not permanently are. and for how long? You need to work out how much your family are going to need to live on if they no longer have you to bring home the bacon. you need to review it every time your circumstance change .000 in taxes.especially if you have more children! Once you are rich you can cancel the policy.co. 3) Inheritance planning.000 (which is not a lot if your mortgage is paid off!). Until then. You need to be thinking about setting up a power of attorney and perhaps a living will. statistically. in 20 or 30 years time. ready to pay out. You want that company to still be there. see a specialist tax adviser. but also that due to your aging. so get a good one. once your insurance is in place. not a hard sell for one company! Or go for one of the online quote brokers. the more expensive the premiums as they have to cover not just the increased risk due to time. If it is more complicated than that. Check them out first. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. for the UK: http://www. That does it for death planning.com Then. When choosing an insurance company . This is particularly true for occupations that require manual work or mobility. horrendously high.uk/main/index. This is not about getting the cheapest deal.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. Your independent financial adviser can help.quotelinedirect.his £200 fee could save your tens of thousands. eg.insure. Obviously the longer the term. and what your expenses will be down the road (for example will the mortgage be paid off). You need independent advice. In Britain you have to pay 40% on everything over £250. If you have any decent Net Worth you need to take some advice on how to minimise death duties. -41- . and add in a factor for inflation. 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. But with simple planning you could easily save yourself over £50. How long do you need it for? You will need to consider the age of your children. This is about getting the safest deal.
c) If there are a lot of credit card debts. then start on the next debt . including mortgage. then go without whatever it is you were trying to buy. If you choose to. and then put everything else towards the credit cards. And ALWAYS paying off at least as much as you wrote down in b). exactly as much as you wrote down in b). h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. You will probably find that by doing so your mortgage will be gone in just a few years. without any increase in your income.msn. CLOSE the old accounts. see if you can repeat step c).com/content/Retirementandwills/Planyourestate/P34945. in just 7 years. you can probably pay off your entire debt.asp To protect yourself you need: Step 5 1) Cash in the bank. g) Eventually you will be left with just the mortgage. or you will end up in even worse debt. if you are deep in debt. Start putting some regular savings aside into a high interest savings account. but applies more or less everywhere): moneycentral. 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. Hopefully you will have paid it all off before they start charging you interest again.always working from highest interest down. It is crucial that you still pay off. f) Once the credit cards are paid off.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. your monthly repayments will be less. If not. By doing this your credit card balance will rapidly reduce.then you can either negotiate a special price for paying cash. If you have no cash. Pay cash instead. Once you have done this. if you -42- . This is vital. each month. You don’t need it. Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4). e) Because you have transferred your balance to a new. Seriously. Ideally you want to have enough money set aside to live on for 3 months. However. b) Write down how much you are paying each month in debt servicing. Renegotiate this so that each month you are paying back the sum in b). save up for it . then your first priority is to pay off the debt. account. no interest. Pay the minimum on all your other debts. 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). d) Now tear up your new credit card.
7 Steps to Freedom by Noel Swanson want everything NOW. depending on how secure your job is! So. This comes in two varieties: One pays off your mortgage if you die. you get nothing. period (anything from 2 weeks to 6 months) we will pay nothing. lower paid job. Check it out. in a high risk job. We will pay this until you are back to work. again.simply because they have to pay out so often. we will then pay out the following: “For the first. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package.” This type of insurance is. to summarise. It seems cheap. but is actually relatively expensive considering how limited the coverage is. rather than to your old profession. Step 5 2) Income protection or disability insurance (goes by different names). Might be worth considering. 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). You may also be offered mortgage protection insurance. if you are old. If you are off work with the wrong illness. This again seems cheap. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. you will need someone who is independent to guide you through it. Cheaper. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . or have various risk factors. The other variety protects you in case of unemployment. There are very many different types available so. The amount we pay out may or may not be linked to inflation. Unless you pay extra premiums. If you become ill or injured and are unable to work. Avoid pure accident coverage. or until a certain age (normally retirement age). very expensive . waiting. then we could insist that you go back to an easier. unfortunately. This says: “Pay us a regular monthly premium. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. After that we will pay out X per month. but is usually more expensive than plain ordinary term insurance. but less useful are various types of critical illness or accident insurances. Get the latter. We will not cover you for any illnesses or disabilities that you already have.
http://www.html This will redirect you to will-writing software that costs only £9. 6) Put some regular savings aside as an income cushion.uk/main/index. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www.. although from a US perspective. -44- .smartmoney.7 Steps to Freedom by Noel Swanson Step 5 3) Review your disability/income protection insurance 4) Do some inheritance tax planning 5) Pay of your debts and put some regular savings aside as an income cushion.99 http://www.co.com/planning/home.msn. We will continue Step 5 next week.quotelinedirect.asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus. advice on estate planning and insurance. They have useful worksheets to help you calculate how much insurance you need.com/ukwills..com/estate/ http://moneycentral. free.asp Both of these offer good.7stepstofreedom.
not created in a laboratory. and why. to a large extent. none of these are present in the artificially products. fortunately. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. this week we will prepare to avoid the worst. Last week we were preparing for the worst.and it costs you money while it does this to you! Look. we can be a bit more up-beat. 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. I strongly recommend the book Health Defence by Dr. help is at hand. Furthermore. R.what they do. So. your fitness. I know it is difficult to stop. You have probably tried a dozen times and failed. Naturally this will take some time. there are probably a whole host of other vitamins etc.Live for Success! L ast week you started to put into place your plan for security. At the same time. Make sure you get the best . in the herbs that so far we know nothing about. Go back to “Step 4 continued”.found in fresh fruit and vegetables. .it ruins your health. This week. -45- . what you need.Step 5 cont. Furthermore. Mostly we dealt with the unpleasant realities of death and incapacity. On there you will see some questions that you answered either “yes” or “no”. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. STOP SMOKING! You know it is crazy to carry on . Clayton for a proper. very readable but very well researched account of nutritional supplements . you will never achieve it. Get it. your good looks. Naturally. it is becoming clear that the effects of aging are. This really is very simple. so put it onto your Midas Method goals and get going: Here is some help: 1. your taste buds. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones. Indeed. Click here and take a look a GUARANTEED way to quit smoking. The goal is to remove all the things that are blocking your flow. But don’t go for any old supplements. Modern food is desperately short of good nutrients. your sex life . This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants . due to oxidative damage. 2) Get a low-fat cookbook and experiment with some of the recipes .produced from pure organically grown herbs and vegetables.you will find they taste just as good as the high fat junk you are used to! Also think about adding some quality supplements to your diet. but if you never start.
doctor. and the rest. There has been some very interesting research about the effects of first impressions. They first dressed them in rough. Here are just a few ideas: mountain biking. With this programme you really have no excuses. go and do it. and then go along to watch or ask questions. In one. If you need to forgive. None of the businesses recognised them. squash. 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. How you dress does affect how people treat you. If you have not used it in 2 years . and find a whole new dimension to life. If you really (and I mean really) cannot find the time to do this. 6) Clean out the garage and basement. 7) Make a decision to start dressing for success. go and do it . not them! Over the years. If you need to apologise to someone. and optometrist/opthalmologist for your screening checks. It affects their self-worth and -46- . plus the greater respect from those around you. Nearly all off them treated them with much more respect and attention. 90% of people are trapped by their thoughts. both as a psychiatrist and as a businessman. windsurfing. ice hockey. hill walking and rambling. smart clothes. The restaurant that was “fully booked” now suddenly had a table free. they took some volunteers. You will meet new friends. climbing.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . then take a look at Get Fit While You Sit. Then they dressed them in quality. and maybe added some jewellery. and alcohol. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. but when you start dressing smartly. marathon running. sailing. and what opportunities are open to you. badminton. They sent them out to the same places. you will start to feel better and more confident yourself. is in they way they think. canoeing (can be done on rivers. many more.it is only hurting you. did their hair up. netball. martial arts. lakes and the sea). This. The difference was unbelievable. 4) Cut down on caffeine. tennis. 5) Go and see your dentist. and many. archery. swimming.throw it or give it away! The same with all your junk in your bedroom and wardrobes. casual clothes and sent them out to a variety of high street stores and restaurants.it is much more fun to keep fit by doing a sport than by going to a gym. and there are so many to choose from! Ask at your local library for details of local clubs and courses. golf. football. it has become absolutely clear to me that the biggest difference between the rich. So why not use this to your advantage? Not only that. fencing.
To become wealthy. I was talking to a friend about this just yesterday. their interactions with friends. You have already started to change your thinking by reading my newsletter. take some parenting classes. go and do so now. Read some books. Do not miss the opportunity to do this course. Okay. review your goals. But that only touches the surface. and see you next week. We are done with the “boring” stuff. What are they and which are the best? Do your homework. stick to your priorities. On my website you will also find suggestions and help for other behavioural and learning difficulties. If you haven't. -47- . bosses and colleagues. and their bank balance. hire some extra tuition. What rarely gets talked about. and by reading books such as The Midas Method and Rich Dad. In this we will look at some of the money-making vehicles available to you. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together.. Next week we start Step 6. 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 so on are used by the powerful to herd the sheep in the directions they choose. fear. The GOOD CHILD Guide is an excellent. One of his comments was how much more confident I myself had become since joining the Inner Circle. place to start. It's a MUST if you want a life!" Kaz Lemmon. and what really traps people. take a look at a few of the hundreds of testimonials the course has received. even essential. you are going to have to invest something in your personal development.do what it takes to get it right. It certainly opened my eyes! In fact.7 Steps to Freedom by Noel Swanson Step 5 happiness. Tidworth 9) If you are having difficulties with your children’s behaviour or learning . is that way that tools such as guilt. powerful and free. there is the usual 100% money back guarantee.. Remember. their marriages and other romantic relationships. duty. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. And while you are there. Poor Dad. Don’t let your false pride prevent you from having a happy and successful family. so what have you got to lose? Or are you not serious about your future? "A brilliant course.
But don't bury your head in the sand.I should know. routine.000 per year. By the time we have finished you will have in place three plans. But make sure you are sitting down. The idea of this is that it is automatic. So while I am building my business. although the plan requires no thought or work. and sort it out. That would be $3. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work. The aim is to get as high a rate of interest as we can. So what would it be worth if you invested this amount. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. 10. life is uncertain. That is the purpose of the Plan for Comfort.step 7 coming up soon!). The plan for security was no. year after year. and requires no thought. even if all our attempts to be prosperous or even rich fail. then you have a big problem.000 savings per year. 15 or 20% return? Turn over to find out.. the house will just collapse . if you have not already done so. 2. (as I hope will be too . at 5. If that is your situation. If you are already over 45 then time is something you are running out of. just in case. your Plan for Comfort. 1. -48- . I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. But that’s what experience is all about. I am also making backup plans. But unless you lay the right foundations. You see.Your Plan for Comfort W elcome back! This week we really set the wheels in motion.. 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. It's goal is to provide us with a comfortable standard of living. Lets assume you are on a fairly average $30. this week we work on no. And make sure you teach your children to start theirs now too. Too many things are out of our control.. It is essential that you start this plan NOW. Now. Face the problem now.. what it does require is time.Step 6 .
290 23.554 9.136 385.954 65.312.005 100.074 4.723 27.098 35.554 45.620 99.320 2.137 10.563 2.221 51.406 21.334 126.115.000 1.510 168.605.623 28.782 45.843 223.088 763.957 13.430 448.980 6.161.000 3.475 24.308 37.497 59.080 34.720 116.701 878.621 86.169 379.011 267.426 25.338 45.152 188.256 1.644 100.687 13.000 3934 4131 45.479 15.451 115.000 5.147 329.150 6.781 5.000 4.695 436.448 43.554 153.655 287.221 4.184 3.569 45.812 52.363 462.000 5536 45.034 3.734 39.000 1.325 26.600 7.518 43.739 645.559 6.227 23.092 249.326 311.920 13.432 27.238 74.000 45000 45000 5813 6103 6409 6729 -49- .980 17.616 3.923 665908 3.009.000 4.392 1.172 134.317 104.431 4.752 91.020 21000 1.548 129.886 18.450 7.594 61.418 11.575 19.000 2.261 30.192 373.000 5% 150 308 473 647 829 3.104 330.613 114.287 774.525 56.104 19.499 174224 3.613 321.849 115.000 2940 45.568 80.940 78.748 29.832 2.747 204.051 15.139 55.458 9.000 3237 3399 45.090 95.000 3747 45.681 1.738 151.351 16.358 57.197 39816 3.069 128.750 9.490 174.926.623 107.415 7.322 86.000 45.432 22.846 3.657 42.930 10.869 185.397 74.213 1.748 46.796 61.177 7.738 44.868 139.930 13.754 247.647 30.062 361.497 75.972 71.321 224.147 25.067 1.817 2.344 929.494 1335718 20% 600 1.588 213.229 271.462 31.790 35.316 32.939 4.247 3.048 84.923 15.000 45.000 1.180 47.686 89.564 37.958 7.000 2388 39.555 131.952 299.687 82.021 45.116 537.654 30000 1.465 5.105 259.315 20.057 154.056 118.532 10.485 11.411 24.861 185.426 105.153 70.180 2.200 38.315 2.272 45.955 15.056 1.392 9.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.146 577.338.458 18.742 142.165 437981 15% 450 968 1.436 554.357 8.256 122.300 6.620 44.751 50.000 45.995 1.906 36.736 67.915 32.448 110.876 93.227 21.899 12. 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 15.865 62.195 29.468 664.221 24.000 4.575 20.329.000 5.649 502.577 17.925 92.533 12.968 398.514 139.911 70.581 141310 10% 300 630 993 1.887 33000 2131 36.774.775 217.066 49.741 164.371 74.539 3995447 18.
the Stock Market).000 down considerably. at 5% return. As a result. at under 15% interest you will never be able to retire. and you can see what your position is going to be when you are too old to work.e. than when you have run out of both money and time at 70. there are fewer and fewer young folk having to pay to support more and more of the old folk.4 times better off if you are earning 20% compared to 5%. In other words.but better to face it now. especially at low interest rates.take a look at your financial situation (from Step 3). what do you think will happen to the invesment markets? Yes . But don't forget safety as well.they will -50- . Notice three things: 1) The dramatic effect of a higher interest . 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).e. it would take you 50 years to build up to a yearly profit of over $30. So . my pension or the government will look after me". 2) The effect of time . or property).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. with the bulk of them retiring between 2015 and 2020. So how does that work? Not only that.5-fold increase over 25 years ($1.000). but if all these retirees are taking money out of the investment markets in order to live. 3) At 15% you can retire (i.e. "that's okay. out of savings (probably also the Stock Market. as every percentage point makes a huge difference over time.it takes a long time for the profits to build up. yet a whopping 14. health care). Moral: you must go for the very highest rate you can get. At that point. In fact. we are putting in $3.000+) after 18 years. even putting aside $3. i. I am sorry . Now before you say. a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years. And if that has almost caused you a heart attack. instead of putting money into savings and into taxes. At the same time the younger generation will still be putting money into those things.000 a year for 30 years. profit is the profit earned that year.6m v. and out of the government (state pensions.000 a year for the first 15 years). consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. live of your passive earnings of $30. The problem is that there are ever more elderly people.000. Especially since inflation will have watered even that $30. they are going to start to take money out out of their pensions (i. map onto that your current age. $110.after 10 years you are almost 2. and they are living ever longer.
000 and no further contributions. we have put in a total contribution of $45.7 Steps to Freedom by Noel Swanson Step 6 go down in value. That is why we all need a Plan for Comfort. But if the wind and the storms come (as they might). To work it needs the maximum amount of time.your secure foundation will ensure that you don't get washed away with it. given all this. The other main option is to invest in residential property (e. nor am I.g. on top of all this is the rising cost of medical care. you would have $330. even if all else fails. Caused not by fear or panic (although both will be there in abundance). For example. and your house comes tumbling down .000. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. less children to support them. At year 20. Why? Because time is working for you. I -51- . what do you think will happen to your pension???? Are you happy to rely on it? No. So where do you get a good consistent high rate of return? At present. Confidence is knowing what you will do if it doesn’t". low risk strategy. houses to let). So. However. Then. but simply by the weight of demographics . Net effect: Stock market crash. 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. Who will pay for this? To meet all these expenses. the government will have to put taxes up. will leave to go to countries with lower taxes. It is supposed to enable us to survive. But rising taxes means that those with wealth. at 15% interest. the best bet is still the Stock Market. The result is a business depression which. plus that fact that the elderly consume the most medical care. And we need to start it now. Your Plan for Security (step 5) is the bedrock for your confidence. in turn. And when the young folk see the market going down rather than up. Someone once told me that "Optimism is believing the best will happen. And it also needs as much pump-priming money as you can put into it. Steps 5 and 6 are about building confidence. in the above chart. Your Plan for Comfort (this week) is the foundation you build on that rock. what will they do? You got it . leads to less taxes actually paid. You could get the same result by starting with a lump sum of just $23.they will take their money out for safety. and those that run businesses.more old people. The Plan for Comfort is supposed to be a conservative.000 spaced out over 15 years. and are thus the most expensive to look after. Despite the bear market we have had over the past 2 years.
over the long haul. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now.. saying "I will start next year when I have a bit more money". Until we hit the next depression. Put that regular amount of savings away month after month after month. Do NOT put it off. that is so hard!!!! I want to do it my way. you need to develop your plan. You will find a way. fine! But if not. No matter how boring a 10-20% return seems. Whichever you choose. if your business takes off and you make your millions quicker than this. TODAY. anything with a bit of spice (and risk) to it. a system. If you put it off another year. Sure. But. just keep plodding away.. or buy options on oil. using a mortgage to multiply your investment. The trouble is. Houses have gone up in value (like shares) for the past 40 years. Hungary and Czech Republic) are prime examples.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. property markets to find some real bargains. Wait until the crash and then buy as many houses as you can.e. Maybe more. I want to chase the latest "Hot Stock" that is all set to double over the next six months. If they continue to go up you can. the system is just that. you will be another year older before you get to enjoy the profits. emerging. gosh. 10-20% interest year after year. If you set it up right. You could stop smoking for example (I told you I would keep nagging you!) You will -52- . you will find yourself very rapidly bankrupt. become very wealthy by investing in them. The new entrants to the European Union (e. on average. the effect is the same. Start today. So take care. the system says buy these. and stick to it. like glue. every month. sit on them. you can develop a system that could pay you.. or. You see. or speculate on gold or currencies. and your profits. sit on them. So. sit on them. But if property prices should go down (as they did by 80% in Japan during the 90's). Some years are way better. But. others rather flat. now sell them and buy these. I promise. as whatever goes in there never comes out again. the plans for security and comfort are boring.. And sit on them.. in real life it is never are smooth and regular as that. No. And there is no great excitement in putting aside. of course. BUT. sit on them. the reason you make so much money is because of leverage i. what do we learn from this? 1) Get your comfortable plan in place. There is no excitement in paying the insurance companies their monthly dues. Or look to new.g.the "bottomless pit" my mother calls it. How will you manage without the money? You will. and STICK TO IT. But no. I mean. All I have to do is to follow the rules and do what it says. our regular savings into the "system" . indeed. at least you have a back up plan. Set up a standing order so it happens automatically.
2) Do not. your boring. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free. over time. Won’t be much at first. Keep your eyes open. Using the table above.at least until your yearly profits are double what you want to comfortably live on.and it can come from all sorts of unexpected directions. build up to your retirement fund . however. the lower the risk of being destitute when you are old. of course. 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. But if adversity comes you way .7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact.unless. you will be very glad that you took my advice! Tax . I must emphasise that you must do this. and you could get an average 15% return.the hole in your bucket The biggest hindrance to growing your wealth is tax. Read that last paragraph again. Do not put it off any longer. How to earn up to 20% on your investments Want to know how to do it? Okay. it will work even if you are doing the boring plan for comfort. That is optimism speaking. The goal this week is to put together the nuts and bolts of your plan for comfort namely. Once again.000 a year. 4) Keep your eye on the (financial) weather. see if you can guess how much a packet a day is worth over 10 years. When you see the storm clouds gathering. you could retire in year 18. under any circumstances whatever. Keep learning. monthly savings that will. not confidence. run for cover before the heavens open and it all comes crashing down. but start the habit and it soon will be. if you were still living on $30. Keep reading. It really is like a hole in your -53- . your Plan for Prosperity gets you there quicker. Whatever goes in. Imagine if you HAD started when you were 15? Just 10% of your income. take anything out of your comfortable plan . Then have a look here to see how close (or not) your guess was. lets go. Are you getting it yet? Put the money in. That is the only way the compounding can work. The more you develop your financial intelligence. 3) Teach your kids. That is why it was called the Bottomless Pit. stays in. and don't take it out. Now read it again. If your plan for prosperity does work. and I hope it does. regular.
People who run or control large businesses. the drawback is that when you come to take your money out. and can be withdrawn tax-free without penalty.perhaps. . It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in.after-tax savings: You put your normal. Most countries have them and they are normally of two types: Type 1 . Suppose the tax rate is 30%. so if you have any doubts about what you are doing. But right now we are developing your safety net. leaving you with $70 in your hand. you then have to pay tax on it at the prevailing income tax rates. This is the system used in Britain (ISA's) and the USA (Roth IRA). Furthermore. But suppose the storm clouds gather. so you pay $30 tax. You earn $100. Once in. after-tax money into the scheme. and a major stock market crash looks imminent. But. consult a suitably qualified professional.do not rely on my suggestions. They are suggestions only. You put that $70 into the scheme and claim back the $30. check out whatever government supported tax-efficient savings schemes there are.7 Steps to Freedom by Noel Swanson Step 6 bucket . If you took all the money out at that time (if. anything you do is at your own risk.no matter how are you work at filling up the bucket. I am sorry. Tax-efficient saving schemes First. The savings can then grow tax free. 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. at this time I do not know which system other countries use. Do your -54- . Type 2 .before-tax savings: You put your normal after-tax money into the scheme. you are allowed to). it just keeps leaking away. One of the most risky situations to be in is to have no control over what you can do. if you have decided to retire to a sunny Caribbean tax haven. This means that you can put more into your savings. and the rich. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). you would likely be hit with a tax bill at the highest rate of tax. Of course. So your $70 of savings has cost you only $40 out of your pocket. so we use what we can at this level. Then you reclaim the tax that you had paid on that money. these suggestions apply to middle class people who are either employed or self-employed. you could inform me? Both types will have rules about how much money you can put in each year. So you have to be smart and tax efficient in how you set up your savings plan. So be careful. but remember. I am not an accountant or tax advisor . have many more tax advantages they can use. the money can grow tax free. indeed. I am going to give you some suggestions to think about.
after all. The way around this is to have a holding company that in turn owns.7 Steps to Freedom by Noel Swanson Step 6 research. from vindictive ex-spouses. and be safe from any personal disasters you might face. This is your security blanket. it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. that it is a lifeboat in case everything else goes wrong. But be careful. so make sure that wherever you put your money. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. That is to be avoided at all costs.so it obviously works. it is safe. if appropriate. set up your monthly standing order and standing instructions. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. and from personal bankruptcy and disaster by using carefully constructed Trusts.sign up for one. over all. use them to their maximum. these schemes are a must . If the savings are still owned by the same company as your business. so make it safe! Having said that . If the business goes down. But this is what the rich do . as a subsidiary. is to get you money into a place where it can grow tax free. you may find that you can protect your assets from the tax man. RRSP.you need to get started NOW. This is very specialised so you must get advice. Using Trusts If you have a lot of money. 401(k) etc) 2) Then think about the other ideas. Read Robert Kiyosaki's books for more information about how this can benefit you. I will tell you in a minute what you are looking for from them. Using Corporations If you are self-employed. Roth Ira. and forget about it (see below). you may find that it is better to leave your savings in the company than to withdraw them. know their limitations and. the company that runs your business. or running a business. they are at risk should your business go under. Then pass the profits up to the holding company for safe keeping. If you do have a company. and then seek professional advice. the holding company should still remain afloat. or are resident in more than one country. But get professional advice. and under your control. from inheritance tax. The whole point of a plan for comfort is. For the average person. Your goal. -55- .
no. which is very convenient. certificates of deposit. etc. The good news is that this allows you to participate in the stock market. monthly sum by standing order. Until the crash. Dow Jones.7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally. consistent results. you may have some phenomenal years. so will you. but on average you will do averagely . TSE 100.000 $20. which. So. You will still get excellent returns over the long haul. 401(k)). you will invest in an Investment Trust or Mutual Fund. here are the steps to take: 1) Find a good fund in which to invest. so will you.$20. to invest in individual stocks or shares. That means that if they do well. Allow you to automatically invest a regular. You will not get spectacular.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . and then let you participate in what they have done.000 $50. this is not bad. These are companies that buy stocks and shares in huge quantities. Yes. that is. Many of then will run their own scheme. The bad news is that most.$50. the next question is how much do you have to invest right now? There are three bands to think about: 0 . the S&P 500. or bonds (gilts in UK). yet. will almost certainly give you a better return than fixed interest savings like bank accounts. national savings certificate.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).000 . It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA. Instead. all fund managers have a follow-the-herd mentality. These are the indices that you hear quoted on the news. and if they do poorly. Don't worry.current investment of less than $20.000 You do not have enough. RRSP. You set -56- . T-bills. over time. How much do you have? Step 6 Okay.
try to resist the temptation to lower the amount. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income. you probably have too much to put straight into a tax-efficient scheme. never. Actually. 5) Readjust your expenses so that you can live within your means. not hot-shot flash in the pan. The company should have a proven. 3) Invest your initial lump sum in the scheme. If all else fails. Don't forget to see if you can use your children's allowances too. completely stop the monthly savings .and some more challenges. First of 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. never.000 At this level you have a bit more flexibility . there is a lot of sense in thinking about this: Many of them are not only tax -57- .current investment of $20. Then investigate the alternatives . So maximise the use of the ISA. You want solid consistency. and 10 years.they rarely perform well this year. RRSP.however little you are earning.$50. Above all. above average. This is how much the company charges you each year for running and administering your account for you. and they automatically invest it into the scheme. Management charges should be low (less than 1%). A real pain.000. track record. 2) Do the same for your partner. look for which company has been consistently at the top of the pile over 3.or that the charges go down to nil if you leave the money in for a few years. Commissions or other front or rear-end charges ("load") must be minimal. buying the shares or units at the prevailing price at the time. still put 10% aside. 5. Don't look for last year's stars . 401(k) etc. but the only alternative is to move to a lower tax country. never. you will just have to put it into an ordinary investment account and pay up the taxes when they are due. 6) Keep going until the total amount invested is worth over $20. move onto Plan B Plan B . and make sure that they are either nil . Instead.7 Steps to Freedom by Noel Swanson Step 6 up the order.000 . Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. Set it up so that it goes right after your pay arrives in the bank.using a company or trust. When that happens.
or whatever if you can).. Divide up the total amount that you have to invest. In England. many. 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. Yes. trust. TD are examples. Mutual Funds and Investment Trusts. You now have enough to begin investing in individual shares. I know its boring. and spread it evenly across the 10 shares that qualify. Why struggle to become a millionaire. Vanuatu. Scottrade. back to the plot. In fact.. Isle of Man.. 2) Invest the maximum amount you can into the scheme. but also they have lovely climates. www. and a very low cost of living. which is just what you want. The only thing that stops you is your fear. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow".uk run a self-directed Maxi ISA. These are known as discount brokers. Goa (India). or online. So for not a lot of money you can live like kings. There are now many. but it still -58- . and so on.sharepeople. You will earn a higher return than Plan A. If you can't . when you could move to one of these places and live like one right now? Anyway.. You are. Follow 0'Shaughnessy's instructions exactly . E*Trade. Normally you can do this by phone. 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. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. Philippines. fax. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. Just follow the instructions. Read it. looking for minimal set up and maintenance charges. All they will do is take your instructions and act on them.com for information on various expatriate havens around the world. So.co.escapeartist.then just invest in US shares (provided your scheme's rules allow it. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). Don't try to second-guess the market.it is very little work. Belize.but you don't want that anyway. Just do it. You are also looking for low trading costs (commission on buying and selling shares). Charles Schwab. They will not give you any advice about what to buy or sell . have a look at www. 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. again. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8). provided you can find the information you need. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company.. Take a look at the British Virgin Islands.7 Steps to Freedom by Noel Swanson Step 6 free.
probably the safest bet would be gold (if you want to read more about the likelihood of a depression.e. But be warned. long-term plan. the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy.they don't! Second. Plan C . But that would mean you have to get into the game of trying to predict the market. In fact. however. perhaps in 2004 or 2005).and don't let any fancy market analyst tell you that they have . I don't have a crystal ball . which defeats the object of having a mechanical plan. and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . read Financial Reckoning Day and Conquer the Crash). At this stage you can go for a full-blown diversified portfolio of 25 different shares. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week).but do you have a better plan? So how come your not already rich and free? -59- . But you must view this as a long term strategy of at least 10 years. put the money away each month and forget about it. however.4 of Plan B. In fact probably quite the opposite. Preferably 15 or 20. soon (i. That means that some years you may make a loss! Overall. just follow the rules. Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very. or the combination of the two). mechanical plan for comfort. We are probably even going to go into a depression as serious as the 1930's. very. and then tell you the market will crash? Tricky.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. sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. I. passive. Then move on to Plan C. So. Leaders with Lustre.current investment of more than $50. Hmm. you should make 18-19% return. But for your boring. it may well be a rocky ride for the next few years. And even cash might not be safe. First. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways. if I knew for sure the market would crash next year. I would tell you to keep your money in cash until then. Maybe you will over the short term. Follow steps 1 . no-brain.000 Now you are really rocking. But this is supposed to be a mechanical. just because the market has gone up for 40 years doesn't mean it will go up forever. On the other hand.000.e. and then invest after the crash (always the best time). and you may start panicking that you are losing instead of making money. Please note. that Reasonable Runaways has significant volatility. Any less and you could be in for a nasty shock if luck is against you.
but it will require more work. That is not the goal. and have a backup plan. this is all about getting your head straight. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. You can literally forget about them from year to year. before too long will probably start to take a more active interest in your plan. That might cost you big-time if. It won't make you rich. But none of this is applicable to your plan for comfort at this stage.you have to start pedalling the bicycle before you can start to steer it. Follow the instructions religiously. You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility. so stop worrying about it and go and get a life! All three of these plans require minimal work. There are NO guarantees in life. After the crash they will work again.thinking about it will only make you stressed. So. That is the goal. namely following the market each week according to some pre-defined rules. Okay there it is: now you need to go out and make it happen. Remember this is your long term back-up plan. Especially forget about it during the rest of the year . you will have learnt enough to be able to protect yourself from it. once the plan is up and running on autopilot. you are asleep and oblivious when the crash comes. get to work developing your financial intelligence.7 Steps to Freedom by Noel Swanson Step 6 As you can see. They will take a few days to set up. let me ask you one thing: Are you actually going to do it? Set -60- . The disadvantage is that they are completely mechanical and require no thought. In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. You can even learn to make money when the market is going down. See you next week for Step 7 . Don't wait to know more before you start . by the time the crash comes. This is your Plan for Comfort. and then you just forget about them from one year to the next. I am not your financial advisor. The will work excellently up until we have a major stock market crash. if you do devote yourself to developing your financial IQ. Then. as a result. Hopefully it will prevent you from being poor. The advantage of these systems is that they are completely mechanical and require no thought. Follow O'Shaughnessy's instructions exactly. In fact. Hopefully. So play for the long term. this is my suggestion (and it is a suggestion only. You can literally forget about them from year to year.Your Plan for Prosperity! STOP! Before you go. That is what this is all about. You are on your own and you have to figure it out yourself.
These are the best books I have ever read on how to invest (and I have read plenty).yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy. In fact. Essential Stock Market Books The plans described above are completely mechanical. I bet you don’t. They are absolutely essential reading. 15. -61- . Who wants to wait that long to make some decent money? But you know what? 10. I think you would be stupid to try to invest in the stock market (other than by a mechanical plan as above) without first reading them. If you are having any thoughts at all about playing the stock market in any way. it is probably better if you don't. 20 years. Beside you "can’t" spare the money right now. In fact. Two excellent books that have been widely read ... And when then do. by the way!). Want to read more about this principle? Get hold of The Wealthy Barber. I mean. Alexander Elder (another psychiatrist. 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. both by Dr. 15 and 20 years will pass.there always seem to be much better/easier ways of making money than putting 10% into savings each month. You need know nothing about the stock market to operate them successfully. you must first read Trading for a Living and Come Into My Trading Room.10. or The Richest Man in Babylon. And it takes so long. since you are then less likely to fiddle with them!.7 Steps to Freedom by Noel Swanson up your comfortable plan. Step 6 Do you know why I say that? Because it is so boring . do it now.
the vehicle you choose depends a lot on the destination you have in mind. But Dreams and Goals. and on your mission in life (Step 4. 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. and stops you getting side-tracked. If you do that. -62- . as many ways to reach your goals as there are people. A bicycle will get you to the nearest convenience store. at least. There are. act as a spur to find your own vehicle for success. Which will suit you will depend on your dreams. But you need a jet or a ship to take you to a different continent. Without the passion inspired by the dream. Over the last few weeks we have been planning for the worst. won’t get you there. If you don’t then living your life is rather like getting on a bus without first checking on where it is going.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. they do fall into a number of categories. Confidence? Your plans for Security and Comfort are about confidence. If the bus you are on breaks down. If you know where you want to go. but hopefully they will. This week we are going to look at some different vehicles that you can use to get to your goal. you won’t get on the bus that goes somewhere else. But note again. 2) They keep you motivated. some of which are a lot easier than others. remember?). you will do what it takes to either find a different bus.Step 7 . I will start with what I believe to be the very easiest ways to make money. and then work downwards. of course. Your Plan for Prosperity is about Optimism. This week we start to plan for the best. Perhaps none of these will suit you. in themselves. or find another means of transport. However. you would probably just sit down beside the road and hope that someone comes to rescue you. By now you will have (I hope) some clear dreams and goals. here it is: your Plan for Prosperity. Remember we talked about Optimism v. You need a vehicle.
is that it is so cheap to get started. you will have to provide a service to people. be induced to buy. Almost always their goal is to attract people to visit their website where they will.the majority of websites make no money. like newspapers. The greater the value of that service. So how do you make money on the internet? Essentially you have to do one or both of the following: a) sell a product or service b) sell advertising There is no other way. and the greater the number of people. here are my suggestions. direct mail. they might employ various search engine optimisation strategies. But if you get it right. 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. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . in order of preference: 1) The internet.and then find a way to be at the top of the list. in order to make money.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. and so quick to produce results. You don’t get rich working for other people . in turn. through which business can be conducted. if you are to be the one that makes the money from the service you provide. or Overture. however. It is just another medium. radio and TV. To do this they need to advertise. Both of these make it ideal for the keen and determined newbie.com -63- . But there are many ways of doing the above. you are going to have to run a business of some sort. the more money you will make. you can become very wealthy indeed. work hard. and persevere. To do this. They can only get customers by getting the word out and telling them about their products. The beauty about it. Except in very rare situations. People who are selling products or services need customers.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. In the end there is nothing special about the internet. But what is the truth? Well. Or they might buy their position through Google Ad-words. the reality is that it is like anything else .
if you want to make money from the web. Now. service. if the web pages get a lot of traffic themselves. you will earn a 40%. -64- . These sales people are called affiliates or associates.50% commission. Like mine. Here are some ideas to get you started: 1) Join an affiliate program . and some other excellent affiliate programs). they will want to sell to that same customer again and again. you would be wise to invest some money on further training and education. 7) Sell the product by auction using Ebay or similar. most will provide regular emails. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. 3) Send out regular email newsletters to people who have expressed an interest in their product.such as my own (click here for more details about my own. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. for example. if they then become affiliates themselves. or as someone who provides services or products to assist in the above process. With my program. way to start making money on the web. or company. They will normally do this by repeated e-mailings to their client base. But that is only worth doing. But again. free ebooks and other tips and tools to get you up and earning money as quickly as possible. and then pay them a commission for each sale. there is a host of ways in which you can get involved in the above list . 5) Recruit other people to sell on their behalf.either as a seller of a product yourself. every time someone buys something as a result. Better still. 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.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages. Then. Joining an affiliate program is probably the easiest. if you don't want to waste a lot of time and really want to make the big time. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. You can get started with absolutely no capital. and certainly the cheapest. once they have successfully sold to a customer.
plus the fact that they walk you through every step of building a successful content-rich site. Again.so make your site interesting . Take a look at anonemailer. or suggest products from which you will earn a commission as an affiliate. ice skating. But the bottom line is that you need lots of people to show these ads to. 2) Develop your own mailing list of opt-in subscribers. by providing some kind of free service.this could be the number of visitors to your site. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. the more money you can make by selling advertising on your website. However. movies. that attracts many visitors. if you are going to make some money .so I can highly recommend them from personal experience! Click here for more info.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. Note. But the more visitors you can get. skiing. pets. PPC: Pay per Click . "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. All of these work. How do you build a content-rich site? My recommendation is to go to Site Build It. etc. they will start to listen to. And you can get everything in-between . the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail.for example.on football. The great thing about Google's ad sense is that the adverts automatically customise -65- . At first sight this appears expensive. 3) Develop your own website. not a mini-site (more on those later).com for an example of a very simple site that attracts people for the free service. etc. when you work out the cost of all the services they provide. This is the affiliate model. but clearly have pros and cons. Commission: You get paid for each sale.you get paid for everytime someone clicks through on the ad. You get paid for the number of times the ad is shown . it was these tapes that got me started on my journey to internet profits . or the number of people in a mailing list. full of content. and how to avoid the common mistakes people make. it is money well spent. It can be about anything in the world. of course. One with a lot more content is. games. knitting. Yahoo. this is for building a contentrich site. In fact. At this point you can then sell advertising space in your newsletter. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. and trust. or better still. your advice and recommendations. This is the method used by Goodgle Ad-sense.
Business to Business . Have a read of this free ebook for more information about how to find and use niche markets. Essentially this falls into two types: B2C . e. I will be quick to point out that I have no personal experience of either of these. What are they? Well. a boat. search engine optimisation. graphic design. so cannot point you very far in the right direction.lest any of the internet gurus start accusing me of libel!). Obviously Money.g. they might be worth your consideration. and so there are huge industries trying to exploit these "niches". autoresponders. services or information to other businesses to help them to succeed. however.you sell a retail product or service that the ordinary man in the street wants for personal reasons . pneumatic drills. I know. tools. But. as a newbie. Each site might earn only $5 .7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. B2B . I am quoting silly examples. you need some tools. to find a niche that has a desperate need that is currently poorly met. if your morals and ethics permit you. or how to collect bird feathers.Business to Customer . One way of using this strategy is to put up hundreds of different mini-sites. whatever. pornography is the biggest.$10 a day.you sell component parts. Why? Because most people would be too embarrassed or ashamed to admit that they are involved in them in any way (and most of them are NOT involved . The good news (of course!) is that I have put just such a bundle together for you. how much would that earn you? To do this quickly. 5) Not for the faint hearted. skips. The key to both of these is to find a niche. There are two other businesses that earn people huge amounts of money. a newsletter. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service. Even better. tools that help automation. But if you had a hundred. a car. Be aware. Sex. 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. But the point is that there are countless tiny markets waiting to be filled. hairspray. etc. yet are rarely talked about in internet marketing circles. each focussed on one niche product. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well. and Health are major needs that everyone has. But. and online gambling is a close second.it might be a novel. or how to be a better transvestite. -66- . Examples include: accounting services. you would be far better off looking for small niche markets like teaching your parrot to sing.
Click here for information on starting an online casino. probably most importantly. which might cost you $100 .7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. so it is ideal for starting alongside your regular day job. or you will have to pay for it. persistence and. If you want good quality information then you will either have to pay for it. once again. very. If you are really serious. Oh. you can fit it around your normal daily schedule. you can quickly find a lot of information. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. There is a very true maxim about information. of course!): If it is bad advice. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. So be very careful about what you go for. 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. I do have something that could get you started. And do stay on the right side of the law. How long it takes you depends on your determination. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. In other words. different from mainstream marketing. especially on the web: Information can be: Free Quick Good but rarely all three. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. or you will have to spend long hours hunting for it (and remember. So. but either it will be of poor quality. do your homework before you dive in. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook.$3000. time is money). or sets you off in the wrong direction. okay then. than to try to do it on the cheap by -67- . your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. That in itself is a problem as you just don’t know where to start. then you are probably well advised to buy a full package of advice and tools.
So check things out. At an auction you can easily end up paying MORE than the property is worth. If it pays less than this. for example. -68- . repossessions. Sooner or later. and is able and willing to share it. you don’t need anything else to get going and to become successful) So. Ideally you want to find properties that are being sold in distress . Check the location. If you rent out. It is not difficult to buy properties for no money down. how do you get it right in real estate? Do the sums.the Golden Mailbox. 2) Investing in real estate. So. but once you have it. you are going to be involved in real estate deals. Obviously this eliminates most of the risk. So if you get it wrong it can be a slow and very painful death.99 or whatever. location. then you would be better off just investing the money in the bank. so don’t be afraid to buy their expertise. that are in an area that is clearly on the way up. Also go and visit Frank Garon and Lee Benson. Auctions are a good place to look. or else rent out. then you might have to pay out money if you want to sell it. has been there. again. for example. is not a hamburger business. if you make any money. where do you start? My recommendation is to go to someone who knows what he is talking about. The resources I have recommended above are invaluable. Then you need to either renovate and sell at a profit. location. These guys are the very best. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium. will cost you some pennies. It is a real estate business that uses hamburgers as its tool. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. Get them. (Actually.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9.e. Carry out your due diligence.g. McDonald’s. This means you can buy them below market value. 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. the same applies for every other business . done it. 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). But be careful.
In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties .e. Start with Robert Allen's book. The average length of a property bull market is 7 years. Look at lots of properties before committing to buy . First do the preparation. legal fees. This one has been going on for 10 years or more. not just how to sell to other people!). Remember luck = opportunity + preparation. renovations. how to survey a property for yourself. In Japan property prices have gone down by 80%. However.. That will be the time to buy. What is more. not now. At some point there will be a correction.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process. taxes. you are probably going to want to have a portfolio of income producing properties. Also look here for ideas on how to buy with no-moneydown.the buying costs. You also need to supplement that with learning about how to invest for yourself (i. The best way of all would be to get a job as a real estate agent.it is a great time to be an agent. Stay out of a deal until you are confident (i. landlord-tenant laws. Learn about financing deals. You should do these calculations with your -69- . allowance for vacancy rates. this in itself will not be enough. Do not try to jump into this as an amateur. A good one will prompt you for all the important figures.you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers. and even the selling costs. Just one point of warning. Also is is probably not a good time to get on board as an investor. taxation. here are my recommendations: Take the time to learn the business. You have to do your research. But it is not enough if you are about to invest thousands of hard earned dollars. broker's commission. Don’t be just optimistic. And then they wonder why their "perfect investment" is eating them alive! Clearly. to retire. etc. you have a plan for if it all goes wrong).e. Ultimately. perhaps a major one. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . and then calculate your projected profits or losses. That is not true.providing you with a very comfortable passive income.. So do your research and studying now so that you are ready to go when the opportunities strike. That means two things . A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. Don’t be reckless. one absolutely essential tool that you need for this is a Real Estate Profit Calculator. So. if this takes your fancy. People say that property will always go up. At the moment (2004) we are in a property boom. as more sales means more commission. therefore. local planning permission rules. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. you have to do it accurately.
You will have to be confident of what you know.and you would receive this percentage year after year. Only when you have done all of that. making this kind of money should be easy. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose. 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 . Similarly. Clearly you will have to do some studying first. You can get your profit calculator from here. depending on the size of deals you area wanting to start off with. Although you can do no-money down deals. As you can see. and only earn later. you know of an excellent restaurant. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). your capital requirement for this is very low. if you can become an expert on marketing. Then you might have to do some jobs completely free of charge. Don't try to do real estate investing without it. However. but it demonstrates the principle.7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. and you would have to protect your interests in setting it up. You will need to be an analytical and creative thinker. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen.g. one-off fee. so once you know your stuff. if you take your lady to a restaurant for a special occasion. most ordinary companies are absolutely dreadful at marketing. realistically you are going to need a bit of capital to get started in this. Now.yet offers to you enormous leverage if you can get it right. for example. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. and confident at approaching people and selling your proposal to them. -70- . All I ask is that if I earn for you a $1 that you would not otherwise have earned. (But then that is true of every business.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. Obviously this is a very small example. Far better than just charging an upfront. And you also know of an excellent flower shop. I will even design specific campaigns. this proposition carries no risk to the company . I will do all of this entirely at my own expense at no upfront cost.) Apart from your initial learning costs. that you will give back to me just 25c. can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile. And you will have to be prepared to work first.
Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . It can be started on a shoestring. and has low risk. more distant market. Remember that most people are NOT on the internet. That means you can run it in your spare time. often in a very short time. has been used by countless people to haul them out of servitude and into the ranks of the wealthy. In fact. information are ideal.bringing your online business to the huge offline market. and bringing your offline local business to a much wider. it can very effectively enhance both of these . you need not have any contact with anyone if you so choose. Indeed. naturally. It is not a people business. you are pretty much on your own with this one . 4) Direct Mail and Mail Order My next recommendation is a home based business. The principles and techniques of direct mail are also invaluable for both a conventional offline business. tell you exactly what to do and how to do it.you can get started for under $1000 and build it up from there. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. allows you to multiply your efforts for maximum profits. Who does it suit? Once again. -71- . and for an internet business. It is a very easy business to run. Both have made millions from the business so can. i. and do. It is very time efficient and. However. Click here for more details. if you follow them then you can achieve your dreams.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. again. and I will point you in the right direction. again. You can create these: ink and paper. this one can work for pretty well anyone. until it provides enough for you to retire. unlike the first business. exactly how you are going to run it. The principles are very easily learnt and.by that I mean you have to work out for yourself.e. as it is all done from a distance. then you can grow it much faster (which is true for pretty well any business). Or you can buy them wholesale. and requires no technical ability. so there is a huge market offline for the same information that is selling online. It does also require you to come up with some products to sell. Why have I put this in the number 4 slot? Because it has unlimited upside (Ted Nicholas made over $200 million off just one product!) Requires minimal time. but if you can put more money into it. (But then that applies to just about every other business I can think of!) Risk is low . alongside your day job.
provided you can build a large team. Works great for the sales agents (that's you) also . and done diligently. In case you are not familiar with it. The internet has. 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. In pre-internet days. may live in any country around the globe. goes not just on selling products. but well established type of home based business Network Marketing. like a subscription. 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. Now. This is identical to an affiliate program. Done.they just pay on results. but also on recruiting more people to sell products as part of your team.7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. think again! Network marketing (also known as muli-level marketing. therefore. or selling by direct mail. as with everything else. There is no question that done right. they decide to use sales people who are paid strictly on commission. except that it goes several layers deep instead of just two.and the people they recruit . MLM) has come a long way over the past 30 years. this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. Now your prospects. The business model is very sound. and good at motivating people.like soap or vitamins) that it wants to sell. is that the majority of people who get into it never make a dime. changed all of that. On the other hand.and further on. to be honest. And you can grow your team much faster than every before. or a consumable that is used daily . down through many levels (hence MLM). MLM can bring you a very substantial passive income. Rather than opening up an expensive store. of course. You -72- . right. The emphasis. and you can have hundreds of people out there selling stuff .and you get a small commission on every item they sell! Works great for the company . But still you need to be good at communicating. the concept is simple: The company produces a product (ideally one that has repeat customers. and your team. the reality.
Next week we will look at some other ways to make money. a great product (that you would use yourself) and. perhaps most importantly. check these five out carefully. that they provide a lot of training and support to help you become successful. And you will have to love talking to people. You don’t have to be a genius. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. a lot of money. Then all you need to add is your own enthusiasm and determination. you will have saved yourself a lot of time. -73- . This will absolutely get you off to the very best start. For all of them you will need commitment. frustration and disappointment. My guess is that one or other of these is just what you need. Click here for more info. None of them are a free ticket on the gravy train. are the easiest and most reliable for the ordinary person to get into. after listening. right?). Are there other ways of making big money? Of course there are. Or. I believe. do not waste time and money fumbling around trying to find a decent program. Quitters never win and winners never quit. nor do any of them guarantee success (which is why you are still working on your plan for comfort. Either way. But these five. Make sure they have a strong and reliable history. so you should know about them and consider them. Hang in there and just keep working the system. Want to know how to get started? Whatever you do. You just have to want your dreams badly enough. You will also have times of deep despair. when you wonder if it is ever going to work. and a lot of grief. Some have been around for decades. you may decide that MLM is not for you. personally. Others sprang up last month. Different things suit different people. determination and perseverance. Be wise and get the knowledge first. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. you will experience times of excitement and exhilaration as you see your dreams getting closer.7 Steps to Freedom by Noel Swanson will still need to use the phone. Be very careful which programs you join. In the meantime. When you embark on them. makes half his income from his MLM team.
personally. no matter how much you charge. But the key to making big money in this is in the way that you do it. can fit into a week. Now. After that he then starts a completely different business and becomes a multi-millionaire. So that value -74- . Are you an expert at what you do? Have you been working at a high level in a traditional big business . This week we examine some more ways of making money.perhaps as a senior technical advisor.and both can be cured! Keep reading.? If so. The difference between the rich and the rest is not their special skills. The business then fails and he goes bankrupt. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. Also. if they suit you better. Why does all that happen? He makes his first fortune because he is able to see the opportunities. He learns from his mistakes.More Paths to Wealth A re you starting to get excited about the possibilities? There is more than enough money in this world for you. then go for them! 1). and all your friends to become fabulously wealthy. and the more you raise your financial IQ. once you stop working. Once again. provided you are willing to learn from them. Keep listening to tapes. me. otherwise they would not think of hiring you. or marketing director. you are still limited by the amount of work you. nor luck . Here is a common scenario: A young entrepreneur develops a new business and becomes a millionaire.Step 7 cont. the goal is to leverage your time and expertise so that they work for you. Instead. Mistakes are not bad. The only thing that stops you is your fears and your ignorance . then you might be able to branch out as a freelance consultant. . He loses the fortune because he lacks the financial intelligence to safely manage his success. or else they require much higher levels of start-up capital or specialist expertise. and only 25% in the vehicle or tool you use to achieve it. But still. If you do that. or senior manager.it is the way they think. These are either much harder and more risky than my top five. the more opportunities you will see. What you do not want to do is to offer your expertise as a flat fee or a fee per hour. Consulting. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. nor their better intelligence. your income also stops. you may have thought of this before. etc. Success is 75% in the brain. The more you develop as a person.
2) Investing. that is fine .each month. To be consistently profitable. as you develop your wealth through other means. or else decreased expenses for them. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market. You will also find invaluable help from the tapes by Nightingale-Conant. To do this you will need some training in marketing yourself. it can certainly be the means to maintain and even multiply your wealth. It is expensive.7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. However. you need to have a very disciplined system. So how do you make money on it? Two things: knowledge. that ordinary people can use. I consider the number 1 most essential books to be those by Dr.then you receive a percentage . But you have to stick to them over the long term.and indeed the average "expert" is losing money. don’t listen to your stock broker . How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. we have already talked about using the Stock Market for your Plan for Comfort. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. Once again. then they pay nothing. 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. it is unlikely to be the means by which you achieve rapid wealth. Either way. That is so important. Whatever you do. down. or sideways. In other words you work just like the lawyers do with their contingency fees . but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham. he lost money too! Ultimately. -75- . don't stop doing that! If you choose to take up investing as your Plan for Prosperity. year. Return of investment comes before return on investment! As I have said before. as you become wealthy. Start to develop your investing knowledge. or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. Then start trading with a "virtual portfolio" before you put any real money into it. Over the past 3 years the stock market has been going up and down like a jack-in-the-box. But if you can improve their bollom line . But unless you are very clever. the key to building wealth is first to not lose it! As Robert Kiyosaki says. There are systems that work. But the sophisticated investor is making money. It is very easy to get burnt. Now.remember. and in negotiating. or of the amount your expertise is saving them. and a system. The average man in the street . Whatever you do. Remember.if your consulting brings them no benefit.as long as you also continue the boring Plan for Comfort. you will be developing an investment portfolio. risk has to do with ignorance.
But rather than risking your own money on it. and all you have to do is copy it. But there are much smaller franchises also.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. which is all handled centrally. Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. however. my assessment is: high cost to get into. There are.even to McDonald's) 5) Traditional Businesses. two problems: First.but then the whole idea is that you are trusting them to do it right. McDonald’s is the example everyone knows about. Be careful with the small ones (like wheelie bin cleaning. First you develop a business that works. Headaches with staff and government regulations. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget. you rent the system to other businessmen. as all the details have already been worked out for you. and limited upside potential (although you can still get pretty rich from some of them). The system now works. using the exact same formula. This means that there is quite a high barrier to starting up. You cannot multiply your business . If you can't afford the time to study. Obviously if you can be the originator of a successful franchise chain. then you are laughing all the way to the bank.because they are the ones doing the multiplying.1 (from last week) you could already be retired by that time! Even then. Yes. Almost certainly long hours.not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So. most businesses are not making their owners rich .they are merely -76- . there is a cap on how much you can earn.someone has already taken the risk and done the work.5 years! With business no. On the positive side. and still potential for losing everything (it happens . But is it a good plan for the franchise buyer? Yes and No. Then you roll out that business in multiple locations. Finally. or the money for the books. High capital to get started. as they have done so in the past. because it is a low risk way of getting into business . you have to pay the franchiser a start up fee in order to learn the system and get on-board. And you won’t make any money for the first 3. Get those first. you are pretty much guaranteed to make a profit from the business. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free . then you need to stay well clear of the stock market! 4) Franchises. 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 . A brilliant concept.
or the internet. Go see your accountant and plug all the holes through which your money is leaking out. not yet anyway. Do you think he is getting rich running that??? Think of all the overheads he is paying. How do you build it up? Ah! Now there is the rub! Well. Take a look at the owner of your local high street store (non-franchise). -77- . traditional business. What then? Well.and yes. I know. Yes you need good customer service. That's right. maybe you are already in a traditional business. these materials (together as a bundle) have to earn you at least 10 times their purchase price. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. 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 . In fact. The fact is that whether or not you end up using "pure" mail-order.7 Steps to Freedom by Noel Swanson Step 7 getting by. you are not running a mail-order business and you don't know anything about marketing on the internet. Well. I will refund you your entire purchase price without any quibbles or hassle. and turn your traditional business into your retirement cash cow. b) How to Promote Your Offline Business Online I know. Okay. or poor cash-flow management. Go get them now. The good news is that both of those can be fixed! Provided you are prepared to do your homework. But you can have all of those and still go broke? Why? Almost always because of either poor marketing. The first place to start is with the financial management. For that reason I would suggest you take some money out of your next advertising budget. how is this for a plan: Build it up as quickly as you can to a highly profitable level. of course. guess what? Almost certainly the key is going to be the marketing. and then sell it. and buy both of these resources instead: a) The Golden Mailbox and. Yes you need good products. or I will refund the entire cost. Then start to learn about advertising. they will work whatever country you are in. Use what you have learned from them for a full year. You are going to have to do something a bit different if you are going to stand out from the crowd. you are not fully convinced that will have paid for themselves 10-times over.). what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. If. by the end of that time (or at anytime before then).
Keep working the system until it works for you. not your time. Work hard in the early years to develop a large client base. sports. 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. In this case it is about selling things that produce a long term residual income.writing. If you have a genius talent at something. 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 . -78- . You sell one policy. Take John Grisham as an example. is about leveraging your time. Above all. year after year you get a smaller cheque each time the client renews. developing your mind and your skills will be crucial.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts .don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. if you have already written what should be a best-seller. acting. Choose one (or maybe more). Learn all you can about marketing. i. But once again you have to do it right. Invest in your financial education. and you can continue to receive these cheques for many years to come. Some people are born salesmen.even if only for a day! Click here for the low down! 7) Sales. And learn about doing Joint Venture and percentage deals . and get out there and strut your stuff. And again. why did it make it the second time? It takes persistence to write a second one when your first one made no money. Much has to do with who you know. Right. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). You can't do them all. The key. 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. and with luck ( dare I say that word?) and timing. they re-issued the first novel. but most will fall into the above categories. once again. Study and learn. Find a brilliant agent and marketing manager. be focussed. or that will reward you in proportion to your success.e. then by all means exploit it. do your art as a hobbie until it starts to pay off! Finally. The classic example of this is life insurance. His second became a bestseller. You get a good sized commission cheque up front. His first novel sold 5000 copies. Read all you can. Later on. then you can use your talent to set you free. And stick to it. music. But only try it if you are a genius at selling. His second could just as easily have flopped again. why did it not make it the first time? Or if it was that mediocre. that’s about it. There are as many ways to make money as there are people. If that is you. Would he then have written a third? Would that one have been discovered? If you follow this path. And then.
if you want to build up a real estate portfolio . For example. But even here you can be smart.then why not get a job as a real estate agent? That way you earn money today. -79- . Or you can work your own plan . The choice.you can either keep working the 40-40 plan . as they say.and then be FREE.40 hours a week for 40 years to make someone else rich.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. Remember . is yours.probably for only a few years .
also teaching you how to be a good employee. the inventors. you need to write down what your three plans are: your Plan for Security. Of course you and I know that it is just the start. indeed.in whatever field of endeavour they are in.. So now. At the beginning I was talking about dreams and goals." In fact. it is how you think. like The Midas Method. to keep you on track. the key to wealth is not what you do. the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old. You see. the explorers. They certainly transformed my thinking! Now that we have been through a bit together . listen to the tapes. That you have made it to here does. and you probably did not buy any of them .Step 8 . many of them spend literally tens of thousands of dollars doing so. In every case. yeah. I recommended them because I think they are the best. We have covered an awful lot of stuff over the past few months. After that you maybe had further education or vocational training. show that you have got what it takes to make it big. employee. teaching you how to be a good employee. of course. the athletes. So where do you go from here? Well.. We have gone full circle. After all that brainwashing it is going to take a bit of time to get your head straight. This is attested to by everyone who is a self-made success . So the end really is the beginning. change the way you think. we have reached "the end". the artists.and if you have genuinely done the exercises you will have done some hard work .The end is the beginning S o. and Rich. Inner Circle. But what has this to do with me becoming free?" I also recommended some reading. Dad.evidence that you are not content to stay as an ordinary Joe. I’ve heard all this before. Dad.I hope that it is all making more sense to you. in your daily-grind job. Remember. the edge that separates the best from the rest is their mindset. mindset! Everyone who is wealthy says "Read the books."how is this going to make me rich?". At school you had 12 years of indoctrination. knew better than them! Which is. At the time you probably thought "Oh. Yet you. about daring to believe. Ask the businessmen. guess what? You need to WRITE DOWN YOUR PLAN. why you are poor and they are rich! But you have stuck with me this far . Poor. your Plan for Comfort -80- . not the finish. about possibility thinking.
Investment goal .open up account. Then the second part will be the more general strategy. go and look at 3 properties per week. You might categorise this into categories or strands: e. Strand 3 . or writing your will. listen to 4 tapes. along with this book. the daily.long term build up of capital activity .Education read 2 books a month. Step 8 I mean actually write down. research shares using his system. -81- . weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire. attend one business training seminar.first will be your to-do list.Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . Things that you need to do in order to set the plan up .like making an appointment with your independent financial advisor. Strand 2 . There will be two parts to each of the three plans . Strand 1 .Real Estate goal . or opening an investment account.7 Steps to Freedom by Noel Swanson and your Plan for Prosperity.to buy one property every 4 months activities . subscribe to auction house mailing lists. Put it in the back of your ring binder.g.regularly read Property Auction News.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do . on a piece of paper that you can keep going back to.
Please would you click on your "reply" button. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. Also. If you have not enjoyed the course. I would also really like some feedback. 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. -82- . If so. encouragement and also some recommendations for further learning and training. Buy them. not every one will be the best book you have ever read.7 Steps to Freedom by Noel Swanson Strand 5 . and also more technical.. I will certainly try to pick the best ones that I know of. if you know of any good resources or links. educational material about the specific business you are in. or that provides me with the learning opportunity I need (e. fill in the gaps. you will still learn something from each and every one. At then end of this email you will find a short questionnaire. If you have some favourite books that you recommend. then I can pass them on to others.some general motivational stuff to help you to keep going even when it gets tough.. and send it back to me. then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. tips. Whatever business you have chosen . then doing the questionnaire will be a way of saying thanks. But even if they are not. if you are running an internet business. In this way we can help each other. you will have an excellent opportunity for promoting that business further (see below). They are hardly uplifting! Instead. No. get yourself into a programme of regularly listening to those tapes and reading the books. real estate agent) Step 8 And so on.g. then please let me know so that I can pass that recommendation on to others.Job look for a job that frees up more time. please tell me. Notice Strand 4. Through my newsletter I will continue to provide you with motivation.become the best. I am hoping that you have found this FREE course to be of value to you. Why will you fill it in? Well. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). You need a combination . Similarly.
as well as financial. Thank you for your feedback! Keep working your plan. for example. These may range more widely over other issues such as home life.in all areas of your life! If you have any topics or questions you want covered." Okay. 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. personal. my goal is to help you to achieve success . I am asking you to do one simple thing for me.perhaps we can start a bit of a dialogue through the newsletter. remember what Sir Winston Churchill said: "Never give up. then please get in touch. including internet marketing. -83- . Never. Would you please take a moment. Never give up. Never. I will be in touch from time to time with recommendations on reading materials. But I hope it is not the end of our association. I have given you a lot of valuable free information. parenting etc. then please tell me .7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. Noel Swanson P. Now. S. Remember. As I said.Joint venturing is always the way forward! So. if you have any products that you would like to offer to others through the newsletter. right now. cash generator. in return. Never. Also. and special offers on my own and other people’s products. 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.. if I publish it on my website (see. to give me some feedback. Depending what it is we may be able to work out some kind of deal! . Just send me an email at noel@7stepstofreedom. the Inner Circle testimonials). 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.com and tell me what you think.. Your friend. links to useful sites.
com/x. you will earn a commission. Open the 7steps.7stepstofreedom. since it will be called "7stepsbrandable.php?adminid=483&id=XXXX where XXXX is.pdf". You can either brand this book.) You will know if you have.zip file. Or you can simply tell your friends about the book and point them to my website. Once you're finished entering your details. To brand your own copy of this ebook 2. 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. Write it down! At this point you have two options. Run this program. PDFbrand. It's that easy. I will even introduce you to some other well respected and high-paying affiliate programs. 4. asking you to automatically save the PDF under -84- . and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate. It is absolutely free.How to Make Money from this Ebook 1. What's even better is that when they then sign up as affiliates. and drag-and-drop the PDF book into it. 3.exe. Either way. if at any time in the next year they buy anything from any of my many websites.com Enter your full website address WITHOUT the http:// eidetika@yahoo. Click here to download your brandable version of this ebook (if you have not already done so. click the "Brand!" button. you will emailed your unique 4-digit affiliate code. and sign up to my affiliate program. Click here. replaced by your 4-digit affiliate code. of course. When you sign up. The brander will then come up with a dialog box.comEnter your email address as you want it to appear on the front cover 5. 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. and you will find the branding tool. and pass it out to your friends by email or on disk.
But remember .7 Steps to Freedom by Noel Swanson the name '7steps_branded. 'Cancel' if you want to save it under a different name or in a different location.pdf' in the same location as the original file. the more money you could make. don't hesitate to email me at firstname.lastname@example.org more you give it away.any spamming and you will be fed to the wolves! -85- .com Step 8 6. If you have any questions. Start giving away the book to your hearts content . Click 'OK' to automatically save the PDF.
In addition to valuable tips. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_.S.com/index.remember. 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. please do attach that as well .7stepstofreedom. Normally. 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. it all helps in promoting your own website! I look forward to hearing from you.com +44 (0) 1329 513296 (UK time zone) P. I would also cite your name and general location (e.. I wish you every success. town). Yours warmly. Naturally you can unsubscribe at any time. I shall assume that you are happy for your comments to be printed or quoted on my website. great wisdom (!?). Noel Swanson noel@noelswanson. and/or if you have a thumbnail photo of yourself that I can use./?:'@~~\=+ -86- . successes. So.. In the meantime. If you would also like me to quote your website URL.g.html and sign up . you will also receive frequent free gifts and some very special offers. 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. stories and suggestions. and the odd bit of rambling or ranting. unless you specify otherwise.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences.
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