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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.
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. How to maximise your use of time How to remove the clutter from your life All this.) Then go to the Table of Contents and start on Step One.) So I will use wealth as our prime goal. The door is stiff and heavy. It is your own mind. It will take you about 10 minutes to complete. you will learn how to think! Because. that you have sufficient financial resources that you can -5- . Why? Because. the first is usually the most obvious (although probably not as important as the second.e. as you work through this book. the two biggest hurdles they face are about becoming financially free. for most people. In the following chapters. lets get started. The lock on your dungeon is rusty and difficult to turn. Go on. You will have to work at them if you are to successfully open them I will show you what to do. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. And of these. your spouse. the blueprint for a better life. But above all. And I will use the term "retiring" as meaning the same as "financially free" . For that reason I strongly suggest that you print out this entire book now. or your disabilities that keep you enslaved.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. 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. one more thing. I will talk much about "retiring" and "building wealth". 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. Do them! This book is not light bedtime reading: it is a workbook. and will cost you not one penny.i. So where do we start? Well. (Just click here and you will be taken right there. your poverty. 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. and much more. Oh. I'll tell you what. you will find tasks set for you. and emotionally free. it is not your boss. as you shall discover. Okay. But you are the one that has to do it! And so.
7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. Great! As long as that is your choice and not a necessity. The principles will apply in exactly the same way. Just follow the instructions and you will get there. See you on the other side! Noel Swanson -6- . But perhaps you have different priorities and goals in life? No matter. "Retiring" does not have to mean you never work again .you may like your career and want to continue in it.
perhaps ill. So why do you do it? Let me tell you why: FEAR . So now you are old. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years.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. go in to work. let me ask you why it is that you. and 95% of the adult population. only to repeat the same exercise day after day. 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. trade eight or more of the best hours of your day for a pathetic amount of money. and then come home worn out. neighbours and relatives. And at the end of it.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 .except you have no money. then why do you do it? Because you love the job? Let me ask you again: if you had enough money to pay all your bills. Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. Of being ridiculed and pitied by your friends.40 hours a week for 40 years. for forty years? This is often known as the 40/40 plan . you would cut your hours. 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. On the other -7- . Of not having clothes to wear. with free time to do what you want . Of having your house repossessed. get up in the morning.Step 1 . In contrast. That’s right. Of not being able to feed yourself and your family. doing a job that causes you stress and worry. Of being destitute and dependent on a state pension when you are old and frail. If that is not true. expenses and luxuries. You are afraid.
the wrong sex. too old. making serious money takes commitment and perseverence. a wish or an ought is not enough to keep you going for even a month. But once you have decided. or you say you can’t. If you are starting a part-time business alongside your full time employment you will probably have to give up some of your free time in the evenings. So what do you need? You need two things: 1) A clear goal. and you set out to get it. 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”. And that passion drives them on when others would give up. Those just won’t cut it when the going gets tough. There is another aspect to this. They must win. too fat.just like when you don’t feel like going to the gym. really want.8 years. Things don’t always go as planned. 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. You will have to make some sacrifices.both for their chosen sport. Take a world class athlete like golfer Tiger Woods. “If only I didn’t have to go to work every day”. But. you too need that passion. Once your focus is clear. At times you won’t feel like doing it . and 2) A reason why. It is a deep seated passion . safe to say. once there is an iron-fast conviction in your soul that says “that’s where I am headed. in your soul. too clever. or over the excuses. Henry Ford but it best when he said “Whether you say you can. What makes them train and practice so hard. or staying on your diet. and so on. all the excuses start to fall away. then your mind starts to look for ways around. and also for winning. Now. that they start to shape the way you see the world. it is extremely unlikely that it will be through your current job or employment. too stupid. or 5-times Olympic gold medalist Steven Redgrave. Once you know what it is you really. Step 1 So. -8- . the wrong education. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. too thin. If you are serious about becoming free in the next 2 .7 Steps to Freedom by Noel Swanson hand. Most likely you are going to have to start some kind of new venture. Instead of “I can’t”. under. you start to find the reasons why you can. you are correct”. since money is such a big issue for most people. These need to be so powerful. and so entrenched in your very being. day in and day out? It certainly isn’t the money. if you like. come what may”. There will be set backs on the way.
you will find a strong and powerful passion that has driven them onwards. “Why not just get on with making the money?” So why is it that these people are broke. it probably won’t happen unless there is that passion. and it matters to you. (however you might define success). and the lack of passion for that goal are the top of the list. haven't you?): 1) What is your number one priority for starting a new venture? Common reasons include: Extra Income Financial Freedom Having your own business More spare time Personal development Helping others Meeting new people Retirement Leave a legacy It does not matter what your priority is . getting married. 2) Why did you pick that one priority? -9- . if you are still with me. What matters is that it is yours. and still interested in learning the secrets of wealth and freedom. It is this step that many people will skip over. On the other hand. Who would you listen to? Remember I said that you would need to do some work? Well. Whether it is losing weight. meeting more friends. for everyone who has made a real success of life. 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. the lack of a clear goal. This is of vital importance.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. not just your finances. getting fit. they would say.nor how big or small your goal is. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. those goals and dreams first. or starting any new venture or adventure. stopping smoking. “What’s the point?”. Of all the reasons why people fail to make it in their new venture.
This is why successful people are constantly reading and listening to motivational books and tapes.and then right down your answers in as much detail as you can. this is essential if you are serious about unlocking the doors to your dungeon. As a first step. Done that? Okay.you have some work to be getting on with! -10- .where will you be.it really is vital. the more real your description.g. with the mortgage fully paid off. I strongly encourage you to start to do so also. In fact. Sounds crazy. go to onto the internet and get yourself The Midas Secrets package. Spend some time thinking and dreaming about this . it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow. the greater chances of success. that’s enough for this week .don’t look at what you won’t be doing (e.you will want to be doing this everyday of your life until you reach those goals. of course). It is only a small investment in your future. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. What do you want for yourself then . but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here . what will you own? Be as specific and detailed as you can. the more vivid.g. and has invaluable lessons (provided you do them. “I will be in a 4-bed detached cottage in the countryside. Avoid negatives . In fact. what will you be doing. “I won’t be living in this dump”). The more detailed.”) Do not miss out this exercise .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.
Isn’t it time to do something different? -11- . and the grit and determination to reach those goals.7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset. if you always do what you’ve always done. Step 1 Remember. you’ll always get what you’ve always got.
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.you have made a crucial first step to achieving them.well. Classed in this are things such as: < eating < paying the mortgage (or you will be repossessed) < earning money < paying bills < keeping fit and healthy < seeing your long-standing friends < having the car serviced (regular maintenance saves you money in the long run) Whereas others are not important.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. to let other priorities and demands get in the way of what is important. You should be able to get it from your public library. 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. isn’t it. You will note that some of your tasks are important (by this I mean important to you). Well worth getting hold of. but that does not mean the task is important to you .although the friendship might be) At the same time.Step 2 . such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them. Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People. some of these tasks are urgent.congratulations . That means they need to be done now -12- . If not . you won’t be the only one! It is so easy.
In other words. Other things are much less urgent. you don’t have to go to the gym today . and they have to be done today. For example. Likewise.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. Tomorrow is not good enough.it’s their agenda. Included here are things such as getting exercise.these things are both urgent and important. relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind. because you did not get around to doing them a week. You have to do them. But these activities are important. being kind hearted and generous. on top of all that. the car does not have to be serviced this week. And the ironing can wait until there is time. or painting the house. filling in the crossword. or even next month would probably do. and improving and developing your knowledge and skills. the car has broken down.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities . If you are like most people . things that have to be done today. Most of these activities are of the maintenance and improvement type . In fact. you say “yes” to this Quadrant Three activity (Urgent. if only you had the time. take a look at your own life. but not urgent) that you know you should be doing. maintaining your house and car.looking after your property. As you do these. Next week. but just can’t find the time for. For example. The same with the exercises from last week and from The Midas Method.doodling. you would find that they actually help to prevent many of the Quadrant One -13- . daydreaming.to you . and your help would make such a difference to them.it is important to your future . Like going to the gym. or the tax man). not yours). watching TV with a beer. Now. but sit quietly in the background waiting for you to get around to them. Many of them are of the “putting out fires” variety. but not important . because you never got around to replacing the oil 6 months ago. a colleague. or keeping up to date with developments in your field of work. They need to happen. and yourself. you are probably getting stressed by all the Quadrant Two activities (important.tomorrow is probably just as good. or two months ago. Often this is because of some deadline imposed by someone else (like the boss.but could easily be pushed to the bottom of the pile until you have time to do it. In fact all those things on your mental “to-do list”. if you could do them regularly. These activities probably take up most of your day. Which you would. 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 .stressed out by too much to do and too little time in which to do it . month. And. Reading this course is a Quadrant Two activity . Then. And what happens to Quadrant Two? All those tasks that are vitally important.
And whatever you do. or do not. The future is unwritten. Now. to summarise. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. decide. So. and hoping that someone else will do something to improve your lot. your answer to this must be “Me!”. complaining about the circumstances.. you must learn this skill.. or start a business. there is a balance in all this.other people. what was crucial was what you did in response. At the beginning of each day. the government? If you are to achieve the success you deserve.and stick to it.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure.if you make the right decisions. You can choose to carry on as you are . here are your tasks for the next month: -14- . This opens up tremendous possibilities for you. I have found this to be one of the biggest reasons for why people continue to have stress. and whatever happened. What matters is where you go from here. How it turns out for you is down to the decisions you take from here on. But whatever they did. Most people find this very difficult. You really can reach your goals . If it is from quadrant 3 or 4 . and problems in their lives. will affect your life from then on. Here are some suggestions: With each task you do today. ask yourself which quadrant this fits in.or your could choose to move abroad. that you do them. Life is all about the decisions you take. It is a blank slate for you to write upon. But equally you certainly don’t have to be a doormat. in each day. You are where you are because of the decisions you took in the past. remember?). schedule in some time that is reserved for these activities . Of course other people and events have played a part. the will of god.say “no”! You must work on what is important to you before you work on what is important to other people. misery. Or you can sit around. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. or change jobs. But if you are going to reach your goals. Sorry if this sounds rather hard. This brings me on to the second main point for Step 2: Who is in charge of your life? Is it you? Or is it something outside of you . fate. or get divorced. You don’t have to be rude or unhelpful. And often one of the hardest for them to overcome. We have all made mistakes. Get some books. or. listen to some tapes.
etc.but make sure you don’t slip up again! After all. put your Midas Method goals at the top of your list as your Number 1 priority. then move on to task two and stick with that until it is done. studying.the goal setting is best done at the beginning of the day. Then start with number one and persist with it until it is done. doing repairs.use this for reviewing your goals. Try and do it at the same time each day . If you did them all. great! If you didn’t . Tomorrow make a new list (which might or might not include today’s items). By the end of the day you will either have completed all 6 or just some of them.you would not have done them using any other system either. the rest can be at any time. See you next week in Step 3! -15- . as long as it happens.7 Steps to Freedom by Noel Swanson At the beginning of each day: Step 2 1) Set aside an hour for quadrant two activities .don’t beat yourself up . If you have not already done them. Okay . Make sure you do it each day. getting some exercise. Make every effort to avoid being sidetracked or distracted from it. If you come to a point that depends on some external event (like waiting for someone else). 2) Make a list of the 6 most important (to you) tasks for the day. the only person you are cheating is yourself. If you miss a day . But at least you worked on the most important of them.your task this week: Do both of these every day.
So what does this have to do with making money? Absolutely everything. Since this is the case. and running over will be put into your bosom.” Newton.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt.Passion. It is through an understanding of this law that cars drive. Luke 6:38. it will be measured back to you. planes fly. depending on the type of circumstance that they were describing. and the difficulty of replacing you. It has its effect every time we do anything. This Law is one of the most fundamental laws in the universe." Jesus.Step 3 . For with the same measure that you use. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. So her -16- . Here are some of the most famous. of which the poor African villagers seemed to have been surprisingly ignorant. It is a relatively unskilled job. but still to only one client at a time. and use it to our profit. And once you fully understand it. Consequently his pay is low. It has been stated by many people. and so it is easy to replace him. But because of the long and arduous training she is rather more difficult to replace. they simply climbed out of the back . the number of people to whom you bring it. A lawyer or doctor brings greater benefit. they decided that this was the point at which they wanted to get off. in many different forms. pressed down. “For every action there is an opposite and equal reaction. “"Give. and the incident provided them with some great stories to relate to the friends and relatives. and Maths E arl Nightingale. So instead of hammering on the side of the truck to signal to the driver. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. As the truck was bouncing along down some dusty track. But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect. and underlies just about everything that we do. tells the story of some Africans riding in the back of a truck. Here are some examples: A window cleaner brings a small benefit to one household at a time. and it will be given to you: good measure. This law pervades the entire universe. one of the original and greatest motivational teachers. it will also be the means to your own financial security. shaken together. we would be wise to learn this. whether we like it or not. and rockets are able to land on the moon.
“you provide the heat and then when you have done that. The maths is simply wrong.become so indispensable to the company that they cannot manage without you. as sure as the sun will shine tomorrow.such employees simply get taken advantage of. the greatest number or sales or clients. If you can do this. your reward will follow. but to millions of readers. entertainers. And yet so many people expect just that. all your efforts are primarily going to benefit someone else . Step 3 A best selling author brings a small benefit (a few hours entertainment). The reason for that is very simple . The same also applies to star-quality actors.the deal is that you exchange your hours of labor for money. then the rewards follow. and 3) is scarce. And there are only so many hours that you have that you can exchange.” It does not work that way around. If you can get it right. 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 . 2) can be supplied to as many people as possible.the greater the benefit the better. I will put the logs on. Don’t just do “grunt work” that anyone could do . here is how you do it: Become the best employee there is .namely the business owner. before they will put in the extra work. But work smart. then. the best ideas. Also. Getting this combination right is the maths. in the end. It is not necessarily about working all hours of day and night .but the problem is that it is to only one person at a time! So. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes . But be clear that it is in that order first you provide the benefit. -17- . skilled writing is fairly uncommon. This is especially true in employment . it is very hard to become financially independent as an employee . so his income can be quite large (in fact. 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. If you are in employment and wish to rise through the ranks.for the simple reason that. then your reward will follow. To expect otherwise would be like telling an empty fireplace. or cannot be easily provided by someone else.find a niche in which you become the expert or the specialist. The trouble is. proportionate to the number of readers).they expect the pay rise or the promotion first. and sportsmen and women.7 Steps to Freedom by Noel Swanson income is above average. Produce the highest output.
you will also have to provide a service or product that people want. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching . It is no use putting all your efforts into something and then finding out that nobody wants it.but teaching a school class has the wrong maths. But also find something that you love. the only way to make more. you will probably find that most millionaires have worked very hard to build their fortunes. You love skiing . at least. Find something about which you have a passion. And why not? You are much more likely to put in the hard work if it is fun.but being a ski instructor doesn’t pay. that it is not so much work. and see it through to the end if you are passionate about what you do. than if it is a total bore. school/business groups) or destination (undiscovered and exotic locations. however. off-piste powder tours)? You love helping people. So why not. Life is supposed to be fun.whether that be a hungry crowd desperate for a burger. Or you could develop a business in which you help other people to be successful. or even millions? This could be done by books. Then the maths is right. have fun while you are doing it? This is what I call the passion.g. or collectors desperate for football or pokemon cards. Most could probably be described as workaholics. There is. so that they benefit more and more people. By its very nature it is -18- . Network (or multi-level) marketing is wonderful tool for doing just that.perhaps filling a niche market for a particular type of skier (e. as play. or that bring great stress. training tapes and videos. as second side to all of this. to make enough money to become financially free is going to take some work. Why do it when there are so many enjoyable things to do. You are much more likely to persevere. What about finding a way to extend your teaching to hundreds. Much better to find a niche where people are begging for your service . is to find a way to multiply your efforts. Whatever means you choose. Yet if you asked them. to achieve this. then if it is tedious. Clearly.do what you love. Could you set up some kind of tourist operation . If you look around. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. Or. and/or large conferences and seminars. most would probably tell you that they love what they do. thousands. to put it the other way around . I believe that life is just too short to be spending it doing things that you hate.7 Steps to Freedom by Noel Swanson Step 3 Consequently. So get the maths right. handicapped.
or do you prefer to just be given a job to get on with? If you could do anything at all. you might just find your life’s calling! To help you.let your imagination take you where it will. But you love working on a project .7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. We will be looking more at this in a later Step. So at this stage I don’t want you to be worrying about the maths. Your task for this week is to think about your passion. then you are on the high road to both success and happiness. The first is that wealth comes from bringing value to other people. “My mission (or purpose) in life is to _____________________ (do something) -19- . In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. is worthwhile. and either use the internet as a tool to make it available to the masses. or are you more artistic and intuitive? Are you good at leading others. Note also that the notion of purpose is that of action. One way to think about this is to develop your own mission statement. what would give you the greatest pleasure and satisfaction? Do not limit yourself . and suits your personality and unique pattern of strengths. The joy is in the journey. lets just think for a minute. or computer programming. So if you can find a purpose to your life that brings value to people. What is your purpose in life? Now. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this).or you could develop your own product that has value to many. You could be employed by a company to develop their products . here is a question that might prompt some thinking. the more you yourself will earn. Life is not an end point. You hate meeting strangers and having to talk to people you don’t know. or joint venture with someone who does like networking or selling. or programming. Think also about your personal character traits. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. You have probably noticed that many companies are developing mission statements to help them to focus on just what it is they do as a business. of doing something. What is it that you really love doing? What is it that turns you on? What are you good at? Do not think only in terms of skills (like writing. So why not have a personal mission statement. it is a process. or fixing cars or cooking). All you have to do is to fill in three blanks in the following statement. There are two points to consider here. The second is that happiness is a by-product of doing something that is worthwhile.such as writing.
but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. Below I will give you some ideas. When you do. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. what I love doing.” 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. and what provides me with satisfaction and excitement. you will feel it resonate with your whole spirit and being. The list in Table 1 nurse acknowledge facilitate may give you some ideas. Even drug dealers provide a “benefit” to people . or even countries (if you fancy being Prime Minister!). I will leave that to your imagination. if you are a mechanic. influence refine coach inform serve discover encourager. there will be a “eureka” quality to it. or be Table 2. It might be an audience if you are an entertainer. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. Of course there are many. 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. Who benefits from what you do. able to do as a result of your actions? Table 3 lists some ideas. you have your completed mission statement: -20- . or motorists. If there is minister enroll enhance no benefit of some kind. “My mission is to __________ ____________. In what way will this be of benefit to them? What will they have.” Start with finding the right verb. many more. What is it you love doing help referee challenge with people? Are you a natural born teacher. then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it. 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. Table 2 lists some other possibilities. keep brainstorming until you find your own. Note that this might be anything form individual people right up to large groups.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.” Step two is then to identify the recipients of your actions. You will say “Yes! That’s it! That’s what my life is about. mission. identify the desired outcome of your work with these people. When you find the right outcome. leader. unique.they relieve their Table 1. But don’t be limited by these. entertainer. What you do.
Hang in there! -21- . --. 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. the destination.” 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. Only then can you work out the quickest route to get from here to there. At this point do not be thinking about how you will do it.oOo --Your task for this week? Yes. Life is a journey.” As you can see from these examples. Concentrate only on what it is you want to do. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear. you have guessed it! Complete the blanks above.” “My mission in life is to discover new places to which adventurous golfers can travel. So far we have been looking at where you want to get to. Next you need to know where you are now. Keep doing so until you have something that makes you feel good. you can play around with the form of words to make the mission fit you.
There are two parts to a financial statement. USA. It is as important to know where you are now. if you are currently in New York. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. goals written down as to what you want to achieve in the short. specific and detailed. At this point of time. the way in which you will make a difference to people’s lives. air. England”. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . I thoroughly recommend them. and the sequel “Cashflow Quadrants”. The income and expenses report (also known as a profit and loss statement). Suppose. this week’s task is to take full stock of your situation.com .Step 4 . I want to talk a little bit about how to create your own personal financial statement. Income and expenses . do not rush over this. Before we do that. So. train. your goal was to “travel to York. but the content is first class. (They are a bit wordy and repetitive at times. Once again. as it is to know where you are going. England. bus. have clear. medium and long term. Poor Dad”.) You can order them through Amazon. your current starting point. or through your local bookstore.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. and the balance sheet (which details assets and liabilities). coach. How will you get there? Will you travel by foot. we still have one further preparatory step. for example. And an aeroplane might not be so appropriate if you are just down the road in Leeds. by now: know that you can achieve whatever it is you set your mind to. be excited about the type of contribution that you will bring to the world. Before we start to look at the ways in which you will do all of this. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. Let’s look very briefly at both of these.
if you ever lose your job .” In contrast to an asset which is “anything that puts money into my pocket.one is to cut down on your liabilities and expenses and the second is to build up your assets.arrow A.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. Some of this goes directly out as expenses (of which tax is the biggest one) . if you owned a rental property. So. In other words. and the rent your received was greater than all your expenses in terms of maintenance. For example. it is an asset. the financial statement of the rich looks like Figure 2. 1 to Fig. Cashflow of the rich Incidently. Figure 1Figure 2 . 1). That is not what I call freedom. repairs. you can quickly see that your house.ouch! The expenses continue. but the income stops. Unfortunately most of this money immediately flows out again. -23- . the rich also manage to sidestep most of the taxes as well. and loan interest.” From this definition. your sofa. your car. In contrast. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. then that property would be putting money into your pocket.arrow B. you can see the direction of your cash flow: it flows in from the job. Clearly there are two ways to achieve this . you are trying to get from Fig. This is what you are trying to achieve for financial freedom . and out through expenses and liabilities.7 Steps to Freedom by Noel Swanson Step 4 work that you do. In this you can see that the majority of their income comes not from their work. 2 as quickly as possible. and pretty much everything else you own is a liability in that they are costing you money every month. but from the assets they have accumulated (arrow C). This income goes into the income section of your report (see Fig. They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. The rest goes on the various liabilities you have accumulated . So. The trouble is.
To do that you need to prepare your own financial statement.but then.. that is what separates the winners from the losers.. In addition. complete your personal financial statement.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. you also need to do an inventory of the other parts of your life. This is your task for Step 4. for the first week. so let's allow for two weeks to complete it. It comes in two parts. isn’t it? Ready? Okay. since success is about more than just money. or it won't get done! -24- . and you will probably need to put it as top priority on your priority list. You will find the template on the next page. Once again it will require some work on your part .
Preparing your Personal Inventory
Part 1 - Your personal financial statement
For the purpose of this, convert all your income and expenses into monthly figures, i.e. divide yearly amounts by 12, and multiply weekly amounts by 4.3 This is best done for your whole family rather than doing separate ones for you and your partner. Monthly Income
Make a list of all your current income. Include: a) earned income, such as (Where you can, put the Gross Earnings here - and put the deductions, such as tax and NI in the expenses column), Job, 2nd job Tips Self-employment
Businesses in which you are heavily involved for their day to day running
Subtotal b) passive income, such as, Benefits: child benefit & Tax credit, disability allowances, social security, etc.
Interest on savings.
Dividends from your investments.
Businesses from which you receive an income, but are only a sleeping partner, or minimally involved in terms of day to day management.
Other investment income (you can either list the net profit, or you can list the gross income here, and also the expenses - such as the maintenance on your rental property - in the expense column)
Overall TOTAL INCOME -25-
7 Steps to Freedom by Noel Swanson
This is the tough one! The challenge to honestly list all your expenses as they really are, not as you wish they were! Subdivide into the following categories: Tax, Social security, National Insurance, council rates, Daily living Groceries and other regular shopping Clothing Rent Communications Land and mobile phone charges Internet service provider Utilities - Water, sewage, electricity, gas, House maintenance Repairs, redecoration, replacing carpets, looking after the garden, replacing windows, new kitchen, etc. Insurance Buildings and contents Life, accident & sickness, disability, Private medical Professional indemnity, employer’s liability, etc. Pet Leisure activities Entertainment (pub, cinema, meals out, pizza deliveries, videos) Sports - gym and other club memberships, equipment, travel Holidays Gifts, e.g. Christmas spending (often substantial), birthdays Travel Car - petrol, servicing, MOT, insurance, road tax Bus & train passes and fares Car depreciation Smoking and other drugs Loans Mortgage Car payments Other hire purchase (sofa, boat, caravan, etc) Credit card interest (be honest!) Boats & other toys - depreciation and other running expenses Other commitments Alimony & child support fines Exceptional expenses - every month there is some expense that is unexpected, or a one-off. The strange thing is that there are so many of these unexpected expenses that you need to budget for (expect) the unexpected (e.g. the boiler/furnace breaks down, a window breaks, etc.).
Overall TOTAL EXPENSES
7 Steps to Freedom by Noel Swanson
Here you list everything that puts money into your pocket - either by providing an income, or by going up in value. In the totals column, put how much you could get for it if you sold it today. Put your own house here, but do not put your car or boat here unless they will genuinely go up in value over time, and you also put an entry for depreciation and running costs in your expenses column above. You will understand your finances better if you put your boat and car in the liabilities section.
Your house Pension Rental & investment properties
401-K, RRSP, ISA’s, Savings bonds, premium bonds etc.
Stocks & shares
Businesses you own or receive dividends from Precious metals and gemstones Other
Overall TOTAL ASSETS
7 Steps to Freedom by Noel Swanson
Totals Liabilities Here you list everything that takes money out of your pocket. Put the total amount that is owed as of today. Short term debt Outstanding amount on credit cards
Overdraft Other bank loans and financing (car, boat, sofa, etc) Long term debt Your mortgage Business loans Mortgages on investment properties Cars, Boats, Toys and trinkets (although these could be sold for money, and therefore
could be considered assets, they actually take money out of your pocket in maintenance and other expenses, so they are really liabilities. Enter them here. If they have a present day value (e.g. a boat or car worth $5,000) do two things: 1) enter a negative value in the column on the right i.e. they are a liability of -$5,000, and 2) at the same time enter a monthly value for depreciation in the expenses column above. For example if the boat or car will only be worth $3,800 next year then its depreciation is $1200 per year, or $100 per month. Put $100 in the expenses column.
Overall TOTAL LIABILITIES -28-
Total Expenses Net worth = Total Assets . but I am probably wrong) said: “Income. what do you do with these figures? First do these sums: Monthly savings = Total Income . result.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now. If your net worth is greater than $250.000 you probably need to be thinking about planning to avoid inheritance tax. misery” Most likely you need to find some way to cut your expenses. $100. expenses $99. result. well done! Now use those to start building up your assets. Your Retirement Quotient tells you what percentage of the week you can take off (i. “Income $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- .e. If your monthly savings are positive. 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. expenses $101.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. happiness.
e.covering topics such as: Your Health. Your Children All of these are important if you are looking for true FREEDOM. If you have got this far . After that we will start to develop Your Action Plan.. Until next week. -30- . then 1/3 of your expenses are covered so... your passive income exceeds your expenses. once your RQ exceeds 100%. For example. theoretically.500 and you are receiving $500 a month from your investments. 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 .000 per month. Your Relationships.. i. if your monthly expenses are $1. you could cut down your working week to earn just $1. Obviously.WELL DONE! It is not easy doing all that! But tell me.7 Steps to Freedom by Noel Swanson Step 4 retire. go part time). then you can fully retire.
If you focus just on money. you can very quickly take charge 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. about enjoying rich and rewarding relationships. before you even start on your journey to riches. you need to decide how much is enough. Over the space of 8 years he made himself £10 million. and much less known is this: Money is not real. then you will end up just like Scrooge: rich and miserable. 2) Equally important. When do you get off the gravy train so that you can do the things you really want to do. making a difference to the people and community around you. Just a fancy way of asking “where am I now. what do I have going for me. 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. and how they are going to get there. Or pursuing your sports or hobbies. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. Weaknesses. Then you can map out your own destiny. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. It never ceases to amaze me how most people just muddle along in life with absolutely no idea of where they are going. Like spending time with your family and friends. and what is getting in the way?” In the last lesson we did this for your personal finances. But real success is about living life to the full. Opportunities and Threats) analysis. Stuart Goldsmith is an excellent example. and neglect to build up other areas of your life. So. Of course. Look at the coins and banknotes in your pocket. Which is exactly what you are starting to do. it is just an idea. where they are now. the “law of cause and effect” being chief among them. Money is a tool towards success. This week it is time to look at personal relationships and health. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. Or seeing the world. So why are they “worth” so much? Purely and simply because people say -31- S .Preparing your Personal Inventory Part 2 .
The first is when you are in the Flow. So if you want true success. It is very much tied in with the notion of agreements. Wouldn’t you rather be in the Flow than out of it? Well you can. And -32- . Everything works out. a mechanism. and either I have to make it right again. If anything. and that is what this week’s lesson is about. Flow can be blocked. and it can be released again. In fact they are about every aspect of your life. Both are about more than money. The Flow has ceased. A suitcase of banknotes under you bed is worth nothing. Wealth is therefore about FLOW. how much lighter and freer did you feel? That clutter was literally blocking your flow. 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. or token. it is a bit of a fire hazard. and you feel confident and in control? And then there are times when you just feel stuck. It really is like some kind of spiritual force. It does you no good at all. this is where it gets a bit metaphysical. of that agreement. For example. you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. Because of this. the second is when the Flow is blocked. The money that passes between us is just a record. Money is worth nothing unless it is moving. Money is merely a tool. for exchanging value between people. When you exchange your note for a bag of potatoes. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. the more you will make. then the agreement between us is soured.7 Steps to Freedom by Noel Swanson Step 4 and believe they are. And this in turn depends on the agreements that people make with each other. making money is. In the end. It is only worth something when it starts to move . The creative energy is blocked. Nothing goes right. When you buy a book from me. the only reason the merchant will go along with it is because he believes that he will be able to exchange that same piece of paper for some goods that he wants. it will affect every other part. or you will be pretty angry and will never deal with me again. Have you had times when everything just seems to be going your way? You are on a winning streak. What can block your flow? Pretty much anything. If I fail to do so. But there is still more. you do so on trust that I will deliver value to you. When it was like that. The better you are at that. all about honouring agreements with people. if you get blocked in one part of your life.when it gets passed around from one person to another as a token of agreements being made and fulfilled. Now. therefore.
1. that would be putting a block on all areas of your life . cycling. we will start with your own agreements before going on to agreements with others. Then take your weight in Kg (e.Obese . The questionnaire below will help you to do that. 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. walking.Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this. Your Health Do this sum: write down your height in metres (e. tea. running.8 = 3. 72 kg = 158lb).2) . Now divide your weight by your height squared (72/3.24).Overweight . I mean really honest!) Do you drink more than 4 cups of coffee. Multiply it by itself (1. Note that this is an ongoing process that you will need to be reviewing regularly.24 = 22. or cola a day? Do you eat at least five portions of fruit or vegetables each day (I bet you don’t!) Do you take any “recreational” drugs? If you are over 40: Have you had your eyes screened for glaucoma in the last 5 years? -33- .g. Remember that wealth is about honouring your agreements . Once again.g. be honest with yourself as this is entirely for your own benefit..even your finances! Your task this week is to identify and then start to sort out the blocks in your life. No.80m = 5' 11).5 18-5 to 25 25 to 30 30 to 40 over 40 .8 x 1. etc) three times a week? Do you drink more than an average of 2 units of alcohol per day? (Be honest.Underweight .g.Healthy .including agreements you make with yourself! In fact. 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.
Not to mention your health and fitness. or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. 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. -34- .don’t put it off again! Look.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. But in the long term it will come around to bite you in your ass. Cheating yourself or others may work in the short term. diabetes.so you now have no excuses left! ( Do it now . Not only is your smoking costing you money everyday. One or other of these should sort you out .they seriously impede your flow and will prevent you from achieving true success. set your self some Midas Method goals to deal with it. If you are a smoker. high blood pressure. police etc) Unresolved conflicts are the same as broken agreements . Resolve NOW to do whatever it takes to resolve the conflict. If you scored 10 or more. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. well done! If you scored less. I am serious. it really is time to stop! Go over to my website and check out the Guaranteed Way to Stop Smoking and Quit Smoking Right Now. Sorry about the language. but it’s true. 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!)...
but for yours. I know that if you have had some serious trauma or abuse in the past that this can be very hard. thought and energy into raising them right. Even so. investing time. but for generations to come. Yes. will save money and heartache down the road . Now think about those that you count as your loved ones and your friends. go and do it. You cannot afford to have relational clutter messing up your life. And especially don’t make the common mistake of working long hours to buy them everything they want. you (and your kids) will reap rewards if you make some effort -35- . do it.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise. < If you need to own up to something. then do so . If you need to put things right. but it will more than pay for itself over the long haul.they don’t deserve to be forgiven. < If you need to forgive (you probably do). then pay the price and do it. Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. It may cost you in the short term. then get a friend or counsellor to help you.we get him everything he could want. I know .) 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.and not just for you. so trust me on this.) < Let them have their way for a change! None of these will immediately put pennies into your pocket. (My best friend and I planned a special holiday to celebrate 20 years of friendship.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years.or even a holiday together.and I am a consultant psychiatrist. including making money. Not for their benefit. 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 . Don’t let it be squeezed out by the “urgency” of all the other things you had to do.” And it is usually the poorest parents who say that. bite the bullet and tell the truth. (Just as an example .it is only yourself that you are harming by failing to forgive. If you cannot do it on your own. This is another quadrant 2 activity. Like everything in life. What have you done recently to celebrate that friendship? Here are some suggestions: < Buy some flowers unexpectedly < Write them a short note or card to express what they mean to you < Arrange for a special evening or day out . But it is absolutely the key to freedom . But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years.
For you to be successful. you don’t need a mansion. Put them one at a time on your Midas goals. That is not the goal. Finally.g. But once again. But you don’t want to end your days as some miserable old “git” that nobody likes. The goal is to develop habits that will last a lifetime. repair the guttering. your are unreliable. and if you can learn and apply them. “The GOOD CHILD Guide”. Yourself Probably the hardest of all. Stuart addresses this in terms of self-belief in The Midas Method. You don’t have to be perfect. e. But this is an ongoing project. You will feel so much better when you do. Make a list. you might want to be more easy going. And it might take you some time (after all. but I would certainly agree with them that a well kept home will enhance your health. Now. character traits. you give in and don’t say “no” enough. your happiness and your prosperity. you will have to be happy with yourself. Time to take a look around you. So here is a task: 1.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. Then for each of these. positive. this is all about developing a lifestyle of success. 4. you increase your children’s chances for happy and successful lives a hundred-fold. Once again. you lie. But you do need to throw out all that junk! Sort out your wardrobe. nor even a month or a year. You will not complete all these exercises in a week. are you still with me? That is quite a bit of homework I have given you. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. and so on. Make a list of character traits that you are not happy about. No you don’t need to be obsessional. So. the reality is that life is a life long project). for each of these. your procrastinate. It ‘s physical state affects your spirit. For example. one at a time. put next to them what you want to be instead. and that affects your flow. 3. there are principles that apply. and sort them out. I am not sure I go so far as to go along with the Feng Sui practitioners. picture (visualise) for yourself some situations in which you would want to demonstrate your new. put them on you Midas goals. and will pay you dividends over a -36- . and do all those other little jobs that you have been meaning to get around to. You get angry too easily. Your home is where you spend most of your hours. Don’t know where to start? Then have a look at my book. and work at them until you achieve success. instead of being angry. do you? 2. No. As you have probably realised. you may need some help with this.
magically. make the time for them. In the next Step we start to put together your action plan. you will find you have plenty of time. See you then. worry and guilt happy and successful children peace and contentment money Step 4 As I have said. You will never have enough time. Don’t. -37- . and somehow. Do them now. dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. The temptation will be to put them off until you have enough time.7 Steps to Freedom by Noel Swanson lifetime. It is called getting into the Flow. these are all Quadrant 2 activities.
The easy thing to do in life is to drift. Until your reason why is strong enough. would be rushing down that plank to rescue the little one. Would you walk across it then? No? What if I offered you $30 to do it? How about $150? What if your little nine-month old baby was crawling along the plank and was about to fall off? I am guessing that most of you. especially those with kids. the reason why. It is also what you will continue to do unless you have a strong reason to do otherwise. Let me give you an example: If I were to lay a plank of wood. say 9 inches wide by 30ft long (25cm x 9m). Why? Because it is your dream that provides the motivation to succeed. So what was the difference? The only difference was the motivation.Your Plan for Security O kay. this week we will really start to rock and roll! But first lets just review how far you have come. down on the ground. would you be able to walk along it without falling off? Sure you would. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. -38- . By now I hope that your dream is starting to dominate your thinking. That reason is your dream. the chances are you will not do what it takes to make the money you desire. That is why I spend so much time emphasising the dream and the goals. That is what most of your friends and acquaintances are almost certainly doing. How about if it were raised a foot (30cm) off the ground? No problem. eh? Now.Step 5 .
Walk. So. This is important. You already know that life holds no guarantees.Developed your Dream Step 2 .. From Step 4 you will have already identified the holes in your security. then prosperity. Fortunately she is unhurt. You might do everything right. purpose in life Step 4 . In fact. I am sure. even as I am writing this I have just leant that my sister has flipped her car over. Believe me I know it . You do not need to take excessive risks to become free.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. and then be hit by a bus as you cross the road tomorrow. or your loving partner might develop leukemia. you need: -39- . this is quite likely as we are well overdue for it .Developed your own. But the car is a write-off. If you don’t. or. as it is only when you have this kind of confidence that you can safely embark on Step 6.see Rich Dad's Prophecy). You will survive. Once you boat is watertight. This is your action plan. when the going gets tough. So now it is simply a question of finding the right tools to plug those holes. and the second stage is Step 6.and wasted years in the process! But back to business. you will quit. then you can attach the outboard engine to it. then run. So far you have: Step 1 . The first stage is this week Step 5 of the plan.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why. or there is another great depression like in the 30's (actually. It will be done in two stages. you will do okay.to develop your plan for security. First security. You just never know what is around the corner..I’ve been there and done it countless times myself .Written down your Goals Step 3 . unique. although. 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. which is to develop your action plan for prosperity. what can you do to protect yourself? That is the goal of this week . In the face of all this uncertainty. With this you can have the confidence that whatever life does through at you. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. very shaken.
if by then we have made enough profit on the investments. 25.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. Everyone else needs life insurance. the insurance kicks in and they pay you the guaranteed minimum. the do-it-yourself route works perfectly well and is a lot cheaper. If you live longer than that. then we will pay you a cash settlement dependent on the value of the investments. If you die sooner than expected. We will invest this money (usually in the stock market or in bonds). then hopefully you will gain on the investment part. In addition. Often the process can take a long time. try this one. you are still a single student) or you are already financially independent then you can miss this out. 2) Life insurance. In the old days whole life insurance was very common and probably worked quite well. There are basically two types. So how do you do that? These days you can either do it yourself or get a lawyer to do it.99: It really is easy.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. If you have no dependents (e.normally to your nearest kin. and look after your own investments for your retirement. Whole life is a combination of insurance plus savings/investment. Without a will your possessions will be disposed of according to the prevailing law of the land . You can either buy a printed one from a stationers. so don’t put it off another day. whichever comes sooner. then we will also pay you a performance bonus of Z. -40- . You also have no option for any kind of tax planning. 40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X. If you make it to the predefined retirement age. or you can use a computer program that guides you through the process and then prints out your will at the end. No will is bad news write one now. ” So term insurance is pure insurance that protects you in case of the unexpected. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. it is only £9. Term insurance basically says this: “If you die at any time in the next 10. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. we will then pay out to your estate the minimum sum of X. When (not if) you die. Unless your affairs are very complicated.g. If you are in the UK. You will need to get a write-yourself-a will kit.
quotelinedirect. whether your partner will go back to work. so get a good one.go for rock solid. Until then. you need to review it every time your circumstance change . for the UK: http://www. see a specialist tax adviser. Your independent financial adviser can help. Check them out first. 3) Inheritance planning.000 in taxes. not a hard sell for one company! Or go for one of the online quote brokers.insure. statistically. in 20 or 30 years time. and what your expenses will be down the road (for example will the mortgage be paid off).asp US: http://www. 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. eg. you need it. You want that company to still be there. and add in a factor for inflation. If it is more complicated than that. Obviously the longer the term.uk/main/index. once your insurance is in place. -41- . How long do you need it for? You will need to consider the age of your children.co. This is particularly true for occupations that require manual work or mobility. the more expensive the premiums as they have to cover not just the increased risk due to time. This is not about getting the cheapest deal. This is about getting the safest deal. When choosing an insurance company .com Then. if not permanently are. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. But with simple planning you could easily save yourself over £50.his £200 fee could save your tens of thousands.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. 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. Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. You need independent advice. Standard Life is perhaps the most solid of them all. In Britain you have to pay 40% on everything over £250. horrendously high. You need to be thinking about setting up a power of attorney and perhaps a living will. That does it for death planning. Don’t scrimp .000 (which is not a lot if your mortgage is paid off!). but also that due to your aging. ready to pay out. What if you are severely incapacitated and unable to make decisions for yourself. If you have any decent Net Worth you need to take some advice on how to minimise death duties.especially if you have more children! Once you are rich you can cancel the policy.
Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4). and then put everything else towards the credit cards.always working from highest interest down. Pay the minimum on all your other debts. including mortgage. If not. Ideally you want to have enough money set aside to live on for 3 months. account. You will probably find that by doing so your mortgage will be gone in just a few years. if you -42- . Seriously. then start on the next debt . 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. exactly as much as you wrote down in b). f) Once the credit cards are paid off. d) Now tear up your new credit card. then your first priority is to pay off the debt. Pay cash instead.com/content/Retirementandwills/Planyourestate/P34945. then go without whatever it is you were trying to buy. if you are deep in debt. without any increase in your income. 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). Hopefully you will have paid it all off before they start charging you interest again.msn. By doing this your credit card balance will rapidly reduce. You don’t need it. your monthly repayments will be less. h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. If you have no cash. e) Because you have transferred your balance to a new. And ALWAYS paying off at least as much as you wrote down in b). c) If there are a lot of credit card debts. Renegotiate this so that each month you are paying back the sum in b). no interest. However. This is vital. each month. Once you have done this. or you will end up in even worse debt. Start putting some regular savings aside into a high interest savings account. but applies more or less everywhere): moneycentral. CLOSE the old accounts.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. save up for it .then you can either negotiate a special price for paying cash.asp To protect yourself you need: Step 5 1) Cash in the bank. you can probably pay off your entire debt. If you choose to. see if you can repeat step c). b) Write down how much you are paying each month in debt servicing. It is crucial that you still pay off. g) Eventually you will be left with just the mortgage. in just 7 years.
unfortunately. but is actually relatively expensive considering how limited the coverage is. but less useful are various types of critical illness or accident insurances. Avoid pure accident coverage. Get the latter. we will then pay out the following: “For the first. you will need someone who is independent to guide you through it. It seems cheap. 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). rather than to your old profession. If you are off work with the wrong illness. Check it out. depending on how secure your job is! So. After that we will pay out X per month. This comes in two varieties: One pays off your mortgage if you die. Step 5 2) Income protection or disability insurance (goes by different names). The problem with these is that they pay out only for certain pre-defined illnesses or accidents. lower paid job.” This type of insurance is. There are very many different types available so. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. Might be worth considering. Unless you pay extra premiums. you get nothing. to summarise.7 Steps to Freedom by Noel Swanson want everything NOW. if you are old. waiting. or until a certain age (normally retirement age).simply because they have to pay out so often. The amount we pay out may or may not be linked to inflation. You may also be offered mortgage protection insurance. period (anything from 2 weeks to 6 months) we will pay nothing. If you become ill or injured and are unable to work. very expensive . We will pay this until you are back to work. but is usually more expensive than plain ordinary term insurance. This says: “Pay us a regular monthly premium. This again seems cheap. again. or have various risk factors. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . Cheaper. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package. in a high risk job. then we could insist that you go back to an easier. The other variety protects you in case of unemployment. We will not cover you for any illnesses or disabilities that you already have.
6) Put some regular savings aside as an income cushion.com/estate/ http://moneycentral.asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus.7stepstofreedom.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. advice on estate planning and insurance. They have useful worksheets to help you calculate how much insurance you need.com/planning/home. -44- . http://www.quotelinedirect.99 http://www.co. We will continue Step 5 next week..com/ukwills.asp Both of these offer good.smartmoney.html This will redirect you to will-writing software that costs only £9.. free.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.msn.
Go back to “Step 4 continued”. R.found in fresh fruit and vegetables.produced from pure organically grown herbs and vegetables. I strongly recommend the book Health Defence by Dr. your taste buds. 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. so put it onto your Midas Method goals and get going: Here is some help: 1.what they do. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants . At the same time. Furthermore. This week. Furthermore. You have probably tried a dozen times and failed. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones. Last week we were preparing for the worst. So. Modern food is desperately short of good nutrients. help is at hand. but if you never start. we can be a bit more up-beat. to a large extent. you will never achieve it. there are probably a whole host of other vitamins etc. I know it is difficult to stop. The goal is to remove all the things that are blocking your flow.and it costs you money while it does this to you! Look. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. this week we will prepare to avoid the worst. Mostly we dealt with the unpleasant realities of death and incapacity. it is becoming clear that the effects of aging are.it ruins your health. Indeed. your fitness. Naturally. in the herbs that so far we know nothing about. very readable but very well researched account of nutritional supplements . Click here and take a look a GUARANTEED way to quit smoking. Clayton for a proper.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 don’t go for any old supplements. due to oxidative damage. not created in a laboratory. 2) Get a low-fat cookbook and experiment with some of the recipes . -45- . fortunately. . STOP SMOKING! You know it is crazy to carry on . On there you will see some questions that you answered either “yes” or “no”. and why. what you need. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. Naturally this will take some time.Live for Success! L ast week you started to put into place your plan for security.Step 5 cont. your good looks. Make sure you get the best . none of these are present in the artificially products. This really is very simple. Get it. your sex life .
marathon running. it has become absolutely clear to me that the biggest difference between the rich. archery. and maybe added some jewellery. canoeing (can be done on rivers.it is only hurting you. tennis. and what opportunities are open to you. If you really (and I mean really) cannot find the time to do this. not them! Over the years. With this programme you really have no excuses. It affects their self-worth and -46- . 4) Cut down on caffeine. They sent them out to the same places. windsurfing.it is much more fun to keep fit by doing a sport than by going to a gym. and many. How you dress does affect how people treat you. then take a look at Get Fit While You Sit. climbing. they took some volunteers. 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. If you need to apologise to someone. If you need to forgive. badminton. football. swimming. Here are just a few ideas: mountain biking. but when you start dressing smartly. 7) Make a decision to start dressing for success. lakes and the sea). You will meet new friends. fencing. did their hair up.throw it or give it away! The same with all your junk in your bedroom and wardrobes. The restaurant that was “fully booked” now suddenly had a table free. and optometrist/opthalmologist for your screening checks. smart clothes. and find a whole new dimension to life. 6) Clean out the garage and basement. Nearly all off them treated them with much more respect and attention. doctor. and then go along to watch or ask questions. plus the greater respect from those around you. hill walking and rambling. There has been some very interesting research about the effects of first impressions. squash. martial arts. This. ice hockey. and alcohol. both as a psychiatrist and as a businessman. They first dressed them in rough. None of the businesses recognised them. and there are so many to choose from! Ask at your local library for details of local clubs and courses. 5) Go and see your dentist. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. In one. golf. go and do it. netball. sailing. many more. you will start to feel better and more confident yourself. If you have not used it in 2 years . and the rest. is in they way they think. Then they dressed them in quality. 90% of people are trapped by their thoughts. So why not use this to your advantage? Not only that. go and do it .7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . casual clothes and sent them out to a variety of high street stores and restaurants. The difference was unbelievable.
. To become wealthy. We are done with the “boring” stuff. But that only touches the surface. and their bank balance.7 Steps to Freedom by Noel Swanson Step 5 happiness. What rarely gets talked about. One of his comments was how much more confident I myself had become since joining the Inner Circle. If you haven't. Remember. take a look at a few of the hundreds of testimonials the course has received. duty. Do not miss the opportunity to do this course. 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. Okay. their interactions with friends. It certainly opened my eyes! In fact. bosses and colleagues. go and do so now. On my website you will also find suggestions and help for other behavioural and learning difficulties. I was talking to a friend about this just yesterday. In this we will look at some of the money-making vehicles available to you. powerful and free.. Tidworth 9) If you are having difficulties with your children’s behaviour or learning . and by reading books such as The Midas Method and Rich Dad. The GOOD CHILD Guide is an excellent. And while you are there. You have already started to change your thinking by reading my newsletter. review your goals. place to start.do what it takes to get it right. so what have you got to lose? Or are you not serious about your future? "A brilliant course. even essential. you are going to have to invest something in your personal development. Read some books. there is the usual 100% money back guarantee. hire some extra tuition. Don’t let your false pride prevent you from having a happy and successful family. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. take some parenting classes. and see you next week. stick to your priorities. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together. What are they and which are the best? Do your homework. and so on are used by the powerful to herd the sheep in the directions they choose. -47- . is that way that tools such as guilt. fear. Poor Dad. It's a MUST if you want a life!" Kaz Lemmon. Next week we start Step 6. their marriages and other romantic relationships. and what really traps people.
And make sure you teach your children to start theirs now too. (as I hope will be too . So what would it be worth if you invested this amount. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work.. isn’t it? Last week you finished off working on your Plan for Security.I should know. It's goal is to provide us with a comfortable standard of living. 2. just in case. Lets assume you are on a fairly average $30..step 7 coming up soon!). then you have a big problem. the house will just collapse .000 per year. 10. The idea of this is that it is automatic. even if all our attempts to be prosperous or even rich fail. It is essential that you start this plan NOW. and requires no thought. Too many things are out of our control. if you have not already done so. Now. what it does require is time. your Plan for Comfort. this week we work on no. If you are already over 45 then time is something you are running out of. That would be $3. 1.. But make sure you are sitting down. routine. life is uncertain.. The plan for security was no. I am also making backup plans. What does our Plan for Comfort consists of? Quite simple: month after month after month we put aside a regular amount of savings. But don't bury your head in the sand. If that is your situation. year after year. The aim is to get as high a rate of interest as we can.Your Plan for Comfort W elcome back! This week we really set the wheels in motion. So while I am building my business. 15 or 20% return? Turn over to find out. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. By the time we have finished you will have in place three plans. But that’s what experience is all about. and sort it out. But unless you lay the right foundations. at 5. Face the problem now. although the plan requires no thought or work.Step 6 . That is the purpose of the Plan for Comfort.000 savings per year. -48- . You see.
563 2.147 329.533 12.315 2.325 26.247 3.930 10.575 19.357 8.911 70.968 398.657 42.750 9.221 51.338 45.915 32.338.569 45.000 2940 45.000 4.923 15.781 5.056 118.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.623 28.344 929.116 537.092 249.066 49.227 23.577 17.312.886 18.256 1.147 25.887 33000 2131 36.499 174224 3.510 168.497 59.392 1.723 27.490 174.000 2.980 6.812 52.000 5536 45.011 267.436 554.261 30.358 57.955 15.105 259.213 1.000 45.115.876 93.868 139.980 17.048 84.734 39.600 7.465 5.644 100.321 224.736 67.451 115.000 4.334 126.754 247.104 330.172 134.192 373.448 43.568 80.426 105.090 95.621 86.846 3.782 45.647 30.594 61.069 128.532 10.146 577.415 7.972 71.098 35.774.238 74.613 114.406 21.180 2.272 45.150 6.843 223.184 3.906 36.555 131.613 321.564 37.450 7.020 21000 1.539 3995447 18.392 9.195 29.751 50.518 43.430 448.300 6.000 3237 3399 45.605.021 45.315 20.494 1335718 20% 600 1.485 11.197 39816 3.000 45.925 92.000 5.939 4.623 107.920 13.796 61.057 154.548 129.849 115.554 153.000 3.458 9.351 16.738 151.137 10.861 185.720 116.088 763.229 271. 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 15.326 311.411 24.930 13.790 35.067 1.559 6.009.747 204.287 774.000 4.180 47.952 299.957 13.290 23.497 75.227 21.363 462.080 34.738 44.432 27.616 3.431 4.056 1.317 104.475 24.316 32.923 665908 3.139 55.051 15.588 213.462 31.869 185.681 1.899 12.701 878.432 22.742 142.448 110.165 437981 15% 450 968 1.005 100.468 664.832 2.000 3747 45.687 82.741 164.418 11.458 18.775 217.136 385.000 1.329.322 86.687 13.514 139.000 45000 45000 5813 6103 6409 6729 -49- .169 379.581 141310 10% 300 630 993 1.554 45.695 436.926.954 65.221 24.200 38.739 645.479 15.034 3.748 29.177 7.752 91.320 2.655 287.817 2.686 89.397 74.221 4.654 30000 1.620 44.153 70.000 2388 39.371 74.000 45.426 25.256 122.000 3934 4131 45.000 1.748 46.000 5.152 188.554 9.104 19.649 502.062 361.940 78.958 7.865 62.525 56.575 20.000 1.000 5% 150 308 473 647 829 3.620 99.074 4.161.308 37.995 1.
e.after 10 years you are almost 2. at 5% return. even putting aside $3.000 a year for the first 15 years). as every percentage point makes a huge difference over time.take a look at your financial situation (from Step 3).but better to face it now. at under 15% interest you will never be able to retire. I am sorry .000+) after 18 years. it would take you 50 years to build up to a yearly profit of over $30. consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. In fact. there are fewer and fewer young folk having to pay to support more and more of the old folk. or property).it takes a long time for the profits to build up. 2) The effect of time .000). profit is the profit earned that year. instead of putting money into savings and into taxes. The problem is that there are ever more elderly people. Now before you say.000 down considerably. what do you think will happen to the invesment markets? Yes . a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years. my pension or the government will look after me". health care). Notice three things: 1) The dramatic effect of a higher interest . So how does that work? Not only that. But don't forget safety as well. At the same time the younger generation will still be putting money into those things. 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).4 times better off if you are earning 20% compared to 5%. and you can see what your position is going to be when you are too old to work.e.000. And if that has almost caused you a heart attack. Especially since inflation will have watered even that $30. map onto that your current age. As a result. At that point. with the bulk of them retiring between 2015 and 2020.7 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. and they are living ever longer. and out of the government (state pensions. live of your passive earnings of $30. yet a whopping 14. Moral: you must go for the very highest rate you can get.6m v.they will -50- . but if all these retirees are taking money out of the investment markets in order to live.5-fold increase over 25 years ($1. 3) At 15% you can retire (i. we are putting in $3. out of savings (probably also the Stock Market. than when you have run out of both money and time at 70. "that's okay. especially at low interest rates.000 a year for 30 years. In other words. they are going to start to take money out out of their pensions (i. $110. i.e. So . the Stock Market).
7 Steps to Freedom by Noel Swanson Step 6 go down in value. in the above chart.g.your secure foundation will ensure that you don't get washed away with it. and those that run businesses. and your house comes tumbling down . and are thus the most expensive to look after. So where do you get a good consistent high rate of return? At present. And when the young folk see the market going down rather than up. Why? Because time is working for you. Then. The Plan for Comfort is supposed to be a conservative. Confidence is knowing what you will do if it doesn’t". what do you think will happen to your pension???? Are you happy to rely on it? No. houses to let). I -51- .000. But if the wind and the storms come (as they might). the best bet is still the Stock Market. at 15% interest. For example. That is why we all need a Plan for Comfort. there are still some factors that would support a futher boom period before the major crash that will result from the baby boom crisis in the years following 2010. So. But rising taxes means that those with wealth.000 and no further contributions.more old people. Steps 5 and 6 are about building confidence. on top of all this is the rising cost of medical care. Someone once told me that "Optimism is believing the best will happen. Net effect: Stock market crash. At year 20. Your Plan for Comfort (this week) is the foundation you build on that rock. but simply by the weight of demographics . However. And we need to start it now. less children to support them. we have put in a total contribution of $45. The other main option is to invest in residential property (e. low risk strategy. you would have $330. leads to less taxes actually paid. Caused not by fear or panic (although both will be there in abundance). Your Plan for Security (step 5) is the bedrock for your confidence. plus that fact that the elderly consume the most medical care. given all this. in turn. It is supposed to enable us to survive. nor am I. The result is a business depression which.they will take their money out for safety. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. You could get the same result by starting with a lump sum of just $23. Who will pay for this? To meet all these expenses. what will they do? You got it . Despite the bear market we have had over the past 2 years. To work it needs the maximum amount of time. even if all else fails. will leave to go to countries with lower taxes. the government will have to put taxes up.000 spaced out over 15 years. And it also needs as much pump-priming money as you can put into it.
our regular savings into the "system" .. If you put it off another year.. if your business takes off and you make your millions quicker than this. become very wealthy by investing in them. fine! But if not. Whichever you choose. Sure. now sell them and buy these.. you can develop a system that could pay you. saying "I will start next year when I have a bit more money". You could stop smoking for example (I told you I would keep nagging you!) You will -52- . And there is no great excitement in putting aside. But. 10-20% interest year after year. And sit on them. You will find a way. in real life it is never are smooth and regular as that. I want to chase the latest "Hot Stock" that is all set to double over the next six months. the reason you make so much money is because of leverage i. I mean.g. sit on them. that is so hard!!!! I want to do it my way. anything with a bit of spice (and risk) to it. No. others rather flat. emerging. of course. Until we hit the next depression. Hungary and Czech Republic) are prime examples. you will find yourself very rapidly bankrupt. But. the system is just that. sit on them. I promise. Put that regular amount of savings away month after month after month. But if property prices should go down (as they did by 80% in Japan during the 90's).e. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now.. like glue. every month. the effect is the same. what do we learn from this? 1) Get your comfortable plan in place. the system says buy these. Do NOT put it off. sit on them. There is no excitement in paying the insurance companies their monthly dues. over the long haul. The new entrants to the European Union (e. How will you manage without the money? You will. property markets to find some real bargains. The trouble is. Wait until the crash and then buy as many houses as you can. using a mortgage to multiply your investment..the "bottomless pit" my mother calls it. you need to develop your plan. But no.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. and STICK TO IT. Start today. Some years are way better. Maybe more. You see. or speculate on gold or currencies. at least you have a back up plan. you will be another year older before you get to enjoy the profits. TODAY. Set up a standing order so it happens automatically. Houses have gone up in value (like shares) for the past 40 years. No matter how boring a 10-20% return seems. If you set it up right. So. or. BUT. All I have to do is to follow the rules and do what it says. or buy options on oil. Or look to new. So take care. and stick to it. on average. a system. If they continue to go up you can. the plans for security and comfort are boring. sit on them. indeed. gosh. just keep plodding away. as whatever goes in there never comes out again. and your profits.
Once again.unless.and it can come from all sorts of unexpected directions. The goal this week is to put together the nuts and bolts of your plan for comfort namely. run for cover before the heavens open and it all comes crashing down.the hole in your bucket The biggest hindrance to growing your wealth is tax. Do not put it off any longer.at least until your yearly profits are double what you want to comfortably live on. your boring. Then have a look here to see how close (or not) your guess was. it will work even if you are doing the boring plan for comfort.7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free. and don't take it out. Keep reading. take anything out of your comfortable plan . Keep learning. Are you getting it yet? Put the money in. you could retire in year 18. you will be very glad that you took my advice! Tax . Whatever goes in. however. 2) Do not. The more you develop your financial intelligence. 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. 4) Keep your eye on the (financial) weather. When you see the storm clouds gathering. Now read it again. not confidence. over time. Imagine if you HAD started when you were 15? Just 10% of your income. That is optimism speaking. regular. under any circumstances whatever.000 a year. your Plan for Prosperity gets you there quicker. If your plan for prosperity does work. monthly savings that will. build up to your retirement fund . if you were still living on $30. the lower the risk of being destitute when you are old. How to earn up to 20% on your investments Want to know how to do it? Okay. Read that last paragraph again. stays in. But if adversity comes you way . It really is like a hole in your -53- . That is why it was called the Bottomless Pit. That is the only way the compounding can work. but start the habit and it soon will be. see if you can guess how much a packet a day is worth over 10 years. I must emphasise that you must do this. of course. Using the table above. 3) Teach your kids. Keep your eyes open. and you could get an average 15% return. lets go. and I hope it does. Won’t be much at first.
anything you do is at your own risk. so if you have any doubts about what you are doing. it just keeps leaking away. Then you reclaim the tax that you had paid on that money. One of the most risky situations to be in is to have no control over what you can do. This means that you can put more into your savings. Once in. leaving you with $70 in your hand. consult a suitably qualified professional. Most countries have them and they are normally of two types: Type 1 . But right now we are developing your safety net.perhaps. have many more tax advantages they can use. the money can grow tax free. these suggestions apply to middle class people who are either employed or self-employed. the drawback is that when you come to take your money out. The savings can then grow tax free. Type 2 . You earn $100. I am not an accountant or tax advisor . You put that $70 into the scheme and claim back the $30. But suppose the storm clouds gather. after-tax money into the scheme. and the rich. I am going to give you some suggestions to think about. People who run or control large businesses. at this time I do not know which system other countries use. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in. Do your -54- . if you have decided to retire to a sunny Caribbean tax haven. so we use what we can at this level.7 Steps to Freedom by Noel Swanson Step 6 bucket .after-tax savings: You put your normal. and can be withdrawn tax-free without penalty.before-tax savings: You put your normal after-tax money into the scheme. indeed. So you have to be smart and tax efficient in how you set up your savings plan. but remember. But. Furthermore. 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. This is the system used in Britain (ISA's) and the USA (Roth IRA). you then have to pay tax on it at the prevailing income tax rates. Tax-efficient saving schemes First. They are suggestions only. Suppose the tax rate is 30%. check out whatever government supported tax-efficient savings schemes there are. Of course. . If you took all the money out at that time (if. So be careful. you would likely be hit with a tax bill at the highest rate of tax. you could inform me? Both types will have rules about how much money you can put in each year.no matter how are you work at filling up the bucket.do not rely on my suggestions. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). So your $70 of savings has cost you only $40 out of your pocket. and a major stock market crash looks imminent. I am sorry. you are allowed to). so you pay $30 tax.
set up your monthly standing order and standing instructions. Your goal. is to get you money into a place where it can grow tax free. these schemes are a must . or running a business. I will tell you in a minute what you are looking for from them. so make sure that wherever you put your money. you may find that it is better to leave your savings in the company than to withdraw them. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. If the business goes down. as a subsidiary. over all. from inheritance tax. or are resident in more than one country. it is safe. use them to their maximum. know their limitations and. that it is a lifeboat in case everything else goes wrong. For the average person. This is very specialised so you must get advice. if appropriate. the holding company should still remain afloat. If you do have a company.7 Steps to Freedom by Noel Swanson Step 6 research. But be careful. and forget about it (see below). Using Trusts If you have a lot of money. The way around this is to have a holding company that in turn owns. they are at risk should your business go under. But get professional advice. That is to be avoided at all costs. If the savings are still owned by the same company as your business. from vindictive ex-spouses. Read Robert Kiyosaki's books for more information about how this can benefit you. Using Corporations If you are self-employed. and under your control.so it obviously works. Then pass the profits up to the holding company for safe keeping. But this is what the rich do .you need to get started NOW. The whole point of a plan for comfort is. and from personal bankruptcy and disaster by using carefully constructed Trusts. you may find that you can protect your assets from the tax man. so make it safe! Having said that . the company that runs your business.sign up for one. Roth Ira. it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. RRSP. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. after all. and be safe from any personal disasters you might face. 401(k) etc) 2) Then think about the other ideas. This is your security blanket. and then seek professional advice. -55- .
you will invest in an Investment Trust or Mutual Fund. this is not bad. RRSP. which is very convenient.000 You do not have enough.7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally. These are the indices that you hear quoted on the news. Many of then will run their own scheme. that is.$50. You will still get excellent returns over the long haul. 401(k)). How much do you have? Step 6 Okay. So. the next question is how much do you have to invest right now? There are three bands to think about: 0 .current investment of less than $20. but on average you will do averagely . which. you may have some phenomenal years. TSE 100. to invest in individual stocks or shares. Don't worry. The good news is that this allows you to participate in the stock market. It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA. no. Dow Jones.$20. will almost certainly give you a better return than fixed interest savings like bank accounts. and if they do poorly. the S&P 500. so will you. You will not get spectacular. Until the crash. yet. or bonds (gilts in UK). certificates of deposit. over time. here are the steps to take: 1) Find a good fund in which to invest. Allow you to automatically invest a regular.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . T-bills.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). and then let you participate in what they have done. Yes. These are companies that buy stocks and shares in huge quantities. consistent results.000 $50. so will you. The bad news is that most. That means that if they do well. national savings certificate. etc. You set -56- . all fund managers have a follow-the-herd mentality. monthly sum by standing order.000 $20. Instead.000 .
Set it up so that it goes right after your pay arrives in the bank. above average. The company should have a proven. This is how much the company charges you each year for running and administering your account for you. not hot-shot flash in the pan. 5. never. there is a lot of sense in thinking about this: Many of them are not only tax -57- . So maximise the use of the ISA.using a company or trust. completely stop the monthly savings . buying the shares or units at the prevailing price at the time. Then investigate the alternatives . you probably have too much to put straight into a tax-efficient scheme.7 Steps to Freedom by Noel Swanson Step 6 up the order. A real pain. RRSP. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income.000 .or that the charges go down to nil if you leave the money in for a few years. Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. 401(k) etc. Above all. Don't look for last year's stars . look for which company has been consistently at the top of the pile over 3. and they automatically invest it into the scheme. never. 3) Invest your initial lump sum in the scheme. If all else fails. First of all.and some more challenges. still put 10% aside.000. You want solid consistency. move onto Plan B Plan B . Instead.however little you are earning. Actually. 6) Keep going until the total amount invested is worth over $20.000 At this level you have a bit more flexibility .$50. 2) Do the same for your partner. you will just have to put it into an ordinary investment account and pay up the taxes when they are due.current investment of $20. Don't forget to see if you can use your children's allowances too. try to resist the temptation to lower the amount. never. When that happens. Commissions or other front or rear-end charges ("load") must be minimal. but the only alternative is to move to a lower tax country. Management charges should be low (less than 1%).they rarely perform well this year. and 10 years. 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. track record. and make sure that they are either nil . 5) Readjust your expenses so that you can live within your means.
provided you can find the information you need. So. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company. Charles Schwab. and so on. or online. many. Philippines. They will not give you any advice about what to buy or sell . In fact. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. Vanuatu. Just follow the instructions. have a look at www..then just invest in US shares (provided your scheme's rules allow it. In England. Goa (India). 4) Set up your monthly standing order to go into the second account for the rest of this financial year. So for not a lot of money you can live like kings. E*Trade. Isle of Man. Why struggle to become a millionaire. Yes. There are now 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. These are known as discount brokers. At this level you move on from investing in Unit Trusts. and a very low cost of living. Don't try to second-guess the market.com for information on various expatriate havens around the world. I know its boring.co.. Take a look at the British Virgin Islands. trust. TD are examples. but also they have lovely climates.uk run a self-directed Maxi ISA. In Canada this is called a self-directed RRSP. You are also looking for low trading costs (commission on buying and selling shares). or whatever if you can). 2) Invest the maximum amount you can into the scheme. Belize. If you can't .it is very little work. Divide up the total amount that you have to invest.escapeartist. Note: these strategies will work equally well on your own country's stock exchange. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). when you could move to one of these places and live like one right now? Anyway. and spread it evenly across the 10 shares that qualify. You will earn a higher return than Plan A. Read it. Normally you can do this by phone. Just do it. which is just what you want.but you don't want that anyway. Mutual Funds and Investment Trusts. but it still -58- . looking for minimal set up and maintenance charges. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8). Scottrade. The only thing that stops you is your fear. All they will do is take your instructions and act on them.7 Steps to Freedom by Noel Swanson Step 6 free. fax. www. again... You now have enough to begin investing in individual shares. Follow 0'Shaughnessy's instructions exactly .. You are. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. back to the plot. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow".sharepeople.
But be warned. Hmm. however.000. In fact. We are probably even going to go into a depression as serious as the 1930's.but do you have a better plan? So how come your not already rich and free? -59- . sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. I.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. I don't have a crystal ball .they don't! Second. read Financial Reckoning Day and Conquer the Crash). And even cash might not be safe. you should make 18-19% return. the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy. it may well be a rocky ride for the next few years. First. Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very. long-term plan. But this is supposed to be a mechanical. But for your boring. I would tell you to keep your money in cash until then. and then invest after the crash (always the best time). Leaders with Lustre.and don't let any fancy market analyst tell you that they have . Any less and you could be in for a nasty shock if luck is against you. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). perhaps in 2004 or 2005). put the money away each month and forget about it. Then move on to Plan C. probably the safest bet would be gold (if you want to read more about the likelihood of a depression. So. just because the market has gone up for 40 years doesn't mean it will go up forever.4 of Plan B. On the other hand.e. that Reasonable Runaways has significant volatility. very. mechanical plan for comfort. or the combination of the two). and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years .current investment of more than $50. however. if I knew for sure the market would crash next year. soon (i. Maybe you will over the short term. Please note. That means that some years you may make a loss! Overall. and you may start panicking that you are losing instead of making money. But that would mean you have to get into the game of trying to predict the market. no-brain.e. Plan C . But you must view this as a long term strategy of at least 10 years. just follow the rules. Follow steps 1 . In fact probably quite the opposite. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways. passive. and then tell you the market will crash? Tricky. Preferably 15 or 20. which defeats the object of having a mechanical plan.000 Now you are really rocking. At this stage you can go for a full-blown diversified portfolio of 25 different shares.
so stop worrying about it and go and get a life! All three of these plans require minimal work. That is not the goal. You can literally forget about them from year to year. by the time the crash comes. You can even learn to make money when the market is going down. let me ask you one thing: Are you actually going to do it? Set -60- . You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility. Okay there it is: now you need to go out and make it happen. you are asleep and oblivious when the crash comes. but it will require more work. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. I am not your financial advisor. That is what this is all about. In fact. See you next week for Step 7 . Follow O'Shaughnessy's instructions exactly. and then you just forget about them from one year to the next. Then. namely following the market each week according to some pre-defined rules. You are on your own and you have to figure it out yourself. That might cost you big-time if. After the crash they will work again. This is your Plan for Comfort. The will work excellently up until we have a major stock market crash. But none of this is applicable to your plan for comfort at this stage.Your Plan for Prosperity! STOP! Before you go.you have to start pedalling the bicycle before you can start to steer it.thinking about it will only make you stressed. before too long will probably start to take a more active interest in your plan. Especially forget about it during the rest of the year . this is my suggestion (and it is a suggestion only. There are NO guarantees in life. as a result. So. They will take a few days to set up.7 Steps to Freedom by Noel Swanson Step 6 As you can see. The advantage of these systems is that they are completely mechanical and require no thought. Remember this is your long term back-up plan. you will have learnt enough to be able to protect yourself from it. That is the goal. Hopefully. It won't make you rich. In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. this is all about getting your head straight. and have a backup plan. Don't wait to know more before you start . Hopefully it will prevent you from being poor. The disadvantage is that they are completely mechanical and require no thought. You can literally forget about them from year to year. get to work developing your financial intelligence. once the plan is up and running on autopilot. Follow the instructions religiously. So play for the long term. if you do devote yourself to developing your financial IQ.
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. If you are having any thoughts at all about playing the stock market in any way. -61- . I mean. Alexander Elder (another psychiatrist. In fact. both by Dr. I bet you don’t. by the way!). I think you would be stupid to try to invest in the stock market (other than by a mechanical plan as above) without first reading them.. You need know nothing about the stock market to operate them successfully.. And when then do.there always seem to be much better/easier ways of making money than putting 10% into savings each month. 20 years. you must first read Trading for a Living and Come Into My Trading Room. In fact. Two excellent books that have been widely read . it is probably better if you don't. 15 and 20 years will pass. Want to read more about this principle? Get hold of The Wealthy Barber. 15.7 Steps to Freedom by Noel Swanson up your comfortable plan. Beside you "can’t" spare the money right now. And it takes so long. Step 6 Do you know why I say that? Because it is so boring .yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy.10. since you are then less likely to fiddle with them!. do it now. These are the best books I have ever read on how to invest (and I have read plenty). Who wants to wait that long to make some decent money? But you know what? 10. Essential Stock Market Books The plans described above are completely mechanical. They are absolutely essential reading. or The Richest Man in Babylon.
But you need a jet or a ship to take you to a different continent. and on your mission in life (Step 4. you will do what it takes to either find a different bus. This week we are going to look at some different vehicles that you can use to get to your goal. Perhaps none of these will suit you. But Dreams and Goals. However. Which will suit you will depend on your dreams. some of which are a lot easier than others. Confidence? Your plans for Security and Comfort are about confidence. This week we start to plan for the best. they do fall into a number of categories. Remember we talked about Optimism v. By now you will have (I hope) some clear dreams and goals. or find another means of transport. Your Plan for Prosperity is about Optimism. Without the passion inspired by the dream. If you do that.Step 7 . in themselves.Your Plan for Prosperity A t last we are getting the meat of it! This is what you signed up for in the beginning wasn't it? I hope you realised now how important it was to cover all the other stuff first? So. If you don’t then living your life is rather like getting on a bus without first checking on where it is going. remember?). at least. of course. 2) They keep you motivated. If the bus you are on breaks down. and then work downwards. as many ways to reach your goals as there are people. A bicycle will get you to the nearest convenience store. you won’t get on the bus that goes somewhere else. You need a vehicle. If you know where you want to go. the vehicle you choose depends a lot on the destination you have in mind. There are. I will start with what I believe to be the very easiest ways to make money. act as a spur to find your own vehicle for success. but hopefully they will. 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. you would probably just sit down beside the road and hope that someone comes to rescue you. here it is: your Plan for Prosperity. But note again. and stops you getting side-tracked. Over the last few weeks we have been planning for the worst. -62- . won’t get you there.
you will have to provide a service to people. People who are selling products or services need customers. direct mail. The greater the value of that service. To do this they need to advertise. and so quick to produce results. Except in very rare situations. So how do you make money on the internet? Essentially you have to do one or both of the following: a) sell a product or service b) sell advertising There is no other way. work hard. here are my suggestions. But what is the truth? Well. is that it is so cheap to get started. Or they might buy their position through Google Ad-words. you are going to have to run a business of some sort. They can only get customers by getting the word out and telling them about their products. like newspapers. The beauty about it.and then find a way to be at the top of the list. To do this. But if you get it right. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . however.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. or Overture.the majority of websites make no money. and the greater the number of people. through which business can be conducted. 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. It is just another medium. the more money you will make. and persevere. in turn. You don’t get rich working for other people . Both of these make it ideal for the keen and determined newbie. if you are to be the one that makes the money from the service you provide. Almost always their goal is to attract people to visit their website where they will.com -63- . be induced to buy.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. you can become very wealthy indeed. in order to make money. radio and TV. But there are many ways of doing the above. they might employ various search engine optimisation strategies. In the end there is nothing special about the internet. in order of preference: 1) The internet. the reality is that it is like anything else .
service. Then. if the web pages get a lot of traffic themselves. With my program. and some other excellent affiliate programs). But again. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. for example. These sales people are called affiliates or associates. if they then become affiliates themselves. free ebooks and other tips and tools to get you up and earning money as quickly as possible.such as my own (click here for more details about my own. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. But that is only worth doing. 5) Recruit other people to sell on their behalf. You can get started with absolutely no capital. Better still. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. -64- . there is a host of ways in which you can get involved in the above list . 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. 7) Sell the product by auction using Ebay or similar. or company.either as a seller of a product yourself. if you want to make money from the web. you would be wise to invest some money on further training and education. way to start making money on the web.50% commission. once they have successfully sold to a customer.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages. Like mine. or as someone who provides services or products to assist in the above process. every time someone buys something as a result. and then pay them a commission for each sale. and certainly the cheapest. most will provide regular emails. They will normally do this by repeated e-mailings to their client base. they will want to sell to that same customer again and again. Here are some ideas to get you started: 1) Join an affiliate program . if you don't want to waste a lot of time and really want to make the big time. 3) Send out regular email newsletters to people who have expressed an interest in their product. Joining an affiliate program is probably the easiest. you will earn 15% commission on everything they sell! A good affiliate program will provide excellent training on how to become successful after all it is in the company's best interests to make you as successful as possible. you will earn a 40%. Now.
Yahoo. Take a look at anonemailer. it is money well spent. etc. ice skating. This is the affiliate model. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. All of these work. or the number of people in a mailing list. they will start to listen to. and how to avoid the common mistakes people make.com for an example of a very simple site that attracts people for the free service. Again. this is for building a contentrich site. One with a lot more content is.so I can highly recommend them from personal experience! Click here for more info. It can be about anything in the world. 3) Develop your own website. How do you build a content-rich site? My recommendation is to go to Site Build It. But the bottom line is that you need lots of people to show these ads to.this could be the number of visitors to your site.for example. plus the fact that they walk you through every step of building a successful content-rich site. You get paid for the number of times the ad is shown . and trust. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. 2) Develop your own mailing list of opt-in subscribers. In fact. At first sight this appears expensive. pets. games.on football. PPC: Pay per Click . the more money you can make by selling advertising on your website. by providing some kind of free service. However. full of content. Note. movies. not a mini-site (more on those later). And you can get everything in-between . skiing. or suggest products from which you will earn a commission as an affiliate. but clearly have pros and cons. knitting. Commission: You get paid for each sale. when you work out the cost of all the services they provide. your advice and recommendations. or better still.so make your site interesting . This is the method used by Goodgle Ad-sense. But the more visitors you can get. The great thing about Google's ad sense is that the adverts automatically customise -65- . if you are going to make some money . that attracts many visitors.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.you get paid for everytime someone clicks through on the ad. it was these tapes that got me started on my journey to internet profits . At this point you can then sell advertising space in your newsletter. of course. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. etc.
pornography is the biggest. Sex. The good news (of course!) is that I have put just such a bundle together for you. if your morals and ethics permit you. I will be quick to point out that I have no personal experience of either of these. -66- . One way of using this strategy is to put up hundreds of different mini-sites. so cannot point you very far in the right direction.Business to Customer . a boat. But. however. whatever. hairspray. I know. B2B .you sell a retail product or service that the ordinary man in the street wants for personal reasons . and Health are major needs that everyone has. tools. and online gambling is a close second. or how to collect bird feathers. each focussed on one niche product. But.$10 a day. skips. yet are rarely talked about in internet marketing circles. The key to both of these is to find a niche. you would be far better off looking for small niche markets like teaching your parrot to sing. What are they? Well. Each site might earn only $5 . Essentially this falls into two types: B2C . as a newbie.Business to Business . they might be worth your consideration. a newsletter.7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. or how to be a better transvestite. There are two other businesses that earn people huge amounts of money. tools that help automation. Have a read of this free ebook for more information about how to find and use niche markets. pneumatic drills.you sell component parts. But if you had a hundred. services or information to other businesses to help them to succeed. Even better. Examples include: accounting services. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well.lest any of the internet gurus start accusing me of libel!). and so there are huge industries trying to exploit these "niches". Obviously Money. e. graphic design. 5) Not for the faint hearted. how much would that earn you? To do this quickly. etc. Why? Because most people would be too embarrassed or ashamed to admit that they are involved in them in any way (and most of them are NOT involved . autoresponders.g. search engine optimisation. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service. a car. Be aware. 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. to find a niche that has a desperate need that is currently poorly met. But the point is that there are countless tiny markets waiting to be filled. I am quoting silly examples. you need some tools.it might be a novel.
then you are probably well advised to buy a full package of advice and tools.$3000. So be very careful about what you go for. How long it takes you depends on your determination. or you will have to spend long hours hunting for it (and remember. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. time is money). of course!): If it is bad advice. probably most importantly. or you will have to pay for it. especially on the web: Information can be: Free Quick Good but rarely all three. you can quickly find a lot of information. which might cost you $100 . so it is ideal for starting alongside your regular day job. If you are really serious. Oh. you can fit it around your normal daily schedule. okay then. than to try to do it on the cheap by -67- . very. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. So. There is a very true maxim about information. your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. In other words. different from mainstream marketing. or sets you off in the wrong direction. If you want good quality information then you will either have to pay for it. but either it will be of poor quality. persistence and. I do have something that could get you started. Click here for information on starting an online casino. That in itself is a problem as you just don’t know where to start.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. do your homework before you dive in. once again. 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. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. And do stay on the right side of the law. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook.
But be careful. so don’t be afraid to buy their expertise. for example. If you rent out. Get them. Also go and visit Frank Garon and Lee Benson. and is able and willing to share it. Carry out your due diligence. The resources I have recommended above are invaluable. then you might have to pay out money if you want to sell it. (Actually. 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. Sooner or later. Check the location. Auctions are a good place to look. again. McDonald’s.g. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium. that are in an area that is clearly on the way up. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. will cost you some pennies. -68- . then you would be better off just investing the money in the bank. So. These guys are the very best. or else rent out. If it pays less than this. you don’t need anything else to get going and to become successful) So. location.e. It is a real estate business that uses hamburgers as its tool. but once you have it. Obviously this eliminates most of the risk. for example. It is not difficult to buy properties for no money down. Ideally you want to find properties that are being sold in distress . if you make any money. location. At an auction you can easily end up paying MORE than the property is worth. the NET rent (after all maintenance and management costs) needs to pay more than the cost of a 100% mortgage (this is true even if you are not using a 100% mortgage). So check things out. has been there. you are going to be involved in real estate deals.99 or whatever. is not a hamburger business. the same applies for every other business .the Golden Mailbox. how do you get it right in real estate? Do the sums. Then you need to either renovate and sell at a profit.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. So if you get it wrong it can be a slow and very painful death. done it. 2) Investing in real estate. repossessions. where do you start? My recommendation is to go to someone who knows what he is talking about.
you are probably going to want to have a portfolio of income producing properties. Stay out of a deal until you are confident (i. taxation. therefore. 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.e. The best way of all would be to get a job as a real estate agent. local planning permission rules. to retire. if this takes your fancy. The average length of a property bull market is 7 years. Learn about financing deals. In Japan property prices have gone down by 80%. That will be the time to buy. Ultimately. This one has been going on for 10 years or more. and even the selling costs. Also is is probably not a good time to get on board as an investor.the buying costs. allowance for vacancy rates. broker's commission. Don’t be reckless. perhaps a major one. But it is not enough if you are about to invest thousands of hard earned dollars. landlord-tenant laws. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . At the moment (2004) we are in a property boom. A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. taxes. That is not true. and then calculate your projected profits or losses. Start with Robert Allen's book. renovations. here are my recommendations: Take the time to learn the business. You have to do your research. one absolutely essential tool that you need for this is a Real Estate Profit Calculator.. Remember luck = opportunity + preparation.it is a great time to be an agent. Look at lots of properties before committing to buy . By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. not now. At some point there will be a correction. this in itself will not be enough. People say that property will always go up. Don’t be just optimistic. What is more. not just how to sell to other people!). legal fees. That means two things . Just one point of warning. etc. you have a plan for if it all goes wrong). Also look here for ideas on how to buy with no-moneydown. you have to do it accurately. And then they wonder why their "perfect investment" is eating them alive! Clearly. as more sales means more commission. You should do these calculations with your -69- .7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process..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. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . You also need to supplement that with learning about how to invest for yourself (i. However. how to survey a property for yourself. So.e. First do the preparation.
Similarly. realistically you are going to need a bit of capital to get started in this. if you can become an expert on marketing. Now. -70- .and you would receive this percentage year after year. Although you can do no-money down deals. Only when you have done all of that. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). this proposition carries no risk to the company . but it demonstrates the principle.g. for example. Far better than just charging an upfront. You will need to be an analytical and creative thinker. And you also know of an excellent flower shop.) Apart from your initial learning costs. (But then that is true of every business. You can get your profit calculator from here. most ordinary companies are absolutely dreadful at marketing. Then you might have to do some jobs completely free of charge. 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. All I ask is that if I earn for you a $1 that you would not otherwise have earned.7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. Clearly you will have to do some studying first. I will even design specific campaigns. and you would have to protect your interests in setting it up. 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 . However.yet offers to you enormous leverage if you can get it right. and only earn later. one-off fee. making this kind of money should be easy. if you take your lady to a restaurant for a special occasion. so once you know your stuff. You will have to be confident of what you know. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen. that you will give back to me just 25c. I will do all of this entirely at my own expense at no upfront cost. Don't try to do real estate investing without it.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. 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. Obviously this is a very small example. As you can see. you know of an excellent restaurant. your capital requirement for this is very low. depending on the size of deals you area wanting to start off with. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose.
4) Direct Mail and Mail Order My next recommendation is a home based business. and has low risk. In fact. until it provides enough for you to retire. It can be started on a shoestring. you are pretty much on your own with this one .bringing your online business to the huge offline market. it can very effectively enhance both of these . Or you can buy them wholesale. often in a very short time. tell you exactly what to do and how to do it. The principles are very easily learnt and. alongside your day job. It is very time efficient and. unlike the first business. That means you can run it in your spare time. -71- . so there is a huge market offline for the same information that is selling online.e. information are ideal. You can create these: ink and paper. The principles and techniques of direct mail are also invaluable for both a conventional offline business. but if you can put more money into it. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . this one can work for pretty well anyone.you can get started for under $1000 and build it up from there. naturally. and I will point you in the right direction. as it is all done from a distance. Indeed. 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. again. It is not a people business. if you follow them then you can achieve your dreams. Remember that most people are NOT on the internet. Who does it suit? Once again. again. Both have made millions from the business so can.by that I mean you have to work out for yourself. and for an internet business. exactly how you are going to run it.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. has been used by countless people to haul them out of servitude and into the ranks of the wealthy. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. then you can grow it much faster (which is true for pretty well any business). However.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. It is a very easy business to run. allows you to multiply your efforts for maximum profits. i. more distant market. Click here for more details. (But then that applies to just about every other business I can think of!) Risk is low . you need not have any contact with anyone if you so choose. It does also require you to come up with some products to sell. and bringing your offline local business to a much wider. and do. and requires no technical ability.
The emphasis. Works great for the sales agents (that's you) also .7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. to be honest. except that it goes several layers deep instead of just two. On the other hand.they just pay on results. changed all of that. think again! Network marketing (also known as muli-level marketing. The business model is very sound. The internet has. of course. and you can have hundreds of people out there selling stuff . or selling by direct mail. as with everything else. and your team. And you can grow your team much faster than every before. the concept is simple: The company produces a product (ideally one that has repeat customers. But they also give these sales people the authority to recruit more sales people. In pre-internet days. but well established type of home based business Network Marketing. And then they reward you for the sales made by the people you recruit . Now your prospects. like a subscription. this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. but also on recruiting more people to sell products as part of your team. therefore.and the people they recruit .provided you can build a large team.and you get a small commission on every item they sell! Works great for the company . This is identical to an affiliate program. the reality. In case you are not familiar with it. may live in any country around the globe.and further on. Rather than opening up an expensive store. But still you need to be good at communicating.like soap or vitamins) that it wants to sell. MLM) has come a long way over the past 30 years. they decide to use sales people who are paid strictly on commission. and done diligently. right. down through many levels (hence MLM). You -72- . Now. or a consumable that is used daily . is that the majority of people who get into it never make a dime. and good at motivating people. MLM can bring you a very substantial passive income. goes not just on selling products. There is no question that done right. 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. Done.
And you will have to love talking to people. Are there other ways of making big money? Of course there are. check these five out carefully. Either way. In the meantime. right?). a great product (that you would use yourself) and. when you wonder if it is ever going to work. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. Quitters never win and winners never quit. You will also have times of deep despair. nor do any of them guarantee success (which is why you are still working on your plan for comfort. are the easiest and most reliable for the ordinary person to get into. Or. Others sprang up last month. -73- . do not waste time and money fumbling around trying to find a decent program. Next week we will look at some other ways to make money. You don’t have to be a genius. Click here for more info. My guess is that one or other of these is just what you need. Then all you need to add is your own enthusiasm and determination. Some have been around for decades. I believe. personally.7 Steps to Freedom by Noel Swanson will still need to use the phone. None of them are a free ticket on the gravy train. For all of them you will need commitment. But these five. you will have saved yourself a lot of time. perhaps most importantly. Make sure they have a strong and reliable history. so you should know about them and consider them. makes half his income from his MLM team. This will absolutely get you off to the very best start. frustration and disappointment. that they provide a lot of training and support to help you become successful. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. When you embark on them. you will experience times of excitement and exhilaration as you see your dreams getting closer. You just have to want your dreams badly enough. determination and perseverance. Hang in there and just keep working the system. Want to know how to get started? Whatever you do. Be very careful which programs you join. after listening. Different things suit different people. Be wise and get the knowledge first. you may decide that MLM is not for you. a lot of money. and a lot of grief.
and only 25% in the vehicle or tool you use to achieve it. So that value -74- . Here is a common scenario: A young entrepreneur develops a new business and becomes a millionaire. me. you are still limited by the amount of work you.and both can be cured! Keep reading. If you do that. He learns from his mistakes. Mistakes are not bad. provided you are willing to learn from them. then go for them! 1). Instead. What you do not want to do is to offer your expertise as a flat fee or a fee per hour.perhaps as a senior technical advisor. But still. Now. nor luck . you may have thought of this before. Keep listening to tapes.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. The more you develop as a person. After that he then starts a completely different business and becomes a multi-millionaire. otherwise they would not think of hiring you. the goal is to leverage your time and expertise so that they work for you. or else they require much higher levels of start-up capital or specialist expertise.Step 7 cont. . nor their better intelligence. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. This week we examine some more ways of making money.it is the way they think. and all your friends to become fabulously wealthy. etc. or marketing director. personally. Are you an expert at what you do? Have you been working at a high level in a traditional big business . if they suit you better. your income also stops. and the more you raise your financial IQ. Success is 75% in the brain. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. Also. The only thing that stops you is your fears and your ignorance . These are either much harder and more risky than my top five. Why does all that happen? He makes his first fortune because he is able to see the opportunities.? If so. then you might be able to branch out as a freelance consultant. Consulting. The difference between the rich and the rest is not their special skills. can fit into a week. once you stop working. no matter how much you charge. Once again. But the key to making big money in this is in the way that you do it. The business then fails and he goes bankrupt. He loses the fortune because he lacks the financial intelligence to safely manage his success. or senior manager. the more opportunities you will see.
The average man in the street . risk has to do with ignorance. You will also find invaluable help from the tapes by Nightingale-Conant. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market. In other words you work just like the lawyers do with their contingency fees . Over the past 3 years the stock market has been going up and down like a jack-in-the-box. To be consistently profitable. down. It is expensive.7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. year. Either way. I consider the number 1 most essential books to be those by Dr. There are systems that work. It is very easy to get burnt. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. So how do you make money on it? Two things: knowledge. don’t listen to your stock broker . 2) Investing. it can certainly be the means to maintain and even multiply your wealth. as you become wealthy. But you have to stick to them over the long term. Now. then they pay nothing. To do this you will need some training in marketing yourself. or sideways. Then start trading with a "virtual portfolio" before you put any real money into it. that ordinary people can use. That is so important. Whatever you do. that is fine . the key to building wealth is first to not lose it! As Robert Kiyosaki says.remember. But the sophisticated investor is making money. 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. But if you can improve their bollom line . and in negotiating. you need to have a very disciplined system. don't stop doing that! If you choose to take up investing as your Plan for Prosperity. as you develop your wealth through other means. it is unlikely to be the means by which you achieve rapid wealth.then you receive a percentage . Return of investment comes before return on investment! As I have said before.each month. Once again. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham.as long as you also continue the boring Plan for Comfort. -75- . or else decreased expenses for them. you will be developing an investment portfolio. However. or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. he lost money too! Ultimately. and a system.and indeed the average "expert" is losing money. Remember. or of the amount your expertise is saving them. Whatever you do. Start to develop your investing knowledge. 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. But unless you are very clever.if your consulting brings them no benefit.
most businesses are not making their owners rich .not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So. you are pretty much guaranteed to make a profit from the business. using the exact same formula. Headaches with staff and government regulations. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free . then you are laughing all the way to the bank. But rather than risking your own money on it. Then you roll out that business in multiple locations. A brilliant concept. as they have done so in the past. Yes. But is it a good plan for the franchise buyer? Yes and No.even to McDonald's) 5) Traditional Businesses.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. Get those first. you rent the system to other businessmen. or the money for the books.1 (from last week) you could already be retired by that time! Even then. there is a cap on how much you can earn. Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. however. You cannot multiply your business . On the positive side. But there are much smaller franchises also. Finally. my assessment is: high cost to get into.but then the whole idea is that you are trusting them to do it right. First you develop a business that works. two problems: First. which is all handled centrally.5 years! With business no. Obviously if you can be the originator of a successful franchise chain. you have to pay the franchiser a start up fee in order to learn the system and get on-board. as all the details have already been worked out for you. Almost certainly long hours. because it is a low risk way of getting into business .someone has already taken the risk and done the work. then you need to stay well clear of the stock market! 4) Franchises. The system now works. and still potential for losing everything (it happens . High capital to get started. And you won’t make any money for the first 3.they are merely -76- . McDonald’s is the example everyone knows about. If you can't afford the time to study. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget.because they are the ones doing the multiplying. 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 . This means that there is quite a high barrier to starting up. and limited upside potential (although you can still get pretty rich from some of them). Be careful with the small ones (like wheelie bin cleaning. There are. and all you have to do is copy it.
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 . or I will refund the entire cost. and turn your traditional business into your retirement cash cow. not yet anyway. Well. But you can have all of those and still go broke? Why? Almost always because of either poor marketing. For that reason I would suggest you take some money out of your next advertising budget. The first place to start is with the financial management. You are going to have to do something a bit different if you are going to stand out from the crowd. The good news is that both of those can be fixed! Provided you are prepared to do your homework. 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. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. -77- . or the internet. and then sell it. and buy both of these resources instead: a) The Golden Mailbox and. you are not running a mail-order business and you don't know anything about marketing on the internet. maybe you are already in a traditional business. they will work whatever country you are in. In fact. I will refund you your entire purchase price without any quibbles or hassle. Yes you need good customer service. Okay. The fact is that whether or not you end up using "pure" mail-order. Then start to learn about advertising. of course. traditional business. Go see your accountant and plug all the holes through which your money is leaking out.and yes. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. or poor cash-flow management. by the end of that time (or at anytime before then). I know. That's right. Use what you have learned from them for a full year. you are not fully convinced that will have paid for themselves 10-times over. how is this for a plan: Build it up as quickly as you can to a highly profitable level. If. Yes you need good products. guess what? Almost certainly the key is going to be the marketing. Take a look at the owner of your local high street store (non-franchise).). Go get them now. What then? Well. b) How to Promote Your Offline Business Online I know. these materials (together as a bundle) have to earn you at least 10 times their purchase price.7 Steps to Freedom by Noel Swanson Step 7 getting by.
And stick to it. But only try it if you are a genius at selling. then by all means exploit it.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . or that will reward you in proportion to your success. if you have already written what should be a best-seller. then you can use your talent to set you free. but most will fall into the above categories. Study and learn. And then. -78- . Much has to do with who you know. i. You sell one policy. You get a good sized commission cheque up front. be focussed. His first novel sold 5000 copies. The classic example of this is life insurance. why did it make it the second time? It takes persistence to write a second one when your first one made no money. developing your mind and your skills will be crucial. If that is you. And again. In this case it is about selling things that produce a long term residual income. acting. Learn all you can about marketing. Choose one (or maybe more). But once again you have to do it right. His second became a bestseller. There are as many ways to make money as there are people. and with luck ( dare I say that word?) and timing. Keep working the system until it works for you.writing.even if only for a day! Click here for the low down! 7) Sales. year after year you get a smaller cheque each time the client renews. you 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 . is about leveraging your time. Some people are born salesmen. Right. music. and get out there and strut your stuff. The key. This time it sold hundreds of thousands. If you have a genius talent at something. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). Work hard in the early years to develop a large client base. sports. why did it not make it the first time? Or if it was that mediocre. Later on. You can't do them all. Find a brilliant agent and marketing manager. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. Invest in your financial education. do your art as a hobbie until it starts to pay off! Finally. not your time. that’s about it. they re-issued the first novel. once again. and you can continue to receive these cheques for many years to come. His second could just as easily have flopped again. Take John Grisham as an example. Read all you can.don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. Above all. Would he then have written a third? Would that one have been discovered? If you follow this path. And learn about doing Joint Venture and percentage deals .e. 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.
probably for only a few years .40 hours a week for 40 years to make someone else rich. and at the same time you are increasing your knowledge about the market as well as meeting the right contacts. Remember .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.then why not get a job as a real estate agent? That way you earn money today. The choice. For example. if you want to build up a real estate portfolio . -79- . Or you can work your own plan . as they say. But even here you can be smart.and then be FREE.you can either keep working the 40-40 plan . is yours.
the artists.and if you have genuinely done the exercises you will have done some hard work . Yet you. in your daily-grind job. the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old. the edge that separates the best from the rest is their mindset. we have reached "the end".Step 8 . We have gone full circle. This is attested to by everyone who is a self-made success . about possibility thinking. about daring to believe. and Rich.in whatever field of endeavour they are in. Ask the businessmen. After all that brainwashing it is going to take a bit of time to get your head straight. So the end really is the beginning. show that you have got what it takes to make it big. the athletes. I’ve heard all this before. We have covered an awful lot of stuff over the past few months. not the finish. like The Midas Method. change the way you think. Dad. to keep you on track. yeah. you need to write down what your three plans are: your Plan for Security. At the beginning I was talking about dreams and goals. your Plan for Comfort -80- . mindset! Everyone who is wealthy says "Read the books. teaching you how to be a good employee. also teaching you how to be a good employee. So where do you go from here? Well. the key to wealth is not what you do. many of them spend literally tens of thousands of dollars doing so. In every case. After that you maybe had further education or vocational training. the explorers. I recommended them because I think they are the best. of course. Inner Circle. But what has this to do with me becoming free?" I also recommended some reading. So now.evidence that you are not content to stay as an ordinary Joe. At school you had 12 years of indoctrination. Dad." In fact. Of course you and I know that it is just the start. employee. listen to the tapes. and you probably did not buy any of them . the inventors. At the time you probably thought "Oh. That you have made it to here does. indeed. You see."how is this going to make me rich?".. guess what? You need to WRITE DOWN YOUR PLAN.The end is the beginning S o. Remember. knew better than them! Which is. Poor. it is how you think. why you are poor and they are rich! But you have stuck with me this far .I hope that it is all making more sense to you. They certainly transformed my thinking! Now that we have been through a bit together ..
or opening an investment account. Then the second part will be the more general strategy. listen to 4 tapes.long term build up of capital activity .Education read 2 books a month. Put it in the back of your ring binder. on a piece of paper that you can keep going back to.g.regularly read Property Auction News. or writing your will. the daily. go and look at 3 properties per week. research shares using his system. Strand 3 . subscribe to auction house mailing lists.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do .Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . -81- . Things that you need to do in order to set the plan up . Strand 2 . along with this book.first will be your to-do list. There will be two parts to each of the three plans .7 Steps to Freedom by Noel Swanson and your Plan for Prosperity. You might categorise this into categories or strands: e.open up account. weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire.like making an appointment with your independent financial advisor. Step 8 I mean actually write down.Investment goal .to buy one property every 4 months activities . attend one business training seminar. Strand 1 .Real Estate goal .
No. encouragement and also some recommendations for further learning and training. Buy them. please tell me. I would also really like some feedback. or that provides me with the learning opportunity I need (e. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). But even if they are not. you will still learn something from each and every one.g. fill in the gaps. get yourself into a programme of regularly listening to those tapes and reading the books. They are hardly uplifting! Instead. you will have an excellent opportunity for promoting that business further (see below).. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. Why will you fill it in? Well. One of the most crucial things you need to do is to build in a regular habit of feeding your brain with healthy food not junk! Garbage in ! Garbage out! You need a regular diet of positive possibility thinking.7 Steps to Freedom by Noel Swanson Strand 5 . Similarly. Through my newsletter I will continue to provide you with motivation. then please let me know so that I can pass that recommendation on to others. -82- . tips.. Please would you click on your "reply" button. not every one will be the best book you have ever read. educational material about the specific business you are in. You need a combination . If you have not enjoyed the course. if you know of any good resources or links. Notice Strand 4. and also more technical. In this way we can help each other. I will certainly try to pick the best ones that I know of.become the best. real estate agent) Step 8 And so on. then doing the questionnaire will be a way of saying thanks. At then end of this email you will find a short questionnaire. then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. and send it back to me. I am hoping that you have found this FREE course to be of value to you. Also. if you are running an internet business. Whatever business you have chosen . If so. then I can pass them on to others. If you have some favourite books that you recommend.Job look for a job that frees up more time.some general motivational stuff to help you to keep going even when it gets tough.
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. to give me some feedback. Depending what it is we may be able to work out some kind of deal! . right now. Never. Also.Joint venturing is always the way forward! So.7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. Never. 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. as well as financial. personal. Thank you for your feedback! Keep working your plan. then please tell me . I am asking you to do one simple thing for me. Never give up. the Inner Circle testimonials).. for example. These may range more widely over other issues such as home life.perhaps we can start a bit of a dialogue through the newsletter. parenting etc. cash generator. if I publish it on my website (see." Okay. then please get in touch. Remember. Just send me an email at noel@7stepstofreedom. Never. Now. S. Your friend. -83- . Noel Swanson P. As I said. 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. my goal is to help you to achieve success . I have given you a lot of valuable free information. and special offers on my own and other people’s products. including internet marketing. in return. But I hope it is not the end of our association. remember what Sir Winston Churchill said: "Never give up. links to useful sites.com and tell me what you think.in all areas of your life! If you have any topics or questions you want covered. I will be in touch from time to time with recommendations on reading materials.. if you have any products that you would like to offer to others through the newsletter. Would you please take a moment.
and drag-and-drop the PDF book into it. 3. if at any time in the next year they buy anything from any of my many websites. Write it down! At this point you have two options. When you sign up.pdf".com/x.com Enter your full website address WITHOUT the http:// eidetika@yahoo. Either way. Open the 7steps.7stepstofreedom. Click here. It's that easy.exe. PDFbrand. you will emailed your unique 4-digit affiliate code. and you will find the branding tool. Or you can simply tell your friends about the book and point them to my website. and sign up to my affiliate program.php?adminid=483&id=XXXX where XXXX is. of course.comEnter your email address as you want it to appear on the front cover 5. It is absolutely free. 4. 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. you will earn a commission. To brand your own copy of this ebook 2. since it will be called "7stepsbrandable. The brander will then come up with a dialog box. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate.) You will know if you have. replaced by your 4-digit affiliate code. You can either brand this book. Click here to download your brandable version of this ebook (if you have not already done so. 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. Once you're finished entering your details. click the "Brand!" button. I will even introduce you to some other well respected and high-paying affiliate programs. What's even better is that when they then sign up as affiliates.How to Make Money from this Ebook 1. and pass it out to your friends by email or on disk. asking you to automatically save the PDF under -84- .zip file. Run this program.
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town). I shall assume that you are happy for your comments to be printed or quoted on my website. I wish you every success.com/index. 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.S./?:'@~~\=+ -86- . and the odd bit of rambling or ranting.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences.. unless you specify otherwise. and/or if you have a thumbnail photo of yourself that I can use. Noel Swanson noel@noelswanson. you will also receive frequent free gifts and some very special offers. it all helps in promoting your own website! I look forward to hearing from you.com +44 (0) 1329 513296 (UK time zone) P. successes.g. please do attach that as well . If you would also like me to quote your website URL. So. In the meantime.. great wisdom (!?). 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.7stepstofreedom.In addition to valuable tips. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_. Naturally you can unsubscribe at any time. I would also cite your name and general location (e. Yours warmly. Normally. stories and suggestions. 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.remember.html and sign up .
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