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Steps to Freedom
A Blueprint for Achieving Wealth, Health, and Happiness
by Noel Swanson
This book is copyright (c) 2004 by Noel Swanson. All rights reserved. However, you are encouraged to pass this on to your friends - in fact you can even make money by doing so (click here to find out how) - provided you do not change the text in any way (apart from your affiliate links, of course).
Published by Allegretto ltd. 8 Westborn Road, Fareham, PO16 7DH, UK www.7stepstofreedom..com
Table of Contents
Intro - Just 7 Steps to Your Dreams Step 1 - What do you Want? Step 2 - What is Important? Step 3 - Passion, and Maths Step 4 - Stop the Bleeding Step 5 - Your Plan for Security Step 5 cont - Live for Success! Step 6 - Your Plan for Comfort Step 7 - Your Plan for Prosperity Step 7cont - More Paths to Wealth Step 8 - The End and the Beginning How to Make Money from this Book 3 6 11 15 21 37 44 47 61 73 79 83
Intro - Just 7 Steps to Your Dreams
his is a book about Freedom. How to get it, and how to keep it.
If you stick with me and work through this book deliberately and diligently, you will be well on your way to achieving everything you ever wanted from life. So what do I mean by "Freedom"?
freedom is having the time, ability, and opportunity to do the things that I want to do in life It is about enjoying life to the full. About extracting every second's worth of life out of every minute lived. About being able, on one's death bed, to be pleased with a race well run, a life well led with no regrets. Is it about money? Yes, money is a part of it. It is hard to be free if you are broke. But money is not everything - there are plenty of rich men and women who are as miserable as sin. They are hardly free. In my book, freedom includes having enough money to do the things you love to do - yet without letting money become your master. Is it about love? Yes, because life is about passion, and about emotions. Without both of these we are as un-free as a robot. But love can also be a prison, and so Freedom is about learning how to enjoy your emotions, your passions and, yes, your loves in a way that brings liberty and life to all parties - whether they be your lovers, your children, your family or your friends. Is it about time? Of course! Every one of us has only 24 hours in a day, 7 days in a week, 52 weeks in a year, and maybe 80 or 90 years in a lifetime. How will you spend those precious moments? Because, once spent, they can never be regained. For 95% of the worlds population their time is effectively controlled by other people and other demands - every moment of the day is soaked up by the ever-present need to earn enough to pay the bills, to clean the house, to look after the children, to satisfy the partner or spouse, and to keep the in-laws at bay. That is not freedom!
7 Steps to Freedom by Noel Swanson
For me, freedom is about being in charge of my own time: choosing if and when I will work, when and where I will go kayaking, skiing, scuba diving, or oil-painting. Having time to sit and drink wine with my friends, take walks through the beautiful countryside of England and Canada, or sit on the beach and watch the Caribbean sunset. Is it about pure, simple, care-free hedonism, with no concern for the needs or wants of others? No! Simply seeking after the pleasure of the moment, like taking drugs, leads inevitably to an empty and shallow life. Yes, it is fun for the moment - but the regrets will surely follow as night follows day. Is it about manipulating and controlling others? I hope not! You know, what you will learn through this book, and through the recommended reading is so powerful that you could, if you chose, use it to do just that. But then that is the danger of powerful tools a sharp knife can both slice the ropes and knots that bind you - and slay your best friend, your lover, or your enemy. In my mind, true freedom comes when you honor and respect others, not when you control them. I hope that you will use what you learn in that spirit. But, in the end, that must be your own choice - for that is what freedom grants you: the ability to make your own choices about your own life. The Keys to the Dungeon My Friend, you are about to embark on a most amazing adventure. Your life will never ever be the same again. Why not? Because, today, you have been handed the keys to your dungeon. You may choose never to use them. In that case, your life will continue as it always has done - with one difference: You will always know that it was your own choice to stay in that dungeon. Perhaps you have good reasons, so you thin, for why you wish to remain there. Perhaps you just don't believe it could be any different. Either way, if you never put the keys in the lock, if you never turn them, you will always wonder what it might have been like... Your other choice is, of course, to open the doors and walk through them, a free man or woman. Now, at this point I do have to issue a warning! This book is your key. But it is not a magic wand! You will learn that there are immutable laws at work in the universe. You will learn to use these laws to your advantage, and you will be amazed at the changes in your life that they bring.
It will take you about 10 minutes to complete. one more thing. (Just click here and you will be taken right there.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. Go on. The door is stiff and heavy. And of these. 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. 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. 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. But above all. But you are the one that has to do it! And so. you will find tasks set for you. and emotionally free. Okay. The lock on your dungeon is rusty and difficult to turn. that you have sufficient financial resources that you can -5- . lets get started.e. as you work through this book. It is your own mind. I will talk much about "retiring" and "building wealth". Do them! This book is not light bedtime reading: it is a workbook. For that reason I strongly suggest that you print out this entire book now. the blueprint for a better life. and much more. it is not your boss. Oh. Why? Because. you will learn how to think! Because. I'll tell you what.) So I will use wealth as our prime goal. And I will use the term "retiring" as meaning the same as "financially free" . the two biggest hurdles they face are about becoming financially free.i. and will cost you not one penny. How to maximise your use of time How to remove the clutter from your life All this. your spouse. as you shall discover. In the following chapters. your poverty. the first is usually the most obvious (although probably not as important as the second.) Then go to the Table of Contents and start on Step One. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. or your disabilities that keep you enslaved. for most people. 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. So where do we start? Well. You will have to work at them if you are to successfully open them I will show you what to do.
you may like your career and want to continue in it. But perhaps you have different priorities and goals in life? No matter. The principles will apply in exactly the same way.7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. See you on the other side! Noel Swanson -6- . Just follow the instructions and you will get there. "Retiring" does not have to mean you never work again . Great! As long as that is your choice and not a necessity.
40 hours a week for 40 years. let me ask you why it is that you.Step 1 .except you have no money. And at the end of it. That’s right. trade eight or more of the best hours of your day for a pathetic amount of money. and 95% of the adult population. neighbours and relatives. Of not being able to feed yourself and your family. you would cut your hours. Of being ridiculed and pitied by your friends. perhaps ill. Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. If that is not true. and then come home worn out.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. you get what? A so-called pension that pays you even less than you have been living on for all those hard working years. Of not having clothes to wear. On the other -7- .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 . You are afraid. doing a job that causes you stress and worry. 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. 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. go in to work. expenses and luxuries. with free time to do what you want . 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. In contrast. for forty years? This is often known as the 40/40 plan . So why do you do it? Let me tell you why: FEAR . Of having your house repossessed. only to repeat the same exercise day after day. So now you are old. Of being destitute and dependent on a state pension when you are old and frail. get up in the morning.
But once you have decided. or over the excuses. safe to say. If you are serious about becoming free in the next 2 . too stupid. if you like. They must win. Take a world class athlete like golfer Tiger Woods. or you say you can’t.8 years. in your soul. day in and day out? It certainly isn’t the money. you too need that passion. 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”. 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. Once you know what it is you really. Those just won’t cut it when the going gets tough. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. These need to be so powerful. making serious money takes commitment and perseverence. Now. too fat. Step 1 So. Most likely you are going to have to start some kind of new venture. Once your focus is clear. all the excuses start to fall away. or staying on your diet. or 5-times Olympic gold medalist Steven Redgrave. And that passion drives them on when others would give up. and you set out to get it. Henry Ford but it best when he said “Whether you say you can. It is a deep seated passion . At times you won’t feel like doing it . Things don’t always go as planned. But. 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. You will have to make some sacrifices. once there is an iron-fast conviction in your soul that says “that’s where I am headed. Instead of “I can’t”. come what may”. it is extremely unlikely that it will be through your current job or employment. and so on. that they start to shape the way you see the world. since money is such a big issue for most people. too clever. too old.both for their chosen sport. the wrong education. really want. the wrong sex. What makes them train and practice so hard. under. -8- . too thin. and 2) A reason why.7 Steps to Freedom by Noel Swanson hand. “If only I didn’t have to go to work every day”. So what do you need? You need two things: 1) A clear goal. and so entrenched in your very being. a wish or an ought is not enough to keep you going for even a month. you start to find the reasons why you can. then your mind starts to look for ways around. you are correct”. and also for winning.just like when you don’t feel like going to the gym. There will be set backs on the way. There is another aspect to this.
It is this step that many people will skip over. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. What matters is that it is yours. they would say. Of all the reasons why people fail to make it in their new venture. and the lack of passion for that goal are the top of the list. “Why not just get on with making the money?” So why is it that these people are broke. and it matters to you. 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. and still interested in learning the secrets of wealth and freedom. getting married. if you are still with me. stopping smoking. On the other hand.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. haven't you?): 1) What is your number one priority for starting a new venture? Common reasons include: Extra Income Financial Freedom Having your own business More spare time Personal development Helping others Meeting new people Retirement Leave a legacy It does not matter what your priority is . (however you might define success). for everyone who has made a real success of life. 2) Why did you pick that one priority? -9- . getting fit. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. This is of vital importance.nor how big or small your goal is. not just your finances. meeting more friends. Who would you listen to? Remember I said that you would need to do some work? Well. “What’s the point?”. the lack of a clear goal. Whether it is losing weight. or starting any new venture or adventure. you will find a strong and powerful passion that has driven them onwards. it probably won’t happen unless there is that passion. those goals and dreams first.
In fact. “I won’t be living in this dump”). This is why successful people are constantly reading and listening to motivational books and tapes.you have some work to be getting on with! -10- . the more real your description. and has invaluable lessons (provided you do them. what will you own? Be as specific and detailed as you can.g. go to onto the internet and get yourself The Midas Secrets package.don’t look at what you won’t be doing (e. Sounds crazy. of course). As a first step. In fact. what will you be doing. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here . with the mortgage fully paid off. the more vivid. Spend some time thinking and dreaming about this . the greater chances of success. “I will be in a 4-bed detached cottage in the countryside. Done that? Okay. The more detailed.you will want to be doing this everyday of your life until you reach those goals.it really is vital. I strongly encourage you to start to do so also. What do you want for yourself then .”) Do not miss out this exercise . it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow.where will you be. look at what you will be doing instead (e. this is essential if you are serious about unlocking the doors to your dungeon. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. that’s enough for this week . Avoid negatives .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.and then right down your answers in as much detail as you can.g. It is only a small investment in your future.
if you always do what you’ve always done. Step 1 Remember. and the grit and determination to reach those goals. you’ll always get what you’ve always got.7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset. Isn’t it time to do something different? -11- .
some of these tasks are urgent. You should be able to get it from your public library. Well worth getting hold of. Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People. 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.What is Important? D id you write down your goals from Step 1? If you did . you won’t be the only one! It is so easy. such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them.com Take a look at the grid below: Important Quadrant 1 Quadrant 3 Not Important Quadrant 2 Quadrant 4 Urgent Not Urgent All of your daily tasks can be mapped onto this grid. You will note that some of your tasks are important (by this I mean important to you). That means they need to be done now -12- .you have made a crucial first step to achieving them.although the friendship might be) At the same time. to let other priorities and demands get in the way of what is important. If not .well.congratulations .Step 2 . or else click on the link and it will take you straight to it at Amazon. but that does not mean the task is important to you . 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.
and yourself. Included here are things such as getting exercise. daydreaming.but could easily be pushed to the bottom of the pile until you have time to do it. the car has broken down. For example. but sit quietly in the background waiting for you to get around to them. being kind hearted and generous. Next week. because you never got around to replacing the oil 6 months ago. And what happens to Quadrant Two? All those tasks that are vitally important. if you could do them regularly. you say “yes” to this Quadrant Three activity (Urgent. Then. and improving and developing your knowledge and skills. If you are like most people . or two months ago. you are probably getting stressed by all the Quadrant Two activities (important.doodling. on top of all that. filling in the crossword. You have to do them. In fact all those things on your mental “to-do list”. For example. But these activities are important. but just can’t find the time for. month. These activities probably take up most of your day. In fact. but not important . Tomorrow is not good enough. Other things are much less urgent. and they have to be done today. because you did not get around to doing them a week. things that have to be done today. watching TV with a beer. the car does not have to be serviced this week. And. or keeping up to date with developments in your field of work.it is important to your future .to you . and your help would make such a difference to them.it’s their agenda. 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 . relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind. or even next month would probably do. Often this is because of some deadline imposed by someone else (like the boss. take a look at your own life.these things are both urgent and important. not yours). or painting the house. maintaining your house and car. Likewise. a colleague.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities . As you do these. And the ironing can wait until there is time. Like going to the gym.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. if only you had the time. you would find that they actually help to prevent many of the Quadrant One -13- . Which you would. Most of these activities are of the maintenance and improvement type . Many of them are of the “putting out fires” variety. Now. The same with the exercises from last week and from The Midas Method.stressed out by too much to do and too little time in which to do it . Reading this course is a Quadrant Two activity .looking after your property. They need to happen. you don’t have to go to the gym today . In other words. or the tax man). but not urgent) that you know you should be doing.tomorrow is probably just as good.
We have all made mistakes.. At the beginning of each day. remember?). decide. ask yourself which quadrant this fits in. or change jobs. that you do them. And whatever you do. or get divorced. misery. You are where you are because of the decisions you took in the past. the will of god. you must learn this skill. Get some books. 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 . listen to some tapes. there is a balance in all this.and stick to it. This opens up tremendous possibilities for you. You really can reach your goals .other people. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. So. complaining about the circumstances. I have found this to be one of the biggest reasons for why people continue to have stress. and problems in their lives. But whatever they did. It is a blank slate for you to write upon. Here are some suggestions: With each task you do today. Life is all about the decisions you take. in each day. How it turns out for you is down to the decisions you take from here on. Sorry if this sounds rather hard. Now. If it is from quadrant 3 or 4 . You don’t have to be rude or unhelpful. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist.say “no”! You must work on what is important to you before you work on what is important to other people. But equally you certainly don’t have to be a doormat. But if you are going to reach your goals. The future is unwritten.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure.or your could choose to move abroad. to summarise. or do not. or start a business. schedule in some time that is reserved for these activities . Most people find this very difficult. what was crucial was what you did in response. fate. You can choose to carry on as you are . and whatever happened. And often one of the hardest for them to overcome. What matters is where you go from here. will affect your life from then on. your answer to this must be “Me!”. the government? If you are to achieve the success you deserve. and hoping that someone else will do something to improve your lot. Or you can sit around.if you make the right decisions. Of course other people and events have played a part. or.. here are your tasks for the next month: -14- .
doing repairs.you would not have done them using any other system either. put your Midas Method goals at the top of your list as your Number 1 priority. Try and do it at the same time each day .but make sure you don’t slip up again! After all. If you did them all. studying. Tomorrow make a new list (which might or might not include today’s items). Make sure you do it each day. 2) Make a list of the 6 most important (to you) tasks for the day. getting some exercise. By the end of the day you will either have completed all 6 or just some of them. If you miss a day . If you come to a point that depends on some external event (like waiting for someone else).7 Steps to Freedom by Noel Swanson At the beginning of each day: Step 2 1) Set aside an hour for quadrant two activities . the rest can be at any time. the only person you are cheating is yourself. Make every effort to avoid being sidetracked or distracted from it. Okay .don’t beat yourself up .the goal setting is best done at the beginning of the day. great! If you didn’t . If you have not already done them. as long as it happens. But at least you worked on the most important of them. See you next week in Step 3! -15- .your task this week: Do both of these every day.use this for reviewing your goals. then move on to task two and stick with that until it is done. etc. Then start with number one and persist with it until it is done.
It is through an understanding of this law that cars drive. and so it is easy to replace him. But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect." Jesus. Luke 6:38. it will also be the means to your own financial security. As the truck was bouncing along down some dusty track. and use it to our profit. whether we like it or not. And once you fully understand it. This law pervades the entire universe. the number of people to whom you bring it.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. So her -16- . So what does this have to do with making money? Absolutely everything. tells the story of some Africans riding in the back of a truck. in many different forms. Here are some examples: A window cleaner brings a small benefit to one household at a time. A lawyer or doctor brings greater benefit. but still to only one client at a time. and the difficulty of replacing you. they simply climbed out of the back . it will be measured back to you. one of the original and greatest motivational teachers. Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. Here are some of the most famous. “For every action there is an opposite and equal reaction. This Law is one of the most fundamental laws in the universe. For with the same measure that you use. depending on the type of circumstance that they were describing. shaken together. So instead of hammering on the side of the truck to signal to the driver. and it will be given to you: good measure. Since this is the case.” Newton. It is a relatively unskilled job. It has its effect every time we do anything. and underlies just about everything that we do.Step 3 . and Maths E arl Nightingale. Consequently his pay is low. and the incident provided them with some great stories to relate to the friends and relatives.Passion. of which the poor African villagers seemed to have been surprisingly ignorant. we would be wise to learn this. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. and running over will be put into your bosom. planes fly. But because of the long and arduous training she is rather more difficult to replace. “"Give. they decided that this was the point at which they wanted to get off. pressed down. and rockets are able to land on the moon. It has been stated by many people.
but the problem is that it is to only one person at a time! So. It is not necessarily about working all hours of day and night . And there are only so many hours that you have that you can exchange. before they will put in the extra work. proportionate to the number of readers). If you are in employment and wish to rise through the ranks. 2) can be supplied to as many people as possible. If you can do this. the best ideas. Don’t just do “grunt work” that anyone could do .the deal is that you exchange your hours of labor for money. But work smart.they expect the pay rise or the promotion first. “you provide the heat and then when you have done that.become so indispensable to the company that they cannot manage without you.” It does not work that way around. in the end.7 Steps to Freedom by Noel Swanson income is above average. The same also applies to star-quality actors. The trouble is. entertainers. and sportsmen and women. or cannot be easily provided by someone else. The reason for that is very simple .namely the business owner. here is how you do it: Become the best employee there is . To expect otherwise would be like telling an empty fireplace. but to millions of readers. skilled writing is fairly uncommon. your reward will follow. then. But be clear that it is in that order first you provide the benefit. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes . I will put the logs on. Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on. Also.the greater the benefit the better. not hard. If you can get it right. The maths is simply wrong.find a niche in which you become the expert or the specialist. -17- . Step 3 A best selling author brings a small benefit (a few hours entertainment). Getting this combination right is the maths. 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 . then your reward will follow. it is very hard to become financially independent as an employee . all your efforts are primarily going to benefit someone else . Produce the highest output. then the rewards follow.for the simple reason that. the greatest number or sales or clients.such employees simply get taken advantage of. as sure as the sun will shine tomorrow. This is especially true in employment . so his income can be quite large (in fact. And yet so many people expect just that. and 3) is scarce.
school/business groups) or destination (undiscovered and exotic locations.whether that be a hungry crowd desperate for a burger. and then find a way to make it pay! Passion + maths = freedom Lets look at some examples: You love teaching . Yet if you asked them. or collectors desperate for football or pokemon cards.but teaching a school class has the wrong maths. you will also have to provide a service or product that people want. So get the maths right. Most could probably be described as workaholics. that it is not so much work. and see it through to the end if you are passionate about what you do. handicapped. or even millions? This could be done by books. so that they benefit more and more people. You love skiing . to put it the other way around . Whatever means you choose. to make enough money to become financially free is going to take some work. Life is supposed to be fun. Much better to find a niche where people are begging for your service .g. Clearly. then if it is tedious. What about finding a way to extend your teaching to hundreds. It is no use putting all your efforts into something and then finding out that nobody wants it. or that bring great stress. So why not. Find something about which you have a passion.perhaps filling a niche market for a particular type of skier (e. Could you set up some kind of tourist operation . I believe that life is just too short to be spending it doing things that you hate. By its very nature it is -18- . Then the maths is right. There is. Why do it when there are so many enjoyable things to do. You are much more likely to persevere. most would probably tell you that they love what they do. 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. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. as play. If you look around. than if it is a total bore. have fun while you are doing it? This is what I call the passion. the only way to make more. at least. off-piste powder tours)? You love helping people. to achieve this. you will probably find that most millionaires have worked very hard to build their fortunes. is to find a way to multiply your efforts. as second side to all of this.7 Steps to Freedom by Noel Swanson Step 3 Consequently. But also find something that you love. Or you could develop a business in which you help other people to be successful. Network (or multi-level) marketing is wonderful tool for doing just that. and/or large conferences and seminars. Or.do what you love. training tapes and videos. thousands. however.
The second is that happiness is a by-product of doing something that is worthwhile. Think also about your personal character traits. Life is not an end point. The joy is in the journey. Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). or computer programming.7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. “My mission (or purpose) in life is to _____________________ (do something) -19- . Your task for this week is to think about your passion. the more you yourself will earn. is worthwhile. of doing something. You hate meeting strangers and having to talk to people you don’t know. But you love working on a project . In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. or programming. We will be looking more at this in a later Step. you might just find your life’s calling! To help you. So at this stage I don’t want you to be worrying about the maths.such as writing. here is a question that might prompt some thinking. and either use the internet as a tool to make it available to the masses. 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. lets just think for a minute. What is it that you really love doing? What is it that turns you on? What are you good at? Do not think only in terms of skills (like writing. and suits your personality and unique pattern of strengths. The first is that wealth comes from bringing value to other people. There are two points to consider here. then you are on the high road to both success and happiness. or fixing cars or cooking). So if you can find a purpose to your life that brings value to people. What is your purpose in life? Now. One way to think about this is to develop your own mission statement. So why not have a personal mission statement. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. or joint venture with someone who does like networking or selling. All you have to do is to fill in three blanks in the following statement. Note also that the notion of purpose is that of action. You could be employed by a company to develop their products . or do you prefer to just be given a job to get on with? If you could do anything at all. or are you more artistic and intuitive? Are you good at leading others. it is a process.or you could develop your own product that has value to many. what would give you the greatest pleasure and satisfaction? Do not limit yourself .let your imagination take you where it will.
If there is minister enroll enhance no benefit of some kind. leader. What you do. influence refine coach inform serve discover encourager. and what provides me with satisfaction and excitement.” Start with finding the right verb. In what way will this be of benefit to them? What will they have. you have your completed mission statement: -20- . When you find the right outcome. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. Note that this might be anything form individual people right up to large groups. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. entertainer. Below I will give you some ideas. It might be an audience if you are an entertainer. there will be a “eureka” quality to it. many more. or even countries (if you fancy being Prime Minister!). then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it. The list in Table 1 nurse acknowledge facilitate may give you some ideas. mission. or motorists. You will say “Yes! That’s it! That’s what my life is about. Of course there are many.” 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. Table 2 lists some other possibilities. keep brainstorming until you find your own. 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. 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. if you are a mechanic. but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. But don’t be limited by these.they relieve their Table 1. “My mission is to __________ ____________. identify the desired outcome of your work with these people. what I love doing. you will feel it resonate with your whole spirit and being. Even drug dealers provide a “benefit” to people . able to do as a result of your actions? Table 3 lists some ideas. What is it you love doing help referee challenge with people? Are you a natural born teacher. I will leave that to your imagination. or be Table 2. Who benefits from what you do. When you do. unique.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 have guessed it! Complete the blanks above. Life is a journey. the destination. Concentrate only on what it is you want to do. you can play around with the form of words to make the mission fit you. Keep doing so until you have something that makes you feel good. In the Step 4 we will be looking at how to take stock of where you are now. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear.” achieve wholeness act find adventure appreciate art be responsible be healthy be fit earn explore have fun happiness hear experience joy laugh learn love play golf relax rest retire succeed swim travel Table 3.” “My mission in life is to discover new places to which adventurous golfers can travel.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. At this point do not be thinking about how you will do it. Hang in there! -21- . --. So far we have been looking at where you want to get to.oOo --Your task for this week? Yes. Next you need to know where you are now.” As you can see from these examples. Only then can you work out the quickest route to get from here to there.
bus. How will you get there? Will you travel by foot. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. train. Once again. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . coach. do not rush over this. Before we start to look at the ways in which you will do all of this. Let’s look very briefly at both of these. this week’s task is to take full stock of your situation. your current starting point. but the content is first class. And an aeroplane might not be so appropriate if you are just down the road in Leeds. It is as important to know where you are now. Poor Dad”.Step 4 . goals written down as to what you want to achieve in the short. for example. England. medium and long term. and the sequel “Cashflow Quadrants”. So. There are two parts to a financial statement. Suppose. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. we still have one further preparatory step. or through your local bookstore. your goal was to “travel to York. specific and detailed. have clear. At this point of time. if you are currently in New York. and the balance sheet (which details assets and liabilities). be excited about the type of contribution that you will bring to the world. I want to talk a little bit about how to create your own personal financial statement.com . as it is to know where you are going. Income and expenses . I thoroughly recommend them. by now: know that you can achieve whatever it is you set your mind to. air. Before we do that.) You can order them through Amazon. the way in which you will make a difference to people’s lives.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. (They are a bit wordy and repetitive at times. England”. The income and expenses report (also known as a profit and loss statement). USA.
In contrast. but from the assets they have accumulated (arrow C).ouch! The expenses continue.arrow B. In other words. In this you can see that the majority of their income comes not from their work. This income goes into the income section of your report (see Fig. For example. and out through expenses and liabilities.” From this definition. the rich also manage to sidestep most of the taxes as well. and pretty much everything else you own is a liability in that they are costing you money every month.7 Steps to Freedom by Noel Swanson Step 4 work that you do. if you owned a rental property. 1 to Fig. This is what you are trying to achieve for financial freedom . -23- . Unfortunately most of this money immediately flows out again. 2 as quickly as possible. then that property would be putting money into your pocket. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket.” In contrast to an asset which is “anything that puts money into my pocket. it is an asset. The rest goes on the various liabilities you have accumulated . The trouble is. repairs. your sofa. So. Cashflow of the rich Incidently. So. Figure 1Figure 2 . if you ever lose your job . and loan interest. you can see the direction of your cash flow: it flows in from the job. you can quickly see that your house.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. and the rent your received was greater than all your expenses in terms of maintenance. the financial statement of the rich looks like Figure 2. 1). They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts.arrow A.one is to cut down on your liabilities and expenses and the second is to build up your assets. your car. you are trying to get from Fig. Clearly there are two ways to achieve this . Some of this goes directly out as expenses (of which tax is the biggest one) . but the income stops. That is not what I call freedom.
It comes in two parts. You will find the template on the next page. you also need to do an inventory of the other parts of your life.. for the first week.but then. since success is about more than just money. Once again it will require some work on your part . In addition. This is your task for Step 4. or it won't get done! -24- . and you will probably need to put it as top priority on your priority list.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now. that is what separates the winners from the losers. complete your personal financial statement. so let's allow for two weeks to complete it.. isn’t it? Ready? Okay. To do that you need to prepare your own financial statement.
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-
well done! Now use those to start building up your assets. result.000 you probably need to be thinking about planning to avoid inheritance tax. Your Retirement Quotient tells you what percentage of the week you can take off (i.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now.Total 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. valid Will? Life insurance (Have you reviewed the insured amounts?) Disability and/or critical illness insurance? Have you planned for avoiding Inheritance Tax (In Britain IHT will hit you if you have assets over £250. result.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. -29- . If your net worth is greater than $250. happiness. expenses $99. $100. misery” Most likely you need to find some way to cut your expenses.Total Expenses Net worth = Total Assets . expenses $101. “Income $100. but I am probably wrong) said: “Income. what do you do with these figures? First do these sums: Monthly savings = Total Income . If your monthly savings are positive.e.
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 . theoretically.. your passive income exceeds your expenses. then you can fully retire. once your RQ exceeds 100%. then 1/3 of your expenses are covered so.WELL DONE! It is not easy doing all that! But tell me.covering topics such as: Your Health. Your Children All of these are important if you are looking for true FREEDOM.. Your Relationships. go part time).e. if your monthly expenses are $1. Until next week.. For example. -30- .500 and you are receiving $500 a month from your investments. If you have got this far . After that we will start to develop Your Action Plan.000 per month. i.. Obviously. you could cut down your working week to earn just $1.7 Steps to Freedom by Noel Swanson Step 4 retire.
before you even start on your journey to riches. about enjoying rich and rewarding relationships. and how they are going to get there. where they are now. Stuart Goldsmith is an excellent example. 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. So. and what is getting in the way?” In the last lesson we did this for your personal finances. If you focus just on money. what do I have going for me. Opportunities and Threats) analysis. 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. Which is exactly what you are starting to do. the “law of cause and effect” being chief among them. 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. This week it is time to look at personal relationships and health. making a difference to the people and community around you. 2) Equally important. Or seeing the world. So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. Weaknesses. then you will end up just like Scrooge: rich and miserable. you can very quickly take charge of your life.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. Or pursuing your sports or hobbies.Preparing your Personal Inventory Part 2 . When do you get off the gravy train so that you can do the things you really want to do. and much less known is this: Money is not real. and neglect to build up other areas of your life. So why are they “worth” so much? Purely and simply because people say -31- S . you need to decide how much is enough. But real success is about living life to the full. Over the space of 8 years he made himself £10 million. Look at the coins and banknotes in your pocket. it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. it is just an idea. Money is a tool towards success. Just a fancy way of asking “where am I now. Of course. Then you can map out your own destiny.
you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. and that is what this week’s lesson is about. Money is worth nothing unless it is moving. So if you want true success. It really is like some kind of spiritual force. The creative energy is blocked. 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. Everything works out. Now. or token. And -32- . But there is still more. of that agreement. When you exchange your note for a bag of potatoes. this is where it gets a bit metaphysical. making money is. It is only worth something when it starts to move . it will affect every other part. It is very much tied in with the notion of agreements. you do so on trust that I will deliver value to you. the more you will make. When you buy a book from me.7 Steps to Freedom by Noel Swanson Step 4 and believe they are. In fact they are about every aspect of your life. and you feel confident and in control? And then there are times when you just feel stuck. It does you no good at all. Nothing goes right. In the end. how much lighter and freer did you feel? That clutter was literally blocking your flow. and either I have to make it right again. the second is when the Flow is blocked. therefore. Wouldn’t you rather be in the Flow than out of it? Well you can. the only reason the merchant will go along with it is because he believes that he will be able to exchange that same piece of paper for some goods that he wants. The Flow has ceased. it is a bit of a fire hazard. Wealth is therefore about FLOW. And this in turn depends on the agreements that people make with each other. Flow can be blocked. If I fail to do so. The money that passes between us is just a record. for exchanging value between people. If anything. For example. and it can be released again. Money is merely a tool. a mechanism. if you get blocked in one part of your life. Both are about more than money. then the agreement between us is soured.when it gets passed around from one person to another as a token of agreements being made and fulfilled. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. The first is when you are in the Flow. Have you had times when everything just seems to be going your way? You are on a winning streak. all about honouring agreements with people. or you will be pretty angry and will never deal with me again. When it was like that. Because of this. A suitcase of banknotes under you bed is worth nothing. The better you are at that. What can block your flow? Pretty much anything.
including agreements you make with yourself! In fact. that would be putting a block on all areas of your life .g.. we will start with your own agreements before going on to agreements with others.Healthy . etc) three times a week? Do you drink more than an average of 2 units of alcohol per day? (Be honest. walking.80m = 5' 11).even your finances! Your task this week is to identify and then start to sort out the blocks in your life. be honest with yourself as this is entirely for your own benefit.5 18-5 to 25 25 to 30 30 to 40 over 40 . Now divide your weight by your height squared (72/3.Overweight ..g. do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e.g.24).7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way.2) . The questionnaire below will help you to do that.24 = 22. Multiply it by itself (1.Obese . running. tea. Once again. I mean really honest!) Do you drink more than 4 cups of coffee. No. 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. 72 kg = 158lb). Your Health Do this sum: write down your height in metres (e.8 = 3. cycling.8 x 1. 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- . Note that this is an ongoing process that you will need to be reviewing regularly.Underweight . Remember that wealth is about honouring your agreements . 1.Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this. Then take your weight in Kg (e.
I am serious. If you are a smoker.they seriously impede your flow and will prevent you from achieving true success. Not to mention your health and fitness. -34- .. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. 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. If you scored 10 or more. police etc) Unresolved conflicts are the same as broken agreements . well done! If you scored less. One or other of these should sort you out . diabetes. 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.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. or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. set your self some Midas Method goals to deal with it.don’t put it off again! Look. But in the long term it will come around to bite you in your ass.. Sorry about the language. but it’s true. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success.so you now have no excuses left! ( Do it now . Not only is your smoking costing you money everyday. etc) are you following the prescribed treatment regularly and correctly? Do you eat fish at least twice a week? Yes/no Yes/no Yes/no Yes/no Give yourself one point for each correct answer (you know what they are!). high blood pressure. Cheating yourself or others may work in the short term. Resolve NOW to do whatever it takes to resolve the conflict.
(Just as an example .it is only yourself that you are harming by failing to forgive. Not for their benefit. (My best friend and I planned a special holiday to celebrate 20 years of friendship. 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 . < If you need to own up to something. investing time.and I am a consultant psychiatrist.and not just for you. then pay the price and do it. Even so. It may cost you in the short term.or even a holiday together. I know that if you have had some serious trauma or abuse in the past that this can be very hard.) 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.a bit of marriage maintenance now might prevent a very emotionally and financial expensive divorce in five or ten years. You cannot afford to have relational clutter messing up your life. thought and energy into raising them right.they don’t deserve to be forgiven. This is another quadrant 2 activity. including making money. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years. bite the bullet and tell the truth. go and do it.” And it is usually the poorest parents who say that. so trust me on this.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise. What have you done recently to celebrate that friendship? Here are some suggestions: < Buy some flowers unexpectedly < Write them a short note or card to express what they mean to you < Arrange for a special evening or day out . but it will more than pay for itself over the long haul. Like everything in life. Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. do it.we get him everything he could want. If you need to put things right. If you cannot do it on your own. < If you need to forgive (you probably do). will save money and heartache down the road .) < Let them have their way for a change! None of these will immediately put pennies into your pocket. then get a friend or counsellor to help you. Yes. but for yours. And especially don’t make the common mistake of working long hours to buy them everything they want. Don’t let it be squeezed out by the “urgency” of all the other things you had to do. I know . you (and your kids) will reap rewards if you make some effort -35- . then do so . Now think about those that you count as your loved ones and your friends. But it is absolutely the key to freedom . but for generations to come.
put them on you Midas goals. Once again. and that affects your flow.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. You will feel so much better when you do. No you don’t need to be obsessional. No. Make a list. you may need some help with this. your happiness and your prosperity. and if you can learn and apply them. Stuart addresses this in terms of self-belief in The Midas Method. the reality is that life is a life long project). 3. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. there are principles that apply. positive. put next to them what you want to be instead. character traits. nor even a month or a year. your are unreliable. For you to be successful. and work at them until you achieve success. So here is a task: 1. The goal is to develop habits that will last a lifetime. Then for each of these. Finally. 4. You will not complete all these exercises in a week. this is all about developing a lifestyle of success. your procrastinate. I am not sure I go so far as to go along with the Feng Sui practitioners. And it might take you some time (after all. and do all those other little jobs that you have been meaning to get around to.g. one at a time. picture (visualise) for yourself some situations in which you would want to demonstrate your new. Don’t know where to start? Then have a look at my book. It ‘s physical state affects your spirit. you lie. But you do need to throw out all that junk! Sort out your wardrobe. but I would certainly agree with them that a well kept home will enhance your health. But you don’t want to end your days as some miserable old “git” that nobody likes. and sort them out. Make a list of character traits that you are not happy about. You don’t have to be perfect. and will pay you dividends over a -36- . instead of being angry. Time to take a look around you. For example. do you? 2. are you still with me? That is quite a bit of homework I have given you. you don’t need a mansion. you give in and don’t say “no” enough. Yourself Probably the hardest of all. So. e. you will have to be happy with yourself. and so on. repair the guttering. Now. you might want to be more easy going. you increase your children’s chances for happy and successful lives a hundred-fold. As you have probably realised. That is not the goal. for each of these. You get angry too easily. But once again. Put them one at a time on your Midas goals. “The GOOD CHILD Guide”. Your home is where you spend most of your hours. But this is an ongoing project.
Do them now. -37- . The temptation will be to put them off until you have enough time. It is called getting into the Flow. In the next Step we start to put together your action plan. make the time for them. you will find you have plenty of time. See you then. these are all Quadrant 2 activities. 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. and somehow. dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. magically.7 Steps to Freedom by Noel Swanson lifetime.
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. the reason why. would you be able to walk along it without falling off? Sure you would.Your Plan for Security O kay. The easy thing to do in life is to drift. By now I hope that your dream is starting to dominate your thinking.Step 5 . say 9 inches wide by 30ft long (25cm x 9m). Let me give you an example: If I were to lay a plank of wood. the chances are you will not do what it takes to make the money you desire. eh? Now. So what was the difference? The only difference was the motivation. down on the ground. It is also what you will continue to do unless you have a strong reason to do otherwise. would be rushing down that plank to rescue the little one. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. That reason is your dream. How about if it were raised a foot (30cm) off the ground? No problem. Until your reason why is strong enough. Why? Because it is your dream that provides the motivation to succeed. That is what most of your friends and acquaintances are almost certainly doing. That is why I spend so much time emphasising the dream and the goals. -38- . this week we will really start to rock and roll! But first lets just review how far you have come. especially those with kids.
what can you do to protect yourself? That is the goal of this week . when the going gets tough. this is quite likely as we are well overdue for it . From Step 4 you will have already identified the holes in your security. I am sure.. even as I am writing this I have just leant that my sister has flipped her car over. First security. or there is another great depression like in the 30's (actually. If you don’t. unique. although.see Rich Dad's Prophecy).I’ve been there and done it countless times myself .and wasted years in the process! But back to business. then prosperity. 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.Written down your Goals Step 3 . Believe me I know it . You do not need to take excessive risks to become free. you will do okay. So. You might do everything right.to develop your plan for security. So now it is simply a question of finding the right tools to plug those holes. then you can attach the outboard engine to it. and then be hit by a bus as you cross the road tomorrow. or. as it is only when you have this kind of confidence that you can safely embark on Step 6. In the face of all this uncertainty. This is important. then run. You already know that life holds no guarantees.Developed your Dream Step 2 .. you need: -39- . and the second stage is Step 6. purpose in life Step 4 . Once you boat is watertight. Fortunately she is unhurt. With this you can have the confidence that whatever life does through at you. You will survive. or your loving partner might develop leukemia. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios.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. Walk. you will quit. This is your action plan. It will be done in two stages. which is to develop your action plan for prosperity. very shaken. You just never know what is around the corner.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why. But the car is a write-off. In fact. So far you have: Step 1 .Developed your own. The first stage is this week Step 5 of the plan.
40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X.g. whichever comes sooner. If you are in the UK. You can either buy a printed one from a stationers. -40- . we will then pay out to your estate the minimum sum of X. We will invest this money (usually in the stock market or in bonds).” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. then we will also pay you a performance bonus of Z. In the old days whole life insurance was very common and probably worked quite well. you are still a single student) or you are already financially independent then you can miss this out. then hopefully you will gain on the investment part. Everyone else needs life insurance. ” So term insurance is pure insurance that protects you in case of the unexpected.normally to your nearest kin. the insurance kicks in and they pay you the guaranteed minimum. and look after your own investments for your retirement. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. Whole life is a combination of insurance plus savings/investment. In addition. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. the do-it-yourself route works perfectly well and is a lot cheaper. You will need to get a write-yourself-a will kit. When (not if) you die. If you die sooner than expected. There are basically two types. if by then we have made enough profit on the investments. So how do you do that? These days you can either do it yourself or get a lawyer to do it. No will is bad news write one now. try this one. If you make it to the predefined retirement age. Without a will your possessions will be disposed of according to the prevailing law of the land . Term insurance basically says this: “If you die at any time in the next 10. so don’t put it off another day. then we will pay you a cash settlement dependent on the value of the investments. 25. You also have no option for any kind of tax planning. Unless your affairs are very complicated. 2) Life insurance. If you live longer than that.99: It really is easy. it is only £9. or you can use a computer program that guides you through the process and then prints out your will at the end. If you have no dependents (e. Often the process can take a long time.
You need to be thinking about setting up a power of attorney and perhaps a living will. but also that due to your aging.especially if you have more children! Once you are rich you can cancel the policy. whether your partner will go back to work. This is particularly true for occupations that require manual work or mobility. Don’t scrimp . not a hard sell for one company! Or go for one of the online quote brokers. Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. ready to pay out. You need independent advice. When choosing an insurance company . Your independent financial adviser can help. That does it for death planning. Standard Life is perhaps the most solid of them all. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. This is about getting the safest deal. Check them out first.go for rock solid.000 (which is not a lot if your mortgage is paid off!).quotelinedirect. If you have any decent Net Worth you need to take some advice on how to minimise death duties. see a specialist tax adviser. and for how long? You need to work out how much your family are going to need to live on if they no longer have you to bring home the bacon. If it is more complicated than that. But with simple planning you could easily save yourself over £50.insure. You want that company to still be there.his £200 fee could save your tens of thousands. if not permanently are.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. 3) Inheritance planning. and add in a factor for inflation. in 20 or 30 years time.co. the more expensive the premiums as they have to cover not just the increased risk due to time. you need it. eg. Until then.asp US: http://www. and what your expenses will be down the road (for example will the mortgage be paid off). -41- . How long do you need it for? You will need to consider the age of your children. for the UK: http://www. Obviously the longer the term. What if you are severely incapacitated and unable to make decisions for yourself.com Then. you need to review it every time your circumstance change . In Britain you have to pay 40% on everything over £250.uk/main/index.000 in taxes. This is not about getting the cheapest deal. 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. so get a good one. statistically. once your insurance is in place. horrendously high.
g) Eventually you will be left with just the mortgage. no interest. Seriously. Hopefully you will have paid it all off before they start charging you interest again. You will probably find that by doing so your mortgage will be gone in just a few years. you can probably pay off your entire debt. in just 7 years. without any increase in your income. 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. CLOSE the old accounts. your monthly repayments will be less. then your first priority is to pay off the debt. then go without whatever it is you were trying to buy.7 Steps to Freedom by Noel Swanson Check out this article (US perspective. And ALWAYS paying off at least as much as you wrote down in b).always working from highest interest down. f) Once the credit cards are paid off. However.asp To protect yourself you need: Step 5 1) Cash in the bank. see if you can repeat step c). Once you have done this. account. but applies more or less everywhere): moneycentral. if you are deep in debt. You don’t need it.com/content/Retirementandwills/Planyourestate/P34945. d) Now tear up your new credit card. and then put everything else towards the credit cards. Pay cash instead. This is vital. if you -42- . Start putting some regular savings aside into a high interest savings account. exactly as much as you wrote down in b). including mortgage. e) Because you have transferred your balance to a new. By doing this your credit card balance will rapidly reduce. Renegotiate this so that each month you are paying back the sum in b). If you choose to. It is crucial that you still pay off. Pay the minimum on all your other debts. h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something. If not. If you have no cash. or you will end up in even worse debt. each month.msn.then you can either negotiate a special price for paying cash. c) If there are a lot of credit card debts. Ideally you want to have enough money set aside to live on for 3 months. 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). b) Write down how much you are paying each month in debt servicing. then start on the next debt . save up for it . Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4).
If you become ill or injured and are unable to work. or have various risk factors. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. If you are off work with the wrong illness. This says: “Pay us a regular monthly premium. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . depending on how secure your job is! So. We will not cover you for any illnesses or disabilities that you already have. period (anything from 2 weeks to 6 months) we will pay nothing. Get the latter. we will then pay out the following: “For the first. if you are old. but is actually relatively expensive considering how limited the coverage is. very expensive . then we could insist that you go back to an easier. We will pay this until you are back to work. but less useful are various types of critical illness or accident insurances. you get nothing. to summarise. The amount we pay out may or may not be linked to inflation. rather than to your old profession.” This type of insurance is. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package. you will need someone who is independent to guide you through it. Cheaper. This comes in two varieties: One pays off your mortgage if you die. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. waiting. After that we will pay out X per month. Avoid pure accident coverage. You may also be offered mortgage protection insurance. in a high risk job. 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). Unless you pay extra premiums. This again seems cheap. The other variety protects you in case of unemployment.7 Steps to Freedom by Noel Swanson want everything NOW. unfortunately.simply because they have to pay out so often. There are very many different types available so. again. Step 5 2) Income protection or disability insurance (goes by different names). Check it out. but is usually more expensive than plain ordinary term insurance. or until a certain age (normally retirement age). It seems cheap. Might be worth considering. lower paid job.
advice on estate planning and insurance. 6) Put some regular savings aside as an income cushion.. -44- .asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www.uk/main/index.html This will redirect you to will-writing software that costs only £9. although from a US perspective.com/planning/home.7stepstofreedom.com/ukwills. free.99 http://www.msn.7 Steps to Freedom by Noel Swanson Step 5 3) Review your disability/income protection insurance 4) Do some inheritance tax planning 5) Pay of your debts and put some regular savings aside as an income cushion.smartmoney.com/estate/ http://moneycentral.quotelinedirect.asp Both of these offer good. We will continue Step 5 next week.. http://www. They have useful worksheets to help you calculate how much insurance you need.co.
your sex life . Modern food is desperately short of good nutrients. Make sure you get the best . R. Clayton for a proper. very readable but very well researched account of nutritional supplements . Last week we were preparing for the worst.and it costs you money while it does this to you! Look. your good looks. Go back to “Step 4 continued”. in the herbs that so far we know nothing about. Furthermore. it is becoming clear that the effects of aging are. You have probably tried a dozen times and failed. none of these are present in the artificially products. The goal is to remove all the things that are blocking your flow.Live for Success! L ast week you started to put into place your plan for security. . Furthermore. this week we will prepare to avoid the worst. 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. 2) Get a low-fat cookbook and experiment with some of the recipes . On there you will see some questions that you answered either “yes” or “no”. to a large extent. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants .Step 5 cont. I know it is difficult to stop. -45- . This week. Naturally. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones.found in fresh fruit and vegetables. fortunately. your fitness.what they do.produced from pure organically grown herbs and vegetables. Mostly we dealt with the unpleasant realities of death and incapacity. so put it onto your Midas Method goals and get going: Here is some help: 1. But don’t go for any old supplements. So. you will never achieve it. due to oxidative damage. your taste buds. Click here and take a look a GUARANTEED way to quit smoking. Naturally this will take some time. At the same time. what you need. Indeed. This really is very simple. help is at hand. but if you never start. there are probably a whole host of other vitamins etc. I strongly recommend the book Health Defence by Dr. and why. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. not created in a laboratory. we can be a bit more up-beat.it ruins your health. Get it. STOP SMOKING! You know it is crazy to carry on .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.
go and do it . Nearly all off them treated them with much more respect and attention.it is only hurting you. and then go along to watch or ask questions. tennis. golf. With this programme you really have no excuses. then take a look at Get Fit While You Sit. and alcohol. badminton. lakes and the sea). and there are so many to choose from! Ask at your local library for details of local clubs and courses. 4) Cut down on caffeine. smart clothes. windsurfing. marathon running. 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. swimming. both as a psychiatrist and as a businessman. hill walking and rambling. netball. plus the greater respect from those around you. squash. ice hockey. This. martial arts. If you have not used it in 2 years . go and do it. football. In one. canoeing (can be done on rivers. archery. not them! Over the years. climbing. doctor. it has become absolutely clear to me that the biggest difference between the rich. you will start to feel better and more confident yourself. and many. they took some volunteers. Here are just a few ideas: mountain biking.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . There has been some very interesting research about the effects of first impressions.it is much more fun to keep fit by doing a sport than by going to a gym. They first dressed them in rough. If you need to forgive. Then they dressed them in quality. How you dress does affect how people treat you. 5) Go and see your dentist. casual clothes and sent them out to a variety of high street stores and restaurants. and maybe added some jewellery. 6) Clean out the garage and basement. It affects their self-worth and -46- . and find a whole new dimension to life. many more. did their hair up. is in they way they think. but when you start dressing smartly. and the rest. 90% of people are trapped by their thoughts. and optometrist/opthalmologist for your screening checks. So why not use this to your advantage? Not only that. The difference was unbelievable. will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. and what opportunities are open to you. 7) Make a decision to start dressing for success. You will meet new friends. The restaurant that was “fully booked” now suddenly had a table free. fencing. None of the businesses recognised them.throw it or give it away! The same with all your junk in your bedroom and wardrobes. If you really (and I mean really) cannot find the time to do this. If you need to apologise to someone. They sent them out to the same places. sailing.
-47- . And while you are there. take a look at a few of the hundreds of testimonials the course has received. Do not miss the opportunity to do this course. powerful and free. their marriages and other romantic relationships.7 Steps to Freedom by Noel Swanson Step 5 happiness. To become wealthy. take some parenting classes. We are done with the “boring” stuff. You have already started to change your thinking by reading my newsletter. Poor Dad. place to start. Don’t let your false pride prevent you from having a happy and successful family. and what really traps people. and by reading books such as The Midas Method and Rich Dad. If you don't have The Midas Secrets (unbelievable! () then click here and get them both together. duty. But that only touches the surface. go and do so now. It certainly opened my eyes! In fact. stick to your priorities. Tidworth 9) If you are having difficulties with your children’s behaviour or learning . so what have you got to lose? Or are you not serious about your future? "A brilliant course.. and their bank balance. One of his comments was how much more confident I myself had become since joining the Inner Circle. review your goals. If you haven't. there is the usual 100% money back guarantee. their interactions with friends. In this we will look at some of the money-making vehicles available to you. What are they and which are the best? Do your homework. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. Okay. It's a MUST if you want a life!" Kaz Lemmon. 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. The GOOD CHILD Guide is an excellent. On my website you will also find suggestions and help for other behavioural and learning difficulties. is that way that tools such as guilt. Remember. hire some extra tuition. bosses and colleagues. and so on are used by the powerful to herd the sheep in the directions they choose. Read some books. I was talking to a friend about this just yesterday. even essential.do what it takes to get it right. and see you next week.. Next week we start Step 6. you are going to have to invest something in your personal development. fear. What rarely gets talked about.
That is the purpose of the Plan for Comfort. year after year. routine. then you have a big problem.. Lets assume you are on a fairly average $30. at 5. The idea of this is that it is automatic. That would be $3.. You see. and sort it out.000 savings per year. So what would it be worth if you invested this amount. By the time we have finished you will have in place three plans.. But that’s what experience is all about. If you are already over 45 then time is something you are running out of. The plan for security was no. 10. It is essential that you start this plan NOW. Face the problem now. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. even if all our attempts to be prosperous or even rich fail. I am also making backup plans. life is uncertain.000 per year. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work.I should know. If that is your situation. if you have not already done so. just in case. What does our Plan for Comfort consists of? Quite simple: month after month after month we put aside a regular amount of savings. your Plan for Comfort. and requires no thought. 15 or 20% return? Turn over to find out. this week we work on no. what it does require is time.. But unless you lay the right foundations. although the plan requires no thought or work.Step 6 . the house will just collapse . So while I am building my business. (as I hope will be too . But don't bury your head in the sand. isn’t it? Last week you finished off working on your Plan for Security. 2. Now. And make sure you teach your children to start theirs now too. Too many things are out of our control. The aim is to get as high a rate of interest as we can.step 7 coming up soon!). But make sure you are sitting down. -48- .Your Plan for Comfort W elcome back! This week we really set the wheels in motion. 1. Take a look at the table below to see why: Suppose you put aside 10% of your income each year. It's goal is to provide us with a comfortable standard of living.
116 537.000 5536 45.695 436.774.000 45.555 131.832 2.221 4.326 311.752 91.056 1.287 774.533 12.066 49.020 21000 1.139 55.415 7.930 10.575 20.514 139.468 664.868 139.312.887 33000 2131 36.499 174224 3.448 110.687 82.654 30000 1.147 25.329.723 27.152 188.406 21.751 50.317 104.057 154.150 6.229 271.748 29.923 15.436 554.338.623 28.165 437981 15% 450 968 1.080 34.000 5% 150 308 473 647 829 3.621 86.906 36.430 448.000 3237 3399 45.104 330.954 65.995 1.088 763.426 105.972 71.843 223.796 61.431 4.923 665908 3.548 129.490 174.169 379.817 2.426 25.432 27.005 100.738 151.146 577.009.048 84.397 74.334 126.034 3.180 2.000 1.687 13.968 398.846 3.865 62.322 86.221 24.115.000 4.000 3934 4131 45.747 204.000 2388 39.051 15.518 43.479 15.000 5.371 74.104 19.000 1.411 24.568 80.812 52.321 224.485 11.067 1.886 18.221 51.849 115.623 107. 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 15.320 2.748 46.315 20.497 59.213 1.000 4.105 259.754 247.195 29.701 878.581 141310 10% 300 630 993 1.450 7.647 30.782 45.432 22.180 47.227 21.594 61.899 12.092 249.554 153.000 3.344 929.308 37.192 373.090 95.000 1.315 2.575 19.011 267.958 7.056 118.720 116.915 32.161.227 23.256 122.357 8.074 4.000 45.605.272 45.738 44.147 329.510 168.861 185.644 100.563 2.351 16.338 45.980 17.325 26.177 7.681 1.876 93.316 32.000 5.554 45.613 321.655 287.458 9.363 462.980 6.247 3.451 115.588 213.686 89.494 1335718 20% 600 1.000 45.448 43.021 45.940 78.525 56.197 39816 3.392 9.062 361.926.559 6.418 11.000 4.911 70.736 67.781 5.256 1.613 114.497 75.532 10.200 38.238 74.462 31.869 185.000 2940 45.775 217.952 299.392 1.955 15.750 9.739 645.920 13.564 37.742 142.539 3995447 18.136 385.577 17.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.957 13.649 502.261 30.554 9.600 7.000 45000 45000 5813 6103 6409 6729 -49- .939 4.172 134.000 3747 45.069 128.569 45.458 18.741 164.475 24.620 99.930 13.290 23.000 2.925 92.465 5.790 35.620 44.153 70.358 57.184 3.734 39.616 3.098 35.137 10.657 42.300 6.
a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years.000 a year for the first 15 years). 2) The effect of time . Now before you say. we are putting in $3. health care). And if that has almost caused you a heart attack. At that point. As a result.000+) after 18 years.000 down considerably. and out of the government (state pensions. So . but if all these retirees are taking money out of the investment markets in order to live. at under 15% interest you will never be able to retire. Especially since inflation will have watered even that $30. my pension or the government will look after me". map onto that your current age. with the bulk of them retiring between 2015 and 2020.e.it takes a long time for the profits to build up. I am sorry . i. Moral: you must go for the very highest rate you can get. At the same time the younger generation will still be putting money into those things. In other words. live of your passive earnings of $30.e. they are going to start to take money out out of their pensions (i. instead of putting money into savings and into taxes. 3) At 15% you can retire (i.000 a year for 30 years. and you can see what your position is going to be when you are too old to work. So how does that work? Not only that.000. out of savings (probably also the Stock Market. or property). consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011.7 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.000).6m v. there are fewer and fewer young folk having to pay to support more and more of the old folk. The problem is that there are ever more elderly people.after 10 years you are almost 2. than when you have run out of both money and time at 70. it would take you 50 years to build up to a yearly profit of over $30.e. the Stock Market).but better to face it now. as every percentage point makes a huge difference over time. at 5% return. especially at low interest rates. But don't forget safety as well. Notice three things: 1) The dramatic effect of a higher interest . what do you think will happen to the invesment markets? Yes . "that's okay. 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). even putting aside $3.they will -50- . $110.4 times better off if you are earning 20% compared to 5%. In fact. profit is the profit earned that year. yet a whopping 14.take a look at your financial situation (from Step 3).5-fold increase over 25 years ($1. and they are living ever longer.
For example. given all this. you would have $330. nor am I. So where do you get a good consistent high rate of return? At present.000 spaced out over 15 years.they will take their money out for safety. in turn. plus that fact that the elderly consume the most medical care. And we need to start it now. Steps 5 and 6 are about building confidence. 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. Why? Because time is working for you. The result is a business depression which. To work it needs the maximum amount of time. on top of all this is the rising cost of medical care. even if all else fails. Your Plan for Comfort (this week) is the foundation you build on that rock. It is supposed to enable us to survive. The other main option is to invest in residential property (e. Caused not by fear or panic (although both will be there in abundance). at 15% interest.7 Steps to Freedom by Noel Swanson Step 6 go down in value. I -51- . That is why we all need a Plan for Comfort. And when the young folk see the market going down rather than up.000 and no further contributions. what will they do? You got it . However. At year 20. what do you think will happen to your pension???? Are you happy to rely on it? No.your secure foundation will ensure that you don't get washed away with it. and your house comes tumbling down . low risk strategy. the government will have to put taxes up.g. will leave to go to countries with lower taxes. and those that run businesses. and are thus the most expensive to look after. Then. but simply by the weight of demographics . So.more old people. But if the wind and the storms come (as they might).000. Who will pay for this? To meet all these expenses. leads to less taxes actually paid. the best bet is still the Stock Market. The Plan for Comfort is supposed to be a conservative. Confidence is knowing what you will do if it doesn’t". Your Plan for Security (step 5) is the bedrock for your confidence. houses to let). You could get the same result by starting with a lump sum of just $23. And it also needs as much pump-priming money as you can put into it. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. less children to support them. Someone once told me that "Optimism is believing the best will happen. we have put in a total contribution of $45. Despite the bear market we have had over the past 2 years. in the above chart. Net effect: Stock market crash. But rising taxes means that those with wealth.
The new entrants to the European Union (e. property markets to find some real bargains. There is no excitement in paying the insurance companies their monthly dues. Start today. If they continue to go up you can. you need to develop your plan. on average.the "bottomless pit" my mother calls it. But no. as whatever goes in there never comes out again.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. like glue. the plans for security and comfort are boring. And there is no great excitement in putting aside. indeed. TODAY. gosh. Sure. How will you manage without the money? You will. Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now. Or look to new. now sell them and buy these. Hungary and Czech Republic) are prime examples. fine! But if not. you can develop a system that could pay you. or. And sit on them. and your profits. emerging. just keep plodding away. You will find a way. Wait until the crash and then buy as many houses as you can. All I have to do is to follow the rules and do what it says.g. in real life it is never are smooth and regular as that. I mean. Do NOT put it off. I promise.. the effect is the same. Houses have gone up in value (like shares) for the past 40 years. If you put it off another year. Until we hit the next depression. You could stop smoking for example (I told you I would keep nagging you!) You will -52- . I want to chase the latest "Hot Stock" that is all set to double over the next six months. sit on them. using a mortgage to multiply your investment. the system is just that. others rather flat. or buy options on oil. the system says buy these. at least you have a back up plan. The trouble is. BUT. So. become very wealthy by investing in them. the reason you make so much money is because of leverage i.. every month. But. Whichever you choose. sit on them. you will find yourself very rapidly bankrupt. You see. Some years are way better. saying "I will start next year when I have a bit more money". But if property prices should go down (as they did by 80% in Japan during the 90's).. or speculate on gold or currencies. sit on them. anything with a bit of spice (and risk) to it. of course. if your business takes off and you make your millions quicker than this. that is so hard!!!! I want to do it my way. sit on them. and STICK TO IT. If you set it up right. what do we learn from this? 1) Get your comfortable plan in place. over the long haul. our regular savings into the "system" . So take care. 10-20% interest year after year. But. No. Set up a standing order so it happens automatically.e. Put that regular amount of savings away month after month after month.. Maybe more. a system.. and stick to it. No matter how boring a 10-20% return seems. you will be another year older before you get to enjoy the profits.
your boring. of course.unless. and don't take it out. Then have a look here to see how close (or not) your guess was. It really is like a hole in your -53- . How to earn up to 20% on your investments Want to know how to do it? Okay. see if you can guess how much a packet a day is worth over 10 years. monthly savings that will. however. Using the table above.000 a year. The goal this week is to put together the nuts and bolts of your plan for comfort namely. if you were still living on $30. you will be very glad that you took my advice! Tax . Whatever goes in. your Plan for Prosperity gets you there quicker. take anything out of your comfortable plan . and I hope it does. That is optimism speaking. 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. not confidence. 4) Keep your eye on the (financial) weather.and it can come from all sorts of unexpected directions. regular. If your plan for prosperity does work. under any circumstances whatever. run for cover before the heavens open and it all comes crashing down. Once again. When you see the storm clouds gathering. but start the habit and it soon will be. The more you develop your financial intelligence. That is the only way the compounding can work. stays in. Won’t be much at first. the lower the risk of being destitute when you are old.at least until your yearly profits are double what you want to comfortably live on. Are you getting it yet? Put the money in. and you could get an average 15% return. Keep reading. Do not put it off any longer. lets go. Imagine if you HAD started when you were 15? Just 10% of your income. Keep learning. I must emphasise that you must do this.7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact. Keep your eyes open. it will work even if you are doing the boring plan for comfort. Read that last paragraph again. Now read it again. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free.the hole in your bucket The biggest hindrance to growing your wealth is tax. over time. you could retire in year 18. 3) Teach your kids. That is why it was called the Bottomless Pit. But if adversity comes you way . 2) Do not. build up to your retirement fund .
you then have to pay tax on it at the prevailing income tax rates. indeed. But.no matter how are you work at filling up the bucket. So you have to be smart and tax efficient in how you set up your savings plan. You put that $70 into the scheme and claim back the $30.after-tax savings: You put your normal.do not rely on my suggestions. I am not an accountant or tax advisor . so if you have any doubts about what you are doing. Of course. Tax-efficient saving schemes First. the drawback is that when you come to take your money out. after-tax money into the scheme. If you took all the money out at that time (if. . you would likely be hit with a tax bill at the highest rate of tax. anything you do is at your own risk. One of the most risky situations to be in is to have no control over what you can do. so you pay $30 tax. 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. But suppose the storm clouds gather. They are suggestions only. if you have decided to retire to a sunny Caribbean tax haven. have many more tax advantages they can use. This means that you can put more into your savings. People who run or control large businesses. Once in. So be careful. leaving you with $70 in your hand. the money can grow tax free. This is the system used in Britain (ISA's) and the USA (Roth IRA). I am going to give you some suggestions to think about. you could inform me? Both types will have rules about how much money you can put in each year. at this time I do not know which system other countries use. and can be withdrawn tax-free without penalty. these suggestions apply to middle class people who are either employed or self-employed.perhaps. and the rich. it just keeps leaking away. Most countries have them and they are normally of two types: Type 1 . you are allowed to). I am sorry. You earn $100. The savings can then grow tax free. and a major stock market crash looks imminent.before-tax savings: You put your normal after-tax money into the scheme. 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. But right now we are developing your safety net. but remember. Do your -54- . check out whatever government supported tax-efficient savings schemes there are. so we use what we can at this level. Suppose the tax rate is 30%. consult a suitably qualified professional. Type 2 . Furthermore.7 Steps to Freedom by Noel Swanson Step 6 bucket . Then you reclaim the tax that you had paid on that money. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in.
and be safe from any personal disasters you might face. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. they are at risk should your business go under. so make sure that wherever you put your money. Then pass the profits up to the holding company for safe keeping. Read Robert Kiyosaki's books for more information about how this can benefit you. so make it safe! Having said that . after all. you may find that it is better to leave your savings in the company than to withdraw them. But be careful. you may find that you can protect your assets from the tax man. from inheritance tax. If you do have a company. and then seek professional advice. That is to be avoided at all costs.7 Steps to Freedom by Noel Swanson Step 6 research. or running a business. and from personal bankruptcy and disaster by using carefully constructed Trusts. over all. If the business goes down. from vindictive ex-spouses.you need to get started NOW. The whole point of a plan for comfort is. the company that runs your business.sign up for one. This is your security blanket. I will tell you in a minute what you are looking for from them. Your goal. For the average person. it is safe. that it is a lifeboat in case everything else goes wrong. But this is what the rich do . is to get you money into a place where it can grow tax free. and forget about it (see below). Using Corporations If you are self-employed. But get professional advice. RRSP. if appropriate. use them to their maximum. Roth Ira. Using Trusts If you have a lot of money.so it obviously works. -55- . The way around this is to have a holding company that in turn owns. know their limitations and. as a subsidiary. and under your control. This is very specialised so you must get advice. If the savings are still owned by the same company as your business. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. 401(k) etc) 2) Then think about the other ideas. or are resident in more than one country. the holding company should still remain afloat. it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. these schemes are a must . set up your monthly standing order and standing instructions.
Until the crash. The bad news is that most. the next question is how much do you have to invest right now? There are three bands to think about: 0 . So. and then let you participate in what they have done. RRSP. will almost certainly give you a better return than fixed interest savings like bank accounts. certificates of deposit. TSE 100. so will you. monthly sum by standing order. all fund managers have a follow-the-herd mentality. the S&P 500. here are the steps to take: 1) Find a good fund in which to invest. which.000 . so will you.000 $50. These are the indices that you hear quoted on the news.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . over time. Dow Jones. 401(k)). and if they do poorly. or bonds (gilts in UK). Yes.000 You do not have enough. The good news is that this allows you to participate in the stock market. yet. no. consistent results. It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA.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). That means that if they do well. etc. you will invest in an Investment Trust or Mutual Fund.current investment of less than $20. which is very convenient. to invest in individual stocks or shares. Don't worry. Many of then will run their own scheme. you may have some phenomenal years. Instead.$50.000 $20. but on average you will do averagely . that is. T-bills. How much do you have? Step 6 Okay. Allow you to automatically invest a regular. You set -56- . You will still get excellent returns over the long haul.7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally. this is not bad.$20. national savings certificate. These are companies that buy stocks and shares in huge quantities. You will not get spectacular.
Commissions or other front or rear-end charges ("load") must be minimal. Instead.000 . move onto Plan B Plan B . but the only alternative is to move to a lower tax country.and some more challenges.or that the charges go down to nil if you leave the money in for a few years. never. not hot-shot flash in the pan. If all else fails.000. First of all. This is how much the company charges you each year for running and administering your account for you.they rarely perform well this year. still put 10% aside. buying the shares or units at the prevailing price at the time. and make sure that they are either nil . completely stop the monthly savings .however little you are earning. never. Set it up so that it goes right after your pay arrives in the bank. never. and 10 years. RRSP. A real pain.using a company or trust.$50. above average. 5) Readjust your expenses so that you can live within your means. and they automatically invest it into the scheme.000 At this level you have a bit more flexibility . So maximise the use of the ISA. Don't forget to see if you can use your children's allowances too. 6) Keep going until the total amount invested is worth over $20. Don't look for last year's stars . You want solid consistency. Then investigate the alternatives . 401(k) etc. 5. track record. Above all. Actually. look for which company has been consistently at the top of the pile over 3. there is a lot of sense in thinking about this: Many of them are not only tax -57- . 3) Invest your initial lump sum in the scheme. The company should have a proven. 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. When that happens.current investment of $20. you probably have too much to put straight into a tax-efficient scheme. Management charges should be low (less than 1%). 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. Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully.7 Steps to Freedom by Noel Swanson Step 6 up the order. try to resist the temptation to lower the amount. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income.
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. or online. again. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8). Note: these strategies will work equally well on your own country's stock exchange.sharepeople. Why struggle to become a millionaire. Charles Schwab. So for not a lot of money you can live like kings. In Canada this is called a self-directed RRSP. and so on. looking for minimal set up and maintenance charges.. Scottrade. You now have enough to begin investing in individual shares. You are also looking for low trading costs (commission on buying and selling shares). E*Trade.but you don't want that anyway. and a very low cost of living. I know its boring. Yes. So. You are. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). Just follow the instructions.it is very little work. Isle of Man. Philippines. These are known as discount brokers. Mutual Funds and Investment Trusts..then just invest in US shares (provided your scheme's rules allow it.co. and spread it evenly across the 10 shares that qualify. At this level you move on from investing in Unit Trusts. Normally you can do this by phone. or whatever if you can).com for information on various expatriate havens around the world.. 5) Get hold of How to Retire Rich by James 0'Shaughnessy.escapeartist. when you could move to one of these places and live like one right now? Anyway. If you can't . All they will do is take your instructions and act on them. have a look at www. You will earn a higher return than Plan A. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow". In England. 2) Invest the maximum amount you can into the scheme. TD are examples. which is just what you want. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. Follow 0'Shaughnessy's instructions exactly . In fact. They will not give you any advice about what to buy or sell . Don't try to second-guess the market. Goa (India). Take a look at the British Virgin Islands. many. Belize.uk run a self-directed Maxi ISA. Divide up the total amount that you have to invest. Just do it. Read it. trust. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company. provided you can find the information you need. back to the plot. Vanuatu. 4) Set up your monthly standing order to go into the second account for the rest of this financial year. but also they have lovely climates. fax.. There are now many. www. The only thing that stops you is your fear.. but it still -58- .7 Steps to Freedom by Noel Swanson Step 6 free.
e. however. Please note. Any less and you could be in for a nasty shock if luck is against you. put the money away each month and forget about it. Plan C . On the other hand. just follow the rules. sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. Then move on to Plan C.e.4 of Plan B. First. 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. which defeats the object of having a mechanical plan. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). That means that some years you may make a loss! Overall.000 Now you are really rocking. soon (i. Hmm. But that would mean you have to get into the game of trying to predict the market. passive. probably the safest bet would be gold (if you want to read more about the likelihood of a depression. perhaps in 2004 or 2005). or the combination of the two). Leaders with Lustre. very. it may well be a rocky ride for the next few years. and then tell you the market will crash? Tricky. We are probably even going to go into a depression as serious as the 1930's. just because the market has gone up for 40 years doesn't mean it will go up forever. But be warned. if I knew for sure the market would crash next year.current investment of more than $50. that Reasonable Runaways has significant volatility. no-brain. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways. you should make 18-19% return. At this stage you can go for a full-blown diversified portfolio of 25 different shares. I would tell you to keep your money in cash until then.but do you have a better plan? So how come your not already rich and free? -59- . mechanical plan for comfort. Follow steps 1 . the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy. But for your boring.and don't let any fancy market analyst tell you that they have . and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . however. But you must view this as a long term strategy of at least 10 years. In fact. So. But this is supposed to be a mechanical.000. and you may start panicking that you are losing instead of making money. In fact probably quite the opposite. I don't have a crystal ball . And even cash might not be safe. read Financial Reckoning Day and Conquer the Crash). and then invest after the crash (always the best time). Maybe you will over the short term.they don't! Second. 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. Preferably 15 or 20.
this is all about getting your head straight. Don't wait to know more before you start .Your Plan for Prosperity! STOP! Before you go. I am not your financial advisor. but it will require more work. That might cost you big-time if.you have to start pedalling the bicycle before you can start to steer it. Hopefully. Then. this is my suggestion (and it is a suggestion only. and have a backup plan. Okay there it is: now you need to go out and make it happen.thinking about it will only make you stressed. You can even learn to make money when the market is going down. You can literally forget about them from year to year. so stop worrying about it and go and get a life! All three of these plans require minimal work. you are asleep and oblivious when the crash comes. This is your Plan for Comfort. namely following the market each week according to some pre-defined rules. There are NO guarantees in life. In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you. before too long will probably start to take a more active interest in your plan. You can literally forget about them from year to year. let me ask you one thing: Are you actually going to do it? Set -60- . if you do devote yourself to developing your financial IQ. They will take a few days to set up. But none of this is applicable to your plan for comfort at this stage. That is the goal. The will work excellently up until we have a major stock market crash. The disadvantage is that they are completely mechanical and require no thought. and then you just forget about them from one year to the next. you will have learnt enough to be able to protect yourself from it. Especially forget about it during the rest of the year . You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility. Follow the instructions religiously. That is what this is all about. by the time the crash comes. once the plan is up and running on autopilot. Hopefully it will prevent you from being poor. Follow O'Shaughnessy's instructions exactly. In fact. The advantage of these systems is that they are completely mechanical and require no thought. After the crash they will work again. as a result. So play for the long term. You are on your own and you have to figure it out yourself. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. Remember this is your long term back-up plan. So. See you next week for Step 7 . It won't make you rich.7 Steps to Freedom by Noel Swanson Step 6 As you can see. get to work developing your financial intelligence. That is not the goal.
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. In fact. And it takes so long. by the way!). Want to read more about this principle? Get hold of The Wealthy Barber. Beside you "can’t" spare the money right now. They are absolutely essential reading.7 Steps to Freedom by Noel Swanson up your comfortable plan. Essential Stock Market Books The plans described above are completely mechanical. you must first read Trading for a Living and Come Into My Trading Room. will you still be broke like you are now (And like 95% of everyone else)? Wishing you had started this 20 years ago? Or will you have a tidy sum in your investment account? Don’t put it off. Step 6 Do you know why I say that? Because it is so boring . And when then do.. You need know nothing about the stock market to operate them successfully. I bet you don’t. 20 years. Alexander Elder (another psychiatrist. These are the best books I have ever read on how to invest (and I have read plenty).there always seem to be much better/easier ways of making money than putting 10% into savings each month. 15 and 20 years will pass. do it now. Who wants to wait that long to make some decent money? But you know what? 10. Two excellent books that have been widely read . 15. both by Dr. If you are having any thoughts at all about playing the stock market in any way. or The Richest Man in Babylon.10.yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy. it is probably better if you don't.. since you are then less likely to fiddle with them!. In fact. -61- . I mean.
of course. If you don’t then living your life is rather like getting on a bus without first checking on where it is going. Remember we talked about Optimism v. But Dreams and Goals. some of which are a lot easier than others. This week we start to plan for the best. By now you will have (I hope) some clear dreams and goals. you won’t get on the bus that goes somewhere else. 2) They keep you motivated. However. you would probably just sit down beside the road and hope that someone comes to rescue you. as many ways to reach your goals as there are people. and on your mission in life (Step 4. you shouldn’t complain if it takes you where you don’t want to go! Dreams and goals do two things: 1) They keep you on track. A bicycle will get you to the nearest convenience store. Your Plan for Prosperity is about Optimism. If you do that. and then work downwards. I will start with what I believe to be the very easiest ways to make money. Over the last few weeks we have been planning for the worst. But you need a jet or a ship to take you to a different continent. Perhaps none of these will suit you. Which will suit you will depend on your dreams. But note again. and stops you getting side-tracked. or find another means of transport. This week we are going to look at some different vehicles that you can use to get to your goal. If you know where you want to go. the vehicle you choose depends a lot on the destination you have in mind. but hopefully they will. they do fall into a number of categories.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.Step 7 . remember?). You need a vehicle. If the bus you are on breaks down. act as a spur to find your own vehicle for success. in themselves. you will do what it takes to either find a different bus. There are. -62- . won’t get you there. at least. Confidence? Your plans for Security and Comfort are about confidence. Without the passion inspired by the dream. here it is: your Plan for Prosperity.
direct mail. To do this. and persevere. The beauty about it. you will have to provide a service to people. in order of preference: 1) The internet. But what is the truth? Well. But if you get it right. in turn. Except in very rare situations. radio and TV. Almost always their goal is to attract people to visit their website where they will. People who are selling products or services need customers. work hard. be induced to buy. Both of these make it ideal for the keen and determined newbie. 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. here are my suggestions. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . But there are many ways of doing the above. they might employ various search engine optimisation strategies. and the greater the number of people. if you are to be the one that makes the money from the service you provide.and then find a way to be at the top of the list. or Overture. the more money you will make.com -63- . They can only get customers by getting the word out and telling them about their products. It is just another medium. like newspapers. the reality is that it is like anything else . To do this they need to advertise. In the end there is nothing special about the internet. Or they might buy their position through Google Ad-words.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. you are going to have to run a business of some sort. in order to make money. however. is that it is so cheap to get started. 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.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. You don’t get rich working for other people . and so quick to produce results.the majority of websites make no money. The greater the value of that service. through which business can be conducted. you can become very wealthy indeed.
Then. Like mine. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. once they have successfully sold to a customer. way to start making money on the web. every time someone buys something as a result. and certainly the cheapest. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. 5) Recruit other people to sell on their behalf. if you want to make money from the web.such as my own (click here for more details about my own. free ebooks and other tips and tools to get you up and earning money as quickly as possible. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. Here are some ideas to get you started: 1) Join an affiliate program . You can get started with absolutely no capital. 7) Sell the product by auction using Ebay or similar. Joining an affiliate program is probably the easiest. most will provide regular emails. -64- .7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages.50% commission. they will want to sell to that same customer again and again. service. Now. With my program. you will earn a 40%. if they then become affiliates themselves. you would be wise to invest some money on further training and education.either as a seller of a product yourself. But again. there is a host of ways in which you can get involved in the above list . if the web pages get a lot of traffic themselves. 3) Send out regular email newsletters to people who have expressed an interest in their product. These sales people are called affiliates or associates. They will normally do this by repeated e-mailings to their client base. or as someone who provides services or products to assist in the above process. But that is only worth doing. Better still. if you don't want to waste a lot of time and really want to make the big time. and then pay them a commission for each sale. for example. or company. 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. and some other excellent affiliate programs).
Take a look at anonemailer.on football. and how to avoid the common mistakes people make. All of these work. the more money you can make by selling advertising on your website. Note. At first sight this appears expensive. plus the fact that they walk you through every step of building a successful content-rich site. However. or better still.so make your site interesting . movies. that attracts many visitors. Yahoo. your advice and recommendations. And you can get everything in-between . of course. knitting. it is money well spent. The great thing about Google's ad sense is that the adverts automatically customise -65- . At this point you can then sell advertising space in your newsletter. pets.com for an example of a very simple site that attracts people for the free service. You get paid for the number of times the ad is shown . One with a lot more content is. etc. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. But the more visitors you can get. This is the method used by Goodgle Ad-sense.you get paid for everytime someone clicks through on the ad. 3) Develop your own website. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. they will start to listen to. But the bottom line is that you need lots of people to show these ads to. or the number of people in a mailing list.so I can highly recommend them from personal experience! Click here for more info. when you work out the cost of all the services they provide.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. PPC: Pay per Click . Commission: You get paid for each sale. full of content. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail. In fact. 2) Develop your own mailing list of opt-in subscribers.this could be the number of visitors to your site. Again. not a mini-site (more on those later). if you are going to make some money . How do you build a content-rich site? My recommendation is to go to Site Build It. but clearly have pros and cons. This is the affiliate model. A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. by providing some kind of free service. this is for building a contentrich site.for example. it was these tapes that got me started on my journey to internet profits . etc. It can be about anything in the world. and trust. skiing. or suggest products from which you will earn a commission as an affiliate. games. ice skating.
pornography is the biggest. The key to both of these is to find a niche. skips. Sex.lest any of the internet gurus start accusing me of libel!). however. and online gambling is a close second. Even better. each focussed on one niche product. services or information to other businesses to help them to succeed. Essentially this falls into two types: B2C . hairspray. or how to collect bird feathers. What are they? Well. There are two other businesses that earn people huge amounts of money. tools that help automation. Obviously Money. and Health are major needs that everyone has. etc. But the point is that there are countless tiny markets waiting to be filled. tools. I will be quick to point out that I have no personal experience of either of these. autoresponders. 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.Business to Business . they might be worth your consideration. One way of using this strategy is to put up hundreds of different mini-sites. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well. you need some tools. you would be far better off looking for small niche markets like teaching your parrot to sing. Be aware.g. 5) Not for the faint hearted.it might be a novel. how much would that earn you? To do this quickly. I know. if your morals and ethics permit you. to find a niche that has a desperate need that is currently poorly met.you sell a retail product or service that the ordinary man in the street wants for personal reasons . and so there are huge industries trying to exploit these "niches". But if you had a hundred. But. 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 . a car. so cannot point you very far in the right direction. -66- . Have a read of this free ebook for more information about how to find and use niche markets. Examples include: accounting services. yet are rarely talked about in internet marketing circles. as a newbie. But. I am quoting silly examples. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service.7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. pneumatic drills. graphic design. The good news (of course!) is that I have put just such a bundle together for you.$10 a day.Business to Customer . or how to be a better transvestite.you sell component parts. a newsletter. whatever. e. Each site might earn only $5 . B2B . search engine optimisation. a boat.
If you want good quality information then you will either have to pay for it. So be very careful about what you go for. That in itself is a problem as you just don’t know where to start. very. than to try to do it on the cheap by -67- . your willingness to pay money to learn from others rather than trying to re-invet the wheel yourself. do your homework before you dive in. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook. or sets you off in the wrong direction.$3000. persistence and. So. If you are really serious. or you will have to pay for it.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. so it is ideal for starting alongside your regular day job. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. probably most importantly. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. but either it will be of poor quality. or you will have to spend long hours hunting for it (and remember. time is money). of course!): If it is bad advice. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. you can quickly find a lot of information. Click here for information on starting an online casino. then you are probably well advised to buy a full package of advice and tools. I do have something that could get you started. 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. How long it takes you depends on your determination. okay then. you can fit it around your normal daily schedule. once again. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. which might cost you $100 . different from mainstream marketing. especially on the web: Information can be: Free Quick Good but rarely all three. And do stay on the right side of the law. In other words. Oh. There is a very true maxim about information.
At an auction you can easily end up paying MORE than the property is worth.the Golden Mailbox. repossessions. 2) Investing in real estate. -68- . is not a hamburger business. you don’t need anything else to get going and to become successful) So. But be careful.g. These guys are the very best. It is not difficult to buy properties for no money down. or else rent out. done it. Carry out your due diligence. the NET rent (after all maintenance and management costs) needs to pay more than the cost of a 100% mortgage (this is true even if you are not using a 100% mortgage). then you might have to pay out money if you want to sell it. McDonald’s. Get them. where do you start? My recommendation is to go to someone who knows what he is talking about. for example. location. for example. So if you get it wrong it can be a slow and very painful death. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. Then you need to either renovate and sell at a profit. So check things out. that are in an area that is clearly on the way up. (Actually. location. so don’t be afraid to buy their expertise. This means you can buy them below market value. if you make any money. Ideally you want to find properties that are being sold in distress . So. the same applies for every other business . will cost you some pennies.99 or whatever. Obviously this eliminates most of the risk. but once you have it. then you would be better off just investing the money in the bank. That means that any rise in its value is money that you are making out of thin air! It also means that if the property goes down in value. The resources I have recommended above are invaluable. Also go and visit Frank Garon and Lee Benson. how do you get it right in real estate? Do the sums.e. has been there. and is able and willing to share it. again. Sooner or later. Check the location. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. If it pays less than this. Auctions are a good place to look. If you rent out. It is a real estate business that uses hamburgers as its tool. you are going to be involved in real estate deals.
and even the selling costs. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . You have to do your research. here are my recommendations: Take the time to learn the business. However. one absolutely essential tool that you need for this is a Real Estate Profit Calculator.providing you with a very comfortable passive income. therefore. At some point there will be a correction. you have to do it accurately. And then they wonder why their "perfect investment" is eating them alive! Clearly. A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. Don’t be just optimistic. broker's commission. Remember luck = opportunity + preparation. But it is not enough if you are about to invest thousands of hard earned dollars. The average length of a property bull market is 7 years. allowance for vacancy rates. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . Look at lots of properties before committing to buy . First do the preparation. taxation. not now. you have a plan for if it all goes wrong). You should do these calculations with your -69- . That will be the time to buy. taxes. That means two things . how to survey a property for yourself.. Start with Robert Allen's book. This one has been going on for 10 years or more.you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers. Ultimately. What is more.it is a great time to be an agent. as more sales means more commission.. That is not true. not just how to sell to other people!). People say that property will always go up. The best way of all would be to get a job as a real estate agent.e. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. legal fees. Also is is probably not a good time to get on board as an investor. if this takes your fancy.e. etc. So do your research and studying now so that you are ready to go when the opportunities strike.the buying costs. At the moment (2004) we are in a property boom. Just one point of warning. So. A good one will prompt you for all the important figures. landlord-tenant laws. this in itself will not be enough. you are probably going to want to have a portfolio of income producing properties. Do not try to jump into this as an amateur.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process. renovations. You also need to supplement that with learning about how to invest for yourself (i. and then calculate your projected profits or losses. Don’t be reckless. Stay out of a deal until you are confident (i. perhaps a major one. Also look here for ideas on how to buy with no-moneydown. to retire. In Japan property prices have gone down by 80%. Learn about financing deals. local planning permission rules.
most ordinary companies are absolutely dreadful at marketing. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?). Clearly you will have to do some studying first. making this kind of money should be easy. All I ask is that if I earn for you a $1 that you would not otherwise have earned. Although you can do no-money down deals. for example. realistically you are going to need a bit of capital to get started in this. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. 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 .and you would receive this percentage year after year. depending on the size of deals you area wanting to start off with.yet offers to you enormous leverage if you can get it right. and confident at approaching people and selling your proposal to them. You will need to be an analytical and creative thinker. As you can see. if you can become an expert on marketing. your capital requirement for this is very low. Then you might have to do some jobs completely free of charge.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen. Only when you have done all of that.) Apart from your initial learning costs. 3) Become a Joint Venture broker This has got to be one of the ultimate ways of making big money with no downside! Suppose. you know of an excellent restaurant. Similarly. You can get your profit calculator from here. However. can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile. this proposition carries no risk to the company . And you also know of an excellent flower shop. I will even design specific campaigns. Now. Far better than just charging an upfront. so once you know your stuff. -70- . one-off fee. You will have to be confident of what you know. if you take your lady to a restaurant for a special occasion. and you would have to protect your interests in setting it up. Obviously this is a very small example. (But then that is true of every business.g. but it demonstrates the principle. Don't try to do real estate investing without it. I will do all of this entirely at my own expense at no upfront cost.7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. that you will give back to me just 25c. and only earn later. And you will have to be prepared to work first.
It is very time efficient and. and bringing your offline local business to a much wider. until it provides enough for you to retire. naturally. tell you exactly what to do and how to do it. 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. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . and has low risk. more distant market. has been used by countless people to haul them out of servitude and into the ranks of the wealthy. and I will point you in the right direction. It is not a people business. Click here for more details. if you follow them then you can achieve your dreams. it can very effectively enhance both of these . The principles are very easily learnt and. this one can work for pretty well anyone. Remember that most people are NOT on the internet. and for an internet business. 4) Direct Mail and Mail Order My next recommendation is a home based business. i. you are pretty much on your own with this one . often in a very short time. so there is a huge market offline for the same information that is selling online. unlike the first business. but if you can put more money into it. It is a very easy business to run. -71- . exactly how you are going to run it. information are ideal.you can get started for under $1000 and build it up from there. Or you can buy them wholesale. again.by that I mean you have to work out for yourself. alongside your day job. again. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. Indeed. In fact. (But then that applies to just about every other business I can think of!) Risk is low . and do.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. as it is all done from a distance. allows you to multiply your efforts for maximum profits. However. It can be started on a shoestring. and requires no technical ability. The principles and techniques of direct mail are also invaluable for both a conventional offline business. That means you can run it in your spare time.e. then you can grow it much faster (which is true for pretty well any business).bringing your online business to the huge offline market. It does also require you to come up with some products to sell. Who does it suit? Once again. Both have made millions from the business so can. You can create these: ink and paper.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. you need not have any contact with anyone if you so choose.
this meant that you had to compile lists of all the people you knew who might be interested in starting their own home business. The internet has. they decide to use sales people who are paid strictly on commission. Rather than opening up an expensive store. But they also give these sales people the authority to recruit more sales people.provided you can build a large team. And you can grow your team much faster than every before. In case you are not familiar with it. and done diligently. the concept is simple: The company produces a product (ideally one that has repeat customers. or selling by direct mail. and your team. may live in any country around the globe.they just pay on results. is that the majority of people who get into it never make a dime. MLM) has come a long way over the past 30 years. There is no question that done right. And then they reward you for the sales made by the people you recruit . except that it goes several layers deep instead of just two. and you can have hundreds of people out there selling stuff . but well established type of home based business Network Marketing. This is identical to an affiliate program. Works great for the sales agents (that's you) also . In pre-internet days. of course. or a consumable that is used daily . and good at motivating people. as with everything else. right.and the people they recruit . The business model is very sound. but also on recruiting more people to sell products as part of your team.like soap or vitamins) that it wants to sell. therefore. But still you need to be good at communicating. MLM can bring you a very substantial passive income. changed all of that.and further on. to be honest. Now. Now your prospects. like a subscription. You -72- . think again! Network marketing (also known as muli-level marketing. down through many levels (hence MLM). Done. goes not just on selling products. The emphasis. the reality. On the other hand.7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned. you either love it or hate it! But if you are thinking of dragging all your friends around to your house to hear you present something on a whiteboard about how they can make money from selling soap.and you get a small commission on every item they sell! Works great for the company .
Be wise and get the knowledge first. makes half his income from his MLM team. But these five. determination and perseverance. Then all you need to add is your own enthusiasm and determination. For all of them you will need commitment. so you should know about them and consider them. Make sure they have a strong and reliable history. Quitters never win and winners never quit. Different things suit different people. Either way. Or.7 Steps to Freedom by Noel Swanson will still need to use the phone. And you will have to love talking to people. after listening. you will have saved yourself a lot of time. frustration and disappointment. Hang in there and just keep working the system. nor do any of them guarantee success (which is why you are still working on your plan for comfort. You just have to want your dreams badly enough. you will experience times of excitement and exhilaration as you see your dreams getting closer. a great product (that you would use yourself) and. None of them are a free ticket on the gravy train. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. Next week we will look at some other ways to make money. when you wonder if it is ever going to work. a lot of money. Click here for more info. Be very careful which programs you join. In the meantime. you may decide that MLM is not for you. right?). My guess is that one or other of these is just what you need. You will also have times of deep despair. This will absolutely get you off to the very best start. that they provide a lot of training and support to help you become successful. check these five out carefully. When you embark on them. are the easiest and most reliable for the ordinary person to get into. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. You don’t have to be a genius. Want to know how to get started? Whatever you do. I believe. and a lot of grief. personally. -73- . Others sprang up last month. Some have been around for decades. Are there other ways of making big money? Of course there are. perhaps most importantly. do not waste time and money fumbling around trying to find a decent program.
you are still limited by the amount of work you. Keep listening to tapes. Once again. Are you an expert at what you do? Have you been working at a high level in a traditional big business .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. etc. Here is a common scenario: A young entrepreneur develops a new business and becomes a millionaire. if they suit you better. can fit into a week.? If so. or senior manager. and all your friends to become fabulously wealthy.perhaps as a senior technical advisor. But the key to making big money in this is in the way that you do it. After that he then starts a completely different business and becomes a multi-millionaire. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. me. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. Also. Consulting. then you might be able to branch out as a freelance consultant. the goal is to leverage your time and expertise so that they work for you. But still. This week we examine some more ways of making money. provided you are willing to learn from them. personally. Instead. nor luck . He learns from his mistakes. These are either much harder and more risky than my top five. So that value -74- . What you do not want to do is to offer your expertise as a flat fee or a fee per hour. then go for them! 1). Now. . The more you develop as a person. you may have thought of this before. He loses the fortune because he lacks the financial intelligence to safely manage his success. or marketing director. Why does all that happen? He makes his first fortune because he is able to see the opportunities. The difference between the rich and the rest is not their special skills. the more opportunities you will see. If you do that. and only 25% in the vehicle or tool you use to achieve it.it is the way they think. otherwise they would not think of hiring you. no matter how much you charge. once you stop working. your income also stops. or else they require much higher levels of start-up capital or specialist expertise.Step 7 cont. nor their better intelligence. Success is 75% in the brain. The only thing that stops you is your fears and your ignorance . and the more you raise your financial IQ. The business then fails and he goes bankrupt. Mistakes are not bad.and both can be cured! Keep reading.
that is fine .and indeed the average "expert" is losing money. It is very easy to get burnt. Remember. You will also find invaluable help from the tapes by Nightingale-Conant. Whatever you do. Now. So how do you make money on it? Two things: knowledge. How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. But unless you are very clever. or else decreased expenses for them. Then start trading with a "virtual portfolio" before you put any real money into it. down. don’t listen to your stock broker . There are systems that work. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market. we have already talked about using the Stock Market for your Plan for Comfort. In other words you work just like the lawyers do with their contingency fees . it is unlikely to be the means by which you achieve rapid wealth. you need to have a very disciplined system. that ordinary people can use. it can certainly be the means to maintain and even multiply your wealth.as long as you also continue the boring Plan for Comfort. I consider the number 1 most essential books to be those by Dr.if your consulting brings them no benefit. year. But the sophisticated investor is making money. he lost money too! Ultimately. Start to develop your investing knowledge.each month. the key to building wealth is first to not lose it! As Robert Kiyosaki says. risk has to do with ignorance. and in negotiating. But you have to stick to them over the long term. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. as you develop your wealth through other means. Whatever you do. The average man in the street . or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. To do this you will need some training in marketing yourself. Once again.then you receive a percentage . you will be developing an investment portfolio. 2) Investing. and a system. Over the past 3 years the stock market has been going up and down like a jack-in-the-box. as you become wealthy. or of the amount your expertise is saving them. It is expensive. don't stop doing that! If you choose to take up investing as your Plan for Prosperity.remember. But if you can improve their bollom line .7 Steps to Freedom by Noel Swanson Step 7 must translate in some way into either increased income for them. However. then they pay nothing. -75- . 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. To be consistently profitable. Either way. or sideways. That is so important. Return of investment comes before return on investment! As I have said before. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham.
7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. two problems: First. then you need to stay well clear of the stock market! 4) Franchises.but then the whole idea is that you are trusting them to do it right. There are. there is a cap on how much you can earn. as they have done so in the past. you rent the system to other businessmen. then you are laughing all the way to the bank. as all the details have already been worked out for you. 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. 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 . using the exact same formula. and limited upside potential (although you can still get pretty rich from some of them). you are pretty much guaranteed to make a profit from the business. But is it a good plan for the franchise buyer? Yes and No. You cannot multiply your business . Obviously if you can be the originator of a successful franchise chain. First you develop a business that works.they are merely -76- . Then you roll out that business in multiple locations. High capital to get started. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free .even to McDonald's) 5) Traditional Businesses. And you won’t make any money for the first 3. This means that there is quite a high barrier to starting up. and still potential for losing everything (it happens . The system now works.5 years! With business no. my assessment is: high cost to get into. because it is a low risk way of getting into business . however.because they are the ones doing the multiplying. you have to pay the franchiser a start up fee in order to learn the system and get on-board. A brilliant concept. But rather than risking your own money on it.1 (from last week) you could already be retired by that time! Even then.someone has already taken the risk and done the work. Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. Almost certainly long hours. or the money for the books. Be careful with the small ones (like wheelie bin cleaning. Finally. On the positive side. Yes. Headaches with staff and government regulations. and all you have to do is copy it. If you can't afford the time to study. Get those first. But there are much smaller franchises also. which is all handled centrally. Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget. McDonald’s is the example everyone knows about.
Take a look at the owner of your local high street store (non-franchise). Well. I will refund you your entire purchase price without any quibbles or hassle. 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 .and yes. You are going to have to do something a bit different if you are going to stand out from the crowd. how is this for a plan: Build it up as quickly as you can to a highly profitable level. by the end of that time (or at anytime before then). Do you think he is getting rich running that??? Think of all the overheads he is paying. and then sell it. not yet anyway. Go get them now. Yes you need good customer service. For that reason I would suggest you take some money out of your next advertising budget. In fact.7 Steps to Freedom by Noel Swanson Step 7 getting by. The good news is that both of those can be fixed! Provided you are prepared to do your homework. you are not running a mail-order business and you don't know anything about marketing on the internet. they will work whatever country you are in. you are not fully convinced that will have paid for themselves 10-times over. guess what? Almost certainly the key is going to be the marketing. Okay. maybe you are already in a traditional business. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. b) How to Promote Your Offline Business Online I know. That's right. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. of course. How do you build it up? Ah! Now there is the rub! Well. I know. The first place to start is with the financial management. But you can have all of those and still go broke? Why? Almost always because of either poor marketing. Yes you need good products. and buy both of these resources instead: a) The Golden Mailbox and. What then? Well. Go see your accountant and plug all the holes through which your money is leaking out. The fact is that whether or not you end up using "pure" mail-order. or I will refund the entire cost.). If. or the internet. these materials (together as a bundle) have to earn you at least 10 times their purchase price. traditional business. -77- . Use what you have learned from them for a full year. and turn your traditional business into your retirement cash cow. or poor cash-flow management. Then start to learn about advertising.
Keep working the system until it works for you. 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 . Would he then have written a third? Would that one have been discovered? If you follow this path. But once again you have to do it right. Invest in your financial education. Later on. And stick to it. The classic example of this is life insurance. not your time. So what was the difference? Why did it only sell 5000 the first time and yet so many the second? If it was that good. and with luck ( dare I say that word?) and timing. Above all.even if only for a day! Click here for the low down! 7) Sales.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . And then. And again. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. Work hard in the early years to develop a large client base. developing your mind and your skills will be crucial. But only try it if you are a genius at selling. In this case it is about selling things that produce a long term residual income. then by all means exploit it. And learn about doing Joint Venture and percentage deals . His second became a bestseller. If you have a genius talent at something. why did it make it the second time? It takes persistence to write a second one when your first one made no money. music. year after year you get a smaller cheque each time the client renews. i. why did it not make it the first time? Or if it was that mediocre. If that is you. Read all you can. is about leveraging your time. Take John Grisham as an example. acting. The key. Find a brilliant agent and marketing manager. Much has to do with who you know. Some people are born salesmen. Study and learn. Learn all you can about marketing. they re-issued the first novel.writing.e.don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. once again. -78- . then you can use your talent to set you free. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). but most will fall into the above categories. His second could just as easily have flopped again. that’s about it. You get a good sized commission cheque up front. or that will reward you in proportion to your success. His first novel sold 5000 copies. if you have already written what should be a best-seller. and you can continue to receive these cheques for many years to come. This time it sold hundreds of thousands. You can't do them all. sports. and get out there and strut your stuff. Right. There are as many ways to make money as there are people. Choose one (or maybe more). You sell one policy. be focussed. do your art as a hobbie until it starts to pay off! Finally.
then why not get a job as a real estate agent? That way you earn money today.and then be FREE. Remember . Or you can work your own plan . For example. is yours.7 Steps to Freedom by Noel Swanson Step 7 To start with you will probably have to continue with your day job until your plan for prosperity starts to pay more. if you want to build up a real estate portfolio . -79- . as they say. But even here you can be smart. The choice.40 hours a week for 40 years to make someone else rich.probably for only a few years . and at the same time you are increasing your knowledge about the market as well as meeting the right contacts.you can either keep working the 40-40 plan .
So now. We have covered an awful lot of stuff over the past few months. also teaching you how to be a good employee. about possibility thinking.evidence that you are not content to stay as an ordinary Joe. of course.I hope that it is all making more sense to you. mindset! Everyone who is wealthy says "Read the books. At school you had 12 years of indoctrination. you need to write down what your three plans are: your Plan for Security. it is how you think. like The Midas Method. Remember. in your daily-grind job.and if you have genuinely done the exercises you will have done some hard work . the very fact that you were suspicious of the teaching on changing your mindset was a symptom of your old."how is this going to make me rich?". This is attested to by everyone who is a self-made success .The end is the beginning S o. teaching you how to be a good employee. not the finish. Dad. about daring to believe. In every case. After that you maybe had further education or vocational training. After all that brainwashing it is going to take a bit of time to get your head straight.. change the way you think. You see. yeah. I’ve heard all this before. But what has this to do with me becoming free?" I also recommended some reading. guess what? You need to WRITE DOWN YOUR PLAN. So where do you go from here? Well. That you have made it to here does. the explorers. and you probably did not buy any of them . the artists. the athletes. Ask the businessmen. the edge that separates the best from the rest is their mindset. We have gone full circle. At the time you probably thought "Oh. we have reached "the end"." In fact. So the end really is the beginning.in whatever field of endeavour they are in. Yet you. listen to the tapes. Of course you and I know that it is just the start. and Rich. They certainly transformed my thinking! Now that we have been through a bit together . indeed. the inventors. At the beginning I was talking about dreams and goals. many of them spend literally tens of thousands of dollars doing so. employee. Inner Circle.Step 8 . knew better than them! Which is. your Plan for Comfort -80- . to keep you on track. the key to wealth is not what you do. why you are poor and they are rich! But you have stuck with me this far . Poor. Dad. show that you have got what it takes to make it big. I recommended them because I think they are the best..
to buy one property every 4 months activities . subscribe to auction house mailing lists. There will be two parts to each of the three plans . or writing your will.open up account.7 Steps to Freedom by Noel Swanson and your Plan for Prosperity. Strand 1 .Investment goal . Put it in the back of your ring binder. weekly and monthly activities that you plan to keep doing so that in 2 to 15 years you are able to retire. along with this book. on a piece of paper that you can keep going back to. research shares using his system. Step 8 I mean actually write down. Strand 3 . You might categorise this into categories or strands: e. the daily.Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 .long term build up of capital activity .first will be your to-do list.regularly read Property Auction News.Real Estate goal . listen to 4 tapes. Things that you need to do in order to set the plan up . Then the second part will be the more general strategy. Strand 2 . -81- .like making an appointment with your independent financial advisor. go and look at 3 properties per week.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do .Education read 2 books a month.g. or opening an investment account. attend one business training seminar.
become the best. get yourself into a programme of regularly listening to those tapes and reading the books. tips. educational material about the specific business you are in.. 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. real estate agent) Step 8 And so on. if you know of any good resources or links. encouragement and also some recommendations for further learning and training. You need a combination . If so.g. They are hardly uplifting! Instead. then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. No. Buy them. Also. you will still learn something from each and every one. Notice Strand 4. fill in the gaps. you will have an excellent opportunity for promoting that business further (see below). I would also really like some feedback. if you are running an internet business. and send it back to me. -82- . If you have not enjoyed the course.. Why will you fill it in? Well. please tell me. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). then please let me know so that I can pass that recommendation on to others.7 Steps to Freedom by Noel Swanson Strand 5 . I am hoping that you have found this FREE course to be of value to you. Similarly. or that provides me with the learning opportunity I need (e.some general motivational stuff to help you to keep going even when it gets tough. then doing the questionnaire will be a way of saying thanks. At then end of this email you will find a short questionnaire. In this way we can help each other. and also more technical. Through my newsletter I will continue to provide you with motivation. then I can pass them on to others.Job look for a job that frees up more time. Whatever business you have chosen . If you have some favourite books that you recommend. Please would you click on your "reply" button. But even if they are not. not every one will be the best book you have ever read. I will certainly try to pick the best ones that I know of.
.7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. I have given you a lot of valuable free information. remember what Sir Winston Churchill said: "Never give up.. 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. personal. in return. Remember. Also. Would you please take a moment. Never give up. for example. 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. as well as financial.perhaps we can start a bit of a dialogue through the newsletter. links to useful sites. S. and special offers on my own and other people’s products. Never. parenting etc. 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. right now. including internet marketing. 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. Never. the Inner Circle testimonials). then please tell me . I am asking you to do one simple thing for me. These may range more widely over other issues such as home life. Thank you for your feedback! Keep working your plan. -83- . Depending what it is we may be able to work out some kind of deal! . my goal is to help you to achieve success .com and tell me what you think. Your friend. But I hope it is not the end of our association. to give me some feedback. Never. then please get in touch. if I publish it on my website (see. cash generator. Now.in all areas of your life! If you have any topics or questions you want covered. Just send me an email at noel@7stepstofreedom. As I said." Okay. Noel Swanson P.Joint venturing is always the way forward! So.
replaced by your 4-digit affiliate code. To brand your own copy of this ebook 2. and sign up to my affiliate program.exe.zip file.pdf". you will emailed your unique 4-digit affiliate code. 3. I will even introduce you to some other well respected and high-paying affiliate programs. since it will be called "7stepsbrandable. 4. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate.php?adminid=483&id=XXXX where XXXX is. It's that easy. Open the 7steps. asking you to automatically save the PDF under -84- . You can either brand this book. and drag-and-drop the PDF book into it. What's even better is that when they then sign up as affiliates. PDFbrand. 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.How to Make Money from this Ebook 1.com/x. click the "Brand!" button. Or you can simply tell your friends about the book and point them to my website. and pass it out to your friends by email or on disk. The brander will then come up with a dialog box. Either way. you will earn a commission. 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.com Enter your full website address WITHOUT the http:// eidetika@yahoo.) You will know if you have. Click here.7stepstofreedom. It is absolutely free. if at any time in the next year they buy anything from any of my many websites. of course. Run this program. When you sign up. Click here to download your brandable version of this ebook (if you have not already done so.comEnter your email address as you want it to appear on the front cover 5. Once you're finished entering your details. Write it down! At this point you have two options. and you will find the branding tool.
don't hesitate to email me at noel@noelswanson. Start giving away the book to your hearts content .7 Steps to Freedom by Noel Swanson the name '7steps_branded.the more you give it away. 'Cancel' if you want to save it under a different name or in a different location.com Step 8 6.any spamming and you will be fed to the wolves! -85- . Click 'OK' to automatically save the PDF. But remember . If you have any questions. the more money you could make.pdf' in the same location as the original file.
In the meantime. So.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences. Yours warmly. 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. town).7stepstofreedom.S. and/or if you have a thumbnail photo of yourself that I can use. unless you specify otherwise.com +44 (0) 1329 513296 (UK time zone) P. Naturally you can unsubscribe at any time. I would also cite your name and general location (e. 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.html and sign up ./?:'@~~\=+ -86- . and the odd bit of rambling or ranting. it all helps in promoting your own website! I look forward to hearing from you.remember. 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. Normally.In addition to valuable tips. stories and suggestions.. successes. I wish you every success. Noel Swanson noel@noelswanson. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_. If you would also like me to quote your website URL. please do attach that as well .. great wisdom (!?). I shall assume that you are happy for your comments to be printed or quoted on my website.g. you will also receive frequent free gifts and some very special offers.com/index.
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