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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.
Go on. Do them! This book is not light bedtime reading: it is a workbook. The lock on your dungeon is rusty and difficult to turn. and will cost you not one penny. But above all. And I will use the term "retiring" as meaning the same as "financially free" . or your disabilities that keep you enslaved. and emotionally free. for most people. It will take you about 10 minutes to complete. one more thing. it is not your boss. For that reason I strongly suggest that you print out this entire book now. lets get started. that you have sufficient financial resources that you can -5- .i. the first is usually the most obvious (although probably not as important as the second.7 Steps to Freedom by Noel Swanson Step 1 But it won't happen overnight. I'll tell you what. Okay. as you shall discover. In the following chapters. 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 I will use wealth as our prime goal. (Just click here and you will be taken right there. you will learn how to think! Because. 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.) Then go to the Table of Contents and start on Step One. How to maximise your use of time How to remove the clutter from your life All this. your spouse. 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. You will have to work at them if you are to successfully open them I will show you what to do. Oh. the blueprint for a better life. 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. I will talk much about "retiring" and "building wealth". you will find tasks set for you. Why not start with a simple little project that will sow the seeds of your financial freedom down the road. So where do we start? Well. and much more. It is your own mind. the two biggest hurdles they face are about becoming financially free. The door is stiff and heavy. your poverty.e. Why? Because. as you work through this book. But you are the one that has to do it! And so.
Great! As long as that is your choice and not a necessity.7 Steps to Freedom by Noel Swanson Step 1 choose whether and how to work. But perhaps you have different priorities and goals in life? No matter.you may like your career and want to continue in it. The principles will apply in exactly the same way. Just follow the instructions and you will get there. See you on the other side! Noel Swanson -6- . "Retiring" does not have to mean you never work again .
get up in the morning. trade eight or more of the best hours of your day for a pathetic amount of money. Of being destitute and dependent on a state pension when you are old and frail. you would cut your hours. 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.most of them are based on either a “wish” or an “ought”: “I wish I could lose some weight” “ I wish I could stop smoking” “I really ought to get more exercise” “I really ought to eat more healthily” And so on. go in to work. That’s right. So why do you do it? Let me tell you why: FEAR . neighbours and relatives. On the other -7- . perhaps ill. doing a job that causes you stress and worry.except you have no money. In contrast. So now you are old. If that is not true. You are afraid. and then come home worn out. Of being ridiculed and pitied by your friends. Of what? ‚ ‚ ‚ ‚ ‚ ‚ Of not having enough money to pay the rent or mortgage. 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. let me ask you why it is that you. for forty years? This is often known as the 40/40 plan . And at the end of it. Of having your house repossessed.40 hours a week for 40 years. would you still work at the same job for the same number of hours? I am willing to bet that the day you could afford to.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 get what? A so-called pension that pays you even less than you have been living on for all those hard working years.Step 1 . and 95% of the adult population. with free time to do what you want . Of not being able to feed yourself and your family. only to repeat the same exercise day after day. expenses and luxuries. Of not having clothes to wear.
or staying on your diet. once there is an iron-fast conviction in your soul that says “that’s where I am headed. Instead of “I can’t”. you are correct”. too clever. 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. Take a world class athlete like golfer Tiger Woods. and also for winning. and 2) A reason why. if you like. really want. then your mind starts to look for ways around. you start to find the reasons why you can. Step 1 So.7 Steps to Freedom by Noel Swanson hand. or 5-times Olympic gold medalist Steven Redgrave. the wrong sex. Most likely you are going to have to start some kind of new venture. it is extremely unlikely that it will be through your current job or employment. in your soul. a wish or an ought is not enough to keep you going for even a month. Those just won’t cut it when the going gets tough. Once you know what it is you really. or over the excuses. These need to be so powerful.8 years. safe to say. Henry Ford but it best when he said “Whether you say you can. There will be set backs on the way. and so entrenched in your very being. “If only I didn’t have to go to work every day”. and you set out to get it. And that passion drives them on when others would give up. since money is such a big issue for most people. You will have to make some sacrifices. Once your focus is clear. At times you won’t feel like doing it . the wrong education. But once you have decided. that they start to shape the way you see the world. But. too thin. 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”. There is another aspect to this. -8- . 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. all the excuses start to fall away. day in and day out? It certainly isn’t the money. If you are serious about becoming free in the next 2 . too stupid. too fat. So what do you need? You need two things: 1) A clear goal. or you say you can’t. making serious money takes commitment and perseverence. What makes them train and practice so hard.just like when you don’t feel like going to the gym. To start with your mind will come up with all sorts of reasons why you can’t do it you’re too young. and so on.both for their chosen sport. under. you too need that passion. come what may”. Now. They must win. Things don’t always go as planned. too old. It is a deep seated passion .
and it matters to you. 2) Why did you pick that one priority? -9- . This is of vital importance. not just your finances. “Why not just get on with making the money?” So why is it that these people are broke. those goals and dreams first. if you are still with me. you will find a strong and powerful passion that has driven them onwards. and still interested in learning the secrets of wealth and freedom. while the millionaires stress the number 1 most crucial factor in success is getting your thinking straight. meeting more friends. it probably won’t happen unless there is that passion. Whether it is losing weight. Of all the reasons why people fail to make it in their new venture.7 Steps to Freedom by Noel Swanson Step 1 Note that all this applies to the whole of your life. and the lack of passion for that goal are the top of the list. “What’s the point?”. for everyone who has made a real success of life. or starting any new venture or adventure.nor how big or small your goal is. It is this step that many people will skip over. they would say. 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. (however you might define success). the lack of a clear goal. getting married. getting fit. Who would you listen to? Remember I said that you would need to do some work? Well. here is this week’s homework: Write down your answers to the following questions (you have printed this out on paper. What matters is that it is yours. On the other hand. 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 . stopping smoking.
g. with the mortgage fully paid off. As a first step.you have some work to be getting on with! -10- . “I will be in a 4-bed detached cottage in the countryside. but it is absolutely true! Build a Habit of Success This process of describing and refining your goals and dreams does not stop here .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. of course). It is only a small investment in your future. In fact. The more detailed. I strongly encourage you to start to do so also.g. In fact. Sounds crazy. the greater chances of success. that’s enough for this week .”) Do not miss out this exercise . look at what you will be doing instead (e. This is why successful people are constantly reading and listening to motivational books and tapes.don’t look at what you won’t be doing (e.you will want to be doing this everyday of your life until you reach those goals. what will you be doing.where will you be. I liked it so much I bought the rights to it! Here is the link: click here and get your copy now. and has invaluable lessons (provided you do them. Avoid negatives .and then right down your answers in as much detail as you can. what will you own? Be as specific and detailed as you can. “I won’t be living in this dump”). this is essential if you are serious about unlocking the doors to your dungeon. go to onto the internet and get yourself The Midas Secrets package. Done that? Okay. What do you want for yourself then . the more real your description. the more vivid. it was The Midas Method book that first launched me on the path to success! Like the Remmington shaver fellow.it really is vital. Spend some time thinking and dreaming about this .
7 Steps to Freedom by Noel Swanson In Step 2 we will be looking some more at how to develop your millionaire’s mindset. Step 1 Remember. if you always do what you’ve always done. you’ll always get what you’ve always got. Isn’t it time to do something different? -11- . and the grit and determination to reach those goals.
well.congratulations . such as: < watching soap operas < reading junk mail < doing favours for someone else (it might be important to them. That means they need to be done now -12- . Well worth getting hold of. You should be able to get it from your public library. If not . some of these tasks are urgent. 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. 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 .you have made a crucial first step to achieving them.What is Important? D id you write down your goals from Step 1? If you did . to let other priorities and demands get in the way of what is important.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. Some of this is based on an excellent book by Stephen Covey called The 7 Habits of Highly Effective People.Step 2 .although the friendship might be) At the same time. isn’t it. You will note that some of your tasks are important (by this I mean important to you). you won’t be the only one! It is so easy. 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.
Most of these activities are of the maintenance and improvement type . being kind hearted and generous. the car does not have to be serviced this week. And what happens to Quadrant Two? All those tasks that are vitally important. filling in the crossword.tomorrow is probably just as good. not yours).it’s their agenda. Like going to the gym. Tomorrow is not good enough. If you are like most people . The same with the exercises from last week and from The Midas Method. Then. These activities probably take up most of your day.7 Steps to Freedom by Noel Swanson Step 2 and can’t wait. but sit quietly in the background waiting for you to get around to them. For example. or painting the house.to you . Now. you would find that they actually help to prevent many of the Quadrant One -13- . month. things that have to be done today. Next week. if you could do them regularly.it is important to your future . relative or friend comes along and asks you if you wouldn’t mind helping them with X as they really are in a bind. Often this is because of some deadline imposed by someone else (like the boss. and they have to be done today. You have to do them. if only you had the time. or two months ago. and improving and developing your knowledge and skills. But these activities are important. because you never got around to replacing the oil 6 months ago. Reading this course is a Quadrant Two activity . In fact all those things on your mental “to-do list”. and yourself. daydreaming. or even next month would probably do. and your help would make such a difference to them.these things are both urgent and important. Many of them are of the “putting out fires” variety. because you did not get around to doing them a week.the chances are that most of your activities fall into either quadrant 1 or 4: Quadrant 1 activities .but could easily be pushed to the bottom of the pile until you have time to do it. And. you don’t have to go to the gym today . Included here are things such as getting exercise. you are probably getting stressed by all the Quadrant Two activities (important.looking after your property. Other things are much less urgent. but not urgent) that you know you should be doing. but just can’t find the time for. a colleague. And the ironing can wait until there is time. In between all the stress of dealing with Quadrant One you spend a bit of time trying to relax by indulging in Quadrant Four activities . In fact. For example. you say “yes” to this Quadrant Three activity (Urgent. watching TV with a beer. or keeping up to date with developments in your field of work. take a look at your own life.stressed out by too much to do and too little time in which to do it . Likewise. They need to happen. the car has broken down. maintaining your house and car. Which you would.doodling. In other words. As you do these. or the tax man). but not important . on top of all that.
It is a blank slate for you to write upon. You really can reach your goals .if you make the right decisions. Life is all about the decisions you take. You are where you are because of the decisions you took in the past. Now.other people. At the beginning of each day. But in 17 years of working with families (I am a medical doctor and consultant psychiatrist. that you do them. Sorry if this sounds rather hard. listen to some tapes. You don’t have to be rude or unhelpful. We have all made mistakes. The goal is not to get into self-pity and self-blame about all the mistakes you have made in the past. or get divorced. But whatever they did. you must learn this skill. here are your tasks for the next month: -14- . And often one of the hardest for them to overcome. Most people find this very difficult. I have found this to be one of the biggest reasons for why people continue to have stress. This opens up tremendous possibilities for you.or your could choose to move abroad.. the government? If you are to achieve the success you deserve. and hoping that someone else will do something to improve your lot. ask yourself which quadrant this fits in. schedule in some time that is reserved for these activities . and whatever happened.7 Steps to Freedom by Noel Swanson emergencies! Step 2 So how will they happen? Only if you make sure. the will of god. to summarise. or do not.. your answer to this must be “Me!”. Or you can sit around. The future is unwritten. Of course other people and events have played a part. decide. and problems in their lives. How it turns out for you is down to the decisions you take from here on.and stick to it. But equally you certainly don’t have to be a doormat. So. remember?). complaining about the circumstances. fate. what was crucial was what you did in response. This brings me on to the second main point for Step 2: Who is in charge of your life? Is it you? Or is it something outside of you . or. You can choose to carry on as you are . If it is from quadrant 3 or 4 . Here are some suggestions: With each task you do today. Get some books. in each day. What matters is where you go from here. or change jobs. But if you are going to reach your goals. will affect your life from then on.say “no”! You must work on what is important to you before you work on what is important to other people. misery. or start a business. And whatever you do. there is a balance in all this.
the goal setting is best done at the beginning of the day. By the end of the day you will either have completed all 6 or just some of them.use this for reviewing your goals. Okay . doing repairs.your task this week: Do both of these every day. Then start with number one and persist with it until it is done. But at least you worked on the most important of them. 2) Make a list of the 6 most important (to you) tasks for the day. as long as it happens. the only person you are cheating is yourself.but make sure you don’t slip up again! After all. If you miss a day . etc. getting some exercise. great! If you didn’t . See you next week in Step 3! -15- . the rest can be at any time. Make every effort to avoid being sidetracked or distracted from it.you would not have done them using any other system either. Try and do it at the same time each day . put your Midas Method goals at the top of your list as your Number 1 priority. If you have not already done them. studying. 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 .don’t beat yourself up . Tomorrow make a new list (which might or might not include today’s items). then move on to task two and stick with that until it is done. If you did them all. Make sure you do it each day.
Lets see how it works in a financial sense: Your income is and will be directly proportional to the benefit that you bring. “"Give. So her -16- . shaken together.” Newton. and the difficulty of replacing you. A lawyer or doctor brings greater benefit. But because of the long and arduous training she is rather more difficult to replace. For with the same measure that you use. So what does this have to do with making money? Absolutely everything. This Law is one of the most fundamental laws in the universe. depending on the type of circumstance that they were describing. So instead of hammering on the side of the truck to signal to the driver. planes fly.Step 3 . they simply climbed out of the back . It has been stated by many people. It has its effect every time we do anything.Passion. and rockets are able to land on the moon. and running over will be put into your bosom. in many different forms. the number of people to whom you bring it. whether we like it or not." Jesus. And once you fully understand it. Here are some of the most famous. pressed down. This law pervades the entire universe. we would be wise to learn this. Here are some examples: A window cleaner brings a small benefit to one household at a time. one of the original and greatest motivational teachers. Why did it happen? It is easy to point to their lack of experience with fast moving forms of transport. and Maths E arl Nightingale. but still to only one client at a time. tells the story of some Africans riding in the back of a truck. As the truck was bouncing along down some dusty track. and the incident provided them with some great stories to relate to the friends and relatives. and so it is easy to replace him. it will also be the means to your own financial security. of which the poor African villagers seemed to have been surprisingly ignorant. and underlies just about everything that we do.only to find themselves bouncing and rolling down the road themselves! Fortunately none were hurt. It is through an understanding of this law that cars drive. It is a relatively unskilled job. and use it to our profit. Consequently his pay is low. they decided that this was the point at which they wanted to get off. “For every action there is an opposite and equal reaction. and it will be given to you: good measure. it will be measured back to you. Luke 6:38. Since this is the case. But Earl Nightingale prefers to see it as a wonderful demonstration of the Law of Cause and Effect.
I will put the logs on.but the problem is that it is to only one person at a time! So.become so indispensable to the company that they cannot manage without you. It is not necessarily about working all hours of day and night . then. If you can get it right.for the simple reason that. If you can do this. And there are only so many hours that you have that you can exchange. your reward will follow. entertainers. -17- . all your efforts are primarily going to benefit someone else . The trouble is. Produce the highest output. But be clear that it is in that order first you provide the benefit.find a niche in which you become the expert or the specialist. And yet so many people expect just that. in the end.they expect the pay rise or the promotion first. skilled writing is fairly uncommon.the greater the benefit the better. The maths is simply wrong. The same also applies to star-quality actors. To expect otherwise would be like telling an empty fireplace. the greatest number or sales or clients. so his income can be quite large (in fact. how do you apply this if you want to make some serious money? Clearly you need to find something that: 1) provides benefit to people . but to millions of readers. “you provide the heat and then when you have done that. or cannot be easily provided by someone else. then your reward will follow. as sure as the sun will shine tomorrow. then the rewards follow. Step 3 A best selling author brings a small benefit (a few hours entertainment). not hard.” It does not work that way around. and sportsmen and women. 2) can be supplied to as many people as possible.such employees simply get taken advantage of. Is a World Class football player really worth more than a skilled doctor? Surely the doctor provides a greater benefit to people? Yes .namely the business owner. But work smart. Don’t just do “grunt work” that anyone could do . the best ideas. Getting this combination right is the maths. here is how you do it: Become the best employee there is . it is very hard to become financially independent as an employee . Also. before they will put in the extra work. If you are in employment and wish to rise through the ranks. and 3) is scarce.7 Steps to Freedom by Noel Swanson income is above average. proportionate to the number of readers). This is especially true in employment .the deal is that you exchange your hours of labor for money. The reason for that is very simple . Instead it is about positioning yourself so that you alone are the one that provides the unique benefit that the company depends on.
or collectors desperate for football or pokemon cards. that it is not so much work. as second side to all of this. Whatever means you choose. Find something about which you have a passion. And why not? You are much more likely to put in the hard work if it is fun. Then the maths is right. training tapes and videos. to achieve this. Life is supposed to be fun. than if it is a total bore. So why not. It is no use putting all your efforts into something and then finding out that nobody wants it. thousands. as play. have fun while you are doing it? This is what I call the passion. and/or large conferences and seminars. however. What about finding a way to extend your teaching to hundreds. you will probably find that most millionaires have worked very hard to build their fortunes. to make enough money to become financially free is going to take some work. the only way to make more. Or you could develop a business in which you help other people to be successful. is to find a way to multiply your efforts.but teaching a school class has the wrong maths. You could volunteer at the local homeless shelter and be rewarded with a warm fuzzy feeling about how much you are helping them. But also find something that you love. You love skiing .7 Steps to Freedom by Noel Swanson Step 3 Consequently.do what you love. Clearly. You are much more likely to persevere. Most could probably be described as workaholics. There is.whether that be a hungry crowd desperate for a burger. handicapped. off-piste powder tours)? You love helping people.but being a ski instructor doesn’t pay. to put it the other way around .g. so that they benefit more and more people. most would probably tell you that they love what they do. at least. and see it through to the end if you are passionate about what you do. or that bring great stress. Network (or multi-level) marketing is wonderful tool for doing just that. If you look around. school/business groups) or destination (undiscovered and exotic locations. or even millions? This could be done by books. By its very nature it is -18- .perhaps filling a niche market for a particular type of skier (e. I believe that life is just too short to be spending it doing things that you hate. Why do it when there are so many enjoyable things to do. So get the maths right. you will also have to provide a service or product that people want. then if it is tedious. Much better to find a niche where people are begging for your service . Or. 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. Could you set up some kind of tourist operation .
or fixing cars or cooking). then you are on the high road to both success and happiness. what would give you the greatest pleasure and satisfaction? Do not limit yourself . So at this stage I don’t want you to be worrying about the maths. or do you prefer to just be given a job to get on with? If you could do anything at all. Think also about your personal character traits. or computer programming. The joy is in the journey. and either use the internet as a tool to make it available to the masses. What is your purpose in life? Now. There are two points to consider here.such as writing. The first is that wealth comes from bringing value to other people. it is a process.7 Steps to Freedom by Noel Swanson Step 3 structure so that you more you help others to build successful business themselves. the more you yourself will earn. You could be employed by a company to develop their products . Here is how you can do it (I am indebted to Joe Karbo's The Lazy Man's Way to Riches for this). Note also that the notion of purpose is that of action. You hate meeting strangers and having to talk to people you don’t know. We will be looking more at this in a later Step. or joint venture with someone who does like networking or selling. is worthwhile. you might just find your life’s calling! To help you.or you could develop your own product that has value to many. In a later Step we will be looking at a number of vehicle or tools that you can use to make your money. or are you more artistic and intuitive? Are you good at leading others. 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. Life is not an end point. So if you can find a purpose to your life that brings value to people. Are you good at meeting strangers? Can you quickly put people at ease? Are you a strategic or analytical thinker. lets just think for a minute.let your imagination take you where it will. 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. One way to think about this is to develop your own mission statement. or programming. Your task for this week is to think about your passion. But you love working on a project . here is a question that might prompt some thinking. “My mission (or purpose) in life is to _____________________ (do something) -19- . and suits your personality and unique pattern of strengths. So why not have a personal mission statement. The second is that happiness is a by-product of doing something that is worthwhile. of doing something. All you have to do is to fill in three blanks in the following statement.
When you do. remember that the purpose of what you manage support enable massage validate encourage do is to convey some benefit to someone. but don’t be afraid to find guide organize assist heal prepare awaken your own verbs to use. and what provides me with satisfaction and excitement. able to do as a result of your actions? Table 3 lists some ideas. I will leave that to your imagination. 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. many more. “My mission is to __________ ____________.they relieve their Table 1. influence refine coach inform serve discover encourager. if you are a mechanic. What is it you love doing help referee challenge with people? Are you a natural born teacher. The list in Table 1 nurse acknowledge facilitate may give you some ideas. you will feel it resonate with your whole spirit and being.” Start with finding the right verb. Of course there are many. Below I will give you some ideas. identify the desired outcome of your work with these people. or even countries (if you fancy being Prime Minister!). You will say “Yes! That’s it! That’s what my life is about. But don’t be limited by these.” 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. there will be a “eureka” quality to it. With the right verb you should be able to complete the first stage: “My mission is to ______________ people. leader. In what way will this be of benefit to them? What will they have. 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. Table 2 lists some other possibilities. or motorists. you have your completed mission statement: -20- . Who benefits from what you do. then guess what? You won’t mystify enlighten entertain network expand find any financial reward in it. unique. It might be an audience if you are an entertainer. What you do.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. When you find the right outcome. Note that this might be anything form individual people right up to large groups. or be Table 2. Even drug dealers provide a “benefit” to people . entertainer. mission. keep brainstorming until you find your own.” Step two is then to identify the recipients of your actions. If there is minister enroll enhance no benefit of some kind. what I love doing.
Keep doing so until you have something that makes you feel good. Concentrate only on what it is you want to do. Hang in there! -21- . you can play around with the form of words to make the mission fit you. --. How will they benefit? “My mission in life is to nurse children with cancer to die with dignity and without fear. Life is a journey. At this point do not be thinking about how you will do it.7 Steps to Freedom by Noel Swanson Step 3 “My mission (or purpose) in life is to __________________ __________________ to ________________” Here are some examples: “My mission in life is to mentor self-motivated people to achieve successful and joyful lives.oOo --Your task for this week? Yes. In the Step 4 we will be looking at how to take stock of where you are now. you have guessed it! Complete the blanks above.” “My mission in life is to discover new places to which adventurous golfers can travel.” As you can see from these examples. the destination. So far we have been looking at where you want to get to. Next you need to know where you are now.” achieve wholeness act find adventure appreciate art be responsible be healthy be fit earn explore have fun happiness hear experience joy laugh learn love play golf relax rest retire succeed swim travel Table 3. Only then can you work out the quickest route to get from here to there.
air. Income and expenses . the way in which you will make a difference to people’s lives. and the sequel “Cashflow Quadrants”. So. USA. and the balance sheet (which details assets and liabilities). this week’s task is to take full stock of your situation.Stop the Bleeding W < < < elcome back for the next step! If you have been doing your homework you should. by now: know that you can achieve whatever it is you set your mind to. ship? Doesn’t that depend on where you are now? It might be a bit difficult to travel there by foot. Once again. most of your income probably comes from a job or other kind of -22- Figure 1Figure 1 . specific and detailed. You will find a much fuller explanation of this in Robert Kiyosaki’s best-selling book “Rich Dad. Before we do that. (They are a bit wordy and repetitive at times. The income and expenses report (also known as a profit and loss statement). be excited about the type of contribution that you will bring to the world. or through your local bookstore. medium and long term. train. Suppose. And an aeroplane might not be so appropriate if you are just down the road in Leeds.com . It is as important to know where you are now. coach. have clear. do not rush over this. England”.) You can order them through Amazon. if you are currently in New York. your goal was to “travel to York. There are two parts to a financial statement. your current starting point. Before we start to look at the ways in which you will do all of this. How will you get there? Will you travel by foot. we still have one further preparatory step. I thoroughly recommend them. Poor Dad”. Let’s look very briefly at both of these. England. for example. bus.Step 4 . goals written down as to what you want to achieve in the short. as it is to know where you are going. I want to talk a little bit about how to create your own personal financial statement. At this point of time. but the content is first class.
it is an asset. the financial statement of the rich looks like Figure 2. For example. In contrast. repairs. So. Some of this goes directly out as expenses (of which tax is the biggest one) . In this you can see that the majority of their income comes not from their work. you are trying to get from Fig. but the income stops. your sofa.ouch! The expenses continue. 2 as quickly as possible. This is what you are trying to achieve for financial freedom . In other words. and loan interest. and pretty much everything else you own is a liability in that they are costing you money every month. the rich also manage to sidestep most of the taxes as well. Clearly there are two ways to achieve this . 1 to Fig. and the rent your received was greater than all your expenses in terms of maintenance. but from the assets they have accumulated (arrow C).7 Steps to Freedom by Noel Swanson Step 4 work that you do.one is to cut down on your liabilities and expenses and the second is to build up your assets. So. They do this by passing their passive income through various tax efficient (legal) structures such as limited companies or family trusts. 1). That is not what I call freedom. Unfortunately most of this money immediately flows out again.” In contrast to an asset which is “anything that puts money into my pocket. your car. you can quickly see that your house.arrow A. if you owned a rental property. -23- .” From this definition. you can see the direction of your cash flow: it flows in from the job.having sufficient passive income from your accumulated assets that you can more than meet your everyday living expenses. and out through expenses and liabilities. then that property would be putting money into your pocket. if you ever lose your job . The trouble is. What is a liability? Kiyosaki defines it thus: “A liability is anything that takes money out of my pocket. This income goes into the income section of your report (see Fig. Cashflow of the rich Incidently.arrow B. Figure 1Figure 2 . The rest goes on the various liabilities you have accumulated .
since success is about more than just money. or it won't get done! -24- . It comes in two parts. This is your task for Step 4. for the first week. isn’t it? Ready? Okay. In addition.. and you will probably need to put it as top priority on your priority list. complete your personal financial statement.but then. Once again it will require some work on your part . that is what separates the winners from the losers. you also need to do an inventory of the other parts of your life.7 Steps to Freedom by Noel Swanson Step 4 But first you need to know where you are now.. To do that you need to prepare your own financial statement. so let's allow for two weeks to complete it. You will find the template on the next page.
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-
Your Retirement Quotient tells you what percentage of the week you can take off (i. but I am probably wrong) said: “Income. -29- . expenses $99. If your monthly savings are positive.Total Expenses Net worth = Total Assets . happiness.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. what do you do with these figures? First do these sums: Monthly savings = Total Income . result. “Income $100. $100.7 Steps to Freedom by Noel Swanson Step 4 Financial Security Do you have: A current. misery” Most likely you need to find some way to cut your expenses.e.000 including your house!) Do you have multiple streams of income that will see you through in case of unemployment or economic depression? Now. valid Will? Life insurance (Have you reviewed the insured amounts?) Disability and/or critical illness insurance? Have you planned for avoiding Inheritance Tax (In Britain IHT will hit you if you have assets over £250. expenses $101. result. well done! Now use those to start building up your assets.000 you probably need to be thinking about planning to avoid inheritance tax. If your net worth is greater than $250.
Until next week. your passive income exceeds your expenses.500 and you are receiving $500 a month from your investments. Your Children All of these are important if you are looking for true FREEDOM. go part time). i... you could cut down your working week to earn just $1. once your RQ exceeds 100%. For example. If you have got this far . After that we will start to develop Your Action Plan.7 Steps to Freedom by Noel Swanson Step 4 retire. Obviously. Your Relationships. theoretically.covering topics such as: Your Health. then you can fully retire.WELL DONE! It is not easy doing all that! But tell me. if your monthly expenses are $1..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 ..000 per month. -30- . then 1/3 of your expenses are covered so.
So what is he doing now? Still slaving over his business? Absolutely not! As he says in “Seven Secrets of the Millionaires”. making a difference to the people and community around you. Of course. When do you get off the gravy train so that you can do the things you really want to do.Your personal life till with me? Wow! You are definitely well ahead of almost all of your peers. Look at the coins and banknotes in your pocket. Weaknesses. Then you can map out your own destiny. about enjoying rich and rewarding relationships. it is just an idea. So. 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. where they are now. you can very quickly take charge of your life. and much less known is this: Money is not real. and how they are going to get there. 2) Equally important. what do I have going for me. then you will end up just like Scrooge: rich and miserable. the “law of cause and effect” being chief among them. Which is exactly what you are starting to do.Preparing your Personal Inventory Part 2 . and neglect to build up other areas of your life. Why personal relationships? There are two very important reasons: 1) Success is about much more than just money. So why are they “worth” so much? Purely and simply because people say -31- S . it is time to continue with what business people call an “environmental scan” and a “SWOT” (Strengths. Or seeing the world. But real success is about living life to the full. Just a fancy way of asking “where am I now. 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. Opportunities and Threats) analysis. before you even start on your journey to riches. and what is getting in the way?” In the last lesson we did this for your personal finances. Or pursuing your sports or hobbies. Over the space of 8 years he made himself £10 million. Stuart Goldsmith is an excellent example. If you focus just on money. This week it is time to look at personal relationships and health. you need to decide how much is enough. Money is a tool towards success. How much are they really worth? What would you pay for a piece of paper about 6" x 2"? Or a disk of metal weighing about a 1/4 of an ounce? What would the recycling plant give you for them? Nothing probably.
it will affect every other part. all about honouring agreements with people. Money is merely a tool. It really is like some kind of spiritual force. When you exchange your note for a bag of potatoes. then the agreement between us is soured. or token. And this in turn depends on the agreements that people make with each other. What can block your flow? Pretty much anything. If I fail to do so. you do so on trust that I will deliver value to you. It is very much tied in with the notion of agreements. how much lighter and freer did you feel? That clutter was literally blocking your flow. a mechanism. Flow can be blocked.7 Steps to Freedom by Noel Swanson Step 4 and believe they are.when it gets passed around from one person to another as a token of agreements being made and fulfilled. and that is what this week’s lesson is about. In fact they are about every aspect of your life. of that agreement. For example. the second is when the Flow is blocked. it is a bit of a fire hazard. this is where it gets a bit metaphysical. Wealth is therefore about FLOW. or you will be pretty angry and will never deal with me again. and it can be released again. A suitcase of banknotes under you bed is worth nothing. Now. Both are about more than money. Everything works out. The money that passes between us is just a record. When you buy a book from me. and either I have to make it right again. If anything. The creative energy is blocked. The better you are at that. Have you had times when everything just seems to be going your way? You are on a winning streak. if you get blocked in one part of your life. When it was like that. But there is still more. Money is worth nothing unless it is moving. It is only worth something when it starts to move . The Flow has ceased. and you feel confident and in control? And then there are times when you just feel stuck. 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. therefore. So if you want true success. 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. you will want to make sure that every aspect of your life is an open channel for this mysterious Flow. Nothing goes right. making money is. The first is when you are in the Flow. In the end. for exchanging value between people. Wouldn’t you rather be in the Flow than out of it? Well you can. did you feel the weight of it on your spirit? And when you finally got around to cleaning it out. Because of this. the more you will make. And -32- . It does you no good at all.
do you need to do something about your weight? Do you smoke? Do you get a minimum of 25 minutes sustained aerobic exercise (e.Very Obese Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Yes/no Based on this.. we will start with your own agreements before going on to agreements with others.Obese .g. etc) three times a week? Do you drink more than an average of 2 units of alcohol per day? (Be honest. This final figure is known as your Body Mass Index (BMI) and is an indication of how fat you are! So now you can compare your BMI with the following table (note this applies only to people over the age of 18): BMI Under 18.2) . walking.7 Steps to Freedom by Noel Swanson Step 4 in some mysterious way. Note that this is an ongoing process that you will need to be reviewing regularly.g.. Now divide your weight by your height squared (72/3. Multiply it by itself (1.24 = 22.24). Your Health Do this sum: write down your height in metres (e. cycling. tea.g. that would be putting a block on all areas of your life .8 = 3. 1. running.including agreements you make with yourself! In fact.5 18-5 to 25 25 to 30 30 to 40 over 40 .Healthy .Underweight . No.80m = 5' 11). The questionnaire below will help you to do that. be honest with yourself as this is entirely for your own benefit. Remember that wealth is about honouring your agreements .Overweight . or cola a day? Do you eat at least five portions of fruit or vegetables each day (I bet you don’t!) Do you take any “recreational” drugs? If you are over 40: Have you had your eyes screened for glaucoma in the last 5 years? -33- . 72 kg = 158lb). Then take your weight in Kg (e. I mean really honest!) Do you drink more than 4 cups of coffee. Once again.even your finances! Your task this week is to identify and then start to sort out the blocks in your life.8 x 1.
. Not only is your smoking costing you money everyday. police etc) Unresolved conflicts are the same as broken agreements . If you are a smoker. etc) are you following the prescribed treatment regularly and correctly? Do you eat fish at least twice a week? Yes/no Yes/no Yes/no Yes/no Give yourself one point for each correct answer (you know what they are!). or is still going on as an active argument: Immediate family Relatives Colleagues Friends Bosses Authorities (taxman. Not to mention your health and fitness.so you now have no excuses left! ( Do it now . well done! If you scored less.7 Steps to Freedom by Noel Swanson Step 4 If you are a woman: have you had a cervical screen (Pap smear) done in the last 3 years? Have you had a dental checkup in the last year? If you have know medical problems (heart disease. If you scored 10 or more.don’t put it off again! Look. -34- . 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.. but also it is cluttering up your flow and so is harming your finances much more than you can imagine. Cheating yourself or others may work in the short term. diabetes. set your self some Midas Method goals to deal with it. I am serious. but it’s true. Resolve NOW to do whatever it takes to resolve the conflict. Click on these right now: Guaranteed Way to Stop Smoking and Quit Smoking Right Now Your Relationships Integrity is the key to success. Sorry about the language. One or other of these should sort you out . But in the long term it will come around to bite you in your ass.they seriously impede your flow and will prevent you from achieving true success. high blood pressure. 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.
Now think about those that you count as your loved ones and your friends. go and do it. If you need to put things right. including making money.7 Steps to Freedom by Noel Swanson < < Step 4 If you need to apologise. then pay the price and do it. 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 . And especially don’t make the common mistake of working long hours to buy them everything they want. < If you need to forgive (you probably do). investing time. But it is absolutely the key to freedom . Truly “the sins of the fathers are visited on their children down to the third and fourth generations” as it says in the Bible. so trust me on this. Even so. you (and your kids) will reap rewards if you make some effort -35- .they don’t deserve to be forgiven. but for generations to come. < If you need to own up to something.” And it is usually the poorest parents who say that. It may cost you in the short term. (My best friend and I planned a special holiday to celebrate 20 years of friendship.or even a holiday together. Don’t let it be squeezed out by the “urgency” of all the other things you had to do.) < Let them have their way for a change! None of these will immediately put pennies into your pocket.we get him everything he could want. then do so . 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 . This is another quadrant 2 activity. I know .and I am a consultant psychiatrist. (Just as an example . will save money and heartache down the road .) 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.and not just for you. but it will more than pay for itself over the long haul. But these are solid Quadrant 2 activities that will pay emotional and financial dividends for many years. Yes. then get a friend or counsellor to help you. bite the bullet and tell the truth. Like everything in life. thought and energy into raising them right. but for yours. If you cannot do it on your own. I know that if you have had some serious trauma or abuse in the past that this can be very hard. do it. You cannot afford to have relational clutter messing up your life.it is only yourself that you are harming by failing to forgive. Not for their benefit.
g. As you have probably realised. 3. That is not the goal. repair the guttering. Put them one at a time on your Midas goals. you increase your children’s chances for happy and successful lives a hundred-fold. You will feel so much better when you do. and that affects your flow. and if you can learn and apply them. and so on. your happiness and your prosperity. Then for each of these. Don’t know where to start? Then have a look at my book. Make a list. You don’t have to be perfect. put them on you Midas goals. Your home is where you spend most of your hours.7 Steps to Freedom by Noel Swanson Step 4 to learn how to be a better parent. you give in and don’t say “no” enough. you will have to be happy with yourself. one at a time. Finally. instead of being angry. your are unreliable. For example. So here is a task: 1. No. Now. Yourself Probably the hardest of all. Time to take a look around you. you may need some help with this. and work at them until you achieve success. But you don’t want to end your days as some miserable old “git” that nobody likes. The health visitors I have taught believe it should be compulsory reading for every parent! Your Home Alright. your procrastinate. Stuart addresses this in terms of self-belief in The Midas Method. But this is an ongoing project. The goal is to develop habits that will last a lifetime. No you don’t need to be obsessional. nor even a month or a year. positive. you lie. the reality is that life is a life long project). there are principles that apply. For you to be successful. this is all about developing a lifestyle of success. But you do need to throw out all that junk! Sort out your wardrobe. for each of these. and do all those other little jobs that you have been meaning to get around to. and sort them out. 4. but I would certainly agree with them that a well kept home will enhance your health. picture (visualise) for yourself some situations in which you would want to demonstrate your new. But once again. and will pay you dividends over a -36- . Once again. “The GOOD CHILD Guide”. Make a list of character traits that you are not happy about. e. are you still with me? That is quite a bit of homework I have given you. It ‘s physical state affects your spirit. put next to them what you want to be instead. you don’t need a mansion. You get angry too easily. do you? 2. So. character traits. 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. you might want to be more easy going. You will not complete all these exercises in a week.
dividends including: < < < < < < greater health and longer life happier and more fulfilling relationships less stress. these are all Quadrant 2 activities.7 Steps to Freedom by Noel Swanson lifetime. -37- . It is called getting into the Flow. Do them now. The temptation will be to put them off until you have enough time. You will never have enough time. Don’t. and somehow. See you then. In the next Step we start to put together your action plan. worry and guilt happy and successful children peace and contentment money Step 4 As I have said. make the time for them. magically. you will find you have plenty of time.
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.Your Plan for Security O kay. Why? Because it is your dream that provides the motivation to succeed. Let me give you an example: If I were to lay a plank of wood. would you be able to walk along it without falling off? Sure you would. would be rushing down that plank to rescue the little one. That is what most of your friends and acquaintances are almost certainly doing. what if it were suspended 100 feet off the ground between to tall towers? With no safety net. this week we will really start to rock and roll! But first lets just review how far you have come. eh? Now.Step 5 . say 9 inches wide by 30ft long (25cm x 9m). It is also what you will continue to do unless you have a strong reason to do otherwise. How about if it were raised a foot (30cm) off the ground? No problem. the chances are you will not do what it takes to make the money you desire. So what was the difference? The only difference was the motivation. especially those with kids. -38- . The easy thing to do in life is to drift. That reason is your dream. That is why I spend so much time emphasising the dream and the goals. the reason why. down on the ground. Until your reason why is strong enough. By now I hope that your dream is starting to dominate your thinking.
or.Developed your Dream Step 2 . You will survive. First security.. this is quite likely as we are well overdue for it . So. From Step 4 you will have already identified the holes in your security. unique. If you don’t.see Rich Dad's Prophecy). then prosperity. The first stage is this week Step 5 of the plan. It will be done in two stages. although. I am sure. Walk. and then work backwards Your death What happens if you die? Will your loved ones be looked after? Will your possession go to the people you care about? To make sure. when the going gets tough. you will quit.Written down your Goals Step 3 .Identified your starting point (where you are now) Now it is time to find a vehicle that is going to carry you to your destination. then run. So now it is simply a question of finding the right tools to plug those holes. Fortunately she is unhurt. In fact.7 Steps to Freedom by Noel Swanson Step 5 You have to be constantly reminding yourself of the reason why.Developed your own. you will do okay. You do not need to take excessive risks to become free. which is to develop your action plan for prosperity. purpose in life Step 4 .I’ve been there and done it countless times myself .and wasted years in the process! But back to business. So far you have: Step 1 . or there is another great depression like in the 30's (actually. you need: -39- . Believe me I know it . and the second stage is Step 6.. But the car is a write-off. This is your action plan. You might do everything right. even as I am writing this I have just leant that my sister has flipped her car over. what can you do to protect yourself? That is the goal of this week . Once you boat is watertight. very shaken. or your loving partner might develop leukemia. as it is only when you have this kind of confidence that you can safely embark on Step 6. This is important. then you can attach the outboard engine to it.to develop your plan for security. pull out Step 4 and lets look at it again: We will start with the worst possible scenarios. With this you can have the confidence that whatever life does through at you. In the face of all this uncertainty. and then be hit by a bus as you cross the road tomorrow. You already know that life holds no guarantees. You just never know what is around the corner.
Without a will your possessions will be disposed of according to the prevailing law of the land . the insurance kicks in and they pay you the guaranteed minimum. then we will also pay you a performance bonus of Z. If you die sooner than expected. There are basically two types. For that peace of mind you will pay us a monthly/yearly premium of Y until either the term expires or you die. We will invest this money (usually in the stock market or in bonds). 2) Life insurance. so don’t put it off another day.7 Steps to Freedom by Noel Swanson Step 5 1) A valid will. try this one. In the old days whole life insurance was very common and probably worked quite well. You also have no option for any kind of tax planning. Everyone else needs life insurance. If you live longer than that. You can either buy a printed one from a stationers. Unless your affairs are very complicated. These days you want to avoid it like the plague! Just get term insurance to cover the unexpected. or you can use a computer program that guides you through the process and then prints out your will at the end. -40- . In addition. the do-it-yourself route works perfectly well and is a lot cheaper.99: It really is easy.g.” Whole life assurance (which comes in many different guises and names) says this: “You pay us a monthly amount of Y until your retirement. we will then pay out to your estate the minimum sum of X. 25. No will is bad news write one now. whichever comes sooner. So how do you do that? These days you can either do it yourself or get a lawyer to do it.normally to your nearest kin. Often the process can take a long time. If you have no dependents (e. Term insurance basically says this: “If you die at any time in the next 10. ” So term insurance is pure insurance that protects you in case of the unexpected. it is only £9. If you are in the UK. You will need to get a write-yourself-a will kit. Whole life is a combination of insurance plus savings/investment. 40 years (the predefined term) then we will pay out to your dependents or your estate the fixed sum of X. When (not if) you die. then hopefully you will gain on the investment part. you are still a single student) or you are already financially independent then you can miss this out. if by then we have made enough profit on the investments. If you make it to the predefined retirement age. then we will pay you a cash settlement dependent on the value of the investments. and look after your own investments for your retirement.
3) Inheritance planning. Obviously the longer the term.especially if you have more children! Once you are rich you can cancel the policy. But with simple planning you could easily save yourself over £50. and add in a factor for inflation. in 20 or 30 years time. Standard Life is perhaps the most solid of them all. 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. In Britain you have to pay 40% on everything over £250. This is particularly true for occupations that require manual work or mobility.quotelinedirect. That does it for death planning. You want that company to still be there. horrendously high.000 (which is not a lot if your mortgage is paid off!). What if you are severely incapacitated and unable to make decisions for yourself. but also that due to your aging.com Then. 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. you need it. you need to review it every time your circumstance change . Check them out first. the more expensive the premiums as they have to cover not just the increased risk due to time. If you have any decent Net Worth you need to take some advice on how to minimise death duties.insure. for the UK: http://www.7 Steps to Freedom by Noel Swanson Step 5 How much cover do you need. When choosing an insurance company . You need independent advice.asp US: http://www. If it is more complicated than that. not a hard sell for one company! Or go for one of the online quote brokers. How long do you need it for? You will need to consider the age of your children. so get a good one. You need to be thinking about setting up a power of attorney and perhaps a living will. This is about getting the safest deal.his £200 fee could save your tens of thousands.go for rock solid.000 in taxes. Don’t scrimp . once your insurance is in place. Until then.co. This is not about getting the cheapest deal. ready to pay out. and what your expenses will be down the road (for example will the mortgage be paid off). Then multiply that figure by a factor of 10-20 to get the level of insurance cover you need. if not permanently are. eg. -41- . statistically. whether your partner will go back to work.uk/main/index. see a specialist tax adviser. How do you arrange it? See an independent financial adviser who is not tied to any one particular company. Your independent financial adviser can help.
but applies more or less everywhere): moneycentral. if you are deep in debt. or you might even decide that you do not need it after all! You will never be free if you are a slave to instant gratification. Start putting some regular savings aside into a high interest savings account. no interest. d) Now tear up your new credit card. Seriously. f) Once the credit cards are paid off. This is vital. if you -42- . then start on the next debt . including mortgage. your monthly repayments will be less. You will probably find that by doing so your mortgage will be gone in just a few years. g) Eventually you will be left with just the mortgage.com/content/Retirementandwills/Planyourestate/P34945. If you choose to. By doing this your credit card balance will rapidly reduce. 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).always working from highest interest down. However. exactly as much as you wrote down in b). b) Write down how much you are paying each month in debt servicing.msn. see if you can repeat step c). without any increase in your income. CLOSE the old accounts. each month. And ALWAYS paying off at least as much as you wrote down in b). and then put everything else towards the credit cards. e) Because you have transferred your balance to a new. save up for it . It is crucial that you still pay off. If you have no cash. then go without whatever it is you were trying to buy. Pay the minimum on all your other debts. You don’t need it. c) If there are a lot of credit card debts.7 Steps to Freedom by Noel Swanson Check out this article (US perspective.asp To protect yourself you need: Step 5 1) Cash in the bank. Renegotiate this so that each month you are paying back the sum in b). account. or you will end up in even worse debt. h) Of course this will only work if you STOP SPENDING money that you do not have! If you want something.then you can either negotiate a special price for paying cash. in just 7 years. Ideally you want to have enough money set aside to live on for 3 months. If not. Hopefully you will have paid it all off before they start charging you interest again. Pay cash instead. Once you have done this. then your first priority is to pay off the debt. you can probably pay off your entire debt. Here is how: a) Look at all the debts that you listed in your balance sheet (Step 4).
then we could insist that you go back to an easier. The problem with these is that they pay out only for certain pre-defined illnesses or accidents. very expensive . in a high risk job. You may also be offered mortgage protection insurance. rather than to your old profession. you get nothing. Might be worth considering. The other variety protects you in case of unemployment. waiting. Get the latter. Avoid pure accident coverage. provided this is not more than a certain fraction (usually about 2/3) of your normal gross monthly earnings. If you are off work with the wrong illness. It seems cheap. but less useful are various types of critical illness or accident insurances. or have various risk factors. unfortunately. here is your shopping list this week: 1) Write a will (and think about organ donation) 2) Review your life insurance -43- . We will not cover you for any illnesses or disabilities that you already have. 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). This again seems cheap. There are very many different types available so. lower paid job. to summarise. we will then pay out the following: “For the first. but is actually relatively expensive considering how limited the coverage is. again. After that we will pay out X per month.7 Steps to Freedom by Noel Swanson want everything NOW. The amount we pay out may or may not be linked to inflation. Check it out. if you are old. This comes in two varieties: One pays off your mortgage if you die. you will need someone who is independent to guide you through it. This says: “Pay us a regular monthly premium. We will pay this until you are back to work. period (anything from 2 weeks to 6 months) we will pay nothing. but is usually more expensive than plain ordinary term insurance. If you work for the government there is a high chance that they provide this type of coverage as part of your employment package.simply because they have to pay out so often.” This type of insurance is. If you become ill or injured and are unable to work. or until a certain age (normally retirement age). Unless you pay extra premiums. Cheaper. Step 5 2) Income protection or disability insurance (goes by different names). depending on how secure your job is! So.
free. advice on estate planning and insurance.. We will continue Step 5 next week.asp Both of these offer good. http://www.7stepstofreedom. -44- . They have useful worksheets to help you calculate how much insurance you need.smartmoney.com/ukwills..com/estate/ http://moneycentral.uk/main/index.99 http://www. 6) Put some regular savings aside as an income cushion. although from a US perspective. 7) Consider a living will and power of attorney Here are some useful links to help you with this: http://www.quotelinedirect.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.msn.asp Great source for UK insurance quotes Don't put this step off! It might be tomorrow that you are hit by that bus.co.html This will redirect you to will-writing software that costs only £9.com/planning/home.
I strongly recommend the book Health Defence by Dr. Right? So now set yourself the goals of turning those “no’s” into “yes’s”. Go back to “Step 4 continued”. in the herbs that so far we know nothing about. your sex life .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. Naturally this will take some time. On there you will see some questions that you answered either “yes” or “no”. Click here and take a look a GUARANTEED way to quit smoking. not created in a laboratory. Modern food is desperately short of good nutrients.produced from pure organically grown herbs and vegetables. help is at hand.Live for Success! L ast week you started to put into place your plan for security. your fitness. 2) Get a low-fat cookbook and experiment with some of the recipes . Indeed. we can be a bit more up-beat. to a large extent. the evidence continues to mount up about the dangers of over-processed foods and high fat diets. you will never achieve it. this week we will prepare to avoid the worst. Furthermore. At the same time. Naturally. Get it. I know it is difficult to stop. This week.it ruins your health.found in fresh fruit and vegetables. Furthermore. Why? Because in some cases the organic vitamins and minerals are much better absorbed and utilised than the inorganic ones. R. This really is very simple. . Mostly we dealt with the unpleasant realities of death and incapacity. But don’t go for any old supplements. STOP SMOKING! You know it is crazy to carry on . 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. and why. You have probably tried a dozen times and failed.Step 5 cont. none of these are present in the artificially products. your good looks. The goal is to remove all the things that are blocking your flow.what they do. what you need. So. Last week we were preparing for the worst. but if you never start. Clayton for a proper.and it costs you money while it does this to you! Look. fortunately. This can probably be prevented to a large degree by making sure we consume sufficient anti-oxidants . so put it onto your Midas Method goals and get going: Here is some help: 1. very readable but very well researched account of nutritional supplements . Make sure you get the best . there are probably a whole host of other vitamins etc. due to oxidative damage. -45- . it is becoming clear that the effects of aging are. your taste buds.
many more. and what opportunities are open to you. badminton. 7) Make a decision to start dressing for success. football. It affects their self-worth and -46- . will open up many doors you had never before considered possible! 8) Resolve you relationships with family and friends. smart clothes. They first dressed them in rough. They sent them out to the same places.throw it or give it away! The same with all your junk in your bedroom and wardrobes. canoeing (can be done on rivers. and the rest. Here are just a few ideas: mountain biking. 90% of people are trapped by their thoughts. and many. and find a whole new dimension to life. then take a look at Get Fit While You Sit. The restaurant that was “fully booked” now suddenly had a table free. and optometrist/opthalmologist for your screening checks. 5) Go and see your dentist. golf. With this programme you really have no excuses. archery. 4) Cut down on caffeine. tennis. sailing. go and do it. but when you start dressing smartly. climbing. This. go and do it . If you have not used it in 2 years . and there are so many to choose from! Ask at your local library for details of local clubs and courses. both as a psychiatrist and as a businessman. netball. The difference was unbelievable. squash. If you need to forgive. did their hair up. You will meet new friends. and then go along to watch or ask questions. Nearly all off them treated them with much more respect and attention. they took some volunteers. hill walking and rambling. not them! Over the years. None of the businesses recognised them. How you dress does affect how people treat you. and maybe added some jewellery. 6) Clean out the garage and basement. In one. There has been some very interesting research about the effects of first impressions. martial arts. If you really (and I mean really) cannot find the time to do this. it has become absolutely clear to me that the biggest difference between the rich. swimming. marathon running.it is only hurting you. doctor. you will start to feel better and more confident yourself. If you need to apologise to someone. So why not use this to your advantage? Not only that.7 Steps to Freedom by Noel Swanson Step 5 3) Take up a new sport . lakes and the sea).it is much more fun to keep fit by doing a sport than by going to a gym. and alcohol. is in they way they think. although 1 glass of red wine a day is good for you as it contains high levels of flavanoids that protect you against various cancers etc. windsurfing. casual clothes and sent them out to a variety of high street stores and restaurants. Then they dressed them in quality. fencing. plus the greater respect from those around you. ice hockey.
do what it takes to get it right. I was talking to a friend about this just yesterday. What are they and which are the best? Do your homework. and their bank balance. take some parenting classes. And while you are there. review your goals. -47- . If you don't have The Midas Secrets (unbelievable! () then click here and get them both together. You have already started to change your thinking by reading my newsletter. and by reading books such as The Midas Method and Rich Dad. hire some extra tuition. Okay. On my website you will also find suggestions and help for other behavioural and learning difficulties. The only place I have ever seen this so explicitly exposed is in Stuart Goldsmith’s Inner Circle. you are going to have to invest something in your personal development. fear. Read some books.. But that only touches the surface. place to start.. bosses and colleagues. Don’t let your false pride prevent you from having a happy and successful family. 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. stick to your priorities. is that way that tools such as guilt. take a look at a few of the hundreds of testimonials the course has received. What rarely gets talked about. Remember. and what really traps people. If you haven't. We are done with the “boring” stuff. there is the usual 100% money back guarantee. powerful and free. One of his comments was how much more confident I myself had become since joining the Inner Circle. Do not miss the opportunity to do this course. To become wealthy. and so on are used by the powerful to herd the sheep in the directions they choose. It's a MUST if you want a life!" Kaz Lemmon.7 Steps to Freedom by Noel Swanson Step 5 happiness. their interactions with friends. In this we will look at some of the money-making vehicles available to you. so what have you got to lose? Or are you not serious about your future? "A brilliant course. Next week we start Step 6. The GOOD CHILD Guide is an excellent. go and do so now. It certainly opened my eyes! In fact. and see you next week. duty. even essential. their marriages and other romantic relationships. Poor Dad. Tidworth 9) If you are having difficulties with your children’s behaviour or learning .
. although the plan requires no thought or work.step 7 coming up soon!). just in case. (as I hope will be too . But make sure you are sitting down. year after year. routine. if you have not already done so. The aim is to get as high a rate of interest as we can.. It's goal is to provide us with a comfortable standard of living. Now.. By the time we have finished you will have in place three plans. Face the problem now. 15 or 20% return? Turn over to find out.Your Plan for Comfort W elcome back! This week we really set the wheels in motion. If you are already over 45 then time is something you are running out of. even if all our attempts to be prosperous or even rich fail. The plan for security was no. If that is your situation. and sort it out. That would be $3.000 savings per year. The idea of this is that it is automatic. But that’s what experience is all about. But unless you lay the right foundations. That is the purpose of the Plan for Comfort. I’ve been there and done it! If only I had known 10 and 20 years ago what I know now. It is essential that you start this plan NOW. at 5. Too many things are out of our control. this week we work on no. And make sure you teach your children to start theirs now too. your Plan for Comfort. isn’t it? Last week you finished off working on your Plan for Security. What does our Plan for Comfort consists of? Quite simple: month after month after month we put aside a regular amount of savings. But don't bury your head in the sand. then you have a big problem. as it may get pretty scary! I am sorry if the last few weeks have been rather hard work.Step 6 . So what would it be worth if you invested this amount. You see. the house will just collapse .I should know. -48- . 2. I am also making backup plans.. 10. and requires no thought. Take a look at the table below to see why: Suppose you put aside 10% of your income each year.000 per year. what it does require is time. So while I am building my business. life is uncertain. 1. Lets assume you are on a fairly average $30.
358 57.357 8.261 30.939 4.431 4.748 29.563 2.462 31.738 44.392 1.338.000 45.165 437981 15% 450 968 1.849 115.180 2.751 50.000 2940 45.256 122.000 4.588 213.620 99.623 107.312.686 89.316 32.899 12.000 3.213 1.326 311.287 774.497 59.623 28.363 462.647 30.172 134.980 6.559 6.221 4.701 878.554 153.957 13.147 329.011 267.351 16.221 51.775 217.657 42.548 129.911 70.510 168.468 664.843 223.104 330.458 9.177 7.308 37.000 1.886 18.430 448.136 385.426 105. 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 15.687 13.555 131.741 164.681 1.005 100.518 43.000 3934 4131 45.105 259.752 91.450 7.876 93.930 13.069 128.000 45.514 139.238 74.995 1.184 3.137 10.923 665908 3.115.475 24.169 379.525 56.736 67.104 19.020 21000 1.392 9.494 1335718 20% 600 1.229 271.418 11.415 7.915 32.846 3.227 23.000 5536 45.564 37.192 373.955 15.451 115.861 185.869 185.865 62.923 15.554 9.594 61.000 45000 45000 5813 6103 6409 6729 -49- .000 2388 39.458 18.485 11.616 3.317 104.781 5.754 247.197 39816 3.150 6.581 141310 10% 300 630 993 1.621 86.338 45.048 84.972 71.432 22.411 24.088 763.057 154.748 46.195 29.790 35.695 436.497 75.817 2.221 24.000 5.161.021 45.426 25.056 1.247 3.940 78.315 2.958 7.000 45.180 47.116 537.600 7.152 188.796 61.000 4.325 26.056 118.613 321.000 5% 150 308 473 647 829 3.000 3747 45.605.092 249.272 45.147 25.812 52.532 10.329.062 361.575 20.009.000 5.925 92.300 6.000 2.000 1.747 204.465 5.153 70.200 38.577 17.887 33000 2131 36.926.654 30000 1.720 116.906 36.952 299.649 502.739 645.344 929.742 142.968 398.738 151.539 3995447 18.569 45.575 19.290 23.490 174.436 554.334 126.448 110.074 4.098 35.146 577.000 1.613 114.256 1.432 27.090 95.000 3237 3399 45.782 45.322 86.620 44.7 Steps to Freedom by Noel Swanson Step 6 Year Capital profit value profit value profit value profit value Int.499 174224 3.687 82.954 65.448 43.397 74.067 1.000 4.750 9.320 2.371 74.568 80.406 21.479 15.920 13.315 20.554 45.868 139.051 15.832 2.774.734 39.066 49.321 224.080 34.723 27.227 21.655 287.980 17.930 10.533 12.139 55.644 100.034 3.
and you can see what your position is going to be when you are too old to work. it would take you 50 years to build up to a yearly profit of over $30.000. map onto that your current age. as every percentage point makes a huge difference over time. even putting aside $3. Notice three things: 1) The dramatic effect of a higher interest . As a result.6m v. health care). $110. I am sorry . At that point. than when you have run out of both money and time at 70. And if that has almost caused you a heart attack.it takes a long time for the profits to build up. what do you think will happen to the invesment markets? Yes .e. or property).000+) after 18 years.000 a year for the first 15 years). But don't forget safety as well. but if all these retirees are taking money out of the investment markets in order to live. 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). i.e. So .4 times better off if you are earning 20% compared to 5%. At the same time the younger generation will still be putting money into those things.000).000 down considerably.e.they will -50- . and they are living ever longer. with the bulk of them retiring between 2015 and 2020. "that's okay. consider this: The baby boomers (you are probably one of them) will start to reach retirement age (65) in 2011. In other words. at under 15% interest you will never be able to retire. 3) At 15% you can retire (i.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. So how does that work? Not only that. there are fewer and fewer young folk having to pay to support more and more of the old folk. 2) The effect of time . Moral: you must go for the very highest rate you can get. the Stock Market). especially at low interest rates. Now before you say. a 4-fold rise in interest rates leads to a 2-fold rise in value after 10 years. Especially since inflation will have watered even that $30. we are putting in $3.but better to face it now.000 a year for 30 years. The problem is that there are ever more elderly people. instead of putting money into savings and into taxes.take a look at your financial situation (from Step 3). at 5% return.5-fold increase over 25 years ($1. out of savings (probably also the Stock Market. In fact.after 10 years you are almost 2. they are going to start to take money out out of their pensions (i. live of your passive earnings of $30. profit is the profit earned that year. and out of the government (state pensions. my pension or the government will look after me". yet a whopping 14.
Despite the bear market we have had over the past 2 years. at 15% interest. and those that run businesses. we have put in a total contribution of $45.g.they will take their money out for safety. Net effect: Stock market crash.more old people. For example. It is supposed to enable us to survive. the best bet is still the Stock Market. the government will have to put taxes up. That is why we all need a Plan for Comfort. but simply by the weight of demographics . what do you think will happen to your pension???? Are you happy to rely on it? No. Someone once told me that "Optimism is believing the best will happen. You could get the same result by starting with a lump sum of just $23. Who will pay for this? To meet all these expenses. 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 2010.7 Steps to Freedom by Noel Swanson Step 6 go down in value. So. what will they do? You got it . even if all else fails. The other main option is to invest in residential property (e. I -51- . The result is a business depression which. And when the young folk see the market going down rather than up. plus that fact that the elderly consume the most medical care.000 and no further contributions.000. Caused not by fear or panic (although both will be there in abundance). will leave to go to countries with lower taxes. Your Plan for Prosperity (Step 7) will be the building you erect on that foundation. To work it needs the maximum amount of time. nor am I. in the above chart. leads to less taxes actually paid. The Plan for Comfort is supposed to be a conservative. But rising taxes means that those with wealth. and your house comes tumbling down . you would have $330. less children to support them. in turn. And it also needs as much pump-priming money as you can put into it. given all this. Then. At year 20. houses to let).your secure foundation will ensure that you don't get washed away with it.000 spaced out over 15 years. So where do you get a good consistent high rate of return? At present. low risk strategy. Why? Because time is working for you. However. Confidence is knowing what you will do if it doesn’t". on top of all this is the rising cost of medical care. But if the wind and the storms come (as they might). And we need to start it now. and are thus the most expensive to look after. Steps 5 and 6 are about building confidence. Your Plan for Comfort (this week) is the foundation you build on that rock. Your Plan for Security (step 5) is the bedrock for your confidence.
Get the picture? BORING! Don’t you wish you had started this 20 years ago? Now.g. like glue. Set up a standing order so it happens automatically. You see. There is no excitement in paying the insurance companies their monthly dues. Until we hit the next depression. a system.7 Steps to Freedom by Noel Swanson Step 6 would caution you on this one. I want to chase the latest "Hot Stock" that is all set to double over the next six months. You will find a way. you will find yourself very rapidly bankrupt. sit on them. the effect is the same. Do NOT put it off. But. If you set it up right. BUT. or buy options on oil.. the plans for security and comfort are boring. and your profits. anything with a bit of spice (and risk) to it.. Some years are way better. sit on them. using a mortgage to multiply your investment. or. and stick to it. If they continue to go up you can.. Sure. at least you have a back up plan. or speculate on gold or currencies. as whatever goes in there never comes out again. our regular savings into the "system" . in real life it is never are smooth and regular as that. If you put it off another year. what do we learn from this? 1) Get your comfortable plan in place. Put that regular amount of savings away month after month after month. just keep plodding away. sit on them. you need to develop your plan. on average.. the system says buy these. Wait until the crash and then buy as many houses as you can. 10-20% interest year after year. But no. Whichever you choose. if your business takes off and you make your millions quicker than this. of course.. I promise.the "bottomless pit" my mother calls it. the reason you make so much money is because of leverage i. fine! But if not. that is so hard!!!! I want to do it my way. So take care. So. emerging. Start today.e. and STICK TO IT. Hungary and Czech Republic) are prime examples. And there is no great excitement in putting aside. I mean. The trouble is. No. sit on them. others rather flat. The new entrants to the European Union (e. No matter how boring a 10-20% return seems. indeed. become very wealthy by investing in them. Maybe more. How will you manage without the money? You will. property markets to find some real bargains. All I have to do is to follow the rules and do what it says. saying "I will start next year when I have a bit more money". TODAY. gosh. But. the system is just that. every month. Houses have gone up in value (like shares) for the past 40 years. Or look to new. over the long haul. now sell them and buy these. you can develop a system that could pay you. But if property prices should go down (as they did by 80% in Japan during the 90's). You could stop smoking for example (I told you I would keep nagging you!) You will -52- . you will be another year older before you get to enjoy the profits. And sit on them.
Imagine if you HAD started when you were 15? Just 10% of your income. of course. it will work even if you are doing the boring plan for comfort. your boring. if you were still living on $30. stays in. I must emphasise that you must do this. 2) Do not. and don't take it out. Won’t be much at first. If your plan for prosperity does work. When you see the storm clouds gathering.the hole in your bucket The biggest hindrance to growing your wealth is tax. regular.000 a year. That is why it was called the Bottomless Pit. take anything out of your comfortable plan .unless. and you could get an average 15% return. Even with the very best system you cannot just keep blindly putting money into it without any regard for what is happening in the real world. but start the habit and it soon will be. The more you develop your financial intelligence. you could retire in year 18. build up to your retirement fund . Using the table above. monthly savings that will. not confidence. under any circumstances whatever. however. run for cover before the heavens open and it all comes crashing down. see if you can guess how much a packet a day is worth over 10 years. you will be very glad that you took my advice! Tax . It really is like a hole in your -53- . Are you getting it yet? Put the money in. But if adversity comes you way .7 Steps to Freedom by Noel Swanson Step 6 be amazed at how much money literally goes up in smoke! In fact.at least until your yearly profits are double what you want to comfortably live on. lets go. Do not put it off any longer. That is the only way the compounding can work. Then have a look here to see how close (or not) your guess was. the lower the risk of being destitute when you are old. Do not delude yourself into thinking you don't need it because your plan for prosperity is so sure-fire and risk free. The goal this week is to put together the nuts and bolts of your plan for comfort namely. 3) Teach your kids. and I hope it does. Keep reading. Now read it again. That is optimism speaking. your Plan for Prosperity gets you there quicker. over time.and it can come from all sorts of unexpected directions. Whatever goes in. Once again. How to earn up to 20% on your investments Want to know how to do it? Okay. Keep learning. 4) Keep your eye on the (financial) weather. Keep your eyes open. Read that last paragraph again.
but remember. The savings can then grow tax free. Tax-efficient saving schemes First. so we use what we can at this level. Once in. 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. Of course. and can be withdrawn tax-free without penalty. at this time I do not know which system other countries use. it just keeps leaking away. . the money can grow tax free. Furthermore.do not rely on my suggestions.no matter how are you work at filling up the bucket. This is the system used in Britain (ISA's) and the USA (Roth IRA). Most countries have them and they are normally of two types: Type 1 .after-tax savings: You put your normal. So be careful. Suppose the tax rate is 30%. Then you reclaim the tax that you had paid on that money. One of the most risky situations to be in is to have no control over what you can do. these suggestions apply to middle class people who are either employed or self-employed. 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. consult a suitably qualified professional. But right now we are developing your safety net.perhaps. after-tax money into the scheme. Do your -54- . leaving you with $70 in your hand.before-tax savings: You put your normal after-tax money into the scheme. I am sorry. It is fine if you retire on a lower income (and therefore a lower tax bracket) than when you put the money in. You put that $70 into the scheme and claim back the $30. you would likely be hit with a tax bill at the highest rate of tax. They are suggestions only. Type 2 . People who run or control large businesses. So you have to be smart and tax efficient in how you set up your savings plan. and a major stock market crash looks imminent. then you may not have to pay any! This is the system used in Canada (RRSP's) and USA (401(k)). you then have to pay tax on it at the prevailing income tax rates. and the rich. indeed. So your $70 of savings has cost you only $40 out of your pocket. I am not an accountant or tax advisor . You earn $100. anything you do is at your own risk.7 Steps to Freedom by Noel Swanson Step 6 bucket . the drawback is that when you come to take your money out. so you pay $30 tax. you are allowed to). so if you have any doubts about what you are doing. This means that you can put more into your savings. check out whatever government supported tax-efficient savings schemes there are. But suppose the storm clouds gather. But. If you took all the money out at that time (if. if you have decided to retire to a sunny Caribbean tax haven. have many more tax advantages they can use.
it will almost certainly be more tax efficient for you to form a legal company (limited company in UK. That is to be avoided at all costs. the holding company should still remain afloat.7 Steps to Freedom by Noel Swanson Step 6 research. use them to their maximum. from inheritance tax. set up your monthly standing order and standing instructions. Your goal. This is your security blanket. the company that runs your business. is to get you money into a place where it can grow tax free. Roth Ira. that it is a lifeboat in case everything else goes wrong. you may find that you can protect your assets from the tax man.sign up for one.you need to get started NOW. For the average person. you may find that it is better to leave your savings in the company than to withdraw them.so it obviously works. from vindictive ex-spouses. know their limitations and. over all. The way around this is to have a holding company that in turn owns. they are at risk should your business go under. it is safe. and then seek professional advice. if appropriate. The whole point of a plan for comfort is. these schemes are a must . Then pass the profits up to the holding company for safe keeping. I will tell you in a minute what you are looking for from them. But get professional advice. and forget about it (see below). RRSP. This is very specialised so you must get advice. so make it safe! Having said that . But this is what the rich do . If you do have a company. 401(k) etc) 2) Then think about the other ideas. Using Trusts If you have a lot of money. If the savings are still owned by the same company as your business. and be safe from any personal disasters you might face. Read Robert Kiyosaki's books for more information about how this can benefit you. -55- . after all. So this is what you need to do: 1) Open up your tax-efficient saving scheme (ISA. or are resident in more than one country. Using Corporations If you are self-employed. so make sure that wherever you put your money. or running a business. and under your control. 'S' or 'C' corporation in the US) and to pay yourself dividends than to be a sole trader or on a salary. But be careful. If the business goes down. and from personal bankruptcy and disaster by using carefully constructed Trusts. as a subsidiary.
These are the indices that you hear quoted on the news. That means that if they do well.$50.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). here are the steps to take: 1) Find a good fund in which to invest. certificates of deposit. monthly sum by standing order. These are companies that buy stocks and shares in huge quantities.000 .000 $50. the next question is how much do you have to invest right now? There are three bands to think about: 0 . which is very convenient. this is not bad. all fund managers have a follow-the-herd mentality. and if they do poorly. Many of then will run their own scheme. The good news is that this allows you to participate in the stock market. You set -56- .$20. to invest in individual stocks or shares. you may have some phenomenal years. will almost certainly give you a better return than fixed interest savings like bank accounts. or bonds (gilts in UK). over time. So. Yes.000 $20. RRSP. 401(k)).7 Steps to Freedom by Noel Swanson You cannot afford to dilly dally.current investment of less than $20. Don't worry. national savings certificate. The bad news is that most. that is. T-bills. etc. You will still get excellent returns over the long haul. Allow you to automatically invest a regular. and then let you participate in what they have done. but on average you will do averagely . yet. It needs to meet the following criteria: Be suitable for your tax-efficient scheme (ISA. so will you. How much do you have? Step 6 Okay.000 + Follow plan A below Follow plan B below Follow plan C below Plan A . so will you. Instead. no. Dow Jones. consistent results. you will invest in an Investment Trust or Mutual Fund. which. Until the crash. TSE 100. the S&P 500.000 You do not have enough. You will not get spectacular.
6) Keep going until the total amount invested is worth over $20.000. Set it up so that it goes right after your pay arrives in the bank. look for which company has been consistently at the top of the pile over 3. Actually. never.000 At this level you have a bit more flexibility .7 Steps to Freedom by Noel Swanson Step 6 up the order. never. but the only alternative is to move to a lower tax country.$50. RRSP.000 .and some more challenges. Management charges should be low (less than 1%). 2) Do the same for your partner. This is how much the company charges you each year for running and administering your account for you. Then investigate the alternatives . and make sure that they are either nil . Don't forget to see if you can use your children's allowances too.current investment of $20. Commissions or other front or rear-end charges ("load") must be minimal. you will just have to put it into an ordinary investment account and pay up the taxes when they are due. First of all. If all else fails. Instead. there is a lot of sense in thinking about this: Many of them are not only tax -57- . try to resist the temptation to lower the amount. never. So maximise the use of the ISA. When that happens. and 10 years. 3) Invest your initial lump sum in the scheme. The company should have a proven. Some companies charge as much as 5% for you to invest in their fund! Check the charges very carefully. 5. still put 10% aside. buying the shares or units at the prevailing price at the time. and they automatically invest it into the scheme.however little you are earning. not hot-shot flash in the pan. track record. Don't forget to increase the amount whenever you get a pay rise! If you have a decrease in income. 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. you probably have too much to put straight into a tax-efficient scheme. 401(k) etc. You want solid consistency. completely stop the monthly savings . A real pain. Don't look for last year's stars . above average.or that the charges go down to nil if you leave the money in for a few years.they rarely perform well this year. 5) Readjust your expenses so that you can live within your means. Above all.using a company or trust. move onto Plan B Plan B .
have a look at www. but also they have lovely climates. www. In England.. fax. but it still -58- . provided you can find the information you need. and so on. Philippines.sharepeople.. many. or online. At this level you move on from investing in Unit Trusts. Follow 0'Shaughnessy's instructions exactly . Charles Schwab. TD are examples. You now have enough to begin investing in individual shares. 5) Get hold of How to Retire Rich by James 0'Shaughnessy. Next year you will be able to put this into the tax efficient scheme as you will have a new yearly allowance. These are known as discount brokers. Vanuatu. You are also looking for low trading costs (commission on buying and selling shares). I know its boring. Then put into practice one of the smaller (10-share) strategies such as "Dogs of the Dow". There are now many.it is very little work.escapeartist. and spread it evenly across the 10 shares that qualify. again. Canadian RRSP's restrict the amount the you can invest in non-Canadian shares). 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. Scottrade. They will not give you any advice about what to buy or sell . Just do it. and a very low cost of living. Just follow the instructions. You are. Yes. looking for minimal set up and maintenance charges. Take a look at the British Virgin Islands.uk run a self-directed Maxi ISA. Goa (India). Note: these strategies will work equally well on your own country's stock exchange. E*Trade. 4) Set up your monthly standing order to go into the second account for the rest of this financial year. trust. 3) Find a non-tax efficient discount broker and set up an account for the remainder of the money (or use a company. Belize.. Don't try to second-guess the market.co. All they will do is take your instructions and act on them.com for information on various expatriate havens around the world.. Divide up the total amount that you have to invest. which is just what you want. Normally you can do this by phone. Why struggle to become a millionaire. back to the plot. when you could move to one of these places and live like one right now? Anyway. Mutual Funds and Investment Trusts. 2) Invest the maximum amount you can into the scheme.7 Steps to Freedom by Noel Swanson Step 6 free. So for not a lot of money you can live like kings.. In fact. The only thing that stops you is your fear. So. companies that offer on-line or telephone trading at $29 or less per trade (some as low as $8).then just invest in US shares (provided your scheme's rules allow it. In Canada this is called a self-directed RRSP. Isle of Man. You will earn a higher return than Plan A. Read it. or whatever if you can).but you don't want that anyway. If you can't .
So. and maybe it won't earn 20% or even 15% or 10% over the next 15-20 years . sounds kind of like I am contradicting myself here doesn't it? I tell you to put your money in shares. I. and then invest after the crash (always the best time). We are probably even going to go into a depression as serious as the 1930's. Plan C . But be warned. Follow steps 1 . very. First. perhaps in 2004 or 2005). if I knew for sure the market would crash next year. But that would mean you have to get into the game of trying to predict the market. passive.e. which defeats the object of having a mechanical plan.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.e. however. But for your boring. That means that some years you may make a loss! Overall.but do you have a better plan? So how come your not already rich and free? -59- .and don't let any fancy market analyst tell you that they have . But this is supposed to be a mechanical. and then tell you the market will crash? Tricky. long-term plan. read Financial Reckoning Day and Conquer the Crash). and you may start panicking that you are losing instead of making money. put the money away each month and forget about it. probably the safest bet would be gold (if you want to read more about the likelihood of a depression.000 Now you are really rocking. Any less and you could be in for a nasty shock if luck is against you. Hmm. And even cash might not be safe. But you must view this as a long term strategy of at least 10 years.they don't! Second. In fact. just follow the rules. Please note. it may well be a rocky ride for the next few years. no-brain. then read James 0'Shaughnessy's book and do one of the big strategies (Reasonably Runaways. you should make 18-19% return. Preferably 15 or 20. In fact probably quite the opposite. just because the market has gone up for 40 years doesn't mean it will go up forever. Leave the thinking and predicting and speculating to your active plan-for-prosperity (next week). At this stage you can go for a full-blown diversified portfolio of 25 different shares. On the other hand. mechanical plan for comfort. the crash might not happen for another 5 to 10 years as predicted by Robert Kiyosaki in Rich Dad's Prophecy. I don't have a crystal ball . I would tell you to keep your money in cash until then. Then move on to Plan C. however.current investment of more than $50. Particularly over the next 2 or 3 years as I personally believe that we are likely to have another serious market crash very.000. soon (i. or the combination of the two). Leaders with Lustre. Maybe you will over the short term.4 of Plan B. that Reasonable Runaways has significant volatility.
In fact. namely following the market each week according to some pre-defined rules. You can probably quite easily get a higher return than these (20%+) with greater safety and less volatility.7 Steps to Freedom by Noel Swanson Step 6 As you can see. So. But none of this is applicable to your plan for comfort at this stage. once the plan is up and running on autopilot. let me ask you one thing: Are you actually going to do it? Set -60- . Remember this is your long term back-up plan. Follow O'Shaughnessy's instructions exactly. You can even learn to make money when the market is going down. and have a backup plan. by the time the crash comes. It won't make you rich.you have to start pedalling the bicycle before you can start to steer it.thinking about it will only make you stressed. That is the goal. as a result. This is your Plan for Comfort. before too long will probably start to take a more active interest in your plan. Hopefully. In the meantime your lifeboat is in place and you are allowing time and compound interest to do some work for you.Your Plan for Prosperity! STOP! Before you go. After the crash they will work again. The disadvantage is that they are completely mechanical and require no thought. Hopefully it will prevent you from being poor. The advantage of these systems is that they are completely mechanical and require no thought. I am not your financial advisor. this is all about getting your head straight. You are on your own and you have to figure it out yourself. That is not the goal. get to work developing your financial intelligence. so stop worrying about it and go and get a life! All three of these plans require minimal work. Then. if you do devote yourself to developing your financial IQ. See you next week for Step 7 . Don't wait to know more before you start . You can literally forget about them from year to year. They will take a few days to set up. That is what this is all about. but it will require more work. you will have learnt enough to be able to protect yourself from it. so can accept no responsibility for how much you win or lose by doing this): Start the plan NOW. Okay there it is: now you need to go out and make it happen. and then you just forget about them from one year to the next. The will work excellently up until we have a major stock market crash. So play for the long term. You can literally forget about them from year to year. That might cost you big-time if. There are NO guarantees in life. this is my suggestion (and it is a suggestion only. you are asleep and oblivious when the crash comes. Especially forget about it during the rest of the year . Follow the instructions religiously.
20 years. Alexander Elder (another psychiatrist. In fact. Essential Stock Market Books The plans described above are completely mechanical. I mean. Who wants to wait that long to make some decent money? But you know what? 10.yet rarely followed! Also get hold of Robert Kiyosaki's Rich Dad's Prophecy. will you still be broke like you are now (And like 95% of everyone else)? Wishing you had started this 20 years ago? Or will you have a tidy sum in your investment account? Don’t put it off. 15.10. I bet you don’t. it is probably better if you don't.there always seem to be much better/easier ways of making money than putting 10% into savings each month. In fact. since you are then less likely to fiddle with them!. Beside you "can’t" spare the money right now. -61- . They are absolutely essential reading. And it takes so long.. by the way!). Want to read more about this principle? Get hold of The Wealthy Barber. And when then do. I think you would be stupid to try to invest in the stock market (other than by a mechanical plan as above) without first reading them. If you are having any thoughts at all about playing the stock market in any way. do it now. Step 6 Do you know why I say that? Because it is so boring . you must first read Trading for a Living and Come Into My Trading Room.7 Steps to Freedom by Noel Swanson up your comfortable plan. These are the best books I have ever read on how to invest (and I have read plenty).. Two excellent books that have been widely read . 15 and 20 years will pass. You need know nothing about the stock market to operate them successfully. both by Dr. or The Richest Man in Babylon.
here it is: your Plan for Prosperity. I will start with what I believe to be the very easiest ways to make money. If you don’t then living your life is rather like getting on a bus without first checking on where it is going. in themselves. But Dreams and Goals. But you need a jet or a ship to take you to a different continent. A bicycle will get you to the nearest convenience store. and on your mission in life (Step 4. If the bus you are on breaks down. -62- . Which will suit you will depend on your dreams. or find another means of transport. you would probably just sit down beside the road and hope that someone comes to rescue you. Confidence? Your plans for Security and Comfort are about confidence. but hopefully they will. 2) They keep you motivated. act as a spur to find your own vehicle for success.Step 7 . some of which are a lot easier than others. This week we are going to look at some different vehicles that you can use to get to your goal. There are. If you know where you want to go. as many ways to reach your goals as there are people. However. This week we start to plan for the best. won’t get you there. you shouldn’t complain if it takes you where you don’t want to go! Dreams and goals do two things: 1) They keep you on track. you won’t get on the bus that goes somewhere else. If you do that. Without the passion inspired by the dream. remember?). at least. and then work downwards. you will do what it takes to either find a different bus. the vehicle you choose depends a lot on the destination you have in mind. By now you will have (I hope) some clear dreams and goals. But note again. You need a vehicle.Your Plan for Prosperity A t last we are getting the meat of it! This is what you signed up for in the beginning wasn't it? I hope you realised now how important it was to cover all the other stuff first? So. they do fall into a number of categories. of course. Perhaps none of these will suit you. Remember we talked about Optimism v. Over the last few weeks we have been planning for the worst. Your Plan for Prosperity is about Optimism. and stops you getting side-tracked.
they might employ various search engine optimisation strategies. in order to make money.you just make your boss rich instead! So what business can you run? Having looked a countless numbers of businesses. here are my suggestions. Almost always their goal is to attract people to visit their website where they will. work hard. To do this. however.7 Steps to Freedom by Noel Swanson Step 7 Ultimately. Or they might buy their position through Google Ad-words. Both of these make it ideal for the keen and determined newbie. in order of preference: 1) The internet. People who are selling products or services need customers. In the end there is nothing special about the internet. is that it is so cheap to get started. They can only get customers by getting the word out and telling them about their products. the more money you will make. But what is the truth? Well.com -63- . The beauty about it. radio and TV. the reality is that it is like anything else . Well I had to put this as number 1 didn't I? There is so much hype about the fortunes to be made on the internet. How do they get traffic? Here are some of the many ways (in no particular order): 1) Get listed on the search engines . in turn. if you are to be the one that makes the money from the service you provide. or Overture. But if you get it right. To do this they need to advertise. like newspapers. direct mail. and the greater the number of people. But there are many ways of doing the above. You don’t get rich working for other people . you are going to have to run a business of some sort. The greater the value of that service. and persevere.the majority of websites make no money.and then find a way to be at the top of the list. Except in very rare situations. you can become very wealthy indeed. It is just another medium. you will have to provide a service to people. 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. be induced to buy. through which business can be conducted. and so quick to produce results.
if they then become affiliates themselves. 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. -64- . With my program. or company. and then pay them a commission for each sale.such as my own (click here for more details about my own. service. 3) Send out regular email newsletters to people who have expressed an interest in their product. and certainly the cheapest. Now. you will earn a 40%. you would be wise to invest some money on further training and education. once they have successfully sold to a customer. most will provide regular emails. Here are some ideas to get you started: 1) Join an affiliate program . every time someone buys something as a result. But that is only worth doing. Joining an affiliate program is probably the easiest. there is a host of ways in which you can get involved in the above list . way to start making money on the web. 7) Sell the product by auction using Ebay or similar. Then. Often this is done by giving away free samples or free information (ebooks) and is termed viral marketing. They will normally do this by repeated e-mailings to their client base. Like mine. Better still. if you don't want to waste a lot of time and really want to make the big time. if the web pages get a lot of traffic themselves. 5) Recruit other people to sell on their behalf. you can earn commissions simply by branding this ebook and giving it away free! How hard can that be? And yet. You can get started with absolutely no capital. 6) Encourage word-of-mouth advertising by giving people some inducement to spread the word. if you want to make money from the web. 4) Buy ads in email newsletters that go out to thousands of opt-in or paid subscribers. These sales people are called affiliates or associates.50% commission.either as a seller of a product yourself. they will want to sell to that same customer again and again. But again. free ebooks and other tips and tools to get you up and earning money as quickly as possible. or as someone who provides services or products to assist in the above process.7 Steps to Freedom by Noel Swanson Step 7 2) Buy banner ads on other people's web pages. and some other excellent affiliate programs). for example.
A quick word about advertising: There are three payment models that are commonly used: CPM: this means Cost per Thousand Impressions. However. This is the affiliate model. It can be about anything in the world. full of content. The great thing about Google's ad sense is that the adverts automatically customise -65- . ice skating. etc. Take a look at anonemailer. "Instant Internet Income Streams for Ordinary People" gives the information you need to do this right. the more money you can make by selling advertising on your website. All of these work. Commission: You get paid for each sale. Why not start a newsletter about your hobby or other passion? As you develop a loyal following. But the bottom line is that you need lots of people to show these ads to. the CD series "How to Harvest the Gold from your Mailing List" explains it in even more detail. if you are going to make some money . or the number of people in a mailing list. 3) Develop your own website. 2) Develop your own mailing list of opt-in subscribers. At first sight this appears expensive. this is for building a contentrich site. games. skiing. pets. your advice and recommendations.on football.com for an example of a very simple site that attracts people for the free service.this could be the number of visitors to your site. it is money well spent. plus the fact that they walk you through every step of building a successful content-rich site. and trust. movies.for example.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. How do you build a content-rich site? My recommendation is to go to Site Build It. PPC: Pay per Click . it was these tapes that got me started on my journey to internet profits . Again. or suggest products from which you will earn a commission as an affiliate. In fact. This is the method used by Goodgle Ad-sense. You get paid for the number of times the ad is shown . One with a lot more content is. but clearly have pros and cons.so I can highly recommend them from personal experience! Click here for more info. At this point you can then sell advertising space in your newsletter. But the more visitors you can get. not a mini-site (more on those later). when you work out the cost of all the services they provide. of course.you get paid for everytime someone clicks through on the ad. or better still. Note. by providing some kind of free service. they will start to listen to.so make your site interesting . knitting. that attracts many visitors. and how to avoid the common mistakes people make. And you can get everything in-between . Yahoo. etc.
search engine optimisation.Business to Customer . What are they? Well. But. 5) Not for the faint hearted. Highly recommended! (See how they have been successful in promoting word-of-mouth advertising?) 4) Sell your own product or service. hairspray. One way of using this strategy is to put up hundreds of different mini-sites. I am quoting silly examples. each focussed on one niche product. 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 . B2B . tools. if your morals and ethics permit you. Obviously Money. and online gambling is a close second. and Health are major needs that everyone has. But. But if you had a hundred. There are two other businesses that earn people huge amounts of money. so cannot point you very far in the right direction. yet are rarely talked about in internet marketing circles. however. Sex. a car. Be aware. graphic design.you sell a retail product or service that the ordinary man in the street wants for personal reasons . a boat. Do I hear a shocked intake of breath? Are you astounded that I even dare to mention them? Well. you need some tools. skips. I will be quick to point out that I have no personal experience of either of these. to find a niche that has a desperate need that is currently poorly met. 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. a newsletter. The key to both of these is to find a niche. pornography is the biggest.lest any of the internet gurus start accusing me of libel!).$10 a day. or how to collect bird feathers.it might be a novel. The good news (of course!) is that I have put just such a bundle together for you.you sell component parts. Examples include: accounting services. you would be far better off looking for small niche markets like teaching your parrot to sing. and so there are huge industries trying to exploit these "niches". or how to be a better transvestite. Essentially this falls into two types: B2C . Each site might earn only $5 . how much would that earn you? To do this quickly. autoresponders.g. Have a read of this free ebook for more information about how to find and use niche markets. Even better. services or information to other businesses to help them to succeed. they might be worth your consideration. whatever.Business to Business . I know.7 Steps to Freedom by Noel Swanson Step 7 themselves to the theme of your web site. e. But the point is that there are countless tiny markets waiting to be filled. -66- . etc. pneumatic drills. as a newbie. tools that help automation.
or you will have to spend long hours hunting for it (and remember. especially on the web: Information can be: Free Quick Good but rarely all three. Oh. time is money). There is a very true maxim about information. So be very careful about what you go for. you can fit it around your normal daily schedule. In other words. okay then. It took Frank Garon eight months of hard work and a lot of hours before he was able to quit his full time job. 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. once again. which might cost you $100 . That in itself is a problem as you just don’t know where to start. And do stay on the right side of the law. very.7 Steps to Freedom by Noel Swanson Step 7 that the tactics and methods used to promote these businesses are very. of course!): If it is bad advice. So. different from mainstream marketing. probably most importantly. or sets you off in the wrong direction. How long it takes you depends on your determination. or you will have to pay for it. you will end up spending more and wasting much more time than if you had purchased quality stuff in the first place. then you are probably well advised to buy a full package of advice and tools.$3000. but either it will be of poor quality. If you want good quality information then you will either have to pay for it. Remember also that often the most expensive information is the stuff that comes free (apart from this ebook. How long will it take you until it is paying you a full time wage? Do not expect to be rich overnight. you can quickly find a lot of information. Click here for information on starting an online casino. If you are really serious. so it is ideal for starting alongside your regular day job. 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. than to try to do it on the cheap by -67- . I do have something that could get you started. But that's all I am going to say about it! Starting your own internet business Developing an internet business is very flexible. persistence and.
the Golden Mailbox. Get them. It is not difficult to buy properties for no money down. At an auction you can easily end up paying MORE than the property is worth. and is able and willing to share it. It is a real estate business that uses hamburgers as its tool. or else rent out. how do you get it right in real estate? Do the sums.7 Steps to Freedom by Noel Swanson Step 7 picking up little ebooks here and there for free or $9. for example.99 or whatever. then you might have to pay out money if you want to sell it. has been there. (Actually. This means you can buy them below market value. again. The resources I have recommended above are invaluable. will cost you some pennies. Sooner or later. 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. If you rent out. But be careful. you are going to be involved in real estate deals.g. If it pays less than this. Then you need to either renovate and sell at a profit. Also go and visit Frank Garon and Lee Benson. 2) Investing in real estate. Ideally you want to find properties that are being sold in distress . Auctions are a good place to look. location. The big advantage of Real Estate is the leverage you can achieve very easily through mortgages. is not a hamburger business.e. the NET rent (after all maintenance and management costs) needs to pay more than the cost of a 100% mortgage (this is true even if you are not using a 100% mortgage). so don’t be afraid to buy their expertise. Carry out your due diligence. So if you get it wrong it can be a slow and very painful death. So. where do you start? My recommendation is to go to someone who knows what he is talking about. for example. you don’t need anything else to get going and to become successful) So. the same applies for every other business . So check things out. done it. but once you have it. if you make any money. location. These guys are the very best. Check the location. Obviously this eliminates most of the risk. then you would be better off just investing the money in the bank. that are in an area that is clearly on the way up. -68- . repossessions. McDonald’s. So why not use them to make your millions? Probably more people have made there fortunes from property dealing than any other medium.
Ultimately.e. What is more. But it is not enough if you are about to invest thousands of hard earned dollars. and then calculate your projected profits or losses. Don’t be just optimistic. By working in the field you will rapidly get first hand knowledge of it and get paid at the same time. taxes. So. broker's commission. you have a plan for if it all goes wrong). The average length of a property bull market is 7 years. However. allowance for vacancy rates. Remember luck = opportunity + preparation. Look at lots of properties before committing to buy . First do the preparation.e. renovations. Learn about financing deals. And then they wonder why their "perfect investment" is eating them alive! Clearly. Stay out of a deal until you are confident (i. This one has been going on for 10 years or more. People say that property will always go up. A quick sum on the back of an envelope is fine for deciding whether an investment is worth looking at more carefully. taxation.providing you with a very comfortable passive income. to retire. The best way of all would be to get a job as a real estate agent. if this takes your fancy. perhaps a major one.the buying costs. So do your research and studying now so that you are ready to go when the opportunities strike. local planning permission rules.. you have to do it accurately. A good one will prompt you for all the important figures. Do not try to jump into this as an amateur. this in itself will not be enough.7 Steps to Freedom by Noel Swanson Step 7 Then you repeat the process. Don’t be reckless.it is a great time to be an agent. Also look here for ideas on how to buy with no-moneydown. You have to do your research. Also is is probably not a good time to get on board as an investor. You should do these calculations with your -69- . That will be the time to buy.. not just how to sell to other people!). you are probably going to want to have a portfolio of income producing properties. as more sales means more commission. one absolutely essential tool that you need for this is a Real Estate Profit Calculator. Just one point of warning. how to survey a property for yourself. not now. Start with Robert Allen's book. legal fees. You also need to supplement that with learning about how to invest for yourself (i. A very common mistake that people make is to neglect to include all the incidental expenses involved in an investment . That is not true. At the moment (2004) we are in a property boom. therefore. here are my recommendations: Take the time to learn the business. In the space of two or three years you can easily build up a portfolio of a million pounds worth of properties . and even the selling costs.you need to know how to recognise a good and bad deal The only way you can do this is to crunch the numbers. etc. That means two things . In Japan property prices have gone down by 80%. At some point there will be a correction. landlord-tenant laws.
-70- . Far better than just charging an upfront.the only fee being that they give you referrals and endorsements to their own contacts so that you can build up a client base. you know of an excellent restaurant. As you can see. if you take your lady to a restaurant for a special occasion. how much you hope prices will go up each year) and also your most pessimistic figures (how bad could it get?).7 Steps to Freedom by Noel Swanson Step 7 optimistic figures (e. You will need to be an analytical and creative thinker.g.) Apart from your initial learning costs. (But then that is true of every business. you do a deal with a company that goes like this: "I will give you advice and suggestions on marketing tactics and strategy. and only earn later. your capital requirement for this is very low. Although you can do no-money down deals. Clearly you will have to do some studying first. Don't try to do real estate investing without it. one-off fee. and you would have to protect your interests in setting it up. All I ask is that if I earn for you a $1 that you would not otherwise have earned. I will even design specific campaigns. depending on the size of deals you area wanting to start off with. 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 . for example. so once you know your stuff. However. Then you might have to do some jobs completely free of charge. this proposition carries no risk to the company . realistically you are going to need a bit of capital to get started in this. that you will give back to me just 25c. And you will have to be prepared to work first. and confident at approaching people and selling your proposal to them. I will do all of this entirely at my own expense at no upfront cost. And you also know of an excellent flower shop. Obviously this is a very small example. Similarly. but it demonstrates the principle. Who does this suit? Obviously you have to be the sort of person who can go out there and make it happen. most ordinary companies are absolutely dreadful at marketing. if you can become an expert on marketing. You will have to be confident of what you know. can you make a sensible decision as to whether a particular investment has an attractive risk-reward profile. Only when you have done all of that.and you would receive this percentage year after year. making this kind of money should be easy. Now.yet offers to you enormous leverage if you can get it right. 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 can get your profit calculator from here.
Both have made millions from the business so can.7 Steps to Freedom by Noel Swanson Step 7 How do you get started in this? Send me an email. so there is a huge market offline for the same information that is selling online. i. Why? Because the statistics show that 90% of conventional businesses fail in the first 5 years . and for an internet business. The principles are very easily learnt and. Indeed. alongside your day job. then you can grow it much faster (which is true for pretty well any business). It is not a people business. you need not have any contact with anyone if you so choose.you can get started for under $1000 and build it up from there. 4) Direct Mail and Mail Order My next recommendation is a home based business. It can be started on a shoestring. but if you can put more money into it.bringing your online business to the huge offline market. You can create these: ink and paper. unlike the first business.by that I mean you have to work out for yourself. Who does it suit? Once again. has been used by countless people to haul them out of servitude and into the ranks of the wealthy. So how do you get started? The very best way is to work through The Golden Mailbox by Ted Nicholas and Stuart Goldsmsith. Or you can buy them wholesale. and do. (But then that applies to just about every other business I can think of!) Risk is low . and has low risk. it can very effectively enhance both of these . It is a very easy business to run. and requires no technical ability. this one can work for pretty well anyone. 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. more distant market. -71- . tell you exactly what to do and how to do it. Remember that most people are NOT on the internet.but 90% of home businesses succeed! This business does have a bit higher start up costs than a pure internet business but. Click here for more details. That means you can run it in your spare time. and bringing your offline local business to a much wider. if you follow them then you can achieve your dreams. naturally. until it provides enough for you to retire. allows you to multiply your efforts for maximum profits. and I will point you in the right direction. However. In fact. It is very time efficient and. information are ideal. again. you are pretty much on your own with this one . again.e. It does also require you to come up with some products to sell. as it is all done from a distance. exactly how you are going to run it. The principles and techniques of direct mail are also invaluable for both a conventional offline business. often in a very short time.
and good at motivating people. changed all of that. MLM can bring you a very substantial passive income. And you can grow your team much faster than every before. Works great for the sales agents (that's you) also .7 Steps to Freedom by Noel Swanson Step 7 5) Network Marketing My fifth choice is much maligned.provided you can build a large team. right. And then they reward you for the sales made by the people you recruit . You -72- . is that the majority of people who get into it never make a dime. think again! Network marketing (also known as muli-level marketing. In case you are not familiar with it. as with everything else. The internet has. This is identical to an affiliate program. or a consumable that is used daily . like a subscription. Done. to be honest. Rather than opening up an expensive store. except that it goes several layers deep instead of just two. In pre-internet days.they just pay on results. The business model is very sound. and done diligently. goes not just on selling products. 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 . and your team. There is no question that done right.like soap or vitamins) that it wants to sell. Now. they decide to use sales people who are paid strictly on commission. MLM) has come a long way over the past 30 years. down through many levels (hence MLM).and further on. the reality. 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 emphasis. But still you need to be good at communicating. the concept is simple: The company produces a product (ideally one that has repeat customers. but also on recruiting more people to sell products as part of your team. of course. and you can have hundreds of people out there selling stuff . or selling by direct mail. But they also give these sales people the authority to recruit more sales people. but well established type of home based business Network Marketing. On the other hand. may live in any country around the globe. Now your prospects.and the people they recruit . therefore.
makes half his income from his MLM team. nor do any of them guarantee success (which is why you are still working on your plan for comfort. do not waste time and money fumbling around trying to find a decent program. Want to know how to get started? Whatever you do. you will have saved yourself a lot of time. you may decide that MLM is not for you. Are there other ways of making big money? Of course there are. so you should know about them and consider them. determination and perseverance. Others sprang up last month. that they provide a lot of training and support to help you become successful. Quitters never win and winners never quit. Or.7 Steps to Freedom by Noel Swanson will still need to use the phone. Make sure they have a strong and reliable history. Get hold of the CD set Network Marketing in the Internet Age by Frank Garon who. You don’t have to be a genius. For all of them you will need commitment. right?). a lot of money. perhaps most importantly. Click here for more info. In the meantime. you will experience times of excitement and exhilaration as you see your dreams getting closer. Step 7 Of course there are hundreds of companies that now use MLM as their chief means of marketing. But these five. and a lot of grief. when you wonder if it is ever going to work. Next week we will look at some other ways to make money. Some have been around for decades. Be very careful which programs you join. personally. I believe. Be wise and get the knowledge first. When you embark on them. Either way. Different things suit different people. are the easiest and most reliable for the ordinary person to get into. You just have to want your dreams badly enough. after listening. -73- . Hang in there and just keep working the system. check these five out carefully. frustration and disappointment. My guess is that one or other of these is just what you need. And you will have to love talking to people. Then all you need to add is your own enthusiasm and determination. This will absolutely get you off to the very best start. None of them are a free ticket on the gravy train. You will also have times of deep despair. a great product (that you would use yourself) and.
The only thing that stops you is your fears and your ignorance . Are you an expert at what you do? Have you been working at a high level in a traditional big business .? If so. Mistakes are not bad. He learns from his mistakes.Step 7 cont. The more you develop as a person. The next time he both sees the opportunity AND has the financial intelligence to keep the fortune and even to make it grow. provided you are willing to learn from them. Also. These are either much harder and more risky than my top five. He loses the fortune because he lacks the financial intelligence to safely manage his success. or senior manager. me.and both can be cured! Keep reading. 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. But the key to making big money in this is in the way that you do it. etc. Now. otherwise they would not think of hiring you. nor their better intelligence. or else they require much higher levels of start-up capital or specialist expertise. Consulting. Why does all that happen? He makes his first fortune because he is able to see the opportunities. What you do not want to do is to offer your expertise as a flat fee or a fee per hour.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. Instead. . Keep listening to tapes. But still. After that he then starts a completely different business and becomes a multi-millionaire. So that value -74- .perhaps as a senior technical advisor. you are still limited by the amount of work you. If you do that. then go for them! 1). the more opportunities you will see. Success is 75% in the brain. and only 25% in the vehicle or tool you use to achieve it. and the more you raise your financial IQ. The difference between the rich and the rest is not their special skills.it is the way they think. what about offering yourself on a profit-sharing basis? Your work must be valuable to your client. This week we examine some more ways of making money. Once again. personally. the goal is to leverage your time and expertise so that they work for you. no matter how much you charge. nor luck . you may have thought of this before. your income also stops. and all your friends to become fabulously wealthy. or marketing director. then you might be able to branch out as a freelance consultant. The business then fails and he goes bankrupt. once you stop working.
as you become wealthy. Remember. But the sophisticated investor is making money. it can certainly be the means to maintain and even multiply your wealth. it is unlikely to be the means by which you achieve rapid wealth. The best place to start? Go down to the library and start reading everything you can find about investing and the stock market.then you receive a percentage . To do this you will need some training in marketing yourself. Whatever you do. You will also find invaluable help from the tapes by Nightingale-Conant. or for as long as you can negotiate! To achieve this you will have to position yourself in the market correctly. but I can’t recommend highly enough the seminars and tapes produced by Jay Abraham. But unless you are very clever. 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. Return of investment comes before return on investment! As I have said before.and indeed the average "expert" is losing money. However. as you develop your wealth through other means. That is so important.remember. It is expensive. year. Then start trading with a "virtual portfolio" before you put any real money into it. that ordinary people can use. and in negotiating.as long as you also continue the boring Plan for Comfort. There are systems that work. that is fine . Now. To be consistently profitable.if your consulting brings them no benefit. Whatever you do. In other words you work just like the lawyers do with their contingency fees . Once again.each month. and a system. don't stop doing that! If you choose to take up investing as your Plan for Prosperity. It is very easy to get burnt. you will be developing an investment portfolio. Start to develop your investing knowledge. don’t listen to your stock broker . How? By using different tools such as options and spread betting that allow you to make money whether the market is going up. the key to building wealth is first to not lose it! As Robert Kiyosaki says. down. you need to have a very disciplined system. you could negotiate with them for you to receive an ongoing percentage of either their increased profits or turnover. Over the past 3 years the stock market has been going up and down like a jack-in-the-box. So how do you make money on it? Two things: knowledge. or else decreased expenses for them. risk has to do with ignorance. But you have to stick to them over the long term. or sideways. -75- . we have already talked about using the Stock Market for your Plan for Comfort. I consider the number 1 most essential books to be those by Dr. then they pay nothing. 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. he lost money too! Ultimately. 2) Investing. The average man in the street . or of the amount your expertise is saving them. Either way.
The system now works. using the exact same formula. There are.1 (from last week) you could already be retired by that time! Even then. and limited upside potential (although you can still get pretty rich from some of them). Finally. Headaches with staff and government regulations.7 Steps to Freedom by Noel Swanson Step 7 Alexander Elder. And you won’t make any money for the first 3. You cannot multiply your business . Then you usually have to pay ongoing fees to contribute towards the consolidated advertising budget. two problems: First. Yes.someone has already taken the risk and done the work. But there are much smaller franchises also. Then you roll out that business in multiple locations. 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 . On the positive side. my assessment is: high cost to get into. High capital to get started. you have to pay the franchiser a start up fee in order to learn the system and get on-board. as they have done so in the past. But rather than risking your own money on it. then you are laughing all the way to the bank.but then the whole idea is that you are trusting them to do it right. you rent the system to other businessmen.because they are the ones doing the multiplying. however.they are merely -76- .not to tie yourself down to having to go out there everyday to spray lawns or clean garbage cans! So.even to McDonald's) 5) Traditional Businesses. as all the details have already been worked out for you. Obviously if you can be the originator of a successful franchise chain. This means that there is quite a high barrier to starting up. because it is a low risk way of getting into business . McDonald’s is the example everyone knows about. But is it a good plan for the franchise buyer? Yes and No. Almost certainly long hours. A brilliant concept. First you develop a business that works. you are pretty much guaranteed to make a profit from the business. which is all handled centrally. or the money for the books. then you need to stay well clear of the stock market! 4) Franchises. Be careful with the small ones (like wheelie bin cleaning. If you can't afford the time to study. and all you have to do is copy it. most businesses are not making their owners rich . and still potential for losing everything (it happens . Arrrgh! Don’t even go there! 80% chance of failure and losing all your capital. and lawn maintenance) that you don’t just end up buying yourself a job! The goal is to become free .5 years! With business no. there is a cap on how much you can earn. Get those first.
The good news is that both of those can be fixed! Provided you are prepared to do your homework. Yes you need good products.).7 Steps to Freedom by Noel Swanson Step 7 getting by. these materials (together as a bundle) have to earn you at least 10 times their purchase price. What then? Well. you are not running a mail-order business and you don't know anything about marketing on the internet. I know. The fact is that whether or not you end up using "pure" mail-order. and turn your traditional business into your retirement cash cow. Do you think he is getting rich running that??? Think of all the overheads he is paying. they will work whatever country you are in. Okay. and then sell it. And I don't mean go and spend a bundle on some radio ads or newspaper displays that earn you nothing. I will refund you your entire purchase price without any quibbles or hassle. of course. not yet anyway. maybe you are already in a traditional business. How do you build it up? Ah! Now there is the rub! Well. That's right. Use what you have learned from them for a full year. Go see your accountant and plug all the holes through which your money is leaking out. you are not fully convinced that will have paid for themselves 10-times over. Yes you need good customer service. But you can have all of those and still go broke? Why? Almost always because of either poor marketing. In fact. Then start to learn about advertising. -77- . For that reason I would suggest you take some money out of your next advertising budget. and buy both of these resources instead: a) The Golden Mailbox and. guess what? Almost certainly the key is going to be the marketing. b) How to Promote Your Offline Business Online I know. or poor cash-flow management. You are going to have to do something a bit different if you are going to stand out from the crowd. Well. Take a look at the owner of your local high street store (non-franchise). by the end of that time (or at anytime before then). Go get them now. or I will refund the entire cost. The first place to start is with the financial management. I am so convinced of this that I want you to order both these materials right now (click here to get them together as a bundle for a special price . or the internet. how is this for a plan: Build it up as quickly as you can to a highly profitable level.and yes. what you will learn about marketing from these materials and their bonuses will be invaluable for your offline. traditional business. If.
You get a good sized commission cheque up front. or that will reward you in proportion to your success. And learn about doing Joint Venture and percentage deals . music. Some people are born salesmen. i. 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 .don't work for a one-off commission work for a piece of the action that will continue to pay you year after year. if you have already written what should be a best-seller. Much has to do with who you know. but most will fall into the above categories. Keep working the system until it works for you. In this case it is about selling things that produce a long term residual income. You can't do them all. be focussed. And again. His first novel sold 5000 copies. year after year you get a smaller cheque each time the client renews.7 Steps to Freedom by Noel Swanson Step 7 6) Creative Arts . once again. Invest in your financial education. Work hard in the early years to develop a large client base. If that is you. Later on. The key. His second became a bestseller.even if only for a day! Click here for the low down! 7) Sales. why did it make it the second time? It takes persistence to write a second one when your first one made no money. -78- . do your art as a hobbie until it starts to pay off! Finally. they re-issued the first novel. and get out there and strut your stuff. So what was the difference? Why did it only sell 5000 the first time and yet so many the second? If it was that good. why did it not make it the first time? Or if it was that mediocre. then you can use your talent to set you free. If you have a genius talent at something. Take John Grisham as an example. is about leveraging your time. But remember the odds are stacked against you there are countless thousands of highly talented people who never get discovered. But only try it if you are a genius at selling. Choose one (or maybe more). Find a brilliant agent and marketing manager. You sell one policy. The classic example of this is life insurance. acting. And then. and with luck ( dare I say that word?) and timing.writing. This time it sold hundreds of thousands. not your time. then by all means exploit it. developing your mind and your skills will be crucial. and you can continue to receive these cheques for many years to come. Above all. And stick to it. Would he then have written a third? Would that one have been discovered? If you follow this path. Right. His second could just as easily have flopped again.e. There are as many ways to make money as there are people. sports. that’s about it. Study and learn. Read all you can. please make sure that you also are developing your plan for comfort and maybe even another business (such as business # 1). But once again you have to do it right. Learn all you can about marketing.
you can either keep working the 40-40 plan . Or you can work your own plan .probably for only a few years . Remember . -79- . and at the same time you are increasing your knowledge about the market as well as meeting the right contacts.and then be FREE. For example. But even here you can be smart. is yours.then why not get a job as a real estate agent? That way you earn money today. The choice.40 hours a week for 40 years to make someone else rich. as they say.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 .
So where do you go from here? Well. Dad." In fact. At the time you probably thought "Oh. employee. about possibility thinking. Poor.Step 8 . about daring to believe. like The Midas Method. your Plan for Comfort -80- . Inner Circle.I hope that it is all making more sense to you. the explorers. to keep you on track. Of course you and I know that it is just the start. After that you maybe had further education or vocational training. teaching you how to be a good employee. of course. not the finish. many of them spend literally tens of thousands of dollars doing so. the athletes. We have gone full circle. I’ve heard all this before. yeah.evidence that you are not content to stay as an ordinary Joe. Remember. Ask the businessmen. At the beginning I was talking about dreams and goals. So now..in whatever field of endeavour they are in. and you probably did not buy any of them . We have covered an awful lot of stuff over the past few months. That you have made it to here does. You see. guess what? You need to WRITE DOWN YOUR PLAN. In every case. and Rich. why you are poor and they are rich! But you have stuck with me this far . mindset! Everyone who is wealthy says "Read the books. listen to the tapes. So the end really is the beginning. knew better than them! Which is. also teaching you how to be a good employee. This is attested to by everyone who is a self-made success . in your daily-grind job.The end is the beginning S o. the key to wealth is not what you do. But what has this to do with me becoming free?" I also recommended some reading. show that you have got what it takes to make it big. the artists. At school you had 12 years of indoctrination. They certainly transformed my thinking! Now that we have been through a bit together . Dad. the inventors.and if you have genuinely done the exercises you will have done some hard work . it is how you think. After all that brainwashing it is going to take a bit of time to get your head straight. Yet you. change the way you think. I recommended them because I think they are the best.. the edge that separates the best from the rest is their mindset. indeed. 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?". we have reached "the end". you need to write down what your three plans are: your Plan for Security.
regularly read Property Auction News. Then the second part will be the more general strategy. or opening an investment account. Strand 3 .open up account.like making an appointment with your independent financial advisor. You might categorise this into categories or strands: e.Real Estate goal . on a piece of paper that you can keep going back to. subscribe to auction house mailing lists.to buy one property every 4 months activities . along with this book. -81- . 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. the daily.long term build up of capital activity . attend one business training seminar.invest $100 pm into investment account using O'Shaughnessy’s strategy to-do . research shares using his system.Education read 2 books a month.Investment goal . or writing your will. go and look at 3 properties per week. There will be two parts to each of the three plans .7 Steps to Freedom by Noel Swanson and your Plan for Prosperity. Things that you need to do in order to set the plan up .first will be your to-do list.Business Develop mail order business using strategy described in The Golden Mailbox Strand 4 . Strand 1 . Step 8 I mean actually write down. listen to 4 tapes. Strand 2 .g.
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. You need a combination .. then I can pass them on to others. you will have an excellent opportunity for promoting that business further (see below).become the best. In this way we can help each other. you will still learn something from each and every one. 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. I am hoping that you have found this FREE course to be of value to you. and send it back to me. encouragement and also some recommendations for further learning and training. then doing the questionnaire will be a way of saying thanks. if you know of any good resources or links. or that provides me with the learning opportunity I need (e. get yourself into a programme of regularly listening to those tapes and reading the books. fill in the gaps. Notice Strand 4. if you are running an internet business.g. educational material about the specific business you are in.. Similarly. Whatever business you have chosen . If so.7 Steps to Freedom by Noel Swanson Strand 5 . Through my newsletter I will continue to provide you with motivation. tips. They are hardly uplifting! Instead. No. Why do I want the info? So that I can fine tune this 7 part course and make it even better for future subscribers. I would also really like some feedback. So turn off the TV and radio and stop reading the comics (that's what I call the newspapers). If you have not enjoyed the course. real estate agent) Step 8 And so on. Why will you fill it in? Well. and also more technical.Job look for a job that frees up more time. At then end of this email you will find a short questionnaire. Also. Buy them. If you have some favourite books that you recommend. then I hope you will be good enough to give me your constructive suggestions on how I can improve it for others. Please would you click on your "reply" button.some general motivational stuff to help you to keep going even when it gets tough. -82- . then please let me know so that I can pass that recommendation on to others. please tell me. But even if they are not.
As I said. Thank you for your feedback! Keep working your plan.. right now. S. if you have any products that you would like to offer to others through the newsletter. Would you please take a moment. my goal is to help you to achieve success . as well as financial. the Inner Circle testimonials). Remember.7 Steps to Freedom by Noel Swanson Step 8 This is the end of the 7 Steps to Freedom. 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. Your friend. personal. These may range more widely over other issues such as home life.Joint venturing is always the way forward! So. Never.in all areas of your life! If you have any topics or questions you want covered. links to useful sites.com and tell me what you think. to give me some feedback. if I publish it on my website (see. cash generator. in return. Now. I have given you a lot of valuable free information. Just send me an email at noel@7stepstofreedom. -83- .. then please get in touch. remember what Sir Winston Churchill said: "Never give up. Never. Depending what it is we may be able to work out some kind of deal! . I am asking you to do one simple thing for me. 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 give up. Also. I will be in touch from time to time with recommendations on reading materials. then please tell me . including internet marketing." Okay. Never. But I hope it is not the end of our association. and special offers on my own and other people’s products. for example. Noel Swanson P.perhaps we can start a bit of a dialogue through the newsletter. 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.
Open the 7steps. Once you're finished entering your details.com/x.zip file. Either way. Write it down! At this point you have two options. since it will be called "7stepsbrandable.comEnter your email address as you want it to appear on the front cover 5. I will even introduce you to some other well respected and high-paying affiliate programs. you will emailed your unique 4-digit affiliate code. 4. The Brander will then come up with some codes and ask you for input as follows: 5134 Enter your 7 Steps to Freedom 4-digit affiliate code Illya Mahatma Enter your name as you want it to appear on the front cover www. asking you to automatically save the PDF under -84- .com Enter your full website address WITHOUT the http:// eidetika@yahoo. You can either brand this book.php?adminid=483&id=XXXX where XXXX is. Run this program. PDFbrand. 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. if at any time in the next year they buy anything from any of my many websites. and pass it out to your friends by email or on disk. and drag-and-drop the PDF book into it.) You will know if you have. and when you do you will receive a free mini-course teaching you exactly how to make money as an affiliate. Or you can simply tell your friends about the book and point them to my website. Click here to download your brandable version of this ebook (if you have not already done so. and sign up to my affiliate program. It's that easy. click the "Brand!" button. Click here. The brander will then come up with a dialog box.exe. you will earn a commission. of course. 3. and you will find the branding tool.pdf". It is absolutely free.How to Make Money from this Ebook 1. What's even better is that when they then sign up as affiliates. To brand your own copy of this ebook 2.7stepstofreedom. replaced by your 4-digit affiliate code. When you sign up.
any spamming and you will be fed to the wolves! -85- . Click 'OK' to automatically save the PDF. 'Cancel' if you want to save it under a different name or in a different location.the more you give it away. don't hesitate to email me at email@example.com' in the same location as the original file. But remember .com Step 8 6.7 Steps to Freedom by Noel Swanson the name '7steps_branded. Start giving away the book to your hearts content . If you have any questions. the more money you could make.
remember. Noel Swanson noel@noelswanson. 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. great wisdom (!?). and/or if you have a thumbnail photo of yourself that I can use.In addition to valuable tips. it all helps in promoting your own website! I look forward to hearing from you. If you would also like me to quote your website URL..7stepstofreedom. stories and suggestions. you will also receive frequent free gifts and some very special offers. successes.html and sign up . So. I would also cite your name and general location (e. Normally. Naturally you can unsubscribe at any time. I wish you every success. Yours warmly.com/index.. Did you sign up for my FREE newsletter? If you were given this ebook by a friend you are probably missing half of the benefit! Take yourself over to www.Have you enjoyed this book? Did you find it useful? Would you recommend it to a friend? I would love to hear your experiences. town).g. please do attach that as well ./?:'@~~\=+ -86- . In the meantime. and the odd bit of rambling or ranting. ABCEDEFGHIJKLMNOPQRSTUVWXYZabcedefghijklmnopqrstuvwxyz1234567890! "£$%^&*()-_. unless you specify otherwise.com +44 (0) 1329 513296 (UK time zone) P. 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.S. I shall assume that you are happy for your comments to be printed or quoted on my website.
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