Female Friendly Investment Strategies: Debbie Williams Property Diva
The age old debate as to whether the stock market or investing in property returns the better yield is better answered by asking the personal question: What is your individual appetite for risk?
Women are generally perceived to be more conservative in their investment strategies and there is an element of truth in this observation.
The emergence of a generation of single women in full time employment, and their new found financial freedom and independence means that investment decisions are now wholly and solely within their sphere of control.
Unlike their male counterparts they have only just become aware that they are now in the position to invest and with that plan for a very comfortable self funded retirement.
Faced with an often confusing number of choices, the only way to know if the property or the share market suits you is to be actively involved.
Do not let fear of making a mistake stop you from taking action, because that is the only way you will learn, grasshopper.
So, let me introduce you to Debbie Williams.
If her story does not inspire you to do something for yourself, then we are all doomed!
Click here Interview with Debbie Williams (unlinked)
Debbie Williams’ amazing trajectory to becoming a millionaire property investor began not as a person with a truckload of cash but as a 15 year old homeless youth.
From being a self-confessed dissatisfied person, Debbie found that her knack for property investing dramatically improved her self-esteem and lifestyle. The momentum from her first renovation that netted $30, 000 has seen her recently create a cool $1 million in equity in 12 months.
The experience of being disenfranchised and dispossessed became the impetus for Debbie to carve out a better future for herself. Today she helps local homeless people with their accommodation needs.
Her advice includes, “Be comfortable with being uncomfortable”. She talks about feeling the fear but taking action. “Attending property investment courses are only half of the equation, implementing the steps learned has made all the difference in my life”.
She is living proof that even in this current economic climate of gloom and doom, there are profits to be made. “It is all in how you look at it”, she states. “Your attitude is very important, and surround yourself with a good team of people”. “Finally, celebrate your wins, no matter how small they seem at the time”.
Find Debbie at
http://www.savvypropertypeople.com.au
Matt and Amanda Clarkson Interview: eBay and Wealth Creation
Christmas is a wonderful time of coming together to share a special meal and re connect with other family members.
At one time or another we all have been at the receiving end of a Christmas present that has not rocked our world.
So hands up anybody who has had the idea of hocking off that gift on eBay.
I talked to an Australian couple Matt and Amanda Clarkson, who found eBay to be their ticket to financial freedom.
Matt and Amanda Clarkson eBay Magic
Matt and Amanda Clarkson Interview You can download the mp3 recording and pdf transcript of this interview by going to http://yourmoneyandyourmindset.com/online-store/
The story of their journey may just be what you need to take inspired action towards a new beginning for yourself.
Matt and Amanda both left school at 16, he to become a carpenter and she working through 33 jobs and 11 businesses over the last 20 years.
They knew that working for “the man” or being a sole operator was limiting their dream of becoming financially independent. In 2006, the internet was where they found the clue that became their golden key to freedom.
In this interview they speak frankly of their learning experiences during this process including Amanda’s honest and candid admission that she was not introduced to her first PC until she was a young forty year old.
Matt is a bestselling author and international expert in Internet Marketing and in particular eBay business development. Amanda’s eBay business, which she started with a credit card in Feb 2006 was a run away success and is still forging ahead to this day.
Now, they show everyday people how to become cash and time rich with eBay through their simple, and inspiring eBay education courses through their multi national company Bidding Buzz.
The passion and vision of these two heart centered entrepreneurs is to help as many people as possible live life on their own terms instead of someone else’s through The Magic Of Making Money On eBay.
Andrew and Daryl Grant Interview: How a simple mindset shift made this Australian couple millionaires
I had the pleasure of interviewing Andrew and Daryl Grant and hearing how by changing the way they thought, changed their future.
Andrew and Daryl Grant Interview You can download the mp3 recording and pdf transcript of this interview by going to http://yourmoneyandyourmindset.com/online-store/
Like so many of us, Andrew and Daryl had been trading their time for money.
As successful as they were in their financial planning business, they realized that their income was dependent on their active involvement in their jobs.
Time spent in their business meant time away from family, a situation they found unacceptable.
This “can do” duo then went about investigating various means of generating passive income and finally came upon the power of the internet.
Andrew and Daryl achieved their goal of becoming financially independent six months shy of their 5 year target.
All this from two people who cheerfully admit to knowing very little about building websites, writing code etc.
In this interview they speak honestly and candidly of how they overcame some of their limiting sub conscious beliefs that had stymied their efforts in the four years leading up to their goal deadline.
Andrew and Daryl have generously made available a free audio recording on overcoming subconscious blockages.
Click on the link below to get your free copy:
Owning Up and Learning from My Mistakes
Our education system does not encourage us to admit our errors and effectively punishes us when we get it wrong.
This is reinforced by the assessment strategy of grading us down in tests and formal examinations when we do not produce the “right’ answers.
The system is designed to turn out cookie cutter lookalikes with not a whit of individuality.
It stymies creativity, inventiveness and discourages exploration; in effect we get a slap on the wrist every time we colour outside the lines.
So does the title of this article stir up a bit of discomfort?
I certainly hope so, only because I want you to challenge conventional thinking and behaviour.
What if, for a change, we celebrated instead of shaming kids in grade school for giving the incorrect answer?
Rather than making them feel like a failure we gave them elephant stamps and gold stars for having a go, for attempting an answer.
Brian Tracy, one of my favourite motivational speakers and amazing business coach said it best:
Learning from your mistakes is an essential skill that enables you to develop the resilience to be a master of change rather than a victim of change.
The person who recognizes that he has made a mistake and changes direction the fastest is the one who will win in an age of increasing information, technology and competition.
By remaining fast on your feet, you will be able to out-play and out-position your competition.
You will become a creator of circumstances rather than a creature of circumstances.
In other words: Adaptability is the name of the game.
In every episode of Star Trek Dr Spock may have said, “Live long and prosper”, but Dr Tan says “Live smart and prosper”.
So, the faster you fail, the quicker you get to your goals.
You might as well get through it sooner than later because that lets you gain momentum as you hurtle towards success.
Yours in health, wealth and happiness
10 Tips to Staying Motivated: Especially When You Don’t Feel Like It
Motivation is like a shower, you need one everyday-Zig Zaglar
Firstly it would be unrealistic to feel pumped all the time, so don’t be hard on yourself if you have the odd day when you feel really flat. Here are 10 suggestions to get you to re focus. Go get ‘em!
An update to this post: I have included an mp3 recording
Click here to listen:Audio recording of 10 Tips to Staying Motivated
1. Remind yourself again what it is that you are striving to achieve.
• Is it a physical fitness goal of wanting to run a personal best in the Boston marathon or being financially independent in 5 years
• Either way, are your goals written down for you to review and read as often as it is necessary
2. Portion control
• You can eat an entire elephant by yourself if it is only one bite at a time. So chunk it down to manageable portions that are achievable in days and weeks rather than months and years!
3. Do a stock take of where you were 3, 6 and 12 months ago relative to where you are now
• Celebrate your wins, no matter how small. It’s a win, don’t get too precious about it
• Keep a journal and record your progress. You will be surprised at how far you have come
4. Practise mental rehearsal of having reached your goal
• Make it as real as possible by imagining what you are wearing, who is with you, whereabouts is this taking place, does it have a particular smell. Above all, tap into the feeling of having aced the goal and remind yourself of that winning feeling by clicking your finger 3 times in succession.
• Do this daily even when you don’t feel like it, especially when you don’t feel like it
5. What are you eating, when do you exercise
• Remember the old computer programming term GIGO (Garbage In Garbage Out). If you are fuelling your body with junk food, you will not have the energy and stamina to get to your goals. This is a non negotiable fact of getting where you want to go and what you want from life
• Yes, your body is a temple. Worship it with fresh food, vegetables, and lots of water. Ditch the refined carbs and trans fats, they clog your arteries and reduces blood and oxygen flow to your brain. Lord knows you need all your neurons to fire if you want to be able to think clearly.
• Physical fitness is not an option. Again it is one of those things you just do to stay alert and healthy to be able to enjoy your successes when they come. Being in an iron lung and a millionaire is kind of bittersweet
6. Oh brother where art thou; who do you hanging out with
• Are these people supportive or do they make it a sport of taking potshots at your dreams and goals; if they are in the latter category, say bye-bye and leave them to wallow in their own pity party
• Create a mastermind support group. These are people on the same wavelength who will not ridicule your goals, dreams and aspirations but instead cheer you on. You can learn from them and vice versa
• If this type of support is thin on the ground, consider hiring a business/life/fitness coach to keep you accountable. Yes, it costs money so think of it as an investment in yourself. “You’re worth it” as the Revlon ad goes.
7. What are you reading, watching on television
• I am a big fan of reading motivational books by Jim Rohn, T Harv Eker, Bob Proctor and the cool thing is that there are lots of free mp3 downloads you can listen to in your car or as I like to call it “your university on wheels”.
• Stop watching the news. If it is really important, somebody will tell you. Notice how television only reports bad news; that is because bad news sells.
8. When do you stay still-meditate daily
• This is about staying healthy on the inside
• Often the solutions to business problems or obstacles at work are found when we shut up and stay still long enough for our sub conscious to present us with an answer.
• Don’t be skeptical if you haven’t tried it for at least a month
9. When did you last do a budget and track your expenditure and earnings
• It is vital not to shy away from tracking your finances. How then will you know that you have made progress in putting aside money for investments and passive income building? Answer me that?
10. Get in sync with your internal clock
• If you are a night owl and your best ideas come to mind after 10pm, ask yourself why are you flogging your body to be up at 5am to be inspired and creative on your projects. It does not make sense, so stop it!
Yours in health, wealth and happiness
What Does It Mean To Be Wealthy
With respect to the above, I am reminded of a television advert some years ago aimed at selling a well loved Australian brand of chocolate biscuits. These were not just any choc biscuits, they were Tim Tams! They were made with a choc filling and each biscuits was then dipped and coated in more chocolate. You get the picture.
Anyway, the scene is set where a young man strolling on a beach on a hot summers day finds a bottle on the beach. When he unscrews the cap, a genie pops out and offers him his one wish. He says to the genie, “I want to be cool and I want to be rich”. So, the genie obliges by turning him into a packet of Tim Tams and sticks that in the fridge.
The advert finishes with a couple of attractive girls opening the fridge and are pleased to find the nice cool and rich Tim Tams as their afternoon snack. Win, win I think.
The point of this story is to draw your attention to the fact that if you cannot succinctly define what it means to be wealthy you may find it a bit of a struggle to become wealthy.
I have expanded on what I mean here: What does it mean to be wealthy Lorwai TAN recording
In essence there are two aspects to consider; firstly the tangible or material wealth. Secondly, and equally important is the intangible, and it encompasses qualities such as good health, happy and fulfilling relationships with most importantly being at peace with yourself.
The dictionary defines (material) wealth as “an abundance of valuable material possessions or resources”. These resources allow you to be financially free which means you are able to live a lifestyle of your desire without having to work or rely on someone else.
To determine if you have an abundance of valuable material possessions, follow this simple exercise. Take a piece of blank paper and draw a line down the middle. Heading one column, write “assets” and the other “liabilities”. This is the quickest way to determine your nett worth. It is basically what you own (free hold) minus what you owe ie how much of that is tied to loan repayments (debt). Hopefully you come out with a positive (in the black) rather than a negative (in the red) number.
So the name of the game is to increase your nett worth. And surprisingly one of the habits you want to cultivate is that of being able to receive with thanks and gratitude the good that comes your way. This may include the odd compliment! Learn to be an excellent receiver and do not deflect or downplay its value.
Remember the Universe is there to do your bidding so if you want material gain, don’t keep turning down the good things that come your way. The Universe will do as instructed!
If goal setting is so easy, why doesn’t everyone do it?
I will preface this by saying that we like to consider ourselves as rational and logical human beings. As long as we do not acknowledge, accept and embrace our subconscious we will continually be perplexed and frustrated by our efforts at setting and then failing to achieve our goals.
A good analogy is likening our conscious (logical mind) to the visible part of an iceberg. This is the 1/10th of the entire structure that we see floating in the ocean. The other 9/10th that is submerged is basically the all powerful subconscious mind with its many programs that run us.
One such powerful program that stops us from setting goals is the fear of failure. Fundamentally the fear of failure can be summed up as the fear that other people will discover that we are inadequate and therefore undeserving of acceptance, respect and ultimately love and affection. Ouch!
That of course, is untrue but the faulty programming for this erroneous core belief was installed when we were young, innocent and impressionable.
The good news is that we do not have to labor under the weight of these non serving core beliefs if we choose not to.
How?
Click on the link below to listen to this podcast and start making a change for the better today.
Goal setting and the fear of failure
Women Executives: Leadership Role Models (Part 1)
If you think 21st century women have it made as top flight executives, Chief Executive Officers and the ultimate holy grail of governance as Chairman of the Board of a multi national corporation, think again.
Male captains of industry have been fortunate to have so many outstanding male examples to model as they ascend the corporate ladder. In fact there is an embarrassment of riches with regards to asking and getting a strong and positive mentor to help them grow and develop into the top job.
The same cannot be said for females. Women executives in leadership positions are few and far in between according to some statistics I uncovered.
A 2008 Australian Census of Women in Leadership published by the Equal Opportunity for Women in the Workplace Agency found that the number of women on boards and executive management of Australia’s top 200 ASX (Australian Stock Exchange) companies could be counted on fingers on one hand (with one digit to spare).
The percentage of women as Chairman and CEOs were 4 of 200 (2.0%) in each category; board of directors numbered 125 of 1504 (8.3%).
There was no female on the board of directors in 51 % of these ASX 200 listed companies.
Because we see more women in business suits today (than say in the 1950s) there is an assumption that they must occupy executive management positions. The reality is that there are more women in middle management positions in human resources, finance, medical and health administration, and real estate and property businesses today than any other time.
However, at the pointy end i.e., top management where the real game is played, women are under represented.
In 2010, only 2.8 percent of Fortune 500 chief executives were female.
I believe that sisters need to do it for themselves.
Specifically they need strong, smart and compassionate female role models to help them navigate their way through the management maze.
How will they do this? I will discuss some strategies in my next post.
Yours in health, wealth and happiness
Book Review-7 Strategies for Wealth and Happiness
A timeless classic by Jim Rohn a motivator extraordinaire, that is written in an easy reading style for anyone who has had enough of being average (read beige) and wants a better life.
This includes health, material success and most importantly a deeply satisfying sense of contentment.
Click here to listen Book Review-7 Strategies for Wealth and Happiness
or read on
Jim Rohn’s own journey started when at the age of 25 he met his mentor Earl Schoaff who asked him the uncomfortable question of where his life was headed.
To his credit, Rohn replied with an honest “No where” and that was the start of the years of learning everything he could from his mentor.
He has distilled his years of experience into the seven strategies of goal setting, being a sponge and soaking it up, having the determination to change and forming new habits, staying on top of your spending, making time a priority, seeking out like minded associates and learning the art of living well.
These strategies if faithfully applied are your keys to a magnificent life.
Entrepreneurial Spirit of Me Inc
We are AGAINST scarcity that says that everything you receive was forcibly taken from somebody else.
Entrepreneurship is about making new pies, not dividing up old ones. Perry Marshall
I took this quote out of Perry Marshall’s newsletter.
Many of you know him as the man who figured out Google Adwords.
There is a common but erroneous belief that for you to profit in a business deal, there must be a poor sucker elsewhere who loses his shirt.
Somehow we feel that we have to hold our breath whilst divvying up the pie lest we accidentally inhale the tiny slice that is our portion.
Would it not be easier, like the man says to make a new pie?
Now, there’s a thought.
We live in the best of times, in this century where so many opportunities abound.
Most of us live in democracies that give us the freedom to choose businesses and enterprises that were not available before the advent of the phenomenon known as the internet.
The magic word is abundance as opposed to scarcity or more specifically the “scarcity mentality”.
I use this term used to denote someone who sees the hole instead of the donut.
Abundance has the connotation of being expansive, generous and giving.
I don’t know about you but I like to think that my business offers something valuable to my clients, a product or service that will improve the quality of their lives.
When I think along those lines, I am making a new pie and certainly no one has lost their shirt over this deal.
No one was ripped off, and there was no driving of a hard bargain that resulted in a winner and a loser.
We both won.
Yours in wealth, health and happiness