This is how Keith spent his 50th Birthday. Climbing Cradle mountain in Tasmania. The climb took approximantley 7 hours. We had both rain and snow during the climb but we keep going until we reached the top.
The once was a man who lived by the side of the road and sold hot dogs. In fact, he sold very good hot dogs.
He put up highway signs telling people how good his hot dogs tasted. He stood by the side of the road and called out, “Buy a hot dog, mister?”
And people bought his hot dogs. They bought so many hot dogs, the man increased his meat and bun orders.
He bought a bigger stove so he could meet his customers’ demands. And finally, he bought his son home from college to help out in the family business.
But something happened. His son said, “Father, do you not watch television, or read the newspapers? Do you not know we are heading for recession? The European situation is unstable, and the domestic economy is getting worse.”
And the father though, “My son is a smart boy. He has been to college. He ought to know what he is talking about.”
So the man cut down his meat and bun orders, took down his highway signs, and no longer stood by the side of the road to sell his hot dogs.
His sales fell fast overnight. “You’re right son,” said the father, “We certainly are in a serious recession.”
Soure: “What I Didn’t Learn At School But Wish I Had” - available for free from http://learntoberich.com.au/free_products/free_ebooks.php
What I learn’t from this story is you should not always listen to your friends and family if you are trying something different. Just because you think somone is well educated and smart doesn’t mean they know what they are talking about. All your decisions should be based on doing research and investigating all possible outcomes. Looking at the facts of the situation and not make a decision based on emotion is the best way to decide what you should do. This story is based in USA and the European market was the one in recession, not the US market. The father thought his son was right as he stopped all his marketing efforts and his sales declined.
1. Select properties within the $250,000 - $500,000 price range. Properties priced below $250,000 will, either be too small or not have the desired quality finishes or not be in the best area possible.
2. Select properties in sought after ‘lifestyle locations’ that will attract consistent rental demand by quality tenants.
3. Select properties in areas within 15kms of the CBD but not the CBD or some fringe areas.
4. Select properties within suburbs and streets where limited land is available.
5. Select properties in suburbs with proven capital growth over the past five years.
6. Select property close to water, e.g. beaches, oceans and rivers.
7. Select properties in suburbs that have high rental demand.
8. Select properties that have affluent tenants with high disposable income
9. Select properties that are located close to public transport
10. Select properties that are in demand for corporate clients
11. Select properties close to educational facilities, universities, major public and private schools
12. Select properties close to major sporting, dining and entertainment precincts
13. Select properties that have land content
14. Select town house style properties
15. Select properties that offer high depreciation and taxation benefits
16. Select properties with projects whose income potential is not base on the ‘short term’ or ‘holiday letting’
17. Select properties that are located within smaller low rise ‘boutique’ style properties
18. Selecting a property where the price of the property offers at least a 4% gross rental return based on the ‘long – term’ rental guarantee the real estate agent is prepared to provide.
19. Select properties within projects that are guaranteed to be built and completed.
20. Don’t purchase off the plan property that is being sold ‘subject to permit’
21. Select properties which have 3 or more bedrooms to increase rental income.
Soure: “What I Didn’t Learn At School But Wish I Had” Ebook - available from www.LearnToBeRich.com.au/free_products/free_ebooks.php
To read the full set of 21 point checklist please visit http://learntoberich.com.au/free_products/free_ebooks.php and down load the ebook.
The first thing you need to do to rewire your subconscious for wealth creation is to answer a few simple questions about financial pressure.
1. When was the last time you felt financial pressure?
2. Do you currently feel financial pressure in your life?
3. Does having more money really create less financial pressure?
4. When have you felt completely free from financial pressure?
Apart from happiness what do you think people really want in their life? In my view the answer is security.
Would you say that people mainly link pleasure or pain to money? From surveys that have been conducted in Australia, university studies have determined that many people actually link more pain then pleasure to money.
Most of us will do more to avoid pain then we will to gain pleasure. This is important because consciously if we link pleasure to money and get excited about money and start doing things to be financially successful, we will start to move forward.
Society conditions us to be self sabotaging. We don’t base our decisions on logic we base our decisions on emotions. Subconsciously large proportions of us have a negative attitude to money. We have all heard the saying “money doesn’t grow on trees”, “filthy rich”, “stinking rich” are all negative saying against money. Being told “we can’t afford it” as a child or having parents that had to go away to work have given many people negative subconscious thoughts about money.
To find out how you can rewire your subconscious visit http://learntoberich.com.au/free_products/free_ebooks.php and down load the free ebook What I Didn’t Learn At School But Wish I Had”
Here are some very interesting statics per 100 Australian’s by the age of 65.
Did you know:
25 are dead
20 have annual incomes of under $10,000 (that’s below our poverty level)
51 have annual incomes of between $10,000 and $35,000 (median is $18,000)
4 have annual incomes of over $35,000
Yet 1 in every 100 is a MILLIONAIRE
“What I Didn’t Learn At School But Wish I Had” - Jamie McIntyre
Today’s average 50 year old has only $2,300 saved towards their retirement. J. Urcivoli, Sr VP Merrill Lynch
Only 5% of the population can put their hands on $10,000 when they are aged 65. When social security was started there were 16 people working for every one person on the program.
Today the ratio is 3:1
In the next 12 years it is projected to be 1:1
Source: “The Millionaire Next Door”
For more information vist www.LearnToBeRich.com.au
For more information visit www.LearnToBeRich.com.au
For more information please visit www.LearnToBeRich.com.au
This is the intruduction for the interview with Jamie McIntyre on the Sky New channell. Stay tuned as we will have the full interview added. For more information visit www.LearnToBeRich.com.au
