Frustration Can Be Your Guide

In our quest for creating wealth, there comes times when we become frustrated that we are not getting anywhere towards our goals. This frustration is actually a good sign, and today I want to discuss why that is so.

Making money is simple, yet not easy. What I mean by this is that there are some amazing wealth creation strategies out there, yet we as individuals are the ones that complicate them due to our various mindsets, and of course our own personal circumstances at the time.

Something that I see often, is someone who has learned some fantastic Stock Market or Property Investing Strategy, and due to them not being able to access the money right now to take advantage of this opportunity, they get frustrated and tell themselves that they can not do it.

Now this is not the correct way of thinking if we are ever to create wealth. Some people want to wait until they have $100,000 before they want to invest in a simple Share Renting strategy that will make them about 3% per month, most months of the year. That gives them about $3000 per month income. Many people don’t have access to $100,000, yet they may have access to $10,000. This could now be making you $300 per month, although I hear a lot that many people will not do it because they don’t see $300 as worth it as that will not make them wealthy.

Well if you are making $300 per month, every month, do you not think that you are now a real investor? Are you not getting the same real life experience as someone who is trading $100,000 or even $1,000,000? You are, everything is exactly the same, including the % profit of 3% you are making. So how come you are still waiting and being frustrated?

When you find yourself frustrated with your new found wealth education, then take action and do what you have learnt. Frustration is great, as it means your level of knowledge has grown and you are searching for a way to implement it.

Passive Or Residual Income Is The Way To Wealth

You may have heard the term residual or passive income being thrown around at times, and it is the key for wealth amongst the MLM members out there. Today, I want to discuss how you can make this passive income, without being a part of MLM and downlines and uplines. No offense to the MLM crowd, it’s just not for me.

First, let’s define what passive income is. In essence, it is doing a job once, and getting paid over and over again for some times, many years. That, is a wonderful thing indeed, and if you have enough streams of passive income, then you will become very wealthy.

Residual income can come to you through many ways, and with the introduction of the Internet, it is even easier to make a substantial living by this method.

To begin to do this however, can sometimes take a dramatic mindset shift, as most of us have been conditioned to swap an hour of our time, for a certain amount of money, or a salary. Putting a system in place once, to continually earn money from, can be a little out of our realm of thinking at first.

So what are some of these streams of passive internet income you might ask. The first one that comes to mind is being an online affiliate to some monthly membership sites. As long as the quality of the content is up to date, and offers great value for money, the people who do subscribe to these sites often tend to stay members for long times. Certain online software that most businesses use, also have online affiliates, so if you can secure clients in this manner, you are looking at a great long term income stream.

Passive or residual income is a fantastic way to create regular income, and long term wealth as well. There are a multitude of fantastic ways to get into this strategy, and you need just look all around, and you can easily see it is a very accessible market.

The first post of 2009 for Learn Wealth Creation, so let’s get off to a flying start. We have a whole 12 months ahead of us, so why don’t we set a goal of achieving financial freedom by the end of the year? Think you can’t do it, then you are right, think you can do it, then you are also right too!

First you have to work out what Financial Freedom means to you, as we all have different meanings of the word. What people mainly describe when they say it, is having enough money coming from their investments to pay all their living expenses and current loan repayments, without the need to earn any other income from a job. The amount of money does not necessarily mean you can increase your investment commitments, although by having the time now on your hands, it is a pretty safe bet that you can begin to create even more wealth, without getting bogged down in the rat race.

Knowing what financial freedom means, we can now put a goal in place to achieve this within 12 months. By not writing down this goal, we are already in trouble, as we are telling our subconscious that we don’t think we can achieve it so why bother writing it down. Make 2009 the year that you overhaul your mindset too. Here is a link to the goal planning sheet that I actually use myself, to help me hit my own goals and targets.

Too often we have a financial goal or objective, yet get overwhelmed with how to actually achieve it. Right now that is not that important as writing the goal down. The brain will provide the how in a short while.

You have 12 great months ahead of you, and you have to work out just how much you want to have financial freedom by the end of it. Are you prepared to make some small sacrifices in order to have a financially rewarding life? Work out what is more important to you and go and hit those goals.

Happy New Year!

Write Your Goals Down

In today’s post, we will look at the effectiveness of writing goals, and how setting and achieving them can take you quicker than you thought possible towards your financial targets.

There is a saying that the difference between a millionaire and a billionaire, is that the billionaire will read their goals twice a day, instead of once. This is not far from the truth, and those who do take daily action will see bigger and better results.

A famous study was done at the Harvard Business School, in the 1979 MBA Program. In the study, students were asked, “Have you set clear, written goals for your future and made plans to accomplish them?” Only 3% of the graduates had written goals and plans, 13% had goals, although they were not in writing, and a massive 84% had no specific goals at all.

Some ten years later, the members of the class were re-interviewed, and the results were mind blowing. The 13% of the class whom had goals were earning on average, twice as much as the 84% who had no goals at all. As for the 3% who had written goals, well they were earning on average, ten times as much as the other 97% put together.

This is clear and documented evidence, of the importance of writing down goals and I hope that you realise the impact that goal setting in writing will have on your life. As a gesture of good will, today I want to give you something that will change your life if you just take the small amount of action required to do so.

Here is a goal planning sheet, and it covers everything I think that is involved in hitting your target. Fill it in, and twice a day, read and believe your goals. Expect your goals to be achieved, even if you are unsure of the ‘how’, and miracles will begin to happen before your eyes.

Making Money While You Sleep

In today’s post we will have a look at online affiliate marketing, and see just why it is such a great way to either make some additional income, or to have a full time business doing it. Effective affiliate marketing, can be the greatest way to make money while you sleep.

Online affiliate marketing, is when you direct someone to a merchants website that you are affiliated with. If the person (or web surfer) makes a purchase from that site, then you an an affiliate will receive a commission for your help. Even though you may not have even head of affiliates, the chances are if you have ever bought anything over the Internet, there is a great chance that you did so via an affiliate.

Affiliate marketing is huge business, and the industry is growing every day. There is plenty of room to make money, as there are so many niches on the Internet that will allow you to market. Saturation across the Internet is just not possible in most niches.

To become an affiliate marketer is very simple, and is most often free to become an affiliate. The place that makes affiliate products very easy to find is at Clickbank. This is a website where there are thousands of electronic information products, and merchants place them there so people like us can sign up very easily to become an affiliate.

From there you will now have a unique URL that you can begin to drive traffic to in a multitude of ways. Once a purchase is made, you will be able to find out through your Clickbank account, and you will receive your affiliate commission cheque once a month. All you have to do is set up the initial system to drive traffic to your unique URL, and then you can sit back and make money while you sleep.

This is a great time to be learning about affiliate and Internet Marketing, and many people including myself have replaced their incomes and have very profitable businesses with this approach. In the future i will go into more detail and offer some great strategies that you can begin to do by yourself, and start to make money while you sleep.

Will They Talk Themselves Into A Depression Though?

The US came out last night and admitted that they are in a recession, and have been since December of 2009. No great surprise there, and I have publicly stated many times that they have been since the end of last year. Still, I’m not here to say I told you so, rather to give some direction as to how you take this news.

As you probably know by now, I am a firm believer in the theory that economic markets on a micro and macro level, are a direct indication to the state of people’s perception of them. So if enough people believe that there is a recession on right now, then they will act and take actions in line with those perceptions, and the result being the economy will slide head first into a recession.

What I am suggesting to you, is that if you choose not to be a part of this Recession, then you do not have to. Now, a lot of people will be scoffing at me right now, and I’m guessing a few have even left the page too. It is true though, if you want to be a part of the Recession than by all means go ahead and do so. For those of you who don’t want any part in it, and actually want to prosper more than you could imagine financially, read on.

The wealthy (and I mean the real wealthy, not the people who did well in the last Bull Market and lost it all earlier this year) will be making more money and creating more wealth right now, than at any other time in the last 80 years, or since the great depression. Why, because they are doing the opposite of what everyone else is doing. Many of today’s real wealth families is a direct link to the great depression, as that is when their families made so much money.

This goes back to something that a man named Charles Darwin made famous, and that is that it is the living things that can adapt the quickest, will flourish and survive. That is just as true for financial markets too, and if you can quickly adapt to the current financial crisis, then you will not only survive, yet you will flourish as well.

You have the opportunity to become financially educated right now and take advantage of the best opportunities in a generation, or you can choose to stick your head in the sand and believe and become part of this Recession. The choice is completely yours, what will you choose?

Fear And Panic And The Stock Market

Last night in the US, the Dow Jones Index closed at under 8000 for the first time in five years. That is a huge difference from the highs last November before the Credit Crisis started to unfold. Many people are panicking now, and maybe they deserve to, maybe not. Instead of focusing on the fear, why don’t we concentrate on how best to take advantage of the current Stock Market conditions.

Buy, Sell, or Hold?

A great question and one that only you can answer. There are certain Share Strategies that will make you a lot of money right now, and there are strategies that you can use to completely protect your investments too. Combining the two strategies is a good way to make a lot of money right now.

Educate Yourself And Learn The Stock Market

Now is the time to be learning as much as you can about the Stock Market and to become financially educated. The roller coaster ride has not finished yet, and when this mess is all over there will some massive opportunities for those who are smart and savvy investors. Huge fortunes will be made in the coming years from the Stock Market, and there is still time to learn from what is happening at the moment.

Fear and greed are the two driving forces of any market, and in particular the Stock market. Greed and some over the top investment vehicles have got us in this current financial situation. The future of Share Investing calls for more solid and protective strategies.

That’s it for today, just wanted to touch on the Dow closing below 8000 and to share that it is not the end of the world just yet. Go out and get prepared, and then you will reap the benifits on the next Bull Market.

Is It Easy To Make Money Investing In Shares?

In today’s post we are going to look at investing money in the Stock Market, and will discuss some of the Share strategies that are available to use in this current economic climate. Not all wealth creation strategies are created equal, although as we have discussed before it is usually not the strategy that loses you money, it is the mindset in charge of it.

Making Money And Keeping It

So the trick is not just to make money  when trading stocks, it is to keep it as well. Making a $200,000 profit is not much fun if you follow it up with a $300,000 loss. There are some great share strategies that will not only allow you to make a lot of upside potential, they will also allow you to protect your capital 100%.

We have spoken in the past about using Put Options in combination with you Share Trading Strategies. By giving up a few percent of your possible gains, you can have complete peace of mine knowing that if the Market turns against you, you will have full equity protection.

Some of you may not like to give up some of your gains, and there is another part to this strategy that may swing you in favour. Of the Shares that you do want to invest in, look for ones that offer a good dividend yield. There are many quality Shares that offer a dividend that will nearly equal the price of a long term Put Option. In doing so, you will not have to give up any of the upside potential at all.

So know we know how to make money and to protect our investment, we still need to know when to take your profits from the market. Many Share Traders will take their profits too quickly and will miss out on a lot of future profit because they get scared they will lose money. There are many mechanical trading systems out there that can systematically take your profits according to technical analysis, yet this can be a full time job in itself.

A much more simpler system that will only take you a few minutes is to sell your Put Option on the shares and then purchase another one that is nearly ‘At The Money’. By doing so you have essentially locked in all your profits, yet you can continue to take advantage of any upside potential without the fear of losing it.

Many people like to over complicate trading and come up with all manner of rules and techniques to get money in and out of the market. When you want to create real wealth, go back to basics, protect your capital and lock in all profits. You can make money in the Stock market, and you can keep it all too.

Sabotaging Your Own Success

In today’s post we will look at something many people overlook in their journey to create wealth. When it comes to making money and keeping it, the majority of people will subconsciously set themselves up to fail.

So why is this? Well it mainly has to do with the way in which we were brought up by our parents, and the way money and wealth (or lack there of) was discussed and used in the family home. This goes on to set up certain conditioning patterns that will govern the way we treat money for the rest of our lives.

Thin back in the past and remember how many times you have come into money or wealth, and certain things began to happen that ensured you had to spend all the money, and maybe even put you in a position that was worse than even before you had the money. A classic example of this is when someone who is ’struggling’ goes out and wins the Lotto.

The majority of people who play Lotto are what are colloquially known as ‘Aussie Battlers‘, and are not used to having money in their lives due to their conditioning and thought regarding money. When they come into wealth by chance, they subconsciously go into a self destructing pattern, as they only know how to repel wealth. Now that may offend some readers, yet that is exactly what happens. Within a few short years (or shorter) the money has gone, and the Lotto ‘winner’ is now in even more financial pain than before they had their win.

If you are not wealthy now, or feel that you could be doing better, then the good news is that you can re-wire your thinking process and begin to attract wealth into your life. Making money is not just about great Stock Market strategies or Property Investing. It is about the mindset and how you think that will ultimately bring you financial freedom.

The Law of Attraction is a very powerful thing, and can bring you anything in life that you want. Anything at all. If you want more poverty and focus on how tough things are, then that is exactly what you are going to get. Imagine if you were to focus only on wealth, and how great things are, I wonder what would happen then.

Many people just can not fathom the importance of the paragraph above, as they are so conditioned to poverty and repelling money. Many will scoff, and call it new age garbage, yet the truth is this is not new at all. It has always been there and we are in a fortunate time where we can harness The Secret and put it to good use for the good of all man.

Investing And The Fear Of Losing Money

In today’s post, we will look at something that nearly every investor will go through at one or more stages of their life. That thing, is the fear of losing money.

The fear of losing money can cripple your investing strategies in their tracks. As I have mentioned before, many of these fears are unfounded, and through proper research and a great financial education, you can lay these fears to rest and focus on the task at hand.

Our fear of losing money on an investment such as property and the Stock Market, usually comes from the way in which we were brought up, and the way our parents discussed and treated money. It is easy to fear something that you do not understand, so it is important that you become financially educated in your chosen investment field. The 21st Century Academy is just one of the many excellent investing Homestudy programs that are available today to put you in to a fantastic advantage when it comes to the creation of wealth.

Can you lose money investing? Yes, of course you can. I have lost considerable amounts of money in some investments. What led to the loss of money was my own ignorance at the time, as well as greed and fear. There are risks in life, and the majority of people will not take ‘risks’ with their hard earned money. They would rather live near the poverty line and work in a job they despise for the rest of their life simply because they do not want to take any unnecessary risks.

Unfortunately they are the same people who when they get to their twilight years, reflect back on their life and wish that they had taken more risks. There is nothing as sad as witnessing that scenario.

Take risks, although ensure that they are calculated ones. Pre-empt your fears, and dissolve them before they manifest in your life in material form. Take the steps required to ensure any losses you may have, are kept to a minimum. There are ways of doing this with any good wealth creation strategy.

On the upside of losing money, there is unlimited upside potential, meaning you can make a lot of money and create a lot of wealth if you take a risk. Become educated, face your fears early, and focus on what you want, and not what you don’t want.