Feeling Financially Unprepared For The Future?

 

Do you ever have think you’re not as prepared for the future as you’d like to be?

Have you ever thought that there’s gotta be a better way live than the daily routine of the wage slave?

Do you think you will have enough money for retirement?

Thinking that you need to take a more serious approach if you want to have a safe, secure, healthy and abundant future before time passes by to quickly?

If this sounds like you, then keep reading because you’re about to discover the fundamental steps you can start taking today to put you on a path that will ensure you have a safe, secure, healthy future for you and your family.

Because let’s be fair the current state of things doesn’t look pretty, did you know that one quarter of 55 year old in Australia have less than $50,000 in Super?! (The U.S stats are not much better)

If you do what everyone else does, you will get what everyone else gets.

It’s time you stop living in denial and saying ‘shell-be-right-mate’ and let it all work itself out because it won’t and no one is going to do it for you.

You need to start today and it is actually much easier than you might think.

First I want to say these wealth creating strategies are not mine, I didn’t come up with them, they come from very wise people who have walked before us and they have been beaten up, battled tested and proven to work every single time.

If you want to be successful, find someone who has achieved the results you want and copy what they do and you’ll achieve the same results. – Tony Robbins

The 5 Ways To Create Wealth

To understand and beat any ‘game’ (money getting is a game) its best to break it down to its simplest elements. It was Einstein who said “Everything Should Be Made as Simple as Possible, But Not Simpler” and that’s what we’re going to do with creating wealth.

In Tony Robbins latest book Money Master The Game – 7 Simple Steps To Financial Freedom explains about the 5 ways you can create and speed up your wealth creation.

  1. Save more and invest the difference
  2. Earn more and invest the difference
  3. Reduce fees and taxes and invest the difference
  4. Get better returns
  5. Change your lifestyle

Let’s start off with #1 Save More And Invest The Difference. Do you have a savings account and are you regularly putting a set amount automatically in there every time you get paid?

If not, and you are serious about creating wealth in your life then you need to start, today! This is not an option.

This step is so important it is the number one common habit all wealthy people have and teach their kids. They pay themselves first.

It’s a simple principle but most people simple don’t do it, stupidly I read about this strategy in a book called Richest Man In Babylon over 10 years ago and only now I have started implementing it.

By not taking an hour to set it up once it has cost me tens maybe hundreds of thousands of missed money that I let slip though my hands into someone else’s, learn from my mistakes and start today.

People who think they know but don’t take action, still don’t know – Anonymous

Most people pay all their bills, rent and creditors and spend whatever is left over. Ever felt like there is too much month at the end of the money?

One of the best financial moves I ever did was to set up a high interest savings account and decided on a set amount. I chose 15% because that was right for me at this stage, you want to aim for about 10% to 20% can and have it automatically taken out every week and deposited into the savings account.

The most common objective everyone throws in at this points is “But I will miss it! I don’t have enough money as it is…”

If you feel something along these lines this is exactly why you need to do this and from experience, my own and others who have followed suit, you really don’t miss it.

In fact it doesn’t take long before you start seeing it build up and gain momentum and it becomes exciting.

If you only take one action from reading this, make it this step. I promise your future self will thank you for it later.

The Most Powerful Force Wealthy People Use To Create Massive Wealth

Leverage The Power Of Compounding: Einstein said the most powerful force in the universe is the power of compounding and when allied to your finances it has been one of the secret wealth strategies used by the ultra-rich.

If you don’t know what compounding is, it’s simply something that is doubling itself in value each cycle. For example 1, 2, 4, 8, 16, 32, 64, 128, 256, and so on.

To give you an idea of the power of compounding, let’s say you start with $0.01 just 1 cent and you use the power of compounding and double it each day for 30 days. How much money will it equal?

I want you to take a guess?

Will it be $30.00?…

$600.00….

Over $100,000?

Have you chosen your answer?

Are you ready…

How about a whopping $5,368,709.12!

Yes, that is over 5.3milion dollars in 30 days starting from just $0.01 cent!

I hope you now understand the power of compounding.

You do need to understand that this example is at a rate of 100% which is not realistic in reality. There may be deals out there that can get those kind of returns but they are defiantly not typical.

There are many investments that offer compounding returns you just need to look out for them and do your research.

One of these methods that I am currently using is Peer-To-Peer Lending: This is basically where you lend your money out to other people with interest. There are many companies that provide this service and you can easily manage your money online.

There are many peer-to-peer lending services out there and they all have their own slight twist on how they work so like all investment make sure you do your own research.

The one I use and recommend is RateSetter.com.au their platform is very easy to use and have a great track record.

They were the first peer-to-peer lending company to introduce a provisional fund to cover any non-payments and since they started they have never not paid a lender. I get up to 10% per annum 

I also like to spread my money around in multiple loans as an additional safeguard against borrowers not paying back their loans.

RateSetter.com.au is a great way to get better returns on your money than the banks will give you, it’s easy and safe to use and have a great reinvestment feature. I recommend checking them out.

These few steps are just some simple things you can do right now with the money and income you are currently earning to help you get a better returns and put you on the path to wealth creation.

The journey of a thousand miles begins with one step. -Lao Tzu

There are many more ways you can and should be investing your money, I highly recommend you pick up a copy of Money Master The Game by Tony Robbins he interviews 50 of the greatest investor currently living and they share their best strategies, the ones they teach their kids. It is well worth the time to read and educate yourself

The only problem with compounding is that it takes time for it to build momentum, which does really help you much if you want to speed up your wealth creation and start making more money now.

That is why if you want to be financially free you need a way to earn more income and invest then difference.

3 Types of Income To Create Wealth And Personal Freedom

One of the best strategies for creating more wealth is to own a business and with everything moving more online now is the perfect time to start your own online business. It is low cost, low overheads, quick start, global markets and no employees

If you want to discover how you can create a full time income working part time form home or where ever you can get an internet connect then enter your details below and I will give you immediate access to the same system I am using.

My goal is simple: To help you achieve personal freedom and financial prosperity using the power of internet marketing.

On this blog I share my experience, strategies and case studies of what is working and whats not. If you are serious about building an online business I also have dedicated coaches ready to help you with your online business. With the assistance of a personal 1 on 1 coach you will accurate your results be having someone help you understand all the training, stay focused on what works and ultimately help you achieve your goals faster. Click here to find out more

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Sam Stone

I'm Sam Stone, an affiliate marketer who specializes in email marketing to generate sales. I'm currently living in Gold Coast, Australia. If you need some help with your online business then get in touch
About The Author

Sam Stone

I'm Sam Stone, an affiliate marketer who specializes in email marketing to generate sales. I'm currently living in Gold Coast, Australia. If you need some help with your online business then get in touch

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