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Tag money mindset

The Magic Number

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A wise man once said, ‘any fool can complicate things, it takes a genius to simplify them.’

 

Yesterday Mary shared a touch of genius with our staff. Simply put, the massive benefits to be had when you focus on increasing your income by only 10% while at the same time decreasing your expenses by the same 10%. Can you imagine the benefits? With cash flow the life blood of any family and business it’s gonna make a massive difference.

 

But the genius didn’t stop there. How do you decrease your expenses by 10%? Well there’s all the regular ways of shopping around, going without, making different choices, being happy with less. And then there’s Mary’s way… she simply asks the question. Magic thing is when she puts her focus into reducing expenses people often respond with more than a 10% reduction. Yesterday she achieved a whopping 30%.

 

The thing is we can and do make things complicated. Why is it we’re afraid to ask for the things we need, the things we want. In our relationships, in our finances, in our work. What I’ve come to realise is how well people respond when we have an open and honest discussion about what we need or want and ask them for their help in achieving it. Straight shooting.

 

But why stop just with the money? How would a 10% increase in time in your day with a 10% decrease in work make a difference in your life? Or how would a 10% increase in fun with a 10% decrease in stress affect your health and happiness?

 

A 10% shift isn’t much. But when it’s a 10% drop in the negative stuff with a 10% gain in the stuff you love, it’s going to make one hell of a difference to your life.

 

Small shift. Big gains.

 

So where can you grow by 10%?

How will you reduce those demands and expenses?

The Power of (more than) One

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So it’s one of my greatest regrets. Selling our home on a double block in the leafy suburb of Strathfield in Sydney. And while I don’t regret our move to the country, keeping the house would have been a great business decision. Looking at those Sydney prices it’d be worth millions now. That hurts!

And while Sydney may seem out of reach for most first home buyers, an article that came my way about four sisters that busted $182K dollars worth of debt in just 2 years shows there’s a way to deal with those big dollar issues.

And the solution is in joining forces.

Story has it that these four 20 something year old girls were sick of their debt. All the usual stuff. Car loans, student loans, credit cards. And doing it on their own was going to make it a long, slow process. But then one of them had a brilliant idea. If they combined their income to blast out that debt, they’d be debt free so much quicker. Getting rid of the smaller debts first so they could whack all that money on the next biggest debt. Exactly what our Beyond Success Debt Terminator is designed to do. It’s not rocket science, but it does take discipline.

As one of the four sisters said, emotional setbacks were overshadowed by the amount of traction they were hitting with their debt. Today the girls are debt free and enjoying a holiday together with their parents – paid for upfront and in cash.

European families have been doing this for years. Generations banding together to help each other get ahead. And it seems to me if you want to get into the property market, and it’s a stretch on your own, banding together is a great way to go. Maybe you put the deposit together to help your kids get a foot in and then they pay you rent to pay off the mortgage. One day it will be theirs anyway. Maybe you buy a dual occupancy with your inlaws and you get into the suburb of your dreams but you’ve each got your own space. Or you live in one and rent out the other. Maybe as a family you all band together to buy one investment property, build the equity super quick and then do it all again.

The options are limitless when you start to think about the buying power that comes when you join forces. Just ask any IGA.

So what are your financial dreams?

How can you make them a reality?

 

PS: Make sure you watch our facebook page in the coming weeks for a great read on how the sisters beat their debt.

Word on the Street

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So one of my staff was up in Sydney on the weekend and she happened to catch the news. And she couldn’t wait to share it. Because word is they are selling an entire street in the Sydney suburb of Castle Hill.

It seems a genius couple have got together and talked their neighbours into selling 20 properties all in one line. A massive 1.9 hectares. Talk about creative thinking. A developers dream and cash cow in the making. Projected returns are huge. Last year when 8 neighbours got together in Epping the properties sold collectively for $30 million. They made $3.75 million each on houses that would normally have sold for $1.2 million stand alone. Pure genius. That’s money in the bank.

And the best thing about these situations is that it’s win-win. The abundant thinking of a couple willing to share their idea with others is a win-win for all involved. The neighbours. The developers. And the very lucky agent.

Getting away from being locked into traditional ways of thinking can open up so many opportunities that you might not otherwise see. And sometimes the best ideas come together when we are prepared to join forces with others. When we are prepared to network. In business circles it’s called a joint venture. And it’s a great way to make things happen by leveraging the best of what we all have to offer.

Sometimes the whole is greater than its parts.

What do you have to offer?

Who could you join forces with?

Windfall

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So did you see Insight? The stuff that dreams are made of. Winning money, discovering priceless antiques, inheriting a small fortune. Fascinating how many ways you can come into money and the different responses people have, isn’t it.

What about the guy who found $30 million worth of artwork stored in the dirty old garage of the house he’d just bought? Or the couple who won a cool $4 million in the WA lotto with a ticket that was a birthday gift.

So many different reactions both from the winners and their friends and family. All because there are so many different beliefs, different values, different judgements around money.

Take the guy who found the artwork. Savvy enough to recognise the potential and establish clear ownership before having it valued. Now that’s level-headed and makes for handling the $30 million he came into that much easier. And the best bit is that his good fortune had a spin off for others so they too came into some big bucks. He sure had an abundance mentality.

Or the lotto winner that won a half share in £22 million (British pounds that is – just work that one out in Aussie dollars). Twenty years ago it was worth even more. And instead of handing over his fortune to a financial advisor to play the money market he decided to have a go at it himself, have some fun with it and if he lost he’d only be accountable to himself. Now that’s detachment.

And then there’s the young woman that wouldn’t even let herself be identified. Sworn to secrecy by her family over a relatively small inheritance. A nervous breakdown because inheriting money ran so against her beliefs that she should earn all the money that comes to her. Such a tragic example of the power of beliefs around money. Beliefs passed down through generations of a working class family. And the money’s still just sitting there. Imprisoned by their own beliefs it’s not doing anyone any good. Not even the local charity.

In order to resolve the money riddle the first lesson to understand is that it’s not about the money.

Is it time you join us at Resolving the Money Riddle?

 

What are your beliefs around money?

Are your beliefs holding you back?

The Ocean of Abundance

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Have you stopped to look around yourself lately? How abundant this world is. We want for very little don’t we. Sometimes nothing at all. Just think about Christmas and the abundance the festive season brings. For most of us a plentiful supply of time, gifts, food.

Still groaning? Not exactly third world are we.

And there are many ways we can look at this concept of abundance. For some, it’s about greed that comes from a place of fear. That feeling of never having enough so we’d better stockpile.  While for others it’s about gratitude and the humility of knowing we live in a vastly abundant world that is there to be enjoyed and respected. And that we can have it all without the need for rape or pillage.

Such a difference in mindset makes such a difference in experience, doesn’t it.

The ocean of abundance is all around us. A vast and limitless ocean there to be enjoyed.

So will you take a teacup or a bucket down to the ocean?

After all, it makes no difference to the ocean…

The Money Game

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I was reading a post by one of our coaches recently. And he shared the thoughts of a guy, recently divorced, who had some tips on how to keep a marriage alive and happy. Brilliant, insightful stuff. Learned the hard way. But when you learn something the hard way, it’s never forgotten, is it. This guy’s next marriage is guaranteed to be awesome.

And he’s really on the mark about the issue of money. After all, financial worries can really stress a marriage, can’t they. Especially at this time of year. And he puts it quite simply. Money is a game. A game you can play together. As Mary says, just numbers on a page. And the thing is, when we look at money from this perspective it does wonders to lighten the stress. Because games are designed to be fun, aren’t they.

When I work with people it often surprises them when they discover just how much their performance can suffer under pressure. Most people don’t realise tension produces poor performance. Well, maybe we know this in the bedroom. But it happens in all areas of our lives. And it’s a scientific fact that when we’re under pressure, most of us don’t think so clearly. And our brains can go to mush as the adrenalin gets the better of our minds, not to mention our bodies. Not surprising then we make poorer decisions.

When it all gets too serious, it’s a sign things aren’t going so well. Time to do something different. Time to lighten up.

Sure there are exceptions. People who actually perform better under pressure. And these are the people who have learned how to manage the stress. Because they’ve discovered one of the great secrets of financial success, in business and in life, is to have fun. And while the business of money can be serious, the people that win the money game are the ones who know how to introduce a lightness into the situation, despite the pressure. Allowing them to see all possibilities. All those opportunities just waiting to be discovered.

Having fun. It’s an essential financial asset.

And a choice we can all make daily.

Where can you create more fun?

Eureka!

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In a breaking news item, CSIRO scientists have discovered gold growing on gum trees in Australia. In fact, the gold is actually growing in the leaves.

Who said the earth was flat? Who said we could never fly? Who said money doesn’t grow on trees?

Apparently what happens is the tree acts like a hydraulic pump. Sucking up gold from the deposit hidden in the ground underneath. So really, the tree is a pointer to the bigger gold deposit in the ground.  And it’s going to save the environment and the mining companies a small fortune. Because they can sample the leaves, rather than having to dig huge holes in the ground.

Busting myths. Busting mindsets. It changes the world, doesn’t it.

And time and time again we need to rethink our beliefs, don’t we. Because some genius must have been thinking outside the square even to sample the leaves in the first place. Asking such great questions like… what if? Opening up the possibilities rather than being locked into everyone else’s restricted thinking.

Everything starts with a thought.  And fortunes are just waiting to be found.

The only difference between a prince and pauper is how they think.

What are you thinking?

http://www.news.com.au/technology/business-technology/csiro-scientists-have-found-gold-growing-on-gum-trees-near-wudinna-on-the-eyre-peninsula/story-fn5lic6c-1226744812235