Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

15 June 2009

The Secret... of the secret

So, for those of you who have not yet seen or read the book 'The Secret', well that is your major goal at this step in my opinion. Its not so much that this movie/documentry will heal your soul or provide life changing solutions on its own, rather it provides the key, the first step if you will in shinning the light up the right path, rather then so plentiful 'wrong' or less then successful paths.

There was one, rather two key things that stuck with me after watching 'The Secret' for about the 30th time. And that was;

1) you need to keep trying regardless how long it takes, to many people quit just as they are getting started.

2) if you want to be successful, you need to act successful.

What this ment for me was simple. Well, not so simple at first, it took me about 30 times of watching 'The Secret' and the 'The Secret' alone before it dawned on me. If you were to decide you wanted to buy a car, and lets say its your very first car, the one that a pimple faced inexperienced teenageer buys. Unless someone helped you buy that first car, what did the majority of us do? We did a little research (maybe), we put some money together and bought pretty much the first shiny car in our price range that suited our "needs". Since that car, what have you learned about buying cars? You learn to research better, to buy what you actually need, get registration checks, maybe get a mechanic to look at it and pherhaps many other things.

My point is rather simple. It took watching 'The Secret' 30 odd times before I figured it out, that the movie alone was not going to do it, and really, why should it? Why would watching a single movie once in your life have an ever lasting effect on your life? Do you think David Beckham never trains, he just goes out and plays, do you think Ronnie Coleman after he won his first contest never trained again? Of course they keep training, they train harder and smarter. They look for better more efficient ways of succeding and being the BEST in their chosen fields.

So whats your chosen field? It may be a sport, an occupation or a skill. For me its was/is financial freedom. And then it dawned on me. To know how to be financially free, I would have to study about it. Learn about money, how it works, its dynamics, what its value is, how to use it and how to respect it.

08 June 2009

The Secret

Hi every one, how are you?

Well this blog is my quest, or rather a running open journal on my quest for financial freedom. In this I intend to share my discoveries, how I am going and what techniques I am using on my quest to have financial freedom.

Firstly, my quest began with my mother sending me a copy of the movie "The Secret". If you have not already seen it, I highly recommend that you grab your self a copy and watch it, over and over again.

Basically, "The Secret" outline the power of attraction in the universe. Now for all those who believe that this is all airy fairy type stuff and the only way to make money and a life of success, I challenge you with this. Is success defined by money? If so, how much money would make you happy and would have you considering your self successful?

To put a dollar value on life is impossible. For me atleast this is the case. Do I need my own passanger jet if I want to up and leave and travel the world? For me, no I dont need my own passanger jet, but it would be nice to be able to travel to where I want with in a reasonable time frame.

For me, success is defined by the ability to lead and live I life I choose. To be my own boss, and to live on my own clock. Success is to be able to have the life experiences I have always dreamed of, to spend more time with friends and family, to have the time to learn another language, or a musical intrument, to travel. Basically to do as I please with the reality of administration and logistics.

What does administration and logistics mean. It means taking into account the reality that if I desire to travel that flights take time to purchase and may only depart at certain times, that limited accomodation may be available when I get to this fantasy destination.

At the begining of this entry i asked you a question - what is success. Well, what is it? Is it wealth? For many of us, having a bottomless bag of money would make us happy. Consider this for a moment. A bottomless bag of money... A limitless amount of funds. To the average person they may laugh at this concept and tell you that the only success in life is hard work and bricks and mortar. Im telling you that it is possible, but the concept is one that is often termed residual or passive income. it is the concept of buliding yourself an organisation or empire that continually works its self through various means to continually provide you with an income.

This means at any given time, you may not be worth more than $1 million. However, as you spend and invest, so to does the income work its way into your bank account. This is not a new concept. Some people work hard all their lives and retire on superannuation, or bricks and mortar investments such as housing. Others build small buisness' and work very hard to make them successful. Other build empires and organisations and invest their money into calculated investments. It is these investments that continue to earn money for many years to come.

Think of Bill Gates. Do you think he still works at a PC building software for the latest Microsoft release? Or do you think he runs a buisness? Every organisation requires hard work and dedication to start.

It was this realisation when watching "The Secret" that I decided I needed to take action. And in the information age and the popularity of Google, my search began...