Archive for the ‘Financial Freedom’ Category

Becoming Your Own Financial Advisor

Tuesday, June 14th, 2011

All too often, people are too quick to hand off their investment responsibilities and decisions to a financial advisor. This is not exactly the best idea if you are interested in becoming financially free.

The fact of the matter is that no one is better at managing your finances than you. Creating a better life for you and your family is up to you. Therefore, it is important to become financially literate and reduce the expense of working with a financial advisor.

Becoming financially literate provides you with greater power and sets an example for all who are around you. In fact, becoming financially literate is something that everyone should pursue at some point in his or her life.

Have you ever thought about how financial advisors are paid? You most likely suspect that their palms are being greased by some financial institution somewhere. You have probably heard the saying that there are no free lunches. Underneath that slick pinstriped suit is a thin disguise of commissions and fees, which have rotted the industry of financial services right down to the core.

Most of the time, the financial product that the financial advisor has the best grip on is the one that he or she is responsible for selling. Just as an insurance salesperson will enthusiastically promote insurance and a stockbroker will promote a basket of shares or individual stocks, a financial advisor does not differ.

It is important to understand that financial planning is not all about increasing wealth and prevailing in the market. It is about diversifying your portfolio, creating a budget, planning for retirement, paying off debt and much, much more. Therefore, it is easy to see that financial planning is more than just making investments and collecting income. You must also learn to reduce taxes, protect your assets and make sure that your dependents are cared for properly.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

Why Many People Will Never Be Financially Free

Monday, May 30th, 2011

The next time you walk down the street, take a moment to notice all the people around you. Most of these people will never be financially free. The reason for this is that middle class people tend to invest the same as everyone else, but not everyone else is financially free.

Middle class living is not living financially free. If you invest like middle class, you will always be middle class, statistically speaking. If you want to become truly financially free, you need to alter the way you think and behave when it comes to investing if you plan to succeed.

All too often, people are duped into thinking that all you have to do to become financially free is go to school, get an education, find a job, save and invest. This is a good plan, but the way you go about doing these things is important to your ultimate success. For this reason, many people following such a plan are doomed to remain in the work field for sixty-five years or longer, retiring with just enough money to survive.

By quickly researching some of the most successful people around the world, you will see that these people did not invest like middle class citizens. In order to become financially free, you must invest like the wealthy do.

Take the time to research the strategies and methods that wealthy investors use. In fact, a great number of wealthy investors have written books to help you understand the methods that they used to gain their financial freedom.

If you lack the time it takes to read inspiring books, perhaps a course on investing would better suit you. Knowledge is crucial to becoming financially free. Invest in knowledge to separate yourself from middle class and get heading in the right direction toward financial freedom.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

What True Wealth Really Means

Wednesday, May 11th, 2011

What True Wealth Really Means

The word wealth has many different meanings, yet all are related somehow. Flip through a dictionary and you will discover that there is more than one way to define this term. If you were to talk to ten different people about wealth, you may be surprised to learn that they all have different answers to the question, “What does wealth mean to you?”

There is no right answer to the question. Any answer that you receive is nothing but a mere portion of what true wealth really means. True wealth is more than an abundance of worldly goods and financial stability.

More often than not, people associate wealth with money, yet these people are not seeing the whole picture. Even though financial freedom is a sure indicator of wealth, it is not all there is to having true wealth. As a matter of fact, if you were to measure true wealth only monetarily, you would be seriously misled. It is certainly true that money is important in this day and age, but many do not recognize that there are many other aspects to life that are equally essential to obtain true wealth.

In order to measure true wealth, you must take time into consideration. It is crucial that you understand the importance of both the quantity as well as the quality of your time on this Earth. All too often, we find ourselves preoccupied with the pursuit of money that we lose sight of all the other aspects of true wealth. Many people these days are so caught up with deadlines and schedules that few have time for their families let alone time to themselves.

Quality of life, good health and contentment are all important components of true wealth. Many, many people with shallow pockets are some of the most truly wealthy people you will find, simply because they know what wealth means to them and are certain they have it.

Sean Rasmussen

Success Communicator

Aussie Internet Marketer © 2004 – 2011

Tips to Better Manage Your Money

Friday, February 18th, 2011

The most crucial element of your financial success is your ability to manage money. No matter if you need a steadfast way to cut your expenses, or a way to manage your newly found income, it is important to have good money management skills. If you are interested in making a substantial amount of money, you should not be afraid of managing money.

A lot of people associate money management with frugality and cutting expenses as opposed to building new income streams. Even if you already have a steady flow of major amounts of cash coming to you, you still need to learn how to manage it successfully.

In order to manage your money correctly, you need to know on exactly what you are spending your money. This is good for a couple of reasons. First, when it is time to do your taxes, you will know exactly where all of your money is coming from and where it is going. You will be able to find expenses that you can write off easily and you will be able to determine your exact tax situation.

Secondly, you will be able to see where your money goes. You will be able to find certain expenses that you really do not need and eliminate them all together. When you know where you money is going, it is easy to think about what is the most important to you.

Do not cut out the things that bring you the most pleasure like your RC airplane hobby. Instead, create more money to spend on the things you love the most by cutting out designer coffees, music downloads and other expenses you without which your life will not be affected in any major way.

By continuing to look for ways to make money, while correctly managing the money you have, you will create the wealth that you want in no time at all.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

Cut Your Bills to Create Wealth

Sunday, February 13th, 2011

Is the current state of the global economy affecting you? If so, then you need to take the time to focus on the many ways you can turn yourself from poverty-stricken commoner to wealthy money expert. When you find yourself living in troubled times such as these, it is important to mind every penny and dime, ensuring it all goes toward something of value.

The best way to accomplish this is to put all of your monthly or weekly expenses in writing, whichever is most desirable and convenient for you. If you keep a record of your expenses, you will be able to see exactly how much of your income you are spending on things that you do not need, or in some cases, even want. With this knowledge, you will be able to create some kind of balance by eliminating anything that is not necessary.

The first place you can look to save money is with the bills that you pay. Bills come in a number of different shapes and sizes and can be detrimental to your income. It is important to look for ways to keep these bills down to a minimal level if at all possible. If you play your card right, you may find a great deal of money you never knew you had.

Electricity bills are first on the list because many people all around the world rely on electrical appliances. However, you may not need all of the energy-sucking appliances that you currently have all over you home running up your power bill each and every month.

Make it a point to turn off all the lights in any room you are not actively using. In addition, you can also save a great deal of money by unplugging your appliances when you are not using them. It may sound like a small thing, but it can save you big bucks.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011