Chapter 1 | Part 2 | What Are The 4 Lanes Of The Wealth Super Highway?

A huge feeling of relief washed over me when I realised that there are just four ways to create real, lasting, sustainable wealth – a bit like the four lanes on a motorway. I’ll be going into each of the four lanes of the wealth highway in more detail later on but, for the moment, think to yourself, ‘Phew!’ that’s not too overwhelming – anyone can learn about just four things!

Those four lanes are:

  1. Property Investment (at least 10 ways to invest in property)
  2. The Stockmarket (exposure to equities in some form or other)
  3. Minding Your Own Business (even if you have a job)
  4. Profiting From Your Passion (creating passive revenue streams while you sleep)

(2017 UPDATE:  There is now a fifth asset class emerging and it’s called Crypto Currency.  The sooner you learn about cryptocurrencies and the Blockchain software that underlies them, the better.  Even the little people ,can start investing in these for as little as $50 at a time.  You can start by reading this free PDF White Paper written by Satoshi Nakamoto, the person who invented Bitcoin back in 2008)

Each wealth creation lane has a myriad of vehicles to ride in – perhaps a pushbike will suit you better than a juggernaut initially and maybe you will want more than one vehicle in each lane!

Each vehicle will produce different results in terms of outcomes – are you looking for results while you travel (income) or slow steady travel (growth) that gets you there in the end?

We all have our preferred driving styles. Which is yours?

Decide if you are a pushbike person or a Ferrari person. Both will get you there but one will be faster. Think about which lane of the motorway you are going to drive down first – and no, you don’t have to get a vehicle on all of them to start with, but you can be aware that the more vehicles you have on each lane, the faster you will get to your destination.

So what is your destination? Where are you now? Because one thing is for sure, if you don’t know where you are now financially, you are less likely to be able to get to your destination successfully.

Because… well, think about it for a moment. If you don’t know where you are now, you are LOST, are you not?

If you are trying to get to Manchester, but you don’t know where you are starting out from, you are much less likely to get decent directions!

Now, think about how big and powerful a vehicle you would like on each lane, or whether you would feel more comfortable with a myriad of little vehicles on each lane.

What kind of a driver are you?

Chapter 1 | Part 1 | Financial Discovery

Why Do We Bother With Financial Discovery?

Are you one of those people who earn well but doesn’t know where your money goes every month? Perhaps you make money for your company or boss but yearn to be self–employed. Do you ever get the nagging feeling that your money should be working for you rather than you always having to work for your money?

You’re not alone!

That was me in 1998, just a few years ago. I used to gaze at my wage slip willing it to change, willing the net sum earned to get bigger, as if by magic and willpower and wishing I could MAKE it grow. I sensed that there was more to this ‘money business’ than met the eye. It was almost as if there was a secret key, that I didn’t have, to unlock the answers to money management and wealth creation.

So… would you like the good news or the bad news first?

The good news is that people who can ‘handle money’ have access to a few key pieces of knowledge that many people will never know. Perhaps they learned these tricks from a family member, taught themselves, or just ‘knew it in their bones’. However they came by it doesn’t matter; you’re going to learn their tricks too.

The bad news? There’s no secret key or magic wand.

Sorry. You will have to stop waiting for that knight in shining armour, windfall or lottery win. If you really want things to change for the better, you will have to take some action and, little by little, start to change your beliefs, behaviours and attitudes around money.

SO WHY DO IT AT ALL?

The first important thing is to find out where you are now with your finances.  You also need to dig deep and find your motivation. You can pay any number of experts to help you out, but at the end of the day, it’s down to you. No–one will EVER care as much about your financial well– being as you do.

Just think about how it would feel to:

  • Work just because you want to
  • Make confident financial decisions
  • Never have to answer to anyone againHow great would it be to:
  • Listen to the news knowing that you are unlikely to be affected by redundancy
  • Make life choices based on other criteria than whether you can ‘afford’ it
  • Feel strong and supported with a financial cushion behind you
  • Give back to your community in some way and make a difference

     

    ACTION STEP

    Write down how you would like to be living your life, on a Tuesday in two, five and ten year’s time. Write down where you are, who you are with and what you are doing from the moment you get up to the moment you go to bed. Is it compelling enough yet?

    If not, go back to it again and again and build a vivid and specific scene. See your life when you are a success, feel how you feel, smell the smells and specifically, feel the emotions, the joy, the happiness and above all, the gratitude.

    Here are some questions to get you started:

    • Where do you live?
    • What do you live in?
    • Who are your friends?
    • What hobbies do you have and how often do you do them?
    • What do you do for personal fulfilment?
    • Describe your relationship with your significant other / children.How much time you spend together and what do you do together?
    • How many hours a day do you work?
    • When do you work?
    • What do you do when you are working?
    • What are you responsible for?
    • What are your clients / customers like?
      • Describe your work environment
      • Talk about your team (nobody makes it alone by the way)
      • What about what you do makes you proud?
      • What time do you wake up?
      • How, where, what and with who do you spend the morning?
      • How, where, what and with who do you spend the afternoon?
      • How, where, what and with who do you spend the evening?TIP: If you struggle with this exercise, one of the most important in the book, it sometimes helps to reverse the questions and start with what you don’t want!

WEALTH WARNING!

Thinking of skipping this exercise? That’s the first hurdle most people fall at.

Many people read all the books and attend all the courses yet they never take action and wonder why things are just the same. The first step to taking action in the big wide world is to do the exercises in this book.

So, if you think that this step is pie in the sky and can be bypassed, be warned; if you can’t be bothered to do this properly, you will probably never be able to create financial abundance for yourself.

Successful people take the time to create powerful visions for themselves. It makes the goal setting so much more fun and takes away the need for ‘self–discipline’.

‘Once you define your ideal day, you’ll immediately find being more aware of your priorities puts things in perspective. Focusing on a brighter future, like your ideal life, pulls you towards it. Focusing on an ideal future relaxes the mind and helps you to respond correctly (not react) to whatever situations come your way’

Rich Schefren ‘Your Business Blueprint’ www.StrategicProfits.com