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

Introduction To Financial Intelligence

Welcome to The Money Gym community. When you decide to download this book, you will have made a great decision, one that will most probably change the way you think about, and relate to money forever!

This book, based on my Money Gym coaching programmes, workshops and training courses, will show you step by step how to build and develop your own financial intelligence. It’s focused on nine core tried and tested Wealth Creation modules:

  1. Discovery do you know where you are now?
  2. Beliefs, Behaviours & Attitudes what’s holding you back?  And where did those beliefs come from?
  3. Cashflow how it comes in, why and how it goes out
  4. Debt Busting! stop the rot and sort it forever
  5. Savings –v– Investment & Compounding why you have to know the difference & the 8th wonder of the world
  6. Equities a nice little earner on a couple of hours a year
  7. Property Investment tried and tested throughout the ages
  8. Profit from Your Passion! harness the power of the internet, make money while you sleep
  9. Mind Your Own Business! if you want to look in the mirror and see the boss

Why, you may be thinking, do I prefer to say financial intelligence rather than get rich, wealth creation or millionaire thinking? I prefer to use those words rather than anything more flamboyant, because:

  1. In the early days, many people don’t want to be wealthy or become a millionaire – that’s too big and scary!
  2. I like to teach people how to fish, slowly and surely, rather than throwing them into a big reservoir full of fish and saying ‘there you are – go get it!’

I’m going to help you develop a positive and intelligent way to think about money so that you can go forward with confidence, holding the right tools and possessing the knowledge to improve your life – and those of your family and friends – forever. With your enhanced ‘Financial Intelligence’ you get to choose what to do with it and why – rather than relying on someone else for answers.