Tuesday, November 13, 2007

Achieve total financial freedom

To focus on how to achieve total financial freedom, visualisation techniques can be very helpful. Not just once in a while imagining and dreaming of where you want to be, but making it a regular practise every day.

The techniques are simple and easy to follow; you only need some persistence to keep on doing them.

To start with; picture yourself where you really would like to be in your life. Picture yourself in an ideal situation. How would it look? Would you have a lot of money, a big house, and a nice car? Or maybe you have a specific goal that you would like to achieve, like a certain job in a certain company. Maybe you even want to be the successful owner of your own business.

Make that picture very clear in your mind, and keep focusing on it. To help you keep your focus and to remind your self of your goal, you can make picture cards. Cut out pictures from magazines that represent your goals and stick them on a carton frame. Take a picture of yourself and include it on the same frame. This picture frame you hang on a place where you can see it often.

The same you can do with your goals in writing, write them on small cards the size of a credit card and carry them with you so you can remind yourself often.
.) Write your favourite sentences on paper and hang them on the wall so you see them as often as possible. I have mine hanging over the door to my bedroom and over my working desk.

If you are serious about your wish to achieve total financial freedom and to work on yourself, then keep reading.

The techniques of visualization, setting goals and making clear plans, is a subject that needs more attention than this brief introduction I just gave you.

I am using a very good workbook that is a course in how to achieve total financial freedom. It is made by Darel Rutherford, and is called "The Money Solutions Workbook". The book contains the essence of what you need to know about creating wealth. The book contains a lot of practical exercises and is easy to read.

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Saturday, November 10, 2007

Do You Things You Own Make You Happy

IPODs, Plasma Televisions, 2 new cars, 3000 square footage home. Are these things that you own or would like to purchase? Are you the type that when you see your next door neighbor with a new car that is when you decide it is time to purchase you a new one?

Today we live in a society that dictates that happiness comes from having money, power, living in a big house, driving a fancy car and owning the latest gadgets that we see advertised on the television on a hourly basis. These commercials try to make us think that we need these things in our life in order to function.

When you look around your home and if you own the best of everything can you really say that you are truly happy? Does living large and having plenty of money really give you a good night sleep? Or do you stay up at night trying to figure out how to make more money or keep people from taking away the things that you already own? Do you own the things that you have or do the things you have own you?

According to the lyrics of one of P Diddy's songs, "more money, more problems." Because of the recent recall of over a million toys by Mattel in China, a Hong Kong business toymaker owner committed suicide.

If we look at history which often repeats itself, people who are wealthy are not necessarily always happy. A good example being Howard Hughes. Howard Hughes was an American Aviator, Engineer, Industrialist, Film producer, and Director and one of the wealthiest people in the world.

Hughes died a recluse, leaving billions to be split among relatives. His reclusive activities and drug use made him practically unrecognizable at his death; his hair, beard, fingernails, and toenails had grown grossly long, his once-strapping 6'4" frame now weighed barely 90lbs and the FBI had to resort to fingerprints to identify his body. Does this sound like a man who after becoming wealthy led a happy life?

Shows like MTV Cribs allow cameras into the private homes and lifestyles of the young celebrities. We are constantly reminded by the news media that these celebrities are living lavish and some very unhealthy fast lives. After viewing these young people with the "me attitude," they seem to really have empty very sad lives and it seems as if they are running themselves to an early grave.

These young celebrities are the faces of the posters that are hanging on the walls of our young people, these are the people they are idolizing and wanting to be like. They want to live the "lavish" lifestyles that these celebrities have.

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Sunday, November 4, 2007

Is your home safe

As homeowners, one can have access to the cheapest possible rates on interest in the UK loan market. The home can be used effectively to raise huge funds from the market and there isn't either any need to sell it off. Secured Loans allow borrowers to put their home as security and avail money. But, there is a risk factor involved in the deal as in case the borrower fails to repay the outstanding amount, his home can be repossessed by the lender.

Life is uncertain... anything can happen anytime. Accidents, job-loss, failure in business and sickness are some of the unfortunate events that can happen to anyone. But, the loan instalments are still to be paid whatever may happen. So, what to do to make sure that your home is safe? State benefits can be one probable solution but you can't really rely on other's favour. Insurance is what you may opt for to ensure that your home is safe and secure.

Secured loans can be insured in a number of ways. There are plenty of insurance packages available in the UK loan market. Even the lenders nowadays offer PPI (payment protection insurance) that covers your loan instalments. Under this scheme, the borrower has to pay a monthly premium along with the loan instalments and in case, you meet with an accident or fall ill, the rest of the due amount will be paid by the insurer. This way, you save your home as well as save for the future as most lenders offer full refund of PPI on secured loans.

To justify the importance of PPI, especially in case of secured loans, Clive Briault, FSA Managing Director of Retails Market said: “When properly structured, explained and sold, payment protection insurance can provide worthwhile cover for consumers against unexpected changes in their personal circumstances. We were therefore pleased to see that sales of regular premium PPI sold with loans are generally compliant.”

So, whenever you procure secured loans from the market, make sure that you are taking some insurance cover to eliminate the risk involved in the loan deal.

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