Launch of “Turbocharge your Finances” on-line video course

Hi I’m Clive and I am a 10 days away from launching our on-line video course on how to radically improve your financial circumstances.

On the “Turbocharge your Finances” course we will show you;

  • How to establish a solid financial strategy and even become a millionaire within seven to ten years
  • How to attract wealth instead of repel it by changing a few paradigms
  • Three realities that are sabotaging your money and how to reduce the grip of these forces
  • How to invent ways of earning additional income streams without giving up your job
  • A practical tried and tested method of getting completely out of consumer debt
  • How to reduce your expenses by 10-20% per month without compromising what’s important to you
  • Why the most important piece of financial advice has been hidden from you
  • How to use the principle of leverage to get ahead of the pack
  • How to establish your own mini bank that serves your purposes
  • Why it is important to have a financial mentor to help you get to where you want to be.

I will be giving you more information on how to watch the first Lesson at no charge in a week’s time.

Win a Samsung N150 Notebook* worth R5,000

Samsung Notebook 

I am interested in telling as many folk as I can about our on-line course, so, if you forward this email on to 5 or more of your friends (and put info@ifinplan.com in the Cc address line) We will keep track of your efforts and will announce the winner in our Newsletter at the end of September 2010.

* all emails you give us must be genuine personal emails to win. We will not sell or abuse the information you give us – we will send them one email, where we will invite then to  watch our first lesson. They can unsubscribe at anytime. The more people you refer and follow us, the greater the chance to win. Clive Bydawell is a registered Investment and Financial Advisor (contracted to Dijon Financial Services trading as Finlogic – an authorised financial services provider – FSP licence number 21739) The content  given in this presentation are for general information purposes only and is not intended to be advice as contemplated in the FAIS Act 37 of 2002. A more comprehensive individual financial planning analysis is available by appointment.

Are you wealthy?

A friend of mine, Garth Airey recently asked a very interesting question. His question was – “If someone makes a lot of money, does that mean that they’re wealthy?”

Well, I read someone who said that if you make a million dollars a year and you spend the same million dollars on your lifestyle, you are just a consumer – and, if you make a million dollars a year and you spend a million and one dollars, then you’re and idiot.

According to Kiyosaki and Lechter and as illustrated in their book “Rich Dad, Poor Dad”, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses.

The wise person takes 5 to 10% of their monthly income and builds (buys) assets which appreciate in value and produces a continuous and sustainable residual income.

Courage

“Whether you are a man or woman you will never do anything in this world without courage. It is the greatest quality of the mind next to honour.” – James Allen.

If I had R1,000 per month to save, where would I invest it?

Well if I could purchase my own home, I would deposit this R1,000 every month into my access bond.

Because;

  1. I will effectively save R989,255 over 20 years at an average interest rate of 12%
  2. I will also pay off my home in 15 instead of 20  years (statistically most move homes every 7 to 9 years)
  3. I will get a tax free interest return on the R1,000 investment (cannot pay tax on a loan)
  4. This is a tax friendly investment (R1,500,000 Capital Gains Tax deduction on your own residence in South Africa in 2010)
  5. I will get a better bank interest rate (better than money market, government and corporate bonds)
  6. My residential property should grow roughly at the rate of inflation and I should get good capital growth on my property (property is a great hedge against high inflation – Zimbabwe is a case in point)
  7. The investment is low risk (property cycles rebound and it is not easy to steal it)
  8. My personal interest in my property means it will be well looked after – I am my best tenant
  9. I use the power of leveraging to get the best Return on my Investment (ROI) by using the banks money
  10. The equity growth plus interest rate plus leverage advantage means this asset class will outperform 95% of other classes

Clive Bydawell is a registered Financial Advisor

How do you know if it is a Scam?

How many people do we know who have lost money because of certain get-rich-quick schemes? We have heard recently in the news how a number of very wealthy business men and women have lost millions in Ponzi schemes and we ask how can this happen? How do educated and experienced business men and women get caught up in scams, Pyramid and Ponzi schemes?

One way that you can tell if you are potentially being targeted by scamsters is to check your own emotions. The emotions of fear and greed are great internal sensors that should set the alarm bells ringing.

When I am presented with an investment opportunity, I check to see if I am experiencing strong feelings of greed or fear. Am I being pressured into a decision because of the fear of losing out on the expiring opportunity? Or is the presenter appealing to my sense of greed. In both cases I should exercise caution. Ask people whom you trust and get a second or third opinion. The old adage stands – If it is too good to be true, then it probably is.