July 8th, 2010
How to Radically Improve your Finances
Some must think I’m crazy, but when the statistics show that more than 79% percent of South Africans (even high income earners) are under constant financial pressure, there has to be a need for a financial literacy course.
Money has got to be the most misunderstood subject you can ever imagine – for example, most of the hard working middle class will earn half of what they are earning today within 18 years because of the high rate of inflation (CPI, currently 4.6%, is for the AVERAGE South African who earns R4,486 per month) Most of the middle class are experiencing an inflation rate which is a lot higher than 4.6% and the consequences are very serious indeed. (watch the video for more information – see below).
Now I know that I have tried to use some marketing hype to raise interest for this course (I have said that “we can show you a solid investment strategy to help you make an additional million rand within 7 to 10 years) and we can – but this course is really about building “Healthy Finances” so that we don’t have to go through the pain of financial stress in our lives – instead of working hard for money, why not learn how to get money working hard for you.
The most important part of this course is to show you an investment strategy that the investment world does not want you to know about that can help the average South African radically improve their financial circumstances.
To watch the first lesson at no charge you will need to enter your name and some other information on our web page and we will send you an email with instructions on how to watch Lesson One. To go to this page please click here. (Watch the Video)
Win a Notebook* Win a Samsung N150 Notebook worth R5,000
We are interested in building a quality list of clients where we can offer our program and help them improve their finances. If you forward this email on to 5 or more of your friends (and put info@ifinplan.com in the Cc address line, so that we can keep track and choose a winner). We 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, asking them permission to join our newsletter (double opt-in). They can unsubscribe at anytime. The more people who join us, the greater the chance to win.
Kind Regards
Clive Bydawell
Registered Financial Advisor with Finlogic, an authorised Financial Services Provider (21739)
This entry was posted at July 8th, 2010 by Fame System Administrator, click here to read the full post.
June 30th, 2010
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
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.
This entry was posted at June 30th, 2010 by Clive Bydawell, click here to read the full post.
June 23rd, 2010
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.
This entry was posted at June 23rd, 2010 by Clive Bydawell, click here to read the full post.
June 16th, 2010
“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.
This entry was posted at June 16th, 2010 by Clive Bydawell, click here to read the full post.
June 9th, 2010
Well if I could purchase my own home, I would deposit this R1,000 every month into my access bond.
Because;
- I will effectively save R989,255 over 20 years at an average interest rate of 12%
- I will also pay off my home in 15 instead of 20 years (statistically most move homes every 7 to 9 years)
- I will get a tax free interest return on the R1,000 investment (cannot pay tax on a loan)
- This is a tax friendly investment (R1,500,000 Capital Gains Tax deduction on your own residence in South Africa in 2010)
- I will get a better bank interest rate (better than money market, government and corporate bonds)
- 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)
- The investment is low risk (property cycles rebound and it is not easy to steal it)
- My personal interest in my property means it will be well looked after – I am my best tenant
- I use the power of leveraging to get the best Return on my Investment (ROI) by using the banks money
- 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
This entry was posted at June 9th, 2010 by Clive Bydawell, click here to read the full post.
June 2nd, 2010
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.
This entry was posted at June 2nd, 2010 by Clive Bydawell, click here to read the full post.
May 26th, 2010
You can choose to blame others for your circumstances, or you can take advantage of the many opportunities that exist and turn your life around.
You can continue to choose to bear grudges and even seek revenge, or you can choose the higher path of forgiveness.
You can choose to love your neighbour, or you can choose to be indifferent.
You can choose to make your marriage work, or allow apathy to rob you of a wonderful life together.
You can choose to encourage your son, or allow your harsh choice of words to break his spirit.
You can choose to dream and make plans for your life, or you can allow yourself to serve someone else’s plans (this line from Brian Tracy)
You can choose to get out of debt and start building sustainable wealth, or you can continue to procrastinate and remain a prisoner in the rat race.
THE CHOICE IS ALWAYS AND ONLY YOURS
This entry was posted at May 26th, 2010 by Clive Bydawell, click here to read the full post.
May 12th, 2010
Most people believe that by concentrating on their careers and by increasing their income, they will fix the problem of not having enough money. So they are constantly looking at ways of advancing their careers and qualifications. They are working harder than ever on getting promoted, or looking for the next job with more pay.
The truth is that for most, focusing on your careers and the income from your job is not necessarily making you any wealthier because you are spending your gains on depreciating luxuries which keeps you prisoners of the middle class. In addition, Income tax, inflation and interest payments on your money are seriously handicapping your ability to create wealth from your income. You are focusing your attention and energy in the wrong place. Making a million in salary income (whether that be in a month, a year, or five years) and spending the same million in the same period, doesn’t make sense. You are just a consumer.
So, where should we be focusing our attention if we want to improve our financial wellbeing? Well the secret is to take about 5 to 10 percent of what we are making from our monthly salaries and convert this investment amount into buying appreciating assets. The kind of appreciating assets I am talking about are assets that pay you a constant, recurring and exponential income. Buying a two bedroom apartment at a bargain price in a good area that is experiencing excellent growth is an example of a great appreciating asset. My aim is to get a 90% mortgage on this property and get a good tenant to pay the mortgage payments.
And no I don’t live in a fools paradise or in fantasy land – there are thousands who are successfully achieving all of the above. If you want further information please contact me at clive@7yearwealthplan.com
This entry was posted at May 12th, 2010 by Clive Bydawell, click here to read the full post.
May 6th, 2010
Over the next few months I will be offering excerpts from the 7 Year Wealth Plan™ book (ISBN 978-0-620-43843-8). The book is almost ready to go to print.
The whole 7 Year Wealth Plan philosophy can be summed up in these 7 principles;
- Work towards a balanced lifestyle – Have the best of both worlds
- Learn financial wisdom – continually increase your financial knowledge
- Take control of what happens to your money – take responsibility for your financial decisions – turn your money from master to slave
- Cash flow is king – reduce debt, increase income and invest the difference (aim for 10% of income)
- Stay focussed – buy and finance assets not liabilities
- Protect your wealth – build a wealth fortress
- Have a charitable and grateful attitude – give something back
I will expand on these 7 principles with illustrations and examples in the coming weeks. I look forward to your comments as we go through these important wealth principles.
You are welcome to use all the material in the 7 Year Wealth Plan™ book as long as you give credit to us. In your credit line, please will you use the full 7 Year Wealth Plan URL – www.7yearwealthplan.com
Regards Clive Bydawell
This entry was posted at May 6th, 2010 by Clive Bydawell, click here to read the full post.
April 27th, 2010
There are two more compelling reasons why you should consider property to balance your investment portfolios:
This investment class attracts a tenant who’s rent covers 85% to 100% of the initial running costs of your auction property investment (mortgage repayments, levies, maintenance costs and property management fees). What this means is the tenant pays for your investment and will overtime, pay you an escalating rental income.
Some do not invest in property because they are afraid of renting to bad tenants. Bad news travels fast and we always hear about the 10 investors who have had bad experiences renting their properties, we rarely hear about the other 90 who have done well through their property investments. Remember, there are no risk free investments. We are more that willing to share with you the methods used by successful property investors to radically reduce property investment risk.
The second compelling reason is that property has always been a more tax friendly investment class, especially if your property investments are placed in the correct property trust structure. Property bought in a property trust which is setup correctly can save the investor considerably. This intricate information is best explained by our associate trust attorney in person.
There are two more compelling reasons why you should consider property to balance your investment portfolios:
This investment class attracts a tenant who’s rent covers 85% to 100% of the initial running costs of your auction property investment (mortgage repayments, levies, maintenance costs and property management fees). What this means is the tenant pays for your investment and will overtime, pay you an escalating rental income.
Some do not invest in property because they are afraid of renting to bad tenants. Bad news travels fast and we always hear about the 10 investors who have had bad experiences renting their properties, we rarely hear about the other 90 who have done well through their property investments. Remember, there are no risk free investments.
The second compelling reason is that property has always been a more tax friendly investment class, especially if your property investments are placed in the correct property trust structure. Property bought in a property trust which is setup correctly can save the investor considerably.
For more information email me – clive@ifinplan.com
This entry was posted at April 27th, 2010 by Clive Bydawell, click here to read the full post.
