Tagged: how to build wealth

Real Estate Investing for Financial Freedom

Michael Yardney, a director with Metropole Property Strategists, offers property advice and advocacy to his clients.  In this featured article, Mr. Yardney gives us an interesting analysis of how the wealthy tend to make their money.  

As you will see, the wealthy do some things very differently from the rest of the population that helps to increase their wealth.  Geared towards property investing specifically, Michael explains these differences in this edition of Financial Freedom News.  FFN Editors

Why property investors develop financial freedom

Friday, 06 September 2013 08:19

Michael Yardney
Why property investors develop financial freedom
 Let’s be honest, most of us want to be rich and many of us are fascinated by those who already are.

How did they do it? How can we do it too?

The truth is wealthy people don’t do different things; they just do things in a different way – from the way they think to the actions they take.

I’ll let you in on a little secret – not everybody has to work hard for their money.

People who own businesses have employees who are willing to work for money, whereas the business owner generally has his money working for him. The same is true for investors, their money works for them.

It’s called passive income. Being a property investor or a business owner is like owning the proverbial money tree – you control something that makes money for you, without the need to even be there.

In his Rich Dad, Poor Dad series of books, Robert Kiyosaki explains how the rich differ from the poor. It’s not just because they have more money. The main difference is how they think about and interact with their money and that when it comes to how people make money, we can all be placed in one of four categories.

1. The employed – have a job

Employees trade hours for dollars; however, what they really get are leftovers – after the government takes its share in taxes.

“So what? They do that to everyone!” you may be thinking.

Well no, they don’t. Business owners and investors only pay tax on what’s left over after their bills are paid.

Wouldn’t it be nice to only have to pay tax on what you don’t spend?

2. The self-employed – own a job

Self-employed people and professionals usually want to be their own boss. They’re prepared to work hard, but often what they’ve done is swap one boss for hundreds of bosses – customers or clients.

In reality, self-employed people aren’t business owners – they still work for their money, but they’re somewhat better off than employed people because they’re able to take advantage of tax deductions that allow them to pay their business expenses before being taxed on what’s left over.

3. The business owner – owns a system and people work for them

The true business owner not only doesn’t have to work, he doesn’t have to be at work every day, because he has a system and people to do it all for him, and possibly even supervisors to manage his workers.

The true business owner asks, “Why do it yourself when you can employ someone to do it for you?”

After initially investing in a business idea, and a business system, they let the money they have invested – which is now in the form of a business – work for them.

4. The investor – money works for them

Investors don’t have to work either, because their money works for them.

If you hope to become rich at some point, you have to belong to this group; because investors convert money into wealth.

Obviously, you’re not going to jump from being an employee to a full-time investor overnight. But you can start taking the steps to move from being an employee or self-employed, by building your own property portfolio.

Done correctly, income-earning residential real estate can be your vehicle for getting out of the rat race!

There are also many legal tax advantages available to investors. One of the reasons the rich get richer is that in some cases, they make millions and legally pay very little tax. That’s because they build their assets, not their income and make their money as investors, not workers.

Imagine you own investment properties worth $1 million that increases in value by 8% each year. In 12 months your asset base will have increased by $80,000, yet no tax is payable on this. Wealthy property investors can borrow against the increased value of their assets and use the money to reinvest or live off.

Where do you stand?

Which category do you fit in? Are you an employee, self-employed, a business owner or an investor?

In the past there has been a slow but steady transfer of wealth from employees and self-employed to business owners and investors. They’re all playing the same game, but each group is playing with a different set of rules and their mindsets are poles apart.

Employees and the self-employed work harder and harder, trying to build cashflow, yet many dig themselves deeper into a hole of consumer debt.

In the meantime, business owners and investors slowly build up their assets. The employed and self-employed pay the most tax, while business owners and investors take advantage of legal tax loopholes.

Logically, if you want to become wealthy you are going to have to become either a business owner or an investor. It’s just too hard to become rich as an employee or self-employed worker.

Does that mean you should give up your day job?

Not necessarily. Many employees have become very successful investors – in particular, property investors.

So rather than relinquish your job, I suggest you start educating yourself with the aim of becoming a property investor – initially in your spare time and then maybe, if you choose, on a full-time basis.

Should you become a business owner?

Most small businesses fail in the first five years.

In general, I think the opportunity to become rich through successful property investment is much easier for the average Australian. That’s why I recommend you seriously consider making your fortune as an educated, financially fluent real estate investor who treats their property like a business.

(Michael Yardney is a director of Metropole Property Strategists, who create wealth for their clients through independent, unbiased property advice and advocacy. Subscribe to his Property Update blog).                                                                                                   

Let us know your thoughts regarding this information in the Reply section below.  Also, please click “Like”  and “Share” us with others who may be interested in achieving financial freedom.

(Disclaimer: The views expressed in this article are strictly those of the author.  They do not necessarily represent those of FFN.  Please use due diligence prior to applying the concepts and recommendations and/or in purchasing products or services from the author.)  FFN Editors


Don’t Retire, Strive for Financial Independence Instead, Part 2

Our featured writer, Richard Eisenberg, continues his analysis of the benefits of planning for financial independence instead of retirement.  This, the second part of his article, includes a review of several retirement calculators. These calculators can give you a sense of what sort of capital is needed in order to realize the type of retirement you wish to have.  As you will see, not all calculators are the same.  So, choosing the right one is important. FFN  Editors

Plan For Financial Independence, Not Retirement (Continued)
Richard Eisenberg, Contributor to Forbes Magazine, Personal Finance Section (www.forbes.com)

Two Types of Retirement Calculators

If you’re trying to figure out your Financial Independence day, should you bother using an online retirement calculator? I think it depends on the tool.

Most retirement calculators are actually best for people in their 20s, 30s and early 40s who have years to save furiously once they see their “number.” The electronic number crunchers typically ask few questions, partly because younger people can’t possibly determine for sure their retirement income sources or expenses.

“When you’re further away from retirement, these calculators are directional in nature,” says Kent Allison, a PwC partner and leader of the firm’s financial education practice, based in Florham Park, N.J. “When you get closer to retirement, you really have to get into a nitty-gritty cash flow analysis.”

He’s right. If you’re three to 10 years away from retirement, that’s the time to figure out where the money will come from to cover what Pat O’Connell, executive vice president for the Ameriprise Advisor Group, calls the three types of expenses:

Essential expenses that’ll be covered by guaranteed income sources, like bonds, Social Security and a pension.
Lifestyle expenses purchased with money from your investment portfolio.
Unexpected expenses, like health care and long-term care costs, paid for out of your emergency savings fund.
Three Good Calculators for People 50+

There are, however, a few excellent calculators – not always free – that are specifically geared for people in their 50s and 60s. They can help you firm up a retirement cash-flow analysis.

One is Retirement Works2 for You, created by retirement adviser Chuck Yanikoski primarily for what he calls “nonaffluent people trying to play their cards as smartly as they can.” It costs $189 for the first year; annual renewals are $44.50.

RW2, as it’s sometimes called, asks a lot of questions; Yanikoski says you should plan to spend one to three hours answering them. (“Retirement is an extremely complicated thing,” he says.) But the results can be valuable.

As soon as you input your data and answer the questions, you’ll get an online report card with retirement planning advice and letter grades telling you how well you’re set under “normal” circumstances, if you live an extra long lifetime, if your investments don’t perform well, if inflation shoots up and if you run into high medical expenses, including long-term care.

You’ll also see how your cash flow would be affected if you delayed retirement and lowered your standard of living.

Two other calculators worth considering:

The free Ballpark E$timate from the Employee Benefit Research Institute’s Choosetosave.orgsite and the American Savings Education Council; Next Avenue has a link to the Ballpark E$timate calculator.

E$Planner, created by Lawrence Kotlikoff, an economics professor at Boston University. There’s a free version of E$Planner Basic as well as one that costs $40, with “what if” investment scenarios and Social Security options. The downloadable $149 product also offers “retirement spend-down” strategies, helping you determine how much to withdraw from your portfolio.

Use an Adviser to Plot Your Findependence

Whether or not you use a calculator to come up with your Financial Independence Day, I strongly suggest you work with a financial adviser to run the numbers.

“The decisions are major,” Allison says. “A wrong one could cost you a lot. So even if you don’t normally want to spend money on a financial planner, this is the one time to do it.”

Richard Eisenberg is the senior Web editor of the Money & Security and Work & Purpose channels of Next Avenue. Follow Richard on Twitter @richeis315.

(This article is available online at: http://www.forbes.com/sites/nextavenue/2013/07/01/plan-for-financial-independence-not-retirement/)

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Let us know your thoughts regarding this information in the Reply section below.  Also, please “Like” and “Share” this article with others who may be interested in achieving financial freedom.

(Disclaimer: The views expressed in the above article are strictly those of the author.  They do not necessarily represent those of FFN. Please use due diligence prior to applying the concepts, recommendations and/or purchasing any products or services offered by the author).  FFN Editors

10 Financial Freedom Lessons You Can Start Applying Today

Given the challenges in achieving financial freedom, here are 10 lessons from Street Smart Finance that can help keep you on track.  These are seminal recommendations taken from 10 different financial management thinkers.  They represent the best thoughts on the financial independence process and broaden the range of expert knowledge available to us. 

Let us know your thoughts in the Comment Section below.  Also, please “Like” and “Share” this information with others interested in achieving financial freedom.  FFN Editors

Achieve Financial Freedom: Awesome Lessons to Spruce up Your Finances
Posted by Shilpan for Street Smart Finance (www.streetsmartfinance.org)

“An investment in knowledge always pays the best interest”. — Ben Franklin

Achieving financial freedom is no small feat to undertake. Bogeyman is around the corner to snatch up your money before you even know. Even brightest among us face peril of losing wealth, if few major bumps come along the way.

How can you achieve financial freedom amid the ocean of financial information to explore? If you’ve felt hapless finding your safe harbor of financial freedom, you’re not alone!

Isn’t it a fabulous idea if you can get valuable advice to achieve financial freedom from 10 brilliant articles of financial wisdom on the blogoshpere? Of course, it is.

1. Saving money is the key to achieve financial freedom

The first step is to save aggressively. I’ve been saving 50%-75% of my after tax income every year for the past 13 years. I try not to be a miser and have done my best to try to spend money on things I enjoy e.g. vacations, food, a home, and tennis. Where I did “sacrifice” was not buying higher-end new cars (all but one were second-hand and under $20K) and going on less exotic vacations. Amanpulo I’m coming for you eventually!                     www.FinancialSamurai.com

2. Live Modestly

A lot of rich people constantly stress about their financial situation, all the while spending like there’s no tomorrow. If you’re making $500,000 this year and spend $400,000, you’d better hope that the economy doesn’t crash because once you’re out of a job, good luck funding that $400,00 a year hole in your pocket. By living modestly, you can relieve your stress and sleep well at night. Ostentatious living creates stress over your bills. – www.ModestMoney.com

3. Become a Renaissance man

What does becoming a Renaissance man mean? Think of a man like Leonardo da Vinci. Not only is the man famous for his inventions and scientific studies, but he is also one of the most famous painters of his time. His talents and interests were broad and deep, and there was no shortage of things to work on and explore. – www.InvestItWisely.com

4. You can’t go wrong with an Index fund

A portfolio of 100% stocks, which is what VTSAX(Vanguard Total Stock Market Index Fund) gives you, in study after study provides the greatest return over time. The only downside, and I mean only, is that the ride will be very rough at times. Admittedly, it’s a big one. If you are not tough enough to stay the course, if you get scared and bail when the storms are raging you are going to drown. But that’s a failure in you, not a downside of this asset class. – www.jlcollinsnh.com

5. You are responsible for your financial destiny; choose well

It is widely believed that small changes, practiced regularly, lead to out-sized results. Many great accomplishments began with tiny actions, implemented again and again. There’s research supporting the financial and personal benefits of quite a few of these habits. – www.barbarafriedbergpersonalfinance.com

6. Ordinary people can do great things too

I used to think that only geniuses and superheroes could achieve fantastic things in life. Or, at the very least, I felt that to have any success you had to be a totally go-getting, risk-taking, all out entrepreneurial maverick. At heart, I’m a cautious, down-to-earth kinda guy. My personal experiences, though, have shown me the potential that comes when you take positive action – even if it is only one step in the right direction. Extraordinary things are happening around us every day … all achieved by ordinary folk like you and me. — www.Vividways.com

7. Learn to invest in dividend growth stocks

The goal of Dividend Growth investing once retired is to maintain and grow your income from the dividends your portfolio produces. You maintain steady uninterrupted monthly retirement income as long as collectively your stocks will continue to produce 4% or more income annually and the dividend is not cut. – www.SeekingAplha.com

8. Think like a hamster, live like a hamster

Think less about money, more about time. Stop thinking of physical possessions in terms of money and start thinking of them in terms of time. Mentally convert money into minutes and you’ll achieve financial freedom faster. – www.FreeMoneyFinance.com

9. Save as if you were a 60 years old

Three things saved us: 1. Our unwavering 50% savings rate. 2. Avoiding debt. I’ve never even had a car payment. 3. Finally embracing the indexing lessons Jack Bogle perfected 40 years ago. – www.Mr.MoneyMustache.com

10. Learn from the Greatest Investor

Making money isn’t the backbone of our guiding purpose; making money is the by-product of our guiding purpose.” If you’re doing something you love, you’re more likely to put your all into it, and that generally equates to making money. – www.WarrenBuffett.com

Achieving financial freedom is all about developing mind-set to develop laser sharp focus on every aspect of your financial health. If you follow these articles of financial brilliance, you will be well on your way to the road of prosperity and happiness.

Disclaimer: The views expressed in the above article are strictly those of the author.  They do not necessarily represent those of FFN.  Please use due diligence in applying any concepts, recommendations and/or in the purchase of products or services from the author). FFN Editors

How to Reduce Your Risk When Investing in the Financial Markets

When investing in the financial markets, managing risk is a critical factor.  How to accomplish this is a widely debated topic.  Our featured presentation from the Wealth Directions Channel (http://GetWealthDirection.com), offers an approach which uses stock options as a vehicle for risk reduction in investing.

Options use for the average investor gets mixed reviews.  Some swear by it, others feel it’s too complicated and therefore unacceptable for the average investor’s needs.  However, the presenter asserts that stock options need not be that difficult. He suggests a 3 step process to make options a viable tool in the financial freedom seekers arsenal.

Let us know your thoughts in the Comments section at the end of this page. Also, please “Like” and “Share” this information with others who are interested in achieving financial freedom.  FFN Editors

(Disclaimer: The views expressed in the above video are strictly those of the presenter.  They do not necessarily represent those of FFN.  Please use due diligence prior to applying any of the concepts, recommendations and/or in purchasing products or services from the presenter).  FFN Editors

How to Trade the Forex Market for Financial Freedom

Tim Bennet with Market Week gives an excellent overview of the trading issues in the foreign exchange (forex) market.  As Tim point out, the Forex market is the largest market in the world for investors and traders. 

Knowing the investing terrain is in this market is critical.  It’s huge, fast-paced and filled with some of the best and brightest traders.  However, there is room for the smaller trader, as well.  Here is a primer on how to participate.

Let us know your thoughts about this information.  Also, please “Like” and “Share” this post with others interested in achieving financial freedom.

(Disclaimer:  The views expressed in this video are strictly those of the presenter.  They do not necessarily represent those of FFN.  Please use due diligence prior to applying the concepts, recommendations and/or in purchasing any products or services offered by the presenter).  FFN Editors

The Best Books for Investors to Read. Learn to Earn for Financial Freedom.

Tim du Toit, founder, analyst and writer for Eurosharelab, shares his top picks of the best investment books to read. If you are currently investing in the financial markets or have entertained a desire to invest, you are probably familiar with many of these titles. However, Tim has taken a lot of the guess work out of deciding which books are the best of breed. (See: Bio below)

So, while not comprehensive and strictly Tim’s view on the matter…the nine books he features are certainly worth the time and energy to peruse.

Let us know what you think of this article in the Comments section at the end of this page.  And, please “Like” and “Share” this with others you think may be interested in achieving financial freedom.

“Nine books every investor should read”

by Tim Du Toit, for Eurosharelab,

This article is a list, in no particular order, of the best investing books I have read and the ones I think you will find the most helpful.

Why nine books?

I looked at all the books on my book shelf and audio device and these were the ones I found the most valuable. I would have liked to make the list ten but could not find another that I thought would benefit you as much as the books I had already selected.

Besides, nine books to read does not sound as intimidating as ten.

For inclusion on the list a book must pass the “dog ear” test. When I find something worthwhile in a book I fold the page and mark the text with a pencil. Thus the more folded pages a book has the more valuable it is.

For the best prices look for the books used at Amazon or if you commute or drive a lot, buy them from Audible (www.audible.com) so you can listen to them on your mobile device.

A word of warning. Audible uses its own software that has to be installed on your mobile device, so before buying make sure your device is supported.

The Little Book that Still Beats the Market

by Joel Greenblatt

Hardcover: 183 pages

ISBN-10: 0471733067

ISBN-13: 978-0471733065

Don’t let the title of this book fool you. It’s written in an easy to understand way by an outstanding hedge fund manager, Joel Greenblatt, who is also an adjunct professor Columbia Business School.

You can easily finish it over a weekend and probably not think the same about investing thereafter.

I would classify this as one of my must read value investing books

What you will get from this book:

•It will teach you a statistically tested investment strategy with an excellent track record

•It will explain it in easy to understand way

•It will show you how to implement it in easy to understand steps

•It even had a website where you can easily find the companies to invest in (unfortunately in the USA only)

You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits

by Joel Greenblatt

Paperback: 304 pages

ISBN-10: 0684840073

ISBN-13: 978-0684840079

This is the first book by Joel Greenblatt.

Do not let the unusual title of the book fool you, it has a lot to offer.

It extensively covers often overlooked areas of the stock market where profitable investment opportunities can be found.

It is not such an easy read as The Little Book that Still Beats the Market but a worthwhile book for more advanced investors.

What you will get from this book:

•You will be introduced to profitable investment areas such as, spin-offs, mergers, risk arbitrage, restructurings, rights offerings, bankruptcies, liquidations, and asset sales, which are not usually considered by the average investor
•It will give you the best places to look for these ideas and also where you can find good ideas you can copy, but you still need to do your own homework

The Little Book of Value Investing

by Christopher H. Browne

Hardcover: 208 pages

ISBN-10: 0470055898

ISBN-13: 978-0470055892

This book also has a title that may let you overlook it, but don’t.

It is written by the partner of probably the best value investment fund managers in the world Tweedy Browne (www.tweedy.com).

It’s also a book that you can finish over a weekend. It will teach you the ins and outs of value investing in an entertaining and easy to follow way.

What you will get from this book:

•The book is the distilled wisdom of a successful investor
•It will explain value investing, a method of buying undervalued stocks, in an easy to understand way.
•The book is written in an easy to understand way making it suitable for beginners and advanced investors
•It is an easy read that can be finished over a weekend. Implementing the principles will take a lifetime
•Ample use of examples and historical case studies is used to illustrate points

The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel

by Benjamin Graham

Paperback: 640 pages

ISBN-10: 0060555661

ISBN-13: 978-0060555665

Since it was first published in 1949, this book by Benjamin Graham the father of value investing, has sold over a million copies.

Warren E. Buffett called it “the best book on investing ever written.”

Look for the Revised Addition with commentary on each chapter and extensive footnotes prepared by senior Money editor, Jason Zweig which has updated the book to fit with the current markets.

This is a value investing classic and another one of my must read value investing books.

What you will get from this book:

•Value investing explained in its purest sense
•Explains how to make unpopular but profitable investments
•Explains the psychology of investing
•Clearly explains how Wall Street works and refutes investment falsehoods
•Gives you a clear check-list to follow when making investments

Contrarian Investment Strategies – The Next Generation

by David Dreman

Hardcover: 464 pages

ISBN-10: 0684813505

ISBN-13: 978-0684813509

David Dreman is a long-time fund manager and columnist for Forbes magazine.

He is one of Wall Streets best-known and most articulate contrarian (going against the crowd) investors. This book is an updated version of his 1982 book and includes recent research on investor psychology.

What you will get from this book:

•Investment research explained and combined with how to practically pick winning investments
•You will be shown how going against the crowd adds to your investment returns
•In clear how-to terms be shown how to apply the ideas in the book
•Scientific proof why all forecasting is a waste of time
•Learn how to override your natural tendency to under-perform the market

The Dhandho Investor: The Low – Risk Value Method to High Returns

by Mohnish Pabrai

Hardcover: 208 pages

ISBN-10: 047004389X

ISBN-13: 978-0470043899

Mohnish Pabrai is a disciple of Warren Buffett having directly copied his investment partnership structure and investment method.

This book is a worthwhile read giving the reader good insights into value investing principles and the idea of heads I win, tails I do not lose much.

The book is filled with easy to understand examples and written in an easy to understand way.

What you will get from this book:

•Learn how to invest in companies with little downside and lots of upside
•Gives you a keep it simple framework for investing
•Learn how to stack the odds in your favour when investing
•Gives you a plan on when to sell

One Up on Wall Street: How to Use What You Already Know To Make Money in the Market

by Peter/ Rothchild, John Lynch

Publisher: Simon & Schuster (April 3, 2000)


Until retiring in 1990, Peter Lynch was manager of the very successful Fidelity Magellan Fund, America’s biggest mutual fund.

David and Tom Gardner from Motley Fool (www.fool.com) called Peter Lynch the second greatest investor in the world after Warren Buffett.

In this book Peter Lynch explains in a straight forward way that investment opportunities abound for the layperson by simply observing business developments and taking notice of your immediate world, from shopping in the mall to the workplace.

The book has been a national best seller in the USA for good reason. It offers valuable insights in an easily understandable way.

What you will get from this book:

•It will tell you how to beat Wall Street by using information gained from everyday life
•Learn how you have the same opportunities as professional investors to make money in the stock market
•Learn what information you must focus on and how to apply it
•Learn why you really know more about investing than you think

The Essays of Warren Buffett: Lessons for Corporate America, Second Edition

by Warren E. Buffett (Author), Lawrence A. Cunningham

Paperback: 296 pages

ISBN-10: 0966446127

ISBN-13: 978-0966446128

Over the years I have read, listened to and looked at numerous books on Warren Buffett. This is the best one I have read and I recommend it wholeheartedly.

If you want to read only one book on Warren Buffett this is the one to get.

I have the first edition but suggest you buy the second edition with added material.

What you will get from this book:

•The summarised and categorised wisdom of Warren Buffett’s business and investing teachings
•Investment and business success explained in a straight forward manner everyone can understand
•The secrets to investing explained in an easy to understand way

Value Investing Made Easy: Benjamin Graham’s Classic Investment Strategy Explained for Everyone

by Janet Lowe

Paperback: 224 pages

ISBN-10: 0070388644

ISBN-13: 978-0070388642

This book is another excellent introduction to value investing.

It clearly sets out the main tenets of value investing with reference and quotes to Benjamin Graham and Warren Buffett.

An excellent book for beginners with a summary of Benjamin Graham’s value investment and analysis principles as found in his book Security Analysis.

What you will get from this book:

•Value investing explained in an easy to understand way
•A step by step guide how to apply value investing when investing
•How to manage risk as well as do well irrespective of what the market does
•A practical how-to guide to value investing

More Than You Know: Finding Financial Wisdom in Unconventional Places

by Michael J. Mauboussin

Hardcover: 320 pages

ISBN-10: 0231143729

ISBN-13: 978-0231143721

Michael Mauboussin is the chief strategist at Legg Mason a well regarded US based fund manager.

This book is a compilation of his strategy reports, most of which begin with diverse scientific findings, then show why and how you can apply it to your investment activities.

While not directly an investing book it is a book that will help you in your investment decision making.

What you will get from this book:

•The explanation of how scientific findings relate to investing
•Learn a multi-disciplinary approach to investing
•Why financial television should be watched for entertainment value only
•How you can simplify your investment approach while still maximizing your returns

Your reading analyst

Tim du Toit

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Meet the Expert
 Tim du Toit

Tim, the founder and editor of Eurosharelab, was born in South Africa in 1967.

After school he wanted to become an electrician. Well, he wasn’t sure of what he wanted to do and his dad said a friend had an electrical contracting business and was making a lot of money. He quickly changed his interest to investing after completing a stock market correspondence course that fascinated him. 

When Tim started investing in 1987 he made virtually every investment mistake you can think of until he realised that investing was not a recent human activity and that there must be some good research and books about what has worked in investing. Not in the short term but over long periods of time in up and down markets.

So for over the next 20 years he did exactly that. Reading and studying every article, research paper and book he could find to help him improve his investment performance. Something he still does.

In between his investment activities Tim completed a Bachelor of Commerce (cum laude) and Honours degree in financial management from the University of Pretoria in South Africa. And an MBA degree in finance and strategic management at Indiana University in the USA in 1995 where he graduated in the top 10% of his class.

Tim lives in Hamburg a city he says is the most beautiful (and unknown) city in Germany. 

(Disclaimer: The above views are strictly those of the author.  They do not necessarily represent those of FFN. Please use due diligence prior to applying the concepts, recommendations and/or in purchasing products or services from the author). FFN Editors

The Major Reasons Why People Don’t Become Wealthy

Self help guru and wealth creation coach, Brian Tracy, has shared many words of wisdom over the years. For the financial freedom seeker, this presentation discussing the reasons why most of us don’t become wealthy is especially pertinent.

One of the key reasons is that many people never think in terms of being wealthy. It’s simply not part of their self-image, their belief about who they are.  Mr. Tracy addresses this issue and others in this post.

Please click “Like” and “Share” this post with others you think may be interested in increasing their wealth and financial independence.

(Disclaimer:  The views presented here are strictly those of the presenter.  The are not necessarily those of FFN.  Please use due diligence in applying the concepts, recommendation and in the purchase of products and services offered by the presenter)  FFN Editors