Help me to Retire

Steve McKnight and the friendly crew over at propertyinvesting.com have set up a new free tool for us to use. It’s called Wealth Score and is basically for you to see how well you are doing financially. You input your current income, your personal assets, your investment assets and your debts and it will calculate a score for you. The score you get is the amount of days you could survive on your assets alone. Also given with your results are averages from others that have used this tool.

Wealth Score is a handy tool to help track your financial progress. I suggest you go back to it every 6 months to a year to make sure you are heading in the right direction for financial freedom.

Try it out now!

Someone / some entity has recently bet a large amount of money that global markets will fall between 30% and 50% before the 21st of September 2007.

Do these people know something we don’t know, or are they just covering their tails with the recent market volatility.

Have a read of the full article here.

Don’t get too caught up with the American fear tactics. Markets go up and down and over the long term always recover.

Happy Investing.

What do I mean by this?

A study recently completed proved that the smarter ones amongst us (IQ wise) where generally the same as the more average ones in the areas of net worth and financial distress. Interesting isn’t it? You don’t need to be super intelligent to get your self wealthy, you just need to start investing.
Investing really is a simple sport so being dumb is no excuse what so ever. And being too smart for you own good could hold you back over analysing. Learn what you can and give it a go. You’ll find it’s very forgiving over time and very rewarding.

To read the IQ article check it out here.

Theres not too many of us out there that can afford to pay cash for a property outright (even if we could, that’s not a good strategy but thats another story) so we all use finance (leverage) to help us on the way. So the fact we use finance and need finance makes it a very important part of our property investing. You need to know some of the main points on what to do to maximise your returns and this article from the Reno Kings identifies 3 main financial strategies that will help you maintain and reach your investing goals sooner.

They are:

1. Borrow to the Max
2. Pay Interest Only
3. Make Smaller Home Loan Repayments

To read the full article click here.

Just a quick one for everyone who downloaded the first call. The 2nd one is now available for download and you can get it here.

Once again some more great property investing information from Michael Yardney & Ed Chan

Check it out!

I found a great article on ‘things I wish I knew when I was younger’. It has some great tips for all you people out there who have a lot of living and learning left to do.

One of the points mentioned in the article is “Waiting to do something until you can be sure of doing it exactly right means waiting for ever”. This is the exact point I was talking about in my last article here on perfect timing.

There are a lot of great tips in this article, but one that I have found to be very true in recent years is the first tip they mention: “Most of it doesn’t matter”. When you think about that point and apply it to many areas of your life (especially towards negative people and all the fears you may have) you’ll be surprised by the freedom and happiness it brings you.

Give it a go and check out the article here