Help me to Retire

There is plenty of talk at the moment about the US dollar’s decline.

There is now talk of many countries abandoning the greenback.  Others are dumping large amounts and the rest are at least asking to be paid in Euros or Yen.

For some, like the guys at my work its time to hit amazon.com and buy up or make that trip to Disneyland as the Aussie dollar nearly equalises, but others know that there is financial shake up occuring that could upset markets world wide.

Interesting times ahead. Especially when people like Paul Nojin from Invest4Profit.com.au make predictions like the Australian Dollar is heading to $1.14 US.  I personally can’t see him being far wrong. I guess time will tell.

Short the US $ or Long the Rest.

Some more reading on the $US here

Check out Michael Yardney’s latest tele-seminar of his interview with wealth consultant Roger Hamilton.

Well worth a listen for all you budding investors out there.

You can grab the MP3 download of the session here 

How would you like hundred’s of years of investment advice from some of the greatest investors and smartest people ever scaled down to a list of twenty that you can read in a few minutes?  Sounds pretty good to me.

You are about to read some timeless advice from greats such as:

• Benjamin Franklin
• Warren Buffett
• Confucius

To warm you up here is one of the quotes: “The real key to making money in stocks is not to get scared out of them.”
-Peter Lynch
Well I won’t keep you any longer, head on over and read the full article here.

Well a lot of people start out waiting tables to earn a bit of extra cash during school or university and of course some people do very well out it as a career. But what exactly can being a waiter teach us about when in comes to business, entrepreneurship and money?

Well how about these six things:

1. People Skills - These Will Separate You from the Pack
2. Initiative -  Can Make You a Lot of Money
3. Don’t Allow Yourself to Get Overloaded
4. If You Make a Mistake… Fix it and Get Over it
5. Learn the Art of the Up sell
6. You’re in a Service Business, Period

Check out the full article here.  Some food for thought waiter…

Fancy some free guidance from our friends over at Invest4profit? Then it’s your lucky day.

In this free report the crew at Invest4profit give us some of their expected future directions and important price points on:

• The Australian Dollar
• Gold
• BHP Billiton
• Boom
• Fairfax
• Lihir Gold
• Oxiana
• Westpac

The info provided is good for longer term and short term investors, so head on over there now and check it out.

Well by the title of this post you may be a bit excited that you are about to play around and look at all the recommendations for free in the members area of the Invest4profit site…..  Well sorry, not quite.  But, what is provided for you is a 20 minute video  with Paul Nojin going through the members area bit by bit and showing you what you can find in there. And yes he does give you some  insights and views  on certain stocks and sectors.
Companies mentioned are: CBA, NAB, CSL, Oxiana, Harvey Norman, JB Hi-Fi, Equinox, Albidon, AMP, Asciano and Woodside.
If you are at all considering joining Invest4profit.com.au or are just interested to hear Paul’s comments on some of these stocks then head on over here and check out the video.

So what should you be doing today?

Well the greatest piece of advise I can give you is SOMETHING. Thats right, at least do something in preparation and start today as time literally means money when it comes to your retirement.  You have the basic things such as add as:

• Add as much extra $ into your Super / 401k plan as you can
• Look into salary sacrifice to top up your super before you pay tax on it
• Make sure you have some life / permanent disability insurance just in case - you have to think of your family! (Most super funds offer this free with their account.)
• Save up an emergency fund - enough to get by for several months

Then we have the more serious things you can do:

• Educate yourself - such things as reading this website - taking an investing course etc
• Get your self some property - or more property - and then some more
• Decide what path you want to take - either pay more off your home - or borrow to the max and buy more properties
• Start a stock portfolio or learn to trade or put some money into a high performing fund
• Invest in a business or franchise - remember work on your business not in it.

And my favourite:

• Stash some cash away that your partner doesn’t know about to get that toy you always wanted! ( I can’t be held responsible for recommending this one)

Our good friends over at International Living have provided us with a free e-book titled “To Have or To Lease: A Global Guide to Property Ownership Rules and Restrictions”.

This book gives you all the info you need on over 25 different countries.  Questions like: Should buy there? Can you buy there? What regulations are there? How do I buy? What entity’s can buy there? Am I better off to lease there?

All those questions and more are answered in this handy report.

Why not build a global property empire, you can get in on all the property waves and hedge your local risk.

Check it out here (PDF)

Micheal Yardney’s latest webcast on how to develop the mindset of a super successful investor is now available here (10MB mp3 file).
On this call, Micheal discusses what differentiates the average investor from the super successfull investor. And that thing? Most of the time is mindset. There might be something in your subconscious stopping you from achieving your potential that you don’t even know about. It is deffinetly a worthy place to dedicate some of your time to so check out the call now.

Micheal is also giving you a free copy of his ebook How to develop the Mindset of a Successful Property Investor.

Click here to get your copy (pdf)

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!