Did you get excited when you read the subject of today’s blog?
If it was possible to simply look in the classified adds and find a guaranteed safe investment that returned more income than it cost each week (a money tree), how many would you buy? What if any bank would lend as much as you asked for to purchase these money trees with no limits? How many would you buy then? Would you take the lot? How long do you think they would last before they were sold out?
Why do you think that money trees do not appear in the classifieds (or anywhere else for that matter)? Logic tells you that if they did exist they would all be gone in the first few minutes and most people would miss out.
What does this tell you? If you ever look for a worthwhile investment you are probably going to have to exert a lot more effort than just opening the local paper.
Take a look at this from the other side. If you had grown a crop of money trees that you were going to advertise for sale in the classifieds, how much would you advertise them for? If it was me, I would offer them for an amount that gave the best return possible but still keeping them attractive to a few buyers.
Let’s face it. It is highly unlikely that you will ever find easy riches advertised in the paper or anywhere else for that matter. You are going to have to work a little harder and smarter than that!
Are you closer to having your own money tree now than you were a year or two ago or are you still trying to get around to looking for the shovel so you can dig the hole to plant it?
You know, now is the absolute best time to stop and look at where you home budgeting is up to and where you are heading into the future.
I spend my days looking for ways to help people improve their financial direction and I have helped thousands of people do that. I can assure you that if you want to change your financial future the first step is to get a handle on where you are right now.
I have a large group of people working their way through a 12 month program called Simple Wealth Steps and the first step I take people through is all about getting clear on where they are currently at on a few different levels.
To give you an opportunity to also start this process I have placed a calculator on my web-site for your use at computer it will most likely open straight away. Just save it to your hard disk drive using the ‘Save as’ command under the ‘File’ menu. If you use a Mac computer you should be able to open it using the equivalent Mac spreadsheet software.’
You should save it to your desktop or somewhere else easy to find because I want you to revisit it at least 4 times this year and hopefully more often so you can monitor your progress closely.
I would like to be able to say this time next year that I helped you get your Money Tree planted and shooting nicely, or if you already have one, that I helped you get it growing better and this simple task is a great place to start.
If financial security is important to you I recommend you take the time to check out www.simplewealthsteps.com. I will help you get serious about pushing your ‘financial future’ to higher levels.
It’s funny really. I have been offering to help people with their day to day finances for so long I have almost forgotten how difficult it can be for someone who needs help but does not know who to trust or where to start looking.
When you are broke of course you need help, but the problem is, help will come at a cost and because you have no money you decide to go it alone. The outcome is that you stay stuck in the same place. It’s a conundrum or some call it a catch 22. Whatever you want to call it it is a difficult place to be. And even if you are not broke but you know you want to do better, in a way the same thing still goes on in your head.
The thought process goes like this; You want to improve your finances. This bloke is offering to help but who’s to say he will actually make things better? You remember your friends joke about when Mr Money met Mr Experience…. Mr Money got the experience and Mr Experience got the money! You decide it’s all too hard and you’re no better off.
Of course if it was easy, everyone would have their wealth plan all worked out and nobody would have financial stress in their lives. My experience has been that creating wealth is simple but it is not necessarily easy. The problem; we are all human and often struggle to do what we know we should do because we prefer to do what we want to do!
I’ll leave you to ponder that. Have fun filling in your net-worth spreadsheet. It will definitely help you get started and it’s free!
That’s all for today.