money - mindset - coaching

What Is Money?

Do You Have Enough Money?

When WIll You Know You have enough?

What Difference will Money Make to You?

Does Money Really Make You Happy?

"Australia is a nation of spenders and borrowers, not savers and investors.
Australian households spend over $10 billion more than we earn each year.
If we spend more than we earn, where does that money come from? It comes from borrowing more and from eating into our savings. The result is that we are carrying bigger levels of debt, there are more personal bankruptcies and there are more people relying on welfare than ever before.

These days it has become far too easy to spend money and to borrow money to spend even more. We are constantly being bombarded with offers of pre-approved credit cards, personal loans, lines of credit and mortgages.

Most people don't lack the motivation to spend and borrow less, and to save and invest more - it just seems so complex and difficult. Often they start out with the right intentions but just don't know what to do. It is our aim to simplify that - to make saving and investing as easy as spending and borrowing. So easy that anyone can use the information to build wealth for life. In fact, enough wealth that they can live the life of their dreams, without having to worry about money.

Why learn about money?

We can't help those less fortunate until we get our own finances in order

Money problems are a major contributor to marriage problems, resulting in family break ups which then produce more financial and emotional stress

Money issues consume so much of our time and energy - if we can solve the money issues we will lift a huge weight off our shoulders, freeing up the time and energy to think about more important things

To achieve our greatest potential, to become what we are capable of.

Australia is one of the richest countries in the world yet most Australians are struggling to convert that wealth into financial freedom. According to Treasury statistics, household savings in Australia have declined steadily as a share of disposable income since the mid-1970s, eventually becoming negative around the early part of this decade. Simply put, households are saving less but spending more.

The essential problem is that most of what were taught about money and wealth creation doesn't work today. In our parents or grandparents time they couldn't take on a mortgage that they couldn't afford, while nowadays you can get a mortgage you can't afford and the banks will help you do it; they couldn't get a car loan that they couldn't afford, today you can get a car lease that chews up half your income; they couldn't buy luxuries if there was no money left, today we easily rack up credit card debt; for them it was normal not to spend money you didn't have, today it is normal to spend money you don't have.

As average life expectancies increase - and with it the expectation of what we want to get out of life - we are facing new challenges and new pressures not experienced by previous generations. We need to generate sufficient income to finance 30 to 40years of retirement PLUS:

Pay off the mortgage

Pay off all other debts

Pay the kids universities fees and maybe buy them a car each

Help the kids get into the housing market

Buy the retirement 'treat' such as a boat or mobile home

Go on the trip around Australia or the world

Leave a legacy behind.

How much are you actually worth?
Here's a simple exercise. Add up all your investments. Don't include any houses that you live in, money that you have saved but is already allocated, your business if you work in it, and liabilities such as cars or boats.
Now subtract all your debts.
If the total of your investment assets exceeds your debts, then you have positive net investment assets.
If your investment assets barely cover all your debts you have some work to do.
It is possible to re-learn skills, systems and ideas about money, but you will need to change the way you think. It will take persistence, patience and willingness. Are you ready for the challenge?" From the Money Mindset Module of Beyond Success.

money - mindset - coaching