An Adaptation from John Burley's "7 Steps to
Financial Freedom"

Australia's Money Secrets of the Rich; John R Burley with Bruce Whiting; 2000 Treasure Chest Unlimited, Inc.

Investment opportunities to secure your financial future through investment in Queensland property, residential real estate, securing your own home ownership, in joint venture Queensland property investments, and i-Commerce business ownership.

You are only to well aware of your current financial situation. You may just be aware that it is a struggle, constantly. It may be just a few days short of the month’s end when the money runs out. You have created it from yesterday’s decisions.

You want it to be better. You need to understand where you can improve your money management skills, establish some discipline, or reduce your debt. Oh, and of course you want to do it without any compromise to your lifestyle.

“You create your financial future from the
 decisions you make from today.” Fact!

To put it in a nutshell, there are seven basic steps or principles to build wealth according to John Burley, and many others. Obviously, you can only start from where you are now. By continuing to do what you have been doing, without support or a coach, your strategy is likely to continue to deliver the same results.

By learning financial management, and improving your money skills; by fully investigating and applying our home ownership or property investment strategies; by committing to establishing and growing your own i-Commerce business; you can secure your own financial future.

“Change nothing, and your situation will continue
to deliver the results it has, or get worse.” FACT!

The 1st Questions to seriously consider when you decide on a wealth creation pathway is “Where does my money come from?” We suggest you write your answers down, or start a workbook, as you go along! Get the “My Income and Future Finances” Worksheet from the Resources Library.

There may be “the job” which delivers some or all of your income, your money. There may be your “business” as a professional, a shop keeper, a plumber. We don’t know, but the principles remain the same.  We think some other important aspects of income generation and what the “capital base” for your income can be, include: -

Real estate property rental might be included for income. The property capital base from which income is earned from can be calculated. A conservative estimate for rental property is a return of 5% of property value per annum as rental income, after costs.

Independent i-Commerce Business Ownership with establishment costs at less than $500.00, plus reinvestment of the first one to six months returns, plus the overhead costs per month (paid for out of gross profits) can deliver an income stream of a genuinely passive nature.

Superannuation is considered an excellent vehicle. Between the government taxation changes, the fluctuations in equity markets, and the variable commissions paid to funds managers, returns on superannuation can become a little uncertain looking ten or twenty years ahead.

Many retirement planners suggest we should be tucking away 15% of our income above employer contributions (currently 9% OTWE) to superannuation for 20-30 years to fund our retirement.  Grab our “Retirement Fears Report” from the Resources Library which looks at the startling facts.

The share market is another major consideration for many people. That is income from dividends paid, without actually selling the shares and reducing their capital base?

Cash accounts, cash management accounts, term deposits or saving enough to retire on are considered inappropriate because rates are so low, and show every indication of staying very low for some time.

Therefore, you are left to ponder just how much are you currently paying yourselves from your current income to achieve an enduring, sustainable retirement income?

FBP and Associates suggest, offer and support wealth creation strategies to grow it! You have access to resources, guidance and encouragement. In our experience that is all a lot of people need. Some positive reassurance, some personalised planning, encouragement, some accountability factors through a coach or mentor, and they do the rest themselves!

Every dollar consumed (spent) can never again earn another dollar for you unless it is spent in building a business or acquiring an asset which appreciates in value over time.

“All money knows how to do is be consumed OR
earn more dollars!”

Some pundits suggest that to be truly financially independent and self funded as a retiree, we should aim to live off the interest paid on the interest paid on our capital base of shares, property, bonds, etc! They generally ignore the capacity to build a business which has passive income returns to the original business owner who built it! Read Robert Kiyosaki’s and other’s books for details, and contact us to get started!

If you are a little concerned or would like to do something about what you’ve discovered talk with an informed financial planner or adviser. Talk with a practice accountant. Do some more research on the internet. Listen to what government says about what Australia is going to be like in the future! Think about, and discuss, why it is the government is already lifting the retirement pension age for women. Why is government talking about raising the retirement age for everybody!

Consider your options to improve your future!

FBP and Associates are your exclusive buyer’s agent for Queensland property investments, enhanced property investment acquisition strategies, and a referral agent for i-Commerce businesses.

Contact us now!