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A WEALTH of Information - HERE at the Wealthy Minds Archive CenterThis password protected page of www.turn-debt-into-wealth.com will archive all the past issues of the "Wealthy Minds" newsletter. Each past issue will be listed in chronological order with the most recent issues at the top of the page and the older issues descending towards the bottom of the page. It is hoped that members will find this a useful resource for all the back issues of "Wealthy Minds." NOTE: For the CURRENT issue of Wealthy Minds Newsletter please refer to the MEMBERS' page. (Don't forget to enter your password!)
Wealthy Minds Newsletter Vol 1 - January 2007who want to experience more by doing more, being more and ultimately, having more. Volume 1 - First issued January 2007. [ YOU MAY PREFER TO PRINT THIS NEWSLETTER OUT. Find a quiet spot and study it. Underline the parts that are important to you and TAKE ACTION. Nothing comes to the quiet thinker who does nothing with his or her knowledge. I have added what I consider to be "CRITICAL POINTS" along the way. This newsletter contains 5,042 words and requires 12 pages of standard size print to run it off. See COPYRIGHT notice at the end of the newsletter. ] Welcome to the very first issue of what I hope will be many issues of the "Wealthy Minds" newsletter. You are now in the password protected PRIVATE MEMBERS' area of www.turn-debt-into-wealth.com - a new website dedicated to bringing you news, ideas and techniques on wealth creation. This newsletter may look like a sales letter but it is not. All that you will find in this restricted area is 100% pure INFORMATION to help you build wealth. That's it. Note: Please ensure that you retain the password. If you click off this page you will need it to re-enter. As you may be aware I created another website several years ago called www.motivationselfesteem.com. This new site is an expansion of the wealth section of that site. I have decided to take on the subject of debt versus wealth as a separate issue. You may be wondering why. OK. I'll tell you. It's because the issues of debt, wealth and money are at the forefront of almost everybody's existence. It has to be - everything is getting more and more expensive, and at an exponential rate. The scarcity of finite resources like land and oil and even water is driving up prices as more and more people demand them. Classic economics - supply and demand. Prices always go up when demand outstrips supply. Never in the history of mankind have prices risen as they have done in the last few years. With so many "players in the game," the winners will be those who not only KNOW the rules of wealth but MAKE the rules of wealth. So, here is your first question - do you know the rules of wealth creation? With this newsletter I sincerely want to give you hope for a better financial future. I'll be blunt. I hope you don't mind. I don't shirk issues. For most people that means more money. Along the way I will give you some personal examples of things that I have experienced and tell you about some knowledge that I have on the trials and tribulations of others. This will allow you to identify with some common concerns. What you will get here will be pithy information. Sometimes it will hit a raw nerve. And I will break with my conventional style. I intend to break certain laws of grammar. I want to write more like how I talk. If I get really worked up over something I might even swear but I'll try to hold myself in check! So, why wealthy minds? For many months now I have been investigating the level of activity in the various search engines. I won't bore you with all the details. Suffice to say, every month the subjects of debt, debt consolidation and debt relief are among the hottest subjects that people are seeking information on. Naturally, with such a huge level of interest there are also massive numbers of web sites catering to this need. Most of them are skewed towards supplying debt consolidation and debt relief services. I want this site to be completely different. I want it to be a place where people could come and read about alternative thoughts to most of what is out there - mainstream debt mentality. I'd like to focus on mainstream wealth mentality. You see, you've probably heard the age-old analogy of feeding a hungry person a fish as opposed to teaching that person how to fish. When that happens the person becomes independent and can feed themself. Well, in my opinion, it's the same with debt and wealth. Sure, you have to stop the haemoraging. Debt has to be brought under control. But what happens then? Do you have a plan? Does debt consolidation just set a new benchmark for the same old mindset to start the same old activities that got the person into trouble in the first place? Isn't that just being broke at an even higher debt base all over again? The mindset hasn't changed. Only the symptom has been treated. The cause hasn't been cured at all. The root cause of debt is still there. Such a person has still not learned how to "fish." Anybody unable to create more wealth than debt is, by simple logic, still facing the tyranny of debt. Debt consolidation loans therefore, in the main, only do one thing. They allow a little more time and breathing space before the strangulation of debt starts to choke the person yet again. Since debt and debt consolidation is so prevalent, what does that tell you? It tells me that the vast masses of people are all following the same path - the path of lack. This is smashed into our skulls at every opportunity by all and sundry. What is your mindset on the subject of money? Do you find it an offensive subject? Many people do. That's mostly because they never have enough of the stuff. And that is why it can be an embarrassing subject. Who is gonna admit that they don't earn enough to pay the never-ending flood of bills that they get? No-one. That's who. They just sit in silent frustration and increasing anger, wondering why they continue to get the rough end of the pineapple - time and time again. I know. I've been there. It ain't a great place to be. But you can escape from it - IF you have a plan and the commitment and discipline to see it through. Most people look good, smell good, exaggerate their true wealth position and are, in reality, just a couple of pay days away from being flat broke. That's why a lot of broke people feel the need to have an expensive motor vehicle - even if they can barely afford to make the monthly repayments. And that false impression adds to more frustration and anger. Let me say right now, unashamedly, that I am always looking to do more, be more and have more. But... before I cop a swag of "join my MLM" emails let me also say... I have done all that before. Several times, in fact. Never again. I am going to devote an entire future newsletter to MLM's. Oh, excuse me - multi-level marketing. In that issue I will blow the lid right off this so-called "method" of "making money" and some people (those who are MLM "virgins" as I call them) will be really lousy with me BUT... I guarantee that those who take notice will shear years off their ultimate grief. Most of the "schemes" out there - particularly on the internet - are pure rubbish. They are wrapped up in tinsel, called everything but what they truly are - scams - and they are hawked around by folks consumed with get-rich-quick ideals. Really, there is nothing wrong with getting rich quick - just the vehicles used to try to do it. I have bought many fine examples of such unadulterated rubbish. There is very little basic, solid information about creating wealth that doesn't involve some sort of huge benefit (commission) to the promoter. For example, the infamous "two-tier" property developers who suck people into targeted real estate deals at vastly inflated prices on the promise that the buyers (you) will make money. Sadly, these "two-tier" schemes already have three to five years of profit already sucked out of them by the vastly over-inflated asking prices that are charged to get into them. Caveat emptor - let the buyer beware. Back to where I was before I got diverted... People don't like to think about the things that cause them pain. So they try to ignore them. If you believe that ignoring debt will somehow make it magically disappear then... Wrong! So, people do nothing to rectify their debt position. Therefore, because they do nothing, they just keep getting more of the same. Have you ever done nothing new and just kept getting more of the same? I have. Round and round the mulberry bush you go. Day after day, week after week, month after month, year after year, decade after decade. Getting nowhere. Sound familiar? I heard a story many years ago about a dog that howled a lot. That was because there was a thorn that stuck up right in the very spot where he liked to sleep. Every time the dog rolled over it would prick him causing him to howl in pain. When the owner was asked why the dog didn't lay somewhere else, he replied: "Coz that's where he likes to lay." A lot of people are like that. They whinge and whine and complain but they do stuff-all to do anything about it. Complaining is an easy option. In reality, it is just an excuse for laziness. Do you have a lack or debt mindset? 95% of the population does. Or do you have the abundance or wealth mindset of the other 5%? Or are you somewhere in between - teetering, not sure? You want to build wealth but you're not sure how? Here's an interesting thought - see that 5% above? There is a 95% versus 5% split in that group too. The 5% of that group are the "super-achievers" otherwise known as the mega-wealthy. These are the people who have the "wealth tap" well and truly turned on. They make money in their sleep. Right now, let's talk about YOUR mindset because that is where everything BEGINS. Allow me to give you a few quick examples. That chair that you are sitting on - it was conceived in the mind of somebody. The pen that you sign your name with - that, too, was conceived in the mind of somebody. So, too, is the computer that you are using and all the software and programs that make it work. CRITICAL POINT: Everything you see in our ever-increasing material world was conceived in the minds of different people who all had a vision and a goal then backed it up with sustained effort, all guided by a plan of action. Along the way others take those ideas and develop them further. Could you imagine if the Wright brothers gave up their dream of flying when they had their first mishap? We wouldn't be able to fly from one country to another like we do today, or engage in space travel. NASA would not even exist. What if Henry Ford hadn't pressed on with the horseless buggy? I'll tell you something. I have ridden a few horses in my time and they can be mighty cantankerous creatures, not to mention the sore backside that you get. I'm very glad that Henry Ford didn't give up on his quest. Whatever your DOMINANT thoughts are about money, or the lack of it, then that is what will manifest in your life. Put simply, what that means is this... Think debt, impoverished thoughts and lack and that is EXACTLY what you will get. Think wealth and abundance and that is EXACTLY what you will get. Negative thoughts are not inspiring. When we are not inspired we do nothing. Well, maybe we sit in front of the TV, watch some stupid nonsense that gets dished up as "entertainment" and drink beer and eat pizza. On the other hand, when we have positive thoughts we become inspired. We become focused. We act. We do something. Energy is expended. An outcome is achieved. The outcome may not be precisely what we wanted but we are moving closer to our goal at every attempt. For example, this newsletter took me many hours to write. Then it took me at least a dozen edits and re-writes to get it just how I wanted it. But I kept moving closer and closer towards my ultimate goal with every attempt. If you throw one hundred darts at a dartboard there is a pretty fair chance that at least one of them will score a bullseye. Even if it's just by pure luck. So, do you keep throwing darts or do you only throw a couple then just give up? CRITICAL POINT: Token efforts receive token results. Naturally, it is a lot easier to think negatively. We are all programmed from every external source, from the moment that we are born, to do that. The "noise" coming at you from every radio station, TV channel, newspaper and every other media outlet is ALL negative. I don't know why that has to be so. It just is. It's like: "here's all the major crap going on in the world - feast on it suckers!" And MOST people do just that. They get a head full of useless junk that takes up their capacity to think properly. It's like installing too many programs on your computer. If you do that then everything runs too slow or the whole hard drive crashes. If you block out the crap then it is so much more beneficial to you. Do you really need to know how many people got blown up in last night's terrorist attack in Baghdad? Or how many people were murdered overnight? Can you change those things? Try this... go to the most successful person that you know and ask them what was on the front page of the morning newspaper or what the latest news headlines are or what the raging news of the day is. I'll bet you that they will have NO IDEA. Not only that - they will be completely disinterested. Do you know why? Because they are too damn busy doing what they do. They are too focused on THEIR next move. That is the trait of successful people. Whatever your mindset contains, THAT will be your reality. I have proven this in my own life. It is something that I had great personal difficulty with at the start. You see, somebody very close to me was always finding reasons why I couldn't or shouldn't do something. Whenever I thought things were hard for me then they were. I'll give an example of that in a moment. First, I'll share something personal about me and what I had to contend with when I was just a youngster. You can skip this bit if you find it boring or too self-serving on my part. At age fifteen I was the puniest, weakest, wimpiest, most pathetic milksop going around. A real mommy's boy. I was the classic 90 pound weakling. In my last year of lower school I was beaten up. In my first few weeks of high school (college) I was beaten up. One night I was severely beaten up by a well-known gang that just cruised around looking for trouble. I thought these guys were gonna kill me. I was scared shitless. (Sorry, I said I might swear but really, I don't have a better way to describe how I felt that night.) What was really happening was this - I was receiving a message - over and over again. I had to toughen up. So, I enrolled in martial arts. Naturally, I was discouraged from doing that but I did it anyway. I was fed up with getting beaten up. I was sick of being frightened. Today, I have been training continuously for 35 years. Yes, I am 50 years old. I am also a 7th dan black belt - one of the highest ranked karate exponents in the world. I also weigh 260 pounds. The bullies who bashed me senseless as a kid would be foolish to try that stunt now. Why do you suppose I tell you that? Is it to brag, glorify myself, beat my own drum? OK. I'll be honest. I'm pretty proud of that achievement. However, my main motivation in telling you all this is to let you know that if YOU are in a position that YOU don't like then YOU too can do something about it. Change your mindset. Improve your knowledge base. Apply some action! Grow! CRITICAL POINT: If you don't LEARN the lesson that life is trying to teach you then the lesson will be repeated until you do. How many people do you know who keep doing the same things but expect to get better results? They fail to learn the lesson and the lesson keeps getting served up to them. That is why most people are broke. They never learn the lessons of wealth creation. But they are world-class complainers. I'll bet you know somebody who fits that description too. They're everywhere. I mentioned Henry Ford before. He is credited with saying many interesting things but none more so than this (in my opinion): whether you think you cannot, you are right." It is perhaps one of the most insightful things that ANY person has EVER said. How profound that an inventor realized this! As Dr Shad Helmstetter, one of the world's foremost life coaches, said in his brilliant book entitled: "What to Say When You Talk to Yourself" (ISBN: 0-7225-2511-7) - "...we talk to ourselves all of the time, usually without realizing it." He is talking about the never-ending dialogue that is going on inside your head all the time. You are even thinking "side thoughts" as you read this. Helmstetter goes on to say: "... and most of what we tell ourselves is negative, counterproductive and damaging, preventing us from enjoying a fulfilled and successful life." Hmm. Does that describe you? Just a little bit maybe? When you let your guard down does the negative "gremlin" take over? Or, is he rampant most of the time? Admit it. Admitting the presence of something unpleasant is the first step in rectifying it. Until you do that you will never make a decision to improve anything. Moments of negative thought happen even to the best of us. The only difference is that the highest achievers learn to overcome the doubt. And... the more you learn to overcome the negativity, the stronger your self-belief and self-worth becomes. Wealth will only come to you when you conquer these two traits. Think about it. How can it be any other way? You have probably heard endless rags to riches and back to rags stories about people who have won millions in lottery prizes. Their poor self esteem does not allow them to be the custodian of such an amount of money and their sub-conscious, negative self-talk gremlin finds every way possible for all that money to be squandered. Soon they are right back to where they were - sometimes even worse. Incidentally, I highly recommend that you should read Dr Helmstetter's book. That is why I gave you the ISBN. It is a code that any library or book store can use to track it down for you. When you are faced with a decision does that little "self-talk voice" in your head start yapping away with things like "you don't deserve it" or "cut it out - you can't do that!" or words to that effect? When it comes to money matters do you feel deserving? Or does the gremlin set about demeaning and depriving you? At this point, I will give you another personal example. Well, I don't like to think about this too much any more but some fifteen years ago things happened in my life that caused me to have to sell my family home. I was devastated. I won't go into all the sordid details. Anyway, for the next five years we had to live in rented houses. Some of them were dumps. We were at a very low ebb when I read another book that caused me to set a goal - a financial goal. That book said "pay yourself first." Well, that was a new idea to me back then. Like most other people I would pay myself with whatever was left after I had paid everybody else. Usually, that was nothing. Looking back on it now it is little wonder that, financially, I was going nowhere. I had nobody to tell me what I should be doing. I had no coach. Back then I didn't have a clue. I just did what everyone else was doing. And they were all clueless too. But I started this new concept. Soon I had several hundred dollars. Then I had a thousand dollars. Next I had several thousand dollars. Then I had ten thousand dollars. Hey! This idea was working. I had proof. Eventually, my wife and I put these savings with a reserve fund (what was left from the sale of our home that we had to sell) and we approached a bank to buy another house of our own. To cut a long story short, the first bank Johnny pretty much just laughed at us BUT, on our second attempt, we managed to purchase a new home. Then we bought another property, then another and so on. From a position of debt that was getting worse every year when we were renting (due to the ravages of inflation and taxation) we turned it all around. It all started with new KNOWLEDGE, a DECISION and ACTION. Now we rent homes out for other people to live in. Is that a turnaround, or what? You can turn your finances around too. But you have to start learning and getting active. Activity is the engine that drives the wheels of success. Hmm. That just popped out of my head. I like it. I'll put that somewhere on my motivational website. But before you get active you need to educate yourself in financial matters and wealth creation. If you go off "half-cocked" you will probably get spanked. Yes, I have been there too. I once managed to turn $2,500 into 67 cents by listening to some smooth-talker in a HOT share market "whisper." The only thing that was "hot" about it was the flushed feeling in my cheeks after I lost all that money. Good grief, was that a rude awakening! Incidentally, I still have that cheque for 67 cents. It's in my office. I am never going to cash it. It is a stark reminder of my stupidity - so I'll never do a dumb thing like that again. Like I said ... life will visit lessons upon you. If you fail to learn the lesson then it will surely be repeated. CRITICAL POINT: Check the veracity of any information that you intend to act upon from several different INDEPENDENT sources BEFORE you act. Now I just used those personal experiences to let you know that I have suffered financial adversity but I have fought back. Getting back to YOU - let me ask you this... If you lost your job tomorrow (been there, done that too) and you had to find a new one, where would you start looking? Now, I don't mean physically. Would it be in the same industry? Possibly even exactly the same sort of job? Even if you hate it? Let me put another question to you... Would you commence your search for another job at or around the same salary level that you are used to being paid at? For example, let's say that you are used to being paid at around $45,000 per annum. Let's say that you are an Administration Officer or an office worker of some description. That is your knowledge, experience and forte. You check the newspapers or the internet job boards or wherever and you see three possible openings. You read the job descriptions and you are CAPABLE of all three jobs. No problems. What they are asking for is YOU right down to a tee. You check the salaries. They are $45,000, $50,000 and $87,000. Now be honest here... ... which ones click immediately in your mind? Hmm. Let me guess. Did your mind begin to cancel out the $87,000 job? Did it concoct some sort of REASON why you wouldn't get it? Huh? Stuff like "oh well, maybe somebody with more experience will get that job" or "they are probably looking for a younger/older person." Yep. That's your self-talk gremlin saboteur at work. That is when he/she/it is in deluxe mode - denying YOU! Your mind and hence, your mindset, is the most valuable piece of artillery in your entire battle kit. It can also be the most self-sabotaging. When you get your thinking "right" all of a sudden you become jet-propelled. Things that you once thought impossible now not only become possible they become probable. Later on, with a few successful campaigns under your belt they even become laughable because they are so predictably successful and easy for you. Once upon a time I used to work 37.5 hour weeks plus struggle with traffic to and from my place of work ALL YEAR for $30,000. A few years ago I made $75,000 in a single day just from an idea. It can be done. Does your mind allow you to think that? Let me tell you about a friend of mine. I'll call him Mr X. Mr X owned a number of excellent businesses. He was turning over millions. And I mean millions. He had the big home, a constant supply of new luxury vehicles, the big boat, a holiday house on the coast, properties all over the place. Mr and Mrs X would go to expensive restaurants and think nothing of it. They would attend Fleetwood Mac and Beach Boys concerts and sit in "dress circle" seats. They went on extended overseas holidays. They went to the Olympic Games - you name it. For reasons that I will not divulge, Mr X ended up losing just about the lot. He was bankrupted by the bank that he got in way too deep with (that's another subject that I'll cover in a future issue). From the day that happened I KNEW one thing. Like Arnie said in the Terminator series - "I'll be back." And back he has come. The properties are gaining in number. The boat is back. The lifestyle is coming back. Now how did this happen? Let me also tell you that Mr X does not possess a massive education. Nor does he have any trade background. But Mr X is a visionary. He sees things in his mind. He is always talking about ideas and concepts. He has incredible imagination! So, how did he do it? How was it possible? Have you figured it out yet? Yep. It is his mindset. It is all about the way that Mr X thinks. It was a rough ride for him through bankruptcy and we talked for hours and hours about various lousy things that his bank did. In reality, he could have traded out of his position but the bank wanted its pound of flesh right at the minute that they decided and not one second later. I even had to loan him $1,500 to pay some stupid penalty fee that the bank screwed him for as a result of them bankrupting him. He wasn't given any leeway. None at all. He had to sell everything at "fire-sale" valuations (also planned for the subject of a future newsletter). When he took the required $1,500 in some mealy-mouthed cretin then went to a calculator and added an extra day's interest to it because it was a little after the noon deadline. So he had to return to his motor vehicle and find something like 25 cents. I think he threw it at the guy. The mercenary bank decided to bankrupt him. That was what THEY wanted to do. It wasn't necessary. They just wanted to punish him. But I have news for that merciless bank... "He's back!" Oh yeah! Mr X is BACK! I have often heard the saying that if you were able to scoop up the sum total of all the money and assets in the world and distribute them evenly to every person in the world that within five years all the wealth would be back where it first started. I believe that. It's all to do with what is in the minds of the people. Mindset. CRITICAL POINT: Your potential wealth and your future wealth is all in your mind. Plant a crop. Feed it. Nourish it. When it comes time to harvest you won't even remember the paltry cost of the seed. I IMPLORE you to at least think about your future. Think first. Decide second. Plan third. Take action fourth. Steady-ready-aim-FIRE! So, what are YOU thinking? What is YOUR mind telling YOU? Tell me. Email me at budo@iinet.net.au with the words: "Wealthy Mind Comments" in the subject field and I'll publish some of the best thoughts so that others may read them. I might even add some comments of my own in answer to what you have to say. CRITICAL POINT: Where wealth is concerned, you can be your own best friend or your own worst enemy. Ultimately, it is YOU who decide. Ooh, that last sentence was cutting, wasn't it? I deliberated several times over removing it but in the end I left it in. I did say at the outset that I wanted you to have the truth, warts and all. You just got it. Mind your mind. It's the most precious possession that you have. It will make you a fortune or it will cost you a fortune. But without it you would truly have nothing. Gary Simpson Disclaimer: Nothing in this newsletter constitutes definitive financial advice. Every person has different personal circumstances. Always seek the advice of a competent UNBIASED advisor. This newsletter is copyright. All rights reserved. It is not to be shared among non-members. No part of this newsletter may be copied without the owner's consent except for the personal reading provision as outlined on page 1.
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