Three simple steps to raise awareness of money beliefs or blockages:
Step 1: Raise Awareness
Open a notepad or word document. Complete these twelve sentences about money, wealth and riches to uncover the key elements of your current unconscious programming. Reading this isn’t enough. You will need to write out your answers for full effect.
People with money are _
Money makes people _
I’d have more money if _
My parents always thought money would _
Money causes _
I’m afraid that if I had more money I would
Money is _
In order to have more money, I would need to _
I think money _
If I were really rich, I would _
My biggest fear about money is _
Money is _
Step 2: Decide
Do you want to keep going on this path your going now? What will happen if you keep going down this path and what will happen to those around you, those you care about if you continue getting the same results over and over again?
Is it time to change? Is it time to grow?
Do you want to use the Law of Attraction, Manifestation techniques, PSYCH-K, NLP, Coaching, Meditation techniques to change your mindset to attract and create wealth?
A common problem is most practitioners have their own blockages. That is why this exercise, and the PSYCH-K Wealth Beliefs checklist is very useful for identifying what needs to be changed.
Step 3: Take action, Contact me
I’m Adrian Cahill, I have spent some 4 years in Shanghai China where with a few co-creators we created Motivate Shanghai. I’m actually from Australia and regularly spend time here, I help people all over the world via Skype and remote coaching. It might sound strange, but it’s actually much easier to create change over the phone then sitting face to face.
We don’t have to worry about body language and we are able to create rapid shifts and remove blockages holding you back with ease. It’s time for you to shift your mindset to wealth. I use NLP to create wealth, PSYCH-K to remove roadblocks to wealth, and Coaching to ensure you gain and maintain traction. It’s the ultimate wealth mindset solution.
http://adriancahill.com/wp-content/uploads/2016/08/take-action1.jpg337350Adrian Cahillhttps://adriancahill.com/wp-content/uploads/2018/09/adrian-cahill-logo-2.pngAdrian Cahill2016-08-20 09:08:202018-09-27 09:23:36How to raise awareness of money beliefs or blockages?
Why do some people achieve financial freedom and have great lives while others struggle? Today we are going to address the 3 biggest misconceptions or myths about wealth. This was trimmed up and inspired by Mr. Roger James Hamilton, Founder of Entrepreneurs Institute. I’ve bought his book and his thoughts really aligned to a lot of things I learned from my experience particularly these Misconceptions.
1st Myth: Wealth Comes from Passive Income
You can get wealthy by going into debt to buy assets that will give you passive income so you no longer have to work for a living.
You’ve just dug a hole, not a river! All income needs to be managed, which means you need to know how to manage a team and experts who can manage your portfolio of assets.
A critical part of creating or building your wealth is building assets that make up cash flow. With the aspiration that they can provide continues passive income, a lot of people stretched their resources to purchase a property or any other assets and eventually encountered a loss. Then they would just discover that the value of these assets fall which causes a negative cash flow as well as the messing up of their credit ratings.
But these things didn’t happen to the wealthiest people, do you know why? It is because these wealthy people understand that their assets (whether the business or properties) need to be handled appropriately, and there is practically nothing passive regarding it.
2nd Myth: Wealth Comes from Multiple Streams of Income
The more income streams you can start, the wealthier you will become.
Starting many streams at the same time is like trying to push many balls up a hill at the same time: You may get started, but you end up losing your focus and your time. Success comes from growing teams, not streams: multiple teams of income.
When you’re just getting started, this myth just might be among the most dreadful ones. However, it’s risky at each point. In the event that everybody around you is uncertain what your major concentration and focus actually is, where you stand and what your spot on the field is – you will likely persistently run after that ball instead of letting it get kicked to you.
Money doesn’t make money, people generate the income. This idea is what people recognize as they step up the wealth ladder. Prior to investing in the assets you shall take on, you must put the money into the most appropriate people, otherwise you end up being the only one performing all the necessary juggling and it is just a matter of time before you start dropping the ball.
Myth #3: Wealth Comes from your Exit Strategy
Wealth comes when you sell out: Plan an exit strategy where you can work hard now and earn the money later.
Keep working, because you love what you do. Don’t strive to bake a pie so you can sell it; own the bakery so you can bake as many pies as you want, sell some, and keep the rest.
Instead of an exit strategy which is leaving the game, change it with a success strategy or staying on top of the game. Remaining engaged in what they do is what makes the wealthiest people on earth who they are, because it doesn’t feel like working hard when you do what you love. Any kind of exit strategies are useless when moving up on the wealth ladder.
Many of us are connected to one another through the market. The FACTS above are actually a better way in which building assets is changed by creating flow. In this flow everything is interconnected, so when you become a part of its enhancing, nurturing and expanding, it surrounds you. It makes aiming to work out different ways of making money and staying in the game that much more essential.
Your greatest asset will be your time and effort. What matters most is to invest it properly. Maintain a success strategy in something which you are certain you love doing, wihout expecting any payment in return.
If you’re investing for your Money read more about money or come play Cashflow 101 before starting to trade currency.
Using your resources productively is the big start!
You can make the big start easier by little steps.
Whats the first little baby steps you could do this week that improve your resource management?
Whats the baby step you can do TODAY?
From the material I share, there is enough to start! There is no need to dive into Stocks, options, CFD’s, and the like.
How did I start?
My first investments was a bucket, sponge and a bottle of detergent. I started washing cars around the neighborhood for less than $5 each.
Later, I read a pile of books about investing. The start of my “Investing Career” or “Pivotal Moment” was around my 19th birthday when I realized that I had worked at least casually to part time since I was 14 but hadn’t actually saved anything. My net worth zip. Have you ever felt like that. Like, darn I’ve been working so hard but have nothing to show for it!
I decided to put my foot down. I minimized my expenses, and spent all of the spare time and money educating myself. Once I saved $500AUD I started my first trade on the Australian Share Market. Although I paid $60 in entry and exit fees I did it because it was the first steps! Once the money was in, I kept going cause I could see the value of that investment growing everyday just from reading the newspaper. (Back in the old days).
If you don’t have the time to start learning about Share Trading, there are easier options. There are always options. Just have to start.
A lot of people ask me about Financial Investing, to start you really have to review steps 1 – 4 regularly.
http://adriancahill.com/wp-content/uploads/2013/07/0-dollars.png150300Adrian Cahillhttps://adriancahill.com/wp-content/uploads/2018/09/adrian-cahill-logo-2.pngAdrian Cahill2013-07-27 07:59:012015-03-17 05:28:46How to Start Investing with $0
Often in my talks, people bring up that I seem to think that their jobs aren’t good enough. I like to clear that up straight away. I do respect you and your job. My talks on Personal Development and High Achievement is normally based on the concept that the majority of people do not like their jobs.
I had my first money making ventures when I was about 10. My first business enterprise is about 13 washing cars. My first “real job” is at the age of 14 and 9 months old which was the minimum legal age to start employment in my state of Australia. I didn’t like the jobs I did after school, however I liked the pay. Now I work very little for money and work for passion.
One thing that gets me down is when I hear my friends saying that they would love to pursue their dreams. They would love to live abroad or work for passion rather than money. They really want to provide their children and family security built around their regular pay packet. They have complete dependence on their employer for their family’s security so they have no choice but to work day in and day out. At times, they have been rewarded with bonus and promotions. However, in line with every increases in pay, their lifestyle cost has also risen. Some of them live in nice homes, some barely survive, yet only a fraction is doing financially well.
I believe the core failure is the basis of our society and education system. Our society is developed so that we rely on government, Government Systems (primarily Education and Health Care) and corporations to support us. The Education System is one of the biggest problems.
Our educational system says there is one way of doing things. This system is about reducing thought, reducing questioning, there is one right answer and only one— convergent thinking. Not just convergent thinking, but Industrial Age worker thinking that IS THE RIGHT ANSWER.
Our children are told to go to school and get a good job. Many children don’t know what they really want to do. Perhaps more creativity and focusing on passions would bring about a good answer. Often young adults are told or ‘recommended’ what to study on the basis of further education ensuring they get good jobs. I have met people who’s job is to go to high schools and sell young adults on college or university places. Universities and industries are fighting and often paying schools for each student they receive from them. Schools are being paid directly or indirectly because of their students going to the university.
Now university is important; however harvesting lost students from high school may not be such a good answer. Sure there are lots of respected doctors, teachers, engineers that may disagree with me; however there are so many drop outs and lost people in this world that you have to question if it is good to encourage young adults to spend years studying if they haven’t firstly discovered what they want to do in life.
Then comes the jobs or careers themselves. This is a bit too deep for some however this is worth sharing. Robert Kiyosaki talks about the Cash Flow Quadrant.
Our education system brings up people to stay in the E or S Quadrant. The E and S Quadrant relies on trading your time for money. The I Quadrant is really simple and easy. I started doing it when I was 18, studying and working part time. The I Quadrant is simple. We are just not taught how to do it.
Now as our young university graduates grow older, they begin to repay their student loans. In some countries like Australia, these loans are enormous, and in the United States of America, lower educated adults often join the defense force to pay off their debts.
After students loans, or perhaps before there even paid off comes the car loans, credit card / personal loans, next thing you know it’s a house loan. As they work more, they borrow more and more. As you see with the university, the debt cycle may even begin years before they even start working in their career.
What about the passion? What about their dreams? Youth is gone and I haven’t even mention the added pressure of supporting families.
The school system does not help us people discover their true passions and desires. It teaches following and working for the very few that have established the big businesses.
Most of our society is based around this concept of E and S Quadrant (Employed, Self-Employed). Working hard, earning and spending all of it. The Chinese are good savers. They save. This savings though is generally either given to their parents or spent on a house. They still work very hard, all of their life. Society struggles to believe that there are other alternatives, look around, everybody is working hard right? Well I have to say everybody isn’t working hard, and there are alternatives. The B and I Quadrant is within reach even for the under educated.
Since turning I am 28, I have worked a total of around 7 months doing work I chose to do and loved. I spend my time focusing on:
My Personal Development. I study everyday.
Becoming or leaning how to coach and positively influence others.
Daily Meditation, exercise, healthy lifestyle, doing what I enjoy, with whom I enjoy.
“The Four Hour Work Week” by Tim Ferris is a best seller. His work is invaluable and I’ve learned a lot from him. We have a lot in common. Only he is much much more successful in most areas. I’m happy to work far less than him at the time of writing. When he wrote that book, he reports he WORKED 4 hours per week. As I write this I WORK 30 minutes a week thanks to passive income. This 30 minutes, if you are interested involves checking bank balances or occasionally doing a Share or Option Trade on the Australian Share Market (we call it Share Market, North Americans Stock Market). Nothing complicated. Something I learned to do while working in fast food after high school or serving in the Army. I studied Business Management, I just found it easier to have a job and invest like mad. It worked for me from 1999 – 2012.
This morning I did a trade in my bed.
If you love your job, great. That’s great. If you prefer to work 4 hours per week to have more time with your family, I strongly urge you to begin your journey of self development and self fulfillment here. My Blog, talks and material are full of advice centered around Personal Development and getting more out of life. I currently take opening minds to the possibility of much more as a challenge and look forward to being a successful coach down the road.
Please remember, if you love your job that is great. You can use your job to fund your investments I did! But don’t sell your self short. If you don’t love your job or love your life maybe it’s time to take serious action.
http://adriancahill.com/wp-content/uploads/2013/07/richdad_quadrant.png423800Adrian Cahillhttps://adriancahill.com/wp-content/uploads/2018/09/adrian-cahill-logo-2.pngAdrian Cahill2013-07-12 10:31:322018-09-24 10:20:17I respect your job, but do you?
“Making Money Made Simple” by Noel Whittaker was the first money book I ever read. It’s now on its 24th Edition. This book is particularly great for Australians; however what is coming up is good regardless of nationality.
Noel has just loaded up two great new calculators to his webpage: the stock market and dollar cost averaging calculators. These were available on his Purchased CD; however it’s now available totally free on his website.
The following is an excerpt from Noel Whittaker’s regular newsletter. All you need to do is go to http://www.noelwhittaker.com.au and click on stock market calculators which will take you to the stock market calculator and the dollar cost averaging calculator.
These calculators are programmed with ASX data since January 1980 which matches the All Ordinaries Accumulation Index and takes into account both income and growth. The stock market calculator allows you to enter a notional lump sum at a date of your choice, and then enter a finishing date, and the calculator will tell you how much you would have made if your investment matched the index.
Here is an example. In May 1990 I bought a unit at the Gold Coast for $500,000 – it is now worth $850,000. If I go to the website and click on the stock market calculator and enter a notional investment of $500,000 as at May 1990, and then choose June 2013 as the finishing date, I can discover to my horror that the same $500,000 invested in an index fund would now be worth $3.95 million which equates to an annual compound rate of 9.4%.
I call buying this property the $3 million mistake.
Or, I could go to the dollar cost averaging calculator and pretend I started investing $5000 a month in June 2008. Even after the global financial crisis my portfolio would now be worth $361,839, for a total investment of $300,000.
My Grandfather used to always say, “I wish I was born with money rather than good looks”.
I always felt like saying “It wouldn’t really matter, if you were born with money you would be broke by now anyway.“
I don’t mean that to be an insult in anyway. I love my grandparents to bits! In fact they taught me all about working hard and good work ethic.
The way it’s always been done…
My Grandparents and parents worked very hard so we could have a nice life here in Australia. They may have been entrepreneurial or business minded at times, but generally they believed in:
“A honest days pay for a honest days work”
“Money doesn’t grow on trees”
I personally grew up believing I would be a great worker and I will get rich by working smarter and harder than anyone else. From my family I knew good work ethic. And good work ethic people went about their day exchanging time for money.
Generally my grandparents were patient. They invested in assets such as a property which would slowly grow in value over the years. Often the prices doubling in your average 7-10year time frame. Financial success came at very high cost of 50-80 hours a week. Often there was another cost. The toll it took on their time, family, health, social life, recreation if they had any time left over for this. Money doesn’t grow on trees, you got to go out and earn it.
The New Rich, is it real?
The New Rich on the other hand is about achieving the cash flow and freedom now. Often we see these advertisements for get rich quick schemes which almost never work.
The New Rich wants to make it big without spending 50 hours per week trying.
Often they seem to do all it all on their laptop by the beach or cheering on loud audiences at some kind of seminar.
Is it really possible?
Have you met them? Do they really have that money or is it largely all talk?
From my experience around the world and coaching. The New Rich certainly do exist. However for every real new, “New Rich” person, there are countless fakers. Not necessarily fakers. It could just be there using a technique called the ‘As If Frame’. Act as if, you have what you want, and you will get it. Most of us call this, fake it till you make it.
Who are they (the genuine New Rich)?
So in real life, and getting to know people in the bigger games I’ve had a many talks and gotten to know a few of the New Rich. Most of them I’ve met through either Start Up mentoring programs or events, or through property investment groups.
Many of the New Rich were Entrepreneurs that have worked their ass off for 5-15 years before succeeding. Or Investors working hard in a job, buying lots of property or doing property developments. A couple of these entrepreneurs had passive income in excess of average salaries, or net worth in the hundreds of thousands before reaching 25.
So yes, it is certainly possible.
How do they do it?
They often take a concept such as good work ethic but somehow realised or found a way to make money grow on trees.
It’s certainly about working smarter, not harder. That is true. It’s largely about turning passions, strengths or opportunities into value. Turning that value into some kind of business or investment model.
I’m very happy to know your interested in creating wealth. In my mind, I think we all should. Especially since we can and if we don’t want it, well we can make it for those that will never get to make it or can’t access fresh water. Remember, at the end of the day, it’s not about having a million dollars in the bank. What would you do if you had a million dollars?
What would you do if you knew you were going to fail, but did it anyway?
http://adriancahill.com/wp-content/uploads/2013/05/money-2.jpg426640Adrian Cahillhttps://adriancahill.com/wp-content/uploads/2018/09/adrian-cahill-logo-2.pngAdrian Cahill2013-05-20 11:58:102018-09-27 12:25:10Money, Ethics and the New Rich
Firstly let me remind you, richness is not just term that means having a lot of money. And I think this is where people often go wrong.
I know this because, this is exactly where I went wrong.
And this cost me …
Over half of everything I owned.
A lot of friendships.
Most of my health.
I regularly had ulcers in my mouth from stress.
Just as Chocolate can be rich, your life can be rich, without a million dollar bank balance. But sometimes entrepreneurs or those driven for success can forget this valuable point.
Think about this for a minute.
Is it more important that I am being rich. Or am rich.
For me, I like to use the sentance being rich to draw attention to the concept of being.Being present, being aware, being in abundance. I would prefer to ‘be’ in richness than to say have it in a bank balance.
Richness can be in love, in love from family, friendships or intimate relationships.
Richness in health, in able body or appreciation and gratitude for the simple gift of a breath.
Richness in personal characteristics or content.
Richness in having the courage to stand up for myself and my friends.
Richness in mindfulness and bliss.
Richness in freedom to pursue my passions.
One of my favourite Coaching techniques (in 2012 anyway) is a Holistic Trial Balance. It’s a trial balance for your life.
This simple trial balance can be used to measure or check on the most important areas of your life. And if you want a spreadsheet just for money, there is a link for one at the bottom.
The Holistic Trial Balance
1. Start with a piece of paper and fold it into half, then into half, then into half again. Now you will have 8 squares. Label these squares: Finance, Health, Personal Development, Recreation, Social, Love, Family, and Community.
2. In the top right of each square, place a rating between 1-10 regarding how important this square is in your life. How important is Finance to your life right now. 10 for most important, 1 for the lowest. You can repeat the same number, you can have 3 x 10’s if that is the case. You could even add extra boxes as you get the hang of this exercise.
3. Spend 30 seconds to a couple of minutes on each square. Next to the rating, give a score as to how you are doing in this square right now.
4. Next write some points to work on in each square. For example, Finance 9 / 4 (finance is really important but scoring poorly) – Set up a savings Account – Negotiate a rise – Garage sale.
5. Repeat the process when you feel necessary or what I really strongly suggest is to schedule it in your calendar for the first Sunday of EVERY MONTH.
It is amazing how effective this is. Just by writing this out, you can clarify a lot to yourself and it’s surprising how many points are completed.
We will look at investing in terms of money later. However, please always remember, the best investment you can make is in your self.
In my early 20’s I was 90% focused on financial wealth. It kind of worked really well. I made a lot of money until the quality of other area’s in my life became so deteriorated that they suddenly and unexpectedly fell apart.
Life is delicate and you can be rich in any area of life. Just need to be aware that an outside, or third person perspective can be priceless. Being to rich in one area can cause problems. As can being too weak.
Remember, the chain breaks at the weakest link.
Thank you for your time.
If you enjoy my articles or have insights, please feel free to share.