How many times have you read or seen in the media advertisements from financial institutions telling you to give them your money, and they will achieve financial freedom for you? These ads are all over the media because the two words financial freedom is the new “Buzzwords” that are used by these financial institutions today to get you to give them your money.
If a financial institution promises you that they will give you something that you want you will tend to believe them whether they can actually deliver are not. Many financial institutions use these buzzwords to attract you into their fold and believe they can do what they say they will do. This is being lulled into a false sense of security.
It is impossible for the financial institutions to achieve financial freedom for you. Financial freedom is achieved by you and you only. Let’s explore what the true definition of financial freedom really is; it’s when your wealth works for you, not you working for it.
The financial institutions achieve financial freedom for themselves, at your expense. These financial institutions have armies of people known as, financial planners, persuading consumers two give them their money. Once the consumers give the financial institutions their money they have agreed indirectly to let them take fees and charges from these dollars for as long as they want, or until there’s no money left. In good times the consumers receive some growth on their money, but in bad times their money is eroded away. In all cases the financial institutions take their fees and charges and commissions during growth periods and loss periods.
The financial institutions practice financial freedom for themselves and you are contributing to their financial freedom. If you don’t believe this open the newspaper or do Google search on the wealth that the people at the top of these companies earn. These dollars come from you!
Financial freedom comes from you personally achieving your wants and dreams, not by any financial institution. How do you do this? This is done through a clear understanding of the “Law of Attraction”. Now you’re probably asking what the “Law of Attraction” is. The “Law of Attraction” is a natural law of the universe that allows you to attract what you want and dream about, and the reciprocal receiving of what you put into the universe. In other words if you put out good things good things will come back to you and vice versa.
The “Law of Attraction” must deliver what you think about, into your reality. So many times people live mediocre lives because they do not allow themselves the luxury of thinking, solely about their wants and dreams. If you don’t know what you want, then the universe cannot deliver it to you. You must program your subconscious mind with what it is you’re wanting.
The simple fact about the subconscious mind is that it doesn’t know the difference between imaginary in real it thinks everything you think about is real therefore it must deliver what you think about. The subconscious mind is very powerful and it has the ability to connect with your creator and give you what it is you want without question. It’s like a “genie in a bottle”. It will deliver without question what you tell it to deliver when you want it.
There are many books are written about this subject and a process. This process is as old as time but put down by many people as “new age”. When in reality there is nothing new age about it is very old, with a proven track record of success over the centuries. One of the books that is very popular about how this process works is “Think and Grow Rich” by Napoleon Hill. Napoleon hill learn this information from Andrew Carnegie who at that time was the wealthiest man in the world. He wrote it in his book in the early nineteen hundreds with hundreds of thousands of copies sold to date, in many different languages.
The statistics prove true as to who will actually practice this way of thinking or not. If 10% of the people control 90% of the world’s wealth than this proves that the financial institutions, financial planners or advisers, and many accounts are wrong otherwise the 90% would be in control wouldn’t they? The 10% will always excel and think outside the box, the90% will stay in the box.
If you’re reading this article without a background in the “Law of Attraction” you probably should do a little research into how this law works. One of the best places to learn is by watching “The Secret” which explains the “Law of Attraction” from many different perspectives.
Within our Personal Economic Coach process we guide our clients into building economic models which simulate their economic future, along with building a wants based model of their wants and dreams throughout their life. Through these dual modeling processes clients are able to simulate their financial future, see the mistakes before they are made than correct them. It’s like having a financial crystal ball! After the economic models are built the wants to based model is built simulating their wants and dreams throughout their life.
People Need To Be 'Tax Savvy' With Their Finances
Consumers across the country could be placing unnecessary financial burdens upon themselves and their family by not taking full advantage of the tax breaks available to them, it has been suggested.
According to research carried out by Unbiased, less than three-quarters of new parents (71 per cent) with children eligible for a child trust fund (CTF) have actually taken out such an account. Meanwhile, less than half those who have opened a scheme since 2005 have made full use of their 1,200 pounds funding allowance per year. With this equating to an overall tax waste of 125 million pounds, if Britons were more prudent with their finances, the funds could have been used to service demands on their spending such as utility bills, mortgages and personal loans repayments instead.
Commenting on the figures, David Elms, chief executive of Unbiased, said: “The government introduced child trust funds as a way of helping parents plan for their children’s futures. However, our research has shown that parents are not making the most of this opportunity. Parents don’t have to pay tax on the interest earned on a CTF account and by not using their full funding allowance each year they may potentially be gifting the taxman more money than necessary.”
Mr Elms added that there has been a “steady increase” in the level of tax Britons throw away every year. Overall, he claimed that the country is set to waste some 7.9 billion pounds over the course of 2007 - the highest figure recorded since the company launched its TaxAction campaign 15 years ago. As a result, the chief executive reported that those looking to reduce the level of tax they waste each year, which could help them put more money either into savings or paying off credit card and loans debts, should take the time to visit an independent financial adviser who can help them “to become tax savvy with your finances”.
Research from the company also showed that Britons could save some 463 million pounds by making sure that all self-assessment tax forms are completed correctly and are received ahead of the January 31st deadline. With paperwork received after this date incurring a fee of 100 pounds, making sure that documents are filled out correctly and on time could help consumers avoid being hit with unexpected fees. Findings from Unbiased also showed that optimising payments in company and personal pension schemes, as well as making additional voluntary contributions, could save people up to the tune of 739 million pounds.
If such action is taken, it could well be possible that borrowers will be able to free up more money to service various demands on their spending, for instance mortgage bills and loans, which in turn could see them finish making payments in advance and grant them financial freedom sooner. Earlier this month, the results of a study by the Motley Fool revealed that after meeting various economic goals, such as saving into pension schemes and completing loan and credit card repayments, many Britons are looking to ‘treat’ themselves.
About a third (31.1 per cent) aim to travel after completing their monetary objectives, while one in five look to renovate or redecorate their house, with a competitively-priced loan being one way in which such expenses could be financed.
According to research carried out by Unbiased, less than three-quarters of new parents (71 per cent) with children eligible for a child trust fund (CTF) have actually taken out such an account. Meanwhile, less than half those who have opened a scheme since 2005 have made full use of their 1,200 pounds funding allowance per year. With this equating to an overall tax waste of 125 million pounds, if Britons were more prudent with their finances, the funds could have been used to service demands on their spending such as utility bills, mortgages and personal loans repayments instead.
Commenting on the figures, David Elms, chief executive of Unbiased, said: “The government introduced child trust funds as a way of helping parents plan for their children’s futures. However, our research has shown that parents are not making the most of this opportunity. Parents don’t have to pay tax on the interest earned on a CTF account and by not using their full funding allowance each year they may potentially be gifting the taxman more money than necessary.”
Mr Elms added that there has been a “steady increase” in the level of tax Britons throw away every year. Overall, he claimed that the country is set to waste some 7.9 billion pounds over the course of 2007 - the highest figure recorded since the company launched its TaxAction campaign 15 years ago. As a result, the chief executive reported that those looking to reduce the level of tax they waste each year, which could help them put more money either into savings or paying off credit card and loans debts, should take the time to visit an independent financial adviser who can help them “to become tax savvy with your finances”.
Research from the company also showed that Britons could save some 463 million pounds by making sure that all self-assessment tax forms are completed correctly and are received ahead of the January 31st deadline. With paperwork received after this date incurring a fee of 100 pounds, making sure that documents are filled out correctly and on time could help consumers avoid being hit with unexpected fees. Findings from Unbiased also showed that optimising payments in company and personal pension schemes, as well as making additional voluntary contributions, could save people up to the tune of 739 million pounds.
If such action is taken, it could well be possible that borrowers will be able to free up more money to service various demands on their spending, for instance mortgage bills and loans, which in turn could see them finish making payments in advance and grant them financial freedom sooner. Earlier this month, the results of a study by the Motley Fool revealed that after meeting various economic goals, such as saving into pension schemes and completing loan and credit card repayments, many Britons are looking to ‘treat’ themselves.
About a third (31.1 per cent) aim to travel after completing their monetary objectives, while one in five look to renovate or redecorate their house, with a competitively-priced loan being one way in which such expenses could be financed.
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