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How to do well in an economic downturn and why those who invested into a financial education years ago are well positioned financially to profit from the Global Crisis.
Many uneducated investors may be asking how they can do well in a downturn.
However, 21st Century Members who have followed the fundamental financial strategies taught to them at 21st Century over the last decade would be outperforming those who have neglected a financial education.
Why?
It’s simple.
21st Century Members have been taught to use property as their cornerstone investment and the share market for cash flow generation in addition to property amongst other strategies.
Not to mention building online business and negotiating pay rises etc
Well, those who have invested in real estate over the last decade would not only have done well, but would be enjoying record low interest rates now and high rentals generating positive cash flow on their portfolio.
Plus where the share market has crashed up to 50% since its peak in November 2007, these property investors have been sitting on only a mild 3% decline in property values since the share market has crashed [except top end properties and holiday homes which have dropped more significantly.]
This isn’t to beat up on shares, but is why 21st Century teaches property as the cornerstone investment and using shares as an additional cashflow generator.
Thus those who did also use shares and insured their portfolios would also have been protected or the more sophisticated investors would have done nicely from the current volatility in the share market and the record high share renting premiums that have never been better in my investing career.
But what if the property market crashes?
There is some, such as Professor Keen of Sydney who are predicting Australian Property will crash up to 40%.
Personally professors are professors for a reason, they are good at theory but in this case that’s about it.
They don’t understand the fundamentals of property.
There is greater chance the property market will boom 20% then crash 40%.
I said this some time ago and now look what’s happening.
The property market in Australia hasn’t crashed and now the bottom end of the market is booming again.
This doesn’t mean it will remain this way, but let’s look at some facts.
1. Australian property leveled out in 2003, unlike US and UK which kept climbing to 2007. If ours had as well then yes we may have suffered a 20% decline almost as bad as UK and US but it didn’t
2. Our interest rates are at a 30 year low. If property was going to crash then why would it crash when it’s cheaper now to hold property than ever? I mean it would have crashed when interest rates were 8 plus % a year ago. Interest rates dropping to 5% doesn’t cause a property crash
3. Australian homes are too expensive. Maybe, but they have been for decades and kept going up. Plus, now Australian homes are the most affordable they have been in a decade, with homes becoming more affordable this doesn’t cause a property crash. It causes a possible property boom, as is now happening in the bottom end of the market.
4. But we are in a recession, thus property will crash and there will be increasing unemployment. Really, if that’s the case how come Australian Properties actually rose in the last two recessions, even when there was much higher unemployment then we have experienced yet? Plus in the 90/91 recession we had skyrocketing interest rates and unemployment and property still increased.
5. Banks have tightened lending. True
However, our banks are the strongest in the world and we didn’t do subprime lending like the US thus our default rates are low, plus banks are still lending even if it’s tighter.
6. Australia has an ever increasing population both now from migration at record levels and new births and we’ve had a construction industry not building enough new houses for years. Actually within 3 years we could have a massive 250,000 shortage of homes. Doesn’t sound like something that will cause houses to drop 40%.
Put it this way if Australian Property crashes 40% then it won’t be for the reasons the so called “experts” predict.
It will be from a total economic meltdown and even then property will most likely outperform.
Example
The world has been on the edge of total economic meltdown for some time now and what’s happened to the share market?
It’s crashed up to 50%
What’s happened to Australian Property in the same time?
It’s dropped 3%, except for the top end which continued to boom from 2003 to 2007 thus only retreated from the extra gains it made or areas that continued to boom since 2003/2004 have retreated some of their gains, ie Perth and some parts of Queensland in particular.
No one knows what the future holds, however the money investors have had to go somewhere. And those who invested the most into property in the past would have to be very happy now. It’s proven to be a good investment in good times and a solid performer in extremely tough times.
How much more could we ask of an investment, other than something totally guaranteed that you’ll never get, property has been the next best thing.
And combined with the knowledge of how to suck out cash from the share market right now a smart educated investor can do very nicely from the current economic meltdown.
21st Century’s Homestudy Membership is tailor made to teach you how to do all this and more and very successfully. With the right education you too can discover the fundamental strategies taught over the last decade and could be outperforming those who have neglected a financial education and others relied on the dangerous advice of Financial Planners trying to sell investment services. Why listen to someone who earns a commission on your investments rather than paying for an education and getting unbiased investment knowledge.
As a 21st Century Member you will have access to a variety of strategies, taught by specialists in the fields of Property and Share investing. The 21st Century Homestudy Program will show you how to best extract wealth from the current environment and how to combine property with cash flow strategies in the share market ideal for the market place right now.
Here’s some reasons why you shouldn’t delay in becoming a 21st Century Member…
| SUCCESS STORY TESTIMONIALS |
| I would like to say a big THANK YOU from my family and myself for all that you have done, still do and (no doubt) will continue to do. Your book (the first one) was only the second book that I had read in twenty years and when I had finished, it in less than two days, I sat down and cried knowing that I had just found HOPE. I knew if I had nothing but the shirt on my back everything was going to be all right from now on. Not just for me and my family but for those less fortunate and unable to help themselves as I knew I was about to acquire knowledge, guidance and strategies to enable me to do so. THANK YOU. Martyn Barnwell |
| Hi Jamie, It has been a year and half since we purchased your home study. When we watched the free DVD we were convinced that something needed to change in our lives and even though it seemed like a lot of money to spend at the time we thought doing nothing would cost us a lot more in the long run. Even though it was a struggle to pay for the home study it was the best money we have ever spent (EVER). We attended the four day seminar in November 2008 at Gold Coast – since then our lives have totally changed. There has been so many opportunities open to us that we didn’t even know existed. One of our biggest goals was to retire from a J.O.B. (Just On Broke). At age 28 and after a year and half of purchasing your home study we have both sacked our employees and have retired from a job!!! WOOO HOOO!!!!! I would not hesitate to recommend anyone purchase your home study – it has been the best investment we have made!!! I wanted to send this letter to say THANK YOU!!!!! If it wasn’t for you wanting to help others this would not be possible. You are one incredible person to dedicate your time to help other achieve their goals and to make the impossible possible. Words can’t describe the gratitude and appreciation we both feel towards what you have given to us. Thank you!!!! Dennis and Julie |
Ready to achieve the same success? ENROL NOW!
| SUCCESS STORY TESTIMONIALS |
| Kia ora, I have used the home renovation strategy 2006-2007-in Dannevirke – creating more equity ie $80+k less 20% re: bank requirements. The home was originally valued at $70k & re-valued at $152k – it was run down & in need of renovating. After doing all the research about what jobs needed to be completed, I used $15k from bank account, a GE Finance card 100 days $10k interest free, visa card & mastercard. I ran-up $30k of debt on the 3 cards. I used my $15k to pay the builder, painter, plumber & electrician. Once the job was completed, I got the home re-valued. This generated a new valuation of $152k, creating $82k in equity. 20% was deducted as per bank requirements – $30,400 which left $121,600 minus original valuation $70k which left $51,000 equity. I repaid the $30k to the 3 credit cards. This left $21k in equity. With this equity I purchased another home in Te Karaka where I currently live. Althoug h the equity was not substantial I was able to renovate my Dannevirke home, pay-off my credit card debts & purchased another home in Te Karaka. Therefore, I have assets now worth approx $300k. After renovations I rented out my Dannevirke property. Prior to the interest rate increases I was $18.00 positively geared. Afterwards I became approx $130 negatively geared. Now that the interest rates are slowly coming down I am now approx $100 negatively geared. – you get no B.S. from me… Michael Haami |
| Since reading the book I got a line of credit on my House and started trading the stock market in blue Chips. To date since Late November 2008 I have made a profit in excess of $98,000. I would like to get more details on financing real estate to help my sons and daughter. I plan to come to the 4 day seminar in Melbourne . Any advice you can give me would be greatly appreciated. Kind Regards David Ross |
Take Action! ENROL NOW!
| SUCCESS STORY TESTIMONIALS |
| 10 years ago I did the Homestudy Course that 21st Century had and with as little as $3,000 I started trading and in 2 months turned this into $20,000 then turned this $20,000 into $50,000 the next month. Now I pull out of the market each week using this $50,000 bank average $40,000. If I had a bank of $150,000 the weekly turnover would be in the vicinity of minimum $80,000 – 150,000 to a trader who has at least 2 -3 years experience. Just want to thank Jamie for awakening the Entrepreneur in me that was laying dormant before I did the Homestudy Course. Cheers Vern Taikato |
| Hi guys, I signed up with 21st century academy in 2007. It has been an amazing experience for me to be part of 21st Century and it has taken my life (in only 1.5 years) in so many great directions, meeting so many amazing and inspiring people and being able to help others to reach their goals. Thanks again for everything you offer and I hope that I will be able to join you in helping others create wealth in the near future. Kind regards Kevin St Mart |
Plus as a 21st Century 5 Year Member, you will be able to take advantage of our 4 Day Education For Life Events, to be updated with the current economic environment and how to navigate successfully through these very interesting times. The live 4 Day event accelerates what is taught in the 21st Century Homestudy Program.
Read To Take Action! ENROL NOW!
OR
Please contact our Member Support Team:
Email: membersupport@21stca.com.au
Phone: 1800 999 270
Yours Sincerely,
Vivienne Warren
Customer Service Manager
21st Century Education
www.4daybonus.com
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“It is CRUNCH time!
It’s now 30 June and the government expects you to lodge your tax return.
For some, it is that dreaded time when you have to get down to your accountant, get all your paperwork together, and lodge the darn thing…..Yuck!
But at 21st Century Accounting, we don’t see your tax return as a chore. We see it as a wonderful chance to get you LOADED WITH CASH! If you’re entitled to a refund from the ATO, it’s simple. The sooner you lodge your tax return, the faster you can have extra cash in your pocket, not in the ATO’s hands as an interest-free loan.
(I’m sure you don’t want to give the government an interest-free loan!)
Call 1800 704 674 for a free discussion with one of our team today to get your tax return underway and get that money in your pocket! In these challenging economic times, we want that money in YOUR pocket where it belongs.
It can be the difference between getting that new car. Or going on that holiday around the world. Or spoiling your loved one with a surprise gift. The faster you take ACTION, the faster we can put that money in your
pocket right where it belongs.
You want accountants who can get you the MAXIMUM amount of refund back in your pocket, or if you have to pay tax, to ensure that you pay the LEAST amount of tax that you legally have to.
Does your accountant know how to:
- Claim car expenses WITHOUT receipts?
- Claim your office at home where you do your internet marketing
or options trading or home business? - Claim your education expenses for your home study pack or
other 21st Century courses?
At 21st Century Accounting, we do! We know the law inside out, and we make sure that while keeping within the law, we can claim the expenses for you that otherwise can give the ATO a free gift.
What are you waiting for?
Call 1800 633 000 for a free discussion with one of our team today to get
your tax return underway and get that money in your pocket!
Or email us at enquiries@21stca.com.au and get your accounting underway TODAY!
More Power For the Fed? Seriously?
by Mike Larson 06-26-09
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In last week’s Money and Markets column, I gave you a broad outline of the Obama administration’s regulatory reform scheme. This week, I want to zero in on one of its weakest links. I’m talking about the idea of making the Federal Reserve an “uber-regulator,” responsible for managing system-wide risk.
First, what in the world is system-wide risk?
Well, that’s the risk that interconnected-institutions will drag down the whole financial system when they gamble with other people’s money and then blow up! Think AIG, Citigroup and other disgraceful members of the notorious “Too Big to Fail” club. Obama’s plan calls for giving the Fed more power to oversee these guys and to proactively head off any future systemic risks.
Well, that’s the risk that interconnected-institutions will drag down the whole financial system when they gamble with other people’s money and then blow up! Think AIG, Citigroup and other disgraceful members of the notorious “Too Big to Fail” club. Obama’s plan calls for giving the Fed more power to oversee these guys and to proactively head off any future systemic risks.
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| Obama now wants to make the Fed an “uber-regulator” in order to head off any future systemic risks. |
There’s just one humongous problem: The Fed has proven time and time again that it isn’t up to the challenge!
It has been too timid to use the regulatory authority it already has. It has repeatedly proven to be behind the curve when it comes to both cutting and raising rates. And lately, it has sacrificed all semblance of being an independent body. The Fed is now clearly a politicized institution, working hand-in-glove with the Treasury and the rest of the administration.
In short, the Fed is NOT an independent body willing and able to see around the economic corner and take decisive, proactive steps to head off disaster. Instead, it’s an institution that has failed repeatedly to uphold its responsibilities in the regulatory and monetary policy arenas. And thankfully, policymakers are coming around to that view, which I’ve expressed time and again over the past couple of years.
A Sorry Track Record on Bubbles, Inflation,
Regulation — You Name It
You probably don’t need me to tell you the whole long, sorry history of the Fed’s easy money policies — and their repercussions. Suffice it to say that under former Chairman Alan Greenspan, and later Ben Bernanke, the Fed’s policy has been to ignore asset bubbles as they inflate … then come in with monetary guns blazing when they burst, thereby laying the foundation for the next bubble.
In 1998, the Fed went totally overboard after the collapse of Long-Term Capital Management, slashing rates to soothe the capital markets even as the economy was heating up. Then it pumped huge amounts of money into the economy out of fear of the Y2K bug. These two events pumped even more helium into the Nasdaq bubble, which then popped in 2000.
The Fed’s response to that bust was to drive the cost of money into the gutter. Thanks to that policy, and the reckless disregard for prudence throughout the lending industry, we experienced the biggest housing and mortgage bubble in the history of the U.S. We also saw too much dumb lending and asset inflation in the leveraged buyout business, in the commercial real estate arena, in commodities, and in the emerging markets.
Rather than combat those bubbles head on, though, the Fed deferred. And now we’re living with the painful fallout.
Yet remarkably, after two huge bubbles and busts fueled in part by misguided policy actions, the Fed is going back to its old playbook. It’s flooding the economy with the biggest tsunami of easy money the world has ever seen. And predictably, it’s having a whole host of unintended consequences, as I spelled out on in my June 12 Money and Markets column.
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| Greenspan pooh-poohed the housing bubble while everyone else saw it coming like a runaway freight train. |
Look, how many speeches did Greenspan give pooh-poohing the housing bubble, even as anyone with half a brain could see disaster coming?
How many Fed governors essentially washed their hands of any concern for asset bubbles?
How many said that these bubbles were too tough to identify in advance, and that the only rational policy was to let them inflate, then burst, and then try to clean up the mess — rather than proactively attack them?
And what about Bernanke? The Wall Street Journal noted this week that it had sounded a huge warning about the falling dollar, surging commodities prices, and the inflation threat they posed way back in late 2003. In an editorial called “Speed Demons at the Fed,” the Journal urged policymakers to start reversing course and lay off the monetary gas pedal.
Bernanke’s response?
According to minutes of a Fed meeting at the time, he reverted to Ivory Tower theory to play down the inflation threat. He cited studies that essentially said the declining dollar doesn’t matter, commodities prices don’t matter, and weak labor markets would keep inflation tame. He added that anyone who disagreed with him was “not particularly well informed.”
Oops!
Within a few quarters, home prices were soaring at their fastest rate since the late 1980s. Oil prices surged 782 percent from their low. Gold more than quadrupled. The Consumer Price Index eventually notched a 5.6 percent year-over-year gain — the biggest in 17 years. Import prices soared by a whopping 21 percent in 2008, the biggest increase in recorded U.S. history.
Is there any doubt that Bernanke was dead wrong … and the Journal dead right? I don’t think so.
Then there’s the Fed’s regulatory track record. As I discussed in my landmark 2007 white paper, “How Federal Regulators, Lenders, and Wall Street Created America’s Housing Crisis — Nine Proposals for a Long-Term Recovery”:
“By 2004, it was nearly impossible to ignore that the housing market was overheating …
“Yet the Federal Reserve did not believe it should play a forceful role in stemming this mania via monetary policy, focusing instead on traditional measures of inflation, and deciding not to begin raising short-term rates until June 2004. Furthermore, the rate adjustments were slower and more hesitant than those of the preceding down phase of the interest rate cycle.
“Adding fuel to the speculative fires, monetary policymakers used their public pulpits to send mixed signals to the marketplace, often encouraging continued risk-taking that has proven harmful to borrowers, lenders and the industry as a whole.”
In the paper, I added that …
“Federal regulators, for their part, warned about high-risk mortgage lending. But they failed to back up those warnings with rules or regulations designed to contain or reduce lending abuses. So lenders routinely ignored the warnings.
“We believe these constitute a series of fatal policy errors. And we believe they virtually ensured the outcome: A climactic period of unrestrained risk-taking in the residential real estate market, followed by the painful bust we are now witnessing.”
Fed-Worship Finally Ending …
Good Riddance!
Throughout the 1990s and early 2000s, Fed worship was widespread in Washington. We had to endure endless claptrap about how great Alan Greenspan was (remember his nickname, “The Maestro”?).
That’s ancient history. A new skepticism is apparent in Congress and elsewhere in D.C., and I couldn’t be happier. Heck, when Treasury Secretary Geithner went before the Senate Banking Committee to champion the Obama regulatory plan, he got an earful from legislators:
- Sen. Chris Dodd of Connecticut said giving the Fed uber-regulator status was “like a parent giving his son a bigger, faster car right after he crashed the family station wagon.”
- Sen. Jim Bunning of Kentucky said “Your plan puts a lot of faith in the Federal Reserve’s ability to spot risk and exercise its power to prevent the next crisis. However, if the Fed and other regulators had been doing their jobs and paying attention to what the banks and other firms were doing earlier this decade, they almost certainly could have prevented the mess … What makes you think that the Fed will do better this time around?”
- In an interview given to The American Banker, Senator Richard Shelby of Alabama went even further. He said: “The idea of putting more and more power in the Federal Reserve is, in my judgment, a huge mistake … They have utterly failed the American people as the regulator of the bank holding companies, most of which have gotten into bad, bad trouble financially. They are doing so many things outside the norm that nobody knows — no accountability for — and to run to the Federal Reserve and to say ‘Gosh, they are going to be the winner of everything out of all this,’ that is just nonsense.”
My bottom line verdict: Entrusting the Fed with more power makes no sense. Policymakers there have gotten so many things so wrong over the past several years, that you could easily make a case that the whole lot of ‘em should get the hook … not the keys to the financial kingdom.
JAMIE MCINTYRE’S COMMENTS:
I agree completely with the article below.
Obama has a lot of potential and I think he is a huge improvement on his predecessor like almost everybody, but giving the Federal Reserve more power is a huge mistake.
Considering the Fed is privately owned by the largest banking families in the world,has little or no accountability to the US Government. And is largely responsible for the Global Credit Crisis and many say deliberately caused the Great Depression for its own advantage to buy up many bank assets at rock bottom prices. Obama should be sacking the Fed Board Members and bringing the printing of US dollars back under control of the American People instead of the US Treasury going into debt every time the Fed Prints more fake money and charges the US Government and its taxpayers interest..
Instead he is doing the opposite and giving more power away by boosting the Feds power even further.
A decision I’m sure hell live to regret and unfortunately we may all pay for in Western Societies by rampant profiteering by the Feds owners at the expense of the US taxpayer.
Have your say, Please comment below or Click the Share button below
If you have ever wanted to START YOUR OWN INTERNET BUSINESS, MAKE MONEY ONLINE or have a new stream of income -you will NOT want to miss this once in a lifetime event…
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Plus for the first time ever, Jamie will teach his business building strategies that enabled him to start a business no-money-down and create millions of dollars in net worth. This includes, how to sell businesses in multiple ways such as licensing, franchising and even listing on the share market. One of Jamie’s friends recently left his job to take on a distressed concrete company No – Money Down and turned it into a $US60 Million Dollar company in just two years.
Building a business is the fast way to create serious wealth, and using the Internet is the best way to do it without needing capital to start.
OK. Let’s talk a little more about the investment required. For any Franchise Business you buy, you would be looking at a minimum of $250,000 plus. If you were to start a business from scratch how much would you pay in plant and equipment? Now you can learn from the leaders in the world of Internet marketing for a fraction of the cost.
Special $1,995 Bonus Free for 21st Century Homestudy Members
If you are a 21st Century Homestudy Member it’s free to attend any Internet & Business Mastery Seminar, saving you $1,995. However, there is limited seating so to reserve a seat before member allocated seats fill up, book now!
Special Spouse Bonus, Valued at $1,995
If you’re a 21st Century Homestudy Member and book your free ticket in the next 21 days you get a $1,995 Spouse Ticket for FREE, plus a teenager ticket for FREE!
Go to www.21stcenturyinternetsummit.com for upcoming seminar dates or to register your free ticket now! Or phone the seminar booking line on 1800 100 801 or if you have any questions please phone our member support team on 1800 899 740.
Recession equals Opportunity if we let go of the Fear.
You may have heard the chinese proverb “crisis is opportunity”
This is so true and to overcome a recession we need to see it as the opportunity that it is.
As challenging as a recession can be it creates a lot of opportunities for those who are willing to embrace the changing economic environment.
The recession has made many including myself to look at our overheads and expenses and eliminate wastage whether in companies or in your personal life.
In a boom time this would never occur but thanks to a recession I have eliminated millions a year in wastage in my companies and achieved massive efficiencies that would never have been discovered if the recession never occurred.
So have you eliminated unnecessary spending and overhead to become more efficient?
Recessions once every 10 or 15 years can be a valuable cycle for ecomonies to eliminate underperforming companies and make society more efficient and move employees from inefficient jobs to more productive and rewarding careers.
On a personal level it can make us in a material society not take for granted all the wealth that exists in our lives and truly appreciate the wonderful things we often take for granted and also simplify our lives to focus on what really matters most.
However the challenge of a recession is if people get fixated on the fear of sales disappearing or being made redundant.If so we lose our creativity and fail to innovate.
I have some friends who are doing it tough in business who are close to going broke..Multi Millionaires who may lose everything.I’ve had to say to them they need to change what they are doing and change fast to avoid their business and investments becoming worthless.
My tips have been to them and I suggest to any entrepreneur or individual
TIP 1: Cut costs and overhead early and fast.
Don’t delay or procrastinate and hope things get better.
Survival is the first goal.You must stay in the game to win it.
TIP 2: Then its time to now focus on innovation and new and better ways to do things.
In a recession, companies must focus on much better customer service to keep their clients and go for more repeat business,and often work harder to generate sales.
And focus on margins more then overall sales.
My group of companies this year will do only 60% of last years sales yet make more profit.
Why?
Because a focus on sales at expense of profit margins is a waste of time and energy.
And because I cut overheads hard and fast earlier,ie 50% of my staff across the 21st Century Group I cut and thus can maintain and actually increase margins with less sales.
As my first goal was to survive the Recession.
Then the second goal is to grow and thrive in a recession. To do this I needed to become very creative and focus on innovation.
Changing marketing,changing products,and lately launching new companies that are recession proof and putting others that struggle in a recession into hibernation to just survive until theirs an upturn.
Which leads me to my final tip.
Look for industries that will boom in a recession and look at how to tap into them.
I’m launching a whole new company called www.21st CenturyGlobalEducation.com.au purely as a recessionary business as it offers a business opportunity and is in the education industry also a booming industry in recessions.
And in a recession business opportunity type companies boom as well.
Ie Avon has reported record new recruits since the recession started.
MLM companies such as Amway always boom in recessions.
Why ?
As people are looking for additional forms of income.
Other industries and products that will boom in a Recession.
Education as people need to be retrained.
Alcohol sales.
Farmers Markets.
Cookbooks.
Chocolate
Home day care.
Affordable Beauty Products
Greying sector.
Products tailored to ageing baby boomers ranging from holidays and health care Renovations Business Coaching and personal coaching.
Remember in past recessions some of the worlds largest firms were founded during a recession such as Microsoft,Mcdonalds,GE,Disney,HP.
Australia has had 17 years of growth but despite that recessions are actually quite common.ie Australia has had 8 in the last 50 years.
So let’s embrace the recession and make the most of the opportunities it brings.
If you would like a copy of my new book “Time Rich” Please visit http://www.timerichbook.com.au/
Best Selling Author of “What I Didn’t Learn At School But Wish I Had” and self made millionaire Jamie McIntyre is donating his time and books to speak at High Schools around Australia and secures Richard Branson’s endorsement.
Jamie McIntyre whose bestselling book was released in 2004 and has been distributed to over 250,000 people so far and has 7 book titles in Bookstores currently is making himself available to speak at High Schools around Australia to teach what he believes is an education that should have been taught at school but wasn’t.
He is also donating a copy of his book to every student at the schools he address’s.
McIntyre also has just released 1000 teenage scholarships for teenagers to attend his 4 day “education for life ” seminars which adults pay as much as $4000 to attend.
See www.21stcenturyacademy.com for venues and dates.
He also said he is arranging an annual teenage summit free of charge to teenagers to attend and inviting leading Australian Entrepreneurs to address the students on valuable life skills.
He said he recently received endorsement from one of the world’s most famous entrepreneurs Richard Branson who he spent some time with recently in LA where Richard said he is more than happy to put his name behind McIntyre’s efforts to help better educate teenagers on life and financial skills in Australia as he passionately believes kids need a better education these days in what it takes to succeed in life.
Teachers who would like to have Mr McIntyre speak at their High Schools free of charge and receive free copies of his bestselling books for their students should contact Anna at 21st Century Education on 1800999270 or email jamie@21stca.com.au
Download a Free Copy of my Ebook. Visit www.21stCenturyAcademy.com
Please feel free to share this press release.
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Make Australia Post a Government Bank to compete against the big 4 banks.
CEO of the 21st Century Group says the Federal Government should immediately move to make Australia Post a Federally Funded Bank to compete against the major 4 banks, especially after CBA just raised their interest rates.
The Government can criticise banks all they want, but they have little to no power to stop them raising rates at will; not even the Reserve Bank has the power it used to.
And because they allowed the ACCC to approve the CBA takeover of Bank West, they have allowed one super large and arrogant bank to evolve that can throw its weight around and it is.
Australia Post already has retail outlets and already facilitates some basic banking functions such as, bill payments, so to move to a full bank is both realistic and possible.
It could be provided with Federal Funds to loan Australians home loans at lower rates then the major 4 banks forcing other banks to be more competitive and reducing their market share, meaning the Australia Post Bank would gain some of the huge profits banks now have boosting the benefits to tax payers even further.
At least serious consideration should be considered to the idea says Mr McIntyre who is one of Australia’s leading Educators and owner of a dozen companies including 21st Century Finance.
For a copy of my best Selling Book and DVD for free visit www.21stcenturyacademy.com
I invite you to comment in the area provided below.
—————————————————————-
Dear Jamie,
I saw your media release today regarding an Australia Post bank, which is a very good idea.
You will be interested to know that the New Zealand Government set up a new bank, Kiwibank, about six or seven years ago, as all the major NZ banks were foreign (in fact Australian) owned.
The new bank is owned by New Zealand Post, and operates throughout NZ through Post Offices and agencies. It has about 600,000 accounts, and is growing at a rate of about 100,000 a year. It is also profitable, and has exercised an important influence in keeping the foreign-owned banks honest! We have run a number of articles on it over the years in our publication News Weekly (www.newsweekly.com.au), which you can search for all references over recent years.
Regards,
Peter Westmore
(President, National Civic Council)
How can you make yourself Recession Proof in this Global Credit Crisis?
I was fortunate to have had a millionaire mentor some 15 years ago when I first made a commitment to becoming a self made millionaire before I turned 30.
Despite learning many secrets to property investing and business, the one key distinction I learnt and modelled from him was developing multiple income streams.
At the time he had approximately 15 different income streams from his varying companies and investments.
Ever since then, over the past 15 years I built up over a dozen different forms of incomes from varying companies I’ve started to my varying investments also. It’s a concept which I recommend others to consider.
Imagine how much certainty you could have right now in a recession if you had 2 or 3 different income streams let alone 12 or 15.
The reason most people feel uncertain around money is they are technically 2 weeks away from bankruptcy, meaning if they were made redundant which is very possible in todays environment,they could only survive 2 weeks from their savings before being unable to maintain their lifestyle.
How can YOU get started with a second or third income.
There are 4 key areas I’d suggest to create further wealth.
1. Property Investing; This can be a great long-term income generator and capital growth.
2. The share market is one of the fastest ways to generate instant cashflow and by instant I mean within the next 30 to 60 days.
I’m a big fan of using a combination of cashflow strategies such as “ share renting” which is a terminology I coined over a decade ago and have helped thousands retire from their jobs, along with other strategies that work hand in hand with share renting and also eminis trading.
3. Internet Businesses
A great way to develop multiple income streams with virtually no capital at risk and can be done whilst you still have the security of a full time job. This strategy simply requires education and time.
4. Perhaps the fastest way and mostly overlooked is your current ‘CAREER’.
I like to teach my students how to turn their job into a semi passive income and create a millionaires lifestyle within less then 12 months without even needing to become a millionaire and with the technology available today this is now possible.
Remember in times of financial crisis wealth is never lost but merely transferred and transferred to those that are financially educated and prepared to not only survive in this global credit crisis but thrive.
Jamie has kindly offered all Big Think readers a FREE downloadable copy of his best selling book ‘What I Didn’t Learn At School But Wish I Had’ and a free dvd to implement the above concepts into your life. Go to www.21stcenturyacademy.com to download your free ebook and order your DVD today.
I am excited by the concepts you are about to discover as I know they have had a profound impact on my life and also on many others. The concepts of this book actually all started 15 years ago when I was working for my millionaire mentor to learn how to become a self-made millionaire before I turned thirty.
He was an example in many areas especially financial success, but a warning in others as he was a workaholic and neglected his relationships. This made me commit to a promise that in the future any business or incomes I developed must be done in such a way that they would be largely automated and could ideally run without me, as my goal of being wealthy was to have not only the money but also importantly the time to do as I pleased. Effectively to be time rich so to speak which is worth a lot more then millions in the bank and being time poor and stressed.
Thus I set about building my business and life this way and being a generation X I had also seen my parents generation, the baby boomers, work hard all there life to one day retire to the so called good life at age 65. I saw the idiocy of this failed concept.
What I mean is, are we going to wait until we are 65 to travel to Europe and see the world? To young Australians that is crazy idea, thus we as a generation and particular generation Y age group are way to impatient for that. Baby boomers may rightfully say we also have far greater opportunity today. However, despite that society is riddled with the failed concept that you should work 5 or 6 days a week and have the weekend off, work 12 months and get 4 weeks off, work 45 years of your life and then finally retire and start living.
This concept of putting life off continually is so ingrained into our western societies is almost a sickness. What do I mean? I mean life is too precious to put it off. Life is to be lived and experienced now, not one day in the future.
Am I suggesting we should party today and not plan for tomorrow? Absolutely not! I am suggesting we plan today to become time rich and live our life now, whilst creating an extraordinary future. Some may say, “Sure if I was a self made millionaire like you, then I to could have a millionaires lifestyle and live life to the fullest everyday.”
Wrong! I created a millionaires lifestyle well before I became a millionaire and that’s what I am going to show you how in this book. When I became a millionaire I actually lost some of my lifestyle. I had Millions in cash and assets and was the wealthiest I had ever been financially, but the poorest in time and overly stressed and frustrated, because for a period I had neglected key principles which I will share in this book.
How can this be? Easy. Why? Because lifestyle has less to do with money then it has to do with planning. This Time Rich concept is all about working less and achieving more, but also about doing this instantly, differently and freeing your life up so you to can live a millionaires lifestyle in 12 months or less without needing to become a millionaire.
Now of course if you would like to become a millionaire then I have already written numerous books that can teach you various aspects of how to accomplish that. I have enclosed a free DVD offer with this book that will also teach you how, but this book is about something far more valuable then becoming a millionaire.
This book is about becoming Time Rich, as after all money buys Time and that’s the most valuable asset there is and I am going to show you how a small amount of money can buy you the life of your dreams.
You will be introduced to the concept I implemented into my life over a decade ago of taking a weeks holiday every 4 to 8 weeks and having mini-retirements. As an example I often work for 3 months and then take one month off.
I have also been inspired by Tim Ferris in his book 4 Hour Workweek was great to finally hear someone else espousing the concept I have been teaching for the past decade that I now call Time Rich.
People used to think I was crazy over ten years ago when I was telling people they should take one weeks holiday every 4 to 8 weeks if they truly want to live a great life – i.e. miniretirements.
The great thing about the Time Rich concept is I believe 70 percent of the population can apply these strategies to have a millionaire’s lifestyle within 12 months and they don’t require one cent of capital – nothing more then a shift in thinking and a shift in strategy and the use of technology that now makes it possible.
30 percent of the population by nature of their profession will have some limitations but can still apply many of these concepts and free up at least some of their time. This book will be as equally valuable to employees as employers, those that are just starting out and to those multi millionaires who have the money but have lost the time and their way. As well it will be equally valuable to those thinking the only way to create the dream life is that you have to be an investor when there is actually a far simpler way which you are about to discover.
To download a Free copy of the Time Rich book visit http://www.TimeRichBook.com.au/
Jamie
