Focus on cash flow but don’t get obsessed

  Most people work for 40 years or more before they retire. That’s a long time to commit yourself to building your retirement nest egg. Not to mention taking 25 or 30 years of that to buy your home. Did you ever hear that Bill Gates quote – I think it’s Bill Gates – Might be Tony Robbins… “Most people overestimate what they can do in one year and underestimate what they can do in ten years.” ― Bill Gates or Tony Robbins… Maybe some …

Suddenly the rainbow ends in South Australia – will other follow?

South Australia is burdened with the highest unemployment rate out of all the Australian states. It also had a sluggish economy, and its property market drags its heels like a sulky kid who dropped his ice-cream. But a few years ago the South Australian government conceived of a plan to change all that. It’s been slowly phased in over the last year or so and sometime this year it will be in full effect. The SA govt has bravely gone where no other state government …

You Only See What you Want To See (and the precious gem hidden in that)

I live in Byron Bay – the place has got a reputation. You ask anyone who doesn’t live here about Byron and they’ll tell you it’s all new-age and full of hippies. What I’m about to discuss is going to make me sound like a Byron, Bay hippy… I call coincidence! I want to discuss the notion of people only seeing what they want to see. That we see reality based on our beliefs and only our beliefs. And I want to present some evidence …

Forget Sorry Forget No – Get The deal

It’s interesting how there are some things that get passed down through the generations. Maybe it runs through the culture. In the states, you get hardcore right wing bible bashers and there’s something in the fact that America was colonised by first, Spanish Iberian Catholics, then by Portuguese and French missionaries, then by the puritan Calvinists… It’s no wonder religion, god and the bible still form such a strong part of their culture. Whether everyone believes in god or not, you only have to hear …

The Universal Cost Of Inaction

I was on a sales call once… By that I mean that there was a guy on the phone trying to sell me something, and he said something that, at the time I wrote off as sales trickery. He said “you’ve got two choices, you can either keep going the way you’ve been going or you can choose something new and get results you’ve never got before”. You’ve probably heard something akin to this before if you’ve been in any kind of wealth or success …

New rules for developers – but who cares?

I’ve noticed that some councils have started to allow people to build much more on house blocks. It used to be that a 350 sqm block used to be the smallest house block you could build on… And you could build one house, and that’s all. Architects, small developers and a population increasingly worried about affordability have been pushing for smaller options. There’s already a “small house movement” where people are building homes on the back of large trailers… But now some councils are dipping …

Getting creative with the rules of finance

The big 4 banks would have you believe that they are the one stop shop for all your lending needs. They’ll tell you that they are “reputable” and other lenders are not (they won’t say it out loud but they will imply it)Truth is that there are heaps of lenders out there. Second, third tier lenders and even private lenders could be used to get you into the deal you want. It all comes down to deciding what is going to work best in the …

Roman warnings about your profit expectations

  When you start a business there are a lot of expenses. If you have offices or a shopfront there will be a fitout. There’s stock to buy, maybe staff to pay and legal and insurances which you need to get in place before you can even open the doors. All of that adds up to a big outlay up front before you’ve even made a single brass razoo. People generally know this and it’s not uncommon to factor into a business plan that the …

Where people lose focus

  I wanted to share something that I believe holds a lot of people back from achieving more. It’s to do with where you focus… And one thing you may be forgetting to focus on. Your first instinct might be to say “Nah-James that doesn’t happen for me”, but you’d be surprised how often I see this one thing come up fro people in all kinds of subtle and covertly unconscious ways. Happens to me all the time. It’s this: The feeling that because someone …

How long can you sit around doing not much?

When I moved up to Byron Bay many years ago I wasn’t actually moving here. I’d bought a property that was a bit of a fixer-upper and I just came up here to renovate the place. I just never left. I did renovate the place – but I also fell in love with Byron Bay and decided to stay. At the time I’d already created enough passive income to live on so there were no worries there, but I didn’t have any specific purpose for …