Your Roadmap to Financial Independence Today!

Today I have the privilege of sharing with you the connections that I have been making over the last three months!  We know that our network plays a big part in our net worth and one of the ways we begin to meet and connect with people is through events.

  

I have brought together some of the best financial minds who are willing to share with you their tips, tools, and practices so you can begin to put them into play in your life.  As I have been working with these people I have been touched by their stories, learned so much from their work, and have been honored to spend time with them.

This is why I am super excited to personally invite you to this very special event The Mastery of Money – Your Roadmap to Financial Independence Today.    This event is my gift to you.

So often I hear people talking about financial independence as something that is far off in the future and will only happen when life events allow it to.  I promise you that is a myth, stop believing it.  You can begin to create financial independence today, no matter where you are starting from.

 

What if you heard the one thing that was a game changer for you?  How would your life be different if you knew with confidence that you were on the right road to financial independence?  This is what is possible for you in this event so make sure you register now!

Put yourself on your calendar, schedule in this free event,  to make sure you are able to finish 2013 strong and be in the best possible position for 2014.  I know I am glad I did!

In Abundance,

Sue Thompson

Financial Management Expert

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Minds of Financially Successful People

What if you could look into the minds of financially successful individuals and pull out exactly what you need to create Your Roadmap to Financial Independence Today?

Because the people in my life are very important to me and I know many of you are wanting to create financial independence, I am super excited to share with you a gift that could transform your financial well being.  

For the last 3 months I have been working to bring you this unique event!  To be very honest with you I am blown away by the value you will receive.  As you listen to the speakers you will literally have the  capacity to shake the negative thoughts right out of your brain and replace them with money producing idea’s, tools and practices.  Imagine being able to literally extract exactly what you need to start, grow, and profit your business the way you’ve always dreamed possible. 

Have you ever ask yourself these questions;

Why is it that some people can make money while others continue to struggle?

Is it possible to put down a habit of procrastination and self defeating practices and learn to pick up the formulas that are making people rich?

What are things I don't yet know that could take me to the next level?

This event is your gift for free. Putting our money where our mouth is and giving our time and expert advice. Knowing that people who have a winning network find greater success in shorter periods of time, it is my desire to share with you the Mastery of Money network.

If you are interested in also sharing this gift of financial independence with others kindly share it with your fellow entrepreneurs, your family and friends, and any others you know that could benefit from such an event.

 If you are ready for a real change I personally invite you to join myself and 21 Experts in The Mastery of Money - Your Roadmap to Financial Independence Today.

Click here to reserve your spot now!

In Abundance

Sue Thompson

Financial Management Expert

Contact Sue

Appointment with Sue 

www.abundanceaccounting.com
www.themasteryofmoney.com

https://www.facebook.com/TheMasteryOfMoney

Are you in Catch Up Mode?

Money will not come into chaos.

Often when people first come to work with us they are in what I call catch up mode. Typically they have all their receipts, because somewhere along the line they learned that was important, but balancing the check book was never a priority. When it comes to tax time they would create an elaborate spread sheet and total what they had the energy to work through for expenses. Income then was whatever was deposited in the bank. I will guarantee you that if this is your method of accounting you are paying way too much in tax and if you have an entity your corporate liability veil will not stand up. As well, you may be leaking money in ways you are not aware of.

"Learn to do paperwork or be poor."

Loral Langemeier

Get your numbers current, and keep them current, so you can always make decisions from fact, not emotion, and you can plan proactively for tax.

Money is a relationship, just like everything else. In order to have a good relationship with it you must spend some time with it. If keeping track of this kind of information on a daily, weekly or monthly basis is not your strong point, then hire some help—it will be well worth your investment. What is important is that you have a current Profit and Loss statement and a current Balance Sheet to review on a monthly basis whether you create them yourself or you have someone else do it. From these statements you will learn to read your numbers to hear the story they are telling you. You will learn to make decisions from them and in no time you will look forward to receiving them, yes, it can even become fun!

When you learn to focus on the revenue, whether that be in business or in wealth building personally, you will create revenue. It's not just about making money it’s about keeping it and putting it to work for you over and over and over! Current financial reports are the vehicle through which you do this. Imagine what life could be like when your cashflow is flowing in the positive on a regular basis and your decisions become about growth and not sustainability because you know sustainability is covered!

Getting started is always the biggest step. Remove all the judgment and just begin. The good news is once your system is in place it is easy to keep in place. The rewards are worth the effort! If you would like to explore different systems so you can create one that works best for you or if you have one and want to freshen it up let us know, we are always here to help.

In Abundance,

Sue

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Appointment with Sue 

www.abundanceaccounting.com
www.themasteryofmoney.com

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The Joy of Seasons and Money

I woke up to our first frost this morning. The sun was shining and I could feel the crispness of the air through the window. Immediately, I smiled and my mind went to time for flannel sheets, apples, and layered clothes. Each of these is a rhythm of my life that brings me happiness, which is why I smiled.

I love all the seasons, which is why I live in Montana. For me it is reflecting a time of change and bringing in new things.

Fall is my favorite though; it’s what I call sweatshirt weather. There is crispness in the mornings and evenings calling me to wrap up in warmer clothes and strong colors that inspire me to begin to look inward. These are habits for me. Habits that bring me joy.

When it comes to money we also have habits. The question is: are they habits that bring you joy? Habits that leave you feeling empowered? Habits that let you know you are on the path that makes your heart sing?

Often times, I find for most people, money is hard and chaotic and burdensome. I know this because I have been there too. The reason for this is the habits that we have. Money in our life has a rhythm, just like the rhythms of life we experience with a change in seasons. Taking time to first decide if that rhythm brings you joy or not is the first step. Once you know which things bring you joy, and which don’t, then you can begin to change the ones that don’t.

The good news is you can make this decision in the moment and then go to work finding and learning new ways to work with money so it is a joyful process for you. I always tell my clients my goal is to make money fun for them. So when it’s that day of the week or month to look at their numbers, it’s a joyful process.

As you step into this new season I encourage you to find one area of money where you can begin to have fun with it, experience joy with it. If I can do it, so can you!

In Abundance,

Sue

Contact Sue

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www.abundanceaccounting.com
www.themasteryofmoney.com

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What is your "MONEY" story?

Pay Yourself First - Of all the tips in wealth building this is absolutely my favorite.

It is also the most powerful tip when it comes to wealth building. Not only will it empower you, it will also make you wealthy. So not to take anything away from Nike but the truth is you just have to do it!

So what does it mean to pay yourself first? It is taking a specific amount of money on a consistent basis and putting it to work making money for you forever. The initial amount is not as important as the consistency to begin with. I know for myself I had every reason in the book why I had to spend those dollars rather than leave them in a wealth building account. Until one day it became crystal clear to me that without developing this habit I was not going to achieve the financial goals I had set for myself. I have lifestyle goals, contribution goals and legacy goals; all of which require money.

Have you ever heard the question which would you rather have today; a penny doubled every day for 30 days or a million dollars? The answer to this question is actually the penny.

Albert Einstein taught us why when he taught us the power of Compound Interest. Compound Interest is a mathematical concept we learned in grade school. The magnitude of the power of this concept is not something you will realize unless you put it to work in your life. You must experience it!!!

So my question to you is: If you are not doing this, why are you doing what you are doing? When you get up in the morning to do the work you are doing what is your why for doing it? Paying yourself first is a mindset. It is one of the ways the wealthy become wealthier. There is something in the "doing" of this that will affect how you think about and behave with money. It's not a get rich quick scheme. It will make you wealthy. Make it a habit and see what happens.

We would love to hear from you - Are you paying yourself first? How would this look? please share with us in the comments below.

In Abundance,

Sue

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www.abundanceaccounting.com

Good Debt and Bad Debt - Be in the Driver's Seat!

Many of us do not believe it is possible to be debt free. 

The truth is the truly wealthy don’t have debt. Consumerism and the escalating pricing of the past is a symptom of a much deeper issue in our culture. In the United States the only place you can learn how to handle money is at home or if you strike out on your own in search of knowledge. It is not something taught in grade school at the time it really is best to begin.

When I first started in mortgage and personal lending in the early 80’s (which really wasn’t that long ago :) rates began at 12-14%. This didn’t seem to be as much of a struggle for people as the lending serviceability requirements (the amount of debt payments vs your income). At that time the serviceability limits were: your mortgage could not be more than 32% of your income and your total debt portfolio (car loans, credit cards, etc) could not be more than 36% of your income. By the time the banking industry was crashing the total allowable serviceability was at 60%. It’s no wonder we were in trouble even before the markets crashed.

So if you were not brought up in a home where money was talked about (in a positive way) or entrepreneurship was a way of life then it’s up to you to take the bull by the horns and go in search of knowledge.

I can assure you it is a possibility to be debt free. There is good debt and bad debt - do you know the difference? Debt, like money, is also a tool for creating wealth and there are strategies for when and how to use it well. Be in the driver's seat. When it comes to debt, don't let it control you! The good news is it doesn’t matter where you are starting from you can eliminate debt and take control of your finances.

Contact Sue for more info on good debt and bad debt.

In Abundance,

Sue

Appointment with Sue 

www.abundanceaccounting.com

What is your level of resistance?

When it comes to learning new things we all have a level of resistance that sounds something like this - new things are hard, messy, and possibly irrelevant. Have you ever tried to a new hair style? The hairdresser does this amazing job. You look great walking out of the salon but the next morning after your shower you can’t remember how to make it happen. So what do you do? Well you try and each day it gets easier and better and finally your friends are complimenting you on your great hair style!

Financial literacy is no different. Truth; you never have to know more than basic math – addition, subtraction, multiplication and division. Once you begin down the road of learning it. It will build on itself and it won’t be long before the things that initially felt hard and messy are all of a sudden old hat and you are ready to build on them with additional ideas and tools.

Financial literacy is a learned skill. What that means for each of us is that it is possible for us too. It does not matter how old we are, how much money we have in the bank or what our work is, we can learn this.

So why would you want to learn financial literacy? They say money can’t buy you happiness. In my experience money touches every area of our lives. When we are not driving the bus it is driving us, taking up time and energy that we could be using to create the things and experiences in our lives that truly bring us joy.

Two of my favorite authors for financial literacy are Robert Kiyosaki, author of Rich Dad Poor Dad and Loral Langemeier, author of The Millionaire Maker.

"Most wealth is inconspicuous. The man down the street driving the nice car and living in the mansion could easily have greater debt and a lower net worth than the stealthy and wealthy plumber who drives a beat-up truck but seems to work only when he doesn't feel like fishing." Loral Langemeier

“We go to school to learn to work hard for money. I write books and create products that teach people how to have money work hard for them.” Robert Kiyosaki

Invest in learning. Learning can come in many forms: reading, webinars, classes, or coaching. For a lot of us, finances can be a scary topic. Fear is nothing more than a lack of knowledge on a topic. With the Internet today the world of knowledge is at our fingertips. Begin to explore.
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In Abundance,

Sue

Appointment with Sue 

www.abundanceaccounting.com