Your Investment Success Now!

Not a lot you may think … but when Ian and I first started changing our financial lives one of our mentors gave us a sage piece of advice. This one piece of advice enabled us to wipe out our “Bad” debt, start saving money and resulted in me losing 5 kilos!

And let me tell you there was a lot of “BAD” debt and NO savings!!!

So if you are struggling to find a way to start changing your financial position and maybe you’re even thinking “I don’t have any money to start with”, then I highly recommend you take this piece of advice and start applying it right now!

No excuses, no blaming anyone else, just take responsibility and do this one simple thing and I can guarantee you, you will be astonished at what results you’ll start to see.

This piece of advice is, at the end of the day, so simple you won’t believe it.

Our mentor told us “Before doing anything with your money ask yourself this one question, ‘Am I consuming or am I investing?’”

So what does that mean and how can you apply it to your life?

Well, in this instance “consuming” is something you do that will give you no long term benefit. In fact it can be detrimental to you. So, for instance, buying junk food, which may taste great in the short term and fill a short term need but in the long term has little or no nutritional value and probably a high fat content!

So, before spending your hard earned cash on, say, a new pair of shoes (and this does come from someone who loves shoes) you ask yourself the question: “Now Liz, are you consuming or investing?”. I can justify this purchase (as any woman can when a pair of shoes is involved) but deep in my subconscious I know that I don’t need them and they most certainly will not put money into my pocket and will not increase in value either. So, if I am truthful, then the answer for the shoe purchase will be “I’m consuming”.

I can now make a conscious choice as to what I am going to do: consume or not.

This may make it sound tedious, boring and maybe even a bit complicated but trust me, when you get in the flow of doing it, you’ll be amazed at the results.

Ian and I had been consuming BIG TIME, yes, to the tune of ‘bad’ debt of $1.5 Million!!! And to get to where we wanted to be this debt was one of the key things we had to get rid of. We also effectively had NO savings another key thing that had to change.

Our lives needed to change dramatically for us to achieve our financial goals. One of the key things that helped us was we asked ourselves this question every single time we did anything with our money and I’m not even talking big sums of money. What we found was that we were predominantly consuming and mainly on things that were not helping us!

And when you start asking yourself this question on a daily basis I know you’ll be absolutely astonished at how many times you reach into your pocket and spend your money. In fact, start counting how many times in one day you spend money and, more importantly, at the end of the day what you have to show for it!

Now I’m not talking about becoming penny pinching, miserly spend thrifts who spend all their time counting pennies and being miserable. I’m talking about becoming consciously aware of what you are doing so that you are making a conscious choice. Then and only then, can you start on the path of mastering money by making conscious choices and taking full responsibility for your actions.

And back to the original thought which is “What has becoming an investor got to do with losing weight?”. Well, what we found was that asking this question became a habit and we started to apply it to lots of other things, one being the food we ate. Soon our eating habits changed and we were eating healthy nutritious food, we cut out a lot of junk and take-aways and replaced them with food that was investing in our future health. And surprise, surprise we lost weight and felt better.

So the next time you are thinking of doing something with your money or food ask yourself one simple question: “Am I investing or am I consuming?”

Let us know if you decide to start asking yourself this question and let us know what happens.

Liz

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