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Gold Coast, 8th Sept 2007, 4-Day Education 4 Life, Day 2

September 10th, 2007 by Ian

Day two at the Gold Coast has been fabulous!

Tony Christiansen

Tony Christiansen is a husband and father of three children, a successful businessman, a qualified lifeguard, a second degree black belt in Tae Kwon Do, a motor racing and speedway champion, an Olympic gold medal winning athlete and a commercial pilot. He has achieved many things including climbing Africa’s highest mountain – Mount Kilimanjaro. He also happens to not have any legs! Yes, that’s right; you might want to re-read the list of some of the things he has achieved! He is considered by many to be one of the worlds leading motivational/inspirational speakers. I now know why, as we heard him tell his story to us today. It was a moving, funny and highly inspirational talk and I felt honoured that he shared his story with us. If Tony can achieve all the things that he has, then I can achieve much more than I have so far. What a great start to day two!

By the way, there is more information about Tony at his website: www.tonytalks.com.

Everybody had started work on creating vision posters first thing this morning. Many dreams were identified and converted into goals. If you have seen the movie The Secret, you will know how powerful that process can be.

Jamie came back on stage and went through Share Renting with everyone. He also introduced us to three new initiatives:

  • a way of buying shares at a discount!
  • a new way of buying property at a discount and
  • a way of borrowing an extra 20% of the value of a property, on top of a normal home loan, interest free! You could buy a property with 100% finance (but repayments on only 80%) or buy a property that is more expensive than otherwise.

I’m eagerly waiting more details of these over the next two days.

Angus Knight

Angus Knight, the recommended share broker, took the discussion on share renting to greater depth for everyone by conducting a workshop and answering everyone’s questions on this highly popular and profitable strategy. Angus told us that this strategy is typically returning about 24% to 36% per annum for people at the moment. That’s a fabulous return for a low risk and simple to follow strategy that typically only takes a half-hour or so every month.

Andrew Dimitri

 

Andrew Dimitri presented a new options trading strategy where all the trades are performed for you by options trading experts who manage highly successful, multi-million dollar trading accounts. And have been for 25 years. There is nothing for you to do except watch the returns come rushing in! Andrew was legally unable to tell us the past performance of these traders (US Law apparently – bizarre but true!). However, he was able to say that their target is a return of at least 5% per month. Yes, that’s right, per MONTH, not per YEAR. That would be 60% per year – or more if the profits are re-invested. And, no work to do yourself! I will have to look into this one more myself!

Steve Molnar

Steve Molnar from Inner Circle reported in on the current status of the property market. I was surprised to hear the growth that is happening. For instance, prices in Melbourne have increased by 10% in the last quarter. The Inner Circle joint venture helps people in the Homestudy Club to get brand new investment property that has been built and furnished to a higher than standard specification, at below retail price. And, with the developer paying for things such as Stamp Duty. I look forward to hearing more on this.

cashflow-gc070908.JPG

After dinner we had a game of Cashflow. Well, actually, we had about 40 games of Cashflow! This is a great game and really hones your “investing muscles”. The idea of the game is to “do investment deals” to “get out of the rat race” as quickly as possible. If you have played it you will know that it can take one and a half hours or more to achieve this goal. Well, tonight, the winning team achieved it in about 20 minutes. I wonder whether this is a world record? The winners each won $4,420 – not bad for 20 minutes fun!

So lots of information was shared and lots of fun was had and we found that time had flown. The day ended around 1:00 am but nobody seemed to feel tired. So, everyone moved to the hotel bar where many stayed until it closed at 3:00 am. As Jamie says: “sleep is over-rated”. :-)

See you for day Three!

Ian

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