Issue #3 – 21st June 2019

1) Understands money (to get enough of it)

2) Innovative (developed problem solving skillset)

3) Control over their time and their life

Are you integrated or disintegrated?

The integrated individual is more successful financially than the disintegrated individual.  That is because the integrated individual understands money well enough to get enough of it (are not afraid to seek advice and help to ensure investing success).  Integrated individuals have a more advanced problem solving skillset and yet are no more intelligent than disintegrated individuals – they learn it. Disintegrated individuals make do, accept what is.  Integrated individuals have control over their time beyond daily to do lists and prioritising tasks – and therefore their lives.  Disintegrated individuals, despite being busy, progress at a slower pace by comparison, are less effective – they are “shackled” by everyday life. 

Step one  …  The Integrated Individual (i3)

 

Financial Planning

Positioning for Success

Financial planning is not the same thing as investing.  Financial planning is more about how well you position you and your family for financial safety and success long term.  Saving in Kiwisaver or owning a rental property is not financial planning. They could be components of a plan but are more transactional in nature and far removed from an overarching framework and strategy.  Do you see what I mean?  Financial planning will include household budgeting and cashflow management, asset ownership and control, personal risk management, building an investment base that is large enough to generate sufficient passive income later.  The combination of them all is financial planning / positioning.

 

 

 

Mindset Alignment

Align your behaviour with your goals

Aligning your mindset is about engineering your behaviour, so that it is congruent with those big, difficult, long term goals.  Things like having enough money to educate your children, your ideal home, preferred motor vehicles, travel, total financial independence and so on.  For example, if you think small rather than big, you can only achieve small, not big.  Do you think $3 million (in addition to your home) is a lot of money? 

 

 

Investing

Price is what you pay; value is what you get

Investing success is right here.  It begins and ends with the correct methodology.  As I have mentioned previously, thinking beyond where you invest to how you invest is the starting point.  Once you are good with that, then consider value investing as the methodology.

 

 

 

“Wealth consists not in having great possessions, but in having few wants.”

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