21st Century Academy

Rather than take the government’s word for it, consider the recent report from the Organisation for Economic Cooperation and Development (OECD) that states Australia’s economy is the one of the least affected by current recessionary conditions across the globe. Compared to other advanced members of the OECD, Australia is currently one of the healthiest countries, economically, throughout the world.

Current State of the Economy

Although the year 2009 has yet to end, the OECD forecasts the economic growth of our country to end somewhere around a positive 0.8 percent and expects it to increase another 2.4 percent in the upcoming year. Compare this to the economies of other OECD members which are expected to have decreased in 2009 by approximately 3.5 percent. The prediction is that the year 2010 will show only a modest economic growth of 1.9 percent.

Earlier forecasts regarding the unemployment rate have proven to be less than accurate, as well. According to OECD, it is expected that unemployment in 2010 will peak at 6.3 percent, far below the average of 9.1 percent in other advanced OECD countries. This is also much less than the government’s forecast of 6.75 percent.

Major infrastructure projects financed by the government and slated for the next year will boost company profits. Business credit has been very weak but with an economic rebound, that should change. Stimulus funds will be gradually reduced as the interest rate increases, both signs of a healthy economy. Housing prices are rising along with demand.

Good News for Investors

For the investor, a stronger economy represents real opportunities to become financially independent. This is a great time to invest in the stock market or real estate market. With recent ETS legislation shot down, investments in utilities and manufacturing are sure winners.

Learn more about how to take advantage of the strong economy and identify the best money-making opportunities by enrolling in Jamie McIntyre’s 21st Century Academy educational courses. As one of the country’s premier financial consultants, Jamie McIntyre is an expert at identifying economic factors that influence the ability to make a profit and is the best advisor regarding current investment prospects.

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Have you always been interested in building wealth and achieving financial independence? Have you been thinking of getting started with the 21st Century Academy and the excellent investment advice and strategies offered?

To truly achieve wealth, you must invest in your future. Perhaps you are experiencing some trepidation about taking that first step. Start small. Think about the things you can do now to get ready to fully integrate an investment plan in your financial goals. It doesn’t really matter how you get started; the key is to just get started. Here are some simple steps anyone can take.

Get Out of Debt

Pay down those high interest credit card bills and installment loans as quickly as possible.. You will never have the funds to start investing until you reduce, or eliminate, unnecessary debt. In fact, the money you purge in interest payments can be considered an addition to your income.

Create a budget and stick to it. Forgo those unneeded expenses and concentrate on putting any extra money into an investment fund. It may be less fun now, but you will thank yourself when your future is secure and you finally experience financial independence.

Educate Yourself

Learn everything you can about the best strategies for building wealth and continue this process; no one ever knows everything and there is always something further to learn no matter your experience. This is one of the main benefits of the 21st Century Academy system of investment – the resources for knowledge are nearly endless, are all derived from a very reliable source, and it allows the opportunity to network with others.

Create a Plan

You can have knowledge and you can have money, but without a plan your investment efforts will be less than effective. Everyone needs a game plan for investing in order to become successful. There is always a road map to follow.

Make plans to invest every dollar you save, and reinvest part of every dollar of profit you make. Creating buckets of wealth is a great strategy. Diversify your portfolio so that a crash in one market does not wipe out your entire capital assets accounts.

This is a simple formula for creating a wealth strategy. Reduce debt, gain knowledge of the markets and investment opportunities, and develop a clear-cut plan to follow. Before you know it, you will be perfectly poised to take advantage of profitable investment opportunities and experience real financial independence.

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When the real estate market and the economy are hitting bottom, can you still make money by investing in property? Yes you can! In fact, this provides the ideal environment for the investor who has studied the 21st Century Academy system of creating wealth and is ready to achieve financial independence.

Taking Advantage of Opportunities

In a declining economy, the hardest hit economic sector is the working class. Loss of jobs, an inability to pay the mortgage, and increasing debt all combine to decrease cash flow. This ultimately affects the real estate market. Property values decline and home sales are often limited to foreclosures and short sales.

Ensure you have a viable line of credit set up in order to start investing at the most opportune moment. Savvy investors with a solid credit history can become a real estate dealer or retailer, simply dealing in a contract rather than the actual property. The key is to be ready to jump on opportunities as they become available.

Making Sound Real Estate Investment Decisions

Real estate profitability is based on some sound decision-making. Before you run out and start buying up depressed properties, consider the outcome of the purchase.

Now is the time to hold onto real estate you already own. It is inevitable that the value will increase, so do not be hasty to sell off properties, even if the investment may look dismal at the present moment.

With a bit of working capital, 21st century investors can find some spectacular real estate bargains. Hunt for property in the most affluent neighbourhoods or highest-rated commercial zones. Chances are you can pick up valuable property for a fraction of its true value. This is an investment that will pay off handsomely in the future. Stay away from the cheapest pieces of real estate in traditionally depressed areas of the locale. If they were not worth much during a high real estate market, they won’t likely be worth much in the very near future.

Consider becoming a landlord until the property can be sold at a substantial profit. Yes there are risks in renting the real estate, but this is a great way to increase cash flow.

If you think the time is wrong to invest in real estate, you could be missing out on the opportunity to create a great return on your investments.

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As the year is quickly coming toward a close, it is a good time to start thinking about an annual review of your finances. Have you achieved the goals you set earlier in the year? Have you put away money to stock your investment fund? What about your investment decisions – were they sound and profitable?

The answers to these questions might not be as simple as you think. There are a couple of important factors you need to assess to give you a clearer picture of where you are now, and where you want to be next year at this time.

Cash Flow

What was your income this year? Did it exceed your expenses? In other words, did you have a positive or negative cash flow?

If it was negative, it is time to analyse the ‘whys’ of this deficit. It is also probably a good idea to create a strict budget and resolve to stick to it. You will never make money through investments if you do not have enough capital to work with. The ultimate goal is financial independence; if you are spending money on the latest toy or an evening’s entertainment, you are doing nothing to improve cash flow or stock your reserves.

Risk Management

Next, take a look at the outcome of your investment strategy. All investments carry risk; continual growth of your assets comes from successful management of those risks.

There are also personal risks involved. What would happen if you were to become disabled or lose your major source of income? Could you survive? If the answer is no, then it is time to beef up your investment portfolio and make it work for you.

For more sound investment counsel, be sure to download his free eBook and get started today on the path to creating wealth, the 21st Century Academy style.

Managing the flow of cash and investment risks are two of the most important factors in achieving personal financial independence. Don’t start the next new year without setting goals and coming up with a clear plan to achieve them.

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There is probably no one who does not want to find a passive income opportunity or create additional wealth. As the saying goes, “You can’t be too rich, or too thin.” The keys to financial independence are being disciplined enough to find investment funds, then acting on opportunities as they are presented.

There are many ways to build wealth. No two people will find success doing so in exactly the same way. But that is the great thing about investing in your financial future – you can do it in the manner that best suits you and your current situation. Young or old, single or head of a family, there is a perfect way to make money just waiting to make you rich.

Are You Prone to Mistakes?

The only thing holding you back are the mistakes you may make – or have made in the past. These include:

•    Scams and schemes – lots of people will try to get you to believe they can make your rich overnight. Beware outrageous and unsubstantiated claims. Increasing your income takes time and effort. If an opportunity sounds too good to be true, it probably is.
•    Too much research, too little action – how often have you thought to yourself, “If only I had done such and such way back when, today I would be rich.” Stop regretting past inaction and start now. Download Jamie McIntyre’s free e-book here and get on the road to financial independence.
•    The time excuse – yes, we are all busy. We hold a job, have a household to care of, and are committed to a variety of social activities or community involvement. But we seem to always make time for the things we really want to do. Now is the time to make wealth creation a priority.
•    Unplanned investments – if you do not have a road map to financial success, how can you tell if you are on track to reach your goals? Unplanned investing is a recipe for disaster. It is important to lay out your money making goals and define the steps to make them happen. Then act on them!

If you are guilty of one or more of these mistakes, don’t despair. Instead, get started on a new track. Wealth education helps you to: motivate yourself, be open to receiving good investment advice, and helps you to track your progress along the way toward success. You can find out more ways to increase your wealth at The 21st Century Academy.

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