To what am I referring to exactly?!  Well, that will be revealed later on in the post!

First of all let’s talk about money! That modern day necessity that used to make the world go round but is now, essentially, debt! A subject I touched upon in my last post ‘In Debt We Trust’!

This blog ‘Becoming Financially Savvy’ was created to empower individuals, like you, thru the teachings of financial education, particularly in our current economic climate, to make your money work harder; earn more money; and save more money in a non-invasive, cost effective and inflation reducing way.

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Debt, that stranglehold around our finances as well as the cause of sleepless nights and daily worries for many of us, doesn’t look as if it will be going away anytime, soon, for us or the global economy!

So what should we do about it? We should get financially educated, because financial education is the only way to combat the debilitating state ’debt’ creates for many of us. We need to increase our knowledge of debt in order to overcome our fear of it.

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There is a saying which goes ‘you need to know where you’re coming  from in order to know where you’re going.’ To a certain extent this is true! We are, after all, a product of our upbringing and conditioning, and then as we become adults, our social circles and peers.  It is these influences that ultimately guide our decision making and choices.  And as such, if you are really serious about your financial future and becoming (more) financially savvy, then it is vital that you do the following; -

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NEET - Not in Employment, Education or Training

I recently watched programme on BBC IPlayer called The Return of the Real Apprentices, produced by documentary makers Panorama.  http://www.bbc.co.uk/programmes/b00s5xsn

It was based on a case study on four NEETs in Swindon, UK before the recession and after the recession.  NEET (Not in Employment, Education or Training), is term attached to unemployed individuals under the age of 25 here in the UK.  An age group the government desperately wants to get back into employment, as ultimately they are the future of the British workforce, thus the economy.

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I have been awake since the early hours of this morning itching to get on my laptop and write about what an awesome day yesterday was.  I attended an event called Success Summit at which Dani Johnson was appearing.  If you don’t know who Dani Johnson then you need to get to know her!  Check out my post on her here!!

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In keeping with the theme of the current wealth creation series I am doing, to coincide with the start of  new financial (tax) year 2010 -2011, I thought I would write about the various income models one can use to create wealth.

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In preparation for the start of the New Financial New Year – Monday April 5th, I’ve decided to kick start the year with a series on Wealth Creation. This will entail looking at the various vehicles a person can  use to make an income and/or even a fortune outside of the conventional 9-5 job*, such as –

• Internet Marketing
• Affiliate Marketing
• Trading
• Property
• Network Marketing
• Starting your own business

Most people, if given the option would love to live their life by design.  A life where you are your own boss; where you can make a living doing what you love;  and creating a residual and/or passive income from anywhere in the world!  Making this sort of dream a reality, however, takes time, a lot of work, growth and more importantly vision and patience! So the question is, are you one of those people, and are you willing to work for that dream?  

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One of the key aspects to becoming (more) financially savvy is understanding that your wealth does not solely come from your sweat but also from your thoughts! What your mind can conceive, man can achieve, as Napoleon Hill’s famous quote states. Or even “Wealth is the product of man’s capacity to think.”

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Are you protecting your savings from the tax man?

The ending of March indicates the approaching of three of key things: 1. Clock change, 2. Spring and Bank Holidays, and 3. Budgets and ISA investment deadlines.

The ISA – Individual Savings Account was introduced by the government to promote investing, and is the tax‐efficient way to hold investments. You don’t pay any tax on capital gains made and you don’t have to show details on your tax return. What’s more you can withdraw as much as you like from your ISA without losing the tax‐free status.

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When it comes to financial education one of my favourite authors is Robert Kiyosaki! He took an unpopular subject: Money and how it works, and broke it down for the everyday person making it more popular and easier to understand; as well as more accessible and applicable to the average person and their lives.  His books have changed people’s lives!

Rich Dad, Poor Dad, his most popular and best-selling book has sold over 17 million copies; was on the NY Times best selling list for going on seven years, and has been translated into fifty-one languages.  From that first book, seven other books have followed making up the Rich Dad series, including one called ‘Rich Dad’s CASHFLOW Quadrant.

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