Podcasts about october there

The flying season is all but over. So what can a pilot do on a rainy, miserable day in October? There are more options than just hibernating. I meet people who fly radio-controlled models capable of amazing tricks and explore one of the most niche bookshops in the country. Support the show (http://patreon.com/2kft)

5 Traits of the Rich Vs Poor   By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast   I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some people are rich and others are poor.   What I discovered is that having wealth has little to do with how hard people work, since millions of poor people work hard in jobs putting in long hours of sometimes backbreaking work all of their lives with little to show for it.   It is not all about academic qualifications. Education helps, as academic qualifications will increase your earning power over your lifetime. However, just have a university degree is not the key.   Where you live can make a difference, as people born in a first world country, like the UK, obviously have a huge advantage over millions of others born in developing countries even if they do not always appreciate their good fortune and often waste the many opportunities right in front of their noses! Yet even in poor countries, I have seen both poor and rich people, and observed similar rich traits and habits. If you go to any town in the UK, Europe or America, you will find the poor part of town and the bigger houses on the hill in the wealthier part of town. You will find people who are doing well and people who are struggling.   Is it down to luck? Luck or good fortune can play a part, but we all have those lucky breaks and times when opportunities seem to just fall in our lap. Unfortunately, we don’t always take advantage of those lucky breaks.   Can we make our own luck?   The great golfer, Gary Player, was once told by a spectator during a match, “Gary, that was a lucky shot”. He replied, “do you know, the more I practice, the luckier I get!”.   You could also say that “luck” happens when opportunity or good fortune meets preparation.   No, my research into the rich and successful has shown that it is not just about luck, hard work, education or, within reason, where you were born. Many successful wealthy people I know never went to university and were even thought of a stupid at school, like Richard Branson and Jamie Oliver who were later diagnosed as dyslexic. Billionaires, such as, Bill Gates and Steve Jobs dropped out of college.   Some people might blame external factors like the economy or the government. However, the government in the country like the UK or America makes it easy to set up a business and give tax breaks to entrepreneurs. The UK is a leading world economy and one of the easiest countries in the world to set up a business or a limited company or corporation. It has a good tax regime which encourages people to set up businesses. The economy will always fluctuate a little in boom and bust cycles, but some people seem to do well in good times and bad.   There are also thousands of free and very inexpensive courses, training programs and seminars to help people improve their knowledge and skills.   There are a number of traits of successful people - and by success I am using money as a means of measuring success for this example - whilst recognising that you can be successful in many endeavours that do not involve money.   Here are five common traits that separate the rich from the poor. And by poor, I mean the average person in a first world country living from pay cheque to pay cheque, living in first world poverty. They are not starving, they have the essentials and a roof over their heads, but they are struggling to keep their heads above water.   Mindset   One of the main traits of the wealthy is mindset. How they think about money, their attitude towards money and people with money, and how they think about and value themselves.   The rich think completely differently from the poor.   By changing your thoughts, you can change your life. This has been proved over and over again over hundreds of years, from Napoleon Hill, author of think and grow rich, to Oprah Winfrey who changed her thinking and life after being raped by a relative.   The rich make their money work for them, the Poor Work hard for their money   The poor work hard for the money, rich make their money work hard for them. Hard work alone will never make you rich, especially if you spend every penny you earn and never put anything aside for your future.   Leverage not Just Your Own Efforts   The poor trade their time for money, the rich use leverage. If you’re not leverage in your time you are probably somebody else’s leverage.   When I was young, I was told to get an education and get a good job, buy a house and save for a pension. Later I found out that the letters J.O.B stood for “just over broke’. No matter how hard I worked and how much I tried to save, I could never quite get ahead. It was only when I use the strategies practised by the rich for centuries but I changed my life.   The Rich Shop for Assets, The Poor Shop for Stuff   The poor spend their time shopping for consumer goods such as clothes and gadgets. The rich spend their time shopping for assets, such as properties, businesses and shares, and use other people’s money to acquire these assets.   Assets are not only physical things like a property. Assets can be intangible assets, such as a website, an app, a mailing list, a blog, an idea, a book, a podcast or a song. People are creating assets out of “nothing” or thin air every day. The great singer songwriter Lionel Richie said that “songs are in the air”.   The bestselling author of Rich Dad Poor Dad, Robert Kiyosaki, wrote that assets are things that put money in your pocket, liabilities are things that take money out of your pocket.   Other People’s Money (OPM) not Just Your Own Money   People without money often say things like, “you need money to make money” or “money goes to money”, both of which are limiting beliefs.   The rich have been using the concept of other people’s money for centuries to build huge fortunes, multi-national corporations, institutions and religious organisations.   Free yourself from the limiting beliefs that you need your own money to make money. There are many ways of starting a business and acquiring assets, such as property, even if you have no money of your own.   Although I have known this for years, I recently attended a course on buying property with “no money down”, which blew my mind because I never realised how many tools and strategies that I had been missing.   The speaker explained how five years earlier he’d been living in a room in a HMO, completely broke and over £100,000 in debt. He had to use no money down strategies because he literally had zero money for deposits on properties. A few short years later, he owns or controls a multi-million pound property portfolio, an estate agency and lives with the woman of his dreams in their dream house.   Even if you have your own money, you should learn how to use other people’s money to acquire assets, because that’s what rich people do. Ironically, the richer they are the less of their own money they have to use in business ventures. You say this time and time again with entrepreneurs like Richard Branson he just has to put his Virgin brand to business ventures that are not even his own idea to make another fortune.   The trainer on the course said, follow success and success will follow.   Most people think that the only way to buy a property is to scrimp for years and save up a large deposit. Buy to let investors generally think the same way, but soon run out of money for deposits. Again, these are limiting beliefs.   If you would like to learn how to acquire property assets with no money down, I urge you to take the course to learn how to do it from someone who went from someone who went from broke to multimillionaire in five years.   Earlier I said that the rich acquire assets, the rich use leverage and the rich make their money work hard for them instead of just trading their time for money.   You can learn how to acquire assets using the leverage of other people’s money so that you can quit the rat race and start stop trading your time and life for money. This is not a ‘get rich quick scheme’ and you will not become a millionaire overnight. The first aim is to enable you to replace the income you get from your job within six months, if you follow these the strategies taught on the course. Once you have done this, you can work on your business full time, instead of someone else’s, and from there the sky’s the limit.   If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.   Would you like an opportunity to attend a free No Money Down Discovery Day on 10th October? There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com:     Word of the Day   Tenant Buyer – Right to Own   A tenant buyer is a private tenant who is renting a property with a right to buy it on or before an agreed date in the future.   If you are currently a tenant and would like to buy your own home in the future, but unable to do so right now, drop me a line at Charles@CharlesKelly.net.

By Charles Kelly, Property Problem Solver, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast I spent years researching my book, Yes, Money Can Buy You Happiness, because I wanted to find out why some people are rich and others are poor. What I discovered is that having wealth has little to do with how hard people work, since millions of poor people work hard in jobs putting in long hours of sometimes backbreaking work all of their lives with little to show for it. It is not all about academic qualifications. Education helps, as academic qualifications will increase your earning power over your lifetime. However, just have a university degree is not the key. Where you live can make a difference, as people born in a first world country, like the UK, obviously have a huge advantage over millions of others born in developing countries even if they do not always appreciate their good fortune and often waste the many opportunities right in front of their noses! Yet even in poor countries, I have seen both poor and rich people, and observed similar rich traits and habits. If you go to any town in the UK, Europe or America, you will find the poor part of town and the bigger houses on the hill in the wealthier part of town. You will find people who are doing well and people who are struggling. Is it down to luck? Luck or good fortune can play a part, but we all have those lucky breaks and times when opportunities seem to just fall in our lap. Unfortunately, we don’t always take advantage of those lucky breaks. In this episode you'll discover the 5 traits, such as how the rich make their money work hard for them instead of just working hard for money, how they acquire assets using other people's money and more. See full article at www.moneytipsdaily.com Earlier I said that the rich acquire assets, the rich use leverage and the rich make their money work hard for them instead of just trading their time for money. You can learn how to acquire assets using the leverage of other people’s money so that you can quit the rat race and start stop trading your time and life for money. This is not a ‘get rich quick scheme’ and you will not become a millionaire overnight. The first aim is to enable you to replace the income you get from your job within six months, if you follow these the strategies taught on the course. Once you have done this, you can work on yourbusiness full time, instead of someone else’s, and from there the sky’s the limit. If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community. Would you like an opportunity to attend a free No Money Down Discovery Day on 10th October? There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. See more at www.moneytipsdaily.com Word of the Day Tenant Buyer – Right to Own A tenant buyer is a private tenant who is renting a property with a right to buy it on or before an agreed date in the future. If you are currently a tenant and would like to buy your own home in the future, but unable to do so right now, drop me a line at Charles@CharlesKelly.net.

Welcome to SWW …on a Monday … because we have been receiving a LOT of questions about what’s happening with this so-called “market crash”, why has the share market dropped so much, should we sell to cash to avoid massive losses?   Here’s the back story The Australian share market has wiped out all its gains from the last 12 months Some say we have entered a technical "correction", plus Following a massive sell-off on Wall Street overnight It has fallen by more than 10% since its peak in late-August until October There were days last week when it was dropping 2+% in a day   Why are markets tumbling? What America does, we follow, and so does the rest of the world The local market's substantial decline comes after the Dow Jones index fell more than 600 points – this wiped out all its gains since January - 10 months’ worth New York's benchmark S&P 500 index - down 3%, Nasdaq (tech heavy) - down 4.5% Australia is still faring better than some others when it comes to one-day losses; Tokyo's Nikkei (-3.4%), Seoul's Kospi (-2.5%) and Shanghai's composite index (2.6%)   Why is this occurring? There’s a number of reasons, but a lot possibly comes back to investors taking profits ahead of upcoming uncertainty US Share market in 2 years rose 40% until the declines over the past few weeks Uncertainty is a major factor on share markets; People get worried, they sell their investments… so the market goes down If you aren’t certain about what tomorrow holds, how can your plan and act today for it? Certainty and confidence in the share market are the key drivers of consistent growth Markets with too much confidence turn into bubbles This will always exist in the share market; Consistence in confidence leads to overconfidence, overconfidence then leads to bubbles … but then profit taking sets in Profit taking = Selling   Factors affecting sentiment and uncertainty; there are actually many things, but let’s focus on the major 4 US Midterms – Elections – Anyone heard of the blue wave coming? It is where the house and senate is voted on Among the 33 Class 1 Senate seats upfor regular election in 2018 are 23 currently held by Democrats, two by independents who caucus with the Senate Democrats, and eight by Republicans Republicans – 51 currently – All polls show Wyoming, Utah, Texas, Tennessee, North Dekota, Nebraska, Mississippi are all safe Republican – 8 seats up for re-election 6 are up for tossups – In independent states Democrats - 47 19 seats are safe There is an assumption – Republicans remain 51- Dems at 49 – but they’re still not in power. Media is saying the “blue wave” everywhere… but I don’t see it Economic advisor Larry Kudlow this week blamed the spectre of Democrat wins for falling market prices. Even if this is true, if it was the only reason for the market price fall, it is a great time to buy! Raising rates – The Fed are very quickly raising rates President Trump slammed Fed boss Jerome Powell, saying he threatened growth and appeared to "enjoy" hiking interest rates. - "Every time we do something great, he raises the interest rates," How does raising interest rates affect markets? Shares; Free cashflows of shares is used and in the equation the risk free is the denominator Analysts use the risk-free rate when they determine the intrinsic value of a stock. And the rates on Treasury securities are used as the risk-free rate. A lower risk-free rate typically translates into a higher intrinsic value. Bonds and Bond pricing; Rates rise, bond prices fall, and it’s worse the longer the duration Rate rises can hurt the valuations of both asset classes   Decline of Tech - disappointing quarterly earnings from some major American companies Tech stock declines drove much of the repricing 6 of the top 10 are tech stocks Geo-political Tariffs and trade wars Geopolitical tensions with oil producer Saudi Arabia for the killing of journalist Jamal Khashoggi EU – Low growth and Italy's conflict with the European Union regarding budget spending This could be a big one, not enough time here but will do an episode on the EU and economic breakup in a future ep   We have been talking about America – Why cover it, we are in Australia? This does matter for us, not for fundamentals but ‘monkey see, monkey do’ Crowd behaviour – Share markets around the world are highly correlated. Similar factors and similar human behaviour   What will cause Australia stocks to be volatile? Similar things - overarching factors mentioned before, specifically to us though: Political uncertainty is a big one; almost one Prime Minister every year for the last 7 years It’s hard to invest if you aren’t sure what is going on. As policies are likely to change so too does individual behaviour Example; You learn that the cost of bananas is likely to triple in price in two weeks’ time…most people rush out and buy bananas. When an outcome is likely from a political change, people change their behaviours prior to it even occurring   What will cause Australia to have slow growth in the long term? Regulation – Stifles growth and competition by increasing barrier to entry – reduces incentive Taxation – Detracts from the reward – again, reduces incentive   Examples: You can have growth with one and not the other Taxation – America after war: High taxes but low regulation, average 70-90% tax rate. There was, however, high growth. They did import a lot of gold and were one of the only developed countries not destroyed in the war Singapore had regulation but low taxes and no welfare – so, it has good growth.   When you have both high taxation and high regulation, GDP growth slows; GPD growth is important as it is highly correlated with share market growth Corporate Finance / Finance at Uni – joined the Investment Banking Challenge and we had to value a merger into the future. The initial growth would be large, but once the business mature. The growth assumption is almost on par with GPD growth of the overall economy. Our History of GDP growth Used to be more volatile, but consistently higher in number As regulation increases our growth narrows down to 2-3% p.a. over time What would it take for a market collapse? Housing crash – Either from lack of demand in property plus interest rates going up a lot The housing market may decline a bit, but not like in the U.S. Fiscal Cliff – Government debt defaulting, banks defaulting Anything that destroys the nature of financial markets The Share market is related to financial markets – And also the foundation of every other company operating A lot of companies need loans and credit to operate and they get that from the banks If the banks shut down, so do a lot of other companies if they are overleveraged and can’t operate on revenues alone Should you be worried? If the money is invested for a home deposit – maybe If the money is for the long term – not really This is part of the general market cycle What’s your end goal for your investment?   Ways to hedge against a collapse If you’re ok with something that carries a bit more risk: VIX, ended near 22% higher, to its highest since the turmoil during February's sell-off when markets started to perform. Not great over the longer term in a stable country. Gold – I’ll cover this in another episode next week Hold – Throughout the markets’ history, there have been collapses…ask yourself, are the markets still around? Not only are they around, most are a few percentage points off their high points What it would take to have a total market collapse – to get a 0% on all shares – Every company in Australia would need to go out of business. If that occurs we have more than our investment value to worry about. That is why it is important to be well diversified – if you only have 1, 2 or 3 companies in your portfolio the chances of 100% loss is much greater DCA in to the market – Take advantage of the downturns, but isn’t as risky as putting all into the market at the same time Example: If you have $10k to invest, put $4k in now and wait, if it goes down put another $4k in It may go up and it may go down – but at least you didn’t lose on $10k – nobody has a crystal ball In the next episode I’ll give you another side to the Trump Economy and why the US economy is has done really well until now. As always, if you have any questions hit me up at the contact page