Pssst - Don’t tell anyone ….

...I have actually learned how to LEGALLY PRINT MONEY, (in any currency :-) )…

Last year I decided to learn how the Internet works and to see if I could use it as part of my marketing strategy. The objective was to see if I could apply the Formula For Riches to Internet Marketing and to be able to do it all myself (Not relying on EXPERTS).

I invested seriously into myself (the 1st Law of a Wealth Creator = First understand before you invest). It took me about six months to do so and I really put in the TEM$ (Time, Energy, Mindset and Money).

I launched my first site http://www.learn-to-invest-money.com/ on the 21st November 2007 just after 15h20 to 652 people on one of my databases.

I was blown away with the response.

Within the first five minutes six people responded. It was as if I invented my own Auto-bank in my lunch room.

I was literally printing money.

Each time I looked at my inbox there was more.

Within 24 hours I made more than $2,000.00. At that stage the rand/dollar was about seven rands to the dollar.

My total investment for http://www.learn-to-invest-money.com/ was $128.4. It took me less than 1 hour to offset all my risk.

Within a day my ROI (Return On Investment) was 1,457.63%.

Within a week it was 2,563.8%.

I applied the Roll In strategy about two months ago and launched my second website http://www.warriorsagainstdebt.com/

This time I not only developed a website but I have actually developed my own Website Building SYSTEM - and it cost me not a cent. (Again applying the Formula For Riches.)

My Return On Investment (ROI) on my initial investment today (3rd November 2008) stand on more than 476,551%.

What is the WEALTH INSIGHT lessons?

Invest in yourself and make sure you understand what Internet Marketing is all about before you actually do it.

Don’t trust the experts - or if you wish “trust but verify”. There is a lot of sales-talk out there and less than 1% is really working, the rest will only cost you money.

Learn the Formula For Riches (FFR) and how to apply it. (Chapter twelve of my e-book “The Formula For Riches - The Difference Between Rich And Poor”.)

To all your success!

Dr Hannes Dreyer
Wealth Creators Mentor & INTERNET ENTREPRENEUR :-)

PS I would like you comments…

Urgent: ABSA bondholders

Some people are getting letters about their ABSA access bonds. (Those who haven’t received them yet – I was informed by the ABSA helpline that they are being sent out in batches. In the meantime I suggest you contact them anyway just to check – Their helpline telephone number is 0860 111 007.)

As you know, I advise people to limit their financial risk and many people – as part of this strategy have put into their bond not only the monthly repayment required of them, but over and above that, any extra money, annual bonus etc.

In other words they use their bond as a savings as well as risk management tool.

Now your access to this extra money – your money - could be limited by ABSA’s latest move!

Apparently they are going to stop people from borrowing the capital they have repaid – you will only be able to borrow the extra money over and above the required monthly repayments and then only on application, which means financial statements, proof of income, etc. Unless your access bond is what they refer to as a 264 and not a 261.

(A Flexi Bond - Outstanding Balance is a 261. A Flexi Bond – Advance is a 264.)

If your bond is a 261 (phone and find out if you don’t know!) and you want to withdraw your extra money you will have to go through an entire application process. At the very least it will be a big hassle. At the worst – well, as you know I recommend that you plan for the worst - and you really need to draw on your emergency funds ... they can turn down your application.

If you have a 264 nothing will change and you will still have access to the extra funds you have “parked” in your bond. They assured me that it will not be necessary to go through an application process if you want to withdraw it. But I advise you to perhaps get it in writing – I do not have an ABSA bond myself – I have been finding out on behalf of my students – so I personally cannot say beyond what I was told on the phone.

As I said, this is my understanding based on two phone calls to the ABSA helpline. They say they are doing this because people who are financially strapped are withdrawing bond money to pay living expenses, or to fund property investments, with money that they do not have, and in doing so put not only themselves but also the bank and their clients at risk. Also, they mentioned that if you do fall behind on a payment, ABSA takes it out of that “bonus” portion – so maybe they want to keep your money as their insurance!

So ...

For the people who received letters saying the date for this change was 15 October, I suggest you go into the branch before then and withdraw all the “bonus” money you may have been “parking” in your access bond as a way of reducing your total interest on the bond, as well as having a convenient place to keep extra money until you want to use it.

Ask the bank to change your bond to a 264.

Once that has been done, you can “redeposit it” in your flexi bond. This will give you the flexibility to have access to your funds and at the same time give you a tax free high interest rate on your investment. (But first make sure about their rules)

For the people who have an ABSA bond but no letter yet, phone the helpline, find out what kind of bond you have, and when you need to do this.

For people with bonds with other banks, keep an eye out for similar moves on their part.

Always remember it is the financial risks - like high interest on outstanding bonds - that kill people financially. Off cause if you do not have a bond none of this is applicable to you.

The only way to build real wealth is to learn how to eliminate RISK by following the Formula For Riches and to apply the principles of the Warriors Against Debt.

To all your success

Dr Hannes Dreyer
PS. If you have not attended one of my Debt Eradication Seminars I will strongly advise you to do so. On the 16th & 28th of October (in Midrand) and the 22nd of October (in Cape Town) I will tell you a story on how a bank tried to stop me from becoming a Wealth Creator. Make sure you book your seat by following this link http://www.hannesdreyer.co.za/FreeSeminarBook.asp or simply phone my office (012) 542 4560/1383.

Some of the secrets of true wealth - from the truly wealthy

Warren Buffett says happiness comes from within. And yet he has so much “external wealth” that millions of people read books about him to find out how it’s done.

Here’s a clue as to what his secret really is:

Warren Buffet doesn’t own his personal jet like the Hollywood stars do – even though he’s far wealthier. He doesn’t own a massive yacht. Or a mansion. Why not?

Because he doesn’t want those things and he’s not going to get them just to impress people.

I don’t think he’d object to owning these things if he truly wanted them. But he knows that a private jet or a massive yacht will not make him happy – and he doesn’t have either of those for his personal use because he simply does not feel the need. He can’t understand why you would want a huge yacht simply because it’s a bit bigger than anyone else’s. He lives in the same small three bedroom house that he’s lived in for the last 50 years.

Why? Because he’s happy like that.

These facts are well known, and they make a good story. But there is a lesson in there for all of us:

Warren Buffett doesn’t care a bit about what other people think. Some years ago when the stock market was going up and up – he wasn’t buying. He was ridiculed for doing nothing. But he knew one of the main rules of wealth – if there is nothing to be done, do nothing. He had the patience and the discipline to sit it out until conditions were right and then he took action – and hugely increased his wealth.

So it is clear that he takes a different approach to investing – one that ignores crazy crowd behaviour, the gurus, fashionable trends, opinion pieces in the financial pages, everything except what really matters. And it works.

The lesson?

Live in the house you want to, even if it is a mansion.

Have a yacht if you want to – if you really enjoy sailing. If it’s really you.

Do what really works for you.

And, importantly, find a formula for wealth that really works no matter what the crowd says. A formula that usually means you’re going in the opposite direction to the masses. A formula that works in any and all economic cycles. A formula like the Formula for Riches – simple, powerful, effective, tested, timeless.

If you do what you love and love what you do, you’ll be productive and happy. If you have the courage to be yourself, you can be all you could ever be. If you have the guts to stick to the truth no matter what others are doing, you will be wealthy.

We’re always asking, why are things getting tougher financially?

But I thought today I’d turn that question around and ask who is benefiting from things being the way they are?

Oil companies – Exxon made $40,610 million in 2007 ($40.61 billion, or nearly $78,000 per minute). Its previous record was $39.5 billion in 2006. Shell, Chevron and other oil companies weren’t far behind. They dominated the list of the top 10 earning companies in the world. Not too surprising though ... since oil prices jumped about 100 dollars over the past few years, where do you think the money would be going to?

Banks and insurance companies are also very, very prominent and come high up on the Fortune 500 list. They make their money out of interest fees and charges. And business has been very good for them for some time now. What does that mean for you?

So ...

If you drive a car or travel in one...
If you have a bank account or loan...
If you have insurance ....

You might want to know why these are the most profitable companies in the world, while your premiums and your interest rates just keep going up.

They may be massive corporations with company jets and glittering high rise head offices, but in the end of the day there is a correlation between your costs and their profits. Don’t let all that financial jargon intimidate you. It’s simpler than you think. Your costs ARE their profits.

Just something for you to think about.

And remember, it is not possible for the consciousness that created a problem to solve it.

The system cannot and will not heal itself. Why would it, when the profits are so good?

So if you are part of the system – by which I mean, if you are not challenging and questioning it, and finding the real, simple, solutions that can set you free, then you are a slave of the system.

The Formula for Riches is a simple solution to wealth creation and everything else you want to address.

The solutions to all problems are much simpler than we have been led to believe. Because the system that depends on us to feed it is hardly going to voluntarily change things, is it?

But you can change yourself. Starting with your mind. That is the way of freedom. Financial freedom and every other kind.

What sleep does for us

We know we need it. We know we feel worse if we sleep badly. We know that sleep deprivation will kill you in the end.

Yet it’s still a time which is very unknown.

During certain phases of sleep your body and brain restore and heal themselves. The best time for this work is before midnight, so you have an advantage if you’re an early to bed type.

While you sleep, your brain mulls over the information from the day before. It files it away, decides which is important and which is not. It “lays down” memories worth keeping and lets go of those it decides are not that crucial. It helps you match information from old memories to your newest memories, seeing connections, matching information that might not seem related.

People who work in creative fields know that after a period of intense effort on a task, it’s best then to rest, sleep on it, and wait for one’s subconscious mind to come up with a solution. And very often, if enough work is put into the first phase, and then you take some time off and go and do something quite different for a day or two, it will come to you in a flash.

The answer seems so inspired and yet so simple you wondered how you could have missed it. The answer is, rest and letting your mind get on with it without your conscious interference is the key.

Many incredible scientific discoveries have been made this way. I myself have come up with some extremely important wealth creation formulae in this way, such as the Formula for Riches, which is key to wealth creation and is also the subject of my book “The Formula for Riches, the Difference Between Rich and Poor”.

Different ways to learn

I talk to many, many people, and I learn so much along the way.

For example, the reason I started my property investment courses and the mentorship programme was to help people learn from my experiences – avoid the mistakes, save time and money, and get there quicker.

I’ve always understood the value of paying money to learn in a day or a year what it took someone else many years or a lifetime to develop. The money you pay is always a fraction of the true cost and the true value.

But not everyone learns this way. For example, someone who attended my property course some years back, couldn’t resist the attraction of going with the crowd, following the advice of the ‘gurus’ and buying property during the boom when many deals were overpriced.

He bought at low IRRs and with poor cashflow, but bargain on capital growth, expecting the rising market to cover him. Even though everyone said you can’t go wrong with property, things did not go as expected and now he is out of pocket in a very big way every month. Luckily he is able to survive because he’s highly qualified and has ways to increase his earnings significantly. But of course it has been a strain for him.

He’s someone who perhaps needs to learn by first-hand experience because even when he learns from someone else like me, his nature is to test it out and see what happens. And there is nothing wrong with that so long as you can survive it. It does mean slower wealth creation and much higher financial stress. But the lesson, once learned, is going to go so deep that you will never forget it.

Another student of mine had already bought 14 properties when he attended my property course and learned about the crucial second calculation. He decided shortly after going home and doing the calculations on all 14 properties, that 8 of them were not actually the good investments they looked like when he bought. So he sold them. He sold when the boom was still going, so he got good prices. And he freed up a lot of money to put into truly good investments. And had the calculations not worked out for any new prospects for a few years, then he would have done what I tell everyone to do: if there is nothing to do, do nothing! Two “okay” buys do not add up to one good one. And any mediocre buy is an opportunity cost that is slowing you down in terms of wealth creation. Something that Warren Buffet understood. But it does take guts, to ignore the criticism and to resist the temptation of jumping onto the bandwagon.

As you can imagine, he is doing very well today.

Think about your own style of learning. If you’re like the first guy – that’s fine. You need lessons that go deep. Try and choose lessons that are real, but not too expensive! You should consult the Formula for Riches to find out how to make sure your lessons do not hurt you if they go wrong.

If you’re like the second guy, then learn, learn, learn all you can by studying what other people do. Knowing that the prices for the right kind of wealth creation books and courses are always just a tiny fraction of what the lessons cost when lived through in real life!

However you prefer to learn, I hope you find the lessons you want and need, and the ones that help you grow!

How to avoid a major drain on your time and energy – and in the process, ensure you make better decisions!

Studies have found that the brain finds making decisions particularly taxing. It also finds it hard work to focus.

If you ever get that feeling that switching tasks feels like turning the Titanic – and you can almost FEEL your brain scraping against that iceberg as you do so, creaking and screeching in protest – well, you’re right!

If we fritter our mental energy away making meaningless or small decisions, like we do in a grocery store, for example ... then we are likely to tire ourselves and – perhaps more importantly - make bad decisions.

The brain capacity involved is easily over-used. Especially in today’s world of split-second decision making, fast cars and fast modems, and not to mention, a plethora of often meaningless choices that we are forced to make every time we enter a shop. And yet we are assumed to welcome a greater choice! Notice how many adverts trumpet the wonderful gift of “wide choice”, “huge range”, “so much to choose from”, “a world of choice”, “lots of options to suit you” and so on.

A morning spent in this way can lead to an afternoon of making important decisions – badly.

Even completely unrelated choices. In the morning it’s which of the fifteen coffees to have, the mocha, the latte, the this, the that – and the afternoon it could be what kind of trust to set up, or how to structure a deal. In this case, the deal is going to suffer, thanks to the coffee choices in the morning.

In this way, your brain is like a muscle. And you wouldn’t go for a long run the morning before a race, would you?

Any kind of choice (which magazine, which breakfast, which coffee) will do this to you. Anything that takes conscious effort and has some kind of consequence, even if it’s not terribly important (decaff or espresso). You could end up making a great decision about breakfast at 8am and a bad one about your finances at 3pm.

Knowing this, it becomes clear that you need to cut down on your choices rather than increase them. Windsurfing or golf? Fishing or a family drive? Wealth Creation or carrying on as before? The black shoes or the brown? The blue tie or the grey? All of these decisions have a price to be paid in terms of your mental energy, focus and effectiveness.

Juggling tasks – what we call multi-tasking – is therefore also not a good idea as you use up energy prioritizing and scheduling things before you even get started.

And the end result is that your judgement suffers. Something we really cannot afford to have happen to us! Other effects – you tend to give up easier when faced with challenges; you tend to put things off repeatedly; the quality of your work suffers; and you even tire physically.

Now – if you were a marketer – signing someone up for an account – knowing this, perhaps you would put a whole string of meaningless and unimportant decisions into your application process (what color card?) , and then when it comes time to negotiate the interest rate, you could benefit from this fatigue! On the other hand, you as a consumer, knowing this, could spot and resist any such distractions and make sure you put your own priorities first!

Remember that Freud’s discoveries about how the human mind and psyche function were used FIRST by the founder of public relations, his nephew Edward Bernays, to help companies and governments control the public ... and only then did they go on to be read and known more widely. A little known fact. Those with the knowledge truly do have the potential of power. The good thing about that is – you can inform yourself, and if you take any action(apply it) to improve your knowledge, you will be ahead of the crowd. Your best strategy, always, is to inform (invest in) yourself.