There are people out there who seem to constantly find themselves in financial trouble because they invest their money into ventures promising outstanding results in no time at all with very little input or effort. What these people fail to understand is that unless you win the Lotto or inherit a pile of money, to accumulate wealth takes time, effort, education and above all commitment.

If you are not prepared to educate yourself and be committed to a plan to achieve your goals you will not be capable of managing a large sum of money.

Building a business or investment portfolio from nothing is a structured step by step process which starts very slowly with education and gradually builds as you start investing and building self confidence. When you find the formula that works for you and you become confident with it and the process begins to speed up. Before you know it you wake up one morning and wonder what you are going to do with all this money.

Once the process begins to speed up it will continue to speed up at a pace which is equal to your own personal growth.

Most people get frustrated after a couple of years because their bank balance hasn’t doubled and give up. The problem is that most people when they start investing, they will over estimate what they can achieve in 12 months but massively under estimate what they can achieve in 10 years.

In order for your investment to grow your level of awareness must grow. This takes time, commitment and patience.

The important thing is to take action! If you don’t change your actions you can’t change your results. But you have to start at the beginning with the appropriate education, even if you have a significant amount of equity to get started.

Start with education, build your self confidence and then start investing. If you follow this simple approach you will achieve your goals a lot quicker than failing consecutively on schemes which sound too good to be true.

Bye for now

Tim

A cold call is when someone rings you, who you have never heard of, claiming to be from an investment company offering amazing results with very little input.

The information I am about to give you comes from my own experience. Many years ago when I was a lot younger and as it turns out quite naive and vulnerable, I allowed myself to be cheated of US$16,000 in an international investment scam.

These organisations are a sophisticated group of talented individuals who are extremely persuasive. They have extraordinary marketing skills and websites they will direct you to that are extremely professional and very realistic business profiles.

The way the system works is you get a random phone call from someone asking if you would like to learn more about an investment strategy which offers high returns with no risk. They then explain that one of their investment advisors will call you to discuss the investment. The caller will be Australian but the company will operate from overseas.

A couple of days will pass and you will get the second call. This person explains the strategy with quite an astounding level of detail and professionalism. At this point they tell you that you’re such an important potential client that they will refer you to their institutional division where you will be treated as an extremely important portfolio.

If you have come this far through the process, it’s fair to say they have got you and you are about to lose a lot of money. Generally you will be told your investment type is an option contract or a futures contract which expires in 30 days.

Their paperwork is an impeccable fraud to the untrained eye and they have people claiming to be from the Securities Exchange Commission (SEC) in the USA explaining what you are about to enter into and that the company is registered with them, to give you the secure feeling that you are dealing with legitimate people.

As soon as you transfer the money into their overseas bank account it will be gone forever!

It is worth noting that there are legitimate companies that engage in cold calling but they are invariably Australia companies which can be checked out by the Australia Securities and Investment Commission (ASIC).

What I now know is that the best brokers and investment companies don’t engage in cold calling because their business thrives on its reputation and they consider it unethical.

My advice to you is that if anyone cold calls you to be firm and even rude if necessary and tell them never to call you again. Store their number and hand it on to the Australian Federal Police to investigate.

Bye for now

Tim