5 Interior Design Features to Add Value.

What story does your property tell?

Perhaps it has a great view, great lighting or beautiful features which you want to emphasize. Maybe you want to lead the eye from inside-out, create an inside-outside living space or draw people to the heart of the home, the kitchen.

Whether you are staging, selling or redecorating you should consider your target market based on the area and the style of property you are working with.

Consider your property not only from your own eyes but from a buyers perspective. The goal is to add class and attract future buyers or renters as the case may be.

1. A Polished Luxury Feel.

Use quality materials such as marble and brass fittings particularly in the kitchen and the bathrooms.

Take care of details such as flooring and tiles; they should be aesthetically pleasing but also hard wearing.

Freshly paint the walls for an instant makeover.

2. Tidy & Minimalistic.

De-clutter the property by creating plenty of storage space. In smaller spaces, you will have to get creative and make secret storages wherever possible.

Ensure to create a clear, open and welcoming entranceway which makes a big first and lasting impression.

3. Light, Neutral, Space.

A neutral palette is preferred. By keeping the decor classic, it remains timeless and individual buyers can visualize putting their own stamp on the property.

Use clever design details such as lighting and mirrors to promote a sense of spaciousness and brightness around the property.

Consider renovation: knock a wall down if feasible to create an open plan space.

4. Tech/ Eco-Friendly Features.

Incorporate smart features and tech additions to update the property and align it with the digital age. For example, a music system seamlessly fitted into every room of the property.

Also consider, features such as solar panels, climate control and heated flooring to add personalization and comfort.

5. Amenities.

This could be anything from a pool, tennis courts, fitness centre or spa, BBQ area or terrace, depending on the size of your property.

Such amenities within the property adds luxury and gives all the more reason to spend your time and money there.

Think like an Entrepreneur AND an Investor.

Let’s take a look at entrepreneurs…primarily they act on their creative vision and implement their ideas with passion and optimistic belief…. Alternatively, the Investors primary goal is to assess risk and raise profit.

So how do these ideas relate to our personal finance and wealth?

It all comes down to your natural abilities and how you generally handle decision making and life pursuits. If we can identify our natural state of being, then we can add new ways of thinking and act as both the “investor” and the “entrepreneur”.


“Finance Focused and Passionate…”


…We become finance focused and passionate in our pursuits. We are able to predict risk and assess decisions based on cash flow and on our gut feelings.

Action Plan:

Entrepreneurial Enthusiasm: Maintain it to stay motivated. Remind yourself what you want to achieve, take daily actions and keep pushing forwards.

Be Prudent: Always underestimate future profits and overestimate costs and competition.

Be doubtful: Always do thorough research and question everything presented to you. Address doubts and create counterarguments.

Value: Look at your channels of income with the eyes of an investor… What Value do you offer? What Value does your business offer? What is the value of the investment project you are assessing? What is the realistic financial outcome?

Capability: Know your strengths and limitations and know when to get support. This increases your reach and ultimately increases your wealth building potential.


“Expect the Best. Prepare for the Worst.”


…It’s like that expression, “Expect the best. Prepare for the worst”. To me, this perfectly sums up the values shared here and this way of thinking is sure to put you on track for financial success. The perfect position to craft the life you want.

Get Wealthy in Real Estate.

What’s the difference between you and someone wealthy right now? Leverage and about a 10 year period of asset accumulation since the last recession.

The market works in cycles and if you choose to invest now while prices are low YOU will be the wealthy one 10 years from now. Seems like a long shot? Wealthy people always plan long term.

Think like an investor and invest your money now. If there is excess money just sitting in the bank, it is dead money and not working for you, only losing value.

But why invest in Real Estate?

•LEVERAGE: You don’t even need to supply the full cost upfront. You can borrow money for the initial down payment or pay it over time with a mortgage. This works in your favour.

•A Physical Asset and a home to live in giving you SECURITY.

•EQUITY opportunities: As the value of the property increases over time you can essentially “withdraw” the extra cash or refinance the property with a second loan and reinvest it on a second property.

•Future PASSIVE INCOME: Find a tenant and rent it out for a second income.

•Stable Safe Investment with LOW RISK. This small risk can be further reduced by thoroughly researching the costs, property and area BEFORE investing.

Most important things before deciding to invest:

•Be able to Negotiate a Discount on the selling price. Say, the property requires maintenance or the selling offer is too high, you can get the price down.

•Calculate Costs in advance including refurbishment costs, expenses like annual maintenance costs and property insurance.

•Calculate potential Average Rental Income by valuation and by looking at other similar properties on the market.

•Calculate Net Operating Income (income minus total costs).

•Calculate the Return on Investment based on these numbers.

RETURN ON INVESTMENT (ROI) = Net Income/ Cost of initial investment.

•A good way to evaluate Returns are:

Wealthy money: 13-20%

Healthy money: 9-12%

Safe money: 5-8%

Dead money: 0-4%

•Note: Your Net Operating Income decides what kind of financing you can afford to pay each month.

So there it is…Seek out your own real estate investment opportunities. Check your local areas and do the maths. If it’s your first investment, you can live in it or if possible you can rent it out, and pay off your financing. Keep it simple. Keep it smart. You’ll be one step closer to that life of wealth you dream of.

These ideas can be explored further in: “The Millionaire Real Estate Investor: Gary Keller”.

Top 5 Books for Wealth:


“Wealth is the transfer of money from the impatient to the patient.”

Warren Buffett

The Richest Man in Babylon: George S. Clason

Beautiful tale set in ancient Babylon and one mans path to riches. Great imagery, such as the jingling of gold, stays in your mind long after!

Rich Dad, Poor Dad: Robert T. Kiyosaki

The story of a boy with two fathers: one with a “poor mindset” and the other with rich habits and a wealthy life. Nice to contrast the two.

Think & Grow Rich: Napoleon Hill

Personal development ideas to adopt a “rich mindset”. Touches on lots of philosophy and psychology.

The Millionaire Real Estate Investor: Gary Keller

Inspiring read on the A to Z of property investing. Creates vision and has practical tools for networking, investing and growing.

Rich Habits, Poor Habits: Tom Corley& Michael Yardney

Follows the habits of the wealthy and examines poor generational habits we may have picked up from parents or family. Good tool for self analysis!

Top Skills to Create Opportunity & Abundance…

The stairway to success is not so steep if you develop and master these skills to create opportunities and attract abundance into your life…


“Stay Humble, Stay Driven.”


Communication & Interpersonal Skills:

•Communicate clearly. Practice talking with all levels of people that you encounter in a clear concise manner.

•Be available: Be easily reachable for any opportunities coming your way.

•Network for opportunities: Surround yourself with smart, successful people in all kinds of fields to learn from them what has lead to their success.

Personal Qualities:

•A Success driven mentality: follow through on all your goals, even seemingly small tasks will help you learn and keep you on track. Stay humble, stay driven.

•Vision & Personal Belief: You decide what you want and believe you have what it takes to go after it. You know when to take action and go for it.

•Emotional Stability & Self Control: A controlled mindset will both save you money and prevent you from poor decision making in life and business. Keep yourself in check.

•Good work habits: Time management and thoroughness are both key to getting things done successfully and to a high standard. It is highly regarded and desirable for future opportunities.

Market Yourself:

•Create opportunity for yourself by being in the right place at the right time. Choose the area with best value, best reputation and best potential.

•Present yourself confidently to the world so really believe in your abilities and what you can achieve.

•Develop your public speaking and writing abilities for correspondence or for personal branding.

•Dress for Success: Invest money in your appearance in order to look and feel successful.

Learning:

•”The more you Learn, the more you Earn.” -Gary Keller

•Be so knowledgeable about your area of choice that you can confidently discuss it and make informed decisions. Be able to predict and seek upcoming opportunities.

•Continue to learn and stay ahead of new trends.

Detachment:

•Meditation or Prayer is a way to step back from your passions to restore your spiritual energy. Take a rest and gain new perspective.

•Know when to step back and enjoy the fruits of your labour. Spoil yourself.


At the start of your journey, it is about learning and practice. Success and wealth will not happen overnight but if every year you are gaining a bit more and a bit more you will feel satisfied with the hustle and reach the final goal with passion.

Seek opportunity and know when to grab onto it. Stay humble and stay driven.

The 80/20 Rule.

The 80/20 Rule also known as “Paretos Law” explains that twenty percent of the people will own 80 percent of the income and wealth in any economy, at any time.

They say this rule equally applies to wealth building… 20 percent of wealth creation is about making plans and taking action. The other 80 percent is due to Accountability and not just to yourself.

So, find yourself that someone, a loved one or mentor to be accountable to and who will keep you on track.


“You and you alone get to Decide Your Financial Future.”


The 80/20 rule shows us that financial wealth may be imbalanced but it is NOT PREDESTINED…Ding! Lightbulb moment!

Life is always about choices. “You and you alone get to decide your financial future.” -Gary Keller.

Live in the Light

Living in the light is to rise up and choose optimism and positivity over darkness, from people to things and influences affecting your life. It is about releasing worries and hurts. It is about capturing the small joys and making them big.

Living in the light is choosing love over hate…realizing that we are here on this Earth to love ourselves and love one another. It is to show kindness, be respectful, forgive ourselves and forgive others even when it’s difficult.


“Become better than you were yesterday.”


Living in the light is having faith and trusting the journey. It is being accountable, growing and working on yourself to become better than you were yesterday. It is knowing deep down that whenever you feel strong or weak, you will find a way to follow your path to your life’s purpose.


“Light attracts more Light.”


Light attracts more light and it fills your life up with love and abundance. It is believing that there is plenty of goodness for everyone and that you can both seek it and share it. Set aside whatever is holding you back. Reach for it and it will be yours.

Wealth, Goals & Net Worth

With 4 months left of this year, we ask ourselves…What have we achieved financially, so far this year or this month? What have we achieved TODAY?

Review:

Businesses have quarterly financial statements to share the highlights, challenges and goals faced by the business during that period… We can adopt the same practice and consider our personal finances as our personal business, whether it is a quarterly, bi-annual or an annual, end of year review. Whatever suits you best.

Net Worth:

We can calculate and measure our wealth via Net Worth: The total of our Assets (Cash, Savings, Property, Investments…) minus our Liabilities (Credit Cards, Loans, Expenses, Costs…). We are left with an approximate figure of our wealth. (Not considering Capital Gains Tax, when an asset is sold, or Appreciation gained on property).

Alternatively you might just want to track your Cash and Savings Total separately from other assets for a more accurate calculation of your present wealth. This is because you will not be charged Tax whenever withdrawing those funds, so the figure will not be reduced any further.


“…Predict future Cash Flow and Seek Investments.”


Profit & Loss Templates can be found online if you prefer to make an Excel spreadsheet or if you’re more of a journal fan, you can scribble down your income and expenses and review your finances manually…. Learning to read financial statements is essential as it can save you money long term if you spot over-charges or discrepancies. It can also help you look for income increasing opportunities by working with tax laws depending on income amount; predict future cash flow and seek investments.

Whether you have taken time to learn something new or financially beneficial today, added to your income or perhaps negotiated prices you have taken steps towards a more secure financial future.

Financially, where do you want to be, by year end? Or 5-10 years from now? Let’s keep pushing forwards and take each moment in our stride.Wishing you ever increasing cash flows, abundance and wealth!

Optimism doesn’t Cost you Anything…

When your mind wanders, maybe you’re earning less during this period or you’re purposefully keeping expenses low as you work towards your goals, just think…


“Optimism doesn’t cost you anythingit’s free!”


…It’s not a new idea but it’s nice to emphasize that not all good things will chip away at your bank balance, as your days pass by and you move towards your goals.

It’s a winning default state of mind. Distract yourself with cheap or free interests, if need be. Learn something useful through different resources and talk to people with similar goals to stay on track. Review your goals and remind yourself of the “why”.


“Raise your vibe to stay Positive and Resilient.”


Raise your vibe to stay positive and resilient. You’ve got nothing to lose and every dollar won counts towards your dreams and financial freedom.

The Fastest Way to $1m…

They say the fastest way to your first million is not through more income but by better lifestyle choices. These particular ideas work for me…

5 Better Lifestyle Choices for Wealth:

Spend and Save:

Enjoy your life while you’re here but create better spending habits. On payday or once a month, directly transfer as much as you can afford to a savings account AND pay down debts such as credit cards. Slowly increase this amount over time while paying off the debt. (More on this later)

Delay:

Delay making large spends until you can afford it without credit.

Sleep on it. Save for it. It’s not easy but your credit card will charge you lots of interest and it’s going to mount up until you finally pay it off. (Stress!)

Invest in Timeless Pieces:

We all like to look good. Our appearance and style is like our brand to the world after all. Quality items and well fitted garments are key. You will look stylish and presentable without needing to keep replacing them. Or alternatively, update your style with a few smaller on-trend accessories within budget.

Invest in Yourself:

Build your confidence to achieve what you want by educating yourself on the game of money.

It will change your perspective and you will think more of the long term rather than just short term.


“Educate yourself on the Game of Money.”


You will decide it is better to INVEST your hard earned money and make it work for you versus paying someone else.

Lifestyle Choices:

Take a look at how you spend your time, who you spend it with and consider how you could be using it more wisely. Top activities/expenses may be shopping, always eating out, taxis, expensive nightlife and “needing” new outfits for every occasion.


“Be Intentional.”


By month end you are left with nothing in the bank if you are not careful. Take time to be intentional with your money, time and choices. Always look for cheaper alternatives. Real friends will not care where you get together to enjoy your company.


So, we all want everything, right now. The fine living, the clothes, the social life. But what’s not so glamorous is the text message from the bank reminding you of your creeping debts in the middle of dinner.

Don’t just flip over the phone! Let’s take back the reigns of our life and decide we are in charge of our money! Some are easy and some are tough steps, but when you start to see your increased Cash Flow, it feels amazing.

Your NET WORTH is growing and you are closer than ever to the wealthy life of your dreams…