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Values

     Tropical Beach? Check

     Hammock? Check

     Chilled fresh coconut? Check

     Sunnies? Check

     Island tunes? Check

What does your ideal life look like? What are you doing? Who are you with? Where are you? How are you feeling?

A short time ago I was my own worst boss.

You know the one who is constantly on your back, 24/7 watching you, criticizing you and measuring you. The type of boss that nothing is ever good enough for and when it is; well that's to be expected. Now get back to work!

I was once told to achieve and move forward “the pain of moving forward must be less than the pain of standing still”.

The message I heard was “always be in pain”. I talked this way to myself for over a decade.

Regularly I would wake at 2 am in a cold sweat, fearing about business, my clients, bills, staff, expetations, procedures and more. I worried a lot and all the time. I put on weight, I lost weight, lost interest in everything and became excruciatingly cynical.

Then I chose stand up to myself and my inner bully boss saying "No more! This is hurting me not helping me".

Life is more than money. Money is important but only to the extent that it allows us to enjoy what is important to us.

Where had it all gotten so wrong?

Looking back I remember embracing financial planning (seventeen years ago) because I got to learn about money, help others achieve what’s important to them, and doing so, I could also achieve what was important to me.

Today the same passion to learn, help and live an ideal life still burns within in me; however for a long time I was immensely unhappy because I had bought into the belief (promoted by the industry and media) that my only value was to make clients money and that this was more important than helping them achieve their goals and the things more important to them in life than money. i.e. living an ideal life without financial concern.

To move forward I had to revisit, reassess and document my own values. I had to reconsider my goals and personal milestones and benchmark once more where I was in relation to where I wanted to be. Just like I facilitate with my clients today.

The result? Happiness. Confidence. Peace. Certainty. Empowerment. Inspiration and Clarity.

It’s important to note that these results didn’t just happen simply because I had documented my values, goals and benchmarked them.

Achieving these results required my total commitment to a plan of action, accountability, implementation and activities across all areas of my life, including my relationships, health, spirit, career, finances and new experiences.

Surprising, even to me, when re-aligning my choices to my core values, long standing milestones quickly came within reach and others that I thought were important became less so.

Making choices aligned to my values has enabled me to make better decisions, in less time and with greater confidence. This has also lead me onto experiencing greater peace, enriched experiences, deeper relationships and much more.

Aligning choices to our values is simple but not easy.

Chosing to do so requires 100% commitment, honest conversations with ourselves and those important to us, turning off from low value distractions and patience, however when we begin and are on the path of mastery, the ultimate reward is not a gold medal but the path itself.

Here are some tips I apply to my own life:

  1. Consistency beats perfection.
  2. Enjoy what you do.
  3. It’s not what you have, it’s what you do with it.
  4. Know where you’re going and why it’s important to you.
  5. Trust is a combination of both character and competence.
  6. Investing in oneself is the best investment one can ever make.
  7. Life is not a dress rehearsal.
  8. When your values are clear your decisions are easy!

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RainbowI was once told by a close friend that “When you’re going through hell, keep going!”

Today these words continue to encourage and motivate me when I struggle through times of difficulty; even while I’m living here in paradise.

Once a king called upon all of his wise men and asked them, “Is there a mantra which works in every situation, in every circumstance, in every place and in every time – in every joy, every sorrow, every defeat, and every victory – one answer for all questions?  Something which can help me when none of you is able to advise me? Tell me, is there any mantra?”

All the wise men were puzzled by the King’s question.  After a lengthy discussion, an old man suggested something which appealed to all of them.  They went to the King and gave him a ring with words engraved into it, with a condition that the King was not to read it out of curiosity.  Only if, in extreme danger, when the King finds himself alone and there seems to be no way out, only then he can read it.  The King wore the ring without reading the engraving.

Sometime later, the neighbours attacked the kingdom. The King and his army fought bravely but lost the battle.  The King fled on his horse and the enemies followed him. The King found himself standing at the mouth of a deep ditch. If he jumped into it, there would be no way out. The sound of the enemy horses were approaching fast and the King became restless. There was nowhere else to go.

The King remembered his ring and about the engraving. He decided to read the message.

“This, too, shall pass.”

The King read it again and again until something struck him. Yes! This, too, will pass. Only a few days ago, I was enjoying my kingdom; I was the mightiest of all the Kings.  Yet today, the Kingdom and all its pleasures are gone.  I am trying to flee from my enemies. But just as those days of luxuries have gone, this time of danger will pass, too.

Calm came over the King. He remained still and silent. The King looked around at the place where he was standing and realized how beautiful it was.  He had never known that such a beautiful place existed in his Kingdom.

The revelation of the ring’s message had a great effect on him.  He relaxed and forgot about his pursuing enemies. After a while, he realized that the noise of galloping horses had receded and that his enemies had lost him.

The King gathered himself and reorganized his shambled forces and fought again.  He defeated the enemy and reclaimed his empire.  When he returned to the city after the victory, he was received with much fanfare.  The whole capital was rejoicing and everyone was in a festive mood. Flowers rained down upon the King from every house, from every terrace as he trotted by.  People were dancing and singing.  In this moment the King thought to himself, “I am one of the bravest and greatest Kings.  It is not easy to defeat me.”  In all of the celebration an ego emerged in the King.

Then a ray of sunlight caught the King’s ring and sharply flashed into his eye reminding him of its message, “This, too, shall pass.”

He lowered his gaze and his valiant expression changed to one of humility. He realized, again, that if this, too, is going to pass, it is not yours. The defeat was not yours. The victory was not yours. You are just a player. Everything passes by. We are witnesses of all of this. We are the beholders.

Character building, guts, a rite of passage and increase self-confidence maybe the dividend of overcoming our difficulties however, What if the choices we make are in fact compounding our trouble? What if we subconsciously attract troubles into our life so we have something to motivate, distract, or justify to ourselves? Worse still, what if we don’t even realise our choices are compounding our troubles?

It sounds cliché but in my experience I needed to hit rock bottom.

Worse still, when I thought I had reached rock bottom, something else would happen and it take me even lower. I even made conscious decisions to hurt myself further in my self-loathing state.

My cynical joke, “it’s always darkest before it all goes pitch black”. Obviously I was not having a healthy relationship with myself and this unhealthy relationship only compounded my troubles.

What was my circuit breaker?

I gave up, all of it, all of me. I accepted that I couldn’t help myself. I was broken and for me I needed to experience acceptance without judgement.

After long searching, fighting, hurting, questioning and sincere prayers I accepted a peace offering. I accepted Christ in my life and in doing so accepted peace with God. Why? Because while I might not like myself and others felt obliged and even happy to point out my flaws; along with everything “This too shall pass”.

Peace has given me the courage to reconsider my priorities and embrace new experiences. It has provided both clarity and minimised distractions, enriching far more of my life than I had first expected.

Here’s some Tips I apply in my own life:

  • Find peace. Don’t stop searching until you find it.
  • Remove all expectations, just be.
  • Embrace nature. It’s free and inspiring
  • Change your environment and exercise more.
  • Live your truth, your values and do the activities that underpin your growth.
  • Share your burden with someone you trust
  • Breath
  • Never give up!

Thank you, from me to you. Thank you for allowing me to share my truth and being part of this journey. My hope is that these words inspire you, comfort you and you find peace.

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

 

 

 

 

 Sunrise swimWe meet again my old friend! It’s has been twenty eight years since we last greeted each other. I am here not to compete with you or anyone else, I’m here only to enjoy the experience and improve myself.

5.30am my toes gripping the ledge of the swimming pool as I roll forward and dive into the water.

These days my pool maybe surrounded by coconut palms, the water a comfortable twenty five degrees and the private competition pool less than fifty meters walk away from my home, however I still need to make a conscious decision to get in and swim!

Be it diving into a pool half asleep at 5.30am or wanting to achieve anything important to me in life. After committing myself I have always experienced an initial shock, then awareness and the reality of my decision followed by my acceptance and then simply getting on with the job or task at hand.

Regardless of how many books I read or courses I complete, for me success has required full immersion, simply doing the work and improving my technique and strengths along the way. Just like learning to swim; to become confident and competent required me to step out of my comfort zone and into the pool.

The danger is that success (earned or not) is highly euphoric as it releases natural dopamine’s within you. The quest for this natural high can become all-consuming if gone unchecked.

An even greater risk to us is when the expectations of success are not realised. Increasing our risk of depression and/or seeking external gratifications in order to self-validate. I have experienced both in and out of the pool.

Swimming has taught me a lot about myself and life. And while we love to test ourselves against others and everyone loves a winner; the real winner is the individual participant.

Why? Because simply committing and following through on our own personal expectations is self-empowering i.e. getting out of a warm comfortable bed and into a cold wet pool is character building.

Appreciating that while others may be more naturally gifted, have the newest equipment or simply be better, in most cases everyone can enjoy the experience of self-improvement i.e. learning to swim.

Doing the work is both meditative and a proven path for improvement. Most advances in life often happen after a long plateau.

And finally as with anything in life, to be your best you need to be committed and have committed people around you. Both those who love you and those you pay to help you improve. Accountability is the motivation to action.

Here’s some Tips I apply in my own life:

  • Be good to those who support you. If not success would be even harder than it already is.
  • If not now, when? Followed by Do or Do Not. There is no Try (Yoda-Star Wars).
  • Commit to personal expectations that impress you vs. expectations to impress others or by others.
  • Remain committed to your passions and values. Doing so provides greater clarity, commitment and heightens the chance of success.
  • Money is a motivator. Paying a coach motivates you to turn up, implement advice and do the work to improve.
  • The past is dry cement. Don’t let success get to your head and let go of your failures.
  • Be happy with the plateau, knowing that doing the work (as opposed to not doing the work) brings you closer to a spike in improvement.

Whatever you want to be, become, or achieve in life, at some point you are going to have to get in the pool. I encourage you to ask yourself, “If not now, then when?”

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

 

 

 

 

 

 

 

 

 

Burning the boats

 For a long time, I struggled to find my purpose and my “WHY”.

Discovering my "WHY" lead me to a paradigm shift in my thinking and planning. However discovering my “WHY” was the easy part of the journey. The hard part was the courage it took to continuously live life and staying true to my “WHY”.

So far this has as required my courage to:

 

Leave a well paid and secure full time job and start my own business, without any clients to begin, WHY? Because being true to authentic self, meant me taking full ownership of the outcome.

Stay, the trusted advisor for my clients whilst sensationalist media labelled the wider financial advising industry as immoral, criminal and unethical. WHY? Because being a trusted advisor to me means being at my client’s side both in the difficult and good times.

Back myself and an opportunity that would require me borrowing hundreds of thousands of dollars and relocate 3000km away from family and friends. WHY? Because while money is important, it’s only important to the extent it heightens life experiences and events important to me.

Be honest with myself, my expectations and abilities. Recognizing when enough is enough. WHY? Because the choices I was making was hurting rather than helping me and those important to me.

Acknowledge in life there are no silver bullets to my problems however repeating the right activities, heightens my chance of success.

On my 25th birthday (my ¼ life crisis), I had approximately $200 to my name, an unfinished university degree and little to no professional skills; however, I knew my "WHY" and I was committed to see my goals become a reality. My financial and personal goal was to accumulate $1,000,000 by 50 years old so that I could fund my ideal life of travel and adventures, requiring $50,000 annually passive income.

By my 35th birthday I achieved my financial and personal goals.

By my 40th birthday and not living my life in alignment with my “WHY” I wanted to end my life.

Recently I celebrated my 45th birthday. Looking back twenty years since my ¼ life crisis, taking courageous actions remains just as scary today as it has ever been. However, now I step forward with a little more confidence than before and from experience I appreciate the importance of my choices being in alignment with my “WHY”.

Here’s some Tips I apply in my own life:

  1. Focus on what you can control, let go of what you can’t.
  2. Discover your values i.e. What’s important to you? and What this means to you across all areas of your life? i.e. your finances, career, relationships, health, spirit and experiences
  3. Take ownership of your future, believe in yourself and apply tip one.
  4. Money is important however it’s only important to the extent it heightens your experiences. The experience is more important than the money.
  5. Regardless of you doing something or nothing, time lost cannot be gotten back.
  6. The people you surround yourself with influence your happiness and success.
  7. If you’re not enjoying yourself ask WHY? And apply tip three.
  8. Your past successes or failures are no guarantee of your future performance.

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

7574522 origRules, expectations, opinions, comparisons, structure, attitude blah, blah, blah… Oh! How my head aches just thinking and reading these words.

When did my life become so rigid and predictable? When did I attract and start surrounding myself with dream stealers, sarcastic, fake and cynical, people with no self-esteem, whom in order to feel good themselves find fault with others? When did I become just like them?

My world had become dark, very dark and I questioned myself daily. Then I read the following quote

“Watch your thoughts. They become words. Watch your words. They become deeds. Watch your deeds. They become habits. Watch your habits. They become character. Character is everything”.

I also remembered a TV ad when I was a kid.

“The fish that John West rejects, is what makes John West the best!”

I had to make a choice. Not to run or escape but to rise above my misery and find my own clean air. I had to mature and become more accountable to myself.

Cheesy as it sounds I wrote a letter to my younger self. The message summary… “You have one life to live so ensure you live it with no regrets”.

I chose to mix it up, whist still doing what I love i.e. helping others, learning about money, travelling, personal and spiritual growth, outdoor sports, food and wine. More importantly I chose to act on my decision. And while I’m still a work in progress I many would say I now live in paradise i.e. Cairns

The career I love i.e. financial planning is already full of rules and expectations, so as an experiment I tried having no expectations in all other areas of my life. WOW!!!! Please try this experiment for yourself.

When I consciously placed no expectations on myself, by my surprise I did more, I enjoyed more, I became healthier, I needed less, I was authentically interested in others more and I became more grateful. Most importantly experiences became more valuable to me, than things.

Living with less expectations has made me happier and at the same time attracted other like-minded, generous and happy people into my world. Instead of darkness I am starting to see colour. I am more energised, more at peace and fulfilled.

Decide today to live life without expectations. Do it for your future self.

Here’s some Tips I apply in my own life

  • I choose to be grateful every day and throughout my day.
  • I act, on my choices and decisions. Motion begets more motion
  • I constantly seek new experiences and adventures.
  • I take my career seriously but not myself seriously.
  • If I have a negative opinion, I tell myself “It’s ok to have an opinion and not share it” and then I keep quiet.
  • The past is dry cement and I can’t change it, however I can define my future by the choices today.
  • I let go of what I can’t control and I focus on what I can.
  • When I am with others I am no place else.
  • I invest time in myself.

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

 

reef-side-by-side-1Is it better to suffer in the pursuit of wealth and fortune and battle a sea of troubles?

Or is it better to avoid both these and their troubles?

Regardless in the end both shall pass.

Once a king called upon all of his wise men and asked them, “Is there a mantra which works in every situation, in every circumstance, in every place and in every time – in every joy, every sorrow, every defeat, and every victory – one answer for all questions?  Something which can help me when none of you is able to advise me? Tell me, is there any mantra?”

All the wise men were puzzled by the King’s question.  After a lengthy discussion, an old man suggested something which appealed to all of them.  They went to the King and gave him a ring with words engraved into it, with a condition that the King was not to read it out of curiosity.  Only if, in extreme danger, when the King finds himself alone and there seems to be no way out, only then he can read it.  The King wore the ring without reading the engraving.

Sometime later, the neighbours attacked the kingdom.  The King and his army fought bravely but lost the battle.  The King fled on his horse and the enemies followed him.  The King found himself standing at the mouth of a deep ditch.  If he jumped into it, there would be no way out.  The sound of the enemy horses were approaching fast and the King became restless.  There was nowhere else to go.

The King remembered his ring and about the engraving.  He decided to read the message.

“This, too, shall pass.”

The King read it again and again until something struck him.  Yes! This, too, will pass.  Only a few days ago, I was enjoying my kingdom; I was the mightiest of all the Kings.  Yet today, the Kingdom and all its pleasures are gone.  I am trying to flee from my enemies.  But just as those days of luxuries have gone, this time of danger will pass, too.  Calm came over the King.  He remained still and silent.  The King looked around at the place where he was standing and realized how beautiful it was.  He had never known that such a beautiful place existed in his Kingdom.

The revelation of the ring’s message had a great effect on him.  He relaxed and forgot about his pursuing enemies.  After a while, he realized that the noise of galloping horses had receded and that his enemies had lost him.

The King gathered himself and reorganized his shambled forces and fought again.  He defeated the enemy and reclaimed his empire.  When he returned to the city after the victory, he was received with much fanfare.  The whole capital was rejoicing and everyone was in a festive mood.  Flowers rained down upon the King from every house, from every terrace as he trotted by.  People were dancing and singing.  In this moment the King thought to himself, “I am one of the bravest and greatest Kings.  It is not easy to defeat me.”  In all of the celebration an ego emerged in the King.

Then a ray of sunlight caught the King’s ring and sharply flashed into his eye reminding him of its message, “This, too, shall pass.”

He lowered his gaze and his valiant expression changed to one of humility.  He realized, again, that if this, too, is going to pass, it is not yours.  The defeat was not yours.  The victory was not yours.  You are just a player.  Everything passes by.  We are witnesses of all of this.  We are the beholders.

Happiness comes and goes.  Sorrow comes and goes.  And Life?

This, too, shall pass.

 

About Peter Horsfield

 

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

Boat-Snorkelling-Split-1024x556“Free at last, Free at last, Thank God almighty we are free at last.” Martin Luther King.

Today I want to talk about freedom. Your freedom and my freedom.

Money means different things to different people but to many of us it really means Freedom. Freedom to choose. Freedom to do nothing or something. Freedom to what we want with our time. Freedom to help others. Freedom from worry.

The challenge we all face, is that our level of freedom is contingent on our ability to leverage our time.

This can be a MAJOR hurdle since Time=Money. Interestingly delegating in the short term may cost us more than our current expenditures, however choosing not to delegate actually costs us more money in the long term.

Warning: If you’re a tight wad with your cash as well as having a control freak, no one can do it better than you personality; delegation is going to be a real challenge for you.

The same is true if you have an overly anxious disposition and you're so worried you don’t even trust yourself.

So for those who have one or both of these two above personality traits, you may have to make a change before you can move forward it’s imperative you address your “trust” issues first.

What is the one thing that changes everything?

It is common to every single individual, relationship, family, team, company, economy, country and nation? 

The one thing that if removed, will destroy the most powerful government, successful business, greatest friendship and the deepest love? 

On the other hand if developed and leveraged, this one thing has the potential to create unparalleled success and prosperity in every dimension life has to offer?

This one thing is TRUST (Steve Covey Speed of Trust)

If you want to experience greater freedom, find someone you can trust, delegate that specific task to them and then focus your attention on doing more of the things that you receive a direct benefit from i.e. exercise, in person conversations with friends, colleagues and loved ones, spiritual growth, personal experiences and studies, while delegating and automate everything else to those whom you trust.

Because in creating more time for yourself you will have greater choices, more opportunities, be less stressed and be better placed to experience a higher quality of life for yourself and those important to you.

My role is simple. I help you free up your time, help you to make smarter choices about your money and help you to achieve your important goals sooner.

Tips to help you achieve your goals sooner.

  1. Identify what you would be doing today if you were truly living your ideal life. You activities, your interests, who you would be with. Your ideal life should be deeply inspirational to you.
  2. Identify what needs to be delegated and the people who you can absolutely trust to deliver and help you attain and maintain your ideal life.
  3. Build on your delegated activities. Doing so will help you to better identify, hold accountable and manage your delegation process.
  4. Do only your highest pay off activities for your time and delegate the low cost (time) activities i.e. income generation vs administration.
  5. Become more trusted. Trust = Character & Competence.
  6. Help others save time too, be this through sharing automation techniques, testimonials or introductions to those whom you delegate your tasks to.
  7. Consolidate, Simplify, Automate daily tasks and your important documents and activities.
  8. Benchmark and review at least semi-annually your progress towards your goals (short, medium & long term).
  9. Let go of what you can’t control and the past. Focus your time and energy on improving that which you can control today and in the future.

This post was written by Peter Horsfield, as such they are his personal views. 

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

 

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Successful people have this over their rivals; they know why, where and how to reach their goals sooner.

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  • How long will it take?
  • What are my risks?

Because action beats intention every time!

 

Venue: In Person or online

Duration: 60 minutes.

Price: $440

 

Our Guarantee:  If you don't experience greater clarity, confidence & certainty about your money and what to do, you wont pay us a cent. 

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Quokka Selfies Meet the Worlds happiest Animal on Instagram 2015 01Meet the Quokka’s.

Officially the happiest animal in the world.

Most day’s I wake up feeling like a Quokka, however before I moved up here to Cairns I felt like real Numbat!

People often ask me why Cairns? It’s such a long way away from Sydney, your family, your friends, your colleagues and clients?

I have a long list of reasons for my move however when it really comes down to it I have to say it’s happiness. My happiness. I simply had to make a conscious decision to feed my happiness and what it means to me. 

Better explained in the Tale of Two Wolves.

An old Cherokee is teaching his grandson about life. “A fight is going on inside me,” he said to the boy.

“It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego.” He continued, “The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith.The same fight is going on inside you – and inside every other person, too.”

The grandson thought about it for a minute and then asked his grandfather, “Which wolf will win?”

The old Cherokee simply replied, “The one you feed.”

The message in this tale is the importance of acknowledging one's constant experience of both negative and positive thoughts and feelings throughout our daily lives. Our strength comes from our self talk, activities and our choices.

The more negative thoughts and experiences we feed ourselves, the less our motivation becomes and our chance of becoming depressed, stressed, sad, afraid, fearful, resentful etc increase. A downward spiral of self-sabotage.

The same is true with our positive thoughts. The more postive thoughts and experiences we feed ourselves the stronger our motivation becomes and our chances of happiness, embracing more experiences, passion, engagement, sharing and fulfilment increase. An upward spiral of growth and of achieving more from life.

Some tips to help you achieve your goals sooner.

1.   Align your choices (financial and personal) with your values. Doing so gives us greater purpose, motivation, clarity and on the fast track to achieving our goals; because at the core we are achieving them for ourselves and not simply to keep up with the Joneses.

2.   Invest in activities that leverage your time. My clients, staff, colleagues and friend are my best sales people. By investing in their success I leverage my time which heightens my own chances of success.

3.   Keep a journal of how you felt when you had an excellent day. It’s crucial to read your entries when you’re having a bad day. Doing so can get your nut out of your rut. My journal diary has a Red Cross sticker on it and a message “Break open in case of emergency!”

4.   Change your environment. This could be a physical geographic relocation, new circles of friends, reading material, activities, health, spiritual, relationships etc. Say yes to that which helps you, and no to that which hinders you.

5.   Make your goals SMART (Specific, Measurable, Aspirational, Realistic & Time Bound).

6.   Help someone who is not in a position to return the favour.

 About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

qnf2Ll42Vv0x87 1024x682This is a photo of my backyard where I now live in Cairns.Yes it's on a golf course, but I dont play golf....yet!

However I would like to share with you a story about my inspiration to slow down, reassess, and get real about how to live life.

An investment banker was at holidaying up here in Port Douglas and ventured down to the pier when a small boat with a fisherman docked. Inside the boat were several large coral trout and crayfish.  The banker complimented the fisherman on the quality of his fish and crayfish and asked how long it took to catch them.

“Only a little while" said the fisherman. The banker asked him “Why didn’t he stay out longer and catch more?”

The fisherman replied saying that he had enough to support himself and his family’s immediate needs.

“But what do you do with the rest of your time?” quizzed the banker.

“I sleep late, fish a little, play with my children, take a rest with my wife, stroll into the town, play a little golf, go do 4WD in the Daintree, play guitar, stroll around the markets here on Sunday’s and have a drink/BBQ some evenings with my mates and their families. I have a full and busy life.” said the fisherman.

Seeing an opportunity to help the banker said “I hold an Institute of Management MBA and could help you".

"You should spend more time fishing and with the proceeds, buy a bigger boat". The banker said.

"With the proceeds from the bigger boat, you could buy several more boats. Eventually you would have a fleet of fishing boats. Then instead of selling your catch to a middleman you would sell directly to the processor, eventually opening your own crayfish and seafood cannery".

The banker went on."You would control the product, processing, and distribution. However you would need to leave here and move to the city then probably multiple cities around the globe from where you will run your expanding enterprise for both tax and cots reasons.”

The fisherman asked, “How long will this all take?”

To which the now enthusiastic banker replied, “About 15 – 20 years.”

“But what then?” Asked the fisherman.

The banker laughed and said, “That’s the best part.  When the time is right you would announce an IPO and list your company stock to the public and become very rich, you would make millions!”

“Millions – then what?”

The banker said, “Then you would retire!". "Move to a place like here at Port Douglas where you can sleep late, fish a little, play a little golf and your kids, rest in the afternoons with your wife, stroll into town in the evenings, or walk the local markets, play with your guitar, go 4WD, have time for a drink/BBQ during the evenings with your mates and their families.

And the fisher man smiled back at the banker and wished the him a good day and all the best on his holiday here in paradise!

Here are some tips I apply in my life!

  1. As much as I can I do the activities that give me the most direct benefit back for my time investment. For example, physical exercise, spending quality time with friends and loved ones, self refection, helping others etc
  2. I’ve automated most of my repetitive tasks i.e. bill payments, savings, cash accounts, investment management etc.
  3. I regularly purge or declutter my life. Be it my wardrobe, storage, electronics, email subscriptions, etc. Doing so I experience freedom whilst appreciating even more of what I’ve chosen to keep.
  4. I rest. There are times for work and times for resting. I rest well so I can maximise my performance when I work.
  5. I focus on being better not bigger and sharing this value. Doing so ensures I consistently focus on delivering more value than I receive.
  6. I live within my means. This involves living on a maximum of 50% of my income (after tax) and investing the rest, across the community, entrepreneurship and institutional investments.
  7. I research how to do things better. Laws and the market place are constantly changing, therefore keeping abreast of best strategies and proactively taking advantage of these changes is both a prudent and rewarding investment of time.
  8. I am an optimistic realist. Doing so allows me to seize the opportunities in situations, whilst assessing this opportunity in light of the foundations of wealth creation i.e. preservation of one’s capital.
  9. I enjoy what I do. This way when times get tough I have a higher probability to see them through. When others thank me I am motivated to help them even more.
  10. I know where I am going and my why i.e. my values. This motivates me to stick with the things I need to do inorder to achieve my goals, even when I don’t feel like doing them.

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

13450903 10155094806303782 461353811755294785 nToday. 

Exercising feels good the traffic to work and home is minimal, I do all my activities efficiently, proactively and the results of my efforts are immediately visible to me.

For the longest of time I believed that these perfect days are what I should be aspiring for and successful people experience these "perfect days" everyday.

But I was wrong.

What I have discovered in everything important to me in life i.e. my work, finances, health, relationships and inner growth, is that as in nature too much of anything is detrimental.

  • To many blue skies leads to drought.
  • To much rain leads to floods.
  • To much pressure leads to infertile ground, and
  • Prolonged stagnation leads to diseases.

Be it we manage our own business (large or small), or be us an employee. Our level of success and future harvest bounty depends on how we manage our experiences throughout these ebbing and flowing weather patterns of life.

  1. When too much work is flooding in how do we respond to our feelings of being overwhelmed?
  2. When no work is coming in how do we deal with our feelings of lack?
  3. When under too much pressure how do we manage empathy for ourselves and others?
  4. And when things become too easy how do we stay motivated and grow or worse, prevent stagnation and decline?

We're all familiar with the cycle of seasons. Spring follows winter, summer follows spring, autumn follows summer and winter follows autumn. So it is with our lives and businesses too. 

Perfecting Your Winter Days

Best described as the days that we want to throw in the towel, actively resist doing the work we know we need to do and don't.

Personally I don’t quite understand why I do this? At the same time another part of me finds this self sabotaging defiance enjoyable and empowering. “Pity parties” maybe the polite name for these moments but I like to call them my “Stuff it days”.

Solution: The Secret to Self Motivation. We all know "academically" what and why we need to do, however more often we lack the motivation to actually do it.

Why? Because as humans our DNA is designed for us to exert the least effort in reciept of  the maximum outcome. This also explains why and how we have evolved to become the dominant species on the planet i.e. through the greatest efficiencies.

Life Hack. Know what you need to do, then count backwards from five down to one in preperation for your "launch". This engagement process has been scientifically proven to shift our thinking out of the emotional area of our brain to our survival area and doing so moves us beyond our "in our head" and into a state of action.  

The Perfect Spring Day

These are the days we're fuelled by our optimism, hope and trust in the process. We're pumped and eager to get going and to do the work. The challenge is sustaining our pent up motivation, along with limited resources (following from our winter), while acknowledging our results are ahead of us but not here as of yet.

In our rush of energy and passion we need to choose carefully where we focus our efforts. As they say "Insanity is doing the same thing a thousand times and expecting a different result".

Personally I find these days are really frustrating because I begin with holding such high expectations of myself then other urgent matters come up requiring my attention when all I want to do is get my inspired list of activities done.

Solution: Put First Things First (Big Rocks)The challenge we face is juggling the “daily grind” of activities and urgent matters with the activities aligned to our core values. 

Life Hack. The key to success is our priority of choices. By focusing on doing the activities we receive a direct benefit from i.e. activities focused on our health, learning, relationships, new experiences, inner growth, personal finances and careers we prioritize our needs and place ourselves in the best position to be of help to others. and doing so heighten our own probability of success.

Endless Perfect Summer Days

Exercising is easy. We complete our activities proactively. Any urgent matters are address quickly and effectively and the results of our efforts are visible to us.

Great times, easy living and the ideal life is here howver the hidden the challenge in these days of abundance is being both present in the moment and at the same time future looking and prepared.

Call it maturity, experience or the lessons of life personally I cherish these perfect summer days.

To me they are a bounty from the hard work and choices of earlier and a time to be humble, grateful and share the blessing of all we have received while also help prepare for the future challenges ahead.

Solution:  Appreciate and acknowledgment that Gratitude is the fertilizer for us experiencing continued and greater success.

Life Hack. Maybe now is the time to thank our inner child for all they have done for us and tell them we are now ready to take the burden they have carried for us (for so long) off their shoulders because you are now mature enough, experienced enough, wise enough have accomplished and responsible enough to make the right decisions moving forward. The present is a present!

Awe Inspiring Perfect Autumn days

The days we feel like coasting through with minimal input while also in full knowledge we have a list of activities to do, however we choose to procrastinate a little longer or only do enough work to convince and justify ourselves to others that “We've done something with our time”. Either way we know our actions are unsustainable and will ultimately hurt us but at this current time the evidence is not apparent.

Personally on these autumn days if you ask me to do something, I will most likely accept, but not act immediately as I’m having more fun doing other things that interest me. Maybe writing my blog :-) 

Solution: Fail fast, let go and realign. Letting go is not a sign of weakness. Information overlaod, competing priorities, the good opinion of others and self imposed expectations. All these burden and distract us from what we really need to be doing in order to be in alignment and at peace with ourselves.

Life Hack. We can't fix ourselves by breaking someone else. We can't drink poison, expecting the other person to die. Caring for ourself and our future requires us to let go of our fears and start to trust more in our internal selves. Doing so gives space for us to heal and make better choices aligned to our values along with being be better placed to address our external challenges. 

The lesson from the seasons and changing weather for a Perfect day and life 

While we can’t control the weather or the seasons, without the weather and seasons there would be no life, no opportunities and no growth.

It is from how we handle theses challenges and difficulties within each season and environment that determines our future bounty, security, opportunities and fulfillment in life. In short perfection!

 

About Peter Horsfield

All views are my own

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

General Advice Disclosure

Sources of this information are considered to be reliable but are not guaranteed. Information published in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.

Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.

 

Sweet SpotFind Your Sweet Spot!

“The middle is messy but that’s where the magic happens”  Brene Brown

I love ice cream any time of the day and I especially love an ice-cream on a hot summer day.

Today is one of those days, 31c with 95% humidity, so it feels very hot.

As I sit back and enjoying this simple pleasure of eating an ice-cream my mind wanders back to happy childhood memories and dreaming about what I wanted to be when I grew up. I remember liking trucks; wanting to be rich and become someone important.

Like most people I had no idea what this meant or what I really wanted to do.

After finishing school I held down several casual jobs, travelled and did what I did to make ends meet. Ultimately I found myself in a job that got me onto a career path and I continued that path trying to rise through the ranks.

This was until I found my sweet spot.

The sweet spot being the merging of my passion, talent and money.  All three being essential ingredients in tasting and experiencing success.

Why is finding your sweet spot so important?

Because success in whatever we put our time, money and energy into takes more than just that, it take passion as well.

Our passion is definitely our “secret reserve tank”. It gets us through the impossible, however passion alone is only a “hobby”. Furthermore if we have money and no talent we fail and if we have talent and money but no passion, we lose interest to soon.

So how do we find our sweet spot and how do we know what it is, when we’ve found it?

econ-logo

Source: https://execed.economist.com/career-advice/career-hacks/how-find-your-sweet-spot-3-critical-elements-success

Passion

We each have something we are most passionate about and I believe it doesn’t just show up. Rather it’s something that is innate within us and something we’ve always known we’ve had. I’ve also heard our passion described as our core values and principles. Something which remains in our mind even in our natural state of rest.

A simple and effective tool to help discover your passion is asking yourself “What’s important to you and why?" Following you answer by asking that same question based on your last answer. For more see Maslow’s Hierarchy of Needs

Talent

Building on your passion; are you passionate about your talent?

I passionately wanted to be financially independent. I also had a knack for saving money and learning how to grow it.Witnessing my results fuelled my passion and the results were my evidence of my talent. Furthermore I was able to transfer my passion and talent into a career change; from working behind the bar, to working behind a teller at a bank From Little Things Big Things Grow.

Finding what you are good at and what you are passionate about as useful as a two legged chair, we need one more leg to assure our success is well footed.

Money

No Money, No Honey! What?

In my spare time I write this blog, I also research and write about Extraordinary People however even though I have a passion and a talent for this I classify them as my hobby. Why? Because they make minimal/no money.

People do pay me to help better clarify their goals, what’s important to them, help them to implement what’s best for them and help them stay on track; making their goals a reality.

 The money they pay me allows me to run a sustainable business model, while continuing to improve, add value, assist, and implement their needs in value adding ways.

Sweeeeet!!!

Discovering our sweet spot requires us to step out of our comfort zone. Most of the time All of the time this is scary, however successful people know that this is where growth and rewards come from. The flipside risk is complacency, ultimately which erodes our passion.

One final insight when your found your sweet spot; remember that just like an ice-cream success tastes sweeter when shared with good friends.

If you are stuck in a funk or you’re lost in a cloud of complexity feel free to contact me. Most often in life we just need someone to talk things through and to lighten our load a little. The following article may also be of help.

Money Free Weekend Challenge

If Not Now? Then When?

How Much Is Your Job Costing You?

Free At Last

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

General Advice Disclosure

Sources of this information are considered to be reliable but are not guaranteed. Information published in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.

Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.

Swimming with sharksWhen buying a business what are the most important things you can do?

   Rule 1# Do your due diligence

   Rule 2# Do your diligence then refer back to rule 1#
 
These essential rules will hold you in good stead with any business you may be considering to buy. The following are some important sub areas of due diligence you will also want to consider when buying or merging with a new business:
 

Identify the challenges and create opportunities within your own businesses existing culture, staff and roles. Consider ways to improve the existing culture, staff and roles within the new business you are considering to purchase by implementing the best from both businesses.

What are the costs and how much time will merge the two businesses require?

How will you retain your existing business and new business clients, while also minimising the risk of loss of these clients?

How will you be adding more value to existing and new clients than they received previously?

What potential new supplier relationships will there be and how will these impact your existing relationships?

Do you require non complete clauses (restricting the seller) within the business purchase contract? This should document timeframes and territory restraints.

How is the business valuation calculated? (Past earnings continuation, profit & loss, business tax returns, depreciation schedules etc..)

How will you purchase the business? i.e. Your funding mechanisms. Will the purchase be made with cash, vendor finance, personal borrowings etc. and will there be any milestone payments?

What is the best structure of the new business, taxation reporting, payroll and compliance?

Will you retain continuation of your own business branding or new branding? This goes across social media, logo's, business cards, signs etc.

Where is the preferred business location and sub locations and how to cost effectively maintain the existing footprint and service existing clients?

Do you need to update or change your technology, software and business process across both businesses?

What is your exit strategies for the new business?

What is the expected income, profit and loss, assessing the effort required and cost viability of the exercise vs. organic growth of existing business?

This above list is just the tip of shark errr iceberg when it comes to the different areas one needs to consider when purchasing any new business.

When I purchased another financial planning business the purchase was within the same industry that I knew, even then I've found the process both daunting and exhausting. I would expect even more due diligence would be required if the business was to be in a different industry than one's own.

In my experience the purchasing another business involved all the above areas or diligence and implemtation plus changing licensees, software, locations, residence, business structures, business accounts, changes in location i.e. moving to cairns from Sydney. It's been a massive task!

Very importantly the transition required increased communication with clients and staff and promoting the positives or the expansion. We also had to refurbish the existing premises and much, much more which has been now rolling out over the last 12 months.

12 month gone, with hindsight and on balance, I am happy with the progress the team, our clients and I have made.

The next 12 months our focus is on delivering even more value to clients; giving them greater convenience and reducing clients costs. This too is our business marketing approach because our clients are our greatest advocates and helping them achieve their goals sooner is do what we do and helps us achieve our goals sooner too.

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

General Advice Disclosure

Sources of this information are considered to be reliable but are not guaranteed. Information published in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.

Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.

Genious-Billionaire-the-avengers-33151403-500-3101. Start your own companyNo billionaire is an employee unless they are an employee of their own company. Starting your own company offers additional tax benefits in addition to creating equity in an entity that can be sold later or employ others so to free up your time to do other things in life that only you can do.

2. Join a club

Billionaire’s love exclusivity. By joining a club or creating one you become a member of something exclusive. Clubs are where likeminded people meet, network, relax and do business.

3. Give to charity, donating your time and money

A study recently found the good feeling we feel when giving is not actually determined by the dollar amount given but more by the action of giving. So even by donating a small amount or volunteering you’ll benefit just as much as a larger donor. Better still donating to a charity often comes with tax deductibility. And if you believe your charities spending is savvier and more specific than the government’s you have the opportunity to refocus where your tax dollars are spent by donating to your chosen charity rather than the government deciding for you.

4. Never retire

Have you ever heard of Billionaire retiring? They may step down from managing their business however they remain on the board. Billionaires love what they have built, employment of others, their contribution to society and ensuring a legacy remains.

5. Visit art galleries and museums

There is no need to establish a personal art collection when one can get appreciate priceless art and sculptures in our cities museums and art galleries. Also appreciation of art communicates with the soul and mind offering different perspectives whist challenging our beliefs.

6. Own an iPhone

IPhones are simply the best technology one can buy. Bill Gates is known to use one. For a small cost you can own and access the same technology as Billionaire’s today.

7. Dine with friends regularly

Humans are social creatures, therefore spending time with those who accept us and enjoy our company is essential to renewing ourselves, exchanging ideas, debating as well as experiencing the “Joie de vie” the Joy of Life!, while partaking over a meal with friends.

8. Invest your time and money into appreciating assets i.e. people and companies

The main reason why the wealthier are getting wealth is because they continue to invest and reinvest their time and money into appreciating assets. Think compound interest. This is opposite to what most other do i.e. depreciating assets such as car’s, fancy clothes, holiday souvenirs etc.…

9. Be absolutely passionate about what you do

Passion is the glue that holds together three other essential ingredients for one’s success. These essential ingredients are Knowledge and Skills, Mental and Psychological Strength and Physical Stamina. Ensure your passion is succinct, compelling and all about you!

10. Support a political party

Politicians are elected to represent the people. Politicians also legislate laws that effect businesses and individuals in our communities. Keeping abreast of these changes whilst also having an open door to the political parties on any side of politics makes for better informed business decisions and opportunities.

11. Spend less on yourself than your investments earn

The secret to great wealth is simple. Spend less than you earn and invest everything else. True financial freedom is attained when your investment income exceeds your lifestyle expenses (full stop).

12. Sleep on crisp clean bed sheets

Sports coaches attest to the fact the better you rest the better you perform. There’s just something luxurious (and attainable to us all) about sleeping in crisp clean bed sheets which also aids a good night’s rest ensuring you wake up on the right side of the bed in the morning.

13. Exercise regularly

Billionaires need to exercise just as much as the rest of us. Regardless of how much money you have in your bank, we all know the importance of exercise combined with a good diet as well as the positive impact these have regarding our choices and decision making process.

14. Know your business i.e. your financials

Billionaires are known to make decisions quickly. The reason they have the confidence to do so is because they know their finances i.e. their assets, debts, incomes and expenses. Knowing where you stand financially is essential for both peace of mind and being in the box seat to take advantage of opportunities when they come your way.

15. Be trust worthy and trust others

Unless you inherit, marry, or win a billion dollars chances are you are going to have to engage others on your journey towards financial independence. Building trust has two essential ingredients character and competence, without both of these ingredients inefficiency and headwind will continue to dog you and be a roadblock to your success. With these your success will be efficient as well as your chances heightened of keeping it.

16. Be innovative. Think outside the square when solving problems

Money flows to where it’s most valued. By creating and delivering more value to others you increase your own chance of success. Innovate first and if your innovation adds sufficient value to others, then the money will come.

17. Regularly challenge yourself

Learn to work harder on yourself than you do on your job. “If you work hard on your job you can make a living, but if you work hard on yourself you’ll make a fortune” – Jim Rohn

18. Do it i.e. take action

Without action good intentions and goals are but dreams. “Life is not a dress rehearsal. This is your life”. Pastor Lawrence T. Holman

19. Learn to say no.

Any fool can say yes or buy what they want, however it takes courage to say no, to make choices and make personal sacrifices for ones greater success. I remember the John West ad. “It’s what John West rejects, that makes John West the best!” If you want to be the best then learn to say no, be you a billionaire or anyone else.

20. Delegate low payoff activities.

The one thing we all have in common is time. 24x7=168hrs per week. Be you a Billionaire, a man, woman, child or adult. Investing your time doing activates having the highest direct payoff is essential for a life of fullness and contentment. Do only that which advances your relationships, spirit, health, career/business and community everything else can and should be delegated. If you can’t do this look back to No.15. We only have 168hrs a week.

 

About Peter Horsfield

Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsefield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.

General Advice Disclosure

Sources of this information are considered to be reliable but are not guaranteed. Information published in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in this document is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs.

Before making an investment decision based on this advice you should consider, with or without the assistance of a qualified adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances.

Q&A with industry expert Peter Horsfield

Break-Down-The-Labyrinth-Walls

What was the inspiration to be a business owner?

It's the third best proven way to create real wealth i.e. share, property and business.

Anything you have experienced that could help others build their business successfully.

Know why you are doing it. Your why must be greater than you why not to to do.
Your commitment must be greater than your discomfort (short and long term).

Challenges or roadblocks that you have overcome?

Same growing pains as anyone has starting from nothing. Finding clients, forming referral relationships, juggling bills etc..

Followed by expanding to quickly and then being hit by a GFC (a big thing when you have a financial planning business), followed by changes in legislation, media hysteria, industry rationalizations and disruptive technology.

However when you know clients lives are improved because of you commitment and ongoing relationship with them, all the "uncontrollable noise" fades and you get on with doing what you do best i.e. Helping people make smart choices about their money for the reasons important to them.

Q&A with Peter Horsfield

retiring-abroadHow many Aussies are retiring overseas and where do they most commonly go?

Some estimates suggesting that more than 60,000 Australians are currently receiving their Age pension overseas. However, the rules in this area are both complicated and unclear in certain areas - particularly for current expatriates the numbers of Australians retired overseas are probably much higher and not accessing Australian Government Pensions.

When considering relocating overseas many Australians are seeking relocation to Malaysia, Thailand, Bali, Vanuatu and New Zealand.

What are the key things you need to achieve a successful overseas retirement?

Success means different things to each of us however if one is to consider relocating and retiring overseas it would be advantageous to love travel and have and adventurous spirit willing to try new things. However if one is relocating out of escapism, then it's important to address these inner personal issues before relocation or simply you maybe revisiting the same personal issues in a different location.

How much money do you need?

This depends on the quality of life one wishes to live and ones expectations i.e. will relocation require purchasing a property or is renting the preference? There are websites such as http://www.numbeo.com/cost-of-living/ that can provide comparisons to daily living expenses. A $50,000 AUD pa can support  a comfortable lifestyle in SE Asia however infrastructure, health services, bureaucracy, language, weather, expat premium (applied by locals) to daily goods and services, also needs to be factored in to ones relocation decision.

What sort of additional things such as healthcare and flights home and loss of government pension access should you factor in?

This is individual assessment and would require knowing an individuals needs, this would lead to personal advice and as a recommendation one should seek financial, taxation, medical and centrelink advice before making the decision to retire and relocate overseas and the country they are considering to relocate to.


What are the benefits and pitfalls of overseas retirement?

There are no real benefits or pitfalls, i.e. it simply is what it is. On balance it's about what are your values and what is important to you.

Making choices and doing the things in life aligned to you values will directly heighten your quality of life, enrich  your experiences, allow you to be more present and be more authentically you.

My role as a trusted adviser is to help people make smarter choices about their money by aligning them with their values.

 

Hug your inner cactusLife is a journey, for all of us and it’s not fair. Some are born with nothing and others with everything, however regardless our character is defined by how we handle our adversities and failures.

What I have come to learn is that change first must come from within before it is revealed externally.

To some hugging the cactus is a silly idea. Why consciously hurt ourselves to get better?

I would argue that often when we fail; our first reaction is to hurt ourselves even more. Rising up from a lack of self-worth i.e. we emotionally beat ourselves up, choose escapism with our vices, or hurting others rather than accepting the outcome and moving forward.

Why? Because setbacks are painful, however they also offer golden lessons to grow from. That is if we see them for what they are i.e. an opportunity to improve our character and competence.

To consciously hug our cactus is to embrace all of our true self. Including the dark side of us that stands in the way of our inner success and who ultimately kills us from the inside out.

To hug the cactus is to face our true self and forgive, forgive ourselves while “tilling your soil” in preparation to forgive others.

To embrace our cactus hurts, however ultimately dealing with our "emotional reactions to failure" in a proactive way heals us as our fears are disarmed and turned into stepping stones for our personal success, whatever that may be to each of us.

So before you “let fly” after experiencing yet another failure in life, consider “hurting yourself in a positive way” by first hugging your cactus. Grow stronger from your pain, richer in character, quieter in spirit and more forgiving to yourself and others.

Food for thought. Everyone has their own cactus. Choosing to hug your cactus or not, not only directly impacts you but indirectly impacts others lives you are in regular contact with. Being conscious of this impact and engaging their support has been shown time and time again to make the difference between failure and success; be it via accountability, simply talking things through, mateship or love.

dugong-1 Saving money is good for the environment.

Moving to Cairns has been growing experience. Mostly enlightening, exciting and an adventure and at other times frustrating, hot, and well... frustrating.

Obviously the biggest change is nature gone wild being at your doorstep (also on your veranda and in your roof), however it's made me ponder "In who's backyard are we living in?"

While living in Sydney or any other major city around the world it's easy to feel distant from nature. Maybe it's why the National Geographic and Discovery Channel have become so popular i.e. in our DNA we are wired for a connection with nature, however until we urbanise Mars, we are still all here together living on earth.

The best things about Cairns is it's proximity to nature, and it's unspoilt, under developed beauty. I'd like to keep it that way so when you come up here we can share the beauty together.

The following are some of my personal favourite tips to save money and the environment; for your hip pocket and your children and their children's future.

 

  1. Have a reusable bottle water and drink more water (as you drink more water you will eat less and drink less sugary drinks)
  2. Eliminate your plastic bags from your life.
  3. Install a programmable thermostat. Running your hot water full time is expensive on your water heater, set to 1hr before your regular shower time.
  4. Ditch the dryer. Use a clothes horse or clothesline.
  5. Access electronic info instead of paper e.g. newspaper, eBook, electronic statements and digital fax.
  6. Ensure your residence is properly insulated (walls, floors, ceiling, doors and windows) or if you’re in the tropics your residence has high ceilings, shade and good airflow.
  7. Install energy efficient lighting, or even get skylight.
  8. Walk, and cycle more often
  9. Declutter and give your accumulated stuff to charities.
  10. Start a vegetable garden and compost. If space and time is an issue buy at the local growers.
  11. Use biodegradable cleaner “baking soda, vinegar, find ways to make your own shampoos, shaving creams, suntan lotions, face masks, insect repellent etc.
  12. Prepare your shopping list before you shop and shop at either 8am or 5pm to take advantage of the start or end of day discounts.
  13. Buy in bulk essentials, cook more home meals and have a plan for left over foods.
  14. Store your food smart i.e. keep potatoes and onions in dark (separately), biscuits in air tight container.
  15. Buy farmed fish and locally produced meats.
  16. Use coupons when dinning out and have more picnics.
  17. Find a hobby that uses recycled material and make own stuff e.g. gift cards, recycled furniture, decorations, jewellery etc.
  18. Unplug more often and chill out with nature and your spirit
  19. Capture rain water and use it when watering the garden, flush, etc.
  20. Embrace the share economy. Whether it be Share ride, House Swap, Open Shed, Student Edge Books, Go get, Vibewire, Pygg, Clothing Exchange etc.

 

 

 

Coins-underwater-in-a-water-pond-backgroundYou have to align your choices with your values. Then have a game plan to keep you on track and a checklist so to ensure nothing is falling through the cracks.

To identify your values ask yourself "What's important about money to me?" then ask what's important about that last answer to you? Continue till you reach your aspirations self.

After you have identified your goals, time frame and where you are today. You will have clarity about what is missing.

Start to then identify the evidence "aligned with your values" that you are making smart choices about your money i.e. if you said Security is your first value then ask yourself how much money you need to have in the bank "for the unknown" for you to feel secure. Then put that money aside or build it up. Then move onto your next value or an additional evidence you need to have aligned to your value.

There are many moving parts to people's values and finances, let alone the noise and distractions of others and the media. It's important to spend your time and efforts doing the activities you control rather than what you cant i.e. saving regularly vs market returns & economic events etc.

Create a checklist so that you can ensure you always stay on top of your "financial house". Do your chores and it will be well maintained and probably be a more enjoyable environment to live in.

Doing these are the basics of not only good financial management and planning they are also good for ones relationships and quality of life.

You get the direct benefit from spending time with loved ones and friends, exercising, eating healthily, improving your skills, and spiritual side. By being better by default you increase your chances of experiencing a better quality of life.

We cant change time but we can change what we do with it.

 

aussie slangSitting at home last Sunday morning, me mate boomerang
Said he was having a few people around for a barbie, said he might kookaburra or two
I said, "Sounds great, will Wallaby there?"
He said, "Yeah and Vegemite come too"
So I said to the wife, "Do you wanna goanna?"
She said, "I'll go if dingos"

The following is some financial jargon decoded and unpacked to keep you from looking like a drongo in the conversation, while turning those sausages, or making a salad at your next family/friend BBQ. 

Who knows you may impress them so much they may even ask you for some financial advice...

This article can now be viewed at http://peterhorsfieldfinancialplannercairns.blogspot.com.au/2018/02/please-explain-financial-jargon-decoded.html

 

IMG 20161010 WA0002I love to travel and I like to save too. 

In fact when you visit my office in Cairns you'll find a big world map on the wall, inspiring us of new places to plan for and to experience next.

In three weeks time we'll be heading to Hawaii (Big Island, Maui and Oahu). Its going to be epic!

So to the age old chestnut of a question. How to travel and also save?

Lets start with some guaranteed fun killers to our epic holiday and memories!

Continue reading

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