Glass Of Success Alexander Gherardi

Today we look at working smart to achieve our financial goals in 2021. We will do this all while drinking Bordeaux from the region Bordeaux , France.



Review how you spend your time during - Personal diary
Become more efficient:


Outsource - Delegate work once you are clear on how to do it yourself. The 4 hour work week is a useful tool on outsourcing.
Automate - Create a process that can be carried out by a machine or person

Scale up - go big on 1 idea - Determine the vital few from the trivial many



Adding life after subtracting work: by not being bored we remove time to think.



Tim Ferriss 4 hour Work Week Concept

Dreamline Structure - a step by step guide to setting clear goals and the costs associated with those goals. Then write clear actions how I will achieve these now, tomorrow and day after.

Find the free resource below

https://tim.blog/lifestyle-costing/



Greg McKeown Essentialism Concept

Paradox of the pursuit of success: Understanding the better we get at our job the busier we become.

Phases 

With clarity of purpose we can succeed at our endeavour

Success will give you a reputation as a go to person. Presented with increased options and opportunities

Increased options and opportunities will lead to defused efforts/ spread thin

Distracted of our clarity and purpose

We need to change assumptions: I have too, it is important and I can do both

Replace with core truths: I choose too, only a few things really matter, I can do anything not everything. (MCKEOWN, 2021)

MCKEOWN, G., 2021. ESSENTIALISM. [S.l.]: VIRGIN BOOKS.



Pareto principle

This “universal truth” about the imbalance of inputs and outputs is what became known as the Pareto principle, or the 80/20 rule

Legend has it that one day he noticed that 20% of the pea plants in his garden generated 80% of the healthy pea pods. This observation caused him to think about uneven distribution. He thought about wealth and discovered that 80% of the land in Italy was owned by just 20% of the population

KEY TAKEAWAYS

The 80-20 rule maintains that 80% of outcomes (outputs) come from 20% of causes (inputs).

In the 80-20 rule, you prioritize the 20% of factors that will produce the best results.

A principle of the 80-20 rule is to identify an entity's best assets and use them efficiently to create maximum value.

This "rule" is a guideline, not a firm mathematical law.



Tool of the week

Answer The Public

Pro:

Show the most searched web questions regarding a topic and where you can craft your content strategy upon

Why

What

When

How

Con: 

You have limited search and it’s price - starting from $79/month

https://answerthepublic.com/

Today we look at how to invest your money in 2021 and how this will help us on the road to financial freedom. We will also share how we would invest $100, $1000 and $10,000, all while drinking a glass of Primitivo from the region Puligia, Italy.


Save money

Investment money (plant seed)

Grow your money

Harvest and repeat



Alex

Crypto Currencies - $100

Step 1 - Get a broker and wallet

Best Options:


Gemini - Best: gemini.com/share/77y7d7wcp

Coinbase: https://www.coinbase.com/join/gherar_v8

BlockFI: https://blockfi.com/


Step 2 -  Buy and research different currencies

(Market is more volatile - ride the wave but don’t risk all your money)



Stocks and Shares - $1000

Step 1 - Create a plan - Trader Vs Investor - Active Vs Passive

Step 2 - Passive = invest in funds - Best Option - Vanguard Total Market

Step 2 - Active = invest in shares

Review company details: (UK: https://www.lse.co.uk/ / US: https://uk.finance.yahoo.com/)

Market Cap = number of shares multiply price per share (company evaluation)

EPS = Earning per share - higher monetary value is good here

P/E Ratio = Price of share to earning per share = Higher number means overvalued Lower number means undervalued



Property - $10,000

Leverage = Mortgage

Step 1: Buy in an area that is $300,000 and find a run down house between $100,000 to $200,000.

Step 2: Get a mortgage 90% for 100,000 = £580 at 3% /month or 95% 200,000 = £1,2000 at 3% /month

Step 3: Rent and use money to pay off mortgage interest/ principle

Step 4: 3-5 years remortgage and repeat process



Edo

$100

The budget is spent in Affiliate App premium version Secomapp ($49) https://www.secomapp.com/ and Heepsy($49) https://www.heepsy.com/ then Shopify has a 14 day free trial and domain and host (approx.$12) https://www.shopify.co.uk/



$1000

Start an IG page or youtube channel about your passion and I would invest in Influencer campaign to grow your profile (test 3 influencer >5K follower engagement rate =>3%) grow your page and build relationship and monetise with affiliate links from brands of your niche. Estimate time project before 100% ROI 6 months.



Drop Shipping $10,000

Set a budget to test winning products (discard products that fail to meet KPI = $200) build Shopify website, register business LTD, scale heavily with FB ads ($100 day) then set email and sms automation. Hire an assistant to help you run and automate even more ($2000). Hire a mentor that will assess your condition. Estimate Time for 100% ROI 3 months.



Tool of the week

Things 3 Things app helps you plan your day, manage your projects, and make real progress toward your goals.

Pro:


Todo list for IOS iPhone

synced to the Calendar - Apple, Google

Create projects and lists for each project



Con:


Costs money. $9.99 or £9.99
Not available for android


Link: https://culturedcode.com/things/

Today we will share our tips for managing your finances, all while drinking a glass of Rioja Cepa Lebrel Joven 2019 from the region Rioja , Spain.

1. To measure means to management

Actions


55% Rent + Transportation
10% Entertainment
10% Long Term Goals
10% Financial Freedom Investments
10% Personal Learning
5% Charity



2. Reduce expenses

Actions


Fight the emotion - leave in the cart for 3 to 5  days
Convert in hours whatever you are about to spend eg £10/h → £100 = £10 x 10hrs



3. Save 10% of monthly earning

Actions

7 cures for a lean purse (Clason, 2015)


Part of all you own is yours to keep - 1/10
Control expenses-budget to allow for necessities, to pay for enjoyments and gratify worthwhile desires, without spending more than 9/10
Make gold multiply - put each coin to work so that it may reproduce
Guard treasures from loss - invest were principle is safe, easily reclaimed if required and good return. Consult wise men and get advice from those with experience in handling gold.
Make your house a profitable investment - own your own home
Insure future income  - provide in advance for the needs of the family and old age
Increase ability to learn - cultivate power, to study, and become more skilled, respect yourself.

Reference: Clason, G. S. (2015). The richest man in Babylon : original edition.

Tool of the week 

Revolut (For people living European Economic Area (EEA), Australia, Canada, Singapore, Switzerland, Japan and the United States)

Pro: 


Easy to use
Immediate transfer
best currency exchange
investing, vaults
sharing expenses

Con: 


Not deposit cash

Link: https://www.revolut.com/

This week we go into depth about and discuss the topic of Goal Setting. With them we can achieve success in becoming financially free and navigate through 2021.

Have you ever noticed someone who is successful tends to continue to be successful? Or someone who fails tends to continue to fail? Goal setting is the key that guarantees a person becoming successful. People with goals succeed because they know where they are going. It is that simple! 

Smart Goals

Specific

Measurable

Attainable

Relevant

Time based



Great way to set goals follow this link https://lululemongoalsetting.typeform.com/to/Y2gvjo



Tool of the week

Pzizz

Pro:

1. App that helps you to relax and guides you through a nap or sleep
2. Free
3. Calms the mind and feel refreshed


Con: in app purchases for dreamscapes and Focuscapes



Link: https://pzizz.com/ 

Today we look at Financial Freedom and try to define what it means and is it attainable all while drinking a personal favourite bottle of wine from the regions of Sicily in Italy.

3 Main Aspects

1. Financial Independence 

2. Scarcity vs abundance mentality

3. Mental, Emotional, Physical and Spiritual intelligence

Link: https://www.richdad.com/define-financial-freedom 



Tool of the week

Later

Pros

1. You can create in bulk and schedule posts in Auto publish

2. Hashtag suggestions

3. Linkin.Bio

Con:

1. Will not Auto Publish stories or carousel

Link: https://later.com/