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Coach Yourself to Wealth Live the Life You Want
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The principles we set out in this book work. For several years now we have been working as WealthCoaches helping people to arrange their money to live a better life. We have applied the principles set out here to many people’s finances over that time, proving that they work in many different situations. Using this book, you too can understand the principles of wealth creation and apply them to your own circumstances. Everyone is different. We all have unique circumstances—no two people, or families, have the same financial situation. Our incomes are all different; our expenditures are all different; what we own is unique, as is what we owe. Even. | Coach Yourself to Wealth Live the Life You Want Martin Hawes and Joan Baker A ALLEN UNWIN First published in 2005 Copyright Martin Hawes and Joan Baker 2005 All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means electronic or mechanical including photocopying recording or by any information storage and retrieval system without prior permission in writing from the publisher. The Australian Copyright Act 1968 the Act allows a maximum of one chapter or 10 of this book whichever is the greater to be photocopied by any educational institution for its educational purposes provided that the educational institution or body that administers it has given a remuneration notice to Copyright Agency Limited CAL under the Act. Allen Unwin 83 Alexander Street Crows Nest NSW 2065 Australia Phone 61 2 8425 0100 Fax 61 2 9906 2218 Email info@allenandunwin.com Web www.allenandunwin.com National Library of Australia Cataloguing-in-Publication entry Hawes Martin 1952 . Coach yourself to wealth. ISBN 1 74114 365 9. 1. Finance Personal. 2. savings and investment. I. Baker Joan 1956 . II. Title. 332.02401 Typeset in 12 14 pt Adobe Garamond by Midland Typesetters Maryborough Printed by Griffin Press South Australia 10 9 8 7 6 5 4 3 2 1 Contents Preface A better life v Part I Setting the stage 1 1 How this book works 3 2 KASH your way to wealth 6 3 What is wealth and freedom 9 4 WealthCoaches Model for wealth and freedom 15 Part II Current position Where are you starting from 31 5 Facing reality 33 6 What is stopping you 36 7 Net worth 39 8 Where are your assets Getting the balance right 46 9 What is coming in Income 51 10 What is going out Expenditure flows 55 Part III Your desired position What do you want 65 11 What s the dream 67 12 Who will share the dream 72 13 What do you really value 75 Part IV Your Freedom Figure How much will you need 79 14 What s enough 81 15 SMART goals 91 16 Now what do you really want .