What Are We Talking About?

Your Dream Life Is Cheaper & Closer Then You Think…

yourowntermsThere comes a time in life when you start getting ‘realistic’ and those childhood dreams start to diminish into forgotten memories.

But why I ask?

When you were young your parents would fully support you when you said you wanted to be an astronaut or an inventor.

Then there comes a time when you’re in your mid twenties and dumping the thought of travelling the world for a few years on friends gives you a non-supportive response of ‘come on lets be real here you should focus on your career’.

But again I ask why, should it be this way?

You see after having been the the entrepreneurial space for a few years now there is one major flaw I’ve noticed almost every single person make. There are some who do actually do it right but most don’t.

I’d go as far as saying the masses are brain washed in this area of life…

And that brainwashing is chasing a yearly income instead of monthly cash flow.

Let me ask you this.

What would you rather have right now?

A. $30,000 cash handed right over to you in bulk.
B. Ten times less in the form of $3,000 but monthly cash flow.

Think about this for a moment. What one is better?

The majority of people are conditioned to go for the lump sum amount (and probably blow it super fast also) as that’s how you get paid a yearly salary. That’s how high interest loans are drawn out of all those silly toys you don’t need. That’s how home loans are also drawn up.

It’s even how the lotto is drawn and as we grow up we are conditioned to think ‘if only I won lotto and all that money I would be free’!

But the reality is that monthly cash flow is a much better alternative. $3,000 per month income can sustain your life for at a decent level forever. Where as just getting $30,000 cash in your hand is gone for good once it’s spent.

Here is a perfect example and I’m going to show you exactly why you need to start changing your mindset towards money towards monthly cash flow and get away from the annual salary space.

And trust me, this  might be numbers but when you do your own exercise on this it’s quite fun to do. And you won’t think  it’s just boring number mapping out your dream life when you realize how little you actually need.

So lets get to it shall we…

Right now I live in Big White and get to snowboard everyday. Big White is an awesome winter wonderland of a mountain in Canada and most people save up for a short holiday to come here.

If I ran my life on the total value of what this 5 month trip would cost then here is the break down.

  • Rent – $8,750 (my share of the $35,000 five month contract we have for our place)
  • Groceries – $2,000
  • Drinking/Fun Money – $2,000
  • Ski Pass – $700
  • New Snowboard Gear – $1,000
  • Flight – not included as I was already in North America

Total – $14,450

Now if you were making say $80,000 annually in your job. Took home $5,000 monthly and only had $1,000 left over to save for a holiday then it would take you 15 months to save up and take this trip.

The view from our balcony with the hot tub at Big White. The run is just behind the house.

Plus you would never get 5 months off so you would have to quit work, put your things in storage and have say $5,000 to get you going again after you go back home. So really 20 months of saving. Almost 2 years! It could be 4 years if you only make $40,000 per year.

Kind of crazy right?

But what does this work out to be monthly? It’s actually only a small $2,890. Lets round it off to $3,000/m.

All of a sudden it doesn’t feel like that much does it?

Freedom for the avid winter sport enthusiast living in a pristine winter wonderland in a home that on a spectrum that is 10x better then what people normally get living in the mountains is only $3,000 monthly.

But if you are dependent on a day job where most of you income is heavily taxed then it feels like you could never get there.

Let’s break this down.

$3,000 is how much life costs me right now for A class living in winter paradise.

This works out to be $100/day when you split it up.

Or if we times it up it’s the equivalent of $36,000 yearly. Now I did say move away from yearly but for this example I just want to make the point that my living costs on the mountain are basically at a point where you would be struggling to get by in other parts of the world.

Such as back at home for me in Australia. $36,000 yearly is basically minimum wage levels.

How is this possible then?

Simple.

You just need monthly cash flow through running your own business. You don’t need to have three million dollars in the bank to retire t 65.

You can start living your dream life in the next few months.

Not convinced?

Well let me run through another example. This example is what I see as my ‘dream life’ at this point in time as I don’t have any need to settle down somewhere due to my online business that provides my monthly cash flow. So all I do is travel and have fun.

In time I’ll start to own property and maybe even start a family but you will see later in this post how this example also applies to that situation.

Also, dream life is just two words I’m using and you will see how a dream life is not a dream but rather a realistic and rather small goal in the large scale of things.

Now while this is my ‘dream life’ that I’m actually living right now in 2014 if you go an figure out your own then I’m sure you will find it’s going to be quite similar money wise.

So as you can see my life right could be ‘perceived’ as some crazy dream life of consistent travel and adventure packed fun.

Here are a few pointers from above:

  • $2,000/month fun money and sudden expenses life throws at you
  • All flights are business class
  • $1,500/month car hire in New Zealand plus $60/week for fuel
  • 6 skydives a day @ $30 per jump ticket 6 days a week (540 jumps all up) when in New Zealand
  • Europe holiday has no costs listed but $6,000 for spending money
  • $1,000 for new snowboarding gear and $700 for a ski pass at the start of the season
  • Travel insurance is segmented at different levels as snowboarding insurance costs more monthly then just being in Asia without doing adventure sports.

So as you can see I’m not going cheap on anything and living a really good life. I get to travel around the globe chasing my favourite adrenaline sports most of the year and living in some really high end properties.

I’ll also take a few months down time in Thailand to live the beach life and I’ll even get a month holiday in Europe with a great budget.

The nutty part is life only costs me an average of $6,700 monthly. This works out to $1,675 per week. If we break this down even further it works out to be $223 daily.

How much money do you really need to live free?

How hard would it really be to create daily cash flow of $223?

That’s really a few sales a day of a $50 product online. Or lets say you deal with a higher end product of $1,000. Then you simply need one sale every 4 days. That’s only about 7 sales a month.

Really breaking it down like this put’s it in perspective doesn’t it? To create the income you need to live you dream life does not require this far-fetched and wild number of a few million dollars.

If you really break it down you might spend as much as I do monthly, maybe less or maybe even a few thousand more. But when you really figure it out you won’t need a crazy number.

So like I said before. These numbers are about me and what I’m doing right now in life. Everyone is different but lets take a look at a few factors.

Even if you don’t want to travel like I do then the $1,200/m on average that I spend on keeping a roof over my head would actually pay for a home loan taken out for a million dollar property on a 30 year loan at 5.98% annually. This $1,200/month in loan payment for $900,000 of the mortgage as you would need at least a 10% down payment (that would have been $90,000).

March 2014 Edit: The loan calculator I used must have been broken on the website I was on as there is no way you can get a $900K loan for $1,200. But the point I’m trying to get across still stands as you can have a nice home for that money each month. If you rent or if you own and are paying down a mortgage.  $1,200/m is still going to give you a nice home.

Now lets take my skydiving. It’s about $18,000 for the year. Not many, if any people reading this would be licensed sports jumpers. So this frees up a LOT of cash for an extravagant family holiday or lets say you wanted a $100,000 car. That $18,000 that I spend on skydiving works out to be $1,500 each month and this would get you a brand new $100,000 car.

It could be a Audi TT or lets say a brand new Mercedes Benz E250. Or to just rattle off a few more names you can get  top of the line BMW or Range Rover 4WD or even a top of the line Jaguar.

Or perhaps 2 very nice $50,000 cars if you have a family. Say a very nice Range Rover in the mid range and an Audi A3 and both still being brand new.

I could keep going with what you could spend the $28,000 I have budgeted for the year on fun money but I’ll leave that to your imagination.

Oh one more thing…

You can actually make that $40,000 for fun money in the year as you wouldn’t need the $1,300 yearly for travel insurance as you are not permanently travelling nor the $10,700 for the business class flights.

You see you can have all the toys you want in life when you have cash flow to pay for them. If you just have a day job where you are taxed at a high rate then it makes it harder to do this as you will live to work to pay off debt that never seems to go away.

But monthly cash flow from a business changes everything!

Truth right? As you will never be able to achieve what I speak about in this post if you chase a job and pay rises

I actually challenge you to try and create a $100,000/month budget to spend on paper like I have with my dream life. I’ve tried to do it and I can tell you it’s quite difficult unless you list that you are putting down a 10% deposit on a million dollar property each month if you were smart about it.

When I did this plan just for the fun of it I had stupid numbers listed like $10,000/month for car payments and that would be the likes of a million dollars of new cars in the garages. A monthly mortgage payments for a couple properties worth a few million each. $20,000/monthly for wasting money on going out and having fun and so on.

It’s also a stupid plan you’d never act on when you had that type of money anyhow as the richer you get the more financially wise you get and you could get access to that lifestyle without paying for it yourself. Expensive toys become part of business deals and so on, not personal costs.

So there you have it…

This is why you want to start changing your financial thinking to monthly cash flow and running an online business. Instead of thinking about being an employee spending after tax dollars.

And here is the kicker!

Back in my corporate work days in management I was actually making around $6,700 monthly but I never saw all of that money as a lot go sucked up by taxes. On top of that living payday to payday I would just waste my money thinking I need to get a raise when in reality I needed to create a monthly cash flow that was around if I worked or not.

But my life was depressing and shit. I was stuck in Perth in a job I hated with a career I didn’t want and I was always running out of money. I am grateful for the experience and opportunities I had but it was defiantly time to move on.

Funny how the same level of income with the freedom of running an online business now lets me live out my dream life.

What are you going to do now to create yours?

What Is Success? Pssst… It’s NOT What You Think :P

What Does Success Actually Look Like?

How do we define what success really looks like?

Well that’s easy right?

It means you are wealthy beyond your wildest dreams living in a mansion, you have the million dollar car, a trophy partner and a lifestyle envied by all!

Or is it…

This is what society portrays as the definition of success as we grow up in the era of over consumption and excessive spending. From the day you are born you are cultivated into believing that you must, go to school, get good grades, get a degree and work for the man your whole life.

As this is what everyone else does so you need to follow the same path. And if you don’t follow this path you will become a delinquent screw up!

You must do it or you will not be part of the ‘in crowd’ and get laughed at…

Really? A screw up and the in crowd…

If find this extremely interesting as I went through all of this as a youngster and according to society I really should be a screw up.

I was in the slower class as school because I didn’t conform as I saw study and school and pointless and boring.

Looking back at where most of the people of my graduating class are today I have to say I’m the most successful and not to get cocky about it and talk myself up. No this is not about me it’s about something much bigger.

They conformed…

I didn’t…

And the funny thing is I went against the grain my whole life. Step outside the box with me for a moment…

What do 99.99% of people in society look up to and believe success to be?

The rich…
The famous…
The unique…
The strange…

Funny how everyone we look up to is following their dreams and simply doesn’t give a rats ass about what society thinks!

One thing I didn’t mention above was ‘the average’ as why would someone want to look up to the average. Quite simply they wouldn’t.

Everyone who we look up to is very indifferent and doesn’t care about what others think, they have been beaten down to a pulp and got back up again for the millionth time to keep on going. They have had doors slammed in their face after being spat on. And did I mention they have heard no thousands of times?

They hustled, hustled and hustled some more till they made it!

We look up to those people who chase one thing and one thing only.

… to live out their dream!

They couldn’t care less about what others think as they know where they are going and nothing will stop them!

Yet if we take a step back to normal life where 99.99% of people work a 9 – 5 job there is no possible way you can say that the average person is chasing their dream!

I have a task for you…

Find someone who is in a high flying corporate career pulling in a cool $250,000 a year working 100+ hours a week.

And ask them if they are living the dream. I can already tell you the answer you will get…

A big HELL NO! If they say yes I guarantee you if you look in their eyes you will see the lie.

Ask any child what they aspire to be and they will spill their guts in telling you all about their dreams of being writers, painters, artists, performers, musicians, athletes and a million and one other things.

Heck the oldest memory I have of being a child and what I wanted to do when I grew up was to be a dinosaur after seeing the first Jurassic Park. Bit of a WTF right? Well that was just me, a child, in raw form, before society push me in the direction of conformity. I’m glad I broke out of that box though.

Not one single child will tell you…

I want to be an investment banker…
Where I work 100+ hours a week…
Where I feel trapped in an office cubical…
While having no life…
So I can make $250,000 a year…
And be so stressed out on the weekend all I want to do is collapse…
And never be able to enjoy the money I’m making…
And finally going to bed on Sunday night dreading Monday morning as I have to do it all again!

Yet the above is exactly what society defines as ‘success’ and that you are delinquent scum who will be judged a put down if you don’t aspire to chase the big pay cheque after going to school, getting a degree and working a boring ass job.

I’m sorry but these two just don’t match up…

On one side we aspire to be like those who chase their dreams and on the other side we are taught to get stuck in a boring cycle of working a job simply to get paid to do something we hate.

So what is success?

It’s about chasing your dreams and not caring about what others think!

It’s better to live a short and meaningful life while doing the things we love than to live out a long, boring, prolonged life where we simply work a job doing the things we hate.

Right now I live on a mountain in Canada where I get to snowboard every single day. Have the wildest view around me for as far as the eye can see while living in the best house I’ve ever lived in. I work only a few hour a week and have fun with the rest of my time.

But according to society I’d be a screw up…

As I don’t work a regular job and I dropped out of university a few times. Yet I’ve living a lifestyle the majority would die to have.

Yet I even after this success I have friend who message me on Facebook telling me to ‘get a grip’ or ‘wake up and smell the roses’. Or the best one I  absolutely am in love with ‘Dom, when are you coming back to Perth to get a job’.  The interesting part about this all is that these comments come from people who work day jobs and buy into the face that there is nothing better in life but to work for 50 years and retire with little money.

I don’t write about this to gloat but to rather make a point with a real life situation about how society mould people into thinking life should be hard and you shouldn’t have lots of money with time freedom to lead a life full of fun and excitement.

Funny old world aint it?

Check out this quick video by Joe Rogan that basically talks about the same thing I’m talking about in this post:

It’s time to stand up and say enough is enough!

Set yourself free once and for all!

Life is supposed to be about endless experiences and not feeling trapped in a capsule that society tries to place us in.

So once and for all chase your dreams! The truth is that if you are passionate about what you do the money will follow…

It’s not a game of chase the money and the lifestyle will follow. It’s a hard concept to explain in a few mere words but you have to start living the life you want to live if you want the monetary success also.

It’s quite simple really if you take a bird’s eye perspective.

To work a job you hate only putting in enough effort to keep you from getting the boot…

Or to follow what you are passionate about that you don’t see as work even if you are working at it 15 hours a day.

It’s time to stop dreaming! Wake up and snap yourself out of the box you have been living in and chase what you truly love in life.

You will be ridiculed…

It’s not even a probability, fact is you will lose friends, as they will envy and won’t admit it. Just go back and re-read the example about the my friend ridiculing me and that’s not on the rise up that while I’ve got to a good place.

I have a business partner who’s made 10s of millions and consults with individuals and companies worth so much that the average persons mind can’t comprehend how much they are truly worth. He still get ridiculed about his choices in life.

It will never end but boy oh boy is the end game worth it? Freedom, daily, to do what you love and just have fun in life.

Oh man it is!

Oh yea you will also have doors slammed in your face…

People will tell you to ‘get a grip’ and get back to what everyone else does just like I explained before…

Other will tell your right to your face ‘how full of shit they think you are’. Yep this one happened to me also by someone who used to b a flat mate. I moved out of that house quite fast after that. Haters goona hate and I refuse to surround myself with people like that. Fuck em I say!

It’s not going to be easy…

Again, will it be worth it? Damn strait it will be! Even if it took your 5 years of struggling to live out your dreams would it be worth it?

You tell me! A life where what you hate the ‘grind’ verses a small struggle to live out the life you want for the rest of your days.

I think the choice is obvious.

My mission here is to wake you up to the possibilities you have in life. Where you don’t have to buy into the age old bull shit of ‘go to school and get good grades so you can get a safe secure job that you hate’ but rather lead you in the right direction so you can follow you dreams. The same also applies to trade schools or other education avenues where you still end up doing something you don’t love.

My definition of success is to cut through the bull shit and do what it takes to follow your dreams to live the life that you want! Not to live a meaningless life that society expects you to live.

You owe it to yourself to live out the life you truly desire…

We Live Unbound. Now It’s Your Turn :) [VIDEO]

live free regretDo you live unbound?

Or has life got you by the ball and chain locked into a routine that you’re not truly passionate about?

There is a video below…

I first watched this video over a year and was extremely moved by it.

It really resonates with me as right now I’m living in Big White in Canada and living my version of the dream just snowboarding daily.

After Canada I’ll be off to for a few months in Thailand for beach weather with perhaps with a quick stop home in Australia first.

And hen it’s going to be somewhere warm again to skydive daily for 6 months strait or off the Chile to snowboard another season.

But…

I’m still undecided on that last part as that’s a good 6 months away.

I’m living unbound. It’s a great way to live life :)

Back to the video now though. It’s definitely built more for the extreme sports enthusiast but words are powerful. When you listen to the words you could easily put any series of videos behind the audio. It’s very universal and applies to everyone.

This video is great as it opens your mind.

I think that humanity really lives ‘bound’ rather then ‘unbound’ like in the video below as there is an old way of thinking.

We get up, go to work, go to sleep, live for the weekend and repeat it for 50+ years in what is supposed to be a ‘fulfilling career’. Most people do this without even realising it. They play a zombie role or better yet just acts as sheep and never question what they would rather be doing.

As children we were so creative and our imagination was a playground.

What happened tough?

As you become an adult you kind of accept that ‘reality has kicked in’. But there are those who chose to still live in that wonderful land of creativity. I’m one of them and it’s an awesome place to be so if you watch this video and your childhood spark reignites then I’m glad I helped.

Living an awesome life where you can’t wait to jump out of bed every morning might be closer that you think :)

 

Richard Branson on how to become successful (video)

This is a killer interview of Richard Branson. For a long time Richard Branson has been my favourite business hero and I doubt anyone will ever be able to replace him.

I wonder if it has something to do with Virgin Galactic and his ventures into space as getting into space is one of my biggest life goals…. :)

Anyhow it’s time to hear it from he horse’s mouth. Richard Branson himself talking about how to become successful!

The Greatest Speech Ever Made

This has to be the most inspirational video ever made!

It’s something crazy like 40 years old and I believe it’s more relevant today than ever before. A big thanks to Charlie Chaplain and the person who put this together.

Proof Is In the Pudding!

Hear it from the Kid himself… His name is Dakota Mclearn and he’s a 20 year old kid retired while living in Thailand! How did he do it…?

I’m not going to steal his thunder so just watch the video below. Then ask yourself this one and only question. If Dakota can retire from his day job while still literally being a kid then what excuse do you have to not build the lifestyle of your dreams?

.

What if Money Was No Object

This is an awesome video that has been redone. I talked about the original video in my post a few months ago here.

This video really does make you think about life and what really makes you ‘itch’. We are all taught to go to school, get good good grades to we can get into a good university that will let us get a good job we will work for the next 50 years.

Is that it? Sure you get holidays in life but is that really it? To just work a job that you probably hate?

This video is a real eye opener if you are stuck in the ‘job’ bubble and don’t think there is anything else to life but a day job.

.

This Almost Killed Me…

Have you had a life changing experience before?

From one of those experiences that changes
you as a person?

From something crazy…

One of those times everyone told you not to go through
with something but you still did anyhow.

I’ve got one of those moments…

It changed my life…

Defined my life…

Made me who I am..

What is it you ask?

I had a random flash back of my first skydive the other
day.

A rush like no other is the only way to put it!

Your intensive training is done!

You’re geared up and walking down to the plane.

The stench of jet fuel is all around you.

Reality is no more… It feels like a dream.

But you realize this aint gonna be no luxury commercial
jetliner flight…

The plane takes off… It’s game time!

Your instructor is trying to keep you calm but your
heart is beating so loud you can hear it through your
ears!

10,000 feet pass and the door suddenly pops open
with a deafening roar so loud it would make a grown
man cry.

You watch a tandem exit the plane…

And almost crap your pants thinking to yourself that
you’ve actually got to go through with this.

You’re trying to hold yourself together. It’s hard.

14,000 feet hits and you’re the first one up…

The door opens…

You move towards the edge of the plane. Your mind
screaming at you saying you don’t want to do this.

Back out! Back out right NOW it says!

But you committed to this. It’s happening…

You look out to the horizon and you see nothing but
endless blue sky.

3, 2, 1 and you drop out into the abyss…

It’s quiet, nothing but silence now.

The instructor shakes you furiously as you don’t realize
you just froze up for 20 seconds!

Holy shit screams your mind as you snap into it!

You do your first drill, your second and then your third.

You’re now at 8,000ft and your mind is screaming let
me out! Where’s the reset button?

7,000ft flashes by in the blink of an eye…

Only 5 seconds to go now.

6,000 feet hits and without thinking you instantly reach
back deploy to your parachute like you’ve done this
a million and one times before.

Before you know it you’re under a parachute that
actually worked!

You get back to the ground…

You can’t believe what you just did.

You’re speechless but breathing heavily!

The adrenaline is pumping, it’s pumping so hard
you’ve never felt it throbbing through your veins
like this before.

You’re high as a kite unable to comprehend you just
jump out of a perfectly good aeroplane!

Finally you come to and words can’t express what
you’re feeling. You simply smile and start walking
back to the hanger.

Crazy right?

Life is full of opportunities…

Some define our lives, some enrich our lives.

Just like that first skydive when I decided to just jump
in and do something online I thought it was crazy at
the time

…but it define and enriched my life.

I just did it, I got involved with an online business.

The alternative?

To do nothing! But that was even crazier…

You see I was stuck in a dead end job

Taking no take action would mean I was going to work
at the salt mine for the rest of my life.

I had so much debt you wouldn’t believe me if I told
you the real figure. It wasn’t going anywhere and I
was never going to get out of the hole I dug myself into.

What happened?

I took action, I took that 1st step.

The results?

Things changed fast. Unbelievably fast in fact.

I started to make money then some more and suddenly
thing just exploded.

I flew to Las Vegas from Australia for a live event…

Then moved to Canada to learn how to snowboard while
building my business.

How was this possible?

Simple!

Just like I did my first skydive I got uncomfortable
and just did it. I joined an online business and took
massive action!

Was it worth it?

I ended up on stage winning a top earners award…

I got recognized again, again and again!

You tell me if you think it was worth it.

The time wasn’t right when I started an online business…

I could have made excuses after excuse, BUT… I didn’t!

I just took action and it defined my life and enriched it
to a point I wouldn’t have ever believed.

So what are you waiting for?

The days of sitting on the ‘sidelines’ of life are over…

19 and Retired…

Dakota Mclearn is this kids name…

He’s cranking out a life by design faster than I have even seen before. But the kids only 19, how the hell is that even possible?

One word folks… Determination!

I first meet Dakota over Christmas and New Years in 2010 when I was living in Canada building my business and learning to snowboard with another awesome marketer Kameron George. It tell ya, this kid was young, stupid and just didn’t give a crap about life at the time. He just lived for the pay check to spend the cash living for the weekend. Working as a tradesman and was one of those people I would in all honestly look at and think there is no way in hell he is ever going to jump online and build up killer lifestyle for himself.

But Dakota did the freeeeeeekkkkinggg impossible. When he got started he didn’t give a rats ass about what other people said. What was the result? This kid matched his tradesmen income in a mere 41 days and quit his job! A short while later he was driving a nice slick BMW and soon after that he’s pulling in a cool $6,000/month minimum working a couple hours a week, without a phone, all from Thailand, living the dream.

If a 19 year old kid can retire in 41 days and make more than a corporate executive stuck in a 60 hour a week day job… Then what’s your excuse? You don’t have one, get to work and make it happen!

I’ll stop rambling now and just let the kid speak for himself with what I consider one the best videos I have seen online in a very, very long time from the 1000′s I’ve seen.

Good stuff Dakota and keep crushing it!

What’s your excuse?

What’s your excuse?

You have to do what you love. Don’t get it? Then watch the video below!

You see I do what I do as I’m kind of a crack addict in a sense :)

After 10 years of being an entrepreneur I have had a LOT of people thank me for changing their lives.

And I absolutely love the feeling I get when I know I have made an impact in someone’s life. It’s honestly the best high you can be one, but it’s drug free, doesn’t cost a dime and 100% natural.

Be it in a financial sense or simply pulling them out of the bubble society has put them in as now they know they can do and be whoever they want.

So I keep doing what I love and that is revolved around the things I’m involved in that let me generate an income. Now some of you might be saying ‘hey Dom isn’t the point of that video exactly the opposite and not about money!’?

And you are right, but you see I’m a person who has to keep himself challenged. I can’t just sit back and do nothing! And this allows me continue my mission of ‘defining freedom’ for so many people who let me into their lives. So, I am actually doing what I love!

So my question to you is this… What’s your excuse?

That will be all!

Follow

Get every new post delivered to your Inbox

Join other followers:

%d bloggers like this: