The problem with money and why I never give financial advice

Hello again
Just to recap, none of this is financial advice. What I say is merely for entertainment purposes only. Shame that I have to keep writing that, but that’s the world we live in folks.

Over the last few newsletters I have been discussing the way we as human beings live our lives based around the concept of money. As a recap it is my philosophy that you should earn more and spend less. That way you get to a point where your investments are sufficient to keep you in the lifestyle you want........ so that you can then step back and work only because you want to not because you have to.

Now for those who want to take up this philosophy (and let me tell you from the start it is not for everyone) the spending less money every month is the place to start. The reason being is a little law called “Parkinson’s Law”

“Expenses rise to meet earnings”

It doesn’t matter how much you earn if you spend it all. You have to break Parkinson’s Law if you want to be financially independent because you aren’t going to win it and you aren’t going to inherit it. Admittedly, you might be able to build up a practice and sell it for a large capital gain, but if you have large debts and large overheads, that’s really not going to be such a windfall. Just run the maths.

Some people take to this like a duck to water, others struggle with it immensely.

“But I like driving flash cars”

And that’s fine, there is nothing wrong with that. If you want to spend the equivalent of six months income on a box that gets you from A to B go for it. I’m not telling you what to do, I’m just exploring possibilities.

You see I have a big problem with the “buy me and be happy” culture that is rammed down our throats by marketers. One because much of the marketing techniques used today are based on dubious psychological and NLP technologies, and secondly at the end of the day most people find that the happiness found in that latest purchase is fleeting. A new kitchen quickly becomes an old kitchen.

But that wasn’t what I wanted to talk about today. If you remember, the second part of the philosophy is to make more money. And there will be many of you who will be tapping me on the shoulder saying “well I tried that, but I just got a whacking great tax bill that sucked it all off to HMRC”. And that will happen initially, and many people keep hitting this wall time and again. But, let me tell you a little secret.

That wall is there for a reason.

And there are 2 points of view on this. The first is that there is an international conspiracy of bankers and puppet politicians that have manipulated the whole system to stop people getting ahead and stop them breaking out of the “matrix” for want of a better word. Keep them trapped, keep them producing and tax them to the hilt.
I think the second point of view is more empowering, and somewhat more realistic. The wall is a test. If you pass the test you get to a place that very few people see. Having spoken to several people who have passed the test, let me describe that place for you.

You no longer worry about your tax bill. You no longer have any debt, other than business debt. Your credit cards (if you even use them) are paid off in full every month. You never travel economy, but you also don’t flaunt your wealth. If you found you were suddenly unable to work tomorrow, you could last several years on the reserves you had set aside.

And the little voices of protest are rising up. It’s OK, you situation is different, I know. You’ve got kids, business is slow, you lost money in a dodgy investment. Of course, the people I spoke to pretty much all have or had those same things in their lives too, but we’ll not talk about that.

Did you know that most American millionaires went bankrupt at least once?
There is a threshold with making money. Once you have reduced your outgoings and broken Parkinson’s law, you find it easier to put aside your tax money. The more you earn, the more your earning power starts to outrun the tax taken (harder now with the 50% tax bracket I know, but still very possible). And what also happens is you stop relying on earnings that are hit by income tax. You start to gather investments that come under capital gains tax. You start to think “well maybe a bank account with its taxed interest isn’t the best place for my money” and you start to look elsewhere.
Once you pass the test, you start to get smart. And then something amazing happens.
Money just starts to appear. You just seem to attract it. Because you are no longer worrying about money, you brain shifts......... and you start seeing opportunities all around you. It’s scary. There is of course something else that can happen, some people get complacent and lazy...... and get sucked right back below the threshold.

But you don’t even reach the threshold until you get out of the spending habit.

And as for making it, well I’m shortly going to announce something that will be extremely exciting to some of you. But only some of you.

The rest of you (the rest being the large majority) will have no interest in it whatsoever.... which is a good. Because firstly it involves an investment technique that is more risky than keeping your money in the bank. Secondly it’s very expensive. Thirdly, it’s not guaranteed to make you any money whatsoever, in fact you could easily lose money. And fourthly it involves travelling to another country.
I know that’s not saying much. What I can tell you is for those of you who are interested, I will be able to get you a significant discount through my contacts with the organisers.

I’ll keep you posted.

Right I’m off to buy myself a new car :)

Regards

SH

Please help support the Sick Dentist Scheme and the BDA Benevolent fund by buying my book atChoose Your Reality. A proportion of the profits from its sale are split equally between these two charities

PS: Please feel free to pass this newsletter onto anyone you feel may be interested in it


GDP Resources

Disclaimer: S.Hudson or SNH Publications will not be held liable for any actions taken based on the information provided in this newsletters. This information is for entertainment only.

The howling of idiots

It seems that there are multiple people following this blog, to my immense surprise.

What does not surprise me (understanding human nature as I do) is the numerous people leaving comments as to how the blog has not been updated.  One individual was even taunting, but didn't have the balls to leave a name or a way to contact.  Probably a good thing considering the events of the past week.

At the moment I have other, more important things to attend to. 

Those who matter don't mind.
Those who mind don't matter.

Slavery

Hello again
I know it’s totally unlike me, but I am going to discuss a controversial topic.
Slavery........... specifically financial slavery.

You see, we in the western world have been conned. We were brought up with an idea, a blueprint if you will of what is expected of us (I am basing this on the career path of a professional person):

• Go to school
• Leave school with good grades
• Either take a year out or go to University
• Qualify
• Start career
• Start a pension
• Buy a car
• Meet someone
• Buy a house
• Get married
• Have children
• Buy a new car
• Buy a bigger house
• Build up a business
• Send children to university
• Sell business
• Retire
• Play with grandchildren
• Potter about
• Die leaving a vast portion of your wealth to the state

A perfectly acceptable life. The thing is, there is no law that says you should live your life like that. There’s nothing wrong with it, it’s just very conventional. Here is another Blueprint

• Get born to an impoverished household
• Go to school
• Fail miserably in your exams
• Leave with no qualifications
• Be told you will amount to nothing
• Get arrested
• Be told it’s either the army or prison
• Enlist
• Go to Vietnam
• Get enlisted in Navy intelligence
• Volunteer for covert ops
• Leave with $900 in your pocket
• Start your own energy supply business using your kitchen room table, a phone book and a third hand fax machine
• Win a $400 million contract to supply diesel to the federal government
• Supply that diesel
• Marry the one woman you ever loved
• Have children
• Move to UK
• Buy a castle in Scotland
• Build the business up till it can be traded on UK stock exchange
• Sell your stake in said business for several billion pounds
• Hunt crocodiles in Africa
• Become a consultant to the rich
• Live the high life

Now that’s a blueprint. The second person defied all convention and defied accepted practice. He made his life his own, starting from nothing.

As professionals, the majority of us will make a large amount of money in our working career. But we will also spend most of that money and find ourselves having to work into our late 50’s and early 60’s so that we can retire. Parkinson’s law states “all expenses rise to meet available income”. You spend most of your working life working because you HAVE to, not because you WANT to. And if you truly love what you do, then this is no bad thing. To do a job you love, and do it well is one of life’s rare gifts.

Unfortunately most people don’t discover this gift under their Christmas tree. Most people get trapped in a job they hate that they know they can’t leave because they have bills to pay. Think about that for a second. They get a job they don’t like to pay for the house they want to live in close to the job they don’t like. They then spend money filling that house with stuff to take their mind off the job they don’t like........ that they just spent time at so as to get the money to pay for all their stuff.

Absolute madness.

But it goes further. They even borrow money they don’t have, to buy more stuff that they don’t need, and pay back vastly more than the money they borrowed...... which means they have to keep working at a job they hate. That my friends is slavery........... VOLUNTARY slavery. Have a look at the people around you in the cars, the buses, the trains and on the pavements the next time you travel to work. Play spot the happy face.

You won’t see any.

And what about you? How are you when you roll into work on a Monday morning? What image are you giving off to your staff? Are you a:

“Oh, fecking hell, it’s Monday.”

Or are you

“It’s SHOWTIME!!!”

Just a thought. So what can you do? Well, here’s the strangest of things. Your financial freedom plan should be the same, whether you love your job or hate it. In my Mastermind Alliance product, you get a piece of software that lets you calculate your freedom figure. This is the amount of money you need in the bank, so that the interest from this money pays all your expenses.
That figure is what you should be working towards. Because once you reach it, you no longer HAVE to work. But there’s nothing stopping you carrying on working if you want to.

And here’s a radical concept for you. Your will reach your financial freedom figure quicker........... if you don’t spend all your money on crap that you think will make you happy. And there’s nothing wrong with fancy holidays in the Maldives.......... but if you don’t like your job, is it worth sacrificing 50 weeks of the year just to pay for 2? Is that flash new BMW worth working an extra year at your job?
And come on guys, do you really want to be relying on your pension for your old age? Have you seen how volatile the stock market has become recently......... it’s still lower than it was 10 years ago. Invest for the long haul?........HA! (That wasn’t financial advice by the way, just so you know).
Here’s my blueprint

• Go to school
• Question everything they tell you
• Get good grades anyway
• Decide early what you want to do in life
• Do it, and if you don’t love it do something else
• If it floats your boat, find someone special to spend your life with.
• Become financially secure
• Become financially free
• Have enough money to live your dreams
• Die with a big cheesy grin on your face
• Do it all again in the next life

You are both the slave and the slave master. Time to choose which one you want to be for the rest of your life.

Regards

Stephen Hudson BDS, MFGDP, DRDP

Please help support the Sick Dentist Scheme and the BDA Benevolent fund by buying my book atChoose Your Reality. A proportion of the profits from its sale are split equally between these two charities

PS: Please feel free to pass this newsletter onto anyone you feel may be interested in it


Disclaimer: S.Hudson or SNH Publications will not be held liable for any actions taken based on the information provided in this newsletters. This information is for entertainment only.

Your children will look at you 10 years from now with nothing but contempt

The following was sent to me by an anonymous source, and has asked me to print it.  So here it is.

"You see that the country is collapsing into a fetid pit of paper pushing, over regulation and newspeak, and yet you do nothing.  After all what on earth can you do?  You are but one man/woman.  Someone forgot to tell that to Rosa Parks.

You sit at home, watching your TV and mumble softly into your Shiraz because there is nothing you can do.  Someone forgot to tell that to Ghandi.

Another regulation is dumped on you from a great height and you grumble, but carry on regardless because there is nothing you can do.  Someone forgot to tell Martin Luther King that there was nothing he could do.

You voted for the Lib/Con coalition, but you forgot that their best intentions would be destroyed by the beast that is parliament, so you carry on regardless because there is nothing you can do.  If only someone had told Lech Wałęsa this.

You read the Daily Mail and chunter about the madness you see there.  But again you do nothing because there is nothing you can do.  If only Neslon Mandella had listened to the naysayers 



Your children will come to you 10 years from now and ask you WHY you let this all happen.

And you will answer that you were afraid.  You were afraid of being judged.  you were afraid you will be ridiculed.  You were afraid that the agents would come knocking on your door and ask you for your "papers".  You were afraid that you were wrong.  you were afraid that you were right.

Can you look your child in the eye and say you are handing over a world fit for them to live in?

I merely ask the question"

Worth thinking about

The law of contracts

All commercial activity in this country comes under what is known as "Admiralty Jurisdiction".  We have all heard of Common Law, or "the law of the land", but how many of us have heard of Statute law, "the law of the SEA".

Admiralty or commerce law was set up hundreds of years ago to protect and allow trade between different countries.  As time progressed, the law moved from the shipping lanes onto the dry land as there were many benefits to both the controllers and the controlled.  It existed along side common law (which the British/Dutch Empires spread to all corners of the globe) but has slowly begun to replace it.

Everything is now about contracts.  Two examples:

You are born, your parents Register you to the state.  This gives the state the power to take you into care should your parents not look after you.  It is a contract.

You buy a car and you register it.... effectively signing it over to the state.  You then set up a contract to pay the state £X every year for the use of their roads and their car.  If you don't pay your road tax, this allows the state to take your car and crush it.

The thing is, when you start to understand this, you see the power this information gives YOU.

The next time you buy a service off a company....... say a Clinical Waste contractor, and they feck you about with made up regulations....... well perhaps you should explore their breach of your mutual contract.  The civil courts take a very DIM view of contract breach.

Just a random thought for the day

Madness

So let me get this straight.  The unions object to the proposed spending cuts because their members will be penalised.  So let me get this straight, all those people who work in the private sector, you know the businesses that actually bring in the revenue that the country depends on, they are to bear the brunt of the austerity measures, is that what the unions are saying?

For the Unions to call mass strikes would result in a reduction in the countries GDP, which would reduce tax revenue, which would reduce the amount of money available to cut the deficit, which would then require even worse spending cuts.  It would also affect the countries credit rating, putting the currency at risk.  The country is already bankrupt........ please don't give the IMF an excuse to impose some REAL PAIN.

If Union leaders start calling for a "coalition" of strikes, they risk being charged with sedition.  If there is pain to spread around, we all have to share it.  And to be honest, I would argue that the pain should START with the public services who are a net drain on finances.  Start with the Quangos, close them all and save AT LEAST £60 billion  a year.

October the 20th

What everyone seems to be forgetting (or perhaps just trying to ignore like an extremely large credit card bill shoved into the back of a sock drawer) is that the Government Spending Review is published on October the 20th.  This is when the Austerity starts in ernest.  This is when the real pain of Labours spending madness will become evident.

And time and again I hear people saying that we shouldn't be cutting spending and paying down debt, because we risk a double dip recession.  What they fail to understand is that if we DON'T reduce the deficit we risk something far worse...... a sovereign debt crisis.

You see, the only thing keeping this country going at the moment is foreign governments, banks etc buying our government debt.  The more debt this country has, the more risky our debt seems and thus the more expensive it is to service. 

Labour were like a teenager with a credit card.  They maxed it out, and took out another credit card to continue the good times.  They maxed that one out too.  Now the Lib/Con coalition (and no I didn't vote for them) are like the concerned mother who uncovers the teenagers foolishness.  She has to take control of all this manic spending to get the debt down, or young Johnny is going to be made bankrupt.

If you want to know what happens when a country goes bankrupt and its currency collapses, look at Argentina, look at Greece.

So it's quite simple.

Do you want austerity measures and cuts in public services and a possible double dip recession?
Or do you want a currency collapse, hyperinflation and a depression which wipes out the middle class.

I support none of the political parties.  I will remember however who spent all the money in the coffers and more besides.

The CQC

Got a very threatening and unhelpful book from the CQC today, outlining all the hoops of fire we will have to jump through.

One of the notable ones is the need for CRB checks. Wouldn't it just be easier for them to coordinate with our OTHER registration body, the GDC. If a dentist is ever arrested by the police, they inform the GDC....... so really CRB checks are a bit like a broken pencil (pointless).

I suspect the CQC will completely ignore the GDC, and will probably make them obsolete. They are also merely the initial wave of bureaucracy that is going to envelope us over the coming years. Ho hum

The most important film you will see this year

One of the tings you will start to notice about this blog is that it's not all about dentistry.

There is a reason for this.  The blog expresses a reflection of my interests.  I have interests other than dentistry.  One such interest is history.  Several years ago I uncovered a little known book called

"The collapse of complex societies"

Every single empire has collapsed.  Every civilisation (with the exclusion of our own) has collapsed.

The Babylonians
The Persians
The Eygyptians
The Greeks
The Romans
The Myans
The Incas
The Mongols
The Spanish
The Dutch
The French
The Prussians
The English (our wmpire is still contracting to this day)

All collapsed and either dissapeared or became a much smaller shadow of their former selves.  And they collapse either due to internal strife....... or they run out of resources.  We now have a global civilisation....... that is running out of virtually everything.

This is why everyone should watch this film

http://www.youtube.com/watch?v=WAyHIOg5aHk



By the way, i am available for childrens parties ;)

3 kinds of people

Whenever you try and do something, you are usually faced with 3 kinds of people:

• Those that support you
• Those that oppose you
• Those that don't give a damn what you do

When it comes to those that oppose you, it can sometimes be quite difficult spotting this.  Some will seem to support you, but will actually try and undermine your efforts through indirect means.  And then there are others who will stand right in your face and tell you what you think.  There's no point getting upset about it though.  People will disagree with your ideas, it's just the way things are.  And you know what, sometimes that is because your idea is absolutely rubbish.

But enough of that gibberish.  We have some dental health news in the......... errrr news.

http://www.bbc.co.uk/news/health-11182666 - Key reason 'found' for gum and heart disease link

http://news.bbc.co.uk/1/hi/health/8700836.stm - Many 'too busy for a proper brush' of their teeth.  Too busy my giddy Aunt.  One wonders how long these individuals spend watching the one eyed hypnotist!!!

 http://www.bbc.co.uk/news/10176410 -  Brush teeth to 'prevent' heart disease.  One does have to ask why these BBC articles always have pictures of toothbrushes with WAY too much toothpaste on them, but that's a differant matter.

Slavery

(Here is the latest newsletter that went to my subscribers at GDP Resources)

Hello again

I know it’s totally unlike me, but I am going to discuss a controversial topic.

Slavery........... specifically financial slavery.

You see, we in the western world have been conned. We were brought up with an idea, a blueprint if you will of what is expected of us (I am basing this on the career path of a professional person):

• Go to school
• Leave school with good grades
• Either take a year out or go to University
• Qualify
• Start career
• Start a pension
• Buy a car
• Meet someone
• Buy a house
• Get married
• Have children
• Buy a new car
• Buy a bigger house
• Build up a business
• Send children to university
• Sell business
• Retire
• Play with grandchildren
• Potter about
• Die leaving a vast portion of your wealth to the state

A perfectly acceptable life. The thing is, there is no law that says you should live your life like that. There’s nothing wrong with it, it’s just very conventional. Here is another Blueprint

• Get born to an impoverished household
• Go to school
• Fail miserably in your exams
• Leave with no qualifications
• Be told you will amount to nothing
• Get arrested
• Be told it’s either the army or prison
• Enlist
• Go to Vietnam
• Get enlisted in Navy intelligence
• Volunteer for covert ops
• Leave with $900 in your pocket
• Start your own energy supply business using your kitchen room table, a phone book and a third hand fax machine
• Win a $400 million contract to supply diesel to the federal government
• Supply that diesel
• Marry the one woman you ever loved
• Have children
• Move to UK
• Buy a castle in Scotland
• Build the business up till it can be traded on UK stock exchange
• Sell your stake in said business for several billion pounds
• Hunt crocodiles in Africa
• Become a consultant to the rich
• Live the high life

Now that’s a blueprint. The second person defied all convention and defied accepted practice. He made his life his own, starting from nothing.

As professionals, the majority of us will make a large amount of money in our working career. But we will also spend most of that money and find ourselves having to work into our late 50’s and early 60’s so that we can retire. Parkinson’s law states “all expenses rise to meet available income”. You spend most of your working life working because you HAVE to, not because you WANT to. And if you truly love what you do, then this is no bad thing. To do a job you love, and do it well is one of life’s rare gifts.

Unfortunately most people don’t discover this gift under their Christmas tree. Most people get trapped in a job they hate that they know they can’t leave because they have bills to pay. Think about that for a second. They get a job they don’t like to pay for the house they want to live in close to the job they don’t like. They then spend money filling that house with stuff to take their mind off the job they don’t like........ that they just spent time at so as to get the money to pay for all their stuff.

Absolute madness.

But it goes further. They even borrow money they don’t have, to buy more stuff that they don’t need, and pay back vastly more than the money they borrowed...... which means they have to keep working at a job they hate. That my friends is slavery........... VOLUNTARY slavery. Have a look at the people around you in the cars, the buses, the trains and on the pavements the next time you travel to work. Play spot the happy face.

You won’t see any.

And what about you? How are you when you roll into work on a Monday morning? What image are you giving off to your staff? Are you a:

“Oh, fecking hell, it’s Monday.”

Or are you

“It’s SHOWTIME!!!”

Just a thought. So what can you do? Well, here’s the strangest of things. Your financial freedom plan should be the same, whether you love your job or hate it. In my Mastermind Alliance product, you get a piece of software that lets you calculate your freedom figure. This is the amount of money you need in the bank, so that the interest from this money pays all your expenses.

That figure is what you should be working towards. Because once you reach it, you no longer HAVE to work. But there’s nothing stopping you carrying on working if you want to.

And here’s a radical concept for you. Your will reach your financial freedom figure quicker........... if you don’t spend all your money on crap that you think will make you happy. And there’s nothing wrong with fancy holidays in the Maldives.......... but if you don’t like your job, is it worth sacrificing 50 weeks of the year just to pay for 2? Is that flash new BMW worth working an extra year at your job?

And come on guys, do you really want to be relying on your pension for your old age? Have you seen how volatile the stock market has become recently......... it’s still lower than it was 10 years ago. Invest for the long haul?........HA! (That wasn’t financial advice by the way, just so you know).

Here’s my blueprint

• Go to school
• Question everything they tell you
• Get good grades anyway
• Decide early what you want to do in life
• Do it, and if you don’t love it do something else
• If it floats your boat, find someone special to spend your life with.
• Become financially secure
• Become financially free
• Have enough money to live your dreams
• Die with a big cheesy grin on your face
• Do it all again in the next life

You are both the slave and the slave master. Time to choose which one you want to be for the rest of your life.

Regards

Stephen Hudson BDS, MFGDP, DRDP

Please help support the Sick Dentist Scheme and the BDA Benevolent fund by buying my book at Choose Your Reality. A proportion of the profits from its sale are split equally between these two charities

PS: Please feel free to pass this newsletter onto anyone you feel may be interested in it


GDP Resources

Disclaimer: S.Hudson or SNH Publications will not be held liable for any actions taken based on the information provided in this newsletters. This information is for entertainment only.

A very English Rebellion

As much as i dislike Facebook, there are moments of sanity to be had.  the following link is from Channel 4 news about a Facebook group encouraging people to move Mr Blairs new book to the Crime section of their local bookshop. 

http://www.channel4.com/news/articles/politics/tony+blairaposs+book+takes+unexpected+journey/3759707

Well, it made me chuckle

Atlas Shrugged

Of the hundreds of books I have read over my years on this planet, there are three that stands out more than any other.  "Atlas Shrugged", "1984" and "The richest man in Babylon".

I briefly wish to talk about Atlas Shrugged,  because it relates to a conversation I had over a nice curry lass night.  In case you haven't read it, it is a fictional account of what happens to a country when innovation and the capitalist spirit is smothered by Socialist doctrine, red tape and Big Brother diktat.

Written decades ago, it now seems that we are venturing into this very arena, only in a slightly different form.  The small business owner, the lifeblood of the country is being smothered by regulation upon regulation that does little if nothing to promote commerce in any form.  We are being strangled whilst large corporations run rampant across the land doing pretty much as they please.

You only have to see how some Clinical Waste removal companies are acting dishonourably to see how fecked up the system has become.  Their use of lies and bully boy tactics is not backed up by any semblance of customer service.  When it comes to the law of contracts, they are unfortunately in dishonour.  Many of them are in breach of contract.

Time for us all to send them a message I think.  I will talk about this more in my next email newsletter.  To sign up for FREE, go to www.gdpresources.com

You can't keep a good man down

A blog is sometimes the last thing on ones mind when illness strikes. After suffering from a prolonged chronic illness that almost ended my dental career, the blog is back. The illness is there, but it is also a shadow of its former self.

Now, let's knuckle down and make some money