The New Rich = Choice

In his 2008 blockbuster book, "The 4 Hour Work Week" Timothy Ferriss coined the term the New Rich. He argued that the people with true wealth are those that have the freedom to do what they want when they want....no questions asked. Can you do what you truly want, when you want? You may have lots of money, a "successful" practice, but do you really have the ability to choose when you want to "work", go away, spend time with the kids...indulge in your true hobbies and passions.

Take a peek of one of my videos at the recent "Work Less, Make More" workshops where I describe who are the New Rich.

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In essence, in today's society, as i have alluded to previously, we have been conditioned into a way of working now and then enjoying retirement with our pension. However, with pension pots declining in value, and the thought whether we will actually get to retirement, one must consider is there another way.

The New Rich vs The Deferred Income Plan

Society's traditional approach has all been about the deferred income approach. Work now, and defer your income and true living to retirement, when we are supposed to be able to live a perfect life. But you and I know, life is never perfect, in fact it has it's way of throwing spanners in the works when you least expect them.

Hence the New Rich approach is all about generating cash flow, through automated business systems, and investment strategies that provide a passive income stream. Slogging your way all the way to 60 to build up a pension fund is certainly one approach to making it, however, i prefer an approach where i can choose when and how i earn and work.

Creating an environment and business which is dependent just on you is certainly a deferred income approach to life. However, one where you build a business less reliant on you, but on systems and other people is one that will allow you to live the life of the New Rich.

After all, being one of the New Rich, is not necessarily owning a Bentley or Ferrari ( i know many people whom own such cars and certainly are not the New Rich...they have to work extremely hard to finance such habits), but all about having CHOICE.

The choice to do what you want, when you want with whom you want. Period.

Knowing such business and investment strategies is just the first step to realising you have a choice, you just need to be committed enough to make it a reality. Nothing great comes easy after all.

Arun's Investment Strategies

As part of my put my money where my mouth is strategy (well i did it with The Neem Tree Dental Practices!) I have decided to put online, and out to public scrutiny my shareholdings in companies i own. I have decided to show you what I am currently invested in (share wise) and the price i bought the shares at. Some are doing very well, some not, however, my aim is to beat the market significantly, which i currently am. You can check out my Investments by clicking here.

I will be updating this page as and when i change my portfolio holding and feel it is worth purchasing/selling a share. If you want to keep in touch with my holdings and some of the reasons for my investment actions, then i would suggest you join the group.

Please note share trading does carry risk with it, so before you take the plunge, i would strongly advise you to learn "properly" how to do it.

Will you take the Road Less Travelled ?

We luckily live in a democracy, which enables us to have a choice. As Robert Frost put so eloquently in his poem, will you take the road less travelled?

My life has been about taking the road less travelled in to many pastures unknown. If you want to step away from the norm, and to take the road less travelled, you won't want to miss this event on the 19th June 2009, as i know it will make all the difference, to allow you to have the CHOICE you desire.

Please note, after June 19th, i won't be holding this course until the 30th October, so come along if you want to really make a start today on Mastering your Wealth. I can assure you, you will not be disappointed.

Have a great day!

Arun