Kurek Ashley tells us about his life before he had mastered his wealth & Health. He tells a great story about John Travolta picking him up at his ‘house’.

Have a look

Kurek looks at the different types of habits that humans have and how they negatively or positively effect our lives.

Its no good quitting smoking if you replace it with eating lots is it?

Kurek and Sean look at how to replace a negative habit with a positive one - Take a look!

Kurek looks at a great strategy for achieving your goals.

He calls it the ‘Be Do Have’ system

Rather than thinking “When im rich im going to be so happy” why not try getting rid of the ‘when’ and start being happy NOW?

In order to have the things you want you need to start being and doing the things that create the results you are after.

Just thought I would give you a quick update about how I fared in the Melbourne Marathon on the weekend.

First of all I managed to finish which was my main goal

My time was 3 hours and 50 minutes which was 10 minutes under my 4 hour goal -  so I was very happy.

The best part of the day was being surrounded by over 20 thousand fit and active people.  There was a great atmosphere and feeling throughout the race - nothing  is more inspiring than seeing an 80 year old grandmother completing in the full marathon.  What an effort!

I had trained and prepared well so my run basically went to plan.  At 30km I started to feel the pain but the hardest part for me was from 40km to 41 km.  For the past 10km I had been telling myself “just make it to the 40km mark and you are basically there”.  This worked very well but when I actually got to the 40km mark I realized that I wasn’t there at all! - I still had 2 more bloody km’s to go

Anyway - Thanks to everyone for all of your support and encouragement and let me know if you want to join me for a marathon in the near (or distant) future

Cheers Banjo Smyth

People that rent out their shares get paid by the people who buy call options. So let’s say we buy 100 ABC shares at $100. The next thing we would do is sell a covered call (it is called covered because we actually own the shares) at $105. We always want to sell a call option that is out of the money (above the actual price of the share). Why because that way if we are forced to sell our shares we will at least be forced to take a profit. For selling a one month call at $105 we are likely to receive about 3-6% of the shares price. So in this case let’s assume that we receive $5 per share.

I’m sure you don’t need any help with step 3 but you might be wondering why we can simply forget about our shares rather than monitoring them each day. The answer is simply because we aren’t too concerned whether they share price goes up or down. Why? Well lets now have a look at what would happen should the share price go up, down or sideways.

Share price goes up above $105 to $108.

We will be forced to sell our shares for $105 despite their actual price being $108. This sounds like a very bad out come but if you have a closer look it is actually a great outcome. We bought our shares for $100, sold them for $105 and also got paid $5 for the month. Therefore we actually made a $10 profit whereas if we had of just bought the shares instead of renting them out we would have only made $8.

Share price goes sideways and remains at $100.

We will get to keep our shares because no one is going to pay $105 for shares that could be bought for $100 on the open market. So in this case we have made a profit of $5 whereas if we hadn’t rented our shares we wouldn’t have made one cent.

Share price goes down to $95

Once again we will keep our shares. Had we not rented out our shares we would have lost $5 but because we received the $5 premium we actually don’t loose a cent.

So as you can see renting shares is actually quite a safe wealth creation strategy. Effectively what you are doing is trading of your potential to make a massive gain in one month for a regular monthly income. Which one is better? Well if you average out your percentage returns from share renting over the year you may be surprised at how effective it can be. Share renting returns generally fluctuate from 20-80% per annum. With a modest average of about 40% - better than bank interest I’m sure you will agree.

Renting shares is fast becoming one of the most talked about Stock Market Investment strategies. More and more investors are looking at creating income from their shares and capital growth from property. But what is share renting? Is it legal and can anybody do it? Let’s have a look at the basic concept of renting shares and see if this investment strategy is something that everybody should have a look at.

Renting out shares is very similar to leasing out your property for rent. The basic share renting strategy is as follows.

Step 1/ Buy a parcel of shares. If you are in Australia you will need to buy in lots of 1000 whereas in the US you can buy in lots of 100.

Step 2/ Sell a one month call option, one strike price out of the money.

Step 3/ Enjoy yourself for the month e.g. Go to the beach, watch the footy etc.

Step 4/ This will depend on where the share price is at the end of the month. Read below for more details on renting shares.

Now if this doesn’t make much sense I will now try to explain it in some more detail.

The reason why you need to buy your shares in groups of 100 (1000 in Australia) relates to step 2. Call options are sold in lots of 100 shares e.g. If you buy 1 call option you are actually buying a call option for 100 shares.

What is a call option?

A call option gives the buyer the right but not the obligation to buy a set number of shares, on or before a set date, at a predetermined price.

For example Lets say the stock ABC was trading at $100 and somebody bought a call option at $105 that lasted for one month. This would give them the right to buy ABC at $105 no matter what the actual price of ABC was at anytime during the next month. In order to get this right, the person buying the call will need to pay the seller a premium.

The next step is where we come in.

Come back and see part 2 in a few days.

I would like to share with you an interview that Kurek Ashley gave to Sean Rasmussen (One of my amazing mentors).  Kurek Ashley is a great life coach/motivator who has inspired me and millions of others to achieve our goals.  I hope you enjoy.

In Part 1 we will find out Who exactly Kurek Ashley is?

Last weekend I was lucky enough spend 4 days with Tony Robbins - what an amazing experience. I traveled up to Sydney to attend his Unleash the Power Within Seminar and it was well worth the trip. This was the first time I had seen Anthony and it was amazing to see one of the most influential educators of our time in person. There was more energy in the Sydney Entertainment Center than any rock concert I have been to. One of the best parts of the weekend was simply to be surrounded by thousands of people who have a similar mindset to me.

After coming home from Sydney I Was lucky enough to get a ticket to the AFL grand final and see my team (The Hawks) win their first premiership in nearly 20 years. 100,012 people crammed into the MCG even gave the Tony Robbins crowd a run for their money. As much as I love football I do find it kind of odd that thousands of people get more excited about 22 young men kicking a ball around the park than they do their own lives. Mmm slightly strange.

Less than two weeks to go to the marathon. Last week my knees were very sore so I have decided to keep my running to a minimum and do most of my training on the bike. The last few weeks are simply tapering so I should be fine for the big day. Sorry about the lack of Investment news but it will be coming soon I promise!

You are probably asking what does running a marathon have to do with Investment Strategies & Wealth Creation? For most people the answer would be NOTHING but for me the answer is EVERYTHING.

11 months ago I decided to fulfill a lifetime dream and complete a marathon. I have always been an active person and generally go for a couple of 4-6km jogs a week - a long way off the somewhat ridiculous figure of 42km that the marathon is. I see the marathon as the ultimate physical test, something that will push you into areas and feelings that you have never experienced before.

This is where I see the similarities to Investing and Wealth Creation. When you are beginning your journey towards financial freedom you are faced with ideas and concepts that are totally foreign to you. Dealing with the Stock Market, buying Real Estate to rent out and going into debt to create wealth are all concepts that are incredibly scary to someone that hasn’t experienced then before. Just like with the marathon these foreign ideas force you to choice one of two things. . . .

When your legs start hurting or you mind is getting confused you can either

Give up and stop running or stop learning about Investing

Or

You can keep going despite the fact that you feel completely spent, exhausted, confused and angry.

There is nothing better than going on a long run and getting to the point where you feel like you have to stop but you somehow manage to persuade yourself to keep going and finish. In that moment you have conquered the part of your brain that says “I can’t do it”. You have learnt that if you push through the pain barrier or that overwhelming feeling you get when learning about investing – you will succeed.

So after 11 months of training I am now only 4 weeks away from the Melbourne Marathon. 3 months ago I completed a half marathon (1:41:30) - 3 ½ minutes faster than my goal time. Since then I have slowly been building my long runs up and last weekend I completed a 35kn run in 3:15:00. My main goal for the marathon is to finish but I would love to do it in less than 4 hours. 4 weeks to go and I will let you know how I went.

When I tell people that I am doing a marathon they all tell me I’m completely crazy. To be honest I agree with them and that is the beauty of doing such a silly thing like running a marathon. It is such a long way to run that if I can finish it, surely I can do whatever I set my mind to?

So you want be rich but you don’t know how to get rich? Only a minor problem I’m sure you will agree – surely it can’t be that hard? First you will read Rich Dad Poor Dad then dream about getting rich quick and how you can become a millionaire whilst working from home. Next you might try some get rich quick schemes or get rich scams before you start to run out of ways to get rich. Unfortunately this will all happen before you become wealthy.

So can someone please tell me how to get rich because I’m impatient and running out of time!

Now before I bore you the secrets of how to get rich I want you to think about something. Do you ever catch yourself thinking about how everything is going to be ok when I’ve got this or everything is going to be ok when I’ve got that? Humans have a bad habit of always looking into the future rather than living in the moment.

The other day I was at the supermarket and I was making small talk with the guy at the check out. He told me how he was really happy because his shift had gone really fast and it was nearly time to go home. Nothing out of the usual but it got me thinking. We are only on this planet for such a short time that surely we should want every moment or minute or hour to last as long as possible. The idea of being glad that your day is over ‘quickly’ is a very weird concept. So what does this have to do with making easy money and becoming rich? Everything!

I am here to tell you that becoming rich is as much about your mindset as it is your wealth creation strategies. How many problems do you have today that you think would go away if you were to become rich? How many little annoyances each day would disappear if you knew how to get wealthy and were to become a millionaire? Well I have some good news and some bad news for you. . . .

The bad news is that those little annoyances will probably be there no matter how rich you are they just might take on a slightly different form. The good news is that you can get rid of those annoyances and problems before you get rich and you can start today.

The even better news is that in doing this you will learn the number one secret to getting rich. You might be saying “hold on this doesn’t make sense; I don’t want to get rid of my problems before I get rich - I want to get rich so that my problems will be deleted automatically”. Well I’m sorry but you’re wrong. Learning how to get rich is about earning money and about creating a great mind set. To be truly rich you need to be happy because I don’t know about you but I don’ think it would be fun being really rich but really unhappy and sad.

So the first thing that you need to do is realize that you already have everything within you that you will need to become rich. Your mind is a wonderful thing and you can use it to create whatever you want. The first step in becoming rich is to become happy in your self. How do you do that? Simply start appreciating what you DO have rather than what you DON”T have. I guarantee that if you can start to become happy within yourself then your financial goals will become so much easier to achieve.

So stop living in the future and start living in the present. The quicker you can do this the quicker you will be able to learn how to become rich. Who knows you might even find out that you are already rich?