If the idea of failing to reach your potential and spending your best years working with nothing to show for it makes you sick, this book is for you. Inside you will find for the first time, the secrets from a quiet subculture of Financial Advisers spending time with people away from the balance sheet, and helping them achieve more out of life.
Written by Clayton Daniel, a former ‘amateur rockstar’ whose chance encounter with an entrepreneur led him down the path of learning about money, travelling the world on the gains, and finally building a business showing others how to do the same. He has helped over a thousand people improve their understanding of money as both a Tax Accountant and Financial Adviser.
THIS THREE STEP GUIDE WILL SHOW YOU:
Why Your Purpose + Your Skills = Your Professional Superpower, and how to leverage it to buy time
How to catapult yourself into motivation by focusing on your fears rather than your goals
How the Five Bucket Method allows you to enjoy guilt-free spending sprees without ruining your future
What silent monster in the background is eating your money, and what to do about it
How to go from buying assets with the hope of making money to designing a wealth creation strategy with purpose
How to use the legal ‘Offshore Bank Account’ to grow your assets faster by saving you tax today, saving you tax every year, and saving you tax in retirement
Clayton is a personal finance expert specializing in cognitive minimalism – the belief that outsourcing the greatest stresses in life such as money to technology and automation, result in better performance across every other area of life.
Standing at the intersection of lifestyle and money, Clayton has built a reputation in the personal finance space as an innovator through his work with XY Adviser, building a unique financial services company, speaking engagements and authoring the book Fund Your Ideal Lifestyle.
Clayton spent ten years of his corporate career in accounting and financial advice. As personal finance flourished online, Clayton identified a broadening gap between what could be offered through financial planning, and what genuinely helped people succeed in achieving what they wanted out of life.
Clayton grew up in a sleepy coastal town where there was never much money floating around, and always thought if money was less complicated, there would have been more to share around. This passion to understand and simplify money led him down the path of personal finance. After working in the personal finance space for a decade, Clayton noticed three consistent problems across all demographics:
1. Not enough time
2. Not finding new experiences
3. Not holding on to enough money
These problems boiled down to one thing: people were wasting their life.
With the passion to simplify money, and the ability to implement unique service offerings in his own business, Clayton created a service to take on the salary of clients, pay their bills, and ensure there was money to go travelling with each year – while simultaneously building an asset base for later in life. What Clayton didn’t expect to find was the less interaction people had with their money, the better they were doing in every other part of their lives.
Clients began getting promotions, doing better in their personal lives, winning industry-wide awards, going on more vacations, and still building a larger asset base. In many ways, over the course of twelve months, these clients began living a far more ideal version of their life.
Clayton directed his research to decision fatigue and the cumulative effect incessant choices can have. This light bulb moment was the catalyst for the FYIL book, as Clayton realized through taking away his client’s burden of having to think about money, he had stumbled upon not just a superior way to manage a regular salary, but to manage life.
Over time, this blossomed into a full three step lifestyle management framework based around the three C’s:
1. Clarify lifestyle
2. Automate Cash flow
3. Purchase Capital assets
Clarifying an ideal lifestyle is increasingly important in this world of constant distractions because if you never do so, the easy and default answer is simply ‘more’. Instead spending some time deciding what an ideal lifestyle looks like is a great starting point.
Organizing cash flow is done through bank automation. Starting with redirecting the salary to a new bank account, the salary is then filtered to one of five buckets. The idea is then to walk away and let it all happen in the background.
Building capital assets is again done with minimal input. Instead of using professionals and complex investment strategies, one can achieve 80% of the results with 20% of the effort through investing in low cost ETFs. There are arguments for and against the results of this type of investing, but there is no arguing the low input, low distraction benefit.
Clayton’s professional experience is in tax accounting, and financial advice with Dixon Advisory, AMP and his own company Hillross Silverstone. He has worked with the AFA, XY Adviser and the University of NSW.