Did you get chance to check out the video “interrogation” video of the 2 UK Multi-millionaires - my mates Greg and Andy - who I mentioned in my previous email?

viralurl.com/moneygym/passivedvdmg">http://viralurl.com/moneygym/passivedvdmg

I have seen them present their business many times, and I was amazed when, watching this again (coz I love some of the stories and jokes!) I realised something completely NEW because it was described in a different way again.

Sometimes we need to hear something many times in a different way, before we get it, or before it moves from the place where we say “Oh! I know that….” to the place where we can say “Oh my gosh, I really GET that now!”

For me, this time, it was - in Section 2 or 3, I can’t remember which one now, where Andy was talking about how property is essentially free, and I thought great, he’s going to explain how, if you put some money into a property then you are able to pull it out again, then that makes it free.

O no!  He went on to say something I have heard him say before BUT IN A TOTALLY DIFFERENT WAY and I really got it this time.

It’s about how, if you buy a house for say £200,000, and you have an 85% mortgage of say 6% (interest only), and you are paying £10,200, or £850 a month, and you live in it (so there is no tenant paying your mortgage), then your property is still totally free.

The interviewer, Rob says, but how CAN it be?

And Andy replies “how long have you had your house Rob?” and Rob says 15 years.

Andy asked (and I’m remembering the figures here so may have them slightly off but not much - watch for yourself!!)

What did you buy it for (£46,000)

And what is is worth now? (£170,000 or thereabouts)

And what have you paid in mortgage?  Rob says £300 a month.

So Andy says…..

…… so in 15 years you have paid 15 x 12 x £300 = £54,000 in mortgage payments and you have a property worth £170,000.

So you have paid £54,000 to make £170,000, so you have made £116,000 - so your house has not only been free to you, but you have made money from it. He goes on to ask….

What business or pension could you have paid in £300 over 15 years to make a profit of £116,000? And got to live in too!

What Andy didn’t say was that you are also essentially “saving” your living expenses because you are living for free, so your actual gain is much bigger.

(This is how we teach you to think in the Money Gym and, if you want to find out more about how we do that, just visit http://www.TheMoneyGym.com/Gold )

BUT IN THE MEANTIME…..Go watch those three little videos!

Get a coffee, take an hour or two out and while it’s still fr*ee:

viralurl.com/moneygym/passivedvdmg">http://viralurl.com/moneygym/passivedvdmg

“This extraordinary video could be worth literally hundreds of thousands of pounds to anyone who watches it…”  Robert Barrett Success & Wealth Publications, April 12, 2008

Hope you enjoy them as much as I did!

Nicola

p.s. Some of our Money Gym clients are saying they are blowing their mind about property all over again!