Twitter Updates for 2008-08-30

• up late due to being out VERY late, and lying in bed watching the totally cool Frank Kern and the MindMovies concept http://snurl.com/3l9pp #
• STILL editing the audio version of the book – thank heavens I finished recording during week as it’s the Airshow at Shoreham Airport today! #

Powered by Twitter Tools.

Wealth Coach Diaries | Nicola’s Week

Audio, Overhauls & Foaming Events

The run up to the re-launch of The Money Gym Club Silver level on 29th September 2008 is going almost to schedule…some things are taking longer than we anticipated, but we anticipated that!!

Steve is busily planning the entire overhaul of the Internet Marketing Home Study System, which will include how to set up a blog website, how to do competitive intelligence of your market, how to use the brand new Google Key Word Tool, how to set up and use a shopping cart, and how to create and host a membership site on your own server hopefully!

Remember, 17,000 people giving you £5.00 a month will make you £1.02 million a year… that’s got to be worth thinking of a hot niche, and then learning about internet marketing for, surely?

For the Home Study System content we are going to be relaunching TheRestaurantCoach.com (recording every step of the way) and I’m really looking forward to it, as I always thought it had loads of passive income potential that we were not tapping into. And I love the whole topic of hospitality and the kind of people who work in hospitality….and there are loads of affiliate products.

We are going to be including access to the Home Study Course with Silver membership, and I think that, with the live wealth creation webinars, and the private Google support group, will make it well worth the new membership fee, whatever that might be. You can, however, get in FOR LIFE, at the current existing “pre-relaunch” membership fee, by buying the ebook or signing up for our Summer Special Offer (see below)

So it’s looking like a re-write is definitely on the cards in the New Year – or perhaps between Christmas and New Year, as I’m heading to the sun in January, with Money Gym Holidays. And let me tell you, every day I’ve woken up with the grey skies, I’ve reminded myself about that while looking at the webcams of my favourite beaches in Greece!!

We’ve hit a nerve with our latest event – it’s the right offering at the right time it seems. I’m absolutely delighted with the way sales are going for the Money Gym Presents…Brett McFall’s “How To Make Money While You Sleep”. This is for real internet newbies, and experienced marketers to want to brush up on the basics, so I’m looking forward to September enormously! It can’t have hurt that Brett tells me the World Internet Summit is sold out already!

So if you want to remind yourself what you SHOULD be doing, online, and find out all about the good cutting edge stuff that comes out of the World Internet Summit, you can come to our event the weekend after, and get an easy-to-digest update on the crucial things you need to know!

http://www.themoneygym.com/brettmcfall – hurry, though, it is selling well and our Joint Venture partners are mailing out this weekend.

I’m equally delighted with the response to our “Summer Special Bundle Offer” at £4.97 – loads of people are taking the opportunity to enjoy the 30 day fr.ee trial of the Money Gym Club, which will include a live webinar next Wednesday and 30 days membership of the private Wealth Creation Google Group. I’m going to get a lot more vigorous about removing people from the Google group if they are not Silver or Gold members, from September onwards.

I’ve had a bit of an easier week this week, socially, as I was exhausted by all my going out, up to last weekend! I missed the poker on Monday and rather wonderfully, I was missed by my new buddies who called to see if I was ok! On Tuesday Steve and I went out for dinner “at the dogs”, to celebrate the ending of one era, and the beginning of another. We bumped into Sally Cross, with her husband and son and I don’t know who was more surprised to see each other there! Sally bought the Worthing & Shoreham branch of http://www.TheCleaningBiz.com off me, and who now supplies our lovely new cleaner Yvonne.

Two of my internet mentoring clients have had their first client enquiries, even within the first 6 or so weeks of their sites going live! I’m ready to take on a couple more in September, so if you like the sound of that, check me out here at

But if you just have some questions about wealth creation, and where to get started, I’ve hooked up a new page on the blog called “Ask Nicola!” I will endeavour to answer all your questions on the blog and/or in this ezine so fire away!

http://www.asknicolacairncross.com should take you straight to it!

Have fun, we always are!

Nicola

Nicola Cairncross Wealth Coach, Author Internet Strategist Professional Speaker Founder The Money Gym Ltd Email us to have Nicola speaking at YOUR event >>>

Cool New Video Manifesting Tool

Nicola says:  Frank Kern has become my new “must have” guru…..he knows some great people!  I’m a great believer in visualisation and manifesting but I struggle with meditation……this is a great new tool to help you take a few minutes out of your day to start to use the Law of Attraction….I’m off to make my own movies now with Sony Vegas but you could use Windows Movie Maker or the MAC equivalent….use the comments lin below to tell me if you liked this, and what you are going to put on your movie…..or even better, hit the little viddler video icon to send me a video comment direct from your computer!

Find Your Finance Cornerstone

(This article is reproduced with kind permission of Mike Southon, international business speaker, weekly columnist for the Financial Times, entrepreneur mentor and co-author with Chris West of “The Beermat Entrepreneur” series of books).

Mike Southon says:  This is my column that will feature in Saturday’s Financial Times, which can be found in the entrepreneurship pages of the Money section. You can also find my columns on the FT web site here )

One of the symptoms of a credit crunch moving seamlessly into a recession is the unfortunate chore of the entrepreneur spending more time with their bank manager.

This might well be to obtain more credit to cope with a short-term cash-flow problem, or to explain the restructuring required to take best advantage of unpredictable market conditions. Whatever the desired outcome, this is unlikely to be a meeting which either party regards with keen anticipation.

The challenge is that the entrepreneur and the bank manager speak two completely different languages. The entrepreneur likes to talk about new ideas and opportunities, about changing the world and making a difference and being recognised in the street. The bank manager is probably under strict instructions from above to reduce the risk in their portfolio of accounts, and can only express this in the language of the spreadsheet and the bottom line.

Meetings between entrepreneurs and banks managers can be tense and sometimes even characterised by strong language. Many years ago in my first start-up our CEO went to open a bank account. He was back very quickly and in a bad mood, so we realised the meeting had not gone well.

In his view, the bank manager was an idiot; he had not understood how clever our CEO was, how we clearly had an unbeatable business proposition and how much money we all were all going to make, including the bank.

Our CEO was ultimately right about this. We did indeed sell the company for a lot of money only five years later. But back on day one we had a small problem; we did not even have a bank account yet.

Understanding finance is one of the toughest challenges for an entrepreneur, especially if they come from a sales or technical background. It is a very large topic with constantly changing rules, and it was a real challenge for Chris West to summarise this into simple terms in Finance on a Beermat.

West worked with finance experts Stephen King and Jeff Macklin, and while there are indeed chapters on double-entry bookkeeping and tax, the book starts with simple and straightforward advice: before you do anything, you should find yourself a Finance Cornerstone.

This is very unlikely to be a full-time employee from day one; most people have a ‘virtual’ Finance Cornerstone, someone who comes perhaps one day a month and puts some order to your receipts and invoices in preparation for submitting your accounts.

But we make an important distinction between an accountant and a Finance Cornerstone.

An accountant is essentially reactive; they will do your books and then tell you that you have gone broke. A Finance Cornerstone is pro-active; they tell you in advance that unless you do certain things, you will go broke at some time in the future.

Even if they only come in one day a month, they understand your business and can advise on how to scale up your business when times are good, and how to scale down your business when they are not.

Most importantly, they speak the language of the bank manager, and should always accompany you to any such meetings. The entrepreneur should make some introductory remarks, and then leave the running of the meeting to the Finance Cornerstone. In particular, any promises made about the provision of security or repayment of loans should be made by someone who not only understands the mindset of the bank manager, but who is also more likely to be trusted to keep those promises.

And if circumstances change and repayment terms need to be negotiated, this is best done by a professional, who will present a case that is based on facts rather than emotions. After all, the bank is in the business of lending money with interest, so as long as they think you will not let them down, they are more likely to be sympathetic to your cause.

In my first start-up we were lucky that another of our shareholders, the CEO’s brother, was a vice-president of Goldman Sachs, and thus able to smooth things over with the bank. If you are not in this happy situation, then I recommend one of the organisations that provide virtual Finance Cornerstones, such as King and Macklin’s company FDUK.

Alternatively, you can even ask your bank manager to recommend someone. I am sure they will be delighted to help.

Finance on a Beermat by Chris West, Stephen King and Jeff Macklin is published by Random House Business Books.

Finance on a Beermat (Second edition):
http://tinyurl.com/6jlpxj

Twitter Updates for 2008-08-29

• has written the ezine this week in record time! just need steve to format it now…..back to editing the audio version of my ebook #

Powered by Twitter Tools.

Wealth Creation Bundle £4.97 – Summer Special Offer

Who Else Would Like To Discover How To Turn £4.97 Into Financial Freedom? My blueprint for helping people get control and make more money find financial freedom in fact – is nearly 10 years old, and, to celebrate, I am practically going to be giving away my whole system with this brand new Money Gym bundle I have put together. If you want to take control, get out of debt, learn how to make money online or invest in property….you really should grab this offer with both hands today! It includes: “The Money Gym: Wealth Building Workout” – Audio Version - The First Three Chapters, Read By The Author “The Money Gym – Revisited” – 10 part Webinar Series featuring Nicola Cairncross & Judith Morgan with special guests, updating the book for 2008 4 Great Reports: “How To Become A Millionaire In Five Years or Less”, “Business Success 21st Century Style”, “Natural Marketing For Lone Rangers” and “Fee Setting For Loan Rangers” Audio of the UK’s 1st Wealth Creation Conference – over 30 Hours of top wealth creation speakers and millionaires, sharing their property, business, internet and stock market investing secrets, including C4’s “Secret Millionaire” Gill Fielding, Rohan Weerasinghe, Peter Stanley, Guy Levine & Greg Ballard The Brand New Internet Marketing Home Study Program 2.0 – we show you how to create an online business, step by step, with online “how to” videos 30 Days FREE Silver Level Membership of The Money Gym Club – get support from all of us, while you work through the other elements of this AMAZING bundle.

Simple (But Painful) Answer To Debt

Cliff D’Arcy says on the Motley Fool Blog:

Last week saw the release of I.O.U.S.A. in American cinemas. Just as former Vice-President Al Gore’s ‘An Inconvenient Truth’ warned of the coming environmental catastrophe, so I.O.U.S.A. reveals that America faces a financial crisis of truly epic proportions.

The film warns that the US is buckling under the weight of its $9.5 trillion national debt, vast budget and trade deficits, and negative personal-savings ratio. (You can view the YouTube trailer for I.O.U.S.A. here.) Of course, our cousins across the Big Pond aren’t the only society addicted to the ‘spend now, pay later’ way of life. In fact, on some measures, British consumers are now deeper in debt than our friends across the Big Pond…
I Owe UK

At a national level, the UK faces similar problems to the US. Thanks to rising government spending and the nationalisation of Northern Rock, our national debt is set to exceed Chancellor-turned-Prime-Minister Gordon Brown’s ceiling of 40% of gross domestic product (GDP, a measure of national income and output). Indeed, our national debt triples when you add in £200 billion of Enron-style, off-balance-sheet Private Finance Initiative (PFI) debt, plus a further £750 billion to fund guaranteed pensions for public-sector workers.

Just like the US, the UK continues to build up a sizeable annual budget deficit. Indeed, government spending is expected to exceed tax revenues by perhaps £50 billion in the 2008/09 financial year. In addition, thanks to the steady decline of British manufacturing, we now import far more goods than we export. Thus, like the US, we have a substantial trade deficit with the rest of the world, and are hooked on cheap imported goods.
We’re slightly better at saving…

Then again, British adults are a little better off than their American counterparts when it comes to personal savings. In the US, the savings ratio (which measures the proportion of take-home pay which is saved) turned negative some time ago. In other words, American adults are draining their deposit accounts, rather than shoring up their savings.

Here in the UK, the savings ratio has remained positive since the late Fifties. Alas, as I revealed in Who Stole Our Savings Habit, it fell to a 49-year low of 1.1% in the first quarter of this year. In other words, we now save just £1 in every £90, which is nothing to write home about. However, I hope this ratio will begin to rise as we Brits rediscover the virtues of saving.
…but far worse at borrowing

When it comes to mortgages and other personal debt, we Brits are head and shoulders above our European neighbours. Indeed, during our seemingly never-ending housing boom, personal debt more than tripled, as the data on this page demonstrates:

Source: Bank of England

As you can see, we Brits have borrowed almost an extra trillion pounds in the past thirteen years. Around five-sixths (83%) of this extra borrowing is mortgage debt, which shot up as house prices rocketed. However, our non-mortgage debt (such as credit and store cards, car and personal loans, and overdrafts) has also exploded, and now averages roughly £9,000 per household.

What’s more, according to money education charity Credit Action, our debt burden increased by around £98 billion in the past twelve months, or almost £1 million every five minutes. Today, our debt mountain is costing British borrowers nearly £95 billion a year in interest alone, or over £300 per household per month.

Ouch!

The simple answer: better budgeting

In my view, our vast increase in personal debt is merely a symptom, not a disease in itself. Our underlying problem is blindingly obvious: we’ve become accustomed to spending more than we earn. Indeed, millions of households routinely spend £110+ for every £100 of take-home pay. Of course, constantly living beyond your means is the road to financial ruin.

Thus, the answer to our national credit crisis is both remarkably simple and intensely painful. The government and individuals must stop spending tomorrow’s money today. In other words, we need to tighten our belts, cut back and live below our means. Otherwise, the scale of our problem will continue to increase, placing an intolerable burden on future generations.

In summary, my rallying cry is: Wake up, Britain and mend your spendthrift ways in order to avoid future financial meltdown!

READ MORE BYCliff D’Arcy HERE >>>

Ask Nicola

This is the page where you can ask us your most burning Wealth Creation questions – about any of the Lanes of The Wealth Highway.

• Property
• Internet
• Business
• The Stockmarket

We particularly welcome questions from women, and want to assure you that there are NO stupid questions – we all had to start somewhere with learning about making money and clever investing.

Name Email Country Burning question about wealth creation?

Twitter Updates for 2008-08-28

• Drinking coffee while thinking about getting up. Kids back on Sunday and back to 6.30 rising 8-( Have missed them tho #
• Wondering why my Twits don’t show on the Ping.fm widget on my blog….thought I would try posting on Ping.fm instead #
• Watching the 2nd Ryan Deiss “Million Dollar Napkin” video – they are really very good http://www.continuityblueprint.com/ #

Powered by Twitter Tools.

Million Dollar Napkin – Pure Genius

Just a quick note as I know you are still in holiday mode (even though the weather is tragic, isn’t it?)

I wanted to share some cool stuff we are doing here at The Money Gym…

1.  Great Fr*ee Video – The Million Dollar Napkin

In the run up to our event with Brett McFall on 20th / 21st September
(http://www.themoneygym.com/brettmcfall) there’s a new video you need to watch if you are into creating an online business.

Popular wisdom says now that, if you don’t have some sort of continuity programme at the back end of your original offer, then you will always be what Rich Schefren calls an “Internet Opportunist” rather than an “Internet Business”.

We have a membership site, Money Gym Silver, which is where we store our vast amount of wealth creation content and make it easily useable.  This is our continuity model.  Well Ryan Deiss is one of the top gurus on successful membership sites, and I was reallyimpressed by the way he explains his model – on the back of a napkin!  You can watch this fantastic video here http://www.continuityblueprint.com/

2.  Great Fr*ee Audio – The Money Gym Book

I’ve started recording the Money Gym Book as audio “as read by the author” and it’s going pretty well.  You can listen or download the first three chapters “Discovery”, “Beliefs Behaviiours & Attitudes” and “Cashflow” here at http://www.MoneyGymRadio.com – love to see your feedback and comments – just click the “comments” link at the bottom of each chapter on the blog.

3.  ** Summer Special Offer **

Membership Site 30 Day Trial with Loads of Cool Reports & Audio – Just £4.97

My latest mission is to get everyone who is on our mailing list, to try us out in some form or other – even if we practically have to give stuff away.  So if you are on our mailing list and enjoy the blog and the ezine, why not take advantage of our ** Amazing Summer Offer ** at just £4.97?  You will be able to try out the membership site, join our private wealth coaching Google Group (the jewel in our crown apparently) and attend the first Wealth Webinar next week.  If you can’t make it live you can submit your questions via the webinar page, then download the recording afterwards.

http://www.themoneygym.com/offer

I’ll end with one of the wonderful emails we get occasionally – I love people’s stories don’t you?  This is Margaret’s……

The Money Gym – you have the power to change lives! Judith, do you remember Tuesday 22nd March, 2005?  I was just about to pay off my one and only mortgage…And now I find myself with a property portfolio worth close to a million pounds. What does that say about a working-class girl from Queens Park?!

Yes, property is a slumbering giant!  Only yesterday when I was asking my accountant for a recommendation for an IFA or mortgage broker he asked whether I wanted one who sorted out pensions… I somehow managed to refrain from laughing. Why would I want to be paying into a pension when I could pay into a property? OK, I know it’s not quite as black and white as that and some pensions deals are good – especially if you started them 20 years ago!

The short answer is I am not concerned about my future as I used to be and right now, whilst waiting for my 5-10 years to pass before the properties ripen for harvest I am playing with the other opportunities that the Money Gym has opened my eyes to…Yes, I’m busy; yes, I’m working but it doesn’t feel like work when I enjoy it so much! It’s only work if it feels like work.  I’m not a ‘lie on the beach’ sort of girl and yes, I could do with a little more flexibility in my holiday schedule but overall, life is a playground for learning new things, touching more lives, making a difference.

And if I’ve learnt so much in the last 3 short years, what is still to come?! Yes, I am enjoying the fruits of these labours but that’s not my primary motivation.  Is your journey allowing you to touch more lives, to make more of a difference, to become more of yourself?

My one plea – Judith, Nicola, friends in the Money Gym – please don’t let me get lazy or complacent!  Onwards & Upwards!!!!

Dr Margaret Collins, Money Gym Coach
Happiness is liking what you do… Freedom is doing

See you in September!

You can do it too, you know!

Warm regards
Nicola

Next Page »