Wealth Coach Diaries | A Note From Judith

2010 crept in under a blanket of snow, rather than coming in with the more customary bang.   After my month off in the Caribbean sunshine, sub-zero temperatures came as quite a shock delaying my return to full productivity still further in a way I rather enjoyed as it gave me at least three weeks to be acclimatising, thinking, planning and working on my financial intentions for the year.

There will be changes, of course.   There always are.   And no matter how distressing while we come to terms with them, in our heart of hearts we all know that change is good for us and that it all works out for the best in the end.   Whatever you have planned for your own new year, I hope it’s a good one.

Now, what has this Wealth Coach been up to in the last couple of weeks?

Weekly Wealth Webinars, Wednesdays at 11 a.m.

The Money Gym saw the beginning of term on Wednesday last week with our weekly wealth webinar at 11 a.m.   We run these now in three terms of 12 weeks and we rotate the topics between general wealth creation in the first week, followed by Mainly About Property, Mainly About Business and Mainly About the Internet on each of the following three weeks, then repeating the pattern three times in each term.   The general wealth creation call is open to all our clients including Silver and then all the other calls are for current and past Gold, Platinum and Boardroom clients.   They are generally all recorded so if you are entitled to attend but unable to do so, you can listen again later.   You can call in live or listen live on the web too.

How do you join?   Log into the Money Gym website and go to the home page of your level of membership and hit on the Webinar Access button which takes you to a further page with two buttons which lead to the schedule on one and the access details on another.

If you are a Silver member, note the dates for your diary of 10th February and 10th March and then the next two terms start (with Silvers again) on 21st April and 8th September.   If you don’t know whether or not you are entitled to attend, or you have forgotten how to log into the website or can’t find the information you need, then do please let us know.   We send weekly reminders to all current clients and usually one annual reminder to all alumni who are welcome to join or re-join us at any time then want another boost with their wealth creation activities.   Wednesdays at 11, come on down.

Money Gym Google Groups

Similarly we have been reconnecting with our community via all our Google Groups where topics of interest over the last twenty days have included investing in Champagne, rent2own, Facebook fan pages, buying and selling businesses, membership club sites, Cashflow, article marketing, Twitter, 2010 goal-setting, estate agents, time management tools, sales training, proof-reading, saving money, thriftiness, recipes, making videos, manifestation, debt, credit ratings, Warren Buffet, rooms to rent and sharing resources.   Phew!

I notice that one of our groups has 260 members and Google describes its activity as “low”.  Everything’s relative, Google! Plenty are overwhelmed by their membership of any single one of our Google groups let alone all of them.   There are ways to cope with this.   You never need to keep a single email because they are all archived on each group’s website and keyword searchable. You can set your membership to send you a daily digest instead of an email each time anyone posts and you can operate my favoured Scan/Delete policy which means I have deleted all those I receive before bedtime every day, having replied to any where I have something to offer.   Simple.

Out and About

Nicola and I had lunch with uber successful Neil Asher last week and we both went for the recession-beating £8.25 menu at Carluccio’s and Neil paid.   Boy did he get a bargain!   The two of us for that price.   Neil describes himself in an email to me today as a “self-made multi millionaire with seven businesses in five countries”, just the sort of chap you want to have buy you lunch on a bleak Thursday in snowy January.   He looks like Davie Bowie which was a bit of a surprise and he wasn’t in the least bit phased by Nicola and I chatting, laughing and coming up with ideas and stories at top speed on the hoof.

He’s very abundant, and wrote later to ask after my Top 10 Wish List for 2010 in case he could help me achieve any of them and offering his hopes that we would develop a great friendship in time.

I must confess to having to ask Nicola and Neil himself “were you truly wafted here from Paradise?” – you just don’t often see such giving and abundance.   What a role model.

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Why I am OBSESSED with FX by Judith Morgan

Friday:   I am obsessed with Forex.   I have been for about a year since Stephanie Hale first let me in on the secret that is Genecor.

Based in Cyprus, Genecor will trade FX for you and consistently return an average ROI of 6-7 percent a MONTH!   Yes, that’s right!

That’s 6-7% a month.

Genecor’s minimum deposit is 2,000 euros and I put that on their trading platform in June and can report that their returns are sometimes better than this, sometimes worse, but this is the average return.   They provide a spreadsheet where you can calculate that if you put in X sum of money at Y rate of interest, how quickly that can turn into a meaningful sum of money on deposit.   Mark Anastasi has demonstrated (as does the spreadsheet) that if you can get together a fund of 100,000 euros it compounds into 1,000,000 euros in about 3 years.

Several of our clients are doing this alongside me and I have been following internet marketer Mark as he also invests with Genecor himself.   Let me know if you would like me to send you details of how to do this.   There are LOTS of forms to fill out, which I allowed put me off for about six months but which only eventually take about an hour or so once you knuckle down.
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Are you ready to become a Business Investor? By Judith Morgan

The Money Gym is looking for 100 people with £1,000

At the Money Gym Board meeting this week, we took a big, bold decision. Big & Bold decisions R Us! We have decided to work with a US based team of Product Launch Formula experts to take our business to the next level.

What does that cliche mean? The next level?

We have reached the limits of what the three of us can achieve, that’s just me, Nicola & Steve. And we need some help. We have debated for more than a year what sort of form this help should take. There’s so much that needs doing. We’ve thought of VAs but none of us relishes the thought of training or managing them. We talk endlessly about job descriptions but no-one has got around to writing one. Actions – or inactions – speak louder than words.

And we’ve interviewed all sorts of “experts” in their field, mainly around internet marketing – our first and foremost channel for new business. SEO, Adwords gurus – none of them will offer a guarantee which meets our exacting criteria for our hard-earned profits.

So, what is PLF and how and why do we think it can help the Money Gym now?

Find out about the PLF and how you can get involved with our project and earn yourself fabulous discounts on our products and services plus advertising benefits on our website as our Friends >>

This is how it works:

Why I Have Sent Tudor Equity A Cheque For £2.5k With A Smile On My Face by Clare Hanbury

Money Gym Subscriber Clare Hanbury-Leu says: The relationship with Passive Investments was built on trust. I have trusted them to find the right properties – to renovate them to a high standard – to rent them out as quick as they can – to advise on the best mortgage deal – to re-mortgage and turn things around as soon as they can etc.

Most of us must be happy to accept risk to put so much trust into the hands of people we don’t know well. My friends, my financial adviser, my partner all felt nervous of the arrangement and advised against it but I pursued it – uncharacteristically ignoring their advice. My instinct felt strong on this one.

I have been involved with Passive Investments for 3 years and have two properties. The rental on one of these was a little slow in coming and the turnaround on the first mortgage again a little slow. I had one property fall through and lost a bit of money on legal costs and survey etc. All this said, I have been delighted with the results of the investments to date and delighted with every contact I have had with the company. I have felt totally supported by them. I like having them in my life. Every glitch, every query has been dealt with quickly, politely, humorously.  I have been happy to talk to two potential clients and chat through my experiences with them.

I have had some contact with Greg in the last few months and found him open and straightforward. He is an ideal business partner. Even prior to my contact with him there was no doubt in my mind that these are very tough times for the company with its peculiar business model that clients pay when we have done well and not until then! I am staggered that he has stuck at it as long as he has with no salary. I know he has worked for the future of his own properties (which is good thing) but he has also worked free for me too!

When the letter came though last week, the trust I had placed in them suddenly felt foolish. However after a few minutes indulging in panic…most of what I felt was what a WASTE of the talent and expertise that is this team. I felt upset that I would not complete the portfolio. I felt nervous about having to deal with the properties on my own and I felt frustrated to have to do so when they have a good system in place. I have a property in London too which I manage myself and would much rather it was in Passive’s care! Then I read that Steve wanted to keep things going with the team there and I was keen to know how I could help.

So…..there is this 2.5k (which is a LOAN) to help Tudor Equity capitalise – this is money that the very same advisers, partners friends etc will describe as throwing good money after bad – but I don’t think so. From a numbers point of view…Because the 15K back payment /property has been reduced to 10K this means that by the end of completing the portfolio of 5 properties, there will be a SAVING to me of 25K from the original agreement AND I’ll get the 2.5 loan back.

Hmnnn why is this a difficult one to agree to? I guess that it’s difficult because of trust. Do I trust them again? The way I see it is that they have ALREADY done so much for me re: my properties that they have ‘earned’ this AND if the team don’t think they can make a go of it because there are not enough of us signed up – we’ll get the money back anyway…and if they DO think they can make a go of it – well I am willing to give them an opportunity to do so.

My cheque is on its way to them with a smile on my face. I really want to help keep this business going and I am grateful to them for giving us a chance. I have not yet spoken to anyone outside of Passive and I have not looked on the internet to read what is being said so my words are unaffected by others’ opinions.

I don’t see any point in NOT supporting the team now. I feel the market is not only stabilising but strengthening – I think we all know this and what we also know is that we have a dedicated team and they will be even more so if this can go ahead. I really hope there are enough of us to give them a chance to navigate a path to creating a robust business again. I’m sure they can do it. The banks won’t help but I will.

Clare Hanbury B.Ed (Cambridge) MSc (London) MA (London)
International Development Consultant ClareHanbury.com

Business | What Anais Nin has to teach us about Success by Judith Morgan

Anaïs Nin was a Cuban-Catalan-French author who became famous for her published journals, which span more than 60 years, beginning when she was 11 years old and ending shortly before her death. Nin is also famous for her erotica.

Some will be disappointed I am not addressing her erotica today (!), only what she has to teach us about being successful, being fearful of our own success and hiding our light.

One of Nin’s most famous quotes is “And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom”.   I know what she means, do you?

Sometimes it seems easier to restrict oneself, to limit my gorgeousness, to hide my brilliance.

Today what am I hiding from?   I am hiding from things which I fear.   My fear concerns what other people will think, how they will react.   What will they do if I leave them behind when I go to live abroad?

What will happen if I leave projects I have created or co-created?

My timidity is also around how will I be when I am different from what I already know.   If I become even wealthier and/or raise my profile, if I accept any single one of the invitations I receive to go on television (the edit of which is outside my control), would I be mis-represented?

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A Week In The Life Of A Wealth Coach: Judith

Nicola is taking a holiday from writing the Note from Nicola and you will notice that Steve is freshening up the way the ezine looks.   Nothing stands still around here at Money Gym Towers .   Our abundant coaches have agreed to been strong-armed by me into each taking a turn over the next few weeks and I get to kick the whole thing off today.   We have been well briefed by Nicola to talk about one thing we have done to move our own wealth creation forward, one thing our clients have done to do the same and a little about each of us personally.   Like a typical rebel, I am going to ride roughshod over my directions whilst trying to meet the brief all the same.

I am grateful that it has been my turn to write this particular week and it’s been a fabulous week in which to be a wealth coach, largely due to beginning every day with the adrenaline rush of a 15 minute live radio broadcast at 9 a.m.   As part of our pre-publicity for the launch of the Money Gym Boardroom on 1st November and the whopping great discount you can get if you bag your seat before 31st October, Nicola and I have worked with five clients this week – Yvonne, Rob, Karen, Suzanne and Karen (no relation).   Holidays in Champagne, honeymoons in South Africa, a body-piercing studio in Croydon, £20k from innovative new online software training and a gorgeous niche dancing business.

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How To Run A Great Little Business

There’s a man in my garden called Michael.   And he’s building my garden office.   Coming free with my garden office, and he doesn’t know this yet but he will, is a refresher course for me on how to run a Great Little Business.

At every step of the way, Michael has been the consummate professional, taking care of every detail.   He came to scope out the project when he said he would, on time, phoning first to check I was in and had remembered and that it was still convenient.   We decided what I wanted and it turned out I would need planning permission because I live in a flat.

Michael drew up the plans and charged me no extra for that service, and in order to do that he had to make another couple of site inspections, all on time, all when he said he would.   He is businesslike, delightful, polite and respectful to do business with.   I put in the planning application, the council asked for more information. Michael returned to site and did what was necessary, no extra charge, all part of the service, all smiles, all quick and on time and exactly to his word.

We got planning permission in early September, during the post strike.   Michael’s wife, Lucy, had been on the council’s website and let me know the good news as soon as it was posted there.   We scheduled the work to start on Wednesday this week, 14th October.   In that intervening month, contracts were exchanged, deposits paid and terms for the third and final payment were agreed to suit my personal financial circumstances.   All very neat and tidy.   He told me when the build would start and end, when and how I was required to pay the three instalments totalling £12,800.

I got up early on Wednesday knowing that workmen like to start work earlier than I do.   I anticipated them at about 08.30, they contacted me 48 hours earlier to remind me they were coming and to enquire about parking and access for their deliveries.

Michael arrived on site early at 08.20, his assistant not far behind.   I showed them the facilities, the bathroom, the kitchen and invited them to help themselves to tea and coffee whenever they wanted.   Michael already told me that he was self-sufficient with his own supplies and would only stop twice during the working day for breaks.   His assistant said the immortal words “that’s OK, I don’t drink tea or coffee!”   Neither do I, so that’s just grand.   I was able to instantly banish the thought of becoming their tea lady for three weeks.

They set about their work with relish, the first day was mainly about bringing in the tools, staking out the area on which they were going to build.   Yesterday was about concreting the base and I could begin to see the standard of Michael’s workmanship which was exemplary. I could also see he was one of those entrepreneurs I always talk about in my trainings, a perfectionist control freak, i.e. on top of every detail and here before his team, leading from the front.   Fabulous!   I instantly knew on Day One that my garden shed is going to be gorgeous as you can see anyway from the photo.   I could see from the way he was perfecting the concreting just exactly the measure of the man.

So I said to the lad when he came to fetch to two glasses of tap water “I see Michael is a perfectionist, what’s he like as a boss?”   The lad was effusive.   He knows he’s getting a great apprenticeship.   I heard Michael giving him free life advice too, as they worked.

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Why Internet Marketing Is A Really Big Issue By Judith Morgan

At The Money Gym, one of the issues which always brings forth the most controversy, the most heated debate, is Internet Marketing.

Why is it such a Big Issue?

I am grateful to The Money Gym for teaching me a lot about marketing and about internet marketing specifically and latterly also about social networking.   Where would we be in this day and age without understanding how to use to world wide web to our advantage?

When I think back to my early days in business the choices were direct mail, still effective by the way if you know how to do it well, or expensive advertising which can be a bit hit and miss for my money.

And both of those took a very long time to achieve results and both were also costly; you lay out your cash before you know whether or not it will bring you the clients and customers you so desperately need and want.   Not much of a model for success, that.

The web offers us the chance to get almost instant feedback from our market, whether or not they like and will pay for our latest offering.   And you can find that our for free (if you dont count your time into the equation).

That’s why I love and appreciate what I have learned.   And why I use it almost every day in my businesses and in my life, both online and off, because some of the marketing lessons apply equally well offline too.

But my bugbear, if you will, and where I take issue with the multi-millionaires who teach us how to do this, is that they sell a dream. And the dream is that you can make passive income from a hotel balcony in the sunshine with just your laptop.

And you get to spend all day counting your money.

Just this week a client asked if it were possible to make £1,000 pcm within six months……

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Did You Know… that even the most basic Silver Membership of the Money Gym comes with prized membership of our online MG Google Group?

This week’s ezine tells the story of a correspondence shared there between Janet and Bianca, about manifesting co-incidentally, but they could have been talking about anything.

This week’s topics range from advice from landlords, telephone answering, activists in retirement, poor customer service, karaoke, reduced price Arsenal tickets, a five-minute management course, Twitter, debt, property investment opportunities from only £5k, buildings, recession bags, websites, BlogTalkRadio, men who like pink, computer viruses and proofreading.

Phew! Yes, this can sometimes be overwhelming until you learn to scan/delete, scan/delete, scan/delete and also to know that the Google Group itself is keyword searchable so you never have to save messages, you can simple go to the group’s website and search on any topic you like which is what MG Coach Marion did when Bianca posted about Janet’s May contribution on gratitude and manifesting; Marion then kindly reproduced it for us all so we didn’t have to search.   So this means you don’t have to save emails which you think might be useful at a later date, you can always find them pretty easily again or someone may helpfully do that for you.

Why do we think this group is important?   Because it allows us to create an invaluable community of people treading the same path to greater wealth and financial freedom.   We share a common purpose and many common interests, and all advice is all given generously and with humour.   You can give. You can take. You can ask. You can share.

This week a returning client commented as follows:

“I’ve been absent from the money gym for almost a year for various
reasons (amongst which I’m ashamed to admit is apathy)  but having
just read today’s posts on gratitude and manifesting I could kick
myself.  All I needed was just this one shot of your optimism and
enthusiasm to re-ignite my spark.

Whilst I have been busy working towards goals I set last year I
realise I have missed the buzz from a group of like-minded people.
Unfortunately, things like manifesting had long ago dropped from my
mind.  It’s so easy to forget all these sort of things and just get
bogged down with day to day work.

So a big THANKS for setting me back on track  (that’s the gratitude
bit) and now I’m off to think about what I need to manifest in my life
right now!”

And did you know, more importantly, that you can Join Silver here for as little as £4.97?

My Money Gym Week by Judith Morgan

Nicola’s still gone and its very peaceful here at the virtual Money Gym Towers.   I’ve noticed that Steve has been beavering away at a lot of chores which I know have been on his To Do List awhile and I have been enjoying the news from Nicola and Sarah who did a property deal on their first day in Stoupa!  Did you see that?   Have you seen their new property website? I’m in for a Stoupa property on a rent2own basis, how about you? Sounds like we could create our own MG holiday village in Greece!   Catch up with their remaining holiday exploits by following them on Twitter and seeing the photos and little Greek videos?   I said Greek, not geek.

This week has been rather unexpected for me.   The things I thought were going to happen didn’t and vice versa.   On Monday evening I played poker with my lawyer and won again even though I have no idea what I am up to.   Its make or break time soon, I will have to decide whether or not this is something that I’m just never going to be any good at, however much fun I have.   Still, I like spending time with my lawyer who is a gent, funny and clever and a genius at seeing the deal.   He had spent the day with my Property Boardroom which I had to miss this time around, although they are hammering out a few big deals it seems.   I should miss it more often; do they play bigger when I’m not there?

I scooted over to Red in Canary Wharf on Tuesday and learned about a couple of fascinating new opportunities they have coming up, about which more soon.   New build UK properties for owner-occupation or BTL, only £800 to get in + a guaranteed non-status 95% mortgage in three years’ time.   I told them I would take their entire stock for us Money Gymers!   Also a scheme whereby you can rent your equity to a bank and they will pay you for that with no risks/mortages/drawdowns, which will be wonderful for those on a fixed budget who want increased income and/or the risk averse and perhaps older people in lieu of equity release.   So many brilliant ideas at Red, so little time.

Regretfully, I had to put the debt collectors onto a third party who owed the Money Gym nearly £5,000 this week and I used Thomas Higgins, at the reminder of the wondrous Google Group about which we have writen this week in our Did Your Know column.   For only £2 they sent a letter before action and our debtor miraculously coughed up making me wonder why I hadn’t taken a firmer line sooner.   A lesson there.   Don’t let people owe you money, send the dogs in!

I spent a day on my own money which is always rewarding.   I did that thing where you tidy up which bank account you are using for which purpose, closed an unwanted duplicate bank account, put essentials on direct debit, and made sure only the right direct debits and standing orders were coming out of each remaining bank account.   So now my personal ones are in my personal account, my business ones in my business account, my property ones in my property account and so on.   Very cleansing.   And that gave me enough energy to go on and do something which Julia McDaid had recommended to me YEARS ago – to use Egg Money to link to all my personal current accounts, deposit accounts, loans and credit cards which means I only have to log into Egg’s website now in order to be able to control my 19 financial products spread across 8 separate banks.   Wowser!   The control.   Fabulous.

On Wednesday, normally known as webinar Wednesday, we were call free.   We had already agreed not to run Silver Elite during Nicola’s absence and then Xiosoft, who host the weekly Gold call, decided to do their maintenance between 11 and 12 at precisely the time we normally speak, so that meant I could divert my energies into the Money Gym accounts instead.   Then I went to recce a Central London venue for some 2009-2010 events and found a nice new boardroom with an adjacent hotel for Nicola, a carpark for me, and a series of lovely restaurants in which to enjoy our clients.

Peter Stanley and I continue to make strides with our Rent2Own mentoring calls on Friday mornings, although we only have two left before the end of term.   Peter helped a mate of mine do two deals last week alone in Manchester; my mate found the leads and Peter helped him to close the deals, one each as I understand it. How abundant is that?

Apart from one million emails a day, the rest of my week has evolved around Extreme Self-Care after I wrote a blog post about my Summer To Do list.   After a swift re-frame about which jobs on the list counted as ESC if I could get them out of the way before my holiday starts on 1^st August, I was able to cross three work-related items off the list this week whilst also adding a few more, but I reckon its OK to do the personal ones during the August holiday.   MG Coach Marion and I have done a couple of EFT tapping calls this week too and she’s been working on a couple of new websites for me.

My ESC activities included getting the garden gate painted and the front door fixed, getting the oven professionally cleaned, asking for a caterer on Twitter and finding two, advertising on Gumtree for someone to help with my garden and with my cat, and going with Marie Taylor on her birthday to karaoke at Lucky Voice.   Jane P Lewis, MG client, is going to arrange a singing trip to LV in Islington if you are up for it?   Let us know.

Lucky Voice? Perhaps not, but Lucky Judith most definitely.

Until next time…

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