SoulSista On Blip FM – oh yeah!

Thanks to @Mark_Braunstein for pointing my in this direction on his #partyfriday tweet!

Buy A House For £1 In UK Right Now!

Podcast: Play in new window | Download (10.0MB)

On Saturday 21st March at the gorgeous Cavendish Conference Centre, London W1G 9DT, the Money Gym will bring you The Good News about property investing in 2009 in the UK and overseas. We are calling this day our Property Extravaganza and our intention is to motivate and inspire you and re-ignite your fire for property investing. We will show you how we are doing it now and introduce you to affordable investments which work better than ever during the ‘global meltdown’.

Every instinctive entrepreneur or property investor knows in their bones that 2009 presents a once-in-a-lifetime opportunity to make more money in property than you ever dreamed possible. That’s if you are well informed and have the brass neck to go against the tide! Come and meet us; we are doing just that. It’s our way. Who makes money following the herd?

And, mindful of the current credit crunch “crisis”, these property professionals and investment advisers have found ways in which we can invest for little or no money down, or learn to buy property like that ourselves, whether you have £1, £1,000 or £10,000.

Just ONE of our speakers is the dynamic Rick Otton from Australia, who taught David Lee, who taught us, how to buy UK property for just £1.  Yes it is possible and we are all doing it all over the country.

Rick Otton of We Buy Houses. Along with David Lee, the Cashflow Investor, Rick is the guy who taught us how to buy houses for £1. Several of our clients have already made it work and I work alongside those people together with my lawyer at our Property Boardroom. Rick’s a straight-talking Australian and we have invited him to give our Keynote speech just after lunch on the day. Rick & Dave will be offering an opportunity to go to their upcoming Bootcamp on 4/5th April in London and making a special offer to our clients on the day only. Keep that weekend free, you will want to go.

Here is a recording of a recent webinar where we introduced some experienced UK property investors to the concept…..hope you enjoy it!

[podcast]http://www.themoneygym.com/audio/2009rent2own.mp3[/podcast]

If you want to come next weekend to our Property Extravaganza to hear Rick speak live, and meet us all, book one of the remaining few seats here

http://www.themoneygym.com/events/property

If you want to learn this system from Rick and Dave, like we all did, but can’t make our day, you can attend his UK April Bootcamp here:

https://wbhuk.infusionsoft.com/go/londonlive/moneygym/

Money Gym Interviews | Anthony North, The Big Issue

We hosted a lively interview with Anthony North, Head of Fundraising for The Big Issue, yesterday and you can listen again here on our Blog Talk Radio show.

Anthony, as you can hear, is a raging intra-preneur for the Big Issue and is totally passionate about his work.  Listen to the show below and then…..

You can help us reach our £4500 target by coming along to our “Property Extravaganza” to hear the GOOD NEWS about property investing in the UK, right now.

Only £25 per person, eight great speakers, and a rocking day out!

Secure your seat here >>> http://www.themoneygym.com/events/property

Audio Article – The Shower That Wasn’t

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Today I’m delighted to share an article about something rather wonderful that happened in the Money Gym google Mastermind Group recently to S, one of our buy-to-let investors.

Time to listen 6:44 or read the written version here >>>

[podcast]http://www.themoneygym.com/audio/2008aashowerstory.mp3[/podcast]

Audio Article – Your Return On Investment

Podcast: Play in new window | Download (Duration: 10:57 — 10.0MB)

Audio Version

[podcast]http://www.themoneygym.com/audio/2008aareturnoninvestment.mp3[/podcast]

Written Version:

When you first get interested in Wealth Creation one of the first questions is ‘So how do I find these investment, property or business opportunities’?  A little bit later, you will find that you are overwhelmed with all the possibilities and opportunities are jumping out at you from every corner.

So how can you tell which ones to pursue?

If you have read Rich Dad, Poor Dad by Robert Kiyosaki, you will know about the ‘Does it Eat Me, or does it Feed Me’ question and it’s a really useful first yardstick of how good a deal may be.

Does it put money in your pocket or take money out of your pocket?

How long will it tie my money up for?

If you have to invest some money to get to the opportunity, how much, for how long, and what will your return on that investment be by the end of the first year?  This is known as your Return On Investment or ROI.

We are often asked, by potential clients, what their ROI will be, on our membership fees, and how fast will they recoup them.  Before I tell you our answer to that, let me go into “return on investment” a bit further as it’s important that you understand this fully.

The useful thing about the ROI model is that it can be used to compare any potential wealth creation activity, to compare a property deal with a business deal, a stock market investment with an internet opportunity.

If you can see that something will be putting money into your pocket within a year, and there is another deal that won’t, which one will you go for?

If you can see that one deal will return you 10% within a year, and one will return 30% , which deal is the more attractive?

What about one deal where the return will be 30% but will take you longer than one year, and be harder work, against a deal that will return 20% but start returning in six months and is safer?

This is where many new investors and entrepreneurs come unstuck.

The first way they come unstuck is because they don’t set a value on their time.  Because they have a lot of it, but not much money, they don’t tot up how many man hours they will be putting into a new business.  They don’t work out what else they could be doing with those hours (earning some cash!) and so they discount their real investment into the business and value it at zero.  Bad move!

They don’t work out their strategy and stick to it;  so they alternate between fear and greed, much like the stockmarket shows signs of occasionally, and go for the riskier, harder deal for a bigger return, instead of the safer, easier deal with a slightly lower return.

Think about how many of the second kind of deal could you do, with less effort, less stress and the faster returns?

The other thing they do is try to ‘bend’ a deal to work for them, rather than just going to look for another deal that does, effortlessly.

My ex-business partner, inspirational speaker Gill Fielding, says that she would always rather have the easier deal, leaving her time to get her nails done, rather that one big difficult deal where she would have to really work for her money.

And as someone who has ‘bent deals to fit’ on many occasions, I now have to agree 100%.

CREATE YOUR ROI YARDSTICK

The first thing to do is create a yardstick for any deal you are considering.  The ROI figure can be applied to anything and you can compare like for like, even if the deals are very different.

How much profit will a deal make in the first year, multiplied by 100, divided by the amount of money you are going to have to invest (or the value of the time you will be spending), to acquire that profit.

That, roughly speaking, is your return on investment expressed as a percentage.  A house that costs £50,000 and will generate £2400k per annum of rental income profit, after expenses, roughly generates a  4.8 % return on investment.  (Not to be confused with rental yield, which is different again).

If you think that the property may grow in value by 10% that year, then add £5,000 to the £2400 rental profit, to find that your ROI is now 14.8%.

Compare that with a similar deal, where you can buy a business card printing machine franchise generating £25,000 per year profit and you have to put in £75,000 to acquire the business.  33.3 % ROI and you have to go round emptying the money.  Worth it for those returns, you say?

But what if you had an 80% mortgage on the property, and the interest repayments were covered by the rent, still leaving you with the same rental profit per annum?

You have spent £10k to acquire that profit, you have a profit including capital appreciation of £7400k so your ROI is now 74%.

And no work for you, in the form of the money collection.

But whichever way, both returns are a bit better than the building society returns and both are “Feed Me’s”.

Use your yardstick, don’t change the goalposts and choose opportunities to fit your strategy or plan.

IN BUSINESS ALREADY?

If you already have a business, think about the startup costs and how much time you spent setting it up.

Are you getting a 35% return on your investment, year on year?
Will you get a 35% return on your investment in ten years even?

What is your exit strategy?  Are you going to work in your business till you drop, or will you eventually sell it?

Would anyone invest in your business right now?  Would you?

Would it sell today and if not, why not?  Would YOU buy it?    If not, why not?

These could be some of the most important questions you ever ask yourself about your business.

We have a visual “Return On Investment” model in the property module at The Money Gym Club – you can adapt it for using to evaluate business opportunities.  In fact, you can use it to compare any opportunity – like with like.

If you are thinking of setting up a new business, think about the projected return on your investment and what your exit strategy will be – how will you get your money out again?

Most entrepreneurs think that they have to sink everything into their business in terms of time and money; this shows commitment after all. A serious businessperson, however, would be planning to get their money out again as soon as possible, with a good ROI, while leaving the business to thrive healthily and continue to pay them dividends based on profits.

Buy “E-Myth Revisited” and “Rich Dad’s Guide to Investment” and devour them.  Make notes, underline, and take on board their wisdom.

Your business will never be the same.

THE MONEY GYM ANSWER

So, what is our answer to the Money Gym ROI question?

Judith says “By the time they ask this, I usually know quite a lot about them, and the things I am looking for are

1.   Are they bright enough to understand what we teach

2.   What is their preparedness to take action (motivation) for
whatever reasons

3.   Do they have any time – to do the work and take the action – are they willing to read some books and turn the television off?

4. Do they have any equity – so can afford to get into property
investment – which depending on how much they’ve got can ensure their financial security and ROI overnight often

5.   Could they develop maybe, an enthusiasm for learning how to trade the stockmarket, which could soon match their take-home pay if they are in a job, or

6.   Are they self employed  or do they already have an
under-performing business which we can teach them to run much, much more profitably

So my short answer is “how long is a piece of string” and I tell them that, and why.

Then I go on to give them examples of the girl who made her boyfriend over £18,000 in pure profit in under a week after learning what we know about the internet, the chap who made over £80,000 in one lunchtime by just chatting to another member.

I tell them about the woman who is making in one week more than she used to earn in one month from her old business, and she’s doing it in under half an hour a day, rather than a 12 hour day, the dentist who had enough equity to become a multi-millionaire almost overnight – he actually did it in under six months – and who still asks us when he sees us “Am I a millionaire yet?” laughing as he does so!

What about the chap who recouped his entire Money Gym membership fees for a year, within 12 days of learning something at his first workshop, that he immediately applied to his business?

Most people get thousands of per cent ROI on their membership fees!  Judith says she’s STILL getting a return on her investment in Money Gym membership from 2003.

And a lot of the time we can show them how to pay for their Money Gym fee from OPM “other people’s money” so their ROI is infinity!!

An infinity return on investment!  That’s what the property investors get, when they are able to force up the appreciation of a property, re-finance it and get their cash out again.

O yes, that’s still possible, even in this difficult market.

The only people who don’t’ get an ROI, are the ones that don’t come to the calls, don’t do the homework or who take no action.  The one’s who don’t listen, who hang onto their limiting and negative beliefs or allow others to influence them accordingly.

The one’s who don’t show up, in fact.  But Judith’s getting tougher at weeding those clients out at the beginning!

If you think you would show up, we would love to work with you in 2009.

http://www.TheMoneyGym.com/gold

Warm regards
Nicola

why not secure your Money Gym Gold place for 2009, at 2008’s membership fees, and be one of the 20 people to get the special bonus “Membership Site Bootcamp” worth £1750.

Join people like Shaun and Jody who are creating their very own membership sites right now at

http://www.WiiHealthZone.com
http://www.TheBlazingBBQ.com

No Product? No Problem

Podcast: Play in new window | Download (15.9MB)

Peter Woodhead came to talk to the Money Gym gang in London at the end of November and he showed us how you can still start an internet information publishing business even if you don’t have any product of your own, using public domain books and articles for virtually no cost to you!

Check out the lively 1-hour preview webinar call we hosted with Peter here

[podcast]http://www.themoneygym.com/audio/2008peterwoodhead.mp3[/podcast]

And then you can watch the full video set of this workshop at no charge, by registering here >>>

This post was sponsored by the acclaimed Money Gym Gold one-to-one coaching programme -
now enrolling bright energetic people (for January 2009) who want to change their financial lives for ever
http://www.themoneygym.com/gold

Money Gym – our music radio show

Stephen Fry is either so cutting edge it’s painful or he has a GREAT internet marketing team around him. Today his twitter introduced me to the very marvellous Blip FM

No Product? No Problem

I have just spent the BEST hour or so on the phone with Peter Woodhead, UK internet marketing expert, while he took us through how to find great public domain material, that you can legally take and make your own and create an info publishing empire out of.

Even if you have your own product, or are working on your ebook, you need to know about public domain material and how quick and easy it can be to get hold of and put to use in your business.

It was gripping stuff as the 40 or so people listening live will tell you!

He covered where to look for it, how to check if it’s ok to use, the various ways you can leverage the content and how to market your new product effectively.

Peter is coming to talk to us at one of our “Money Gym Presents….” workshops next Saturday 15th November in Central London and I’d strongly advise you come along if what he covered today was just a tiny taste of what he’ll be sharing next week.

You can download the Powerpoint slides to watch while you listen here >>>

You can listen to the recording here >>>

You can book your place at the workshop next week here >>>

Money Gym Live 2008-10-15 – Audio Version

Here’s the streaming or downloadable audio from today’s Money Gym Live TV show for your iPod.  Join Money Gym founder Nicola Cairncross as she answers questions live every Wednesday, from Money Gym subscribers.

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Click the “Wealth Surgeries” link above to watch the TV show archives or submit your question for next week.

Recession Proof Business | Do Your Own PR

If you asked me to tell you the Top 3 Ways to recession proof your business marketing, I would have to answer

1.  Move your mailing list online, keep in touch with your customers & prospects, build community

2.  Get over your fear of speaking in public, inform, entertain & educate while gathering names / emails

3.  Learn how to do your own PR – you can’t buy the column inches you get from PR and it’s EASY and CHEAP!

I grilled our PR supremo, Paula Gardner, from www.DoYourOwnPR.com recently about this whole topic and here’s the recording for your enjoyment

[display_podcast]

Paula will be joining us on Saturday, at our emergency workshop “How To Recession Proof YOUR Business” and you can book your place here for just £147 inc VAT.

http://tinyurl.com/recessionproofbusiness

If you are one of our existing clients, just email Steve@TheMoneyGym.com to come along.

Money Gym Silver – £97 | Money Gym Veterans – £47 |Money Gym Gold – Free

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