I recently added a page to the blog where you can ask me any question about wealth creation you like.  Brave?  Too generous?  Asking for trouble?  No………

I did this because I want to make the blog more interactive and also, to stimulate articles that arise from real questions.  This can only help our search engine ranking when Google comes by to crawl and then PageRank the new blog!

John was first up and I want to thank you John for your bravery!  It was a lovely question to answer, as you will see…

” Hi Nicola, Here’s my burning question…..I am a man. 50 years old. Anyway, I would like to ask for your advice regarding my route to the wealth highway.

My financial position is thus. Home owner with no mortgage. Our home is worth around £155,000 in today’s market. My wife owns a 1 bedroom house with her sister a 50/50 share mortgage  around £70,000 and valued at say £90,000. The property is let and only just pays for itself.

My wife and I both work with approx take home pay per month of £2250. I require around £100 a week to live on and my wife requires all of her income to live, so I can save around £750 per month.

I have a credit card of around £2000, savings of £3000 and my wife has a loan of £3000. I hate my job and would love to be free of it.

My interest is web design and am becoming quite good. Hopefully this is where I can shine but I need more free time for this to happen. I am knackered at the end of the day.

I realise that my wife and I are in a good position regarding our own home and we could maybe do something with the equity, I don’t know.

What would you do, Nicola?”

NICOLA’S REPLY:

“Hi there John…congratulations on being our first “Ask Nicola” burning questioner! And what a lovely one to start with……the quick answer is that you are financially free already, you just don’t know it!

I’m going to mainly deal with your own situation here as your wife and you seem to keep your finances quite seperate…is that right?  Do come back to me if you wanted a response bases on your joint finances….

You say that you would like to do more web design, and with some good marketing online, and networking locally, and I know that you could make a very good living at this.  Local business people are AT LAST waking up to the power of the web in generating leads for their business, and how efficient and cheap that can be compared with the traditional methods, like advertising.  They are happy to pay £500 - £1000 for a blog type site (great for SEO), and around £2000 - £3000 for a blog type site, with ecommerce / mailiing list capabilities.

You could educate yourself about internet marketing, including traffic generation, social networking and web 2.0, as well as web design (our about to be relaunched Internet Marketing Home Study System will soon be available via our very affordable Silver membership) and then you would REALLY be in demand.  I would envisage that, within a year, you would be outsourcing most of the work!

However, the issue seems to be time and energy, as your day job takes both.  Have you considered taking some of the equity in your house, and investing it in your new business, using it to

a) pay yourself a salary of £500 a month (£100 per week x 52 divided by 12)

b) pay for some teaching to bring your internet marketing / seo skills up to scratch - Money Gym Silver would cover that as it gives access to the MG Internet Home Study System (soon to be totally upgraded to cover Social Networking and Membership Sites)

c) pay for a year’s worth of mentoring - our Money Gym Gold programme would be ideal for this and I would suggest you have a look at our coaches, and see which one you think would best be able to hold your hand through the year, to set up and build your business.

I would think pulling out £20,000 would not only cover the expenses as above, but also pay the payments on the money you would be borrowing so your outgoings would not go up at all.  If you apply before you hand your notice in, you should have no trouble getting a mortgage of 12% loan to value.

Your other alternative - if you don’t want to use your equity, is to use your £750 a month savings, to build a “Freedom Fund” to cover your first year in business, and in Money Gym Silver membership, we give you a blueprint on how to do that, step by step.

HOWEVER, if I were you, I would be pulling out all the equity available, and as well as investing in my new business, as above, I would be buying as many one bedroom buy to let flats (existing housing stock NOT new builds) as humanly possible.

This would ensure that you never had to work again, if you didn’t want to!  You could keep leveraging the growth in your property portfolio, again and again, tax free, to grow your portfolio further and to live off.

Again, this is something our experienced property investing Money Gym coaches could hold your hand through, via the Money Gym Gold programme as they are all very sound on this topic!!

Now, you know what you can do (and what I would do) the only question is “what’s going to stop you doing it?”

Keep in touch John and let me know how you get on?

Warm regards, Nicola”

JOHN REPLIED:

“Hi Nicola, Thank you so much for replying to my question and so quick. Your suggestions have given me food for thought and I guess you have confirmed what I have known for quite some time. It’s time to make strategic change in my life. So what an I waiting for………………just do it.  Thanks again Nicola, John”

If you would like your question answered online, with your personal details removed so nobody knows who you are, just visit

http://www.asknicolacairncross.com

Hi Nicola

What would you do, Nicola?

Hi there John…congratulations on being our first “Ask Nicola” burning questioner! And what a lovely one to start with……the quick answer is that you are financially free already, you just don’t know it!

I’m going to mainly deal with your own situation here as your wife and you seem to keep your finances quite seperate…is that right?  Do come back to me if you wanted a response bases on your joint finances….

You say that you would like to do more web design, and with some good marketing online, and networking locally, and I know that you could make a very good living at this.  Local business people are AT LAST waking up to the power of the web in generating leads for their business, and how efficient and cheap that can be compared with the traditional methods, like advertising.  They are happy to pay £500 - £1000 for a blog type site (great for SEO), and around £2000 - £3000 for a blog type site, with ecommerce / mailiing list capabilities.

You could educate yourself about internet marketing, including traffic generation, social networking and web 2.0, as well as web design (our about to be relaunched Internet Marketing Home Study System will soon be available via our very affordable Silver membership) and then you would REALLY be in demand.  I would envisage that, within a year, you would be outsourcing most of the work!

However, the issue seems to be time and energy, as your day job takes both.  Have you considered taking some of the equity in your house, and investing it in your new business, using it to

a) pay yourself a salary of £500 a month (£100 per week x 52 divided by 12)

b) pay for some teaching to bring your internet marketing / seo skills up to scratch - Silver would cover that

c) pay for a year’s worth of mentoring - our Money Gym Gold programme would be ideal for this and I would suggest you have a look at our coaches, and see which one you think would best be able to hold your hand through the year, to set up and build your business.

I would think pulling out £20,000 would not only cover the expenses as above, but also pay the payments on the money you would be borrowing so your outgoings would not go up at all.  If you apply before you hand your notice in, you should have no trouble getting a mortgage of 12% loan to value.

Your other alternative - if you don’t want to use your equity, is to use your £750 a month savings, to build a “Freedom Fund” to cover your first year in business, and in Money Gym Silver membership, we give you a blueprint on how to do that, step by step.

HOWEVER, if I were you, I would be pulling out all the equity available, and as well as investing in my new business, as above, I would be buying as many one bedroom buy to let flats (existing housing stock NOT new builds) as humanly possible.

This would ensure that you never had to work again, if you didn’t want to!  You could keep leveraging the growth in your property portfolio, again and again, tax free, to grow your portfolio further and to live off.

Again, this is something our experienced property investing Money Gym coaches could hold your hand through, via the Money Gym Gold programme as they are all very sound on this topic!!

Now, you know what you can do (and what I would do) the only question is “what’s going to stop you doing it?”

Keep in touch John and let me know how you get on?

Warm regards

Nicola

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!

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

The Money Gym is participating in The Grand Wealth Giveaway - One Week Only!! Get your free gifts here>>>>

Madeleine Giddens of MadAboutHerbs.co.uk and Money Gym Club Silver Member says:

I have been a Silver member of The Money Gym Club since it first started but only recently realised the amount of information accessible to me due to being overwhelmed by other marketing newsletters.

The Internet Home Study Program alone is worth the subscription fee; it covers all the basics of setting up a website and marketing it and thanks to the keyword research section I have finally sorted out all the keywords that have the most traffic so I can focus on these for articles, hubpages, google adwords etc and also identified the ones that have high traffic but low competition for advertisers so are ideal as part of my Google Adwords campaign.

There are many hours of (wealth creation) audio available which can be downloaded and listened to at leisure covering a wealth of topics.

The (private) google group is incredibly useful and full of very helpful and experienced people should you have any particular questions on any aspects of wealth creation.  I finalised my ebook title with the help of this group as have many others, ebook pricing advice has also been given.

It is inspiring to read of other people’s success and also to realise that we all struggle with similar issues and can help each other through them.  It is also another resource that can be searched at a later stage when you are ready for another lane of the wealth highway!

The Ezine is inspiring and also has useful articles which are bang up to date.  It also together with the blog will keep you up to date with the best of the other internet marketeers out there thus reducing the overwhelm factor.

It will take you a while to get through all the existing material available and more is added regularly giving you constant value for money.  I highly recommend you give it a try.

Madeleine Giddens

MadAboutHerbs.co.uk

Entrepreneurs don’t have a choice.  We have to do what we do - it’s as crucial to us as breathing. But many people think badly of us - and I have experienced this at first hand, many times.

So, with his name on my lips for the second time this week (read my “Note From Nicola: Wealth Coach Diaries” for the other mention….it is with many thanks to Yanik Silver for posting this inspirational and moving video about entrepreneurialism, on his blog.  This presentation by jon Butcher, was first delivered at Necker Island, to an audience including Yanik and Richard Branson among others.  Sounds like an amazing event…..

Yanik says on his blog “A few months ago, while at Necker Island, one of guests there, Jon Butcher, showed a video to everyone there during our Virgin Unite brainstorming session. We didn’t know what to expect but we politely obliged.After it was done, it seemed to have a tremendous impact on everyone there including Sir Richard Branson. You see, Jon had taken a lot of our thoughts on entrepreneurship, value creation and even the morality of capitalism that were swimming around in our heads, and finally expressed it. Yes, in our hearts, as entrepreneurs, we seem to instinctively realize as “producers” we provide incredible value – but have never stopped to put it together in this way.”

Online Videos by Veoh.com

Nicola here, with a very important and time sensitive message that will help you beat the credit crunch. As we head into the time of year when, traditionally, people start to think about their life and their future, I’m writing to you because I want you to think seriously about THE most amazing wealth creation opportunity I believe we have seen for the last 150 or so years. One that will help you to stop caring about small hikes in fuel costs, slight increases in the cost of living, a half per cent rise in your mortgage rate.

I’m talking, of course, about the internet. Now, before you pooh pooh me - listen up!

I’ve been mad about the internet as a marketing medium for years, but principally for marketing real world businesses.

Real World Success #1:

I was taking bookings online at my boutique hotel, The Acacia - see the old website here www.TheAcacia.com - before the builders had even started!!

Real World Success #2:

I built the Money Gym (www.TheMoneyGym.com ) from an idea to a six figure turnover business within just 3 years, with a website, an ezine and some business cards that I never used!

BUT….

As we go to all the big Internet Marketing Conferences, we kept hearing stories of people who made a million in a day with selling one ebook, but were never able to duplicate that incredible success for ourselves.  And for those facing the credit crunch right now….wouldn’t it be nice to make enough extra cash that any vagaries in our economy didn’t matter so much?

We - and many of our clients - regularly make smallish and regular amounts of money from esoteric niche sites, but even when we explored apparently really hot niches, like guinea pig whispering, or brown recluse spiders, or restaurant business plans, or Bed In A Bag sets, the millions still eluded us.

Looking back, that was mainly because of three things:

WHY DO SOME FOLKS NOT MAKE A GREAT LIVING ONLINE?

1. Not enough attention to detail - we just were not setting up the backend systems needed to automate sales

2. No viral growth element to our business - and no idea how to make it so

3. We DID split test some elements (one headline against another for instance) but we had no idea how to expand on that till we had the ultimate super-model performing sales webpages.

But now we do….we have the skills and we have the tools. And we want to share them ALL with you.

We have the skills to help real world business harness the power of internet marketing, and we have the skills to help people with just one ebook on a specialist subject wring the most money out of that product, while building up a virally charged email list of people who will want the next product being prepared (notice I didn’t say created, because we know where you can get quality products to adapt and make your very own).

As I say, we really want you to be able to help you make money online too.

Our Internet Marketing Home Study System is a great video based 12-step tuition for those just getting started online but to reflect it’s value, we have been charging £1497 for it - and it’s still worth many times that. Check out this recent testimonial from an 18 year old…

“Hi Nichola, Thank you once again for your giving me the internet home study program for a free trial, when I met you at the Institute of Directors meeting where you were doing your speech. I have been through the program once now and would like to give you some testimonials as to the quality of the program. I would have been lost without it! Many thanks, Mark Williams (the young lad with his mum)”

But we want to make it more affordable and available to more people.

GET YOUR HANDS ON THIS STUDY SYSTEM - FOR FREE!

So we are going to make it available - totally free of charge - to all Money Gym Silver members, for as long as they stay current members. This offer is available to fully paying Silver Members.

To this end, I want you to seriously consider upgrading your Money Gym Club membership to the full Silver Level, which involves an investment of just £27.50 a month.

You are getting a product that sells regularly at £1497 plus all the Money Gym Silver benefits for £27.50 a month.

In fact, it’s better than that, because if you buy our ebook for just £25.00, you get the first month Silver Membership free - a saving of another £2.50.

(Well, every little helps!)

The reason I’m writing to YOU specifically is because I think you want:

1. To learn how to make money online from a passion, hobby or interest

2. To learn how to market your real world business online more effectively

3. To find out if all those stories you hear about making money online are true!

SILVER MEMBERSHIP ALREADY INCLUDES:

* £50 off any of our acclaimed Money Gym workshops – this is
worth up to £450 a year if you come to six MGP and all three LTM days

Find out more here: Let’s Talk Money | Money Gym Presents

* Live wealth coaching by webinar once a month (recorded for MP3 download)

* Mixing with millionaire experts at the events and on the Forums

* Get your questions answered whenever you need support or feedback

* Instant downloads, audio and video, bucket loads of advice on wealth creation right away

* 24/7 access to our private and exclusive wealth creation Google Group

QUESTIONS?

Click the comments link below this post and ask any questions you have about this offer - I’ll be there, and will reply on the blog.

GUARANTEE

I want you to be completely without risk…so here’s my guarantee:
If you don’t think your Silver membership is worth it at any time, you can just email steve@themoneygym.com and he will downgrede your account back to the Free Level at any time.

HOW DO I GET STARTED?

It’s really easy to upgrade and get started:

1. Just visit our ebook sales page at http://www.themoneygym.com/book and click the button at the end to buy a copy for £25.00 (if you already have one you can give it away as a present or a competition prize)

2. Then click here http://www.themoneygymclub.com/subscribe and subscribe - use a NEW EMAIL ADDRESS if you are already a member - using the promo code you will be sent by email.

3. Email steve@themoneygym.com with the email address of your old account, and he will delete it for you. (If you are promoting us already via an affiliate link, skip this step and leave your old account running).

WHAT WILL HAPPEN NEXT?

You will gain immediate access to the “All Members” homepage, just click on the Silver button or the Internet System button to go to those areas.

You will ALSO receive an email giving you your affiliate code. This will help you promote Money Gym Silver Level and earn £10 a month on a recurring basis.

DO YOU HAVE TO BE 18 YEAR OLD TO GET ONLINE?

No, of course not! Ann Harrison is just a touch more mature and she got a LOT out of the Internet Marketing Home Study System…

“A couple of years ago, I signed up for Nicola’s “Internet Marketing Home Study System” and this is where I learned almost everything I know about having an on-line presence - building a website, Google advertising, blogging - the lot!” Ann Harrison http://contemporaryretirement.typepad.com/

OK, that’s it from me.

I want you to join The Money Gym Silver Level to enable us to help you.

We can’t help you if you don’t join!

Are you going to take action?

http://www.themoneygym.com/book

See you inside the club site!

Nicola

P.S. LIMITED TIME OFFER! No it really is. You need to do this right NOW because we are split testing this offer and may withdraw it from new customers at any time. Once joined, you however, will have access for life, as long as you keep your membership current.

It’s a plain fact that not everybody suffers in a credit crunch or downturn, there is often more money to be made;  while others wail and gnash their teeth, some just take responsibility for their own success and get on with becoming rich.

Wealth Coach Nicola Cairncross releases The Money Gym Listmania guide to surviving & thriving in a Credit Crunch.  View your copy here >>>

If you want to find out more about how it came about, Wikipedia describes a credit crunch thus…..

“A credit crunch is a sudden reduction in the availability of loans (or “credit“) or a sudden increase in the cost of obtaining a loan from the banks. There are a number of reasons why banks may suddenly increase the costs of borrowing or make borrowing more difficult. This may be due to an anticipated decline in value of the collateral used by the banks when issuing loans, or even an increased perception of risk regarding the solvency of other banks within the banking system. It may be due to a change in monetary conditions (for example, where the central bank suddenly and unexpectedly raises interest rates or reserve requirements) or even may be due to the central government imposing direct credit controls or instructing the banks not to engage in further lending activity…..”  READ MORE HERE >>>