This week I posted a blog posting picked up from another site, about whether the property boom had meant the death of entrepreneurialis

Read it here >>

The author seemed to be putting forward the view that entrepreneurs had been getting lazy and flocking to the property market - they put their premise forward thusly…

“The net effect of this (property) boom has been one where the incentive to become truly entrepreneurial was significantly reduced – why try and create a new product or service if there was a guaranteed high return from property development? Similarly, from an investment point of view, why consider any other investment opportunity if there was a perceived guaranteed high return from property development?”

Interesting how they slipped that “perceived” in the second sentance eh?  Do they mean that the return being gurarnetted

Let me give you a bit of context for my fascination for this….

In 2003 I bought my hotel The Acacia.  Property investment and business in one I thought.  A big TICK x 2 on the Lanes of The Wealth Highway.

I created an E-Myth’d business, one which would run without me, whereas I could market the place from anywhere in the world. Which was based in a building that would appreciate in value.

Then I met Andy Shaw and Greg Ballard, no strangers to business or property themselves.  They started to come to a lot of our Money Gym events at The Acacia and we used to spend time in the breaks in the back garden, because some of their team smoked in those days, and we could talk to Steve (the Manager / Chef at the time) through the kitchen window while he prepared his latest sumptuious feast for the clients.

I’ll never forget the day, when one of them uttered the following immortal words ….

“Of course, this place will never make you a good enough return in terms of profit, to make up for how much effort, worry and risk you have put into this place”.

They were not being unkind, just honest, and they knew what they were talking about, because they had had a big business;  two factories, over 100 staff who got up in the morning to cause them grief, over 100 pieces of equipment and a fleet of vans that did likewise.  They realised that, in their first property deal, they had made more profit than they had made in half a year in their business.

So they sold the business and went into property.

They suggested I sell the hotel business and concentrated on the virtually virtual coaching company The Money Gym, my internet marketing activities and property investing - but focusing on simple little one bedroom flats.

I was in a hurry to get out now, becuase the scales had fallen from my eyes in terms of the best use of my time and efforts.

Then I discovered the other problem - that Andy and Greg had also experienced - nobody wanted to buy my business when I wanted to sell it.  Or perhaps I didn’t know how to go about selling a hotel business properly.

And there were other people’s jobs depending on me - you can’t just walk away from a business if there are othere people working in it - your employees.  You have a responsibility.

Grim.

Anyway, with time it all resolved itself - not easy but we got there.

Because at the end of the day, as I never tire of saying, wealth creation is a simple matter of deciding where your best return on investment is, and putting your money, time (which is money) and efforts there. If you don’t know how to work out your return on investment (ROI) here’s one of my previous articles on the subject, which tells you how to work it out, and how to compare different opportunities, and make chalk like cheese for the purpose of comparing different opportunities.

Aye, but, here’s the rub.

We all have our personalities and emotions to deal with and that can muddy the waters.

We find that our Money Gym Gold clients

have distinct preferences about which one or two Lanes of the Wealth Highway they want to work with first.

Analytical people like the idea of the Stockmarket, women are always keen on property and often have a business idea (or existing business / self employed venture going already) while techie and marketing types are drawn towards the internet Lane.

The skill in the early days, as their coach, is in finding out if that is, indeed, their fastest route to the money, as Judith would say.

Because our main goal in The Money Gym is that we want them to recoup their investment as quickly as possible, then go on to create oodles of cash so that they can re-invest it and create more cash, and re-invest it………..you get the idea.

And here is where I get back to the point - hurrah!

We want them to do it as quickly and easily, and effortlessly as possible.

Because why would you want to flog your guts out creating something new, and trying to bring it to market, when you can make pots of cash from following a tried and tested system, a step by step process, one that is proven to work, with colleagues alongside you, and mentors who have gone before, to hold your hand and stop you making painful and costly mistakes?

Why would you go it alone?

I suspect the article was written by a “Creator” in Roger Hamilton’s “Wealth Dynamics” and as one myself (Creator / Star profile moi!) I can almost sympathise.

Almost, because I wasted 38 painful, poor years, trying to create a new business, and bring it to market.

I now harness my creativity into making money out of thin air, created great win/win deals, helping others to create wealth, and finding new ways to make our marketing better.

Who said wealth creation had to be hard work?

And unless your business can create a better return than the property market, why would you go there?  Current blips notwithstanding, the property market appreciates at an average of 10% per annum and the more sophisticated investors create an infinity return on their investment.

Most businesses don’t even break even.

Now, I can hear howls of protest from Judith in the distance (takes a while for sound to travel from Streatham to Shoreham) so I will finish up by saying that we are not anti-business in The Money Gym.

But we are anti-hard work.

So bring us your business idea and we will help you shape it into something that will run happily alongside your property empire building.  We will help you harness the power of the internet to market your business automatically, and then, only when you have nothing to do, will we let you look at the stockmarket.

Unless you want to start there, of course!

Client led coaching, with laser like focus, with a right old boot up the bum, that’s The Money Gym.

Come join us!

http://www.TheMoneyGym.com/Gold

PROMOTION:

Talking of whom, one of the supermodels of the property investing world, Greg Ballard, will be joining us tomorrow to tell us how to get an infinity return on your investment.

Then I will be sharing how to make money from property without buying any.

Then Maria Davies, another star of the property world, will be showing us what she’s buying, and sharing how to buy a luxury holiday home in the Caribbean AND create a monthly income, for just £1000.

http://www.TheMoneyGym.com/MGPresents/property2.htm

When I first started the Money Gym, and wrote the “Financial Intelligence 101″ tips, that grew into The Money Gym ebook, one of the most popular sections was the Property Investing Section.  Everyone wanted to know about investing in, and making money from property.

In the early days, when we used to host the Money Gym workshops at The Acacia, my much loved boutique hotel and my latest venture into property investing, we used to cover “The Top 10 Ways To Make Money In Property” and we used to simply tell people about them, they used to go off and investigate the one they liked the sound of, then we would coach them from there.

However, one day, a couple of guys came along who blew most of our “Top 10″ out of the water. 

Out of “Top 10 Ways To Make Money In Property” only three of them remain.  Which ones?  Aha, you will have to wait for the next few days to find out that!

After we heard about how these guys invested in property, we simply couldn’t, in all good conscience, just tell folks how they COULD invest in property, but we felt we then had to share how we felt people SHOULD invest in property.

Now this went right against all accepted coaching law and wisdom, I can tell you!

But hey ho!  Wealth coaching has always been different - a mix of training, mentoring and coaching, rather than pure coaching itself.

At The Money Gym, we aim to save you time, money, and stop you making expensive mistakes.

Mistakes like I made with buying that hotel in the first place.  If these two guys, my mates Greg and Andy, had been around in 2003, there is NO WAY they would have let me buy it.  They would have stopped me making THAT half million pound mistake.

Side note:  You will see in this week’s ezine, I talk about the difference between “failure” and a “mistake” and it’s an important distinction to make if you are an entrepreneur.  Essentially, a failure is something that can bury you but you can learn from your mistakes.

That hotel was a mistake - some would definately see it as a failure - but I choose now to see it as a mistake.  A very large one true….. 

One that taught me a VERY LARGE LESSON!  In fact, SEVERAL very large lessons.

I will never forget the moment in the garden of The Acacia, when Greg or Andy uttered the immortal words that made me realise that buying it had been a mistake and told me why.

1.  This hotel will never make you the amount of profit that would make all the work you put into it, worth it.
2.  You have a lot of your own money in this business and you will struggle to ever get it out.
3.  When you have had enough and you do want to sell it, nobody will buy it, unless you find someone as daft as you were, to buy it in the first place.

Hmmmmm…..

They like straight talking, those two.  And that is one of the things I most value about Greg & Andy. So many people won’t tell you what you need to hear.  Nobody around me in those days did, that’s for sure.  Hence the mistakes.

So, five years on, here we are, still making mistakes but not so many, and certainly not failing, and together with Steve and Judith, two more straight talkers, they are still two of my closest friends and mentors.  Whenever I want some advice about business and life, I go straight to Greg, and to Andy for property market / business marketing / creative / internet input.

So you can imagine how thrilled I am that Greg still comes to London, to present for The Money Gym on property investing.

I can’t imagine how much longer he will do that, as we are pretty much the only presenting he does outside their own Open Days.

He’s coming to the Southwark Rose on 14th June and really, you should be there. 

* If you have questions about the current property market, you should be there.

* If you have questions about your business proposition, you should be there.

* If you just want to see a down to earth, authentic, funny, FANTASTIC speaker, you should be there.

* If you want to recharge your wealth creation batteries, and hang out with some like minded people, you should be there.

That’s five “shoulds” in five lines, I’m about to get struck off the Eurocoach List!

Book your place here - still some Early Birds left as I’m late promoting this due to half term.

http://www.TheMoneyGym.com/MGPresents/property2.htm

See you there!

Nicola

p.s.  Greg always sells out fast so get your space booked now.

Every so often a wealth creation concept or different way of doing things comes along, that just blows my mind.

A few years ago, when I came across the way my genius property mogul mates Greg & Andy invest in property, my head nearly exploded with excitement, and I couldn’t wait to share their ideas with my readers. 

However, Greg & Andy’s way of doing things does depend on three things

1.  A good credit rating
2.  A pot of cash to use over and over again for deposits / refurb
3.  Ability to get a mortgage (lots of “buy to let” mortgages still ask for proof of earnings)

Now this is great for a large majority of our Money Gym members and hundreds of them have availed themselves of Greg & Andy’s services, via Passive Investments (next Open Day http://tinyurl.com/5pmtf8) or learned how to do it themselves, via Andy’s book. 

By the way, Greg is speaking for the Money Gym on 14 June - http://www.TheMoneyGym.com/MGPresents/property2.htm )

BUT………..

I knew there was about 30% of our subscribers who couldn’t “do property” the Passive way, or even buy their own home, due to

1.  No pot of cash
2.  No credit rating
3.  No proof of earnings

Now, I know that there are several other ways to make money from property, without having to buy any yourself, but sadly people just seem to give up at that point, and don’t go on learning about what makes a good property deal, if they haven’t got even one of the above three things in place.

So you can imagine how delighted I was when I met David Lee, via Tamkin Riaz, at the last World Internet Summit.  I really think that the heavens were conspiring that night, because I had met David several times before, but never really fully grasped what he did.

On this occasion, I ended up sitting next to him, his wife and son, in the pub, and out of politeness really, asked him again to tell me what he does…..an hour or so later, I still didn’t really get it, but dimly grasped enough to realise that it was a totally different way of making money from property, and to tell Judith we should invite David to speak for The Money Gym.

In January David did a VERY powerful presentation - and he would be the first to admit he’s quite new to public speaking - and his concept and content blew us away.

Can you imagine being able to make money from property without needing a deposit, a mortgage or a good credit rating?  Where you are not competing with all the “below market value” boys, and where you are not only making big chunks of cash, but helping two sets of people?

Let me repeat that……where you are making what we in the Money Gym call “life changing sums of money” while helping two sets of people. 

A geniune win/win/win situation.  It takes a bit of a mind-shift, a bit of a leap of faith, and access to some minor cojones to get started, but if you are open-minded and determined…….

I tell you now, this is dynamite stuff.  Judith and I both love it!

Several Money Gym clients signed up on the spot and we have all been working our way through the materials - the detailed “how to” workbook, the many hours of audio with real people, case studies, and student stories.  I have rarely seen a better put together home study course and the backup support from David is superb.

David is doing a presentation soon, and there will be a very special guest there - Rick Otton. 

Rick is the guy who learned how to utilise this way of making money from property, firstly in the USA, then Australia, and he mentored David to make it work here.

I have no idea where Maidenhead is, but, if you have despaired of every becoming a property investor, but you want to be, I suggest you get your map out and make your way there pronto!

http://tinyurl.com/574rzb

Don’t delay, places are limited and David’s last events in Ealing and Manchester sold out very quickly.

Take action now and I personally promise you, you will be amazed!

http://tinyurl.com/574rzb
 

Nicola says:  I received an interesting email this week from one of our Money Gym members and I was intrigued enough to pass it onto our resident property gurus to get their feedback.  I would welcome comments on the blog on this one too, from you experienced property investors out there….just click the “comments” link at the bottom of this posting.

“Dear Nicola, I was talking recently to a dear friend who has until recently largely ignored property investing although she has always made money in her own home buy buying cheap, doing up beautifully, selling on and doing the process again.   

I have a dilemma, in that, because she is my oldest friend and has seen me through many ups and downs, financially and otherwise, she largely discounts anything I say about money, budgeting, equity release, debt etc., which is both annoying and hilarious!  So, since I joined the Money Gym, I have tried not to get involved in talking about it all with her.

However, she has a new man in her life, who is quite keen on property property investing and so they are obsessed with property now, and they talk about all the time.  They are currently holding cash, tracking specific properties on spreadsheets, and waiting to invest on the South Coast. 

I am thrilled about it all obviously because it will sort out their futures totally!

However, Y keeps talking about the market having dropped 15% in our area, (I agree that prices have slipped back a bit as people are panicking –but 15% ????!!!) and the so-called property crash coming which he feels very strongly will make prices slip another 10-15% in the next six to twelve months.

This will make a total devaluation in our local market of over 30% according to him - £54,000 off a flat originally valued at £180,000 - and I can’t believe that is right because I know from my Money Gym learnings that prices only went down by 3% overall in the UK, even in the worst crash we all remember, in the late 80’s / early 90’s.

Obviously I know that this means some areas rose, some fell but the average over the whole country was 3%.

Y & C keep saying, they don’t want to buy something for £150k which was on the market for £180k three months ago, if it’s going to slip back to £130k in the next few months.  They keep quoting examples like this although they haven’t talked to any vendors that I can tell -  just agents.

By the time they buy a property, a year or two will have gone by, and all my Money Gym training says that this is a mistake – as Andy Shaw says “You don’t wait to buy property, you buy property and wait”  but they are having none of that!!

My thoughts are that the property they are quoting at £180k was overvalued three months ago, and if it’s now being offered for £150k it’s probably a very motivated seller too, and it’s pretty unlikely to go much lower.I also feel that it’s not an indication that all properties at £180k are now selling for £150k and are then likely to go down to £130k.

However, I can’t seem to find the arguments for why they should just get on and BUY ONE!   I tried telling them that, “consistently in this country property rises by 10% per annum, more than 10% in the South East” and “every year you wait to buy a property of £150k you are losing £15k in appreciation by waiting a year….”

It’s been bothering me that I can’t counter their arguments for waiting, even though I feel instinctively there is something awry with this argument, and I wondered what all your thoughts are on the whole topic?”

You all know that we love Passive Investments and we invest with them ourselves, as do many of our friends, family and clients. 

Here’s exclusive news and a link to a brand new video with Andy Shaw and Greg Ballard, who built a property portfolio worth over £37 million odd, with just one house, about 12 years ago!! 

As well as sharing their thoughts on the UK property market in the middle of the credit squeeze, and the so-called property crash, you can find out how they are trying to help a little girl they know!

Click THIS LINK HERE >>>> to visit the page where you can find out more
and get access to this free, information packed video now!

I knew Andy Shaw wouldn’t be able to resist on the dreadful headlines about the property market for long, and I was not disappointed.  If you can’t believe a man who, with his partner Greg, has built up a property portfolio worth over £30 million, then who can you believe eh?  Andy says….

“I was doing some research the other day for our business Passive, and I was asked to find some research from a recognised professional that backed up my argument about the fact that the country is not over geared despite what the media says.

Well here’s quite a good one that I thought you’d like too -
http://www.guardian.co.uk/business/2008/jan/12/housingmarket.houseprices

Martin Ellis is the chief economist of Halifax and he is stating that the property market is now worth £4 trillion, which is three times the UK’s annual output. And it shows household debt at what is commonly thought to be a staggering £1.3 trillion.

Now I have been trying to say that for years but never got round to looking for the figures to back up what I was saying. So, really basically, if you look at the country as just a person, it is worth £4 trillion, and has £1.3 Trillion of debt

So our mortgage and household debt, cars, loans, credit cards, the lot, gears us as a whole to 33% of our equity.

Can you tell me what loan to value the banks consider virtually zero risk lending?

Well different banks view it in different ways. Allied Irish view 70% as virtually zero risk, while Nationwide view 65% as virtually zero risk. Some banks go down to as low as 50% before they view it as virtually zero risk. But we as a population are at 33%, which is well below the risk criteria of even the most conservative of banks.

What does this say to you about the way the media and the government view the extraordinary high levels of consumer debt? It says to me: scaremongering. ……

Read more at Andy’s site >>>>

Discover How Two Men Turned £10k On A Credit Card Into £37 million Plus, In The UK, In Just A Few Years….
	Our mate, Andy Shaw. Property Genius & Thoroughly Good Bloke!
CLICK HERE NOW - DON’T MISS OUT !!