£10k In 90 Days Challenge | Day 1 | Champagne

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The Money Gym has just launched The Boardroom, a way for your business to access a crack business team, 18 of your very own non-executive directors, plus Judith Morgan and Nicola Cairncross.  As well as making a very special launch offer of a third off your first year’s membership, Nicola & Judith are hosting a daily radio show, where they help each caller create an extra £10,000 in just 90 days from their existing business.

Today’s caller on The Money Gym “£10k In 90 Days” Challenge on our BlogTalkRadio show was Yvonne Halling with her champagne related business http://www.MadAboutBubbly.com

Quick bit of background: Yvonne’s husband Jiles is an expert on Champagne and among other parts of the business, like corporate champagne tastings, they own a beautiful house in the Champagne region of France which is available for holidays, sleeps 12 and rents for £1500 a week or £125 pp if you have 12, or £250 for the week if you only have 6 of you.  Very reasonable and it IS lovely, having been Yvonne & Jiles’ home previously.

Their website is currently being overhauled by Marion Ryan, Money Gym coach and blog/web expert so that’s coming along and looks great.  This will give them the flexibility to add / change the site whenever they like and will be very search engined friendly (search engines love blog sites!)

Jiles has written an ebook which is garnering rave reviews, and they are working on a follow up DVD right now.  They already have a number of videos on YouTube which I found by searching “mad about bubbly” although their channel is called http://www.youtube.com/user/jileshalling (see below for my comments on improving their branding).

We established on the 15 minute radio show that their fastest route to making “£10k In 90 Days” was to get let their house in Champagne for 7 weeks out of the 12 of the challenge period, and we came up with the idea of an virally marketed, online competition, using Social Networking via Twitter, a Facebook page and ideally joint venture mailings, where people can win a week in the house as a prize.

I also worked out that, if they sold 5-10 ebooks a day, they would make an extra “£10k In 90 Days” especially if they pre-sold the DVD bundled with the ebook, and that I would be looking at a Google Adwords campaign to drive extra traffic to the ebook sales page…….more on this below.

As time was extremely limited on the radio show, we have decided to take the follow up onto the blog here, where I will outline our suggestions, and my proposed plan of action, Judith can contribute, Yvonnne can add her thoughts, and get coached over the next 90 days to make the challenge actually happen!

What fun!

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How To Be A Millionaire (Right Now)

The key phrase that brings the most traffic to our website is “how to be a millionaire” and at about number five in the list is “how to become a millionaire”.  Hmmmm, that’s interesting isn’t it?  Just think for a second about what people are doing when they type those two search terms into Google, or their search engine of choice.

The phrase “how to become a millionaire” implies that people are searching for the “how to” of becoming a millionaire and actually I’ve written a great report that gives you that very information.

It’s called “How To Become A Millionaire (In Just Five Years)” and it’s very popular.

It sets out, in plain english, what you need to do to become a millionaire from property investing, the internet or from building your own business, which I feel are the three easiest methods for most ordinary people (of which I definitely count myself as one!).  You can download it here >>>

When you look closely at the phrase “how to BE a millionaire” however, it implies something different.  There are shades of “how to be famous” or “how to be beautiful” or “how to be loved” and there is an element of just wanting it to happen, to just be, without having to become.

Because being something, like a millionaire, implies you are already there, you have made it, you have succeeded.

And let’s be clear here, I’m going to talk about self-made millionaires here, not people who have inherited millions, like Prince Harry did today, on his 25th birthday.  6.1 million left to him originally, which has grown with interest to 9 million plus apparently.

(Today while flying helicopters on his birthday, Prince Harry is being a millionaire without having had to become a millionaire.  I wish him happy birthday and all the happiness in the world because no amount of money can replace his mum!)

Whereas becoming something like a millionaire implies that you know there is some effort, some work, and even, dare I say it, some changing involved.

So more people want to be a millionaire, than become a millionaire.

I’m a bit obsessed with this topic at the moment and have started a series of articles on “The Secrets Of Success” on our blog and you can read them here as they unfold week by week.

Because I have realised that it’s actually easy and quite simple to find out how to become a millionaire.

The bit I’m most interested in now is learning how to BE a millionaire or even a billionaire if that’s what you want!

Because I have learned that you have to BE  one, before you can BECOME one, at least in terms of attitude, thoughts, feelings, decisions, the people you surround yourself with, your actions and most of all the quality and amount of those actions.

Let’s look at those things, those requirement if you like, one by one, shall we?

Being A Millionaire – The Attitude

What kind of an attitude do you think a millionaire would need to have?

Open minded? That’s quite likely as you would need to be able to listen to new ideas without dismissing them out of hand.

Generous? Possibly, there are probably mean ones too, but you often hear of millionaires and multi-millionaires being great philanthropists.  Look at the programme “The Secret Millionaire” on which my first ever wealth creation mentor Gill Fielding appeared – those millionaires are actually giving away their own money.

A “Can Do” attitude would certainly help because in order to become a millionaire, you would need to have overcome problems, bust through challenges and above all, to have never, never, never given up.

The Thoughts

What kind of thoughts do you think you would need to have in order to be a millionaire?

Upbeat thoughts would help you overcome those “grey days” everyone gets and I would imagine someone who has become a millionaire has got pretty good control over the kind of thoughts they would allow in their heads.  This is tough at first, but the more practice you get at it, the more easy it gets.

Excited?  Yes, I would imagine a millionaire would have many excited thoughts, as every day must be a new adventure.  From the next business venture to the next holiday, there must be many exciting things to think about when you can do just about anything you want to and have complete freedom of choice.

Creative thoughts, definitely.  You don’t get to be a millionaire without having been creative at some time…perhaps you created a product or service that filled a need or solved a problem.  Perhaps you saw a great solution to something and took that idea from the original thought, through a trial to launch – that’s a creative process right there.

Positive? In order to be a millionaire you most definitely have make sure your thoughts are more often positive than negative.  Negativity is the lethal enemy of creativity and of taking action and taking action regularly.

The Feelings

Feeling Optimistic?

Yep, because if you are not optimistic you would never start a project.  It’s different feeling optimistic from choosing to have positive thoughts by the way, just think about it for a moment.  Can you say you both feel optimistic AND have positive thoughts?

Feeling Responsible

Feeling responsible is a bit of a double edged sword actually, but master the proper grip and you will become very strong indeed.  You need to feel responsible for yourself, and take responsibility for your own success, but you need to be careful of shouldering responsibility for others, their results and their happiness.

First born children in families – while more likely to succeed – need to be especially careful of this, as they often had to take responsibility for siblings, and parents struggle a little bit too.  Of course you are responsible for your children’s safety and getting enough love, but you are not responsible for the happiness and success of other adults around you.  That’s their job.

The Decisions

Being a millionaire involves making decisions,  They don’t even have to be great decisions or the right decisions but making decisions is absolutely crucial.  Making decisions means creating momentum and all millionaires have created massive momentum at some point.  They made decisions knowing that they could correct course later if they needed to, but that it was important to get going!

The People

Being a millionaire means surrounding yourself with great people, people you can trust, people you love, people who, ironically, don’t care that you are a millionaire.  It also means being around people who inspire you, who challenge you to be your best, and who you can continue to learn and grow from.

Actions – The Quality

I once read in a Steven Covey book that you should always do the right thing, not the easy thing.  That really struck home and it’s served me well in many tricky situations because most of the time, the action you want to take is the easy action (for you) but not necessarily the right action.

Of course “right” can be defined in many different ways – what is right for you might not be right for someone else (in their opinion!)  So you have to decide what action is right for you, by whatever criteria you define.  Is it right for your business?  Is it right for you?  Is it right for your wealth creation?  I think most people have a deep sense of fairness and are inherently good people, so I try and decide if the action I’m about to take is fair to as many people as possible and I ask myself if Nicola as a child would think it was a good thing to do – kids have a great sense of fairness and goodness I think.

So, you have to take good quality actions to be a millionaire so that you can live with yourself and sleep well at night, in your luxury mansion.

Actions – The Amount

Here’s the big one.  I’ve come to the realisation that both becoming AND being a millionaire means doing much, much more than most people would do.  When we went to T.Harv Ecker’s event in New Jersey, there was an exercise that he got us all doing (and made us promise not to tell) which made me realise that I always used to only ever do the BARE MINIMUM (much like employees only ever do the minimum required to keep their jobs), and that successful people aim way beyond doing the minimum – they take MASSIVE ACTION.

In conclusion, I hope that this article has made you think about the difference between becoming a millionaire and being a millionaire.

More importantly I hope it’s made you realise that you are much more likely to become a millionaire if you act like you are ALREADY a millionaire.

Because being a millionaire involves a whole different set of decisions, people, actions – both the quality and amount of, thoughts, attitudes and feelings and you can start to cultivate and practice those today.

I would love to hear/see your comments and thoughts on this article – if you just click the “share your thoughts” link just under the title up there, we can get a discussion going!

Working Family & Child Tax Credit Repayment Bullying Outrage!

I just got this in from one of our Money Gym clients and I’m re-publishing it in an effort to get some justice for those affected by these heavy-handed bully-boy tactics!  If you have had a similar experience, just use the comments box below to let us know about it!  The more attention this gets, the better.  Surely it’s putting people off applying?

In a bid to get this injustice noted and changed, I’m going to Twitter it and Digg It till we get some attention!  I might even email it into This Morning! and get the advice of our Money Gym Gold TV Producer client on what else to do.

You can help by digging this blog posting by clicking the button below, and re-tweeting it if you have a Twitter account.

MG Client K said “The tax man came a-knocking yesterday saying that I owed £3,500 in overpayments of working and child tax credits!!  This has come up, not because they have overpaid me but because I didn’t send them back a confirmation of my income. But now, apparently, its too late and I owe them the money. I can appeal but because the fault is with me and it won’t stick. If I go to my MP, he’ll get the same answer.

The truth is that it was in a year when I moved house and I think it just kept on getting put to the bottom of the pile!   The message from him was very clear – either pay (installments are OK) or they’ll take me to court. And if they take me to court and look at my outgoings, all other debts ie credit card repayments, will not be taken into account when they work out my disposable income.

Apart from not having anything to give them, this really offends my sense of injustice. I haven’t claimed for something I shouldn’t have, I haven’t been dishonest and I haven’t gone down the road of giving up and letting the state take care of me.  Has anyone else had this problem and taken on the system? I’d really appreciate any advice

Thanks for any help and advice! K  “

How To Choose A Red Hot Accountant For Property Investors

Judith says:  If you are a Gold or Silver member of The Money Gym and you attended our “First Wednesday” webinar yesterday (or listened again) you will have heard one of our clients volunteering to let us know about a new, shit-hot accountant she had met who gave her a definitive list of what she could and could not deduct from her tax as a property investor.   If you would like that man’s contact details, please contact me.

Our client is already a very successful professional property investor and she reminded me that this accountant works with one of the large property mentoring groups who have hundreds of clients and so he may be a busy man.   Just a warning, for what that’s worth and also a reminder from me that if you are a pro in property like our client, then this is just the sort of guy you need.

However, my own accountant, who is by no means either an investor in property himself or an “expert” in this sort of thing, quickly, easily and cheaply munched up the financial reports provided to me by Passive Investments who are building my property portfolio for me and added in my own spreadsheet for my single BTL which I manage myself and was able to produce timely and accurate information for my tax return.   Horses for courses.

So how do you choose an accountant who is right for you, your investments and your business?   A few pointers from me and I speak as an ex-accountant.

You want an accountant who ….

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Blog On The Move

Well, you can probably see that we moved our blog from our beloved Typepad to Wordpress eventually and after a very false start a few weeks ago.  Hmmmm, it’s more correct to say that Lea Woodward of www.ProjectWoodward.com moved it for us – and at a very reasonable fee too!

There were issues with our server and if you are not in the know, as I’m not about that level of techie’ness, it can stop you dead in your tracks.  But Lea sorted it out.  Which is ironic as Lea used to be one of my internet marketing mentoring clients – still that’s as it should be, the client outstripping the coach!

Now, for all of you out there who have started a blog on Typepad on my advice, don’t worry!  And keep blogging!

1.  No matter what they say, Wordpress is not as easy to use as Typepad, even with expert instructions

2.  You can very easily export your Typepad blog and import it into Wordpress if you want to, later.

So why have we moved then?

I’m on a mission to get our traffic up, and to improve our Search Engine Optimisation even further and I have finally been convinced that having your blog hosted on your own URL is one of the ways to do this.

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