Issue #119 Date: 29th June 2009 In This Weeks Issue: Overseas Property by Judith Morgan- 10 Years of Free Holidays + Your Money Back – and more! Our New Did You Know Box - Cashflow Day
Overseas Property by Judith Morgan
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10 Years of Free Holidays + Your Money Back – and more!I know I have been banging on ever since the Property Extravaganza about RED and how it’s all about pensions and SIPPs - and it is. And about how a self-employed person without a pension can create a really meaningful one in only 10 years with only £25k and no more often using the “free” money locked up in their existing paltry little pension – and that’s right as well. But RED does all sorts of other interesting things too and this week’s story concerns 10 years free holidays for the price of one, plus your money back (guaranteed) plus the capital gain on your original stake. Most people ask me to say that again when I tell them about it because it sounds too good to be true! Can I just leave you to read that bit in bold a second time please? Do you know what the average price of a family holiday is? £3,600. And with Red, £2,000 or £3,000 would buy you a two week “bit” of a property which is prime beachfront or golf-front in any of the Top 10 sunshine holiday destinations in the world where sunseekers and golfers holiday all-year round. Your investment would entitle you to stay there for those two weeks for each of the next 10 years if you wanted to, or rent it out privately yourself if you did not or for only an additional £99 you could even swap it to go somewhere entirely different instead. I know, sounds a bit like timeshare, doesn’t it? But it’s not. Because at the end of the 10 years, the property is sold, you get your original stake back PLUS your share on any capital uplift on the building. For instance, if your £3,000 had bought you a stake in a leveraged beachfront apartment in Spain costing £250,000 and the property had doubled in value in those 10 years, you would be entitled to an additional £10,000 back. |
Testimonial
"My first experience of Cashflow 101 was a raucous Money Gym multiple-game gig. Great fun! But something wonderful happened that day and years later, I go damp-eyed just thinking about it. One of my team-mates drew a valuable card and rather than use it himself to build his assets, he knew it would make someone else financially free thus enabling them to get the rest of us out of the Rat Race. It was abundance in action and the most powerful thing I learnt that day. Cashflow games are a microcosm of life and a reflection of our beliefs and attitudes. They are a safe and perfect place to explore our thinking around risk-taking, scarcity, deal-making, opportunity and good fortune. So who was the winner of that first game of Cashflow? That day, we all won." Marion Ryan |
Note From Nicola
Portobello Road, Paintings, St Pancras & The Papillon ClubWell the fun quota is about to reach maximum toleration levels this weekend. Later today, I get on a train to London with Sarah, to go and meet Jennie Armato and Paul Clarke, for dinner. I'm interviewing Jennie for my new Money Gym book and then we are going to one of my favourite restaurants in London - Galicia in Portobello Road for aperatifs. Real Spain and full of local spanish people especially early every evening. Then onto Osteria Basilico - which is Italian LOL - for dinner. Then off very early on the Eurostar from St Pancras, which has the longest champagne bar in Europe, Judith tells me, and which opens at 7am I notice from the website. We leave at 8.30 sharp so best not go there.... To Gard Du Nord in Paris where Heather is meeting us and taking us to our hotel - for some reason she doesn't trust us to make it through Paris on our own. Not sure if we are seeing "Carmen" on Friday or Sunday, but on Saturday we are going for dinner at a charming and apparently marvellously eccentric restaurant & rooms on an island on the Seine, described by the owner Odette thusly ... Have Fun! Nicola |
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Nicola Cairncross
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Quote Of The Week
Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale. Zig Ziglar |
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