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In this issue

Golden Nuggets
Getting Wealthy - where do you start?

Wealth Lane Highway #1 : Business
Money, Money, Money

Success!  thinking, coaching, clients
A Host of Golden Daffodils

A note from Nicola
Argghhhhhhhhh!

Golden Nuggets ...

Getting Wealthy - Where Do You Start?
by Hermione Watanabe

Nicola says:  We are starting to get questions about Wealth Creation in Second Life (SL). A number of people have joined the Money Gym Club in SL (teleport to 61,158,58) and this week, we received our first "burning question" from a Second Life member. People in SL are just as keen to make money as people in Real Life (RL), as the Linden Dollar has a real monetary value, and people making a living in SL/RL is growing (see the Note From Nicola further down).

Nobby Negulesco asked this burning question:

“I have decided I want to be wealthy one day (the sooner the better actually!) but, I would really like to know, where do I start?”


Hermione says:

“Great question! Deciding that you want to be wealthy is a fantastic starting place, as many people never even get to that point.

Next you have to decide that it's OK for you to be wealthy; it's not wrong or immoral or evil in some way. That, by becoming wealthy, you won't be depriving someone else, who you may perceive as "more worthy".

Decide that you will become wealthy by serving others, filling a need or fixing a pain for as many people as possible, by providing a product or service that is needed, and that you will not put money in your pocket by depriving someone else of value.

At the same time, you will recognise that money is just a way of exchanging energy, and recognise that your future customers are grown ups and that they will make their own buying decisions, and they will decide if your product or service (your energy) is of value to them, and they will decide if they can afford it, and how much they can afford to pay (their energy).

Then you need to realise that there are only four ways to become wealthy (the Four Lanes of the Wealth Highway), and that the ideal scenario is to work on a primary one and a secondary one. This may be as well as your day job (which just pays the bills) and if your day job involves very long hours, or if you have a family as well, I would recommend picking just one to get you started.

The Four Lanes are: Business, Property, the Internet and the Stockmarket, and which one you choose will depend on your personality, strengths and interests.

You will also need to get some education about how to do those four things properly (successfully) and you will want to find a mentor, who can guide you and save you making all the awful mistakes that a new person in those four fields can make - and believe me, I've made some horrendous mistakes in all four, due to lack of education or a mentor.

Then you must ask yourself "Do I have surplus money and no time, or do I have surplus time, but no money?".

If the former, then you are ready to invest in one of the Four Lanes, you just need to decide which, and find out how.

If the latter, then you need to decide to make more m*oney (that is, above and beyond your everyday needs) in one of the Four Lanes, and then to decide to invest it in income producing assets, not spend it on shoes and holidays.

Delayed gratification is crucial at this point!

For example if you are highly analytical, and good with numbers, and in a hurry, you might like to try trading on the US stock markets. If you already have some money to invest, but no time, you will need to find out how to invest in the stockmarket for the long term (there is a great, proven strategy in The Money Gym book that takes a Sunday morning per year, and returns over 20% year on year).

If you are an "early adopter", love learning and find the internet fascinating, and pick things up very quickly, then you might want to learn how to make money online. You could start with making money from recommending other people's products or services and earning an affiliate commission, then move on to building a long term, sustainable internet business.

If you love the idea of property, you will need to educate yourself about what makes a GREAT property deal. Then you can either find great deals and sell them on to cash-rich but time-poor investors, or do a 50/50 deal, where they put the deposit and fees down, and your 50% is earned by finding the deal in the first place!

** Just for today, Friday 20th April 2007, you can buy Andy Shaw's great book **
on Property Investing and educate yourself on how to build a multi-million property portfolio in 180 days... visit Nicola's link for more info: http://www.AskNicolaCairncross.com/Recommends/AndyShaw

If you have the cash yourself, find the deals and JUST BUY THEM. One x 1 bedroom flat a year for the next five years will make you...

Have YOU got a question about creating wealth  - with your own business - via the stockmarket - investing in property - or making m*oney on the internet?  Email us now and you may see your questions answered by one of our experts in this Wealth Strategy Secrets ezine!

Success!  thinking, coaching, clients

A note from Nicola

Dear Friend

REAL LIFE by Nicola Cairncross

Well, we are in the new house! Steve organised everything with military precision; the home line and broadband was working before we had even moved, even the surround sound on the TV was in and working - the only thing we had to wait for was for BT to install Steve's office line.

So on the fourth day after we moved in, enjoying the sea views from three rooms, instead of just one, the extra space, the fitted wardrobes (I never knew you could get so much joy from fitted wardrobes! the mirrors double the feeling of space....) the engineer arrived and after much gadget beeping and scratching of heads, Aaron from BT announced that there was a problem finding the connection to the road and the "Outside Team" would have to be called.

Not a good sign, after last year's experiences.

At about 4.30pm, a lone man in a van arrived and started digging up the pavement. Leaving a hole and some "Beware" signs, he duly departed for us to discover.... that we had no domestic phone and much, much worse, NO BROADBAND!!!!
Argghhhhhhhhh!

And they are now saying (after hours waiting on the phone and navigating the automated system) they can't get anyone back here till tomorrow - 2 whole days!

This is hell for us. And totally unacceptable considering Steve went to such pains to make sure there was broadband before we moved in.   Steve was immediately asking that he come back and fix it NOW!, but to no avail. Typical! The first night with everything all straight and no kids and neither of us could get online! Steve is so FED UP!

Add that to the fact that we are both dieting for summer and there were some pretty grumpy faces around!

Talking of which, I've lost over a stone in the last three weeks and I'm aiming for "thin" this time rather than "slimmish". I want to be in short dresses and shoestring strap tops for the summer and NOTHING is going to stop me. I feel great!

Which is more than I can say for my bank accounts!! Several of which have been summarily - and without any kind of notice - closed down by my bank, Nat West Plc. Why? Because, following the advice of Martin Lewis, from MoneyExtra.com, I am having the temerity to ask for a list of charges or copies of my last six years bank statements, on each account. Nat West have even closed an account on which I haven't been requesting the statements!

This is a massive inconvenience, particularly on one particular account, as there is a credit card attached to it, with direct debit instalments supposedly going out of the (now closed) account. This company has a PayPal account luckily, so income is continuing to flow in, but lo and behold, the credit card company don't take PayPal payments. Well, they will have to learn how to now, won't they?

The statements, however, when they come, make very interesting reading.

On one account, I calculate I'm owed £965.00 plus interest, on another £625.00 plus interest, on another £1893.53 plus interest. I'm still waiting for two further accounts to have the statements sent, and on the fifth, they have only sent me statements going back two years, not six. So if the three accounts I'm still waiting for statements on, have an average of £1161 owed (worked out by the first three accounts extra charges, added up and divided by three) due on them, the total over the six accounts will come to over £6000 in allegedly illegal overcharging, over the last six years! This is ON TOP of the usual charges and interest!!

Now I want to point out that this is nothing personal, as I have a great relationship with my business bank manager. But in the same way the banks are very quick to charge you, and pursue you aggressively for their money, I think I have a right, if not a duty to my ezine readers, to pursue my money - which the Banking Ombudsman has decided was taken from me allegedly illegally, in the same way.

Small businesses struggle in the early days, and I was no exception. The bank manager - lovely man - tried to help me grow my business, but the bank itself was merrily charging me a fortune for services that apparently did not cost them tuppence. Looking at the statements, there is no rhyme or reason to it either - in some months I was charged £12 for a service, some months £36 for the same service.

In one year, they charged me over £1000 for various services, then charged me an extra £1000 plus (!!) in these allegedly illegal extra charges. My business could have done with that extra £1000, I can tell you.

I'll let you know what happens.


SECOND LIFE  by SL Money Gym Wealth Coach, Hermione Watanabe

Nicola's phone and broadband crash is holding up the lettings of my new luxury apartments in Second Life a bit; I had "To Let" signs to put up (my first attempt at 3D Modelling, please notice!) on the windows of the luxury new build apartments and wanted to show my sister, Larimar Watanabe, around the show home, the decor of which the architect FenwayMonster Greene described as "awesome".

Shopping in Second Life is such fun and the new man had some very helpful suggestions on where to go - saved me hours!

The realtor, Gwendolyn Fonck of Fonck Realty, has been over and had a look, and likes them a lot apparently. I have been doing some research on rents for beachfront property, and am thinking they're worth between L$1000 (US $3.70) and L$1500 (US $5.55) a week, for a long term let, perhaps? More for short term. Difficult to tell, as property is so diverse, so we will see what Gwendolyn says.

I need L$584 (US $2.16) a week per unit to cover the land tier fees on the three parcels (I get my own parcel for free then) so anything over that is profit. L$1500 per week x 8 units would bring in US $120 a month profit to spend in world on more land, new builds and SHOPPING!

Talking of virtual cash, Business Week have just published their first "Virtual World Rich List". Douglas MacMillan reports...

"Their avatars and names are fictitious, but their bankrolls are plenty real; get to know Second Life's top earners and find out how they did it.

Meet the virtual world moguls. The number of Second Life residents generating more than $5,000 in monthly income has more than quadrupled to 116 in the past year, according to San Francisco's Linden Lab, owner of Second Life.

BusinessWeek.com made a stab at finding out who's raking in the most, and how.

Virtual real estate has been the most lucrative industry from the start. The top land baron, Ailin Graef, became the first Second Life millionaire in November. Some Second Lifers are making a mint off consulting fees from the real-world corporations that are entering the virtual world. And there's a rapidly growing industry in designing clothes, accessories, and animation for avatars."

Read more here >>>

p.s. How's the virtual love life? Aha, thought you would never ask....Bit slow this week due to broadband issues, but a nice date on Sunday morning (2am Florida time) at Jade's Jazz Lounge! Couple of email exchanges this week so it's ongoing as far as we know...

Have fun, we are!

Nicola & Hermione


Nicola Cairncross

Wealth Coach
Internet Strategist
Professional Speaker
Author

Email Steve to have Nicola speaking at YOUR event >>>