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In this issue

Wealth Highway
Starting to learn something new...

Success!  thinking, coaching, clients
What's the one biggest obstacle to success?

A note from Nicola
FTSE, Freedom and Fishfinger Sandwiches

Wealth Highway

This week we're in Lane #4 : Stock Market

Starting To Learn Something New

by Nicola Cairncross, Money Gym Founder

I've been quite keen on investing in the stockmarket for a long time now, after my ex-husband found a bunch of share certificates that had gone up in value from about £15k to over £40 in the five years since he had inherited them, back in 1997. The discovery of those shares took us through a very difficult year while my second baby was born, we got married and we both looked for jobs (shudder!)

I taught myself a lot about the stock market, fundamentals and technicals, and investing via books like Jim Slater's "The Zulu Principle" and Bernice Cohen's "Armchair Investor" but unfortunately I didn't go far enough because I concentrated on learning long term investing rather than discovering about trading and spreadbetting. The latter two could have created an income, whereas with long term investing, you are investing for growth.

Hmmmm, do you mean that, in the same way you can create an income from learning about what makes a good property deal, you can create an income from the stockmarket, Nicola? Oh yes, apparently you can. ..

continue reading this on the blog at www.WealthStrategySecrets.com >>>

Success!  thinking, coaching, clients

Quote of the week

"Believe in yourself
and there will come a day
when others will have no choice but to believe with you."

Cynthia Kersey
Author of Unstoppable Women
 

A note from Nicola

Hi there!

We have largely ignored the stock market lane of the Wealth Highway, at Money Gym Towers, for the last four years or so, concentrating instead on the Business, Property and Internet lanes. However, when the Universe wants to send a message, it doesn’t let up and numerous messages are coming through about paying attention to this lane now.

Mark Forster, who I highly recommend for his innovative time management blog (www.markforster.net) and books has just reviewed his stockmarket portfolio, which he chooses by using one of the easy, “one morning a year” strategies recommended in my book (not that I’m saying he got it from there, it’s quite a well know strategy that’s returned over 20% per annum since about the 1930’s).

Mark says: “The annual review of my ….portfolio has taken place and the results for the investment method are as follows: Year 1 (06/06) up 28.90%, Year 2 (06/07) up 24.52%, Total increase over the two years 60.50%. These figures include re-invested dividends. Over the same two years by comparison the FTSE 100 index has risen by 35.27%. This is not directly comparable because the FTSE figure doesn’t include dividends. Nevertheless I think it’s fair to say that the (strategy) is showing itself to be worthy of its reputation for consistently outperforming the FTSE”

He’s NEARLY doubling his money every two years, people!! If you invested £1000 and made 60% every two years, that money would grow into £10,485 in just 10 years.

This evidence of Mark’s was very interesting to me, because so many people think that it’s risky and time consuming to invest in the stockmarket. Like all the other lanes, it can be, but not if you educate yourself. In spite of this strategy being in my book and the 101 Wealth Tips, there is only one person that I know of apart from Mark, that has actually taken action and done it.

One of our clients, Stephanie Hale, used the same easy quick strategy in her first three months in the Money Gym Club and tripled her money in that time (or something daft like that!). She has gone on to earn more each week than she used to each month, and to invest in over 30 stock market trading courses. Stephanie has written an introductory article which Silver, Gold & Platinum members of The Money Gym Club can enjoy.

Now our very own Steve Watson has invested in Stephanie’s most highly recommended course, and he’s working through it. Stephanie is considering offering her services in a group environment as a mentor to all the mad keen aspiring stockmarket traders and we are encouraging her madly. It’s always easier to do anything, from property investing through to internet marketing, when you have a mentor.

I’m also going to work through Marcus’ home study course too and see how we both get on. We will let you know how we do, and if we do ok, we will give you the links soon…..you can read more about this on our blog right now…..

THE MONEY GYM WORKSHOP

After a lovely lazy weekend, we headed off to London on Monday in a howling gale, for the Money Gym Platinum two-day workshop on “Building A Business To Love” or as it turned out, building a business to love that you work on, in just 4 hours a week!

I love the first hour or two of the workshops, because the clients always start off by paying “Well, I haven’t done much since the last workshop” then go on to amaze and astound us.

Successes by Platinum clients this quarter include creating a whole new product in a raging demand market, buying 3 off plan properties in 3 months, setting up and launching an entire new business with about 10 income streams, getting published and promoted TWICE in the national magazine for her niche market of over 400,000 potential future customers, despite breaking a wrist, getting clear on three business opps about which one is the fastest route to the money, prioritising the others for the next couple of years, making more money from trading the stockmarket per week than she did from her “day job” in a month, and one managed to turn a £150,000 profit on a property renovation while planning a wedding and having ME. Mama mia!! Gotta love self-deprecating women.

Judith was leading the workshop (brilliantly of course!) and she has been quite taken with the book “The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich” by Timothy Ferriss and I have to say, the idea quite appeals to me too.

Nothing much radical and new in the book, apparently, but it reinforces and refocuses fans of Michael Gerber’s “E-Myth Revisited” and it has made Judith re-evaluate her businesses and decide to only start businesses in the future that can be run in 4 hours a week.

This echoes Rich Schefren’s sentiments that you should only ever start a business that you don’t intend to work IN at all!!

What on earth would I do with the other 36 hours though I wondered, as did a few of us? (oh, yes! I was participating in the workshop as a Money Gym Club member too and using the time to work ON our business rather than IN it). Sometimes who we are is bound up in what we do and the thought of not working is rather terrifying.

Judith came up with some other great resources and tools for our use and I was especially take with one designed to relieve the relentless pressure felt by entrepreneurs to work as fast and as hard as possible, generated by the constant urgency to get things done, and do as much as possible, which results in us not being able to stop working sometimes.

MY NEXT 55 YEARS

This was a simple time-line tool where she got us to draw a grid of five squares wide and six squares down, and label each box with each year, which represented the years from now onwards. She then said “think about the things we wanted to accomplish in the rest of our lives, and plan out which years we were going to get those things done in”. Simple but thought provoking.

I expected to live to 100, added Phoebe’s 18th birthday year in, and then Nelson’s, because my friend Kim’s daughter has just gone off for a gap 3 months working in Greece, then she is off to art college and it has struck me, watching my friend, that my life will be quite different when the kids leave home, compared with before they leave. I want to have a house they can always have a room in, and come home to, but essentially when they go away to college, that will be my day to day bit done.

I added in two years to get the Money Gym Club to get to my goal membership levels, taking me up to 2009, then there is 7 years till the kids leave home - what am I going to do in those years? Write another book? Not sure. In the olden days I would have thought about starting new businesses, but not anymore.

I then added my “build my dream house in Greece” goal in two of the year boxes, after the kids leave home, and then thought, well, what will I do with the other years that I intend to live, from now on? Scary stuff.

For now I have just put “travel the world in luxury”. Hmmmmm.

MARKETING THE MONEY GYM CLUB

This week I’ve also been doing some research on Affiliate Networks, to decide who to go with. We want to tap into a massive network of affiliates, as financial products do quite well apparently. We want to grow the Money Gym Club fast and one of the ways is via affiliates who may want to actively promote our product, and this seems to be the best way to do it. It will also help get over the cold hard fact that the affiliate reporting on our membership site software is woefully inadequate. Shame. Without the might of TotalBusinessCart integrated into the membership site, we are struggling a tiny bit.

I’ve also been setting up more joint ventures, like the Nick Wrathall and Impress Network ones. Confirmed with a company this week that has 17,000 business subscribers who are interested in lead generation, speed networking, credit control, debt reduction and consolidation.

And I’ve been doing some key word research, following on from Rich Schefren’s coaching programme Module 4 (Competitive Research & Analysis) and also preparatory to working with the Google Adwords Professional I have found via Ecademy. What DOES our ideal client search on Google for?

“I want to make more money”

“How do I learn to invest”

“I want to get rich”

“I want to be a millionaire”

“How do I become financially free”

Do we, or any of our perceived competitors, come up on the first page of Google if that is, in fact, what our ideal clients would search for?

No, is the answer. And I’m not even sure that is what they would search for. Hmmm, I feel a survey coming on!

PERSONAL STUFF

Not much time for personal stuff this last couple of weeks, but we had a lovely dinner in London on the Monday before the workshop, a great night out with the clients on Tuesday, my Texas Hold’em is coming along nicely due to some late night hours in the hotel room.

I watched an amazing and poignant film on our return, called “The Ciderhouse Rules” with Michael Caine, among others. It was fantastic and very thought provoking. I had read the book as a pre-teen but didn’t remember anything of the book, apart from a rather naughty haystack scene which didn’t actually appear in the film! I’ve recorded The Stand by Stephen King to watch at the weekend – it’s not like his other, rather horrific, scary books, but another very thought provoking read, about the nature of good and evil, about nature versus nurture, and about temptation. I wonder if the series will do the book justice?

Nearly all the Money Gym Club luxury apartments in Second Life are let, and the land has been repaired again by FenwayMonster Greene, bless him. My sister in RL has moved into one of them, so she’s keeping an eye on things for me.

We’ve got another of the rocking beach parties coming up – someone’s coming back from Dubai and there is a surprise party being thrown for them. I love a nice party.

And did I tell you I manifested a dining room table? We’ve been hampered from buying one because of not being able to decide what style we wanted, then my friend Kim just arrived with a rather splendid glass and steel version, which matched our existing dining room chairs perfectly. Odd because a new dining room table was one of the first things I bought when playing the prosperity game!

Gotta go, my fish-finger sandwich has just arrived. Nectar of the Gods, fish-finger sandwiches are, especially with Tabasco sauce and one of the main things I missed on my diet. Yum.

Have fun, we are!

Nicola

Nicola Cairncross

Wealth Coach
Internet Strategist
Professional Speaker
Author

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

contact nicola@themoneygym.com for more details