MYTHS

Check out the property report above from Peter Stanley which explodes some of the myths going round about property at the moment. I think I’m going to print it off and just hand it out at dinner parties when people start to talk to me about property.

I’ll just say “are you an investor then? No? Oh, well you might like to read what an ex-business bank manager and now owner of 30 plus investment properties has to say about it all. Chablis? Lovely!”

MY VIRAL SPIRAL

I’m really getting into the MyViralSpiral system having been on the Freedom weekend, talked to Steve - the expert now - and read the massive manual about five times. Talk about slow learner, which I’m not usually, but this is testing my non-detail orientated brain big time! I can see the prize though and that’s wonderfully motivating.

The principle of the system is that you create a load of free, good value reports (or use the ones supplied) and in those reports, are links to what is known as “back end products” which can be yours (if you have one) or someone else’s (for example a relevent and related product you have found on Clickbank or Paydotcom).

Those free reports are like lots of little fishing nets out on the web, and attract a zazillion potential future customers (PFCs) into one autoresponders system, which then follows up your PFCs over a period of time.

You can have unlimited reports, unlimited follow up, and unlimited backend product recommendations.

Genius bit #1

When your PFC downloads their free report, they are offered the chance to give it away from their own website or ezine, and build their own mailing list, completely free of charge, via the system. This is very attractive to people just starting out in internet marketing.

Genius bit #2

The even more genius bit of it is, that when your PFC downloads the second report, they are double opted in to your main mailing list, if you have one, and when they download the third report, they are double opted in to the mailing list of the person above you (the person who introduced you to the Viral Spiral system).

That’s it, after that they can download unlimited free reports with no more opt in.

So…..they are building their list, and every second download they are building their external list, and every third download they are building your external mailing list.

EVEN BETTER…..they get the chance to rebrand the reports so that they earn the commission from the back end products rather than you, when they give them away from their site, via a simple online rebranding process.

[Read more →]

Tags: Wealth Coach Diaries by
2 Comments »

I’m embarking on an interesting project at the moment….turning my Money Gym ebook into Wealth Twitterings.  I’m trying to turn each Wealth Tip into a twitter of 140 characters or less, but I’m finding that each Tip makes a few twits so I will end up with more than 101 twits, more like 365 which is one twit a day.  I’ve done six today already because I’m impatient….check them out on this blog on the daily update, or visit http://www.Twitter.com/wealthcoach to follow  us, and then download Twhirl which is great fun, to keep up to date.

Tags: Highway #2 : Internet Marketing by Nicola Cairncross
No Comments »

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.

Tags: Highway #1 : Business Success, Highway #3 : Property Investing, Success Thinking by Nicola Cairncross
No Comments »

Sometimes I feel like a snail, the pace we are moving in the Money Gym, especially when I squint my eyes and look at some others, who have overtaken us and sprinted off into the distance - especially when some of those people were originally mentored by me LOLOLOL.  Then suddenly something happens that I’ve been waiting for, for ages, and it feels like we are moving off at speed again.

Our Money Gym Gold membership has been languishing a bit, while we concentrate on getting the workshops working, and the membership of the club site working right and moving in the right direction (just about to top 1000 members - gotta be a tipping point surely?).

You may remember from previous promotions that Gold is the level at which clients enjoy 1:2:1 wealth coaching/mentoring from our team of experienced coaches - all ex cleints themselves.  Not only that, but email backup from Judith and I, weekly private “Wealth Surgeries” and five of our rapidly becoming legendary workshops with our “best of breed” presenters. 

Gold grew out of my original “one size fits all” 10-step coaching programme, pioneered in 1999 and evolving into The Money Gym in 2003, when I started hosting the workshops at my boutique hotel The Acacia.  Back in those heady early days, clients included Marion Ryan, Mel Rosenthal, Judith Morgan, Maria Davies, Annie Kaszina, Paul Fuggle, Sara Mallett, Jacqui Tillyard, Greg Southey & Karen Knowler.  Many have gone on to do great things that you will have heard about, some are just quietly getting on with being millionaires and having a fabulous life!  Even Andy Shaw was an Acacia attendee for internet marketing tuition and mentoring, amazing to think he’s just become the first Brit to join the internet high flyers club, having broken all UK records for a product launch!!

Sigh, so proud of them all.

So, it was a bit of a major frustration, not having a decent promotional/info page, that summed up the amazing tesimonials, spirit and return on investment results of Money Gym Gold - it changes lives so profoundly but I found it nearly impossible to capture that excitement and potential in my own sales copy.  Having lived it for so many years, all the stories felt old and tired to me and my copy felt the same!

But Alan Forrest Smith, who came to the rescue of our ebook sales page, has been beavering away on our Gold info page, and this week, we quietly slipped it up and redirected all our links to it. 

See what you think at http://www.TheMoneyGym.com/Gold

Now, my next job, is to think of a hook for a product launch - the “why” in Jeff Walkers terms.  Exciting times.

I’m off to Dave Lee’s workshop next weekend and I’m really looking forward to it, and to meeting Rick Otton, the many who pioneered the Rent2Buy/House For A Pound process, honed in the US, perfected in Oz and now thriving in the UK.  I feel like I know Rick having listened to many hours of audio with him.  He is a great presenter and trainer and his “Now, let me ask you a question…..” has sunk deep into my subconcious.  I hope I will be able to use it without an Australian accent LOL.

Judith keeps joking that we can both practically speak Australian now!  Scarily true.

Our last Money Gym Presents Workshop with Tim Brocklehurst & Claire Raikes was a blinder!  As well as being a great, content packed day for delegates, the speakers did very well with attracting new clients from our audience. Judith is already a client of Claires and I’m a client of Tim’s but Judith’s apprroved Steve and I going on Tim’s “Freedom Class” workshop to learn how to use Tim’s dynamite software properly.  That’s in June and I’m so looking forward to it.

Half term next weekend and on the agenda for a couple of days is the cinema - we like the look of “Sex In the city - The Movie”  and the new Will Smith movie “Hancock”

I’ve also found a couple of live poker games locally, one at my upmarket gastro pub, and one in Worthing. You buy in for £7 and get your dinner thrown in, and you play till you are knocked out.  Then you can buy into one more game for £5 and play again till you are knocked out.  Nice people and very exciting atmosphere.  They also play competitions with other leagues and travel around to other venues.  Good practice for my forthcoming cruises I thought and a social life to boot.

Have fun, we always are!

Nicola

Tags: Wealth Coach Diaries by Nicola Cairncross
1 Comment »

Some more thought provoking replies to my “Wealth Creation Is Simple, But Not Easy - Discuss!” posting on our private Google Group……

“There’s also the need for energy - lots of it and alertness and the belief that you can”

“The need for certainty is a killer for action”

“Learning new skills – challenging my worst phobias:  numbers, money, technology, spreadsheets!  Talk about getting out of one’s comfort zones!”

“Perseverance as opposed to a “get rich quick” concept”

“Challenging fundamental inherited beliefs about money - the only way you
make money is to go to school, work hard, go to uni, work hard, get a
good job, work hard …..”

And Sarah Rourke, the “Audio Pod Artist” contributed a brilliant posting on the topic:

“Ace topic, Nicola - here’s my tuppence worth:
 
I think not only challenging beliefs but managing to exist as a wealth creationist in a sea of doubters - other people’s resistance can be hard to overcome.

One of the things I’m learning to do about this is not tell people things i.e. not tell my parents what I invest in (it terrifies them) not tell others close to me when I sneakily start a new side project (all within my core business of course!). And most importantly, I’ve learnt to keep my trap firmly shut when people talk about property and crashes etc - better to say nothing than wind myself up.
 
Then there’s a big stumbling block for lots of people and that’s the ….

[Read more →]

Tags: Wealth Coach Diaries by Nicola Cairncross
No Comments »

The Money Gym Events

Workshops Days
 

Internet: The Money Gym Presents…..

Watch them in action >>>

Tags: Highway #2 : Internet Marketing, Highway #3 : Property Investing by Nicola Cairncross
No Comments »

Wealth Creation Is Simple But Not Easy!

I had a great conversation with one of my high-achieving internet mentoring clients today, Susanne Jorgensen, of http://www.thesinglesgym.com/ about the oft-repeated concept of “It’s Simple, But Not Easy” - she is really starting to understand what I mean - and I realised that it was so important that it warrants its own article.

I often say to potential Money Gym clients, when out and about speaking, that Wealth Creation is simple but not easy, and what I mean by that is that making money in each of the Four Lanes of the Wealth Highway is really simple to do, but it’s not at all easy or everyone would be doing it!

So why is it so difficult? 

We all know intellectually that we have to get off our “assets” and take action but why is that so incredibly hard to do?  Because our self esteem, our deepest emotions, our limiting and negative beliefs, our incorrect assumptions get right in the way!

Firstly, there is our cynicism to get over.  We really deep down believe that if wealth creation were as simple as everyone makes out, everyone would be doing it and from that we infer that it can’t be true.  It’s a con, it’s a cult, it’s just a scam.  I was the worst!  I often say that my hair and skin have improved enormously since becoming a wealth coach, because I’m not so cynical about better quality beauty products anymore!  In the same way that I invest in knowledge I invest in self-care and I now watch the adverts to see what works!

I never imagined before I got into this wealth creation stuff, that becoming a millionaire were so simple.  I can remember the relief I felt when Gill Fielding (one of Channel 4’s Secret Millionaires and my first wealth mentor) told me that!  She said there is only three ways to make a million (I’ve discovered a fourth since then…) and I thought, great, I can do three things!

[Read more →]

Tags: Wealth Coach Diaries by Nicola Cairncross
No Comments »

In the wake of the news that the Inside Track Seminar company (not apparently the property arm) has gone into recievership (something Andy Shaw predicted would happen months ago) and the news that mortgages are getting harder and harder to find unless you have a GREAT track record.  However, with 30,000 new rental homes being needed every year for the next 10 years, the market is growing and this is a short term blip according to pundits. 

Tighten your belts, for the next 12 months, watch Andy and Greg’s free videos and EDUCATE yourself about what makes a great buy to let.

Here’s some excellent tips from the superb This Is Money website:

1. Do the figures stack up?

The traditional criteria with buy-to-let was to save a deposit of at least 15% and ensure that rental income would cover monthly mortgage repayments by 125%. As it got harder to meet these restrictions, many lenders eased them. This has shifted buy-to-let from a business based on steady rental income, to one where potential landlords gambling on house prices rising to deliver capital growth.

But the restrictions existed for a reason – to make sure landlords could cover gaps between tenancies, income exceeded bills and give room for rate rises.

[Read more →]

Tags: Wealth Coach Diaries by Nicola Cairncross
No Comments »

The Lettings market has seen annual growth rising to 2.5 million tenants in the last 10 years, and government statistics point to the need for a further 30,000 units PER YEAR for rental, for the next decade reports wwwPropertyToday.co.uk .

That means there are three hundred thousand - 300,000 - new rental properties needed in the UK in the next decade.

Could your property portfolio contribute to this rental housing crisis?  What should you buy?  How can you get started?  What pitfalls should you avoid?

It’s all here in this amazing series of three short videos about getting started in property investing.

In these videos Andy & Greg cover everything you see on this screen (just click to read) and much much more, like how property is essentially free (even your own where there is NO tenant paying for it) 

http://viralurl.com/moneygym/passivedvd

Tags: Highway #3 : Property Investing, Success Thinking by Nicola Cairncross
No Comments »

Did you get chance to check out the video “interrogation” video of the 2 UK Multi-millionaires - my mates Greg and Andy - who I mentioned in my previous email?

http://viralurl.com/moneygym/passivedvdmg

I have seen them present their business many times, and I was amazed when, watching this again (coz I love some of the stories and jokes!) I realised something completely NEW because it was described in a different way again.

Sometimes we need to hear something many times in a different way, before we get it, or before it moves from the place where we say “Oh! I know that….” to the place where we can say “Oh my gosh, I really GET that now!”

For me, this time, it was - in Section 2 or 3, I can’t remember which one now, where Andy was talking about how property is essentially free, and I thought great, he’s going to explain how, if you put some money into a property then you are able to pull it out again, then that makes it free.

O no!  He went on to say something I have heard him say before BUT IN A TOTALLY DIFFERENT WAY and I really got it this time.

It’s about how, if you buy a house for say £200,000, and you have an 85% mortgage of say 6% (interest only), and you are paying £10,200, or £850 a month, and you live in it (so there is no tenant paying your mortgage), then your property is still totally free.

The interviewer, Rob says, but how CAN it be?

And Andy replies “how long have you had your house Rob?” and Rob says 15 years.

Andy asked (and I’m remembering the figures here so may have them slightly off but not much - watch for yourself!!)

What did you buy it for (£46,000)

And what is is worth now? (£170,000 or thereabouts)

And what have you paid in mortgage?  Rob says £300 a month.

So Andy says…..

[Read more →]

Tags: Highway #3 : Property Investing, Success Thinking by Nicola Cairncross
No Comments »