How are the wealthy faring in the current economic climate? A survey done recently by a creation of American Express Publishing and the Harrison Group polled about 2,400 people from the richest 10% of U.S. households. They are starting to change their spending habits and it appears their values are changing somewhat! 1. They are less 20% stressed about keeping their careers compared to last year. 2. Concerned about the economy - 91% still feel that the US is still in mid-recession and 60% expect it would take at least 12 months to get back on an even keel. 3. Yes Millionaires do shop at Walmart! (NYSE WMT News) They want value for money and aren't afraid to show it by buying in bulk, purchasing white label items and even waiting for sales to buy very high end goods. 4. High End Goods - they are still purchasing at this end of the market - however they are very focussed on quality over pure 'brands' for brands sake. 5. Brand is Best - despite shopping in good value stores they are becoming more brand loyal as long as its worth it. They stick to particular brands and there was a 7% rise in those who feel their 'brand' expresses who they are. 6. Online Orders - the affluent love to compare pricing and research purchases online and prefer to avoid sales people! Only 8% said they use Facebook to make a purchasing decision, though more than 40 % had Facebook accounts, which I find surprisingly low! 7. Money Talk - 64% say that they now discuss cash and finances with their family. 8. Wealth Guilt - Last year they were more reluctant to expose and demonstrate their wealth. This year they're happy to flaunt it a bit! 9. Family First - Surprisingly 83% of those polled now eat dinner with their family at least 4 times a week! This is an increase of 16% from 5 years ago! Great news. 10. Yep, they're happy - 71% were happy in their personal relationships versus 43% of the general population polled. So our deduction is they will still spend good money on YOUR GREAT VALUE OR HIGH END PRODUCTS!
This is a subject I get asked about a tremendous amount, especially social media. For those of you running your own company these areas are of no doubt great interest! It may be a similar case for stay-at-home mums and employees who wish to develop a 'business on the side'. I've looked at many schemes and techniques over the last couple of years and I've attended a huge number of seminars! Some are easier to do than others, many need you to pick ONE area or technique and master it BEFORE you attempt others. Even I have been swept away by offers of making huge amounts online to find out it's not as straightforward as it looks! So make sure you do your due dilligence before parting with cash for seminars and online products - get recommendations first if possible as there is a plethora of information out there. It can overwhelm you if you let it!
I've met a couple recently with a 1 year old daughter who do Internet marketing successfully plus other freelance projects. This way they share their daughter's childcare without having to leave home! Great news for parents and those of you who detest commuting! They live in the Caribbean some of the year and in London the rest of the time. They can do this due to the flexibility that the Internet gives them. It gives you choice. Even for me - as long as I've got my Ipod ( my Mac is overheating and in for repair this week ...) I can get this article in to Karen! When I was totally internetless I popped into the Radisson to ensure my article made the month end deadline! So anything is possible - it depends on how you want to structure it and make it work for you.
One of the main reasons people chose Internet marketing is because of this freedom and also the repetitive or passive income it can provide.
On that note a question I get asked regularly is; 'how can I make money online?'. The very simple answer is SELL something!
So what do you want to sell? Or more importantly WHO do you want to sell to? I'm working on a Caribbean Property website at the moment - so my WHO will be any landlords or vendors in the English Caribbean islands. So whatever I do online MUST be targeted to them and we tend to create a PERSONA for each of your target customers. This persona represents the ideal customer, how they think and how they live their lives. From there you establish what is most important to them? What makes them buy? What problems do they have that you can solve? (better, faster, more value?) Are you facing any problems that you think others may also need help with?
In Internet marketing it essentially uses all the principles of offline marketing to sell products and solutions including this 'persona' approach. I know of many online success stories and here are some of the ideas that made them money online to get you thinking. Many of these businesses focussed on very specific niches and their personas. They became EXPERTS in their fields. Others researched very specific subjects then got others to create products or sold the knowledge for example;
Build a membership site
Build a newsletter - trading, hobbies, pregnancy etc
Selling ebooks
Selling on Ebay
Selling on amazon
Affiliate marketing - marketing other peoples products, events or services and taking a percentage.
Selling your own book
Selling your own information products
Selling online video courses
Webinars
Selling products - houses, cars, jewellery, etc.
Essentially you find a niche, Build a relationship with it through consistent communication ( social media excellent at this) solve it's problems whilst becoming an expert or trusted provider, then sell the solution online.
If you can make £1 online you can replicate it to make more!
It's not as easy to make money online as it was five years ago but there are still an abundance of opportunity to grab. It's not all overnight success as many of my online gurus took many months if not a few years to reach the million mark but now is still a very good time to start!
Looking forward to the above tomorrow at the London Capital Club where we will be presenting on the 3 Steps to a Successful Mindset! Places are fully booked now, however if you would like to attend the next one, please contact us through the contact page!
We were given the opportunity by business link London to speak to a group of entrepreneurs who are dead or disabled on How to Build Your Brand Online.
What a group of fantastic individuals who all have interesting businesses and a desire to continue to succeed. It was a challenge for me as when I get excited I do speed up in the speech a little. However with 3 translators - they did give me the nudge if I needed to slow down. Luckily, I'd been studying Obama speeches so my cadence was somewhat more paced than normal - which assisted greatly.
We gave away 3 prizes, One from Mr Site, A consultation with me and a wonderful 'Easy' Button, so fun and progress was made by all. We also had a few entrepreneurs sign up for our Success Mastermind Programme ( See events for details) so we are looking forward to seeing how their business will grow!
Everyone is aiming for the best work-life balance, but it can be difficult to achieve. A Hammersmith-based business-woman is leading the sisterhood to the heady heights of success, fortune and the perfect work-family balance.
Amanda Steadman launched WealthBabes two years ago, offering local women training on how to start their own companies, as well as tips on internet marketing and savvy property investments.
The indefatigable entrepreneur said she had specially tailored her business seminars and one-on-one coaching with a feminine market in mind. "I'm helping people to realise their own potential, and we particularly look at the areas of business, internet marketing and property and investments," she said. "I help a lot of clients to buy property in the US because that's a good way to start getting a second income on the side. It also allows them to spend more time with their family, which is a big thing for women."
Amanda, 36, runs WealthBabes from an office just beside Lyric Square. "We have clients all around the world, but 75 per cent of them are in Hammersmith or west London," she said. "I chose Hammersmith because it's reasonably priced, it's very accessible and I also love all the markets in the square - it's just a nice atmosphere around here."
The business offers clients individual 90-minute consultations for £150 and a number of regular seminars and a monthly Millionairess Club, offering business training, motivational tips and practical workshops.
Amanda employs five people at WealthBabes and regularly has between 50 and 120 clients on her books, ranging from struggling single mums to high-flying City executives.
"We have a few male clients, but I would say about 98 per cent of our clients are women," Amanda said. "I think women generally like to have another woman to talk things over with them. We can go through what is most important to them, and I think if you're talking to another woman you can be more open about it and get to the truth more quickly. Then we can draw up a business plan about what they really want. It isn't just about numbers and success - women also want to build on their personal life and spend more time with their children or partner."
Amanda, who is engaged to property buyer and marketer Franck Robert and lives in Chiswick, said she had struck on the idea of running her own business in 2007 after spending several years working in recruitment and training corporate headhunters.
"I spent a lot of time going round the world and training people to run their own business, hire people and make money as fast as possible, and then I decided I wanted to try it for myself," she said. "I left a £68,000 job to start my own business and the prospect of not earning anything for at least the first few months was quite scary."
So two years on, in the midst of a recession, just how successful has the WealthBabes founder been in her own venture? "I've got over a million pounds' property portfolio now, I've got five staff and we have between 4,000 and 5,000 people on our database, receiving our regular newsletters," she said. "I'm not a multi-millionaire yet, but I would like to think that in the next year to 18 months I will reach a point of financial freedom.
"If I stopped working now, I would probably still have enough income to live on bread and water and pay my bills, but to live the kind of lifestyle I enjoy it's going to take a bit longer."
And the entrepreneur believes the most important ingredient in success is incredibly simple: choose a job you really enjoy. "It's so important for people to be doing something they're passionate about - but in London a lot of people really don't like their jobs," she said. "Once people have identified what they enjoy and are good at, the rest normally falls into place. I really believe in doing something you love."
The Bank of England reckons inflation will fall and the base
rate will remain at 0.5% for the next year. What should savers and borrowers do
with their money?
Below are some suggestions, however if you want something specific to yourself do contact us on the contact page for your own Money & Financial Game Plan.
Pay attention: here comes the science
First of all the boring stuff - the figures
themselves.
The Consumer Price Index - what the Bank of England uses to
measure inflation - is currently 2.9%, almost a whole 1% above its target.
However, the Bank is convinced this figure will fall below 2% later this year,
as the massive jumps in food and petrol prices from a year ago fall off the
measurement.
In addition, the Bank dropped some extremely heavy hints that
the Base Rate is likely to remain at 0.5% for at least another year. But what
does this mean for you and me?
Go for a fixed rate mortgage
It goes without saying that mortgage borrowers on tracker
rates have been the big winners so far. But if you're shopping around for a
new mortgage this year, you may be better off with a fixed-rate mortgage.
Figures out this week from the Council of Mortgage Lenders
have shown that first-time buyers and home-movers are currently benefitting from
the lowest mortgage rates since 2004.
In other words, if there was ever a time to fix, it is
now.
If you want the security of a fixed rate but the flexibility
of a short-term deal, then HSBC has the lowest rate at 2.89% for two years,
though it carries a whopping £1,499 fee and is only available with a 40% deposit
or equity stake.
For those adverse to such fees, and with a smaller deposit, I
like the Royal Bank of Scotland two-year fixed rate at 3.09% up to 75%
loan-to-value (LTV), which has a more reasonable booking fee of just
£299.
However, for me, a longer term fixed rate is by far the safest
and smartest move. The best rate on a five-year deal is available from - you
guessed it - HSBC! The rate is 4.39% but it's only available if you have a 25%
deposit or equity stake, plus it carries a hefty booking fee of £999.
If you'd rather not pay such a large fee, Ulster Bank has a
five-year deal fixed at 4.55%, with a paltry booking fee of £295.
Prefer a tracker?
If you are determined to gamble and go with a tracker, an
important consideration will be the early repayment charges - if rates do start
to rise quickly, you will want to be able to bail out as cheaply as
possible.
As a result, your best bet may be to go for a two-year
discounted variable deal from HSBC. The rate is guaranteed to be base rate plus
1.99%, and the early repayment charge is only 1% of the sum repaid. However,
this is only available up to 60% LTV.
If you only have a 25% equity stake, you can still get a
tracker at base rate plus 2.45%-2.49%, from lenders such as Alliance &
Leicester, Principality Building Society and Market Harborough Building Society
(though these each boast much higher early repayment charges).
Savings in a piggy bank
For savers, the choice is a
little more clear cut. With the Base Rate likely to be rooted at 0.5% for some
time, the prospects for your money in an easy access savings account are fairly
grim.
Then again, inflation is set to fall dramatically. So, if you
lock in at today's interest rates, your return should be greater (in real terms)
in the future.
In other words, if you are lucky enough to have a wad of
savings burning a hole in your pocket, it may be time to look at a fixed rate
savings product. So what's out there?
If two years just isn't long enough for you, Nationwide has a range of
five-year bonds paying 4.13% to 4.15% AER, offering interest
paid on a monthly, yearly or anniversary basis.
However, when thinking about a bond it's always worth
remembering that it is not always easy to get your money out, so only ever put
in what you can do without.
Alternatively, if you haven't yet used up your ISA allowance,
you may want to consider Leeds Building Society's five-year fixed rate ISA. The
rate is set at a juicy 4% tax-free - equivalent to a 6.66% standard savings rate
for higher-rate tax-payers.
Just be warned there is a penalty of 180 days interest which
is incurred if you withdraw more than 25% of your savings.
Of course, rates will probably start to rise again once the
economy recovers, so you may prefer not to tie yourself to a bond at today's low
rates for more than a year. If this is the case, consider taking out a regular
savings account, as these also offer fixed rates, but usually for just 12
months.
If you have young(ish) children then look no further than the
Norwich & Peterborough Building Society's Family Regular Saver, paying a
whopping 6% fixed for one year. Available to customers with dependent children
aged up to 16, or 18 if still in full time education, the interest is paid on an
anniversary basis, and must be compounded.
If you plan to save no more than £250 a month, then Barclays'
monthly savings account will also pay a fixed rate of 6%, with interest
compounded and paid on a monthly basis, though any withdrawals will see you hit
with a 2.85% loss of interest.
But if you plan to put away a little bit more than that each
month, then have a look at Scottish Building Society's regular savings account.
It pays a fixed rate of
4% on monthly deposits up to £1,000, with interest compounded
and paid on a yearly basis, and there is no account fee.
The only downside is that you cannot make payments by direct
debit - clearly the Society is not a fan of 21st century technology.
If nothing else, the Bank of England's inflation report has
offered some hope for a period of relative stability following the trauma and
unpredictability of the last two years.
Whatever you choose to do, good luck!
FOR A FREE MONEY AND FINANCIAL GAME PLAN - CONTACT US FROM OUR CONTACT PAGE
http://wealthbabes.com -April EVENT LONDON 2009. To Book go to http://www.tinyurl.com/Buyahouseforapound and grab your place now...
Many have already signed up from other property events!
Rick Otton has been buying houses all around the world without using money from the banks! He is quite unique in what he does and is one of the world's experts on 'Rent to Own'. He tells Amanda what he has been up to recently and shares his story with her. Tune in to find out more! See preview video and more info: http://tinyurl.com/Buyahouseforapound
In spite of all the current doom and gloom by the media...in my local newspaper I was really excited to see how many businesses are actually doing well and quite a few of them run by women! The Cupboard Deli, Betty Blythe and a new bakery all in the Hammersmith area are expanding and focussing very much on exceeding customer expectations. The Cupboard Deli is even frequented by the likes of Dominic West and Toby Young (of How to Lose Friends and Alienate People!) - great news that some entrepreneurs are reaping the rewards of work they've been putting in the last few weeks!.
No matter what your business, out there somewhere are customers who need and want what you provide. We have been focussing quite a bit of our marketing strategy on line and tracking down those lovely potential people who will profit from our knowledge and products.
What have you done this week to make sure you are reaching all those potential client and converting them to raving fans?
Greetings! I have just come back from the Internet Marketers Cruise in the USA and Caribbean…what a tremendous time with a group of very intelligent, inspiring, financially free individuals! I have been lucky enough to start in Joint Ventures with quite a few of them who are going to share all their money making and client happy making secrets.
Now, lets hear from Mike Filsaime and Amanda….
Every year for the last few years, just around New Year’s week, I have been getting together with a group of my bestInternet Marketer buddiesand their families for a very exclusive “world class”vacation…
We’ve escaped to some exoticCaribbean islandsaboardbeautiful luxury cruise ships, and experienced some major pampering, exciting shore excursions, gourmet meals, and the priceless cameraderie oflike-minded peoplein a very relaxed environment.
Cruising has become one of my favorite ways to see the world, and I finally realized that I shouldn’t keep my “private annual escape” just to myself (and a few chosen Inner Circle A-listers).
If you’ve never been on the Annual Marketers Cruise before…thenyou’re in forthe time of your lifeand a vacation like no other.
On January the 9th, the annual Marketers Cruise is leaving from Port Canaveral - Orlando, Florida and you canstart the new year off right
& set sail to the Exotic Caribbean… Cozumel (Mexico), Belize (Central America), Isla Roatan (off the coast of Honduras)and Costa Maya (Yucatan Penninsula)
Your cruise event planner isCaptain Lou Edwardsfrom SpecialEventsAtSea.com. He is the guy behind the curtain, who’s list of cruise clients include a who’s who of theWorld’s Top Internet Marketers.
Armand Morin, Alex Mandossian, Rick Raddatz, Shawn Casey, Carl Galetti, Rich Schefren, Robert Allen and many others have all been aboard Lou’s group cruises and raved about them.
My family, friends, key staff and I look forward to this vacation each year because of thelifetime friendships formed, deals done, and new products launchedas a result of the cruise.
In fact, I rememberNew Year’s weekof 2006 when a group of us cruised to Central America. My star had been rising, but I had yet to make my mark on the Internet Marketing community.
On this voyage, I was holed up in my cabin, feverishly working on my laptop and hitting theInternet cafesin each port.
I was putting the finishing touches on the launch of a little thing calledButterfly Marketing. That was a big breakthrough product for me, and I fondly remember that cruise as an integral part of the process.
I think the cameraderie and support of a group of like-minded peers is priceless. Even thoughI’ve decided to cut back on business travel and live appearancesso I can spend more time at home, the annual Marketers Cruise vacation has become an excitingMUST DOeach January.
Mostly by word of mouth, our little group of Internet Marketer cruise guests hasDOUBLEDanuually…from31, to67, to118, to nearly300guests this past January.
So…We’ve Put Together Another AMAZING Marketers Cruise Vacation Setting Sail January 9th to 16th, 2010.
Our ship is the BRAND NEW Carnival Dreambeing constructed right now as the largest state-of-the-art floating city FUN-SHIP mega-resort ever made by Carnival. You can do it all, or just lay back and do absolutely nothing because it’syourvacation. There are so manypositiveandwonderfulthings about taking a cruise. The only negative that comes to mind is that it seems to end too quickly!
Those of you who missed the last one, you might be wondering just what exactly makes thisthe ideal vacationwith the perfect work and play balance.
And the, simple answer is…you’ll have special access during the “sea days” topowerful Mastermind Sessionswith some of the world’s TOP millionaire marketers, their pals, and other VIP members who are attending.
Meet Your “Million Dollar Mastermind” Moderators…
Paulie Sabol Donna Fox Tom Beal
They are the brilliant leaders of last year’s highly acclaimed i5 Gold Mentoring Program, from which many coaching clients have gone on to new levels of online marketing success. AsMaster Marketing Mentors…Paulie, Donna and Tom will help facilitate the onboard brainstorming sessionseach morning on the days we are at sea.
Go toGoogle reader, you will find a site call popular with the best talk about info via other sites, click in search i.e.: web design, click enter, you will see bestRSS feedsand click sign in for the one you like. Subscribe to good blog is good for the content.
·i.e.:tweetmemeshow popular story on tweeter, you can look at what your friends see
·i.e.:friendfeedto share your Google reader, pretty good to retweet, etc…
·i.e.:Stumbleupon, you can search on it, (i.e.: web design) and you will best story
What happen it’s because its popular then you get popular…because people love great information and love to share it with other…easy!
My comments:
Jesse Newhartis very good with clear information about Tweeter; I highly recommend it for newbie and/or just to stay in touch with latest on Tweeter.
As I am a most recent Twitter user I am still learning the ropes.
For those newbies out there here is a free guide that I found from
Geekpreneur (cool name!) Check it out at:
I tuned in to this webinar at 5pm on Business Blogging from Hubspot (www.hubspot.com) Why is this relevant to Wealth? Well the power is in your list and you need to connect with your audience and find out what they really want and how you can solve their problems. Blogs can facilitate this, as well as demonstrating you are an expert on the subject!
Here is a copy of my key notes - BLOG ON!
Top 5 Tips for Advanced Blogging
Identify Target Personas
Create a Mix of Posts
Write great posts
Sustain it! (Marathon not a sprint)
Spread it!
Inbound media that you attract like a magnet. Outbound Media is not always so TARGETED.
Exponential Factors
Start with the Blog – > then SEO – > Use Social Media to Max it The more you do of all of this it feeds off each other!
Alex Traffic Ranking (like Google but different) This helps rank traffic to you site.
5 Keys to Successful Blogging in Detail
Blogging for Business (basic is on their site)
Identify Target Personas
They have cardboard cut outs of the people they are targeting! A persona implies the level to which you KNOW your customer. You know EVERYTHING about them! You need to know that about your personas!
Google will you through your KEY WORDS. Fill your posts with them. Fill an ARCHIVE full of content FILLED with these words. It must be QUALITY CONTENT!
How do you pick the key words?
Don’t pick keywords that are difficult. Even if the words are relevant they MUST get traffic.
Caution
Writing does NOT mean writing about the products and services you want to sell them. They don’t care about your products. They want solutions to their PROBLEMS. Don’t talk about your biz either.
Create a Mix of Posts
There is new, photos, features, news, video, opinion polls. We get bored VERY QUICKLY!!!! It’s clearly proven in IM data.
- Types of Posts
Raisin Bran Posts – Basic, Everyday posts
·How to posts
·Rich in keywords
·Get good at whipping them out
·Make sure they are useful
Spinach posts – thoughtful, healthy posts.
·Should establish your site as a thought leader in the industry
·Put time into them
·Don’t do too many
Roasts – Big Blog Projects
·Lots of work
·Lots of links, discussion and attention
·Pick them well – what do you have that is unique and has a specific perspective. What data can you share that other people don’t have.
Tabasco – Posts
·Spicy and start fires
·Make a bold statement!
·Be prepared to defend yourself
·Lots of comments and links
·Too many of these posts could loose trust
·Comments can be as good as posts.
Chocolate Cake – The Sweet Stuff
·These posts make your Blog fun
·A change to poke fun of yourself
·Lots of traffic and links
·Often video, images and cartoons
·If they are GOOD people will send them out…
Write great posts
No need to be Hemmingway
Follow simple rules!
Use Headings
500-800 words of shorter!
Lists are ok just not too many
1 idea per post!
SIMPLE, CRYSTALIZE ONE IDEA! KEEP IT SIMPLE….
Add photos – even if it’s just ONE. There are many modalities to appeal to so try to appeal to everyone!
IStockphoto/Flickr/Shoot your own...
Flickr –Go down to the bottom and search only on creative commons licence content so you can link back to the people that request it!
Great resource!
Where do you get ideas for the Blog?
Everywhere!!
Keep a list
When you learn something – flesh it out. Make a video about it! I.e. how he buys and runs Facebook ads!!
Check your email box! FAQ’s, Email threads,
Ask your readers – what do they want to write about? Involve your clients!
Write Great Headlines!
Write the headline before the article
Imagine the reader won’t see the article – crystallise your one idea in the headline!
Surprise people – if you use clichés…people wont read it or click on it.
No spelling errors
Use your keywords
Sustain it! (Marathon not a sprint)
·Create a body of content!
·Pick a schedule
·Once a week, every day – stick to a day
·STICK TO IT!
·The goal is to build up a body of keyword rich content (create an asset)
Different Ways of doing Posts
·Email interviews – email someone with a bigger list than you and in similar field. If they have a big following – they will link back to your Blog. New followers!
·Video interviews (conference, office visitors) – Video everything! Google does not index videos so you MUST USE KEY WORDS IN YOUR DESCRIPTION!
·Guest posts from people with similar blogs – these can be more work!!
·Best of lists
·How we do it posts
Should I hire people?
·It depends
·Pros – you don’t have to do it
·You hire a pro writer
·Cons
·Nobody know your biz like you do
·You don’t build your personal reputation
·You don’t participate in the conversation
5. Spread it!
Myth – if you produce good content – people will find it!
If you want your Blog to be known, you have to find ways to propagate it. Its like a job search…you need to be PRO ACTIVE and find people who are interested in your Blog.
Take Comments Seriously
Comment back – and find out who they are. Get to know them and so they are potential customers. Begin a conversation.
Approach other people’s blogs and start commenting also.
Publish on Social Media
Twitter
Post directly
Post via twitterfeed.com automatically
Facebook or Linked in! Or industry specific
Where do you link to your Blog?
·Everywhere!
·In email signature
·Press releases
·Biz cards
·Engage a conversation with a guru, stay on their radar!Google blog search or Technorati
·Write post that link to your follow up on bigger bloggers radar screens. This is they most effective way to move your blog into industry expert.
Metrics – These come on Google and other software
·Subscriptions
Its takes a while to build up subscriptions, Most people stay tuned.
·Page Views
Great for media sites selling display advertising
Probs for your Biz
Doesn’t measure RSS
Weak Measure of engagement
What’s the business value of a VIEW?
·Inbound Links
·Conversions – are the most important!
From visitors to leads to customers…great way to track the blog and how much biz values you are getting!
Links to Monetise it:
·Landing pages and optimisation
·Calls to action on blogs
·Invites to a webinar
·Kits full of slides
·Balance promotion between call to actions and answering probes
Great to be back and getting organised for all training sessions next week and Twittering like crazy....www.twitter.com/wealthbabes!
Its fun and a little bit addictive! I have a webinar I am tuning into tomorrow on Web and will be bringing you the highlights...on Tips on Successful Blogging!
Emailing from St Kitts...from a wireless connection with all the other Internet Marketing Dudes...the only communication method for days. As the cruise ship does not allow for great internet speed or mobile phone signals..maybe a good thing! Can you imagine a whole lot of keen internet gurus at the port with a row of laptops..photos to follow shortly.
A great way to work and play with the top guys in the industry...
Wow. Will be leaving for work in the US tomorrow and gathering lots of information on Web Business and how to succeed in it! I am also looking forward to sharing the information with the Millionairess Club and ensuring that all the top secrets of the big guys are put into practice...
Also excited as flying Virgin Atlantic...go Richard
So Let's Spice it
Up Xmas Imagineer/Spice Girls Style
1. What I really, really want - What
do you Really want? Take a piece of blank paper and brainstorm
EVERYTHING you want to BE, DO or HAVE.
Number them in terms
of importance to you. With the top 10, Re-write them out and write underneath
each one - WHY YOU WANT IT. This is probably the toughest part, but it�s essential to
finding out where your motivation to achieve your dream list will come from!
The key is to WRITE IT DOWN. This takes thought into form, it is the
beginning of creating what you want,
2. Who do you think you
are- YOU WHO?!
Is it in line with who you are and your values? In their simplest form - values
are; what is most important to you. They can range from traits - courage, to
parts of your life as in partner, family or contribution.
3. Wrap it up - make it personal to you. Have your own 'imagineer'
journal or notebook. Review regularly. Create pictures or screen savers of
specific goals, for example holiday destinations, wedding venues, a car,
picture of the logo of a company you want to work for or as a client! They must be written in positive form ie I am the perfect
body shape and fit a size 12 dress. NOT, I am no longer overweight.. They must
be written in the present tense. Ideally
as if the outcome has already taken
place. Make it a detailed as possible.
4.Dreams come True -
What a woman can conceive she can create. Remember how much time Cinderella and
Snow White spent dreaming - and it paid off! OK in 2009 there will also
have to be some effort put in (unless you have a fairy godmother) Many people
are living their dreams, reaching their goals and exceeding them. I saw a great
picture of the amazing and inspirational athlete Richard Whitehead; who
was born with no legs. He was recently running through Lebanon
to raise money for its children. He sees no hurdles at all in terms of DREAMING BIG! It�s great to dream and behind every wanted
goal; are baby steps to get you there. Richard put a fair amount of training
in, but never lost
sight of his goal. Many people go into 'overwhelm' because they see the Goal as
too big. So CHUNK IT DOWN (More
in step 7!)
5. Spice up Your Life -
the more you associate, feel, smell, taste your goals in your imagination as
well as reality the faster they usually arrive. For example one of my clients
had a Maserati screensaver and did test drives in all types of the model. They
bought one within 3 years! Another client kept picturing herself in a garden of
her new place drinking wine. She moved in 4 months ago. The power of your
imagination, combined with your subconscious really is one of the biggest
secrets to manifesting your goals.
6. Posh Presents arrive for those
that Believe and let go!
The more I spend time with more wealthy and successful people. The more I
notice that they have already totally experienced and seen their goal or desire
as DONE. They just
expect it! And know that all the right resources in terms of money, people and
tools will manifest. They are positive thinkers and manage hurdles with ease.
To them wealth and success if simple - they believe they are successful,
wealthy and happy. Some of them refer to this as 'Let go, Let God', as in, they
set their goal, create the belief and feeling with intensity and then they let
it go (quiet expectation)
7. One step at a time.
Goals are a way of
life; it�s a daily thing - no escaping some effort here! So think big then
chunk down. For example: If you know you want to do an e-book. Take a piece of
blank paper and brainstorm all the things you think you might need to do in
order to make that a reality. Then transfer all the steps to you diary or
gadget that keeps you on track and do one thing each day. Commit to DOING ONE THING PER DAY towards
that particular goal.
If you're not sure about the 'how' this is not the most important thing. Even
Emerson didn't know the how - he just focussed on the WHAT and the HOW took
care of itself! The key is to keep the goals clear in your mind and do not let
obstacles hold you back! Go for it!
These processes have
changed my life tremendously. I still have goals I wrote down in 1997 and every
year hence. It never ceases to amaze me how many things HAVE ACTUALLY HAPPENED! So I am
super passionate about this topic because it WORKS and is VERY
POWERFUL!
Thank you for taking
time to dial in. We trust you got what you needed to get moving with those 2009
GOALS!
Make a commitment
today to take 3 actions after this call that will take you closer to
what you want in 2009.
I�d love to
hear about your success stories! If you would like to have your company on our
blog with your story. Just drop us a line!
If you would like more
on this subject, join the Millionairess Club on 29th January or go
to www.wealthbabes.com to find out more or contact 0208
740 8184 to book your place.
Wow! Great afternoon with the team and all our attendees. (Photos to come soon!) We covered the top tips that Millionaires have passed on to me. Particularly on my travels in Florida last month!
We even had two lovely ladies from Hampshire! Lovely to meet you Jane and Wendy, congratulations and we were really pleased you got more than you came for!
We look forward to seeing you at the next one! Lunch and service was lovely as always and business ideas, connections and information on attracting what you want was shared and 'installed' at the end of the workshop.
We look forward to meeting all new members in January 09. Merry Christmas ALL!
If you look at all the successful wealthy individuals in the UK and beyond, the majority of them ALL had a mentor. I am in Florida at the moment on my mentoring journey with 35 other fabulous peer group who are a combination of millionaires, entrepreneurs and individuals who all want to advance, to become even more successful, to have life balance and who want to MAKE A DIFFERENCE.
In life - its the people - not always the money that you remember. I feel humbled to be around such amazing people who really want to see everyone get the results that they want.
My question to you is - who is mentoring you? Who is doing what you want to do and is the best in their field? What one thing could you do today to take a step closer to their results??
If you need further advice...just call! We also start our Millionaire Masterminding in January so do email us if you want to go to the next level!
Hi Everyone, I love this article by Ty - as we know Cash Flow is king and this is simple, straightforward advice! The only 2 caviats I would add, is that credit cards do have their place. Especially 0% ones IF you manage it effectively ( I have a huge Excel spreadsheet for mine!!)
Also remain positive - keep focussing on the cash YOU WANT, not what you DONT HAVE. As we get what we focus on!!
Amanda
Eight cash flow secrets of entrepreneurs
Your success as an entrepreneur comes down to whether or not you can pay your bills and still turn a profit. Seems obvious, right? It is, but achieving a healthy balance between monetary intake and output is an art form that confounds many entrepreneurs. According to entrepreneurial guru Ty Freyvogel, your ability to manage your cash flow will either make you or break you.
I have seen otherwise successful entrepreneurs crumble under the stress of poorly managed cash flow. Likewise, I have watched colleagues flourish under a well-structured, well-maintained accounting system.
Fortunately, it's quite possible to stay on top of the money coming into and going out of your company. Read on for some tips and insights that have led to my own businesses' successful cash flow.
1. Assume that your estimates are wrong—and save for a rainy day
No matter how carefully you plan for all potential cash-related scenarios, you will not be able to accurately predict the "weather" of your operating environment. At any moment, a storm front or even an unexpected sunny day could appear out of the blue. Don't get me wrong, it's a good idea to make rough estimates for your cash flow; just be sure to give yourself a healthy margin for error, because you must always expect the unexpected. In other words, keep a nice cushion of "extra" money in your account for those surprise bills. I know that entrepreneurship is based on taking risks, but where cash flow is concerned, err on the side of conservatism. Remember that cash is king. No matter how much we dislike it, our cash flow determines what we are able to do with our business.
2. Don't underestimate the value of a good customer
As the owner of your business, you have the choice to run it as you see fit. But no matter how successful and powerful you become, remember that your customers are the reason you exist. So be good to them. Some of my oldest customers are still my best customers. One company can spend millions on your services during the years. If you're a consumer company, even one person can be worth thousands of dollars over the span of your business relationship. For this reason, you must not let success change your mission to give every client and customer the royal treatment. They are, after all, responsible for the incoming cash you will use to pay your business's rent, taxes, and other fees. They are the face of your cash flow.
3. Keep tabs on your expenses
Don't rely on your memory alone to know when to pay your bills, order new supplies, or bill your clients. Even if you run a very small business, you will never be able to pay everything on time if you don't have some system in place to help you keep track of it all. For this reason, it is imperative to appoint some method to help you keep your bills and their due dates separate. Your system can be as simple as keeping a notebook documenting when to write checks and when to deposit them. Or you can utilize a computerized system like QuickBooks to help you keep track of everything. Being well organized will ensure that you're supplies are always in stock, your power never goes out, and your employees get paid. Take my advice on this one. It is a lesson you definitely do not want to learn the hard way. When putting your annual projections together, think carefully about non-recurring bills, those payables such as insurance premiums, tax estimates, or payments that have a tendency to sneak up on you and say "Gotcha," sometimes when you least expect it.
4. Don't extend credit to just anyone
You will almost certainly have to offer credit to at least some customers, if not all of them. (It depends on the type of goods and services you offer, of course!) But be extremely careful when determining who gets the benefit of your credit and who goes on his merry way. Read credit applications thoroughly and check all references. Never raise the credit limit of a risky customer, and don't hesitate to lower it if you have to. You might even consider consulting with a good creditors' rights law firm to help you craft a smart credit policy that makes sense for your company and increases the likelihood you'll get paid—at least most of the time.
5. Be firm but kind with clients
It is important to run your business in a manner that tolerates a certain amount of leniency with clients, but don't let them walk all over you either! If you establish yourself as a complete pushover, even clients with the best intentions will take advantage of you. It is also important not to run your company with an iron fist. You want to find a happy medium that will keep you in business and keep your clients happy. That being said, don't be afraid to politely call a customer who hasn't paid a bill and remind him or her that it is overdue. They understand that you have provided a service and it requires a payment. You can preserve your client relationship and get your money by treating the client with integrity.
6. Break even
You have to at least break even each month in order to survive. Ideally, an entrepreneur wants to make a profit, but if you are facing hard times, your biggest goal will be to just break even—and then get back on track. If you have done all the preliminary steps to opening your own business, then you probably already know the bottom line numbers regarding your expenses versus the amount you hope to bring in. For obvious reasons, you want your incoming cash to be significantly higher than your outgoing. So engrave your break-even number in your mind or sticky-note it to the front of your computer, and see that you surpass that number each month. Simple. Here's a quick tip: If you are having problems breaking even one month tell your vendors, don't keep them in the dark. Make a deal with them to make partial payments until your receivables catch up or that you can arrange a loan for working capital. They will appreciate you in the long run. No one likes surprises, especially your bank.
7. Be honest with the man
Do not, I repeat, do not try to cheat the government. Some very clever people have filtered out money from their business that they were able to keep out of the government's grasp …for a while. You may get away with hiding money, under-reporting income, fudging your write-offs and other methods of cheating, but you probably will not. Uncle Sam has gone to great lengths to set up systems that keep this from happening easily. The IRS is going to get its "fair" share. You may resent paying it—most entrepreneurs do—but follow the rules and at least you'll get to feel resentful outside of a prison cell. I've always paid the tax man first.
Why, taxes are good. (Really!) Many businesses try to have a very small profit at the end of the year so they don't have to pay huge amounts in taxes on it. This can negatively affect cash flow if you keep your business account so low that you don't have enough of a pad there to pay an unexpected bill. I suggest that rather than taking tax avoidance to extremes, you get out there and try to make more money. If you think about them in the right way, you won't view taxes as such a bad thing. Uncle Sam is going to get his cut one way or the other, so you may as well assume that paying lots of taxes means that you are doing very well.
8. Keep away from credit cards if possible
Credit cards are necessary, but that doesn't mean that you should aggressively run up a mountain of debt. Businesses shut down because of factors like credit card debt (In my opinion, this is the most expensive debt you can incur!), so swipe with caution if you have to swipe at all. Don't max them out, by any means. If you find that you have to max out a credit card your business may already be in trouble and it is time to seek alternate funding. Cut costs somewhere, or (best of all) figure out a way to boost your profits.
Don't worry if managing your cash flow seems very difficult and even overwhelming at first. Cash flow is very complicated and can take some getting used to. It is a lot like learning to pay your own bills after college graduation––a daunting task at first, but certainly not an unattainable goal.
After a few months, you will embrace your monthly monetary obligations and may even find a sense of comfort in the ebb and flow of money. Like the tides and the seasons, cash flow has a natural "rhythm" that keeps you grounded and helps you make sense of your place in the business world. Before you know it, you will be able to use your cash flow as a gauge of your ability to take risks—and that knowledge will help you make the kinds of smart decisions that help your company grow and flourish. Remember, when your outgoing exceeds your incoming, your upkeep is your downfall.
Ty Freyvogel is the founder of Freyvogel Communications and is the author of "It's Not Your Smarts, It's Your Schmooze" and "Seize the Century!," as well as an advice guru on his new website, MakingSenseofYourBusiness.com.
This article was originally published on BusinessZone.co.uk's sister website AccountingWEB.com.
On a beautiful cruise ship in the Carribbean..isnt tecnology wonderful! It reminds me what wealth is all about and how you CAN DO WHAT YOU WANT WHEN YOU WANT, WHEN YOU PUT YOUR MIND TO IT!
This is our busy season but we combined business with pleasure and doing what we love!
We enjoyed networking and business games in order to be able to 'think outside the box' and create new avenues for business and opportunity. All members had something relevant and important to share..Shared knowledge is amazingly powerful and so is our network!
Anita Langley Speaks and Laughs! We had an inspiring talk by Anita about her journey and how she is now using her 'laugh' to inspire the world! A lively character who has helped so many people, particularly in London and was very active in the basket brigade (helping less fortunate people at Christmas) An Amazing woman!
Lunch was delightful as always and a fab time was had by all...and we can all implement something that will effect our business and life for the positive..
Tips for Surviving the Current Downturn..why not make it an Upturn in stead!
How entrepreneurs and business owners can be prudent whilst keeping a mind open to opportunities!
Consumer confidence is low but many of the entrepreneurs I work with are still making money…and quite a lot of it! They are positive individuals who are focussing on specific niches where demand is high and people still value knowledge.
The general public are unfortunately in a daze from what the media is feeding them…negativity. Things are on a downturn, but it’s a cycle and things WILL get better. It may take a while but over the next 18 months – now is a good time to consolidate! I have launched a new business and new club in ‘a recession’ and things are still going well!
I have lost some value of my property portfolio but – it will still go up over the next 7-10 year and I am in if for the long term so it now becomes a question of CASH FLOW and CASH IS KING.
Whatever you are doing in your businesses, its back to basics. How much money is really in the business, who is our BEST customers, where can we get more business, where can we consolidate? How best to focus on still improving service and adding value whilst shaving some of the more unnecessary costs? Are we properly planned for the next 18 months – 3 years?
I have been watching the series the Secret Millionaire recently and all of the participants always see opportunity in the communities where they get involved. They automatically see solutions and a better way of doing something! What better ways can you find in your business or company today?
Now a few more tips to keep you BUSY! And Bright!
Be Proactive and Roll those Sleeves Up. Not Reactive. Even if the media is talking about a downturn. It doesn’t mean you need to put all your energy into it! It’s better to focus on getting on with what needs to be done but with an awareness that you may need to look at your strategy again and plan to be leaner in some areas whilst still re-investing in others. Great advertising always costs less in a downturn! Could be time to BOOST YOUR BRAND!“You need to develop an early warning system,” says US based business consultant Bill Conerly, author of Businomics: From the Headlines to Your Bottom Line — How to Grow Profits in Any Economic Cycle. “Pay less attention to the national measures. Instead, follow what’s happening locally, like the inventory of unsold homes, new building permits, population change and home sales volumes. When it’s looking like a downturn has arrived, sketch out a contingency plan for change that’s even more severe than the one you’re experiencing.”
Create a comprehensive back up plan. Be economical but don’t cut everything – especially key staff unless it’s absolutely necessary. Where else can you keep adding value and streamline other procedures?
Be flexible. Whatever your business – there are always customers if you look hard enough. After training sales people for many years…I am totally convinced much of business over the next 18 months will be a numbers game – tainted with maintaining your current business relationships!
Hire talent with attitude. If you can hire 1 employee with the right attitude who can see you thought a tougher time, they will be worth their weight in gold in an UP time. People are a company’s greatest asset and when hiring – a good combination of attitude and aptitude goes a long way! In all my years – it’s easier to train skills but NEVER attitude!
Invest more in relationships. Having good relationships with customers and suppliers can always help a business stay afloat in tough times. The time to build rapport, however, is well before economic challenges set in. But if these relationships are already in place, now may be time to take advantage. Picking up the phone instead of sending an email will make a HUGE difference. People will be feeling insecure and trust is better conceived by that personal contact. Also – if you have time, get out and see them. As Brian Tracey says ‘ Unless you are nose to nose, face to face or ear to ear with customers, you aren’t selling!’. When you have better relationships – it’s easier to ask them to lengthen your payment cycles or renegotiate rates.
Think Long Term whilst keeping an eye on short term objectives. As with all phenomenons, downturns do not last forever. In this period it is a great time to get to grips with your strategy, your planning, your team, your goals, your vision. When you are absolutely clear what your END STEP or END GOALS are, it makes it much easier to stay on track!
Make sure they are written down (not on the back of a napkin, although Richard Branson thinks its fine!) and available to you. Make sure they are BIG but that the daily steps towards it are realistic, measurable and achievable.
Opportunities are EVERYWHERE especially in a downturn so keep your eyes peeled and keep networking, connecting and adding more value to your customers. I promise it WILL pay off!
If in doubt, or you need a boost - do seek outside advise – Business Link as always are great or get to grips with finding a mentor. Chances are they will have been there, seen it and done it before which in itself is reassuring! Or call us at Wealthbabes on 0208 740 8184 or email advice@wealthbabes.com
On Saturday 20th September we launched the Millionairess Club! We had great fun, excellent networking, a marvelous lunch and a superb speaker - Sally Kettle who rowed accross the Atlantic TWICE. We laughed at all her little stories of hardships and triumphs and to her building a new relationship with her mother. She also talked about the danger of 'assumptions' in life and how best to communicate further to avoid any long term damage!
Everyone was very supportive, open and honest about their business and some about their personal situations. It was a positive, amazing group and everyone left feeling uplifted with new ideas and friendships.
The next one is Tuesday October 14th where we have another speaker and will cover various wealth and success topics that are relevant to most women entrepreneurs right now!
DO BOOK YOUR PLACE now as the group will be capped at 50 lovely ladies!!!
Our Vision: A spirit of cooperation between
members for the attainment of
YOUR definite purpose and bright, wealthy future!
This is a select group of women who will meet monthly
and want to make a difference, build lasting friendships, create more success
personally and professionally and to have fun and focus whilst doing it!
‘Its not just about the money, its about the TRUE YOU’ Amanda
Steadman, Founder of WealthBabes & Millionairess Club
We are looking for passionate, committed members who may answer yes to
some of the questions below:
·Do you find that
you have a business idea but not really taking action on it?
·Do you find your
business is doing well but you're not financially free or large enough yet?
·Are you so busy
with family, career and life that you're dreams have been sidelined?
·Are you in a
company where you know you can make a difference but it's not happening the way
you want it to?
·Are you just about
to start a business but want someone experienced to
guide you through the pitfalls and jetison you towards success?
·Do you want more
clarity on how to get TO success faster? With less mistakes?
Have a sounding board? Have encouragement and support?
·Overwhelmed by
lack of time and too much info?
·Know you CAN do it
but haven't quite taken the right steps YET?
·Want to be
surrounded by a dynamic, like-minded group of extraordinary women regularly?
Then the Millionairess Club is for YOU!
Amanda’s Story 'I left my job and followed my
heart, built a £1M property portfolio, started two successful companies and
have more time to enjoy life, - and want to share my insights with YOU!'
What will you get for only £30? (Instead of £49!
The Original Price)
A delicious 3 course Lunch in a lovely hotel space
PLUS
An inspiring Speaker, Sailor and Author - SALLY
KETTLE - Guinness World Record Holder (Normally £150 to see at Business Forum
for one Talk!)
You are getting INCREDIBLE VALUE FOR AN
AFTERNOON!
She crossed the Atlantic TWICE - ROWING! An amazing woman
- DO NOT MISS IT!
PLUS
Interactive Business Games
PLUS
We will take its
members to new levels of success and results through:
Business development
Personal growth
Collaboration & fun
You will learn how to breakthrough challenges
that are holding you back
Use the mindset of the millionairess
How to develop a sustainable and wealthy
future
How to associate with a peer group who will
support, nurture and push you to be the most amazing woman you can be...
PLUS
Some surprises!
PLUS
Quarterly Charity Time Days! Giving Back..
Are you ready to
join us?
If you are..join us for the Launch of Millionairess Club. Get your ticket NOW!
Limited seating.
Don't leave your future to chance...start your path to greater
fulfilment, collaboration and wealth TODAY. We look forward to meeting
YOU!
Do you really want to miss out on such a
great opportunity?
Free recording of
Teleseminar – 7 Secrets to Business Success by WealthBabes with Clinton Swaine
– Entrepreneur – WITH EVERY TICKET
Tickets are £30 until the 17th September
As Bob Proctor says'Change is
inevitable. Personal Growth is a Choice..'
Tickets are £30 until the 17th September.
From
the 18th Sept they will be £35 so get yours today! See you at the
event.
10% of
proceeds from Ticket Sales will be donated to UNICEF
Book your place now. Seating is limited and cannot be booked after
Friday 19th September or until tickets are sold out.
We look forward to working with you! If you do not
feel at the end of the day that we have added value to you and your business –
You can get a 100% MONEY BACK GUARANTEE!
Amanda
and the team at Wealthbabes
Testimonials:
Amanda has undertaken extensive speaking engagements, training and mentoring
sessions with our International and UK organisations. Sometimes in a foreign
language! She is engaging and adds her own storytelling style with humour
adaptable to corporate and intimate environments. She speaks with passion
about how to advance in business and the personal realm; particularly
maximising the potential of the individual.
She has added value to hundreds of consultants, trainers, managers and
directors through her sharing of knowledge, experience, passion and
commitment to get results where it counts.Many of the managers
businesses are now turning over excesses of £500k to over £1M.
'G.Lean MRI Network' – Managing Director
I obtained business advice in
business transactions after meeting Amanda. Amanda is an inspirational figure
within the wealth attraction arena. Her passion for helping people and sharing
key wealth building information is clear. She puts you at ease whilst
discussing challenges and is keen to move you towards results fast!
Together and level headed she will
help build your wealth and avoid the sharks, to develop long term personal and
financial growth.
A little investment in Wealthbabes
can impact your financial future for the rest of your life!
Amanda is a very
passionate and engaging individual who inspires people to be the best they can
be. Not only that, she is pragmatic, business minded and has already achieved
huge amounts in life and business. She has helped me get clearer on my business
objectives, find an accountant, get the most out of coaching and most
importantly inspire me to create what I want in life, quickly, efficiently and
with passion!
It has been a very interesting week for me personally. I was very excited to be featured on Business Women's Cafe, especially a week before the launch of the 'Millionairess Club' next week in Kensington.
I turned 36 last week (biological clock ticking..) and went in for a Gynae operation on Monday. As I have had issues regarding trying to get pregnant. Due to a few complications. I ended up staying longer than planned which gave me plenty of time to THINK as I didn't get much sleep.
At 1.30am on Tuesday morning. I was wide awake, in pain but knowing that everything was going to be fine. The medical team couldn't fit me into a gynae ward so I ended up in another one. Where the ladies around me were very very poorly indeed. It reminded me again, how lucky and grateful I am for everything in my life right now.
Even though my situation was not serious by any account, it still gets you to thinking about life, what you're here for and 'have I done OK so far?' I lost my mum to ovarian cancer when I was 20 so anything Gynae related has alarm bells attached to it. (I usually choose to put to one side and not focus on that fact). I was thinking, would my mum be proud of who I am and what I am doing? I think her death was one of my key drivers to become the person I am today. I feel fulfilled when I am helping other people break through barriers and become who they truly are.
I truly believe if my mum had had the support that I have around me now plus the psychological and metaphysical knowledge. I think she may have been around a bit longer!
This is what drives me. I know I can make a difference, I know I have something valuable to say to the right women, to people who need to hear it.
On top of this. Whilst lying in the hospital bed, staring at my tiny ward world of drawn light blue curtains..I realised that I was the wealthiest woman in world. I thought back to all the people who had texted, emailed and called to wish me luck for the operation. I thought of my fiance who is so caring and loving, to my family, to my friends, to all the people I have touched so far. It suddenly became crystal clear - if I was to pop off there and then..I would have been happy. Why? Because, more than anything else that I have achieved in this lifetime, the businesses, the successes, the wealth so far..I AM TRULY LOVED.
I believed that I already thought I was grateful. But until this moment - I hadn't been overwhelmed by it! I have definitely experienced my 'Wealthy Wake Up Call'.
In conclusion, I know we are all striving for a 'wealthier, more fulfilling life', my question to you is - how wealthy are you right now! And how much more grateful could you be?
You always get more of what you focus on, so from this week I'm going to centre on my attention on even more GRATITUDE! I also look forward to welcoming you to the Millionairess Club if you would like to explore further.
Well the excitement over the Millionaires Club is hotting up. All plans are in place for a fun and productive afternoon on Saturday 20th September.
Be part of the Exclusive Millionaires Club and Breakthrough to Success in 2008
On September 20th, WealthBabes Launches the Millionairess Club.
We are looking for passionate, committed members who may answer yes to some of the questions below:
Do you find that you have a business idea but not really taking action on it?
Do you find your business is doing well but you're not financially free or large enough yet?
Are you so busy with family, career and life that you're dreams have been sidelined?
Are you in a company where you know you can make a difference but it's not happening the way you want it to?
Are you just about to start a business but want someone experienced to guide you through the pitfalls and jetison you towards success?
Do you want more clarity on how to get there faster? With less mistakes? Have a sounding board? Have encouragement and support?
Overwhelmed by lack of time and too much info?
Then the Millionairess Club is for YOU!
This will take its members to new levels of success and results through business development, personal growth, collaboration and fun.
You will learn how to breakthrough challenges that are holding you back, use the mindset of the millionairess, how to develop a sustainable and wealthy future and how to associate with a peer group who will support, nurture and push you to be the most amazing woman you can be...
Are you ready?
If you are..join us for the Launch of Millionairess Club, to include lunch (including dessert!), wine, an amazing peer group and a few surprises.
Don't leave your future to chance...start your path to greater fulfilment, collaboration and wealth TODAY.
As Bob Proctor says 'Change is inevitable. Personal Growth is a Choice..'
Register your interest now! Click on the link below:
ClintonPresents to WealthBabes Teleseminar :
Top 7 Mistakes to Avoid in Business.
THURSDAY
AUGUST 14th @8pm
GMT
Clinton
Swaine and Frontier Trainings - Training Provider to the
likes of Brian Tracy, Christopher Howard and other famous gurus will be talking
to WealthBabes on our FREE TELECONFERENCE about
Succeeding in Business. He had made money in property, trading and
personal development and is WILLING TO SHARE HIS KNOWLEDGE FOR FREE!
Do not
miss this amazing opportunity to hear this entrepreneur share his secrets on How
to do Great Business in any Economy! He will share the Top 7 Mistakes to Avoid in Business. He has already
helped our business tremendously and is very unique in his approach.
Please register FOR THE CALL now by
emailing Amanda@wealthbabes.com or calling 0208
7408184 to secure your FREE place on the call. The tele-seminar is free. You
just pay for the telephone call to the US.(£0 to a few pence a minute on most
landlines)
Clinton has
amazing insight, experience and genius regarding his approach to creating
extraordinary businesses. Please join us and learn from
Clinton's
mistakes and triumphs. He is coming to the UK In September so check out why
he's already proving extremely popular and places are going fast for his 3 day
free Play to Win Course!
I am not a normal X Factor or Britains Greatest Talent person but I was reading a London free paper yesterday and caught sight of a story about a 'George Sampson' who had recently won one of the talent competitions. He now has a show happening in London and he'd the latest buzz.
I thought - why should this interest me, but something drew me to YouTube to check out what all the fuss is about and I have to say. I was totally inspired.
I love singing in the rain at the best of times but to see PURE INSPIRATION, HEART, COURAGE, PASSION like that in someone from a tough area up north was awesome. It brought a lump to my throat!
He is doing what he loves most in the world - dancing. He didn't give up when he was rejected last year. He learned, went back the drawing board, worked harder and came back with a vengence. He is one of the lucky people in this world who know what they want and are prepared to do all the can to GET IT. Wealth and the Law of Attraction are already working very well in his favour!
I wish him all best and will definately be keeping my eyes on him. Good luck George and congratulations on inspiring a new generation and some of us 'older ones' with passion.
If you don't know what its all about, I highly reccommend you watch this..and if you're a ssensitive soul, a box of tissues too! Enjoy!
Absolutely loved it and have new ideas to go away with!
Next time, can it be LONGER please!
Very inspiring, when is the next one?
Great to meet lots of like-minded individuals who want similar goals.
The group energy was amazing and due to the excercises a 'workshop' almost developed. This lead to great interactions between all the attendees who got more than they bargained for. They left feeling inspired AND took some written action steps to implement straight away in their life and career.
Wealthbabes are
Teaming up with Elliott Kay from PlayVibz.com & EKC to Present:
Love What You Do and Do what you LOVE! An inspiring talk and interaction to
get you LOVING what you do.
Tuesday 29th JULY at 7pmin Central London.
There is a chance to:
Gain valuable insights as to what you can do to LOVE WHAT YOU
DO.
How are your current perceptions effecting you and your career
Have fun whilst being inspired
Come away with key action steps to apply.
Network with likeminded individuals
Complimentary refreshments.
Compimentary Session
DONT MISS OUT. This is an exclusive event for 40 persons ONLY so please
email for more information/booking amanda@wealthbabes.com or
info@ellifecoach.me.uk to be added to the GUESTLIST as soon as possible.
Below is an article from Motley Fool.com. It paints a bleak picture for the housing market and compares prices to those over the last few years. Despite this picture - I would also take into consideration that there is still a demand from first time buyers, as well as a shortage or housing stock and decreasing land supply.
So taking all the other factors into consideration - if you are cashflow rich and are looking at a 3 year + plan. Things should start to move again within 18-24 months. Admittedly not to the levels we have seen, but my cash will stay firmly in property as I am in it for the LONG TERM. As long as you have sufficient buffer, equity to cover any shortfalls. If not you can look at Rent-to-Buy Schemes to release cash to your current tenants. As with all savvy investors - they will always figure out creative ways to make money in any market. So be prepared to change parts of your strategy to adapt to a downward market. GOOD LUCK!
Even the most optimistic property watchers would agree that the housing boom is well and truly over. Indeed, according to the Nationwide Building Society, the average house price fell by 0.9% in June, following a shocking 2.5% drop in May. In the past twelve months, the average house price has fallen by 6.3%, and is down 7.3% from its October peak.
Nevertheless, Nationwide BS was quick to point out that house prices are still 4% higher than they were two years ago, and 9% higher than three years ago.
So, most homebuyers who bought in 2006 and earlier are probably still sitting on a decent tax-free profit.
However, if prices continue to fall, then the property clock will go backwards in time. How much would it take for house prices to fall back to the levels of 2005, 2004, or earlier?
Let’s find out by studying the data from Nationwide BS:
House prices from June 2008 to June 1995
June
Average
house
price (£)
Fall
required (%)
2008
172,415
-
2007
184,070
+7
2006
165,730
-4
2005
157,791
-8
2004
151,524
-12
2003
127,214
-26
2002
106,693
-38
2001
89,068
-48
2000
81,452
-53
1999
70,789
-59
1998
65,871
-62
1997
59,189
-66
1996
53,325
-69
1995
51,347
-70
Source: Nationwide BS, June 2008
As you can see, the average UK property price is now £172,415. In order for this figure to reach the £184,070 recorded a year ago, it would have to rise by 7%.
Of course, given the problems in the mortgage market, I think this is unlikely to happen for several years. On the other hand, if prices were to drop by just 4%, we would be back to the £165,730 recorded in mid-2006.
Likewise, if property prices continue to dip, an 8% fall will take us back to June 2005. A drop of 12% would turn back the clock to mid-2004.
House prices jumped sharply between 2003 and 2004, so the average price would have to fall by more than a quarter (26%) to take us back five years to June 2003.
After this, things get a lot scarier! To wind back the clock six years to 2002 would take a fall of nearly two-fifths (38%).
To go back into the previous millennium -- let’s party like it’s 1999 -- would require a price drop of almost three-fifths (59%).
Lastly, to reverse the property clock all the way back to when it started in the mid-Nineties would require house prices to collapse by seven-tenths (70%). Yikes!
Frankly, even the most apocalyptic property pundit would not expect house prices to fall 70%, reversing twelve years of rising prices. Indeed, despite being something of a house-price Cassandra, I don’t expect prices to fall more than, say, three-tenths (30%) from their current level. Nevertheless, a fall of this magnitude would take us back to early 2003, snatching back all of the growth of the past five years.
For the record, property prices in some parts of the UK fell by more than 30% in the property crash of 1989 to 1994, as I revealed in How Bad Was The Last Housing Crash? and The Last Housing Crash, Part 2. In fact, East Anglia fell by 33.9%, the South East by 30.7%, the South West by 29.3%, and Greater London (supposedly a ‘property fortress’) by 27.9%.
Thus, if the last housing crash is any guide, we can expect the property balloon to deflate a whole lot more. In doing so, it could wipe out five years of property-price rises.
So, don’t start getting your hopes up until perhaps 2011 at the earliest!
Martin passed away
two days ago. I’d seen him on and off for 8 years as he was part of the big
‘self development’ network in London and we even attended another friend's wedding
together in 2004.
The thing that I couldn’t
get over is that he was not much older than me, believed in who he was,
effected the lives of 1000’s of other people, danced with the stars and led a
truly amazing authentic life.
When one of his last
conversations was played to a group of 2000 people in a meeting in London, there were not many dry eyes in the house. But his
key message was ‘ be the authentic you. You need to find YOUR truth, experience
life, transform and take you life to the next level. Then you give permission
for others to shine. Whatever happens in your life – you get to choose the
meaning. Whatever you want in life – it can be done. Make use of every minute
of you life and live it to a high standard. Life in its basic form is Joy,
Energy & Love’ This is how Martin Boothe chose to live his life and there
are so many lessons you can choose to take from those words….so where do you
want to put YOUR Joy, Energy and Love and more importantly WHEN are you going
to start doing it!
Authenticity in your life and particularly your work are important. If you are not living by your values, your
business ventures may never soar to the heights that you want them to. There
are some tough questions you need to ask yourself. Let us be your guide...Enjoy, life is not a dress rehearsal!
On top of this, I also met and saw John Dimartini speak twice this week. He was part of the team that did 'The Secret' What an amazing man. He has devoured over 28000 text through speed reading and has come up with the Secret to Life...Love and Gratitude. He is also now a multimillionaire who travels the work doing what he loves - speaking, writing, teaching..Go John.
Amanda Steadman from Wealthbabes is being interviewed by Elliott Kay
of Elliott Kay Coaching on Playvybz.com Radio on Saturday 21st June at 9pm.
The show’s theme for this week is:
Getting into Wealth
Getting Started..How do I Do it?
Got a question about that, send it in and it will be answered on air and
possibly your name mentioned!
I will be sharing lots of tips too! Elliott is also looking for guests to come
on the show(either face to face or over the phone) so if you have a business,
do work for charity, any anything entrepreneurial or have a amazing story to
share he wants to hear from you!
All you need to do is go to www.playvybz.com and login or click listen live!
Be inspired.
Amanda Steadman from Wealthbabes and Elliott Kay
www.wealthbabes.com
www.ellifecoaching.me.uk
Tony is an awesome chap for those of you that may not have come accross him yet! Here is a short 20minute video on how to live life with PASSION! Enjoy this free snippet. Our courses cover many of these principles in a condensed format, mixed with year of learnings and experience so that you get ALL THE BENEFIT!
Below is a simple story between myself and our wonderful IT Engineer Guy regarding the IT Systems at WealthBabes!
Reading the emails back I thought it was quite amusing...Read it BOTTOM UP FOR MORE IMPACT...
In Summary
It
always amazes me that in life the biggest problems can be solved with
the tiniest of solutions. More importantly that it is specific KNOWLEDGE
that OPENS up a field of possibilites...
Told
ya!
From: Amanda
Sent: 04 June 2008 13:50 To: Guy Subject: RE: Health
Check
hole thing worked!
amazin!
-----Original
Message----- From: Guy Sent: 04 June 2008 11:33 To: Amanda Subject: RE: Health
Check
You should be able to
open the cd drive by putting a paper clip into the small hole on the front..the
drive will then pop open..
Guy
From: Amanda
Sent: 04 June 2008 11:06 To: Guy Subject: RE: Health
Check
Hi
Guy
Bring your toolbox as
we also have a PC with a CD jammed inside it! oooh the things we get up
to!
KR
Amanda
-----Original
Message----- From: Guy Sent: 04 June 2008 09:02 To: Amanda Subject: RE: Health
Check
Hi
Amanda
Sorry for not getting
back to you, I have been rushed off my feet lately…
This Saturday should be
ok I think, how long do you think you will need me?
Guy
From: Amanda
Sent: 03 June 2008 20:20 To: Guy Subject: RE: Health
Check
Hi
Guy
Are you around this
weekend or next...we are starting to miss
you!
KR amanda
-----Original
Message----- From: Guy Sent: 12 May 2008 16:37 To: Amanda Subject: RE: Health
Check
Oh dear, sorry to hear
that..
Have you tried running
a scan in windows safe mode?
From: Amanda
Sent: 12 May 2008 12:57 To: Guy Subject: RE: Health
Check
Hi
Guy
Unfortunately PC's have trojans that we just cant shake as one is
stuck in system 32 and wont let the virus software eradicate it! Anyway - with
any luck we'll see you in a couple of weeks!
Well there was a good attendance at the first talk of Love What you Do , Do What you Love. Elliott from www.ellifecoach.me.uk warmed everyone up with his CheeseRolling Story and in depth over view of how our own Perceptions hold us back. Amanda from WealthBabes, talked about how she left corporate life and took massive action to change her life and also how she made mistakes! There is no failure only FEEDBACK. We had fun and so did the audience who had to participate by sharing what they would do if money was not an option and if some of their current beliefs didn't hold them back! So we have dancers, photographers and sports trainers to name but a few. We look forward to seeing how they get on in the weeks to come and to making our next session even more successful.
Watch this blog for our next Session! See you soon and Do what you love, love what you do!
Here were some of the key questions to think about:
· What do you already know
well?
· What successful
experiences have you had so far with work or hobbies?
·
What do others come to you for? What are you always being asked for your help
with?
· What are your most
significant personal achievements to date?
· What are you naturally
good at? What comes easily to you?
· What have you spent
years getting good at and really ENJOY?
· How could you possibly
get paid for it? Brainstorm as many options as possible? Then choose one to
action!
Photos by our amazing resident Photographer Charlie Brown our on their way! www.photosbycharliebrown.co.uk
FREE
EVENT
We have teamed up with another passionate and enthusiastic speaker and coach - Elliott
Kay from www.ellifecoach.me.uk and I will be holding an event on Tuesday
27th May in West London at 7pm, At The John Bull 590 Chiswick High Road Gunnersbury London W4 5RP (Opposite Gunnersbury Tube Station) on 'Do what you love and Love
what you Do'. There will also be an networking opportunity and chance to
gain some amazing insights into bringing passion into your work/company. Places are
limited so please book in advance on mail@wealthbabes.com or call 07747 030
977.There is no charge except for your drinks!
The world is a rather large place and recently there has been a surge in a focus on Women in Business, Women's Networking, Women in Property and that is how the demand for this company was established!
There are some amazing women that I have met recently and its fabulous to see how the joint ventures and desire to help others is raising awareness and creating new projects and wealth along the way.
A very good friend of mine gave me wonderful gift recently, which read like this (as composed by Ashley Rice)
Women who change the world
There are women who make things better...simply by showingi up. There are women who make things happen. There are women who make their way. There are women who make a difference And women who make us smile There are women of wit and wisdom who - through strength and courage - make it through. There are women who change the world every day...women like you.
So if you if you are ready for a change, step up. Change starts with you, then the ripple effect kicks in and we all move forward!
Have an awesome day and as Tony Robbins says "Live with PASSION"
Wow! What an amazing couple of weeks. Since attending two amazing courses (see free stuff on the website) I have been catapulted to an even higher level than I thought possible and have met a group of talented, passionate entrepreneurs and individuals who are all moving forward in the lives and taking others with them. I have joined a great mastermind group as well as a few other networking gatherings that are in my field. This will enable me to pass move information on to all of you out there and maybe you will get to meet or hear one of them at our upandcoming courses and teleseminars.
I have had numerous calls and meetings with awesome individuals and new clients are appearing from nowhere without me having to DO too much. When you are in the flow THINGS JUST HAPPEN and wonderful people just arrive,unexpectedly in your life. In one of my property dealings, I had a super evaluation that was £10k over what we thought it was..a terrific week methinks.
Talking of talented individuals. We have teamed up with another passionate and enthusiastic speaker and coach - Elliott Kay from Ellifecoach.com and I will be holding an event on Tuesday 27th May in West London at 7pm on 'Do what you love and Love what you Do'. There will also be an networking opportunity and chance to gain some amazing insights into bringing passion into your work. Places are limited so please book in advance on mail@wealthbabes.com or call 07747 030 977. Its FREE!
See you soon!
Watch this space and WHICH NETWORK or COURSE can you book yourself into that will really change YOUR LIFE?
By Andrew Walker Economics correspondent, BBC World Service
The people at the top of the tree are enjoying the best things in life
The richest 2% of adults in the world own more than half of all household wealth, according to a new study by a United Nations research institute.
The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world's population own barely 1% of global wealth.
There have of course been many studies of worldwide inequality.
But what is new about this report, the authors say, is its coverage.
It deals with all countries in the world - either actual data or estimates based on statistical analysis - and it deals with wealth, where most previous research has looked at income.
What they mean by wealth in this study is what people own, less what they owe - their debts. The assets include land, buildings, animals and financial assets.
Different assets
The analysis shows, as have many other less comprehensive studies, striking divergences in wealth between countries.
Wealth is heavily concentrated in North America, Europe and some countries in the Asia Pacific region, such as Japan and Australia.
These countries account for 90% of household wealth.
The study also finds that inequality is sharper in wealth than in annual income.
And it uncovers some striking differences in the types of assets that dominate in different countries.
In less developed nations, land and farm assets are more important, reflecting the greater importance of agriculture in those economies.
In addition, the report says the weighting is the result of "immature" financial institutions, which make it much harder for people to have savings accounts or shares.
In contrast, some citizens of the rich countries have more debt than assets - making them, the report says, among the poorest in the world in terms of household wealth.
However, they are presumably better off in terms of what they consume than many people in developing countries.
Comprehensive
The survey is based on data for the year 2000. The authors say a more recent year would have involved more gaps in the data. As it is, many figures - especially for developing countries - have had to be estimated.
Nonetheless, the authors say it is the most comprehensive study of personal wealth ever undertaken.
Why does it matter? Because wealth serves as insurance against times when income tends to fall, such as unemployment, sickness or old age.
It is also a source of finance for small businesses, a particularly important point since it is the countries with lower levels of personal wealth which also tend to have weaker financial systems without the funds, ability or inclination to lend to small firms.
The report is not about policy recommendations.
But one of the authors, Professor Anthony Shorrocks, says it does draw attention to the importance of enhancing banking systems in developing countries to help generate the funds for business investment.
How can we change the balance? It is possible?
Wealth babes comments: 10% of all our profit is going to UNICEF this year. We believe in finding WIN-WIN solutions. We ae also looking into Women's focussed Charities for next year. If you are a women's charity that needs support, please email amanda@wealthbabes. com
Some of our close associates are also supporting the Hunger Project to eradicate world poverty if you want to help, please contact patrick.ac.moore@googlemail.com or subscribe to http://www.thp.org/subscribe.htm
We attended a course by last week. They normally run events for other wealth building and training companies. They have found so much success that they have come to the UK 3 years ahead of schedule. We learned so much in 3 days compared to many of the courses that I have been on - it integrates business principles into a series of interactive individual and team games. Its fun as well as TOTALLY engaging.
We have had insights into how to strengthen this business and also where weaknesses and individual strengths lie. We were so impressed by the results that 2 of us signed up for the Life Time Membership.
If you want 3 FREE days of Financial, Business and Investing A-ha moments that could make you Millions in terms of application. BOOK THIS COURSE, ITS FREE so there is nothing to lose!
You can turn the financial turmoil to your advantage by ‘shorting’ or
picking winning stocks
For those of you that are keen stock market babes - it is still possible to make a lot of money in a down market. Like with any wealth making strategy you have to be prepared to roll with the punches. It also depends on your risk profile. We feel more comfortable with tbe 'BUY and HOLD' strategies whereas some of you with a higher risk tolerance will do the day trades/spreadbetting strategies that are mentioned below. Whichever route you take - as always MINIMISE your Losses and MAXIMISE gains!
For anyone that would like more information on Investing to Win in the Stock Market, please email:wealth@wealthbabes.com for more information on courses, mentoring & DVD home study.
Rest of the article by David
Budworth from the Telegraph
PRIVATE
INVESTORS have made stunning profits of more than 1,000% during the credit
crisis by betting that share prices will fall. However, some UK
stocks have beaten the turmoil with gains of almost 180%.
Markets have suffered their worst quarter for five years, with the FTSE 100
share index down 12%, the poorest three-month performance since the third
quarter of 2002.
Many investors have watched in dismay as the value of their funds has
slumped; the average UK
unit trust and pension fund has dropped 6% over the past three months.
The brave, however, have made big profits by using spread-bets, contracts
for difference (CFDs) and fixed-odds financial bets. These tools, which enable
you to “short-sell” – or make money by betting that shares will fall – were
once the preserve of hedge funds and are not without their critics. Short-sellers
have been blamed for the rumours that led to a 17% drop in the share price of
HBOS, Britain’s
biggest mortgage lender, last month.
However,
the techniques are now being exploited by a growing number of ordinary
investors – with some spectacular results. Joe Paterson from Fulham, southwest
London, made a £25,500 profit betting that the share price of the banking giant
Citigroup would plunge earlier this year. His winnings represent a 1,020%
return on his original £2,500 bet.
Paterson, 24, a sales and marketing manager, said: “During the credit crisis
I have been focusing on banking shares. I also made good profits betting that
Barclays would fall but sadly missed Northern Rock.”
Trading in CFDs has jumped by 292% over the past year, and it’s not just
City professionals who are taking advantage.
Roy Camps, a self-employed painter and decorator from Witney in Oxfordshire,
has taken to trading CFDs in winter. He said: “I could spend the winter months
shivering on a building site or sitting in the comfort of my home and trading
the markets. It’s not without risks. Overall this winter I’m about even in
terms of profits and losses, but I have had big successes: I made £6,500 in 20
minutes betting that the dollar would weaken against the Swiss franc.”
Investors should be under no illusions about the risks. Only one in five
spread-betters makes money, according to research by CityUniversity’s CassBusinessSchool.
However, there are things you can do to limit losses. Firms allow a “stop loss”
that closes the bet if it moves against you.
If this sounds too risky, or complex, it is still possible to make money
trading shares in the conventional way.
Although the FTSE 100 has dropped 12% since the market’s peak about nine
months ago, a closer look reveals that about a quarter of stocks are worth more
today than they were then.
The winner in the FTSE All-Share index is the oil-equipment supplier
Wellstream Holdings, up 177% over the past nine months. In the FTSE 100, Cairn
Energy, also an oil explorer, is top with a 65% gain. The brewer Scottish &
Newcastle is up 25% and defence group BAE Systems has risen 23%.
Henk Potts at Barclays Stockbrokers said: “The mining sector has hugely
outperformed the broader market over the past nine months as emerging markets
continue to demand ever-increasing amounts of commodities. Oil stocks and
related industries have also performed well.”
But which shares are tipped for success now? We asked City fund managers and
analysts to pick the companies they think can still make money.
British American Tobacco
Tobacco stocks are renowned for their ability to do well when markets are falling
because they have strong brands, consumers continue to buy cigarettes even when
conditions are tough and they are committed to growing dividends. BAT is
favoured by Richard Hunter at Hargreaves Lansdown Stockbrokers: its shares have
gained 19% over the past year to stand at £18.92 with a yield of 3.5%.
Vodafone
Investment banks say that companies paying good dividends have a better
chance of withstanding further turbulence. Last year, Vodafone, the world’s
biggest mobile-phone company, increased its dividend by 11% to 6.76p and yields
4.3%, which is high for a former growth stock. Morgan Stanley, the investment
bank, expects it to raise its dividend by 10% a year until at least 2010. The
shares have gained 15% over the past year to 159.20p.
Land Securities
Property stocks have taken a pounding over the past year: Land Securities is
down 29% from £21.61 to £15.44. However, Nick Raynor at the Share Centre, a
stockbroker, said: “The decision to split up the £15 billion Land Securities
property portfolio into three separately quoted businesses should prove
attractive. Due to the ongoing market volatility, this should be seen as a
long-term investment but is still a worthwhile buy.” The shares are yielding
3.4%.
Reckitt Benckiser
Raynor also recommends Reckitt Benckiser,
the world’s largest household cleaning-products group, which owns brands such
as Vanish and Harpic. “The company’s strategy is simple and well executed,” he
said. “As long as its core products remain strong, the constant stream of
innovations should keep sales moving upwards.” The shares have gained 6% over
the past year to £28.10 and are yielding 2%.
Thomas Cook
The global economy is slowing, household costs are rising and oil prices are
high. It doesn’t sound like a good time to back a travel group such as Thomas
Cook. But David Cumming at Standard Life said: “The negative effects of higher
fuel prices and pressure on consumer spending will be more than offset by
management actions to turn round the business.” The shares have dropped 4% over
the past year to stand at 299p and now yield 1.9%.
SHORTING EXPLAINED
CONTRACTS FOR DIFFERENCE When you trade CFDs you agree to receive the
difference between the price when the contract is opened and the price when it
is closed. If you think the value will rise, you go ‘long’. If you think it
will fall, you go ‘short’.
Say you thought shares in a company were about to drop and took out a CFD to
go short of 1,000 shares at 100p. The contract value would be £1,000, but you
would put down only about 20%. If you closed the contract at 95p, the
difference in price would be 5p and you would make £50. If it rose to 120p, you
would lose £200.
SPREAD BETS When you spread bet, the bookmaker will quote you a spread for a
share or the level of an index or asset at a given date, and you bet on how far
you think it will move above or below the spread.
Last week CMC Markets was quoting 5,933 to 5,936 for the FTSE 100 in June.
If you thought it would beat that, you could bet £10 a point above 5,936. If
you wanted to short-sell, you could bet below 5,933. If the Footsie finished at
5,900 and you had bet on it falling, you would have made £330 (£10 times 33).
If you had closed the bet at 6,000 you would have lost £670.
Wealthbabes has been in touch with various internet millionnaires to find out more about HOW to make it a reality. We have been impressed with quite a few of the offerings that are out there at the moment and have secured the licences for some of the most successful. One of our favourites is 'HOW TO MAKE A MILLION WITH E-BOOKS' If you are intersted in acquiring one of these wonderful kits READ ON:
I've just finished working my way through a new called "How To Make a Million with Ebooks". The training consists of a 7 DVD set and associated 120+ page manual. In the product it takes you from the complete basics of how to indeed earn $100,000 a year from a home eBook business. Is this really possible - YES, not only has the creator Mark done this, but we are also doing it TOO, in fact we our doing our online business with the EXACT business model that he has documented here.
To start off with he explains the fundamentals of Internet Marketing and information products. He points out that the advantage of this sort of business over many 'traditional' businesses is that they can be started with next to no budget. In the next section he goes on to explain how to identify and target the best sort of market for selling informational products If you are struggling to come up with an idea He even gives you some ideas on how to generate that 'great idea'
Next he discusses how you can make your informational product, should you write yourself or outsource to a professional writer. He also explains the different formats your informational product can be sold in - manuals, CDs, downloads, MP3, DVD, seminar etc there are also has some good ideas on creating products out of interviews with specialist in a your chosen niche, The section ends with 31 tips on creating information products, many of which are absolute nuggets ! They also cover how to price your product and how to get an army of affiliates selling it for you.
The next section looks at traffic and conversion. i.e. once you have a product how do you get people to buy it? This covers domain registration, site design etc. There is also a really good section on copywriting which gives an anatomical break down of the essential components in a good sales letter with some good examples. More advanced strategies such as pop-ups, opt-ins, audio, video and auto responders are also mentioned
The next section looks at traffic generation - i.e. getting people to your site to read your sales message. A large part of this section looks at using Google Adwords campaigns to market your products. In addition affiliate schemes, joint ventures, ezines, SEO, linking strategies PR and ebay are covered
The latter section of the workbook is a really good bibliography which has sections on essential tools, useful resources, directory of gurus in the industry.
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Right now we are offering the ultimate satisfaction warranty with this product. Basically we will send it to you. So you can take a look at the contents for a whole month. If you decide to keep it GREAT. But if you decide its not for you then just send it back and we will refund you immediately. You can't say fairer than that now can you??? We’re not sure how long we will keep this crazy offer available…
This is the best offer you've probably seen for a while, so I'd recommend you get your copy on approval now before we change our mind!
ONLY £297 TODAY - email: amanda@wealthbabes.com or call 07747 030 977 to complete your order.
Some people say it's a scary time to be buying a home or investing in the property market - however it depends which way you look at it! As the credit crunch tightens its grip, lenders are protecting themselves by tightening their lending criteria - and mortgage products are dropping like flies. But don't panic - there are still plenty of good deals on offer. Below some of the current deals are highlighted for you. There are also many specialist Buy to Let providers who are also doing great deals. For more info email:wealth@wealthbabes.com for more pointers.
What's been going on in UK Mortgage Market?
Here's a quick guide to what's going on in the housing market:
UK house prices are beginning to fall. According to the latest House Price Index from Halifax, prices fell by 2.5% in March - the biggest monthly fall since September 1992, when Britain was in the middle of a housing market crash.
Mortgage lending is slowing. Research by the Council of Mortgage Lenders indicates that there are 30% fewer loans offered for house purchases this year compared to last year.
Most lenders no longer provide 100%, deposit-free mortgage deals. Abbey - the last big bank which allowed borrowers to buy without a deposit - stopped offering these deals this week.
Only Bank of Ireland and Bristol & West (which are part of the same group) still offer 100% ‘First Start deals'. But even these come with a big caveat: your parents (or other close relatives) are held jointly responsible for the mortgage.
Cheap fixed-rate deals are being withdrawn. Last week, First Direct, the online arm of HSBC, withdrew its rates for non-customers. The lender says this is a temporary measure due to ‘unprecedented demand'... but we'll see.
There are fewer long-term fixed rates around. On April 7th, Woolwich withdrew its two and ten-year fixed rates, as well as selected five-year fixed rate deals.
Depressing stuff, isn't it? But don't despair. There are still some good deals out there if you know where to look. Here are some top tips on how to pick a mortgage deal - and which are the best deals to go for right now.
What sort of mortgage is best for you?
The right mortgage for you will very much depend on your individual circumstances. Here are the main options on offer:
A variable rate deal
This sort of deal might suit you if you have some flexibility in how much you can pay every month. There are two types of variable rate mortgages: trackers and discount rates.
A tracker will (as the name suggests!) track changes in the Bank of England Base Rate. So it will increase when the Base Rate increases, and decrease when the Base Rate falls.
And, as interest rates are expected to fall in the coming months, a tracker could be a good idea as it your monthly payments would then get smaller.
A discount rate mortgage offers you a set percentage discount off the lender's standard variable rate (SVR), usually around 2%. Often discounts appear cheaper than trackers, but do not be seduced by the rate alone. Lenders don't always drop their SVRs when the Base Rate falls, so you could lose out if you went for a discount over a tracker.
Remember, whether you opt for a tracker or a discount rate, you need to be aware that if interest rates rise over the course of your mortgage deal, so will your monthly payments.
A fixed rate deal
In this case, your payments are fixed for the course of the deal, no matter what happens to interest rates.
This sort of deal is a very good idea for borrowers who are on a tight budget and need to know exactly how much they'll be paying each month.
The flip side is, if interest rates fall your payments won't fall with them!
Timescale
Should you opt for a two-year deal or tie yourself down for longer?
With the credit crunch looking like it's going to get worse before it gets better, prioritising long-term financial security over short-term flexibility could be a good strategy.
If you opt for a deal lasting the full lifetime of your mortgage, such as a lifetime tracker, this means you don't have to go through the hassle of periodically re-mortgaging (with all the fees that involves).
And if you opt for a long-term fixed rate deal, you'll have the security of knowing what your payments will be years in advance. However, you'll be tied in for a longer period of time - and if a better deal comes up, you won't be able to remortgage without incurring a hefty financial penalty (known as an Early Repayment Charge).
The best of what's left
Here are some of the best deals still on offer:
Lender
Rate
Scheme
LTV
Fee
Early Repayment Charge (ERC)
Britannia
5.85%
2yr tracker
90%
£499
No
HSBC
5.63%
Lifetime tracker
90%
£599
No
HSBC
5.19%
2yr discount
90%
£999
2% in 1st year, 1% in 2nd year
HSBC
4.99%
2yr fixed
90%
£1,499
2% in 1st year, 1% in 2nd year
Co-Op
5.54%
10yr fixed
90%
£699
5% for the first 6 years, decreasing by 1% each year thereafter
Source: Motley Fool.com
HSBC's lifetime tracker is a good option if you're looking for competitiveness and flexibility. It combines a reasonable tracker rate with a relatively small fee of just £599 and, best of all, there's also no penalty if you do decide to remortgage early.
If you had a £150,000 mortgage and went for this deal, your monthly payments would be £932.81.
Alternatively, if you're looking for a really low rate with short-term commitment, HSBC's two-year fixed deal may appeal. On a £150,000 mortgage, the monthly payments would be just £876.01. Just remember to factor in the high fee of £1,499, and bear in mind that in two years' time, the deal will come to an end and you'll have to shop around all over again. Whether you are a first time buyer or investor the COST of borrowing has gone up tremendously when you factor in ARRANGEMENT FEES. However LONG TERM, property will still do well. What we are experiencing now has been experienced before, but on the investing side you must make sure you have a secure buffer of ideally 3 months minimum to cover your portfolio and look at changing your strategy to more of an INCOME based (CASH FLOW rich) rather than expecting property values to rise with a CAPITAL CROWTH strategy (waiting for values to go up) Capital growth will still happen but you need to be in if for the LONG term and not panic sell unless you really need to release cash or want to invest overseas where the returns are higher than the UK. If you want to talk to someone about overseas investment please email: wealth@wealthbabes.com and we'll contact you.
Unfortunately, you will need at least a 10% deposit to take advantage of these deals. If your deposit isn't quite that big, you'll probably have to pay a higher rate - so it might well be worth waiting and saving up instead. Alternatively, an indpendent mortgage adviser can give you professional advice about the deals that are left. Please contact mail@wealthbabes.com to contact our approved and tested female mortgage advisors.
Whatever deal you go for, keep a cool head, do your research thoroughly and you should still be able to find the right deal for you.
Good luck!
Wealthbabes are not qualified financial advisors by the FSA. Therefore we advise you speak to a qualified Independent Financial Advisor who is FSA registered before you commit to any financial deals.
We have been looking into excellent cash flow deals in various parts of the USA and there is definately potential. On the capital growth side its not as rosy as here in the UK. If however you have larger amounts of capital you can spare for pure cash purchases these could be the deals for you. If you are looking for more financing from US brokers you will need to look at more expensive properties that may not cash flow so well but refinancing with in a short period is also possible depending on your broker.
Well I've been doing quite a lot of research on buying in the USA and from a cash flow standpoint there is quite a lot on offer. In terms of capital value, the more expensive areas are still going to be worth investing in. I have been speaking to many people involved in the business and it sounds very interesting!
There is a lot happening at the moment and I'll keep you updated!
Worried that the Chancellor might back-track on plans to cut capital gains
tax (CGT) on property?
Judith Heywood from TimesOnline...
Investors - worried that the Chancellor might back-track on
plans to cut capital gains tax (CGT) on property - will be heartened that
Alistair Darling is pressing ahead. From April, people who own second or rental
homes will have their CGT bill cut from as much as 40 per cent of their profits
to just 18 per cent.
Agents are divided on whether buy-to-let investors, who
favour the cheaper homes once snapped up by first-time buyers, will choose to
exit the market or will sink the extra profits into yet more properties for
renovation and eventual resale.
Some believe that the new rules may offer overwhelmed
amateur investors a way out. Neil Chegwidden, head of residential research at
Jones Lang LaSalle, notes that the new regime will most benefit those who
purchased within the past two years (and would have been liable for the highest
rates of CGT under the current system). It is this group of investors - many of
them beginners, seduced by the easy money others made in the housing market,
but now aware that the market is shakier - who will be most grateful for an
opportunity for a low-cost exit.
Sadly, owner-occupiers who might have been hoping to join
the fray are increasingly frustrated by a lack of easy credit. Buyers are
increasingly facing sudden demands for larger deposits from lenders, a factor
that has caused some transactions to fail.
-----
WB Comment: This will depend very much on your strategy of course. If you have already been buying for the last 3-6 years it may be a good time to release certain parts of your portfolio. However if you have only been investing for the last 2-3 years it may be worth riding the storm. For these Long Term investors it makes sense to hold on as the market will continue to rise over the next few years. Probably not as much as it has done in the last 7 but whatever happens on the long term front I'd prefer to keep my money in bricks and mortar rather than in the bank.Even on one of our slowest growing properties - it made £7k average per year growth (minus costs)over four years for an initial £12k investment so a 200% return ain't bad.
Calculations: Not everyone is great with maths, including me! But investing and wealth creation its important to get your head around the basics. For any kind of invest ment, you need to know what return you are going to get on your money invested. In Banks the rates are anything from 4.5-6.4% gross (before tax) Unless you are taking out an ISA (tax free). For other investements, stocks and real estate in particular, its different. See the example below:
A Return on Investment (ROI) is calculated to measure the
performance of one investment relative to another. ROI is expressed as a
percentage and is based on returns over an associated time period, usually one
year. For example, a 25 percent annual ROI means that a £100 investment would
return £25 in one year. Thus, after one year, the total investment becomes
£125.
Step 1:
Write down the amount of your total investment including fees and expenses, if
any. For example, if you bought £950 worth of stock and your fees were £50,
then your total investment is £950 + £50, or £1,000.
Step 2:
Write down the amount of profit or loss associated with your investment. If
your £1,000 investment in stocks is worth £1,200 one year later, then your
profit is £1,200 - £1,000, or £200.
Step 3:
Calculate the ROI by dividing the profit by the total investment: £200/£1000 =
0.20, or a 20 percent annual ROI.
It's great to see that so many people being proactive and to seeing a growth in such Exhibitions! More choice and abundant opportunity, particularly for ladies!
I
attended the OneLife Exhibition at Kensington Olympia yesterday. It was
great! Especially the oscillating massage chairs! There were some great
seminars and lots of like minded individuals looking for a change and
to move forward with their lives! I also met lots of wonderful people
who had stands there and I intend to keep in touch. Do go and have a look!
JOSS Stone and Charlotte Church are two of the newest recruits, but they have plenty of company. Welcome to the Millionaires' Club - where women are taking over from men. POP PAYS: Kylie Minogue is leading the way among mega-rich women celebrities. Authoritative research claims there are already a quarter more women millionaires aged between 18 and 44 than men, while among the over-65 millionaires women are also in the majority.The study suggests that women's share of the nation's personal wealth will soar from 48% to 60% within 20 years. For generations, the longer lifespan of women and the resulting opportunity for inheritance from husbands has created a group of wealthy widows.However, there is also now a dynamic group of independent, astute, well-educated 'super-rich superwomen', who are outpacing men.
Apart from singers Stone and Church, mega-rich celebrities also include
Victoria Beckham, Kylie Minogue, Catherine Zeta-Jones and Dido. From commerce, the leading lights include 37-year- old Penny Streeter, founder of a recruitment business, and Emma Harrison, 41, head of the training agency A4e. Both are said to be worth more than £50m.
The survey was carried out by the Centre for Economics and Business Research, which said: 'Women are performing better in secondary, further and higher education than men, there are higher levels of home ownership among single women than single men, and longer life expectancy for women.
'These factors combined will see the growth of an influential cohort of financially powerful women in the coming years.'
THE NEW RICH: Teenage singer Joss Stone
It said that 58% of girls achieved five or more GCSEs compared with 47% of boys. Similarly, 43% of girls left school with at least two A-levels, compared with 34% of boys. A total of 3.1m entered further education, compared with 2.2m boys.
The proportion of women in work has soared from 56% in 1971 to 70% today. At the same time the figures for men has fallen back from 92% to 80%.
Although men still earn more on average than women, the pattern is changing. The average gross hourly earnings for women have risen from 63% of that paid to men in 1970 to 83% today and will reach 90% by 2025, said the CEBR.
The research shows that 63% of women aged 20 to 24 live away from their parents, compared with just 44% of men.
Other studies have found that the proportion of first-time buyers who are single women has risen from 9.8% to around 22% over the last decade.
The research was commissioned by the Liverpool Victoria, which offers a range of savings and investment products. It said the same study suggested that while women are generating wealth, they are not planning their finances and savings to secure a comfortable old age.
Article Source: Daily Mail So be one of the women that DOES PLAN their FUTURE WEALTH by getting on with taking ACTION NOW!
Dear Wealthbabes. For those of you that enjoy large networking events and being surrounded by lots of likeminded people who want to add value to themselves and others. Check out this FREE EVENT in London this weekend!
Greetings!
Please see below for
information on Christopher Howard's Breakthrough to Success weekend. If you
would like to experience a breakthrough in any area of your life, then attending
this weekend could transform your life forever. We had a few of colleaguesattended last October and they found it very
beneficial.
Two
tickets to this event are normally £1,790, but you can attend
completely complimentary as our guest.
Read on for more information and
dates, then click any of the "Enrol Now" buttons or the link below to book
yourself in. Repeat if you'd like to enrol a guest to attend with
you.
