Archive for February, 2011

Who is packing your parachute

Do you acknowledge all those that help you ?

When the caller started the conversation with “John recommended that I talk to you about ….” my first thought was who was John – which John. As the call progressed and developed into a serious business enquiry rather than just a conversation I knew that I would ask the caller for John’s full name. Read the rest of this entry

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I was just catching up after a weekend training event as you do … no email just focused on clearing the paperwork when the phone rang …. As it so often does when you are busy :) The lady on the other end asked politely was I free to talk and of course I said yes because you never know what the conversation might be about until you start it.

Some 30 minutes later we have agreed a one hour Skype call in March after my holiday to finalise plans for me to source her an HMO (House of Multiple Occupancy) in Liverpool part of a “guaranteed” rent scheme. The return on her investment is likely to be 16-25%, there is also the opportunity to reinvest some of her funds in a joint venture meaning that she will keep her capital and be able to buy another cashflowing – high returning investment every 9 months or so – very exciting.

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I have read a couple of Robert’s books and found them invaluable. When I first understood the whole concept of asset verses liability it was so illuminating, it became a business critical skill. Since understanding this concept I have over recent years been able to release equity (cash) from my home and reinvested that to produce a profit and on-going monthly cashflow.

My understanding from reading Robert Kiyosaki is that he does not favour stocks and shares as he feels that he is unable to influence the value of – or control the value of – a share (unless of course he owned the company :) ). Please help me here in case I have misunderstood.

What I have recently become aware of is just how many people I meet are trading on the stock market. At our recent training event, Make Money from Your Property Knowledge I talked through with the delegates the advantages of running a business, an MLM business, stocks and shares and of course property investment. We came to the conclusion that investing property (a tangible asset where I can influence that value) and running a business (where I can create replicable systems and leverage staff time) would give you maximum control and the best opportunity to leverage your time and your money.

I don’t know aout you – I really feel that 2011 is at last a year of opportunity, the past few years of greed and lack mentality are now over. 2011 is about abundance and supporting one another. (That feeling may have something to do with my recent return back to Ecademy Black Star too :) ). Helping one another to leverage our time, money and skills is vital to business growth and development. Please let me know if you have any thoughts on Robert Kiyosaki’s views on stocks and shares.

For me it is all about creating a property business. That is how I feel I can best combine leveraging my time, my knowledge, skill and money. It is also the best way for me to be successful – that is by applying business principles to how I run my property portfolio, my sourcing business and our training company Ways to Wealth.

 

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