I was broadcasting live on TV on Ustream today and the show will be archived at
http://www.ustream.tv/mybroadcasts/schedule/the-money-gym-live
You can also see the recording below
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Some clients questions already asked via our private Google Group:
one of the things
that I find most challenging is building any kind of income in my spare time.
So what might be useful is a place to start when maybe you only have an
hour a night to spare.
When people work full-time it is often difficult to get the energy to start
income creating in the evening.
Maybe stress the importance of small steps creating a large step/ building
momentum.
Jakki
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Sounds silly and basic but it isn’t…
I’m just terrible at paperwork. It utterly confuses me and I’m sitting in a jungle of PVIP (Probably Very Important Papers!) that makes me feel awful when I come into the office each day.
Do you know a simple way to set up a filing system so I know what vital information to keep and where to put it when it arrives in the post?
I’m sure the mess is costing me money but I really struggle to know where to start. And while I’m unique in many ways I’ll bet I’m not in this one.
Simple, clear papwerwork control; probably a lifesaver for a start up.
Hugh
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Leading on from Jakki’s question about scarcity of time, how about a show for people who feel they don’t have enough money to get started, how can a person get started when they don’t have large sums of money to invest. Nice opportunity to talk about that sexy compounding perhaps.
Also, credit ratings – misunderstood by many.
Marion
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The biggest thing for me when I started, as you may remember, was to
realise that it could mean ‘me’, and not just ‘other people’ who had
some magical powers to make money or attract money to them.
You know that a big part of me joining MG was the inspiring stories of
other women who had started small then gone on to achieve wonderful
things, thus making it ‘real’ for me. Case studies would always be
good as they are a ‘real’ and ‘human interest’ story. I am finding it
now with the other personal development things I am doing – seeing how
people really achieve the ‘impossible’ is amazing…….
Also realising that I was already wealthy as I had the magical
‘equity’, how to leverage it, and other’s money, and knowledge to make
(my) projects a reality.
You could talk for weeks on how ‘ideas’ can become ‘money’
Claire
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Being taught to identify that you are or close to being financially free is a big realisation.
As to the money gym method – it’s partly attention to what is needed to move people and having an open attitude – so looking into EFT and using that, for example as well as the use of community to help each other when stuck. Communication me thinks.
And not listening t the doom and gloom
Hazel
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I’m new to the Money Gym, only been a member for about a week or so!
Although did go to the Brett event which was very good, which has me
all fired up about how to increase the hits to my website, and then I
became stuck! I want to add a newsletter that goes out to my clients
with a subscribe button on my website, can someone give me some
advice on how they have gone about doing this, as I am lost in the
sea of stuff on the internet which seems available, or is this
something that i can use world internet office for? I just want a
simple solution and any help would be massively appreciated.
Best wishes
Debs
Naturally Healthy Coaching
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What wealth creation questions do you want answering right now?
I want to generate capital and believe it will be done in my “job”.
Savings and investing will provide me with money for educating my children in 3 years and I want to build enough capital by then – am I right?
Where are you stuck?
• Too much information.
• Wheredo you start with your money?
By the way, The Which guide to investing is a good outline, if you need resources, but I think people in their sitting rooms want to be entertained, and walk away with the nugget, “that was really interesting and I can do that and I’m going to do that this week. The Delia Sainsbury of money, watch out banks I’ve spoken.
You may want to hook up with/bounce ideas with Martin’s MS – and see what he has to say about direction? Scale the FT, what are they addressing?
I like the new smiley, grey haired chap’s advise in the FT, he chats to you, nice approach and talks from experience, what he’s doing NOW with his money, why he’s putting his money in the market ( that is because the tell tale signs of an upsurge are there).
• What happens if your other half doesn’t have the same wealth plan or mentality you have,how do you face that?
o one scenario is: women marries man, has child, man unemployed before they married, one day will make it big, sells her the dream. She in the meantime after her pilot’s career goes for a loop because of 9/11, studies like crazy and qualifies to work for GSK, great money if you do deals. He sits on the sofa, drinks lager and says how hard he works at LOOKING for a job. They are racking up insurmountable debts, while she is working all hours, picks up child, cooks dinner, and he remains sofa bound, saying one day he’ll be great and what is the problem in providing for him now when he’ll obviously find a job and o so well she won’t have to work. May be one to address – REAL scenario, based in the States.
o another: my 8 y.o. daughter is hooked on extreme makeover – have you ever seen that show? It is an inspiration to anyone. That would keep me hooked to my screen, take 1 of the above, eg. 20’s lower income, make their life a possibility and follow up in 6 months, work through the challenges, be on call to them over this time when they face their toughest challenge – oh boy – how your audience will want them to succeed.
What is your big obstacle in the road to wealth and prosperity?
ME. My mentality, my excuses, my habits, my language, my self belief, my ups, my downs, my surroundings, my utter conviction that I can do this, and to see the evidence and think I can’t because of the results, my questions about whether to start again (like a spider), to stand up, or am I just a fool, am I a dreamer, to believe again, to wipe the slate clean, and start afresh, and again it doesn’t work, dig down deep into my soul to find out why it’s not working, what is my intention and why can’t it work, what is it that doesn’t attract business, money. Am I utterly thick? Surely I could get a client?
Surely I should know by now what to do, then nothing. The silence, the digging deeper to grow, to develop, to question, the functioning, the noise of everyday life is a blur when I am in self doubt. Have I read enough books, have I gone on the right courses, am I reading the right information, have I signed up to the right groups?
Am I asking beyond myself that I should want to provide well for my family and send my girls to private schools as I want the best for them, and is that the best for them?
Then there is university, are these my wishes or theirs? I know they are mine but they have so much potential and I want to give them the best start I believe a parent can – that’s my goal.
Am I really meant for wealth, and I am happy that I have my health, my life, my family and I am blessed as I have friends that really care. There is a nagging that I cannot make it in the business world and I have to conclude at the end of the day, it must be ME.
LL
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The first thing I did when I joined The Money Gym Gold Programme was to sort out my finances as per Module 1 of the Money Gym Workout.
This took some time, not only because I physically had to find and collate all the info but because it was a major step in me admitting that it was me and only me who controlled things. And unless I was prepared to face up to this responsibility, nothing else would work.
So, as I see it, the foundation of the money gym, where it all starts, is
1. Knowing where you are financially, no matter how bad it seems
2. Learning to understand how money works and how this knowledge can be used
3. Having a network of people who, no matter how bad the situation, will understand and be able to help in a very positive way.
All about getting your head out of the sand and taking control.
Re: the credit crunch, it would be interesting to do 2 surveys, 1 of the general population and another of the money gymers asking whether they see the credit crunch/recession as an opportunity or a disaster.
The figures could provide some great marketing material.
Kate
Got the blog to work now.
Oh… and included website (to first business from Brett McF) – Warpspeed.
Ustream is great!!!
Thanks
Hi Nicola,
A lot of the time, people don’t realise how easy it is to start a business – the thought of starting a business brings up all kinds of fear and presuppositions – often there are ready made businesses with support and training for low or no financial investment like MLMs. I’m involved in Utility Warehouse which is also a great way to address the cost of food and fuel with their new 5% cashback card.
Frederic Lehrman in his Prosperity Consciousness suggests an “Imaginary Schedule” where you detail with times etc the schedule of what you need to be doing, when, and for how long, to achieve your specific goals. The idea is that even if you get distracted, or for some reason cannot do it at that time…….it’s a message to your subconscious and somehow, if you’re consistant, it gets done. I’m experimenting with that pretty successfully now 😉
Hi Nicola
Shaun Lawton here… on your MBootCamp. But stupidly missed the call, despite waiting for it.
Anyway…
What are your thoughts on “generating cashflow” to get alternative business up and running (such as internet business). Interest free c/c’s? Try for cheap loans?
I am starting a business and looking for a mentor to learn from. How do you go about finding a good mentor. I have been trying for ages now to find one any ideas?
Thanks
Jill
Hi Nicola,
I watched this afternoon’s show (well most if it, clients interruped me towards the end so will watch the recording later.)
Funny to hear your own ‘issue’ being aired! I’ve immediatly put the ‘Four File’ system into place. My aim is to clear the pile tonight and once under control look out for someone to keep it that way, at least during those periods of the year when I’m immersed in projects.
Don’t know if you, or Steve, have any idea about why I can’t get the chat window up during the webinar. I just get the message:
“ioError
reconnect…
connect to chat1.ustream.tv:667
please wait…”
but it never reconnects. Probably something daft going on in my PC!
Regards
Hugh