Audiobooks Offer

I started listening to Audiobooks about 3 years ago and at the time I was a little dubious about whether I would benefit from listening as much as reading a book. Being a visual person, I can get completely engrossed in a page of text, in a way that I thought wouldn’t be possible with an audio version. How wrong I was! I now find that whenever I’m in the car, cooking in the kitchen, or doing odd jobs around the house, I LOVE listening to audio books. There’s something very satisfying about completing a real, whole, complete BOOK (which believe me is a real achievement with four children) in the course of a month, over and above any ones I’ve also read.  

As well as being a fan of audio books, I am also a fan of Audible – the Kindle app that allows you to buy a monthly subscription and then take your pick of thousands of titles. You simply download and enjoy! There are so many topics to choose from – from investing, to property to HMOs (yes mine is also on there surprise, surprise) to cookery to yoga.

If you haven’t yet experienced the delights of Audible, I have a VERY special offer – if you join Audible this month, and buy my book ‘101 Essential Tips for Running a Professional HMO’ and download this as your FIRST Audible purchase (only about £4), I will also send you the paperback version ABSOLUTELY free! Just screenshot your purchase (or send me proof in any way possible) and your name and address, and I will pop a copy in the post to you! That way, if you decide not to keep Audible you can still keep my book. Happy listening! https://goo.gl/jpGwxM

Goals, Plans and Exponential Growth!

However BIG our goals are, if we don’t have a plan to achieve them, it is highly unlikely we’ll succeed. And if we don’t persist in them, we’ll never reap the rewards of our early investment.plan

I would like to share with you some thoughts and reflections I have had on WHY we don’t achieve our goals and HOW to ensure we do.

 

  • Know your reason WHY.

You decided have decided to invest in property to succeed! To create £5k, £10k or even more in passive income per month. Maybe so you could replace your job, your partner’s job, or to give yourself another income stream. It might have been to provide income for your retirement, or capital for your children’s future. Do you know what it is, and have you set this out where you can see it daily? What about a vision board to remind you of your reasons why?

  • Set a MEASURABLE income figure as your initial goal.

Whatever your reason WHY, you will have set yourself a goal in terms of a monthly FIGURE to achieve. This is the first obstacle to achievement that I see with a lot of people. They don’t set a NET INCOME figure that is easy to measure. Unless you set a goal that is CLEAR and measurable, how do you know if (and when) you have achieved it? If you don’t already track your net income, this needs to be one of your first actions to complete.

  • Set yourself a deadline to get to your first goal.

With no fixed income goal and no deadline, there is no point just being ACTIVE. Some people confuse ACTION with ACHIEVEMENT. Yes, you need to take massive action, but not if that is chasing your tail doing things that waste your time and are irrelevant to your goal. What are the key activities that will make you the most money in the shortest amount of time? Answer this question with truth and honesty and you are on the first very big step to making a shed more money immediately!

  • ASSESS where you are now and how far away you are from your goal.

If you’re currently achieving £1000 per month in passive income from property, and you want to get to £5k per month, the next step to identify is to agree how long you are going to give yourself to achieve another £4k per month.. This is often the hardest step to estimate as it may have taken you many years to get to £1000 net profit per month. Getting 5 times that amount may seem insurmountable! However, if you persist in taking action, and keep pushing forward you’ll experience EXPONENTIAL growth.

  • Write out a PLAN of action.

HOW will you achieve your goal of an additional £4k per month – will it be by doing 4 HMOs each giving you £1k. Or 10 mini HMOs giving you £500 per month (or maybe a Joint Venture with another investor). What will you do each month? What will you do each week? What will you do each day? I use the Darren Hardy materials to keep me clear and focused. However, I limit myself to focusing on three goals at a time which makes me much more focused and much more accountable! Ensure that your actions relate to your goals and stay focused on achieving them.

  • Remember the law of exponential growth.

Exponential growth is one of the most powerful principles in the universe. Having an intimate understanding of how it works can make you a master of money and success. On the most basic level, the principle states that the bigger something is, the faster it grows. So as you get bigger, the faster you will be able to implement and grow.

  • Stay accountable.

I recommend the Darren Hardy plan as an excellent tool for tracking your activity and progress. Only by doing this regularly, with discipline and focus will you get to your goal. I believe YOU can do it. But you need to believe that too, really believe it. For only then will you take the massive steps needed to achieve it.

 

To your growth!

Too busy to systemise your business? Or maybe you are scared of the cost of it?

Busy deskIt was a cold, rainy day – the kind of rain that drips over your nose and down your clothes and makes you sopping wet even before you’ve stepped outside. You know the kind I mean. A fairly typical summer’s day in England!

I was sitting in our home office, when Andy walked in, cup of coffee in hand. As he sat down, I glanced across at his desk. The contrast between his desk and mine was stark. Mine – covered in all sorts of paper documents – bills, mortgage statements, letters, post-it notes of to-dos that hadn’t been done and should have been done last Friday. His – a monitor, wireless keyboard, mouse and speakers. No paper, no mess, no distraction.

He sat down and put his wireless headphones on, and I started to hear the muted ‘thud, thud’ of The Gorillaz latest album. I muttered under my breath ‘GEEK’ .. and proceeded to wade through the paper on my desk, deciding the quickest way to deal with the pile was to push it all onto the floor and use it as a new form of carpet tiles. At least that way I didn’t have to look at it. And my desk was then as clear as my darling nerdy husband’s.

‘Do you have the mortgage offer for Gainsborough Road somewhere?’’ Andy asked as he moved one earpiece to hear my response.

‘Um, yes, er, definitely, I saw it this morning’ I said, knowing that it was definitely here, somewhere. The only thing was which foot was it under?

After a search of about 10 minutes I enthusiastically pulled it out from underneath the pile and placed it ceremonially on top of his keyboard.

‘Wendy we need to talk’, Andy turned to me with a serious look on his face.

‘Oh, is the offer not what you hoped for?’ I replied.

‘No, it’s not that’ he said.

‘Ah so is it that we need to buy more coffee when we’re out?’

‘No, we’re fine for coffee.’

‘So what’s bothering you babe?’ I prodded.

‘Well, you know I love you very much Wendy, but there is one thing that is starting to drive me crazy’ he said.

‘Well I know I have that effect on a lot of people’ I said, with a cheeky grin. ‘What’s the matter babe?’’

He took a deep breath, and looked me straight in the eyes, ‘the truth is, unless we sort out our systems, this office and all this paper we simply will not be able to scale up. Your desk is a tip, you can never find where anything is and you are wasting not only your own time but mine too’.

I sat in my chair, feeling totally deflated. I had worked so hard to create a portfolio of HMOs that had given us financial freedom. We now had a regular passive income of £6k per month. The last three years had been nothing but hard work and I had the evidence to show that taking massive action, managing risks that many other people wouldn’t have the courage to do, and using other people’s money could create financial freedom. I had left my job and wound down my other business to focus on this one. Andy had also been able to leave his well-paid role as a contractor.

We were supposed to be happy.

But right now, at this point in time, the last thing I was was happy. I felt annoyed at myself, annoyed at him, and annoyed with the business.

The thing is I realised that Andy was right. Deep down, I absolutely KNEW that my entrepreneurial skills were great when it came to new ideas, growth, and creating income. But on the other hand, creating a system that someone else could pick up and use and freeing up my side of the office from all that paper that I had grown to know and love – well that was NOT within my gift.

I knew I had to change, I knew the business had to change and I knew that the only answer was to systemise.

So over the next 12 weeks, Andy and I set about looking at ways that we could create a leaner, more automated, systematic and ultimately leveraged business. We wanted to employ staff, or outsource the things we didn’t like doing. But to do this we had to start moving our erratic business practices onto a much better platform.

RESULTS

Immediately we began to notice a difference. First in the time we had. We had much more of it! The little jobs, the things that I would have had to write on a post-it note and stick on the edge of my monitor just to remember them, were gone. They were contained within a system. As long as I remembered to go to the appropriate tool, I could find exactly what I wanted when I wanted it.

Soon, this impacted our profits. We had more time so we had more time to do better deals, and more deals, and find more investment. In fact in that year alone we raised over £500,000 for further HMO projects. We bought another 9 properties, and added another £3,700 to our monthly income. There was no way we could have done that if we had been stuck behind our screens or on our phones managing refurbs, tenants or payments.

Our quality of life started to improve as we had more time to exercise, to do more with our family and to R-E-L-A-X.

This was all because we had systems.

Then the best part began as we realised that with the systems we had implemented, we could create a team to manage our properties, with marginal involvement from us. So we began to recruit – first a Lettings Manager who would run the lettings side of the business, then an Operations Manager who would run the day to day aspects of the business. This then, in turn, freed up mine and Andy’s time to do other deals and to speak with investors and to pursue some of our other passions.

So HOW EXACTLY did we do this?

In systemising our business, we both agreed that the key principles we needed in a system were that it had to be

  • Simple
  • Scalable
  • Shareable
  • Suitable
  • Secure

What were the tools that we needed and how would we decide?

We realised that the process would be a three-step process. First we had to SCOPE the business and decide how to breakdown each area, then we had to SPECIFY what our business did in each of these areas, then we had to SYSTEMISE. Most of all it had to be LOW-COST or NO-COST so that we could free up our time without taking up all of our profits.

Although I can happily use a computer and mobile phone, I am not the most technical person in the world so our system had to be easy to learn and implement. The last thing I wanted was anything that needed multiple log-ins or a computer science degree to operate.

After a few weeks of searching and analysis, Andy suddenly rose up one day from his computer chair and shouted ‘Eureka’! I’ve found the exact tool that will work to help us

  • Find properties
  • Fund projects
  • Finish refurbs
  • Find Tenants
  • Future-Proof our portfolio

And that tool is…. ? If you’d like to know EXACTLY what that tool was and HOW we used it to run and grow our business (and still do to this day) and how YOU can too ….
Click here to find out more

To your success!

Wendy

How are you going to make the remaining weeks of 2017 count?

Where did 2017 go? Do you realise there aren’t many weeks left? 

 

Have you got goals that you haven’t reached? Ideas that didn’t formulate into a plan? Strategies that never took off?

 

Is it too late to do anything about this? Am I asking too many questions? (lol)

 

Now is your time to SPRINT into 2018 by making this last sixth of 2017 really count – if you haven’t got a PLAN – write one. If you haven’t found a STRATEGY – decide to go for it anyway. If you haven’t clarified your GOALS – do it NOW. Do you want to raise £100k for 2 HMOs? Do you want to find 6 cash-flowing deals that you can source and sell on? Do you want to lose 6lbs in weight? Do you want to increase your income by £2k per month? Don’t start by thinking these things are impossible. Start by writing your goals and making a plan. Then you need to activate those things on your plan by assigning times to them, deadlines and how you will stay accountable.

 

Take 30 minutes TODAY (even if it has to be at 10pm tonight) and sort out the last few weeks of this year to be BIG.

 

Yes it will require you to give up lots of things – TV, socialising, shopping, drifting, wasting time! Instead, you will need discipline, focus, commitment, determination. You will need to take MASSIVE action. But not only will it pay off this year, you will SPRINT into 2018 ready to go for it! So what are you going to do? What are you waiting for?

 

 

A great idea that I found online: Deep-clean your social media.

Over the remaining weeks, focus on upgrading the quality—not always the quantity—of your online communities. Strive to fill your screens only with content that inspires and motivates you to become a better version of yourself. Follow people and companies who post positive, encouraging messages, and unfollow any individuals or groups that aren’t conducive to your goals. Over the two-month period, you should start to notice a more constructive and motivating online environment.

 

To your growth!

Wendy

Do it, Delegate it or Ditch it!

Boring, dull, monotonous – these are often how we think of the small aspects of our lives and business aren’t they?  Many of these small things are SO important though, as like breathing, drinking water, and sleeping they create a rhythm which keeps our businesses healthy and infection-free.

I’m talking here about phonecalls (to agents, investors, contacts, leads)

And  viewings.

and replying to emails and managing paperwork.

and office organisation

or money management

and closing deals and negotiating

and managing projects and builders

Maybe room dressings and photos

and  advertising, agents, tenanting

I’m talking about maintenance and spreadsheets and tradesmen.

I’m NOT talking about MONEY IN YOUR POCKET. I’m NOT talking about PASSIVE INCOME.

[WHY? Because those things are easy and we all LOVE those benefits!!]

“BUT “– ( I can hear you say) “WHAT IF I ABSOLUTELY LOATHE DOING THOSE THINGS WENDY”?

In other words, you know they NEED to be done, so that you can MANAGE, SCALE and GROW. But you cannot face doing them?

Well in that case your small things need to be –

  • Ditched (not a choice if you are going to create passive long-term income)
  • Done by you (but only those you are GOOD at and you ENJOY)
  • Or Delegated. THIS IS THE ANSWER.

If not you will end up DEFERRING your results, DELAYING your financial freedom and DESTROYING your hope.

NONE of which I want for you.

“BUT WENDY” ( I can hear you say)” I CAN’T AFFORD TO EMPLOY SOMEONE TO DO THE THINGS I HATE” . Ok well find some other way to reward those who help you. You are an entrepreneur – draw on your creative skills and utilise those around you (and in this group) effectively!

You could

  • Pay an overseas VA such as one of these: https://www.onlinejobs.ph/
  • Swap an hour of your expertise with an hour of someone else’s office organisation skills
  • Use one of your practical skills to swap for someone else’s time
  • Share a percentage of your profits for three months with someone who helps you find a great deal

Solve someone else’s pain and in doing so, you will find your pain is solved.

Luke 6: 38 “Give, and you will receive. Your gift will return to you in full–pressed down, shaken together to make room for more, running over, and poured into your lap. The amount you give will determine the amount you get back.”