How You Got Here…Won’t Get You There! (Mindset Shifts Needed)

I’m going to be blunt. This is important, as it will make you self-aware and change your approach in life. But essentially, how you got here…won’t get you there.

What that means is that everything you have done in the past and decisions made to get to this point in your life….will not help you get to where you want to go.

So if you are not satisfied with your finances, your weight, your relationships, career or any aspect of your life – you have to review the approach you have taken so far. You have to review your daily attitude. You have to review your strategies, tactics and plans – if there are any at all, in order to set about changing things. Here are the key shifts required:

Set goals and know your why

When you set a goal, you are acknowledging to your conscious and sub-conscious that where you are, is not where you want to be. As a result, you feel dissatisfied. That’s when you have real power and motivation to achieve the goals, because pressure and tension drive human behavior.

Set goals explicitly, and also be clear why you want them. How will they make you feel? This is important because the purpose of the goal is much stronger than the outcome. The purpose of goals is what they will make of you as a person. Because at the end of your life, what’s important is who you are as a person.

So enjoy the process, and don’t get too hung up on the outcome…it’s more sustainable that way.

Also ask yourself how would you feel and what would it cost you if you didn’t achieve the goals? Tony Robbins suggests setting goals twice a year, review the goals monthly and review your top goals daily.

Mentors

To get to where you want to be, you need to surround yourself with people who have been through a similar path and have been there and done it. Having a mentor is so important as you need role models and someone to pick you up if you stray. Surround yourself with books, attend courses, and listen to podcasts that are aligned with your goals.

In fact, it has been proven that listening to someone speak through audio, i.e. a recording or podcast, has the same effect as if that person was sitting next to you. You want to immerse yourself into powerful podcasts! Ex-monk Jay Shetty and life-coaches Satori Prime have awesome, inspiring podcasts I highly recommend.

Momentum

Daily tasks and routine leads to consistency, which leads to momentum.


“When you experience positive momentum, you’ll never want it to stop.” — Dan Sullivan, founder of Strategic Coach

You will notice that successful people keep progressing and conquering goal after goal. They’ve worked hard to develop their momentum and know what it feels like to not have momentum. Being without momentum is rough. It’s how most people live their lives. And without momentum, results are minimal, even with lots of effort.

This is why consistency is key to developing momentum. By putting intentional effort toward a singular goal or vision, and eventually, the compound effect takes over, and you find that your reward is beyond what you expected.

So the key shift you need to make is setting aside time daily to work towards your goal. This time needs to be pre-scheduled and allows for your full focus and determination. Continuous work and practice at anything will eventually allow you to master whatever it is. Author Malcolm Gladwell’s research based on review of successful people, states that 10,000 hours of repetitive effort is required to become an expert at anything.

Think bigger!

This is an important shift, because we don’t always allow ourselves to dream. Remember there is no boundary to what is possible. Instead of seeking to earn £100k a year, why not aim for £1m a year. There’s no rule out there or judgement of you that says you’re not allowed to achieve that target. The universe can deliver whatever you want. Instead of setting a time horizon of 2 years, why not achieving it in 6 months?

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By thinking big, your brain automatically starts to think about the steps and tactics to take so you are positioned to achieve those big goals. And a huge part of this, is to reconfigure your reticular activating system (RAS) using visualization.

In any case, by setting larger goals you will find that you will surpass your initial, smaller goal at a much swifter pace. Consider that….

When I started my online venture, I realized that I had to make some shifts in my daily habit, take action and and changes my mindset. Some examples include;

  • Scheduling time in the morning, afternoon and late evening to work and acquire skills
  • Visualization and meditation
  • Getting a new laptop
  • Buying a camera tripod
  • Going beyond my comfort zone
  • Using downtime to mastermind and research
  • Ensure my fitness goals weren’t being sacrificed.
man sitting on cliff feeling free

Remember, where you are in your life at this moment is down to the decisions and choices you made. All it takes is a mindset shift and your path can easily change to one of freedom, choice and fulfillment.

Click here to learn about an Entrepreneurial mindset and valuable online marketing skills to start your own profitable digital business.

Best wishes

6 Reasons Why Rental Property Is Always A Winner

There are a whole host of investments out there, each with unique risk, liquidity and feasibility characteristics. I firmly believe in diversifying your portfolio, but for this post I want to share why I’m a fan of property investment and think that it’s something everyone should and can invest in. Not forgetting its an actual physical asset you can touch and feel – here are my 6 reasons;

Steady income with tax deductible expenses

The rental income you get on property investment provides a source of steady, passive income. This is unlike equity investments where not all companies pay out a dividend. In addition, you have control over the property (i.e choice of tenants, renovation, structure) whereas with equities – you have a negligible, if any influence over the strategic, operational or financial decisions of the company!

Owning a rental property is like owning a business, in that pretty much all expenses related to running the property are deductible from the rental income – which lowers your tax bill. Of course, there is no escaping property taxes but you can be smart and optimize your tax deductible expenses….legally.

Tenant pays down your mortgage

Most people take out a loan secured on their rental property, i.e. a mortgage – in order to purchase the property. As part of the loan, there will be monthly payments – which will include a mixture of loan repayment and interest. To service these payments, you rent out the property to earn rental income, and essentially this income covers the monthly mortgage payment and (hopefully) leaves a surplus/profit every month.

So basically, your tenants are paying off your mortgage. As a result, your outstanding loan reduces and the interest on that loan becomes lower (due to a lower loan balance). In time, you may increase the rent due to either a buoyant rental market or through your additional work/renovations you carried on the property.

Through this combination of lower monthly loan repayments and higher rent, your profits and cashflow increases. Eventually you want to get to a position where your rent pays off the entire mortgage, and you no longer owe the bank. This takes time, but it can be sped up with lump sum down payments where possible. T

The aim should be to get the property free of debt – making it a low risk, high return strategy in the long-run.

Inflation hedge

Property prices like most markets are subject to economic cycles and the micro-economics of supply and demand. However if you are prepared to stay invested in property for the long haul, you will find that the real returns of property are positive, i.e. after adjusted for inflation effects – the rental and capital appreciation of a property exceed the inflation rate.

This is not the case for all equities or fixed income investments. For the last 40 years both the US and UK residential property market returns have exceeded the rate of inflation. This particularly is due to the progressive increase in property prices rather than rental yields. Of course, the returns vary within regions, and that’s where location becomes a huge factor in your property investment strategy.

Sail through those economic cycles

Consider these economic scenarios that illustrate that if held over the long term, your property investment is a safe bet:

  1. Low interest rate environment => Cheaper to borrow/refinance mortgage => more house purchases => house prices increase. GOOD FOR LANDLORDS
  2. Higher interest rate environment => More expensive to borrow => fewer house purchases => mortgage payments higher => people more inclined to rent. GOOD FOR LANDLORDS
  3. Supply of housing exceeds demand => House prices stagnate/reduce => more purchases due to lower prices => eventually pushes up house prices. GOOD FOR LANDLORDS.
  4. Demand for housing exceeding supply => Can be good for house prices, rent or both. GREAT FOR LANDLORDS!

Of course, the above is just a basic implication model, and there are other factors that can contribute to the housing market, i.e. regional housing micro-structure, global credit event (i.e. Credit Crunch of 2008-2010), rental ceilings, property taxes etc.

Ariel view of properties

Leverage!

A key feature of property investing is the ability to benefit from ‘leverage’.

For example, to buy a £200,000 property would cost you just £62,000 (assuming 25% mortgage, £5k refurb, and £2k legal costs) rather than the full £207,000.

If the property price then increased over two years to £250,000, upon selling the property you’d receive £100,000 (£250,000 – £150,000 outstanding mortgage), a phenomenal 61.2% return on cash invested, while also receiving rental income.

While this is true, the reverse also holds. If the property value declines from £200,000 the investor experiences negative equity and his/her loss on investment is also amplified due to leveraging (borrowing).

Of course, the recent stamp duty changes and tax laws introduced by the UK Government on buy-to-let property has significantly reduced cashflow for landlords. As a result, investors have become less incentivized to acquire further properties fulfilling the Government’s intentions. Despite this, there are still many property investment strategies available to investors, including;

  • ‘Flipping’ (developing and selling the property in the short term)
  • House in Multiple Occupation (HMO)
  • Short-term lets including Air-BnB
  • REITs (Real Estate Investment Trusts)
  • Crowdfunding (see below)

On a budget…try Crowdfunding

Owning properties is great, but with the higher deposit requirement for buy-to-lets or rental properties, it means you can have a lot of capital tied into one property…not forgetting the taxes and any refurbishment costs.

Real estate crowdfunding allows you to invest in real estate along with other investors, usually through a platform that will propose real estate deals and take care of all the work, like listing deals, doing all the legal work, and then managing the property. This allows you to invest as little as £1,000 into a residential or commercial real estate project for potentially 8 – 13% annual returns based off historical data.

This beats the return from £1000 in your savings account! With real estate crowdfunding investing, there’s also physical asset that’s backing your investment – similar to direct investing.

In addition, crowdfunding is great for people who want the hassle of tenants or renovations and essentially want a ‘hands off’ approach once the investment is made.

Essentially, it allows an investor to invest in a variety of property deals (residential, commercial, industrial) with a much lower capital injection. Click here for a list of recommended crowdfunding platforms.

What about the recession?

The last recession in 2008 onwards was driven by irresponsible lending to house buyers, complex credit products and greed. On top of that, the banks and lenders had rubbish capital buffers and so suffered wild losses – and had to be bailed out, severely affecting the markets, economy and consumer confidence. This time around there is more regulatory scrutiny over financial products, lending and bank capital adequacy. In other words, we are unlikely to see large corrections in house prices – although that’s not to say they won’t be affected.

Consumer confidence is hit in a recession and people are less likely to spend and invest, which reduces house prices. And the property investor needs to be prepared to ride these out – especially if s/he doesn’t have a need to sell. Note that a recessionary environment also provides opportunity to purchase assets at a discount!

I would always recommend investing in property for the above reasons. Refer to Global Property Guide for a useful source on property trends, statistics and news across the world. As mentioned at the top of this article, rental properties should form part of a diversified portfolio thus aiming to spread risk. Of course, all investments should be entered with a thorough due diligence.

Property investment is a great way to generate a passive income. Another way is through a profitable, online business. If you are keen to learn about setting up an online presence, developing unique digital marketing skills and generating an impressive income online, click here to get started!

Best

Why An Employee Struggles To Buy Their Dream House….Even An Investment Banker!

After working in the corporate finance sector for over 13 years, I’ve had some realizations when it comes to money and wealth. An employee, even a fairy well-paid employee may struggle to truly create the life that he or she desires from their employment alone. You see, I define financial wealth as having the capacity to acquire those dream assets, like the house or the car or the holiday home abroad with just cash and no loans or mortgage.

When I was a kid, I always viewed owning the £1m house as being the benchmark for being truly wealthy. Of course, with inflation a £1m house today may be worth £5m in the future – and in that same future, £1m doesn’t buy you alot. But essentially everybody’s dream home and desires are different. I just use a home as an example because it is almost always the biggest ticket item people want to purchase.

beautiful bedroom overlooking beach and sea
My dream view

And I specifically selected the salaries of a UK and US Investment Banker as they are the highest paid professions in Finance, and I want to illustrate that despite their earnings and status – it’s harder to acquire that £1m (or $1.5m) house with CASH ONLY – no mortgage.

I’ve put together 2 tables – one for the UK Banker, and one for the US Banker. The tables show how with age, the banker’s savings accumlate alongside the change in house prices.

This is only a model, and I have inserted my assumptions below each table – the key being that both bankers save away 20% of their annual salary;

UK Investment Banker financial path:

Assumptions: Salary & bonus growth at 15% annually, UK tax rates for 18/19, Personal savings rates of 20%, No interest on savings, UK inflation at 2%, Annualized house price growth is 3.7%. No other investments or sources of income.

US Investment Banker financial path:


Assumptions: Salary & bonus growth at 15% annually, US effective tax rates for 2018, Personal savings rates of 20%, No interest on savings, US inflation at 3.22%, Annualized house price growth is 5.4%. No other investments or sources of income.

From the UK table, it would take the employee (starting at a £40k salary) 34 years before they have acquired enough savings (£3.49m) before they can afford that same £1m house – which is now valued at £3.316m after 34 years.

From the US table, it would take the employee (starting at a $60k salary) 42 years before they have acquired enough savings (£13.12m) before they can afford that same $1.5m house – which is now valued at £12.958m after 42 years.

This line graph summarizes how the accumulated savings largely lag the house value over time;

You may look at my total compensation figures and find them to be conservative. But you gotta bear in mind the economic cycles, burnout and structural changes to the industry. Again, this is purely a model with my own researched assumptions. Even, the savings rate of 20% is an average. Some people save almost nothing and purely rely on living pay check to pay check.

Of course, after 34 or 42 years, and with that kind of savings, the banker may choose to buy a property elsewhere where there is more value for money or even downsize. But, the point is that, upon seeing their dream house (valued at £1m or $1.5m) when the budding banker was 21, it would take them a helluva time before they can pay for it outright in cash.

Sure, the banker can still take out a mortgage to make up the shortfall at any time during his career to buy the dream house. But it would just mean continuing to work for another 10 or 15 year to meet the mortgage payments.

Entrepreneurship

The above data illustrates that an employee (with no other investments or income sources), will struggle to purchase their dream asset if they were paying for it in cash. However, being an Entrepreneur and owning several businesses and sources of income can help you achieve this goal.

Sure, the business owner may not pay himself much in comparison to the earnings of a top ranking Investment Banker, however the benefits of having multiple sources of income are as follows;

  1. Not subject to economic downturns as much as an employee, who may lose their job. The Entrepreneur can rely on other sources of income if one or two take a hit;
  2. Not working for anyone else. Be your own boss. As a result, take as much time as you need off;
  3. As a business owner, you have controlling ownership in your company which leads to my next defining point…
  4. More chance of huge cashflow or liquidity events. What this means is that one of your businesses could eventually be sold or partially sold for seven-figures if it’s a successful venture and has been creating huge value for customers. Alternatively, a minority stake in your overall portfolio company can be sold to investors. These events create huge windfalls and allow the Entrepreneur to purchase those dream assets much earlier. And they don’t have to one-offs either.
  5. Another benefit of entrepreneurship is the incredible satisfaction you gain from creating something out of nothing. Having the freedom to do whatever you want provides for tremendous happiness as well.

I highly recommend that everyone should start their own business, and in particular – an internet business to leverage the lucrative digital economy. There are so many ways to make money online (refer to my post to ‘4 Realistic Ways To Make Money Online‘) as well as;

  • Blogging (written and video)
  • E-book
  • Online training courses
  • Downloadable templates
  • Video subscription

You definitely need to start by creating your own website, create a blog and build your brand and potentially access over three billion people online. And you can do this so easily and cheaply these days.

If you would like to make the first step to creating your online business, and learn how to market effectively online, click here to access a free video series workshop that will really open your eyes to the possibilities for making money. You will wonder why you didn’t start this process earlier! In fact, that’s something I always ask myself, especially having gone through the traditional route of academics and employment.

Take the first step to your freedom friend.

Best of luck

Why I Fu*&king Hate The Corporate Job

AFTER WORKING IN THE CORPORATE FINANCE WORLD for 13 years, I wanted to list out those pain points which has drove me mad and encouraged me to look for an alternative way of working. I’m sure some or all of these will resonate with you!

uncomfortable mn adjusting his tie.

The Daily Grind

Having to conform to working hours just doesn’t stick with me. You have to arrange your life around the 9am-5pm workday and sometimes longer. Each day feels like groundhog day with your only respite being a vacation or a sick day. Even after that you’re back into the usual grove – or should I say rut!

Don’t get me wrong, it’s good to have a schedule and a certain amount of predictability in your life, but wouldn’t you rather work flexibly, waking up as you choose and during hours that suit you?

No winning with bosses

I’ve had my fair share of bosses during my time! Some are complete assholes, some are smiley but assholes and others are just a drip. I’ve had bosses that say one thing, but then change tack later and expect you to have known what they’re thinking and adapt. You can either speak out and get ear-marked for no progression, or stay silent and suffer.

Don’t get me wrong – I’ve had some wonderful bosses too. Men and women that see your value and let you run with projects, and let you work your own way in your own style. The key is that they trust me and know that i’ll keep them informed of my progress.

But. Wouldn’t you rather be your own boss? Making your own decisions for the direction of your enterprise and not answer to anyone but you?

Don’t see the value in my work

This is a particular pain point for me. I feel that it is very important that your work has an end goal, i.e. to provide value to a client, assist a colleague or to represent the progress your company has made. When I can’t make the connection between my work and how it benefits the business, clients and wider community – then I am very demotivated to perform that piece of work.

Of course there will always be administrative tasks that you can’t avoid, but my gripe is with the core purpose of your job.

An example of this was when I worked an Internal Auditor at a big 4 accountancy firm when I first graduated. We used to produce report after report for banks, investment firms, asset managers concluding on their risks and business controls. However we hardly scratched the surface of their business, and the recommendations we provided were just laughable! I felt so embarrassed during the closing meetings when my seniors were sharing our findings and recommendations with the client.

The way I saw it was that this client has paid the firm thousands for a recommendation that says ‘must sign this document’. I couldn’t see the value we (the accountancy firm) was providing!

This is why it is so important for me to be working on projects that I find fulfilling and will add value. For me, clean water is a problem for many countries around the world. I hope to one day provide a solution or product that can allow people to drink and wash with clean water.

Long ass commute

Another thing that sucks the life out of me is a long commute. Especially on the London tube network! It just eats up alot of time, not to mention rude people with no concept of personal space. I now make sure that when commuting (2 hrs door to door), that I’m making use of that time either by listening to developmental podcasts, jotting my thoughts, reading useful articles.

But there’s so much more to be achieved in those 4 hours. This is another core reason why I’ve sought an online business where I can work from home and avoid that dreaded commute. The commute just takes away time from what is important to me, i.e. family, friends, fitness and my business.

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Lack of learning and developing

Working in a traditional economy as I have teaches you many things. What is doesn’t teach you is the skills needed for the digital economy. More and more products and services are marketed and sold on the internet, and there are so many tools and skills that I feel I was missing out on by working as a Auditor/Risk Manager/Trader/Consultant.

With the digital economy surpassing the traditional economy for some sectors, it’s a matter of time before most business will be facilitated online.

AND some of the skills to be learned are;

  • Website building
  • Marketing
  • Video creation
  • E-commerce
  • Developing and servicing leads
  • SEO (search engine optimization)
  • Social media platforms for business

Having joined the online community – SFM (Six Figure Mentors), I have already developed so many of the above skills and am still learning. I was taken through a step-by-step process to set up my online business and I am excited by the possibilities ahead, one which will include quitting my job for the reasons given above!

And by the way, as an Entrepreneur you learn so much about yourself and your mindset, like how you react to adversity, pressure, what motivates you, etc. Stuff that you wouldn’t identify as an employee.

If you’re also struggling with the mundane corporate world and resonate with my reasons above, I highly recommend that you join me on the path I have taken – by clicking here.

I will gladly introduce you to my mentors who provide a free video series to get you up and running with your own online, profitable business.

It’s an opportunity you CANNOT afford to miss out on.

Best

Imagine and achieve your goals

If you want to achieve your goals, you must become a master at visualization. Only then can you imagine and achieve your goals! This is backed up by science and research. Hear me out…

Reticular Activating System

You see, your brain has a network of neurons that connect the spinal chord with the brain and mediates the consciousness and behaviour. It’s called a Reticular Activating System (RAS). It is essentially a filter system. A system that allows certain information into your brain, and blocks out other information. Who programmed it? WE DID! And also our experiences and people from our past.

If you think you are unloveable, then your RAS will go through the day and point out to you – any evidence that you are unloveable. If you think you are bad at speeches, you probably will be. The RAS will look for information and external factors to confirm this belief to you. Your brain is looking out for it.

It is like a confirmation bias. Just like when you read the news – you notice those news items that agree with your beliefs.

The purpose of the RAS is to not let all information in. If your brain took in everything at equal value, your brain would explode. The RAS protects your brain and only lets in things that we agree with, like or need at that moment in time. For example, the RAS is the reason why we can ignore the sound of the train, or a crowd of people – but instantly snap to attention when someone says your name.

Visualization

As the RAS seeks information that confirms our beliefs, including limiting beliefs, we basically need to reprogramme our RAS in order to achieve our goals. Because once you reconfigure you RAS, you brain spots opportunity or a pathway that you probably didn’t notice before. And visualization is the key strategy.

If your goal is to lose weight – visualize what your life would like and visualize how you feel when you imagine the picture of you. If your goal is to be successful in your online business, then visualize how your life would change from achieving this goal. I follow these two small steps:

Step 1

Close your eyes, and spend 30 seconds building a picture of yourself going to the gym, or smiling when looking at your bank statement, or the relief from leaving bad relationships. Pick one aspect of your life and focus on it for 30 seconds. Be sure to concentrate on all the small details.

Step 2

Consciously feel the emotions you have. This may be feeling grateful, full of confidence, full of energy, happy. Imagine you are watching yourself with those emotions etched on your face. Imagine it, and see it.

eye

By visualizing our goals in the above steps, we are training our brain to have a different filter. Especially if you visualize consistently and intensely. Our brain can’t tell the difference between the bad things that actually happened to you, and the imagined thoughts you are creating by visualizing.  Your brain encodes a vision/imagination as a real memory, thus changing your RAS.

The more you visualize things, the greater your confidence as you start acting in the mode of having or nearly achieved that goal. And it only takes 30 seconds a day.

Studies suggest that simply visualizing yourself doing things helps to develop the skills and improves the skills – just as you were actually doing it. Visualization develop skills. The more we visualize, the more we believe it is true, and we sub-consciously just do it. We just grasp the opportunity, we speak up.

Every day for the next 30 days, spend 30 seconds to visualize;

  1. What it looks like when you achieve your monetary goals
  2. How does it feel? To see your bank statement, putting a down payment for a house, sacking your boss? It feels great! Savour that feeling!

When you visualize, you are reprogramming your RAS and changing the filter so that it is spotting opportunity, helping you see evidence that you are confident and that you can do this.

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My own results from visualization

I have personally used visualization and continue to do every day. My aim is to change my RAS so that I am seeing opportunities and pathways to help achieve the goals I set. In the past, I have used visualization because I wanted a particular job, a girl I liked, investment properties and a higher salaried job. All of these wishes became reality.

Daily, I visualize my ideal day as a result of being successful in my online business. This mindset work is extremely beneficial, but in addition I joined an online community that teaches me to earn while I’m learning digital marketing skills. The information has been valuable, and if you’re someone who is also seeking freedom from the corporate life and wants to start an online business, I encourage you to click on this link and take the same path I am currently on.

Best wishes

4 Realistic Ways To Make Money Online

For many people, making money online represent the ideal way to live a life of freedom from having more time and choices. But at the same time, there’s a misconception that you need to have wonderful technical skills, a flashy website, an in-demand and hot product, a support team and a warehouse to house stock. And so, as brilliant as it sounds, an online business sounds like a pipe dream to many.

The internet is full of great ideas for creating wealth, and some not-so-great ones. As with anything, each avenue or path requires an investment of your time and resources in order to launch it, make mistakes, learn, implement and repeat. The thing is, a lot of people overestimate what they can achieve in a month, and underestimate what can be achieved in a year. In other words, consistent work over the medium to long term is required to make an online venture profitable.

As a serious online entrepreneur myself, I want to give you my view on the 4 modern ways to make money online;

Create your brand and sell it on Amazon

The market-place is so fragmented these days. It used to be that there were a handful of names or go-to brands if you wanted to buy a certain product. People are less brand-conscious and are willing to consider other brands if the product meets their quality and price needs.

Amazon has certainly helped change the landscape. Amazon is comprised primarily of individuals and small companies as the Amazon platform has enable them to efficiently and effectively brand, market and sell their products. And it’s so easy!

If you wanted to start a clothing business, i.e. gym-wear, you can easily design and brand the product using a supplier from China or Turkey for example, and get it drop-shipped (i.e. no need to hold stock in your garage or bedroom!) directly from Amazon’s warehouse to the customer when you make the sale on Amazon.

Of course, marketing is key when selling anything. The community that I am part of offer extensive training and support from world-class marketers for;

  • Developing your brand and product
  • Sourcing your product efficiently
  • Identifying a target market
  • Marketing and selling to that target market using Amazon.

If you’re more than interested in this type of business (i.e e-commerce) – which by the way, is highly profitable if done properly, then I urge you to click here and watch a free video series workshop where my mentor Stuart Ross walks you through this type of business.

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Affiliate marketing

Affiliate marketing is where you advertise other company’s products and services in return for a commission. There are a range of affiliate companies, i.e. ClickBank, Commission Junction where you can source products and proceed to advertise on your own site or blog. Other large vendors such as Amazon also offer a terrific affiliate marketing program. Essentially, you need to ensure that the products and services you promote are congruent with the niche or sector of whatever you offer. So if you’re a photographer, you may advertise certain cameras or camera bags on your site – and pick up commission if the reader clicks on the affiliate link and buys that product. Note that you should have used that product or service before and would highly recommend it.

This type of strategy is fantastic for individuals that are time constrained, maybe because they have a full-time job or a family. Additionally there is little ‘after-sales’ work required. So it suits an employee who works long hours or has many other commitments, and is seeking passive income.

There are some affiliate programs that pay large or ‘high ticket’ commissions. In fact, if you are keen to learn more about the benefits of Affiliate Marketing so that you can create a passive income from high ticket commission and leave your full-time job – I would highly recommend you click here to watch a free video series workshop to develop these skills.

Online courses (inc. ebooks)

Did you know that according to research firm GI Analysts, global e-learning revenue is expected to be grow to $325bn by 2025? With so many people opting for an online course due to its accessibility, wide range of options and ease of assessing course ratings/credibility – you can see why its a great option. And surely, you’d want to be a part of that $325bn revenue?

You may be asking, “what could I possibly teach?” Or you may well have a skill-set already. What is more relevant though, is what would your market want? If you identify a subject-matter that there is no course for – approach with caution. You see, you’d want to start a course for which there is competition! Because that means that people are interested in that subject/skill, i.e. there’s a demand for it that will probably last for a long time. Essentially people buy courses because they have a problem or pain that they can’t solve. So its worth doing your market research.

Why? Because once you’ve identified that people want to learn/know, then you can spend the initial time and money to develop your course, price it at a suitable level based on the value provided – and then minimal (or no) work is required from you on the course content after that. It’s passive income coming in every month – which could soon become substantial IF you market and promote the course well enough.

The course can be in the form of video, slides or an ebook. I would recommend Teachable as a great resource for creating online courses.

Sponsored Posts

Have you noticed when watching certain videos on YouTube that the host would drop in (sometimes more than once) products that he or she uses, and would recommend you buy? Essentially, the host (if they have a large following/subscriber list) will have been approached by a brand (say men’s shaver) and offered money to promote and use the product in their video. This is an example of a sponsored post – and is definitely worth pursuing if you have a strong or niche social media following.

Essentially, companies pay bloggers, social media influencers, YouTube stars to promote their products and services. Not a bad shout if you’re in that position!

Conclusion

The above methods can deliver fantastic returns with the right marketing. When starting out, I would suggest focusing on one strategy and testing it, adjusting it, seeking advice from mentors and scaling up. Once you are earning well, you can learn about other strategies, i.e. e-commerce and creating courses or webinars.

The community that I am part of offers significant training in these strategies and mentoring to students in order to help them create a profitable online business. Many have created have been able to quit their jobs and live the life they envisioned. Click here to learn more!

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Balancing An Online Venture And External Commitments

Balancing an online venture with external commitments can be a struggle, and you may feel that you are not able to give as much attention to a lot of areas in your life. It’s a balancing act, but managed effectively can be highly rewarding.

When i started out on my journey to create an online business venture, i was full of energy, excitement and optimism about the possibilities and my vision for the future. After all, the reason i went down the path to create an online business was to fulfill my long held dreams.

With a vision in mind, you naturally start thinking about your goals (short, medium, long term), before you direct your focus on the practical strategies to achieve those goals, for example;

  • create a mindmap;
  • develop a website;
  • blogging and creating content;
  • marketing
  • follow-up/respond to leads/customers
  • meet and network with like minded people

All of the above definitely requires investing in time and money, as well as following through on your tasks/goals to ensure you’re on top of your venture. However your loved ones will want your time, and no doubt you’ll want to spend time with them. I initially struggled to make time for my family during the initial, enthusiastic phase of the online business when I just wanted to continue on full speed ahead. Balancing an online business and external commitments was tricky.

I have a 2 year old son and i was leaving home early for work and coming back late in the evening. In the evening, i would spend half an hour with my son (if that) before putting him to sleep, then eat dinner, do bits and pieces around the house, and then spend time catching up with my wife. As you can imagine i was exhausted to work on my online business as enthusiastic as i was about it!

While working in a Wealth Management firm, it was tricky to do anything towards my online business at work- due to deadlines, meetings, requests from the boss, etc.

So here is what i learned about juggling my business and my family;

Get the support of family members, namely your partner.

Explicitly say to your partner that I will work on my business at such and such time in the morning/evening during the week, and at certain times on the weekend. This creates a level of expectancy and understanding when you are deep into your laptop, and when you might have forgotten to do a certain chore or task.

Man working on laptop for his online business
Man working on online business

Having the support of your wife, husband, girlfriend or boyfriend also gives you the assurance that someone has your back and can pick you up if needed.

Use downtime effectively

If you’re serious about the growth of your business, you will probably be thinking about it constantly. Action is also vital, so always make sure that if you’re commuting, cooking, waiting at the clinic, i.e. you have downtime, then can use that time effectively. This may be in the form of learning, i.e. a podcast, a training course, a webinar, reading an article – or it may be a call with a customer or a mentor to seek advice. Technology has enabled us to do so much more from our phones, so my advice would be to make the most of it. For example, as a Six Figures Mentor member there is so much online marketing and mindset training content available, so while driving I will always training playing in the background and continue to feed my intellect.

One of my mottos is ‘Learn, Implement, Teach’, so if you can do any of those 3 during your downtime then you and your business benefits!

Whatever task you do, do it properly

How you treat any area of your life will usually be the same way you treat and manage another area of your life. For example, if you’re a procrastinator at work , then you’re likely to be procrastinating on your chores at home. The same underlying mindset is inherent across your life.

On that basis, even if you’re excited about your new online venture and will give it the focus to make it succeed, then also make sure you apply the same diligence and effort in other aspects of your life. You want a balanced life, and that means focusing on one thing at a time and giving it your all.

In other words, set time aside with your children and spend quality time with them, and don’t dip in and out of emails, or take a call. And when it comes to working on your online business – then give that your full attention.

Health is wealth

Balancing an online business and external commitments requires proper planning and a good physical state. If you’re not eating well, drinking enough water, exercising or getting enough sleep – it will not be sustainable for you to juggle all your tasks, and something will suffer.

Set aside time to exercise daily. Robin Sharma (writer of The Monk Who Sold His Ferrari) states that best time to exercise is in the morning as it releases BDNF (brain-derived neurotrophic factor) that repairs brain cells from stress, and increases your metabolic rate to give you energy. So start sweating!

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Stay Committed

Continue to believe in your online business, and know that you have the innate talent, self-confidence and work ethic to keep plugging away. Every little, every day helps and before you know it – you will look back to a year ago and notice a drastic improvement.

AND if you don’t move ahead, you’ll still be sitting in that same office in 10 years, doing the same thing, making incremental more money per year. And that’s fine, if that’s what you want to do – but since you’re here I very much doubt it.

If you’re interested in learning about the online business that I’m creating, please click here and I’ll send you a free video workshop series presented by my mentor.

Thanks for taking the time to learn how to balance an online venture with external commitments.

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The Economic Machine

World economics and macro finance can seem like a complex web of interdependancies, especially when combined with the roller coast that is the financial markets.

As someone who has a background in Finance and Investing, one of my favourite ever videos to summarize growth, interest rates, inflation and the economic cycles is ‘How the Economic Machine Works’ by ex-Hedge Fund Manager and Best Selling Author – Ray Dalio. It’s only 30min long but a great resource for students, non-finance people and seasoned economists/investors. I highly recommend it.

Ray Dalio gave up his role as CEO for Bridgewater Associates in 2011. Bridgewater is the longest running hedge fund in the world with approximately £120bn in AUM. Dalio is one of my investment gurus as he has the ability to break things down and simplify concepts. It’s one of the cornerstones of the success of Bridgewater – which has a reputation for being a challenging but innovative environment. Their results speak for themselves.

Dalio said that the ‘How the Economic Machine Works’ model has guided Bridgewater for over 30 years.

Here it is!

Personally, I like to use this model for;

  • Understanding where we currently are in the economic cycle;
  • What are the macro economic features of our position in the cycle, i.e. high inflation, low growth?
  • Assessing where I should position my investment portfolio in terms of macro assets, i.e equities, cash, gold, etc – in preparation for the next cycle.

Enjoy!

How Your Ego Is Holding You Back From Achieving Your Best

What is the Ego?

Your Ego is a part of you, but at the same time it can be separate to you. It is usually on auto-pilot and ticking away as part of your sub-conscious. The sub-conscious is part of your mind that isn’t in current focal awareness. For example, when you’re driving a car, those gear changes and tiny movements of the steering wheel while you’re thinking about something else….that’s your sub-conscious driving the car.

The ego is never satisfied. It’s always seeking more. It is defined as a person’s sense of self-esteem or self-importance. More material items, more money, better possessions and experiences. As a result, the ego borders on greed especially with its glass half-full attitude. In fact, any negative experiences you go through in life are a contradiction to the ego’s beliefs. For example, if you hurt yourself that’s your ego saying ‘i shouldn’t be in pain’, if you lose money that’s your ego saying ‘i shouldn’t be suffering losses’. When your business suffers your ego says ‘this was not supposed to happen’ – and it becomes easy to revert to your default setting. This is how your ego holds you back from achieving your best.

Ego driven?

The majority of humans have their ego running their life and are essentially passengers. It may well be that in some areas of our life we are the passenger, and in other areas we are the drivers. The key is to be the driver in all areas of our life – but you have to look within yourself to achieve change . However, once people decide that change is needed, they don’t follow through. Why? Because the ego is lazy, and it knows that we can survive life in a default setting so why bother changing?

If our goal was to lose weight – you may intend to achieve change by exercising regularly. But no transformation is easy, so at any sign of hardship the ego will question the transformation and urge you to give it up. It uses avoidance tactics and makes excuses! Similarly for mediating. You will set aside 10 minutes every morning upon waking to meditate. However, you find yourself hitting the snooze button on day 1, day 2…and so on. Why? Because your ego is seeking the easy option.

Follow through

Your desire needs to be stronger than your ego and this takes discipline. Essentially, you need to ask yourself “am i serious and committed to this change?”. Your word needs to be absolute as you don’t want your ego to hold you back.

When you don’t follow through on a practice, you are telling your ego that you’re not committed and are feeding more power to the ego. This applies to pretty much any aspect of your life that you feel isn’t amazing, i.e. relationships, money, health etc.

The key to committing to real change is to remain disciplined and focused on the task/activity/project at hand. In addition, being vulnerable is so important for growth, as it means you are opening yourself up for new insights, constructive feedback, tools and knowledge that you may have not have previously welcomed into your life.

Click below a really useful guide for ways to overcome your ego and ensuring its not holding you back;

As I go through my own journey creating an online business and honing my digital marketing skills, I am aware of my ego taking control and making me procrastinate and lose focus. Luckily the online community I have joined are amazing in making sure I stay on track and am clear on my goals and vision. In fact, there are accountability mentors that ensure you stay on track – ensuring you’re ego doesn’t take over.

If you are interested in learning the same marketing, technical and mindset skills, click here and start your journey to taking control and freedom.

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