Freak weather in Scotland

Sad day in Biggar today... woke up to heavy snow and terrible news of fatal accident 3 miles from my home. I won't forget this day in a hurry!

Richbrits Wealth Awareness Event - Mon 11TH Jan 2010

Must remember to upload these videos straight away.... losing momentum otherwise!

RICHBRITS NEWSLETTER UPDATE...

The next Richbrits Networking Event is happening on *Monday 11th January 2010* 6.30pm - 9.00pm **PLEASE NOTE NEW START TIME** Marriott Hotel 111 Glasgow Road EDINBURGH EH12 8NF (MAP)

James Knight, a leading UK expert in communications has developed a unique systematic approach that is fast, fun, simple and easy to help you connect with the people around you and "Multiply Your Likeability Factor." Some of the benefits of attending James' presentations include: Greater understanding of yourself and others How to make people like you How to build rapport in seconds How to find the perfect partner How to find the perfect work How to deal with differences in people How to communicate more effectively How to increase cooperation and compatibility How to reduce stress and tension The application of James Knight's presentations are universal, and will prove invaluable to people of all ages and life experiences. In just one session you will be given insight, understanding and skills that will change your life for the better. His genuine enthusiasm and his dedication to sharing the benefits of the system that he has developed make his presentations a unique experience. He creates energy in the room, adds humour to his presentations and shares information and tools necessary to make positive changes in your life. James' presentations are given in an entertaining and playful style which makes it fun to learn. The focus is on learning yet the format is lively and enjoyable. His speeches have entertained and educated audiences throughout the US and Europe. James is also founder and director of international property sales,marketing and development company Knight International http://knight-international.com

£££ MONEY TALKS! £££ Another popular WEALTH STRATEGY for many investors today is the Stockmarket. In September the Richbrits Investment Club was set up under the tutelage of my good friend and stockmarket mentor Owen O'Malley. Since then, a good number of Richbrits Networkers have shown interest in either setting up their own Investment Club or joining a second Richbrits Club. NOW... you have another opportunity to find out what's involved and how to trade the markets SAFELY. My fellow Richbrits Club members are now well on their way to increasing their understanding of how the markets work (and trust me when I say...'we know much more than most experienced stockbrokers do') and the Club is now looking forward to seeing profits increase steadily and safely month on month. Our youngest member is only 15 years old, so there are no excuses for not getting involved in Warren Buffett's favourite investment strategy!! COME ALONG AND HEAR JAMES AND OWEN ON MONDAY 11TH JANUARY AT 6.30pm!!

** Price Increase Notice **

For 6 years now, the cost of entry to Richbrits WAE events have remained at a very reasonable £10 and the range and quality of speakers and information given out at these events, especially over the past 6 months, has proved extremely valuable and popular judging by your comments and video testimonials.

In order to continue to deliver this high quality format, it has become necessary to address the pricing structure.

At the meeting in December there was a rush to get sufficient seating and extra catering to satisfy the large audience and unfortunately, some people were left standing at the back of the room. Despite regular requests for pre-booking, I am often left to 'guess' how many to cater for.

With this in mind, I am now offering an 'Early Bird' price of ONLY £10 for those who pre-book for each event. From 1st January 2010, the cost of paying at the door will be £20.

To take advantage of the Early Bird price, bookings must be at least 48 hours prior to each event.

EARLY BIRD PRICE CAN BE BOOKED HERE

RICHBRITS NEWSLETTER UPDATE...

The next Richbrits Networking Event is happening on Monday 7th December 6.30pm - 9.00pm **PLEASE NOTE NEW START TIME**

Billionaire author Mark Victor Hansen is expecting Big Things from this Man! Bob Proctor from the movie The Secret has commissioned him with the task of lifting the lids from Irish Minds Tony Robbins gave his message loud and clear when he stomped on his right foot...“ Take the Steps” Stevey McGeown is only '30 something' and already he has achieved the following.... * Built a Million Pound Plus Business From The Ground Up In less Than 2 Years, * Life & Success Coach For Ireland For Bob Proctor from The Secret Movie, * Internationally recognised for his contribution to Women's Fitness as the No.1 Curves Franchise Owner in The World 2003 * One of The Growing Stars in The Personal Development and Success field in Ireland And in December he will be here to demonstrate how to Close The Gap, and get from where we are to where we want to be. Click here to watch a video of Steve and Bob Proctor

Have you had a PROFITABLE year this year? If so, you might be worrying about how much of your hard earned cash the Taxman is going to get his hands on when you submit your returns in January... unless of course you have a super-duper accountant who has already shown you how to protect your assets and mitigate your tax burden. A familiar face at the networking meetings over the past few years is Frank O'Donnell of P3Wealth. Frank has kindly offered to give you some FREE advice on how to protect your profits AND get a big chunk of money FROM HMRC... worry not, it's all perfectly legal, but not always widely known!!! Frank will be in the Findhorn Room at the Marriott on Monday 7th at 6.30 sharp!!!

PROPERTY MARKET REVIEW TIME PERMITTING, I will be conducting a discussion on market conditions in Scotland today. Not sure about you, but I am beginning to see some light at the end of the tunnel with lots of good opportunities to purchase properties and fund them with little or no money down... (yes, it IS still possible for the very creative investor). If you have something of value to share, are looking for a Joint Venture Partner or have your questions answered, then be in the Findhorn Room at the Marriott on Monday 7th Dec at 7pm.

You can buy a house for 120 ounces of GOLD! A small, but enlightened group of people chose not to buy property after 2005, as the market edged towards its peak. Many invested in gold instead. Others got out of property close to the peak – in some cases right at the peak – and put their capital into gold. At some stage these people will want to move their capital out of gold and back into property. So an interesting way to value gold is by comparing UK house prices to the gold price. Mathematician Tom Fischer, a lecturer at Heriot-Watt University in Edinburgh, has put together the following chart, showing the ratio between UK housing and gold http://www.approximity.com/risk/ Gold currently costs about £690 an ounce. The average UK house, according the Nationwide, sits at just above £162,000. That means it takes a sterling equivalent of about 235 ounces to buy the average house. As you can see from the green circle above, Fischer sees that ratio falling well below 100. I wouldn’t disagree with him. But if it nears 120 ounces, I will be ‘seriously reconsidering’ my core position. That could mean house prices staying where they are and gold rocketing from here. It could also mean gold staying where it is and house prices plunging. I suspect the most likely scenario is somewhere between the two. Let’s say gold appreciates 30% from here to £900 an ounce (very likely, I would say). And average house prices fall 30% to £110,000 (also likely). Then, give or take, you have your ratio of 120. Those who stayed off property and bought gold would have made 30% on both sides. So 120 ounces of gold – and very possibly lower – for the average UK house is another of my key levels. (Article reprinted with kind permission of Dominic Fisby of www.moneyweek.com)

Buying a Bank Owned Home is easy :).

Watch this

Love is Energy.... Pass it forward !

Try NOT to dance to this... or at very least .... tap your feet!

Self-Employed Borrowers Go Away!

Is it time yet... that we 'Property Brothers and Sisters' start doing it for ourselves?

A couple of years back, I realised that one of the biggest challenges for property investors is the length of time it takes to get our money back out of the deals. My strategy from the beginning, has been to buy properties that were 'cosmetically distressed' and add value by redecoration and/or replacing bathrooms, kitchens etc. This is a very profitable strategy which helps you to increase the value of your investment within a few weeks.

When I first started out, I wasn't in a hurry and didn't really understand property investment market that much nor did I know how to capitalise quickly. However, it became evident that whenever I approached the bank for another loan or to top up my 'business term loan' that I used for buying properties, they would ask for updated valuations.

Then along came same day/next day remortgages and Daylight Bridging! i.e. Use a bridging loan to buy the property one day and have an ltv mortgage put in place the next day, allowing you to pull out some of the equity and profit from the increase in value. Easy!

Alas... those days are gone and if and when they do come back... will we trust the banks again?

Perhaps it's time to set up our own Property Credit Union or Property Trust Fund. With more and more of us finding it increasingly challenging obtaining funding, this could be the perfect opportunity to start helping one another.

Those with available cash could lend to those with good deals .... for a higher rate of interest that the banks are paying depositors these days... Those who have the deals could borrow from the fund and pay a similar rate of interest back to the fund, but avoiding the need for the dreaded 'credit scoring' as the fund would have security on the property anyway!

Let me know what you think.

Meantime, take a look at this article... Self-Employed Borrowers Go Away!

RICHBRITS NEWSLETTER UPDATE...

The next Richbrits Networking Event is happening on Monday 2nd November 7.00pm - 9.00pm **PLEASE BOOK NOW**

"Last night's meeting was BRILLIANT"... "Thoroughly entertaining and extremely informative"... "Excellent presentations and great audience... what lovely people you have in your network"... These are just a few of the comments I have received following Steve and Debra's presentations in Edinburgh last. Steve provided a lively and entertaining insight into how the brain is 'wired' and why we do what we do, then explained how to get off 'spaghetti junction' and move into the fast lane of the motorway of life. Great stuff! Debs surprised me in particular with her story of her profession as a Trauma Nurse in China and how she and John embarked on their new career as professional property investors some years ago... what a terrific team they make. Their experience of HMOs is vast and her clear explanation of what is involved in this very lucrative investment strategy was second to none! A big THANK YOU to both guests. Debra has very kindly offered a whopping 30% DISCOUNT to Richbrits readers on the price of her new book "HMO Mentor - Cash Generators". To find out more about this SPECIAL OFFER which is available for ONE WEEK ONLY click here www.hmomentor.co.uk. You can also download Debra's FREE e-course right NOW! Read more...here I have something quite different lined up for the November meeting. Look out for more details in the October Newsletter! To reserve your place for next month's meeting, email me NOW clare@richbrits.co.uk

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I always thought it was the public who were guilty of robbing the banks... not the other way around!!... MORE DAYLIGHT ROBBERY FROM THE BANKS

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BETTER NEWS ON BTL MORTGAGES BM Solutions are planning to increase business volume by 50% in October. In order to do this, hopefully they will look at loosening their credit scoring system, and possibly look at lowering rates. ***** Mortgage Works have released a new product range of lower fixed rates with effect from 1st Oct 2009. www.themortgageworks.co.uk

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LIFE LASTING SUCCESS - WHO IS THE MYSTERY GUEST ??

If you're still undecided whether or not to make the trip to Dublin THIS WEEKEND - Oct 9-11), "The Secret" star BOB PROCTOR has a message for you....

Click here to find out what he has to say... www.lifelastingsuccess.com/blog

There is also a MYSTERY GUEST who for some reason does not want his identity to be known just yet.... bit unusual for a public speaker!!

The information he will be delivering is so 'cutting edge money magnetising", he doesn't like his presence to be announced until it is too late... even more unusual for a public speaker!!

There's still time to get one of the few remaining tickets, but you will need to move fast.

Go to www.lifelastingsuccess.com