Clear, practical steps to build wealth, protect it and get your freedom back sooner than you think.
In last week’s post we looked at the scenarios in which a mortgage lender could take repossession of your property. This week we will explore Government Powers Over Your Property and how they can possess a buy to let property or order you to sell. What compensation would there be?
Continue reading “Repossession Risk Part 2: Government Powers Over Your Property”
One of the fears of Buy-to-let investors is that they could lose their investment. For instance, could there be a mortgage repossession or confiscation by a government body? Both scenarios would be extremely rare. Here I highlight some unlikely circumstances where a mortgage company would either call in a loan or repossess a property.
Continue reading “Mortgage Repossession Myths: What Landlords Need to Know”
Are you being triggered by fear based media, whether it’s scrolling social media, reading the news, watching YouTube or watching tv?
I’ve written quite a lot about the negative aspects of the modern media world and uncontrolled phone usage. In this post I will talk about how specifically this programming is triggering you and give you a step-by-step guide to free yourself from it.
Continue reading “Reclaim Your Mind: How to Break Free from Fear Based Media”
The single biggest determinant of your wealth is your income. An increase in income will hide a multitude of sins. The easiest and quickest way to increase your income is getting a pay rise.
Continue reading “How to Ask for a Pay Rise — And Actually Get It”
I am coming up to being able to withdraw a tax-free lump sum from one of my pensions, in the next few months. This will give me around £50,000 to do something with. I invest in property and so buying another buy to let property was my first thought. However, I do wonder if I should diversify into buying a business. In this post I explore the best small businesses to buy in the UK, if you have up to £50,000 to invest.
Continue reading “Best Small Businesses to Buy in the UK with £50,000 (or Less)”
I write a weekly blog post at www.mikeholdensales.com where I write about personal finance, productivity, mindset and business. I then repurpose these posts as LinkedIn articles, again once a week on a Friday. The reason I’ve done them as articles is that they are usually 1-2,000 words long, which would be too long for a regular LinkedIn post. I have started to re-share these articles in my LinkedIn post feed, but are there any benefits of doing this?
Continue reading “Sharing Your LinkedIn Articles”
“Some believe it is only great power that can hold evil in check. But that is not what I have found. It is the small everyday deeds of ordinary folk that keep the darkness at bay. Small acts of kindness and love.” ~ J.R.R. Tolkien
I’ve always hated authority and being told what to do. I like someone to explain how a course of action is better than the one I am pursuing. Give me a good enough reason, and I will happily follow along. However, if you tell me I must do something or stop doing something, without explanation apart from ‘it’s the rules’ or ‘just do as I say,’ that will get my hackles up. Deep down I have issues with certain types of power.
Continue reading “Real Power Doesn’t Shout”
I’ve just started a monthly newsletter, which is designed to attract my email subscribers back to my blog. This will remind people of what they might have missed on my blog if they don’t visit it regularly. As a biproduct of this, it will help with the Google Algorithm and SEO. I can also occasionally, but not too often, use it to sell my products and services. It’s a win: win. In the newsletter, I include snippets of the blogs I’ve written the previous month, with a link to that blog post. I also include any insights and what I’m reading/consuming.
Continue reading “How to Build a Monthly Newsletter That Grows Your Blog”
“But as to myself, my guiding-star always is, ‘Get hold of portable property.” Wemmick, Great Expectations.
During times of economic uncertainty, when the stock market is extremely volatile, there is usually a flight to investing in gold. This is an age-old investment strategy, to protect one’s wealth. As we know, cash becomes eroded over time in real value because of inflation and even if you could find a savings account that gives you a great interest rate, this would still mean that that money is devalued. Goods worth £100 in Spring 2020 would now cost you £126 (June 2025).
Continue reading “Portable Property”
I was re-looking at what might be my keystone habit. Out of all the habits I want to instil, this is the one that will make all the others easier, superfluous or will lead to a cascade of growth in my lifestyle. So, an example of some of the new habits I was exploring were:
Continue reading “Keystone Habit”