Investing Earning Living Podcast Marika & Marek

Marika discusses the importance of diversifying your income streams and with millionaires having on average seven different streams of income it’s a proven pathway to securing your wealth and ensuring you can continue to live the life you want even if one income stream stops

If you want to live a comfortable life then this is an episode with great advice on different streams of income and how to get started.

 

KEY TAKEAWAYS


When you have multiple streams of income if one stops you can still live a comfortable life
Things can change and multiple streams of income are key in the journey to wealth
You should diversify to have a combination of traditional and online businesses along with investment strategies
You can have an online business and sell things without holding stock yourself
Look at diversifying into different products
Always have a backup plan especially in property in case the main plan doesn’t work out
In property use a range of different strategies
If you are entrepreneurial then you can purchase existing businesses
There are many established businesses available to purchase and you can then add value
An average millionaire has seven income streams
It’s worth diversifying into precious metals and this can preserve your wealth

 

BEST MOMENTS

‘Various things can happen in life’

‘You need to make sure you have money coming in from different sources’

‘We are entrepreneurial and can make it work

 

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

 

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email-  info@investingearningliving.com 

 

Phone - 0333 050 9443Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211

 

 

 

Marek talks to Mark Lloyd, a professional entrepreneur about his journey into property investment and mentoring.

Mark discusses the importance of networking and finding a mentor who can help you develop and grow and explains why educating yourself is an important step as an entrepreneur.

As co-founder of the Property Master Academy Mark now mentors others on their journeys and this is a great opportunity to hear about what it takes to be a successful entrepreneur

 

KEY TAKEAWAYS


The most important thing is your network. Network as much as possible and mirror and follow those you aspire to be
If you are starting out with no money at some point you are going to need money
There are plenty of people out there with money in the bank you just need to find them
You can always, if you want to and need to, find money somewhere
The biggest challenge in business is trust, it can be both an advantage and a challenge
I’ve diversified from just property and now have stocks and crypto as part of my portfolio and I’m always looking at potential opportunities to invest
As an investor it’s important not to rush in, there will always be another deal
Getting educated can really make a difference
There are a wide range of strategies available when you are investing in property
Within everyone is a business mind it may just not be being used yet
You need to be in the right environment mixing with other entrepreneurs
The barriers are lack of knowledge and lack of confidence and these can both be overcome
You need to build relationships with people so if  something sounds too good to be true it probably is
A crowdfunding project matches the project requiring finance with an investor
You need to continually work on your mindset and not give up.
If a deal goes wrong you learn from it and make sure it doesn’t happen again
I want my legacy to be making a difference to enough people

 

BEST MOMENTS

‘We’ve mentored a lot of investors’

‘Mindset is everything

‘In property, you need to learn about it and then find a mentor who can guide you’

‘Most people give up too soon in business’

 

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

Max Crowdfund

Property Master Academy

 

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email-  info@investingearningliving.com 

 

Phone - 0333 050 9443

Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marika goes solo this week and explains in detail how your credit score and credit report are calculated.

Knowing how the reports are compiled and what affects a score is vital if you want to make sure that when you apply for a loan your credit score and report are positive and this episode has great content on how lenders use credit scores and credit reports along with what you can do to be in the best position

 

KEY TAKEAWAYS


Your credit score is used for many different financial products including loans, credit cards and mortgages
It’s a score that is assigned to you and is based on how you  have managed your payments in the past
Anything that has happened in the last six years will be seen by the lender
thing
You need to be on the electoral roll and registered to vote
How long you have lived at a particular address, are you traceable?
Lenders don’t want to see high levels of borrowing
The closer you are to your limits on current credit cards the less creditworthy you are
The report details how you have been managing your payments
Lenders are looking at a combination of your score and report to decide on lending
When you are applying for a mortgage check both Experian and Equifax
Try and find out what credit report the mortgage lender will be using.

 

BEST MOMENTS

‘The longer you have lived at a particular address the better’

‘They like low levels of personal borrowing’

‘If you are an investor check across all the credit score companies’

 

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

 

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email-  info@investingearningliving.com 

 

Phone - 0333 050 9443

Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marika and Marek discuss Property Sourcing

Marek is joined by Marika to talk about their speciality – Serviced Accommodation.

In this informative episode, they take us through what to look for when you are starting out including great tips on finding the right area through to the policies procedures and systems you need to have in place.

They share invaluable information gained from their own extensive experience in Serviced Accommodation about the practicalities and systems that really make a difference if you are building a SA business.

 

KEY TAKEAWAYS


Serviced Accommodation can be anything from a treehouse, a room in an HMO to a penthouse.
If you want to work in Serviced Accommodation you need to enjoy property and hospitality.
Eviction law doesn’t apply in serviced accommodation
You need to educate yourself and research carefully to find an area where Serviced Accommodation will work.
When you are starting out you need to take a gentle approach with agents and vendors
As you grow your business you will need to have a team to ensure that you are able to maintain and service your properties.
A channel manager will help you to manage your bookings and there are free options.
When you choose a payment merchant you need to review the percentage they take for each transaction
You should have at least two payment merchants in case there is a dispute.
To protect yourself you should have good policies and video the accommodation.
To advertise your properties you need to focus on having a high profile across a variety of platforms.
If you are running Serviced Accommodation in a block, house or building the safety rules and regulations are the same as a hotel
Working closely with the fire service can help you to have the right processes and procedures in place
Serviced accommodation is 24 hours a day, 7 days a week and you need to have a good procedure in place for emergencies.

 

BEST MOMENTS

‘We love being in property and providing really good accommodation’

‘We take our own payments so we can stay in control of the money’

‘You need to always fight your own corner’

‘You need to apply the same rules and regulations as a hotel’

 

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

 

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email-  info@investingearningliving.com 

 

Phone - 0333 050 9443

Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marek is in conversation with James Gough who following an illness pivoted from being a full-time athlete invested in an Olympic journey to entrepreneur and founder of JG Physique

who are number one in the UK for helping business owners and entrepreneurs discover their mental and physical peak

He discusses his journey and experiences along with his passion for helping others and creating a legacy that will provide opportunities for many across the world.

He discusses why the starting point has to be investing in yourself and how optimising is the key to a more successful business that can scale to the highest level and change the world.

 

KEY TAKEAWAYS


Everything happens for a reason and one door closing can lead to other opportunities
Being in adverse situations has helped shape me and made me
You need to fail forward and have a growth mindset
Challenges do not define you and pivoting quickly is the key to success
I have never worked a day in my life because I’m passionate about what I do
You need to have certainty about who you are and what you are doing and nurture momentum to get where you want to be
Investing in yourself is a vital starting point if you don’t invest in yourself how can you expect others to invest in you.
I learned something and took something from each mentor I had.
Knowing who to surround yourself with to accelerate your growth is key.
Being in a headspace to support your employees to be the best they can be are challenges to face every day.
You need to understand exactly where the bottlenecks are in your business
You need to understand that bringing in other people with expertise is about creating balance for you.
Are you servicing  and supporting yourself as part of your business
It’s about who you are and if you want to create your own legacy

 

BEST MOMENTS

‘My ambition is to shorten my learning curve’

‘It was a defining chapter in my life when I realised it all needs to start with investing in yourself’

‘Can you optimise yourself any further?’

 

VALUABLE RESOURCES

Investing Earning Living Podcast - https://omny.fm/shows/investing-earning-living

JG Physique

 

ABOUT THE HOSTS

Marika and Marek are experienced investors and owners of multiple successful businesses. The hosts went from having nothing to becoming multimillionaires in their early 30’s through hard work, dedication and desire to change lives.

They have battled unforeseen life’s circumstances and challenges which made them realise that they do not want to be in the same rat race as others. Valuing diverse investment strategies, business avenues and multiple income streams, they are passionate about helping others to succeed in life. Listen and learn.

CONTACT METHOD

Email-  info@investingearningliving.com 

 

Phone - 0333 050 9443

Facebook - https://www.facebook.com/Investing-Earning-Living-1669019896663211