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Karen Newton International
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80% of Investing is Mindset - Get the Mindset right and accelerate your investing
Whats in Your Cupboard?
9/3/2020 10:36:21 AM

What’s in Your Cupboard?

When we start a new £2.73 Club Mastermind Group, we ask clients to do a couple of things.  Look at the Direct Debits and Standing Orders that are on their bank account which should have been cancelled a long time ago but weren’t.  Clients are often surprised at how many are on their accounts and how much money they are able to save.  This exercise is about taking more control over their finances. 

The second thing we ask them to do is to go around their homes.  Look at what they have that is no longer needed, no longer has value to them and could be sold. This provides income for investing.  So far, clients have raised between £200 to £1000 in a month.

We also do this for another reason, mindset.  Investing is a mindset shift.  Its about changing the old thoughts and habits around money and creating new more positive and practical mindset that will help you on the journey to wealth and dream lifestyles.  Its about creating lifetime skills.

We live in a world where the mindset has become that of get rich quick. Most people want a quck fix solution with instant results now.  A world where it is too easy to hand your money over to someone else for a quick buck then cross your fingers and pray like hell that they make money for you and keep making it.  Sometimes, in the short term they do make money for you, maybe 1, 2, or more years but eventually the money will stop coming in.  It always does because markets are volatile and continually changing. 

Financial markets are always moving up or down.  They are known as investment cycles.  They vary in length of time.  The gold market is on an upward 50 year cycle that started in the 1970's.  Business is on a downward cycle started around 4 years ago accelerating downwards during lockdown.  When your money is with someone else it is often difficult for them to move the money quickly because of the large volumes they handle.  Even Warren Buffett one of the most successful investors of our generation is unable to get into the investments he wants because his business is too big. 

Traders are in a even more precarious situation as they only get a percentage of trades that work and then they lose money on the remainder.  No one has a 100% record.  Exceptional traders have a 60% track record of making money.  They can make money on an upward and downward market but what happens when the financial markets go sideways as they often do?

Learning the skills of investing and making the essential mindset shift to that of an investor means that no matter what the investment markets are doing you have control.  Control over the way you react to the market and control over how quickly you get in or out of an investment. Control over where you park your money in a sideways market. Control over your finances.

The true value of investing is the mindset shift you make from where you are now to where you want to be in the future. The skills and lessons you learn along the way build a reservoir of knowledge that is priceless when the markets turn and they always turn. 

When learning new skills, the shift in mindset is so subtle that often it goes unnoticed until one day you have to practice what you learnt.  One day you realise when it comes to creating your dream lifestyle and wealth all you really need is what you already know about getting in and out of the markets at the right time and patiently waiting for the right time to arrive.

In the comedy Only Fools and Horses, Del Boy and Rodney are always coming up with schemes to become wealthy. In the episode about how they made their millions, they find out they have been sitting on a valuable item for 16 years not knowing what it actually was or the value of it.  The autioneer saying they thought it was a Victorian Eggtimer while infact, it was a rare watch.  They had neither the right mindset nor the right skills to take advantage of what was right under their nose all the time.  Their cupboard was bare of the right mindset, skills and knowledge.

When you look in your cupboard what do you see?  A tap connected to someone else’s money pipeline building their wealth faster than yours or a shelf stacked with skills, knowledge and mindset values which will ensure yours and your family’s future for decades to come.

For more information on our courses email info@2pound73club.co.uk 

Turning Dreams into Reality
6/1/2020 10:04:54 AM

Turning Dreams into Reality

“Dreams are nothing more than wishes and a wish is just a dream you wish to come true.” Sang David Cassidy.  Sadly, too many people give up on their dreams when they could make them a reality simply because they don’t know where to start.

Focus on It

Visualisation is the first step to making a dream a reality.  By visualising your dream, you are getting your brain to think about the reality of the dream coming true. Your subconscious mind will then set to work to finding a way to make the dream come true.  Visualisation is simply creating the vision of the dream becoming a reality. In your mind you think it, see it, feel it as if it is happening right now.

One of the best ways I found to create the atmosphere for visualisation is to associate a piece of music to your vision.  I have different songs for different visions.  Most songs last for 3-5 minutes put the song on and build your vision in your mind.  Walk yourself through the vision.  Then each time the song plays your mind will automatically associate with your vision.

You only need to spend 3-5 minutes a day, while the song plays, building your dream, then you will start to see the opportunities around you.


Plan It

Putting a plan together scares a lot of people.  There are fears that it is unrealistic, or I’m being stupid for wanting this.  When the opposite is true. If you have the dream then it is your right to achieve anything you deserve.

The first step is to write down what the end result will look like.  Work backwards until you have come up with a stepping stone to get from where you are to where you want to be.  For example, if you want to learn to drive a car the end result is you have a driver’s license.  Working backward you have to pass a test.  Before that you will need driving lessons but you can’t start your lessons until you have a learner’s license. To get a learner’s license you need to apply for it.  What is the first step to take to apply for your license?

Now, you have just created a plan.


Take Action.

You’ve just created a plan and for it to become a reality you need to take action.  Only when you have something committed to paper and take regular action will the dream become a reality.

Think of a cake recipe.  The recipe is the plan to bake a cake.  However, cakes don’t bake themselves, you have to follow the plan and take action to bake it.  Your dreams are exactly the same.  Once you have a plan, commit to it by taking an action.  Write it in your diary and make time for yourself to take the action step.  Make sure you do something everyday or every week until you achieve it.


Building Wealth and Dream Lifestyle.

So, now you are wondering what dreams have to do with Investing.  I help clients build the wealth they need to create their dream lifestyles.  The first step is to know what sort of lifestyle they want and how much it will cost.  Each meeting we review what action they have taken towards achieving their dreams.  Anyone can make money once they know how.  It’s a simple process.  The problem is not how to make the money but how to maintain the momentum of making money as the process can be very boring.  To keep you motivated you need to have a dream.  A dream that creates enough passion in you that you will focus on it, plan it and take action until you achieve it.  Then move onto the next dream and the next until you no long recognise the old life and instead you have your dream lifesyle.

Your lifestyle is the reward for doing the same dull boring process over and over so you can make your dreams come true.

As David Cassidy sang “Dreams are nothing more than wishes and a wish is just a dream you wish to come true” unless you focus on it, plan it and take action until you achieve it.

A Routine Day
3/4/2020 11:09:46 AM

A Routine Day

Two of the most common questions I am asked is “how do you fit everything in?” or “where do you get your ideas?” or I get comments about my work ethic and how much time I spend working. So, I have pondered on the questions and considered what I do and when I do it.  It’s really something I hadn’t thought about until recently, due to all the questions I get.  But the more I thought about exactly what I do each day the more I began to think the key to achieving everything I do is having a routine day.

My day starts with a walk regardless of the weather.  When I had my dog, the day evolved around two or three walks a day for him.  Since his death, I have kept up the morning walk which lasts about an hour.  During this time, I do very little talking, my husband and I just walk, take in and enjoy the surroundings. On days when I have to be somewhere early then I set the alarm earlier so I fit in my walk.  It’s a relaxing start to the day along the promenade.

Once I get back home it’s breakfast which is followed by writing my Journal. In the journal I dump everything I want to say about everything on my mind.  The good, the bad, what’s going right, what’s going wrong, progress on goals, the plans and action steps. It can be anything and I write until there is nothing left to write.   Do you remember the hot water tanks in every home?  Each day you heated the water for what you needed during the day.  When the water was used it was refilled with fresh water and the whole process started again.  I use my journal in the same way buy emptying the things on my mind into the journal until I have cleared everything.

The next step in my routine day is probably the most important – thinking.  I have just dumped everything that was on my mind into my journal and now I have an empty canvas with which to work.  I sit quietly, listening to the sounds around me.  The sound of water is my favourite and the sound I tend to notice first and then I wait for the ideas to come into my mind – the goals, the affirmations, the plans, the action steps.  Now, I am motivated and ready to go.

The last step in my routine day is writing the success diary.  Everything I have just been thinking about gets noted in there, the affirmations; the action steps, meetings and the key thoughts.  It focuses my mind on what the order of work is going to be.

I am now ready to begin my work day.  Whatever the rest of my day brings it’s usually anything but routine. But I’m ready to tackle it head on and get done everything I have set myself for that particular day.

Most people have a morning routine, they get up shower, wash, eat breakfast and run out the door.  They are constantly in a rush, dashing from one thing to the next often achieving nothing.  They get home exhausted thinking about dinner and sleep before starting the whole process over again.  Talk about Groundhog Day.

In recent years, I have seen a trend and read books about having a morning routine to set you up for the day.  But when I try what the books suggest I found it didn’t work for me.  What I did discover though, is we are all different and the morning routine I have used for years is the one that suits me best.  You need to discover your own morning routine.  By all means, look at other people’s ideas but create your own routine.  Create the routine that feels comfortable and relaxing for you.  Create the routine that ensures your day starts the way you want it to.  Create a routine that puts you in control of your day.  When you create a routine that puts you in control of your day and leaves you feeling relaxed yet energised you know you have the right routine for you.

Wouldn’t it be great to have that much free time I can hear you saying? 

Like you I have 24 hours in a day.  I choose what I do with that day.  I don’t have that much free time because I choose not to.  I have the choice to use time in the best way to suit me.  I still have deadlines to meet, I still have constraints on when investment markets are open or shut for doing my investments.  I still have to work around other people’s timeframes.  What I do have is control over when I get up, when I go to bed and how I organise my day.

Arnold Schwarzenegger said “There are 24 hours a day.  If you only sleep 6 hours a day, then you have 18 hours left. Most people work 8 or 10 hours. So, you still have 8 hours left. What you do with those eight hours, is really the question.” 

I choose to use my 8 hours a day by starting my morning quietly and peacefully and the rest of my day tends to run exactly the same way.  There is no rush to get everything done as I know I can pace myself and do what has to be done.  I choose to spend the rest of my 8 hours doing what I want to do with whom I want to do it. 

When the morning routine is changed so is the day.  Often, when travelling, I find myself so out of kilter that even some of the smallest things to do seem like a mountain of work to get through.  It’s on these days that my routine day has to be fitted in where and when I can.  I may have a very early start to catch a flight.  I find myself writing my journal through the flight and taking time out to let the thoughts and ideas flow in.  I don’t have my success diary with me as it’s too big and heavy for flying but my journal fills that role.  My routine day has to be flexible to fit in around my work day.

So, how do I fit everything into my day?  I just do, there is no panic as I know I have plenty of time to do what I have to as that is the way my day is set up to create the space and time to do what needs to be done.   

The second question “Where do I get my ideas?” I dump all my thoughts into a journal, relax and let the thoughts come to me.

So what about you?  Do you have a routine day that helps or hinders your successes?


How to Become a Billionaire
2/27/2020 12:23:46 PM
How to become a Billionaire

How do you become a billionaire I asked John Boyle?  His answer will surprise you.

The unassuming and humble Irishman, John Boyle was sacked from his job doing bread deliveries, so he started his own business in the small Irish town of Markethall in 1982. Although economies were experiencing boom and bust by 1989 his sports betting business had grown to 5 stores.  This expanded to 19 stores in 2002, 77 stores by 2004 and in 2006 he reached the milestone of 100 stores across Ireland and UK.  Today there are over 300 stores and an enormous online presence.

Youtube Video

Click photo above to view video

The business growth has been one of taking opportunities as they arrive.  When competitor’s businesses were in trouble, he bought them saving jobs within the industry with each business purchased.  He also saw the opportunities of moving his business online and gaining access to the international markets and the clients he could attract through the internet and through developing his own apps.

As an investor myself, I was fascinated to know how John Boyle has grown his business and become a billionaire.  On a cold, wintery evening in Dublin, in February 2020, I had dinner with him and a group of entrepreneurs at an event organised by my business coach, Pat Slattery, and I asked John Boyle “how did you become a billionaire?” I waited with bated breath for his words of wisdom, his answer surprised me, “I partied” he said. “When the business was at 250 million euros I had a party celebrating it being worth a billion euros.  Just party as if you have already achieved what it is you want.”  

Mr Boyle’s philosophy is common among many wealthy people I have spoken to and it is that of mindset.  Whatever, you want to achieve assume you have already achieved it.  Act as if you are already where you want to be and it will happen.  It doesn’t mean that you just wish and wish for it and it will happen, you still need to take action and work towards your goal but by letting the universe know it is yours then your subconscious mind will work hard to make it a reality.

As we continued chatting John Boyle asked me what was my goal?  I explained where my investments were at this stage, how they had stagnated and I was trying to break through a plateau and he said “great, set the next level and let’s have a party.”

How do you become a billionaire?  Have a party.

John Boyle & Karen Newton Dublin February 2020

It's Your Choice
1/1/2020 2:46:13 PM

I have never liked SMART goals.  To me it puts restraints on you and can stop you from achieving your dreams.  There should be no restriction on your dreams other than the restrictions you choose..  The bigger you can dream the better the life you can create.  Yet, using the SMART acronym, my goals would never be realistic, trackable or within a time frame.  Instantly, you set yourself up for failure.  Yet, you have the power to create anything you want in life.  It's your choice.

Let your imagination run and dream of all the things you want to do, places you want to visit and the lifestyle and wealth you desire.  The set your goals. Goals are there to be achieved.  It doesn’t  matter how realistic they are or how long you take to achieve them as long as you have the belief and desire to turn them into a reality.

I remember in 2000 sitting on a beach in Napier, New Zealand, watching the sun rise on a new millennium.  I had plans and goals for the year.  By June that year, I was back in the UK and for the next 8 months dealing with the death of 6 members of my family.  My goals and dreams for the new millennium firmly put on hold.

By June 2001, the first goal was achieved.  In September 2001 goal 2 was achieved and within the next 3 years I achieved each of the dreams and more.  So, even though I was unable to achieve my goals in 2000, they were still there just waiting for me to take action and make them a reality.

Having a goal and a plan to achieve the goal are core to the success you want.  You can have as many dreams as you desire but without a plan and without taking action on that plan you will never achieve them. 

It doesn’t matter how long you take to achieve your dream.  Time is not important as long as you achieve the dream.


It’s your Choice

Within each of us the power to create the life of our dreams.  To become who we want to be.  To achieve anything we desire.  You can start right now.  All you need to do is decide.  It’s your choice.


You choose the dream.  You choose the action you take.  You choose how you achieve the dream.  Nothing else matters.  It doesn’t need to be a SMART goals it just needs to be something you dream about and want to turn into a reality.  Don’t let SMART goals hold you back.  It’s your choice.

Why Is Mindset Important
12/11/2019 11:54:41 AM
Is your mindset stopping you from creating a fortune?

Changing your mindset is the key to building your wealth and dream lifestyle. Yet, without realising they are doing it, many people sabotage their goals, their wealth, their dream lifestyle and sometimes their peace of mind simply because they don't understand the impact their mindset has on their future.  Is your mindset holding you back?

In the picture below there are 4 typical types of mindsets.  An employee; A self-employed person; a business owner and an investor.  In each category you can see that the mindset is different. The focus for each person within each category is different and has an impact on how they view investments and their reaction to investing in general.

Understanding the shift in mindset to that of investor will help you make the right decisions with your investments. It will help you understand why some things work for you and others don't.

Employee - has a mindset which is focused around trading their time for money.  They perform their duties as an employer requires, often giving more than is required to make themselves more valuable to the employer and as compensation for giving up their time the employee looks for good wages; pensions; holidays and working conditions.  There is nothing wrong with this mindset from an employment point of view, however, changing it to one of investing takes time.  It is the most difficult mindset to alter.  The employee has to move from being told what to do and when, to becoming an independent thinker whose focus is on the results of their investments.  They have to accept responsibility for how their investments perform.  They move from the mindset of trading time for money to one of delayed gratification and patience and having to wait for the investments to work.  Many find this very challenging.

One of the downsides of this type of mindset is something I see with some clients of the £2.73 Club and with some of my private clients. They are desperate to have a quick result, make their wealth so quickly that they flit from one investment strategy to the next claiming the investments don't work when it is their mindset that isn't working.  They are so impatient for an instant result that they don't allow investments time to grow. The constant chopping and changing drains their capital due to all the fees of getting in and out of the investment. They throw money at the next investment or coach hoping this will fix the problem and they will be wealthy within a week or two.  Sadly, that doesn't happen and they end up with the mindset that investing is a scam.

Self-employed - are the people I call the Jack of all Trades.  They have taken on the responsibility of starting their own business. They are in a steep learning curve as they focus on building their businesses. They have to learn all about business; marketing; customers; sales; staff if they take on any; employment law to deal with any HR related requirements.  Many are at the stage where they can't afford to employ consultants to help with running the business.  They often struggle to find the cash to for day to day living expenses let alone, investing.

One of the first mindset changes a self-employed person has to address is that of time management.  Letting go of some day-to-day activities within their business which can free them up to make more sales, find more customers, generate more income and build their investments.  Identifying that sometimes they are the bottleneck holding back their business.  Self-employed accidently make good investors as they are so busy with their business, they let the investment run it's course without requiring instant results.  They do, however, fail to realise, their business is an investment an asset that can be sold as they become too attached to the business.  Being able to step away and look from a distance is a mindset strategy that needs developing. 

Business Owner - these are the people who are good at building businesses which in themselves are investments.  Business owners have managers who work for them and run the business while the owner concentrates on the strategies needed to continue building and expanding the business.  As business owners they have made the first step towards being an investor and the transition to full time investor is much easier as they have already built one category of their investments. 

One of the biggest mindset failures of business owners is not thinking big enough.  They get their business to a level and run out of steam or motivation to take it further and develop it into a potential public company.  The wealthiest business owners have built multiple successful companies. Take a look at Richard Branson; Jeff Bezos; Terry Mathews

Investors - the mindset of an investor is having money work for them so they are not tied to a day job trading time for money.  An investor will concentrate on how quickly they can invest their capital and get it back out of the investment with a profit.  I call this fast cash.  Getting your initial capital out of an investment but still retaining control of the investment. They move their capital into the next investment and exit that one quickly still retaining an income asset.  This rinse and repeat process generates quick sustainable wealth as they build assets in the four investment categories - business; property; paper and bullion.

The investor has a positive growth mindset which is looking continually for opportunities around them.  They are not investing for instant return but have the patience to allow the investment to reach it's potential knowing they will make their money at a set time within the investment deal.

So, what does your mindset say about you?  Are you stopping yourself from becoming wealth?  What can you do to change your mindset and change your wealth and lifesyle?

For more information about Wealth Training and/or Private Coaching email info@2pound73Club.co.uk

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