Liam delves into the intriguing world of money mindset and the fear associated with utilising other people’s money to achieve remarkable results. He shares valuable insights on raising funds and accessing financial resources effortlessly, exploring various avenues to secure funding, from engaging friends and family members to exploring crowdfunding platforms and leveraging existing assets.
KEY TAKEAWAYS
- Money Mindset: Embrace the mindset that you deserve more and that accessing money is easier than you think. Overcome the fear of making money decisions by understanding that raising money is achievable through various sources.
- Diverse Funding Sources: Explore a range of funding options, including friends and family, networking events, banks, personal loans, business loans, credit cards, and online platforms like crowdfunding and GoFundMe. Consider unconventional methods like selling items on eBay or pawning jewelry.
- Financial Optimisation: Evaluate underperforming investments like stocks, ISAs, and pension products. Consider consolidating by selling low-performing assets and reallocating funds into more secure and profitable investment vehicles.
- Multiple Funding Streams: Don’t limit yourself to one funding source. Utilise a combination of sources, such as personal loans, family contributions, credit cards, and selling assets, to raise the necessary capital for deals.
- Opportunistic Approach: Be open to exploring multiple avenues to raise funds quickly. Whether it’s through phone calls, webinars, loan applications, or personal connections, adopt a proactive mindset to seize opportunities that offer a solid return on investment.
BEST MOMENTS
“Raising money and accessing money is very, very easy.”
“One of the biggest challenges people have is the lack of money or the fear of making decisions.”
“Income follows assets.”
“Selling the bad and buying the good.”
FULL TRANSCRIPT
If you’re listening to the dealmaker podcast, hosted by multimillionaire property investor, entrepreneur, and Guinness World Record holder, Liam Ryan, discover how to start scale and grow your business, become a better negotiator, create more opportunity, and make massive profit. So you can live the life of your dreams.
Welcome to today’s episode of the dealmaker podcast, where I am literally going to take you behind the scenes, and we are going to be talking about my favorite subjects money, the mindset of money, the fear of using other people’s money, and how you can use other people’s money to get incredible results. So come with me now and let me take you to one of my very special events. So a few things now a few things before we go into the first break, okay? Remember this, you deserve more, you deserve more, okay? You deserve more and something which is really important is to something which is really important is to understand that raising money, and accessing money is very, very easy. Okay, something which came up yesterday, we have a lot of the conversations with people was this block against money? And how do we raise money? And, you know, where can I go and find investors.
So what I’m going to do now to finish this session, is I’m going to give you some real top tips on how you can raise money and where you can find money. Because you will need to make decisions today, you will need to make decisions tomorrow you’ll need to make decisions and you’ll need to want to, you’re going to want to buy today you’re going to want to buy at a discount, you’re going to want to buy great things, would we agree yes or no team? Yeah, and one of the biggest challenges people have is the lack of money or the fear of money making decisions. So I’ve raised a lot of money over the last nine years. It’s very exciting. So let me just share this with you. Okay, so pens and papers out. One or two of you may have done something similar with me, but it’s really good for reinforcement. So where can you raise money? Alright, are we ready? Yes or no? Okay, here we go. Friends and family members, friends and family members. At the moment, they just don’t know what you’ve got to offer. Okay, but you have got friends and family members, you have got networking events and there’s different types that you can go to you can go to property events. You can go to business events.
So property events, business events, get yourself out to charity events. So I’ll typically go to one or two of those a year. Normally, my solicitors invite me and that’s really nice. Okay, so you’ve got events. You’ve also got online events as well. So you’ve got in person events. But there’s also lots of different online events that you can go to and you can make yourself known. Remember, you’re going to be positioning yourself in now as professional property investors. Okay, so you’ve got events. You’ve also got things like the banks. So of course, you can go to banks, you can get bridging finance for deals. You can get auction finance for deals. You can go and get personal loans. Write that one down personal loans. You can get business loans.
You can use credit cards. So you can use credit cards. You can sell stuff on eBay. Some of you have got stuff in your house, which you may not have used for years. So you can go and sell stuff on eBay. You could look to pawn jewelry perhaps we’ve had some people do that within the AFL community to raise money to get mentored by us to get money for their first one or two deals with landlords. So you could pawn jewelry Okay, great. So we’ve got this, you got crowdfunding platforms, where you can raise money
you You’ve got potential GoFundMe pages. You can release equity from existing properties that you may have. Maybe some of you now your house has gone up, you know, prices have gone up, they are starting to drop. So maybe now’s a good time. You’ve got pension products, where you can raise money, your own pension perhaps or other people’s pension, you can lock in. And what you’ve also got is you’ve got things like stocks, shares, ISIS, Premium Bonds, crypto.
Some of you right now, you may have some of these types of investments. But they’re underperforming for you. I think, an ICER. In the UK, the average Heiser is something ridiculous like 1.02%. Okay, well, it’s not going to make you rich. Some of you may have had money in Premium Bonds, or some stocks or shares, and they’re not performing. Maybe they’re down in value right now. But sometimes holding on to something that’s down is never going to bounce back. Sometimes what you’re better off doing is using that money, selling those stocks, selling those ICERs locking in on that pension product, releasing some equity, and then putting that into a much safer, secure investment vehicles, why cooler, doing a consolidation, selling the bad, and buying the good, selling the bad and buying the good, selling the bad and buying the good. And then moving yourself into an area where you’ve got great investments in yourself great investment products. Remember I said yesterday, income follows assets. Now another thing to remember is that you may not raise all the money from just one source, you may raise a couple of grand from selling some stuff on eBay, you might get five grand from your uncle or auntie, you could go and get 25,000 pounds on a personal loan, you might get a couple of grand from a credit card, maybe you’re gonna sell a few crappy stocks and shares, maybe you’re gonna get something from someone else. So whenever I am faced with a deal where I need to raise money fast, yeah, I could raise it from one source. Or I may need to go out to five sources or six sources, I may need to make one phone call, or I may need to do 50 phone calls. I may need to run one webinar or five webinars, I might need to do one personal loan application or two applications. Does this make sense? It doesn’t matter how much you need to raise for a deal. As long as that deal is going to give you a return on investment. And it’s a safe secure investment. What we do is we say yes to opportunity. We then have the right mindset about how to make the money, manage money, multiply money, and we go forward with a great investment decision. Does this make sense? Yes or no team? Yeah.
You’re listening to the dealmaker podcast, hosted by multimillionaire property investor, entrepreneur, and Guinness World Record holder Liam Ryan, discover how to start scale and grow your business become a better negotiator create more opportunity and make massive profit so you can live the life of your dreams.
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