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[Affluencia] How to Prepare to get finance Sent Tuesday, May 19, 2009
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 In this issue

Vol 22.09 - 19 May 2009

Published every Tuesday.  You are on our list because you visited one of our websites.  To change your subscription, see link at end of email.
  • Wendy's Week
  • Events and Teleseminars
  • Wendy Recommends
  • Feature Article: Prepare to get a loan
  • Five Minutes with...
  • Need a speaker
  • Quick Links
  • About Wendy
  • Manage your Subscription

Lydia_Puller.JPGWendy's Week

Affluencia has been featured on Women Building Wealth through Real Estate!   I'm really pleased to announce I've been invited to be a guest blogger by Lydia Puller (right), the founder of Women Building Wealth Through Real Estate.  

If you are interested in what's happening with real estate on a global level, make sure you check out this site.

I also attended another great Red Tent event this week to hear all about Search Engine Optimisation.  Ludwina is about to share her secrets and show you how you too can step into the Flow of Abundance.  Make sure you find out all about it here.

I'll also be Ludwina's special guest presenter at the July Red Tent event.  You can register and find out more here.

Until next week, happy investing!

Become an Affluencia Facebook Fan at www.wendymoore.net 
Wendy Moore
"Showing women how to get started in property"

Follow_me_on_TwitterPS: Doctors Without Borders

Events and Teleseminars

Wendy_LaceyHow to Achieve a Better Sale Price using Home Staging

Register here for our F.R.E.E. May Monthly Teleseminar

Wendy Lacey from Colour Sense & Style will joining us to share her tips and strategies for successfully staging a home for sale.

To listen in live to this f.r.e.e. teleseminar, just register here.

Become a Savvy Web Woman!

www.savvywebwomen.comDo you run a service based Small Business?   Would you like to discover how to attract new clients or even just how to better monetize your existing clients?  

Join us at the Savvy Web Women event. Limited VIP tickets now on sale.

Wendy Recommends

Renovate for Profit Workshops

If would like to learn more about tools & techniques of using renovation to add value to property, Ana Stankovic is conducting a Renovate for Profit workshop.

Featured in Australian Property Investor magazine for 3 months in a row, Ana will be sharing some of her knowledge about the process of Renovating for Profit.  You'll find details here.

Feature Article

How to Prepare to Speak to a Bank to Get Finance

In your pursuit to obtain a mortgage loan for your property investment, there are several aspects that you have to take into account before approaching a bank or lending institution.

Assess your needs. Determine first your overall financial situation. Ask yourself if you have enough savings to push through with your investment plan, if you have a good credit score and payment history.

Consider your finances. Decide whether you will use part of your personal funds for your investment venture or will you rely totally on a mortgage loan? Figure out the amount of loan you want as well as your financial capability. As well as thinking about the loan amount you can borrow, you need to consider your ability to repay the loan.

Fixed versus variable loan. Consider the type of loan you want - is it going to be a fixed rate or variable rate loan? A fixed rate loan involves a locked in rate for the duration of your loan but it can protect you against interest rate fluctuations due to market conditions. Variable rate loans are preferred by some as it allows them to avail of low interest rates when the market is performing well.

Credit rating. Having a good credit history is vital. Your ability to maintain a favorable credit standing will show in your credit rating.

Do some research. Shopping for loans from different banks and lenders will help you compare and guide you in making your final decision. This is where a good finance broker can save you time and money.  Let them do the leg work for you.

By Wendy Moore
Copyright 2009 Affluencia Pty Ltd

WANT TO USE THIS ARTICLE?

You can, as long as you include the following:

Wendy Moore is founder of www.affluencia.com and creator of the Get Started in Property Mentoring Program - the step-by-step, hold your hand program that gives you the tools and confidence to take your first step on the property investing ladder so you can live a life you love. To receive your F.R.E.E. Special Report and weekly how-to articles to expand your property investing toolkit, visit www.affluencia.com

Five Minutes with...

Sue_PapadoulisSue Papadoulis of Home Biz Chicks

Question 1
What has been your biggest challenge in business and how did you overcome it?
Before I even started out with my first business, I let the fear of the unknown stop me. I really wanted to get out of the 9 to 5 (or 7am 'til 6pm!) corporate routine but the thought of having to deal with taxation, insurance, licenses, BAS statements etc, prevent me from making the move.

It took the birth of my first daughter and the desire not to put her into daycare at an early age to finally push me into starting out on my own. So, I began my first business when my daughter was just six months old. Less than a year later I achieved a six figure turnover - and I only wish I'd had the courage, and support from other women, to make the leap into home business before I had children!

Question 2
If you had to start your business again from scratch, what would you do differently?
I probably would have done a bit more research into what was required of a membership web site. I started with a web designer and then ended up letting her go because we weren't moving ahead fast enough. I then signed up with another company and launched within six weeks. Fortunately I didn't lose much money out of it, but it did delay things. My recommendation to anyone starting out is to seek advice and support from other business people in the same field, before you start.

Question 3
Who do you admire and why?
I admire other women running their business from home and those who support them. People like Lyndsey Baigent from Essentially for Women, who's so open with telling her story about being in debt and having all sorts of personal problems, and then being able to overcome the challenges, rebuild her life, and is now helping others to do the same. I admire anyone who's able to take massive action to completion - people who don't just wish they could do something, but take the necessary action to achieve it.

Question 4
It takes a lot of determination and dedication to succeed in business.  What keeps you motivated?
I'm motivated by the desire to live life according to my dreams and goals, rather than working for someone else. I love being at home and having that daily contact with my family which wouldn't be possible if I worked in a job. The desire to never go back to the corporate world is a major motivator. My husband also works from home and we've built this incredible lifestyle that gives us the flexibility to do what we want, when we want. If we have to go into the city for a meeting, we're always desperate to get home and away from the hectic pace and stress!

I'm also really motivated to help women realise they can be successful working from home. I want women who've had children to know that there are other options beyond putting your child into care and going back to a job you don't enjoy. At the moment, I also have a big deadline which motivates me to grow Home Biz Chicks - and that's the due date of my second child in September!

Question 5
What are your 3 biggest success tips?

    1.    Do something you're passionate about and you will be successful and satisfied on every level. Work isn't work when you do something you love.
    2.    
Know your customers - know exactly what they want, what they're looking for and what problems you can solve. Then simply and effectively communicate the solutions you offer.
    3.    
Manage yourself, not your time. We each have 24 hours in a day and some succeed while others don't. It comes down to determining your specific business goals and then allocating time each day to work on achieving your business goals. Don't get caught up spending all your time working "in" the business leaving no time to work "on" the business.

Tell us about Sue...
Home Biz Chicks is the ultimate resource for women working from home. Home Biz Chicks brings together a range of experts in a number of fields including finance, marketing, public relations, technology, organisation, mindset and relationships to provide advice and support to women working from home.

Online entrepreneur and founder of Home Biz Chicks, Sue Papadoulis is committed to empowering women who work from home with the means and know-how to live a life of abundance.

For more about Sue visit www.homebizchicks.com

Are you a Successful Sister?
Each week, we'll spend five minutes with a successful sister.  Like to be considered to share your story?  Let us know by emailingcontact@affluencia.com

Need A Speaker
 
Would You Like Wendy To Speak Live at Your Next Event or Be a Teleseminar Guest?

Her presentations and workshops are ideal for anyone looking to get started investing in real estate or discover the tools and techniques to successfully invest in property.

Send an email to contact@affluencia.com if you'd like to book her.

Where is Wendy Speaking Next?

Melbourne

Productivity Coaching Club - Tuesday 9th June - teleseminar

Infusion Networking - Sunday 14th June - half day internet workshop

The Winners Circle - Monday 15th June - Essentially for Women

The Red Tent Woman - Wednesday  15 July  - Understanding Social Media

Sydney

Infusion Networking - Wednesday 3rd June

Accelerate in Business - Friday 14th - Sunday 16th August

Quick Links 

Visit the Affluencia Blog

Post (it's f.r.e.e!) on the Get Started in Property Forum

Register for our F.R.E.E. monthly teleseminar

Attend the next Affluencia Event

About Wendy

Wendy Moore is founder of www.affluencia.com and committed to showing women everywhere how to get started in property.

If you liked today's issue, you'll love Wendy's products and coaching programs to help you build confidence and add the necessary tools and techniques to your property investing toolkit so you too can live a life you love.

Wendy made it to the very top of the corporate IT world, managing multi-million dollar budgets, before gut-wrenching stress demanded she reappraise her life and follow her true passion:  property investing.

Wendy now educates, empowers and inspires others and says, "It's all about education and gaining from other's experiences. I'm passionate about helping women become financially independent through investing in property."

You can learn more about Wendy and her courses, programs and products at her website, www.affluencia.com

Manage your Subscription

You may absolutely share this newsletter with people you think may enjoy it. When doing so, please forward it in its entirety, including our contact and copyright information. Thanks and enjoy!

Affluencia Newsletter is written by Wendy Moore.  If you have any questions or comments, please send them to: contact@affluencia.com

Affluencia.com, GPO Box 2000, Melbourne Vic Australia 3001
Tel: 61 (3) 9686 2288 Fax: 61 (3) 9682 4010
Email: info@affluencia.com

Copyright 2009 Affluencia Pty Ltd. All rights reserved.

Disclaimer: This newsletter is not intended to be a substitute for investment or professional advice.  It is a broad discussion to provide a general understanding. Before acting, you should seek specific professional advice for your unique situation.

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