In this video I discuss when will the gyms reopen in the UK. Gyms and pools are set to open july 25th in England, however financially will they survive the hit they have taken?
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In this video I explain what the Stamp Duty changes are in the UK. Rishi Sunak the chancellor announced a stamp duty holiday to boost property market in the UK, however what does that actually mean for you as a buyer?
Don’t forget to hit the like button if you enjoyed the video!
Money is something what we all must have a good healthy relationship with.
And that is such an important thing to realize, you have a relationship with money.
Now I am not saying you will go on a date with your money, but you need to see your money or money in general as your best friend.
Let me give you a personal example.
One of my mentors is a frugal and phenomenally successful investor, who is very wealthy.
He screams abundance and lives an incredibly happy and stress-free life as his money works primarily for him.
So, when I asked him what his relationship was like with money he replied with the following:
“My best friend is my wallet, aka my money!”
I was a bit confused I never heard that statement before, and I was desperate to ask him in a little more detail of what that meant.
Basically, by “money being his best friend,” it means he can pretty much do whatever ever he wants, and it is always there for him.
“People come and go,” he continued, “but I made sure I got into a position that money was always there for me.”
I found this philosophy fascinating and seeing him as one of my most important financial mentors, I was really impressed with how he viewed money in general.
Which begged the question, “what are money mistakes to avoid making money aka my wallet my best friend?”
And full disclosure I am not saying do not have any friends, but make sure your money works for you, not you work for money.
That is another problem most people have as well.
People are always chasing money, where as my mentor has found a way to make money chase HIM.
At the point of writing this, I did not realize that I was receiving money coming in from two of my several income sources.
And without realizing just like that “money is working for me.”
But what you do not realize is the years of hard work, and hours of blood, sweat and tears to get to the stage where money comes to me without really doing anything.
It is important to understand how big a factor your mind plays in this, and I have many videos on this channel discussing exactly how you can adjust your mentality so that you can attract money into your life effortlessly.
However, there are 8 mistakes you must avoid in the meantime when it comes to money.
If you eliminate these mistakes, I assure you, your life will change dramatically.
And full disclosure I am really annoyed this is not taught in schools, because this information can literally make or break a person.
And, most of your assumptions of money have either come from your parents, your boss, or friends you associate with.
It is time to wipe the chalkboard clean and go back to the drawing board.
#1 – Acting Beyond Your Means
This is a difficult one because it kind of contradicts what the law of attraction says, yet it doesn’t at the same time.
By acting like your rich, you become rich.
I genuinely believe it.
But by spending money like you are rich, when you are clearly not, is not a good idea.
Instead simply by walking, talking, and acting like you are, 100% works in adjusting your poor mentality to a rich mentality.
But spending all your money on an expensive car, house, or vacation is NOT the right way to do it initially when you cannot afford it.
If you are spending money to impress other people, then you are NOT living the right way either.
You should spend your money on what makes you happy, NOT what makes others impressed by you.
For instance, I bought an awfully expensive watch last year, yet I hardly wear it.
I wear the $50 one instead because, it makes me happy.
You must avoid social media too when it comes to money.
Every person is different with their money, and yes they may have fancy cars and luxurious lives but you do not know if that is funded by wealthy parents or they too have crippling credit card debt looming over them.
Never EVER spend beyond your means to flaunt a lifestyle you cannot afford.
That will set you up for crippling debt that will bring you to your knees financially.
#2 – Gambling, Cigarettes and Drugs
I have sadly to say spent and lost loads of money in my past on these vices.
There is a reason why they are called vices because they are destroying your health, and especially your wallet.
Gambling is literally like burning money, and I luckily have become free of this horrible addiction.
But cigarettes for example are burning a hole in your pocket daily!
If the average smoker decides to smoke a packet a day that is roughly $10 a day going on cigarettes.
That is $3305 a year on cigarettes!
Think about what you can do with that money!
You can clear credit card debt, go on a vacation, or even treat yourself to something luxurious.
Nothing good has ever come out on spending money on those three things.
Kick your habits in the butt as soon as possible!
I have said this before and I will say it again, but if you quit these vices you will become rich.
I am dead serious, please trust me on this.
#3 – Hoarding Cash
There is an old fable of a man who saved money for the whole of his life.
And he kept saying to himself “when I retire, I will be rich.”
So, he saved and never invested a penny.
And the moment he finally retired; he was sat upon a huge pile of money.
But sadly, when his income stopped that’s where his problems began.
He had huge house repairs, he was living a life beyond his means, and slowly but surely his money completely disappeared!
The man died poor, even though he played it safe and never took a risk.
Basically, what can we learn from this?
If you hoard and be a miser, you are inevitably going to lose your money.
I have not even factored inflation at this point, and in case you did not know the value of cash and money itself is falling every year.
By simply not doing the right thing which was making money work for him, he worked for money and life inevitably told him where to put his money.
Instead he could have invested his money and made his money work for him.
So by the time of his retirement he would still have savings in the bank, but also multiple sources of income coming to him every month to fund his new lifestyle.
Never think just saving for the rest of your life and hoarding your money is the right approach because you will get burnt badly and that money will run out eventually.
It’s like those who inherit money from wealthy family members and are useless with money.
Chances are they will blow all that money on fast cars and big houses only to find that they never invested and cannot afford their lavish lifestyles.
#4 – Bad Investing
Now I am not a financial advisor, you should always seek the advice of a trusted professional in where to put your money.
However, let me give you a personal story of somebody who invested badly.
Shortly after the 2008 financial crash, a guy I know inherited money from his dead grandfather.
It was a substantial amount.
Then he received a financial tip from a person he barely knew that “property in Eastern Europe is cheap and a sound investment, guaranteed to double in 10 years.”
Without hesitating, he took a flight over to that country he was advised to invest in and invested ALL of his inheritance without consulting anybody.
5 years later he lost 50% of his money, the market of that country collapsed, and the houses he bought were not structurally safe either.
FYI I am not saying Eastern Europe is a bad place to invest!
I am saying he just went on a hunch and invested his money with no research at all and got severely burnt.
He also paid over the odds because he knew NOTHING about what he was buying.
But guys, that’s why we have the internet, mentors, advisors who are experts.
Do NOT be like this guy and be so reckless with your money!
With the amount he lost he could have bought 2-3 homes in London and been well off financially!
Instead, he felt greedy, was rather foolish and lost a fortune.
#5 – Not Covering Expenses
When I was in my 20’s I was useless with money.
Let me emphasize that I was USELESS!
I had NO IDEA what I was earning, or what I was spending.
I just used to go around and think money will always be there working for me, and I spent way beyond my means.
However, when I had business problems a few years back, that was when I was truly on my knees confused about what I was doing.
It was that moment I spoke with my father, who was an accountant of all things by profession and I asked him how to handle my expenses.
He told me to get open an excel spreadsheet, sign up to internet banking (which I didn’t have), and total up my expenses.
Then after doing that he advised me to multiply my monthly expenses by 3.
His advice was simple, “have 90 days’ worth of expenses, at all times, as a safety net if things god forbid go wrong.”
Ever since doing that, I have managed my money so much better.
By those who are living pay check to pay check, and living for the moment is only good short term, because life is a marathon not a sprint.
Total your expenses and do the 90-day expenses fund and leave it somewhere that it CANNOT be touched too.
This is the epitome of the rainy-day fund, and it will save your backside if need be.
#6 – One Source of Income
A guy I know personally was really successful at his job, and earnt a really good salary.
However, by doing so, he lived the good lavish lifestyle, fast cars, huge apartment you name it.
But suddenly, the recession happened, and through no fault of his own he lost his job.
He worked in a real specialist field, and there were no jobs like what he had at all.
He also blew all his money on unnecessary expenses.
And by doing this his one source of income disappeared making him financially bankrupt.
The secret to financial success is to have multiple sources of income.
Just today I received two payments from two completely different sources.
It is time to diversify your portfolio or to have several jobs or hustles and to NEVER rely on just one thing.
Those who truly master this become multi-millionaires.
#7 – Afraid to Take Risks
Think back to the frugal man who saved all his life for his retirement.
Risk takers are successful.
However reckless risk takers are losers.
There is a huge difference in the two.
When I first invested in real estate, I never bothered checking how much the property went up or down, because I am in it for the long haul.
I do not like quick money scams, or fast money opportunities.
I like the long run.
Look at my brand SCG SHOW I have not earnt a penny from it, but I see the bigger picture.
By working hard and building up my brand, in the future it will generate me money.
The risk I have taken is time, and energy because I believe in the project.
If you have money sitting in the bank collecting dust and losing value due to inflation, why not TAKE it so you can get it to produce an income.
Speak to a financial advisor and do not be afraid to take calculated risks.
A calculated risk, is one where you have weighed everything up and said, “it looks viable lets go for it.”
Do not feel scared, trust yourself and do not put all eggs in one basket.
Nobody did not get successful in anything in life without taking a risk.
#8 – Living for Today
Here is a perfect example of someone I know.
He was living pay check to pay check and he had a pretty average job as a chef.
Suddenly he thought “I want a new car!”
So he went an put a deposit down on the best sports car he could afford.
This guy literally had only $500 in his bank account.
Suddenly the pandemic happened, and he was fired instantly.
Sadly the restaurant never reopened, he also couldn’t find another job.
And now last I heard he was eating a cup of beans for dinner every single day.
So, my point is amazingly simple do not live for today.
Yes you can treat yourself occasionally, but living for today only damages tomorrow.
Let me tell you something you can bargain with the future for making sacrifices today.
So by NOT overspending, especially on fast cars and expensive items, you can bargain with the future to have enough money to spend it on a bigger house, a nice watch, or a luxury vacation.
These are money mistakes that you must avoid to have a better financially independent lifestyle.
In this video I ponder is Tik Tok banned in america, and whether it is the right thing to do. Is the app doomed to be banned in the states?
In this video I ask if is it too late to buy tesla stock?
Waking up is one of the hardest things to do!
No, I am being serious here!
Yes, I had a friend who suffered from chronic fatigue, and he could not ever get up!
Or take my other friend, who suffered clinical depression, he could not get up at all!
Now I know those are extreme examples, but it is important to note that it really is a bit of an achievement waking up and getting out of bed.
Count your blessings there!
Ok motivational talk over here, let us face the facts.
Ever get up feeling so sluggish?
Like you are almost hungover?
It sucks do not get me wrong, but I started applying these tips to my life and it has profoundly changed to stop feeling tired in the morning upon awakening.
And I hope you can apply a few of these to your lives too, and if I have left anything out at all please by all means let me know I would love to hear your tips!
And, FYI most of these tips are natural and I have tried them all, I would never endorse anything that is incorrect or dodgy.
Just covering myself there, ok let me share these tips:
- Avoid Caffeine, Wine, or Chocolate before bedtime
These three things despite how delicious they all taste (obviously not together at once but hey whatever floats your boat), can wreak havoc on your digestive system when you are in bed.
Sleep is obviously all about relaxing, switching off, your mind, body and indeed your soul.
So that cup of coffee is going to keep you wired despite being exhausted and even though you are asleep or trying to your stomach will not know the difference.
Coffee, wine, and chocolate are examples of stuff that can disturb your digestive system, so refrain from these items for as long as possible prior to sleep.
Try getting them in by the latest midday, if you have to.
I know I have always felt far worse when consuming wine the next day, there is the obvious dehydration aspect too of course.
- Do not hit the snooze button
Some of the leading motivational speakers in the world stress how hitting the snooze button psychologically has an enormous impact on your day.
Do not get me wrong, I adore the snooze button, but let me offer you a fresh perspective on this.
You see if you hit the snooze button after waking up, that is the very first action you have taken of the day!
And your first action is basically “I am too tired; I want to sleep.”
Spending an extra 10 or 15 minutes thanks to the beloved snooze button will cause what scientists to have described as “fragmented sleep,” which has major consequences for your ability to function throughout the day.
9 out of 10 people who regularly hit the snooze have reported to be far more tired throughout the day.
Also, it will have a huge impact on your productivity, as I stress again, it is the very first action you are taking of the day!
- Focus on something positive
During the coronavirus lockdown I was exhausted constantly, sadly I had a lot of family issues and stress during that awful period.
So, I was so tired, I went to bed late, woke up late, and had so much on my mind.
It was traumatic, and I feel sorry for all those who suffered in that time too.
Naturally, I was also hitting the snooze regularly, but as well as that I was feeling just so negative.
I was feeding the stress and anxiety of my life by watching the news, but then I instead started working back on SCG SHOW my channel and blog, I realized I hit 1k subs!
Then, I started focused on trying to get monetized, and I sent off the channel to YouTube to get reviewed!
Then lo and behold, I got an email at 7am saying I was approved!
I jumped right out of bed and started working on monetizing my videos at once!
I was happy, but more so I was focused on the positive!
By focusing on the negative, you are wreaking havoc with your energy levels!
You will be in bed, stressed, down and miserable, sluggish because there is no reason to get out of bed.
Wrong, there is, and if there is not a reason in your life, then make one!
Whatever you choose to focus on, starting the day with a real sense of enthusiasm and excitement will set the precedent for the rest of your experiences.
- Splash your face with water
I was watching Snow White a few months ago, and the Seven Dwarves have a song about washing up before dinner.
And they sing about splashing their face with water and giving it a good scrub!
How simple, yet so effective.
And whilst cold showers are great, sadly they are not really for me.
By splashing water in your face, it signals a temperature change in your body almost instantly.
And by the way it also works perfectly with warm water.
But if you are finding it even more difficult getting to the bathroom, you can keep a spray bottle by your bedside and truly let yourself have it in the morning!
- Drink a FULL glass of water
My father was an expert at waking up and not feeling tired.
And this was a hard-working guy who would do a 12-hour shift almost daily!
One tip he did was pour himself a huge glass of water.
He would stand up and drink the entire thing!
We’re talking 500 ml!
Fatigue and dehydration go hand in hand, and even a mild case of dehydration can lead to you feeling awful in the morning.
So by drinking that glass or bottle of water in the morning will in fact really freshen up your entire body before you get moving.
And guys please do drink more water throughout the day!
Avoid the caffeine and red bull etc, and stick to simply good old-fashioned water.
Chances are whenever you feel tired throughout the day, it is most likely you are just dehydrated!
YouTube is a minefield of misinformation these days.
One channel will tell you how to grow subscribers in 30 days.
Another will tell you how to do it in one year.
So on and so forth.
It is a little bit if I was to be brutally honest all over the place.
At the end of the day, you need to want to treat your YouTube channel seriously.
That is what I did, I took SCG SHOW as seriously as anybody could.
And by serious I set myself out the target by late 2019 to hit 1,000 subscribers by June 2020.
And lo and behold, I hit that target.
In fact, I had written in my personal notes that I would hit the 1k mark by exactly the 20th June 2020.
The official day I hit that landmark was by 24th June 2020, so in fairness I was just a little bit off.
How did I do it?
Well let me explain.
First, there is an element of luck with YouTube.
You can have a video blow up automatically and with hardly any subscribers.
I started growing from January 2020 so to hit my target roughly six months later is a wonderful achievement.
So wonderful that I was excited to see where the journey of YouTube will take me.
But I digress.
But around the same time I started so did other channels, with worse seo, worse thumbnails, and even worse audio!
Yet one channel who will remain nameless blew up from 36 subs to 3600 subs in one month!
They were talking about a trending topic, the competition to rank was low, it was a highly searched term in the title, and there went the YouTube algorithm.
Straight to the top, thousands of impressions, and views, and boom they have thousands of subs.
But again, lets go back to my experience.
Firstly we want to be realistic.
Believe it or not, there is a study done on the average amount of videos most channels have with 1000 subscribers.
Do you know what that number is?
The average YouTube channel with 1,000 subs has 150 videos on their channel.
So if you only have a handful of videos on your channel, you need 150 on average to hit that target.
But again, there is so much more.
Here is what I did.
Up until March 2020 I was on average uploading videos every day.
My channel is all about subjects I enjoy talking about, and that includes YouTube growth.
I am a professional life coach, so I discuss health, business, finance, but also other stuff too.
The key here is SHOW aka I am SCG and it is my show.
And I want to talk about whatever I want.
If I want to review a movie, talk about saving money, host a podcast I can.
As long of course as it is nothing, hateful, or violent, or goes against YouTube’s policies.
If I knew how to stream on my Nintendo Switch, I would do that too.
So that is why my channel is a little bit different.
People insist “niche down, focus on only a handful of topics.”
But I want to break the mould!
I want to create so many videos because I like to educate people around the world on different subjects, but also it is about keeping people on YouTube.
YouTube wants people on YouTube for as long as possible.
If you have only a few 5-minute videos you will not retain interest on your channel.
Here is the key to what I did.
I wrote a list of all the subjects I wanted to create videos about.
I then had subheadings underneath them.
Take YouTube growth as an example.
There are so many subheadings on YouTube growth such as why to start a channel, how to vlog, how to do keyword research.
I have no doubt you have a lot to talk about, so why not make a list of things you like.
I know a guy who loves comics, movies, and gaming.
So all he does is talk about those three subjects and sometimes he vlogs, and also talks about mental health.
Because again its HIS show.
It is HIS YouTube channel.
So the key here is to just keep creating content.
I suggest doing daily videos.
Yes, do a video a day.
YouTube is seeing the highest amount of traffic ever due to the pandemic, and a lot more people working remotely or from home.
So it has never been a better chance to start taking YouTube seriously.
Think of YouTube as a brand.
There are so many types of casual YouTubers out there.
Ones who like to do it on the side, for fun, or just when they can be bothered.
If you are watching this video you are most likely just like me, you want to do this seriously.
Treat YouTube like a full-time job, even if you do not earn a penny from it for an awfully long time.
I have just been approved to be monetized by YouTube and you can too, but it will take time.
Do not believe these accounts who claim you will get 1000 subs in a month; I am telling you the cold hard truth.
I know you want a quick fix; I know you want it now, stop being a millennial and face the music.
It is a grind.
So firstly, make your plan, and list of content.
Choose several topics and keep writing and producing.
It does not need to be professional, but make sure it isn’t crappy too.
But one underlying issue people have is their thumbnails.
I get it, people love having their face in their thumbnails with massive text alongside them.
Good for them, but for me that is not how I roll.
Having a great looking thumbnail along with creating good regular content and applying solid seo and keywords is the formula.
Do not steal somebody else’s videos or music, do it all yourself.
Put your own twist on things.
You can draw interest from others, but apply your own knowledge, wisdom, and experience.
Lastly for god’s sake do NOT buy views, subs or likes from fiverrr.com or any other website.
That is a sure-fire way to get your channel banned or removed.
It is NOT genuine; it is not real and it IS illegal.
And please be patient, yes I know you want it now, I get that.
But there is a real satisfying feeling to achieving your goals, trust me on that.
When I hit 1k and then I applied for monetization and got approved, I smiled.
Because I knew all the hours, blood, sweat and tears I put into SCG SHOW.
And honestly I love this channel, and I hope you do too.
See if you love what you do, then it really isn’t work.
But focus on those things I told you, yes other YouTube channels may say otherwise on how to grow, but as I say in every single video on my channel I am just trying to be real with you.
Discipline is especially important in this time pre, post or during a pandemic.
By discipline I am referring to expanding your knowledge and wisdom to become a better version of yourself.
As a former addict, I realized that the better version of myself.
The only way anybody can improve themselves properly is by learning.
By learning and adapting your brain and soul you can do extraordinary things.
Some of the greatest minds in the world such as a huge influence of mine Warren Buffet, is an enormous reader.
So what exactly is the 5 hour rule?
Let me explain.
From what I understand, the 5 hour rule is about allocating 5 hours a week Monday to Friday to learning.
The top CEO’s and entrepreneurs and experts in their fields NEVER stop expanding their knowledge.
Therefore, there is no real reason you shouldn’t be doing the same either.
So I know what you are thinking “but I don’t have the time I am extremely busy.”
Well look at former President of the United States Barack Obama.
Being a President is a pretty busy job right?
Well Obama STILL dedicated time to learning and expanding his knowledge, and even said “I would not have survived in the White House without reading certain books.”
The president dedicated time to read, so he can lead.
Think about what you can achieve!
Whether it is on your commute home or to the office, that period whether it be 15 mins or 60 mins can be dedicated to reading.
There is something special about reading, here is my take on it.
It relaxes me, it also expands a part of my brain technology, social media and even friends and family cannot.
It forces me when holding the book or kindle in my hand to actually expand my imagination.
It makes me actually picture what is being described to me in the book, whether it be fact or fiction.
And by the way guys, fiction is actually great for your brain.
Because it forces you to imagine places and creatures that are not real.
So don’t think you have got to read self-help books and history books at all.
Reading itself calms your mind, lowers your heart rate to a relaxed almost meditation like state, and triggers endorphins!
Also you are opening up receptors in your brain that nothing else in your body can!
Think about it, you do the 5 hour rule for an entire year aka 52 weeks that’s 260 hours dedicated to improving your thinking.
So firstly dedicate time every day to reading.
Even if you are not a reader, do not fret you have audiobooks!
Yes if you drive to work you can kill time listening to the audio version of that very book you were set out to read.
That way, you are killing two birds with one stone!
Reading and driving!
Learning while driving!
Discovering audiobooks truly changed my life.
So you have no excuse!
Remember this quote from Abraham Lincoln, “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.”
Let me now discuss how you need to be when it comes to reading.
So firstly lets begin with reading itself.
Do not read a book while driving or operating heavy machinery.
But even if its 20 mins, 10 mins, anything read!
Yes, get the book out and read.
Or do what I do, buy a tablet and read on kindle!
I find the kindle a life saver as I read a lot of books, and it is so light I can take it with me on a plane, train, bus wherever!
It is so much more effective and easier to use.
So firstly dedicate the time and try your hardest to find at least 5 hours a week.
By the way spread it out, if you can only do 20 minutes Monday, try for 40 minutes Tuesday!
But make sure come the end of that week you have hit that 5 hour target.
The next thing to do is reflect.
Think about what you have just read, or listened to.
And when I mean think I mean truly put the book down and try to emphasize with the character if a fiction story, or even the person sharing their experiences if the story will be true.
Try to put yourself into the shoes of the author or the person who has shared their story.
Realize that there is a reason why the book was written, to teach a lesson, share an experience, or better yet to entertain you.
Or even to motivate you through a difficult time or a problem you had no idea how to resolve.
Sometimes its easy to go onto YouTube or Google and search the answers.
But when we take the time to truly listen to each other, and reflect, that is where the magic happens.
Which leads me to the most powerful and important tip of all when it comes to the 5 hour rule.
And in fairness I stole this from Dr Jordan Peterson.
Well adapted lets say, and he says “to measure whether you truly listen to somebody is to explain back to that person in as much detail what they just said to you.”
Take this with the book you are reading.
So if you just reading a story about how to start a business and the chapter be about “raising money,” dictate to yourself or to a friend of family member as much as you can.
Go into as much detail as possible what you learnt, or if you want to start this yourself go ahead.
Sometimes we just read or listen, and nothing sinks in.
We want our receptors in our brain to be on, and therefore the way to truly ignite that is to explain after reflecting what you just read.
That way your brain has truly taken it in, and suddenly you’ll awaken things you never thought your mind can achieve.
Try it, and let me know how you get on!
In Episode #23 of the Lockdown Show Podcast Russell Wellbeing joins me to discuss the state of teaching and the future of education.
Dr Kevin Vost returns to the Lockdown Show Podcast to discuss the pandemic of loneliness which is spreading across the globe.