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Mark My Words
Mark My Words episodes
- Sterling Stagflation Crisis & What will Really Happen When Furlough Ends?
In this informative and frank episode, Mark talks about the current Sterling ‘crisis’, he also explores what may happen when furlough ends and the wider economic impact this will have on the country.
KEY TAKEAWAYS
- Stagflation is when you have low growth and high inflation. This is what has been suggested will happen next, not helped by all the recently gloomy headlines around supply of materials, products and lack of workforce. The bank of England expects inflation to drop once the supply issues are solved but many markets are not convinced in the short and medium term.
- There were a lot of rumours that unemployment would rise to unseen numbers when furlough ended, but so far this hasn’t happened. There is a lot of demand for people in various sectors due to Brexit so there appears to be plenty of jobs out there right now.
- Furlough was very specific, it was designed to support industries that would otherwise be doing well if it was not for the pandemic. In the future, if unemployment is due to the economy then it should be allowed to naturally end.
BEST MOMENTS
“Demand being as it is, this is clearly going to increase prices”
“Was the furlough scheme a good thing?”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
16 min - REWIND: How to Make BIG Money in Fine Wine
Are you an entrepreneur out there who wants to know and invest in liquid assets like wine and see huge returns on your investment? In today’s episode of Mark My Words, Mark and innovative entrepreneur and investor Daniel Gurr discuss in detail the opportunities in wine investment, how to store your wine to avoid damage, the benefits of investing in wine over other investments and why now is as good a time as any to begin to invest liquid assets.
KEY TAKEAWAYS
- Financial markets and how the traditional remit of investments have changed over the past decade. That's due to financial market volatility and of course, the environments of record-low interest rates we find ourselves in, so traditional investors are starting to look outside the mainstream box and adopt strategies within alternative asset classes. Fine wine has characteristics which enable the markets to have a very low correlation to other financial markets. With, of course, the trajectory of the market over the past 10 years, we've got consistency, of course, with the market being demanded by the higher echelons, which is increasing year by year is a good time to invest into the asset class itself.
- You might come into the market and ask how is the price going to keep on going up in value? The fine wine market has two very unique characteristics.
- It has an ever-increasing demand because of course, it's a consumable asset, but it's also an asset that increases its quality over some time. So straight away what we've got here is a market that's got finite supply, ever-increasing demand because the wine is maturing, but it's also got an ever-decreasing supply.
- The best thing about fine wine is that it works off a compound interest formula. It's interest upon interest upon interest. So in your first year from that asset, you might see eight to 10% but come that second year, the circulation is decreasing.
- All of the client’s wine is stored and insured and as long as it's stored in HMRC regulated facility, the wine will stay in that bonded warehouse for remaining of its life. So, therefore, duty and capital gains tax are not applicable.
- If you had two investors that wanted to come up to you and invest into property, one was a complete novice and never invested into a property before, you're probably not going to introduce them to an HMO or commercial conversion, whereas if you've got someone that has been in property, they've got a background in property, you would introduce them to something different, and that's the same for wine. They can sort of diversify and get into the slightly riskier stuff and make higher returns once their knowledge grows.
- Red wine is at the core of investment, what about white wine investment? That is more so into a specialist market. What we advise clients is we look at the red wine because of course, with regards to that it all comes back to history and with ourselves, if we're putting our name to what we're suggesting you as you can appreciate, we have to know the full corporate background of that particular wine and it's not to say white wines don't go up in value but of course, they don't have the history and they don't have the corporate background to what red wine has.
- Where and how do you store wine? There are a few storage facilities in the UK. They’re HMRC regulated facility. They're holding it 13 degrees here, away from sunlight, away from the vibration. If you're going to store wine yourself, it has to be stored at the right temperature. As long as you keep red wine at a consistent temperature, because if you've got the uncertainty affecting that wine, that there will be an effect there.
- There are different subsidiaries, you've got Octavian, you've got LTB and you've got AHD just to name a few, but I'd be phoning them and asking them how this business is? How long have you been working with that particular company? Would you say they're credible? And get their opinion. Also ask the question, "Do you have a wine that you're trading to me? Is this currently in your account?" Or are they taking your funds and then going out to source the stock.
- Why is wine better or not better than other physical assets? The direct answer to that is fine wine has characteristics that other collectables and other alternative investments don't have and that would be fine wine matures as time goes on. So it has an ever-increasing demand, but because it's a consumable asset, there will be a time where the availability of that wine is going to run out.
BEST MOMENTS
- “Bullshit baffles brain.”
- “The quality of the wine improves over time as it gets older unlike a watch or a car.”
- “As people drink it, there is less of it, therefore; the supply side and the demand side should become more favourable over time pushing the price up.”
- “I believe fine wine is a great way to insulate your wealth when there is economic uncertainty and even more so than gold.”
- “Fine wine is inverse to cyclical trends and cyclical trends being traditional re-investments.”
VALUABLE RESOURCES
- Book called Investing Into Liquid Assets
ABOUT THE GUEST
Daniel Gurr is an entrepreneur helping people reach their financial objectives by creating innovative and exciting strategies. Daniel is one of the portfolio advisers and has been with Elite Fine Wine for 3 years after transferring from a wine merchant in Australia over to the UK. Daniel has been instrumental in the accelerated growth of Elite over the past 2 years and played a key role in the development of some of our more junior team members.
CONTACT METHOD
- LinkedIn: https://www.linkedin.com/in/daniel-gurr-665b6014a/?originalSubdomain=uk
THE HOST
Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.
CONTACT METHOD
- Email: [email protected]
- LinkedIn: https://www.linkedin.com/in/markhomer1
- Facebook: https://www.facebook.com/markprogressive
- Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
39 min - Q&A on Property, Investing & My Dream Car Revealed
A great session with Mark where he answers some interesting and engaging questions around his current projects, his life in an alternative universe and even his dream car!
KEY TAKEAWAYS
- Mark has had plenty of issues with his current aspect building project, but he is aware this isn’t unusual for a project and development of this size.
- Three/two bed terraced houses in not the ‘best’ but also not the ‘worst’ areas is always a good way to find a first property with good yield.
- So far there has not been a property crash, in the short term the risk from coronavirus seems to have faded away, helped massively by many of the government schemes.
- Other than property, Mark would invest in gold, watches and bitcoin; but always being risk averse and only putting a small percentage in.
- Have various multiple income streams, across different (but related) businesses to help you diversify your income and protect yourself from disruptions.
BEST MOMENTS
“If you buy the right watches that are controlled in their supply they can be a good investment”
“Hi Mark, your books are better than Rob Moore’s!”
“Inflation erodes the real value of your mortgage”VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
30 min - REWIND: Champagne Cars for Lemonade Money
A great session with Mark where he delves deep in why contact hiring cars was one of the best decisions he made and why it can work for you.
KEY TAKEAWAYS
- Mark figured out that contract hiring cars may be a better option for him and his business. He tested this with a business car and now he can’t recommend it enough. The benefits outweigh owning a car outright, both financially and in terms of convenience.
- You can easily access an online search engine that compares all the internet brokers for contract hiring cars which takes out a lot of the effort of finding the right option for you/your business.
- Timing can get you a great deal. March and September in the UK is when number-plates change, dealerships and manufacturers have targets to meet so February and August are prime times to be looking for a fantastic deal.
BEST MOMENTS
“It’s a cheap way to access cars”
“Champagne car for lemonade money”
VALUABLE RESOURCES
http://www.contracthireandleasing.com
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
28 min - Will The Economy & Property Market Crash
In this episode, Mark discusses the current state of the UK economy and the property market. He gives his opinions on interest rates, stock picks and the current situation regarding the "Property Bubble" as well as some predictions on what we can expect as the world recovers from the covid pandemic.
KEY TAKEAWAYS
- 18 months on from the pandemic, the outlook is generally more positive. Banks are lending again, house prices are good and inflation is starting to pick up.
- Both the bank of England and the Federal Reserve believe that interest rates are going to stay low for an extended period of time.
- Lots of opportunists around the world will ramp up production so towards the end of the year shortages will be less of a problem, especially in regards to building materials. Availability will shoot up and prices will start to go down.
- It is hard to hire for almost all types of jobs at the moment.
- People are averaging just 4 contacts per day (with people) when it used to be 10 pre-pandemic. Things have not returned to normal in this respect, the wider impact of this on businesses is huge.
- UK Residential property is growing strongly. It is predicted that this will continue throughout 2021.
BEST MOMENTS
"Interest rates are likely to remain low for an extended period”
“Working from home is an aberration and something that needs to be corrected asap”“Tech has done really, really well”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
16 min - 18 months on from the pandemic, the outlook is generally more positive. Banks are lending again, house prices are good and inflation is starting to pick up.
- The Secret to a Successful Business Partnership
In this episode of Mark My Words, the roles are reversed as Mark is interviewed by Ellie McKay from the On a Mission Podcast. They talk about Mark’s own journey into property and business, Covid and Mark’s mission in life.
KEY TAKEAWAYS
- Mark grew up in a nice environment, including private schooling and travelled a lot. In Mark’s own words, his Dad was “tight beyond belief” and some of this rubbed off on him and helped shape his view of money.
- Mark’s first entrepreneurial venture was when he was just 15, importing cars from the EU and taking advantage of the weak euro at the time. However despite this he still went to university and went onto a graduate scheme afterwards.
- Mark bumped into Rob Moore at an event, they started talking at the bar and the rest is history! They now own one of the largest property training businesses including a large portfolio of properties and investments.
- Mark is the co-owner of the leading property training company in the UK. He started learning about what he does himself from a mentor, he then took some courses to learn more but most of his knowledge and expertise has come from him actually doing the work. There has been a lot of mistakes and a lot of trial and error but that is why he is so successful today.
- Covid has had so many different implications for businesses. For Mark’s business, it meant that they literally couldn’t operate their events, what they did was suddenly illegal. However, this did mean they had to pivot, and fast and have been running multiple successful live courses online!
BEST MOMENTS
"It’s important to control the cost but time is your most valuable commodity”
“What is freedom day?”
“It’s a solution based mindset, don’t wish it was easier wish you were better as you can’t control this stuff”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
53 min - Mark grew up in a nice environment, including private schooling and travelled a lot. In Mark’s own words, his Dad was “tight beyond belief” and some of this rubbed off on him and helped shape his view of money.
- The Relationship Between Mindset and Entrepreneurship.
In this episode of Mark My Words, Mark discusses how an entrepreneurs mindset can be the difference between success and failure. How having the right mindset can make you resilient, adaptable and set you up for a successful and sustainable entrepreneurial journey.
KEY TAKEAWAYS
- It’s natural to have negative voices and ideas in our minds. They are linked with fear and advise us of danger and risk. Without these thoughts individuals would not be aware of very real danger – they are important for our survival as human beings.
- Often these voices are not useful to us, we can learn to ignore/tune out negativity that is actually detrimental to us, doing this is one of the ways we can be successful in business and in other areas of our lives too.
- What voice serves you and your situation best? Almost all of the time this will be something that is positive and provides you with confidence, helping you make better and more strategic decisions.
BEST MOMENTS
"Every entrepreneur will hear doubtful voices from time to time – the only difference is how we deal with them”
“I know this can hold me back and it’s not great for progression, for development, for creating new businesses”
“Your mindset will drive your success”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
10 min - It’s natural to have negative voices and ideas in our minds. They are linked with fear and advise us of danger and risk. Without these thoughts individuals would not be aware of very real danger – they are important for our survival as human beings.
- How to Be an Entrepreneur, Make Money & Build a Business From Zero
In this episode of Mark My Words, Mark is interviewed by Kurt and Diane on the Back to Business Podcast!
Mark discusses his upbringing, wealth, investments and his own ethos as well as many hints, tips and ideas to be a successful entrepreneur.
KEY TAKEAWAYS
- Mark’s Dad was always very careful with money and this instilled the belief in Mark that you saved money to make money. This also meant he was taught ‘delayed gratification’ which helps him with his future and has helped him build his wealth.
- Although Mark’s Dad was very frugal, the older he got the more he was exposed to how the other half lived, especially when he went to boarding school. This made him want this kind of lifestyle for himself.
- There are many common mistakes people repeatedly make when getting into property. One of them being ‘shiny penny syndrome’ this meaning that they do too many strategies not very well. It is wise to start small so that you can get experience and understand where all the risks and control points are.
- We are taxed on everything in the UK but there is no capital gains tax on owning your own property. Capital growth has got to be around 5% a year, with that being said by getting a fixed 2-3% rate on a mortgage for your home, you will essentially live in your house for free or even make money on it.
- These are the times where the rubber meets the road. Residential is generally less risky and in the last recession, commercial was hit harder, however, next time it may be another industry affected. The next recession will not be like this one and different businesses get affected in different ways. You don’t know what will cause the next recession so now may be the time to diversify into other tenant types.
- Many people will have goals they wish to achieve but rather than cracking on with it, will procrastinate. It is important to have the ‘start now get perfect later’ mentality. As you progress you will instinctively see more risks and problems. Start small and therefore the risks are going to be smaller.
BEST MOMENTS
"Champagne lifestyle for lemonade money"
“My home doesn't cost me anything.”
“Am I going to be out of stock with property? No.”
“Everything just suddenly came together.”
“These are the times where the rubber meets the road.”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE GUESTS
ABOUT THE HOSTS
Kurt Wilson - Entrepreneur, Internet Veteran and Property Investor with multiple 7 figure businesses and property investments in UK, GI, LT, BY and GR. CEO and founder of advansys (www.advansys.com) a global ecommerce, web development and online marketing agency headquartered in the UK.
Di Forster - Entrepreneur, Property Investor and Mum with exceptional grit. Expert in all areas of Online Sales and Marketing (SEO, PPC and Conversion). Quit corporate life and now enjoys working with and helping others grow and scale their businesses.
CONTACT INFO
INSTAGRAM.COM/KURTWILSON.UK
INSTAGRAM.COM/DIFORSTER.UK
WWW.ADVANSYS.COM
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
1 hr 32 min - Mark’s Dad was always very careful with money and this instilled the belief in Mark that you saved money to make money. This also meant he was taught ‘delayed gratification’ which helps him with his future and has helped him build his wealth.
- Reacting to Dogecoin, Best Areas to Buy Property - Open Q&A
In this episode of Mark My Words, Mark reacts to Dodgecoin and gives honest answers to Q&A’s around investing, buy to let deals and more.
KEY TAKEAWAYS
- When looking for property, Mark usually consults with local letting agents to see where he would get the best yield as well as getting the right kind of private tenants. Going for an area in the UK with lower property values but where you can find good tenants is your safest bet at making good profit.
- Mark is not buying dodgecoin, it’s not something he knows much about and he makes a point of never investing in things he doesn’t fully understand.
BEST MOMENTS
“I would always go for a higher yielding, lower property value area because I think that keeps you safe”
“Invest for the long term”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
7 min - When looking for property, Mark usually consults with local letting agents to see where he would get the best yield as well as getting the right kind of private tenants. Going for an area in the UK with lower property values but where you can find good tenants is your safest bet at making good profit.
- How to Save Thousands in Property Profits | Deep Dive Tax Advice From My Accountant
In this episode of Mark My Words, Mark speaks to his accountant, Chris Wilkins. Chris has been Mark’s accountant for 11 years now! Chris talks about property tax, HMRC enquries, property structuring, changes in corporation tax and more.
KEY TAKEAWAYS
- The thing that was right at the front of property people’s minds when Chris was last on the podcast was section 24. Now it has had a full effect, mortgage interest for a residential property is not deductible in your rental accounts, it’s a tax reducer. There are a lot of ramifications, especially for those who were on the cusp of the higher rate tax band and those with large portfolios who could easily be paying more in tax than they are making in profit.
- Being in the know, or having an accountant in the know, around HMRC rules and regulations can save you a lot of time, hassle and money. HMRC frequently break their own rules and ask for things you technically don’t have to give them.
- When buying a property (e.g in your name –vs- creating a limited company) it’s important to find out the tax implications, in both the short and the long term. It could make a significant difference in what you owe.
- There are many ways you can file accounts at companies house. You can find that something that you did 6 years ago, actually ends up saving you further down the line so you should always file with the future in mind.
BEST MOMENTS
“he’s just an all-round, very clever guy who I have learnt loads from over the years”
“Business isn’t a regulated word”
“They can ask the questions, but you don’t have to answer it”
VALUABLE RESOURCES
https://www.youtube.com/user/progressiveproperty https://www.progressiveproperty.co.uk/the-progressive-co-founders/
ABOUT THE HOST
Mark has bought, sold or has managed around 1,000 property units for himself, Rob, his family and his investors since 2003. He is a system and spreadsheet geek and has developed a complex, confidential deal analyser system of buying residential, commercial and multi-let properties.
CONTACT METHOD
Email: [email protected]
LinkedIn: https://www.linkedin.com/in/markhomer1
Facebook: https://www.facebook.com/markprogressive
Twitter: https://twitter.com/markprogressive
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
58 min - The thing that was right at the front of property people’s minds when Chris was last on the podcast was section 24. Now it has had a full effect, mortgage interest for a residential property is not deductible in your rental accounts, it’s a tax reducer. There are a lot of ramifications, especially for those who were on the cusp of the higher rate tax band and those with large portfolios who could easily be paying more in tax than they are making in profit.
About Mark My Words
From the publisher's feed
Investing, business, finance & economics - Mark Homer has the experience to help you with many of your questions & challenges. Mark My Words is a successful, eccentric & introverted…
businessman’s experience of 20 years with no waffle, ads, bravado or big pitches. Mark will interview the worlds most successful business, finance & money experts as well as impart his knowledge in a factual, direct manner. Mark runs & owns multiple businesses & property portfolios so teaches you what he does on a daily basis. A contrarian investor & capitalist, Mark will help you raise more finance, make more money & grow your business empire.
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