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Welcome back to another episode of the Mark My Words podcast with your host Mark Homer. In this episode, Mark goes through his top tips for saving money in your life and business. Mark goes through several areas on how you can save thousands of pounds every year in your life, and business from car insurance, to utilities and saving accounts.
Key Takeaways
Personal Car Insurance. Make sure that six weeks before your renewal date you search around for cheaper options for insurance. The whole industry is predicated on making a profit from customers who are loyal and don’t change provider every year. Looking at the below four comparison sites every year can save you hundreds of pounds in the cost of your car insurance.
Fleet Car Insurance. Try and go to a number of different brokers and play them off against each other, every year so that you can save money on your fleet insurance. This is the best way as there are no business compare websites for fleet insurance.
Home Insurance. Make sure you go onto a number of comparison websites every year which can ensure that you are saving hundreds of pounds on your policy. Some of the best websites are the below:
Keeping your claims down in the last five years to under one can help to keep your premiums down. Brokers are useful in gaining portfolio insurance for a large number of properties. At the end of each year get a quotation for each of your brokers to see if there are cheaper options.
Utilities. Make sure that you are changing these every year, which has got a lot easier in recent years. Please do subscribe to the Cheap Energy Club, at the link below, which lets you know when there is a product that is cheaper than what you are already paying. Changing from the standard rate which energy companies automatically place you on, to an offer rate can save you hundreds of pounds.
Saving Accounts. Try and change this account every April as this is the start of the personal tax year. I want to make sure that I’m getting the highest savings rate. Please check Moneyfax.co.uk which can offer you the best deals for savings accounts. There are always some good instant access accounts on the list for you to have a look at. There is a new Goldman Accounts called Marcus which has a good interest rate on it, for 12 months. Rates drop down after the first year so it’s really important to switch every year.
Mobile Phone Contract. Every year you are paying the subscription to a mobile company, so at the end of the contract make sure you get your upgrade on your phone, as you are paying for this through your contract. It’s best to use a price comparison site so that you can find the best tariff on the market.
Buying In Bulk In January. Use the January sales, and buy two years worth of supply for shampoo, toilet roll, kitchen roll, those essential non-perishable items for your house. Then I’d store this under the house, which means you save lots of money and you don’t have to go shopping for these items throughout the year. Make sure you’re not loyal to a brand but you’re looking for the offers out there.
Contract Hire On Your Car. Make sure you are going for the offers that are available rather than the brand or model of car. This can be a really effective way of saving money. The below websites are the best websites that Mark has used to get the best deals. If you would like Marks spreadsheet which compares these offers please email him, his details are at the bottom of the show notes.
Best Moments
‘Make you have BS3642 locks on your doors and key locks on your ground floor windows.’
‘Definitely look at changing your mobile tariff, utilities and car insurance to save hundreds of pounds’
‘Make sure you’re not loyal to a brand but you’re looking for the offers.
Valuable Resources
Cheap Energy Club - https://clubs.moneysavingexpert.com/cheapenergyclub/register
Moneyfax.co.uk
About the Host
Bio - Mark Homer
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, as well as 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
Facebook – Property soldier
Email – [email protected]
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/
Angel investor Nelson Gray talks about investing in tech start-up businesses. How he chooses the right company to invest in, what is his strategy and the whole process of investing in a new, small company. Upsides and downsides of investing in start-ups, what is his experience working with company founders and tips for investors that are interested in financing new businesses.
ABOUT 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, as well as 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 his other investments he’d tried in the last ten years, combined.
CONTACT THE HOST
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
In this episode Mark interviews The Lord Lieutenant of Northamptonshire. Mr David Laing of Laing Construction, whose illustrious career spans several decades. Mark makes this episode become a very open discussion between two entrepreneurs from very different periods.
KEY TAKEAWAYS
(1.01) Mark examines David Laing’s fascination with cars and racing, and the crash at Silverstone in 2006. David talks about all the various racing cars he either has driven or admired and his more recent experience driving around the world circumference in 69 days with Mary as his navigator. He runs through the various countries they drove over, so we are able to imagine how it must have felt driving 11 hours a day in all those locations.
BEST MOMENTS
ABOUT 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, as well as 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 his other investments he’d tried in the last ten years, combined.
CONTACT THE HOST
ABOUT THE GUEST
The Lord Lieutenant of Northamptonshire. David Laing is a man of principle who has worked hard through his life in the construction industry through architecture design and construction, and appears to have enjoyed all the good and disagreeable parts of his career. Mr Laing gives time and money to charitable trusts, and has enjoyed exciting hobbies such as racing. He has been rewarded by his position as Her Majesty’s representative as Lord Lieutenant of Northampton -shire. He has an impressive family history behind him with his Grandfather and Grandfathers’ father starting the business in 1845 all of whom did vital work through the 1st and 2nd world wars.
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
How do you create a successful business and solve the housing crisis at the same time? Well, Alfie Best has one of the most innovative answers out there at the minute. The owner of Wildcrest, which is the biggest Mobile Park operator in the UK, soon to be the world. In this interview, Mark asks Alfie, how he started out in the industry, what the mechanics of the industry are and why Alfie believes they are the answer to the housing crisis in affordable houses currently? Listen to one of the most successful business people in the UK and what his advice is on creating a successful business in 2019.
Key Takeaways
Why did you get into the Mobile Park Industry? I was born and bred in a caravan as a Romani. Who better to run Mobile Parks than someone who has lived and breathed this world throughout my life. It was a natural progression for us from commercial conversions. I really believe in them, and I’m passionate about my business, I don’t really see it as work.
How does the mechanics of the business work? It’s not complicated the customer actually purchases the mobile home often for 50% of what the same property would be if it was classed as a house. They get a 1983 mobile home act document drafted from the government which is an infinite lease on the property. It has no end date. It’s a simple but powerful document. You are in effect purchasing a bungalow at residential standards which are pre-fabricated. It’s like a timbre home from the states or modular homes which you see popping in different places. They have to be built on a chassis and have wheels, but they never get moved.
How does it benefit you to have a mobile home? Once it doesn’t have wheels and a chassis it becomes a house. If we have planning permission for a mobile home park then we can’t build houses. It’s classified as a caravan but it is never towed or moved anywhere else, it’s essentially static.
We all need to find our niche. I don’t regard this as a niche, we than 13,000 residents as a country and we have 5 parks in North Carolina. We are looking to expand our business in the US. Councils are still of the opinion to say no, it's not seen as a positive to support our kind of business. Sensible government is a friend often but councillors can be really difficult to work with and can go against what the government have set down.
How do you cope with working across different continents and countries? Have you found it challenging? When you start a business anywhere in the world, you have to pay an ‘idiot’ tax which is about learning to run your business. I always say that you should start small so your ‘idiot’ tax is a much smaller cost. When we first went to America we only bought one home. A business has to be like water, it has to flow and change but be strong enough to keep going forward.
Why is it that mobile home parks are the answer to affordable housing? It’s very simple. The government are trying to build their way out through social housing. As there is no cap on it and they have to compete on the open market it’s never going to solve the problem. We don’t offer houses for key workers like ambulance staff for example. Properties should only be able to be sold to key workers in key sectors. Whereas park homes only ever stay as affordable housing, always at 50% less than a house even when the price goes up it's always comparatively cheaper. That’s because there is a stigma to it.
Most of our customers are downsizing. A lot of our customers are buying a mobile home and then buying a second home in Spain or the US. Houses don’t have to be a ball and chain around their neck, it allows people freedom in older age. We are trying to lobby the government to explain this. There are some great councils and are some terrible councils.
We are bringing people who are semi-retired or retired people to an area. So we are actually bringing other families as well. We are helping social housing as well as contributing to communities. I hate the word social housing but I think of it as affordable housing.
What have been your biggest setbacks in business? The biggest set back was not questioning myself too much when I nearly went bust. Broke means that you are in negative equity, and verging on either going bankrupt which is where I found myself. I had a house with too big a mortgage invested in it. My biggest mistake was I didn’t see the recession coming because I wasn’t experienced enough. I thought I was better than I was.
How have you changed this ready for the next recession? We have stopped looking at profit and concentrated on cash flow. My board loves talking about profit, but I focus on cash flow. The cash flow could be in the red but your profits look great. It’s a balancing act. Making sure your business is sweating, and your wastage at minimum is essential. That could be down to the water bottles in the corner of your building.
How do you innovate? What do you do to get better incrementally? We regularly buy business which has gone into administration. Firstly, we set up a rudimentary cash flow system to see where the business is, see how much in the red they are. See what there is that is needed and what is extra. You have to be harsh, and be commercially viable when turning around a business. Then as you get bigger we constantly review what we are doing.
Best Moments
ABOUT THE HOST
Mark Homer
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, as well as 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
About The Guest
Alfie Best a highly motivated business magnate, investor, speaker and philanthropist who serves as the chairman of Wyldecrest Parks. To achieve success is not easy and to maintain that success is even harder but Alfie Best has shown how it can be done, even when you have not been born with the proverbial silver spoon in the mouth.
Born of humble origins and raised in a Romany Gypsy family, this self-made man studied at “University of Life” and started his professional success story totally from scratch. However, coming from a struggling background and a minority group only gave him even more desire to succeed. As a gypsy, he had to face many obstacles and prejudices but he has never allowed those to ruin his dreams and ambitions or to disrupt his investments into the businesses he operates. Instead, he has taken those negative prejudices and turned them into positives by surrounding himself with a diverse and multicultural team. Alfie Best manages his businesses as a real leader, knows his employees by name and likes to meet all residents of his mobile home parks.
Contact Method
Website - http://alfiebest.co/story/
Twitter - @alfiebest33
Email - [email protected]
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
To get financing, you have to prove to banks and lenders that you’re far from delinquent and can be trusted. So, in this episode of Mark My Words Podcast, Mark talks about how essential it is to build rapport with long-term lenders to get better terms with banks. He also suggests that you look for 2-3 commercial lenders. Though you’ve submitted the complete requirements and have an outstanding credit report, it also makes a difference if you have established a connection with the relationship manager since they already trust you and know that you meet the criteria.
KEY TAKEAWAYS
BEST MOMENTS
VALUABLE RESOURCES
ABOUT 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, as well as 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
‘Brought to you by Progressive Media’: https://progressivemedia.uk/
What steps can you take to deal with the cost of living crisis? Join Mark as he talks about what you can do to help protect yourself from surging energy prices and the impact of the huge inflation we are seeing in the UK.
KEY TAKEAWAYS
BEST MOMENTS
“If you’ve got the cash to ride the peaks and troughs you’re probably better going for a variable”
“A price war probably will break out across the supermarkets”
"It won't be too long until you see more and more immigration starting again"
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/
Mark has been investing in property for 15-20 years, approaching the 100 mark in terms of deals made and has a 70 million equity stake in various portfolios. One of the questions he repeatedly gets asked, is whether it is worth using additional cash to pay off your mortgage or if it is better to invest it elsewhere. Listen in to this episode to hear his thoughts and answers to this common question.
KEY TAKEAWAYS
BEST MOMENTS
“Why would you want to pay of your mortgage if you can get consistently good returns by investing in your isa and getting much much higher investment returns”
“You’ve got to make your money work for you, no one else will look after your money like you do”
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/
A short but informative episode where Mark discusses the current economic news including the changes in the new budget and what he thinks will happen next.
KEY TAKEAWAYS
BEST MOMENTS
“I suspect it’s more of a gesture rather than something concrete that will make a difference”
“Rishi is certainly very good at telling people her cares, but looking at these numbers you start to see he only cares a little bit”
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/
The big story is gas, oil and raw material prices right now! You will have seen petrol at 1.80 a litre and diesel in the 1.90s per litre, these are huge numbers, this is the highest we have ever paid! Listen in to this episode to hear Mark discuss the issue and the causes behind what we are seeing on the pumps and in other areas of our life too.
KEY TAKEAWAYS
BEST MOMENTS
“This is all going to push prices up significantly which will lead to inflation”
“Who needs repayment mortgages when you’ve get inflation at 10%, there is always a silver lining”
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/
This is an extra special podcast episode with none other than Nigel Farage! Mark feels really akin with Nigel’s politics and watches GB news every evening so was very excited to record this episode for you all. Nigel and Mark talk about the start-up and progress of GB news, Covid-19, business and all things politics including his opinion on PM Boris Johnson and why Nigel believes we need a Brexit 2.0! They also discuss Nigel’s incredible knack for predicting what is going to happen next in the political landscape and what the public opinion will overwhelmingly be!
To hear more from Nigel & Mark head to Rob.team
KEY TAKEAWAYS
BEST MOMENTS
“I think for once the free press and our parliamentary systems has worked”
“I have been a sensible environmentalist all my life”
“The impact on our way of life has not been positive”
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/
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