August 2019 - Mayowa Oluyede Archive

Archive for August, 2019

3 Ways to Master Consistency

I know a friend who accomplishes all his set goals almost all the time. And I have studied his way of doing things. Do you know what I found out?

He lives by what Simon Bailey calls the consistency cocktail. So what is the consistency cocktail you ask?

I know you’ve had a cocktail drink and you probably like it because of its mix of ingredients.

Interestingly, this is what Simon also means that mastering consistency is a mix of strategies and habits that help us become smart, successful, and skillful in life.

So what are the 3 ways you can use to master consistency in anything?

This first ingredient makes up the largest part of your cocktail. “Walking your walk” (and not just “talking your talk”) describes the little steps you take throughout the day that breathe life into your values. It’s not enough to just say you have values. You actually have to live them out in the small moments that make up your day.

1. Learn to walk the talk all the time.

For example, one of my core values is caring for the least, the last, and the forgotten. This shapes how I talk to people, what projects I accept, and the way I invest my money.”

”Constantly reminding yourself of the meaning, the why behind your actions will allow you to power through even when you’re tired, stressed out or unmotivated.

2. Know your why

I am caring for my health better than I ever have, and it’s because I am more connected to my why: I want to stay fit so I can live for a long time for my children and their children, not because I want to look good in photos. Once you make this mental shift, everything will change.”

3. Embrace a paradigm shift.

”This is the magic ingredient—you just need a pinch of it. Consistency without disruption is simply a routine. Disruption means moving from the status quo to the cutting edge.

I am a huge believer in conducting a self-review every 90 days. That period of time is long enough to ensure you’re not jumping from goal to goal, but it’s regular enough to keep you from getting into a rut.

During your self-review, ask yourself: What have been my major successes in the past three months? How have I moved forward? Am I still moving in the direction I want to go? Is there a better way to do things?

Mixed correctly, this cocktail will allow you to develop confidence and become more purposeful with how you use your time and energy.”

Achieving anything in life is largely about being consistent about our goals, and taking actions towards its accomplishment.

In the beginning of 2019, we all had goals of things we want to do. Some of us have not only veered off the plan but have abandoned it. This will not make anyone successful in life.

September is here already, and I am here to remind you that you should not lose hope on the remaining days of the year, anything can still happen.

I mean millions of people will still breakthrough this year, and you can be one of them.

Remember the mix of consistency cocktail? Learn to walk your talk, identify you’re why, and embrace a new way of thinking.

I wish you success, my friend.

P.S: Do you have questions about how I consistently pursued my goals until I succeed as a property investor and how you can too?

Click here Book a free 30 mins consultation with me today.

What You Should Never do If You Want to Be a High Performer

Life happens, I get it. But for how long would we continue to make that phrase the excuse of our lives?

We already live in a world full of distractions. With all the internet-connected devices and automation we live with these days, it is safe to say that technology has brought us many goodies, but they are not without a cost.

According to research published by the US National Library of Medicine, Internet addiction (IA) is becoming both a health and social problem among the general population with the spread of Internet access.

That is not to say that you shouldn’t use the internet. Rather, it should help you understand that distractions are not good for anyone that wants to be a high achiever.

High performers avoid distractions. They take control of their lives, pursue their dreams and whatever makes them happy.

What high performers do

The real high performers are not people who became successful by luck or by chance, they are people who put in the work to achieve their pursuits.

They are the ones who know what they are working on. High performers have deadlines, objectives, and dates planned out in their calendar so that they never leave anything undone.

But there is one thing they never do, and you should not do it too.

What you should never do if you want to be a high performer.

They never keep all their plans, deadlines and goals only in the mind because the mind can be robbed.

When life happens, we can skip a lot of things in our to-do list that we didn’t set in our calendar. But it isn’t how it is supposed to be. Keeping your deadlines, and goals in mind are like leaving your life to randomness, because you’re not in control, life is.

If you really want to become a high achiever in life, starting from this day. Never leave your life to randomness. Instead, take control by using a calendar to organize your days, weeks and months.

If you do this, your life will exude the excellence that is peculiar to high performers.

7 Ways to Raise a Mortgage Deposit

A recent study by Santander Mortgages shows that 70% of young people now believe that the homeownership dream is over for them.

Miguel Sard, managing director of Santander Mortgages, said: “It’s clear that while the aspiration to own a home is just as strong as in previous generations, it’s a dream that is looking increasingly out of reach.

Although 91% of the young people interviewed still aspire to own a home, over two-thirds said it was unlikely to happen unless they received the deposit from their parents.

Let’s face it truly, saving up a mortgage deposit is one of the biggest hurdles to getting on the property ladder.

With house prices rising, first-time buyers often need to put down tens of thousands of pounds as a deposit.

According to MoneySuperMarket data from the first half of 2018, the average deposit put down by first-time buyers was £43,433. That was for an average property price of £217,200, giving a loan to value (LTV) average of 82%.

How much of a deposit do you need to save?

The average house price in the UK is around £232,554, according to Land Registry official data for October 2018. To buy a property worth that sum, you’d need to save at least £11,628 for the minimum 5% required by lenders.

Putting down 10% would give you access to cheaper deals, would require you to save £23,255, while a 25% deposit would mean getting together a whopping £58,139.

Unless you’re earning a fortune, or are lucky enough to have family stump up the cash on your behalf, making a mortgage deposit means saving hard.

But it doesn’t have to be that hard for you, and you don’t have to have fears for the future. So let’s look at

7 ways to raise your mortgage deposit.

1. Pay up your debts.

Anyone who is serious about getting a mortgage will know that credit card debt will directly affect the amount you can borrow. And it’s easy to let that debt spiral out of control, so it’s best to get on top of it as soon as possible. You so not debts increasing while you’re bootstrapping to save up.

2. Downsize your lifestyle

Do you really need to be renting a three-bedroom loft when it’s just the two of you? Could you cope with a larger house share where bills are split more ways and the rent is cheaper? The short-term pain may well be worth the long-term gain.

Weigh up how many bedrooms you need and look for cheaper accommodation closer to work, so you save on commuting costs.

Downsizing could also mean you save money on heating, council tax and other household bills, so you can put even more money in your deposit funds.

3. Work more jobs

you want a great idea on how to get a house deposit quickly then there is almost nothing better than creating a second income for yourself.

Almost everyone can create a second income for themselves. You could live off your primary income and then save all of your secondary income.

It is likely that you could be using your current skills outside of your workplace. If you work as a mechanic, then you may be able to fix your friends cars on the weekend.

If you work as a writer you could do freelance writing on the side. If you work as an accountant you could help people with their tax returns. Anyone can outsource themselves on sites like Odesk or Elance. Alternatively you could start a small business on the side. Get clients and do the work in your after work hours. Or build up passive income by starting a website and selling affiliate products. You are only limited by your imagination.

4. Sell unused belongings

Look through your belongings and think carefully about if you use or need them. If not, sell them.

Car boot sales and eBay are not your only options. Check out alternatives like Schpock and Depop too.

5. Take advantage of special programs.

If finding money for a deposit is holding you back from buying a property you may find a shared ownership home is a more affordable alternative.

Shared ownership and shared equity schemes involve purchasing part of a property and renting the rest, and although you would not own 100% of your home right away, you will have a foot on the property ladder.

Help to Buy scheme

Help to Buy is a government scheme offered by lenders in England on new build properties.

The scheme provides an equity loan that can be used towards buying a house, if you only have a 5% deposit saved.

You must be over 18 to qualify for Help to Buy, and it must be used to buy your own home on a repayment basis (not interest only).

6. Get assistance

If you’re lucky enough to have friends or family with money to spare, they might be able to help you raise a deposit, or help you get a guarantor mortgage.

7. Buy together

A deposit shared is a deposit halved, that’s the saying, right? Well, if you’re looking to purchase a property with a friend, family member or partner then you’ll definitely be at your savings goal in half the time if you both stick to the same pace of saving. Make sure you agree targets and you make the same level of effort to get there. If you’re determined to get on the property ladder, this could be a way for you to get there as quickly as you’d like.

These 7 ideas will help you save up your first home mortgage deposit, but there’s one more question.

Can you get a loan for a mortgage deposit?

No, taking out a loan to cover the cost of your mortgage may mean that lenders won’t accept your application.

This is because they will ask where your deposit has come from, and state that it needs to be from a non-repayable source, like savings or a gift.

Do you want to know more about how to raise the funds you need to a get a home as a first-time buyer?

Send me an email at mayowa(at)mayowaoluyede(dot)com

Mayowa Oluyede