WealthTalk - money, wealth and personal finance.

Invest at low cost, look to diversify your investments and always do your due diligence to mitigate risk. These are some of the key lessons from today’s episode of WealthTalk, where we carry on from last week’s introduction to Pillar 3, investments. You’ll hear from two WealthBuilder clients who share differing approaches to investing, and if the investment pillar is one that interests you, then it’s important to find a process that will be well suited to you. Show contributors - Jeremy Downing, Manish Kataria.Resources Mentioned In This Episode:Listen to WT0021 - Why most investments are C.R.A.PClick Here To Find Out More About The WealthBuilders AcademyLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookCLICK HERE FOR FREE MEMBERSHIP ACCESS

Pillar 3 [Investments] is where many people will have their money ‘parked’ in the hope that it works out positively in the long run. Unfortunately with any market there is very little control that any individual can have in dictating the outcome. In today’s episode Kevin Whelan dispels some common beliefs around investments and shares his own C.R.A.P model to help you make better investing decisions.Resources Mentioned In This Episode:Listen to WT007 - The 7 Pillars of WealthListen to WT009 - The Wheel of Wealth[CLICK HERE FOR FREE MEMBERSHIP ACCESS]Click Here To Find Out More About The WealthBuilders AcademyLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

How much time do you dedicate to building wealth? Today Kevin and Christian discuss the idea that anybody can become wealthy in 10 years, and that just by dedicating 1 day per month to focus on this would yield results. You’ll hear from 3 more members of the WealthBuilders Community who have managed to carve out more time for themselves through different approaches, freeing up more time to focus on their chosen pillars of wealth.Resources Mentioned In This Episode:Listen to WT011 - Creating Leverage using F.I.R.S.TThe Pomodoro TechniqueTake the Wealth Dynamics TestRegister for free access to the WealthBuilders Membership Site to watch the pension videos mentioned in this episode - https://www.wealthbuilders.co.uk/resourcesClick Here To Find Out More About The WealthBuilders Academy - https://www.wealthbuilders.co.uk/academyLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

Is it time for you to take control of your pension? As well as reviewing the lessons learned from members of the WealthBuilders Community who kindly shared their experiences over the previous 2 episodes, Kevin and Christian discuss the difference between a SIPP and SSAS, as well as Defined Benefit Schemes. Resources Mentioned In This Episode:Are you eligible for a SSAS Pension? Find out here - https://www.wealthbuilders.co.uk/ssaseligibilityRegister for free access to the WealthBuilders Membership Site to watch the pension videos mentioned in this episode - https://www.wealthbuilders.co.uk/resourcesClick Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

What is a SSAS Pension? SSAS stands for Small Self Administered Scheme. It’s a type of pension that is available to business owners, and allows access to private pension funds before the age of 55. In this episode you’ll hear from 3 members of the WealthBuilders Community who have transitioned from corporate jobs and used their pension in the form of a SSAS to start and grow their own businesses and build their wealth. Show contributors - Chris Henry, Paul Watson, Mark Stokes.Resources Mentioned In This Episode:Are you eligible for a SSAS Pension? Find out here - https://www.wealthbuilders.co.uk/ssaseligibilityMark Stokes SSAS Pensions book on AmazonRegister for free access to the WealthBuilders Membership Site to watch the pension videos mentioned in this episode - https://www.wealthbuilders.co.uk/resourcesClick Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

This week’s discussion is around Pillar 2 - Pensions. Specifically, lost pensions. 1.6 million lost pensions pots worth nearly £20 billion could remain unclaimed according to latest research from the PPI (Pensions Policy Institute). And the good news is, the process of finding out is really simple. You’ll hear from three members of the WealthBuilders community who share their story of how they were able to trace lost pension money, with a combined total of over £400,000 being rediscovered - now accessible and ready to put to work within one of the other pillars. Show contributors - Andrew Abaza, Chris Cooke, Veronica Franks.Resources Mentioned In This Episode:Pension Tracing Service [Gov.uk] - https://www.gov.uk/government/news/new-pension-tracing-service-website-launchedRegister for free access to the WealthBuilders Membership Site to watch the pension videos mentioned in this episode - https://www.wealthbuilders.co.uk/resourcesClick Here To Find Out More About The WealthBuilders Foundation Programme - https://www.wealthbuilders.co.uk/foundationLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

Following on from episode 15 where we heard examples from three members of the WealthBuilders community on how they have turned their home into an asset, Kevin and Christian reflect on some of the lessons learned, and discuss additional ways that you can turn your home into a cash-flowing asset.Resources Mentioned In This Episode:Rent a room scheme [UK] - https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-schemeSave A Fortune eBook by Kevin Whelan [Free Download] - https://membership.wealthbuilders.co.uk/free-accessClick Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

How can you turn your home into a cash-flowing asset? This week we begin to look in more detail at how to create recurring income from each of the 7 pillars of wealth ...and remember, in Kevin Whelan’s exhaustive research over the last 30 years ...there are only 7 ways to build wealth! This week we take a look at Pillar 1 which is Home Capacity, and hear from 3 members of the WealthBuilders community exactly how they have created income from their homes, without selling. Show Contributors - Stephanie Aitken, Bronwen Vearncombe, Carol Robinson.Click Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

Learning how to become more valuable to the marketplace is an essential WealthBuilding skill, and one which Kevin and Christian talk about in depth today.The best time to start building you wealth is now, regardless of what’s happening in the economy, Brexit, interest rates or any other ‘market’ that is simply out of your control. When you really know yourself and where you can best deliver value to others, you’ll create a feeling of certainty that you won’t get trading time for money for somebody else. Click Here To Find Out More About The WealthBuilders Foundation ProgrammeTake the Wealth Dynamics TestLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

In Episode 012 Kevin & Christian announced the launch of the WealthBuilders Foundation Programme which is available to enrol in now.This week they discuss modules 7-12 and the 3 different levels of support which people can choose from. This new programme is for anybody currently not yet at a place of Financial Security, which means you still trade your time for money and don’t yet have enough recurring income from assets to cover your monthly expenses. Click Here To Find Out More About The WealthBuilders AcademyLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: www.wealthbuilders.co.uk/membership

Christian & Kevin announce the launch of the WealthBuilders Foundation Programme and talk through what’s covered in the first 6 modules. This new programme is for anybody currently not yet at a place of Financial Security, which means you still trade your time for money and don’t yet have enough recurring income from assets to cover your monthly expenses.Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: www.wealthbuilders.co.uk/membership

What is Leverage? Leverage is the key to the creation of wealth. In today’s episode of WealthTalk Kevin shares another of his unique acronyms which can help you to accelerate your wealth building - F.I.R.S.T.Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group:Join the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

In recent episodes Kevin and Christian have been discussing how to discover extra money in your life you didn’t know existed using the D.E.B.I.T.S model. In this episode they look at 7 simple first steps which you can take to begin putting the extra money you have managed to save each month and start making it work harder for you, and begin the Wealth-Building process. Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group:Join the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources:www.wealthbuilders.co.uk/membership

A handy reminder of the WealthBuilders model and the different elements that have been discussed in the first 8 episodes. But how does it all connect together to actually begin generating recurring income? The answer is by turning what Kevin has coined as ‘The Wheel Of Wealth’. In this episode you’ll find out what the 5 different components of the wheel are ...and why you can’t cheat the wheel!In this episode of WealthTalk, Christian and Kevin discuss:Recap of the WealthBuilders model: Foundation > 7 Pillars of Wealth > RoofWhy it’s important to begin with the end in mind when thinking about wealthThe 5 steps of ‘The Wheel of Wealth’ - the unique process that must be applied to any asset in order to generate recurring incomeThe dangers of skipping any of the steps that make up the wheelThe consequences of skipping step 4 is that your wheel might start to turn backwards!By following this process Kevin believes you can reach Financial Independence within 3-7 yearsLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and watch the ‘Wheel of Wealth’ video: https://membership.wealthbuilders.co.uk/login

In today’s episode Kevin & Christian talk about the roof that sits upon the 7 pillars which were discussed in Episode 007, and the Foundation discussed in Episode 004 [D.E.B.I.T.S]. The roof consists of a few protective documents which for a few hundred pounds to put in place - will ensure that your assets are protected and ‘watertight’, and ensure you are not leaving family members or business partners with potentially difficult and unpleasant situations to have to deal with after you pass on. In this episode of WealthTalk, Christian and Kevin discuss:The importance of having a willPower of AttorneyKnowing what would happen in the worst case scenario if you are in business with somebody elseThe use of trustsHow to have the government pay part of your life insurance premium via tax reliefJoint Tenants vs Tenants In Common - and why you should know which applies to youLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free: https://membership.wealthbuilders.co.uk/login

Wealth comes from the ownership and control of assets, and the good news is ...there are only 7 assets to choose from to build your wealth. In this key episode of WealthTalk you’ll learn what each of the 7 assets are, and why at WealthBuilders we refer to them as ‘The 7 Pillars of Wealth’.In this episode of WealthTalk, Christian and Kevin discuss:A reminder of Kevin Whelan’s definition of an assetThe reason why so many people never build wealth is because their money is ‘parked’ in either one or more of the first three assetsThe difference between an asset that generates cash flow and a latent assetThe biggest mistakes that people make with each of the different asset classesWhy your home isn’t an asset ...but some ideas as to how you could it into oneSSAS Pensions: the best kept financial secret?The 4 entrepreneurial pillarsWhy it’s so important (and so easy) to implement a little risk mitigation to your assetsLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free: https://membership.wealthbuilders.co.uk/login

On episode 005 Kevin and Christian discussed the importance of thinking like an entrepreneur when it comes to building wealth. In this episode they share their favourite online tool, Wealth Dynamics, which you can use to uncover your natural entrepreneur profile type and learn for yourself what activities you should be focusing on more in order to get into your natural state of flow: a state where tasks come easiest to you, and where you can deliver greatest value to others.In this episode of WealthTalk, Christian and Kevin discuss:What is the Wealth Dynamics Assessment and how can it help you to become more valuable to the team around youThe 4 different entrepreneurial energy’s - Dynamo / Blaze / Tempo / SteelThe importance of creating the right balance within a team so that each person is given responsibility for the tasks they are most naturally suited to [which is not always the case!]How Wealth Dynamics can be used to identify your weak spots and then connect with others who love doing the things which you don’t enjoy so much, developing your entrepreneurial teamTAKE THE WEALTH DYNAMICS TEST HERELinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

In order to build true wealth it is going to be necessary to think like an entrepreneur, in other words looking at ways to add or create value. Kevin and Christian look at the difference between an Entrepreneur vs an Intrepreneur and some of the different mindset characteristics between employees vs business ownersIn this episode of WealthTalk, Christian and Kevin discuss:How to calculate your hourly rate if you are an employee and understand the current value of your IPWhy relying solely on one stream of revenue from your employer is arguably one of the riskiest positions to be inIt’s never been easier to follow the path of someone else who has been successful in the area you want to learn more about, and to find your own mentor to guide youJust because you own a business does not necessarily mean that you are an entrepreneurLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

If wealth can only be achieved through assets, then what exactly is the definition of an asset? Today Kevin and Chris talk about the Foundation, and share a process called D.E.B.I.T.S which anybody can take a closer look at and make some changes to reveal some extra cash in their lives instantly. In this episode of WealthTalk, Christian and Kevin discuss:The two types of income: work income and asset incomeYou cannot be wealthy without being in the wealth managementbusiness, which you can delegateHow to reveal additional cash in your life without penny-pinchingHow to eliminate debt fastThe importance of making sure that a portion of your monthlyoutgoings are being directed towards building your wealthA strategy for getting your wealth-building education for freeUsing a low cost tracker fund is one of the simplest assets to beginaccumulating wealthDebt Free Day - the day of the year in which employed people have towork until before they start to earn income after paying tax Hiddencosts and charges which can eat into your wealthLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk

Wealth is about an overlay of different freedoms, and when you truly connect with your reason ‘why’ it can become a catalyst which will drive you forwards to achieving the lifestyle that you truly desire. Kevin and Chris also talk through the 5 Levels of Wealth and the characteristics of each level.In this episode of WealthTalk, Christian and Kevin discuss:Kevin Whelan’s definition of wealthThe 6 different entrepreneurial freedomsThe 5 Levels of Wealth and how to understand which level you arecurrently atWhy contribution becomes the focus as you reach financial abundanceand beyondThe legacy that Kevin wishes to leave behind for future generationsto enjoy and benefit fromThe hard work and energy that goes into building wealth always comesat the beginning as you try to create the initial momentum, but get’seasier as you progress up the wealth levelsLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk

The harsh reality as to why so many people who aspire to become financially independent is because they allow themselves to ‘drift’ through life with no solid plan on how they will reach their financial goals. Then there are the people who have a plan but choose to try and do everything themselves (The DIY’ers). Kevin believes that they key to building real wealth is to become a ‘Dynamic’.In this episode of WealthTalk, Christian and Kevin discuss:How to identify whether you fit into the 5% of people who becomewealthy, or the 95% who don’tHow you can become completely financially independent within 5 yearsif you focusWhy you must take responsibility and action for building your wealthBuilding wealth with others is so much more of an enjoyableexperienceThe concept of ‘ROI’, and the 4 different ROI’s to be aware of as aWealthBuilderThe importance of finding your natural flow as an entrepreneurLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk

Meet your hosts Kevin Whelan, Founder of WealthBuilders and Christian Rodwell, Membership Director. Understand the reason ‘why’ behind WealthBuilders’ goal to provide easy to understand step by step process that anybody can follow for building true wealth. In this, the first ever episode of WealthTalk, Christian and Kevin discuss:How to generate multiple streams of income from assets withoutrelying on any one area which is extremely riskyWhy you must focus on creating assets to build you wealth, and thatthere are only 7 ways to build wealthThe 3 cornerstones of the wealth-building process: education, supportand connectionsWhy 95% of the population never even reach a place of financialsecurity because, in part, to a lack of wealth educationIn order to create wealth you need to think like an entrepreneurLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk