WT007: The 7 Pillars of Wealth
In today's episode we discuss the 7 different pillars we have at WealthBuilders. Make sure to tune in to find out what exactly the 7 different pillars are and why were refer to them as that.
WealthTalk - money, wealth and personal finance. · Kevin Whelan and Christian Rodwell
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Show Notes
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 asset
- The reason why so many people never build wealth is because their money is ‘parked’ in either one or more of the first three assets
- The difference between an asset that generates cash flow and a latent asset
- The biggest mistakes that people make with each of the different asset classes
- Why your home isn’t an asset ...but some ideas as to how you could it into one
- SSAS Pensions: the best kept financial secret?
- The 4 entrepreneurial pillars
- Why it’s so important (and so easy) to implement a little risk mitigation to your assets
Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk
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