Ask About Wealth

In this episode of the Ask About Wealth podcast, we discuss Ireland’s biggest financial taboo, planning for death and inheritance tax. Learn how forward planning can minimise tax liabilities, avoid family conflicts, and ensure your wealth passes smoothly to the next generation.Key Takeaways:🔹 Why open discussions about inheritance planning are essential.🔹 Ireland’s inheritance tax thresholds🔹 Strategies to minimise tax, including using familial allowances and special exemptions.🔹 The role of insurance in covering inheritance tax liabilities.🔹 Importance of legal planning, appointing unbiased executors, and itemising assets.Ask about wealth helps Ireland’s high earners preserve and grow wealth.https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode of Ask About Wealth, we break down the essentials of mortgages to help you maximize savings and build long-term wealth. Whether you’re a first-time buyer, experienced homeowner, or exploring equity release, we’ve got you covered. Unlocking Savings: How shopping around can save you thousands on interest.Smart Borrowing: Using competition to negotiate better mortgage rates.Equity Release: Leveraging home equity to create new streams of wealth.The Power of Switching: Why reviewing your mortgage regularly pays off.Choosing the Right Broker: Key questions to ensure unbiased, whole-market advice.Tune in and empower yourself to take control of your mortgage and your financial future.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode, we sit down with Philly McMahon, eight-time All-Ireland winner, entrepreneur, journalist, and business owner, to uncover the mindset, discipline, and strategy that fuelled his transition from elite sport to business success.🔹 The Power of Structure in Business & LifePhilly shares how a default diary helped him balance sport, business, and family—and how you can use the same tool to take control of your time.🔹 High Performance in Sport vs. BusinessWhat makes an elite athlete successful? Problem-solving, adaptability, and discipline. Philly explains how these exact traits translate into building a winning business.🔹 Scaling a Business Without Massive Upfront InvestmentStarting with just an attic space and bodyweight exercises, Philly built a thriving fitness business. Learn how he reinvested cash flow instead of taking on debt.🔹 The Financial Pitfalls Entrepreneurs Must Avoid. Philly shares the hard lessons he learned and how he now values time and wealth-building over short-term gains.🔹 The Game Plan for Wealth & Financial IndependenceWhat do Ireland’s most successful business people do differently? We discuss tax strategy, financial planning, and the difference between making money and building wealth.For those looking to transition from employee to entrepreneur, or simply to build a business that works for you instead of consuming your life, this episode is packed with real-world insights from both sport and business.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode, we break down the four biggest financial mistakes high-income earners make—and why most people never achieve financial freedom. If you're serious about building wealth, avoiding these pitfalls is non-negotiable.If you’re ready to take control of your financial future, avoid these mistakes, and start building serious wealth, this episode is a must-listen.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In this episode, we sit down with Karl Rogers, Chief Investment Officer at Elkstone, to discuss the private markets and why high-net-worth investors are shifting their portfolios beyond traditional public investments.🔹 What are private markets, and why do they matter?🔹 How family offices allocate wealth to private investments🔹 The advantages of real estate, venture capital, and private credit🔹 How private markets can offer greater control, diversification, and potential returnsIf you're a business owner, entrepreneur, or investor looking to move beyond off-the-shelf financial products, this episode is for you. Discover how the wealthiest investors build their portfolios and how you can too.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

🎙️ Weekly Wealth Bites by Ask About Wealth is a short series within the Ask About Wealth Podcast with the aim to help you gain valuable insight into one wealth creation tactic or fundamental principle each week. With the goal to educate you on your journey to wealth creation.This week, we're diving into one of the most powerful tools for wealth accumulation, your pension. Whether you're an employee or a business owner, the tax advantages and investment opportunities these pensions offer can be transformative.Key Topics Covered:The Power of Tax-Free Transfers: Discover how company pensions allow businesses to transfer funds into retirement vehicles tax-freeRisk Mitigation for Business Owners: Learn why company-sponsored pensions protect wealth from creditorsOff-the-Shelf vs. Self-Administered Pensions: Learn the differenceInvestment Opportunities in Self-Administered Funds: Explore how self-administered pensions can invest broadlyThe Pride and Possession Rule: Understand the limitations imposed by revenueThis episode is for entrepreneurs, high-income earners, and anyone seeking to leverage tax and investment strategies to grow their retirement wealth.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In Episode 16 of the Ask About Wealth podcast, we sit down with Andrew McAllister, the entrepreneurial mind behind Sea Sauna, to explore his journey from architecture to entrepreneurship.Andrew opens up about the financial risks, challenges, and rewards of building a thriving business from scratch while pursuing his passion for innovation.Key insights include:The Entrepreneurial Leap: Why Andrew left a stable career in architecture, invested his savings, and embraced uncertainty to build The Sea Sauna.Navigating Financial Risks: How Andrew created a business plan on a delayed flight, assessed occupancy thresholds, and financed Sea Sauna’s growth without traditional borrowing.Lessons in Sacrifice: The personal and financial trade-offs required to transition from comfort to entrepreneurship.A Vision for Sustainable Development: Andrew’s ambitions to apply his entrepreneurial skills to eco-friendly, design-led housing developments that redefine Ireland’s construction norms.Overcoming Challenges: How Andrew turned personal obstacles like dyslexia and ADHD into creative and entrepreneurial advantages.This episode is a must-listen for anyone interested in entrepreneurship, financial planning, or sustainable entrepreneurship. Andrew’s story offers a masterclass in taking calculated risks, embracing challenges, and using business as a tool to make meaningful change. Don’t miss it!You can get in Contact with Andrew here:Website: https://www.theseasauna.ieInstagram: https://www.instagram.com/the.sea.sauna/Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

In Episode 15 of the Ask About Wealth podcast, we welcome Kevin Canning to dive into the world of private investments tailored for high-net-worth individuals.This episode explores:Private vs. Public Markets: Understanding the advantages and unique opportunities in private investments.EIS Funds Explained: How Enterprise Investment Schemes (EIS) offer significant tax relief and diversify risk across businesses.Balancing Risk and Return: The importance of promoter "skin in the game" and real estate-backed investments in mitigating risk.Tax-Efficient Strategies: From 50% tax relief with EIS funds to leveraging 12.5% corporate tax rates for lending businesses.Investor Due Diligence: Why working with regulated advisors ensures better oversight and investor protection.This episode is a must-listen for anyone interested in tax-advantaged investment options beyond the mainstream.Ask about wealth helps Ireland’s high earners preserve and grow wealth. Learn More: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.

2024 was full of lessons, Paul shares a quick overview of what he learned about building wealth, managing risks, and staying ahead as a high earner.Learn more at askaboutwealth.ie Hosted on Acast. See acast.com/privacy for more information.

In Episode 14 of the Ask About Wealth podcast, we explore the surprising ways psychology can influence financial success with psychologist and clinical hypnotherapist Jason O'Callaghan, founder of d4clinic.ie. Together, we uncover insights into the connection between mindset and money,including:The Power of Writing It Down: How putting financial goals on paper can double your chances of success.Accountability in Action: Why surrounding yourself with the right people can make or break your financial plans.Turning Fear Into Fuel: Overcoming anxiety and rewiring your mindset to embrace calculated financial risks.Habits That Drive Wealth: Building daily disciplines to stay focused and committed to your goals.Lessons from the Successful: What high achievers and entrepreneurs get right about managing money and mindset.This episode is packed with actionable advice and psychological strategies to help you master your finances.You can get in Contact with Jason here:Website: https://www.d4clinic.ie/Instagram: https://www.instagram.com/hypnotist_jason_ocallaghan/TikTok: https://www.tiktok.com/@jasonthehypnotistThanks for listening to this week's episode and make sure to tune in again next week for more actionable insights to help you build and preserve your wealth.Ask about wealth helps Ireland’s high earners preserve and grow wealth.Learn More Here: https://linktr.ee/askaboutwealth Hosted on Acast. See acast.com/privacy for more information.