WealthTalk - money, wealth and personal finance.

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