Episódios
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Welcome to Episode 135 of A Wealthy Life - "Inflation and Investment - Is Your Money Really Working for You?
In this episode I discuss effective strategies for making your money work harder amid financial challenges like inflation and unaffordable mortgages.
Discover how inflation silently erodes your savings and why investing wisely is the key to ensuring your money grows over time.
I share practical tools to monitor your income and expenses, alongside steps to build a robust emergency fund that will bolster your financial resilience.
By splitting funds between easy access and short-term notice accounts, I share how to optimise interest rates without sacrificing liquidity. Learn how you can also make the most of cash ISAs to enjoy tax-free interest and keep a sharp eye on your finances.
Understand the real impact of inflation on your purchasing power and savings with historical insights, personal anecdotes, and investment strategies.
I address the advantages of property investment and how compounding interest can significantly grow your wealth over time.
Transitioning from low-risk to higher-risk investments, I talk about the importance of due diligence, particularly with volatile assets like crypto.
By mastering these essential financial principles, you’ll be better prepared to build wealth for yourself and future generations, achieving the ultimate goal of financial independence.
--------- EPISODE CHAPTERS ---------
(0:00:10) - Making Money Work
Inflation and investing impact personal finances, so monitor income and expenses and have an emergency fund.
(0:13:10) - Understanding the Impact of Inflation
Inflation erodes purchasing power, historical rates vary, and investments must match inflation to maintain value.
(0:20:54) - Building Wealth Through Property Investment
Compounding interest, inflation, stock market risks, property investment, and building wealth over time.
(0:37:00) - Maximising Money Through Wise Investments
Transitioning from safe to high-risk investments, understanding inflation, and achieving financial independence for future generations.
Join the Wealthy Life Community
https://bit.ly/WLC-JOIN
To watch this episode on YouTube:
https://youtu.be/wiViCrxSbWA
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Book a call - https://calendly.com/vickiwusche
Access free resources:
https://vickiwusche.com/resources/
Link to Raisin Bank
Inflation v compound document
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Can strategic thinking truly transform your property investments?
Join me for this weeks episode as I share the three essential steps to achieving property success.
I start with the acquisition phase, where understanding your strategy for buying properties sets the foundation.
Then, I move to the consolidation phase, focusing on portfolio optimisation and regular evaluations.
Finally, I go into developing a wealthy life by leveraging the benefits of your investments, drawing parallels to a Harvard model for deeper insights.
Learn the financial mechanics behind buying, refurbishing, and remortgaging properties.
For instance, purchasing a property for £100,000 and refurbishing it for £30,000 can lead to remortgaging the improved property at £130,000, pulling out a significant portion of the initial investment.
I also address the pros and cons of investing in individual houses versus blocks of flats, highlighting why regular evaluations and strategic timing are crucial for maximising returns.
As we progress, I discuss the consolidation phase's decision-making process, especially around the five-year mark.
I also touch on transitioning to the development stage, addressing the importance of efficient portfolio management for long-term financial success.
So grab a cuppa and tune in
Don’t forget to join the Wealthy Life Community to access more resources and discussions!
--------- EPISODE CHAPTERS ---------
(0:00:10) - The Three Steps to Property Success
Three crucial steps to building a successful property business: acquisition, consolidation, and developing a wealthy life.
(0:10:59) - Property Investment Strategy Discussion
Strategic approach to property investment: buying, refurbishing, and remortgaging to minimise initial investment, evaluating regularly, and managing portfolio.
(0:21:38) - Property Portfolio Consolidation and Development
Property investors consider selling or retaining properties based on market conditions, reinvestment potential, and personal goals.
(0:29:52) - Property Investment Evolution and Strategies
The dynamic journey of property investment, emphasising continuous improvement and strategic reassessment for effective business growth.
Join the Wealthy Life Community
https://bit.ly/WLC-JOIN
To watch this episode on YouTube:
https://youtu.be/DWFDrEC8bB0
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Book a call - https://calendly.com/vickiwusche
Access free resources:
https://vickiwusche.com/resources/
Link to three stages of business
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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In this week’s episode, we begin by comparing property investment to the reliable tortoise in the classic fable of the tortoise and the hare.
While fast-paced assets like crypto or stocks might offer quick returns, property investment stands out for its consistent growth and stability over time.
I discuss the importance of understanding initial startup costs, the concept of amortisation, and the advantages of longer mortgage terms.
I also share insights on choosing mortgage deals by considering both interest rates and fees, and highlight the general trend of rising house prices over the past two decades.
This long-term approach to property investment can provide a reliable second income and valuable assets.
Listen in as I address the importance of viewing property investment as a marathon rather than a sprint, emphasising the need to assess both cash flow and potential capital gains.
Key strategies include evaluating net return on investment, understanding rental demand, and adjusting rent to reflect market conditions.
Additionally, I discuss the financial and practical aspects of refurbishing rental properties and managing tenant-related costs, with real-life examples illustrating how a well-managed property portfolio can lead to financial independence and early retirement.
Don't miss this comprehensive guide to building a successful property investment strategy.
--------- EPISODE HIGHLIGHTS ---------
(0:00:12) - Property Investment
Property investment offers steady growth and stability over time, considering startup costs, amortisation, mortgage terms, interest rates, fees, and rising house prices.
(0:13:05) - Navigating Property Investment Trends and Risks
COVID-19 has shifted UK property market to houses, emphasising long-term commitment, net return, rental demand, and gradual increase in income.
(0:22:14) - Long-Term Property Investment Strategy
Strategic refurbishments, regular inspections, adjusting rent, and using rental income can lead to financial independence and early retirement.
Join the Community Waiting List
https://bit.ly/WLC-Waitlist
To watch this episode on YouTube:
https://youtu.be/UXN16X2lrPg
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Book a call - https://calendly.com/vickiwusche
Access free resources:
https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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What if you could reshape your financial future with a solid plan in property investment?
In today’s episode of A Wealthy Life, I guide you through the fundamentals of property investment.
We start by demystifying why property remains a top investment choice, thanks to its unique benefits of leverage, control, and financial resilience.
You'll learn to distinguish between strategy and techniques, and I’ll help you uncover your personal 'why' by posing seven crucial questions that will shape your investment journey.
This episode looks into adopting an investor's mindset, essential whether you're buying to live in or to let.
We analyse how to evaluate property values and understand seller motivations, helping you place strategic offers for the best deals.
Learn the financial intricacies of buy-to-let properties and discover the advantages of purchasing homes that need a bit of work. The focus is on strategic planning and fostering financial resilience to ensure long-term success.
Imagine a future where your investments fund your children’s education or elder care needs.
We explore how to make your money work harder through long-term property investment strategies.
By treating your properties as a 'brick bank,' you can achieve consistent monthly cash flow and financial flexibility.
We also cover five key principles of living a wealthy life, highlighting the importance of personalised mentorship and effective management systems.
Whether you're new to property investment or looking to refine your strategy, this episode is a must-listen for anyone aiming to build a prosperous financial future
--------- EPISODE HIGHLIGHTS ---------
(0:00:13) - Property Investment Strategy Basics
Property investment offers leverage, control, and resilience compared to other options. Strategy and techniques are different. Understand your "why" and ask 7 questions for a clear strategy.
(0:07:34) - Property Investment Strategy Discussion
Adopt an investor's mindset, remove emotion, analyse values, understand seller motivations, and consider financial resilience in property investments.
(0:16:30) - Long-Term Property Investment Strategy
Understanding the purpose of property investment for future needs, such as education or care, and creating financial flexibility through cash flow.
(0:27:16) - Wealthy Life Control Principles
Managing finances, time, knowledge, and leveraging support in the Wealthy Life Community for achieving success.
Join the Community Waiting List and gain access to the Skills Gap Workbook
https://bit.ly/WLC-Waitlist
To watch this episode on YouTube:
https://youtu.be/Jf9sNZ_2GyM
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Book a call - https://calendly.com/vickiwusche
Access free resources:
https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Can unchecked ambition in property investing lead to your downfall?
In this weeks episode I reveal how to avoid the pitfalls that have trapped many investors.
With over 20 years of experience, I've seen it all—from get-rich-quick schemes to the pressures of meeting arbitrary goals.
Discover the three crucial questions that will guide you in aligning your investments with your lifestyle, ensuring you make informed and sound choices.
Feeling pressured by the need to hit numerical milestones in your investment journey?
Hear the story of a young entrepreneur who thought owning 100 HMOs was the key to success, only to realise the importance of realistic goals and solid financial foundations.
Drawing from my own experiences, I share practical exercises that can help you manage your finances and align your goals with your values.
Setting up these foundations early ensures that both emotional and financial challenges are tackled effectively, preparing you for sustainable success in property investment.
Learn about my unique approach to mentorship, combining property investment expertise with NLP training, and understand the critical aspects of selecting the right mentor.
Stay tuned for the exciting announcement of the A Wealthy Life Community launch, and be sure to join the waitlist for exclusive updates.
This episode is packed with actionable advice and personal stories designed to set you on the right path in your property investment journey.
--------- EPISODE HIGHLIGHTS ---------
(0:00:09) - Property Investment and Avoiding Pitfalls
Making clear, logical decisions in property investing with a well-structured strategy, avoiding common mistakes and aligning investments with lifestyle.
(0:15:28) - Building Wealth Through Personal Finance
Young entrepreneurs face pressure to align success with numerical goals, but solid financial foundations and realistic metrics can lead to success.
(0:19:25) - Property Investment Mentorship and Avoiding Scams
Childhood experiences shape adult financial behaviours, NLP training sets me apart as a mentor, caution against misleading property companies.
(0:33:29) - Finding the Right Mentor for Success
Selecting the right mentor involves understanding their background, experience, techniques, and delivery method that aligns with your learning style.
(0:48:40) - Wealthy Life Community Launch Announcement
Announcing A Wealthy Life Community
Join the Community Waiting List
https://bit.ly/WLC-Waitlist
To watch this episode on YouTube:
https://youtu.be/enITdhlvdAc
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the Wealth Tracker and other free resources:
Download the Free Wealth Tracker Here
https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Discover the hidden pitfalls of unconscious spending and transform your financial habits for the better.
Ever wondered how those small, seemingly harmless purchases can derail your long-term financial goals?
Hear personal experiences on the dangers of both conscious and unconscious spending, and understand the power of patience and persistence through a fascinating metaphor of doubling money over 21 days.
This episode lays out the significant impact that everyday buying choices can have on your future financial stability, particularly in retirement.
Have you ever fallen prey to the enticing discounts on online shopping platforms?
I break down the psychological tactics these platforms employ to lure you into buying low-quality products. From incremental discounts to the addictive rush of decision-making, understand why shopping gives you temporary happiness and how it contrasts with the lasting satisfaction of intentional financial planning.
I also explore how shopping behaviours differ between men and women and how the convenience of online shopping, especially during the evening hours, leads to impulsive spending.
Take control of your financial future by recognising and changing your spending habits.
Using tools like the Wealth Tracker, this episode guides you through transitioning from unconscious spending to unconscious investing.
Track your expenses over a three-month period to spot patterns and make mindful choices that support your financial goals.
We'll also discuss the concept of gifting with intention, valuing time over material possessions, and how personalised gifts create lasting memories.
Finally, we'll explore how thoughtful, well-planned gifts can have a greater impact than expensive, last-minute purchases, fostering both generosity and financial prudence.
--------- EPISODE HIGHLIGHTS ---------
(0:00:11) - Beware of Wasting Money
Understanding and controlling spending habits, the impact on future financial stability, and the importance of patience and persistence in financial growth.
(0:09:12) - The Psychology of Shopping and Spending
Online shopping platforms use discounts to encourage impulsive purchases, leading to temporary happiness and gender differences in shopping behaviour.
(0:17:07) - Recognising Spending Habits for Financial Health
Unconscious spending to investing journey, using conscious and unconscious competence, recognising patterns and developing strong habits.
(0:27:47) - Conscious Spending for Financial Freedom
Gifting with intention, valuing time over material possessions, and the importance of mindful spending and investing in experiences.
(0:35:55) - Maximising Impactful Giving
Use the wealth tracker to shift mindset about money, prioritise thoughtful gifts, and balance generosity and financial prudence.
To watch this episode on YouTube:
https://youtu.be/XITW4ItbmUs
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the Wealth Tracker and other free resources:
Download the Free Wealth Tracker Here
https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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In today's episode, we're looking into the reasons why some people think investing in property is a bad idea, and how you can overcome those objections to build long-term wealth.
We'll look at how government interference and legislation have impacted buy-to-let investors in recent years.
But I'll also share why, despite these challenges, property remains one of the most powerful vehicles for generating a passive income and achieving financial freedom.
I discuss practical strategies like purchasing multiple properties with smaller deposits to increase your rental income over time.
I'll also explain the tax benefits of investing through a limited company.
You'll also hear real-life examples from my own 20+ years of investing experience, including how insurance helped a client recover from £70-90,000 pounds of water damage. And we'll talk about mitigating risks through tenant screening and other safeguards.
My goal is to get you to think differently about building wealth outside of traditional savings accounts and pensions.
By the end of this episode, you'll be inspired to leverage property as your own personal brick bank that can weather any financial storm. So stay tuned!
--------- EPISODE HIGHLIGHTS ---------
(0:00:11) - Property Investment
Property investment's evolution, economic benefits, and current challenges in the UK provide a balanced understanding for informed decisions.
(0:16:31) - Taxation Impact on Property Investing
Government interference in property investments, tax changes like MIRAS abolition and Section 24, and their impact on buy-to-let investors and tenants.
(0:37:36) - Property Investment Risk Management and Benefits
Managing rental properties requires thorough tenant checks, safeguards, insurance coverage, and strategic mortgage planning for long-term business success.
(0:49:54) - Building Wealth Through Property Investment
Property investment offers control, flexibility, tax efficiencies, and long-term financial stability, with minimal government intervention.
To watch this episode on YouTube:
https://youtu.be/LCSzPYDKWVA
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the values manual and other free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Have you ever wondered how deeply ingrained gender stereotypes shape not only our daily lives but also our financial decisions and mental well-being?
In this week’s episode we look at the pressures men face due to societal expectations and shine a light on the often-overlooked struggles of men as they navigate the stereotype of the strong, silent provider.
By sharing my personal insights and conversations with individuals striving for financial resilience, we explore how understanding and breaking free from these rigid norms can lead to a happier and more fulfilling life.
I also also discuss the importance of open communication and mutual appreciation in relationships, challenging the narrative that men should suppress their emotions.
This episode encourages us to reflect on our mindsets and work towards a supportive community where men can express themselves freely, fostering a sense of belonging and appreciation.
Tune in as we explore how shifting perspectives and acknowledging the roles we play can pave the way for a wealthier, more connected life.
--------- EPISODE CHAPTERS ---------
(0:00:10) - Exploring Gender Stereotypes and Mindset
Understanding the mindset of men, removing stress, and building financial resilience for a happier life.
(0:11:09) - Unveiling Gender Expectations and Communication
Traditional gender roles, emotional burdens, and societal norms contribute to men's mental health struggles and perpetuate stereotypes.
(0:19:19) - Valuing Relationships and Breaking Stereotypes
Valuing and appreciating societal roles, breaking stereotypes, expressing gratitude, and promoting happiness to empower individuals.
To watch this episode on YouTube:
https://youtu.be/ybT-JYp997g
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the Values manual and other free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Welcome back to another thought-provoking episode of A Wealthy Life!
Today's episode is going to tread on some uncharted territory. This episode diverges from our usual focus on property investing.
Instead, we'll delve into the profound influence of conditioning on women’s lives, touching on themes of mindset, language, and societal expectations.
In this candid conversation, I invite you to reflect on the historical and cultural conditioning that shapes our values and beliefs.
We'll explore how these ingrained stereotypes impact women in aspects such as self-worth, workplace treatment, and societal roles.
Do your values truly reflect your desires, or have they been imposed by external conditioning?
I share insights on historical figures like Cleopatra and Elizabeth I, and how their narratives reveal the complexities of women's roles throughout history.
We'll also examine contemporary issues, from the struggles women face in asking for pay raises, to the ongoing effects of past discrimination, such as the witch trials.
This episode aims to lift the veil on these deep-seated issues, posing questions like:
Why do many women feel unvalued? How can we recognize and discard outdated stereotypes? And importantly, how can we embrace values that genuinely support our aspirations?
This is an invitation to challenge and redefine your own values, paving the way for a truly #WealthyLife.
Make sure to download the values manual provided in the show notes, and take the first step towards understanding your personal values and beliefs. As always, I welcome your thoughts, feedback, and stories.
So, grab a cup of coffee, find a quiet space, and tune in
Please leave us a review and subscribe
--------- EPISODE CHAPTERS ---------
(0:00:09) - Exploring Female Historical Conditioning
(0:17:25) - Breaking Free From Historical Conditioning
(0:23:31) - Discovering Personal Values and Self-Evaluation
To watch this episode on YouTube:
https://youtu.be/WtT5oUZmpKQ
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the values manual and other free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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What if a single decision could set you on the path to financial freedom and early retirement?
Join me for this weeks episode where I discuss the fundamental pillars of success—no excuses, strategic planning, and financial literacy.
Learn how adopting the right mindset and setting clear goals can propel you toward continuous improvement and open new opportunities.
Get ready to explore the nuances between strategy and planning, and how understanding financial concepts can change your life.
I share my own journey illustrating how a no-excuses attitude and clear goals can drive you toward continuous improvement and new opportunities.
I also discuss the transformative power of 'towards motivation' and 'away from motivation' and how aligning your thoughts and mindset is key to achieving financial and personal growth.
This episode is packed with valuable lessons that will inspire you to take control of your future.
--------- EPISODE CHAPTERS ---------
(0:00:09) - Building Success
Resilience, goal-setting, and financial literacy are crucial for success in property investment and life achievements.
(0:10:05) - Strategic Planning for Financial Success
Strategy, values, and mindset are crucial for achieving financial independence and personal fulfillment.
(0:17:15) - Achieving Success Through Strategic Planning
Mindset, strategy, and planning are crucial in investment and entrepreneurship, as seen in interviews with successful individuals.
To watch this episode on YouTube:
https://youtu.be/s0SuFefRJTw
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the values manual and other free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
What if managing your property portfolio could save you a fortune? This week on "A Wealthy
Life," I sit down with returning guest Lisa Oliver to discuss the complex decision of self-
managing HMO properties versus outsourcing.
Lisa's journey from managing her own diverse portfolio to overseeing properties for other
investors offers a treasure trove of insights on education, legal knowledge, and the
indispensable support team you need to succeed.
Whether you're after rewards and cost savings or wary of the workload and emergencies,
Lisa shares the ultimate guide to making an informed choice.
Have you ever considered the hidden pitfalls of buying properties with existing tenants? Lisa
discusses the legal entanglements, like improperly filed tenancy deposits and non-compliant
agreements, that can turn your investment dream into a nightmare.
We also discuss the pivotal role competent letting agents play in ensuring compliance and
avoiding future liabilities.
Ignoring landlord responsibilities can spell disaster, from legal fines to deteriorating property
value.
Lisa underscores the importance of treating tenants with respect and the severe
consequences of neglecting regulatory requirements, such as deposit protection and fire
safety.
We also explore strategic spending to maintain property value and how not adjusting rents
can impact your bottom line.
Finally, we delve into crucial advice for avoiding common pitfalls, stressing the importance of
proper education, experienced mentors, and a reliable power team.
Tune in for a wealth of knowledge that can help you navigate the complex world of property
management.--------- EPISODE CHAPTERS ---------
(0:00:00) - Self-Management vs. Outsourcing Property Management
Nature's pros and cons of self-managing HMO properties, including education, legal
knowledge, communication skills, and mentorship.(0:10:01) - Risks and Considerations in Property Management
Ensuring compliance with tenancy regulations, vetting letting agents, and maintaining
expertise are crucial when buying a property with existing tenants.(0:18:40) - Property Management and Landlord Responsibilities
Managing multiple rental properties with letting agents, self-management challenges, reliable
support, and the consequences of neglecting maintenance.(0:27:50) - Importance of Landlord Compliance and Education
Managing rental properties involves respecting tenants, addressing maintenance issues,
complying with regulations, and staying informed through education.(0:35:55) - Landlord Profitability and Property Management
Strategic spending, tenant turnovers, and hiring a letting agent are crucial for successful
HMO property management.(0:44:50) - Avoiding Pitfalls
Nature's pitfalls in property investment: education, mentors, contracts, reliable advice,
conservative numbers, and being prepared to walk away.To watch this episode on YouTube:
https://youtu.be/WHqsCPRGTbwPrevious episodes with Lisa Oliver:
Episode 120 - https://youtu.be/Lkt09Awn1xM
Episode 115 - https://youtu.be/Rkkx1mHBHp4Follow Lisa:
LinkedIn - https://www.linkedin.com/in/lisajoliver
Website - https://weareideal.co.uk/
https://smartmoveinvestments.co.uk/Connect with Vicki:
https://linktr.ee/vickiwuscheVisit my website to learn more
https://vickiwusche.comBooking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for
you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire
Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and
episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control
of your financial future – something business owners and employees both forget – but for
different reasons.Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in styleOr read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a
successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them -
What happens when a seasoned HMO manager decides to conquer the world of commercial property development?
Join us as Cyril Thomas returns, bringing his infectious energy and invaluable insights.
He shares the riveting story of spotting a golden opportunity in an old pub and his relentless journey through tough negotiations with a determined elderly owner.
With a focus on creative thinking and perseverance, Cyril's experience offers key lessons for anyone looking to thrive in property investment.
We also look into the ethical complexities of business negotiations, underscoring the power of empathy and transparency.
Cyril explains how understanding the vendor's circumstances can lead to mutually beneficial outcomes, even in the face of daunting challenges.
From dealing with terminally ill vendors to leveraging lease options, we explore the necessity of a diverse knowledge base in property strategies.
The episode wraps up with a practical look at the strategies and risks involved in commercial property investment.
Cyril breaks down the benefits of a lease option strategy, the importance of meticulous documentation, and the invaluable role of mentorship.
We also discuss an intriguing deal involving parking anomalies and ongoing legal battles, highlighting the critical skills needed to navigate complex property transactions.
Don’t miss out on Cyril’s candid advice and the lessons learned from his dynamic entrepreneurial journey.
--------- EPISODE CHAPTERS ---------
(0:00:00) - Creative Thinking in Commercial Development
Entrepreneur Cyril Thomas shares his journey from managing HMOs to commercial development, including his creative deal-making skills and perseverance in property investment.
(0:13:24) - Ethical Business Negotiations and Strategies
Understanding and empathising with vendors, transparency, diverse knowledge, and adaptability are crucial in ethical property deals.
(0:17:40) - Commercial Property Investment Strategy and Risks
Managing risk and thorough communication are crucial in completing a commercial property deal using a lease option strategy.
(0:25:03) - Commercial Property Deal With Parking Anomalies
A commercial real estate deal with title issues and a flying freehold, secured through a lease option and strategic negotiations.
(0:36:22) - Property Ownership and Legal Battles
Legal battle over ownership of four flats, complications with property structure, and importance of networking in resolving access issues.
(0:50:38) - Importance of Mentorship and Networking
Formal and informal mentoring, building relationships, access to a network, authenticity and trust in business solutions.
To watch this episode on YouTube:
https://youtu.be/7dpPZJz5yVQ
To watch Cyril’s previous episode on YouTube:
https://youtu.be/AM2kW5vigsI
Follow Cyril on:
LinkedIn: https://www.linkedin.com/in/cyrilthomasuk/
Website: https://platinumcrown.co.uk/
https://www.pibuk.org/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Welcome to another insightful episode of A Wealthy Life! In today’s episode, "Organic Business Development is part skill and part opportunity," I’m thrilled to introduce you to the higher-level lessons embedded within our next two episodes featuring incredible guests Cyril Thomas and Lisa Oliver.
Join me, as I unpick the strategic business development and meticulous planning that has fuelled their property success. Whether you're captivated by commercial properties or fascinated by houses of multiple occupancy (HMO), this episode promises valuable insights to elevate your understanding far beyond the conventional scope of property investment.
Key Takeaways:
1. Importance of Education
- Discover the significance of quality education in property investment.
2. Legal Requirements
- Understand the complexities of legal requirements in commercial properties and HMO’s.
3. Business Development Strategy
- See how Lisa transitioned her personal investment strategy into a thriving business helping other landlords manage their properties.
4. Communication and Teamwork
- Grasp the importance of clear communication with clients, tenants, and team members.
5. Role of a Mentor and Network
- Learn how mentorship and a robust network can steer you through entrepreneurial challenges.
6. Financial Management
- Gain insights into efficient financial management, mitigating expenses, and optimising cash flow.
7. Expansion and Scalability
- Understand the concept of economies of scale in property management and business relationships.
So grab your favourite drink and sit back. Remember to also tune in for the next episodes
- Episode 124 Commercial Creativity with Cyril Thomas
- Episode 125 Just Because You Can Does Not Mean you Should With Lisa Oliver
Don’t miss out! Subscribe and follow our podcast to stay up to date with our latest episodes packed with valuable insights for living A Wealthy Life!
--------- EPISODE CHAPTERS ---------
(0:00:01) - Strategies for Property Investment Success
Education, commercial properties, and self-managing HMOs
(0:13:43) - Collective Power in Real Estate Growth
Collective power in real estate, strategic expense management, sourcing skills, mentorship, and integrating professional experiences for business growth.
(0:20:02) - Real Estate Growth Strategies
Nature's role in property business success, leveraging skills for diverse opportunities, transitioning from employment to financial independence.
To watch this episode on YouTube:
https://youtu.be/fTCHcEu7AAI
Previous episodes for Russ Tulloch
Episode 69 - https://youtu.be/FAjeX_4oT98
Episode 76 - https://youtu.be/E5yWId-ufxg
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Ever wondered how a holiday can teach you to live a richer, more fulfilling life? Join me as I unravel this intriguing metaphor on the Wealthy Life podcast.
Discover how taking a break from your routine can spark creativity, relaxation, and introspection, essential elements for crafting a balanced and prosperous life.
I discuss the strategies behind effective holiday planning, such as leveraging recommendations and conducting thorough research, and explore how these methods can be applied to your life and business decisions.
In the second half of the episode, I' share personal stories about my excitement for upcoming travels to Istanbul and destinations with an "M" theme, illustrating how a positive attitude can open doors to greater enjoyment and opportunities.
I also cover practical tips on financial preparation, like optimising credit card points for travel, and delve into the essence of mindfulness inspired by "The Celestine Prophecy."
Through gratitude exercises, meditation, and proactive planning, learn how to focus on what truly matters and seize valuable opportunities to enrich your life.
Tune in and please like and subscribe
--------- EPISODE CHAPTERS ---------
(0:00:01) - The Metaphor of a Wealthy Life
Holidays serve as a metaphor for a wealthy life, providing rest, creativity, and a chance to plan for achieving goals.
(0:10:16) - Reflections on Holiday Planning and Life
A positive mindset impacts holiday experiences and planning, including gratitude, financial preparation, and using credit cards for future travel.
(0:21:59) - Opportunities and Mindfulness in Life
Mindful planning and awareness in finances, mindset, and goal setting, inspired by "The Celestine Prophecy" and utilising gratitude, meditation, and proactive planning.
To watch this episode on YouTube:
https://youtu.be/StschE5AZv8
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Ever wondered what happens when a property venture goes hilariously wrong? Join me, for this episode as I bring back Craig Hopkins, our seasoned property accountant, for an episode filled with property investment horror stories you won't believe.
We discuss the importance of thorough market analysis while sharing some of the most bizarre and unexpected discoveries from property inspections.
You'll laugh out loud as Craig shares the tale of a house with non-opening windows and the unforgettable meeting with a man in his underpants.
These anecdotes underline the unpredictable nature of property investment and stress the importance of noticing even the smallest details during inspections.
We also navigate through the complexities of buying properties at auction, emphasising the need for physical inspections and the strategic use of local letting agents for distant buys. Craig’s stories about auction surprises will keep you on the edge of your seat.
But it's not all fun and games; we tackle serious pitfalls in property management as well.
Craig shares a cautionary tale of a client who breached mortgage terms by moving into a buy-to-let property, highlighting the potential legal and financial repercussions of such uninformed decisions.
The episode underscores the necessity of consulting professionals and building supportive relationships with your team to ensure long-term success.
Whether you're a seasoned investor or just starting out, this episode is packed with invaluable lessons and humour that will leave you both wiser and entertained.
--------- EPISODE HIGHLIGHTS ---------
(0:00:00) - Property Investment Horror Stories
Nature's lessons in property investment: pitfalls, horror stories, and the importance of market research and strategic decision-making.
(0:07:58) - Investment Property Pitfalls and Surprises
Humorous and shocking experiences of buying and inspecting properties, paying attention to details, quirky features, and unpredictable nature of property investment.
(0:20:02) - Property Auction Strategies and Unseen Properties
Nature's surprises and the importance of inspecting auction properties, obtaining EPC certificates, and using local agents for distant investments.
(0:24:23) - Property Investment Tips and Pitfalls
Mastering property investment through auctions, due diligence, and persistence, while balancing ambition and practicality.
(0:36:39) - Navigating Property and Business Management
Consult professionals, communicate proactively, build relationships, upgrade services for successful property management.
To watch this episode on YouTube:
https://youtu.be/a8NUH7cCzUw
Follow Craig on:
Website: https://propertyaccounts.co.uk/
Property Investors Bureau - https://pibuk.org/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
What if you could transform a neglected property into a thriving rental? Tune in as I sit down with the extraordinary Lisa Oliver for this weeks episode of A Wealthy Life.
Lisa's journey from graphic designer to successful property investor is nothing short of inspiring. We discuss her bold move of converting an ex-brothel into a lucrative HMO (House of Multiple Occupation).
Lisa underscores the power of leveraging other people's money and the vital role of networking and education in propelling her success. Her story is a remarkable testament to stepping out of one's comfort zone and striving for financial independence.
In this episode, we explore the sophisticated landscape of property investment, particularly focusing on HMOs and tenant preferences. Lisa's keen eye for transforming 'stinky houses' into valuable assets is both fascinating and educational.
With the evolving market standards, features like en-suites and high-pressure showers have become essential for attracting professional tenants. Lisa shares her strategic approach to selecting properties ripe for creative renovations and discusses the delicate balance between commercial viability and personal satisfaction.
Our conversation turns into the experiences of managing rental properties for tenants facing diverse challenges, including those on Local Housing Allowance (LHA), the homeless, and refugees.
We also discuss the practical hurdles, such as dealing with council contracts and lender policies, that come with running a property business ethically and sustainably.
Lisa’s journey is a compelling mix of professional success and meaningful impact, making this an episode rich with valuable lessons and inspiration.
Don't forget to follow and connect for more inspiring episodes
--------- EPISODE HIGHLIGHTS ---------
(0:00:10) - Creating Wealth Through Strategic Investing
Lisa Oliver's successful transition from graphic design to property investment, leveraging other people's money and networking for financial independence.
(0:12:38) - Property Investment and Tenant Preferences
Market sophistication raises standards for property investment, emphasising features like en suites and private bathrooms for professional tenants.
(0:17:55) - Impactful Landlord Stories
Managing rental properties for diverse tenants, including LHA recipients, the homeless, and refugees, brings personal fulfillment and practical challenges.
(0:31:25) - Exciting Insights and Lessons
Lisa shares insights and actionable lessons from her experiences, exploring a variety of topics and promising to add enthusiasm to your life.
To watch this episode on YouTube:
https://youtu.be/Lkt09Awn1xM
Previous episode (115) with Lisa Oliver
https://youtu.be/Rkkx1mHBHp4
Follow Lisa:
LinkedIn - https://www.linkedin.com/in/lisajoliver
Website - https://weareideal.co.uk/
https://smartmoveinvestments.co.uk/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Welcome to Episode 119 of "A Wealthy Life," where I discuss what it takes to be successful in aligning your personal values with your financial goals.
In this episode , I share the pivotal role of recognising and leveraging your resources to achieve a life that's not only wealthy but fulfilling.
Over the past months, I've had the privilege to speak with various guests who have shared their enlightening journeys—from the spark of realisation that redirected their paths, to mastering the art of using their time, money, and resources to foster lifestyles they love.
I discuss the importance of personal evolution in your investing and business ventures, the transition from merely financial success to creating a meaningful legacy, and how internal desires should drive your ambitions, rather than the external world.
Plus, I'll share a bit of my own journey following a transformative personal experience and how it redefined my understanding of success.
Whether you're looking to make impactful life decisions or find more joy in your daily routine, this episode will help you chart a course for a truly wealthy life.
Join me as we learn to live not just with wealth, but with purpose.
Don't forget to leave us a review and subscribe and I look forward to helping you continue your journey towards living A Wealthy Life.
--------- EPISODE HIGHLIGHTS ---------
03:35 Clarity in life is crucial for success.
09:38 Setting intentions for healthy, purposeful living is vital.
11:36 Corporate success can lead to dissatisfaction, stress.
16:22 People may mislead, focus on gratitude instead.
20:12 Leverage resources to achieve financial progress.
31:51 Taking responsibility for finances, health with joy.
To watch this episode on YouTube:
https://youtu.be/m6rPipg0KBs
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Stepping off the corporate ladder and scaling the heights of self-employment can be a daunting leap, but not for Cyril Thomas.
Join us as we explore his extraordinary transformation from a university student to an entrepreneurial powerhouse in the property event industry.
Cyril's tale begins with the Essex Entrepreneurship Society, a testament to the pivotal role of networking and influence, and spans to innovative property investments that would make even the most seasoned tycoons take notes.
His story isn't just about financial triumphs; it's a blueprint for success that resonates with the tenacity and foresight necessary for anyone looking to carve their own path.
Education plays a starring role in the entrepreneurial odyssey, and Cyril's academic pivot to accounting and management is no exception.
We discuss how real-world business acumen can turn a traditional degree into an entrepreneurial playground, and ponder whether bypassing the conventional job market hurdles has impacted his success.
Our conversation also veers into the personal influences that shape an entrepreneurial mindset, from the early exposure to financial literacy to the decisions that steer us toward our professional fates.
The discussion rounds off with a visionary look at the property industry's future, where Cyril's commitment to community and knowledge-sharing takes centre stage. As he shares his strategy behind the Essex Property Network and the annual Property Investor Awards, we get a glimpse of how Cyril's endeavours go beyond just business—they're about creating a supportive ecosystem for investors.
Tune in and be inspired by Cyril's journey
--------- EPISODE HIGHLIGHTS ---------
(0:00:10) - Entrepreneurial Journey of Cyril Thomas
(0:09:59) - Entrepreneurial Journey Through Education
(0:15:43) - Personal Journey to Entrepreneurship
(0:31:00) - Property Investor Awards and Bureau
(0:49:59) - Property Investment Trends and Strategies
(0:56:41) - Decentralising the Property Industry
To watch this episode on YouTube:
https://youtu.be/AM2kW5vigsI
Follow Cyril on:
LinkedIn: https://www.linkedin.com/in/cyrilthomasuk/
Website: https://platinumcrown.co.uk/
https://www.pibuk.org/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
-
Imagine stepping into the complex world of property investment, armed with expert financial insights that could pivot your success.
That's exactly what unfolds when Craig Hopkins, a seasoned property accountant and fellow investor, joins us to impart wisdom gleaned from the trenches of real estate's financial battleground.
Craig explains the transformation of accountancy within the property sphere, the intricacies of tax legislation like Section 24, and why a bespoke financial guide isn't just beneficial—it's essential for thriving in this nuanced market.
Our conversation also covers the landscape of property investment strategies, revealing the contrast between buy-to-let properties and Houses in Multiple Occupation (HMOs).
We swap stories from the early days, reflecting on the seismic shifts within the industry and how adapting investment tactics to one's personal strengths and ever-changing market conditions isn't just shrewd—it's necessary.
Drawing from personal stories and valuable lessons, we underscore the rewards of effective financial management, from sidestepping the chaos of self-management to celebrating the triumphs of a well-oiled property machine.
Remember to subscribe to join our ongoing discussions of property investment as a cornerstone for crafting the wealthy life you envision
--------- EPISODE HIGHLIGHTS ---------
(0:00:10) - Property Accountancy and Investing Insights
Property accountant Craig Hopkins emphasizes the importance of specialised financial guidance in managing tax changes and company structures in property investment.
(0:12:14) - Navigating Property Investment Strategies
Property investment strategies, HMO legislation changes, and forming a reliable power team for management are discussed in uncertain markets.
(0:24:21) - Property Management Challenges and Solutions
Nature's challenges and experiences in managing property investments, building a strong team, and delegating to experts for long-term success.
(0:28:10) - Property Management Challenges and Solutions
Managing property portfolios requires accurate accounting, cash flow management, and progressive improvement over time.
(0:32:51) - Managing Cashflow and Data Protection
Consolidating expenses, timely organisation, proactive outreach, digital storage, and consequences of neglecting financial planning.
(0:41:29) - Mistakes in Property Investment and Management
Compulsory education for business owners covers roles, financial responsibilities, pitfalls of advice, and complexities of property investment.
(0:50:15) - Value of Property Investment Advice
The importance of being prepared, understanding personal attributes, having a specialised team, and cohesive financial management.
To watch this episode on YouTube:
https://youtu.be/w-McdIwtvqQ
Follow Craig on:
Website: https://propertyaccounts.co.uk/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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Ever wondered what it's like to handle the unpredictable and often wild world of property management?
Join me, as I welcome back the ever-inspiring Stephanie Taylor for a candid exploration of the gritty realities of property management.
We share the floor to discuss the complexities of managing HMOs, recounting tales that range from the amusing escapades of tenants to alarming discoveries, like the curious case of a pink ribbon marking more than just decor.
The gritty reality of property investment isn't just about balance sheets; it's about the unexpected roles we take on—therapist, mediator, detective.
This episode peels back the curtain on the transformative power of landlord horror stories.
Our discussion takes an emotional turn as we reflect on past tenant horror stories, and how these experiences have honed our property management skills
As we wrap up, Stephanie and I dive into the transformative aspects of property investment, celebrating not only the financial benefits but also the profound impact it can have on the lives it touches.
Stories of providing homes for single mothers and the importance of recognising your own journey in this field underscore our chat.
Together, we look at the bigger picture of wealth planning and personal development in the property realm, inviting you to join us on this path of growth and success.
Ready to be inspired? Don't miss this opportunity to gain a fresh perspective on the highs and lows of the property business, and maybe find a spark of inspiration for your own ventures.
--------- EPISODE HIGHLIGHTS ---------
(0:00:10) - Property Management Challenges and Solutions
Stephanie Taylor discusses managing HMOs, practical strategies for non-paying tenants, and the importance of proactive problem-solving in property management.
(0:12:55) - Lessons Learned From Landlord Horror Stories
Lessons learned from challenging tenants, adapting strategies, and wearing multiple hats as landlords.
(0:18:27) - Management and Growth in Property Business
Tenant's struggles with mental health, property cleanup, and business lessons from a property management anecdote.
(0:29:26) - The Value of Reflection in Property
Property investment brings financial gains and positive impact, while promoting mental resilience and personal growth.
(0:35:45) - Wealthy Life Planning and Property Investment
Acknowledging the challenges and rewards of property investment, building relationships, and promoting a wealthy life through education and management.
To watch this episode on YouTube:
https://youtu.be/L-rpC578M6E
Find Stephanie on:
LinkedIn: https://www.linkedin.com/company/rent2rentsuccess
Website: https://rent2rentsuccess.com
Podcast: https://rent2rentsuccess.com/podcast
Get a free copy of the Rent 2 Rent Success Book https://rent2rentsuccess.com/wealthylife
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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