Episode 287 hosts Dr Felix Bertram (Dermatologist and serial entrepreneur) from Zurich, Switzerland.

In this podcast we do something very different and look beyond the business strategies of earning money from aesthetics. We discuss the importance of financial freedom, budgeting, and various investment options such as savings accounts, term deposits, stocks, property, gold, and cryptocurrency.

We emphasize the importance of starting early, understanding the power of compound interest, and seeking professional financial advice. Our conversation also highlights the differences between venture capital, private equity, and the importance of having a succession plan for business owners. The episode ends with practical advice and insights for professionals seeking to enhance their financial literacy and future-proof their wealth.

00:00 Introduction

00:51 Today's Special Guest: Dr. Felix Bertram

01:10 Wealth Creation for Professionals

04:51 Understanding Financial Freedom

05:56 Defining Passive Income

18:19 The Importance of Budgeting

39:21 Investment Strategies and Diversification

46:57 Investing Inherited Money in the Stock Market

47:11 The Long-Term Benefits of Stock Investments

48:34 Understanding Investment Fees

49:30 Allocating Monthly Income to Investments

50:07 Exploring Safe Investments: Government Bonds

50:42 Property Investment: Pros and Cons

51:35 Challenges of Property Ownership for Young People

57:33 Superannuation: A Secure Retirement Fund

01:01:41 The Value of Gold in Investment Portfolios

01:06:44 Cryptocurrency

01:14:16 Venture Capital and Private Equity

01:22:37 Preparing Your Business for Sale

01:27:02 Final Thoughts on Wealth Creation

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