Wealth mentor, Author and podcaster, Kevin Whelan joins the show today to discuss his motivation behind ensuring he no longer was reliant on trading his time for money and how he created the simple process to help people become financially free in as little as five years. Together, they cover everything from pushing back on traditional financial viewpoints, how to create a self-replenishing bank account that will last for generations and how to create recurring income whilst continuing to give recurring value.

 

KEY TAKEAWAYS

• Recurring income is at the heart of wealth. Business and assets are the real skill when aiming to be financially independent. Anyone can follow a step-by step process to financial freedom, whilst it may be an easy process, it is not a quick one. The road to financial independence is about five years.
• There are many people discovering new ways to live their life financially free and not having to wait until their sixties or die without seeing any form of retirement.
• Kevin is keen on pushing back on tradition and encouraging people to be empowered by themselves and get enough knowledge, support and connection. This is to ensure people do not feel isolated and do not feel they cannot trust people. Wealth Builders is a thriving community of like minded people with a singular focus, of becoming financially independent and enjoying the journey along the way.
• The money doesn’t die, the money perpetuates. Traditionally, when you build your nest egg you create a legacy and then you distribute that legacy. However, people typically do not get around to discussing money with the next generation. It is hugely valuable to treat the next generation with respect and give them the chance to use the money you have accumulated to give them choices and options as well as giving them the wisdom to carry on with your thinking and perpetuate your wealth into a self-replenishing bank account serving the next generations.
•   As long as you have the ability to satisfy and solve the problems of other people there is no limit to the amount of return on your investment you can make. You can turn your investments into an infinite return particularly if you do not need to be in the business.
• Business is as much of a trap as any other activity because when people pursue their passion, people can get caught in the trap of trading time for money. If you have a business which consistently solves the problems of your customers, and you continue to focus on adding value then the longer your customers will stay. Therefore they continue to get recurring value, and you continue to get recurring income.

 

BEST MOMENTS

“I had the chance to not have to start and trade my time for money.”

“That would have been so much more valuable in how I live my life.”

“It is all about leaving a legacy within people not leaving a legacy to people.”

 

ABOUT THE GUEST

“Kevin Whelan: Wealth Mentor,Ssas Expert,Author & Podcaster. I help business owners & property investors leverage existing assets to create lasting wealth”

LinkedIn: https://uk.linkedin.com/in/kevinjwhelan

Website: https://www.wealthbuilders.co.uk

 

VALUABLE RESOURCES

Facebook Group: Systems and Outsourcing

Systems and Outsourcing Website

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