The Real Wealth Podcast

In this episode I cover 5 key wealth strategies for someone who is just looking to start their wealth creation journey in 2023.

Key Takeaways:

- Welcome – not financial advice.
-  Inherently means we are looking at low cost start up investment options.
-  First thing to mention it is near impossible to start this phase of wealth creation if you haven’t mastered the first C in wealth – control
-  Creating wealth without first mastering the major pitfall that most people fall in their finances;
         o   Increase your expenses in line with income
         o   Abuse of credit cards to buy things you don’t really need
         o   Ignoring debts and not effectively managing your money – credit card example
         o   Failing to effectively save
         o   Sacrifice short term for the benefit long term.
-  Building wealth is a long term game and it comes from the foundations up. You cant build on shaky foundations
- Various news outlets report that 70% of people who win a lottery or get a big windfall end up broke in a few years, quoting a study by National Endowment for Financial Education (NEFE). 

Strategy 1: Invest in yourself:

·        Personal education, you are your best investment. Assets, jobs can all be taken away but no one can take away the knowledge you have built.
·        Now in the digital age there is a wealth of knowledge available to the masses at relatively low cost.
        o   Podcasts – massive store of free knowledge on all subjects.
        o   Books – cheap access to subject matter experts, billionaire level knowledge
        o   Social media content – in amongst the videos of cats falling off stuff there can be hugely valuable 
        o   You tube – when we started out in property I gain a huge amount of knowledge from that 
        o   Chat GPT – can write you a curriculum 
        o   Networking – free events. Fair warning usually an upsell.

·        Learning earning and yearning. Merge then , constantly learning to grow the earning. Retirement is falasy.

Strategy 2: Stock and Shares:

·        Good long term play to build wealth with relatively small cash pots
·        You need to create money to invest, but you can do this from as little as £500 initial investment and £50 per month. Over time you can build up a decent fund.
·        Invest via a self managed platform like Hargreaves Lansdown or Vanguard. Transaction fees are very low and you choose what index to invest in.
·        We are talking here about an index as opposed to individual shares, as these are inheritantly riskier.
·        Something like the S&P 500 - The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed
·        Since its inception in 1957 average annual return is over 11%
·        Example if you invest a starting pot of £1k and then £100 per month thereafter 10 year £25k after 20 years you would have £75k based on a 10% return.
·        This type of investment is not designed to make you rich but it does start to create a decent investment pot
·        Invest through your stock and shares ISA and you can invest up to £20k&

In this episode, we sit down with Michael Donnelly the Managing Director of AD plus accounting services. We speak about all of the Entrepreneurs he meets in his profession, common traits and the importance of tax in Entrepreneurship. 

Key points:
- Michael runs a large successful accounting practice in Central Scotland
- The importance of network to help accelerate you financial knowledge and ultimate financial success.
- The challenges of taking over an existing family business.
- Organic growth of his business through a focus on a core Ethos. Putting the Client first.
- The difficulties in recruiting good staff
- Work Ethic, commitment, resilience core commonalities of successful Entrepreneurs.  
- Businesses doing well during hard economic times, are based on the leadership and focusing on what they can control and not the things they cant.
- Advice for those starting out - Get it right, rather than do it in a rush. Patience is key in starting out. Continually invest in your own education.
- Incredible Artificial intelligence advancements and how quickly this will change the world.
- The tax system is rigged so employees have no understanding of tax. Up to 70% of what you earn goes back in tax.
- Entrepreneurs must understand the basics of tax to ensure they provide for their obligations
- Managing budgets and your finances are key to building wealth
- Getting this key financial knowledge is critical early in your life, but school wont cover this so you need to educate your children yourself.



Like, Subscribe and Share for weekly podcasts!

Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials...
Following Real Property Training, for more tips on property investing:

You tube:   
@therealwealthpodcast
Instagram:
https://www.instagram.com/therealwealthpodcast/
 
Join our Real Property Community on Facebook: https://www.facebook.com/groups/1224232164973501

Our Book: Fast track to Property Millions:
 Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: 

Your Host: 

Alex Robertson is a self-made property investor and businessman. He comes from a financial background, gaining a degree in Accounting and Finance and then going on to qualify as a chartered management accountant. Alex is one of Co-Founders of Real Estate Wealth Development, a group of companies in the property industry, with over 200 buy to let properties, training company, construction company and development business. He is also the co-author of the book Fast Track to Property Millions.

 

Contact:

Instagram: @rewdgroupalex

Facebook: (4) Alex Robertson | Facebook

Linked in: (2) Alex W Robertson | LinkedIn

Email: [email protected]

In this episode, we sit down with Terry black burn. Terry Blackburn is an award-winning entrepreneur and founder of seven successful businesses in property investing, mortgage brokerage and life insurance including Bespoke Financial which is one of the largest life insurance brokers in the UK.

Like, Subscribe and Share for weekly podcasts!

Check out Terry Blackburns book on Amazon: 
https://www.amazon.co.uk/Audible-Be-a-Lion/dp/B0BPN6NSNH/ref=sr_1_1?crid=LNLVOPDMCRLL&keywords=be+a+lion&qid=1681716825&sprefix=be+a+lion%2Caps%2C105&sr=8-1

Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials...
Following Real Property Training, for more tips on property investing:

You tube:   
@therealwealthpodcast
Instagram:
https://www.instagram.com/therealwealthpodcast/
 
Join our Real Property Community on Facebook: https://www.facebook.com/groups/1224232164973501

Our Book: Fast track to Property Millions:
 Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: 

Your Host: 

Alex Robertson is a self-made property investor and businessman. He comes from a financial background, gaining a degree in Accounting and Finance and then going on to qualify as a chartered management accountant. Alex is one of Co-Founders of Real Estate Wealth Development, a group of companies in the property industry, with over 200 buy to let properties, training company, construction company and development business. He is also the co-author of the book Fast Track to Property Millions.

 

Contact:

Instagram: @rewdgroupalex

Facebook: (4) Alex Robertson | Facebook

Linked in: (2) Alex W Robertson | LinkedIn

Email: [email protected]

Description:

In this solo episode I am talking about the risks in having cash in the bank. With 3 banks going down in the last few months its more important than ever you understand the banking system and risks in holding cash. Its not the safe option your taught to believe it is.

Highlights:

• The History of Money
• Money is printed as debt
• The strength of our currency is a measure of confidence in our government. Our Government is insolvent.
• inflation erodes the value of cash in the bank.
• If inflation is higher than the interest your getting on your cash, your cash is a liability.
• When you have money in the bank, the bank take your money and invest it. They only have to hold 10% of your money. Banks aren't the safe option.
• Only £85k of your cash is insured per financial institution.
• No one ever gets rich by leaving money in the bank.
• Balance Risk with return. The banks are now inherently riskier with 3 banks recently going down, but the return hasn't increased to reflect this. 

Resources:

Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials-course-page/

-        Following Real Property Training, for more tips on property investing:

o   You tube: https://www.youtube.com/channel/UC1JmktMGRuEpPalLqndDRRw

o   Facebook: https://www.facebook.com/profile.php?id=100089657347374

-        Join our Real Property Community on Facebook: https://rewdtraining.co.uk/the-real-property-community/

-        Our Book: Fast track to Property Millions: Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: Books

 - Our audiobook: 

Your Host: 

Alex Robertson is a self-made property investor and businessman. He comes from a financial background, gaining a degree in Accounting and Finance and then going on to qualify as a chartered management accountant. Alex is one of Co-Founders of Real Estate Wealth Development, a group of companies in the property industry, with over 200 buy to let properties, training company, construction company and development business. He is also the co-author of the book Fast Track to Property Millions.

Contact:

Instagram: @rewdgroupalex

Facebook: (4) Alex Robertson | Facebook

Linked in: (2) Alex W Robertson | LinkedIn

Email: [email protected]

Episode 4: Turning Passion into Profession with Chris Bradley

Description:

The Upgraded  Coach, Glasgow PT and Author of Fitness Business Mastery, Chris Bradley has built a successful business training PT professionals to scale their business. In this episode we talk about turning your passion into profession, mastering digital marketing, as well as living your life on your own terms.

Highlights:

-       Chris details the drivers that took him from working full time in Sainbury's to running a successful PT business and the on to becoming the Coaches' Coach.
-       We talk about how to scale your business through digital marketing.
-       He provides us some golden nuggets on entrepreneurship and scaling your own business.

Resources:

-        Follow Chris on Social Media: 

o   Instagram: https://www.instagram.com/thecoachesmentor/

-        Check Our Chris Bradleys’s company:  https://www.theupgradedcoach.co.uk/timeforanupgrade1

- Check out Chris's book: https://www.amazon.co.uk/Fitness-Business-Mastery-fitness-qualify-ebook/dp/B0BV3DFLJB/ref=sr_1_1?keywords=fitness+business+mastery&qid=1680516848&sprefix=fitness+busines%2Caps%2C74&sr=8-1

-        Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials-course-page/

-        Following Real Property Training, for more tips on property investing:

o   You tube: https://www.youtube.com/channel/UC1JmktMGRuEpPalLqndDRRw

o   Facebook: https://www.facebook.com/profile.php?id=100089657347374

-        Join our Real Property Community on Facebook: 

-        Our Book: Fast track to Property Millions: Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: Books

Your Host: 

Alex Robertson is a self-made property investor and businessman. He comes from a financial background, gaining a degree in Accounting and Finance and then going on to qualify as a chartered management accountant. Alex is one of Co-Founders of Real Estate Wealth Development, a group of companies in the property industry, with over 200 buy to let properties, training company, construction company and development business. He is also the co-author of the book Fast Track to Property Millions.

Contact:

Instagram: @rewdgroupalex

Facebook: (4) Alex Robertson | Facebook

Linked in: (2) Alex W Robertson | LinkedIn

Email: [email protected]

Episode 3: Taming Dragons Den

Multi-award winning you Entrepreneur and founder of Flux solutions, Robbie MacIsaac sits down with us this week to talk wealth building from a young age and his experience on Dragons Den.

Highlights:

- Robbie outlines his journey and entrepreneurship from a young age, the spark that led him to invent his first product and the challenges in taking it to market.

- We talk about the resources available to anyone starting out in their own company

- He recounts his recent Dragons Den experience, the solid advice given by the Dragons on his business model going forward.

- His journey into property investment.

- His plans for the future and building his empire.

Resources:

- Follow Robbie on Social Media:

o Facebook: https://www.facebook.com/robbie.macisaac

o Instagram: https://www.instagram.com/robbiemacisaac/

- Check Our Robbie MacIsaac’s company: https://fluxsolutions.co.uk/

- Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials-course-page/

- Following Real Property Training, for more tips on property investing: o You tube: https://www.youtube.com/channel/UC1JmktMGRuEpPalLqndDRRw o Facebook: https://www.facebook.com/profile.php?id=100089657347374

- Join our Real Property Community on Facebook: - Our Book: Fast track to Property Millions: Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: Books

Description:

Laurie Duncan the Co-Founder of Real Estate Wealth Developments talks about his journey to Entrepreneurship and financial freedom, by building a property portfolio with over 200 properties in just a few years.

Highlights:

-        Laurie share his journey from sales to entrepreneurship and the drivers behind that.

-        Laurie talks about mindset mastery as step 1 in entrepreneurship: know yourself first in order to set a strong foundation for your business.

-        We cover how to get started in property and the importance of educating yourself, given all the tax changes, lending options and process to seriously fast-track your journey when you know how!

-        How to get started in property when you have limited funds.

-        Tip to get your first investors on board

-        The benefits of passive income through property and the flexibility this can give you to expand into other businesses.

-        The benefits of having a business partnership where your partner has complementary skills to plug your weaknesses.

-        Check out our 0-200 properties in 2.5 years story via the link below.

Resources:

Resources:

-        Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials-course-page/

-        Following Real Property Training, for more tips on property investing:

o   You tube: https://www.youtube.com/channel/UC1JmktMGRuEpPalLqndDRRw

o   Facebook: https://www.facebook.com/profile.php?id=100089657347374

-        Join our Real Property Community on Facebook: 

-        Our Book: Fast track to Property Millions: Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: Books

Your Host: 

Alex Robertson is a self-made property investor and businessman. He comes from a financial background, gaining a degree in Accounting and Finance and then going on to qualify as a chartered management accountant. Alex is one of Co-Founders of Real Estate Wealth Development, a group of companies in the property industry, with over 200 buy to let properties, training company, construction company and development business. He is also the co-author of the book Fast Track to Property Millions.

Contact:

Instagram: @rewdgroupalex

Facebook: (4) Alex Robertson | Facebook

Linked in: (2) Alex W Robertson | LinkedIn

Email: [email protected]

In Episode 1 your host Alex Robertson is explaining his journey to entrepreneurship, escaping the system and the corporate machine.

Highlights:

- This not financial advice always take professional advice.

- The Real Wealth podcast is aimed at opening your eyes to the potential of financial freedom and living a life on your own terms.

- We are all brought up through a system that is designed to pump out employees into the workforce and pay the majority of your earnings to the government through direct tax, indirect tax and stealth tax.

- Learn to master the “4 C’s in Wealth”:

•  Control – learn to manage your money, budget and save
•  Create – Learn all the different wealth creation strategies, all of which we will be exploring in future podcasts
• Compound – the power of growing wealth through reinvestment
• Conserve – learn to protect your newly created wealth, with diversification of investment and tax avoidance strategies.

- The Game Changer, reading Rich Dad Poor Dad by Robert Kiyosaki:

• Pay your self first: Never increase your outgoings to a point where you can first save a targeted portion of your income
• Buy Assets not Liabilities. Put simply an Asset puts money in your pocket, a liability takes it out. NOTE: Your house is not an Asset.
• Master your mindset to master your money
• To create wealth you must take risks. Risks = Rewards
• ESBI Quadrant & Passive Income:
• Two thirds of your life you are working for the government, understanding tax and how to avoid it, is fundament to building wealth.
• Use good debt to build your wealth and avoid bad debt (to buy things you can’t afford and don’t need).
• Learn the power of compounding. The example of the penny multiplier:
• 
  

Resources:

-        Our story on Starting Real Estate Wealth Development and going for 0-200 properties in two and a half years: https://rewdtraining.co.uk/essentials-course-page/

-        Following Real Property Training, for more tips on property investing:

o   You tube: https://www.youtube.com/channel/UC1JmktMGRuEpPalLqndDRRw

o   Facebook: https://www.facebook.com/profile.php?id=100089657347374

-        Join our Real Property Community on Facebook: 

-        Our Book: Fast track to Property Millions: Fast-Track to Property Millions: Amazon.co.uk: Duncan, Laurie, Robertson, Alex, Tracey, Conar: 9781739854379: Books

Contact:

Instagram: @rewdgroupalex 
Facebook: https://www.facebook.com/profile.php?id=1582881827
Linked in: https://www.linkedin.com/in/awrproperty/
Email: [email protected]