WealthTalk - money, wealth and personal finance.

Featured Guest: Shaz Nawaz - AA Accountants. Tax is the overlay to every single asset. So whatever asset you decide to invest in, there's going to be a different tax treatment. In today’s episode we’re focusing on Pillar 4 - Property, and we are delighted to welcome property tax expert Shaz Nawaz to share his vast knowledge around common tax mitigating strategies that any investor should be aware of. Shaz will be covering reliefs and exemptions, capital allowances, personal tax strategy as well as when you should and not consider incorporating your properties. We all have an obligation to pay our taxes, however, if you can minimize those, and feel comfortable with retaining as much profit and income as possible, then this is going to help you to build your wealth. Resources Mentioned In This Episode:WT23: Using Trusts To Protect Your Assets Find Out More About The WealthBuilders AcademyA step by step process to help you create, build and protect your wealth.https://www.wealthbuilders.co.uk/academy Register for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membership If you have been enjoying listening to WealthTalk - Please Leave Us A Review!

 What are the advantages and disadvantages of investing in commercial property over residential? There are certainly different, more sophisticated rules, and some of the advantages include greater tax allowances, and the ability to invest using your pension [SSAS]. In fact, you’ll learn how commercial property really lends itself to working well with both the pension and business pillars. You’ll hear from three members of the WealthBuilders Community who share their insights into different types of commercial property investing opportunities that are available, including commercial to residential, mixed use properties, office space and the industrial sector. Is investing in commercial property more risky than residential? Listen to find out! Show contributors - Suzie Carter, Dan Taylor, Mark Stokes.Resources Mentioned in this Episodehttps://www.amazon.co.uk/Commercial-Residential-Conversions-essential-developers/dp/152722788X Find Out More About The WealthBuilders AcademyA step by step process to help you create, build and protect your wealth.https://www.wealthbuilders.co.uk/academy Register for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membership If you have been enjoying listening to WealthTalk - Please Leave Us A Review!

What is serviced accommodation, and what are the pros and cons of this property investing strategy? Instead of renting a property in the traditional sense for a number of years, this strategy focuses on short term lets - taking a property and treating it more like a guest house or hotel. In recent years companies such as Airbnb have completely revolutionsed this market, and in doing so, have created new opportunities for property owners to leverage their existing assets to achieve higher cash flow. You’ll hear from four members of the WealthBuilders Community who share their experiences, along with a whole host of things you have to learn about - not just delivering the service, but how do you get the customers in the first place? What's your tenant type? Are you catering for corporate customers, or leisure, or both? Where's the location? Is there a demand for people who would want to rent for short term? Show contributors - Ian McBain, Ian Morton, Adrian Taylor, Lee Pemberton.Resources Mentioned In This Episode:https://www.airbnb.co.ukhttps://www.booking.comhttps://www.expedia.co.uk/ Find Out More About The WealthBuilders Academy. A step by step process to help you create, build and protect your wealth. https://www.wealthbuilders.co.uk/academy Register for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membership If you have been enjoying listening to WealthTalk - Please Leave Us A Review!

What is an HMO, and what are the pros and cons of this property investing strategy? Instead of renting a property on an Assured Shorthold Tenancy (AST) to a single family, a way to leverage the capacity within that property is to rent the individual rooms to unconnected tenants - generating increased revenue and cash flow for the property owner. You’ll hear from four members of the WealthBuilders community who are each focusing on different market sectors, and discover how they are delivering value for their tenants and customers using the HMO strategy. You’ll also hear why ‘not having enough money’ is not a reason to delay getting started! Show contributors - Kevin McDonnell, Andy Bedwell, Chris Paton, Kevin Kinsella.Resources Mentioned In This Episode:No Money Down Property Investing - Kevin McDonnell [Book]Houses of Multiple Occupation Guidelines - Gov.ukFind Out More About The WealthBuilders AcademyA step by step process to help you create, build and protect your wealth.https://www.wealthbuilders.co.uk/academyRegister for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membershipIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!

Simon Zutshi has been investing in UK property for over 20 years. In 2003 Simon hosted his first network meeting for property investors, establishing the Property Investors Network (PIN) - which today boasts 50 meetings across the UK every month, making it the UK’s biggest training and networking organisation. In today’s episode recorded live in London, we hear from Simon on his views of the current UK Property market, and whether the uncertainty that surrounds the future of the country presents a reason to be cautious, or huge opportunities. Show contributors - Simon Zutshi.Resources Mentioned In This Episode:Register to attend your local PIN networking event for FREE[CLICK HERE] to select your nearest location, and enter voucher code ‘wealthbuilders’ when selecting your booking/payment method]Property Magic by Simon Zutshi [Book]Take the Wealth Dynamics TestFind Out More About The WealthBuilders AcademyA step by step process to help you create, build and protect your wealth.https://www.wealthbuilders.co.uk/academyRegister for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membershipIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!

One of the most widely used assets to generate wealth in the UK is property. However, there are so many different ways to invest in property, and in today’s episode Kevin Whelan & Christian Rodwell begin to look at some of those different strategies, and who they may be best suited to. As with all of the 7 Pillars of Wealth, the process for generating recurring income involves turning the wheel of wealth, and that always begins with education.Resources Mentioned In This Episode:Episode 009 - The Wheel of WealthEpisode 011 - Creating Leverage Using F.I.R.S.TTake the Wealth Dynamics Test*Find Out More About The WealthBuilders Foundation Programme. *A step by step process to help you create, build and protect your wealth.https://www.wealthbuilders.co.uk/foundationRegister for Free Access to the WealthBuilders Membership Sitehttps://www.wealthbuilders.co.uk/membershipIf you have been enjoying listening to WealthTalk - Please Leave Us A Review!

If you’re currently in drifting mode then today’s episode might just provide the kick-start you need to re-focus on your own plan for building wealth. You’ll hear from four of our members who took action by joining the WealthBuilders Foundation Programme when we launched in May, and some of the positive actions they’ve already taken within their first 90 days. Show contributors - Louise Righton, Jon Dale, Henry Austin, Rupert Day.Find Out More About The WealthBuilders Academyhttps://www.wealthbuilders.co.uk/academy

The principle of due diligence is risk mitigation. Wealth is about managing returns and managing risk. In today’s episode Kevin Whelan shares 5 areas which may be useful for you to check off when approaching your own research into investment opportunities. You’ll also hear some alternative investing strategies from two more WealthBuilder clients including crowdfunding and investing in businesses. Show contributors - Michelle Bryant, Mike Hedgecox.Resources Mentioned In This Episode:Listen to Episode 06 - Using Wealth Dynamics to Find Your Personal FlowListen to Episode 09 - The Wheel of Wealth5 STEPS OF DUE DILIGENCE:PersonalProductPeoplePropertyProcessCLICK HERE FOR FREE MEMBERSHIP ACCESSClick Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

It's important to know what would happen and who could make decisions to keep your assets protected, well maintained, well organised and structured and continue to do that if for any reason you weren't able to. WealthBuilding is a management process. There needs to be some management, not least because things change, tax laws change our health changes, our relationships often change. We focus on the different types of Trust, Wills and Lasting Power of Attorney in this week’s episode of WealthTalk.Resources Mentioned In This Episode:Listen to Episode 008 - Protecting Your Assets [The ROOF]Listen to Episode 018 - SSAS Pensions [The Director’s Pension]Make, register or end a Lasting Power of AttorneyWording to check how your home is owned:The Title Register Document will show the names of the people that own the property and, if you are tenants in common will also have wording similar to: "No disposition by a sole proprietor of the registered estate (except a trust corporation) under which capital money arises is to be registered unless authorised by an order of the court".If there is no such wording in the Title Register Document then you are almost certainly joint tenants.CLICK HERE FOR FREE MEMBERSHIP ACCESSClick Here To Find Out More About The WealthBuilders AcademyLinks to all WealthTalk podcast episodes can be found atwww.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebook

Invest at low cost, look to diversify your investments and always do your due diligence to mitigate risk. These are some of the key lessons from today’s episode of WealthTalk, where we carry on from last week’s introduction to Pillar 3, investments. You’ll hear from two WealthBuilder clients who share differing approaches to investing, and if the investment pillar is one that interests you, then it’s important to find a process that will be well suited to you. Show contributors - Jeremy Downing, Manish Kataria.Resources Mentioned In This Episode:Listen to WT0021 - Why most investments are C.R.A.PClick Here To Find Out More About The WealthBuilders AcademyLinks to all WealthTalk podcast episodes can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookCLICK HERE FOR FREE MEMBERSHIP ACCESS