WealthTalk - money, wealth and personal finance.

Following on from episode 15 where we heard examples from three members of the WealthBuilders community on how they have turned their home into an asset, Kevin and Christian reflect on some of the lessons learned, and discuss additional ways that you can turn your home into a cash-flowing asset.Resources Mentioned In This Episode:Rent a room scheme [UK] - https://www.gov.uk/rent-room-in-your-home/the-rent-a-room-schemeSave A Fortune eBook by Kevin Whelan [Free Download] - https://membership.wealthbuilders.co.uk/free-accessClick Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

How can you turn your home into a cash-flowing asset? This week we begin to look in more detail at how to create recurring income from each of the 7 pillars of wealth ...and remember, in Kevin Whelan’s exhaustive research over the last 30 years ...there are only 7 ways to build wealth! This week we take a look at Pillar 1 which is Home Capacity, and hear from 3 members of the WealthBuilders community exactly how they have created income from their homes, without selling. Show Contributors - Stephanie Aitken, Bronwen Vearncombe, Carol Robinson.Click Here To Find Out More About The WealthBuilders Foundation ProgrammeLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

Learning how to become more valuable to the marketplace is an essential WealthBuilding skill, and one which Kevin and Christian talk about in depth today.The best time to start building you wealth is now, regardless of what’s happening in the economy, Brexit, interest rates or any other ‘market’ that is simply out of your control. When you really know yourself and where you can best deliver value to others, you’ll create a feeling of certainty that you won’t get trading time for money for somebody else. Click Here To Find Out More About The WealthBuilders Foundation ProgrammeTake the Wealth Dynamics TestLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

In Episode 012 Kevin & Christian announced the launch of the WealthBuilders Foundation Programme which is available to enrol in now.This week they discuss modules 7-12 and the 3 different levels of support which people can choose from. This new programme is for anybody currently not yet at a place of Financial Security, which means you still trade your time for money and don’t yet have enough recurring income from assets to cover your monthly expenses. Click Here To Find Out More About The WealthBuilders AcademyLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: www.wealthbuilders.co.uk/membership

Christian & Kevin announce the launch of the WealthBuilders Foundation Programme and talk through what’s covered in the first 6 modules. This new programme is for anybody currently not yet at a place of Financial Security, which means you still trade your time for money and don’t yet have enough recurring income from assets to cover your monthly expenses.Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: www.wealthbuilders.co.uk/membership

What is Leverage? Leverage is the key to the creation of wealth. In today’s episode of WealthTalk Kevin shares another of his unique acronyms which can help you to accelerate your wealth building - F.I.R.S.T.Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group:Join the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources: https://membership.wealthbuilders.co.uk/free-access

In recent episodes Kevin and Christian have been discussing how to discover extra money in your life you didn’t know existed using the D.E.B.I.T.S model. In this episode they look at 7 simple first steps which you can take to begin putting the extra money you have managed to save each month and start making it work harder for you, and begin the Wealth-Building process. Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group:Join the WealthBuilders Membership Site for Free and get access to free Wealth-building Resources:www.wealthbuilders.co.uk/membership

A handy reminder of the WealthBuilders model and the different elements that have been discussed in the first 8 episodes. But how does it all connect together to actually begin generating recurring income? The answer is by turning what Kevin has coined as ‘The Wheel Of Wealth’. In this episode you’ll find out what the 5 different components of the wheel are ...and why you can’t cheat the wheel!In this episode of WealthTalk, Christian and Kevin discuss:Recap of the WealthBuilders model: Foundation > 7 Pillars of Wealth > RoofWhy it’s important to begin with the end in mind when thinking about wealthThe 5 steps of ‘The Wheel of Wealth’ - the unique process that must be applied to any asset in order to generate recurring incomeThe dangers of skipping any of the steps that make up the wheelThe consequences of skipping step 4 is that your wheel might start to turn backwards!By following this process Kevin believes you can reach Financial Independence within 3-7 yearsLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free and watch the ‘Wheel of Wealth’ video: https://membership.wealthbuilders.co.uk/login

In today’s episode Kevin & Christian talk about the roof that sits upon the 7 pillars which were discussed in Episode 007, and the Foundation discussed in Episode 004 [D.E.B.I.T.S]. The roof consists of a few protective documents which for a few hundred pounds to put in place - will ensure that your assets are protected and ‘watertight’, and ensure you are not leaving family members or business partners with potentially difficult and unpleasant situations to have to deal with after you pass on. In this episode of WealthTalk, Christian and Kevin discuss:The importance of having a willPower of AttorneyKnowing what would happen in the worst case scenario if you are in business with somebody elseThe use of trustsHow to have the government pay part of your life insurance premium via tax reliefJoint Tenants vs Tenants In Common - and why you should know which applies to youLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free: https://membership.wealthbuilders.co.uk/login

Wealth comes from the ownership and control of assets, and the good news is ...there are only 7 assets to choose from to build your wealth. In this key episode of WealthTalk you’ll learn what each of the 7 assets are, and why at WealthBuilders we refer to them as ‘The 7 Pillars of Wealth’.In this episode of WealthTalk, Christian and Kevin discuss:A reminder of Kevin Whelan’s definition of an assetThe reason why so many people never build wealth is because their money is ‘parked’ in either one or more of the first three assetsThe difference between an asset that generates cash flow and a latent assetThe biggest mistakes that people make with each of the different asset classesWhy your home isn’t an asset ...but some ideas as to how you could it into oneSSAS Pensions: the best kept financial secret?The 4 entrepreneurial pillarsWhy it’s so important (and so easy) to implement a little risk mitigation to your assetsLinks and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalkJoin the WealthBuilders Facebook Group: www.wealthbuilders.co.uk/facebookJoin the WealthBuilders Membership Site for Free: https://membership.wealthbuilders.co.uk/login