A WEALTHY LIFE PODCAST
Provoking thought and discussion
What would you do if you did not have to work just to pay the bills
A Wealthy Life Podcast
At last, a wealth podcast filled with truly practical tips, deep insights (and a touch of British humour). We cover all things wealth, property, and financial education- helping you to rethink your relationship with money.
- If you have started to realise that time is worth more than money – and even more so if you haven’t – A Wealthy Life is the podcast for you!
- Are you a business owner, contractor, or leader of industry? Are you tired of missing out on family life? Do you wish you were truly in charge of how you spend your time? A Wealthy Life is the podcast for you!
- Do you want to feel comfortable around money and investments? Want to know that you are financially resilient, no matter what this decade dreams up next? A Wealthy Life is DEFINITELY the podcast for you!
Follow and subscribe NOW to never miss an episode!
Welcome to A Wealthy Life, a podcast by author and wealth strategist Vicki Wusche.
This brand new series is filled with practical tips, insights and a touch of humour covering all things wealth, money, and financial education, helping you to rethink your relationship with money and time.
If you have started to realise that time is worth more than money – and even more so if you haven’t, then A Wealthy Life is the podcast for you.
If you’re a business owner, contractor or leader of industry – are you tired of missing out on family life? Do you wish you were the one in charge of how you spend your time? Then A Wealthy Life is the podcast for you.
Do you just want to feel more comfortable around money and investments, and know that you are financially resilient no matter what this decade dreams up next? Then A Wealthy Life is DEFINITELY the podcast for you.
Follow and subscribe now to never miss an episode.
In today’s episode, I address why starting with foundational investments, such as vanilla buy-to-let properties, is not just a safe choice but a smart one.
We often hear that buy-to-let properties yield low cash flow and slow portfolio growth.
But I’ll show you how these seemingly vanilla investment techniques provide a steady and reliable foundation for your property portfolio.
We’ll delve into the simplicity of vanilla buy-to-let compared to complex strategies like the BRRR (Buy, Refurbish, Rent, Refinance) method, ensuring you understand the landscape well enough to make informed decisions.
Whether you’re eyeing two properties a year or considering alternative funding avenues like remortgaging or flipping properties, we’ll cover it all. I’ll also warn against the dangers of money laundering and stress the necessity of declaring funds’ origins to mortgage lenders.
For those contemplating more complex strategies like HMOs, we’ll compare their higher cash flow potential with the increased responsibilities and legal requirements they bring. I also discuss managing utilities, wear and tear, and tenant turnover, as well as the considerable time commitment involved in both HMOs and service accommodations.
If you’re just starting, vanilla buy-to-let properties will be your training ground, providing slow but sure learning opportunities with lower time demands.
Tune in to hear why building a cash-flowing portfolio with a strong foundation is so crucial, and how you can transition into more complex investments once you’re ready.
Join me as we explore these fundamental investment strategies and prepare you for a gradual, steady build towards a wealthy life.
So, sit back, and let’s dive into the world of property investment with a balanced approach that matches your financial goals, personal tastes, and risk tolerance.
Don’t forget to leave us a review and subscribe!
——— EPISODE CHAPTERS ———
(0:00:10) – Building Wealth Through Property Investment
Buy-to-let properties are a reliable foundation for building a portfolio using the BRRR model
(0:07:48) – Advanced Property Investment Strategies
Methods for generating money in property investment, including saving, joint ventures, and buy-to-let strategies.
(0:12:55) – Property Investment
Pacing and risk management in property investment, borrowing risks, and benefits and challenges of renting HMOs.
(0:22:29) – Property Investment Strategies and Success
Comparing buy-to-let, rent-to-rent, and serviced accommodation for property investment, considering cash flow, time management, and personal goals.
(0:33:25) – Building Wealth Through Buy to Let
Buy-to-let property investment serves as a training ground for property skills, allowing for growth and eventually riskier strategies.
Join the Wealthy Life Community
To watch this episode on YouTube:
Connect with Vicki:
Visit my website to learn more
Book a call – https://calendly.com/vickiwusche
Access free resources:
https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them
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