Episode 33: Back to 2008

Katelin Reger

October 19, 2022

A Wealthy Life

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.

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Back to 2008

We have been hearing the word “recession” for months, with experts divided and citizens confused. Lately the news has ramped up reports of a troubled market, rising interest rates and soaring inflation. All creating the unnerving sense you may feel- and I certainly do- that we have gone back to 2008.

On this episode, we will make sense of what all this means for wealth building, with emphasis on property investment, debt and re-mortgaging. What is causing all this economic chaos? How can we carry on with our wealth plans when things are so uncertain? With so much out of our individual control, is there anything we can do to keep our finances in check?

Lucky for you, Vicki got her start in property investment right around the 2008 crisis and has seen it all since then. Tune in for some tested tips to weathering uncertain times.

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Highlights from this episode:

[00:01:54] – Why you should invest in property

[00:04:06] – Interest Rates

[00:12:02] – Take another look at your borrowing

[00:19:53] – Here we go again

[00:22:57] – Start to explore how to mitigate rising costs

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?

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.

Https://VickiWusche.com/Scorecard/

Connect with Vicki:

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Booking calendar – https://calendly.com/vickiwusche

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