Here in the UK there is news on inflation daily, which for many is causing worry and uncertainty. That’s why in this week’s episode of WealthTalk, we came up with 7 ways to tackle inflation! As an economist, Kevin has seen the bumps and booms when to inflationary pressures, including when Kevin’s mortgage was up to 15.4% interest rate in the late 80’s.
Here in the UK there is news on inflation daily, which for many is causing worry and uncertainty. That’s why in this week’s episode of WealthTalk, we came up with 7 ways to tackle inflation! As an economist, Kevin has seen the bumps and booms when to inflationary pressures, including when Kevin’s mortgage was up to 15.4% interest rate in the late 80’s.
Tune in to hear Kevin and Chris think outside of the box to come up with 7 ways to help you manage your finances more effectively and tackle inflation in these uncertain times.
Resources Mentioned In This Episode:
>> Free Download [Book] - Save A Fortune by Kevin Whelan
>> Check out ‘The Wealth Coach’ book by Brad Sugars & Kevin Whelan
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR FREE RESOURCES ACCESS
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Unknown Speaker 0:01
The purpose of wealth talk is to educate, inform, and hopefully entertain you on the subject of building your wealth. Wealth builders recommends you should always take independent financial tax or legal advice before making any decisions around your finances.
Unknown Speaker 0:19
Welcome to Episode 149 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders. I'm joined today by our founder, Mr. Kevin Whalen. Hi, Kevin. Hello, Chris. Good to be with you again, in these troubling times, I hear yes, just hear me today. And we thought we'd spend a bit of time just to try and put people's minds at rest. Because, yes, lots of news around at the moment, we all know what's happening in the economy, prices are rising almost every day. And it's it's starting to get boring for people. And we understand that and appreciate that. So we're gonna look at a few different ways today that people can, you know, perhaps think a little bit outside the box and, you know, manage their money more effectively. Things you can do when there's inflationary pressure around. There's an old western economists like me, I've seen the odd bumps and booms when it comes to inflation. Remember, in the 1980s, Chris late 80s, under mortgage, which was 15.4%.
Unknown Speaker 1:18
Now that's that's eye wateringly scary, right. So I understand that when we've had a low inflation, quite stable economy for, you know, decade and more, you suddenly get all of this uncertainty from the, you know, the pandemic and the war.
Unknown Speaker 1:37
A whole range of other things, of course, leading to this inflationary pressure. And you know, that it is worrying, not least, because there are some things that people simply cannot control. But let's talk about the things you can. Okay. All right. So, come up with seven points today. And we like them. Number seven, but if you keep talking, Chris,
Unknown Speaker 2:01
I probably hit a dozen. But you know, we can we can have a go? Yeah. All right. So where should we start? What what's the first point that people can take into consideration? Kevin?
Unknown Speaker 2:10
Well, look, I mean, the the inflationary pressure is coming from certain things. Okay. So let's be clear, that we don't need to be knee jerk. And I certainly won't make a tongue in cheek observations I've seen from others, which is, you know, if you're, if you're really worried about fuel, for example, you know, there's lots of
Unknown Speaker 2:31
property owners who have started to ride bikes around their area to, to see properties and find properties that are much more useful. So you know, there's little things you can do, just to almost enhance your wealth building skills.
Unknown Speaker 2:47
But I'm not suggesting we go to
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digging our gardens and making allotments to buy food.
Unknown Speaker 2:56
Everybody buys an electric vehicle, although I think there's some value in electric vehicle, and hydrogen is catching up. And I'm definitely not suggesting kind of knee jerk things like that. But one of the things I would say is, you need to look at things differently. So in a new era, where the current, I suppose the new order is disorder, you've got to get your brain in a place that deals with flexibility. And the best way to do that is to start thinking about spending some money in current pounds for education, because education gives you wider perspectives, education, wherever you get it from, gives you more options, more perspectives, different ways that people can help you make a distinction. And those distinctions, as you know, Chris, are one of my favourite ROIs the one relationship, opportunity or idea from a complete transformation in your wealth. And what we're looking for now is to be sensitive to those ROIs. So investing in some education now, and it could be online, it could be free education doesn't have to be paid for, but that you can use that education, to take advantage in an inflationary economy, you've got to be productive, you've got to produce something. And this is the essence in inflation, because things which are static, will devalue the money in the bank will devalue your money undeployed in your pension will devalue the money in your property, you know, just left there, inequity will devalue. So the thing to do is to think about ways to be more productive, and that productivity starts here.
Unknown Speaker 4:47
And we've said many times before in previous podcasts, it's about thinking like an entrepreneur becoming a value creator. And I guess there's two sides to this today isn't there it is reducing costs and you know, being sensible in
Unknown Speaker 5:00
Certain areas, but then also increasing your value
Unknown Speaker 5:03
unquestioned requests, and you know, I think is an economist, it might be worth a little lesson. There are certain economic concepts that although they sound complex are really quite simple. And one of those where there's inflation around is something called elasticity of demand. So it sounds a bit bendy. It sounds a bit Wolpe. But it's actually quite simple. Chris, it kind of says this.
Unknown Speaker 5:33
If prices of something go up,
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does it abnormally affect the demand in a? Or does it How does it affected in a positive or negative way?
Unknown Speaker 5:47
Now, if you look at fuel, fuel prices rocket,
Unknown Speaker 5:51
but you can't do anything about that, because the demand is inelastic. In other words, it doesn't matter what the price is people still buy it. So one of the things you could be doing is thinking well, okay, if I'm going to be investing my money, and I believe there's a long term trend, in inflation, look, to invest in equities, in those things that will be relatively in elastic. So certainly energy, you know, you can imagine, you could just play your own mind about where there's strong elasticity, or, or you know, where the price goes up, and nobody would buy it. Compared to things when the price goes up, you still have to buy it. So we still have to buy fuel, we still have to buy in all different types. So you might be thinking about, well, let's look at alternatives. I'm not making a recommendation, what people should do here. I'm just saying it's, it's to get the grey matter tested, and start looking at if you're investing money, you're already investing unless your money is outperforming inflation. Now, equities generally will outperform inflation, because there is production and companies who are manufacturing things or making things or selling things, or a service. If they've got relatively inelastic
Unknown Speaker 7:16
demand, that means the prices will go up, so they make more profit.
Unknown Speaker 7:22
And if they make more profit, then they'll pay more dividends. And if they pay more dividends, likelihood is those dividends or that return will outperform inflation over the long term. That's what we generally see. But you know, you have to be there, think about that. And especially now there's increasing pressure on finding alternatives, you know, just certainly to things like fuel. So I'd say investing in equities is an interesting one. And looking for those companies where there's in an inelasticity, so things that people buy, and buy, and buy, and buy, you know, and there are many companies and many products are many funds, which focus on that there won't be called inelastic demand funds, but you can use your grey matter. Now you understand what that means? And start to think about doing that. And for example, one of the big themes
Unknown Speaker 8:17
when you're investing is, is understanding that wealth is produced by the creation of streams of recurring income.
Unknown Speaker 8:28
Well, why not look for companies that have recurring income, in other words, a high demand for their product that repeats and repeats and repeats. So you could think about nappies shaving firm things that people do every day, and there are funds, as I say, in organisations that specialise in that. So have a think about how you want to do that yourself.
Unknown Speaker 8:50
Okay, that was point number two, then looking for companies with strong elasticity of demand, or inelastic demand. Okay, so elastic would be the price goes up, the demand goes down, so your stretch, inelastic is all the way around. Okay. But anyway, doesn't matter when you get the terms, right. You understand what I'm saying? Okay. All right. And then point number three. So this is an area we've talked about before. I know you feel very passionately about this one, Kevin, and comes up in our debits process, and we recently did an update to the s of debits. And that now stands for stock market fees. So point three is all about really observing what you're paying and reducing those. Yeah, I mean, look, we
Unknown Speaker 9:36
there are lots of things that get in the news, where inflationary pressure pressure is being shown and it's being reported and it's being discussed everywhere.
Unknown Speaker 9:47
But there are one or two that just get left off the radar. And if you think about what I just said about the increasing value of equities and equities generally outperform inflation
Unknown Speaker 10:00
Then what does that mean in terms of the fees you're paying? Well, if you don't pay attention to the fees, you're paying your fees just gonna go up. So disproportionately then more of your money that you could be earning from this increased growth as companies making profit, because the prices are going up, then it means that more of that money is being retained. By the institutions that provide access, when you don't necessarily need all of that access, you don't need them to provide the access, because there are so many layers of fees, which we call the t er or total expense ratio, again, boring terms and titles, but so critical, when you're learning to build your wealth, you've got to reduce your t er, you've got to get the cost of investing down, because you can control that in so you can get most people are paying 2% for their money to be managed 2%, that's huge. If you've got a big pot that's massive, whereas you can hugely reduce that. And in some cases, you could even get as low as naught point to so 10 times cheaper, Chris, in when anybody's former price is going up, and you can make something 10 times cheaper, and you ignore it, then you know, that's that means your eyes off the ball, it means you're not playing the game of wealth building, you're being relatively lazy, or allowing the wind that's blowing upon you to sort of upset you. And you just accept things as they are, that's not the case, you can change the direction of this, you can buffet yourself against these things by understanding what you can control. And we have a plan to help 100,000 people, Chris, reduce the cost of their stock market investing. And for the most part, you know, if we do any work, we can pretty much guarantee to half the cost. You know, I think it will be rare. In fact, if we can't hold the cost, you know, I will charge for the work
Unknown Speaker 12:07
for anybody replies to this podcast, because I feel so strongly about it.
Unknown Speaker 12:12
If they drop us a note, you can tell people how they would get in touch with us, Chris?
Unknown Speaker 12:17
And say, Look, I'd like to reduce my fees. If we can't reduce them by 50%. We'll do the work for free. Right. Okay. So passionate about you can often get it 10 times cheaper. So I'm pretty confident we can reduce that by 50%. And if you can reduce something by 50% That's good news. In an environment where there's so much bad news, why wouldn't you do that? Yeah, that's really why people generally get lazy. Yeah, yeah. Well, definitely drop us a note Hello at wealth builders.co.uk. Title, reducing your fees. And we'll get onto that one for you. Yeah, and we're talking, you know, broker fees, platform fees, professional fees, all of those. There's just layers of them. And you know, we can bore people with the layers, but but the easiest thing to do we can do it is just find out because we've got an advisory team who can do that work, can find out what your TR is. And so these are the fees you are paying. Would you like to pay 50% or more or less?
Unknown Speaker 13:19
Okay, all right, so point number three there reducing your stock market face. So point number four. So this one's about maximising tax relief, I believe.
Unknown Speaker 13:28
Well, if you think about, again, the bad news, if you can get some free money,
Unknown Speaker 13:36
right, if you get somebody gives you some money, that's good news.
Unknown Speaker 13:41
So tax relief, means
Unknown Speaker 13:45
you're you're putting some money in. And usually when you put money in anything, you've had to pay the tax before you get it. Stated differently. You know, if you've an employee and you save some money, then the money that you save you pay tax on it before you save it. So while it's sensible, always to minimise the tax you pay on anything. So definitely make use of tax shelters. So use your ISIS, use your national savings, use us use everything that's tax free.
Unknown Speaker 14:21
Tax Free, though, just means the future growth is free of tax.
Unknown Speaker 14:27
But you can get tax relief, which means you get tax back. So you're getting the government to actually give you money. And that means you're getting a rebate, which means if that's 20% or 25% or 40%. Whatever rate of tax you're paying in your company, it's around 19%. If it's personal, it's going to be the basic rate or the higher rate. If you can get the government give you that tax back. Why wouldn't you consider that? And you could do that usually the best way to do that
Unknown Speaker 15:00
Excuse me, Chris,
Unknown Speaker 15:03
is use your pension. So it's where so many people get excited about using the SAS pension or SIPP pension, if you're employed. Either way, use the tax relief, where you get the tax back. And then if you imagine you're a company,
Unknown Speaker 15:21
and you get 20%, give or take tax back, and then you invest that in something you think will make you money, and you've chosen that, well, then you're gonna get at least, that enhanced money invested as well. So that money is going to work for you. So it's like the government sharing the risk with you, the government sharing in the value for you, but they're not taking any money out of the returns, because they're also tax free. So I would definitely say, revisit what you have in your pensions and start to think about the three things that get some tax back, choose the right investment, pay the lowest amount of fees, do those three things. Wow. You're really going to kick it when it comes to making better use of things. Yeah. Working in an environment because I can hear
Unknown Speaker 16:13
you arriving you're gonna post Easter blush.
Unknown Speaker 16:17
That's it. June, rejuvenated and ready to go after the chocolate no doubt that the team, the team are here, that's for sure. And that's a key point, isn't it? Is the redeployment here, wherever those savings are made? It's redeploying smart in smart way. Yeah, exactly. Right. Exactly. Right. Yeah. Okay, so four points in now, let's pause for a second and head to Trustpilot. And we haven't read out a review for a few weeks. So I've got one here from Richard, who says absolutely no doubt about it. I'm so glad that I'm now part of the wealth builders community. Every contact I've had with any member of the team has been a kind, professional and keen to help me sort of interaction. The podcast topics delivered by Christian and Kevin are very informative, and really do help me learn so many new things about building wealth, and they educate me on how to protect my wife to the seeds are sown, and I will be nurturing them to maturity. I am inspired and ready to learn so much more. So Christian and Kevin, keep on doing what you're doing, and keep teaching our soul. That's almost novella.
Unknown Speaker 17:22
Very, very elegantly strung together there. I think, Richard, we need to talk to Richard because I'm so pleased, we're helping him in a way that he's willing to share. So yeah, no, really good. Appreciate that. Okay, so moving on. Now, number five, what we heard and Kevin?
Unknown Speaker 17:38
Well, look, when when people see prices going up, there's a temptation isn't there to panic. And one of the things you can do is you can consider two strategies here called hedging, and banking. Now, what I mean by that is hedging means you know, if you're worried, then you could start to increase that diversification. So hedging your money means if you're worried about, let's say, you take a different view, and you're worried about your equities, or you're worried about returns, we're talking here about investment returns, then what you can do is take stock again, so do a stock take, you know, press reset, look at what you think the world's gonna do. And if you want to diversify, you can hedge and hedging takes a number of different formats. One, and it always demands more knowledge, Chris, because you can't hedge if you don't know what a hedge is, if you think there's just suddenly for clipping, you know, it's not really going to work for you. So hedging is about diversifying in a way that says, hey, I've got too much money in this area, I'm going to take some of that money out to reduce my risk. And diversify, this is the key. So you want to reduce your risk and diversify. Now hedging basically means you don't want things working in the same way. So just as we talk about wealth building is about multiple pillars. When we work with business owners, we talk about creating multiple streams of recurring revenue, in their business and outside of their business, of course, but it's all about diversification. So most people don't seem to have their wealth over concentrated Well, obviously in stock market. So the way to diversify for that is to is just to look at alternatives where you think there might be something different for you that you think could work now, again, Chris, I'm not recommending anything. But you know, I can see there's been an increase in demand for gold.
Unknown Speaker 19:46
There's been definitely an increase in the appetite for learning around cryptocurrency and blockchain. You know, we're seeing changes in the world that demand more of your education. So it means you could hedge
Unknown Speaker 20:00
In one or two directions that currently perhaps, you're not looking at. So that's one of the ways to do that. The other way to hedge is to think about the fact that you may well, in inflationary times be making gains, you mentioned that sometimes equities have a tendency in the long term to outperform inflation. So if you're making gains, then you can bank those gains. Now, again, that means different strategies, learning some things maybe you don't yet know,
Unknown Speaker 20:32
Chris, we did a podcast a while ago, where not go but I talked about the principle of GE o LD, which is just an acronym, isn't it, you know, Cape likes an acronym, which is identifying your gains, take some of the gains off the table, which is the O G, for identify gains off the table, l lock them in. So in other words, you make some money, instead of going well, I'm just going to one day inflation is going to change one day the market is going to change, I'm going to lock the gains that I've made in and DS diversify, so I'll diversify that money into somewhere else, that doesn't work the same way. And when something doesn't work the same way, Chris, there's another technical term for it. And it's correlation. So correlation means things work in the same way.
Unknown Speaker 21:21
Counter correlation means they work oppositely or they work differently. So you'd want to invest in things that work differently to what you're investing in. That way, you're diversifying, and spreading and reducing your risk. Now, that's one way to hedge. The other way to hedge is learn some new strategies. And we've got some expertise within our wealth builders and our wealth builder coaching, which helps people understand how to create income in terms like this from trading options. I'm not going to get into technicalities, Chris here. But you know, again, it's a new skill, where essentially,
Unknown Speaker 22:00
the easiest way to explain it is just to think about, if you've got a building cristiana, piece of real estate piece of property, you're going to get a value from that as it rises over time, one hopes. And if that's the only method that you make that game, you'd feel oh, hang on a minute, I'm under utilising the value. I'm just holding it empty.
Unknown Speaker 22:28
So naturally, what people do is they create a rental income. So the rental income plus the capital gain is a double value.
Unknown Speaker 22:36
Which is the reason why in inflationary terms you want production, you want things to happen. The problem with owning gold, and if you listened to what Warren Buffett has to say, as if you own a, you know, a kilo of gold in 10 years time you still own a kilo of gold, it hasn't reproduced to create more, it's just you're banking on what you think the value would be? Well, that's not wealth building that's edgy, right? I'm not saying you can grow your wealth through holding commodities, because you can't, because you're not manufacturing any more yourself, you're not creating anything. So it's about being a creator, not necessarily just a holder, just going back to the options then if you own the property,
Unknown Speaker 23:18
you get a rental from it. Well, if you own stocks, you can get rental from your stocks, in simple terms, you can let your holding to somebody else for a premium so that they and you can make decisions about where you think the market will go and create an income stream from that from options and you know, we have a process of teaching that isn't me who teaches that, but one of our coaches inside wealth builders, and we're very pleased about that as a growing area of interest and Chris, okay, great. So thanks for explaining that. That was point number five, point number six then so this again, takes us back to that entrepreneur mindset and especially if you're employed, then looking at ways inside the business there inside the company that you work for that you can perhaps add some value and come up some ideas that could generate an income stream for you.
Unknown Speaker 24:14
Yeah, being a value creator means being a team player. We don't like wealth building on our own. We don't do DIY wealth. Go back to podcast number one or number two, Chris with the DIY errs and the Drifters. You know, we're wealth builders, we believe in the power of community in the power of teamwork. Now,
Unknown Speaker 24:34
if you're an employee, it's difficult to build wealth there. It really is tough. It's not impossible. But it's really, really tough, because you don't own the asset. And therefore, you know, the job can go as quickly as you got it.
Unknown Speaker 24:49
And you can't pass on the job to the next generation. So there's no long term value in that. However,
Unknown Speaker 24:57
you can create a form of employment for
Unknown Speaker 25:00
If you're now being creative, if you're now looking in inflationary times where everybody's worried, including business owners, then you could look at that and say, Well, can I find a way that would help my business make more profit? Can I find a way that will help my business save more cost?
Unknown Speaker 25:18
Can I do that sees life through the lens of the business owner of the business in which on the business owners in which I operate? And by using your brain and what you're learning, then you could potentially find a solution that says, hey, I think I found a way to make you money save you money? Can I have a small share of that? You know, can I have a,
Unknown Speaker 25:49
you know, it's inflation. So you're trying to make more money? So how could you create value, where you're demonstrating that value, not just fulfilling a task. And and that's this intrapreneur being an entrepreneur in a business called an intrapreneur. And that's a fascinating way for people.
Unknown Speaker 26:11
almost reminds me of pillar seven joint ventures, really, you're kind of joint venturing with your employer on you.
Unknown Speaker 26:17
Your joint venture with your employer, and your employer is going to be open to anything if it's going to make them more money or save the money.
Unknown Speaker 26:23
So I would say I'd encourage that thought process. Yeah. Okay, good ones. So that takes us on to our Kevin, point number seven. I know we've not talked about mortgages, specifically yet, but Well, it's more about debt, or the mortgages are kind of more relevant because they're more understood about the power to use debt positively.
Unknown Speaker 26:48
Now, right now,
Unknown Speaker 26:51
inflation is rising, of course, massively, but interest rates are still low, they will catch up.
Unknown Speaker 26:58
So is there an option, if you think about if interest rates are low, and you can lock in at a low rate, that will be your call, I'm just again, posing an idea if you lock in low interest rates, but then you can use that money to be more productive in terms of more property, for example, more real estate.
Unknown Speaker 27:21
You know, I'm not suggesting people would invest in equities from debt. That's definitely not what I'm suggesting. But certainly dead equity, for more property can be a good way, because you're generating that increasing of the price of the property and an increase in the value of the rental, because rental would tend to go up inflationary as well, then as part of the builds of people's lives, for those who rent, then you can make money, but you've kept the cost down. But you've got to be very mindful of using debt leverage. It's great if you're producing an asset. So back to that idea about the production you're creating, you're turning that money into more value.
Unknown Speaker 28:04
But it's a double edged sword debt is always a double edged sword. And it can cut you and it can cut you deep, if you don't understand what you're doing. And we saw that in the crash of 2007, eight, Chris, where many, many people are over leveraged, we got a property value crash. And again, like most of the things we're seeing these days, they come out of nowhere. They're not widely predicted by any economist,
Unknown Speaker 28:36
and certainly not me. And if you get in a situation where you over geared, which just means you've got more debt, than you've got value, then many people went bust. And essentially, all that property was the debts were called in by the banks. And the bank just wanted to protect their position. So they weren't trying to seek out the maximum value for the property owner, they were just making sure they got their debt paid. So it's a double edged sword, Chris, but if used well, then in the good use of low cost debt in an inflationary economy, can be a good way to get more power to the value of money that you have access to doesn't it's not your money, you're borrowing money, but nonetheless, you're using that to good effect. So it's worth considering that and it's definitely worth considering where you feel interest rates will go and reviewing with your mortgage broker. We don't have one, let us know we'll connect you to one who understands the power of regularly discussing where you are on your debt equity, and we encourage everybody that we talk to to stress test anyway. So you've got property, you owe X, you know, what's that debt equity level. So, if your property portfolio is worth a million and you owe 750, you 75%
Unknown Speaker 30:00
debt equity. You know, what's your objective? You know, do you want to get that down to 60 to 55 to 50 to 14, or to reduce your risk over time, and you can do that over time. But it can be a very powerful injection to get you're going to borrow debt when the cost is low in an inflationary environment.
Unknown Speaker 30:19
Okay, and probably worth mentioning as well, your book, save for Fortune fast, Kevin, there'll be some very helpful advice in there. And we can link to that in today's show notes for free. Yeah.
Unknown Speaker 30:29
Yeah. So that I mean, that book was written in 2004. Chris. So but the principles apply today, just the examples of interest rates will be slightly different just because when you write you need to write in the current context. And yeah, I think the lessons are definitely worth picking out from there. I think there are 12 secrets to how to massively impact
Unknown Speaker 30:57
well, as it says, Save 14 How to completely eliminate your mortgage loans and credit cards fast. Now, that happened to be my strategy. Because I wanted to be certainly mortgage free, as far as my own homes concerned. But I have used it as a bridge and but I use it sparingly.
Unknown Speaker 31:16
Okay, fantastic. Okay, so just a quick summary then of our seven points today. So number one, about getting education now all parents to get value in the future.
Unknown Speaker 31:27
In the future. So
Unknown Speaker 31:30
yes, yes, depending where you're listening from, to was all about that in elasticity. So looking for companies with strong in elasticity of demand. Yeah, point three was reducing stock market fees. Point four, we were talking about maximising your tax relief there was getting money back, we can.
Unknown Speaker 31:49
Point five was considering hedging, then point six was talking to employer seeing if there are some opportunities to create some additional income streams and to benefit from that. And then our last point was really that leverage at lower interest rates, if you can help to create, you know, productive assets from that. Yeah, and don't forget, you made a good point, Chris, about the the point six, one with the employer, you could equally look at other businesses.
Unknown Speaker 32:18
Because, you know, in the latest book that I've written called wealth coach,
Unknown Speaker 32:24
you know, which is about creating recurring income in a business, you can become what we call a gateway, which means you don't actually own the business, but you can see a niche business area, and you can become the kind of conduit to, you know, people coming together, and then you could create something that was inflationary. themed, in the same way, as you know, we use Martin Lewis as the example they don't we were, he doesn't have a business. I mean, he doesn't he's not a bank is not an insurance company. He doesn't do any of these things, he basically brings the idea of the money saving expert, I help you save money, well, you could become the inflation expert you can be, you could create ideas that then pull together into some form of curated website or an article or a blog or something that says, you know, the 10 different ways, business owners can make more profit in inflation, you know, you can just see light through a different lens. And the more that you exercise that muscle, about seeing things differently, the more creative and the more more more wealthy ultimately you become. Yeah, and if anyone listening has got some additional ideas, you know, please, you know, give us some feedback, send them through to us, and we can share those on future episodes with everyone as well. Yeah. Great. Well, thank you for listening today. And Kevin, we will catch up Same time, same place next week. Until then, my friends here.
Unknown Speaker 33:54
We hope you enjoy today's episode. Don't forget that we are constantly updating our resources inside the wealth builders membership site to help you create, build and protect your wealth. Head over to wealth builders.co.uk/membership right now for free access. That's wealth builders.co.uk/membership
Transcribed by https://otter.ai