In today's episode we are joined by two guests, Louise Righton and Gary Soltys. They both share with us how they used their time productively on how to build wealth. Make sure to tune in if you want to stop making time an excuse and use it efficiently to grow your wealth.
Time is only an excuse if you make it one. Today’s episode showcases two members of the WealthBuilders Community who seized the opportunity that lockdown presented and used their time productively to build wealth. Louise Righton decided to use her time to write a book and turn her knowledge into an income-generating asset, whilst Gary Soltys and his wife Jane looked at the spare capacity they had within their existing business and maximised that potential to mean that they have come out of lockdown with a business that is even more attractive to its clients than it was before.
Featured Guests: Louise Righton | Gary Soltys
Resources Mentioned In This Episode:
>> SSAS Superstars [Book] by Louise Righton & Mark Stokes >> View On Amazon
>> Find out more about Gary Soltys’ holiday homes S.Wales, Facebook or Instagram @llainfranholidays, or visit www.llainfran.co.uk
>>Watch these free videos to learn more about SSAS Pensions
>> Register for Free Access to the WealthBuilders Membership Site
https://www.wealthbuilders.co.uk/membership
>> Would you like to work with Kevin and Christian on your very own wealth plan?
Find out more about WealthBuilders Academy
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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.
Christian Rodwell 0:19
Welcome to Episode 73 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders and I'm joined today by our founder Mr. Kevin Whelan. Hi, Kevin. Hello, Chris. Good to be with you. Again. Here we are back again rolling on from last week's episode which was focused on leverage. And this week, we've got two members from our community who will be sharing how they made the most of that time, and it's very interesting both have different approaches, different pillars, but both very much seeing the opportunity that presented itself to them
Unknown Speaker 0:49
to write and you know, talk about leveraging the lockdown seeing the light sort of seeing the darkness at the end of the tunnel Lee they saw the light but Bruce from a different tunnel didn't know they saw different solutions. And it always reminds me that quote, which we use several times, Chris, in these podcasts, probably the third time I get an airing, which is it's the same wind blows on us all, but it's the set of the sail that makes the difference. And boy have these guys set their sail. So both in very different ways. And of course, we could have picked many bar community, many more students, Chris, but we picked a couple because I think they've done something very different in remarkable different ways they have and both so much to share. So let's head on to the interviews now. So first up, we'll hear from founder member Louise riton. And then Gary psaltis.
Christian Rodwell 1:41
Louise, welcome back to wealth talk.
Unknown Speaker 1:42
Thanks, Chris. Thank you for inviting me always good to be here.
Christian Rodwell 1:46
Yeah, I was just checking back actually. And it was wealth top 25. And that was back in July 2019. When you were last on and it was just a couple of months after you had joined as one of our founding members and you were sharing all The things that you've got up to, and you would really kind of come out firing from the beginning, Louise. And one of the things that you were doing only just over a year ago, was setting up your SAS. And so, yeah, I want to find out all about the Whirlwind journey. And of course, we're looking at lockdown and how people have leveraged their time. But take us back to that moment. And when you were in the process of setting up your SaaS Louise and tell us what's happened since then.
Unknown Speaker 2:28
Yeah. Gosh, it seems like yesterday, Chris can't believe it's well over a year ago, but yeah, joined the programme. And I think it's probably may 2019. It's in the process of setting up my SAS then, I think in the final decision making. So yeah, I made my application to HMRC. I got a pretty fast approval of that it was very smooth. And then I think from memory, I'm working from memory. I had an approval from HMRC in sep tember time. And then from there of course it becomes more challenging because then it's about pension pension fund transfers. So I was making a transfer of a final salary or defined benefit pension from a company that I'd worked for for the first half of my career actually. So it was quite a significant transfer to be making. So from the September I then went into taking IFA advice, independent financial adviser advice, which you have to do if you're transferring this type of pension, and that went on up until sort of Christmas time. Then all of that went into the pension fund provider to make the request to basically release that, that that pension into my new SAS. And so it was February actually literally just prior to lock down starting that I actually got my SAS for And I'd been working really hard actually, from about the, probably from the time we last spoke, thinking about how I was going to invest it, you know, coming up with my business plan for my SAS. And, and, you know, making sure I was ready when that transfer happened that I would be in a position to invest because I didn't want to be sitting on that part and then going, what am I going to do with it? You know, because it would then obviously start eroding from that point. So yeah, worked really hard from sort of that that summer through to the February just prior to locked down. And then when I when I got the money I was I was ready to press the button. So I started to make a series of investments from my SAS and I got about half of it invested pretty quickly over a couple of months, actually, because I've done my prep work.
Christian Rodwell 4:51
Yes, so that's a good point. Because of course, at the heart of the wealth building process is the wheel of wealth and, you know, obviously the five stages or was education and then support and connection due diligence and I know that obviously you follow that process and in terms of the education of you know, when did that whole process of even discovering about SAS begin
Unknown Speaker 5:11
that was probably about a year before actually because you know, it took me a while to learn about SAS and to get comfortable with the idea I saw the opportunity immediately Chris, I saw that this was you know, what I was looking for to accelerate my wealth building journey and I saw the positives and the benefits and I had to really I wanted to really rein myself in and just do that you know, that education that sort of you know, the support turned the wheel really do the due diligence and so I did take my time to you know, really understand what was involved and whether it was going to be be right for me and then critically you know, how much time would be it would be needed to be assessed trustee you know, that and that's not to be underestimated. And then I you know, I needed To get comfortable with how I was going to invest in how I was going to leverage it, you know, all before I made the decision. So, you know, there was a lot of education involved. And I joined the satellite ions very, very inception Actually, I was so I was in the right place at the right time, and I made fantastic connections. So Kevin actually introduced me to the concept of SAS alliances, that was just starting up. I was fortunate enough to be, as I say, hitting that at the right time. So I was at the launch conference in London in April 2019. And got more connection more education market launched his book. Around that time, I think he launched it The following month, so I got suspensions book and read that. And then, you know, just really started to go to as many satellites meetings and networking meetings as I could. And I continued that right up until, you know, we were stopped by lockdown. And so I was a founder Member of SAS Alliance and then a founding member of a couple of the local networking groups as well. All of which was was part of turning the wheel right, did the education I got the support, you know, it helped me to do the due diligence as well. And so that when that moneylender does say I was ready to press the buttons and confident that I was doing the right thing, and I knew I knew what I wanted to do with it.
Christian Rodwell 7:23
Yeah. And we were using a bit of wealth building language here with wheels and pillars. So anyone listening who is not sure, we'll definitely point you back to some of the earlier episodes where we explain the wealth building principles, but you mentioned mark there. So that's Mark Stokes, founder of SAS Alliance.
Unknown Speaker 7:38
That's right. Yeah. Mark Stokes, founder of SAS Alliance. So yeah, Mark wrote a book called SAS pensions in middle of 2019. It was published. So anyone interested in SAS, who's not picked up that book needs to pick up that book immediately from Amazon. And while you're there, you can pop on an order a brand new book that I've co authored with Mark called Seth superstars how 10 entrepreneurs are locked their pensions without waiting to retire. So I approached mark in the summer of last year, you know, as I was going on my education and, and, and support and connection journey around SAS. And I said, Mark, I love your book. And I think it needs a sister publication, which is sort of practical case studies. Because I found as I was networking in the SAS community, that people were saying, I've read the book, you know, I'm doing some of the education. But, you know, what are you doing with your SAS, you know, what I want to see what people are doing, you know, we need some sort of real life case studies to sort of get inspiration from and to get ideas from. So I was conscious that there was always you know, what are you doing with yours? What are you doing with your so I thought, well, I'm asking the same question. And I was identifying and zero in on people that I thought were really, you know, credible and you know, great trustees that I wanted to learn from and I think Thought while I'm educating myself and making these connections, I can you know, I could write this you know, I mean I'm effectively interviewing people or having networking meetings. Why don't I make a book from this? So that's that's what I did I approached mark and another one of the pillars of course the wealth building pillars is at jayvees joint ventures and so Mark and I did two joint venture in in CO producing the book and I've just finished right to get over the last month or so and we literally just publishing this week on Amazon. So yeah, that's that that's the story there. Yeah,
Christian Rodwell 9:36
yeah. So in one fell swoop, there was a JV and some IP in one go up which is great. And, and and you know, you also tapped into pillar one which is home equity, and, and also a lodger that you have, right?
Unknown Speaker 9:53
That's right. My first move was home equity, so released some money from the family home to buy about bt a buy to let. And then also we used home capacity by by bringing a lodger into our family home, which has been fantastic for us. So that that pillar ticked and then moved on to pensions, got my setter got a pension transfer setup got confident, you know, to make the investments that I wanted to make. So that was a tick. And then went to the IP pillar, and I suppose IP stroke JV pillar, which is, which is where mark and Mark and I co produced the book. As I say, I've probably spent almost a year writing it but, you know, I'm really pleased with how it's turned out. And I and I think there's plenty there for people to learn from whether they are thinking about becoming a SAS trustee, or whether they're already you know, I've got huge demand from you know, from the existing satellites, community people, you know, the existing trustees saying, I really still want to learn, you know, from people we're all on a learning journey together. Really which, which is a nice aspect of of the SAS community actually, I think even if people have been trustees for, you know, a number of years, because there's been so little education and so little content and material out there about SAS, that people are still hungry, you know, for that, that education and those case studies and examples. So I think I think the book has very broad appeal. So I hope everyone enjoys reading it and learn something to
Christian Rodwell 11:30
they sure well, and how exactly did you leverage your time during that lockdown period, Louise because, you know, that really helped accelerate, you know, the writing process for you. I know. And you had deadlines to hit.
Unknown Speaker 11:42
Yeah, I did. I have to say I saw I just saw locked down immediately as a gift. And as a family, we actually went into a voluntary lockdown about two weeks earlier than the rest of the country. We just decided we felt it was the right time to sort of isolate ourselves and so we took the tour. Now school a couple of weeks earlier than then you know everyone else leaving so I kind of had a bit more of a run into it It wasn't too much of a shock. But yeah, I set myself I just said to myself immediately I knew that we were doing this as a family you know, this is a time for hyperfocus and so that word hyper focus was kind of you know, my I suppose my sort of buzzword really or my motto for the time and and that's what I did and I just decided I was setting some goals and I was going to deliver them so I actually set myself three key goals I set a goal some goals around health, some goals around the wealth, and then the goals around the IP pillar and finishing my book. And so I developed some new habits around health by getting into a health accountability group. You know, really set set some new habits around walking 12,000 steps a day. The added benefit for that Was I became a podcast junkie. I had about two hours a day to listen to self development podcast. So I really leveraged that time as well. So, yeah, I hit I hit my health goals. I've developed some new habits there around fitness and I went teetotal, start tracking food, I lost about eight pounds, which I was really happy with. And I thought I'm going to swim against the tide everyone else has just go into eating and sort of drinking gin and I'm not going to do that. I'm going to go the other way, because that's kind of me anyway. So So I did that around my wealth. My goals around the wealth were around absolutely getting my sass invested, and I leveraged my buddy group my seven steps to wealth booty group to do that. We were all at a similar stage in our SAS journey with similar goals, but how we have very complementary wealth dynamics. So we actually organised ourselves to say you know, Louise, who do this Richard, you do this at Nan, Marty, these your role We actually work together to assess investments and then we made the same investments having decided as a group that they were good investments. So we really leverage that that collaboration. And I think the lockdown just gave us focus. So we talked to each other every week actually, and just you know, checked in and got that got that job done. And then I think, yeah, the you know, the accountability sort of really helped me as well. And then yeah, finally that my third goal was absolutely around finishing my book. So yeah, the lockdown again, it just gave me that hyper focus. And I was able to just carve out time every day to do that writing and you know, just to really push myself over the finishing line. It was hard work, Chris and I know you've written a book and you know how hard it is to to get it done and to get it over the finish line. And But yeah, I pretty much finished that towards the end of lockdown. And as we came out, it was just a matter of you know, checking it proofreading it quality controlling it sort of been doing the last couple of weeks.
Christian Rodwell 15:07
Yeah. And there's so much going on. I don't know if you have a second ever to actually just look back and see how far you've come in, in really a short space of time, Louise, I mean, how does it makes you feel now to know that you've got these pillars in place?
Unknown Speaker 15:22
Yeah, I feel good. I'm 100% more confident than I was sort of, at the start of the programme and, you know, 100% more confident than I was probably six months ago, really, and, you know, I put it down to turning the wheel. So when you when I first joined the programme, it's kind of like turning the wheel. Okay, I see the theory of that. It's sort of it's neat. It's a bit of, you know, it's, it's a bit of jargon or you know, a bit of marketing or whatever, but actually, as I've done it, I've realised, you know, the power of that and a big learning for me. And Kevin always says this, turn one wheel at a time, choose one and turn it the full turn. And I was guilty probably the first six months that I was trying to write the book. I was trying to turn the IP pillar, I was turning the home capacity pillar, I was turning the property pillar. I was turning it sorry wheel. And I was you know, I was turning the pensions wheel and I was doing a lot at the same time. And it's not the way forward. So what you know, when I was able to take off, you know, I've done the property, I've done the home capacity, I've done the pensions, then I was able to really focus on the IP and turn that wheel properly, you know, and, and finish my book. And I think, you know, through through everything that's been a really key learning for me is is choose one attorney fully, which is what Kevin teach says, and now I've now I've done it, I see I see the power of that. So now believe it
Christian Rodwell 16:48
There you go. You've heard it from even Superwoman needs to turn one wheel at a time, right? Absolutely. Well, Louise, just remind everyone of the date that the book is out and the name Again, for those that might want to pick up a copy.
Unknown Speaker 17:02
Absolutely. So we are live in Amazon now for pre orders, actually, but the book will be published officially on the 11th of September. It's called SAS superstars how 10 entrepreneurs lost their pensions without waiting to retire. But all you need to remember is SAS superstars. The authors are myself, Louise writing and Mark Stokes, and we're at Amazon now. So yeah, hope everyone will pick up a copy, read it. And I'd love to hear feedback. And I hope people enjoy it and learn something.
Christian Rodwell 17:32
We'll definitely share that to the wealth builders community for you as well. Always great to have you on today. And as always great to hear all of the wonderful things that you're up to.
Unknown Speaker 17:42
Thanks, Chris. Thanks for the opportunity. Talk to you soon. Bye.
Christian Rodwell 17:47
Gary, a very warm welcome to off Talk.
Unknown Speaker 17:49
Thank you, Chris. It's great to great to be on. Thank you for the invite.
Christian Rodwell 17:53
Yeah, so please just introduce yourself to our listeners, Gary and tell us a little bit about you know your business
Unknown Speaker 17:59
well I'm Gary psaltis. And I'm married to the wonderful wife, Jane. And we decided that we would a few years ago to change our life style, and we would sell our businesses, and we bought a holiday complex in West Wales. Fantastic. And what was your first interaction with wealth builders scary? How did that come about? That was about three years ago when we linked up with Kevin. And we were looking at our SAS and looking at setting up a SAS. So that was a sort of opening a door for us in terms of opportunities, and looking at wealth in a in a very sort of structured way, and looking at opportunities to grow our business as well alongside it.
Christian Rodwell 18:47
Right. So we're looking today specifically at how some of our members have managed their time during the lockdown period, Gary, so tell us how did that affect you and your business and what did you do to Trying to put an entrepreneurial spin on things?
Unknown Speaker 19:04
Yes, well, I think it made everybody focus their minds in a slightly different way. In our case, we just bought this farm house in West Wales. And alongside the farmhouse, we have a cluster of holiday cottages, three holiday cottages. And we also have a CL caravan site, which is just for five pitches. And all of a sudden, we had a situation on the 23rd of March where we couldn't invite any, any guests. So from the 23rd of march to the 11th of July, we had no visitors at all. No Easter, no bank holiday trade. And it presented a big challenge. However, we looked at that as an opportunity as well. And we developed what we we sort of called a lockdown strategy, where we said well, how can we use our downtime production Typically, to optimise and grow the business and increase future income streams from the assets we already own. And there were three strands that we looked at. Firstly, we looked at how can we create additional occupancy from the land and the buildings that we we currently have, and that included derelict buildings on the farm? And also how can we enhance the future experience of guests through updates and improvements of buildings and facilities? And finally, how we can actually reach out to other market sectors and audiences. So as and when locked up, locked down, is released. What can we look at as future opportunities to grow into which we haven't previously been able to, to enter? So very much looking to maximise income generation from our existing assets? It's and I can go through a few bit of the details of that. Chris, if you like and a bit more put a little bit more detail on what we've actually done. Yeah, I would love to hear that. Okay, so in terms of additional occupancy, we bought the farmhouse, as I say three years ago. And part of the farm complex included the old original 17th century farmhouse. So 18th century I should say, farm house built in 1752. And never been used for accommodation. So we took it upon ourselves to bring our building team in and use lockdown in a very sort of controlled way with social distancing, which is an interesting one for builders, but they managed it took longer, but it was well worth it. And we've restored the cottage as a bit a bolt For two people. So it's a place where people can come and have a long weekend and escape city life. And just enjoy a place to to relax. And we've done that using local materials, we stored materials, lime mortar. So it's been a great learning experience for us as well. So that's an opportunity that we saw while people weren't on the site to be able to create another sort of opportunity for income. And that's going to be going live on our website fairly soon. So that's a great sort of, we wouldn't have done it if we add people on site because with building work, obviously, you can't do that kind of thing. When you've got a lot of people milling around. We also looked at enhancing future experience for our guests. And infrastructure was one thing that we looked at And the first thing was expanding our broadband service to all of our cottages and also to our certified location caravan site. And so that we can now confidently say that we have fast fibre broadband connection to all of our holiday lights, and Macs maximising the opportunity for home working. And there's been a big increase in demand for that. It's often the first question that people have been asking when they've been booking a holiday for the latter part of this year, changed the way that they're thinking about about holiday lights and where they can go and do perhaps a bit of peaceful work.
Unknown Speaker 23:43
And another thing that we've done, not very exciting, but we've actually brought a new three phase power supply into the farm, which may not rock many people's boats, but it's actually an essential aspect of fuel. proofing the business at drying Bran and it allows future expansion to accommodate further buildings within the cluster and provides greater security of supply in the presence of future guests as well. So these things all are all disruptive, physically disruptive things, digging trenches, that kind of thing, which you don't have the opportunity to do in a normal year. So in a very perverse way, lockdown has enabled us to do that. And with a building team on site, we also decided to build a separate toilet and shower block for the caravan park, which there now enables us to separate and segregate the campsite people from the holiday let people so both both benefits from an enhanced experience in the future. So there's been a lot going on. I think it's fair to say Physically on site. And then in terms of our own market audiences, we've reached out to visit Wales who are the government body for promoting tourism in Wales. And it's quite interesting locked down, did reveal quite a few civil servants and, and people in offices who were delighted to speak to people. So it's a great opportunity to get a little bit of education ourselves and pick the brains of, of people who are in the know and actually make use of their time to understand how they work and how we can then develop markets, perhaps in some form of joint venture with them in the future. So it's really looking at those opportunities and building on them to build a target market and develop a location where people can feel comfortable to remote, the work and actually come in. Enjoy. Have a bit of sunshine. Is it just some there is sunshine in Wales?
Christian Rodwell 26:05
bit of experience and countryside. That's great. And you now have visitors returning back to the Holiday Park.
Unknown Speaker 26:13
Gary, we do the second half of the year is looking very strong. The direct bookings as well that we've received, have increased which is is great because we can reduce our overheads in terms of our agency fees. And we've got a pretty good booking complement for next year as well. A lot of people are looking forward to 2021. And thinking you know what, I think we're going to stay in the UK and do another staycation next year. I think a lot of people are looking for that security and knowing that they can go somewhere where they can. If they have to work they can do they've got good good broadband, and they can also go and do a spotty case. We'll go through a bit of coastal walking or do some dolphin spotting, whatever, whatever they like to do. So yeah, it's locked down is I think it's allowed us to do a lot of work a lot of things which we wouldn't otherwise have been able to do. We are fortunate we understand that we were locked down in 16 acres, which is great. And being able to take a walk down to the coast. And a lot of people have been less fortunate than us in that respect. But we're hoping that we can now repay the patients that a lot of our guests have shown us and welcome them back with open arms.
Christian Rodwell 27:38
Oh, well done for bouncing back in a strong way and even stronger than before. It sounds vague, Gary. I hope so. Thanks for being a great guest on wealth talk today.
Unknown Speaker 27:48
Thank you, Chris. Look forward to speaking again in the future.
Christian Rodwell 27:53
So good listening to Louise and Gary share what they got up to and both of them interestingly, had a lot Down strategy, Louise with her health wealth and getting her book return Gary, again with three things that he wanted to achieve and that he did.
Unknown Speaker 28:08
I think it's fascinating. Well, if you think about Louise, she did a pre COVID COVID strategy, didn't you? She was early into lockdown. And not just you know, anticipating it, but seeing it as a real opportunity to take time. And you know, you I think you mentioned health, wealth, and book but also was health, wealth and family wasn't it? She saw you took the kids out of school definitely saw this as an opportunity to, to bond together as a family and to kind of create the whole experience not just to help a wealth but do so with the family being part of the plan, which I think is brilliant.
Christian Rodwell 28:47
And Louise talked about, obviously our core process of generating recurring income from assets which is turning the weight of wealth. And we know there's five steps in the world of wealth education, support connection. Due diligence and then guided action and, and it was a year actually, Louis said from discovering about SAS to actually turning the wheel on it, understanding it speaking to others doing our due diligence before she actually got set up. And then another year later, she's now written a book about it.
Unknown Speaker 29:16
Well, I mean, she said herself when she looks back, you know, just flown by a year sounds like a long time. You know, it's flown by but if you anybody kept track of what Louise has been doing, you know, she's been a powerhouse, isn't she in all sorts of ways, but just to, you know, to see that I was literally a few weeks ago Chris playing golf and somebody said on the golf course, people are either getting kind of hungry or drunky You know, when they come off to COVID, but she decided not to be drunky not to get hunky, but to slim down and, you know, she definitely chose a different reaction. She knew that lockdown could cause problems. And you know, she's lost body weight and very proud of what she's achieved there as well. So all sorts of things she's done. So we're very pleased with. That is the thing I'm most pleased about in the weeds. If I look back is a little bit of humility there. She's done a lot. But she said, You know, when she talked about the wheel of wealth, and maybe Chris, because the wheel of wealth is such an important part of the wealth builder process. Maybe you could link back to the show notes when we did that episode. Would that be right?
Christian Rodwell 30:27
Yeah, I'll stick that in today's show notes.
Unknown Speaker 30:29
Good man. And she said, Well, you know, the wheel of wealth sounded like a, maybe a gimmick, maybe a marketing ploy. But then I realised when I was doing it, actually, this is what it's all about. So, you know, I'm pleased with the acknowledgement that she's followed it, followed it. Well, it's working. And same is true with Gary you know, so although Gary's done three different things, you know, he kind of increased capacity increases. In the enhance the experience of others, and he made lots of collaborations interest in me, was quite fascinating. He said he was talking to local authorities and because they weren't the people who were in offices weren't talking to anybody, they couldn't wait to share time with him. That's a very interesting insight either.
Christian Rodwell 31:18
Yeah, yeah. And he said about, you know, maximising the income generation from his existing assets. And I think pretty much between the two of them, they've covered all seven pillars. Almost certainly, Louise talks about joint ventures, which has led to IP with the birken tapping into home capacity property, pensions, investments, Gary talking, you know about business there and capacity. So, you know, it really shows and Louise said it herself that she has 100% more confidence now than when she started the programme. And that's what having recurring income coming in from multiple pillars gives you isn't that Kevin? Well, that's
Unknown Speaker 31:56
right. I mean, if you think about it, if these people were not confident If they were, you know, entering into this unprecedented times, in a state of disarray, lacking confidence, lacking conviction, they knew that wealth building is a permanent game. It's not a temporary thing. If you look at Gary, he increased the capacity, right? Think about what he did, he spent money on a derelict building, to bring it into life, you know, including restoring it in a way that had real longevity, you know, and and commensurate with the history of the building as well with the lime and the mortar and all those things. He brought in as sort of a broadband experience to make sure that, you know, everybody who came to his properties or his site, you know, had a real access to technology. And more on that in a minute, Chris. And thirdly, he talked about seeing that the other people in the locality where there was collaborations that couldn't be done and I remember chatting to him and his wife Jane. And, you know, they've got these shepherds hearts and, and other things. And I said, you know, people love a romantic experience. And you know, why don't you tap into some of the nice restaurants that are not opening their doors as much but do some brilliant takeaways. You can almost have a Michelin star date night, you know, sleeping under the stars almost. And, you know, they take all these ideas and, you know, starting to bring them to life. But the one I like more than any words, Gary saying, you know, by having this tremendous Wi Fi experience is almost created a new market. Nobody ever thought of this, which is, why would you work from home? If you're kind of stuck in the same four walls going stir crazy when you can come and do your work? to the same high level of having access to all the technology, but looking out over the sea? I mean, Isn't that fantastic?
Christian Rodwell 33:59
Yeah. It's an it's Absolutely a new trend that we will see now. And we all say you have to look at where you can add value. And certainly that is what Gary did right at the beginning is just looking at, as we said, what assets he already has, and how can he add value? And he's done that in a remarkable way.
Unknown Speaker 34:16
Yeah, I mean, both of them if you think about it, if they've come out stronger than they were before, you know, so not that, you know, anybody wants to take advantage of these times. But no, what would that be done, though, is chosen to proactively do something instead of just react and clam up in a shell, you know, so I'm very proud of what they've done. And the other thing that they both did, and it seems to come up a locker, so it's probably worth mentioning again, is they both participated in pillar two which is the pension and brought their pensions to life. You know, through the vehicle we know, we know as SAS the small, self administered scheme and directors pension, it's pension that people can use to get in to the process of getting control of that money and using it for their businesses and for their property and for their wealth building journey. So I think it would be good if people have heard this subject a few times, Chris, if we could post a link, maybe to a video, where, you know, I'm talking about the power of that. I think I did a decent interview on Sky TV a couple of years ago. Maybe we could post a link to that, Chris?
Christian Rodwell 35:29
Sure. Yeah, we have a page where we have that video plus another really informative video, and then a link underneath if anyone's interested then in finding out if SAS could be right for them. So that's on wealth builders.co.uk forward slash SAS videos and as SS a s videos, is that videos, plural, videos, plural. Got it?
Unknown Speaker 35:53
All right. Well, that'd be interesting. It'd be definitely something that I think is worth exploring. If you have good old pensions. part of your old life and you've got a business now where you're a budding entrepreneur and you want to be building wealth for yourself. Obviously, that applies to listeners in the UK only, but by all means tune in, you know, wherever you're from.
Christian Rodwell 36:12
Yeah. So to summarise on everything that we've heard today from Gary and from Louise it, it really fits within our framework that we teach in our seven steps to wealth programme. Kevin, which phase one is all about building confidence, it's about understanding what your objective is, what your catalyst your reason why, because that will drive you through these tough times when they come along. And we know there'll be more tough times in the future. And stage two is all about the knowledge it's understanding the pillars and understanding where your leverage is coming from which strategy that you're going to focus on and, and then that third phase is turning the wheel focusing on one wheel at a time as Louis said, and then generating recurring income and then reviewing repeating the process and turning Multiple wheels. And that's how you go from financial insecurity through to security. And then on to independence while Chris Ron was speaking as if you know the
Unknown Speaker 37:08
subject.
Christian Rodwell 37:10
But we've done a few of these podcasts now, it's definitely rubbing off.
Unknown Speaker 37:14
I couldn't have said it better myself. I love the way you framed that actually, you know, there's almost three distinct stages of transformation of transformation of self education and transformation of putting that education and new competence into action by turning the wheels and it was good of Louise to sort of, you know, say that she had to slow ourselves down from trying to turn too many wheels at the same time and therefore not turning them fully. So definitely, if you're curious, listen to that previous episode about the wheel of wealth. It's stage three and our process and, and key to everything really.
Christian Rodwell 37:51
Yeah. And of course, join the wealth builders Facebook community if you're not already a member, and then you can connect with Louise with Gary hundred thousands in that group actually now who are all different stages of their journey building wealth across multiple pillars, so it's a really good place to network and connect and, and get inspired by others. And you can join that group just go to Facebook search for wealth builders community. And and we'd love to have you in there. Yeah, one
Unknown Speaker 38:19
final point for me, Chris, in the term of collaborating, which is what Gary did really well, is if you're enjoying the podcast, please tell one other person, just one, just Hey, having listened to this, it's quite interesting, you know, two guys rambling on. But nonetheless, somewhere, it's making sense that's going to help you turn a life of insecurity into a life of certainty. And that's what we're proud to do. So give the gift nudge somebody, let them know about the podcast if you like it, if you don't keep it yourself.
Christian Rodwell 38:51
Yeah, and final what reminder, I guess that will be opening up the seven steps to our programme again at the end of September. So if you've been listening, if you curious if you are ready to start actually putting some of what we've been talking about into practice and with the support of myself, Kevin and coaches, all the rest of the community, then stay tuned. We'll be giving you more details later on in the month about that.
Unknown Speaker 39:14
Yeah. So lots to look forward to Chris.
Christian Rodwell 39:16
Good stuff. Thanks, game. Kevin. enjoyed that one today.
Unknown Speaker 39:19
Yeah, me too. Until next time on well talk. See ya.
Unknown Speaker 39:25
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 slash membership right now for free access. That's wealth builders.co.uk slash membership.