The average life expectancy of someone living in the United Kingdom in 1900 was around 47 years. In the year 2000, it rose to 77 years and, according to some projections by the United Nations, the life expectancy in the UK could reach around 95 years by the end of the century thanks to advancements in healthcare and technology. Although many will agree that a rising life expectancy in the UK is a good thing, in the latest WealthTalk podcast episode, we discuss the potential economic implications related to an ageing population, such as changes in workforce participation and pension systems. Tune in to hear Kevin and Christian share how you can prepare financially for a 100-year life, including some steps you can take to help ensure you don't run out of money when enjoying a longer retirement period than previous generations. How will you prepare financially for a 100-year life?
The average life expectancy of someone living in the United Kingdom in 1900 was around 47 years. In the year 2000, it rose to 77 years and, according to some projections by the United Nations, the life expectancy in the UK could reach around 95 years by the end of the century thanks to advancements in healthcare and technology.
Although many will agree that a rising life expectancy in the UK is a good thing, in the latest WealthTalk podcast episode, we discuss the potential economic implications related to an ageing population, such as changes in workforce participation and pension systems.
Tune in to hear Kevin and Christian share how you can prepare financially for a 100-year life, including some steps you can take to help ensure you don't run out of money when enjoying a longer retirement period than previous generations.
How will you prepare financially for a 100-year life?
Competition Winners:
A massive congratulations to Stuart Bowker, Phil Richards and David Fogarty who are our WealthTalk competition winners.
The three winners have won a free WealthMap Strategy call, including a token to take a Wealth Dynamics assessment, valued at £295+VAT.
As a very special bonus, the winners will also receive a 30-minute debrief of their WealthMap with Kevin to identify and uncover any areas you may not have thought about, to help you build more wealth.
Thank you to everyone who entered. If you didn't win but would like to book a WealthMap Strategy call to highlight the greatest opportunities for you to start building recurring income from assets right now, you can do so for just £295+VAT here.
Resources In This Episode:
>> The 100-Year Life [Website]
>> The 100-Year Life: Living and Working in an Age of Longevity [Book – Amazon]
Next Steps On Your Wealth Building Journey:
>> Join the WealthBuilders Community
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR ACCESS TO FREE RESOURCES
If you have been enjoying listening to WealthTalk - Please Leave Us A Review!
Speaker 1 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 197 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders joined today by our founder, Mr. Kevin Whalen. Hello, Kevin.
Unknown Speaker 0:29
Hi, Chris. Good to be with you again.
Christian Rodwell 0:31
Yeah, we are back. And we've got a cracking episode today. Or at least we think so. Anyway, we've been having lots of fun with our preparation for this episode, which is titled living 100 year life. Big changes ahead.
Speaker 3 0:46
What absolutely, you know, this was this sort of idea germinated in my mind when my second grandchild was born just a couple of weeks ago. And I was reading something that said children born today can reasonably expect to live to 100. And I sort of stopped and thought, What would 100 year life look like? How would it impact on all the macro economic things like government in education and work practices, and so on? And more fundamentally, because we believe people should take personal empowerment? Out in? How would it impact on the micro level? What you do yourself personally, how you educate yourself, how you choose to work, how you choose to educate children? How would you do all that? And it just made me think, What a fascinating area to be talking about the inexorable nature of life expectancy, which goes up around two to three years, every decade, and therefore most people will be living, you know, once you were 10 years longer than their grandparents. Now, I don't expect to live to 100. Right. I knew I look up. But I don't expect to see 100. But, you know, my father died in his 40s. And my granddad died in his early 70s. So you know, it's coming. And of course, these are average cohort numbers. They're always going to be exceptions to people. But it kind of struck me how many people over 100 Do you know? Yeah, you don't know how many. I mean, the Queen would write to you king, I guess now, right? You and in places like Japan, you when you reach 100, you get a silver sack a bottle. Until they discovered there were so many people reaching 100, they couldn't afford to buy all the silver. So the world is changing in extremely. And the chances of living to 100 at the beginning of the 20th century was 1%. Now it's massively massively in favour of the average person living to 100. And and there's no evidence that stopping him will go onwards and upwards. And we probably won't have a debate about how long could that carry on going forward. But it's been going on for hundreds of years, life expectancy keeps going up. So this let's talk about what that might mean, not just for you. But what it might mean, just as importantly, for your children, and how are they going to live that life? Because nobody's teaching this. Nobody's talking about this. Now, there are some, there are some academics talking about it. But there's really not nothing coming out of the government, nothing coming out of any financial institution at all. So why don't we talk about it? Before we do that, though, you got a competition to win we
Christian Rodwell 3:57
do. Indeed, we've got some competition winners, Kevin. Just a few weeks ago, we we launched the new wealth builders website, wealth builders.co.uk. And we asked and invited our listeners to go and spend a few minutes, take a look around, see everything that we've we've got available. And whilst doing that, we created competition. And thank you for everyone who entered and I'm pleased to announce our three winners, which we've just randomly generated, Kevin online, and our three winners who are winning a free wealth map strategy call with myself. So that's a Zoom meeting where we map out all of your wealth on one page, like you've never seen it before. And then in addition to that, to take that map and have a 30 minute debrief session with you, Kevin, so three people will win that prize, and the first winner is Stuart balca. Our second winner is Phil Richards. And our third winner is David Fogarty. Congratulations to all of you.
Speaker 3 4:56
Well, well, thanks to anybody who took a fresh look at the website. And we made some changes and improvements there. I'm going to go back to that website, I'm going to write 100 year life in it, because I think fundamentally changes the way how you build your wealth, doesn't it? If you think about the old style, the I suppose one would call it a full time education into full time work into full time retirement kind of 90th 1900s onwards really hear that that is all gone. Isn't it really that sort of style of this having three stages in your life, when average life expectancy was 70, then you could kind of work for 40 years, and you'd, you might live a decade, and that's about your work. But if people still expect to retire at 65, and you live to 100, the maths will never, ever add up. That you could do that. Yeah. And when you and when you couple that with decreasing state pensions, certainly pushing them back years and years and years now. Who knows what there'll be the my grandchildren, maybe not even there. So one can't rely on that. That's what financial independence is all about, isn't it? Independence, of any form of pension arrangements that you're relying on or hoping for and hoping isn't a strategy for a long life. You can live life without money when you're young. But you can't do it when you're old. You just simply can't cope with it. Because you don't want to work for 3040. Well hang on a minute, let's just do the maths, Chris 30 or 40 years, most people kind of know they're going to work out along. But if I asked 100 people in a room and said, I've got some fantastic news, you're all gonna live to 100, you have smiley faces, right? He said, What would that life look like? What would you do? What would you build into that? How would you design that life? There'd be lots of excitement, there'd be lots of buzz. Maybe it'll be interesting to see what our listeners would do, Chris, with that thought, just academically speaking, what would you do in a life that you knew was gonna last 100 years. But as soon as you recognise that, you've got to pay for that life. As someone said, working 40 years, you've now got to work 60 years, you've now got to work to the 80 to fund that extra 20 years, because previously was eight to 10. Now you're doubling that. And given that many, many of our current cohort of children are in fact, starting later, mean, gap years and the like. with student debt. You know, we know that the average age of the first time buyers being pushed back and back, the average age of people getting married, going back, the average age of people having children going back, which means if they follow the same pattern, as perhaps your parents did, or your following, they won't have enough money. So you either have to live frugally in retirement, or you have to delay it, we have to build assets, Chris, that's the key message. If you build assets, you can live 200 years, because the definition of an asset, something that works without you puts money in your bank account while you're asleep. And you can pass that money on to the next generation good causes, but it will support you forever. And that's almost reinforcing the point that wealth builders can live 100 years. But if you don't do that, you've got some challenges, and the government ain't gonna solve it. The school system ain't gonna solve it. The workplace, HR departments can't solve it for you. Nothing will really solve this case. But you and uniquely you. And if you think about this, this idea of cohorts, right, so in the three stages of the life that I mentioned, historically, you know, people with final salary pensions where they don't state pensions got this stock markets got more volatile. Historically, when people were in full time education, full time, work full time retired. He kind of didn't need to think about much and everybody moved together. So all the people that you went to work with finished at the same time, it's like a cohort. Everybody moved in in lockstep almost, everybody's marching together towards retirement. If you live to 100 years can't do that. You have to They have a unique life, you've got to purposely design your life. And if you do that you're going to have relationships of all different types, and there won't be anybody who's entirely in sync with you anymore. So the need for relationships, I think, is going to be massively different. The need for community, the need for like minded people and being connected to me becomes paramount. When you think about designing a new life, because you need to have role models, mentors, and guides, people on the same journey, all at different ages. I mean, if you look around in wealth builders, we got people in their early 30s, and people in their 60s, and that's what I think is gonna happen. And that's great, because you get that rich mix of different perspectives, not just wealth dynamics, but age perspective, and all sorts of different perspectives that I think makes wealth building so much fun. Anyway, I'm rambling on about this, because you can already tell it's the it's my mind, Chris. Yeah,
Christian Rodwell 11:03
in mind to talk about those cohorts. So Kevin, makes me think about the baby boomers, right? That common term that we're all aware of. And, you know, perhaps that's where there's, you know, a shift of wealth where those baby boomers have all come in that period of time, where now that will change, you know, there will not be that, that same movement, that same kind of form that you you've talked about over the last 20 3040 years. And I've all almost remember when I was doing my skater rat race meetings that I would talk about three chunks of like working life for most people, they start around age 20. So like this 15 year chunks 20 To 3535 to 5050 to 65. And you know that it's okay to change, you know, you don't have to necessarily do the same thing for that whole period of time. And I myself, got to age 35 and did a drastic U turn on what I have done for the last 15 years. But with people living to 100 people will want career breaks, they will want sabbaticals they won't be in a job as long as perhaps they have been.
Speaker 3 12:13
Yeah, well just just think about it. I mean, what look what's changed by people talking about living life for 100 years? What's changed in the last 100 years? I mean, everything. Electricity, running water aeroplanes, the internet, you just so many things that are fascinating and invigorating to make our life more usable, more friendly, more enjoyable. All of that stuff has happened in the last 100 years, we can't possibly predict what's going to happen in the next 100 years. I mean, I was reading something that said, you know, we've all had technology, technological improvements, you know, make a huge difference in the quality of our life. Okay. But what about AI? We had a bit of fun, didn't we a few weeks ago on Kev versus the Chatbot, or whatever, just to see how that worked. But, you know, I read that AI is getting so capable of diagnosing illnesses, that in the future, they expect that the molecular level AI that you plug into, were absolutely amended physically change your body to allow you to live longer, or at the molecular level. So we're talking about things we can't even dream about will happen. How do you prepare for something like that? You can't of course you can't. But it means being personal and flexible, that as you see changes, you react to them. And you seek the insights of other people who are seeing things from a slightly different perspective. And that's what I think, is a journey we're already suggesting people go on. But to me, it's reinforced the need to go on this, almost expecting to have to change and looking forward to it, as opposed to fearing it, as so many people do when they make those transitions often because, you know, in the old three stage life, often people got forced to change and they you know, they were in their 50s and then they got made redundant and then they have to take a lower paying job because they their skills were redundant. They didn't have the the foresight to invest in themselves and turn some of that skill that they've got to learn new skills. And whether you do that just to extend your working life and almost stop doing what you were doing but do something else. apps into doing something else bridges the gap between a pension that won't sustain you. And the life that you need to live in terms of finances, that's definitely going to be a way I think for the average person who's not really putting a lot of time and energy into just reacting. And almost saying, hey, I can get a full time job. But what is only before so I'll, I'll temporarily take this job that's closer to home or that is less stressful, less demanding. So that I can get x 1000 a year because my pension won't give me enough. You know, we'll I'm sure we'll get a chance to talk about pensions because the world of pensions needs to be turned on its head. And it's not being because there's so much self invested interest and profit in keeping things the way they are. And there's a big danger, I think coming. Let me talk about that one, Chris Wright. You'll have to forgive me today, you will have to, but I'm hoping that some of these points, register and you go it's not just an old geezers not undred. But, but rambling. Some of these things are quite fundamental right? Baby Boomers. Now you took us to talk about baby boomers born after the war, obviously, I'm a baby boomer. In 2030. Chris, not long, every single baby boomer will be over the age of 65. Every single one of them. There'll be nobody left in the baby boomer generation, less than what was normally regarded as retirement age, whether it's in the UK, or the US, for example. That was that mean? It means that when they reach retirement, they start doing things anyway. And one of those things they start is tapping into their pension. And here's a big number. Was it now 20% of the population working population of baby boomers. And in America, there's a law which applies to pensions, which is when you reach 70 and a half years of age 70.5. I don't know why. But that's what it is. You must convert your pension to an annuity. Right. Now, if you imagine not many years time, everybody's got a pension in America has got to buy an annuity, what's going to happen to stock market, it's going to tumble, because when all that money comes out, the market must react to that. And so natural law of supply and demand is there won't be enough people to buy. So the prices will tumble, think about something else. When the three stage life was in existence, and state pensions came in, which came in in the 1900s, early 1900s. There were always more workers and taxpayers to pay for the pensions of the people who retired. For the first time in history, it's not gonna happen, which means there's no fund for the state pension, there's no pot, there's no government investment. They're not taking any their treasury revenues, and putting that money to work in some kind of fund. It's called a pay as you go, sister. You pay in when you're younger, and you take the money out when you're older, and who pays the current taxpayer. So if there aren't enough current taxpayers to pay, what's going on? There's an inevitable squeeze mathematically, and only three things can happen, right? One is the retirement date for a state pension goes up to the retirement income, falls or gets means tested, so that there's no longer a universal benefit. It's free. It's they just possibly could scrap it, which they won't do political suicide, or you have to put all the taxes up, which is politically an unacceptable position to be in. So so no government is really talking about this. You know, they just keep kicking it down the line. Because that's what governments do their their focus is always electioneering, isn't it within four to eight years. So they never see past four to eight years. And in order to do this discussion, justice, you've got to see decades into the future. And not in four to eight years in the future. So it's yeah, it's a it's a big one question. You know, with all the Baby Boomers coming out the market, state pension, can't afford it. And then you've got to turn your pension income the pot You've got into income. Right? When the markets gone down, you haven't saved enough because you've had student debt, or you started workplace later. So you haven't got enough money and you couldn't possibly save enough to get a decent income of what's a decent income. You know, the even the best pension in the country pays two thirds. Now hang on a minute, are you telling me I've got to work 60 years in my life and have to cut my income in retirement by third. That's the best I can get. Pensions just don't work, you've got to turn your pension into an asset builder, which is what we try and encourage people to do, which is why we're such a big fan of the SAS because it gives you options to be able to build assets today, which can support your life in the future. But at the same time, of course, all funded with tax relief you can get now, and you can bring your kids in when they're 18. So you can make them part of your plan, not just you planning for you, if your kids are going to live to 100, which chances are some of them will, then don't you need to think about how to help them. So a lot of people tell us when they come to wealth builders, Chris, with their pensions and other assets, the legacy is such an important part of what they do. But how do you leave a great legacy? If you're living a long life and you haven't got enough money to secure your own oxygen mask? What will you do when you leave a worse one, which means your kids are going to be in difficulty? And I think there's things we can do about it. So any thoughts from you? While I've been, you know, chewing the fat on this very, very big subject?
Christian Rodwell 21:38
Yeah, well, you know, comes down to what we're constantly saying that, you know, you have to have a plan and a plan when you're at a younger age, when you've got time on your side. And we've talked before Kevin, you did the calculations on becoming a pension millionaire, just by putting in a couple 100 pounds per month into, you know, your son or daughter or grandchildren's grandkids, yeah, yeah, can can can achieve that. So the compounding effect of starting early is, is even more important now, I think.
Speaker 3 22:12
And of course, the evidence is people are starting later. So it's only the parents and the grandparents who can help their kids start sooner. And how do you do that when you know, you're taking money out of your own pocket. So it is it's a really tough thing. And it demands that personal personal thought, and a personal plan. And you remember I've said to you before that, if you had 100 kids in a room, they'll kids like five or six, right. And the room was full of Lego when they all calm down. When they seen all the Lego and got excited news and ours calm down. They said I want I want you to build a house, you get 100 different houses. And they'll all be different colours, different combinations, different thoughts, different stats, you've got to look at your 100 year life like that. Because you're going to build your life your way with what you want for your health, your family, your situation, your preferences, your values, all of those things now become so richly embedded in what you choose to do for yourself. It makes the responsibility tougher. But boy, it makes it exciting done to think you can design your own life, rather than be at the mercy of what's happening in the stock market, what's happening in the government? All those things you can't control, just focus on things you can, what you can do is think about this and see, what kind of life would you choose? You know, would you choose to have a 50% of your income in retirement or 30%? Or 25%? In our life, I would choose? And how long does it take to build financial independence in five to seven years, probably the most people so you can build that independence. And an almost no, you've got your life sorted. And then you can help get your kids life sorted. If you pay some attention to building your wealth, and it's fascinating to me, I know we did some feedback. Listen, we teach people how to become financially independent, we charge a fee of 3000 in year one and half price for subsequent years. And when we ask for feedback, people say it's too expensive. I can't afford 3000 quid, and then 1500 quid a year for the next period of time. Let's say they spend 9000 pounds. They're completely financially independent after five years. And it's cost them 9000 pounds. I can't afford it's too expensive. Jeez, I mean, try and try and live 100 Yes. Yeah, you know, stretch that out when you could be independent for, you know, in your 40s or early 50s. So anyway, it's definitely got me thinking about what we could do about The job of wealth builders into into encouraging people to think like this, and to design a better life, rather than be at the mercy of somebody else's plan. Yeah.
Christian Rodwell 25:12
Let me pause you there for one moment, Kevin, because we've had some more reviews coming in on Trustpilot this week. And I'd like to read one out. Just to say thank you to Lee, this week, has taken a few minutes to say, I originally joined wealth builders regarding setting up a SAS to which the team really have helped on advice to investigate into an old pension I had, and he's put brackets my estimate was it was worth maximum 30,000 pounds. It turned out it was now worth over 190,000 pounds, which went nicely into my SAS. And I was amazed. I am now on the wealth builders Academy programme to see what the other gems are that I can learn from the team on my wealth journey. 10 out of 10 so far exclamation mark.
Speaker 3 25:57
Well, that's, that's, that's good. And anybody who, you know, yes, life is going to change, we've seen interest rate changes, we've seen 800 mortgage deals pulled in the last week, there's always going to be those things that will put us under stress and pressure. But the more you can react to that, and surround yourself with other people on the same journey, the more likely it is that you need to see your way through this, as opposed to kind of Oh, woe is me and not knowing where to turn, which I think is what happens to most people, just as any any comments from you on any other areas of this, living this 100 year life might make a might make us think a bit more?
Christian Rodwell 26:37
Well, I think we possibly have already touched on the different areas that this might affect Kevin, so we've talked about work life balance, I think, but please add any additional points that come to mind. We've talked about, you know, the education period, the pattern of education, the career patterns, people taking career breaks, retiring, later, getting married, starting families, buying a new home settling down. So all of these things, you know, so it's, it's, there's no area that sun touch really with this? And a question that, you know, as I was doing the research that just really struck me was, you know, what would your 100 year old self say to you right now?
Unknown Speaker 27:18
You do it or I care.
Christian Rodwell 27:22
But I think for everyone listening, you know, just ponder on that question. You know, some of us perhaps, you know, you talked about very often Kevin, you know, the catalyst, which you know, was all important to you, and everyone needs a catalyst. And sometimes we're head down, you know, doing what we do, and I talk about escape the rat race being on that, that hamster wheel, right, going round and round and round. And the pandemic was a massive, kind of, you know, massive kind of boat, wasn't it for many people to stop, they were forced to stop and actually reflect that the commute, you know, just that pace of life could be different. And actually, they wanted it to be different and something Yeah,
Speaker 3 28:02
I think some of our wealth builder members absolutely responded to that and made a decision that they would use that sort of more control of their time to build their wealth assets, and many people come to mind is, is I think about that, who made that transition? And let's, let's take that word quiz. Right. So, transition, right transition is moving through different stages. In that kind of three stage. Yeah, two transitions, right? You, you went from education into work. And decision number one, you went from work to retirement transition. But now you're gonna have so many of them. I think there's going to be many more exploring transitions. When people get to a certain point, you know, I'm going to I am going to take that sabbatical. I'm going to take some time out, and reassess reappraise where I'm going. And I think that will be a transition, there'll be definitely transitions as you learn new skills. And you take some time out, we know that often, people take that time out when they're busy with work, Chris, they'll take some time out on wealth building, for sure, into learning new things, but they do it alongside the job. So they for a period of time, they turn the recreation time into recreation time. So they're looking at themselves and saying, I'll put up with this for a year of working weekends and evenings, provided it's going to make a difference to my life, and that can happen. So that's a transition. We're seeing, escaping the rat race as a transition moving from one form of employment to running a business, building assets as a type of business. So I think there's going to be much more periods of people going through transition and welcoming that. And another another way to think about transitions Chris is bridges. A bridge between one place where you are Now one place where you want to get to. And the quickest way to cross a bridge is not just a straight line that we know. But most people don't have a straight line because they don't have a path to follow, but is to is to see that some people are ahead of you. And if you're in a community, they can help you and show you the path. And an equally you can enjoy that transition for yourself and want to help somebody else. So you've got this vision that I've had, and shared this before. I don't know whether I've shared on the podcast, but but almost like a wealth builder bridge is one where, on the one hand, you're reaching out, you have the humility to ask for that help. And you're reaching your hand forward saying, Please help me I'm willing to accept the help. And sometimes people feel a difficulty with that. And I'll touch on something on that in just a second. And then a hand reached out extended behind them to say, Hey, I'm willing to help you. And the point I was going to make the about those transitions is every time you go through a transition, you take a new identity. And that new identity you have to be comfortable with. There's so many people they have locked in and identity to who they had as a job. And then it makes it difficult for them to see themselves with it with a new identity. So being willing to do that. And a transition, if done well turns into transformation. And when you transform, you become completely comfortable in your new skin in all aspects of what that means. So I think that's another aspect of that. So working with other people who've been there and done that, to help you, rather than just doing anyone. Yeah, that's really wherever you get that support wherever you get that community, wherever you get that help find and connect to other people. Because I think that's going to be the fastest, safest, most enjoyable way to transition into a wealthier life, even if it's not along the life.
Christian Rodwell 32:03
Yeah, and just to make it really obvious for how to get in touch with us how to speak to our team, take that first step find out, you know, how we can help you if we can help you is to go to wealth builders.co.uk forward slash discovery call, you can book in a free 15 minute call. And yeah, to start that conversation. And that's definitely something that, you know, we offer every week, Kevin. And just another way of helping our members who might be interested to learn more about the SAS pension, something that's come up a couple of times today is to jump on the next webinar that we're doing as well. And that's on Tuesday, the 20th of June, and normally run the webinars for about 90 minutes. And that starts at 7:30pm in the evening. And it's discovered a new source of funding for property or business. So for people who are building, obviously, their wealth in those two areas, Kevin got to be business owners to have a SAS but if you're interested jump on that webinar register by heading to wealth builders.co.uk forward slash SAS webinar, that's s s a s webinar or one word.
Speaker 3 33:05
That's always a fascinating one. And the thing that I like most. Now I'm gonna say two things, booking that the two things I like most about SAS and why I call it a bookend is one is about now, every pension other than SAS is all about the future. You hope one day someday things are going to work out where SAS you can use the money now, you can build assets today, you can't do that in a conventional pension. The other thing is legacy. If you normally a pension are the dies with you, hardly dies with you. Or if you haven't done a great job, you've run out of money, you know, you don't have anything left to leave. Whereas the assassin bites, so cannon by your children, not children as in kids, but at a team over not necessarily Bang 18. But in 20s, even. And they can become part of a family trust fund, which will support the wealth of the next generation to support that longer life and all the income they receive from them completely tax free. They never pay tax on it. So I think it's incumbent on us to look at these new ideas. And just be curious about them. And that's all I can encourage anybody. You know, just be curious because that curiosity encourages that open mindedness. So be curious out there guys and girls, and just be open to listening to other ideas and just see yourself as that person who was just thinking about their 100 year life, either for you or for the next generation and how you might want to pass on some lessons, either to yourself or to others. So this is not, by the way, Chris? Science fiction Isn't this is science fact. And the only science fiction that I would share with you is your quote from Dr. Spock, which is live long and prosper. That's, that's all you can do is hope you live long, but prosper by building wealth independently. I've rambled enough plus,
Christian Rodwell 35:21
now it's been a good one. And we record all of these podcasts on video. So the video goes live in our Facebook group, our free Facebook community. So if you're not already a member, do hunt us down and request to join. And please do comment on today's episode, you know, we'd love to hear your thoughts around this topic of living 100 year life. And, of course, this really leads into the wealth bonus for families programme very much, Kevin, you know, this will be at the heart of the message, I think now moving forward,
Speaker 3 35:51
I think I think it has to be because that realisation I got from, you know, my young granddaughter, which is crumbs, you know, that's that's a responsibility now, we they don't know what's going to happen. So the responsibilities is for us to try and prepare them and no parent or grandparent wants to have unprepared children to the stages of their life. And, you know, financial responsibility is one of those. But of course, we're not qualified to talk about health. And we're not qualified to talk about, you know, work practices, and how HR departments deal with this, or how governments deal with this. But we can do what we can deal with the central Iran, we can deal at the micro level, that means our personal economy, we can take steps to influence and hopefully control that, and then teach that those skills to the next generation and the generations to follow.
Christian Rodwell 36:45
So thank you, as always, for listening to today's episode. If you enjoyed it, and you think someone else might enjoy it, as well, please hit the share button, send it to them. And we would love to spread the wealth building message as far and wide as we possibly can.
Unknown Speaker 37:00
Certainly anybody who would like to live to 100
Christian Rodwell 37:05
So thanks for that Kevin stimulating force there. And we'll be catching up Same time, same place next week.
Unknown Speaker 37:12
We will indeed Chris and until then my friend so yeah.
Speaker 1 37:18
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