Andreas Loizou, WealthBuilders Academy member since 2020, shares his story of transforming his wealth and building recurring income from assets. Andreas started his journey at the beginning of global pandemic, which made him realise that he needs to be ready for such misfortunes in the future. Tune in to hear the steps he took to build his wealth following our signature Recurring Revenue Roadmap.
Andreas Loizou, WealthBuilders Academy member since 2020, shares his story of transforming his wealth and building recurring income from assets. Andreas started his journey at the beginning of global pandemic, which made him realise that he needs to be ready for such misfortunes in the future. Tune in to hear the steps he took to build his wealth following our signature Recurring Revenue Roadmap.
Resources Mentioned In This Episode:
>> Connect with Andreas Loizou [LinkedIn]
>> 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 144 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders. And I'm joined today by our founder Mr. Kevin Whalen. Hi, Kevin. Hello, Chris. Great to be with you again. Yeah, and we're actually recording this on video today. So we'll be posting this on the socials. So you can see behind the scenes, how we put these podcasts together. But we're back today with a member spotlight. And this member has been with us for 18 months, it's Andreas Loizou. And Andreas, I think, is a really good example of how the process of building wealth works, which is kind of slow and steady wins the game.
Unknown Speaker 0:58
Yeah, remember, there's a story about that the tortoise and the hare, isn't it something. But you know, wealth is more often and you'll hear this in the interview. It's about waiting for things to happen, you know, you've got to plant seeds, and then let those seeds germinate and then let the seeds grow. And then you reap the rewards. And sometimes the seeds fall on stony ground. And I'm not trying to be biblical about this. I'm just trying to say sometimes things work. Sometimes they don't work at all. But sometimes they take a little bit of time. And then you get a nice boost. In this case, he had a super little boosted knee of six units all in one go little boom of opportunity. And that's really, you know why I like this story, because it doesn't sound the most exciting. Nothing dramatic happened in a, you know, in a life changing way. But it's changing his life is changing his life in positive ways, as you'll hear, and I just hope that people can recognize that we don't have to go rags to riches, but we can go steady and sure and build wealth. And we can do that for most people within three to five years to get them to a place of complete independence and 18 months in and he's well on the way to security. And and I think he said himself, is you listen, I will make that figure in 2022. And that's confidence. And I just love the fact that our members once they get the process, they understand how it works. They follow it. They don't drift. They don't deviate. They don't get all caught up. They just do it. And the doing this means they build their wealth. And that's why I love the story.
Unknown Speaker 2:40
Yeah. Okay. Well, let's head on and hear it from Andres himself. Andreas, welcome to wealth talk today. How are we? Yeah, very, very good. Thank you. Good to have you on. And of course you featured earlier this week in our wealth builders Academy. So the monthly members and partner spotlight call. So it was really good to hear you share your progress recently. And we thought we'll, let's tell the full story on the podcast for everyone else. So here we go today. So as as we always like to do on these monthly spotlights, Andres is really just walk through the nine step recurring revenue roadmap. And we know the roadmap is broken down into three stages. We've got building confidence at the beginning, which consists of mindset Foundation, and getting your roof in place. And then stage two is all about building knowledge. That's where we look at the seven pillars, look at the different points of leverage, and then deciding on what's the right strategy for you to start generating income. And then the final stage of roadmap, stage three is all about building assets. So that's where you focus on one thing, you turn the wheel of wealth, and that should generate some capital or cash flow. And then by turning multiple wheels more, accelerating your way towards your financial goals. So, Andreas, you joined us back in July 2020. So about a year and a half or so now?
Unknown Speaker 3:58
Yeah. Seems quite quite long ago.
Unknown Speaker 4:02
Yeah, yeah, it was. It was a crazy, crazy few months. Hey, that we had since then. So okay, let's get stuck into this, then Andreas, you've been a great member of wealth builders, and you've made some really, really good progress, especially recently, we've really topped out your monitor. So let's begin at the beginning. Step one. So step one is all about mindset. It's about really thinking about the big picture. And also like the catalyst. So can you remember, you know, was there a particular point and dress where you said, Okay, I'm gonna do something about building my wealth now? Yeah,
Unknown Speaker 4:33
I think it was, you know, pre pre pandemic, just probably a year before, before everything kicked in, you know, work was becoming a little bit more, you know, stressful, both from a mental and physical point of view. So it was almost reaching a breaking point, and it, you know, thing, the whole pandemic situation and working from home gave the opportunity to take a little bit of a step back to reassess live, you know what's important? I think that was pretty much the turning point for me to say, okay, something needs to give, you know, one changing my role, but also from from an income security point of view. Given the the the unfortunate circumstances that happened in the pandemic, I thought, you know, something, you know, we need to be building more from, from a legacy point of view as well. So I think that was a turning point for me in my, in my journey to kickstart my, my wealth building process.
Unknown Speaker 5:37
Hmm. And can you remember how you first came across wealth builders, and what helped you decide to join us? Yeah,
Unknown Speaker 5:44
I think, you know, deviling, in the beginning, I think it needed a little bit more, you know, accountability and a bit more focus. And, you know, following Kevin's presentation at one of the networking events that I attend, you know, I feel that was something needed to provide that, that for end to end process and having making sure there's there's that that focus in place, I think that was the bit where I came across wealth, wealth builders.
Unknown Speaker 6:16
Okay. So first things we need to do is obviously, the, the levels of wealth, you know, understanding how big that gap is, from where you are now to where you want to get to so obviously, insecurity at the bottom, then security is the first goal for people then independence. Where were you when you joined us, Andreas?
Unknown Speaker 6:35
So it was very on the bottom scale of the insecurity, I think, you know, very early stages, not really meeting that, that that security level, so I was more on the other side, when I when I first drawing.
Unknown Speaker 6:49
Okay, great, so firmly focused on reaching security, which is definitely within sight. Now, we'll come on to that when we look at the results in a little, little later. And then the other aspects of the foundational stage is, of course, just making sure you've really got a tight roof on top of everything to make sure you've protected yourself your assets. And, you know, how important was that just to make sure that that was all in place and dress?
Unknown Speaker 7:15
Yeah, I think that that was, you know, a critical part. Because I think pre pre joining wealth builders, I did go through a series of, you know, making sure having, you know, life insurance, or the all the works to make sure everything is watertight, coming from my background as well. You know, growing up has not been, you know, in terms of security as well. So, you know, even from the pension side, making sure having a nominated beneficiary, if in the event, something was, you know, God forbid, were to happen, everything gets its water tie, and also have making sure there's a will in place, powers of attorney, both for finances and welfare. So that that was, you know, I think the crucial part before, you know, getting stuck into building wealth, I think is always important to have that that roof in place.
Unknown Speaker 8:06
Yeah. Yeah, very much is. So that made sure that you had a strong foundation there. And as you say, then you can really build firmly upon that. So moving into stage two, then Andrea. So looking at the assets, which is step four, so we know the seven different pillars to build wealth, which did you already have played in place when you joined us? And which pillars Have you been able to utilize since?
Unknown Speaker 8:29
So yeah, I think in terms of, you know, coming from my background in finance and risk management, so I did have exposure in the property pillar. That that was my primary focus in terms of what I'm currently working on, or worked on previously, but also with a bit of the the investment portfolio from stocks and share so that those were the two prominent pillars that I had before joining wealth builders,
Unknown Speaker 9:00
okay, perfect. And then once you understand which year you're going to be your primary secondary pillars, then you've got to look at your points of leverage. This is really, really key. And it's different types of leverage. We know there's financial, intellectual relationship systems and time. So can you provide us with an example of how you've brought leverage into play and help you build your wealth?
Unknown Speaker 9:21
Sure, the that's, I think, a good good example in terms of like, where I am now, purely because you know, a little bit of time poor and one in terms of the location I'm in using relationships as a as a point, you know, utilizing that point, making sure I have the right contacts in the area for me based on my work dynamic as well. It's quite easy for me to network and build relationships, which has been a crucial part in what I currently do now. purely based on I mean, in London, but or the the investment portfolio a little bit up north. So making sure I have trusted the trusted Power team in that area. So I think that's that's been a huge benefit for me in my in my in my journey. Okay,
Unknown Speaker 10:17
excellent. Yeah. And Step six is all about strategy. So there's many strategies obviously within property and dryas and what have been the main strategies that that you've been focusing on to generate income?
Unknown Speaker 10:31
Yeah, I think there's definitely a lot of strategies within the property pillar thing that's, you know, sometimes overwhelming. But that's probably another topic. But in terms of my primary strategy, when I first started out in property was the the BRR by refurb refinance. So that that was my, you know, almost my bread and butter when I first started out, but recently, you know, start to get into more advanced strategies such as freehold, or leasehold, which is just like an add on to acquire more vital portfolios. So those were the my main main strategies within my property pillar.
Unknown Speaker 11:16
Yeah, yeah. And I guess that just comes through experience and time and just growing in confidence, right, like, turn the wheel once on maybe a buy to let something you know, relatively simple. And then you build up and you start learning from other people around you. And I suppose being part of a community, you kind of it rubs off on you, right? Because you're seeing what other people are doing. You're connecting with other people. So yeah, I mean, how have you found the community aspect of things, Andrea's
Unknown Speaker 11:44
super useful, I think in terms of, you know, having a question, even the freehold or leasehold, total splitting, I started doing something new, but within the community and the support, and within the coaching, cause that I have on a monthly basis has been pinnacle in pinning me down and saying, okay, that I have the right support function within within the wealth builder, builders community. You know, any, any questions I may have, it's, you know, within an arm's reach of, you know, opening your laptop and reaching out to someone who has already done it or is thinking about it, and even partnering and sharing ideas. I think that's, that's been super useful, instead of being completely isolated and being on your own, I think by sharing the experience and the knowledge, I think is, you know, as that added level of projection in terms of you know, where you want to get to,
Unknown Speaker 12:48
yeah, that's great to hear. And that leads us nicely on actually to step seven, which is all about focus. So once someone's chosen a strategy, like you've just mentioned, their address, the key is to follow the wheel of wealth. And that means education, support, connection, due diligence, and then taking Guided Action. So our wealth coaches there each month to help you stay laser focused and turn that wheel. You mentioned your coaching calls there, Andreas, give your coach a shout out because I know many, in fact, all of the coaches listen to the podcast. So who's been helping you along the way?
Unknown Speaker 13:19
So, you know, special thanks to in Halfpenny, I think, you know, starting out at the beginning and not really having a plan in place, you know, coming in thinking, you know, you just want to acquire property and that's, that's the main goal, but that's not the objective, right? You always need to have a plan, but also to Manisha, as well, that's, that's been helping me out as well, with with the whole DD side. And, you know, having a bit more of a focus, but super, super, you know, big big shout out to to both of them in terms of providing that, that guided support throughout the months since since joining wealth builders. Yeah. And
Unknown Speaker 13:59
that's, that's, that's calling and what difference does it make kind of knowing that you've got that accountability every 30 days, you've kind of got to report something, even though it's not like being at school. It's not like, Oh, you haven't done what you said you were going to do. But you know, in yourself, you know, that you've you've got to kind of show up and you've hopefully got something to share.
Unknown Speaker 14:19
Yeah, I think that's, you know, accountability and making sure every single month that you know, like you said, there's months months that you don't really have that much to report. But sometimes when you do report back and you have that monthly call with your coach, you're actually quite surprised what you've actually accomplished because you can easily drift as well and you know, sometimes at the beginning and even now, there are moments where you have a bit of a dull moment and things are not moving as quickly as as you hoped and you know property is and can be any is a slow moving vehicle is not something that you you know, you go on to the stock And you just buy shares and you know, you've acquired something, there is a process there is, you know, issues along the way. So I think it's just, you know, having that, that that awareness and accountability, I think that's, that's crucial.
Unknown Speaker 15:15
Cool. So we're really moving now and into step eight, which is about results. So we encourage all of our members to track their progress every 30 days using the wealth chart, and by completing monthly progress reports, as well. So you've had a good couple of months recently, Andreas, so tell us exactly what did you do? And how much additional recurring income has that added to your wealth monitor?
Unknown Speaker 15:37
Yeah, I think, you know, it's been a really good good month. And, you know, it's, it's been an opportunity where I've added substantial what meaningful income in my thermometer. So I was able to leverage the title splitting strategy in the property pillar, acquiring six self contained units, which has enabled me to increase my income by 1400. Net for that for that month, so everything is fully rented money is coming in. So where I, where I was, it was at the 600 level, now that's bringing me a total of 2000. So getting closer to that security level now, which is scary to think of it, you know, thinking about where I was at the beginning, acquiring just one property and thinking about, you know, just the one now you're very, you know, I'm getting to that stage of security, which is a really good, good way of thinking about it. And I think, you know, I'm definitely on track for, for achieving that goal, in this year. 2022. So, yeah, I think it all comes down to planning and making sure you've got those, you know, critical milestones and keeping track and then going back to, you know, the monthly coaching calls and keeping track of that figure. So, that's, that's been, you know, the biggest achievement I've achieved so far.
Unknown Speaker 17:09
Yeah, that's really good. And I can only imagine what that's doing for confidence as well. And, I guess the feeling of certainty, right, as you say, that, that things always crop up there that are unexpected along the way, but you know, that the process works now. And you know, that if you just continue to follow that, you know, how certain Do you feel that you are going to hit those goals eventually?
Unknown Speaker 17:29
Yeah, well, I'm already looking at, you know, another project that's quite similar to this, but a little bit more in, in, in size, which, you know, it just builds your confidence and, you know, you learn as you go along, even though this was a completely new strategy, but then it goes back to the relationships and having trusted people around you and their experience and leveraging their time and experience that they've done this in in the in the past. And you know, when it comes to the next deal that I'm looking at now already know what to look out for. So you know, builds that confidence and that certainty, but just gives you that extra push to say actually is achievable, and I can do it, even though you get those months where you are a little bit down. But again, having those cores on a monthly basis just you know resurrects your your focus and hunger to reach that that figure.
Unknown Speaker 18:24
Okay, so that takes us into the final step, then Andres step nine accelerate. So by repeating the process of choosing your pillar, then choosing your strategy, and using leverage, you will move towards a place of financial independence. And for most people, the journey from financial insecurity to independence will take on average about five years. So what do you see as being key to helping you continue to stay focused and take the necessary steps to reach your own financial goals,
Unknown Speaker 18:51
continuously meeting new people and you know, you never know what is around the corner in terms of you know, you might speak to someone and there's something that comes along in your favor that helps you propel and get you closer to that to that angle, but also leveraging funding so something that I've started to incorporate in, in the recent bill that I've I've got over the line and on the title splitting, using friends and family funding from their side and giving them a better return than what they getting through the bank. By doing that, that's also given me the opportunity to push and accelerate my my acquisition of properties faster than using my own money, which is something that I'm looking to leverage a little bit more, but also the accountability piece and you know, continuously having those coaching calls and the focus group calls where you know, making sure you know, you're you're on one track to meet that financial independence figure,
Unknown Speaker 20:04
brilliant. Well, thanks so much for sharing all of your journey with us today. Andreas, we're very much looking forward to you celebrating your financial security this year. I'm sure it won't be too far away. So keep up the great work. Thanks for being a great member of the community.
Unknown Speaker 20:19
Ledger Christian, thank you very much for having me.
Unknown Speaker 20:23
Okay, so we've heard how Andreas has moved very close to his financial security figure there. And we'll dive into some of the points that were brought up. But before we do that, let's head to Trustpilot. And I'm going to read out a review that we've had from Tina, who says thank you to wealth builders, for connecting us to supportive people, we now have trusted professionals we go to for advice, something we didn't have before. And thank you for helping our family it is appreciated. Talking about those connections again.
Unknown Speaker 20:57
I mean, look, it's connections, we believe in the who not how principle if there's a how problem, there's always a who, at the other end, and we're building our big black book of trusted people, people who are outstanding in their field, their best teachers, the best thought leaders, and we bring them to our audience. And we do so with great gusto because we want not to have to go in Google the success but to give us a call to let us know who you're looking for. And we'll do our best to find that right, who, who can help you with integrity and with skill. But who wants to share. And that's what people get surprised about, don't they more than anything else, is how, how open and willing members are to share with each other, and experts are to share with our members. And I really love that. And it's good to see Tina, as well, because she's got I mean, she mentioned the family, she'll be definitely one of our prize interviews when wealth builders for families comes up in in the spring. So do register your interest in that, if you interested in the idea of either being a case study, or you're interested in understanding about wealth builders, for families, which is bringing financial literacy into the home, it's trying to help you, as a parent become a great money role model for your kids, with all the lessons, the inspirations, the guidance, the games, a whole raft of things, that we're going to be ready. As soon as we got the next big project done, Chris, which is an interesting one, because it actually flows out of one of the first points that Andrei has made, which was there was a reason wasn't there, that he decided to get going. There was a catalyst in his life couldn't remember what he said about that?
Unknown Speaker 22:50
Well, remember, the pandemic definitely gave him that space as it did for all of us just to take a step back, although I remember at the beginning of pandemic, it was a bit chaotic for many people. But in other ways, it allowed us to kind of just reflect really on kind of the path we were on. And certainly that was the case for Andreas there. And, you know, he decided he wanted to take a slightly different direction and reached out to wealth builders for some support.
Unknown Speaker 23:14
Hmm. Well, the whole thing about the catalyst is because I believe, you know, I love a good ROI, Chris. And he is one of my favorites. And it's a reason to overcome inertia. Because we know that, and let's not get scientific about it too much. But Newton's law is an object at rest stays at rest. What you need to do is be willing to move and to not stay at rest. And often we need a catalyst to do that. And the catalyst is that little poke, a little prod, a little stimulus to get you off your hiney to get you off your rear end to get off the fence because you're getting splinters in your rear end. It's something to do that inspires you into action. Sometimes it's positive, sometimes it's negative. Anyway, his was a positive reason to a negative outcome or negative scenario, which is the pandemic. And I'm pleased to say Chris, that over the coming weeks, I'm preparing for a very big event, which is promoted by one of our The Friends of world builders called Action coach. So action coach are the world's biggest community of business coaches. And they operate very strongly in the UK. And they've invited me to speak at somebody called biz X bi Zed, capital X. It's got to be American sounding of it's going to be impactful, I guess. So biz x, which is on the third tee, the end of at the end of March beginning of April 31 of March 1 of April. I'll be delighted to be sharing a message to I think around 2000 business owners Live, which is you know, hoping to make an impact And to get businesses to look at their business in a completely new way. And with the pandemic, and the floods and the storms and the Brexit in the magazine, and every other kind of thing, the whole kind of pandemic, which has calmed down again, but there's an endemic problem, which is, so many business owners get caught up in the day to day of doing the work trading time for money. We've heard that many times working in the business, not on the business, all the usual cliches. But the point that I'm going to address is to help business owners can create recurring income inside their business, because we know they love to be inside their business, but also to use some of the profits that they're making to create wealth outside of the business. So they get used to the skills of being a wealth builder, so that if they do sell their business, or part of their business, or retire from their business, they've got the real skill, to be able to harness to be able to create continuing wealth for themselves and their families in the future. So that's looking at your business in the new way. And very much looking forward to sharing that. And what we're also hoping is, we'll get a few hints and tips from the some of the UK action coaches who are also involved in some way in the wealth builder community, Chris, and we've got a secret as well. And we we've got a rather big surprise coming up, where the founder of ActionCOACH, a guy called Brad Sugars, will be coming for an interview with us in a very recent, very near future,
Unknown Speaker 26:41
very, very near future date. And, and the reason for that is because you're co authoring a book. That's right,
Unknown Speaker 26:47
so co authored a book with Brad called the wealth coach. And definitely creating that awareness for myself is UK kind of business wealth coach working for the business, working with business owners, and pleased to do that, but Brad's got a fantastic stories, the founder of action coach, and I think that it's turning over hundreds of millions of pounds a year. So very, very experienced business owner with lots of great hints and tips and inspirations to share for our business owner community and for anybody who's building wealth to listen from those who've been there and done that, and they can share something that you can pick up. And as always, Chris will pick up on the lessons straight afterwards and try and help you to work out or what can you learn from the various action coaches we speak to, and also from Brad Sugars himself. So as I said, we're trying to bring you the best teachers and the best thought leaders in the world and bring them to help you get a lesson to how you can accelerate your own wealth.
Unknown Speaker 27:49
Yeah, I'm very much looking forward to those insights. And of course, you know, at wealth builders, our kind of core IP is around the Seven Pillars of Wealth. So whilst Andreas has kind of followed the property pillar, which is just one of those seven, we're just talking about business specifically. But you know, there's, there's, there's a raft of different areas that people can focus on. And it's all about finding the right fit for them. So whether that's leveraging existing assets, the traditional assets, as we call them, your home, your pension, your investments, or is looking at the entrepreneurial assets, which are building a property portfolio, building a business, creating IP, from your knowledge, and then working with others as the joint venture pillar, but you can combine them and that's the fun part about this whole process. Is
Unknown Speaker 28:35
you Chris telling me, You know what the eye? Welcome. Sounds like you even know that.
Unknown Speaker 28:42
Oh, I've been doing my study. Yeah.
Unknown Speaker 28:46
Well, well done you so No, it's great. We're looking forward to that. Chris, if somebody wants a copy of my co authored book with blood sugars, how would they register their interest in that?
Unknown Speaker 28:58
Well, a copy. So maybe two, so they can order one and it's put away? Well, we we can definitely point people towards that. So I think the best place would be heading to wealth builders.co.uk, forward slash wealth coach, or one word, because that's the title of the book. And we'll put all the details of how you can get a copy on there. And we'll see if we can put some bonuses of some sort there as well. You
Unknown Speaker 29:27
have to do that. If you come through the wealth builder channels, you know, you better buy a copy of the book, and we'd love you to do that. But we'll give you so much more value than that. I think it's less than a tenner, Chris social less than a tenner will will give at least 20 quids worth of additional value so that you know it's going to be a no brainer for you. So looking forward to that coming out. Looking forward to the interview with Brad looking forward to the interview. Hopefully with some of our UK coaches, you know, the people were doing it every single day in their day to day coaching and hopefully all of them share some lessons, in addition to the lessons shared by Andreas, which we thank him for. And looking forward to seeing you on a podcast sometime soon, Chris. Yes,