Joining us in today's episode is one of our founding member's, Rupert day. He shares with us his wealth journey and walks us through each step he took on his Revenue Roadmap. Want to find out how Rupert changed his financial insecurity to financial security? Tune in to listen to how Rupert did this focusing mainly on the property pillar.
One of our outstanding WealthBuilders Academy members, Rupert Day, shares his progress since joining the programme as a founding member. Rupert talks us through each step of the Recurring Revenue Roadmap and how he managed to go from a place of financial insecurity to now being very close to independence, focusing mainly on the property pillar. Tune in to learn how you can also follow our roadmap to start living the lifestyle you truly desire.
Resources Mentioned In This Episode:
>> Connect with Rupert Day [LinkedIn]
>> WT025: Foundation Members Share Their Progress
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR FREE RESOURCES ACCESS
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Welcome to episode 127 of wealth taught. My name is Christian Rodwell, the membership director for wealth builders, and I'm joined today by our founder, Mr. Kevin Whelan. Hello, Kevin. Hello, Chris. Good to be with you again, although not in person today, which I'm disappointed now back on the digital stream today.
And. With our member spotlight. So, uh, something we enjoy very much every month is inviting one of our members from the wealth builders community who has been following our tried and tested process and, uh, building their wealth along the way. And this month we've got founder member Rupert day and, uh, rep has been such fantastic.
Members is joining us back in May, 2009. Uh, gentleman, a scholar and a overall good egg. So he is, and a very, very, uh, accomplished film director. In fact, he, uh, he'll tell us his story, of course, but that was his background, right? It was directing, uh, documentaries and films and, uh, he's actually done some work for us.
He did. And he actually suggested it. He said, I love what you guys do. Wouldn't it be great to shoot a video? And, um, you know, we, uh, chatted about that for a while. And he was terrific in orchestrating our wealth builder video, which is shot in the center of London, which anybody could check out. On our homepage, we'll build this.co.uk with, uh, with kind of, you know, given the background and Rupert on camera, um, fighting our way through a busy London when London was busy.
But, but of course now it's not. So we could, we could shoot that in a quiet environment. Now London is so quiet. I go there pretty much, most Fridays, and I was there last week, Chris and now. It's like a ghost town, really, even still, it still is in London, crazy in the city anyway. So we shot that in the city, around bank of England and, uh, the bridges and so forth.
And we, our wonderful whole day took us a whole day. Didn't it. And I really enjoyed that and I thought Rupert's work was outstanding. So you group Rupert, and I'm glad we've had the opportunity to reciprocate and. On your journey as well? Absolutely. And, uh, well, in the usual fashion, we'll walk through our recurring revenue roadmap today with Rupert.
So the nine step process that we teach members of our wealth builders academy so that they can move from place to financial insecurity, to financial independence. And, uh, well, we've got lots to cover. So I think we should probably head over and hear from Rupert Rupert. Welcome to wealth talk today. Yeah, not the first time that you've been with us here on wealth taught Rupert.
It was actually back on wealth talk episode 25. So almost a hundred episodes ago. Well, over a hundred episodes ago now, um, back in July, 2019. So you are one of our founding members. So we're going to be hearing all about your journey today, Rupert. Yeah, I know it was a bit of a shock when I realized that one through bachelor podcast, something and you won't get, where am I?
I'm right down there. Uh, it's, it's really impressive to hit the a hundred mark. And so it goes so great content. Yeah, it's a, yeah. Well, thank you. And, um, you know, I think it's going to be really valuable lessons that you'll be able to share with us today, um, because it shows the progression and it really emphasizes the fact that wealth building is a journey.
It's not something that happens overnight. It's not something that happens in 12 months. And we say that, you know, Average person really, that we've seen, uh, on that journey. It can be done in five years. So, you know, you certainly started that journey before you joined us Rupert, but it's been, you know, at least two, maybe two and a half years now that you've been part of the community.
So, so let's dive in. We're going to go through our roadmap today and the recurring revenue roadmap it's broken into three stages. Stage one is building your confidence. Stage two is building your knowledge and stage three is building assets. So step. Is mindset. So let's start with the beginning then Rupert.
So can you remember really well, is there a trigger or catalyst in your life at any point where you just decided, okay. You know, I need to take control of my own personal finance and. It wasn't sort of an epiphany moment, like, like some I know, um, but it was a gradual process and it's really, I suppose, coming out of a career path and I, wasn't a typical sort of corporate worker who worked nine to five and I didn't have any time because I was a freelance film director.
Um, Um, I sort of flexible approach to work. Um, I was always busy and I was always traveling. Um, and, uh, but I realized that there wasn't an game that that was probably, uh, more targeted at, um, an age related and also just the fact of how the market was changing, how the audience was. Um, and there were less big budgets for me to go and do all the big projects.
So, um, I realized that I had to do something else and my why, I suppose it's very typical with other people is, you know, I've got a family or two, two daughters. We decided quite early days, days that we put them through private school and that's a big chunk of, of money and income that you've got to have.
Tax to turn aside little old practicalities about, you know, um, uh, having a, having a family and, and doing the things you want to do. Um, so it was driven out of that. And I suppose it was like it was, uh, uh, an inverted curve. One curve goes down in terms of income. And as you were tearing down your career, the other one, you've got to have something that takes over and, and, uh, opposite from.
Um, so it was the, why was I needed to do something and I, and I didn't know what that was. So I spent literally a couple of years trying to find, um, you know, uh, an approach to do that. Um, part of that was, was education. I was reading quite a lot of books, um, and I heard Kevin at, uh, mark stoked about. Um, and I'll follow.
He's quite an interesting individual. And I went back and he picked me up a free book, which I downloaded it and I read, um, and then the back of that, I was reading rich dad, poor dad as well, another, some seminal seminal book and the light side sort of, sort of tipping off my brain. Oh, okay. I said, what I need to do.
So. I think playing what I need to do. It's just a question to find out how to do it. Um, so yeah. Yeah. Good. And, uh, and then I guess obviously you caught wind of the fact we were launching, you know, the wealth builders membership program, and I guess the timing and the interest was there. It was, I think the interesting thing that struck me.
Um, the membership program is like all these things. I think you mentioned before, there's a lot of people that bombard you with educational press, especially now. Uh, and I think you have to be very careful of how you analyze them and it's very easy to ticket the box and go, okay, it's another model. Um, and, uh, they ended up sort of having different value systems, really?
So with this, um, the one thing that struck me with Kevin. Uh, stuck in my mind was, was the 5% of the population. That's all that sort of engaged with, um, creating, say SAS, SAS, pension funds, and actually looking after their own finances. Um, it's, it's, it's really poor, but I thought that was a really interesting point.
And then obviously with the robot, I thought it was a really good way, breaking it down to go. Okay. You know, it's a great analysis tool and you can see where you're gonna go. So why not? So I took the box and I paid the money and I thought, well, it's not much to lose. Let's see how it goes. And most ever since two and a half years later here we are so great.
Well, that's fantastic. Good, good. Start there, Rupert. So step two is foundation. So this is really about getting crystal clear on how much asset income you're currently generating and how much you need in order to reach that next wealth level, whether that be security, independence. So, can you remember Rupert, which of the five levels were you at when you joined and where are you?
Well, sad to say I was in insecurity when I joined, because we had a fair amount of outgoings and, um, I had actually done some properties before and I had a fair amount of, of asset, but we weren't using savings to pay for school visiting. So in reality, when I looked at, when I sat down and looked at the level of security and you see a black and white, it's quite.
It's quite shocking in a way I'm thinking, okay. It says I'm in insecurity. I don't really feel like it, but that's what it says. So that's what I must be. Um, and so there's only one way is up. Um, it was another good way of going okay. Um, we've got to trust our systems and trust what we're doing. And, uh, and from there we built a rapid.
Um, at the moment we are at, um, uh, where a security and I think we will, we will be with our, with our planned projects at the moment will be an independence early next year. Um, and I think my, my goal is to be abundantly. I think probably to two years, time to three at a time. That's fantastic. Well done.
That's really, really great progress. And just another element of step two foundation is, is the debits process. So we encourage all of our members once a year, just to review all of their outgoings and see if there's any savings there. Was that a process that you, uh, you went through at the time Rupert?
It was. And, um, interestingly enough, um, I'm pretty good at managing our finances. Um, we're pretty careful what we do and what we sign up to, but even then it was okay, well, I'll go through the process. I found probably two, 300 pounds a month savings. And, uh, so, uh, out of, out of nowhere, really. So it was quite good just to think.
Um, yeah, so to go back and analyze and just, and I'm sure anyone. I can find something. Yeah. Now the key question is what did you do with those savings? Rupert? Did you put those into some wealth building activities? Probably not. I probably ran out,
well, I suppose it does because everything builds. Um, we had a person actually building a company and building products. So what we do is we just reinvest all the time. Uh, and because obviously if you're. Uh, when you haven't got a lot of other extra income, you just reinvested and that's the great thing about having a sort of plan forward is that yeah, it might not be as good at the time.
Obviously well-invested and building assets, um, it'll, it'll reach fruition and, you know yeah. The benefits most definitely. Okay. That's great. So step three is the final step in, in our foundational stage. So this is what we call a roof and you'll be very familiar with the roof Rupert. And were you able to review each aspect of your protection, so ensure that everything was in place for you and your.
Yeah, it was more like a chicken voice. I actually had, um, pretty good sort of group. When I joined wealth porters, I'd done some LPAs from my parents and through that process learned about them and we'd done them ourselves. And they've just going through, um, we'd also done the same with a wheel process, although they weren't, they were quite simple.
Um, so I'm actually, I'm at the moment. I'm just going, going through that process and, uh, structuring them with some, in some trusts and making them more secure and, uh, um, Building, you know, it is about legacy building. And we also, um, set up our company with our daughters as, as, uh, non-voting shareholders as well.
So I'm covering that roof. Yup. I think we were pretty good. Um, always, always aware that you have to have that sort of, uh, that rainproof cover. Yeah. And that gives you a certain confidence and peace of mind to know that that's in place. Certainly it certainly does. And I think again, Um, I'm astonished by the amount of people that never get round to it or going to get round to it and never do it.
And, uh, yeah. Good. Okay. Moving into stage two and step four is assets. So we know the seven different assets which we refer to as pillars, uh, where you can build your wealth. Uh, which does you already have in, in place Rupert when you joined and, uh, and what other pillars have you been able to utilize since.
It always interests me with wealth builders on the amount of pillars. Uh, and I sort of looked at them and went, oh, I wish I had, I know some people have got all, all sort of seven. And, uh, so it was like a sort of competition around the house. But, um, I did, I have done most of them. And when I, when I look back, I have done sort of, um, invested in businesses through EIS teams.
And, uh, on startups, this list failed. Um, but it's been an interesting process at the moment I have got my main pillar is property. Um, and, uh, the, but we've also got a SAS. Um, so we've, we've started investing through our SAS, uh, which was great. I didn't have that one. The first one will builders. Um, we've sent some money out on loan from our SAS, um, and we've, I've just opened.
A interactive, um, an account for, um, trade trading through the sand, just taking a bit of time in that six months. Um, and, uh, so yeah, it's parting through it really. Um, w of the best in our own business, haven't written a book yet. I've been promised that I might write a book. Right. And what about joint venture, pillar, joint ventures?
I haven't done any joint ventures. We've been actually approached about joint ventures. Um, but I haven't done it as yet. Um, it'll, it'll certainly be something we will be doing, but, um, the time got to be right in the point it's gotta be right. And it's about building trust and, uh, um, building trust with the people that you want to do this.
Jumping into indeed. And, uh, I know you follow some of the processes. We teach around joint ventures, creating your investor document, which we call the 10 pillars of trust. And that's a lovely looking document as we would expect from you Rupert. So moving into step five, then leverage. So we're right in the heart of the roadmap now.
And leverage, we know is. Uh, to wealth building and it isn't necessarily always about financial leverage. It could be your intellectual leverage relationships systems, or just good leverage of your time. So can you provide us with any examples of how you've brought leverage into play to help you build your wealth?
Rupert? I think one of the key things is leveraging other people's expertise. Um, and I think that is a really, really good driver in creating momentum. Uh, and through it, creating asset income, um, The franchise that I joined to do with the property pillar. Um, that day was a great deal of, um, leverage in terms of, of, uh, network, uh, knowledge.
Um, we've been leveraging obviously our money. Um, we are leveraging other people's money cause we were actually, um, having some, uh, loans that we've actually managed to secure for this project. Um, And, uh, we're leveraging our time, um, you know, systemizing our business as well. Uh, which we're in the process of doing so we've got, uh, um, some, um, VA's from the Philippines.
So we're, we're leveraging our time through that method and systemizing that. So it's, uh, it's a whole basket of leveraged. Really? Yeah. Uh, great examples there. Yeah. Okay. So now we're into step six, which is your strategy. So you've said your primary pillar is. Um, so there are many, many strategies we know with each of the pillars.
Um, so what's been your primary wealth building strategy. And what other strategies are you also now looking at? Well, the primary one is, is, is ancient modes. We have been in property a fair time. I'd say we, because, um, my wife is in my company and we very much worked together as a partnership. Um, we have done with the dumpster buy-to-lets in the past and we've done, um, a.
Uh, some good refurbishments and quite a big development in London, um, which gave me some great seed capital. And we, we actually, through the process I was describing before of actually trying to analyze what you do and where your strengths and weaknesses are. Um, and something that's going to create dramatic income.
Each of those did tick those boxes. Um, and through. Learning about other peoples, um, a friend of mine who is, who is doing very successfully. I basically followed his methodology, uh, and joined the franchise, um, a very good system of just putting me in the right place with the right knowledge and the right skillset.
Uh, and the right backup to do it properly, right from the word go. So you're not making any mistakes and you're wasting any money. Um, that's, that's proved very successful. Um, and, uh, the, the second pillar really is, is, um, as Paul described Paul, um, uh, Ambrose, as long as know. Which is, which is the capital projects and those on the side to our asset income.
And that's the great thing about property that you can actually follow different, different directions for different outcomes. Yeah. Mean, we were just chatting before we started recording here and I was asking you, you know, how did you fare during, during the COVID periods with, uh, you know, tenants moving out and things like that.
And because of your solid strategy there, you, you told me that, you know, you haven't been affected to. Um, we were all concerned about it. Um, obviously I know from quite a few colleagues that that depends on the area you're in. Um, I have some colleagues with houses near Heathrow, airport and Gatwick, and they had an amazing fall off.
We were fortunate. Um, it, it does, it does have an indication go back to. The preface you follow and the quality of what you produce and fortunately our tenants, because there is a great deal of competition. Um, certainly what we've, what we produce is tenants are quite reluctant to leave our houses. So they, the only income that the only, um, uh, effect we had was actually a couple of people that went back to their parents, but they didn't, they didn't move out of their rooms.
Um, so I was looking at our figures for, um, uh, Uh, the tenants that were with us. And I think we went from 99 down to 97% of when. See, I went back up at 99%. Um, so we're pretty, we're pretty happy. Um, and also just, you know, it was all sort of giving something back. I mean, um, we supported off of cleaners, even though we weren't cleaning our houses through COVID because it was part of the process of trying to get a group of people together.
That one, our tenants, obviously that we actually look after very much, um, going forward. And also the people that you, you can, you came around you to also look after your VAs and your. And to make sure that they're looked after. So it becomes a bit of a family. Really? Yeah. And you'd like to think that you get that respect back right.
From, uh, from them in terms of looking after the properties and, uh, you know, being, being a good tenants as well for you. It is it's it's um, I know landlords take different approaches. A lot of HR is all about asset income. It's all about the money. It's not about the. With us, it is partly, but we actually creating really nice products and creating good communities where people actually thrive.
And you get a great deal of pleasure from the sheer fact that your, your enabling people who are in sometimes quite difficult substance or in the start of their careers, or trying to find themselves a nice place to live. And we've, we've got, we've built some great communities. Um, It's not just about the money.
Yeah. Some good values being demonstrated there and, and we've seen your properties Rupert. They do look absolutely fantastic. So well done on that. Um, moving into step seven now. So we're on stage three, this thought about building assets and step seven is. The way to wealth. So once someone has chosen a strategy, the key is to follow the wheel of wealth, and that means education, support, connections, due diligence, and then taking guided action.
So this is where our wealth coaches are there every month to help you stay laser focused and turn the wheel. So what benefits have you gained Rupert from following this process and having that accountability from your coach? Coming out of that sort of career where I've, we've been sort of fairly, very driven and very focused and sort of, you know, you have to be some determined and tenacious.
Being a film director and because the buck stops with you, I'm all the big projects. Um, and it's only really from coming out of that career, um, on, uh, not being in a sort of normal corporate sort of structure. But, um, I realized the I've realized the value of coaching and I probably couldn't do it right in late.
The one thing that really struck me was, was when I realized that quite wealthy sort of famous, um, Also had coaches. I never really realized that. And I thought, wow, that's, that's really interesting. Why would they need a coach? And I think it really just, they're down to remaining focused on your vision and it's maybe the subtle things that coaches can give you or, or, uh, maybe it's just a bit of guidance or a little, even a bit of a pat on the back, or even just to check where you are.
Um, and so it's an absolutely invaluable. Last year. I had two coaches. I had my Bronwyn, who I knew before actually joined, uh, uh, wealth builders. And she's been great. She's very much in the property, uh, area that we are. And therefore you can talk to them about specifics and also, uh, we have a good chat and she's really equally interested in what we're doing and just says most of the time she says, great, just carry on.
Sometimes I've I've him specific things, but. Uh, it's been, I can't overemphasize, I think how important coaches are. And I think if, if people aren't engaged, they really should engage and find a coach that really suits them. And I think it's down to personalities. Yeah. No, no great, great words there. And just to pull out another aspect of the wheel of wealth, which has connections.
So how have you found the connections within the wealth builders community be that you know, your peers in the program, but also other professional connections along. Um, again, I think the power of the network is your net worth. I think it's a very good, uh, um, statement. Um, you, I, I don't, I sort of dip in and out of wealth builders.
Um, I know some people are very, very engaged with it. I'm not as engaged in some, but I do for, you know, um, Sprite to, I suppose, what I do have is, uh, a good body group. Um, and we chatted on a monthly basis. Um, sometimes more. And it's always a really good, um, informative and, uh, um, very invaluable actually.
Um, it's been great. It's been really good, sort of engage with them. So that's great. Um, it's always, you know, I dip into the Facebook group and what's people's going on and all the time and going, oh my God, you know, everyone's saying a lot better than mine, but, but that, but that's the power of passion.
Not doing too badly. That's good. So I think it's great. I think that the community sort of hopefully just, um, pulls you forward. And I know you just mentioned before I chat that, you know, some people do find it very difficult initially to, to realize it, are they going into momentum in that first six months, first year of being there and then sometimes you can't, sometimes you don't realize what you're getting out of a situation after network, and sometimes it's a bit more.
But it's part of your growth. And I think, um, you know, coaches and, and being in part of a network is fantastic. Yeah. You have to give it time. Don't you, you can't expect miracles immediately. And, um, you know, we see that a lot, you know, the first 12 months is, is foundational. Sometimes it's just getting clear on the plan.
It's perhaps trying one or two things and they might not work first time, but year two, year three, year four. That's really, when you're going to see that momentum building, I think you hopefully would agree with. It's about molding being molded by a I system, I suppose, in the. And a plan and an action plan, but also just trying to find yourself and, uh, and how, how you react to certain things and what you like and what you don't like and what you're good at and what you're not good at.
And, uh, I think, you know, the more you learn, it's all about education and I think, you know, guidance as well is incredibly important, but, uh, yeah, you've, you've got to educate yourself. Important stage one of the wheel of wealth. Absolutely. So let's move into step eight, then this is results. So let's look at some numbers.
We encourage all of our members to track their progress every 30 days using the wealth chart and by completing our monthly progress report. So you've had a good few months recently, Rupert. So what did you do? And, um, you know, how much additional recurring income is, have you added or are you about to add to your thermometer?
It does go in cycles. If you have months where nothing really happens and you're patterning away and then sometimes, and then obviously the, it reaches fruition, hopefully. 1,000 and then suddenly your thermometer edges up a little bit more. And the one thing about doing the 30 day reports is you get to the end and you go, well, what have you increased your income by?
And you go, well, nothing and the months go by and you go, fuck. You know, it'll happen soon. Um, So it is like taking a step the next step up the next step up. And, uh, we've gone from a defensive of insecurity when we first started. Um, we probably have had about four and half, 4,000 pounds of those income. Um, don't let, we've got up to about sort of six and a half.
And then that, then I think next, next, early next year, it'll be probably just short of 10. So, um, per month, which is. Which is good. Yeah. And that's, as you say, that should be taking you near enough to your independence, Staker, and, uh, and that's an amazing achievement, you know, the 5% Rupert, it is the 5%
let's turn those wheels a little bit faster. Okay, great. So step nine final step in a recurring revenue. Is accelerate. So this is really repeating that process of choosing your pillar, choosing a strategy, and then finding your points of leverage. And you will move towards a place of financial independence.
If you just follow that process. Now, for most people, the journey from financial insecurity to financial 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 those necessary steps to reach your own financial goals? It does take time.
Um, I think, uh, it probably has taken five. It probably will take about five years, maybe slightly longer, um, from the starting point. Um, and I think the, really the thing is sustain, keep learning and stay humble and, uh, and stay true to yourself. I mean, we're building this, you know, it's an ethical brand and how we do business.
And I think when you develop a new. Strategy where new business new find a formulate a new way of, of working on a new area. Um, it's important to believe in what you're doing and, um, yeah. Build relationships, build relationships with people and trust what you're doing. Um, the repeat process is yes. The great thing about, um, if you, if you do have a niche or are issues HMO, Um, we started at quite a high level.
You can repeat those obviously. And, uh, it's really, depending on finding your area and being smart about how you, how you build your business and not just piling into an area, which is looks good at the time. But then you've got to have a long-term vision, a long-term goal, uh, and always, always have a plan B and a plan C good words.
Good words to leave some there, Rupert, thank you so much for sharing your story with us today. Congratulations and well done. We're looking forward to continuing to support you and ring that bell when, when you hit that independence figure. So. Thank you again. Kay, fantastic hearing from Rupert there. And like so many was, you know, in an industry that's changing and, uh, you know, had children, young children, the costs involved with them, of course.
And he knew he needed to do something. So that kicked off his education and, uh, and you know, the rest was history from there. So. Lots of lessons to dig into before we do that, Kevin let's roll over to Trustpilot have looked through the latest reviews and I really liked this one, actually, it's coming from Erica this week.
And. Erica says, hi everyone. Just a quick post to say how grateful we are to found this community. We were already retired early. Thanks to our pensions. When we met Kevin Whelan, since then, we've embarked on this new wealth building adventure. Joining the academy in July. Our primary pillar is property and SAS is definitely a future goal.
In the meantime, we took the opportunity to review our existing set pension arrangements, a straightforward review with IFF. Andy has delivered stunning results and annual saving in charges of 15,000 pounds for just a couple of hours of our time. That's a significant additional compound fund growth just by changing provider in line with our existing objectives and risk profile.
Absolutely brilliant confirmation that there are multiple levers to be pulled and the best confidence booster onwards and up. Wow. What about that one? I love that. Well, you know, we talk about in wealth building that you've got the accelerator on the brake and are neutrals. The accelerator is building your own capability, your confidence and your ability to add more value.
And that's great. But when you've got a pension, as Erica has mentioned that, which is a sip, which is a. Basically a personal pension with a few extra whistles, but those whistles for her were expensive in the context of all she was holding was stock market. And when you understand that technology can drive the cost of burning money down, and we're able to bring that through our connection, who's a qualified IFA.
Then those savings are massive and she's right. You know, you compound that over time. Or even if you just took one year, that's 1,250 pounds more money per month, you know, that's a huge sum of money, 15,000. So I'm glad we were able to bring that and I'm sure we'll be able to do even better as we get to, to know Erica, and to watch what she's planning to do is she says she's going to pull more leavers.
And, uh, it's interesting that, you know, Rupert's been pulling. Uh, many leavers as well as, as well. So I'll just mentioned quickly. I'll see Erica's in our academy. So it's very per so, you know, if you're looking for support, looking for help, looking for a community, do go and check out what we offer inside the wealth builders academy.
And you can do that by heading to welfares.co.uk forward slash academy. Um, so yes, as you say, Kevin Rupa has been pulling leavers and, uh, Coming back to the beginning, which is, you know, education is the first step in the world of wealth. We know that. And, um, for Rupert, he mentioned rich dad, poor dad that is often light bulb moment for so many people.
And then of course that led to, uh, to, to meeting you Kevin, um, and the 5% that really connected with. Well, it's an interesting number, isn't it? I mean, we were doing some research just the other day. Uh, when you, me and Neil Morgan, uh, co-creator with, uh, with us of the families, well build a program for families and we've just double checking what the national stats are.
For the average value of pensions in the UK. And we were shocked when we had and stunned at how low these values are. And, uh, and therefore it's so important that, you know, you get on, you get on in and make as many new connections as possible. And you educate yourself well to, to take responsibility for your own journey because so few people.
Uh, doing that. And a Rupert wants to be part of the 5%, not the 95%. You don't make it. And, uh, wow. Most people don't make a big star. You know, they're not just what short of, uh, independence they're way, way shorter security as well. So it's a shocking realization. Uh, how few people actually make it yet. We know.
There's a tried and trusted process to do it. And on average, it takes about five years. And on average, it takes about a day a month. And you don't have to have loads of money because we have so many ways to create money, which we mentioned throughout the program grows from debit to a little bit on the side to understanding the power of leverage and how you can borrow assets from other people.
I can create value. With other people, there's so many things you can do. And, and Rupert was very clear him and Kate as to what they wanted to do when they squarely nailed their thoughts on the HMO, which is that sort of young, professional, high quality, a young market where we're impressed with how he's just kind of really, whether that COVID storm with that strength of community and looking after his team.
I mean, how impressive. Yeah, certainly boss and, uh, you know, systemizing now the business with the use of VA's, which is really smart talks about leveraging obviously his own money, uh, but also other people's money, uh, that led on to joint ventures. He's been doing some loans and we know his creativity, his 10 pillars of trust document, which we've helped with.
And that's gonna help Rupert and Kate become more investible now and, and raise funds in the future, which we know for all property people, right? The funds run out at some stage. Well, exactly right. And that's just resourcefulness. There's no lack of resources. It's just, how do you harness your own resources and tell your story in a better way and where a story.
Linked world. We live our life through the lenses stories. We tell ourselves really come from social media and the press and everywhere else, but they've created their own story to tell to other people. And I think many, uh, investors who are looking for something better to do will gravitate to people who have a great story to tell and a great journey.
To go on and they want to join them on their journey, even if it's a few steps behind. Yeah. And, uh, you know, let's focus on those results. I mean, Rupert sheds the numbers there. Um, you know, starting off at insecurity now very much firmly at security and, um, moving to independence early next year, that will be around about the 10,000 month mark.
He also said it's probably taken on reflection around about five years, which is what we say. You know, if you're focused, you're committed, you've got a clear plan. You've got the right support. It's absolutely achievable. Well, absolutely. And I think the other point about Rupert is as a professional himself, he's realized the importance of the value and the contribution and the intellectual, uh, shortcuts that can be taken by having good people around you, who, uh, yes, you pay, you know, you've, you've, you're paying for coaching and you're paying for guidance of, of some kind or expertise of some kind.
But having that expertise doesn't. Put a siphon in your life that actually empowers your life so that you can create recurring income forever for a small amount of time that you dedicate to somebody else who shows you the why? So the fair play to Rupert Fairplay, the cake, whatever they're doing, you know, I'm so pleased.
He is member of the month, uh, Rodney deserved and a very much hope that, uh, our relationship will go from stress. Yeah, I'm sure it will do. And, um, if, as I said earlier, you would like to join Rupert, Erica and all of our other members, uh, inside the welfares community. Uh, we've got the free community, of course, where a you're more than welcome to join head over to welfares.co.uk for slash membership.
And if you'd like to find out more about the academy wealth builders.co.uk forward slash academy. So we hope you enjoy listening to Rupert's story today. And Kevin we'll catch up same time, same place next week. Yes. And to learn my friend. So yeah, 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. That's Wells builders.co.uk/membership.