What impact would you like to make? Co-founder and director of Cornerstone Place, Richard Kennedy, is on a mission to use the power of business models and capital to create sustainable, positive social change. Cornerstone Place is a social enterprise that aims to serve charities that provide accommodation and services for people at risk of homelessness. Richard and his co-founder David have a vision of creating 5-10 million bed nights for the homeless. Social enterprise businesses are trying to change the world for the better. Like other businesses, they aim to make a profit, but what sets them apart is what they do with their profits - often reinvesting and donating profits to create a positive social change. So often people become fixated on chasing the money and hitting financial targets but Richard’s message is that you can think about ‘what good can I do for the world?’ whilst still making profits. Tune in to hear Richard’s thoughts on why it's never too soon to prioritise social impact.
What impact would you like to make?
Co-founder and director of Cornerstone Place, Richard Kennedy, is on a mission to use the power of business models and capital to create sustainable, positive social change.
Cornerstone Place is a social enterprise that aims to serve charities that provide accommodation and services for people at risk of homelessness. Richard and his co-founder David have a vision of creating 5-10 million bed nights for the homeless.
Social enterprise businesses are trying to change the world for the better. Like other businesses, they aim to make a profit, but what sets them apart is what they do with their profits - often reinvesting and donating profits to create a positive social change.
So often people become fixated on chasing the money and hitting financial targets but Richard’s message is that you can think about ‘what good can I do for the world?’ whilst still making profits.
Tune in to hear Richard’s thoughts on why it's never too soon to prioritise social impact.
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Unknown Speaker 0:01
The purpose of wealth talk is to educate, inform, and hopefully entertain you on the subject of building your wealth. Wealth builders recommends you should always take independent financial tax or legal advice before making any decisions around your finances.
Christian Rodwell 0:19
Well, welcome to episode 162 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders. And I'm joined today by my side by Mr. Kevin Whelan. How founder?
Unknown Speaker 0:30
Chris, I'm not sure I've been burned. You see those legs of yours?
Christian Rodwell 0:33
A couple shorts on today.
Unknown Speaker 0:36
I know it's summer Oh,
Christian Rodwell 0:37
was sweltering in
Unknown Speaker 0:38
New York caterpillars call him up and down. So very off putting what we got to talk about today.
Christian Rodwell 0:46
We're talking about impact today certainly had an impact on me. We've invited special guests, Richard Kennedy, who's the co founder and director of Cornerstone place. And we've been working with Richard for for some time now. And a client of wealth builders. And Richard very passionate about social enterprises, and rightly so. So wealth isn't always about focusing on the money. And Richard definitely nailing that message home today.
Unknown Speaker 1:11
Yeah, unquestionably the case. I mean, it's all about balance. And dealing with wealth that wealth appears on many planes, at different levels. And you, when you build your wealth, you go through a journey of transformation. And part of that transformation. Kind of links a little bit to the, you probably remember the episode quiz, where we did the Lebanon revise,
Christian Rodwell 1:32
yes, Episode 55. That was linked 50
Unknown Speaker 1:35
show notes. So impact normally appears later in the whole continuum of you know, working out. First of all, things like overcoming inertia, reason to overcome inertia that starts at level one, when you're trying to find your reason why, return on intellect, learning, return on interaction, building relationships, building connections, feeling part of the community. And the return on impact tends to come much later. Usually, once someone has got to a level of security or independence, and then they're switching their focus to the impact on the world, you know, are you leaving the world in a good place? How do you feel about that, you know, where does that rank on what you're trying to achieve in the long term. So it tends to appear much later. But what Richards done, is brought that impact front and centre, as he's building wealth, and I think it's a very clever way, and a very insightful way to do it.
Christian Rodwell 2:40
Yeah, so in essence, social enterprises are businesses that are changing the world for the better. And like traditional businesses, they aim to make a profit, but it's what they do with their profits that sets them apart. And that's generally reinvesting or donating them to create a positive social change. And we'll hear from Richard as to his experience, and obviously, the wonderful work that he's doing with Cornerstone place, which is all around homelessness.
Unknown Speaker 3:04
Yeah. And that's obviously something that struck a chord with him and his business partner, David, as well. And he speaks very eloquently about it. And fascinating when he talks about the number of nights, the number of almost the number of nights people sleep under the cover of a roof that has been provided to them with care and consideration. And I think it's very wonderful thing that they're doing.
Christian Rodwell 3:30
Yes, let's not wait around. Let's head over to our conversation today with Richard Kennedy. Richard, welcome to our talk today.
Unknown Speaker 3:36
Thank you, Christian, absolute pleasure to be here. Thanks for inviting me.
Christian Rodwell 3:40
No, no, it's a real pleasure to have you. And you know, we love seeing you out and about the various events and certainly more recently at ECWA events, just outside of London. And today, we're talking about social enterprise and the great work that you are doing in that area around property. And you've been working in social sector since about 2007. I believe. So be good to have a brief background as to what got you into this why you're so passionate about this topic.
Unknown Speaker 4:09
Cool. Thanks, Christian. Yeah, so just very brief, but my first career was in restaurants and, and I decided, you know, when my first child came along that that actually making money for shareholders was not my primary objective and calling in life so I actually went did an MBA and did that in in Cape Town. I was born in South Africa. So was was nice to go back to South Africa, did my MBA in Cape Town and discovered on the MBA this amazing thing called Search enterprise and I really enjoyed business. I enjoyed managing a p&l Understood, you know, sales up a little bit and put the cost down a little bit more and then you get much more the bottom line. But like I said, it was lacking this Purpose and Social Enterprise is essentially a business a trading business that generates its own sales revenues. But ultimately, its purpose is to create impact. So I then spent started about 2007, working for a social enterprise in London and a charity and, and we ran a, what was in the very early stages of the social investment sector of venture philanthropy Fund, which is, you know, for for the investors in the room is a is a minus 100% return. So you give the money away, but you use investment principles to think about how you're going to get that, you know, that money is going to have an impact, and did that for a number of years. And then and then became, you know, with with business, it's really important, obviously, that you manage your bottom line with if you're, if you're a charity or a social enterprise, what's really important is the impact, right? So, charities and social enterprises should be as good if not better than the private sector and measuring impact should be as good as measuring impact as the the for profit sector is a minute managers managing cash and profit. So I became a bit of a geek in terms of impact measurement and became what's called a social return on investment practitioner. So worked with charities up and down the country to help them to measure and understand their impact and hopefully through that, improve it and and then ended up on various boards, including social rally UK, which is the National membership organisation for people who are focused on on measuring impact. And I'm still co chair of social planning International, which is a sort of international federated sort of membership body. So yeah, it's been in Moran meandering career, and, and I've always invested in property alongside my sort of social sector work. So I'd use nine to five for impact. And then I used all my time on the train commuting to London to find deals and my weekends going and looking at sites and managing builders and all that sort of stuff. And, and it's a bit of a kind of split personality. And so I guess about five or six years ago, I started thinking, Is there a way I can do property on impact at the same time? And and I guess that's when constant place, you know, started to come into fruition? Yeah.
Christian Rodwell 7:08
So want to find out all about Cornerstone place in a moment. You've mentioned impact there several times, Richard, what do you actually mean by impact impact where and to
Unknown Speaker 7:17
go? So just to be technical on the kind of social return on investment side? We're talking about externalities, right? So it's, it's things that sit outside of your core activity. So if your core activity is selling burgers at McDonald's, what are all the things that happen outside of that, that have an impact? And, you know, if you're a oil company, you know, you're gonna make money from selling oil, but you're also going to dig a really big hole in the ground, and you're gonna make a mess. And so you need to think about what those externalities so when I think when I think about impact, I should probably have said positive social impact. And, and so what I'd like to see in the charities and social enterprises that I've worked with over the, I guess, decades, is is looking at what is it that we do? And how do we have a positive impact on the people that are around us? And I this is this is wealth talk. And this is about, you know, how do you maximise wealth, I would sort of challenge your listeners that actually, wealth isn't just about money. It's about well being, it's about self esteem, it's about community, it's about relationships. And actually, you know, if you've got lots of money, and you've got none of the other things I've just mentioned, then you're probably going to be much more unhappy than if you've got all of those things. And a little, you know, obviously, money is really important as well, it does, it does make things a bit easier. Yeah, hopefully, that's sort of a bit of a bit of a big, big topic on cover. And a podcast,
Christian Rodwell 8:48
I think, is interesting, because so often, you know, people can become a bit fixated, perhaps on the money right on hitting that financial target, whatever it is, for them to become financially independent. And I think your your message here is that you don't need to wait until that point where you've got all the money, and only then you start to think about, well, what good can I do in the world, but you can start thinking about that right now and also make money alongside it.
Unknown Speaker 9:15
Yeah, absolutely. And as an investor, we should be an I'm an investor, I've got SAS, you know, invest in various things as well. You know, we need to be thinking about that, when we make those investments are, you know, through the core activity of whatever it is that's happening, what the our investment is enabling, is that core activity going to improve the world, leave at the same make it worse. And I think as an investor, we should be particularly when you're thinking about SAS and pension and long term money, we should really only be investing in things that are going to make the world a better place over the longer term. Because if if, if you think about the macro view, if the whole world is investing in stuff that's gonna make the world worse, then who cares what happens in 20 3040 50 years when you when you retire, because it's not going to be a very nice world to retire into. So we should be taking our long term money and investing it in something that's going to make the world better. Not worse. And absolutely, which Yeah, it's never too soon to be thinking about that. And I think, you know, the younger generation are doing that, I think if you talk to people in their 20s, you know, that they understand that, that actually, you know, that it is important to think about those things, and we shouldn't be investing in things that that damage the environment or, or communities.
Christian Rodwell 10:34
Yeah, so let's look at the impact in particular that cornerstone place is having. So tell us about the company, and you know, the good work that you're doing there, Richard,
Unknown Speaker 10:45
Thanks, Christian. So, so Cornerstone places a social enterprise, you know, we are, our primary object is to serve charity charities that that provide accommodation and services for people at risk of homelessness. And we effectively develop properties bespoke to those those charities, you know, we ask them what what it is they're looking for, and and we try and find that in the market or develop it for them. And I think what's I guess unique about what we do is we then ultimately, we don't want to be long term landlords, we want the charities that we work with, to own and operate those assets. So we take a bit of risk upfront, we find the science we develop them, and over the long term, we want those charities to end up owning those assets. And the reason for that is, is what we find is the smaller charities and social enterprises, you know, often don't have the expertise to do developments or bigger, bigger projects, and also the reserves to fund them and you know, that our property, investors in the audience will know will know that, you know, you can't get into property without putting down reasonable deposits. And, and so what we do is we help those organisations understand and get involved in the property sector, but we take all of the risk, we raise all of the money, and then ultimately, in the end, they end up owning it. And what that does is it concentrates the return on the charity rather than on the owner, the asset owner, and we want the charity to be the asset owners, we want them over the next 2030 4050 years. We want them to get the capital growth, we want them to get the cash flow. And I think through that will create a more sustainable, you know, accommodation, homelessness support accommodation sector.
Christian Rodwell 12:34
And when you set up Cornerstone place, did you have a vision? Did you have some targets and goals that you wanted to achieve?
Unknown Speaker 12:41
Yeah. So, so my co founder and I, David, you know, we, we first met each other actually, in in 2017. And started thinking about this. And, you know, obviously, my, my background is in the social sector and thinking about, you know, sustainable business models that that have an impact, David is kind of more of a developer, more traditional background, but he does have his version of lived experience in them in the, you know, the homelessness space, a close member of his family was affected by by homelessness during his 20s. And so he has a real calling to do something about this as well. And when we started thinking about what our big goals were, we kind of, we'd like to create 1000, rooms, flats, units, houses, whatever that number is, but, you know, a combination units, that's our, that's our goal over the next probably four years. But But I think it's, you know, the important thing for us is how, how many people sleep under our roofs every night and, you know, our kind of goal there is, you know, five to 10 million homeless bed nights. So every night someone spends a night under our, under one of our properties, you know, then then that's one and and then adding up that across all of the different sites and units that we develop, and, you know, we're doing doing okay, we've got kind of about about 130,000 ish locked in. But in our pipeline, there's about there's about three or 4 million in the pipeline. So it's going pretty well. And ultimately, that's on one level, it's quite sad that there's so such demand, but I think having come out of the back of COVID. And I think now with the you know, the cost of living crisis and interest rates going up, that's creating a lot of pressure for for a lot of families around the country and, and a lot of the local authorities that we talked to are expecting this tsunami of presentations over the next three to six months. So it's so it's, you know, it's not that there's this opportunity, but I hope that we can deliver that and support those charities and those people so that so that we can create that that sustainable change for them.
Christian Rodwell 15:00
Can you tell us about some of your current projects? Richard? Sure, yeah,
Unknown Speaker 15:03
we've got, we've got a, you know, a one in development at the moment, which was, it's our first site actually, that we're working with a local authority, so that we're renting that from them on a long term lease, we've got another site in Greater Manchester, which we're really excited about, it's, it's going to be a new build, it's going to be net carbon zero, you know, from an operational perspective, we expect the unit's there are going to be we hope between 102 100 pounds a year to heat, and obviously with utility costs the way they are at the moment, that is fantastic. And then we've got a couple of bigger developments that are that are further down the line, you know, that were just put in planning for one that's for 63 units. And we've got another one that we're in detailed legal discussions for another one, that's about 35 units and housekeeping, David and I are very busy, and we're sort of up and down the country, you know, virtually, and and in person talking to charities to try and meet the their needs to, so they can support their beneficiaries and build communities.
Christian Rodwell 16:10
Yeah. And you mentioned, David, obviously, there any great business has a great team behind it, I believe there's some other known faces to wealth builders, who also became
Unknown Speaker 16:20
Yeah, so mark, and Nigel, are our directors as well, and shareholders in the business and do a fantastic job with us and help us I guess, strategically, but also, they get, you know, get in the weeds, if any, to if there's if there's an operational challenge or difficulty, then, you know, they roll the sleeves up and help us with that as well. But it's great having having that that that rigour and that challenge from from a couple people who with with their experience, background, and of course, values.
Christian Rodwell 16:50
Yeah. Now, how do you get your funding Richard have say, to hit these big goals? There will be some some fun, yeah. Where does that come from?
Unknown Speaker 16:59
Well, property is expensive, as we know. And it's and it's, yeah, it's getting more and more expensive. And unfortunately, with interest rates, it's getting more expensive to fund as well. But we work with with with sector lenders and lenders that share our values and are hoping to create impact with us as well. So we generally get that, as most developers do the majority of the funding from senior lenders. And then the balance is made up normally through social investment. There's a number of different social investment funds that we work with across the country. Where possible, we can get grants from, from grant funders. And we're also exploring a number of projects with named England at the moment. And we've secured some asset, it's terrible, terrible acronym, but roughly a combination programme, and it's part of a department levelling up. programme, during COVID, we've secured a significant sum from them for this new build sites in Greater Manchester. So it's that kind of blend, it's a bit of a challenge to raise that whole capital stack. But that's our offering to the charities that we work with is you don't have to raise the money, we'll raise the money. And then we're also working with Big Society Capital, who are effectively the Bank of England, but for the social investment sector. They, they they fund social investment funds, so they're a co founder of social vestment funds. And we're working with them to develop a shared upsides Investment Fund, and yeah, that's going really well, they've been highly supportive, where they're introducing us to a lot of potential investors, but also helping us with the what the structure of that fund will look like. And, you know, introducing us to the model people who can model these sorts of funds and think about the risk and, and the governance structures and all of those sorts of things. So hoping to have more to share about that in the coming months.
Christian Rodwell 19:04
And if anyone's listening, Richard, you know, as a private investor, is there a way that they can become involved in this too? Yeah, we do. We do.
Unknown Speaker 19:12
You know, there is definitely a space for private investment. And we have taken private investment in the past. Yeah, absolutely. We're happy to hear from people. I mean, at the moment, we're not seeking anything for any of our our projects, but never say never, it's definitely would be a social impact investment. If anyone was was looking to find a place for some of their capital. That's that's going to have an impact, then. I'm obviously very happy to have a discussion at the moment. We're not We're not looking for anything, specifically, but always keen to talk to other investors and happy to happy to do that. Yeah.
Christian Rodwell 19:45
And you're chairman of social value international as well. Richard, how are you seeing this industry changing over the last few years? And where's it heading? What are some of the big things that you're looking forward to?
Unknown Speaker 19:57
Yeah, I mean, I do think you know, The so I'm co chair of social value International, which is a I guess the federated, you know, lots of different countries are members of social, international, we've got members, 1000 members in 25 countries around the world. And the mission of social value International is to change the way society accounts for value. And going back to what I said earlier. You know, there's externalities in everything that we do, you know, in our, in our conversation now, Christian, you know, our laptops are plugged in, and we're using electricity and all of that all the rest of it is excellent. Everything that you do has has externalities. And what social value international wants to do is change the way that society thinks about accounting. And at the moment, society generally only thinks about financial, and I think we're trying to work with, with organisations around the world to increase that, that view across outside of just money into other other things. And we're working with great organisations around the world, including people at the UN and, you know, big standard setters around the world. And, and I think people are waking up to the fact that that actually, you know, business, as usual, doesn't really work. And over the long term, it's not sustainable. And I think, you know, you're seeing a lot of ESG funds in the market. Now. I think early on it became it, there were sort of negative flags, so we won't invest in, you know, tobacco or oil or arms. Now, they're starting to shift a bit more towards positive bias. So looking for things that actually have a positive impact rather than stuff that just doesn't have a negative impact. And I think people are realising that, that this is a much more sustainable way of investing. And like I said earlier, I think for, for pension investors and pension funds, you know, the big pension funds, this is more and more important, they're looking for long term sustainable income, but but that also has the very least no negative impact, and hopefully it has a has a positive impact as well. So I hope it's shifting. I think government regulation needs to follow a little bit. But I do think the world is waking up to that there's more to life than than just money. And actually, if you take money and the other things together, then you get a better picture.
Christian Rodwell 22:22
Yeah, and we've talked about the bigger picture there. But I just really liked the message that hopefully will resonate with anyone listening now that you can think first about the impact, and then look if something will work financially.
Unknown Speaker 22:33
Yeah, absolutely. And I think you know, what, what Cornerstone place is about is, is really being impacted. So are starting places, what is it that the charity needs? What is it that their beneficiaries need, and we will work with interior designers with, you know, psychologically informed environment training to think about how we can create the best atmosphere for that beneficiary, then we think about how do we make this work? And then we think about how do we fund it? And you know, what kind of impact on humanity lead, rather than rather than financial?
Christian Rodwell 23:03
Yeah, and I guess, you know, many of those opportunities just simply don't work. Right?
Unknown Speaker 23:09
Absolutely. I mean, it just, you know, and I know, we're preaching to the converted, but you know, you know, when you analyse a normal commercial conversion or property deal you might do and I did in my time, probably, you know, you do 50, for every one that that gets across the line, well, it's probably the same. If not, it's probably, you know, the ratio is even worse, because there's this nuance around impact and sustainability, and all of those other things as well. But yeah, you've just like anything, you've got to you got a hopper, you've got to put in, you know, all of the opportunities in the top work out what your what your metrics are, and what your important the sort of red lines are. And then And then, you know, put enough in at the top that some drop out at the bottom. And David, and I've been working really hard over the last four, four or five years to, to ensure that we can start delivering. And now seeing seeing the fruits of that.
Christian Rodwell 23:59
Yeah, well, congratulations on all your success. We love the work you're doing, Richard and if somebody would like to get in touch, what's the best way for them to do that?
Unknown Speaker 24:07
Yeah, sure, the best thing you know, it's all websites always hopelessly out of date. But, but you can find out more about us on our website, www dot Cornerstone place dot code at UK. And then on there, there's a contact form. So feel free to if anyone wants to know anything further about us or get in touch or join our mailing list, then leave the details there. And that goes to both David and I and we'll follow up and, and hope to continue the conversation with anyone who's interested.
Christian Rodwell 24:35
Wonderful. Thanks for being a great guest today, Richard.
Unknown Speaker 24:37
My pleasure. Thank you for having me. And yeah, fantastic to be part of this and I'm a fan as well. Listening.
Christian Rodwell 24:46
Okay, great conversation there with Richard. So we will look at some of the points discussed in just a minute Kevin. Before we do that, let's head back over to Trustpilot and pull out one of our reviews from the last seven days and This one is from Lee. And Lee says around five years ago, frustrated with the performance of my various pension investments, I set out to explore my options for a better solution. Having spent a career in financial services, I was acutely aware of the need for comprehensive due diligence, so I conducted extensive research around potential products and providers. In the end, my decision to work with Kevin Whelan and his wealth builders community was an easy one to make five years down the line, I'm delighted to say that my decision to go down the SAS route with the wealth builders team has proven to be one of my best it has delivered on so many fronts, not least of which autonomy value and security. It has also helped me to create a lasting legacy for my family, which they will be able to build upon in the years to come. For me, the wealth builders community exhibits the highest standards of professionalism, with a tangible sense of quality, integrity, and knowledge running consistently, throughout all my dealings with Kevin, his team, and community members. Thank you, Kevin, and team for your fabulous steer to date, things are so much easier with trusted partners at one side, as my mother would say the proof of the pudding is always in the eating. Indeed it is. You need a rest? Well, what a review, I think as long as room well said with sincerity,
Unknown Speaker 26:18
no, I'm sure he did. And of course, Lee's a fantastic person, and we still have a relationship with libre, you could hear some of the words mixed up in there, that echoing the words of Richard, you know, the multiple layers, autonomy, security, family legacy, you know, all of those things. And it's what I said in the beginning, you know, wealth exists and manifests itself in many planes, many levels, many ways. And Richard did a great job of describing not just his motivation, his reason to overcome inertia, but also very clever question, which is, how can I be doing something that I want to do to build my own wealth? But to also make sure it has an impact as well? Very good question.
Christian Rodwell 27:05
Yes, yes, obviously, you know, very experienced in the social sector there and also experienced in property. And yeah, he asked himself the question, Can I do property and create an impact at the same time? And it's a good question for, for anyone listening to think about really, you know, what's the impact that you're having, and that you're making? And I know, we've talked about this before, when it comes to investing, it's about, you know, really understanding what what your interests are, you know, what's the impact you want to make. And there's different ways that you can do that
Unknown Speaker 27:36
applies to every pillar that we think about, it can give an example of how you could leave the world in a different place, and was interesting the choice of language, which would use that the outcome from any business or any venture can either leave in the world in the same place better or worse. And his decision is how to make it better. But you could apply that same thinking, irrespective of the pillar on which you're building your wealth, irrespective of whether it's investing in the market, or investing in property, investing in a business investing in your home. So for example, with your home capacity, there's been a lot of issues around Ukrainian refugees. So you could make a home or part of your home available to that that would have a positive impact. Instead of investing, just in funds, you could make a decision not to choose to be guided by somebody else, and their view and their view of how funds would perform. But you could choose to align your investments directly with who you are as person, what's important to you what kind of impact and as Richard said, not just about avoiding things like drugs, alcohol, ammunition, arms, those things, but smoking another one, but how could you choose things that are more positive, and I think increasingly, investments are becoming more available that allow you to do that. And a number of ETFs or exchange traded funds will allow you to focus on that sort of aspect. So or you could choose to invest in companies that are themselves leaving the world in a better place. So really, you could apply that in your business. You could be making gifts from your profit, or you could just look at your business and say, Well, how am I using my business and the profits from my business to do good work? So I think there's a whole raft of different ways that we could apply our thinking to make the world a better place. So not just good business, the business for good
Christian Rodwell 29:47
yeah, that long term impact of environment is another area that Richard touched on there with the new developments been net carbon zero as well and that helping to reduce costs. Yeah,
Unknown Speaker 29:56
that's layers of benefits. Okay, so the benefit of course, which is his biggest impact, which is helping house homeless people. And we talked about that earlier on the number of bed nights that he's trying to provide. But also, if the buildings themselves are sustainable, they're using less energy, so that they're good for the environment. That's that's like a double whammy there.
Christian Rodwell 30:21
Yeah. And behind every great business is a great team. And Richard talked about Mark, and Nigel. And that's Mark Stokes, Nigel Green, who are friends of wealth builders, indeed, founders of the equity group, and Mark Stokes has definitely been a guest on wealth talk in the past that, yeah, a great team, their shared values really important and great experience.
Unknown Speaker 30:42
And it can be a wider team as well. So you talk about the team, not just being those who are directly delivering the service. But those people with whom you might have a relationship, either as a consultant or a guide, or just someone to talk to, particularly as all forms of wealth building sometimes can be isolating, you could be looking at what you're doing. Whereas I think, listening to people like Richard and many others, we've seen lots of examples of good practices in many podcasts we've had over the years, Chris, and I think so many people are using their own energies in their own direction, to make the world a better place. And I want to applaud them all. But particularly applaud Richard for and David, of course, his business partner for the outstanding work they're doing, backed by the intelligence and good application, and guidance given by Nigel and Mark who are sharing their experience to try and make this a reality as well.
Christian Rodwell 31:43
Absolutely. So just to summarise, and I think today's episode shows that wealth isn't just about money, but it's about impact the community, the relationships, and self improvement as well for yourself and for others.
Unknown Speaker 31:56
Well, not least, that you think about the 11th ROI, Chris, I wonder if you can remember what that one is,
Christian Rodwell 32:02
return on inheritance,
Unknown Speaker 32:03
it is indeed well remembered. And that's about lead of leaving the world beyond you in a better place. And you know, that's important to us. And as we get closer and closer to the wealth builder for family, or wealth builders for families programme, where we're trying to help the current generation, equip themselves to be good stewards and teachers of the next generation. And then the next generation, how they can accept the wealth that will flow to them inevitably, with great responsibility and great stewardship. And part of that will be thinking about the impact that they want to make as a family. So I'm looking forward to that question. Anybody who's interested in being a great money role model for their kids and want to sort of get a sneak preview or get on the waiting list for that? How would they do that? Chris?
Christian Rodwell 32:53
They would head to wealth builders.co.uk forward slash Emily's. Fantastic.
Unknown Speaker 32:59
So thanks for sharing that.
Christian Rodwell 33:01
Yeah, no worries. And if there's any background noise, and as we said at the beginning, we're on the farm today. And there's a lot of birds. Yeah,
Unknown Speaker 33:11
women cuddling.
Christian Rodwell 33:14
Really good. Very good. So if you've enjoyed today's episode, as always, we'd really appreciate it if you shared it. And, you know, wherever you're listening to this, just hit the share button, send it to a friend, someone who might enjoy our little jokes each week.
Unknown Speaker 33:27
Or with serious intent though, Chris, of course. Yeah. So
Christian Rodwell 33:31
thanks for tuning in today, Kevin. We'll catch up Same time, same place next week.
Unknown Speaker 33:35
I look forward to my friend and until then, see if
Unknown Speaker 33:41
we hope you enjoy today's episode. Don't forget that we are constantly updating our resources inside a 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