191 - Know Your Numbers
Play • 25 min

In this episode of the Maven Money Personal Finance Podcast… Andy highlights some basic wealth creation principles.

 

Quick Preview of the Podcast:

 

  • The new richest man in the world
  • How long is left in your wealth window?
  • Why frugal is relative
  • Protecting your income

 

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Humans Under Management

 

Andy Hart

 

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Don't forget to check out the Maven Adviser website for more great content.

 

So sit back and enjoy unrivalled words of wisdom from Andy Hart - host of the UK’s premier personal finance show.

 

Is there a topic you’d like Andy to cover? We’d love to hear from you! Contact Andy Hart directly with any comments / feedback on team@mavenadviser.com. Alternatively you can reach out on Twitter @MavenAdviser. 

 

Cash Chats Money & Personal Finance podcast
Cash Chats Money & Personal Finance podcast
Andy Webb
#172 Your Money, This Week: London's $$ millionaires, out of lockdown plans, Uber driver court win & more
Your weekly digest of the biggest money stories from the last seven days. My guest is money coach Eileen Adamson. This episode features: * Out of lockdown plans * Mastercard and Apple class action cases * London's dollar millionaires * The UK's best supermarket * & More Read more about all these stories at becleverwithyourcash.com/cashchats172 You can let Andy know what you think of the show at becleverwithyourcash.com/survey21 ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top finance podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5’s Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence
36 min
Property Magic Podcast
Property Magic Podcast
Simon Zutshi
What Makes A Great Property Deal?
This week, Simon talks you through the six key signposts you need to watch for in order to recognise a good deal in property. KEY TAKEAWAYS Look for properties with instant equity. If you can find a motivated seller and gain yourself some instant equity, you're already in profit. Make sure you only buy properties in areas where there is strong rental demand. You want to be able to rent it our quickly in order to minimise void periods. Look for properties in which you can add value. If you can't add value yourself, then you're relying on the market to add value. Endeavour to make the best return upon your investment that you can. This is calculated by looking at the annual profit divided by the initial investment required. BEST MOMENTS 'A lot of people out there don't really know what makes a great deal' 'If you can buy at a discount, it means you have equity on day one!' 'It's not about getting a discount on the asking price - it's about getting a discount on the value of the property' 'There must be profit left over after the end of every month' VALUABLE RESOURCES If you would like to learn more about finding great deals in your area you can register for free online training here: www.dealfindertraining.co.uk Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk  ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ See omnystudio.com/listener for privacy information.
12 min
The Money Podcast
The Money Podcast
Rob Moore
How to Staff Up Fast, With Low Risk/Cost
So many entrepreneurs become daunted when they think of hiring staff and the expense that comes with it. Join Rob today as he explains how you can staff up quickly, with very little expenditure so you don’t have to do all the work yourself! Discover how referrals from friends, family and existing team members can help keep your costs low, how to ensure your staff can make you double (or triple!) their salary and how to manage their income generating tasks well. KEY TAKEAWAYS   Referrals from existing team members, friends or family are brilliant for finding staff at a low cost as there is an element of trust. You can acquire and hire a staff member for free if there are no recruitment fees.   Staff members are always working 30 days in arrears. If you manage them well on the income generating tasks. You can get them to earn their salary before actually paying their salary. As long as you can get them to make more than what they cost you, then ‘gross’ you have got them for free.   Whilst the initial cost of hiring staff may seem daunting, remember the salary you pay them over the next year is split into twelve instalments. As long as they are managed well, targeted well, have good minimum standards of performance and have a clear vision for their role they should be able to earn double or triple their salary.   Incentivise your ‘non income generating’ staff to save you and your business money by offering them a percentage of the money they save. Have them go through the expenses regularly and the savings they make could end up paying their salary.   Make sure you have always got a percentage of your staff that are income generating. Generally as the company grows, the percentage of income generating staff is lower because you will hire admin staff to manage all the work you have coming in.   Track your KPI’s, this is your percentage of staff that are revenue generating. It is wise to also track revenue per staff member too. If your revenue per staff member gets near or below their salary, you are making no money. If your revenue is 2-10 times their salary, then you are making a large profit.   BEST MOMENTS “You are going to have a breakthrough, threshold year.” “I like staff members to generate between two and three times their salary.” “When you save £1 you save the whole £1. When you make £1, you probably only make 15p in that £1.” “When I write a job description I make it really inspiring.”   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information.
40 min
The Progressive Property Podcast
The Progressive Property Podcast
Kevin McDonnell
Ask Me Anything: How to Raise Money, LTD vs Personal & Clubhouse
In today’s episode, Kevin gives an update on what he’s been up to recently, current opportunities and hosts a question and answer session to help members of the community with any of their property challenges. He advises listeners on various ways of raising money for their property investing with in depth details of the different options, strategies to use during Covid-19 and tips on rent to own, rent to rent and how to start building a ‘power team’. KEY TAKEAWAYS A lot of people are saying that property in London could now be dropping in price, this hasn’t been the case for many years. Consider doing the opposite of what the masses are doing and perhaps think of investing in this location.   In terms of raising money for property investments, there are various ways of doing this and there’s never been a better time with interest rates being so low. Reach out to people, let them know you’re in the property business. Joint ventures, banks, private finance and bridging loans are all ways of raising money. Bridging is the most expensive way of raising funds, more suitable for commercial properties and HMO’s and private funding is probably the best way as there are no upfront costs.   There is a huge demand for rent to own currently and there are big benefits to this. As a landlord you have no maintenance, no management costs and you’re helping someone become a home owner. It can work in any part of the country and is the most hands free strategy, which can be done remotely.     Don’t state the rent and terms for a rent to own when advertising. Try and be deliberately vague. A lot of potential applicants will just read the ‘rent’ part of an advert or won’t be eligible, for example if they can’t afford it or are on universal credit, but this is still a great way of building up your tenant database.   Covid shouldn’t be a reason to alter your plans and strategies. The world and business is still moving forward. There is still a housing shortage and people still need homes. One thing you can alter slightly is changing from guaranteed rent to offering landlords profit share agreements. It’s risky offering guaranteed rent without knowing when the pandemic will end and when furlough will end. Remember to market in the right places and in multiple places.   Depending on your personal circumstances, you’re probably better putting everything into a limited company rather than paying personal tax. You’ll have limited liability and it’s a better strategy long term as you can pass shares on, sell shares etc.  However, the best advice is to get yourself a property tax accountant.   If you’re trying to build a ‘Power Team’ let people know where you’re based and what you’re looking for and start to build your team around that area. Remember to use your name, property is a people business.   If you’re a young person trying to get into property with no funds or income, try to get a job working for somebody who is already in the property business. Don’t do the obvious thing and get a job in a letting or estate agent, most don’t buy property and they won’t teach you how to become an investor.   BEST MOMENTS ‘If the taxi driver in New York says to you ‘which stocks to buy’ then you need to get out of that stock immediately because if the man on the street knows what stock to buy, you’re too late to the show’ ‘Observe the masses, do the opposite’ ‘Property is a people business’ ‘You’re not going to learn about property working in an Estate Agent’   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/     See omnystudio.com/listener for privacy information.
31 min
The Property Podcast
The Property Podcast
Rob Bence and Rob Dix from The Property Hub
TPP415: Where are we in the 18 Year Property Cycle?
This week we’re taking a look at where we are in the 18 year property cycle Whether you’re a new or experienced investor, the 18 year property cycle is something that you should know like the back of your hand.  For years it’s helped investors determine when they’d be most likely to invest in property and when they’re going to wait it out.  We get asked all the time ‘where are we in the 18 year property cycle?’ and even more so at the minute, ‘is the cycle broken due to Covid-19?’ Well, we’re about to find out. Here’s what to expect on this week’s property podcast episode In 2020 we were hit with a global pandemic that completely brought the property market to a grinding halt.  So naturally people were questioning what this meant for the 18 year property cycle.  But once the property market was back up and running (and more buoyant than people expected), we were then getting asked ‘does this mean we’re at the peak of the cycle?’ If you’re new to the podcast and have no idea what the 18 year property cycle is then don’t worry because we’re going to give you a recap in this episode.  According to the average 18 year cycle, we should now be in the mid-cycle wobble phase.  But is that true or has Covid-19 changed the course? Tune in to find out.   In the news We’ve got two news stories for you this week.  The first one is a note on the evictions ban being extended again. It was due to end on the 22nd February and has been extended to the 31st March at the earliest.  Chances of it being extended again are pretty likely, even though we’re on the right path it’s still not 100% certain that we’ll be back to normal by then.  Another possible policy extension is on the stamp duty holiday. This could be extended by a further six weeks, which isn’t a huge timeframe. A lot of people will complete in time but there will also be many who slip through the net.    Hub extra This week’s Hub Extra resource is a book that Rob B has been reading.  The book was actually a recommendation from a YouTuber called Ali Abdaal and it’s a book called ‘A Million Miles in a Thousand Years’ by Donald Miller.  It’s the story of a writer who was approached by Hollywood screenwriters who wanted to tell his life story.  But when they started putting it together it turned out that it wasn’t very interesting or inspiring and that really made Donald reflect on his life and he decided to live a better story.  In a way it really resonates with the type of reflection that we’ve all gone through over the past year and how we can live a better life when we come out of the coronavirus pandemic on the other side.   Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.
23 min
Finance & Fury Podcast
Finance & Fury Podcast
Finance & Fury
Investing in infrastructure as part of a wealth accumulation strategy.
Welcome to Finance and Fury. This episode will looking at infrastructure as an asset class, to see if it can help to provide some diversification for portfolios and decent moving forward. * Infrastructure – physical assets that provide services that are essential for us to live our lives. The aim is to invest in assets that if the market booms or busts, it provides some diversification to traditional asset classes. * Traditional Asset classes – * Defensive – Cash, Fixed interest (gov, corporate bonds, credit) * Growth – Property, Shares – Australian or international * Where does infrastructure sit – still in the growth category - In my view – can help to provide a real asset can play a role in an investment portfolio – two component for reasons to invest in infrastructure * Diversification – infrastructure allows an investment in lower correlation to other asset classes – however, depending on the type on investment purchased, some may have “higher beta and therefore less diversifying” * Real use – value – investment in areas that we generally interact with these essential services every single day, gas, water, electricity, transport * Traditional infrastructure * Transport – seaports, airports, major roads, bridges, tunnels * Utilities – Power generation, energy distribution and storage, water, sewage * Renewable energy – big asset class moving forward * Communication – network towers, satellites, phone networks * Infrastructure at the moment is potentially undervalued due to not seeing the same rebound as many other growth investments over the past 6 months – oil prices also went down – the year returns haven’t been great – * effects are cyclical - there may be an opportunity today from a pricing perspective - the market has marked down real assets and infrastructure at the moment - * Lot of money being spent on infrastructure – there is a major need in developed economies for revamping of aging infrastructure, and for new infrastructure projects * In addition - emerging markets which have their economies growing as well as their population’s wealth increasing, the demand for more and better infrastructure continues to rise * But government budget pressures have been affecting their ability and willingness to fund infrastructure projects, creating more opportunities for private capital in the asset class – however, with the invention of green bonds as well as cash rates for funding being close to zero, this could increase the amount of money available to fund projects Benefits – * Predictability of cashflow - Infrastructure assets usually have a pretty high level of visibility and security when it comes to their future cash flows. * When talking to fund managers, they say that they look for projects that almost have guaranteed revenues – those that are underpinned by regulation or long-term contracts with highly creditworthy counterparties - such as governments – compare this to other companies where their cashflows are not as secure – the valuations can be hard * However – most infrastructure could be considered to be a Public Private Partnerships - where the public sector partners with a private sector company - The private sector company develops, constructs, finances, operates and maintains the infrastructure, and the public sector pays for those services -the concessions for the assets are often granted over lengthy contractual periods, which can be over 30 years – so the cashflows can be relatively secure * Also – they have Inflation-linked revenues - The revenues that infrastructure assets earn are often linked to inflation - rates of return set by regulators frequently linked to future inflation expectations in in a long-term contract. * A competitive advantage – A lot of the time, infrastructure assets have a form of a monopoly in the services that they provide – or in other cases, they operate in markets with high barriers to entry * Therefore, the assets cannot be easily replicated and often remain free of the competitive pressures confronting more traditional organisations – so again, the risks that an established project all of a sudden has a new up coming competition are very low – helping to reduce uncertainty risks * The Essential nature of infrastructure and correlation – * People tend to use these essential services on a daily basis and that utilisation (and returns) can often depend less on the economic climate at a point in time than other investments - Because of that essential character, economic factors often have less of an influence on infrastructure assets than on numerous other businesses, which can assist in delivering stable returns through market cycles * infrastructure as an asset class, particularly unlisted infrastructure, has historically demonstrated low levels of correlation with other growth asset classes – can help to reduce volatility of a portfolio The risks of infrastructure * Too much leverage and interest rates * Debt and the cost of that debt can be a big factor in the future performance of a project – * Technically – with interest low or falling – the cost of debt declines – this means the costs of capital also decline in the valuation of projects – * This means that the values of the project increase – but the opposite is true, if interest rates rise, then the valuations can also decline * on average, most infrastructure stocks have higher debt to equity or gearing levels than the average stock and therefore are more vulnerable to interest rate rises. * Greenfield risk – this is a major risk for new projects – where the estimates don’t stack up to reality – an example of this would be a toll road at the beginning of its life, when it has the most uncertainty - what traffic levels of the road will really be like remains to be seen. Tolls may have been set, but again, sufficient usage of the new road is essential – there can be too much uncertainty which can be dangerous * You can also have Construction risks, delay risks and cost blowouts - Example – The Queensland Government contracted BrisConnections to run its Airportlink Project, which opened to the public in 2012. Initial forecasts were for the 6.7km tunnel, linking Brisbane Airport with the CBD, to carry 170,000 vehicles per day. Six months after opening, there were only 50,000 vehicles using the road and BrisConnections went into receivership. The roadway was eventually sold for $2 billion to Transurban, despite having cost $4.8 billion to construct. Many retail investors who invested in the initial public offer at $1.00 lost most of their money when the shares plunged to $0.001 within months. Further, the shares were structured as instalment warrants carrying a further two instalments of $1 each. People who thought they were being canny traders, picking up a bargain, suddenly found that for each $1,000 they invested, they incurred a $2 million liability. * Lesson – investing in early infrastructure projects is very risky – especially if there aren’t government guarantees on the returns * Management and ESG factors - while real assets like infrastructure can be fairly low risk, this can be negated by the people that run them – the same with any company * When looking at infrastructure businesses - It might be the case that too much risk is taken on, a white elephant is built, or the capital structure is not right and there is too much leverage. The human element is very important to assess as the humans are the ones making the decisions on what to build based around assumptions – if enough mis management occurs, a company can lose its licence to operate an infrastructure asset if the asset is not well managed. * In Italy – Autostrade is a company that controls the roads forming the Italian system of motorways - currently at risk of having its mot…
26 min
The Disruptive Entrepreneur
The Disruptive Entrepreneur
Rob Moore
How to Dramatically Increase Your Fees (The 6 Areas)
In today’s brief but powerful episode, Rob talks his audience through the six areas where you can increase your fees. These include the knowledge plus experience formula, his unique take on the ‘hero and the guide’, increasing your self worth, over subscribing your services and not forgetting the easiest one of all – offering great service.   KEY TAKEAWAYS Knowledge plus experience equals results. If you gain more knowledge in something, turn it into an experience of things you do or things you’ve done and you get proven results; this is a winning formula to increase your fees.   Your self worth equals your net worth. If you increase your own feeling of how you perceive yourself; your own value in the market place, your confidence, your volition, your passion of delivery and understanding that you have value, your fees will go up.   Most people when they’re positioning and promoting themselves put themselves as the ‘hero’ whereas you might want to position yourself as the ‘guide’. Make your client the hero. Use your testimonials, your results in the market – they will sell better than you can. Get recommendations and referral’s from your clients and contacts and don’t be afraid to ask for these.   The more value you offer, the higher your fees can be. Keep offering more and more value. Perceived over actual hard costs to you means you can sustain a fair margin.   Sell your stuff out! Over subscribe the services you offer, have more demand than supply and everyone will want in. Get to the point where you’re full and then increase your fees.   Make sure you’re offering great service – care, serve, solve, fix problems, be kind, look after your clients and think about the small details.   BEST MOMENTS ‘What you know still has value’ ‘Your self worth equals your net worth’ ‘If you don’t believe in yourself, why should anyone else?’ ‘You cannot fill from an empty cup’ ‘Facts tell but stories sell’ ‘Serve more than you ask for, give more than you take’   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”   “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information.
15 min
Physio Edge podcast
Physio Edge podcast
David Pope
110. Eccentric exercises for subacromial shoulder pain? Physio Edge Shoulder success podcast with Jo Gibson
Are eccentric exercises useful in subacromial shoulder pain rehab? When shoulder pain rehab has stalled, and patients aren’t improving, will eccentric exercises help? Are eccentric exercises the missing component in successful rehab programs for recalcitrant shoulder pain? Find out in this discussion with Jo Gibson (Clinical Physiotherapy Specialist). Also discover: * Should eccentric exercises be included in shoulder rehab programs? * What does the research reveal about eccentric shoulder exercises? * How can the research be applied and adapted clinically with shoulder pain patients? * If eccentric exercises are helpful, which exercises should patients use? * When and how often should eccentric exercises be performed? * Are eccentric exercises helpful in acute shoulder pain? * How long does shoulder pain normally take to recover from? * How can gym programs be adapted to allow shoulder pain to recover while patients continue training or exercising? * How many exercises should be included in shoulder pain rehab programs? Get free access to the stiff shoulder & acute shoulder pain assessment & diagnosis video series with Jo Gibson at clinicaledge.co/shoulder Links associated with this episode: * Accurately assess, diagnose & treat stiff shoulders, including frozen shoulder, with this free videos series from Jo Gibson (Clinical Physiotherapy Specialist) * Improve your acute shoulder pain diagnosis with 3 free videos from Jo Gibson * Improve your confidence and clinical reasoning with a free trial Clinical Edge membership * Join Jo Gibson live on Facebook & ask your shoulder related questions every Monday * Download and subscribe to the podcast on iTunes * Download the podcast now using the best podcast app currently in existence - Overcast * Listen to the podcast on Spotify * Jo Gibson on Twitter * Let David know what you liked about this podcast on Twitter * Review the podcast on iTunes * Infographics by Clinical Edge
38 min
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