Ep 87: Cunningham's Don't Buy The Kids a house - Create Long Term Financial Security

Episode 87: Cunninghams - Don't Buy the Kids a House - Create Long Term Financial Security

 

Welcome back to another episode of A Wealthy Life! In today's episode, I, Vicki Wusche, am joined by special guests Liz and David Cunningham. Liz and David are clients of mine who want to provide financial support for their children.

 

Throughout this episode, the Cunninghams share their journey toward creating long-term financial security through property investment, emphasising the importance of generating a monthly income rather than relying on a lump sum. They dive into the benefits of property investment, including cash flow and the ability to pay off mortgages and pass on unencumbered properties to future generations

 

Together, we’ll discuss the need for a "starter" and a "finisher" in a team, and how Liz and David’s collaboration was founded on exciting ideas from Liz coupled with support from yours truly. We also delve into practical financial tips and the importance of understanding the real-world application of maths in decision-making.

 

I’ll also explore the London Landlord Accreditation Scheme, providing insights into how obtaining knowledge and professional development can make landlords more self-reliant. Liz will share her own plans for consolidating her clinics into one, creating additional income from a diversified portfolio of assets, and underscore the significance of taking control of one's money.

 

Listen in as I share stories from my own experiences, discuss the importance of starting early, and offer valuable insights into leveraging opportunities and smart thinking for long-term financial gains. I also discuss the changing landscape of education and the potential financial burdens it may present for parents.

 

We hope this episode inspires you to create long-term financial security and support future generations. So sit back, relax, and let's dive in!

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Highlights from this episode:

 

[00:04:52] How First Conversations Shape Relationship Dynamics

 

[00:09:24] Maths for The Real World

 

[00:11:44] The London Landlord Accreditation Scheme

[00:19:22] How Shifting Money Shifts Priorities

[00:22:23] Invest Sooner, Don't Wait and Regret Later

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? 

 

Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?

 

The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons. 

 

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Browse Books by Vicki: 

Using Other People’s Money: How to invest in property 4th edition

 

Make More Money from Property: From investor thinking to a business mindset 2nd Edition 

 

Property for the Next Generation: Securing your future in uncertain times 2nd Edition  

The New Estate: Insights from the 22nd century  

 

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  

  

 

Or read the following eBooks on VickiWusche.com:  

9 Critical Property Principles 

 

The De-Job Yourself Manual: Break your reliance on a monthly wage

  

The Values Manual: Understand what your values are and how they can be key to a successful business

   

The Goal Setting Manual: Create meaningful and practical goals then achieve them