1 00:00:00,029 --> 00:00:03,553 So you don't have to overthink it, you don't have to be super creative. But the most important 2 00:00:05,516 --> 00:00:08,599 Because you can't sell a secret. You have to definitely have something that's of value to 3 00:00:08,639 --> 00:00:12,664 them. What they'll be saying is what's in it for me, right? And the fastest 4 00:00:12,724 --> 00:00:16,208 way to get what's in it for them is to give them money. Financial independence 5 00:00:16,268 --> 00:00:19,391 is so close to so many people. It's just like that. Let's just do the step and get 6 00:00:19,411 --> 00:00:23,374 the freedom today. Let's just do it now. Simple scales, complex fails. 7 00:00:23,474 --> 00:00:27,077 There's probably nothing stopping you from having financial freedom and independence with 8 00:00:32,762 --> 00:00:35,944 I'm Lloyd James Ross, seven-figure investor and entrepreneur, and I've helped 9 00:00:36,144 --> 00:00:40,006 thousands of business owners and professionals turn financial stress into 10 00:00:40,046 --> 00:00:43,568 success. If you're stuck in old money habits, overwhelmed by investing, 11 00:00:43,748 --> 00:00:47,310 or unsure where to start, this is for you. I'll give you the mindset 12 00:00:47,530 --> 00:00:50,972 and strategies to take control, grow your wealth, and achieve 13 00:00:51,032 --> 00:00:54,114 financial freedom. It's time to make your money work for you. 14 00:00:54,690 --> 00:00:58,252 We are live! Welcome to our brand new, fun, 15 00:00:58,372 --> 00:01:01,855 exciting segment called the Wealth Hotline, 16 00:01:01,875 --> 00:01:05,517 where we take live calls from the public 17 00:01:06,198 --> 00:01:09,840 about a particular topic when it comes to their money, business, 18 00:01:10,380 --> 00:01:14,002 mindset, everything to do with their wealth building. So 19 00:01:14,082 --> 00:01:17,703 I'm excited for this segment. It's the second time we've done this now. And 20 00:01:17,723 --> 00:01:20,964 each month we're coming here to do a live calls with people. Today we've got 21 00:01:21,324 --> 00:01:25,005 five lucky contendants that have, they've thrown 22 00:01:25,045 --> 00:01:28,285 their hat in the ring, so to speak, and they have questions for us. So 23 00:01:29,626 --> 00:01:32,886 super excited to help them today with whatever questions they have around their 24 00:01:32,906 --> 00:01:36,287 wealth. It's gonna be super exciting. We wanna make sure that we're educating them 25 00:01:36,607 --> 00:01:39,828 and we're helping them to, and coaching them to make their own 26 00:01:39,888 --> 00:01:43,270 best decisions, all right? Let's get to the first person. 27 00:01:43,290 --> 00:01:48,355 This is going to be cool. So I'm going to hold my phone to the mic and 28 00:01:48,655 --> 00:01:51,978 make sure you can hear this, right? Let's go to the first caller. 29 00:01:52,539 --> 00:01:57,643 Let's do this. This is Caroline. Here we go. This is 30 00:01:57,663 --> 00:02:12,334 a bit of roulette because sometimes you don't know if they're going to answer. Caroline 31 00:02:12,714 --> 00:02:16,257 Lloyd, you got my Australian mobile, excellent. 32 00:02:16,697 --> 00:02:20,339 Yes, you're on the world hotline and I've got your Australian mobile 33 00:02:24,702 --> 00:02:28,324 Yes. I wouldn't be doing a very good job. No, 34 00:02:28,364 --> 00:02:31,686 that's okay. I think you're doing a wonderful job of being easy to contact, so thank you. 35 00:02:31,706 --> 00:02:35,729 This is a fabulous opportunity, 36 00:02:35,749 --> 00:02:39,251 so I really appreciate it. The last time you put it out there, I 37 00:02:39,311 --> 00:02:42,592 was just reluctant only because I thought there might be other 38 00:02:42,632 --> 00:02:45,853 people more deserving or whatever, but this time having seen what you 39 00:02:48,534 --> 00:02:52,055 There you go. I love it. Thank you for throwing your hat. I'm excited for you to throw your hat. 40 00:02:56,857 --> 00:03:00,118 I'm trying to work out where I'm at regarding what to do with my 41 00:03:00,178 --> 00:03:05,179 cash. I have a fear about putting all of this cash into investments 42 00:03:05,339 --> 00:03:08,949 given that I have still property, which 43 00:03:09,029 --> 00:03:12,530 is mortgage. So I'm looking, you 44 00:03:12,570 --> 00:03:15,691 did ask me when we last interacted and 45 00:03:15,831 --> 00:03:19,133 I've been in Newcastle, I'm in Newcastle, I'm sorting out 46 00:03:24,155 --> 00:03:27,416 What is your underlying like core question that 47 00:03:27,456 --> 00:03:31,198 you need answered? Like what is on your mind? What 48 00:03:34,206 --> 00:03:37,473 I think it's validating, I've sort of worked out one 49 00:03:37,513 --> 00:03:40,639 approach, it may not be the only one, but I've worked out 50 00:03:40,780 --> 00:03:44,615 one approach with my cash. Because 51 00:03:44,796 --> 00:03:48,179 it's not a case of I can't hold on to cash. I'm worried about 52 00:03:48,219 --> 00:03:51,403 putting it in stocks and shares, not going up for 53 00:03:52,083 --> 00:03:55,507 Got it. Okay, so you're wanting to know how to deploy your cash 54 00:03:56,608 --> 00:04:00,052 to grow your wealth, yes? Yes. Okay, 55 00:04:00,452 --> 00:04:04,376 Some of that will be potentially buying my mother's apartment, 56 00:04:06,198 --> 00:04:09,480 Sure. We have all these options. So 57 00:04:09,500 --> 00:04:12,583 we have on the options for cash, we have do nothing and leave it in 58 00:04:12,643 --> 00:04:16,165 an account. We have put into a term deposit and get some returns. 59 00:04:17,306 --> 00:04:20,468 We have pay off debt. We have keep 60 00:04:20,508 --> 00:04:23,951 properties and pay off debt. We have perhaps investing in some other assets 61 00:04:28,894 --> 00:04:34,353 So my question to you is, irrespective of the size of the cash, What 62 00:04:34,393 --> 00:04:38,056 is your overall objective? What do you want to achieve financially? 63 00:04:41,878 --> 00:04:45,060 Well, it rolls into one, but it's in 64 00:04:45,160 --> 00:04:49,003 two parts. I'm in a situation now 65 00:04:49,063 --> 00:04:52,345 where if I use my money sensibly, I 66 00:04:52,405 --> 00:04:56,848 can be reasonably comfortable, but that 67 00:04:56,928 --> 00:05:00,651 intention is I'm not at the moment rich 68 00:05:00,731 --> 00:05:04,103 enough to be able to do whatever I want. But the nice 69 00:05:04,143 --> 00:05:07,605 thing about being reasonably comfortable is I can now create 70 00:05:07,705 --> 00:05:11,208 another business and involve other people 71 00:05:12,229 --> 00:05:16,472 without having so much concern about my security, 72 00:05:29,634 --> 00:05:33,335 It's working out the 73 00:05:33,495 --> 00:05:37,256 method for paying down some of these mortgages. 74 00:05:37,337 --> 00:05:40,918 I've taken on board your comment about potentially 75 00:05:45,419 --> 00:05:48,860 Okay, so let's look at it like this. You've got, how 76 00:05:51,601 --> 00:05:55,202 At the moment, there may be some calls on it, but in the UK 77 00:05:57,691 --> 00:06:02,616 Pounds. Okay. Roughly, 78 00:06:09,463 --> 00:06:13,387 Okay. So let's say there's say 200K Aussie and there's about, so 79 00:06:13,407 --> 00:06:17,351 you probably got around 800K total or 700K Aussie. Yeah. 80 00:06:17,851 --> 00:06:21,134 Okay. So how much debt do you have in total off 81 00:06:25,176 --> 00:06:30,421 My UK properties, it's 500 and 82 00:06:30,581 --> 00:06:33,663 just looking at 83 00:06:41,850 --> 00:06:44,973 Okay, so let me ask this question. How many properties do you 84 00:06:54,207 --> 00:06:58,352 Sure, so you got five total yeah five 85 00:06:58,392 --> 00:07:03,117 total Okay total 86 00:07:03,157 --> 00:07:06,300 properties how many total properties do you own and how 87 00:07:08,923 --> 00:07:12,973 Okay The 88 00:07:14,995 --> 00:07:18,079 Perfect. Wonderful. Excellent. So let me 89 00:07:18,119 --> 00:07:21,383 ask this question. What is preventing you from just paying 90 00:07:21,423 --> 00:07:24,687 off all the debt of those properties and having them all debt free and 91 00:07:33,615 --> 00:07:37,216 trying to work out what the best way of using 92 00:07:38,417 --> 00:07:41,778 Well, that's what I'm, what I'm suggesting. So my question to 93 00:07:41,818 --> 00:07:45,260 you is though, if you've already got the properties that 94 00:07:45,280 --> 00:07:49,721 already producing income, you've already transacted them. What's 95 00:07:49,761 --> 00:07:52,863 preventing you just paying off the entire balance of the debt and have 96 00:07:52,903 --> 00:07:56,384 them all debt free or producing passive income to you. So 97 00:08:01,546 --> 00:08:04,910 Uh, Because I'm looking 98 00:08:04,970 --> 00:08:08,211 at buying my sister's half of my mother's apartment. So 99 00:08:12,632 --> 00:08:15,812 Well, I'm getting valuations at the moment, but I guess is 100 00:08:15,892 --> 00:08:21,674 I may have to pay her eight or 101 00:08:22,374 --> 00:08:25,834 So is your objective to just accumulate properties 102 00:08:30,336 --> 00:08:33,639 The latter. I'm trying to put in 103 00:08:33,719 --> 00:08:36,902 some backup plans because things are not good 104 00:08:37,963 --> 00:08:41,367 Sure. Okay. So you want to diversify your real estate holdings 105 00:08:44,690 --> 00:08:47,993 So what would prevent you from selling one of your properties over there 106 00:08:48,013 --> 00:08:51,396 and adding it to your cash and buying the 107 00:08:54,394 --> 00:08:57,896 Well, that's what I'm looking at at the moment, as well as paying down 108 00:09:01,819 --> 00:09:05,421 What's interesting, Caroline, about your situation with six properties with 109 00:09:05,461 --> 00:09:09,004 only 550 odd thousand pounds of debt on it 110 00:09:09,164 --> 00:09:13,587 with all your cash too, is that you 111 00:09:13,647 --> 00:09:17,229 have the ability now to 112 00:09:17,249 --> 00:09:21,252 have probably four 113 00:09:21,292 --> 00:09:24,375 of them. fully paid off and unencumbered if 114 00:09:24,395 --> 00:09:27,636 you include the Australian one. So you can potentially sell two 115 00:09:27,756 --> 00:09:31,117 in UK and use the cash 116 00:09:31,477 --> 00:09:34,797 to buy the one here in Australia and you'd have to pay off the debts. But you 117 00:09:34,837 --> 00:09:38,218 have the opportunity now with your cash and your equity 118 00:09:38,358 --> 00:09:43,499 in your portfolio to actually own probably four of 119 00:09:43,539 --> 00:09:47,040 them outright. And so you're actually 120 00:09:47,300 --> 00:09:50,541 like a breath away from financial freedom. Like 121 00:09:50,561 --> 00:09:53,900 you're one decision away. And I think what happens 122 00:09:53,920 --> 00:09:57,101 to people is they get confused thinking they always have to invest in some other 123 00:09:57,161 --> 00:10:00,462 asset class. Like, I have to invest in shares. I have to know everything about everything. 124 00:10:00,502 --> 00:10:03,802 I have to invest in gold. I have to invest in... You don't have to do everything 125 00:10:03,842 --> 00:10:07,743 and anything. You could just... Like, real estate's a very solid asset, 126 00:10:08,183 --> 00:10:12,424 particularly if you're looking at real estate in major Western 127 00:10:12,464 --> 00:10:15,885 countries, right? So there's probably nothing 128 00:10:15,945 --> 00:10:19,066 stopping you from having financial freedom and independence with just a 129 00:10:19,126 --> 00:10:22,248 paid-off property portfolio. Like, 130 00:10:27,512 --> 00:10:30,695 I'm not arguing with you. It's 131 00:10:30,815 --> 00:10:34,178 just because I've spent a lot of my life having 132 00:10:36,800 --> 00:10:40,003 And at times you don't have someone to bounce ideas 133 00:10:41,977 --> 00:10:44,999 Therefore, having a backup, I 134 00:10:45,820 --> 00:10:49,062 can see that since two of my, or all 135 00:10:49,102 --> 00:10:52,945 my rental properties I hold in a limited company, 136 00:10:53,466 --> 00:10:56,708 they were bought with a director's loan so that all 137 00:10:56,748 --> 00:11:00,070 the income can for 10 or 20 years 138 00:11:04,396 --> 00:11:07,560 So the only other thing I was going to 139 00:11:07,601 --> 00:11:11,025 say is one of the benefits I've had from doing your course, apart 140 00:11:11,065 --> 00:11:14,886 from looking at things with a different hat, is because 141 00:11:14,906 --> 00:11:18,287 the properties are owned by a company, I can own 142 00:11:18,347 --> 00:11:21,828 them up until I think I'm 80. I've got another 10 years 143 00:11:21,888 --> 00:11:25,189 before I'm forced to pay off mortgages. So 144 00:11:25,229 --> 00:11:28,429 I realized that I could, for example, for one of 145 00:11:28,469 --> 00:11:31,830 them, pay down 70. So 146 00:11:32,010 --> 00:11:35,671 I'd have the current repayment would be interest 147 00:11:37,511 --> 00:11:41,346 Yeah, but I think you're complicating it. I 148 00:11:41,366 --> 00:11:45,632 think you're complicating it. Like if the roles were reversed, I 149 00:11:45,672 --> 00:11:50,099 would, apart 150 00:11:50,119 --> 00:11:53,384 from this one you want to buy, you're just in a position where you can be debt 151 00:11:53,424 --> 00:11:56,588 free off on six properties. Like it's 152 00:11:56,909 --> 00:12:04,333 one decision away. So 153 00:12:04,373 --> 00:12:07,916 I think it's like, that's why I asked at the very outset of the call, what's the objective? 154 00:12:08,197 --> 00:12:11,900 And a lot of people can get carried away with objectively just building empires 155 00:12:11,940 --> 00:12:15,062 for the sake of empire building without a real clear understanding of 156 00:12:15,082 --> 00:12:18,390 what they're trying to actually achieve with their life. So that's why, that's 157 00:12:18,410 --> 00:12:21,532 why the question is what kind of life do you want to live? Not how many properties do you 158 00:12:21,572 --> 00:12:24,934 want? So it would be what if with one 159 00:12:24,994 --> 00:12:28,176 fell swoop, you could pay off pretty much all the debt of all 160 00:12:28,196 --> 00:12:31,479 the properties, perhaps tuck away a bit of extra cash for, for 161 00:12:31,499 --> 00:12:34,781 emergencies, et cetera. But all the income from those properties with 162 00:12:34,821 --> 00:12:38,023 no debt on them will provide you enough passive income to literally live a life 163 00:12:38,043 --> 00:12:43,017 of Riley around the world now. Today? 164 00:12:43,437 --> 00:12:46,979 I'm not taking that on board yet. It's the latter bit. Is 165 00:12:48,680 --> 00:12:52,002 Well, if you had your home paid off and 166 00:12:52,042 --> 00:12:55,383 you had five properties debt-free producing income, how 167 00:12:58,325 --> 00:13:01,786 Well, that's what I'm just sort of net. I'm sort of working 168 00:13:05,148 --> 00:13:08,379 I haven't done it for the paid off. At 169 00:13:08,440 --> 00:13:12,062 the moment, let me just look at the table 170 00:13:15,144 --> 00:13:18,386 Here's what I would suggest to you. Here's what I would suggest. I 171 00:13:18,426 --> 00:13:22,929 would suggest looking at how much passive net 172 00:13:23,329 --> 00:13:26,671 income, so net income means after costs of running the property, so 173 00:13:26,711 --> 00:13:31,074 the operating costs, how much net income after 174 00:13:31,134 --> 00:13:34,216 tax goes into your pocket on a 175 00:13:34,296 --> 00:13:37,859 weekly or monthly or annual basis without 176 00:13:38,179 --> 00:13:41,361 any debt on those properties? And if the 177 00:13:41,481 --> 00:13:46,225 answer is, well, actually, that's pretty much like a full-time salary, you're 178 00:13:46,325 --> 00:13:51,369 literally living like the 1% of the 1% of the 1% of the world. and 179 00:13:51,530 --> 00:13:54,796 you can then start to really decide on how do you want to actually live your life. Now, 180 00:13:54,836 --> 00:13:58,102 that doesn't mean you have to stop working either, by the way. You can do both. You 181 00:13:58,122 --> 00:14:01,348 could have passive income coming in plus keep working, but you have 182 00:14:01,388 --> 00:14:05,505 a choice then to really work on what you want to work on. And 183 00:14:05,525 --> 00:14:08,647 I just, I don't think you need to complicate it 184 00:14:08,847 --> 00:14:12,309 that much because you've done all the hard work already. Like 185 00:14:13,050 --> 00:14:16,132 to have a home paid off and potentially in a 186 00:14:16,192 --> 00:14:19,734 breath have five other property investments paid off producing passive income. 187 00:14:20,334 --> 00:14:24,437 You're in a seat that you're the envy of the world and 188 00:14:24,657 --> 00:14:28,920 your mindset might be stopping you from just making that decision because perhaps you're 189 00:14:32,310 --> 00:14:35,491 I hear you. I'm not going to throw anything back. I'm listening to you. 190 00:14:35,531 --> 00:14:38,892 This is why I don't do it. Sure. Yeah. 191 00:14:38,932 --> 00:14:42,672 This is why you called in. No, no, totally. Because 192 00:14:42,712 --> 00:14:47,353 people sometimes call into me or talk to me and say, oh, Lloyd doesn't like property. Of 193 00:14:47,493 --> 00:14:51,254 course, property is an effective asset. It produces cashflow, grows 194 00:14:51,294 --> 00:14:54,515 in value of time. I just don't like overpriced property. Like 195 00:14:54,555 --> 00:14:57,738 anyone and I also don't like big mortgage debt and like I don't I 196 00:14:57,758 --> 00:15:01,062 like optionality So I just think about your situation think 197 00:15:01,122 --> 00:15:04,505 god, you've got all these properties. You've paid the transaction costs already. They're 198 00:15:04,545 --> 00:15:07,768 already in place They're already producing income. You've got this 199 00:15:07,808 --> 00:15:11,192 cash. I mean you eliminate the debt You've got no debt 200 00:15:11,232 --> 00:15:14,635 on a fully risk for like, you know, there's no debt risk no financial risk 201 00:15:15,215 --> 00:15:18,359 and then you've just got You're passive income tricking and 202 00:15:18,379 --> 00:15:21,902 you've got multiple doors. So you've got multiple properties. So 203 00:15:22,203 --> 00:15:25,646 it fortifies the income, it's diversified across multiple properties. You 204 00:15:25,666 --> 00:15:28,869 don't have any home mortgage debt and you're at an age where you can keep working and have 205 00:15:28,929 --> 00:15:32,113 both. And I really do think that your decision to 206 00:15:32,213 --> 00:15:35,752 where to deploy the cash, it doesn't have to be complex. right? 207 00:15:35,952 --> 00:15:39,395 It's just where's the most, where's probably the most obvious place 208 00:15:39,435 --> 00:15:42,618 to deploy it to get the life you want. And if, if I know where 209 00:15:42,638 --> 00:15:45,900 that is, and if I were your, your age and where you're 210 00:15:45,920 --> 00:15:49,062 at with everything, I think you're just so close to having financial freedom. So I 211 00:15:49,082 --> 00:15:52,505 would say to you this, to finish the call, look at the amount 212 00:15:52,525 --> 00:15:56,168 of income you can make with debt free properties. And 213 00:15:58,650 --> 00:16:02,713 Make the decision of where to deploy the cash based on what is the safest, fastest, 214 00:16:02,793 --> 00:16:06,456 most effective route to getting passive income for the rest of your life. And 215 00:16:06,496 --> 00:16:09,978 take the path you understand. You don't have to play in games you don't understand just 216 00:16:10,018 --> 00:16:13,441 because. And 217 00:16:13,481 --> 00:16:17,204 if the income is not enough, then keep working until it is enough. But 218 00:16:17,244 --> 00:16:20,446 I would argue that 219 00:16:20,606 --> 00:16:24,088 if you can't live a nice life on no 220 00:16:24,289 --> 00:16:29,106 mortgage debt and five paid off property investments, then 221 00:16:30,227 --> 00:16:34,191 perhaps you just need to bring your lifestyle. Yeah, it'll be a lot. And I think you're 222 00:16:34,211 --> 00:16:38,496 there. So I would say to you, go check out the numbers. And 223 00:16:38,516 --> 00:16:41,659 then when you get to the number, shoot me a DM on Instagram, whatever it is, and just 224 00:16:50,998 --> 00:16:55,240 Okay. Home mortgage, 1.97% interest. So 225 00:16:55,620 --> 00:16:59,082 really to pay that off when I've got another two years at that rate. 226 00:17:00,082 --> 00:17:03,444 Secondly, what I learnt from you is I could pay 18 down on 227 00:17:03,484 --> 00:17:07,026 a property and invest 40. And in 10 years, when I 228 00:17:07,066 --> 00:17:11,248 have to redeem the mortgage, I can come out with 8% interest 229 00:17:11,288 --> 00:17:14,790 at 102,000. So, you know, I can 230 00:17:14,890 --> 00:17:18,372 pay less down if I use some of the investment strategy, as 231 00:17:18,412 --> 00:17:21,681 long as it works. That's why I'm being careful and trying to 232 00:17:25,143 --> 00:17:30,387 Well, it just means you've got to learn a whole new landscape. That's 233 00:17:30,407 --> 00:17:33,569 all it's all. And, and, and what's very tricky at 234 00:17:33,609 --> 00:17:37,812 the moment is how do you deploy large amounts of cash into any market? 235 00:17:38,273 --> 00:17:41,895 See, when you, when you pay off debt with cash, it's 236 00:17:41,975 --> 00:17:47,209 an guaranteed riskless investment. Because 237 00:17:47,389 --> 00:17:51,092 paying off debt, your return on investment is the debt. You 238 00:17:51,112 --> 00:17:54,434 don't have to pay the cost of the debt, right? So it's an absolute guaranteed return 239 00:17:54,454 --> 00:17:57,816 when you pay off debt. Whereas when you're going into, say, the markets, you've 240 00:17:57,836 --> 00:18:01,038 got to remember that it's a very richly valued market. And 241 00:18:01,078 --> 00:18:04,721 it's tricky to deploy half a million pounds, whatever it is, into that. Because 242 00:18:05,241 --> 00:18:09,264 what if the market goes sideways for 10 years, collapses? The 243 00:18:09,384 --> 00:18:12,686 best way to invest in alternative assets or even 244 00:18:12,746 --> 00:18:16,088 stocks, if you've got lump sums, is to actually dollar cost average 245 00:18:20,711 --> 00:18:24,052 You could. I 246 00:18:25,453 --> 00:18:29,195 don't know if you have to because the entire objective 247 00:18:29,215 --> 00:18:32,376 of investing is to get enough passive income to just not work again, as 248 00:18:32,396 --> 00:18:36,299 far as I'm concerned. So you're just so close to that. Now, 249 00:18:36,539 --> 00:18:40,361 if you happen to, for example, have 1.95% of 250 00:18:40,542 --> 00:18:43,644 your mortgage, you don't want to put your money there because it's not a high return on investment of 251 00:18:43,664 --> 00:18:47,126 the debt. Perhaps even a high interest account 252 00:18:47,146 --> 00:18:51,209 of some sort would be better at 5% because it's better than a mortgage of 1.9%. So 253 00:18:51,609 --> 00:18:54,710 just something that's that it doesn't have to be 254 00:18:54,830 --> 00:18:59,431 risky, but something that's going to compound more than 1.9% would 255 00:18:59,451 --> 00:19:03,132 be fairly appropriate. But once that term expires 256 00:19:03,172 --> 00:19:06,293 and the interest rates trigger back up, you will want to pay the 257 00:19:06,313 --> 00:19:10,654 debt off because the interest rate will be higher. So I think just optionality 258 00:19:15,195 --> 00:19:18,416 Got it? So I can't say to you, Caroline, go 259 00:19:18,456 --> 00:19:21,957 and put your money in this stock or that if I can't give you the financial advice. But 260 00:19:21,997 --> 00:19:25,352 what I can say is, I don't 261 00:19:25,392 --> 00:19:28,534 think it has to be risk assets. I don't think it has to be complex. I don't think it has 262 00:19:28,574 --> 00:19:31,955 to be anything but probably pay off the high interest debt 263 00:19:31,975 --> 00:19:35,156 as soon as possible and 264 00:19:36,777 --> 00:19:40,058 sit on the cash in a high interest term sort of account for a while until the other mortgage 265 00:19:40,719 --> 00:19:43,860 kicks up a gear and then pay it off. Or you could just pay it all off 266 00:19:43,920 --> 00:19:47,364 now and just get it over with and live your life. You 267 00:19:47,404 --> 00:19:51,165 know, I just think it's that close. So here's my suggestion. One, 268 00:19:51,765 --> 00:19:55,366 figure out the amount per year coming in from the debt-free properties. Okay. 269 00:19:55,426 --> 00:19:59,627 And then once you do it, send it to me on Instagram. I want to see what it is. Okay. 270 00:19:59,947 --> 00:20:03,367 That's your task. Cool. All right. No worries. 271 00:20:12,949 --> 00:20:18,027 There you go. Interesting, isn't it? Keep 272 00:20:18,067 --> 00:20:21,531 things simple. Simple scales, complex fails. You 273 00:20:21,551 --> 00:20:24,834 don't always have to... God, financial independence is so close to 274 00:20:24,874 --> 00:20:28,617 so many people. It's just like that. Let's just do the step and get the freedom today. Let's 275 00:20:28,638 --> 00:20:32,087 just do it now. It's almost like people are afraid of 276 00:20:32,127 --> 00:20:35,228 that sometimes, which is normal, because it's like, oh my God, I actually have the 277 00:20:35,248 --> 00:20:38,349 thing I really wanted all this time, freedom. Oh my God, I'm scared now. What do we 278 00:20:38,369 --> 00:20:41,810 do? Because it's a very unknown area, right? So, I mean, so 279 00:20:41,850 --> 00:20:45,371 cool to see Carolyn. She's so close to freedom. She's there already. I mean, it's pretty simple 280 00:20:45,411 --> 00:20:48,811 stuff. But hey, paying off debt at a time when 281 00:20:49,092 --> 00:20:52,752 debt is quite getting more expensive as well, in 282 00:20:52,792 --> 00:20:56,213 many cases from what it was, it's a pretty good return, right? 283 00:20:56,233 --> 00:21:00,875 Like, last time I checked, you can't go broke with no debt. Okay, 284 00:21:00,955 --> 00:21:04,938 let's do another one. Let's go Kirstie now. We'll give her a call here. See 285 00:21:04,958 --> 00:21:08,681 if I can copy. 286 00:21:10,422 --> 00:21:13,565 So these will typically go for 10 minutes. That one was a bit longer. That 287 00:21:13,585 --> 00:21:18,590 was a bit more protracted, but let's go for Kirstie here. Let's 288 00:21:18,610 --> 00:21:21,753 see if she answers. Just quickly, if you're ready to take control of your 289 00:21:21,793 --> 00:21:25,657 finances but feel stuck on where to start, I have a solution. My 290 00:21:25,717 --> 00:21:28,881 book, Money Buys Happiness, simplifies investing and 291 00:21:28,961 --> 00:21:32,504 wealth building with practical steps to help you achieve financial peace. 292 00:21:33,065 --> 00:21:36,368 Get your copy via the link in the show notes and let's get your money working for 293 00:21:36,428 --> 00:21:40,773 you. Now back to the episode. Here we go. I wonder 294 00:21:40,793 --> 00:21:52,018 what the question's gonna be here. Kirstie 295 00:21:56,701 --> 00:22:00,084 I'm trying to do quiet naptime sort 296 00:22:07,208 --> 00:22:10,411 Oh no. Wonderful. Excellent. Put 297 00:22:14,653 --> 00:22:18,476 Marvelous. So we're on the Wealth Hotline and so 298 00:22:23,901 --> 00:22:28,983 On my mind was how to bring 299 00:22:29,063 --> 00:22:32,724 value, I guess, as like, I'm 300 00:22:32,764 --> 00:22:36,506 not exactly a fresh startup, but I do pet for keepsakes. And 301 00:22:36,526 --> 00:22:40,167 I'm like, how do I bring that as a value perspective to someone 302 00:22:40,707 --> 00:22:43,868 like yourself or a person of influence to get the word out there about the 303 00:22:46,397 --> 00:22:49,881 Yeah, as in like family pet 304 00:22:49,941 --> 00:22:53,204 passes and they keep a bit of fur and I can set them 305 00:22:58,129 --> 00:23:01,633 So when the pet passes away, you give keepsakes. Okay, that's 306 00:23:03,655 --> 00:23:06,858 Excellent. So the question is how do you build a brand around it 307 00:23:11,357 --> 00:23:16,038 What I would really like to do is to reach out to people to obviously 308 00:23:16,078 --> 00:23:19,259 build endorsement and awareness about the brand. At 309 00:23:19,299 --> 00:23:22,840 the moment, locally is 310 00:23:22,880 --> 00:23:26,281 where I've started with it, is to go and approach vet clinics to 311 00:23:26,321 --> 00:23:29,461 then get referrals for their clients. I'm like, okay, I need to 312 00:23:29,501 --> 00:23:34,062 think bigger than that and more outside of the box than that. How 313 00:23:34,122 --> 00:23:38,404 can I approach famous 314 00:23:38,424 --> 00:23:42,018 people, for want of a better word? Yeah, 315 00:23:42,038 --> 00:23:45,461 to sort of build my brand awareness but also to give back to them because 316 00:23:45,541 --> 00:23:50,144 I donít want to just go, ìOh look, this is a cool thing. Would 317 00:23:53,006 --> 00:23:56,769 So how many do you sell products? Do you sell a specific amount 318 00:23:58,730 --> 00:24:01,872 Theyíre very sporadic. Some months could 319 00:24:09,413 --> 00:24:12,515 Ideal customer is probably dog owners or 320 00:24:12,575 --> 00:24:16,217 horse owners. Horse owners are helpful because they're 321 00:24:16,237 --> 00:24:19,839 large animals and they're very hard to, you know, cremate. 322 00:24:23,501 --> 00:24:26,763 Okay, cool. So they're the specific animals that 323 00:24:26,783 --> 00:24:30,191 people become attached to the most, like a family member? Okay, 324 00:24:30,211 --> 00:24:33,454 cool. So how do you get your keepsakes in front 325 00:24:33,494 --> 00:24:36,957 of more people? So I think it's a matter of, you're 326 00:24:36,977 --> 00:24:40,160 already kind of doing it with the vets, but a couple of things I would 327 00:24:40,180 --> 00:24:44,624 do. Firstly, I would be 328 00:24:45,485 --> 00:24:49,909 blogging and posting on Instagram every single day. You're 329 00:24:57,054 --> 00:25:00,397 Okay. So I'd be doing, I'd be aiming for at least two posts a 330 00:25:00,417 --> 00:25:03,939 day. Yep. And what I would be doing too is I 331 00:25:04,060 --> 00:25:07,282 would be, I'd be learning the 332 00:25:07,362 --> 00:25:10,545 ins and outs of Instagram and I 333 00:25:11,165 --> 00:25:14,393 would be, uh, I'd be doing a 334 00:25:15,635 --> 00:25:18,819 different variety of content, but more often than not, it's just 335 00:25:18,899 --> 00:25:22,084 documenting your journey with your business. Okay. So don't 336 00:25:22,104 --> 00:25:25,649 have to overthink it. You don't have to be super creative, but the most important 337 00:25:25,669 --> 00:25:29,705 thing is people know you exist because you can't sell a secret. And 338 00:25:29,745 --> 00:25:33,028 so the idea of the Instagram would be over time you 339 00:25:33,048 --> 00:25:37,551 would want to be doing like collaborative, like 340 00:25:38,251 --> 00:25:42,154 shareable content with the vets via their own Instagram account so 341 00:25:42,174 --> 00:25:45,557 that it's going to their audience. So if I think about 342 00:25:45,617 --> 00:25:49,059 all the partnerships you want to create, you'd want to create partnerships with 343 00:25:50,300 --> 00:25:53,803 people like pet angels who come and collect your pet when it passes away. 344 00:25:54,898 --> 00:25:58,294 And pet angels have their own keepsakes, but at the same time, you could definitely partner 345 00:25:58,314 --> 00:26:02,061 with them for things they don't provide. And, and 346 00:26:02,081 --> 00:26:05,423 there's more than just pet angels that would do that service. So it's those 347 00:26:05,803 --> 00:26:09,424 services, it's definitely vets, but you could specifically 348 00:26:09,464 --> 00:26:13,606 partner with the type of vet that has a large Instagram following and 349 00:26:13,886 --> 00:26:17,587 database. And what you'd want to do is you'd want to incentivize them. 350 00:26:18,107 --> 00:26:21,709 So you either pay for placement or you give them certain things 351 00:26:21,969 --> 00:26:25,550 for their audience that they value. So you don't, so, so you actually like 352 00:26:27,331 --> 00:26:30,653 Right. I thought it was hitting a bit of a wall. I'm 353 00:26:30,673 --> 00:26:34,294 like, I don't want to just cold message without a 354 00:26:35,874 --> 00:26:39,315 Obviously, it's got a purpose for me, but for someone else, what are they getting 355 00:26:39,355 --> 00:26:42,476 out of it? Yeah, so you can cold message and how you would do it 356 00:26:42,516 --> 00:26:47,417 would be, you would start with $200 per referral 357 00:26:47,517 --> 00:26:50,658 in the top message in a DM. So they know 358 00:26:50,678 --> 00:26:54,020 they're going to get paid for whatever it is they're about to look at and read. And 359 00:26:54,040 --> 00:26:57,241 you can literally just start the sentence with that. And then you could, you 360 00:26:57,261 --> 00:27:01,222 could just DM them and say, Hey, this is, I have keepsakes. I'm looking to collaborate. I'm 361 00:27:01,302 --> 00:27:04,523 open to paying for collaboration and shout outs and, and, 362 00:27:04,843 --> 00:27:08,565 and cross-pollination of audiences. Is this something you're open to? Would 363 00:27:08,585 --> 00:27:12,066 you be open to, I do this. I'm looking to build my business. I 364 00:27:12,086 --> 00:27:15,967 want to work with local vets. You caught my attention because of these reasons. Would 365 00:27:15,987 --> 00:27:20,169 you be open to a collaboration? That's a win-win outcome. Because 366 00:27:20,229 --> 00:27:23,371 people aren't going to be closed off to a win-win outcome. They're going to be open to it, 367 00:27:24,332 --> 00:27:27,914 right? No one's going to say, no, I'm not interested in a win-win outcome. But when 368 00:27:27,954 --> 00:27:31,076 it comes to yet, when they say, yeah, I'm open, you have to definitely have 369 00:27:31,136 --> 00:27:34,257 something that's of value to them. Because what's of value to you 370 00:27:34,337 --> 00:27:37,519 is their audience. And so what they'll be saying is 371 00:27:37,579 --> 00:27:41,302 what's in it for me, right? And the fastest 372 00:27:41,362 --> 00:27:45,969 way to get what's in it for them is to give them money. That's 373 00:27:45,989 --> 00:27:49,311 the five, like, I'll just give you money. Right. So you got to, you could start there. 374 00:27:49,811 --> 00:27:53,253 And as you start to evolve this and have more conversations, um, 375 00:27:53,493 --> 00:27:56,635 you may want to actually then decide, well, actually I've got this in it for you. 376 00:27:56,875 --> 00:27:59,977 So there'll be other things you can provide that that might not be 377 00:28:00,037 --> 00:28:03,138 money, but at the outset, it's going to be money and 378 00:28:03,178 --> 00:28:06,680 what you'd want. Yeah, 379 00:28:06,740 --> 00:28:10,522 totally. And so you can literally DM every 380 00:28:10,642 --> 00:28:14,004 vet that's in Australia on Instagram. 381 00:28:15,600 --> 00:28:18,883 And DM them on LinkedIn too. I don't know if Vets might 382 00:28:18,903 --> 00:28:22,487 be on LinkedIn as well. But they're definitely going to have Instagram accounts for their own business. They're 383 00:28:22,547 --> 00:28:25,670 probably maybe going to have Facebook account, but Instagram is easier to get in touch with them. 384 00:28:26,351 --> 00:28:32,537 And possibly LinkedIn, right? And 385 00:28:37,887 --> 00:28:41,111 But you don't have to be there and physical in person to give you 386 00:28:55,697 --> 00:28:58,860 Fine. So it can be everywhere because a Zoom call 387 00:28:58,900 --> 00:29:02,103 is as good as a meeting. But referral partnerships is 388 00:29:02,243 --> 00:29:05,486 one form of marketing. What you want to look at from your Instagram is 389 00:29:05,526 --> 00:29:11,072 you want to probably find a couple of reels that work well. So 390 00:29:11,132 --> 00:29:14,415 when you're putting content out, watch for the content that really hits 391 00:29:14,475 --> 00:29:17,990 home to get a lot of followers. And those 392 00:29:18,030 --> 00:29:21,512 that work well, all you would probably want to do in the first instance 393 00:29:21,672 --> 00:29:25,053 is start paying and hit the blue button that says boost and boost for followers 394 00:29:25,093 --> 00:29:28,434 for that particular reel that you did. And as people are 395 00:29:28,474 --> 00:29:31,676 coming in and following you, you want to hit the follow back button and then you 396 00:29:31,696 --> 00:29:36,277 want to actually have a conversation with them in the DMs. Got 397 00:29:36,317 --> 00:29:39,559 it? So yeah. So, and one of the things you 398 00:29:39,599 --> 00:29:44,020 can do is like, you can also follow the pet 399 00:29:44,340 --> 00:29:48,169 accessory pages. because all your perfect 400 00:29:52,211 --> 00:29:55,672 Potentially pet food, depending on what kind of pet food it is. Dogs obviously 401 00:29:55,692 --> 00:29:58,913 is one that you want to go for. And if you just went and 402 00:30:05,375 --> 00:30:08,836 And so you can actually like, you can start 403 00:30:08,876 --> 00:30:12,077 to DM and follow some of those key customers, particularly ones that have, 404 00:30:12,297 --> 00:30:15,378 you know, a few hundred friends on their Instagram. And you can start to 405 00:30:15,398 --> 00:30:19,116 have conversations with your customer. Right. And 406 00:30:19,136 --> 00:30:22,438 they'll find your page and so forth. Now, when their dog passes, they might see 407 00:30:22,458 --> 00:30:26,021 you, but what will happen is you'll start to attract that followership to 408 00:30:26,081 --> 00:30:29,604 your Instagram account. And then as you start to 409 00:30:30,585 --> 00:30:34,048 boost more of your stuff and advertise your product range, you 410 00:30:34,088 --> 00:30:37,890 can very much like you can select your audience. And 411 00:30:37,951 --> 00:30:41,113 what you will want to do is have a specific reel for 412 00:30:41,353 --> 00:30:44,396 one product that is your best selling product and have a 413 00:30:44,476 --> 00:30:48,900 link for them to actually go and buy it. So 414 00:30:48,940 --> 00:30:53,602 you could do a reel that's selling your best keepsake and 415 00:30:53,742 --> 00:30:56,924 have an ad that's crafted to hit an audience where they've just lost a 416 00:30:56,964 --> 00:31:00,245 dog. And you can literally pop 417 00:31:00,326 --> 00:31:03,447 up in front of their feed with that ad and either have it 418 00:31:03,607 --> 00:31:06,889 click a link to go buy your thing or click follow to follow 419 00:31:06,909 --> 00:31:10,290 here. And you can have a conversation in the DMs. But paid ad 420 00:31:10,330 --> 00:31:13,732 strategies to a specific audience targeted 421 00:31:13,792 --> 00:31:17,080 for a specific time for a specific thing. is 422 00:31:17,160 --> 00:31:20,403 the power of paid traffic, and you need to harness it. But at the same 423 00:31:20,443 --> 00:31:23,646 time, you're building your Instagram account organically, you're looking at 424 00:31:23,686 --> 00:31:26,829 what works, you're testing different content, and then 425 00:31:26,909 --> 00:31:30,011 one that hits, do an ad around it, pay the money to target your 426 00:31:30,051 --> 00:31:33,274 audience, get them to come in, buy your keepsakes. And that's probably 427 00:31:33,294 --> 00:31:37,478 the fastest way to build customer acquisition. Meanwhile, 428 00:31:43,643 --> 00:31:46,944 Yeah. I guess 429 00:31:47,084 --> 00:31:50,427 I targeted that mostly because they would be 430 00:31:53,971 --> 00:31:57,314 They're referral partners. So they will send 431 00:31:57,354 --> 00:32:00,697 you consistent, hopefully over time, consistent customers. But 432 00:32:01,218 --> 00:32:04,421 you can also target people who literally have just lost their pet today in 433 00:32:07,223 --> 00:32:10,848 You just put an Instagram ad together. If 434 00:32:10,888 --> 00:32:15,352 you go to Udemy, have you heard of Udemy? Udemy, U-D-E-M-Y. 435 00:32:16,874 --> 00:32:20,137 Go in there, get a course for cheap on how to craft 436 00:32:20,157 --> 00:32:24,281 an Instagram ad. Watch it, then 437 00:32:24,321 --> 00:32:27,684 go craft an Instagram ad to your perfect audience, to 438 00:32:27,704 --> 00:32:30,908 your best keepsake and see if you can make a sale. Yeah. 439 00:32:31,509 --> 00:32:34,732 Right. Beyond that, there's things about you can do with your landing page, where 440 00:32:34,752 --> 00:32:37,916 they're going, et cetera, et cetera. There's more to it than just that. But 441 00:32:37,936 --> 00:32:41,880 with, try just with Udemy, craft the ad on your Instagram and 442 00:32:46,445 --> 00:32:49,547 But there's lots to it, right? There's branding over time, content you've got to put 443 00:32:49,587 --> 00:32:52,949 out each day, do your referral partnerships with your vet, but at the same time, 444 00:32:53,029 --> 00:32:56,712 do a small paid strategy. But the most important 445 00:32:56,752 --> 00:32:59,894 thing is that you have to understand that this is going 446 00:33:05,117 --> 00:33:08,259 That's just how it is. Got 447 00:33:09,980 --> 00:33:14,622 Totally. Yeah, absolutely. So go do that. Yeah, 448 00:33:14,822 --> 00:33:18,884 absolutely. Just stay with it. Go and keep testing these things. Also, 449 00:33:19,104 --> 00:33:22,665 last bit, find an account that's already marketing keepsakes 450 00:33:22,945 --> 00:33:26,626 like yours, perhaps in a different country like the United States, and 451 00:33:26,846 --> 00:33:30,547 model exactly what they're doing. Clone 452 00:33:30,687 --> 00:33:33,868 them. How they 453 00:33:33,888 --> 00:33:37,429 post, you post. Model their ads. Model their organic 454 00:33:37,509 --> 00:33:41,290 feeds. Ask them questions. Model their whole setup. Model 455 00:33:41,310 --> 00:33:44,649 their landing page. Funnel hack them. Instagram hack them. 456 00:33:45,390 --> 00:33:48,571 Literally just model them as close as you can. That's probably one of the best things you can 457 00:33:55,813 --> 00:33:58,954 Bloody marvelous. Thank you for calling to the Wealth Hotline. It's been awesome chatting with 458 00:33:58,974 --> 00:34:02,556 you, Kirstie, and good luck, and you're going to smash it. Thanks so much, Lloyd. 459 00:34:05,077 --> 00:34:08,858 Bye-bye. There you go. Pretty 460 00:34:08,878 --> 00:34:13,642 tricky one, that one, because there's so much to Building 461 00:34:13,662 --> 00:34:16,765 a business. But you can't sell a secret. So I 462 00:34:16,785 --> 00:34:20,128 think a lot of people don't realize you've got to document what you're doing on 463 00:34:20,188 --> 00:34:23,471 social media. It's the biggest notice board in the world. And you can't 464 00:34:23,511 --> 00:34:26,914 sell a secret. You've got to be on there. You've got to be documenting, paid traffic, referral 465 00:34:26,934 --> 00:34:31,778 partners, bit by bit, each day, each day, each day. Yeah, 466 00:34:31,798 --> 00:34:34,940 what are the comments? We've got comments. Come on. Come on the comments. Here 467 00:34:34,980 --> 00:34:38,263 we go. G'day. How are you going? Get 468 00:34:38,303 --> 00:34:41,483 a bloke up your mouth. We run a 469 00:34:41,503 --> 00:34:45,736 home dog room biz. Both of us work full time. Cool revenues. Wow. Wow. 470 00:34:45,756 --> 00:34:49,398 That's so good. Revenue five to six K a week. Current 471 00:34:49,418 --> 00:34:52,499 expense is $300 a week. That is so good. Looking at a 472 00:34:52,559 --> 00:34:55,860 shop, $800 a week rent. How 473 00:34:55,880 --> 00:34:59,121 do we judge if this movie is financially viable and sustainable? That's a really good 474 00:34:59,141 --> 00:35:02,422 question. Get a bloke up 475 00:35:02,462 --> 00:35:06,183 here. Home, dog grooming, biz, both 476 00:35:06,223 --> 00:35:09,723 work full-time. I'm assuming you're working full-time 477 00:35:09,804 --> 00:35:13,156 on the business. So you're making five 478 00:35:13,176 --> 00:35:16,320 to six grand a week on $300 a week. So my question is 479 00:35:17,222 --> 00:35:20,385 why, why, why do you need a shop? And if 480 00:35:20,405 --> 00:35:23,548 the answer to that question is because we want to separate our business from our 481 00:35:23,588 --> 00:35:28,993 home, we feel like we can charge more if we have a place, we can find 482 00:35:29,133 --> 00:35:32,836 efficiencies by having a workplace, etc. If 483 00:35:32,896 --> 00:35:36,239 that's the case, then you've got to understand, is 484 00:35:36,439 --> 00:35:39,662 the 800 a week, is the juice worth the squeeze? And does the 800 a 485 00:35:39,702 --> 00:35:43,905 week eliminate the 300 a week, or is it 800 plus 300, so it's 1100? Looking 486 00:35:43,925 --> 00:35:47,327 at the margins of the business, the business can easily – I don't understand 487 00:35:47,347 --> 00:35:51,150 the other cost but it looks like it's only 300 bucks. So you're probably netting 5 grand 488 00:35:51,170 --> 00:35:54,592 a week. You can easily afford a shop 489 00:35:54,632 --> 00:35:58,394 for 800 a week. You can. But you've got to make sure what's the objective. 490 00:35:58,734 --> 00:36:02,437 Is it just so you can say you've got a place of residence or is it actually going to create efficiencies 491 00:36:02,817 --> 00:36:06,039 that are worth more than 800 a week? So if you can earn more 492 00:36:06,059 --> 00:36:09,603 than 800 a week, you can either put your prices up, you can build efficiencies, you 493 00:36:09,643 --> 00:36:13,006 can leverage more, you can build better, like whatever 494 00:36:13,086 --> 00:36:16,590 it is, it's got to be worth more than 800 a week. Otherwise, 495 00:36:17,251 --> 00:36:20,454 stay where you are, right? So judge it 496 00:36:20,494 --> 00:36:23,857 like that. Would the juice be worth the squeeze? But from all 497 00:36:23,898 --> 00:36:28,538 accounts of what you give me here in the comments, the 498 00:36:28,578 --> 00:36:31,820 business can handle it. Does that make sense? And it's 499 00:36:31,840 --> 00:36:35,101 also tax deduction. Anyway, that's a cool question. You can't 500 00:36:35,141 --> 00:36:38,543 sell the secrets of teaming, create partnerships. This must be Alicia. This 501 00:36:38,583 --> 00:36:41,944 is my amazing wife. This is why you got to marry well. That's the best advice I 502 00:36:41,984 --> 00:36:45,326 can give you on money. Marry well. Think about it for them. She's on there. All 503 00:36:45,366 --> 00:36:48,567 right, that's it. Cool. That was a fun one. We got a little time left 504 00:36:48,607 --> 00:36:52,077 here. We got time for one more, huh? Two 505 00:36:52,117 --> 00:36:55,219 more. Okay, let's go. What do we got? Next person. That 506 00:36:55,239 --> 00:36:58,661 was a fun one with Kirstie. Go, Kirstie. That's awesome. Okay, let's call Mark here. 507 00:36:59,281 --> 00:37:02,443 Your call has been forwarded to voicemail. The person you're trying to 508 00:37:02,503 --> 00:37:05,665 reach is not available. Same. At the tone, please record your 509 00:37:09,161 --> 00:37:13,762 Joseph, Lloyd, you're on the Wealth Hotline, my friend. Anyway, 510 00:37:13,782 --> 00:37:16,923 we've phoned you. You may have been held up. So just 511 00:37:16,943 --> 00:37:20,203 leaving you a voice message to say, hey, perhaps next month, if you're free, we can jump on again. 512 00:37:20,623 --> 00:37:23,944 But shoot me a text back when you get this, and I'll talk to you soon. Bye. That'll 513 00:37:23,964 --> 00:37:27,485 be it today for our Wealth Hotline. We've done three good questions 514 00:37:27,505 --> 00:37:30,926 there. The other two guys, they're incapacitated at 515 00:37:30,966 --> 00:37:34,247 this present time. So that's what happens if you do it at lunchtime. Everyone's at work, 516 00:37:34,287 --> 00:37:37,609 right? So anyway, look, here's what we do. With the 517 00:37:37,649 --> 00:37:41,991 new Wealth Hotline, this is how it works. Every month, I 518 00:37:43,532 --> 00:37:48,395 send out a little invitation to our Telegram channel. That's LloydsTelegram.com. Also, 519 00:37:48,415 --> 00:37:51,676 if you follow me on Instagram, there's an Instagram broadcast channel there you can follow. 520 00:37:51,696 --> 00:37:55,078 I put it in there as well. And then potentially to specific people 521 00:37:55,118 --> 00:37:58,860 back on our database and in our Facebook group, which is Money Buys Happiness. So 522 00:37:58,880 --> 00:38:02,921 if you want to call in for a call about anything related to wealth, obviously 523 00:38:02,941 --> 00:38:06,002 you heard some business stuff there, some money stuff, investing stuff, whatever it 524 00:38:06,102 --> 00:38:09,443 is, you're welcome to call in. We just do this once a month for 525 00:38:09,463 --> 00:38:13,244 an hour a month. All right. And each call typically goes for 10 minutes. You're 526 00:38:13,264 --> 00:38:16,648 welcome to ask the question. So if you see that go out, you 527 00:38:16,708 --> 00:38:20,629 can actually call in and hive high value calls, right? That 528 00:38:20,669 --> 00:38:23,891 can change the future for you. So I hope that makes sense. Hope 529 00:38:23,911 --> 00:38:26,992 you've enjoyed it. And thanks for leaving the comments. It's great to get some interaction there in 530 00:38:27,012 --> 00:38:30,553 the comments. If you've got any questions or other comments, pop them below. I'll 531 00:38:30,593 --> 00:38:34,794 come and reply to them. And I look forward to doing this again, live next 532 00:38:34,854 --> 00:38:38,119 month. The Wealth Hotline, let's go. See you soon. Thanks for 533 00:38:38,179 --> 00:38:41,723 listening to Money Grows on Trees. If you enjoyed the episode, leave a five-star 534 00:38:41,743 --> 00:38:45,106 review on Apple Podcasts and Spotify and subscribe to 535 00:38:45,186 --> 00:38:48,649 us on YouTube so you never miss an episode. And if you're serious about building 536 00:38:48,689 --> 00:38:52,092 wealth, make sure to check out the links in the show notes and follow me on 537 00:38:52,273 --> 00:38:55,856 all social media platforms, at LloydJamesRoss for