Pay your rent and I'll give you the house, with Ike Udechuku (Pathway Points)
How to Lend Money to Strangers
Brendan le Grange
5 • 2.6K Ratings
🗓️ 9 March 2023
⏱️ 60 minutes
🧾️ Download transcript
Summary
Imagine you rent your home. Now imagine your landlord gave you a straight choice: (1) pay rent for forty years, renewing the lease biennially for the rest of your life, or (2) pay the same rent for thirty years at the end of which your landlord gives you the house.
Pick your answer, but don't tell me yet, because I have one more pair of choices for you, this one from the funding side of things.
This time I want you to imagine yourself as an investment manager at a pension fund with £1 billion to invest, would you rather place it in (1) a 40-year gilt to earn an inflation-adjusted return of zero or (2) buy the right to receive monthly rent from a club of motivated renters that give you an inflation-adjusted yield of two or three per cent for forty years?
OK, now let me guess... hmmm, you picked two and two, right?
Yeah, I'm not a genius for knowing that. It's simple. And yet... also quite complicated. My first degree was in structured finance, so I really should have a handle on this bond pricing stuff, and how to split income streams from asset growth, but when I went from university into lending instead, I promptly forgot it all.
My guest today, Ike Udechuku, has no such blind spot. With a, frankly astonishing, track record in the bond markets and a passion for property and property management, he looks perfectly positioned to shake up these two huge industries with Pathway Points - which will give both investors and renters a way to answer 'two' to those simple questions.
You can learn more about Pathway at https://thepathway.club/ (which includes some great little video clips explaining the process), but you should also follow them on LinkedIn (https://www.linkedin.com/company/pathway-points/) where they publish regular insights
If you're an investor, you can reach out to Ike on LinkedIn to start a conversation: https://www.linkedin.com/in/ikeudechuku/
We mentioned Ampersand House, and if you'd like to see more of that, check out this great article from 2017: https://www.architecturaldigest.com/story/ampersand-house-everything-is-for-sale
Ike mentions Sharia mortgages in our conversation. In episode 88 of this show, Abdullo Kurbanov explains murabaha in more detail
I mention an accidentally pilfered Alvar Aalto glass vase, see how this vase may have inspired the swimming pools that inspired modern skateboarding https://99percentinvisible.org/episode/the-pool-and-the-stream/
You can learn more about me on my LinkedIn page, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is at https://confirmu.com/ and on episode 24 of this very show https://www.howtolendmoneytostrangers.show/episodes/episode-24
If you would like to participate in the show, reach out to me at https://www.howtolendmoneytostrangers.show/contact-us
Regards, Brendan
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Transcript
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| 0:00.0 | How's it going? It's Jay Kumpfrey here from the High Performance Podcast. |
| 0:03.3 | Brought to you in association with Virgin Money's M Account for Business. |
| 0:07.0 | I am calling all upstarts because Brighter Business Banking is here. |
| 0:11.6 | Sign up for Virgin Money, M Account for Business, and you can unlock free day-to-day online |
| 0:16.8 | business banking, discounts, and smart digital tools to manage your business. |
| 0:21.7 | You also get 0.25% unlimited cashback on eligible M Account for Business debit card spends, |
| 0:27.6 | eligibility terms, and exclusions apply. |
| 0:30.1 | Manage it all in one place with their free insights and their forecasting dashboard M-track, |
| 0:34.9 | which is also available to customers who register for Business Internet Banking. |
| 0:38.6 | Not available outside the UK, 18-plus, Virgin Money is a training name of Clydesdale Bank PLC. |
| 0:46.4 | We've something that's purely digital, such as finance. |
| 0:50.8 | It's incumbent upon the industry to look at the fact that you can change infrastructure |
| 0:56.6 | and regulation really quite quickly if you can agree to do so. |
| 1:01.4 | A agreement could be in the blink of an eye, and I've been saying to people, |
| 1:06.0 | if you just took a clean sheet of paper and arrived and looked around at the way |
| 1:10.6 | the world actually is and then built rules around that and studied it, |
| 1:14.4 | and then through in a little bit of money, I could build in pounds, a small amount, |
| 1:17.2 | because it's home finance, it has to start at that scale. |
| 1:20.0 | Then you'd be able to do extraordinary things, and people would say, |
| 1:22.8 | oh no, no, no, don't load too many features onto this. The story of pathways that we're saying, |
| 1:28.7 | we're going to do just one thing. When I describe it, people say, |
| 1:31.5 | we're trying to do 15 things. We're going to do one thing. It just life is complex. |
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