S4E8 - Why Bother Building Wealth?
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 25 January 2017
⏱️ 47 minutes
🧾️ Download transcript
Summary
This week I welcome back friend of the show and previous guest, Chris Budd of Ovation Finance. Chris is going to help us find the reason for building wealth. After all, the idea is not just to get rich, but to enjoy that money one day.
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Sponsor Message
This podcast is brought to you with the help of Seven Investment Management, a firm of investment managers based in London. They specialise in multi-asset investing, bringing institutional investing techniques to ordinary people like you and me. 7IM put their name to my show and to my site because they believe in what I’m doing, trying to get decent, easy-to-understand financial information out to the world. I’m very grateful to them for their support. You can see what they’re up to at 7im.co.uk
Why bother building wealth?
Multi-asset funds should, in my not-so-humble opinion, form the core of anyone's portfolio. They are a kind of fire-and-forget, off-the-shelf, done-for-you portfolio of assets, which will work for you over time.
In this session, you'll discover:
- Chris' definition of what wealthy means
- Some of the different motivations he has come across in his career
- The questions Chris asks to help people discover and verbalise their objectives
- The issues that often hold people back
- The ways that Chris has helped people overcome these self-limiting beliefs
- The link between clarity of a vision and its likelihood of being realised
Resources mentioned in this show
Book: The Financial Wellbeing book - buy from Penny Brohn (more proceeds to the cause)
Book: The Financial Wellbeing book - buy from Amazon (only if you have to!)
Chris' Financial Planning practice: Ovation Finance
Podcast: How to talk to your partner about money
And of course, there's always a transcript of the show available by clicking the mahoosive blue button below: [Coming Soon]
Join the conversation
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Question: What is your definition of becoming wealthy? Let me know in the comments section below.
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast Season 4, Episode 8. |
| 0:04.0 | I said, why do we have to tell the people what they need to hear? Why can't we just tell them what they want to hear? |
| 0:18.3 | This is the award-winning podcast dedicated to helping you put your finances in order. |
| 0:24.1 | My name is Pete Matthew, and I'm going to share with you everything you need to know and |
| 0:27.8 | everything you need to do to secure your financial future. |
| 0:31.2 | I'm here to help you with me once again. |
| 0:44.5 | We've got a funny little echo thing. |
| 0:46.3 | No, no, no, no, okay, no, good. |
| 0:48.0 | Production values remain intact. |
| 0:49.4 | That's ever so good. |
| 0:51.2 | Great to have you back. |
| 0:52.4 | This week I welcome back a friend of the show, previous guest, |
| 0:55.2 | Chris Budd of Ovation Finance, a fellow financial planner and a friend. And Chris is going to help |
| 1:00.6 | us find the reason, find the why for our wealth building. Okay, after all, the idea isn't just to |
| 1:06.8 | get rich, but to enjoy that money one day, to put it to good use, whatever your definition |
| 1:11.9 | of good use is. Okay? So Chris is going to help us with that. Give us some things to think about. |
| 1:16.9 | After the interview, I'll look at a couple of reviews that have been left. I'll announce what we're |
| 1:20.5 | going to be talking about next week. Before all of that, though, of course, remember this podcast |
| 1:24.1 | is brought to you with the help of seven investment management, a firm of investment managers based in London, and they specialize in multi-asset investing. |
| 1:31.5 | Remember that? |
| 1:32.0 | I may have mentioned that a time of two last week. |
| 1:35.0 | Multi-asset investing brings institutional level investing techniques to ordinary people, |
... |
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