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WealthBuilders for Families: Suzi Carter

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Unknown Speaker 0:01
The purpose of wealth talk is to educate, inform, and hopefully entertain you on the subject of building your wealth. Wealth builders recommends you should always take independent financial tax or legal advice before making any decisions around your finances.

Unknown Speaker 0:20
Welcome to Episode 216 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders joined today by our founder Mr. Kevin Whalen. Hello, Kevin. Hi, Chris. Good to be with you again today. It's been an interesting week, isn't it? Yeah. Well, we took a trip up north, didn't we? And we had a fantastic event up in Manchester, where we met many of our existing members. And also some people who've been listening to the podcast that hadn't yet dip their toe in the water. But it was really, really good to meet everyone face to face. Last week, you had a bit of a nosebleed going up more than you know. Not quite, it was fine getting up there. We had a big delay on the way back though, didn't we? neared we did. Unfortunately, we had a three hour delay on the train on the way back. That's always a bit disappointed when we go through a lot of conversations you and I and a lot of work as well. So very useful. And good podcast, by the way. Again, today. Very useful. Lot of people were asking questions in Manchester about families and how to be a great money role model. So you pulled out some really good lessons from our guests today. Yes, our guest today Susie Carter. She is no stranger to wealth talk or to the wealth builders community and Susie's been a property investor, specifically commercial property for over 30 years now. So very, very experienced and respected. And she's the founder of the commercial property Academy. This week, was focusing more on Susie's family and how she's been introducing the concept of money and finances to her two children, who are Felix and Digby and of course, her husband involved in that process as well. So we're gonna dive into some of those questions today. And yeah, it always insightful, always insightful. buncee obviously gave a little bit of an insight at the start of the interview you had with the to Chris, which was really about this concept of wherever there are challenges, there always opportunities, if you can focus on the niche that you're in. So she's mentioned, there's been quite a dramatic kind of change, I suppose in evolution, in many respects, of the commercial property market and no shortage of opportunities, despite the fact the sort of macro economic picture remains somewhat uncertain. But uncertainty always brings opportunity. And we constantly hear our focused wealth building experts say the very same thing and no surprise to hear it from Suzy as well. Yes, absolutely. Yeah, the importance of focusing on nation strategy, regardless of what asset class you're focusing on, because we know that there's so much out there so much choice and that can lead to overwhelm. We've seen that inside our academy with our own members, and hence why we are there to provide a clear roadmap so people can follow step by step with support as well from coaches and from peers. Exactly right. Because it's very easy to get caught up, particularly in uncertainty to sit on your hands and do nothing. But it's the very opportunity that is presented by uncertainty that I think, is worthwhile, even if it's to diversify into something else, because the importance in the long term perspective of wealth building is to work out ways to deal with risk. And while there's uncertainty, there are different risks. So if you can de risk diversify, you get yourself in a much stronger position. So sometimes it's important to have more than one strategy or more than one niche. So you might be initial property, initial investing, initial business, and so on, and try and create and spend some time in some of those opportunities when other things closed down or looking for you. Yeah, and just again, around the importance of having connections and community. I'll just quickly mention the next event that we've got coming up, which is in London, on the 14th of November, and that's going to be a networking and cashflow 101 evening. So the opportunity to come and play Robert Kiyosaki is cashflow one and one game, which is a board game really fun learning the rules of money. But if you don't fancy playing the game come along anyway, because that'd be an opportunity. Hopefully, you'll be there as well, Kevin, to just have a drink and chat with other like minded wealth builder members. Well, you mentioned the word drinks on bank,

Unknown Speaker 4:26
glass or red will be available. I'm sure so All right. Well, if you're interested in come along to that event, head to the wealth builders website, wealth forward slash events. All right, I think it's time for us to head on over now to our conversation with Susie Carter. Susie, welcome back to wealth talk today. How are you? Yeah, good. Thank you, Christine. Nice to see you again. I know and I was looking back last time we spoke on the podcast, I think it was just after COVID times and we're looking at the market which I guess was in turmoil back then. Really wasn't it? Yeah, it definitely was. So that's it.

Unknown Speaker 5:00
We were all kind of wondering what the heck was happening. But actually, the commercial market took a bit of a bit of a climb after that, and, and really improved. So yeah, really interesting kind of where that one ended up. Yeah. Well, you're obviously the founder of the commercial property Academy, many, many years of experience behind you, which, you know, we talked about that on the previous podcast, but um, what opportunities are you currently seeing in the property market right now, Suzy? Yeah, well, obviously, as you say, I'm a commercial property expert. I've been in that market for almost 30 years that which is a bit scary. This will be my kind of third proper cycle that I've seen. And I'm definitely seeing all the signs of previous cycles, previous downturns in cycles in the commercial market. And obviously, I'm talking about commercial here, not residential, you can see that lending is really starting to see that which is really affecting the commercial market, it's really affecting pricing, interest rates going up is obviously got a big part to play in that. And so on one hand, you can look at that as a negative, but I mean, all I'm seeing is opportunity, really, is that as long as you're in cash at the moment, so all got certain strategies where you can get commercial finance. And you understand what your niche is and what your strategy is in commercial, think over the I don't know how long it's going to last for but over, say the next six to 18 to 24 months, there could be some fantastic opportunities in the market. And we're already seeing that happening right now. We've just bought a business out of administration actually, and, you know, at a significant discount, so we're definitely seeing more administration's in the market. Again, you know, if you've got money to invest, and you're active in this market, there's some good opportunities. No, thank you for the update there. And I'm sure you know, we all members will, you know, be changing tax as the market changes, and of course, with your support behind them, be able to get those successes. So, today, we're talking around the topic of family, Suze, you've been in business yourself, you say there for 30 years, and you came from a corporate role, like working in the industry as well. And we're going to cover you know, just the broad conversation today around, why is money not taught in schools? What's your experiences from childhood as well, and some of those learnings now how you're passing that on with your own children to teach them and become better equipped as they become young adults as well. So let's start with your family. Susie, tell us a bit more about the members of your family. There's myself, my husband, Ben, and we have two boys. So we've got Digby who is nine, I think they need almost 10 And Felix who is eight. So they're starting to get to the age where they definitely need to start learning about money and how to deal with it and try to start the knife early. What are their interests right now, Susie, poke him on football, that you love music actually play quite a lot of music at school. My eldest son played the double bass, the younger one plays piano. They like musical theatre as well, actually the older one. But yeah, do usual boy stuff got a cricket, football, rugby, poker, bong, stuff like that. And obviously, they see you working and they see some of your profile online videos. They understand I imagine what it is that you're doing day to day? How this conversations around business, beginning to evolve? Are they becoming curious as to what you do? And the fact you work for yourself? And you're not working for somebody else? Yeah, it's really interesting. So one thing I feel really passionate about is that I think that the whole job market, the whole environment, corporate jobs, job market, I think is changing now. And by the time they get out into the world of work is going to be so significantly different than it is today. I don't think we can even comprehend how different it's going to be, you know, with the advent of AI, and you know, all the kind of structural and global changes that are happening in the workplace. So one thing that I'm really, really keen to instil in them, but we talk about a lot is, you know, benefits of being an entrepreneur. So I've taught them, like my eldest son, even now he can quote it ad live about, you know, how do you find a product to sell to the market? Well, you need to find where you get to add the most value to those people, you know, and that could affect your pricing and all that kind of stuff. So I'm trying to kind of instil in them, that kind of stuff. And it's really interesting, because already my eldest son, like, we need to be starting to choose schools for him. Secondary Schools, and you go to these open days, and the ones that turn me right off are the ones that say, Oh, yes, well, we want them to get the best job or for the job market or whatever. And I just think I just find it so frustratingly naive that these schools are still on the old modus operandi of which are going to churn you out. You're going to go into higher education, then you're going to go into a corporate job or whatever. And

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You know, I just think that's fine. You know, one of my sons could quite possibly be an engineer or something like that, actually, that's kind of you know, that's, I can see that already. That's kind of his skill set. And if he wants to do that, then absolutely higher education. And that route is absolutely the right thing to go down. But equally, I think that the education system needs to be starting to kind of really change its attitude towards how it's dealing with children, and how it's educating them, because it's just not equipped to work for where I think that we're going to over the next kind of 10 to 20 years. And that's a conversation has been taking place for a long time, right? Why schools not starting to evolve? And why do you think that is Susie, I'm not an educationist. So I don't know, the actual reason. But I suspect that schools are the last things to catch up with where the world is, if you think about the way that our schooling system is structured, it's actually structured for Victorian industry, everybody's sitting in a classroom looking at a blackboard or a whiteboard these days, and learning things that was absolutely well equipped, at the end of the 19th century, for people being churned out into kind of the industrial economy we had, then, it's absolutely not the right way, what my eldest son is actually dyslexic. And the way he learns is by doing and feeling and interacting with his learning. And actually, the school he goes to does do that a lot. But I can see as they move up, the education system that just gets less and less, you know, who do loads of that in nursery. And as they go through the school, it just gets gets less and less. And I, I just think that most perception, and I don't know whether this is right or not, my perception is just that. A the government has got all these tests and exams, and teachers, you know, I sympathise greatly because they have all these, you know, tick boxes to achieve. And being innovative in the education system. There's just no room for it at the moment. And so how can they break out to that if you know, the school is seen as failing by inspectors, if they don't achieve all the tick boxes? It just feels like it's totally broken into the system? And that's the question we've been asking really Susie is if your children aren't learning about finances at school, then where are they learning about it? And, of course, could be social media. Hopefully, it's at home. So let's hear about perhaps some of the things that you've been doing with them. And and also as they've grown up, right, because the lessons and the conversations when they're young, four or five years old, to where they are now are going to be very different. So can you remember when perhaps, you know, the first interaction with money was for them. I genuinely blocked out the early years.

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It's interesting, because being self critical, I probably could have done a lot more. In their early years. I know their grandparents, I've always done a lot, they've always given them a little purse with some pound coins, and they're taking them to car boot sales. And they've been able to spend with their own money. We do that now with them as well, you know, they have their own money. And then when it's gone, it's gone. We've talked a lot, try not to spoil them. So try not to, I want that, okay, well buy it for you, like the Daffy tried not to be that type of parent, and also kind of tried to show them the properties we invest in and the work we do so that they understand kind of where the money comes from. So just kind of gently holding their hand on the journey really kind of way back when when they were when they were smaller. How did you or do you approach pocket money? Because, you know, people have differing views of whether there's some sort of exchange, you talked about understanding value now, right? So you know, just giving money? Was there any kind of exchange or a method of understanding that? Perhaps you need to save or you need to divide that money up for different things? Yeah, so that is one that I've really grappled with. And I'm not convinced that pocket money is the right answer to it. But an example is, do they get birthday money or Christmas money? And if they want to spend it on rubbish, like, I don't let them that we talk about investing and how you can earn interest. And I'll give you example of that in a minute. But we went out shopping on Saturday with to get some school shoes, which I bought. But then we went to another shop and they were like, I really want that Pokeyman t shirt. And I was like, Well, if you want it enough, you can buy it for yourself. Oh, no, I'm not wasting my money on that. I was like, Well, you can't want it enough. That's, that's fine. I'm not buying it for you anyway, they actually bought it themselves. And it's really interesting to see that how much they love that T shirt because they bought it. It's a completely different value that they've put on it. It's not just on mugs just bought it and therefore it's easy. Actually, what we're just starting to introduce and we're not there yet, like it's a bit of a task is there's a book called the entitlement trap. I forget who the author is, and it's something that really read

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sedated with me as a system of teaching your children about money, the value of money, it's also got a load of other stuff about values and family interaction. And you know, closest as a family, I would recommend anybody to read it actually, I think it's one of those where you could do everything, or you could just pick little bits out of it. But basically, what, what they recommend is having like a family bank, and that actually, you don't buy your children anything. So school uniforms, school shoes, treats, anything, obviously, food for the house, etc, is excluded. But anything that is theirs, they have to get out of the Family Bank, and therefore, the value they will then put on that because it's not just being given to them is significant. So that's just something that the kind of back half of this year with, we're starting to introduce. So I'll let you know how that goes in due course. Yeah, no, that sounds like an interesting trial for sure. And you've commented there about interest. I know you've just recently come back from a nice family holiday, there was some interesting things that you were doing over there as well, to help them learn a bit more about that. Yeah, I wish I could say that this was completely intentional. I totally planned it. But it was one of those opportunities you get as a parent to be like, being aware of what you want to teach your children, you kind of jump on it. So I think awareness is a really big thing as a parent, you know, to try and use little moments to actually teach your children big life lessons, actually. And this is a really good example. So yeah, we were very lucky enough to go to Thailand for a few weeks at the beginning of the summer. And we had lovely family holiday. But before we went, the boy's grandparents gave them a little wallet with some Thai baht. So I think it was 700 baht each, which I think has gosh, I forget now it feels like a lifetime ago, but I think it's about 20, between 20 and 25 pounds. And that was they're going to be they're spending money for the holiday. So we got over there. Day one, we got into a taxi from our hotel to go to one of the palaces or temples or something, but we were going to and obviously we're like sitting at the tech feed all the craziness going on around us. I could see that the taxi metre with but in the hundreds I only had like 1000 Plus and I and so I said to one of the boys Oh, can I? Can I borrow some of your hundreds? Because they had hundreds in their wallet? Can I borrow your whether your hundreds and they were like Oh Mummy, are you going to pay interest on it? You know, I thought okay, I think if I taught you to well here, I said okay, I'll do a deal with you. How about if we borrow money from you on this holiday, I'll pay you 10% interest. Now I know that's extortionate level of interest. It was partly because I was on a holiday. And I didn't want to have to calculate any lower percentages on it, I'll pay you 10% daily on what we borrow. I also knew they didn't have 1000s of 1000s as well, which would have been a little crippling for the holiday. Anyway, so the way that it kind of unravelled was that they were so desperate to lenders that money. And I'd already talked to them previously about you know, you don't just necessarily have money and then go and spend it what your best to do is your best to keep the capital invested and spend the interest. That's kind of the way it should work. And then the lesser or greater degree. And so anyway, it turned out that I've basically borrowed although or my husband and I, we borrowed all their money. And by the end of the holiday, they actually came back with more than they actually took with them significantly more actually. I mean, it wasn't going to break our bank. But unfortunately, I wish I wish to wish I could say that they've come home, you know, they've saved it all up or whatever. But actually what happened, they went to a market at the end, and there was a load of football strips, and they really, they wanted to spend their money on that. But actually, each of them got one more football strip out of it than they would have done otherwise. And it was like a really nice reward for them. And so it was really interesting, you know, like, and it was almost like, there was no way I can pay you back now and I don't pay us back. It's fine. You know, we're happy to earn the interest. And it was actually it was really accidental. But it was really it was really great. And it was really pleasing. And I know that that's a big life lesson they've learned. And so we're trying to carry that on now in terms of you know, so my husband and 4 million, sorry, my eldest son informed me the other day that I owed him 50 pounds. And I was like, how did that happen? Because I borrowed 30 from yours, maybe to pay some Lickliter.

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And he was like, oh, no, what if I calculate interest daily at this? And I was like, Okay, this could really get us into trouble. But actually, you know, it's a really life lesson. So it's just like a really simple thing that you could do on holiday, but actually worked worked really nicely. Yeah. And I'm sure that lesson will stick with them for sure. And it's the experience, isn't it? As you say it's making it fun making it memorable. Just sitting down at a table and sort of drawing and writing some stuff on a piece of paper. Probably wouldn't have had that same impact, right? Yeah, exactly. And it's nice just to drop things in conversation as well. You know, could you start talking about money

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or mindset or anything like that just dropping things in, you know, not going not baggy on about it and boring, but just kind of Yeah, just making it interesting. Yeah. And if you reflect back on your own childhood Susie, can you remember a financial role model perhaps in your life? Was there discussions around money that you had with your own parents or siblings? Well, this is a really interesting one. And I suspect, a my parents were completely unintentional in terms of teaching me about money, I didn't get any money lessons at all. I was an only child. And I would say that, to a lesser or greater degree, I don't like to think I was a spoiled brat. But I don't think I would have wanted for anything, you know. And if I wanted a new bike, they wouldn't give it to me straight away. But I would probably get it for a Christmas or a birthday present. So I was very, very fortunate and very lucky. I do remember my first or second year at university and I wanted to go away on a travelling with some friends, and my parents, we better go out and get a job then. So I actually worked on a farm in the day pulling leaks and cabbages and stuff. And then in the evening, I literally covered run by filthy fingernails. And then I'd rush out and be a waitress at a local pub. And I did that for weeks and weeks a week. So I got to get the money for the holiday. And then my parents said, You know what, we will actually buy it for you. But you've learned to really great lesson here. And I definitely think that lesson did set me up for realising that that kind of you get the reward at the end of it, and you have to put the effort in. But I think I've always kind of since I've learned about money blueprints, and you know, the effective role models in your life, almost unknowingly giving you a money blueprint and how, actually, it can take a long time to lose your money blueprint, I have actually reflected quite a lot on where my money blueprints come from. And I've realised that I really messed up mix between my parents and my dad, who thankfully is still alive, he would quite happily ship everything on credit card, and quite happily relieved a living for today. And you know, if you ask him now, God, yeah, he's had some money worries over the years. But actually, he doesn't regret a second of it, because he's lived a really full life. But he's had a fantastic time. And then my mum had a very, very poor and frugal background. And so she just resented spending money at all. And so every time I'd want to spend something, they'd have a route because she didn't want to spend it. And so I've got this really crazy mix still in my head where and the thing is, awareness is part of it, right? So when you're self aware, you can recognise it and see when it's kicking in, which is really, really important. I'm not as crazy as my dad in terms of spending, but I also do believe in experiences and being in the present, etc. But I've also got this, this voice in my head that wants to go out and shop at budget shops and get everything for the cheapest price possible. And

Unknown Speaker 22:49
so it is a little bit screwed up, I has to say and I've definitely learned or tried, I don't think I'm there yet tried to develop my own blueprint over the years through self awareness. But yeah, this that kind of stuff takes a long time to unpick, if you kind of haven't read it yet. I really like Secrets of the Millionaire Mind by Tihar Becker, that that was the first book that really kind of hit home to me, that actually we have these blueprints that that are kind of almost subconsciously given to us, that we kind of adopt in our lives. And if you don't clock it, then it can actually be really harmful. Have you been conscious of that, as you know, as your children have been growing up to make sure that you know, you're not almost reliving that same past with you and your husband? Definitely, and we don't talk about money in front of them, you know, like, we don't like to fail, I've got enough money for this, or whatever, you know, like, we just don't do that. And I think that language with children, in all aspects, not just with money and finances, but in everything is really, really important. And I think that sloppy language with children can be actually really harmful, you know, so a nominee example is, don't be so stupid, you know, you're being really stupid. You can say that when you're frustrated, but actually, you know, in this moment, you're not behaving in a very sensible way. You know, so it's not your identity, you are not a stupid person, in this moment, your behaviour is, you know, and I think that I'm really conscious of kind of instilling that from a money perspective as well just you know, so just because I'm aware of my money, blueprint or kind of blueprint I had instilled in me, we're very, very careful in terms of our language around our children, because I think that it's so easy just to slip into sloppy language and then and then you know, they just remember it. Yeah. And you talked earlier about their their passions, things that they enjoy doing now, obviously as as children, and are they seeing or starting to understand that they could potentially turn some of their passions into profit future YouTubers, things like this that actually could generate income streams for them? I would say no, not at the moment and partly because we are slightly Victorian parents that we don't let them go on social media or anything. So I think there's plenty of time for that person.

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They, I kind of want them to have a proper, wholesome, we live in the country, I want them to have a proper wholesome childhood. But equally, I kind of recognise that we can't hide them from it forever. To the challenge. I think the challenge for modern day parents is introducing that kind of stuff, but in a really healthy way, that doesn't expose them to the toxic side of social media and the exploitative side of social media as well. And I think I don't think there's a blueprint for that, I think that is really challenging. Personally, I would absolutely love them to be selling lemonade at the end of our drive, etc, like you'd like you hear a lot of kids, you know, entrepreneurial kid started off, but we live in the middle of nowhere. So I don't think they do any sales whatsoever, bless them. So I think they might have to need to think of something else to do. Yeah. And as you said, at the beginning, you know, changing times, who knows where things will be in the next 1020 30 years. And we know that, you know, young adults today will be living a lot longer, right. So things like pensions, things like job security, we need to have a different plan. Hence why we're trying to get the message out there. And thank you for sharing your insights with us today, Susie, on what you're doing with your own family. It's a pleasure. And I think what you're doing is fantastic. Like genuinely, I think this needs to be talked about more, because I think that you know, if it's not then yes, you say the education system isn't gonna fix it. So yeah, I think I think what you and Kevin are doing is fantastic. Thanks, Susie. Yeah, thanks for having me.

Unknown Speaker 26:26
All right. I really enjoyed listening about that trip to Thailand, Kevin. Very good lessons there. We'll get into that in a bit more detail in just a moment. Before we do that. Let's read out one of our recent reviews on Trustpilot. And following on from last week's event in Manchester, John has kindly taken time to put a few words down actually. So let me get into this one. Firstly, let me congratulate yourself, Kristian and the team on a well organised and very productive wealth builders event in Manchester last night. I wasn't certain what to expect, but I am so glad that I attended. And I look forward to future events and I feel re energised and thrilled to have met new connections. The passion to improve one's life, one's family and do good for the world was palpable from everyone who attended. And I felt privileged to be in such a dynamic, progressive and entrepreneurial company. Wishing you and the team much success and happiness regards and thank you for being there in person, both Kevin and Christian. It really does make a difference when the head honchos are willing to turn up to their own events and engage with their clients and supporters. And as a final word may I also say it was a lovely touch and appreciated that nibbles and drinks were provided both of which were high quality. A head honcho a

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that was a tapas was really good. Pep Guardiola was restaurant, actually. And that was really good. I particularly like those barbarian ham croqueta. So I thought they were outstanding, nobody was a lovely event, it was good to see people that we don't normally get to see because of geographical limitations. So that was great. And we've got plans for Birmingham, Sterling, I think, which is one of the Scottish ones, I think somebody wants to go to Aberdeen, but it's just a little bit too far for now. But we'll get to all parts of the country, the Northeast as well, is something that's on the cards for early next year. So wherever there's an opportunity, and if someone's got a great venue that they can suggest, or even perhaps they they own or have a connection to them, we'd love to know more, because the greater the opportunity it is for us to get the meet people, then the more that community will grow up, particularly around the families, bringing him back to the podcast, Chris, that the family opportunities all about taking those magical moments, I think Suzy refers to almost, where you can give a lesson on the fly. You can just find an opportunity, in her case in a cab, but anywhere where you can dispense a little money lesson not that every lesson should be about money. Absolutely not. But where those lessons present themselves to take advantage of that. And I think she did that really well. In fact, all too well, looking at the compound interest rate those children were calculating on a daily basis, which probably been a good for mental maths as well, I think. Yeah. And I like that. And it clearly shows doesn't it that creating an experience making the lesson fun, it remains much longer and much stronger than otherwise. So that's a key part of the family's programme, isn't it? It's about participation. It's about understanding how our members are doing these kinds of fun things to instil these lessons. And I think that was a brilliant one that Susie shared there. Yeah, and the other thing that's interesting for me, as I hear how other families deal with this sort of overall subject of money in instilling responsibility is the difference of

Unknown Speaker 30:00
opinion you get. So while Susie wasn't a big fan of pocket money, and I get that others are absolute fans of pocket money, but what she was a fan of was the tactile experience of touching money. And I think the grandparents brought something to bear there. And I love the just the sound of the fact that they had maybe an envelope with the BART little purses they had with with money in from time to time, I think it's always good to give children when it comes to money, almost an experience of the tactile nature of money. We've talked very often about money's all about tap, tap, tap, or swipe, swipe, swipe, and less about real touching of that. And in fact, even King Charles has done something about that he's introduced a whole set of coins now to deliberately designed to encourage the tactile nature of those coins for children to touch them. So. So think lots of ways that children can touch money, whether it's giving them pocket money, and little pay packets that they have to open, or little envelopes, or little purses something for the younger ones where they get that experience. So I think anything that brings a bit of fun to it. It's a great thing. Yes, yeah, absolutely way of valuing money, when when you actually spend it yourself, and you've you've earned it, you've done something to generate that rather than just be given it and we see that actually go through into later life, don't we as well, Kevin, you know, when it comes to, to education, and if our members value, the importance of continued learning and development, and sometimes that involves courses and products and books, and often you see when something is given for free, someone doesn't value it, they don't take advantage of it, you know, as opposed to when you've invested in something for yourself. And I think that was one of the lessons that Suzy said, children actually spending that money on things they want, they really value those things much more. Absolutely. I think it's a great thing I've even seen recently, someone who was promoting a course. And it was really good content. But rather than do it for nothing, they did it for a pound, which is a charitable contribution of a pound. And I thought that was very clever, because it means you've done something. So you've appreciated that even if you've spent a pound on something, you're much more likely to turn up. And if in that particular case, if you didn't turn up, then there was a larger sum of money to contribute because of the fact that food and drinks were given. So lots of reasons that people should pay to participate in things because you see more value and you do. So Suzie spoke about being an only child like myself, and her parents being very different. And then money habits. So she was growing up her father was a spender, her mom was a saver and Suzy referred to this money blueprint that of course is I guess, embedded when you're a child and the surroundings impacts you. And that can take a while in later life to almost rewire and change. And that's something of course, if you then have children, you need to be mindful of that you don't kind of slip back into those old habits. But where are you going to get the blueprint from you. You can only really get it historically, because the lack of social media you only going to get it from from parents, but now increasingly, with social media. And she talked about that how to do so in a much more helpful way rather than a harmful way. Or now as parents there are more influences and our children. And then our younger people just need a little bit more help with that which upped the ante for us as parents and grandparents to be much more aware of the damaging things that can go on not just in our own blueprint in our own language, and how we convey information, but what information they're getting out with our radar. What are they seeing on social media? What are they seeing, by way of comparison? And how can we influence that in a positive way. Our families programme is currently closed our initial launch a few weeks back, we've just closed the doors, and we're working with our initial cohort. But of course, if you would like to be on the waitlist for when we open the doors again, then we would love for you to do so. So head to wealth forward slash families, and just put your name and email in there and we'll keep you updated. We'll send you information so that you can see a little bit inside the programme currently and understand what we're doing with our members. And some of the guests that we've had on the podcast over recent weeks, will Rainey and Suzy they'll all be doing live sessions as well to go into more detail around these topics. You're looking forward to that. And I'm so pleased we've got a cohort to work with because that means we're getting a chance to meet and discuss with them online, all together. And that's helpful particularly when you're knocking the kinks out of things shaping things, just getting things better. So they were afforded a pretty no brainer price. And of course as we get better that price will go up but we'll always determined to keep it so affordable. Just so thrilling to see that and a couple of people who were members who forgot

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that they got the ability to be able to access the family's content for free, decided to give that as a gift to other people. And I think just not worthy to say that then Christianity was one of those brilliant that our members are thinking about the generosity for other families and so on. Great. So we hope you enjoyed listening to today's episode. And if you want to get in touch with us about anything to do with either today's conversation or just to find out bit more about how we may be able to help you to build your wealth for you and your family. Do drop us an email Hello at wealth We would love to hear from you. And finally, if you enjoyed today, then why not share this podcast with a friend hit the share button on your podcasting app and send them a little gift. And we would appreciate that very much. Joy, you just talked about gifts. So that's always nice when somebody takes a little bit of time out. We put a lot of time and energy into this and hopefully that's appreciated. So from time to time if you hear something that's good, either share it or just tell us you like it. Okay, Kevin, we will be in same time, same place next week. Until then, my friends here.

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We hope you enjoy today's episode. Don't forget that we are constantly updating our resources inside the wealth builders membership site to help you create, build and protect your wealth. Head over to wealth right now for free access. That's wealth

Episode notes

In this episode of WealthTalk, we have the pleasure of hosting experienced investor, Suzi Carter. 

Suzi shares her invaluable insights on strategies and techniques that empower families to create a lasting legacy of prosperity and financial well-being.

During this engaging episode, Suzi emphasises the importance of imparting financial knowledge to family members, equipping them with the skills to make informed decisions and secure their financial future.

We delve into the intricacies of estate planning, including wills, trusts, and other essential tools for passing down assets while minimising tax burdens.

Ready to take the reins of your family's financial future? Suzi also shares pearls of wisdom on smart investment strategies and effective wealth management techniques that are essential for growing and safeguarding your family's wealth.

Resources mentioned in this episode