Jan 29, 2021
Would you like Life Time Wealth?
Well…today we’ll explain what that means and how you could achieve it as I replay a chat I had with my good friends Louise Bedford and Chris Tate from The Trading Game and we discuss the concept of true wealth.
This is the last of the summer series of podcasts where I’ve been running three shows a week rather than two in January, but since this was the second most downloaded listen to podcast I’ve ever recorded I thought it important to let you listen to it again for the first time or again if you’ve been a subscriber for some years.
The original recording of the show came about when Louise Bedford, Chris Tate and I were sitting around chatting about Wealth Retreat 3 or 4 years ago and we were discussing the concept of creating lifetime wealth, what true wealth really is, and some of the concepts we wanted to share with attendees at WR retreat.
And the conversation was so good, it was a bit philosophical, that we actually pulled out a phone, I think it’s Louisa’s phone now and we just recorded an episode of the podcast for her podcast and mine, because we were talking about things we only tend to talk about between ourselves and we wanted to share with other people.
For example I talked a bit about my first investment property, almost 50 years ago.
We talked about how being truly wealthy is a lot more than just how much money you have or how many properties you have.
We talked about the concept of creating lifetime wealth and leaving a legacy and we discussed how we are the mentors for our children and how if you want to leave a legacy you have to be important what do you pass on to your children, not moneywise – it’s not what you leave your children but what do you live in your children.
We talked a lot about the impostor syndrome, something that we speak for specialises in and we discussed about success, the miss match in some couples – something I come across very frequently were very different to our life partners with regards to how we think about money and success.
There were so many fascinating concepts we talked about that I really believe you’ll enjoy today show, but be warned, it’s a little bit longer than normal and the sound quality wasn’t as good as normal because, as I said we recorded it on the fly – we were just in the right zone talking about this content so I thought it was really important to grab the information to couple of years ago and it’s just as relevant today, so welcome to this episode of the Michael Yardney podcast.*
How to Obtain Lifetime Wealth
Links and resources:
Shownotes plus more here: How to attain lifetime wealth, with Louise Bedford and Chris Tate – Summer Series
Our favourite show quotes:
“Wealth isn’t about how much money you have, but what you’re left with if you lost everything and had to rebuild it.” Michael Yardney
“You either have to pay the world, the market, or your mentors when learning about investing.” Michael Yardney
“If you took all of the money in the world and divided it equally it would all end up in the same pockets again.” Michael Yardney