Oct 5, 2023
Episode 84: How Do Kids Fit In?
How do kids fit in, when it comes to property? Let’s challenge the traditional norm and explore some exciting ideas!
Welcome to a new episode of A Wealthy Life podcast! In this episode, titled "How Do Kids Fit In?" I delve into the two drivers that my clients tend to approach me with: the struggle for work-life balance and the desire to help their children enter the housing market.
I discuss the changing dynamics of inheritance, considering longer lifespans and the need for financial support in old age. And I propose a fresh perspective on building a family property portfolio, even before children are born. By creating a second source of income through a protected limited company, families can experience the benefits of property throughout various stages of life, including providing financial support for education, caring for parents, and assisting children in finding their own homes.
Tune in to discover how property can change the way we plan for our future and support the next generation in this thought-provoking episode!
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Highlights from this episode:
[00:00:06] The Relationship Between Kids & Property
[00:05:54] The Cost of Buying Your Kid a House
[00:09:23] Inheritance & Building a Property Portfolio
[00:10:36] Buying Property for Residential Purposes Doesn’t Actually Make Sense
[00:15:04] Rethinking Inheritance
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
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Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following eBooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them