Nice.. start with your Wealth Appraisal. This clearly identifies wealth behaviour gaps that need addressing. Second complete your net worth assessment this shows your destination with your current wealth trajectory financially. Third fill in your Business plan template. Finally book your next 1:1 to discuss this with your coach to iron out any wrinkles. Paul
Hi Paul. I’m not a member. I’m somewhere around level 4. I have some property income but also in full time work and therefore getting 50% taxed on it. Therefore reluctant to buy more. What other assets do you reckon are good to buy now where i wont get shafted by uk tax?
Thanks for sharing. But I hope I can raise dividend to catch up the cost of living like beating up yearly council tax, utilities bills or rental payments . If three of the following had catch up, it is more likely to save, invest and chase my own dream.
Would be interesting to understand what level of wealth/income is required for each level in your opinion Paul. I know you everyone’s circumstances are different, but it would be good to get some insight
I agree it would be useful. You are correct everyone is different. 35 years ago (so long ago we used to get actual paper pay-slips!) my boss and I got our pay-slips mixed up and I got his. I was shocked, even then he was earning £175,000 per year. I of course gave him his pay-slip. This lead to a conversation where he said he did not understand how I could live my life-style with the salary I had at the time which was about 25% of his. I explained I had some properties. He explained to me that his credit cards were all maxed, his overdraft was maxed, he had remortgaged his home and spent all of it. Back then he had a massive home mortgage, £300,000 in credit card debt plus overdrafts. He had a massive salary, no assets and even though he was close to 50 years old with a family he was clearly level 1. Equally I know a newly qualified teacher, 30 years old, teaching income 100% saved/invested, she does not need to work, she is level 6. It is not about level of income/expenditure, it is about controlling both, producing a monthly surplus and acquiring assets. Hope this helps?
This comparison doesn’t make sense. The footballer earning £260million in his career, could just live a superb life spending £5million a year. Are you that wealthy? You exchange your time making videos for UA-cam money.
Hi, we observe very strict GDPR guidelines and pride ourselves on our customer service. Every email we send has an opt-out button at the bottom. Have you clicked this to unsubscribe? Of course attending to such issues via UA-cam comments is hardly efficient. Please tell us which email you wish to unsubscribe. Ideally not by UA-cam for your privacy. Regards Paul
@@PaulSmithTouchstoneEducation I already did but your team comes up with some silly excuses not to delete my details Also, there is no unsubscribe option You are breaching GDPR big time and you will be reported to ICO
Hi Paul. I’m not a member. I’m somewhere around level 4. I have some property income but also in full time work and therefore getting 50% taxed on it. Therefore reluctant to buy more. What other assets do you reckon are good to buy now where i wont get shafted by uk tax?
Brilliant, I can't wait to get started on Saturday and Sunday webinar 😊
See you then Daryl!
Hi Paul, I am already an academy member. But confused, about what direction to focus on!
Nice.. start with your Wealth Appraisal. This clearly identifies wealth behaviour gaps that need addressing. Second complete your net worth assessment this shows your destination with your current wealth trajectory financially. Third fill in your Business plan template. Finally book your next 1:1 to discuss this with your coach to iron out any wrinkles. Paul
Where I can see the seminar?
Hi Paul great video love what you do major respect im level two for the last 5 years one day i know i will get to level 7
Thank you and great focus!
Hi Paul. I’m not a member. I’m somewhere around level 4. I have some property income but also in full time work and therefore getting 50% taxed on it. Therefore reluctant to buy more. What other assets do you reckon are good to buy now where i wont get shafted by uk tax?
Thanks for sharing. But I hope I can raise dividend to catch up the cost of living like beating up yearly council tax, utilities bills or rental payments . If three of the following had catch up, it is more likely to save, invest and chase my own dream.
Go for it! The correct assets will always beat inflation,
What other good debt is there? Do you have a video on which assets to acquire as well?
Many other videos Aaron. Simply an asset is something that goes up in value and/or provides positive cashflow. Good luck.
Would be interesting to understand what level of wealth/income is required for each level in your opinion Paul. I know you everyone’s circumstances are different, but it would be good to get some insight
I agree it would be useful. You are correct everyone is different. 35 years ago (so long ago we used to get actual paper pay-slips!) my boss and I got our pay-slips mixed up and I got his. I was shocked, even then he was earning £175,000 per year. I of course gave him his pay-slip. This lead to a conversation where he said he did not understand how I could live my life-style with the salary I had at the time which was about 25% of his. I explained I had some properties. He explained to me that his credit cards were all maxed, his overdraft was maxed, he had remortgaged his home and spent all of it. Back then he had a massive home mortgage, £300,000 in credit card debt plus overdrafts. He had a massive salary, no assets and even though he was close to 50 years old with a family he was clearly level 1. Equally I know a newly qualified teacher, 30 years old, teaching income 100% saved/invested, she does not need to work, she is level 6. It is not about level of income/expenditure, it is about controlling both, producing a monthly surplus and acquiring assets. Hope this helps?
@@PaulSmithTouchstoneEducation - thanks for the response Paul
❤❤
Really want to do this wealth through property.
Wanna do 500/ 1000 property.
❤️❤️❤️
Level -1
And some time level -2.
Myself.....
There should be more levels.
I am addicted to your videos❤
This comparison doesn’t make sense.
The footballer earning £260million in his career, could just live a superb life spending £5million a year.
Are you that wealthy?
You exchange your time making videos for UA-cam money.
Stop sending me those bloody emails
Hi, we observe very strict GDPR guidelines and pride ourselves on our customer service. Every email we send has an opt-out button at the bottom. Have you clicked this to unsubscribe? Of course attending to such issues via UA-cam comments is hardly efficient. Please tell us which email you wish to unsubscribe. Ideally not by UA-cam for your privacy. Regards Paul
@@PaulSmithTouchstoneEducation I already did but your team comes up with some silly excuses not to delete my details
Also, there is no unsubscribe option
You are breaching GDPR big time and you will be reported to ICO
@@catenaccio_fc If we are breaching GDPR and need to be reported to ICO then please do, that is what the system is for. Good luck.
I am really want to work with touchstone academie.
Where I can see the seminar?
Hi Paul. I’m not a member. I’m somewhere around level 4. I have some property income but also in full time work and therefore getting 50% taxed on it. Therefore reluctant to buy more. What other assets do you reckon are good to buy now where i wont get shafted by uk tax?