Financial Fitness 2024 - Building Wealth and Security

The Property Nomads Podcast

Rob shares various strategies and actions that listeners can take to improve their financial well-being in the coming years, and explores two assumptions: one for listeners who have no property and suggest acquiring property as a first step towards building wealth and security, and another assumption for those who already have a buy-to-let portfolio and encourage diversification into other property strategies and income streams.

KEY TAKEAWAYS

• Building wealth and security in 2024 requires taking action in the property market. If you have no property, consider acquiring some by networking, getting training, and doing your own research. If you already have a buy-to-let portfolio, look to diversify and explore new property strategies.
• Consider investing in gold and silver as a way to build wealth and security. Owning physical metal can provide a hedge against inflation and potential capital appreciation. Do your own research and consider the advantages of owning the physical metal itself rather than investing in paper gold or silver.
• Look for investment opportunities in unloved or contrarian areas, such as the energy sector or mining stocks. Research companies with solid business bases that may provide dividends or yield. Be prepared for ups and downs in the stock market and consider taking advantage of opportunities that arise during market downturns.
• Consider acquiring land and building your own home as a way to increase your level of security. Focus on energy efficiency by installing solar panels or heat source pumps. Having your own water and food sources can provide a level of self-sufficiency in case of emergencies or disruptions.

BEST MOMENTS

"Maybe you want to look at investing in unloved areas, contrarian areas. Maybe that area is energy."

"Maybe you should look at gold itself. By the way, I should caveat that when you're talking about gold and silver, I'm talking about the physical money itself."

"Maybe you want to go down the heat source pump route. Maybe you want to have that reservoir. Do you have a body of water that you can have your own water source?"

VALUABLE RESOURCES

GET YOUR DEVELOPMENT FINANCE HERE:

https://propertyfundingplatform.com/WharfFinancial#!/borrowerinitialregistration

SOVEREIGN MAN PREMIUM INTELLIGENCE MEMBERSHIP https://dash.sovereignman.com/a/smc12m995/tpnpodcast

SOVEREIGN MAN 4th PILLAR https://dash.sovereignman.com/a/4pmain/tpnpodcast

ABOUT THE HOST

Rob Smallbone is the author of the Amazon best-seller Buy-To-Let: How To Get Started as well as 101 Top Property Tips and Property FAQ’s.

BOOKS

Property FAQs = https://amzn.to/3MWfcL4

Buy To Let: How To Get Started = https://amzn.to/3genjle

101 Top Property Tips = https://amzn.to/2NxuAQL

WHERE TO FIND US

https://linktr.ee/thepropertynomadspodcast

uk property, Investment, Property, Rent, Buy to let, Investing for beginners, Money, Tax, Renting, Landlords, strategies, invest, housing, properties, portfolio, estate agents, lettings, letting, business: https://patreon.com/tpnpodcast