DiscoverWealth Made Simple Podcast
Wealth Made Simple Podcast
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Wealth Made Simple Podcast

Author: Shaz Nawaz

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This podcast is all about Business, Property and Tax. I’ll share my knowledge, experience and expertise of running five businesses at the same time. I’ll share my experience of building a multi-million-pound property portfolio. Best of all, as a chartered accountant,  I’ll share tax-saving tips, tools and techniques to help you save tax.

The aim of this podcast is to help you grow your turnover, improve your margins and drastically increase your profits. All of this will help you build a better business which has a much higher exit value. It will also enable you to create more wealth, more time and more opportunities.
343 Episodes
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Shaz delves into the top traits and habits of successful and wealthy individuals. With a motivational and informative tone, Shaz emphasises the significance of mindset, habits, and personal responsibility in achieving financial success. Drawing from his own experiences and expertise, he highlights the importance of focus, goal-setting, and continuous learning. Through practical examples and relatable anecdotes, Shaz guides listeners on the path to financial prosperity, encouraging them to adopt a positive mindset and take proactive steps towards building wealth.  KEY TAKEAWAYS Successful individuals prioritise important tasks and maintain a laser focus on their goals, avoiding overwhelm and delegation of less critical tasks. Careful investment choices with a focus on high returns, emphasising the importance of setting clear goals for investment returns. Successful people not only practice positive habits themselves but also teach them to others, emphasising the value of leading by example. Taking ownership of one's actions and outcomes, recognising the role of personal responsibility in achieving success. BEST MOMENTS "90% of success is about mindset and habits, and 10% is about implementation of your goals and activities."  "Successful people understand they can't do everything. They need to prioritise the important things."  "Living below your means is crucial. Delayed gratification is key to building wealth."  "Reading daily opens your mind and changes your perspective. Books are your best friend."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz explores the art and importance of storytelling in building wealth, by discussing how storytelling is ingrained in our everyday lives, from childhood anecdotes to embellishing or minimising our own experiences. The team delve into the seven overarching plots that form the basis of all stories and highlight the power of storytelling in connecting with an audience. They emphasise the need to craft stories that resonate with the audience, evoke emotions, and make a lasting impact. The episode concludes with insights on how to apply storytelling techniques in sales, marketing, and wealth generation, emphasising the importance of understanding the audience, creating a hook, and making the story relevant.  KEY TAKEAWAYS Understand your audience: When crafting a story, it is important to know who you are telling the story to. Tailor your story to connect with your specific audience. Create a hook: Grab your audience's attention by creating a compelling hook. Make it relevant and emotionally engaging to draw them in. Make it personal and relatable: Share your own story and experiences to connect with your audience on a deeper level. Show them that you understand their struggles and can guide them towards a solution. Build a community: Foster a sense of belonging and togetherness by creating a community around your story. Encourage collaboration and support among your audience members. Start small and build up: When selling or marketing, meet people where they are and start with smaller, achievable goals. Gradually build up their confidence and trust in your ability to help them achieve bigger results. BEST MOMENTS "Facts tell, stories sell."  "There are seven stories. There are only seven stories."  "Your net worth is your net worth"  "You can't get a new result with the same old thinking."  "If you can't explain it to a five-year-old, then you don't know it well enough to explain it."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz discusses the importance of taking action and implementing goals effectively. He provides a comprehensive list of 25 actionable steps and tips to help listeners achieve their goals. Shaz also talks about the need to lay the foundations and develop a detailed plan, assign responsibilities, set milestones, allocate resources, and have a clear communication and feedback loop, highlighting the significance of celebrating achievements, maintaining flexibility, and practicing resilience.  KEY TAKEAWAYS Setting clear goals and developing a detailed action plan is crucial for achieving success. Assigning responsibilities and setting milestones helps track progress and maintain momentum. Allocating the right resources, including personnel, training, and support, is essential for getting things done. Regular monitoring, communication, and feedback are important for staying on track and making necessary adjustments. Celebrating achievements and maintaining a supportive and focused environment are key to keeping the team motivated and committed. BEST MOMENTS "Taking action is by far one of the hardest things and having an action plan and having a way to make sure that you implement what you intend to do is important."  "I don't have all the answers. I don't claim to know everything and this platform is all about sharing ideas and sharing is a two-way street so I'm more than happy to learn new things and add to my knowledge base."  "Deadlines shouldn't change. That's why I said earlier on, it's better to have some slack time and a generous deadline up front rather than keeping it very tight and pressurised and then having to change it four times or five times or however many times."  "Build something extra to help people - recognise, understand that you recognise when they are doing a good job."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron discuss the importance of having a personal brand and how it can lead to recognition and opportunities. They emphasise the need to build trust and credibility through sharing knowledge, experiences, and opinions. Listen as they cover various strategies for creating products, such as writing booklets, offering online courses, and hosting webinars. They also highlight the value of networking, speaking engagements, and leveraging social media platforms.  KEY TAKEAWAYS Building a personal brand is important for establishing credibility and recognition in your industry. Sharing your knowledge and expertise through content creation, such as writing booklets or newsletters, can help attract and engage an audience. Speaking at events or creating online courses can further establish your authority and provide opportunities for monetisation. Engaging with your audience through surveys, opinions, and thought pieces can help you understand their needs and tailor your offerings accordingly. Collaboration and networking with others in your industry can lead to valuable partnerships and opportunities for growth. BEST MOMENTS "Your own ecosystem helps you to have a wider network."  "You've got to put yourself out there... if you want to make a million quid a year."  "You probably should be on social media if you want to have a personal brand."  "You need to understand two fundamental things: sales and marketing."  "Give me a story, give me some of you, give me some of the information that you have, but bite-size it."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Goal Setting

Goal Setting

2024-01-1649:42

Shaz and Kieron discuss the importance of goal setting, focussing on the need to set big, hairy, audacious goals that scare you and push you out of your comfort zone. They stress the importance of writing down your goals and reviewing them regularly to track progress and make necessary adjustments. They also highlight the power of affirmations and surrounding yourself with a supportive community, sharing their personal experiences with goal setting and offer practical tips for achieving success.  KEY TAKEAWAYS Goal setting is important and should be done regularly, not just at the beginning of the year. Writing down goals makes them more real and increases the likelihood of achieving them. Breaking down goals into smaller, actionable tasks helps in tracking progress and making necessary adjustments. Consistency is key in achieving goals, even if it means taking imperfect action. Building a supportive community and surrounding yourself with positive influences can greatly contribute to goal achievement. BEST MOMENTS "Discipline is the ability to continue doing something long after the enthusiasm has left you from the initial start."  "The more I review my goals, the more opportunities I'm giving myself to succeed."  "Imperfect action beats perfect inaction."  "You have to be ruthless and brutal with your goal setting process."  "Compete with yourself and no one else. Otherwise, you're never going to feel successful."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron discuss the concept of getting rich quickly versus getting rich slowly, highlighting the pitfalls of chasing get-rich-quick schemes and emphasising the importance of focusing on long-term wealth building strategies. They discuss the reasons why get-rich-quick schemes fail, including slim chances of success, unrealistic expectations, high risk, and unsustainable wealth accumulation. They then delve into why getting rich slowly works, emphasising the benefits of compounded returns, risk management, education, financial stability, adaptable financial goals, and improved psychological well-being.  KEY TAKEAWAYS Getting rich quickly is a pipe dream and rarely works in reality. Focusing on getting rich slowly is a more sustainable and effective approach. Many get-rich-quick schemes are high-risk and often lead to financial losses. Gradual wealth building allows for adaptable financial goals and long-term financial stability. Education, skill-building, and financial discipline are crucial for successful wealth accumulation. BEST MOMENTS "Holistically, get rich quick is a really nice idea and it's a pipe dream."  "Success leaves clues. And if success leaves clues, the clues of success are get rich quick doesn't work."  "The slow accumulation of wealth also generally involves learning new skills, understanding new things, doing the due diligence, doing the deep dive."  "If you grow into it slowly, you'll manage it and all of your habits and your spending ideals will be sustainable." "Slow wealth building promotes a healthy relationship with money, better understanding, less stress, and more satisfaction in your life."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
The team discusses the building blocks that help create financial freedom, emphasising the importance of mindset, discipline, and perseverance in achieving long-term wealth. Shaz also explores the concept of simultaneous growth, where multiple streams of income and strategic partnerships can lead to exponential growth. He encourages listeners to focus on self-management, have difficult conversations, and prioritise their own worth.  KEY TAKEAWAYS Building blocks for financial freedom include mindset, discipline, perseverance, and small incremental steps towards wealth. Financial freedom is subjective depending on personal circumstances, lifestyle choices, and financial goals. It is important to assess one's own needs and create a plan accordingly. To achieve financial freedom, one must be willing to have difficult conversations, make tough decisions, and step out of their comfort zone. Fearlessness and self-management are key traits to develop in order to overcome challenges and achieve success. Seeking out partnerships and collaborations can lead to synergy and exponential growth. By finding others who have complementary skills or customer bases, businesses can expand their reach and increase profitability. BEST MOMENTS "The more that comes in, the more that goes out up to a certain level."  "Get rich slow."  "Imitation is the sincerest form of flattery."  "Focus on yourself and do that stuff." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Wealth Magnets

Wealth Magnets

2023-12-0745:10

Shaz delves into the concept of Wealth Magnets, beginning by discussing the principles that control the flow and movement of money, such as wealthy philosophy, mental attitude, and behaviour. Shaz stresses the importance of having a positive mindset, associating with like-minded individuals, and creating value. He also explores the significance of generosity, visibility, and status in attracting wealth.  KEY TAKEAWAYS Wealth creation starts with having a wealthy philosophy, positive mental attitude, and congruent behaviour. Believing in abundance and taking action are key components of this mindset. Association with positive and successful individuals can have a significant impact on your own success. Surrounding yourself with people who inspire and support you can help you achieve more. Creating value is essential for attracting wealth. Focus on delivering value to others and making a difference in your community. The more value you provide, the more valuable you become. Act with integrity and have no boundaries when it comes to pursuing your goals. Believe that anything is achievable and be willing to put in the effort and take risks to achieve success. BEST MOMENTS "Wealthy philosophy, mental attitude, and behaviour form the bedrock and the foundations of wealth creation because it all starts in the mind."  "Act wealthy to attract wealth. Act with integrity, provide value, and be generous. These behaviours will help you attract more wealth in your life." "Being courageous and taking action is a known wealth magnet which helps you achieve success." "Ask people for help, support, and different solutions. Most people are happy to share their opinions and help you when you ask." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz discusses the importance of creating a second or additional source of income. He highlights the dangers of relying solely on one income stream, whether it be from a business or employment. Shaz emphasises the need to diversify risk and shares the potential pitfalls of being overly reliant on one key employee or client. He then delves into the strategy of buying a business to create a second income, without using any of your own money.  KEY TAKEAWAYS Relying on one source of income in a business is risky, as any disruption or loss can have a significant impact on the business's stability and profitability. Diversifying sources of income is important to mitigate risks and create a more stable financial situation. This can be achieved through investments, buying additional businesses, or creating passive income streams. When buying a business, it is possible to negotiate deferred payments with the seller, allowing you to acquire the business without using your own money upfront. Due diligence is crucial when buying a business to ensure that the financial and legal aspects are accurately represented and to avoid any unforeseen liabilities or costs. Scaling up your business by acquiring multiple businesses in the same sector can lead to increased profitability and cash flow, allowing for further expansion and financial stability. BEST MOMENTS "The number one in business is the most dangerous number."  "When you have one big client or customer, then your independence is at risk."  "Increasing the income in one business doesn't always help people create more wealth because most people spend it."  "The answer, I believe to some extent, is to create additional sources of income."  "You now have a business. You now need to be thinking about how do I now scale up?"  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz delves into the topic of lease option agreements, explaining the concept of a lease and the complexities involved in lease agreements. Shaz then discusses the potential changes to lease option agreements mentioned in the King's speech, which aim to improve fairness in the housing market. He explores the proposed reforms, such as extending lease terms, reducing ground rent, and increasing transparency in service charges.  KEY TAKEAWAYS Proposed changes to leasehold agreements aim to improve home ownership for leaseholders by making it easier to extend leases or buy freeholds. The reforms include increasing the standard lease extension term from 90 to 990 years and reducing ground rent to zero. The government plans to provide more transparency in lease agreements, including clearer information on service charges and administration fees. The reforms also aim to empower leaseholders by granting them more rights and access to redress schemes to challenge poor practice. BEST MOMENTS "The cost is the cost. And I think most people are generally decent people and they can appreciate that if you want a nice road to drive down into, if you want your parking space kept free of weeds, you want there to be lighting, there to be security, there is a cost involved in that."  "Landlords get labeled as money grabbing, evil, blah, blah, blah. It's always the landlord's problem. It's not the landlord, it's the government. They've forced this into the marketplace, whether it's intended, unintended, don't want to go into that. They've created this situation and then you take responsibility for it."  "I think everyone should be able to get themselves into a position where they can own their own home."  "I don't see that being a bad thing at all. We'll see how that how that comes into effect and the scrapping the presumption for leaseholders to pay their freeholders legal costs when challenging this poor practice." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz takes a deep delve into the topic of due diligence and its importance in making informed decisions in business, property, and investments. He breaks down the process of conducting due diligence, starting with market analysis and understanding the target audience and industry trends. He also stresses the need to define objectives, assess business conditions, consider legal and tax obligations, and evaluate financial aspects.  KEY TAKEAWAYS Due diligence is a crucial step in any business or investment, involving thorough research and analysis to gain a comprehensive understanding of the venture. Market analysis is an important component of due diligence, which includes assessing factors such as target audience, industry trends, and competition. It is essential to define your objectives and goals for the investment or business, as well as identify your target market and understand their needs and preferences. Legal considerations, including ownership, contractual agreements, and tax obligations, should be thoroughly examined during the due diligence process. BEST MOMENTS "When you're doing your due diligence...you don't have complete and full clarity on absolutely every working aspect of it."  "The more successful people are, the more likely they are to talk to you about things that interest you."  "Success leaves clues. We all do the same sort of things." "Ignorance is not an excuse, especially when it comes to something that costs you money or something that is going to make you money." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron debunk several myths surrounding money and wealth, looking at the importance of understanding the reality of money and wealth, rather than relying on misconceptions and false beliefs. They challenge the notion that money is the root of all evil, highlighting that it is the love of money and greed that can lead to negative actions. Shaz also discusses the misconception that all debt is bad, explaining that debt can be a tool for generating cash flow and investing in appreciating assets.  KEY TAKEAWAYS Money is not the root of all evil: The common phrase "money is the root of all evil" is often misinterpreted. The actual phrase is "the love of money is the root of all evil." Money itself is just a tool and how it is used depends on the individual's values and mindset. It's not about the amount of money you have, but how you manage it. Good debt, strategic investments, and wise financial decisions can help you grow your wealth and achieve financial success. Waiting for the perfect moment to invest or take action may lead to missed opportunities. Instead, focus on making informed decisions and adapting as needed. Timing is not always crucial, and it's better to start sooner rather than later. While cash provides liquidity, it may not generate significant returns. Investing in assets that generate cash flow or appreciating assets can be more beneficial in the long run, even if they are less liquid. BEST MOMENTS "Money isn't the root of all evil, that is a myth."  "Money exaggerates who you are, if you're a nice person, you'll become an even nicer person."  "Money can't buy happiness, it can only buy temporary moments of happiness."  "Debt, like money, is a tool. If used correctly, it can be used to generate cash flow and appreciating assets." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron discuss the importance of building intergenerational wealth, highlighting the misconception that intergenerational wealth is only for the rich and emphasising the need for everyone, regardless of their wealth level, to consider passing on their wealth to future generations. They discuss the alarming amount of lost money in the UK, estimated at £50 billion, due to a lack of communication and planning around intergenerational wealth, and stress the importance of having open conversations with parents and grandparents about their assets and investments to avoid unnecessary taxes and missed opportunities. KEY TAKEAWAYS Building intergenerational wealth is important for everyone, regardless of their current wealth level. It is crucial to have open and honest conversations about finances and inheritance with parents and grandparents. Failing to have these conversations can result in significant tax implications and the loss of potential wealth. To start generating intergenerational wealth, it is important to have the right financial mindset and educate oneself on financial strategies. BEST MOMENTS "If you don't talk about it, you're going to pay a lot of tax."  "There's an estimated 50 billion pounds of lost money in the UK."  "The more you give, the more you gain."  "Just because you like doing one thing, your children might like a completely different thing." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
All About Habits

All About Habits

2023-11-0748:43

The team delve into the topic of habits and how they can be a game changer in one's life., focussing on how habits are often associated with negative connotations, but emphasising the importance of recognising and cultivating positive habits. They also explore the process of creating and changing habits, highlighting the need for personal motivation and choice, and stress the significance of having a structured routine and the benefits it can bring, such as increased productivity, enhanced mental well-being, and improved personal growth.  KEY TAKEAWAYS Habits can have both positive and negative connotations, but it's important to focus on creating and maintaining good habits. When creating a new habit, it's crucial to have a genuine desire and inner motivation to make the change. Start with achievable goals and small habits, gradually increasing them as your discipline and ambitions grow. Consistency and tracking your progress are key to forming and maintaining habits. BEST MOMENTS "Habits are both good and the thing is when someone says habit to you or the wider community, wider world, a lot of the time it comes with a negative connotation."  "If one's looking to change a habit or create a new habit, is you have to realise that you really want to do it." "I think everyone should choose to actively control their routine rather than let their, because life is what happens regardless whether you choose it or whether you don't." "Because once you've got a process and you follow the process, then you're more likely to get consistent results." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron delve into the origins of money and its evolution throughout history, focussing upon the importance of understanding the history of money in order to gain valuable insights and lessons that can be applied to various aspects of life. From the barter system to the development of standardised coins and the transition to fiat money, the team explore how money has been used as a means of exchange and a tool for wealth creation, and discuss the concept of money as a tool and how it can be used to invest, accumulate wealth, and achieve financial goals.  KEY TAKEAWAYS Understanding the history of money is important because it provides insights into the fundamental concepts and principles that still apply today. Money is a tool of wealth, not wealth itself. It is a means of exchange and should be used strategically to acquire assets and investments. Throughout history, money has evolved from the barter system to standardised coins, paper money, and now digital currencies. The value of money is based on trust and credibility in the institution that issues it, as opposed to being tied to a specific commodity like gold. BEST MOMENTS "Money isn't wealth. Money is a tool. It's a tool of wealth." "Money as the root of all evil, the love of money as the root of all evil. Money doesn't exist. It's an inferred value."  "If you understand what money is, then you can start looking at it slightly differently."  "Money is a means of barter. It's a means of exchange. It's a tool to get you from point A to point B in a more efficient manner." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Shaz and Kieron discuss the importance of starting financial education at a young age and how it is often overlooked by society. They emphasise the need for parents to teach their children about finances, including concepts like saving, spending, giving, and investing. They also highlight the benefits of early financial literacy, such as making better financial choices, being more confident and competent with money, and developing a mindset of investing and saving.  KEY TAKEAWAYS Starting financial education at a young age is crucial for children to make better financial choices as adults. Parents should set a good example by managing their own finances responsibly and involving children in financial activities and decision-making. Open conversations about money should be encouraged, creating a safe space for children to ask questions and learn about finances. Teaching the difference between needs and wants helps children develop financial discipline and make informed choices about spending and saving. BEST MOMENTS "Children who receive a financial education in the early years tend to make better financial choices when they become adults."  "Money doesn't grow on trees. We're working to pay the bills."  "If you invest right, you'll get a much better return." "I think the key difference is financial discipline." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Basics Of Wealth

Basics Of Wealth

2023-10-1646:33

Shaz discusses the foundations of creating wealth, exploring its very concept, with different perspectives on what it means to different people. The episode focusses on the importance of patience, perseverance, and staying on course in order to achieve financial goals.  KEY TAKEAWAYS Take the time to track your income and expenses in detail to gain a clear understanding of your financial situation. Continuously work on personal development and education to improve your mindset, skills, and knowledge, which will ultimately lead to greater success and wealth. Surround yourself with positive and knowledgeable individuals who can support and inspire you on your wealth creation journey. Be comfortable talking about money and work on removing any negative stories or beliefs you may have about wealth and money. BEST MOMENTS "Creating wealth isn't something that happens overnight. It happens one step at a time, one activity at a time, one day at a time."  "Building wealth is a mindset. Once you get the mindset right, then everything else follows in situ one by one."  "Track all of your expenditure line by line. Once you can list out everything that comes in and what's going out, you can then budget and manage properly."  "Surround yourself with the right people who are positive and who know about things that you want to know about." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Marketing And Wealth

Marketing And Wealth

2023-10-1150:50

Shaz and Kieron delve into the world of marketing and how it can be used to create wealth. They discuss the misconceptions surrounding marketing, focussing on the fact that it is simply a transfer of information and a way to satisfy customers' needs. They highlight the importance of understanding one's target audience and crafting compelling copy that evokes emotions.  KEY TAKEAWAYS Marketing is about exchanging value: Marketing is not about scams or deception, but rather about providing something of value to customers in exchange for their money. It is a transfer of information and a way to satisfy customers' needs. Marketing is about mindset: Marketing is not just about promoting products or services, but also about creating a mindset in others. It is about influencing people's thoughts, beliefs, and behaviours to align with your own. Good copywriting is essential in marketing. It is important to spend time crafting compelling headlines and copy that evokes emotions and resonates with your target audience. The right words can make a significant impact on the success of your marketing efforts. It is important to track and measure the response to your marketing campaigns. This includes monitoring open rates, click-through rates, and other metrics to understand what is working and what needs improvement. BEST MOMENTS "Marketing is just a passing of knowledge. It's a transfer of information, but it's also, when you get deep into it, it's more about human psychology."  "Marketing is all about mindset and creating a mindset in others. My mindset is the growth mindset, wealth mindset, all the rest of it"  "Marketing is about delivering and exchanging value that satisfies somebody else's needs that you hold and they want. It's a fair and honest exchange."  "You've got to spend your money to make sure you get some kind of return. Marketing is just another form of communication and it's about delivering and exchanging value that satisfies somebody else's needs." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
A Brief History Of Tax

A Brief History Of Tax

2023-09-2750:29

Shaz and Kieron delve into the complex and often misunderstood world of taxes, discussing the various factors that determine how much tax an individual should pay, and highlighting the importance of understanding one's specific situation and goals.  KEY TAKEAWAYS The tax system is complex and poorly understood, requiring the expertise of professionals to navigate effectively. There are numerous tax reliefs, exemptions, and allowances available that can significantly reduce one's tax burden if utilised properly. It is within an individual's rights and obligations to structure their tax affairs in a way that minimises their tax liability, as long as it is done legally and in accordance with the tax code. The tax system is not a level playing field, as those with access to information and expert advice can benefit more from tax planning and optimisation. BEST MOMENTS "I think every question, the answer to every question should start with it depends."  "No wonder so many people are struggling… It's just… a lot of tax."  "A good tax expert should save you more than they charge you."  "If you've got enough money to invest in someone that knows the tax code, you can be more efficient."  "It's not a level playing field… One person has access to information, the other doesn't, so that person benefits."  VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
Good Debt and Bad Debt

Good Debt and Bad Debt

2023-09-2547:25

Shaz and Kieron discuss the concept of good debt and bad debt, exploring the difference between the two and provide their own perspectives on the matter. They highlight that debt can be viewed differently by individuals based on their personal beliefs and values, and discussing various types of debt, including mortgage debt, student loans, and business loans for growth, which they consider to be examples of good debt.  KEY TAKEAWAYS Good debt can be beneficial in the long term, such as mortgage debt that allows for property ownership and potential appreciation. Student loans can be considered good debt as they enable individuals to obtain higher education and qualify for higher-paying jobs. Business loans for growth can be a form of good debt, as they provide funding for investments that can lead to business expansion and increased profitability. Bad debt includes high-interest credit card debt used for non-essential purchases, payday loans with exorbitant interest rates, and non-asset backed personal loans used for frivolous expenses. BEST MOMENTS "The truth's somewhere in the middle, like most things."  "If you're taking a loan to meet your expenditure, there's a problem."  "It is akin to indentured servitude. It is modern slavery."  "I would rather pay twice as much for something when I can afford it, than pay half as much for it when I've got to put it on debt." VALUABLE RESOURCES shaz@aaa-accountants.co.uk  https://www.facebook.com/shaznawaz11 https://www.linkedin.com/in/shaznawaz/ https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors. Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable. He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
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