I Can Be Wealthy Podcast

Welcome to the 96th edition of the Inkosi Wealth Scoop! In this episode, I am joined by my good friend Tyrone Shum to unpack with you the interesting stories of two investors which highlights the old school way of approaching investing versus what I believe to be the new school way. We not only talk about their life journey but we also discuss the contrast between their mindset and rules when it c...

Welcome to the 95th edition of the Inkosi Wealth Scoop! In this episode, I'm going to discuss a hot topic in the investment world - should I invest with Grant Cardone and should you too? Grant Cardone is one of the biggest celebrities in the real estate market and watching his Undercover Billionaire episodes on YouTube can teach us a lot about property investing. That's why for today, I...

Welcome to the 94th edition of the Inkosi Wealth Scoop! In this episode, I'm talking about something a little controversial. I know this is going to get some of your hackles up but I want to talk about why in my opinion, traditional real estate investing is riskier than alternative investing.  There are lots of caveats on that but the big thing I want to point out in this episode is the princ...

In today's episode, I'm going to talk about something that has come up about four times in conversation this week alone: how is it possible that one can have a multi-million dollar property portfolio but can't retire? They are years away from any kind of meaningful financial freedom and don't know what to do.   This is a really common scenario. It sounds like it's the exce...

Today I want to revisit something I've spoken about a couple of times. I want to unpack this idea of why it's possible to build life altering wealth, particularly a passive income stream, in a low risk way in 2-5 years.  When I first spoke about this concept with people who are new to the world of alternative, I got cries of it being incredulous, that it must be voodoo, there must be som...

I'm really excited to discuss the topic of how to know if you are ready for alternative investments.   This podcast is picking up a lot of momentum and I’m receiving very excited emails from people who are starting to realise that maybe there's a flaw in the traditional wealth creating model, and that alternative investments are literally a game changer from the viewpoint of achieving fi...

Today I want to unpack exactly how easy it is to get to a six-figure passive income without needing a crazy amount of capital, and without taking on unnecessary risks.  So this is an episode that a few of you have been crying out for because, to some degree, what I'm trying to teach as part of this podcast is just the fundamentals of wealth building.  I think too often people are all about, “...

I want to respond to a couple of you that have sent me messages asking for more of a deep dive on private funds.  So today I’m going to unpack the three types of private fund investment strategies.  I want to pull apart:  what the private fund model looks like,  why it’s different to other strategies,  some pros and cons. I want to take you through some example deals, and I really want to send you...

In today's episode, I want to pull apart a concept that I think is really important for investors to understand, particularly experienced investors who may feel that they are getting a lot of wins.  I want to distinguish between passive and active investing and how that contributes to a passive income investing strategy.   I had a call earlier this week with a really great guy who has, on all...

Today, I am going to be a little controversial.  I want to talk about the absolute sack of sh*t that society has cultivated over the last 50 or so years, which tells us that unless we are prepared to take crazy risks, the idea of early retirement or financial freedom before retirement age is just unattainable.  There are many ideas that I'm going to bring into the discussion and I want to be...

I'm super excited today to talk about the myth that as your wealth grows, money problems disappear.  For those of you who are starting to experience wealth growth and are starting to recognise that your balance sheet is going up, this is a truly important recognition to have in terms of your development and wisdom around money and wealth. We cover: how money problems don't evaporate, the...

Today's episode is going to be fun, I'm going to be unpacking what I call the 100 year plan.  The real question is, how do you earn $1 today and still have it working for you and in existence within your family or within your tribe in 100 years? We cover: how can we create enough wealth to get through to D-day? delayed gratification, lack of wisdom to building wealth that endures, Natixi...

I am excited to have my good mate Craig Budgen with us, who also happens to be a member of our Inkosi Wealth programme. He and I have exchanged ideas and notes around the topic of how, as accountants or people with accounting backgrounds, we can use numbers to really tell a story.  One of the magical ingredients of Inkosi Wealth is constantly looking at where different decisions will take you and...

Today's episode talks about building an epic board of advisors to support you on your wealth-building journey. I like the expression of building almost like a Jedi Council of people who can help you navigate difficult decisions, help you identify great opportunities and help you preserve and protect your wealth over time. We cover: the four pillars of great investing, pillar one: stewardship,...

Today I want to talk about risk and reward.  There is an army of wealth professionals out there who are taught that risk and reward go together like a married couple. If I had a dollar for every person who told me that higher returns automatically imply higher risk, I'd be rich from that alone.  So in today's episode, I want to unpack this myth and discuss how to navigate that flawed thi...

It's really easy to look at other successful investors and believe that they always get it right. Maybe they have some kind of Midas touch or they're on a winning streak. Today, I want to share with you a few stories on why I don't think that's necessarily true, and why trying to avoid loss isn't actually necessary.   We cover: how loss is the natural consequence of divers...

In today's episode I want to do something a little bit different. I want to unpack a little bit about why I truly believe that Warren Buffett isn't necessarily the best investor in the world.  I want to talk about why, in my world, you don't have to be superhuman in order to build significant wealth. You don't need insider information. Self-made people like you and me can go fa...

I have a super fun topic for us today.   I want to use this quote as the starting point, a quote by Bill Gates:  “Success is a lousy teacher; it seduces smart people into thinking they can't lose.”   So today I want to pull this apart and explain to you why I think it's 100% true, and what you need to do to adapt if preservation of wealth really matters to you. We cover: the two common i...

Today's episode is for business owners at the two ends of the spectrum: those who have pushed the idea of investment and wealth-building to the backburner, and then those who've been giving it a bit of a shake by trying to build wealth but aren’t really sure where to from here.  I’ll help you join the dots around the ideas of building business value and wealth and why they're so int...

This is a very short, sharp one today on a specific topic, and the reason I've chosen this topic is because a number of people have actually asked me this question, probably over a cup of tea or a glass of wine. And so, I thought it might actually make for a good topic for those of you listening. So, what is it that I'm looking for, and what is it that I admire in people who become part...

In today's episode, I talk to a specific cohort of business owners who might be feeling that they're high net worth on paper - but they don't feel rich. We discuss the courses of action to building sustainable wealth and the impact of using these strategies. Unfortunately, the strategies aren't all that accessible, so we also discuss considering alternative investments. We cove...

We've been having a lot of fun in the last few months talking about various concepts around wealth building and investing and applying them specifically to property investment. Today we pull it all together, with Tyrone Shum of Property Investory as the guinea pig, and we discuss how all the concepts fit together. Generally speaking, when it comes to sharing your personal wealth journey, peop...

Today we discuss the question I get asked quite often: “Why is wealth-building so hard, and what can I do about it now?” This is a strategic bird's eye view to give you some insight into what I've been witnessing over the last ten years at least.  I share some of my own struggles on my journey so that you can better understand how you might go about diagnosing where to put your efforts a...

This week, we take an inside look into what a $1,000,000 network actually looks like, why it's so valuable and why so many people call it legal insider trading.  One of the guests that I had this weekend made a comment saying that he now understands exactly why I don't showcase the network that's inside the program more directly.  I unpack this statement as follows: how to get the r...

In this week’s episode, I unpack how to evaluate the quality of deals, whether they’re A-grade, B-grade or C-grade, to establish if the deal aligns with your risk profile and the goals you’ve set. The next step is to cultivate a good deal flow, and a way to do this is by building the right kind of relationships. Remember, the media isn’t always the best place to source information. So, I discuss w...