Latest / Money Grows on Trees / #271 - Ask A Millionaire (LIVE & FREE For Callers)

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#271 - Ask A Millionaire (LIVE & FREE For Callers) · Money Grows on Trees

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And we are live! Welcome to our brand new, fun,
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exciting segment called the Wealth Hotline,
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where we take live calls from the public
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about a particular topic when it comes to their money, business,
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mindset, everything to do with their wealth building. So
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I'm excited for this segment. It's the second time we've done this now. And
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each month we're coming here to do live calls with people. Today we've got
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five lucky contendants that have, they've thrown
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their hat in the ring, so to speak, and they have questions for us. So
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super excited to help them today with whatever questions they have around their
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wealth. It's gonna be super exciting. We wanna make sure that we're educating them
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and we're helping them to, and coaching them to make their own
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best decisions, all right? So let's get to the first person.
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This is gonna be cool. So I'm gonna hold my phone to the mic. and
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make sure you can hear this, right? Right
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now? Yeah, okay. So
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we're getting directed here at the same time. Here we go. You're gonna
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be everywhere. Well, hey legends, what's up? We've
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got this fun, exciting new segment on our channel on
1:21
YouTube, but also on our show and our podcast. It's called
1:24
the Wealth Hotline. I'm taking live calls from the public to
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talk to them and help them and coach them through one particular area of their wealth. It
1:31
might be their business, making money, their
1:35
financial strategy, their mindset, whatever it
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might be. They're going to call in live and ask their questions. So
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go check out our YouTube channel if you wanna see what this looks like. Of course, we're about to
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go live. In fact, we are live right now in the studio. So here we
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go. I'll see you live on the Wealth Hotline. So
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now I've done that. Let's go to the first caller. Let's
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do this. This is Caroline. Here we go. This is
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a bit of roulette because sometimes you don't know if they're gonna answer. Caroline
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Lloyd. Yes,
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you're on the world hotline and I've got your Australian mobile number
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here so. Yes. No,
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that's okay. I think you're doing a wonderful job of being easy to contact. So thank
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This is a fabulous opportunity.
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So I really appreciate it. The last time you put it out there. Yeah,
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I was just reluctant only because I thought there might be
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other people more deserving or whatever. But this time having seen what
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And there you go. I love it. Thank you for throwing your hat. I'm excited for you to
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throw your hat. So Carolyn, what question do you have
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I'm trying to work out where I'm at regarding what to do with my
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cash and I have a fear about putting all of this cash into investments
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given that I have still property, which
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is mortgage. So I'm looking, you
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did ask me when we last interacted and
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I've been in Newcastle, I'm in Newcastle, I'm sorting out
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What is your underlying like core question that
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you need answered? Like what is on your mind? What
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I think it's validating, I've sort of worked out
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one approach, it may not be the only one, but I've worked out
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one approach with my cash. Because
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it's not a case of I can't hold on to cash, but I'm worried about
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putting it in stocks and shares, and then it not going up for
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Got it. Okay. So you're wanting to know how to deploy your cash
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Some of that will be potentially buying my mother's apartment,
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We have all these options. So we have on the options for cash, we have
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do nothing and leave it in an account. We have put into a term deposit
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and get some returns. We have pay off debt. We
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have keep properties and pay off debt. We have perhaps
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investing in some other assets like shares, et cetera. We've
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So my question to you is, irrespective of the size of the cash, What
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is your overall objective? Like, what do you want to achieve financially?
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Well, it rolls into one, but it's in
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I'm in a situation now where if I use my money sensibly,
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I can be reasonably comfortable. But
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that intention is, I'm not at the moment, rich
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enough to be able to do whatever I want. But the nice
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thing about being reasonably comfortable is I can now create
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another business and involve other people
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without having so much concern about my security,
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It's working out the
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method for paying down some of these mortgages.
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I've taken on board your comment about potentially
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Okay, so let's look at it like this. You've got, how
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At the moment, there may be some calls on it, but in the UK,
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That doesn't matter. And about $205,000 in
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Okay, so let's say there's say 200K Aussie and there's about, so
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you probably got around 800K total or 700K Aussie, yeah?
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Yeah. Okay. So how much debt do you have
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My UK properties, it's 500 and
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just looking at the form, 551,000. Pounds?
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Okay, so let me ask this question. How many properties do
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Class four. So that's five. Two of
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Five total. Okay,
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total properties, how many total properties do you own? And
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Six total, but the
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Okay, perfect, wonderful, excellent. So let me ask
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this question. What is preventing you from just paying off
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all the debt of those properties and having them all debt free and having them
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trying to work out what the best way of using
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So. So my question to you is though, if
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you've already got the properties, they're already producing income, you've
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already transacted them, what's preventing
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you just paying off the entire balance of the debt and have them all
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debt-free, all producing passive income to you? So you can
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Because I'm looking at buying my sister's half of
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Well, I'm getting valuations at the moment, but I guess is
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I may have to pay her eight or
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So is your objective to just accumulate properties
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The latter, but I'm trying to put in
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some backup plans because things are not good
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Sure, okay. So you want to diversify your real estate holdings
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So what would prevent you from selling one of your properties over there
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and adding it to your cash and buying the
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Well, that's what I'm looking at at the moment, as well as paying down
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What's interesting, Caroline, about your situation with six properties with
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only 550 odd thousand pounds of debt on it
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with all your cash too, is that you
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have the ability now to
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have probably four of them. fully
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paid off and unencumbered if you include the Australian one. So you
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can potentially sell two in UK and
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use the cash to buy the one here in Australia and you'd have
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to pay off the debts. But you have the opportunity now with your cash and
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your equity in your portfolio to actually own probably
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four of them outright. And
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so you're actually like a breath away from financial freedom.
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Like you're one decision away. And I think what
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happens to people is they get confused thinking they always have to invest in
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some other asset class. Like, I have to invest in shares. I have to know everything about
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everything. I have to invest in gold. I have to invest in, you don't have to
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do everything and anything. You could just, like real estate's a very solid asset,
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particularly if you're looking at real estate in major Western
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countries, right? So there's probably nothing
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stopping you from having financial freedom and independence with just a
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paid off property portfolio. Like
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I'm not arguing with you. It's just because
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And at times you don't have someone to bounce ideas
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Therefore, having a backup, I
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can see that since two of my, or
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all my rental properties, I hold in a limited company.
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They were bought with a director's loan so that all the income can,
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for 10 or 20 years, be put into me tax-free. The
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only other thing I was going to say is one of the benefits I've had from
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doing your course, apart from looking at things with a different hat,
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is because the properties are owned by a company, I
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can own them up until I think I'm 80. I've got another
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10 years before I'm forced to pay off mortgages. So
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I've realized that I could, for example, for one of
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them, pay down 70. So I'd
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have the current repayment would be interest
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Yeah, but I think you're complicating it. I
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think you're complicating it. I like if the roles were reversed, I
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would. Apart
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from this one, you want to buy it. You're just in a position where you can be debt
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free off on six properties. Like it's one
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decision away. Yeah,
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so I think it's like, that's why I asked at the very outset of the call, what's the
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objective? And a lot of people can get carried away with objectively just
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building empires for the sake of empire building without a real clear
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understanding of what they're trying to actually achieve with their life. So that's why
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that's why the question is, what kind of life do you want to live? Not how many properties do
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you want? So it would be what if with
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one fell swoop, you could pay off pretty much all the debt of
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all the properties, perhaps tuck away a bit of extra cash for for
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emergencies, etc. But all the income from those properties with
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no debt on them will provide you enough passive income to literally live a life
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I guess I'm not taking that on board yet. It's the
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Well, if you had your home paid off and
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you had five properties debt-free producing income, how
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Well, that's what I'm just sort of net. I'm sort of working
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through. I've done that number. Yep. I
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haven't done it for the paid off. At
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the moment, let me just look at the table
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Here's what I would suggest to you. Here's what I would suggest. I
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would suggest looking at how much passive net
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income. So net income means after costs of running the property. So
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the operating costs, how much net income after
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tax goes into your pocket on a
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weekly or monthly or annual basis without
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any debt on those properties. And if the
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answer is, well, actually that's pretty much like a full-time salary. You're
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literally living like the 1% of the 1% of the 1% of the
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world. And you can then start to really
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decide on how do you want to actually live your life. Now, that doesn't mean you have to stop
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working either, by the way. You can do both. You could have passive income coming
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in plus keep working. But you have a choice then to really
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work on what you want to work on. And I just,
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I don't think you need to complicate it that much because
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you've done all the hard work already. Like to have
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a home paid off and potentially in a breath have five
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other property investments paid off producing passive income. You're in
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a seat that you're the envy of the world and
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your mindset might be stopping you from just making that decision because perhaps you're
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I'm listening. This is why I joined
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your group. Yeah, this is why you called in. No, no,
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totally. Because people sometimes call into me or talk to me and say, oh,
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Lloyd doesn't like property. Of course, property
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is an effective asset. It produces cash flow, grows in value of time. I
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just don't like overpriced property, like anyone. And I
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also don't like big mortgage debt. And I like optionality. So
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I just think about your situation, think, God, you've got all these properties, you've
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paid the transaction costs already, they're already in place, they're already producing
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income, you've got this cash, I mean, you
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eliminate the debt, you've got no debt on it, fully risk free, like, you know,
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there's no debt risk, no financial risk. And then you've just got you're
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passive income tricking and you've got multiple doors. So you've got multiple
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properties, so it fortifies the income, it's diversified across
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multiple properties, you don't have any home mortgage debt, and you're at an age where
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you can keep working and have both. And I really do think that your
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decision where to deploy the cash, it doesn't have to be complex. right?
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It's just where's the most, where's probably the most obvious place
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to deploy it to get the life you want. And if I know where
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that is, and if I were your age and where
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you're at with everything, I think you're just so close to having financial freedom. So
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I would say to you this, to finish the call, look at the amount
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of income you can make with debt free properties. And
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make the decision of where to deploy the cash based on what is the safest, fastest,
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most effective route to getting passive income for the rest of your life. And
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take the path you understand. You don't have to play in games you don't understand just
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because. And
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if the income's not enough, then keep working until it is enough. But
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I would argue that
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if you can't live a nice life on no
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mortgage debt and five paid off property investments, then
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perhaps you just need to bring a laptop. Yeah, it'll be a lot. And I think you're
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there. So I would say to you, go check out the numbers. And
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then when you get to the number, shoot me a DM on Instagram, whatever it is, and just
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Okay. Home mortgage, 1.97% interest. So
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really to pay that off when I've got another two years at that rate.
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Secondly, what I learned from you is I could pay 18 down on
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a property and invest 40. And in 10 years, when I
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have to redeem the mortgage, I can come out with 8% interest
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at 102,000. So, you know, I can
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pay less down if I use some of the investment strategy, as
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long as it works. That's why I'm being careful and trying to
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Well, it just means you've got to learn a whole new landscape. That's
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all. It's all. And what's very tricky at
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the moment is how do you deploy large amounts of cash into any market?
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See, when you pay off debt with cash, it's
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a guaranteed riskless investment. Because
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paying off debt, your return on investment is the debt. You
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don't have to pay the cost of the debt, right? So it's an absolute guaranteed return
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when you pay off debt. Whereas when you're going into, say, the markets, you've
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got to remember that it's a very richly valued market. And
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it's tricky to deploy half a million pounds, whatever it is, into that. Because
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what if the market goes sideways for 10 years, collapses? The
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best way to invest in alternative assets or even
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stocks, if you've got lump sums, is to actually dollar cost average
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I don't know if you have to because the entire
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objective of investing is to get enough passive income to just not work again, as far
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as I'm concerned. So you're just so close to that. Now,
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if you happen to, for example, have 1.95% of
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your mortgage, you don't want to put your money there because there's not a high return on investment of
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the debt. Perhaps even a high interest account
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of some sort would be better at 5% because it's better than a mortgage of 1.9%. So
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just something that's... that it doesn't have to be
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risky, but something that's gonna compound more than 1.9% would
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be fairly appropriate. But once that term expires
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and the interest rates trigger back up, you will wanna pay the
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debt off because the interest rate will be higher. So I think just optionality
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is an asset as is having debt-free assets. Got
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it? So I can't say to you, Caroline, go and
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put your money in this stock or that if I can't give you the financial advice. But
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what I can say is, I don't
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think it has to be risk assets. I don't think it has to be complex. I don't think it has
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to be anything but probably pay off the high interest debt
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as soon as possible and
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sit on the cash in a high interest term sort of account for a while until the other mortgage
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kicks up a gear and then pay it off. Or you could just pay it all off
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now and just get it over with and you live your life. You
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know, I just think it's that close. So here's my suggestion. One,
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figure out the amount per year coming in from the debt-free properties, okay?
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And then once you do it, send it to me on Instagram. I wanna see what it is. Okay?
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That's your task. Cool. All right. No worries.
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There you go. Interesting, isn't it? Keep
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things simple. Simple scales, complex fails. You
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don't always have to... God, financial independence is so close to
20:37
so many people. It's just like, let's just do the step and get the freedom today. Let's
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just do it now. It's almost like people are afraid of
20:44
that sometimes, which is normal, because it's like, oh my God, I actually have the
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thing I really wanted all this time, freedom. Oh my God, I'm scared now. What am
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I gonna do? Because it's a very unknown area, right? So, I mean, so
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cool to see Carolyn. She's so close to freedom. She's there already. I mean, it's pretty
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simple stuff. But hey, paying off debt at
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a time when debt is quite getting more expensive as well, in
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many cases from what it was, it's a pretty good return, right?
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Like last time I checked, you can't go broke with no debt. Okay,
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let's do another one. Let's go Kirstie now. We'll give her a call here. See
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if I can copy.
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So these will typically go for 10 minutes. That one was a bit longer. That
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was a bit more protracted, but let's go for Kirstie here. See
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if she answers. Here we go. Wonder
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what the question's gonna be here. Kirstie
21:47
Lloyd Wow, what's up?
21:50
Perfect timing hope they're asleep
21:54
Wonderful excellent put him in front of the box brilliant. So is this a
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good time? Oh Marvelous,
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so we're on the Wealth Hotline. Oh, exciting. So
22:17
Amazing. On my mind was how to
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bring value, I guess, as like,
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I'm not exactly a fresh startup, but I do pet for keepsakes. And
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I'm like, how do I bring that as a value perspective to someone
22:35
like yourself or a person of influence to get the word out there about the
22:41
Yeah. Um, as in like, um, family pet
22:45
passes and they keep a bit of fur and I can set them
22:52
So when the pet, so when the pet passes away, you give keepsakes.
22:56
Okay. That's your business. Yeah. Yeah. Excellent. So
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the question is, how do you build a brand around it and get the message
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like to do is to reach out to people like to
23:10
obviously build endorsement and awareness about the brand. At
23:14
the moment I like locally is
23:18
where I've sort of started with it is to go and approach vet clinics to
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then get referrals for their clients. I'm like okay I need to
23:24
think bigger than that and more outside of the box than that. How
23:29
can I approach yeah like famous
23:33
people, for want of a better word. Yeah,
23:37
to sort of build my brand awareness, but also to give back to them. Cause
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I don't want to just go, Oh look, this is a cool thing. You know,
23:48
So how many, do you sell products? Do you sell a specific amount
23:51
now? Like is it consistent sales? Are you doing, you got- They're
24:04
Ideal customer is probably dog owners or
24:07
horse owners. Horse owners are helpful because they're
24:11
large animals and they're very hard to cremate.
24:18
Okay, cool. So they're the specific animals that
24:21
people become attached to the most, like a family member? Yeah. Okay,
24:25
cool. So how do you get your keepsakes in front
24:28
of more people? So I think it's a matter of, you're
24:32
already kind of doing it with the vets, but a couple of things I would
24:35
do. Firstly, I would
24:39
be blogging and posting on Instagram every
24:52
Okay. So I'd be doing, I'd be aiming for at least two posts a
24:55
day. And what I would be doing too, is I
24:59
would be, I would be learning the
25:02
ins and outs of Instagram and I
25:06
would be, uh, I'd be doing a
25:10
different variety of content, but more often than not, it's just
25:14
documenting your journey with your business. Okay. So don't
25:17
have to overthink it. You don't have to be super creative, but the most important
25:20
thing is people know you exist because you can't sell a secret. And
25:24
so the idea of the Instagram would be, over time, you
25:28
would want to be doing collaborative, shareable
25:33
content with the vets via their own Instagram account, so
25:37
that it's going to their audience. So if I think about
25:40
all the partnerships you want to create, you'd want to create partnerships with
25:45
people like pet angels who come and collect your pet when it passes away.
25:49
And pet angels have their own keepsakes, but at the same time,
25:52
you could definitely partner with them for things they don't provide. And
25:57
there's more than just pet angels that would do that service. So it's those
26:00
services, it's definitely vets, but you could specifically
26:04
partner with a type of vet that has a large Instagram following and
26:09
database. And what you'd want to do is you'd want to incentivize them.
26:13
So you either pay for placement or you give them certain things
26:17
for their audience that they value. So you don't, so you actually like
26:22
Yeah, exactly. And that was where I sort of was hitting a bit of a wall. I'm
26:25
like, I don't want to just cold message without a
26:31
Well, you can. Well, we've got a purpose for me, but for someone else, what are
26:34
they getting out of it? Yeah, so you can cold message and how you would do
26:37
it would be, you would start with $200 per referral
26:42
in the top message in a DM. So they know
26:45
they're going to get paid for whatever it is they're about to look at and read. And
26:49
you can literally just start the sentence with that. And then you could just
26:52
DM them and say, Hey, this is, I have keepsakes. I'm looking to collaborate. I'm
26:56
open to paying for collaboration and shout outs and cross-pollination
27:00
of audiences. Is this something you're open to? Would you be open
27:04
to, I do this, I'm looking to build my business. I want to
27:07
work with local vets. You caught my attention because of these reasons. Would
27:11
you be open to a collaboration that's a win-win outcome? Because
27:15
people aren't gonna be closed off to a win-win outcome. They're gonna be open to it,
27:19
right? No one's gonna say, no, I'm not interested in a win-win outcome. But when
27:23
it comes to yet, when they say, yeah, I'm open, you have to definitely have something
27:26
that's of value to them. Because what's of value to you is their
27:29
audience. And so what they'll be saying is what's in
27:33
it for me, right? And the fastest way
27:36
to get what's in it for them is give them money. That's
27:41
the five like I'll just give you money, right? So you got it you could start there
27:44
and as you start to evolve this and have more conversations You
27:48
may want to actually then decide well actually I've got this in it for you So
27:52
there'll be other things you can provide that that might not be money. But at
27:55
the outset it's gonna be money and what you want Yeah,
28:01
totally and so you can literally DM every
28:05
vet that's in Australia on Instagram
28:10
And DM them on LinkedIn too. I don't know if Vets, I think Vets might
28:14
be on LinkedIn as well. But they're definitely gonna have Instagram accounts for their own business. They're
28:17
probably maybe gonna have Facebook account, but Instagram is easier to get in touch with them.
28:21
And possibly LinkedIn, right? Okay, sweet.
28:33
But you don't have to be there in physical in person to give you
28:50
Fine, so it can be everywhere, because a Zoom call
28:54
is as good as a meeting. But referral partnerships is
28:57
one form of marketing. What you want to look at from your Instagram is
29:00
you want to probably find a couple of reels that work well. So
29:06
when you're putting content out, watch for the content that really hits
29:09
home to get a lot of followers. And those
29:13
that work well, all you would probably want to do in the first instance
29:16
is start paying and hit the blue button that says boost and boost for followers
29:20
for that particular reel that you did. And as people
29:23
are coming in and following you, you want to hit the follow back button and
29:26
then you want to actually have a conversation with them in the DMs. Got
29:31
it? So, yeah. So, and one of the things you
29:34
can do is like, you can also follow the pet
29:39
accessory pages because all your perfect
29:43
clients are on those, following those pages. So pet accessories, et cetera. Potentially
29:47
pet food, depending on what kind of pet food it is. Dogs obviously is
29:50
one that you want to go for. And if you just went and
29:54
followed those accounts, all your perfect customers are in the comments. And
30:00
so you can actually like, you can start
30:04
to DM and follow some of those key customers, particularly ones that have,
30:07
you know, a few hundred friends on their Instagram. And you can start to
30:10
have conversations with your customer. Right? And
30:14
they'll find your page and so forth. Now, when their dog passes, they might see
30:17
you, but what will happen is you'll start to attract that followership to
30:21
your Instagram account. And then as you start to
30:25
boost more of your stuff and advertise your product range, you
30:29
can very much, like you can select your audience. And
30:33
what you'll want to do is have a specific reel for
30:36
one product that is your best selling product and have a
30:39
link for them to actually go and buy it. So
30:44
you could do a reel that's selling your best keepsake and
30:48
have an ad that's crafted to hit an audience where they've just lost a
30:52
dog. And you can literally pop
30:55
up in front of their feed with that ad and either have it
30:58
click a link to go buy your thing or click follow to follow
31:02
here. And you can have a conversation in the DMs. But paid ad
31:05
strategies to a specific audience targeted
31:08
for a specific time for a specific thing is
31:12
the power of paid traffic, and you need to harness it. But at the same
31:15
time, you're building your Instagram account organically, you're looking at
31:18
what works, you're testing different content, and then
31:22
one that hits, do an ad around it, pay the money to target your audience,
31:25
get them to come in, buy your keepsakes. And that's probably the fastest
31:28
way to build customer acquisition. Meanwhile,
31:38
Yeah. Like, I guess
31:42
I targeted that mostly because they would be
31:49
They're referral partners. So they will send
31:52
you consistent, hopefully over time, consistent customers. But
31:56
you can also target people who literally have just lost their pet today in
32:04
You just put an Instagram ad together. If
32:07
you go to Udemy, have you heard of Udemy? U-D-E-M-Y.
32:13
Go in there, get a course for cheap on how to craft
32:17
an Instagram ad. Watch it, then
32:21
go craft an Instagram ad to your perfect audience, to
32:24
your best keepsake and see if you can make a sale. Yeah,
32:28
right? Beyond that, there's things that you can do with your landing page, where
32:31
they're going, et cetera, et cetera. There's more to it than just that. But
32:35
try just with Udemy, craft the ad on your Instagram, and
32:38
then go and see if you can develop a sale of one of your keepsakes. But
32:43
there's lots to it, right? There's branding over time, content you gotta put out
32:46
each day, do your referral partnerships with your vet, but at the same time,
32:49
do a small paid strategy. But the most important
32:53
thing is that you have to understand that this is gonna
32:56
be consistent action every day for the next 10 years. That's
33:02
just how it is. Got it?
33:06
Totally. Yeah, absolutely. So go do that. Yeah,
33:11
absolutely. Absolutely. Absolutely. Just stay with it. But go and keep
33:14
testing these things. And also, last bit, find an
33:17
account that's already marketing keepsakes like yours, perhaps
33:21
in a different country like the United States, and model exactly
33:25
what they're doing. Clone them. So
33:30
how they post, you post. Model their ads. Model their
33:34
organic feeds. Ask them questions. Model their whole setup.
33:38
Model their landing page. Funnel hack them. Instagram hack
33:41
them. Literally just model them as close as you can. That's probably one
33:52
Bloody marvelous. Thank you for calling to the Wealth Hotline. It's been awesome chatting with
34:02
Bye-bye. There you go. Pretty
34:05
tricky one, that one, because there's so much to, Building
34:10
a business. But you can't sell a secret. So I
34:13
think a lot of people don't realize that you've got to document what you're doing on
34:17
social media. It's the biggest notice board in the world. And you can't
34:20
sell a secret. You've got to be on there. You've got to be documenting, paid traffic, referral
34:23
partners, bit by bit, each day, each day, each day. Yeah,
34:28
what are the comments? Comments! Come on, come on the comments. Here
34:31
we go. G'day, how you going? Get
34:35
a bloke up here, man. We run a
34:38
home dog room biz. Both of us work full-time. Cool revenues for today.
34:42
Wow. Wow. That's so good. Revenue five to six K a week. Current
34:46
expense is $300 a week. That is so good. Looking at a
34:49
shop, $800 a week rent. How
34:52
do we judge if this movie is financially viable and sustainable? That's a really good
34:56
question. Get a bloke up
34:59
here. Home, dog grooming, biz, both
35:03
work full-time. So I'm assuming you're working full-time
35:06
on the business. So you're making five
35:10
to six grand a week on $300 a week. So my question is,
35:14
why do you need a shop? And
35:17
if the answer to that question is because we wanna separate our business from our
35:20
home, we feel like we can charge more if we have a place, we can find
35:25
efficiencies by having a workplace, et cetera. If
35:29
that's the case, then you gotta understand, is
35:33
the 800 a week, is the juice worth the squeeze? And does the 800 a
35:36
week eliminate the 300 a week, or is it 800 plus 300, so it's
35:40
1100? Looking at the margins of the business, the business can easily, I
35:43
don't understand the other costs, but it looks like it's only 300 bucks. So you're probably
35:47
netting five grand a week. You can easily afford a
35:51
shop for 800 a week, you can. But you've got to make sure what's the
35:54
objective. Is it just so you can say you've got a place of residence, or
35:57
is it actually going to create efficiencies that are worth more than 800 a
36:00
week? So if you can earn more than 800 a week, you can either put
36:04
your prices up, you can build efficiencies, you can leverage more,
36:07
you can build better, like whatever it is, it's
36:10
got to be worth more than 800 a week. Otherwise, stay
36:14
where you are, right? So judge it
36:17
like that. Would the juice be worth the squeeze? But from all
36:20
accounts of what you give me here in the comments, you
36:25
can, the business can handle it. Does that make sense? So there
36:28
you go. And it's also tax deduction. So anyway, that's a cool question. You
36:31
can't sell the secrets of teaming, create partnerships. This must be Alicia. This
36:35
is my amazing wife. This is why you got to marry well. That's the best advice I
36:38
can give you on money. Marry well. Think about it for them. She's on there. All
36:42
right, that's it. Cool. That was a fun one. We got a little time left
36:45
here. We got time for one more, huh? Two
36:49
more, okay, let's go. What have we got? Next person. That
36:52
was a fun one with Kirstie. Go, Kirstie, that's awesome. Okay, let's call Mark here.
36:57
Let's go here, Mark. Cool,
37:00
let's see if Mark's, oh, he might be in a meeting. He did
37:04
say in the email, oh yeah, he's in a meeting. We can't call him yet. We'll maybe call him
37:07
after. Let's try this one. This
37:17
I've gotta see if this one will work. Put
37:23
the country code in. Here we go. Let's see if this works. Joseph.
37:32
Your call has been forwarded to voicemail. The person you're trying to
37:35
reach is not available. At the tone, please record your
37:42
Joseph, Lloyd, you're on the world hotline, my friend. Anyway,
37:47
we've phoned you, you may have been held up. So just
37:50
leaving you a voice message to say, hey, perhaps next month, if you're free, we can jump on again.
37:54
But shoot me a text back when you get this and I'll talk to you soon, bye. Okay, let's
37:59
have a look what else we got. And we can't call,
38:03
so we've done Caroline and Kirstie. Can't call Joseph's
38:06
away. Mark and
38:10
then. I've
38:18
got another one here somewhere. Where was it? I
38:31
think that's all we have today. And the other one we just did in the comments. So
38:36
we can't call Mark. We'll try and call Mark, shall we? You know I shouldn't, but I'm
38:39
going to. We'll call Mark because he put it and he's just
38:43
said, I'm in a meeting maybe. So let's see. He's
38:50
gonna watch this back and be funny. Let's
38:56
call him. We
38:59
might catch him. May
39:07
not catch him. I don't
39:13
think he's gonna pick up. So that'll be it
39:16
today for our Wealth Hotline. We've done three good questions there.
39:20
The other two guys, they're incapacitated at this
39:23
present time. So that's what happens if you do it at lunchtime. Everyone's at work, right?
39:28
So anyway, look, here's what we do. With the new Wealth Hotline, this
39:31
is how it works. Every month, I send out a
39:36
little invitation to our Telegram channel. That's lloydstelegram.com. Also,
39:41
if you follow me on Instagram, there's an Instagram broadcast channel there you can follow.
39:44
I put it in there as well. And then potentially to specific people
39:47
back on our database and in our Facebook group, which is Money Buys Happiness. So
39:51
if you want to call in for a call about anything related to wealth, obviously
39:55
you heard some business stuff there, some money stuff, investing stuff, whatever it is,
40:00
you're welcome to call in. We just do this once a month for an hour a month,
40:03
all right? And each call typically goes for 10 minutes. You're welcome to ask the question.
40:07
So if you see that go out, you can actually call in
40:10
and hive high value calls that can
40:13
change the future for you. So I hope that makes sense. I hope you've
40:16
enjoyed it. And thanks for leaving the comments. It's great to get some interaction there in the comments.
40:20
If you've got any questions or other comments, pop them below. I'll come
40:23
and reply to them. And I'll look forward to doing this again live next