During this episode, I review a common theme running through both Mikes and Hywles episodes, FYR009 and FYR010. Although they come from two very different professions, Mike is a successful professional fund manager and Hywel is a successful business consultant, they both stressed the importance of planning.
Hywel started his career working in the oil and gas industry working on large multi-million-pound projects. Hywel spent many years, organising large teams, attending high-level board meetings, and ensuring these multi-million-pound projects were delivered on time and within budget.
Hywel left the oil and gas business in 2016, taking his immense knowledge, specialising in business strategy, business planning, and business analysis for small to medium-sized companies and start-ups.
Mike Andrews is the founder of Traders Temple Capital and Asset Management, specialising in global currencies and commodities and is the head trader of the Fund Your Retirement fund.
Watching your net worth increase over the years is a comforting and rewarding experience; it gives a feeling of security and also the freedom that comes when the time is ready, you will be able to do what you want, with who you want, when you want.
During your journey to funding your retirement, you will experience many setbacks, some setbacks because of the decisions you made personally, when this happens, own it, learn from it, dust yourself off and carry on. Sometimes, situations will arise you have no control over, like the one we are collectively facing now. Developing the right mental framework serves two purposes; it gives you discipline and certainty in an uncertain environment.
This is the fifth and final principle for funding your retirement, Income Producing Assets
Income-producing assets are the ability to generate a regular income for yourself after expenses, such as rental properties, stocks, bonds, land, and businesses.
Entrepreneurship is far more than starting a business; it is the ability to learn and adapt, which is one of the essential skills to have in life. Humans have always been creative and had to adapt to their surroundings, and today is no different. The world is changing and is requiring adaptation.
Investing and Trading can simply be defined as the ability to generate income and build long term wealth for you and your family from global currencies, stocks, commodities, and shares.
The Fund Your Retirement podcast is designed to inspire you and educate you on funding your retirement. We will be sharing the best strategies, skills, tips and resources to grow your wealth. Lee will introduce you to highly successful investors, traders, entrepreneurs and experts who are passionate about sharing financial intelligence and solutions for income and capital growth. The Fund Your Retirement podcast is dedicated to helping you level up your financial intelligence as well as build long term wealth and retirement prosperity. It is a mix of interviews and solo shows from Lee that you are definitely not going to want to miss.
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Important: The purpose of this website is to provide information and education. This website does not constitute professional financial advice. If you need financial advice, consult with a regulated financial professional in your country before making any trading or investing decisions.