THE WEALTHY PEOPLE CLUB
Strategies and Structures of the Wealthy
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welcome
Welcome to The Wealthy People Club (TWP Club for short).
TWP Club brings together likeminded individuals who understand that creating long term wealth is critical for their family, friends and loved ones. The goal is simple, create wealth using the same structures and strategies that the wealthy use to shield their assets and minimise their losses to tax and other events that could have been avoided with correct planning.
My name is Alex Goldhagen and I have a career spanning over 25 years working with (and becoming) a high net worth investor, this has allowed me to live the life most people dream about, I travel the world with my family, I'm homeschooling and try to live an extraordinary life. I have another business True Wealth Property and over the 10 years of running that company I saw thousands of clients buying property to invest but most didn't have a clear strategy and even fewer had setup the right structure.
What does all that mean? The Wealthy People Club was formed with the sole focus of showing people there is a better way to accumulate property. Starting with the strategy, we find out why you are looking to invest, perhaps you are looking to buy a property to eventually gift to your children, then we establish the best structure to help this happen without incurring excessive costs in the future.
By joining the Wealthy People Club you will access myself and my team directly to help you navigate the complexities of the industry, your Accountant knows a lot of this stuff, your Mortgage Broker knows a part of it too, even your Financial Planner knows a lot of this, but for the most part unless you ask them specifically they won't share this with you.
How it all works
The Wealthy take ultimate responsibility for their own finances, they do not blame others for their situation. The Wealthy work through their problems with experts and understand leveraging other peoples time, and The Wealthy view failure as only short term, embracing failure as an opportunity to learn.
If you are looking at building out your portfolio and you want to do it as efficiently and effectively as possible then you need to surround yourself with relevant and useful information.
You've probably heard the saying "a fool and his money are soon parted!"
The process is simple yet requires a systemised and structured approach, starting with understanding your current scenario, your assets and liabilities and then making the decision to make any necessary adjustments and changes.
Now, to be clear and this is very important, TWP Club is not giving you financial advice, mortgage advice or tax advice, we are simply highlighting areas that need to be addressed, questions you need to ask of your panel of advisors.
As my own personal businesses and asset holdings increased I found that I needed a lawyer, then over time a different lawyer, and you too will find that over time as you become more successful you may very well need to replace old advisords with new ones.
The whole concept is to work with The Wealthy People Club long-term and as the club grows in size the opportunities increase exponentially.
the wealthy profile
strategy
You'll find that highly successful investors have a strategy in place. What are you hoping to achieve, and when are you hoping to have this accomplished by?
structure
The "how" or the "game plan" as we call it outlines the ownership model with your desired goals in mind, tax effectiveness, debt reduction or wealth accumulation!
application
Knowing and doing are not the same, the application of knowledge does not guarantee success, but lack of action all but guarantees failure!
Game plan to success
understand
We gather intel that is specific to your current situation, identifying concerns or current hurdles. A thorough and open discussion about objectives and financial goals, expectations and timeframes.
assess
Typically a review of meeting notes with any post-meeting clarification of items raised in the initial meeting. We treat each client like a business that we supply project management services to.
game plan
A collaboration approach allows you to form your own game plan with agreed measureable timeframes. Our engagement will be to keep you on track and offer a full review program keeping you accountable.
seek clarity
We don't know everything, but we know the right questions to be asking. If there are ways to legally minimise our tax position, we want to know, and surely you do too, if there are most efficient ways to buy, hold or even transfer my assets I want that information too!
due diligence
Every decision made needs to pass a financial due diligence process, what cost/benefit ratio is there? What, if any, other liabilities might arise and identify for yourself any mitigation tactics that can be deployed to strengthen your position
commencement
Do and review! Take the required action but set your expections and exit strategy from the start, if the asset underperforms have you as a family an agreed loss limit?