Let’s celebrate five wonderful and aspiring Young TPV Apprentices this week shall we?
George, Matt, Jade, Ryan and Joe have been on through a whirlwind 30-day programme to develop a custom-designed route plan. The result is not just a property plan but a design for life.
Their shares have genuinely inspired me...and I hope you too. Perhaps we can support them a little further in their quest...tune in to find out how.
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Transcription of the show
Let’s celebrate five wonderful and aspiring Young TPV Apprentices this week shall we?
George, Matt, Jade, Ryan and Joe have been on through a whirlwind 30-day programme to develop a custom-designed route plan. The result is not just a property plan but a design for life.
Their shares have genuinely inspired me...and I hope you too. Perhaps we can support them a little further in their quest...tune in to find out how.
Property Chatter
Welcome to the property voice podcast, helping you to navigate safely through the world of property investing, get the lowdown and updates, insights and outcomes on all matters property with a splash of entertainment along the way, the property voice, a voice to trust among the crowd. Now, let's get started with your host, Richard Brown.
Hello, and welcome to another episode of the property voice podcast. My name is Richard Brown. And as always, it's a pleasure to have you join me again on the show today. Well, last week, I kind of had this last minute, you know, idea about sharing what was on my mind literally about mindset. And of course, I bumped the idea of sharing an episode on due diligence with you in the process. And I thought, well, obviously, I should talk about due diligence this way, shouldn't I? But no, I actually realized that we we had the combination in the young apprentice program, the pilot that I ran in the month of October, and we wrap that up toward, you know, literally the end of October, and we did a little bit of a share with the young apprentices. And I thought, Well, yeah, that's what I need to share, actually. So this is all about them. It's not about us. And I must admit, I'm pretty inspired when I just listen to these young people who talked about their dreams and their aspirations, their plans and their goals and how they're going to go about things. And I don't know, yeah, I think you probably might have heard them speak at the beginning of the program. And, you know, I'd sort of prep them a little bit, we'd had a kind of a one to one before they shared the first time around. So they'd already do down the track a little bit by the time they shared that. But when you hit them now, as I'm about to cue them in, I think you'll you'll realize the growth that they've had the realization that they've had about, you know, their plans, and that they can actually achieve their hopes and their dreams going forward. And it just kind of gives me a buzz really, it really lifts my spirits. The the original request here for the program that we're the these apprentices, young people need to be aged between 18 and 25 years old. And of course, we had George who kick is going to kick us off, he's 17 years old. And admittedly, he's got fantastic aspirations and objectives for the future, and he probably needs to learn a bit more not been, you know, unconscious, you know, needs to go through it like we all do. And but there's some just some amazing shares that the young group here have got to share with you. So I'll shut up now. I'll cue them in there, we're gonna hear from George Matt Jade, Ryan and Joe in a second. And I'll come back and do a little bit of a wrap up. And just before I do just want to put you on notice that there's, there's an opportunity for them to continue their journey in a mastermind group, we're thinking about creating something dedicated for them. But actually, what I think would be the best thing is if we can keep them close to our existing mastermind group. And the reason for telling you that is that there might be an opportunity for you to support, you know, one or more of them in that process. So stay tuned. And I'll come back and tell you more about that in a minute. So we've reached the end of the young apprentice program, it's been 30 days, more or less, it's just just been under 30 days, we just had our final call, we've overrun as usual, because it's me. But we've got we've got five young people here who, let's see what they have to say about what they've been through over these last this last month. So in their, in their own words, they're just going to do a quick summary. We'll just go around the table, so to speak, and we'll start with George. So George, want to kick us off.
Alright, so my Sunday goal is quite ambitious. And that's to hit a net worth of 1 million pounds. And at the start of this, I didn't really know how I was going to reach that I just had the ambition of reaching that. So that's what really helped me today. It's really successful strategy, which has given me confidence in me now. So my one year goal is to raise finance game on Asian industry and kind of get rid of my bad habits such as spending more money than I should. I also was looking to deal sourcing my one year goal or three sets of a business and that and then my Sunday goal as well as that is to have a couple business ventures. So I'd like to further that deal sourcing business and also a few other investments. And my strategy is to do flips and then do have value added renovate rental, and keep doing that. That way I can keep my cash flow good. And I can go at quite a fast pace, as because as my goal is quite ambitious, I need to reach it and by having a lot of new houses each month Each year sorry. And I found this really most facing as there's a lot of like minded people in the course how best my knowledge and see other people's point of view, especially with my wealth, I'm quite different to a lot of people and seeing people's use such stupidity, really, to understand the business a lot more, and how I can be successful in it. My buddy was call, and he's helped me understand about the dual sourcing, and how that can be very profitable. And how a lot of people use it, and there is actually a good market for it. So definitely gonna look into more of that, and try some business in that. And this program will put as giving me knowledge, and also fundamentally the skills to start my ventures as start my climb on the property ladder. And also increase my chances of success rather than it being quiet respect before, as also gives me confidence in the future, and really given me something to work for. I really appreciate. Um, and I've always been a really good experience, and really enjoyable. And I thank Richard for.
Well, thank you, George. I mean, I'm actually bowled over with everything that you've, you've mentioned there. And just just quickly, how old are you, again, 1717 years old. And so it is amazing to hear you talk that way. And I think probably the biggest thing that I've taken away just watching you is you probably came in with a vision or a dream or a, you know, big goal, but didn't really have a plan. And you know, that was one of the first things you said is, you know, kind of now you've seen a practical way to maybe realize your vision. And so that gives me tremendous, you know, encouragement, along with the things that you talked about with the belief and the some of the tactical support, you know, what you've picked up along the way and networking and working with other people. So just, you know, wish you all the best. Thanks a lot for participating, being active member of this group. And looking forward to that big goal being realized, in the not too distant future. Welcome. So that's George. And next up we've got Matt.
Yeah, thank you, Richard. So I'll go through my, my goals right now. So my, my high level goal, my Sunday goal is, is quite fluid, but really is to be financially secure, right. So I've have multiple streams of income, which can support my homeownership in the UK, around ban the London area, and free me from worrying about certain discretionary purchases. And so if we put a monetary figure on that, it would be to have a net annual income of 100,000 pounds in 10 years time. So if we say by 2031. And what I'd like to do in the coming year, is to actually purchase and refurbish my own home. And the reason for doing that is one because I need somewhere to live. And to because it's also going to be able to give me valuable experiences, sourcing property, securing finance, project management, completing a renovation, etc, that will set me up for long term success in property. So I really see my one year goal has been the foundations and the building blocks of my property journey. So my my strategy moving forward will be to augment my income through properties. So I'm not looking in the short term, at least to completely get out of my full time job, and to use property as my my sole income. So I would be initially trading property as a source of building up an investment fund, and then looking to going to buy to let's or the IRS as a way of getting some supplemental income alongside my, my nine to five, let's say. So that's from a strategy perspective, I think if we look at how I've had how I felt throughout the program, and what I've learned, I think, looking back one key aha moment was really right at the beginning of the program, where I was having a conversation with Richard over WhatsApp, and I was talking about a potential property that I wanted to buy. And he opened up loads of these other doors, metaphorical doors, which allowed me to look inside and think about property from a different perspective. So looking at it as an investment, rather than just a somewhere to live. And that kind of has shaped my whole mindset moving forward. About how you See as an asset class and how we can add value, how we can monetize property, instead of just seeing it as somewhere to live. And that has been one of my main aha moments, I would say, alongside going through some ups and downs of putting in putting in bids into properties, which I later found out weren't completely suitable. And realizing that I, I kind of got run away with my emotions. So also learning how to control those from an investment perspective has been really important as well.
Thanks, man, I was thinking back to that first exchange, actually, and, you know, probably who, you know, if you end up sharing your home at some point with somebody, they might not thank me for what I said, you know, which is, you know, looking at looking at a property as an investment or as an asset class, or how to monetize it. But, you know, I kind of tend to do that my wife sometimes, you know, tells me to pipe down if I'm thinking about it too much. So but I think, you know, when you're young and you're single, and you starting out, it has some great advantages to looking at your home as an asset. So I'm gonna open those doors, and thanks for, you know, engaging with me and going for that process. It's been, it's been wonderful to hear some of the progress that you've made, as we've gone over this very short journey together. But thanks, man, I really appreciate it. Thank you.
You're welcome. And Jade, we have Europe next.
Yeah, hi. So Oh, my gosh, and China, we've come so fast. It's like the first, the first meeting together. But yeah, I think my Sunday goal is to have property as one of my sources of income, and it's gonna allow me to kind of leave not have a full time job and just have some financial freedom. And my one year goal is to do a flip using bridging finance. And I've learned a lot over the course about borrower experience, and how to utilize my previous experience my benefit, and how to raise finance through investors and things like that, which has been really, really useful. And we've talked a lot about key performance indicators, and what we consider to be what we're looking for in terms of success, like how do we define that. And we're talking about return on investments about 10 to 15%, are looking to do like two projects a year, it was also really useful to just kind of see where we want to get, and what we need to do specifically in order to get there and even putting, you know, we get gave it Richard was able to give me examples on that how many I would want to do if I done a similar product, what in the past what how many exactly i need to do a year. So that's been really, really useful. And I've seen areas that I need to work on, like deal sourcing and networking, and, and help like trying to find a trades person that's efficient and trustworthy, and how that how important that can be. I think it's been really important and very useful in this course, as well to kind of understand my personality, and how, maybe my introverted nervous and can mean I need to work on certain areas, or how I can interact with other people in certain ways to kind of benefit me and have the best kind of conversation I can with people that might have different personalities to my own. Um, yeah, and then so I've actually found this, the one of the greatest things about doing this mastermind course has been, of course, speak with Richard and getting all his experience and just kind of picking his brain about what he's done. And obviously, just gaining those of invaluable knowledge and experience from him. But also speaking to the other people on the course, I think it's important when you're going through something like this, to find people that have maybe starting off at the same time as you're someone that's on, you know, similar experiences to you and kind of knowing that you're not doing it alone, and kind of sharing this with someone that makes it less scary, I feel anyway, the to think that you're kind of in a sense, doing it together, and you can all kind of go to each other for advice. So that's something that's been really, really useful. And, um, yeah, this program has definitely given me the confidence to go forward. I think before, it's kind of like you don't know where to begin and you have a goal, we know how you're gonna get there. And this has kind of been slowing down and getting advice from someone with experience on how exactly going to do that. Sometimes that's really new in if you're kind of getting running away with your ideas of what you want, and sometimes also pushing you to if you need to think bigger and dream bigger and how you're going to do it. And yeah, it's been an invaluable experience. And I'm really excited to put it into use and it's definitely changed my life for sure.
Oh, well, thanks, Joe. This is wonderful to hear that. I remember one of our first conversations and I think I was saying something along the lines of you just need to believe in yourself because you already have so much going for you. You had that experience. You weren't borrowing it actually, you had it yourself. You know, so yeah, it's, it's that confidence in that belief that I can see in you that started to really change. But you can, we can tell ourselves, we're confident and we believe in ourselves. But actually, it's one of the foundations, one of the building blocks, what are the what is that plan, and when it all comes together, then you can rely on that and be confident, as well as your own, you know, skill set experience capabilities, for example. So it's been a pleasure working with you. And it's good to hear the feedback that you've just given. And I wish you all the best, obviously, for your future. Thank you. You're welcome, Jade. And he's not he's not last this time. But Ryan is he's up next. Yeah, so my name is Ryan. as Richard said, I have an Instagram account where I've been documenting my journey, amongst other things on at making money simple. In terms of the property journey, my Sunday goal is very similar to the last podcast recording that we did, which is essentially to have my income, or my investments generate enough passive income, both property investments and stock market investments, to essentially be able to stop working my nine to five job one day, and be able to live a life of time and financial freedom with the one year ago, in a nutshell being to get on the property ladder, which essentially links into the strategy that I'm going to follow. So the plan is to use my first time buyer benefit or perk of only needing a 10% deposit to buy a property a bit further outside of London, a slightly rundown property, I'm planning to do a refurb. And then essentially, managing that project from a distance and hopefully, being able to rent that property out to start the passive income. In terms of a hat or breakthrough moments, there's been quite a few, the most important one probably is realizing I actually can get on the property ladder now and thought the property journey, whereas a month ago, I thought it'd be years away. And I'd just be working and saving. The second one, which links to my strategy is that I can actually recycle most of my cash, which I didn't realize before, so using Richard's deal analyzer spreadsheet, and running through that with him, I now know, I can essentially do a project, do it be our our project and then get onto my second property. Whereas as I said, 30 days ago, I didn't think of a property for a number of years. In terms of the course Yeah, it's been really good. I've learned a lot about property and gained a lot of invaluable experience, as offers have said, but I think the most important thing about the course for me, has been that I've been consistently working on my property business plan, and researching property, and speaking to Richard, as well as Martin, David and Sue weekly to essentially keep pushing me along my property journey, rather than just be instilled, which I had been doing for so many months. And, and yeah, the main thing, the best thing probably from Richard was that I've actually now got my strategy locked down, which is good. So I know now and now know how to progress and work towards my one year goal. And, and then going forward, as I mentioned, the next plan is to get on the property ladder, and then start the Empire from there. You got to go.
Ryan, brilliant, thanks for that. And you know, it's funny, what you what you put in is what you get out, what you give is what you get. And so you know you for example have been very very consistent in terms of I won't say badgering me, but you know, in terms of sending me voice notes sending me WhatsApp, you know, sending me stuff just Yeah, I've had a lot of thinking about this, what do you think? And that's absolutely great, you've made the most of it. And you know, that's that's obviously helps prepare you and get crystal clear on it. So I think
I give all the help obviously,
it's okay no problem but equally and and all credit back to you. And we're gonna maybe talk about you know, content shortly, but you've also helped teach me and I think it's you know, we're all we can all learn off one another all of us and so for example, with your Instagram page, I've noticed how you go about that and the quality of your shares, the number of your follow followers, etc. So what was it again, I forgot what it was called,
making money simple, making money for the plug.
So making money simple on Instagram, check it out, because I've literally had people who are a little bit long in the tooth, but you know, experienced investors who said, I looked at Ryan's page, I downloaded his ebook and he's talking a lot of sense so you know, that was quite a compliment. So we can all give and take we all we can, you know, learn from one another and you can pay it forward. As I'm sure you are doing so I just want to say thanks for everything Ryan and wish you all the best obviously with your future.
Cheers, which is
of course next up of course we have john. Right. Okay.
So,
over the past few weeks, I've been looking at my my goals, my plan. I'm going to do next, I've always had a kind of idea of what it is that I want to do. But it's never been that down on paper. And it's never had specific steps on how to actually get there. And so in the next five years, I think I would like to be out of my current job and going full time into property. In the next year, I plan to buy my first project, which will probably be to renovate and then sell it. And then next one, after that, we buy renovate refinance, I can keep hold of that, to start getting a bit of rental income. And over time, I'm going to probably continue using this strategy interchanging between buy, renovate, refinance and flips. Yeah, doing larger and larger projects over time, and hopefully using investor funds to help me scale a little bit faster. During this course, I think one of the main things for me that one of the main things I learned about was the getting to understand yourself and other people, and how you can better communicate with people who might have a little bit of a different personality to you. And I really feel like in my communication, in my full time job, it's actually affected me a lot. It's been really positive. And but overall, this the past few weeks, it's been really, really beneficial. And I felt like actually getting my goals down on paper, breaking it down into manageable little tasks been really, really helpful. And I honestly think that going forward, it's going to change my, my perspective on on all of this.
Cool, thanks, Joe, I really appreciate your share and your you know, humility and sharing of what you've picked up along the way. But equally, I talked with Ryan, how he you know, we all we can all learn from one another that gave you a spreadsheet to help you model out your future plans with some real numbers. And then you dismantled it, rebuilt it, expanded it and gave it back to me as a bigger, better shiny version. So that was a that was quite a revelation for me, actually, to see how you've got that four different strategies merged into one, spreadsheet, two different timelines. So that was a that was amazing. So you're talking about personality, I will go ahead. So
Well, I've tried to make a model similar to that kind of thing before but never really been able to know exactly what information i thought was most important to have on there. But actually having your model to work off and, and change it, rather than make something from scratch, it is really helpful.
Now, you'll get used to working with spreadsheets, I'm sure you'll have a lot of fun with that, going forward. But he interestingly, when we're talking about you, you're talking about this sort of softer side and the wealth dynamics profile, we've all got relative strengths and weaknesses. And that brings me me to talk about all of you. So you're, you're all unique individuals, but you can complement each other, you can, you know, support one another. And I hope you carry on to do that. So I've thrown you together in this hodgepodge group, you've got to know each other a little bit over the last 30 days, you know, the opportunities there for you to carry on working together to support one another on your respective journeys, none of you have got an identical plan. But, you know, you started in a similar place at a similar time. And hopefully you can, you know, keep that sort of thing going. So it's been a pleasure to work with your called you earlier, my lab rats may be a bit of an unkind term. But, you know, basically, this is the first time I've run the young apprentice program. So thanks for putting up with with me, as I've been finding my way through this program as well. And I just want to wish you every success for the future.
Well, there you go. I don't know about you, but you know, I've got a bit of a warm glow. When I listened to that back. I listened to it back just now to take a couple of notes. And yes, had this sort of warm, fuzzy feeling really as I'm listening to, to the five of them there share some of their experiences, not not just because of the program, but actually where they see themselves going in the future. And and probably some revelations that they had some realizations, some belief and confidence. There were some common threads. Confidence was one that came up a couple of times, and having a clear plan that is written down and then is broken down into more achievable steps, you know, came out a couple of times, you might have noticed some differences. Some people wanted to maybe go full time in property, some people wanting to supplement their existing day job income if you like some people wanted multiple businesses or income streams. So there was some variety in that context. But I think you know, there was an awful lot of common ground as well. I think having the plan and Having a sense of direction having having a group of people they could lean upon getting to know themselves a bit better as well, there is a part of the process, which helped them to get to know themselves. We talked about Sue, and some of the soft skills that came out of that as well. But also, we got some of the harder measures like the strategy they're going to follow, raising funds, how to manage projects, some of that stuff as well. And this is all in the space of 30 days. And you know, it wasn't full time. So we had three calls, and we had a number of one to ones and, and some some, we set up some accountability buddies. So each of the apprentices had somebody they could go to and ask questions, and pretty intense process. As I mentioned, it's a very first time I've done this, so I hope they enjoyed it. They certainly said they did. Let's see if they really did. But I certainly did. You know, it's great. I felt I find it inspiring to work with young people, and just to see their hopes being realized. So that's that. So I did tell you didn't I sort of whetted your appetite a bit just before we shared that clip, but there's a there's a way in which maybe the apprentices, these young apprentices can go forward. Now they're all young people, and they've all got, you know, either limits around their earnings or they've got, they're furiously saving to try and get a first time. First time house owner deposit together. Some of them are still in full time education, or in between jobs. So money's not flush if you like. But what I do feel about it, I feel strongly that we should have them in the community. Together, we've got a mastermind group of proclamations here more than once, sorry about that. But we have a mastermind group where a lot of the people who've got been through the sort of the grown ups version of the apprentice program, kind of graduated into the mastermind group. And, and that's where they sit and we just have some we have group calls, we have some special interest groups, we have guest speakers. Yeah, there's, there's a bunch of stuff that goes on in the mastermind community. And it'd be really great if we could keep these young apprentices close. But with one eye on the funding side of it, what I've actually asked them is whether they'd like to pitch for some additional investment, to support them with the cost the mastermind program, not forever, but maybe just that first year to give them a bit of a kickstart. And so I'm not gonna make too much of a big deal about it. Myself and other members of our existing mastermind, probably going to listen and pitch in if we possibly can, depending on the quality of the pitches across. So it's a bit of a Dragon's Den type of setup we're putting them through, but maybe if that's something that you know, is just caught your attention in some way. And maybe you'd like to support, you know, a little bit some of these young people on their next step of the journey. Hopefully, what we're imparting into them is good stuff. And you know, we'll keep them safe in an environment, which isn't always, you know, safe. And I'm not talking about personal safety and financial safety, more than anything. So if that's if that's just you in some way, by all means, just just connect, I'm not going to talk too much about it. We're going to ask them to make some kind of contribution themselves anyway, so that they've got some skin in the game, so to speak, won't be completely gratis scenario. But if they've inspired you, perhaps in the way that they've inspired me and some of the other members of the community, and you want to support them, perhaps on the next stage, just reach out, we'll we'll talk about how that can be. Literally, it's just a matter of days, though. So don't delay. It could make the difference between some of these people going on to join this mastermind group, or otherwise. So there we go. It's all about them this this week. So yeah, not another week of no due diligence. I'm not even sure I'm going to come back to due diligence. It's probably not inspiring me. But it's probably very, very essential that I share it with you. So maybe I will maybe I won't, I'm waiting to hear from someone to say yes, please, Richard, share the episode on due diligence. But so far, nobody's actually written in said that. So might be might be a bit of a sign, it might be better. So. So it's all about the young apprentices today. Hopefully, that's been enjoyable to stay, you know, see, if you like the transformation in them in a short period of time, I'm probably looking to maybe do a similar process. Not that often, maybe once a year, probably. In a similar vein, I'm sure it can be improved. I can take some feedback from the apprentices but they didn't seem to enjoy it. So maybe once a year, we can bring in the young apprentices and other programming and see how that goes. But it's all about them today. Hopefully, that's been interesting just to share their insights, and see where they're going. And you know, it can give you also something to latch on to content. Wherever you are in your journey. You don't have to be a young person, you can be young at heart or young in your property journey to be able to benefit too. And even if you're more advanced, in terms of age or in terms of experience, well, there's a way in which you can get involved, perhaps and support some young people getting involved in in this part of the community. So we can maybe help someone else along the way is a key point. But there you go, and the show notes to This week's episode will be over the website, the property voice dotnet as they usually are, I'm experimenting with different transcription services at the moment. So let's see how that's working out. But you can read as well as Listen, if you go to the website. And of course, if you want to talk about anything from today's show, including maybe sponsorship for one or more of the young apprentices, you can always email me podcasts at the property voice dotnet. Still about that or indeed anything to do with property. I'd be delighted to hear from you. But I guess that's all there is this week. And until next time on the property boys podcast
is Chad.
Thank you for listening today. Now head over to the property voice dotnet. For more inspirational content and get updates through our mailing list. Join us next time on the property voice podcast and if you enjoyed the show, please don't forget to rate us on iTunes.
Transcribed by https://otter.ai
That's all from me this week, remember if you want to talk about anything from today’s show, or just talk property investing more generally, email me at podcast@thepropertyvoice.net, I would be happy to hear from you! The show notes can be found at our website www.thepropertyvoice.net
Thanks very much for listening again this week, so all that left to say is ciao ciao!