How to build wealth like the 1% (on a normal income) cover art

How to build wealth like the 1% (on a normal income)

How to build wealth like the 1% (on a normal income)

Listen for free

View show details

About this listen

 If you’ve ever wondered what’s actually going on behind the scenes of the 1%, beyond the headlines, Instagram posts, and glossy business profiles, this episode pulls back the curtain. Because beneath the public image of wealth is usually a highly deliberate money strategy. And it doesn’t have to be exclusive to the ultra-rich. In this episode of Making Cents, Frances Cook speaks with Andrew Clements, a private wealth and succession lawyer who works with some of New Zealand’s wealthiest families. Andrew spends his days helping high-net-worth and ultra-high-net-worth clients build wealth, protect it, and stop it being blown up by one bad decision, whether that’s an investment mistake, poor structure, or family conflict. What he’s learned may surprise you. We talk about: How wealthy families think in decades, not years Why protecting money often matters more than chasing returns The “guardrails” the wealthy put around their money, and their families Why the rich often sell when others are rushing in The risks that don’t show up on balance sheets, including family and succession risk How downturns are treated as opportunity, not panic And which wealth strategies are realistic for everyday NZers to copy Follow me everywhere! Facebook / https://www.facebook.com/FrancesCookNZ Instagram / https://www.instagram.com/francescooknz TikTok / https://www.tiktok.com/@francescooknz Join the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribe This podcast was filmed & produced by Fanaticals Video editing & content production by Lana Byrne Audio engineering by Tash Chittock #MakingCents #FrancesCook #GenerationalWealth #WealthBuilding #WealthManagement #FinancialLiteracy #SuccessionPlanning #ImpactInvesting #FinancialAdviser #PrivateWealth #HighNetWorth #NZBusinessOwners Chapters 00:00:00 Introduction 00:02:13 Meet Andrew Clements: private wealth and succession lawyer 00:03:39 Money talks, but wealth whispers 00:04:25 Values over dollars: what wealthy families actually prioritize 00:08:19 The long game: how the wealthy build and protect assets 00:09:44 The Lithuanian entrepreneur who didn't get greedy 00:12:38 Investing in yourself: the best investment you can make 00:18:43 Philosophy breeds methodology: finding advisors who understand you 00:22:12 How the wealthy invest differently: shares over property 00:27:24 Impact investing: making money and making a difference 00:29:22 Family risk: how inheritance can become poison 00:33:16 Beating the three-generation curse 00:37:20 The hundred dollar note on the dinner table 00:42:13 Can average people become wealthy? Yes, here's how 00:44:39 Outro
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.