A Wealthy Life Vicki Wusche

What if a single decision could set you on the path to financial freedom and early retirement? 
 
Join me for this weeks episode where I discuss the fundamental pillars of success—no excuses, strategic planning, and financial literacy. 
 
Learn how adopting the right mindset and setting clear goals can propel you toward continuous improvement and open new opportunities. 
 
Get ready to explore the nuances between strategy and planning, and how understanding financial concepts can change your life. 
 
I share my own journey illustrating how a no-excuses attitude and clear goals can drive you toward continuous improvement and new opportunities.
 
I also discuss the transformative power of 'towards motivation' and 'away from motivation' and how aligning your thoughts and mindset is key to achieving financial and personal growth. 
 
This episode is packed with valuable lessons that will inspire you to take control of your future.
 
 
--------- EPISODE CHAPTERS ---------
 
(0:00:09) - Building Success
Resilience, goal-setting, and financial literacy are crucial for success in property investment and life achievements.
 
(0:10:05) - Strategic Planning for Financial Success
Strategy, values, and mindset are crucial for achieving financial independence and personal fulfillment.
 
(0:17:15) - Achieving Success Through Strategic Planning
Mindset, strategy, and planning are crucial in investment and entrepreneurship, as seen in interviews with successful individuals.
 
 
 
To watch this episode on YouTube:
https://youtu.be/s0SuFefRJTw




Connect with Vicki:
https://linktr.ee/vickiwusche
 
Visit my website to learn more
https://vickiwusche.com
 
Booking calendar - https://calendly.com/vickiwusche  
 
Access the values manual and other free resources: https://vickiwusche.com/resources/
 
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
 
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
 
https://scorecard.vickiwusche.com/
 
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
 
Browse Books by Vicki: 
Using Other People’s Money: How to invest in property 4th edition  
Make More Money from Property: From investor thinking to a business mindset 2nd Edition  
Property for the Next Generation: Securing your future in uncertain times 2nd Edition  
The New Estate: Insights from the 22nd century  
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  
  
Or read the following Ebooks on VickiWusche.com:  
9 Critical Property Principles  
The De-Job Yourself Manual: Break your reliance on a monthly wage  
The Values Manual: Understand what your values are and how they can be key to a successful business   
The Goal Setting Manual: Create meaningful and practical goals then achieve them

What if managing your property portfolio could save you a fortune? This week on "A Wealthy
Life," I sit down with returning guest Lisa Oliver to discuss the complex decision of self-
managing HMO properties versus outsourcing.
Lisa's journey from managing her own diverse portfolio to overseeing properties for other
investors offers a treasure trove of insights on education, legal knowledge, and the
indispensable support team you need to succeed.
Whether you're after rewards and cost savings or wary of the workload and emergencies,
Lisa shares the ultimate guide to making an informed choice.
Have you ever considered the hidden pitfalls of buying properties with existing tenants? Lisa
discusses the legal entanglements, like improperly filed tenancy deposits and non-compliant
agreements, that can turn your investment dream into a nightmare.
We also discuss the pivotal role competent letting agents play in ensuring compliance and
avoiding future liabilities.
Ignoring landlord responsibilities can spell disaster, from legal fines to deteriorating property
value.
Lisa underscores the importance of treating tenants with respect and the severe
consequences of neglecting regulatory requirements, such as deposit protection and fire
safety.
We also explore strategic spending to maintain property value and how not adjusting rents
can impact your bottom line.
Finally, we delve into crucial advice for avoiding common pitfalls, stressing the importance of
proper education, experienced mentors, and a reliable power team.
Tune in for a wealth of knowledge that can help you navigate the complex world of property
management.
--------- EPISODE CHAPTERS ---------
(0:00:00) - Self-Management vs. Outsourcing Property Management
Nature's pros and cons of self-managing HMO properties, including education, legal
knowledge, communication skills, and mentorship.
(0:10:01) - Risks and Considerations in Property Management
Ensuring compliance with tenancy regulations, vetting letting agents, and maintaining
expertise are crucial when buying a property with existing tenants.
(0:18:40) - Property Management and Landlord Responsibilities
Managing multiple rental properties with letting agents, self-management challenges, reliable
support, and the consequences of neglecting maintenance.
(0:27:50) - Importance of Landlord Compliance and Education
Managing rental properties involves respecting tenants, addressing maintenance issues,
complying with regulations, and staying informed through education.
(0:35:55) - Landlord Profitability and Property Management
Strategic spending, tenant turnovers, and hiring a letting agent are crucial for successful
HMO property management.
(0:44:50) - Avoiding Pitfalls
Nature's pitfalls in property investment: education, mentors, contracts, reliable advice,
conservative numbers, and being prepared to walk away.
To watch this episode on YouTube:
https://youtu.be/WHqsCPRGTbw
Previous episodes with Lisa Oliver:
Episode 120 - https://youtu.be/Lkt09Awn1xM
Episode 115 - https://youtu.be/Rkkx1mHBHp4
Follow Lisa:
LinkedIn - https://www.linkedin.com/in/lisajoliver
Website - https://weareideal.co.uk/
https://smartmoveinvestments.co.uk/
Connect with Vicki:
https://linktr.ee/vickiwusche
Visit my website to learn more
https://vickiwusche.com
Booking calendar - https://calendly.com/vickiwusche
Access the free resources: https://vickiwusche.com/resources/
Has this podcast started you thinking about what A Wealthy Life might look and feel like for
you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire
Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and
episodes of this podcast?
https://scorecard.vickiwusche.com/
The assessment provides you with a personal score and report to help you take back control
of your financial future – something business owners and employees both forget – but for
different reasons

What happens when a seasoned HMO manager decides to conquer the world of commercial property development? 
 
Join us as Cyril Thomas returns, bringing his infectious energy and invaluable insights. 
 
He shares the riveting story of spotting a golden opportunity in an old pub and his relentless journey through tough negotiations with a determined elderly owner. 
 
With a focus on creative thinking and perseverance, Cyril's experience offers key lessons for anyone looking to thrive in property investment.
 
We also look into the ethical complexities of business negotiations, underscoring the power of empathy and transparency. 
 
Cyril explains how understanding the vendor's circumstances can lead to mutually beneficial outcomes, even in the face of daunting challenges. 
 
From dealing with terminally ill vendors to leveraging lease options, we explore the necessity of a diverse knowledge base in property strategies. 
 
The episode wraps up with a practical look at the strategies and risks involved in commercial property investment. 
 
Cyril breaks down the benefits of a lease option strategy, the importance of meticulous documentation, and the invaluable role of mentorship. 
 
We also discuss an intriguing deal involving parking anomalies and ongoing legal battles, highlighting the critical skills needed to navigate complex property transactions. 
 
Don’t miss out on Cyril’s candid advice and the lessons learned from his dynamic entrepreneurial journey.
 
--------- EPISODE CHAPTERS ---------
 
 
(0:00:00) - Creative Thinking in Commercial Development
Entrepreneur Cyril Thomas shares his journey from managing HMOs to commercial development, including his creative deal-making skills and perseverance in property investment.
 
(0:13:24) - Ethical Business Negotiations and Strategies
Understanding and empathising with vendors, transparency, diverse knowledge, and adaptability are crucial in ethical property deals.
 
(0:17:40) - Commercial Property Investment Strategy and Risks
Managing risk and thorough communication are crucial in completing a commercial property deal using a lease option strategy.
 
(0:25:03) - Commercial Property Deal With Parking Anomalies
A commercial real estate deal with title issues and a flying freehold, secured through a lease option and strategic negotiations.
 
(0:36:22) - Property Ownership and Legal Battles
Legal battle over ownership of four flats, complications with property structure, and importance of networking in resolving access issues.
 
(0:50:38) - Importance of Mentorship and Networking
Formal and informal mentoring, building relationships, access to a network, authenticity and trust in business solutions.
 
To watch this episode on YouTube:
https://youtu.be/7dpPZJz5yVQ
 
To watch Cyril’s previous episode on YouTube:
https://youtu.be/AM2kW5vigsI



Follow Cyril on: 
LinkedIn:  https://www.linkedin.com/in/cyrilthomasuk/
Website: https://platinumcrown.co.uk/
https://www.pibuk.org/
 
 
Connect with Vicki:
https://linktr.ee/vickiwusche
 
Visit my website to learn more
https://vickiwusche.com
 
Booking calendar - https://calendly.com/vickiwusche  
 
Access the free resources: https://vickiwusche.com/resources/
 
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
 
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
 
https://scorecard.vickiwusche.com/
 
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
 
Browse Books by Vicki: 
Using Other People’s Money: How to invest in property 4th edition  
Make More Money from Property: F

Welcome to another insightful episode of A Wealthy Life! In today’s episode, "Organic Business Development is part skill and part opportunity," I’m thrilled to introduce you to the higher-level lessons embedded within our next two episodes featuring incredible guests Cyril Thomas and Lisa Oliver.
Join me, as I unpick the strategic business development and meticulous planning that has fuelled their property success. Whether you're captivated by commercial properties or fascinated by houses of multiple occupancy (HMO), this episode promises valuable insights to elevate your understanding far beyond the conventional scope of property investment.
Key Takeaways:
1. Importance of Education
- Discover the significance of quality education in property investment.
2. Legal Requirements
- Understand the complexities of legal requirements in commercial properties and HMO’s.
3. Business Development Strategy
- See how Lisa transitioned her personal investment strategy into a thriving business helping other landlords manage their properties.
4. Communication and Teamwork
- Grasp the importance of clear communication with clients, tenants, and team members.
5. Role of a Mentor and Network
- Learn how mentorship and a robust network can steer you through entrepreneurial challenges.
6. Financial Management
- Gain insights into efficient financial management, mitigating expenses, and optimising cash flow.
7. Expansion and Scalability
- Understand the concept of economies of scale in property management and business relationships.
So grab your favourite drink and sit back. Remember to also tune in for the next episodes
- Episode 124 Commercial Creativity with Cyril Thomas 
- Episode 125 Just Because You Can Does Not Mean you Should With  Lisa Oliver
Don’t miss out! Subscribe and follow our podcast to stay up to date with our latest episodes packed with valuable insights for living A Wealthy Life!
 
 
 
--------- EPISODE CHAPTERS ---------
 
(0:00:01) - Strategies for Property Investment Success
Education, commercial properties, and self-managing HMOs 
 
(0:13:43) - Collective Power in Real Estate Growth
Collective power in real estate, strategic expense management, sourcing skills, mentorship, and integrating professional experiences for business growth.
 
(0:20:02) - Real Estate Growth Strategies
Nature's role in property business success, leveraging skills for diverse opportunities, transitioning from employment to financial independence.
 
To watch this episode on YouTube:
https://youtu.be/fTCHcEu7AAI
 
Previous episodes for Russ Tulloch
Episode 69 - https://youtu.be/FAjeX_4oT98
Episode 76 - https://youtu.be/E5yWId-ufxg



Connect with Vicki:
https://linktr.ee/vickiwusche
 
Visit my website to learn more
https://vickiwusche.com
 
Booking calendar - https://calendly.com/vickiwusche  
 
Access the free resources: https://vickiwusche.com/resources/
 
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
 
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
 
https://scorecard.vickiwusche.com/
 
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
 
Browse Books by Vicki: 
Using Other People’s Money: How to invest in property 4th edition  
Make More Money from Property: From investor thinking to a business mindset 2nd Edition  
Property for the Next Generation: Securing your future in uncertain times 2nd Edition  
The New Estate: Insights from the 22nd century  
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  
  
Or read the following Ebooks on VickiWusche.

Ever wondered how a holiday can teach you to live a richer, more fulfilling life? Join me as I unravel this intriguing metaphor on the Wealthy Life podcast. 
 
Discover how taking a break from your routine can spark creativity, relaxation, and introspection, essential elements for crafting a balanced and prosperous life. 
 
I discuss the strategies behind effective holiday planning, such as leveraging recommendations and conducting thorough research, and explore how these methods can be applied to your life and business decisions. 
 
In the second half of the episode, I' share personal stories about my excitement for upcoming travels to Istanbul and destinations with an "M" theme, illustrating how a positive attitude can open doors to greater enjoyment and opportunities. 
 
I also cover practical tips on financial preparation, like optimising credit card points for travel, and delve into the essence of mindfulness inspired by "The Celestine Prophecy." 
 
Through gratitude exercises, meditation, and proactive planning, learn how to focus on what truly matters and seize valuable opportunities to enrich your life. 
 
Tune in and please like and subscribe
 
 
--------- EPISODE CHAPTERS ---------
 
(0:00:01) - The Metaphor of a Wealthy Life
Holidays serve as a metaphor for a wealthy life, providing rest, creativity, and a chance to plan for achieving goals.
 
(0:10:16) - Reflections on Holiday Planning and Life
A positive mindset impacts holiday experiences and planning, including gratitude, financial preparation, and using credit cards for future travel.
 
(0:21:59) - Opportunities and Mindfulness in Life
Mindful planning and awareness in finances, mindset, and goal setting, inspired by "The Celestine Prophecy" and utilising gratitude, meditation, and proactive planning.
 
 
To watch this episode on YouTube:
https://youtu.be/StschE5AZv8





Connect with Vicki:
https://linktr.ee/vickiwusche
 
Visit my website to learn more
https://vickiwusche.com
 
Booking calendar - https://calendly.com/vickiwusche  
 
Access the free resources: https://vickiwusche.com/resources/
 
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
 
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
 
https://scorecard.vickiwusche.com/
 
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
 
Browse Books by Vicki: 
Using Other People’s Money: How to invest in property 4th edition  
Make More Money from Property: From investor thinking to a business mindset 2nd Edition  
Property for the Next Generation: Securing your future in uncertain times 2nd Edition  
The New Estate: Insights from the 22nd century  
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style  
  
Or read the following Ebooks on VickiWusche.com:  
9 Critical Property Principles  
The De-Job Yourself Manual: Break your reliance on a monthly wage  
The Values Manual: Understand what your values are and how they can be key to a successful business   
The Goal Setting Manual: Create meaningful and practical goals then achieve them
 

Ever wondered what happens when a property venture goes hilariously wrong? Join me, for this episode as I bring back Craig Hopkins, our seasoned property accountant, for an episode filled with property investment horror stories you won't believe. 
 
We discuss the importance of thorough market analysis while sharing some of the most bizarre and unexpected discoveries from property inspections.
 
You'll laugh out loud as Craig shares the tale of a house with non-opening windows and the unforgettable meeting with a man in his underpants. 
 
These anecdotes underline the unpredictable nature of property investment and stress the importance of noticing even the smallest details during inspections. 
 
We also navigate through the complexities of buying properties at auction, emphasising the need for physical inspections and the strategic use of local letting agents for distant buys. Craig’s stories about auction surprises will keep you on the edge of your seat.
 
But it's not all fun and games; we tackle serious pitfalls in property management as well. 
 
Craig shares a cautionary tale of a client who breached mortgage terms by moving into a buy-to-let property, highlighting the potential legal and financial repercussions of such uninformed decisions. 
 
The episode underscores the necessity of consulting professionals and building supportive relationships with your team to ensure long-term success. 
 
Whether you're a seasoned investor or just starting out, this episode is packed with invaluable lessons and humour that will leave you both wiser and entertained.
 
 
--------- EPISODE HIGHLIGHTS ---------
 
(0:00:00) - Property Investment Horror Stories
Nature's lessons in property investment: pitfalls, horror stories, and the importance of market research and strategic decision-making.
 
(0:07:58) - Investment Property Pitfalls and Surprises
Humorous and shocking experiences of buying and inspecting properties, paying attention to details, quirky features, and unpredictable nature of property investment.
 
(0:20:02) - Property Auction Strategies and Unseen Properties
Nature's surprises and the importance of inspecting auction properties, obtaining EPC certificates, and using local agents for distant investments.
 
(0:24:23) - Property Investment Tips and Pitfalls
Mastering property investment through auctions, due diligence, and persistence, while balancing ambition and practicality.
 
(0:36:39) - Navigating Property and Business Management
Consult professionals, communicate proactively, build relationships, upgrade services for successful property management.
 
 
To watch this episode on YouTube:
https://youtu.be/a8NUH7cCzUw



Follow Craig on: 
Website: https://propertyaccounts.co.uk/
 
Property Investors Bureau - https://pibuk.org/
 
Connect with Vicki:
https://linktr.ee/vickiwusche
 
Visit my website to learn more
https://vickiwusche.com
 
Booking calendar - https://calendly.com/vickiwusche  
 
Access the free resources: https://vickiwusche.com/resources/
 
Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
 
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
 
https://scorecard.vickiwusche.com/
 
The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.
 
Browse Books by Vicki: 
Using Other People’s Money: How to invest in property 4th edition  
Make More Money from Property: From investor thinking to a business mindset 2nd Edition  
Property for the Next Generation: Securing your future in uncertain times 2nd Edition  
The New Estate: Insights from the 22nd century  
The