Wealth Made Simple Podcast – Details, episodes & analysis

Podcast details

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Wealth Made Simple Podcast

Shaz Nawaz

Business

Education

Frequency: 1 episode/4d. Total Eps: 342

This podcast is all about Business, Property and Tax. I’ll share my knowledge, experience and expertise of running five businesses at the same time. I’ll share my experience of building a multi-million-pound property portfolio. Best of all, as a chartered accountant, I’ll share tax-saving tips, tools and techniques to help you save tax.

The aim of this podcast is to help you grow your turnover, improve your margins and drastically increase your profits. All of this will help you build a better business which has a much higher exit value. It will also enable you to create more wealth, more time and more opportunities.

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Apple Podcasts

🇬🇧 Great Britain - investing
27/11/2024
#95

Spotify

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https://www.linkedin.com/in/shaznawaz/
369 shares
https://uk.linkedin.com/in/iain-forsythe-dl-54a06777
1 share

https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true
368 shares

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RSS feed quality

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Score global : 63%

Publication history

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Latest published episodes

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Top Traits & Habits of Wealthy People

Episode 342

Tuesday, February 27, 2024 • Duration 50:48

Shaz delves into the top traits and habits of successful and wealthy individuals. With a motivational and informative tone, Shaz emphasises the significance of mindset, habits, and personal responsibility in achieving financial success. Drawing from his own experiences and expertise, he highlights the importance of focus, goal-setting, and continuous learning. Through practical examples and relatable anecdotes, Shaz guides listeners on the path to financial prosperity, encouraging them to adopt a positive mindset and take proactive steps towards building wealth.

KEY TAKEAWAYS

Successful individuals prioritise important tasks and maintain a laser focus on their goals, avoiding overwhelm and delegation of less critical tasks.
Careful investment choices with a focus on high returns, emphasising the importance of setting clear goals for investment returns.
Successful people not only practice positive habits themselves but also teach them to others, emphasising the value of leading by example.
Taking ownership of one's actions and outcomes, recognising the role of personal responsibility in achieving success.

BEST MOMENTS

"90% of success is about mindset and habits, and 10% is about implementation of your goals and activities."

"Successful people understand they can't do everything. They need to prioritise the important things."

"Living below your means is crucial. Delayed gratification is key to building wealth."

"Reading daily opens your mind and changes your perspective. Books are your best friend."

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/

https://www.instagram.com/parkwardlabour/ https://www.youtube.com/channel/UCJCDESxIqYjhiIBxJ90nKwQ?disable_polymer=true

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

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The Art and Importance Of Storytelling

Episode 341

Tuesday, February 13, 2024 • Duration 50:04

Shaz explores the art and importance of storytelling in building wealth, by discussing how storytelling is ingrained in our everyday lives, from childhood anecdotes to embellishing or minimising our own experiences.

The team delve into the seven overarching plots that form the basis of all stories and highlight the power of storytelling in connecting with an audience. They emphasise the need to craft stories that resonate with the audience, evoke emotions, and make a lasting impact. The episode concludes with insights on how to apply storytelling techniques in sales, marketing, and wealth generation, emphasising the importance of understanding the audience, creating a hook, and making the story relevant.

KEY TAKEAWAYS

Understand your audience: When crafting a story, it is important to know who you are telling the story to. Tailor your story to connect with your specific audience.
Create a hook: Grab your audience's attention by creating a compelling hook. Make it relevant and emotionally engaging to draw them in.
Make it personal and relatable: Share your own story and experiences to connect with your audience on a deeper level. Show them that you understand their struggles and can guide them towards a solution.
Build a community: Foster a sense of belonging and togetherness by creating a community around your story. Encourage collaboration and support among your audience members.
Start small and build up: When selling or marketing, meet people where they are and start with smaller, achievable goals. Gradually build up their confidence and trust in your ability to help them achieve bigger results.

BEST MOMENTS

"Facts tell, stories sell."

"There are seven stories. There are only seven stories."

"Your net worth is your net worth"

"You can't get a new result with the same old thinking."

"If you can't explain it to a five-year-old, then you don't know it well enough to explain it."

A Deep Dive into Due Diligence

Episode 332

Tuesday, November 21, 2023 • Duration 47:34

Shaz takes a deep delve into the topic of due diligence and its importance in making informed decisions in business, property, and investments. He breaks down the process of conducting due diligence, starting with market analysis and understanding the target audience and industry trends. He also stresses the need to define objectives, assess business conditions, consider legal and tax obligations, and evaluate financial aspects.

KEY TAKEAWAYS

Due diligence is a crucial step in any business or investment, involving thorough research and analysis to gain a comprehensive understanding of the venture.
Market analysis is an important component of due diligence, which includes assessing factors such as target audience, industry trends, and competition.
It is essential to define your objectives and goals for the investment or business, as well as identify your target market and understand their needs and preferences.
Legal considerations, including ownership, contractual agreements, and tax obligations, should be thoroughly examined during the due diligence process.

BEST MOMENTS

"When you're doing your due diligence...you don't have complete and full clarity on absolutely every working aspect of it."

"The more successful people are, the more likely they are to talk to you about things that interest you."

"Success leaves clues. We all do the same sort of things."

"Ignorance is not an excuse, especially when it comes to something that costs you money or something that is going to make you money."

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

https://www.facebook.com/shaznawaz11

https://www.linkedin.com/in/shaznawaz/

SDLT and Limited Companies

Episode 242

Thursday, November 3, 2022 • Duration 20:27

If you are buying a property then SDLT is important and in this episode Shaz shares an overview and key points about stamp duty land tax and answers questions about purchasing through a limited company and shares some of the benefits of buying property in this way along with valuable information about tax and limited companies

KEY TAKEAWAYS

If you are buying six or more units you can choose whether to pay residential or non-residential rates
You can claim multiple dwellings relief if you are buying 2 or more properties
If you are buying property through probate there are ways to reduce SDLT
SDLT is vast and complicated so speak to a tax specialist
If a property is uninhabitable when you are purchasing there are ways to reduce SDLT
Purchasing through a limited company limits your liability
If you have property in your own name at the end of the year you will pay tax depending on the profit you have made
With a limited company you pay 19%, and you can control how much you take out each year

BEST MOMENTS

‘Multiple dwellings relief is a very good relief that will reduce your Stamp Duty Land Tax’

‘A limited company gives you a level of control’

‘If you’re paying your children it has to be at a commercial rate’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

SSAS Explained

Episode 241

Tuesday, November 1, 2022 • Duration 14:50

Shaz shares an overview of the benefits of having a SSAS and works through live examples from members of the audience
If you want control of your funds and the opportunity to grow a SSAS to a point where you can effectively use it then this episode has great content about the key positives of setting up a SSAS

KEY TAKEAWAYS

A Small self-administered pension scheme (SSAS) is a trust where you control the funds
With a SSAS you control what happens to your funds
Every year you can pay up to forty thousand pounds into your pension
You can transfer funds from your SIP to your SASS
A SSAS requires a sponsoring company
Lend up to 50% back to your company, with security, charging interest
Buying commercial property through a SSAS means there is no tax on the rental
The lifetime limit on a SSAS is a million plus
When the interest goes into the SSAS there is no tax for the SSAS

BEST MOMENTS
‘50% can be lent back to the sponsoring company’
‘It can quickly build up to having a sizable SSAS’
‘It gets to a stage where he can be his own bank’

VALUABLE RESOURCES
shaz@aaa-accountants.co.uk

ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Facebook

Overseas Money and Joint Ventures

Episode 240

Thursday, October 27, 2022 • Duration 08:30

Shaz looks at how overseas money can be used to fund property investments in the UK and the importance of knowing the investor and having a relationship with them

This episode is a great opportunity to gain an overview of joint ventures with overseas investors and how funds can be effectively transferred

KEY TAKEAWAYS

They could transfer the funds to the UK and into a UK account
Most solicitors will want you to transfer from your business account into their client account
Solicitors have a duty under anti-money laundering rules
Ideally, you should have an understanding of the investor and a relationship with them
You have to ask the questions any lay person would ask

BEST MOMENTS

‘Some lenders might not like it but there will always be someone out there who will like it’

‘Ultimately it’s your responsibility

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

Company Structure

Episode 239

Tuesday, October 25, 2022 • Duration 20:50

Shaz explains how company structure impacts tax and goes into detail about a holding company structure and how it can be used effectively

He answers questions about payments to subcontractors and explains how entrepreneurs' relief works sharing great content for anyone building a business

KEY TAKEAWAYS

A benefit of a holding company structure is less tax
The holding company shouldn’t do anything except holding
If the holding company is also trading then if it goes bust all the other companies are liable to pay the debts
The Construction Industry Scheme, set up by HMRC means you hold the tax payment for any sub-contractors
If you have trading status there are tax allowances you are entitled to including capital allowances and entrepreneurs' relief
Entrepreneurs relief means when you sell a business the first million pounds is taxable at 10%
If you breach the 20% rule you won’t be treated as a trading group and will lose some tax allowances

BEST MOMENTS

‘A company is a separate legal entity therefore if it goes bust you are not personally liable’

‘Use the money to do more deals’

‘If you are holding properties you will quickly breach the 20% rule’

VALUABLE RESOURCES

shaz@aaa-accountants.co.uk

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Capital Allowances And SA

Episode 238

Wednesday, October 19, 2022 • Duration 09:57

Shaz shares the key points about claiming capital allowances including when you can and when you can't claim
If you are wondering where to get started on capital allowances, this episode is the one to listen to
KEY TAKEAWAYS

You can claim on anything fixed to the building
You can claim capital allowances if the previous owner hasn’t
A commercial property or standard search enquiry, completed by the solicitor has a question about capital allowance claims
For new items, you can claim the cost for existing items a valuer is needed to assess
There are different pools for capital allowances
In a large HMO, you can claim for communal areas

BEST MOMENTS
‘A new building will have its own capital allowances’
‘The longer you use it as SA the better for capital allowances’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

A Question of VAT

Episode 237

Monday, October 17, 2022 • Duration 17:15

Shaz is taking questions from his live audience about VAT. With lots of different questions all focused on VAT this is a great opportunity to hear great content about how VAT works in a range of different business situations
KEY TAKEAWAYS

If you have to register there are 3 options, 20%, the flat rate scheme or a tour operators management scheme
With the flat rate scheme, you pay a lower percentage but can’t claim VAT on items bought unless they are over two thousand pounds
It’s better to have separate companies
If you are below the threshold, de-register
If you are doing a commercial conversion, complete a VAT 1641D and give it to the seller, if they accept it you don’t pay VAT on the transaction
SDLT is payable on the purchase price and the VAT element
Outsource the labour and the materials and only pay 5%

BEST MOMENTS
‘If you are mixing different incomes you are more likely to breach the VAT threshold quicker’
‘Generally, there is no benefit to registering for VAT’
‘You are paying tax on the VAT
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Buying More Than 1 Property And Wholly & Exclusively

Episode 236

Wednesday, October 12, 2022 • Duration 21:13

Shaz explains how multiple dwellings relief works and can be hugely beneficial in reducing your stamp duty land tax and the huge amounts of SDLT that can be saved if a house is classified as uninhabitable
He also looks at what you can claim for your business and explains how the key and only question you need to ask yourself is – Is it wholly and exclusively for the business
KEY TAKEAWAYS

An annexe with a separate entrance, kitchen and bathroom means you can claim multiple dwellings relief
Even though the properties are on one title you can reduce your SDLT with multiple dwellings relief
There are approximately 15 plus SDLT reliefs available
In the first 12 months, you can change your SDLT return
Is it wholly and exclusively for your business? if it is you can claim the cost
For SDLT the threshold for being classified as uninhabitable is higher
There is a huge amount to be saved on SDLT if a house is uninhabitable

BEST MOMENTS
‘Multiple Dwellings Relief can significantly reduce your SDLT
‘Buy properties in a limited company’
‘ If there isn’t a roof it’s not a house’
VALUABLE RESOURCES
shaz@aaa-accountants.co.uk
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on:

Facebook

Wealth Made Simple Podcast – Details, episodes & analysis

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Apple Podcasts

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Wealth Made Simple Podcast – Details, episodes & analysis

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