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Chris Budd

๐Ÿ‘ค Speaker
743 total appearances

Appearances Over Time

Podcast Appearances

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I say, well, do you have a financial advisor?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Yeah, I do.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Somebody looks after my pensions.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I say, well, do you have a cash flow forecast?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And they say, no, we don't.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

What's that?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And they get a new advisor as a result of that conversation because they need to know that how much do I need figure.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Um, well, crikey, that's a great question too.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Lots of answers to that.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Let me give you, uh, so there's a particular, so I do lots of coaching with wealthy people kind of after wealth, trying to work out what next, because they've only started on that step one.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I asked the question, what's your money for?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I kind of get a blank look.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Um, one of them said, well, I've got to buy an expensive car.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I said,

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

Can you explain to me the thinking behind buying expensive cars?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

I said, well, I need to have something to show for my money.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And I said, show who?

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And he went, oh, yeah, thought about that.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

The irony was three months later with our next session, he'd just bought a Bentley.

Making Money
My Dad Went Bankrupt, It Changed How I Think About Money

And that's a really important point, actually.