In this episode, Hazel delves into the concept of the learning curve, particularly in relation to money and finances. Drawing from personal experiences as a former teacher and current property expert, the discussion outlines the four stages of learning: unconscious incompetence, conscious incompetence, conscious competence, and unconscious competence.

KEY TAKEAWAYS

• Four Stages of Learning: The learning process consists of four stages: unconscious incompetence, conscious incompetence, conscious competence, and unconscious competence. Each stage represents a different level of awareness and skill in managing finances.
• Unconscious Incompetence: This stage is characterised by blissful ignorance regarding financial management. Individuals may not be aware of their spending habits or the implications of their financial decisions, often leading to overspending and financial stress.
• Conscious Competence: At this stage, individuals begin to understand their financial situation and actively implement strategies to manage their money better. This includes budgeting, cutting unnecessary expenses, and seeking better deals on bills and services.
• Unconscious Competence: In this final stage, financial management becomes second nature. Individuals automatically apply their knowledge and skills to grow and protect their wealth, allowing them to enjoy life while securing their financial future.

BEST MOMENTS
"There's a saying which again you may or may not have heard in the past which is you don't know what you don't know."

"This is the blissful ignorance stage. And we've all been there, right? Whether you still are, because you're either not a driver or you're learning to drive."

"You need to become consciously incompetent, right? And this is where you begin to realize, well, something needs to change."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel explores the concept that saving alone is not a viable path to wealth, especially in the context of low interest rates and currency debasement. Drawing on personal experiences and statistics, the discussion emphasises the importance of investing in well-performing assets, such as property and cryptocurrencies, to outpace inflation and grow wealth over time.

KEY TAKEAWAYS

• Saving Alone is Insufficient for Wealth: Simply saving money in a bank account is not enough to build wealth, especially given low interest rates and the impact of inflation and currency debasement.
• Understanding Inflation and Currency Debasement: To maintain the value of savings, one must save at least 11% annually to counteract the effects of currency debasement and inflation, which can significantly erode purchasing power.
• Investing in Assets: Investing in well-performing assets, such as property or stocks, can yield much higher returns compared to traditional savings methods. Historical data shows that certain assets, like UK house prices and Bitcoin, have significantly outperformed savings accounts.
• The Importance of Time and Patience: Long-term investment strategies, such as compounding returns, can lead to substantial wealth accumulation over time. The story of a janitor who amassed $8 million through frugality and smart investing illustrates this principle.
• Choosing the Right Financial Guidance: While working with financial advisors can be beneficial, it’s crucial to select them carefully, as not all advisors prioritize their clients' best interests. Understanding where and how to invest is essential for financial success.

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode of the podcast, Hazel delves into the powerful concept of "you can only spend it once," inspired by her husband's insightful saying. She encourages listeners to reflect on their spending habits and consider the long-term implications of their financial choices.

KEY TAKEAWAYS

• You Can Only Spend It Once: The concept emphasizes the importance of being mindful about spending money, as each expenditure is a one-time decision that impacts future financial goals.
• Awareness of Internal Conflicts: Reflecting on what you want your money to do for you can reveal internal conflicts between immediate desires and long-term financial goals, leading to more conscious spending decisions.
• The Power of Delayed Gratification: Choosing to delay immediate pleasures, such as daily coffee purchases, can lead to significant savings over time, which can be invested for future growth.
• Compound Interest Benefits: Regularly saving and investing small amounts, like the cost of a daily coffee or lunch, can accumulate to substantial sums over time due to the effects of compound interest.

BEST MOMENTS
"You can only spend it once. So we're going to really explore the idea of this and how you can really start to notice where your money goes."

"As soon as your money leaves your pocket or bank account, it's gone. Never to be seen again unless you have invested it consciously."

"If you were to apply the principle of pound cost averaging into some sort of investment vehicle that could make you 10% a year... it would be about £20,000."

"This is particularly important for the youngsters of today, because a lot of youngsters think about the quick fix, the instant gratification."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel introduces a powerful exercise designed to help listeners navigate challenging decisions and conundrums in their lives. Drawing from a technique learned from a business mentor, Hazel outlines a four-question framework that encourages deep reflection and clarity.

KEY TAKEAWAYS

• Four Question Exercise: The exercise consists of four key questions designed to help clarify decision-making:
• What would happen if I did...?
• What would happen if I didn't...?
• What wouldn't happen if I did...?
• What wouldn't happen if I didn't...?
• Application in Various Contexts: This exercise can be applied to both personal and professional situations, making it versatile for any challenging decision or conundrum.
• Structured Approach: To implement the exercise, divide a sheet of paper into four sections, each labeled with one of the questions, and write down your thoughts for each.
• Clarity and Insight: By answering these questions, individuals can gain clarity and insight into their thoughts, helping to sort through mental confusion and leading to a more informed decision.
• Immediate Gut Reaction: After completing the exercise, individuals often experience an immediate gut feeling about the best course of action, making the decision-making process more intuitive and straightforward.

BEST MOMENTS
"It is a simple yet effective and deep way of solving any seeming conundrum in your life."

"This simple yet deep little exercise will bring about an almost instant gut feel reaction to the answers that you've given."

"What wouldn't happen if I didn't invest in property? See what I mean by being like a bit of a head mess."

"It helps you to see that situation from all different angles, all different perspectives."

"If you have enjoyed this episode I'd massively appreciate a little like or a comment in the box as it really helps to get the message to reach other people."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel delves into the concept of pound cost averaging (or dollar cost averaging) as a powerful investment strategy that allows individuals to take control of their finances. By consistently investing a fixed amount into a chosen investment vehicle, such as stocks or cryptocurrencies, on a regular schedule, investors can mitigate the impact of market volatility.

KEY TAKEAWAYS

• Understanding Pound Cost Averaging: This investment strategy involves consistently investing a fixed amount of money into a particular asset at regular intervals, regardless of the asset's price fluctuations. This approach helps to mitigate the impact of market volatility.
• Automate Your Investments: Setting up automated payments into your chosen investment vehicle can simplify the process and ensure that you consistently invest without having to think about it each time.
• Long-Term Focus: It's important to adopt a long-term perspective when using this strategy. Regularly checking the performance of your investments should be done infrequently to avoid emotional decision-making based on short-term market movements.
• Building a Diverse Portfolio: Once comfortable with the process, investors can apply the same strategy to multiple investment vehicles, allowing for the creation of a diversified portfolio over time.

BEST MOMENTS
"The principle is very simple... it's just that you are now in control. You get to decide where you put your cash."

"Pound Cost Averaging evens out the big swings, the big highs and lows that can come in the market."

"By pound cost averaging, we made a 37.2% gain... in a year, especially because the market was going wobble, up and down."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel explores effective strategies for managing and eliminating debt, focusing on two popular methods: the Debt Snowball and Debt Avalanche techniques. The Debt Avalanche method prioritises paying off debts with the highest interest rates first, ultimately saving money on interest payments and reducing the time needed to become debt-free.

KEY TAKEAWAYS

• Debt Repayment Strategies: There are two primary methods for managing debt: the Debt Avalanche method, which focuses on paying off the highest interest debt first, and the Debt Snowball method, which targets the smallest debt first. Each method has its own advantages and disadvantages.
• Importance of Minimum Payments: Regardless of the chosen method, it's crucial to make minimum payments on all debts except for the one being targeted. Setting up automatic payments can help ensure that these minimums are met consistently.
• Pros and Cons of Each Method: The Debt Avalanche method can save money on interest and reduce the time to become debt-free, but it requires discipline and commitment. In contrast, the Debt Snowball method can provide quick wins and motivation by eliminating smaller debts first, though it may result in paying more interest over time.
• Debt Consolidation Option: Consolidating debts can be a beneficial strategy, especially if one has equity in their home. By refinancing at a lower interest rate, individuals can potentially reduce their overall interest payments and simplify their debt management.

BEST MOMENTS
"The Debt Avalanche method means you pay off the highest interest debt first, while the Debt Snowball method has you pay off the smallest debt first."

"Using the Debt Avalanche method will save you the most in interest payments as you go along."

"The snowball method can give you that motivation to settle your debts faster and see accounts closed down much quicker."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel delves into the principle of opportunity cost, emphasising its significance in making informed decisions, particularly in financial matters. As the new year begins, the discussion reflects on the regrets many individuals have regarding missed opportunities, such as investing in property or cryptocurrencies. Hazel shares personal experiences and insights gained over 15 years of working with clients, highlighting the importance of education and due diligence in investment choices.

KEY TAKEAWAYS

• Understanding Opportunity Cost: Opportunity cost refers to the value of the next best alternative that is forgone when making a decision. It's crucial to recognise what you might be giving up when choosing one option over another.
• Importance of Education: Being informed and educated about different investment opportunities is essential. Knowledge can help individuals make better financial decisions and avoid regrets about missed opportunities.
• Delayed Gratification: Choosing to invest in long-term financial stability, such as property, over immediate pleasures like luxury vacations or cars can lead to greater financial security in the future.
• Learning from Experience: Not every investment will yield positive results, but each experience—whether successful or not—provides valuable lessons. Embracing failures as learning opportunities is vital for growth.

BEST MOMENTS

"Opportunity cost is the value of the next best alternative when a decision is made."

"The opportunity cost of such was that we chose delayed gratification for future financial stability."

"If you're not in the game, you're not learning."

"It's important to align with the choices that you make and make sure that you are doing the correct due diligence."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

CONTACT METHODS

Website
Instagram

In this episode, Hazel welcomes listeners to the New Year and shares a reflective exercise designed to help individuals take stock of their lives, particularly focusing on finances and personal growth. Hazel encourages listeners to grab a pen and paper to answer a series of thought-provoking questions that assess their achievements, challenges, and aspirations from the past year. By reflecting on what went well, what could have been improved, and what actions to take moving forward.

KEY TAKEAWAYS

• Reflective Exercise: At the start of the year, it's beneficial to take stock of your life, particularly your finances, by reflecting on your achievements and areas for improvement. This can help you identify necessary adjustments to align with your life objectives.
• Mindset Shift: Progress towards personal and financial freedom often requires a shift in mindset. Recognising the importance of your thoughts and decisions can empower you to take different actions that lead to desired outcomes.
• Long-Term Perspective: People tend to overestimate what can be achieved in a year but underestimate what can be accomplished in five years. It's essential to focus on long-term goals and the foundational work needed in the early years of your journey.
• One Word Exercise: Consider what one word represents what you want to leave behind from the previous year and what one word embodies how you want to feel moving forward. This exercise can help clarify your intentions for the new year.

BEST MOMENTS
"It's a powerful little exercise that I'm going to be sharing with you."

"If you don't stop then to be quite honest with you it could be feeling like you're bashing your head against a brick wall."

"People massively overestimate what can be achieved in a year, but hugely underestimate what can be achieved in five years."

"What one thing would you like to carry forward into 2025 in terms of your sense of being?"

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free.

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'.

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.