The Property NomadsSmallBone To Pick #1 - Fake wealth and fake social media
In this podcast, Rob SmallBone tries out his new “Small Bone to Pick” format. This one is Rob´s take on the recent news story about a UK property investor who ended up with an Unexplained Wealth Order. He explains what they are, how they are used, and how easy it is to end up with one, especially if you are conspicuous about your wealth.
Rob also speaks about how the UK government´s Bounce Back Loans system was abused by criminals. As well as why you need to be cautious about how you consume and use social media.
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KEY TAKEAWAYS
- Successful businesspeople need to be aware of what Unexplained Wealth Orders are.
- Even someone who does not appear to have criminal connections can potentially be asked to explain their wealth by the authorities.
- People who own a lot of properties can be asked to explain how they got the funds to buy them.
- Rob explains how indulging in “fake it until you make it” behaviour on social media can backfire on you.
- Rob introduces his plans to start a travel podcast and to offer his listeners a weekly book recommendation.
BEST MOMENTS
‘If you've obtained your wealth perfectly normally there is nothing wrong with that.’
‘Question both sides, question the capitalist side, question the socialist side as well.'
VALUABLE RESOURCES
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
rob@https://tpnpodcast.com
Unexplained Wealth Order BBC news story
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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