Dr Felix Bertram - 'An introduction to wealth creation & financial freedom' #287

Episode 287 hosts Dr Felix Bertram, a Dermatologist and serial entrepreneur based in Switzerland. In this podcast we do something very different and look beyond the business strategies of earning money from aesthetics. We discuss the importance of financial freedom, budgeting, and various investment options such as savings accounts, term deposits, stocks, property, gold, and cryptocurrency. We emphasize the importance of starting early, understanding the power of compound interest, and seeking professional financial advice. Our conversation also highlights the differences between venture capital, private equity, and the importance of having a succession plan for business owners. The episode ends with practical advice and insights for professionals seeking to enhance their financial literacy and future-proof their wealth. 00:00 Introduction 00:51 Today's Special Guest: Dr. Felix Bertram 01:10 Wealth Creation for Professionals 04:51 Understanding Financial Freedom 05:56 Defining Passive Income 18:19 The Importance of Budgeting 39:21 Investment Strategies and Diversification 46:57 Investing Inherited Money in the Stock Market 47:11 The Long-Term Benefits of Stock Investments 48:34 Understanding Investment Fees 49:30 Allocating Monthly Income to Investments 50:07 Exploring Safe Investments: Government Bonds 50:42 Property Investment: Pros and Cons 51:35 Challenges of Property Ownership for Young People 57:33 Superannuation: A Secure Retirement Fund 01:01:41 The Value of Gold in Investment Portfolios 01:06:44 Cryptocurrency 01:14:16 Venture Capital and Private Equity 01:22:37 Preparing Your Business for Sale 01:27:02 Final Thoughts on Wealth Creation CLICK HERE TO JOIN OUR PATREON FOR ON DEMAND EDUCATION & SUPPORT CLICK HERE TO BROWSE OUR IA OFFERS FOR DISCOUNTS & SPECIALS CLICK HERE IF YOU'RE A BRAND OR COMPANY & WANT TO WORK WITH US CLICK HERE TO APPLY TO BE A GUEST ON OUR PODCAST JOIN OUR LISTENER WHATSAPP GROUP & SEND US YOUR COMMENTS, SUGGESTIONS OR JUST SAY HI! CONTACT US AND FOLLOW US ON INSTAGRAM