#106: Wealth, Don’t Just Hand It Down — Teach Them to Build It Themselves with Ryan Baddock - MD of RB Finance
If your kids are going to inherit the farm — or the family fortune — you’d better be sure they know how to manage it.
In this no-fluff, high-value episode, Ben is joined by long-time mate and mortgage strategist Ryan Baddock to explore what it really takes to get the next generation wealth-ready — long before succession.
You’ll discover:
- Why teaching your kids how to build wealth is more important than just handing it over
- The key steps young people should take before buying their first investment property
- How parents can support their kids without enabling them — including the right (and wrong) ways to help with deposits and guarantees
- What banks really look for when assessing young borrowers — and the hidden landmines that can derail your kids' financial future
- Why lending rules are not one-size-fits-all — and how a good broker can mean the difference between “no deal” and “you’re in!”
Whether your kids are headed back to the farm or off to forge their own path, this episode is packed with real-world advice on setting them up for wealth, wisdom and independence.
🛠 Practical. Strategic. Eye-opening.
This one’s a must-listen for every farming family that wants to break the three-generation curse.
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Ben spent over 20 years working with successful business owners and farming families which allowed him to unearth the timeless principles on how to successfully grow, protect and maintain wealth.
If you want to learn the principles of how to grow your family’s wealth throughout the generations, then you might consider joining The AgriCoach Podcast each fortnight for more Wealth & Wisdom.
Disclaimer: The information contained in this podcast is general in nature and for education purposes only. It is not financial advice. It is not legal advice. No one should act on the information without appropriate specific advice for your particular circumstances. Ben Law is a former financial advisor but is no longer licensed and cannot and will not give you specific or personal advice in this podcast. The Financial Bloke Group Pty Ltd accepts no responsibility for any loss or damage occasioned by any person acting or refraining from action as a result of reliance on the information in this podcast.
https://thefinancialbloke.com.au/