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Wealth Creation Academy

Public • 54 • $63/m

6 contributions to Wealth Creation Academy
3 likes • Aug 28
Awwww this is impressive 🤯 Here is what I prepared earlier. Keen to know what people think ?
Saving money
How do I save money?
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New comment Aug 25
1 like • Aug 18
One saving hack I have learnt is to adopt pretend like my salary is still the same. So any increase in income is automatically saved.
1 like • Aug 22
@Dionne Mutambisi it really helped us to save a significant amount since starting my role plus you are already used to a particular lifestyle with the original salary so you don’t feel it so much!
Part 2: Introducing www.FoverFreshPack.com
Introducing Forever Fresh Pack your go-to solution for all vacuum freeze bags, ensuring your fresh food stays fresh for longer. Designed with quality and reliability in mind, our bags are perfect for preserving the freshness and flavor of your food, whether you’re a home cook, farmer, or small business owner. With Forever Fresh Pack, you can confidently store your bulk purchases, knowing they’ll maintain their quality over time. Choose Forever Fresh Pack for trusted, long-lasting food preservation. We have a brand name, a target audience even a wesbite .......... Now its time to source the product @Brenda Busari are you guys still following along. Comment the word source if you want a product sourcing video
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New comment Aug 20
Part 2: Introducing www.FoverFreshPack.com
0 likes • Aug 17
@Emmanuel Asuquo that’s an easy one https://wallabygoods.com/collections/all/products/wallaby-100-count-gusset-mylar-bag-bundle
0 likes • Aug 20
@Emmanuel Asuquo the minimalist approach is appealing but so I don’t have any concrete ideas. I do have a graphic designer @Isaac Busari who is willing to help me flesh out some ideas. I am also going to take a look at canva and midjourney this evening and I look forward to the next post as I want to learn how to build concepts myself also.
Property spot light
61 Palatine Road, Wallasey, CH44 7EN - £125,000 https://www.rightmove.co.uk/properties/143062991#/media?id=media0&ref=photoCollage&channel=RES_BUY This property comes tenanted for £850 PCM ON A 5 YEAR FIXED GURANTEED RENT SCHEME Lets brakedown the numbers asign a Wealth Creation Strategy 1. Property Purchase and Initial Costs: - Property Price:£125,000 - Deposit (25%): £31,250 - Mortgage Loan Amount: £93,750 - Stamp Duty: - If this is an additional property: £3,750 (3% of £125,000) - If this is your main residence, no stamp duty is payable. 2. Monthly Cash Flow: - Rental Income: £850 per month - Mortgage Payment: £547 per month (assuming a 5% interest rate over NEXT 5 YEARS FIXED - Monthly Rental Profit: £303 3. Overpayment Strategy: You plan to use the entire monthly rental profit (£303) to overpay the mortgage. This increases your total monthly mortgage payment from £547 to £850. 4. Impact of Overpayments Over the Next 5 Years: - Total Overpayment Per Month:** £303 - Total Overpayment Per Year:** £303 x 12 = **£3,636 - Total Overpayment Over 5 Years:** £3,636 x 5 = **£18,180 By overpaying £303 each month, you will reduce the principal balance of the mortgage more quickly, leading to substantial interest savings and shortening the loan term. Estimated Reduction in Mortgage Term: - Without overpayment, the mortgage would last 25 years. - With the overpayments, you could reduce the term by approximately 11-12 years, but since you are focusing on the first 5 years: - You will reduce the term by about 2-3 years within the first 5 years. Estimated Mortgage Balance After 5 Years: - Without overpayments: The balance might be around **£84,000**. - With overpayments: The balance could be reduced to around **£65,000-£70,000** depending on how much interest is saved. 5. Equity Growth Over 5 Years: Assume property value increases by 10% each year: - Year 1:** £125,000 * 1.10 = £137,500
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New comment Aug 26
Property spot light
2 likes • Aug 20
Wow I love the idea of overpaying and it’s handy to see this applied with some figures also 🙏🏾
Part1: Building a Packaging company in 7 days for £100
Hey members @Brenda Busari has kindly allowed us to use her idea as a case study. Building any online business we need to start with these 4 points Product, Customer, Strategy, and Branding.There will be alot of information over the next seven days so at any point please feel free to reply underneath a post and ask for clarity. We will be asking @Brenda Busari specific questions to help her discover her brand and online store. So buckle up class is in session. 1. **Identify Your why:** - For you to be truly succesful selling products you have to ask yourself why? This why will help connect with other people who also share that why? 2. **Define Your Target Customer:** - Understand who your ideal customers are, their needs, and how your product can solve their problems. 3. **Understand the Market:** - Analyze market trends, competitors, and pricing strategies to position your product effectively and identify gaps in the market. 4. **Develop a Unique Value Proposition:** - Craft a clear message that communicates why your product is better or different from competitors. 5. **Build a Brand Identity:** - Create a consistent brand image, including logos, colors, and messaging, that resonates with your audience. 6. **Design a Marketing Strategy:** - Use social media, content creation , to target your customers and build awareness. 7. **Engage Your Audience:** - Actively interact with your customers through social media, email, and feedback channels to build loyalty and refine your offerings based on their input. @Brenda Busari "what problem are you solving or rather why have you decided to choose Mailer bags and oxygen packets. Is there a reason this product resonates with were you are in life right now? "
Complete action
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New comment Aug 20
0 likes • Aug 18
@Emmanuel Asuquo domain name secured 🎉🎉🎉 ready for the next steps
0 likes • Aug 20
@Emmanuel Asuquo This would be the Mylar bag I would like to start with the 1 pint (6”x 8”) gusset Mylar bag with oxygen https://wallabygoods.com/products/gusset-mylar-bags-sticker-labels?variant=42404711858370 This size could easily cover the food storage needs across my target audience with ease and then introduce larger or smaller sizes as the business grows.
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Brenda Busari
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@brenda-busari-1166
Bre

Active 1d ago
Joined Aug 9, 2024
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