Doug talks about the complex world of inherited wealth with financial planner and life coach Melissa Hoyer. Melissa brings 20 years of expertise working with significant inheritances at The Wealth Conservancy. They explore the psychological challenges of sudden wealth, the importance of balance and setting meaningful intentions versus rigid goals. Melissa shares what she has learnt about the emotional integration of inherited wealth, why money magnifies existing patterns as well as how self-compassion plays a crucial role during life changes.

KEY TAKEAWAYS

• Inherited wealth arrives "like a meteor crashing into your world," requiring emotional, psychological, and spiritual integration alongside practical wealth management skills. This is a completely different experience than accumulating wealth yourself.
• Money acts as a magnifier of existing patterns, those who tend toward luxury purchases will amplify this behaviour, while those uncomfortable with wealth might struggle even with small indulgences like buying the expensive coffee.
• Inheritors face unique challenges including feeling they've missed out on career accomplishments, experiencing loneliness from keeping wealth private, managing complex financial situations and feeling dependent on systems they don't fully understand.
• True work-life balance begins with a conscious decision to prioritise balance. Melissa likens it to creating a beautiful bouquet by being intentional about which flowers to include rather than trying to include everything.
• Setting intentions allows for more spaciousness than rigid goals, creating room for flexibility while still maintaining direction toward desired outcomes.
• During life changes, we experience chaos between our old normal and eventual new normal - practicing self-compassion during this phase helps us move forward.
• For meaningful goal setting, create a space away from daily life where goals can emerge from excitement and heart's desires rather than fear or external pressure.
• Many wealthy clients focus on philanthropy rather than extravagant lifestyles, channelling resources toward causes they're passionate about to create meaningful change in the world.

BEST MOMENTS

"When you accumulate it, you have a relationship with it, and when you inherit it, it's like this meteor crashing into your world and it's completely foreign."

"Money is a magnifier oftentimes. I've worked with clients on the flip side who grew up with wealth, but they didn't embrace the wealth so they lived very well below their means."

"My golden nugget about goal setting would be to, when you're setting goals, be in, I think of it as like an extraordinary space, go take a weekend away or give yourself some space and do it from a place of excitement, hopes, dreams, and allow that to fuel the goals."

"It's a decision and I think of it like a, a field of beautiful flowers and you wanna make a, a beautiful bouquet of flowers and you really, you can't pick one of each because that would, that wouldn't be a bouquet."

ABOUT THE GUEST

wayintowealth.com

https://www.linkedin.com/in/melissahoyer/

VALUABLE RESOURCES

Website: http://dougbennett.co.uk/

Email: doug@dougbennett.co.uk

LinkedIn: https://www.linkedin.com/in/financialdoug/

Twitter: https://twitter.com/FinancialDoug

Facebook Wealth Tribe: https://join.dougbennett.co.uk/

Download Your "Ten-Step Guide To Financial Freedom" Here:

https://bit.ly/Struggle-Success

BOOKS:

Goals Do Come True is now live and available to buy on Amazon: https://amzn.to/3phcy6Z

Think Simple, Win Big is now live and available to buy on Amazon: https://www.amazon.co.uk/Think-Simple-Win-Big-Business/

Enjoy, and come back for the latest podcast each Wednesday. Thank you for listening.

Doug interviews Anmol Singh, trader and investor and author of Prepping for Success. Singh talks about goal setting including breaking down big goals into actionable steps and maintaining integrity with yourself. From visualising success on his university vision board to now living that reality in New York City, Singh reveals how proper goal setting transformed his life. He also shares how to eliminate decision fatigue, outsource tasks and how to find the balance between wealth and health.

KEY TAKEAWAYS

• Set clear goals and break them down into smaller, achievable steps rather than overwhelming yourself with one massive goal. Singh visualised his New York life on a vision board in university, then broke down exactly what he needed to do to get there.
• Professional traders decide when to exit a trade before they enter it, establishing both target prices and stop loss levels to remove emotion from decision making and limit potential losses.
• Integrity is the foundation of success, do what you said you're going to do when you said you're going to do it. The gap between stated intentions and actual actions represents a lack of integrity that prevents goal achievement.
• Schedule your goals and tasks in a calendar to ensure they get done. Things that aren't scheduled will be replaced by other activities, while scheduled tasks have dedicated time for completion.
• Eliminate decision fatigue by outsourcing or systematising low value tasks like choosing what to wear, meal planning and household chores, preserving mental energy for important decisions.
• True success isn't just financial wealth but balance across health, wealth, love, and happiness. Many people focus exclusively on financial success while neglecting other crucial areas of life.
• Combat the learning loop trap where people continuously consume information without applying it. Knowledge without application is just information hoarding, applied knowledge is what creates results.
• Trading isn't as glamorous as portrayed in movies. It's mostly about analysing charts, numbers, and spreadsheets. The realistic goal isn't becoming a billionaire hedge fund manager but developing consistent profitable strategies.

BEST MOMENTS

"When you lose exactly what you plan for, there's no uncertainty, there's no fear. 'Cause you already accepted that risk before you got into it."

" I had the whole phase of buying a Ferrari and all of that and putting up pictures, and then you realise after you get a little bit older, what's the point of all of that?"

"Think about how much your life, our lives, all of our lives would be different if we did every single thing we said we're gonna do and we did it when we said we're gonna do it."

"I'd rather you read one book 10 times and apply it into your life than say you've read a hundred different books."

ABOUT THE GUEST

Website: www.Anmol.net

https://www.linkedin.com/in/anmolsc/

@DeltaNinety

https://www.facebook.com/anmolsc

https://go.anmol.net/

VALUABLE RESOURCES

Website: http://dougbennett.co.uk/

Email: doug@dougbennett.co.uk

LinkedIn: https://www.linkedin.com/in/financialdoug/

Twitter: https://twitter.com/FinancialDoug

Facebook Wealth Tribe: https://join.dougbennett.co.uk/

Download Your "Ten-Step Guide To Financial Freedom" Here:

https://bit.ly/Struggle-Success

BOOKS:

Goals Do Come True is now live and available to buy on Amazon: https://amzn.to/3phcy6Z

Think Simple, Win Big is now live and available to buy on Amazon: https://www.amazon.co.uk/Think-Simple-Win-Big-Business/

Enjoy, and come back for the latest podcast each Wednesday. Thank you for listening.

Doug speaks with Michael Drew, a marketing expert who has helped publish thousands of books and put 132 titles on bestseller lists. Drew talks about the true purpose of publishing books, explaining why becoming a bestseller should be a strategy, not a goal. He also reveals the secrets of effective goal setting, customer relationship building, and the fascinating "12 steps of intimacy" framework that transforms how businesses connect with clients.

KEY TAKEAWAYS

• Define your goal clearly and establish a measurable metric for success. Many people focus on tactics (like writing a book) without connecting them to meaningful outcomes.
• Bestseller status is not a goal but a strategy, Michael has helped 132 books reach bestseller lists, but only 7 authors made more money from book sales than marketing costs.
• For books over 60,000 words, every additional 5,000 words results in losing 10% of potential readers. People buy shorter books they believe they can finish.
• Only 17% of American households buy at least one book per year, making book marketing strategy particularly important for reaching target audiences.
• There's a crucial difference between selling (convincing someone to take an action they hadn't planned) and conversion (helping someone take an action they already want to take).
• Your sole purpose should drive your goals.
• Build customer journeys that reflect what you would naturally do in intimate settings. Customers can sense when you're pursuing transactions versus relationships.

BEST MOMENTS

"Bestseller is not a goal. A bestseller is a strategy, and the tactics that float into that are what support that strategy. The strategy then has to tie back into the outcome, into the goal, into the measurement of success."

"The talents and skills and abilities that I've been given have not been given to me for me. They've been given to me for my service for you and everyone else."

"If the book is longer than 60,000 words, like once you hit 60,000 words, every 5,000 words, you'll lose 10% readership."

"The winners and losers in life are determined when the teams are picked. There are two teams that are essential for your success. The first are the team of people who select you to be on their team. The second are those you select to be on your team."

ABOUT THE GUEST

https://www.linkedin.com/in/michaelrdrew/

https://x.com/PromoteABook

https://www.facebook.com/michaelrdrew

VALUABLE RESOURCES

Website: http://dougbennett.co.uk/

Email: doug@dougbennett.co.uk

LinkedIn: https://www.linkedin.com/in/financialdoug/

Twitter: https://twitter.com/FinancialDoug

Facebook Wealth Tribe: https://join.dougbennett.co.uk/

Download Your "Ten-Step Guide To Financial Freedom" Here:

https://bit.ly/Struggle-Success

BOOKS:

Goals Do Come True is now live and available to buy on Amazon: https://amzn.to/3phcy6Z

Think Simple, Win Big is now live and available to buy on Amazon: https://www.amazon.co.uk/Think-Simple-Win-Big-Business/

Enjoy, and come back for the latest podcast each Wednesday. Thank you for listening.