Clear, practical steps to build wealth, protect it and get your freedom back sooner than you think.
In this latest post on the future of wealth, we delve into the world of Decentralised Finance Protocol (DeFi). We will also explore how you can start to use it. With that in mind we look at your first £1,000 in a Decentralised Finance Protocol.
Continue reading “Your First £1,000 in a Decentralised Finance Protocol (Safely)”
In a previous post in this The Future of Money series, we discussed how the Top 5 Hard Assets to Protect Your Wealth Outside the Financial System. Those asses were Real Estate, precious metals, commodities, farmland and infrastructure. This week we take a deeper dive into precious metals and in particular How Gold and Silver Fit into a Modern Wealth Plan.
Continue reading “How Gold and Silver Fit Into a Modern Wealth Plan”
In the last post in this Future of Money series: Crypto For Beginners: How to Use Cryptocurrency for Wealth Protection Not Speculation, I talked about why entrepreneurs should start treating cryptocurrency as part of their wealth-protection toolkit rather than just a speculative play. I also introduced the idea of hot and cold wallets. In this post, I want to go deeper into why every entrepreneur should have a cold wallet as standard.
If you’re running a business and dealing with cryptocurrency in any form, a cold wallet isn’t optional, it’s your seatbelt. It’s the single best way to lock down your digital assets and stay protected from online threats, dodgy platforms and unexpected failures. In short, it keeps you in full control of your money.
A hot wallet is simply a crypto wallet that’s connected to the internet. Great for speed and convenience. Terrible for security. These are the apps on your phone or laptop, or the wallets that exchanges give you by default.
A cold wallet is the opposite — completely offline. Your private keys live on a hardware device or even written down on paper. There’s no online connection, which means the usual cyber threats don’t get a look-in. You’ll still need to store that device or key safely, but you remove the single biggest risk: being online.
Cold wallets create a physical barrier — an “air gap” — between your assets and the internet. That makes them basically immune to hacking, malware and phishing scams. If it’s not online, it can’t be attacked online.
If your crypto sits on an exchange, the exchange owns the keys. And if they own the keys, they ultimately control the coins. If an exchange collapses, gets hacked or freezes withdrawals, your funds can disappear overnight. A cold wallet puts ownership back where it belongs — with you.
If you’re holding crypto as a long-term store of wealth, cold storage is the closest thing to locking your money in a vault. Hot wallets are great for small amounts you need access to quickly, but not for anything meaningful.
Most hardware wallets generate a recovery seed phrase — a list of 12–24 words that lets you restore everything even if the device is lost or damaged. Store that seed offline (a safe or fireproof box works well), and you’ve got a bulletproof backup.
Traditional bank accounts are insured. Crypto accounts are not. If something goes wrong, there’s no FSCS stepping in. That’s why security sits squarely on your shoulders — and why a cold wallet gives you a fighting chance.
A balanced setup, many security pros recommend looks like this:
This way you stay protected while still having the flexibility to operate and take advantage of opportunities.
Disclaimer:
Just because I’m financially independent doesn’t mean you can sue me if you blow your savings on crypto llamas. This blog is for education and entertainment—not financial advice. Before making any money moves, speak to a qualified (and hopefully not-broke) Independent Financial Advisor. You know, the kind with certificates and a filing cabinet.
For entrepreneurs, a cold wallet isn’t just a nice-to-have. It’s a fundamental part of staying secure, staying independent and keeping your digital wealth firmly in your hands. If you’re looking at hardware options, Ledger and Trezor are two of the most established brands on the market.
A cold wallet is one of those tools that instantly puts you in a stronger position the moment you start using it. In a world where digital money is becoming the norm and cyber risks are only increasing, having full custody of your assets is not just smart, it’s part of being a resilient, forward-thinking entrepreneur. With a simple setup and a clear system for managing your crypto, you give yourself security, flexibility and the confidence to operate on your own terms.
I will be continuing this theme of your wealth strategy in this new-money era. Sign up to the newsletter so you don’t miss out.
In our series of blog posts: The Future of Money, we’ve started looking at strategies to protect your wealth and to be ready for opportunities. I’ve already touched on how Cryptocurrencies can form part of your armoury. In this post I take a deeper look at Crypto for beginners so that you should, by the end of the post, have an overview of what they are and why you should ‘invest’ in them. I’ve put ‘invest’ in inverted commas because is it really an investment? Read on to find out.
Continue reading “Crypto for Beginners: How to Use Cryptocurrency for Wealth Protection, Not Speculation”
As we progress through this series of the future of money, we’ve already looked at CBDCs (Central Bank Digital Currencies) in depth and now we are starting to look at strategies you can put in place now, to protect yourself against inflation and other economic issues that may appear. In the previous post we specifically looked at How to Build a CBDC Resilient Property Portfolio. I touched upon asset allocation and mixing your portfolio with other non-property assets. In this post I will describe the top 5 hard assets to store wealth outside the system.
Continue reading “Top 5 Hard Assets to Protect Your Wealth Outside the Financial System”
In this next post in the blog series – The Future of Money, we open a new section which gives practical strategies for building wealth. The first raft of posts lay the groundwork of knowledge around how finances and the world of money will change, and is changing now. One pillar of wealth is the asset class property, so today, we will specifically look at how to build a CBDC resilient property portfolio.
Continue reading “How to Build a CBDC Resilient Property Portfolio”
The problem with goals is that life gets in the way, especially if you have long term goals. If you are not seeing immediate progress, you may be tempted to abandon your target. This is very common. This was me with most of my goals, whose target dates were way off in the distant future. In this post I show you how to chase big goals without losing the now.
Continue reading “How to Chase Big Goals Without Losing the Now”
My first fear when I heard about the onset of Central Bank Digital Currencies is they will be used by governments to snoop on us and try to nudge our behaviours around our spending habits. This is not to mention the potential for a government to try to punish certain spending and de-bank certain individuals. This happens, in places that already have a CBDC. So, in this next post in the series of the future of money I talk about how to stay free, flexible and financed in a CBDC world.
Continue reading “How to Stay Free, Flexible and Financed in a CBDC World”
In the previous post in this series of the future of wealth I discussed ways in which you can protect your wealth in the coming Central Bank Digital Currency CBDC era. One of the ways we looked at was moving any surplus CBDC money as soon as possible into appreciating or income producing assets as soon as possible. Alternatively, you could convert this money into a form that at least holds its value relative to inflation over time. Therefore where should you store your wealth in the CBDC era?
Continue reading “Where Should You Store Your Wealth in the CBDC Era?”
Following on from the previous post 6 Ways CBDCs could affect real estate investing forever, this week we will look at how you start protecting your wealth in the age of CBDCs.
Continue reading “Protecting Your Wealth in the Age of CBDCs”