Nigel Greene: Building a Multi-Generational Legacy

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SSAS Business Podcast

Business


This is a very special episode for me as I give a detailed interview with my great friend and business partner Nigel Greene. Many of you have been mentored over the years by Nigel and have been and continue to be inspired by his incredibly focused energy, amazing achievements and his systemised way of finding analysing and undertake due diligence on a wide range of business, commercial and residential property transactions. Nigel is a highly sought-after mentor to many and supports committed people in many areas of business, property and commercial due diligence guiding them through their strategy and actions.   Here is Nigel introducing himself in his own words.   My name is Nigel Greene and I am a devoted Husband to my wonderful and supportive Wife Annette, and Father to four amazing children: Dan, Hannah, Caitlin and Josh. It is my family who planted those seeds of desire many years ago, to create significant wealth through business and property; to seek a lifetime’s ambition of creating a multi-generational legacy. Derby is my place of birth where I spent the first 30 years of my life before relocating to the Essex area through my work in 1998.   I have always had a firm belief that if you cannot directly input into something then you will have very little control of the outcome, which very early on made me opposed to the concept of the stock market and particularly UK Pension schemes.    With 29 years board level business and property expertise in engineering, construction, energy and telecoms industries, I have co-founded and operated within many national and international businesses, deploying complex projects of values between £5million - £500million.   As previously mentioned, I wanted to create wealth in my life and that all important multi-generational legacy. However, a pension today effectively halves in value on death and disappears totally when your next of kin/beneficiary departs, reducing the wealth and that legacy to zero. Therefore, my approach was to never invest in the Stock Market and to find an alternative/supplementary route to pension, and to invest in an asset class that would generate a passive monthly income throughout my lifetime and beyond. The answer for me was residential and commercial rental property.  Over the past 20+ years, my Wife and I have invested heavily and we have built an impressive multi-million-pound international property portfolio. This continues to grow both in property numbers, valuation and provides a monthly income that is impactful to our lives now.  I left the corporate world for the last time in March 2015.  My business partners and I established a property development company, EquaGroup (www.equagroup.co.uk). As a company, we focus on our combined passion for creating shared and sustainable value through property and building a powerful and enduring legacy for future generations. I am passionate about helping others to succeed in their lives and sharing the knowledge that I have gained over the years. Our training and mentoring business EquaSSAS has created a wonderful platform for us to help others to achieve great things in their lives and for us to achieve our passion.  Despite my personal views on pensions, over the years the corporate world has contributed to a significant personal pension value, through a combination of final salary and stakeholder schemes. In 2016, I transferred this into a Small Self-Administered Scheme (SSAS) Pension, where myself and fellow trustees now actively invest this money into commercial property, or other HMRC approved investments.   I retain a low profile, by choice, and looking back have quietly and consistently achieved over the years through lots of hard work, my love of detailed analysis, being creative and being decisive when it matters. I have always given more than I take and I remain determined and passionate about achieving my life’s goals.    Nigel is a chapter author in the book Advice To Your Younger Self – see pp 113 – 126 with all proceeds going to very worthy charities.   This is me:  Husband, Dad, multiple Business Owner, successful Property Investor, Pension Trustee, Trainer, Mentor and multi-generational Legacy Creator.   Nigel’s contact details   Message me on Facebook https://www.facebook.com/nigel.greene.56 Email: nigel.greene@equassas.co.uk Web: www.equaacademy.co.uk