Poor Millionaires is a podcast about the financial lives of the "mass affluent" — people with wealth roughly between $1 million and $20 million. It explores why many millionaires still do not feel rich and what that means for their spending, investing, and family planning. The show aims to educate, connect, and inspire listeners to build lasting prosperity. It offers practical tools and insights for thriving with substantial but not ultra-high-net-worth wealth.
Episodes
The End of Globalisation: How to Invest in a Fragmenting World with Chris MacIntosh
What happens to your portfolio when the rules of globalisation begin to break down?Chris MacIntosh — founder of Capitalist Exploits and principal at Glenorchy Capital — joins James to examine a world moving from just-in-time efficiency to just-in-case resilience. Chris explains why rising debt, sanctions, disrupted trade routes and strategic competition are fragmenting markets into rival blocs.The
The Machine Economy: AI, Blockchain and Digital Assets | Will Nutting
AI can think - but it still needs a wallet, an identity and a way to pay.Will Nutting, Founder and CEO of independent investment research platform Nutstuff, joins James to explain why blockchain could become part of the economic infrastructure for autonomous AI agents.Coming from traditional equities and investment banking, Will approaches digital assets with a sceptic’s eye. He makes the case tha
Crisis Investing: Finding Generationally Cheap Companies in Unloved Markets | Michael McGaughy
When a country enters a financial crisis, collapsing currencies and forced selling can make good companies extraordinarily cheap. They can also expose investors to weak governance, capital controls and permanent loss. How can an investor tell the difference?James speaks with Michael McGaughy, Head of Research at Fusion Wealth Management and portfolio manager of Research Alpha, about his approach t
Hedge Funds for Poor Millionaires: Diversification, Access and the Fees That Matter | Markus Derenthal
Hedge funds are often portrayed as opaque, high-risk vehicles chasing spectacular returns. Markus Derenthal of Cape May Wealth Advisors offers a different view: their most useful role may be to deliver returns that behave differently from stocks and bonds.James and Markus break down the major hedge fund strategies, how they can support portfolio diversification, and the practical barriers facing a
A wave of shareholder activism will sweep the UK - with Swen Lorenz
Swen Lorenz is author of Undervalued Shares and CEO of Sarnia Asset Management. Swen is here to talk about the wave of shareholder activism that’s about to sweep the UK equity market and present some big opportunities for investors. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.
Quietly compounding in the UK stock market - with Alyx Wood
Alyx Wood is co-founder and chief investment officer at UK-focused hedge fund Kernow Asset Management. Alyx and James delve into the incredible opportunities on offer in the much maligned UK market, which has become something of a stock picker’s paradise. Alyx's website: https://kernowam.comPoor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start you
The advantages of boutique managers - with Diana Tenkova
Diana Tenkova, founder of Institutional Quality, is an expert in helping investment firms build credibility, reputation and long-term investor trust. In this episode we're exploring why smaller so-called boutique asset managers have become one of the fastest-growing parts of the investment industry - and whether smaller can actually be better.You can hear more from Diana via her LinkedIn profi
How to invest in Frontier Markets - with the Frontier Viking
Martin Sjogren, aka the "Frontier Viking", has spent years immersed in Frontier markets, which he believes are one of the most under-appreciated and under-researched sectors in the investment landscape right now. Martin shares his journey in frontier market investing, along with his formula for screening the best places to go hunting for bargains. You can hear more from Martin via his Su
The strategy behind a 250x return - with Swen Lorenz
In this episode, Swen Lorenz discusses the investment strategies of Michael Steindler, a portfolio manager with a 250x return since 2000. We explore unconstrained investing, hidden optionality, and how to find under-the-radar opportunities in global markets.Key TopicsUnconstrained investment strategyHidden optionality in stocksFinding under-researched opportunitiesPortfolio sizing and concentratio
€8BN Pre-Crash Empire to Family Office CIO: Lessons from Harald Berlinicke
Harald Berlinicke shares his remarkable journey from a teenage investor witnessing Black Monday, through building an €8 billion structured credit business before the Global Financial Crisis, to becoming a respected family office CIO and one of LinkedIn’s most authentic finance voices.In this candid conversation, Harald opens up about the excesses and lessons of the pre-2008 era, what truly separat
The man behind the balance sheet - with Steve Clapham
Steve Clapham is an ex-hedge fund manager and financial educator who trains professional investors how to analyse corporate financials. In this episode, we reveal why private investors really can create an edge over the big institutions. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.
How to navigate the psychological pitfalls of being wealthy - with Christian Broyhill
Christian Broyhill is the founder of NexGen Journeys, where she helps rising generation family members find clarity, confidence and purpose whilst navigating the emotional landscape of wealth. We dig into how Poor Millionaires can arm themselves against all the psychological pitfalls of becoming wealthy. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and
"I'm only interested in 100 baggers" - with Matthew Stafford
James Faulkner is joined by Matthew Stafford, a highly experienced venture capital investor, who gives us the “how to” of Venture Capital (VC) investing. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on YouTube | Follow
From entrepreneur to investor - with Digby Summerhill
Many Poor Millionaires struggle with the transition from business owner and entrepreneur to being an investor. Digby Summerhill has just completed an exit of his family’s furniture business and in this episode he shares his experiences of managing that transition and becoming a full time investor. Here we unpack the reality of life after an exit - through the experience of someone who’s actually g
How to secure your digital legacy - with Paul Rossini
Today’s guest is Paul Rossini, CEO of AssetPass. Paul has spent the best part of the past decade tackling the challenges of digital inheritance, and in this episode we’ll help you ask the question of whether or not your financial legacy is adequately prepared for the brave new world of blockchain and tokenisation. Poor Millionaires is the show focused on helping you escape the ranks of the mass af
Private banking for Poor Millionaires - with Robert Karas
Robert Karas is Chief Investment Officer at Bank Guttmann. Robert lifts the shroud of mystery on the enigmatic world of private banking and shares his insights into investing and managing the wealth of HNW families for this 29 billion euro AUM institution. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.
How to pick a wealth manager - with Tim Price
James is joined by Tim Price, Director and Fund Manager at Price Value Partners. Tim gives you the inside look on how to pick the right wealth manager - including the questions you must ask and the red flags to avoid at all costs. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on
The next commodities super cycle - with Simon Catt
Simon Catt from Arlington Group has spent his entire career analysing the cycles of the commodities markets and helping mining companies raise money. In this episode, we discuss how Poor Millionaires can navigate the current super cycle in commodities and Simon reveals the three metals he believes stand to benefit the most from global trends. You can follow Simon via Arlington Group and CattCalls.
Ukraine real estate: a generational opportunity?
James Faulkner is joined by real estate fund manager John Suggitt and Sarnia Asset Management CEO Swen Lorenz to discuss the generational opportunity in the Ukrainian property market. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on YouTube |
Silver boom or bust - with Clive Thompson
Clive Thompson is an ex-Swiss banker and is quickly becoming a YouTube sensation with his educational videos on investing. Here we discuss the meteoric rise and equally astonishing fall of silver. Can the silver bull market continue? Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on
How to invest like a family office - with Jan Voss
Today’s guest is Jan Voss, Managing Director of Cape May Wealth Advisors, a Berlin-based wealth management firm.Jan is an expert in single family offices, asset management and international tax advisory. In this episode, we’ll discover how you can apply some of the strategies of family offices as a Poor Millionaire. Poor Millionaires is the show focused on helping you escape the ranks of the mass
Why UK equities are a stock picker's paradise - with Swen Lorenz
Swen Lorenz is CEO of Sarnia Asset Management and the author of UnderValuedShares.com. Today he’s sharing what he believes could be a generational inflection point for the UK stock market, which is now one of THE most contrarian trades out there given the weight of negativity that dominates the narrative. In this episode, Swen and I discuss the current state of the UK economy, exploring the perva
The art of portfolio management - with Terence Moll
Terence Moll is a retired market strategist, having held senior positions at the University Superannuations Scheme in the US, Coutts, and more recently 7 Investment Management. Today he manages his own personal portfolio full time. In this episode of the Poor Millionaires podcast, Terence Moll shares insights from his extensive career in asset management and his transition to becoming a full-time
How to create a Plan B - with Ladislas Maurice, "the Wandering Investor"
Ladislas Maurice, the Wandering Investor, is an expert in international property investing, residency and citizenship. In this episode we ask whether Poor Millionaires need a Plan B – what that entails, and how you can go about implementing one. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.W
How to navigate a bubble - with Neil Woodford
Neil Woodford is one of the UK’s best-known fund managers. Having famously avoided the worst of the fallout from the dot.com bubble and the financial crisis, this helped him go on to manage more than £30 billion at Invesco. These days, he shares his insights via his blog at W 4.0. and In this episode we ask Neil whether he sees any signs of a market bubble and how investors can best navigate the c
How to invest like a European dynasty - with Andrew Brown
Andrew Brown of East 72 Dynasty Trust. Andrew is an expert in family dynasties and publicly listed majority-owned family businesses. In this pod we’re going to learn how three of the most successful European family dynasties invest – but crucially how you can also apply these principles in managing your own wealth. Poor Millionaires is the show focused on helping you escape the ranks of the mass a
How to invest in gold miners - with Simon Popple
Simon Popple is a long time gold advocate and proprietor of The Gold Program, which is an online resourced dedicated to helping private investors navigate the gold mining sector. We dig into what makes the gold miners attractive right now and Simon shares some pointers on how to avoid the pitfalls of the sector. Poor Millionaires is the show focused on helping you escape the ranks of the mass affl
Ukraine as a land of opportunity - with Swen Lorenz
Swen Lorenz is CEO of Sarnia Asset Management and author at Undervalued Shares. During his visit to Kiev we decided to record an episode detailing his observations - which surprisingly include Ukraine being a hotbed of entrepreneurship and investment opportunities. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational weal
$15,000 gold - with Clive Thompson
In this episode we’re joined once again by Clive Thompson. Clive is an ex-Swiss banker who’s recently become a YouTube sensation by sharing his investment insights and experiences, particularly when it comes to investing in gold. In this episode, we’ll be delving into the possibility of a revaluation of the US gold reserves and the implications that could have for the markets.Poor Millionaires is
Ignore gold at your peril - with Dominic Frisby
In part one of this 3-part series on gold, I’m joined by Dominic Frisby, author of The Secret History of Gold. We pick over the precious metal’s current bull market and why gold drives humanity to do great and terrible things. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on YouTube
Dissecting the UK's economic woes - with Simon French
In this episode of the Poor Millionaires Podcast, Simon French, Chief Economist at Panmure Liberum, discusses the current state of the UK economy, focusing on gilt yields, fiscal challenges, and the implications of liability-driven investing. He highlights the attractiveness of UK assets despite political and economic volatility, and emphasises the need for better commercialisation of innovation i
How Bitcoin changed my life - Philipp Mattheis
In this episode of the Poor Millionaires Podcast, James Faulkner interviews Philipp Mattheis, a seasoned business journalist with extensive experience in China and a passionate Bitcoin investor. They discuss Philipp's journey into journalism, his insights on Bitcoin as a means of financial sovereignty, and the evolving landscape of cryptocurrency. Philipp shares his investment strategies, incl
Ignore the doom-mongers with Manish Singh
Manish Singh is Chief Investment Officer at Crossbridge Capital, having previously worked in wealth management and investment banking at UBS and Societe Generale. Here we discuss why it pays to ignore the doom-mongers and focus on long term positioning for financial success. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generat
The European opportunity with Swen Lorenz
Today’s guest is Swen Lorenz. Swen is CEO of Sarnia Asset Management and author at Undervalued Shares, where he uncovers overlooked investing ideas that are off the beaten track. Here we discuss the opportunity in European equity markets, where some big structural changes could bode well for investor sentiment after more than a decade of being overshadowed by the US. Poor Millionaires is the show
The lasting allure of gold with Clive Thompson
Today’s guest is Clive Thompson. Clive is an investment content creator and educator, having retired from a long and distinguished career in wealth management.He’s a big advocate of holding gold and other tangible assets in a portfolio as a hedge against fiat currency debasement – and we’ll be talking about the role of gold in creating a resilient portfolio that can withstand the looming debt cris
Crafting your financial journey with Keith Blackborg
Today’s guest is Keith Blackborg. Keith is a successful real estate investor and owner of Financial Journey, a network of self-directed millionaires who are working to reach work optional and beyond. Crucially, he helps his clients build and manage a personalized Virtual Family Office, leveraging the network to build a team of top-tier professionals working together to deliver. Poor Millionaires i
Doing a 25x with Nigel Pope
Nigel Pope sold his house and quit his job in order to follow his calling and become a full-time investor. Starting out with £250k back in 2016, he did a 25x on his portfolio and has since achieved his goal of becoming completely financially independent. Here we discuss the trials and tribulations of making such a gutsy leap of faith. Poor Millionaires is the show focused on helping you escape the
Democratising direct private equity with Graham Rowan
Today's guest is international speaker, tv presenter and author Graham Rowan. Graham has worked with High Net Worth investors for more than a decade and is on a mission to democratise access to direct private equity deals. Graham believes that selectively accessing deals with these early stage companies can give Poor Millionaires an edge when it comes to 'levelling up' and making that
From fireman to venture capitalist with Cody Shirk
Cody Shirk has traveled the world over the past two decades exploring hidden investment opportunities, remote corners of the world, and empty waves.During this time as an investor, he's deployed capital in nearly two dozen countries across the Americas, Europe, Australia, and Asia.Cody has founded and exited three separate companies. But as he's not afraid to admit, he's also founded a
The generational opportunity in small cap stocks
James Faulkner is joined by Sarnia Asset Management CEO Swen Lorenz to talk about what he believes is a generational opportunity in the shares listed smaller companies. Small cap stocks - traditionally the growth engines of the economy - have been left for dust by the "Magnificent 7" of late. But is that about to change? Poor Millionaires is the show focused on helping you escape the ran
What is a Poor Millionaire?
James Faulkner and Swen Lorenz discuss what it means to be a Poor Millionaire in this inaugural episode of the Poor Millionaires Podcast. Poor Millionaires is the show focused on helping you escape the ranks of the mass affluent and start your journey to generational wealth.Watch on YouTube | Follow us on LinkedIn | Visit our website DisclaimerThis podcast is for educational purposes only. The inf
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