One of our biggest values here at WealthBuilders is community. For us, it’s all about sharing and supporting like-minded individuals who are on the same path. If you are involved in the tyranny of the routine of a day job, or struggling to wear multiple hats in your business and life, you will often ask yourself these questions... How do I find the time? How do I find the wisdom to know what to do? How do I find people to trust to help you do it? And how do I even begin to know where to start? Well, this is where being part of a community is key. Tune in to find out the seven benefits of building wealth within a community as Kevin and Christian discuss the power of community, its value if all members abide by the right values and the impact that being in a community can make on your wealth building journey.
One of our biggest values here at WealthBuilders is community. For us, it’s all about sharing and supporting like-minded individuals who are on the same path.
If you are involved in the tyranny of the routine of a day job, or struggling to wear multiple hats in your business and life, you will often ask yourself these questions...
How do I find the time? How do I find the wisdom to know what to do? How do I find people to trust to help you do it? And how do I even begin to know where to start?
Well, this is where being part of a community is key.
Tune in to find out the seven benefits of building wealth within a community as Kevin and Christian discuss the power of community, its value if all members abide by the right values and the impact that being in a community can make on your wealth building journey.
Resources Mentioned In This Episode:
>> Become a part of the WealthBuilders Community
>> Network with like-minded individuals in our WealthBuilders Community Facebook Group
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR FREE RESOURCES ACCESS
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Unknown Speaker 0:01
The purpose of wealth talk is to educate, inform, and hopefully entertain you on the subject of building your wealth. Wealth builders recommends you should always take independent financial tax or legal advice before making any decisions around your finances.
Christian Rodwell 0:19
Welcome to Episode 169 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders. And I'm joined today by our founder, Mr. Kevin Whelan. Hello, Kevin.
Unknown Speaker 0:29
Hello, Chris. Good to be with you again. And you're looking this Dinkley bleary eyed after a birthday bash and a celebration for a man of such young age, y'all.
Christian Rodwell 0:41
That's it. I still know how to party. Yeah, yeah, had a good weekend. Thank you. Man. Back in the hot seat. Here we are once again, powering through. And we've got a fun episode today. Because obviously one of our biggest, you know, biggest values really at wealth builders is about sharing. It's about community. It's about supporting like minded people who are on the same path. And you know, we've got a big mission, Kevin, would probably good to reinforce that and share that again with everybody as to what really drives us with without, you know, mission every day at wealth builders.
Unknown Speaker 1:13
Yes. And I think our mission has been consistent and solid since episode one. Which was when Chris, when do we show episode one? When do we record that?
Christian Rodwell 1:23
That was around February 2019.
Unknown Speaker 1:28
Right, okay. Well, I'll tell you what I wish there was the sames solidarity in, in politics right now. I think. I think if anybody's out there who's a joiner, you know, or a cabinet maker, they definitely need some problems, because there's definitely a problem going on in the UK Government has a cabinet that's definitely broken. There's no shared values there. Is there really no pulling? But anyway, no political comment needed. But no, going back to Episode one and add reason to go revisit that because somebody reached out and it's really quite poignant. Chris, because somebody reached out to me on LinkedIn, and said, You know, I've been, I've been putting this off. This being, you know, being a grown up with money. I think she referred to it for years and years and years. And now I've finally, kind of got the reason to take action, which is the catalyst as we talk about it, you know, at some reason to overcome inertia. And for some people, that catalyst is strong, like mine was with the death of a father very young. But for others, it comes to them, you know, in an odd way. But anyway, I listened to Episode one again. And, and it just said, you know, we were on a mission. And so few people, despite the fact and you know, Chris, when I go on stage, often and talk and if I was in a room, say full of, let's say, was 1000 people. And then I said, Okay, hands up, everybody in the room? Who would like to be completely financially independent? How many hands do we gather 1000s.
Christian Rodwell 3:07
It's almost all of them apart from those few people who just never, ever get to put their hand up for anything.
Unknown Speaker 3:12
That's right. Get them to put their arms folded like that I'm getting, you're not getting me to participate. But but that's fine. You know, but But internally, everybody would want to be financially independent, there's no reason not to be.
Unknown Speaker 3:25
But only five in 100 Make it so you know, it's such a small number, that are willing to take the steps to make it and I think I want to re emphasise, then the value of community to help you take steps because the steps to build financial independence. For many people, if you think about what what kind of people do whether they're involved in the tyranny of the routine of the day job, or the routine of being in business, the, the doing this of being in business, and then multiple hats that business owners often wear, and everybody's time poor. They're the key challenges. How do you find the time? Number one? How do you find the wisdom to know what to do? How do you find people to trust to help you do it? And how do you even begin to know where to start? And we know that the wealth building process is a series of very small actions. Not very large ones taken in one go. So it's almost like a monthly, teeny, tiny 1% You know, teeny tiny 1% teeny, tiny 1% And it's building layers upon layers of actions that are needed and that when people don't start, that's the killer. So when really listened to Episode One, and our vision Chris, which was kind of coined to get 50,000 people on track, to become financially independent, what I mean by on track act, I've been following a plan, doing something consistently, and building confidence to know that financial independence is assured. And we often see that don't we, as our members go through the academy process, the language they use, once they've got it is confident, I'm confident now, I will achieve financial independence. Whereas at the beginning, they were not confident at all. And you don't have to be a member of the wealth builders Academy, you don't have to be a full paying member. We're not about trying to just encourage people to commercially engage with us. You can participate with us on the outside gardener, you can join our free Facebook group, you can join our community. And that's what I wanted to share, Chris today is the power of community, the value of community and the impact on you, that being in a community makes because all too often. And so And very often, Chris in different ways people say to me, I mean, at the bottom, when this lady was saying, I've been putting it off for years, you know, I didn't know where to start or who to help who didn't help me. And recently, I was talking to one of our members and Academy, Chris, who's a very renowned doctor, and looking to get involved in business, and it's not his natural skill set. And saying, when it comes to business, I feel alone. Do you know what I mean? It's like when you feel isolated, when you feel alone, when you don't have a sounding board, whether you don't have an environment of trust, it's all too easy to get overwhelmed by the news, particularly right now. To be blown over. By there's just too many things to think about. And maybe even inside a family, the support environment of a family may not be conducive, we see that with wealth dynamics, sometimes people in families not actually pulling together but pulling themselves apart. So Chris, I wanted to take this episode to talk about the seven values of being in a community. And to hope that whether paid for or not, that's not our objective, just join the community. And the community of wealth builders is built upon a number of shared values. And that to me, Chris is number one. So not just number one out of seven. But number one, you need to have an established set of values, which are unimpeachable. They permeate through the very fabric of the community. And we don't tolerate a breach of those conditions. Now, of course, you can post a link on YouTube, the Declaration of Independence, or as we call it, the new Declaration of Independence that our members sign. But I'd like to almost make out a clarion call to action, Chris, loud and clear now. shout it from the windy rooftops that we have right now is please download the declaration, sign the Declaration, which basically says you're committed to your own financial independence. And you will commit to some values like education, like sharing, like humility, like building knowledge, like sharing knowledge with the next generation as well as others, there's a whole raft of those that I won't go into. But that's the little stick of Blackpool rock that is well built, as you know, you cut it and it's right the way through. And then if you resonate with those values, whether you pay us or you don't pay us, I'm not worried about that. Get on the journey, join the community be part of our 50,000. Now, of course, if we if we can help you accelerate that, for most people in our programme, Chris, the journey to financial independence is between three and seven years. Most people don't make it at all. So if the community can just help you make a little bit towards that might take you 10 or 15 years, that's fine. But if you want to accelerate it, then there's a reason to be inside the community. But for now, just join in. So Chris, please can you post the link inside the podcast and wherever we have an almost reached out again, to ask people to sign that declaration and make a public declaration, which is really important when it comes to one of the other steps are one of the other key parts of being in a community, which is accountability and what I guess we'll get to that in due course.
Christian Rodwell 9:57
Yes, we will. So if you're listening you're not already a member of wealth builders and free member is really easy to join. So just head to wealth builders.co.uk forward slash membership. And you'll get access to video resources from Kevin and myself which go through the principles of the wealth building process. There's some information in there which you can download some ebooks, some information, you can watch some information you can listen to. So however you like to learn, we've catered for styles in there. So that's wealth builders.co.uk, forward slash membership. That's the first step. And of course, we've got our wealth builders, Facebook community as well. So do join us in there.
Unknown Speaker 10:37
Yeah. So should we crack on? So I've got a shirt? And you know, like my seven stress?
Christian Rodwell 10:42
Yeah, let's go into number two.
Unknown Speaker 10:44
I don't think we've shoehorned this, I think we've done an elegant job here. Number two is shared knowledge. So it's all about sharing. And, and it's not just, and the purpose is to give you an outcome, it's not just sharing for sharing sake. It's an outcome and the knowledge and the experience of others means that they can share that with you in a way that isn't just like academic experience, you know, you can read a book, you can go on a webinar. And obviously, there are dangers out there on there in terms of education that's leading to courses that lead to more education that lead to more courses. And we always counsel caution in that regard, what we want is you to be able to take some action. So given that there are only seven ways to build wealth, and there are seven pillars, you know, our home capacity, our pension, our investments, our portfolio of property, or business or intellectual property and our joint ventures, they're the the seven, and they're probably well known by now to our to our listenership. But the point is, there's a multitude of different strategies within each of those different broad pillars. And I don't think now, Chris, the number of years we're doing it, we've seen anything new for quite a while, which means whatever you want to learn, somebody else is already doing it. And the community is about connecting with others. And with that, visualisation that I've often talked about criss crossing a traverse or crossing a bridge, where you are crossing everybody's crossing towards financial independence. And as the cross and as you cross, you have the humility to reach out to ask for help. But you have the shared values principle, absorbed in your DNA now that you're willing and want to help somebody else who's further behind you. And that principle means there is no selfishness. The whole idea behind wealth builders is a selfless way of helping people build wealth. So you will see that from our Trustpilot reviews, people talk about the community aspect of it all the time. And it's not about well, we're trying to get people to buy more things in the community, we want the community to help each other right. So that shared knowledge, that shared experience leads Chris to a better outcome. And, and a more confident wealth builder, transitioning from being financially insecure, or financially secure towards financial independence and beyond that.
Christian Rodwell 13:34
Every good. I like that one. Okay, so our third benefit of building wealth within the community.
Unknown Speaker 13:42
Yeah, I think the third one is not just the knowledge, but the nuances. Okay. So we talk a lot in wealth builders about opportunity and being proactive, not reactive. So when the economic wind is blowing as hard as it is, is so tempting, isn't it to simply, you know, to get out of the way of it into what's the language we're hearing at the moment everywhere on the news, tighten your belt, batten down the hatches, hunker down, whatever it is, you know, get out of the way, and stay quiet, we don't want to do that we want proactivity. Now, when you're getting involved in productivity, then you need distinctions, distinctions or differences, small points of difference that can help you determine the narrowness and the effectiveness of your own ability inside a niche. And I believe wealth is created in niches is not created in, in following markets. I don't think anybody can seriously build their wealth in the stock market unless you're creating your own shares. So you can't build wealth from there. You can protect it, you can diversify, but you cannot be wealthy by investing in stock market. You have to get involved. And what I love about distinctions, Chris is the ability for different people with Different wealth dynamics and we know wealth dynamics, such an important tool. Again, I think you signposted that and quite regularly, that if you don't know your wealth dynamic, you should know that because it helps you determine who you are, and how best you can interact with people. It's quite scientific. So follow the science. Yes, wealth is a combination of science and artistry course it is. But the science is the wealth dynamics and the artistry is the application of other people applying their knowledge in little distinct differences, that you can then go, wow, I never even thought of that. And that's where you can get kind of inspiration from other people. And that's why we love sharing, don't we on podcasts, not just case studies, but just the way people are just so outstanding, and what they do, and find little ways to, to cut and sharpen their diamonds. So it glows for everybody else to see. And they're willing to share that and show that inside the community. So number three, Chris distinctions.
Christian Rodwell 16:07
Okay, I like that. All right. So number four, I know this one, because when our members join us, we send out a big wealth chart and the wealth charts available, you know, anyone can can get a copy of that or see that that's on our website. We love that because you're able to track your progress. But on the wealth chart, we've got the seven pillars, we've got the wheel of wealth, we've got debits, we've got roof. So all of these names, right? These acronyms are something that are known within our community. And this is a key part as well, isn't it?
Unknown Speaker 16:39
Yeah, so number four, language, common language, you know, when it's an interesting thing, Chris. And it's sometimes challenging for very successful people, because they take for granted their successes, either in their ability to earn income, or their ability to make profit in a business. But all around them, you know, language of commonality, is drifting in their life. And they take it for granted. Okay, everything you do, there's language, there's abbreviations, there's, there's ways of talking that only, you know, but you get so used to them, you abbreviate everything. And we're all about that too. But we tend to use acronyms or on I tend to try and find them, don't I make, make up the acronyms and to help us teach it, but but the principles are, that when you're building your wealth, and you're learning new distinctions, you're learning new knowledge, you're gonna learn new language. And one of the common binding principles of a community is shared language. So we want people and I'll often and it's to feel sometimes Chris, I'm a bit like a headmaster in school. And meet people met one of our students recently, Chris at a wonderful community gathering actually, it was, it was quite inspiring, actually, in the northeast, when I was up there, just just a few weeks ago, and I bumped into there were two of our members there, but I was talking to one of them. And she kind of looked at me and I said, could you just remind me of the seven pillars, please. And she got six out of seven, which wasn't too bad, right? I was really very pleased that not for my own ego sake, but if people can start to recall what the pillars are, and you can see that picture behind you, Chris, with the seven pillars and, and the roof perched on top of that, and the foundation underneath it, which includes of course, debits, which we've been running as a challenge to help build, I suppose shared experiences and those distinctions inside the community on debt education, bills, insurance, tax and stock market fees, ways you can you can save money, find money, make money and compound money very, very easily and very quickly. And usually, things you don't think of, again, those distinctions. Anyway, the point of the language courses, you're going to learn new language and you have to accept it. And don't feel negative about it. feel pleased that you've learned some new words, and some new language because whatever strategy that you engage in, whether it's the stock market, whether it's property, business, intellectual property or joint ventures, you're going to learn new words. So it's almost like get a book. Keep a diary. Have a journal, that log almost like you did when you were doing French or Spanish at school or college. You've got a vocabulary book, start to know the new words. And if you get any words you don't know, jot them down and look them up and start to build your financial intelligence, not just for you, but for the sake of the next generation as well because they're going to hear these words too. And if you don't know them, you can't teach it. So, absorb the language. Learn definitely the seven pillars, if you can, the different levels of wealth, you know, some of the basic principles learn what a roof is, how to protect yourself and your family, or learn what debits are, you try if you can, to copy our language, but if you learn new language from other groups, you know, participate in that and, and enjoy the community of others as well as wealth builders. So number four, Chris language.
Christian Rodwell 20:33
Okay, good on fire. So let's just recap then. So number one, we had shared values, obviously talking about the declaration there, number two was shared value of the knowledge education, number three distinctions. And then we've just had shared language number four. So I think that's a good point for us to take a breath, and head over to Trustpilot. Because I forgot last week, though, so let's, let's catch up. And actually, we have had one in from one of our members. And, yeah, it's Ben. So Ben is saying, I'm still a fairly new member of wealth builders. But as soon as I joined, I could immediately see the value of being part of this trusted community. And I swear, I didn't put this on purpose. This just happens to be the lights on coming in. So the amazing podcasts they have created, really opened my eyes to the power of relationships and personal branding, I look forward to amending my Trustpilot review in the years to come where I have hit my financial independence target, and will be deeply thanking everyone at wealth builders.
Unknown Speaker 21:38
Well, I hope so too. Because you see, if you think about it, just think about this for a minute. Chris, right. There's always going to be naysayers. There's always going to be people who don't believe you know, it's you know, is what Bill is a cult is well, builders, you know, saying one thing, but but doing the other is just not true. It's just not true. So if you think about the value, that let's say, Chris, we work with someone, it's it takes them five years, to become financially independent. And we've created the infrastructure to make that happen. And of course, we don't do the work the work of building wealth, it's always your work. But let's say it takes you five years to do it. And let's say you joined a community in the first year, you're, you know, you are immersed in it, as we always want people to do in year one. And let's say they paid, you know, 3000 pounds, and then they paid for four more years. 1500 pounds, right? So 6000 plus three 9000. Chris, would you pay 9000 pounds, to be financially independent for the rest of your life? Show it. I mean, it's not high price to pay, and some people don't stay with us that long, you know, they'll immerse in year one, and then they'll feel confident they don't need to join us so. So the value that we get is tiny in proportion to the value our members get. And I just want to reinforce that, that we're not just we're not doing something that's just about commercials here, that I feel passionate about that, having created wealth on my own, but it took me 15 years I've mentioned this before, there was no community, there was no guidance, there was no shared language, how to create a language. And now I'm so pleased and proud, Chris, that you and other chi quality people are joining wealth builders to help us get this message out because we want 50,000 people to be on that track to be financially independent. Now. You know, that's still a business for us, but it's not. It's tiny in proportion to the value we want to bring. So anyway, do you are now number five? Chris?
Christian Rodwell 23:43
Yes, please. I think this is an important one.
Unknown Speaker 23:45
Yeah. countability. So I've heard all the excuses under the sun. Yeah, the economy's not right. COVID I'm just coming out of COVID. There's all sorts of reasons people will give not to take the right action. And I understand that and our job is not to poopoo that. But it's to say you know, you have to take the action, but it's better inside the community of supported and supporting people to feel the level of accountability, not just you got your watch are not just looking for an accountability buddy or an accountability partner, your coach, turning up for opportunities both on the masterminds on a monthly basis or events that we arrange, people will do more, to hold themselves accountable to somebody else than they will often do for themselves. So often let themselves slide we know this is true in aspects of health, aspects of wealth, in fact, all aspects where it takes commitment, and I think the accountability of of a community holding you to account is a very, very strong and powerful driver, towards helping people achieve what they want. I mean, you know, I don't want to draw parallels too much. But you know, there are so many other business models out there, you know, which focus on say health and weight and so on. And that accountability is an important part of that. And I think it's best not to decay, it's best to be accountable. Because accountability will mean, you're just taking small steps, you're just taking a small step. It's not like being at school, you know, when you told off, for not doing your homework. It's your work. So if you need to take a month off, or two months off, or three months off, or go on a sabbatical for a year, it doesn't matter. You know what you're doing. But when you come back, and you're saying this month, I'm going to hold myself accountable to get this done? What is the thing you need to get done? Well, it will be obvious inside the community, what's the first thing you should do? Because we have a plan, and somebody will work with you on the plan to say, right, the first thing you need to do is, right, let's get that done. Second thing you need to do is and I suppose Chris, the one that's often overlooked, ignored and pushed to the back is the roof. So many people avoid taking care of their family, not because they don't want to take care of their families. So they don't want to do the work, of thinking about the will, thinking about powers of attorney or knowing where to start. And the fact that we're so focused on that. So in right, we're getting your roof done. We're getting your family watertight, do you agree to do it? Yes, I do. Let's get it done. And you can pretty much do anything that is foundational, whether it's debits or whether it's the roof, you know, the top and tail of the wealth building process, you can do pretty much any single thing in 30 days, which is why we have the mantra never let 30 Days go by without doing something positive, towards building your wealth, whether that's learning something, or doing something. But in the end that doing this is the key. And doing means being accountable to yourself, to your partner, and to somebody else in a community can be a healthy level of support. Not critical support. But but warm, and encouraging support. So number of accountability.
Christian Rodwell 27:26
Yeah. And we've talked about a plan. We've talked about processes. And we have a nine step recurring revenue roadmap, don't we we know that is the step by step process that everybody has to move, to go from financial insecurity to security to independence. So each of these things we're talking about are just steps on that process, which which we know very well.
Unknown Speaker 27:48
Yeah. And you know, we know it works, it doesn't not work, it works. So if you can follow a path that's already well trodden, why would you try and create your own I mean, it's suck, you're always going to be pulling yourself apart, if you're going against something that doesn't work, or you think it might work. But actually just having somebody to help you understand where you are, it gives you a sense of perspective, you know, because like any GPS, you can imagine the invention of GPS, but the GPS was just maps. But before GPS was maps, what's the difference between a map and GPS? Well, you know where you are, so where you know where you are, and you know where you want to go, the GPS will get you there. And that's what wealth builders does. But you've got to know where you are. So where you are, is you got to know where your finances throughout what your wealth dynamic is, you know, what kind of areas of interest you have, you know, we do this question another acronym called First, you know, your five forms of leverage. Hi, another one. And remember, we're constantly building the language so that the principles will work for anybody. And I don't think I've seen anything now. I've been doing this for 30 years, Chris. Now, probably teaching it well, whatever. More than 15. Now, since 2008. Just about then, as when that was the big issue for me, wasn't it just realising traditional financial models were broken? Because everything crashed in 2008. It's now 2000, and almost 2023, so 15 years, and I think we've covered pretty much nine tenths or even 95% of wealth building activities. We know. There'll be some things we don't know. And that's, you know, that's going to come out of course, that's going to come out with NF T's and new technology and all sorts of things, but the principles will stay the same. And I think we've got those principles nailed Chris. So anyway, number six.
Christian Rodwell 29:54
Yes. Well, you just mentioned Step Five in roadmap was leverage FY RS T and the T stands for
Unknown Speaker 30:01
it stands for time. See, everybody we talked about at the beginning, the biggest excuse we get, don't have time. Now, I asked you earlier on, in what you're, you know, engaging audience Chris, you know, you're still pigeon in the audience on you. Would you like to be financially independent? Would you pay for it? Yes, you would. But everybody wants to be financially independent. But the thing they won't do is give it time. And I think if that's the excuse, we get more than anything else, life's getting in the way, well, that's fine. I don't have a problem with that. But we know that it takes say an average of three to seven years for qualified. But five years of time is 60 months, right? You can make 60 decisions, one decision among then that will propel you towards financial independence, so everybody can find some time. But the combination of all these things these these ideas I'm sharing today, Chris, on community all Interlachen interlac interlock. And they kinda like a Venn diagram. They're all working with each other. And what they'll do is will shortcut your time. So for if you if you do do something on your own, took me 15 years, I can teach you now and drive. Why wouldn't you take the intellectual shortcuts? Why wouldn't you make the distinctions to help you short circuit to time, so you can get to where you want to get to faster, safer, and absolute Absolutely. More enjoyably? We didn't put that one in the seven. But I'm sure we would wrap that round the outside and say, this is an enjoyable process. It's not a difficult process. Yes, there are some challenges, but it's not difficult or lacking enjoyment. I mean, you see that in the reviews, Chris, people are having fun doing this. And so wealth building should be. Because if you're having fun building your wealth, that's going to traverse the next generation as they are sponge, like, they'll get to see that you're enjoying your own journey. And they want to be part of that journey. Because that's what kids do. Kids of all ages, by the way, you know, want to see that you're enjoying your life. And that time leverage is not just a bridge for you to get there faster. But it's also a bridge to help your own children get there faster, as well, because one of the values in the Declaration of Independence, the new Declaration of Independence, is building the wisdom for the sustainability of the wealth of the next generation. So this is time travel, Chris, is time travel to the future, to help the next generation become wealthy, both in in mind and in spirit, so that they become a baton holder, you pass the baton on to them, and they take the same values that you've been sharing with them. And they carry on to the next generation, and they carry on to the next generation. And that's that's the whole idea behind wealth builders is intergenerational stuff. And it starts with you giving some time, and the community will help you either commit to that time, or will help you make the most of what little time that we all know that you have. So number six, Chris time can't live anyway.
Christian Rodwell 33:15
Okay, so number seven, and I think we probably could wrap enjoyment up into seven,
Unknown Speaker 33:20
you could and I think that's probably a byproduct. I think that's something that envelops everything. But I think the tangible outcome, because more difficult to measure, the intangibility of enjoying it is a few started number one with shared values. And number seven is shared value. Now what do I mean by the difference? Well, the difference Chris, is you have kind of shared on many, many occasions is that people inside the community will often create value for other members within the community. Whether that value is a shared business idea, whether it's a shared property project, whether it's being buddies on a journey together, you know, so one person is looking at property, somebody else is looking somewhere else. It's not just about property, of course, all the assets, you can you can get and bring a value financial value to others, on the journeys in the community value is is
Unknown Speaker 34:28
is incredibly powerful because so many of the businesses that we've seen burst through the wealth builders channel have been born out of two people connecting with each other in the consulting community. And we've seen countless numbers of those. So and we see that all the time. Now unless you're in a community where the trust is already assumed a safe harbour. Nobody's trying to take advantage you know, those values are embedded in everybody. There and you've got more opportunity for that to happen. And I think that's a very, very brilliant thing to see. And I love it when I when I hear two members getting together to create a business, because it's a powerful thing, whether it's a property business, a normal business, but writing IP, you know, whatever they're doing, there's the shared value that comes from being inside a community that you wouldn't get on your own. I mean, we're, we're, we're often shocked on we by the employed people who join us, and they kind of look around and go, why have people been so sharing? I'm not used to this, you know, it's like an unusual feeling, isn't it. And for the business owners, often the business owners who are the owners of businesses are the decision makers, and they're not sharing with the people that say who they're employed, because they're thinking about their own business and their own exit and profit, which is not always a feature of being an employee, and they don't have a community, you know, so to business owners being in a community of other business owners, other entrepreneurs, which we all are. And we said many times that you have to be an entrepreneur, at least in mind, to be wealthy, because you have to be finding value seeking value creating value. And you do that with a combination of all of these things that I shared with you today, Chris. So I think it's been a really useful exercise for me, to remind myself, of the values that are created inside the community and whether you build, in fact, you know, let's widen it just for a moment, Chris, because I'm just about this week, in fact, as we're recording this to go on a podcast, as a guest, as I often do with one of our wealth builders, friends of wealth builders, a guy called Daniel Hill, and he's guested on our podcast before. And I'm sure you could signpost that, Chris, where Dan Hill, you know, gave Vince best to help make distinctions and differences to wealth builder members. And he's written a new book. And, you know, I was just kind of diving into what was the purpose of the book, it's got a very unusual title. And it made me think, and it's called karma credits. And it's kind of it's, it's an unusual one, because it's not linked to the idea of, you need to do something, necessarily in person. Right. So the in person relationship we're talking about in wealth builders, is there's another comeback common credits a minute, but the principle of working with people is something that we like, which is the Stephen Covey's language called the emotional bank account. And by the way, absorb anybody's language I'm shameless, I don't mind I'll always give the credit to the owner of the language, because I think that's important for IP purposes. But Stephen Covey no longer with us. Sadly, the author of seven habits of highly effective people also had this concept called the emotional bank account, where in life when you're building relationships with people, you're either making a deposit Chris or making withdraw. And the idea is to keep making deposits with people, then you've got that relationship on which you can bank and we've all met people who are takers. But I think the principle behind wealth building and the emotional bank account is be a giver. So to keep making deposits, now, that's one to one and, you know, kind of keep a constant measure on that, at least in principle, you can't measure it, actually, but you can feel it. But the karma credits, which is interesting, which is more about just giving things out to the world, you know, just doing things that are selfless. And that's a very unusual thing in the context of a successful business person, just to be talking about that. And so I don't know sort of dived in a little bit more to what he meant by that. And I would encourage people to check that out, you know, because karma credits, giving things out to the world just being nice. And doing things selflessly not to measure not because you've got the relationship it's precisely because you don't have the relationship you just want to do good things in the world and I was testing it out just the other day and I was on a dog walk and I thought well, I'll you know, I'm listening to him on the podcast, or listen to other people's podcasts when I'm walking the dog and I just started to engage with people more instead of being because you love we talked about leverage of time so I have my headphones on on my
Unknown Speaker 39:39
earbuds or whatever you call them these days. And and I don't have the big ones because I need to be kind of susceptible or for the noise for the dog and so on. Anyway, and I just started bumping into people and stopping taking them out and talking and engaging, just wanting to do that. Just a little test and You know, it was fascinating. Even when I went in for a cup of coffee at the end of the walk, and I was talking to the owner of the coffee shop, and I never spoke to him before because I was gonna just cappuccino outside. I'm with a dog and, and you know, so I took them out and cappuccino. And he said, what's the name of your dog? And I said, Alan, named after Alan Shearer. I said, Oh, yeah, that's interesting. He said, Oh, I'm Michael. And I'm Kevin. And then a couple of minutes later, he brought out treats for the dog, you know, and I never really engaged with them before. So it was a tiny little thing. The Karma credits was just, it's like an extension of community, isn't it? It's I be a nice person in life when nobody's looking. And that would stand us in good stead as well. So anyway, it's up not apropos of the seven reasons. But I think it just all part of this whole selflessness approach for us, that we want to let people know is indelible as far as wealth builders are concerned, and join us because you know, you'll, you'll find that and I hope you'll find your wealth building experience, all the more enjoyable as we wrap it all up, Chris. Because it's a tough journey. To become financially independent is not easy. We make it sound easy, but it isn't. You've got to do some hard work. And the more you can put good things around you to make that hard work easier, then the better it is. So there we go, Chris, the seven values, karma credits and the emotional bank account, what a session Hope you enjoy.
Christian Rodwell 41:32
That's fine. It's all about just taking that first step. So take that first step sign the Declaration, can head to wealth builders.co.uk forward slash declaration, download a copy, see pictures of our community members sharing theirs. And, yeah, feel free to post that in the Facebook group. You know, let us know who you are, where you're from, and let's start building that 50,000 together, Kevin, it's very, very exciting. Yeah. All right. Good. Okay. Really enjoyed that. So thanks for listening, as always, and if you enjoyed this episode, please do share it with a friend. And Kevin, you and I will be back Same time, same place next week.
Unknown Speaker 42:10
We will indeed and until then, my friend. So yeah.
Unknown Speaker 42:16
We hope you enjoy today's episode. Don't forget that we are constantly updating our resources inside a wealth builders membership site to help you create, build and protect your wealth. Head over to wealth builders.co.uk/membership right now for free access. That's wealth builders.co.uk/membership
Transcribed by https://otter.ai