This week on the WealthTalk podcast, Christian and Kevin dive deep into the key elements that pave the way for financial security and a fulfilling, longer life. Join us as we unveil the updated Wheel of Wealth, a dynamic tool that steers individuals towards financial security and then independence. Tune in to find out the 7 components that make up the brand-new Wheel of Wealth, the importance of turning one wheel at a time and how following the proven process can help you achieve financial security and independence faster.
This week on the WealthTalk podcast, Christian and Kevin dive deep into the key elements that pave the way for financial security and a fulfilling, longer life.
Join us as we unveil the updated Wheel of Wealth, a dynamic tool that steers individuals towards financial security and then independence.
Tune in to find out the 7 components that make up the brand-new Wheel of Wealth, the importance of turning one wheel at a time and how following the proven process can help you achieve financial security and independence faster.
Resources In This Episode:
>> Updated Wheel of Wealth [Download]
>> Achieve Financial Security by 2026: Your Action Plan [Register Now]
>> Petition: Make Financial Education Compulsory In All Schools From Primary Age
Next Steps On Your Wealth Building Journey:
>> Join the WealthBuilders Facebook Community
>> Become a member of WealthBuilders
If you have been enjoying listening to WealthTalk - Please Leave Us A Review!
Christian Rodwell (00:01.562)
Welcome to episode 226 of Wealth Talk. My name's Christian Rodwell, the Memchip Director for Wealth Builders. Joined today by our founder, Mr. Kevin Whelan. Hi, Kevin.
Kevin Whelan (00:09.854)
Hi Chris, good to be with you again.
Christian Rodwell (00:11.566)
Yeah, here we are rolling into the new year swiftly, and we've got an exciting event coming up next week, actually, on Tuesday the 23rd, so we want to let you know all about it. Uh-huh, no it's not. Yeah, I am now wearing glasses as of 24, so eyesight is diminishing, unfortunately, in my old age.
Kevin Whelan (00:21.938)
Is that the launch of your glasses?
Kevin Whelan (00:35.042)
Well, you know, you can expect to live to a hundred Chris, you know, and that that's an interesting one, isn't it? Because we've talked about this before. Joking aside that as people live a much longer and hopefully a much healthier life and a loss of eyesight isn't necessarily anything other than what's normal, the presbyopia that sets in when you get in your forties. I don't know what happens when you get a lot later than that. But you know, that's me.
Christian Rodwell (00:37.938)
Well, yeah.
Kevin Whelan (01:04.102)
And fueling a life that is long lived is such a critical skill that we first of all need to master for ourselves, even if we don't live to 100. But it's our children are going to live to 100, isn't it? On average now. So we really need to master some of these skills. So we've been taking quite a bit of time to upgrade and update some of our thinking to reflect that and to make some changes.
in what we're doing. So we want to bring those changes as powerful as they are to make things more affordable, more accessible. And ultimately, I'm hoping Chris, an absolute no brainer. So a triple A, you know, affordable, accessible, and an absolute no brainer for people to take the small steps they need to create financial security and then onwards and upwards to financial independence. And we know so few people.
reach financial independence, almost like being a centenary and so few people reach 100 these days, but that's getting closer and closer and more and more and more and more. So I think we wanna try and help more people reach financial independence and not just 5%. So we're starting with security this year, which is a big focus for us, isn't it? To not have people feel overwhelmed by the magnitude of the difference from where they are now to a life that is beautifully led with everything in their life.
but security where the expenses of normal daily life to a reasonable level, almost for most people you've got to wait 40, 50 years to do that in a conventional pension. How you can do that in maybe even 24 to 36 months. So big focus on that. Anyway, I'm stealing your thunder Chris. You wanted to announce something.
Christian Rodwell (02:53.214)
That's okay. Well, if you want to find out more about how you can achieve financial security in the next two to three years, so just, you know, 2026, if you start now, you take one action every month. That's all we ask, isn't it Kevin? One action a month, you can be financially secure by 2026. And we know that for a fact.
Kevin Whelan (03:02.475)
Yeah?
Kevin Whelan (03:12.682)
Yes, and it's the, I think the reason we're changing focus to do one thing, you know, because anybody can do one thing. Everybody tells us time is busy, you know, the work is busy, business is busy, family is busy, everybody's busy. But if you stay busy, you'll be working for a very, very long time and never really reach security, yet just doing a few things.
I know we say one thing, one thing will compound upon itself. And doing one thing a month, anybody could do that, right? There isn't anybody who couldn't do one thing. I mean, one thing, you know, you could do that. The thing is doing the right thing. And that's what we hope to share to help you make distinctions enough to do the right thing for you. What's the one thing for you? Because if you just do the one thing, get pulled apart in different directions from...
different ideas that maybe don't make sense in your circumstances, we can identify that and we can help you kind of focus on the right thing. So do one thing, but do the right thing. And we've created a whole process for this, Chris, to help people focus on the right thing based on the nine step roadmap.
Christian Rodwell (04:29.462)
have indeed and we'll be sharing that roadmap live next Tuesday, the 23rd of January in a webinar titled Achieve Financial Security by 2026, your action plan. We will be showing you the steps that you can take to achieve that for yourself. And it doesn't matter what stage you're at, whether you're right at the beginning, you're just curious, or you're already financially secure, you wanting to now move towards independence, we have got support and education to help you. So wherever you're at.
do register for that webinar. Head to weal You'll see a big banner at the top of the website and just click to register and we'll see you there. We're doing two sessions, a lunchtime session and an evening session. So you can pick the one that suits you best. Sure is.
Kevin Whelan (05:11.498)
Yeah, because life is busy, Chris. So, you know, we need to be accessible. And we're trying so hard to be accessible this year, not just in terms of pricing and times of day, but also really trying to get out in the world this year, lots and lots of meetings and lots and lots of places. So we can genuinely build that community of people who are doing good work and enjoying it, Chris, because, you know, the whole process, I think...
for me is if you're working and involved in a community rather than DIY, then the journey, which is always a journey, is a bridge to a gap between where you are now, where you want to be, whatever those numbers are, the numbers are not critical at all. It's faster, it's safer and it's fundamentally more enjoyable if you do it in company. You know, it's no fun on your own. Well, I don't think it's fun on your own.
crumbs, you know, you just like imagine going on holiday and having wonderful food, wonderful wine. It's not the same without wonderful company, you know, you I believe that. So that's what Well Build is about. It's about that. It's about connecting. And we're going to bring a whole raft of new ideas on how to make connecting more fun, more engaging and the use of technology and more of that incoming podcast as well.
Christian Rodwell (06:37.502)
Absolutely. Now we're both big fans, personal development of ongoing education. Tony Robbins is a name I'm sure everybody's heard of. He talks about, if you want to be successful, model the success of others, those who've already walked the path ahead. And we know we've helped hundreds of people to move from financial insecurity to security. And there's a process, and we've been teaching this for many years, Kevin. And a key part of the wealth building process is a piece of IP, which you created many moons ago, called the Wheel.
Kevin Whelan (06:48.896)
Yes, he does.
Christian Rodwell (07:06.69)
of wealth and Kev, can you remember back to episode nine in 2019? That was when we actually first talked about the wheel of wealth on the wealth talk whole past. Yeah.
Kevin Whelan (07:15.362)
Did we really? My goodness me. Well, the you know, the brain was obviously agile then right in 2019. And the Wheel of Wealth and incredible not the wheeling of wealth, but the Wheel of Wealth, which at that stage was a five step process, which we've upgraded now to reflect a more challenging and a more complex life. But the whole principle of a process to follow.
Christian Rodwell (07:21.694)
I'm going to go.
Kevin Whelan (07:42.198)
which, you know, go back and listen to episode, whatever you said it was there, nine, nine. But, you know, today we'll share with you the upgraded version and I suppose, Chris, you can even now with the world of technology and the green screens we've got behind us and share screens that you can tap into, we could probably show what the Wheel of Wealth is. We know.
Christian Rodwell (07:45.79)
Number nine, number nine.
Christian Rodwell (08:03.578)
Yeah, yeah, let me pop it up on screen. So if you are listening to this episode, then you can go to our YouTube channel or our Facebook group and you can watch the video I'm sharing on screen now, the brand new updated Wheel of Wealth. And we'll link to this as well. So if you'd like to download a PDF copy of this, then go to the show notes for today and the URL wealthbuilders.co.uk forward slash two two.
six and you'll be able to download a copy of the Wheel of Wealth yourself. So Kevin, let's just summary summarize what the Wheel of Wealth used to consist of. Five steps and do you would you like to just run through what those five were?
Kevin Whelan (08:45.826)
Well, it's probably easier Chris, if I just do the one that we've got and say why I've added the new ones, to be honest with you, because the fundamentals are the same and I just find myself repeating. But I think the big changes, the first one is at the very core, so at the center there of the picture. So if you're imagining, if you listen to this, just a circle, right, a wheel or a cog, imagine a cog. And imagine that the cog is engaged on a crankshaft, let's say.
and you've got the wheel on the crankshaft, and what you're trying to do is turn that wheel. And you need to turn that wheel, or turn that cog, or turn that gear, whatever works for you, 360 degrees from the start all the way around to the end. And then when you follow that process of going all the way around, you can almost feel or hear a click.
You know, and that click, once you conclude it satisfactorily and not cheat it. So we say in wealth builders Chris, don't we don't cheat the wheel, follow the wheel. And if you follow the process and we'll cover what those steps are in a moment, you should be able to generate on that click, a flow of cash. In other words, something that's adding to your
security number, a stream of recurring income, or a flow of capital, a lump sum, a capital flow that you can then use to either plant another seed and another asset, carry on the journey of building the asset you're building, or alternatively use that to pay something down like a debt or something that is seeing money leaking out of your life.
So a flow of cash or a flow of capital. Now usually it's one or the other, sometimes can be both, but either way, you start the process with thinking, right, what's my outcome? Is it a flow of cash or a flow of capital? Now follow the process. And the start of the process always, and what isn't changed, Chris, is education.
Kevin Whelan (11:08.502)
because education is a precursor to all good work. And when you think about it, just from a philosophical point of view, everything good in the world is created twice. First in your head, and then secondly by action. And what gets in your head is your education, isn't it? And you and I, Chris, as you said a moment ago, both keen followers of others who share and inspire, and getting that education.
is a mindset thing that opens up your mind to receive more, that we should be lifelong learners, not just learners in school. Mind you, we've been on that, beaten that drum quite a few times. They don't teach finance in school. And I'm hoping that the petition is getting up, that we've mentioned a few times, Chris, maybe always put a little link in again to the petition to try and get those 10,000 signatures. But I'm digressing, but education, not just academic education.
Christian Rodwell (11:49.012)
Thank you.
Kevin Whelan (12:07.958)
but education in terms of mindset and education, in terms of what can you do and what are the different assets that you can use to build your wealth. Now, we've got education, of course, and we're very strong believers in our own, but we also curate other people's education. So there are some great educators out there that we resonate with. So if you stay open to receiving education and get education in the direction you want to turn the wheel.
So if you want to turn the wheel to build a stock market portfolio, there's no reason to, to fill yourself with education about something completely different. Now, so the purpose of the wheel then is to be focused, it's not to be dissipated. It's to be completely focused. So whatever education it is, that's what you go for.
Christian Rodwell (12:53.536)
And just, yeah, yeah. I was just going to say, Kevin, and education can come either in free format, such as podcasts, books, videos, or some people who want to dive a little bit deeper will be, you know, prepared to pay for a course or a, you know, a one day event or some kind of training. So either way is fine.
Kevin Whelan (13:13.77)
Yes, and in WellBuilders, we show you ways that you can participate in that sort of immersive education, either free or a fraction of the cost by sharing it with somebody else, because often courses are for two people, or use your pension or other assets to pay for it. So you plant the seed and then use the fruit from that seed to pay for your education. So education is an investment, it's not a cost. So but it's the first step in the wheel, it always has been.
So that hasn't changed, Chris. The second step is, you know, you talked about modeling and the purpose of modeling is to follow a plan that's already been successfully followed. So we believe the second step then is support. So the first step, step one, education, second step, support. Now we're turning the wheel now. So if you're again, if you're just visualizing this, we're going from say, you know, 12 o'clock or one o'clock to two o'clock. So we're just rotating.
ourselves around the wheel making sure yep we've got the right education okay we found a trusted source and then we're getting some support normally and that can be online support it could be verbal support coaching support we'll come on to coaching later but you're getting some support that helps you stay focused on the education where whenever you start an educational process if it's if it's helpful to you're going to ask questions so you want to be in a place where you can
not just have your questions asked, but you can also get them answered. So that, again, that keeps you going. You don't get stuck overthinking things often. So getting support, and certainly within Wellbuilders, we believe in that in all sorts of ways. Chris Justice Education is online, offline, live, face to face, all sorts of different ways. So finding a trusted place. And what I mean by a trusted place.
where you feel deep down, it isn't something you can tick a box. It's something that's inside of you that says, Hey, I feel the integrity of this support. I feel that they're about helping me achieve my outcome. It's not just selling me more stuff. Right. So there's a balance to play between getting the right education support from a place where you feel that you really resonate. And I'm hoping, you know, we're part of that.
Kevin Whelan (15:33.586)
alternative that you can look at. And certainly with the curation of other people we work with, we can signpost other people as well that we believe are trustworthy. So that's the first two. The third one is a new one, Chris. And I've added this one. So number three on the seven steps is the community. And I think, you know,
Christian Rodwell (15:47.678)
Mm-hmm.
Kevin Whelan (16:00.402)
In the end, when you boil it down to the very nature of human beings, we're a being that craves community and connection. And we're a social animal after all, that sets us apart in many, many ways. And I think post the pandemic, we've seen that need for community grow larger and larger and larger. And so we've added that in and we're now doing everything in our power.
to make it easier to be part of a community that supports you. So it's part of the support, but it isn't something that is made available in a capsule. You've got to be part of a community. And the reason why I think that community is critical is because so often, and you said it before, Chris, 95% people don't become financially independent, which means only 5% are.
which means 95% of the people around you are not building their wealth. So you've got to surround yourself with people who are. Otherwise, you'll be pulled backwards into the mediocrity of the masses. You'll be pulled backwards into, why are you thinking about that? You're thinking about doing property? What, with the house prices crashing? You're going to get all of the naysayers as an example. So it's much better to be in, and in some respects, in many communities.
where whatever the wealth that you're trying to create, there are other people trying to do the same thing so that you can get the benefit of the shared experience, the collective brain, the intellectual and social shortcuts that you can make. As I said, faster, safer, or enjoyable. And community, important aspect of that, and we're gonna do our best to make all of our communities, Chris, easier to work with, easier to find, and more fun and engaging to participate in.
Christian Rodwell (17:57.158)
Fantastic. OK, so number one, education, number two, support. And then we've just covered step three in the Wheel of Wealth, which is community. So that moves us on to step four, which is connections, which was included in the original wheel as well.
Kevin Whelan (18:11.378)
It was connections. So it's been important to us because you know, well, builders, we believe we're sort of almost at the hub of this, you know, driving the wheel, but sometimes you need like a GP would call on a specialist, uh, when something more specific is needed. So if someone is talking to us about a specific area of wealth they build, and we don't have the expertise in that. And we certainly don't. Then we would call on that expertise, but the power of connections done.
in this way, and I'll just describe that in a second, is more powerful than randomly spending your time going out in the world of Google and other search engines, trying to find people. So what we've done is created inside of wealth builders, something we call the Wealth Hub. And the Wealth Hub is a place of excellence. It's a center where those people that we found over the years, and we've been doing this for quite a while now, who are outstanding in their field, we believe them to be
entirely coming from a place of integrity and shared values and we resonate with them and then with us and we will share and therefore curate not just create their content or their services with our community Because you can't know everything and the everybody says in the world of wealth. You don't know what you don't know What we're trying to do is by being at the center of support level not step number two
by having our own support network, our own support team, then if we get a question, we can curate the answer to the question. And the weirdest one I've had, Chris, this isn't just an interesting thing, is the weirdest question I think I remember for a number of years, is how do I buy a commercial property in Columbia using my pension? Right, and Bogota, right? How on earth do you do that? What do, Kev, do you know the answer?
No, I do not know the answer. Did I find out the answer? Yes, I did. How do I do that? I reach into my big black book, which is part of the connections. I find what style of law is there in Colombia? Is there an English speaking lawyer and a Spanish speaking lawyer? And does pensions or trust funds, do pension trusts get recognized in Colombia? Yes, they do, cause they're based on common law. And then put two people together in the world.
Kevin Whelan (20:41.25)
takes over from there. And so every question is always an answer, which comes back to the principle we often teach in wealth builders, which is who not how. So whenever you're stuck, whenever your wheel gets stuck, you know, and you need to grease the wheel, the point is, there's always a who, who knows how. So don't get stuck with the how, look for the who. And wealth builders are just a great place to find the who's that you are looking for.
to help you move on to the next level. That's number four, connections.
Christian Rodwell (21:16.962)
Excellent. Well, I'll pause you there, give you a moment to take a breather, Kevin, and talking of connections and community, let's take a break and head over to Trustpilot, where we always love to read out our latest reviews. And I found one here where we have looks here we go from Gavin, who's left us a review. And Gavin says, I had a great learning experience with wealth builders, the community is also very supportive.
Kevin Whelan (21:22.295)
Thank you.
Christian Rodwell (21:44.462)
and go out of their way to make everybody feel welcome. The ability to network with like-minded people definitely made a difference and helped me get started with my wealth building activities and get myself onto the property ladder. So thank you Gavin for taking time to leave us a few words there.
Kevin Whelan (22:01.522)
Yeah, I guess it's step three and step four in action there, Chris, really. Which takes us into step five, which really wasn't part of the first wheel of wealth. But I think we've decided to include it because. It adds an extra dimension and keeps the momentum going. This is coaching. So step five coaching now.
Look, we know that people are outstanding in their field, elite athletes, elite anybody have got some form of a coach or have had some form of a coach. And so we believe that coaching encourages and maintains focus along the path you're already on. In other words, it keeps you accountable. It keeps you focused. It keeps you engaged.
It identifies when something is getting in the way. And often we find what gets in the way of people is themselves. And we have to get themselves out of the way by saying, hey, you don't need to know and understand that in order to take the next step. More often than not, when people don't know everything, they want to know everything before they take the next step. So we've seen that the...
I suppose the over analysis, the paralysis by analysis is often is the term that's used. And the deeper you go, the more often you can get stuck in that mud a bit later on in the journey, which is a tragic waste if you spend time, energy, money and aspirations to move where you are to where you want to be. And then you get stuck. So having a coach who can help you. Now, one of the things we've done this year, Chris, is hitherto
Wealthbuilders has really always been about coaching. We've always had coaches, but now we're making coaching as an optional as well. So if people just want to recognize themselves getting stuck, they can tune into coaches and have one-off coaches. But we encourage them, certainly we encourage the process of finding a good coach you resonate with and work with that coach every single month.
Kevin Whelan (24:19.278)
So the philosophy of wealth builders is do one thing every month. Okay. I know we've said it in the negative in the past, never let 30 days go by without doing something to build your wealth. Probably changed that philosophy this year is just do one thing, you know, every month. And if you do that one thing and you're one thing is you're holding yourself accountable to a coach said, right, you said you were going to do this. Have you done it? Right. You haven't done it. What's holding you back? What can we help you get done so you get, you don't leave it too long.
Christian Rodwell (24:19.303)
Yeah.
Christian Rodwell (24:48.211)
Hmm.
Kevin Whelan (24:48.286)
So that momentum just keeps you going because momentum is everything in wealth. Because as soon as you get stuck, you know, you can be stuck forever and never ever get going again because of a loss of confidence and a loss of self-worth and a whole range of other emotions that get in the way there, Chris. So coaching a really, really important step.
Christian Rodwell (24:57.17)
Hmm.
Christian Rodwell (25:06.915)
Mm.
Yeah. And the comment I probably hear every week when I'm speaking to members is how valuable it is having a coach, because what's easy to do is easy not to do, and when you know you've got a coaching call coming up in a few days time, it gives you that little nudge you need to make sure that you get the things done that you said you were going to get done this month. And, you know, our coaches are not there to be teachers. They're not cracking the whip, but they are there to help you and to support you and make sure that you don't start drifting and going off track.
because it's all too easy for people to get caught with the shiny penny syndrome and a new idea, or they get excited by, you know, someone they heard online or at an event and they go off down a rabbit hole and the coaches, they'd say, hold on, let's look at your plan and let's just stick to what we agreed. And that's so, so valuable.
Kevin Whelan (25:52.606)
Yes, that's a really good point, Chris. So, you know, we talk about focus your way to security, diversify your way to wealth. What we mean by that is, especially, you know, when people work with wealth, they'll more often than not do their wealth dynamic, which identifies their thinking style, their learning style, their decision making style. So you give an example there of the shiny penny, which is often those people very heavy in the
the sort of dynamo energy, which is the creativity. You know, they've got 25 ideas before breakfast and they listen to somebody else's podcast and immediately go, oh, I'll do that then. Oh, I'll do that then. So that they start setting off multiple wheels at the same time. But like trying to spin plates or juggle balls, you know, that's easy to drop them. So we encourage focus on the wheel you're in. Do the one thing. Get that wheel all the way round to 360.
so that you conclude that wheel. Remember, get that flow of cash, that get that flow of capital, and then move on to the next wheel. Do not start trying to spin multiple wheels, because if you do that, you're gonna get yourself in all sorts of difficulty, and get frustrated, and probably spend a load of money, because you'll be, I've seen it before, particularly people have got in property where there's maybe 20 strategies.
They'll hear of a different strategy every week and go off and try and conclude on four different strategies when they really just should focus on one, because you can turn the wheel. You can probably turn a wheel in a wealth building way, Chris, probably within three to six months. So if you can 90 days, turn the wheel, get yourself flow cash or capital, then you can move on to the next one. You don't need to be spinning plates. You don't need to be spinning multiple wheels.
Christian Rodwell (27:49.726)
Absolutely. And you can see there, if you follow that process consistently, then within two, three years you can absolutely be covering your outgoings, which is your financial security figure. So yeah, for me, the Wheel of Wealth, it's all about saving people time and saving people money by staying focused and yeah, not going down a path that perhaps isn't best suited for you. So step five was coaching there, Kevin. So step six is due diligence.
Kevin Whelan (28:17.258)
Yeah, well, you said save people time, save people money. Sure. But save people against loss is quite critical because so many examples where the step of due diligence, what is due diligence is risk mitigation. It's saying, right, let me as you turn the wheel, you get more knowledge, you get more involved, you get more in depth. Now that can be a challenge.
if you get too far and then you skip the risk mitigation and go straight into action. So the due diligence stage, you hear the word due diligence a lot, but it means properly assess what risks there are because no matter what asset, no matter which way you're choosing to build wealth, there's a risk. There's a risk in everything. There is no risk free investment.
Cash isn't risk free. Gold isn't risk free. Stock market isn't risk free. Property isn't risk free. Nothing is risk free. So you take time and you take stock and you look at the risks and assess those risks. Do you understand all the risks and ideally create something called a risk register? A risk register says almost like just a piece of paper can be as simple as with pros and cons, you know, what risks? What's the risk?
positive risk, what's the negative risk? So what would the negative risks be? And then evaluate them. Do you understand them? And if you understand them, to what extent have you tried to mitigate them? Now partly you can mitigate it by good knowledge, good coaching, good connections, because if you're following a path somebody's been on, you've seen all the risks because they've described them and they've shown you specifically how they mitigated their risks. And you can copy that.
hopefully that will help you mitigate yours. But every asset has a different degree of risk. So I could not be, I couldn't give a summary here, Chris, of how to conduct due diligence. But there's a complete different process for due diligence on say investing in a portfolio or an ETF in the stock market than doing a development of a piece of land into 50 apartments. Or there's a huge deal of difference between
Kevin Whelan (30:42.498)
you know, buying a premium bond, then let's say, you know, learning how to trade options on stock market. You know, so every risk carries a different thing. And more often than not, I see the risks are being
Kevin Whelan (31:02.17)
almost ignored in some cases because they believe that if they ask the question and stop now and ask more questions about risk, they'll either feel embarrassed, honestly, or they'll feel, well, I've come this far. I might as well go all the way and not really taking stock of what those risks are. So we're very keen on helping everyone understand the risks and we've pretty much seen everything apart from my leave in now.
hotels or commercial units in Colombia. So we've seen most things, Chris. So I would rather someone asks us that these are the risks I'm seeing. You know, what else should I understand? Because once you can document that, do your risk register, that gives you permission then to take the final step, Chris, which is action. And the action is to press the button, spend the money, make the decision, engage a lawyer, whatever process.
gets the conclusion of the wheel turn done. And then when you do that, you've successfully turned the wheel and that should give you that flow of cash or flow of capital. So you can see it's an actionable, easy to follow, not difficult. You know, I know this most people are leveraging their time, aren't they? So they don't have the visual in front of you. So just imagine again, you've got a wheel on a crankshaft and what you're trying to do is
Christian Rodwell (32:13.355)
Mm.
Christian Rodwell (32:22.142)
Thank you.
Kevin Whelan (32:30.762)
put one wheel on, turn it successfully, then you do that, add another wheel, turn that successfully, then another one, and then you're getting from first gear to second gear to third gear to fourth gear and so on. Compounding just like you do in a car and getting faster and faster and faster. So the reason why we say do one thing is because at the beginning, do one thing is what you need to do. When you get good at this and you get good at turning wheels and the friction is overcome because it's not the first time you've done it.
the wheels turn more quickly and that's when you accelerate and the acceleration can't happen until you started the process. It's a bit like, you know, imagine in a manual gear system, Chris, I know we've got automatic cars, haven't we? Electric cars actually. But you know, if you went from first gear to seventh gear in the space of a few yards, what would happen? You know, the gears would
grind and crank and probably fall out. The gearbox would probably fall out. You'd physically hear and feel the pain of that. You don't see that when people are building wealth. You can't go from one to seven. You can't do that. You've got to go through the gears. So each turn of the wheel is like learning to drive, like learning to drive your wealth. Turn one wheel at a time. Don't cheat the wheel. Chris, please make sure we've got a copy of that for anyone to be able to download, to print.
to ideally stick on your wall, you know, so you've got your wall of wealth, you've got all the downloads you can get from us and we've got some of our members have done that Chris haven't we? Every download we've ever had is up on their wall to remind them, you know, what it is they need to do. Because remember, if you're on your own, you might need an occasional reminder or disconnect with us and we'll, we'll try and help you connect with the right people.
get the right education, have the right coaches and help you turn the wheels more quickly because that's all we do is help people turn wheels.
Christian Rodwell (34:34.466)
Absolutely. And turning the wheel could be across any of the seven pillars of wealth. It might mean writing a book, it might mean setting up a membership, it might mean buying a property. So whatever it is, the key is turn the right wheel for you. And that's part of the process that we help people with every day. And if you'd like to find out more about that, do join us on next week's webinar, which is Tuesday, the 23rd of January, head to wealthbuilders.co.uk and we'll be sharing the wheel along with our nine step family wealth roadmap, the exact process that you can follow.
Kevin Whelan (34:43.018)
All of this.
Christian Rodwell (35:04.174)
if you'd like to achieve financial security for you and your family. Okay. We've covered a lot there, Kevin, and yeah, hope you enjoyed that episode today. And the Wheel of Wealth is, is such, I remember when I first saw you present that and share that Kevin, it really did blow my mind as did the Seven Pillars of Wealth, all of this wonderful IP. And it's a pleasure to be able to help so many people within our membership to put this into action for themselves.
Kevin Whelan (35:30.85)
Well, you know what's interesting for me, Chris, as you mentioned, this was episode nine when we first introduced it to our listenership. It's important that we continually improve. We strive to do that, but it's also a useful reminder. And I think I said in a recent podcast was the last one, I think about resolutions. Sometimes you've got to identify the gains you've made, not just the gap between where you are now and where you want to be. This is good IP. You know, I'm not trying to blow.
smoke up my own rear end here, but this is this is clever stuff and it's been there and designed entirely to help others build their wealth in a more safer and as I said, faster, safer and more enjoyable environment than doing it on your own, surrounded by people who are not on the same journey as you.
Christian Rodwell (36:18.098)
Well, we hope you enjoyed listening to today's episode. If you did, and you think someone else might enjoy it, please do hit the share button. We'd love to grow the podcast in 2024. We're already being downloaded in over a hundred different countries every month, which is amazing. And, but even if there's someone next door or down the road that hasn't yet come across the Wealth Talk podcast, please share that as a little gift for us. All right, Kevin, you and I will be back here same time, same place next week.
Kevin Whelan (36:40.014)
Very good.
Kevin Whelan (36:44.17)
We will Chris and until then my friend, see ya.