Neil and his wife Katie joined the WealthBuilders Academy back in November 2020 and have been unstoppable ever since. Neil Moggan is the founder of Future Action, a teacher training course provider, that has supported over 100 schools since lockdown in guiding their teachers to reduce children's anxiety, build their confidence and creating sustainable early intervention well-being programmes within 90 days. As a teacher and father, Neil is committed to transforming the life chances of young people, and is currently writing a book on the decline of children’s mental health over the last 20 years and potential solutions for schools focusing on early intervention mental wellbeing programmes, trauma informed practice and the link between physical activity and mental wellbeing. He also owns a property company with his wife specialising in student HMO’s Tune in to hear how Neil had his eyes opened to financial literacy after reading Kevin’s book, the 7 Pillars of Wealth and how Neil has been able to build £3,000 per month recurring income which enabled him to sack his boss and move away from financial insecurity.
Neil and his wife Katie joined the WealthBuilders Academy back in November 2020 and have been unstoppable ever since.
Neil Moggan is the founder of Future Action, a teacher training course provider, that has supported over 100 schools since lockdown in guiding their teachers to reduce children's anxiety, build their confidence and creating sustainable early intervention well-being programmes within 90 days.
As a teacher and father, Neil is committed to transforming the life chances of young people, and is currently writing a book on the decline of children’s mental health over the last 20 years and potential solutions for schools focusing on early intervention mental wellbeing programmes, trauma informed practice and the link between physical activity and mental wellbeing. He also owns a property company with his wife specialising in student HMO’s
Tune in to hear how Neil had his eyes opened to financial literacy after reading Kevin’s book, the 7 Pillars of Wealth and how Neil has been able to build £3,000 per month recurring income which enabled him to sack his boss and move away from financial insecurity.
Resources Mentioned In This Episode:
>> Connect with Neil Moggan [LinkedIn]
Next Steps On Your Wealth Building Journey:
>> Join the WealthBuilders Community
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR FREE RESOURCES ACCESS
If you have been enjoying listening to WealthTalk - Please Leave Us A Review!
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 180 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. Hi, Kevin.
Unknown Speaker 0:28
Hello, Chris. Right on target today. 180.
Christian Rodwell 0:32
I know we are motoring into the new year that it is. And we kicked off this new year with a wonderful episode last week. That was with Abby and her company's Ellen's. And we talked about bringing financial education in schools, something that we're going to be focusing on a lot around the teaching children about financial literacy this year.
Unknown Speaker 0:53
Yeah, looking forward to that. And Abby did a great job. And, and of course, you blended it naturally into a wonderful interview with a great friend of wealth builders. Mr. New Morgan.
Christian Rodwell 1:05
Yes, that's right. And Neil has become a good friend since joining us just over two years ago, actually, in the wealth builders Academy, and Neil and his wife, Katie, have really been pretty much unstoppable since the day they joined. And Neil also was instrumental in helping us get the wealth built for families programme kind of initially conceptually put together. And now we've taken it over Kevin, and we'll be releasing that in q2 of 2023.
Unknown Speaker 1:30
Yeah, and what's interesting for me is it's not like I mean, Neil's journey is a great journey to comment on and I'm, I'm sure you'll do a good job of pulling out some of the threads of that in your interview with him. But when you think about the fact that, you know, it's only a couple of years, you know, and in a pandemic, you know, there's just some, and he didn't have a fortune of money, and he had a full time job. So it's not like, you know, the, in the leverage piece we do we talk about the bookends of leverage is what what finance to start with, and some people think finance is key to building wealth. I hear that all the time. Well, I've got enough money. Well, it's resourcefulness, not resources that count, and haven't got enough time. Yeah, but if you reason why is strong enough if the catalyst is strong enough, and Neil reveals his catalyst and and I think it's definitely one that showcases that if you've got a struggle of reason why you'll overcome anything. Slowly.
Christian Rodwell 2:30
Yeah. And we'll be going through the steps that we teach inside the wealth builders Academy today, we've nailed the steps that everyone has to follow Kevin, if they want to move from a place of financial insecurity, through to financial independence, we know this is a tried and tested rope.
Unknown Speaker 2:44
While it works, and, you know, we know there's always scepticism and I get that I like scepticism actually, it's kind of fun. It's a bit like being a comedian on stage, you know, you, you start to giggle because you know how funny you're going to get, you know, what the audience is going to expect. And I know when people are sceptical, that they're going to be transformed. And this is the whole point, about wealth. It's a journey of transformation of self of finance, and ultimately, the destination of the family. And you never know where you're going to go. And it's an interesting one, isn't it that people start off with one idea. And then they flip and they change for good thing, not for a bad thing, generally speaking, and Neil is evidence of that. So yeah, looking forward to all the nuggets you pull out of that.
Christian Rodwell 3:32
Yeah, we love hanging, hearing our members stories. And the reason why we do this. So let's head on to our conversation today with Mr. Neil Morgan. Neil, welcome to off talk today. How are you?
Unknown Speaker 3:43
I Christian. Hello, everyone. Great. Thanks so much for having me.
Christian Rodwell 3:47
Yeah, it's good to have you back. And you've been on the podcast before now we were talking a while back about your teaching background. And you know, the support you are providing for the wealth builds for families programme. But today, we are focusing on you and just you. And it's the member spotlight, where we look at your progress since joining the wealth builders Academy. And you've joined with Katie, your wife, and probably hear about how, how she got involved, as we go through today. And as always, we're going to follow the nine steps of our recurring revenue roadmap, and the three stages to the roadmap, you've got stage one, which is all about building confidence, stage two, which is building your knowledge, and stage three, which is building assets. So are you ready to go?
Unknown Speaker 4:31
Let's do this. All right.
Christian Rodwell 4:32
So now let's take it back. I think it was November 2020. I remember a phone call we had with Kevin Right. And maybe you can share a little bit about how that came about. And, you know, what was your reason for deciding to join wealth builders?
Unknown Speaker 4:45
Yeah, well, I think for a lot of people locked down was a chance to reevaluate their lives. And for me, that was definitely the case. And I remember sitting at a startup locked down a lot more time on my hands thinking about kind of the first half of my life reflecting on I'm 4041. Now I'm rethinking, right, I've loved being a PE teacher, I've loved that. But where does the next kind of second half of my life really lead to. And likewise, the 2008 financial crisis, I remember sitting in my staff room and thinking this isn't affected us as teachers, but then a couple of years later, could have money being affected, our salary been affected, and it hasn't really improved a lot since. And also, I was doing an NLP tutor training course around that time, at the start of lockdown, and that really nailed down my purposes in life. So I had four purposes. And that was, firstly, to be a great dad to my two kids, and a great husband. Secondly, was to help transform people's life chances, which I feel really passionately about. The third one was to enjoy my life through sport, travelling, and excellent relationships with friends and family. And then the fourth one was to create financial assets so that we can concentrate on the first free so I really got into financial literacy, at the start sort of locked down, I was really thinking a lot about maybe there could be a recession come in the impacts on people's mental health as well. No, there were two areas that I was really kind of digging deep and getting get get an experience about. And I was doing a lot of searches on the internet. And I came across Kevin Whelan's book as the seven pillars. And that had a really transformational approach or my my, my kind of financial literacy and what I wanted to do. So that was what I got involved with Kevin and we, we had a few few, few chats. And I remember writing a blog around the how poor financial literacy is in schools. And so Kevin in and we got talking and kind of the rest is history, shall we say?
Christian Rodwell 6:38
Yeah, no, that's great. And it's important at the very beginning to really get clear on what your reason why is so for you, I know, family, such a strong reason, as you said, more freedom to be that creative person that you are, and we do the wealth dynamics assessment as part of step one, as well. So what was your result? And what did you make of that?
Unknown Speaker 6:57
So it was put onto the earth, I was 5612 1616. So that makes me like, heavy, heavy on the creative side. I'm also secondary profile is mechanic, which is all about tweaking and improving what I do and that that's really come across with the key departments that I've built over the last kind of 1213 years. And then on the other side, a little bit of star, so it kind of it fitted in well, and it gave me real clarity about how I wanted to build my wealth. Really.
Christian Rodwell 7:26
Yeah. Okay, so let's move to step two of the roadmap. And we call this the foundation's, this really just reviewing money that's coming in and out of your life every month, we have a process called debits as well, and in which we teach our members, but also the five levels of wealth. So getting really clear on what those milestones are, and can remember what level you were at when you joined back in 2020. Now,
Unknown Speaker 7:48
Yeah, certainly. So we were definitely at financial insecurity. We had a little bit of money coming in from a kind of an accidental property that we that we had on top of our our own home. But we would definitely financial insecurity at that point.
Christian Rodwell 8:01
Yeah. Okay, and reviewing debits. Were there any areas in particular that stood out that you could, you know, squeeze some extra hidden money from?
Unknown Speaker 8:11
Yes. So, I was investing time in the evenings. At this point, really digging deep into my education, I kind of got challenged my wife, my wife sorts out all our bills in our house. So I challenged her to see if we could make some wins on the debits and she managed to save 200 pounds per month, which isn't huge, but there was a much bigger way to be had because she came down later on that night saying she'd she'd signed up as a unique presenter, and that that created an additional additional income stream for us, which was fantastic and gave her a real lease of life. And it also brought her into the wealth builders programme, so that she became a lot more kind of involved and interested, she was quite sceptical at first when I said we're spending this money on this, this wealth builders programme. But very quickly, she became part of the programme and we really kind of came together as a couple and works and she's been fantastic for developing our kind of property portfolio over the last couple of years.
Christian Rodwell 9:09
That's great. So over, you know, nearly two and a half 1000 pounds per year extra savings there but also making additional money as well, which is what the debits process is all about. So very good. All right, step three, then so final step in our foundational phase is called the roof. And really important that all members go through to make sure they have a secure roof in place to protect themselves in their assets. And what did you find out as you went through this process now,
Unknown Speaker 9:36
so we've got a lot to thank wealth builders for because we've got two young children married houses, but we hadn't we didn't have a will in place. We didn't have powers of attorney we didn't have trust funds. We didn't sort out tenancy in common for ourselves. So we were we were really put putting it off and often are thinking I will get around to that but never really get around to it. But through going through the wealth builders programme it really He kind of simplified the language really gave us a great understanding and really helped us be able to take action. And it also led to wider discussions in my wider family so that we were more aware of what to do in a worst case scenario. So that we've got that peace of mind, really. So we've got lots of Thank goodness for that.
Christian Rodwell 10:18
Excellent stuff. Okay, so strong foundation in place, we move into stage two of the roadmap, this consists of assets, leverage and strategy. So step four assets. So the seven different assets, kneel, and we call them pillars, as you well know, to build your wealth, which did you already have in place when you first joined? And what other pillars Have you been able to utilise since?
Unknown Speaker 10:38
So like I said, we had accidental property, really, but Kevin's Seven Pillars book was fantastic. So it really kind of helped me kind of work on on each of the seven apart from pensions because I'm a teacher, I can't touch that. But but that was that was a real kind of fantastic starting point for us in terms of thinking, right? How do we go about improving our wealth situation?
Christian Rodwell 10:58
Excellent. So from two pillars when you joined to pretty much six now we'll hear about those in a second, then. So leverage next. So really key once you've identified, what are the pillars you're going to focus on, then you need to know where is your leverage coming from? Now, leverage is key to wealth building isn't necessarily always financial, but could be intellectual relationship systems and leveraging your time. So can you provide us near with an example of how you've brought leverage into play to help you build your wealth?
Unknown Speaker 11:25
Yeah, so we didn't have massive, massive financial leverage, like, like we're here, some people sometimes come on here and talk about so we didn't release equity from our house to get a second HMO. But we had to be creative. We had a look at the intellect and kind of 19 years of experience of teaching teaching in schools in Moscow. And like I said, we have 13 year life expectancy difference depending on what side the main road, children are born on. Students submit really interesting work around reducing obesity and improving mental wellbeing. So I took that into let what I was doing on a daily basis and created an online teacher training courses. It's kind of my first business. And that's been great for testing things quickly innovating. Also, with the relationships, I'd already had a wide network of school colleagues and that's helped massively with building building my business future action. And then with the property portfolio, my wife, father in law is a builder and a brother's a builder. My brother in law's also an estate agents who are really successful estate agency kind of have to wait. So time, like typing into that kind of relationship has been absolutely vital for helping us grow and have the competence to do do what we've done and then in terms of systems have tried to use technology as much as possible to save me time. So stuff like Calendly stuff like kartra checking, TPT scorecard marketing, they've all tried to use use those systems to try and make my business as efficient as possible. And to save me time because obviously time outside of lockdown, I was teaching full time trying to grow at grow a business at the side. And that's that's, that was limited but but I found the time because I care so passionately about about this and creating kind of the the opportunities for my children that I really want to provide for them.
Christian Rodwell 13:12
Yeah, great examples of leverage there. So chosen your pillars, you found your points to leverage that moves us to step six, which is choosing your strategy. Now you've talked about you know, leveraging your home there, which is great pillar one, pensions not so much pillar two but investments What are you know, you're able to find a strategy to help you focus a bit more on the investment pillar as well.
Unknown Speaker 13:35
And yeah, I didn't have any investments before wealth builders, but I kind of started to pound cost averaging over time, based on the knowledge I've learned from from the wealth builders programme and also connections from Manish Kataria. And then with the investments also set up children's stocks and shares ISIS for my kids. So in terms of preparing them, hopefully having something for them in the future as well.
Christian Rodwell 14:00
Excellent. So the key strategies for you then Neil, probably within the property pillar in the business pillar. Is that fair to say?
Unknown Speaker 14:06
Yeah, absolutely. I think initially, we started off with a property. There's a property pillar where we had the biggest thing in impact quickly. And we focus on student HMOs in that area.
Christian Rodwell 14:19
Okay. And in terms of business, just tell us a bit more about, you know, how how's the business set up? And how do you generate income from the business.
Unknown Speaker 14:28
So we provide online teacher training courses. Our business is all about guiding teachers to reduce students anxiety, build their confidence and create sustainable early intervention programmes within 90 days. And as it's all online, and then kind of best that's the way we're utilising technology to save time, I didn't have the time to go into schools and help and delivery and face to face. So it's all online based at that time.
Christian Rodwell 14:53
Good. So this moves us into Stage Three of the roadmap, which is building assets. So now you've got your plan. in place, it's about turning the wheel of wealth, which is Step Seven focus. So on someone's chosen a strategy, the wheel consists of five pieces or five parts. And that's education, support connections, due diligence, and then taking Guided Action. And our wealth coaches are there each month to help you stay laser focused and turn that wheel. So what benefits have you gained from following this process and having that accountability,
Unknown Speaker 15:26
there's been it's been fantastic in terms of education, I was asking my wife yesterday how we got into student HMOs. And she said, I was Googling stuff and, and, and worked out spoke to my brother in law and stuff with the business had had some ideas, but obviously, learning from you and Kevin was fantastic, or what I call our work experience, or my my, what my work experience for you guys. And in terms of seeing how people that are much better than me at doing it, we're doing it and then kind of taking those lessons and applying it, applying it to it to my business really. So those connections are really important. And I learned so much from that, again, with the the property portfolio in terms of due diligence. That was a real weakness of us if you look at our wealth dynamics, but my wife's a star on the on the play side of the wealth dynamics. So due diligence is a real weakness for us. But we had some great connections from the wealth builders community, people like Russell Melton, Richard Sutton, who helped provide us with deal stackers for our property portfolio. And that's an area where, where I really feel we've we've improved a lot on from that, and then obviously had a brilliant coach and Bronwyn them in terms of Guided Action, who you could always talk through your points with. She's been absolutely fantastic for us and we love our monthly calls and, and really nailing down what guided action we need to take each month.
Christian Rodwell 16:51
Yeah, no, I love seeing the tenant attends come through every month for for the scores for the coaches. So, yeah, four months to Bronwyn and all of our wealth coaches for the wonderful work that they do. Okay, step eight is results. So successful, we'll turn should generate some results. And we encourage our members to track their progress every 30 days. One of Kevin's famous sayings, which I'm sure brings in your head all the time, Neil, and you've got your wealth chart, right. So you can plot your progress up there each month and see how things are going. So let's talk about some results. You mentioned you at insecurity when you join Neil, and generating how much per month that time.
Unknown Speaker 17:31
So we've our property, we were generating about 700 pounds per
Christian Rodwell 17:35
month. Okay. And that was the only asset income that you had at that time. Okay, and what's your monthly asset income recurring income, up to now?
Unknown Speaker 17:45
So with the property, it's about 3000 pounds per month? So we've got a couple of properties, since we've joined wealth builders, with the HMOs.
Christian Rodwell 17:54
Excellent. And in turn, some businesses
Unknown Speaker 17:58
Yeah, the business income has been fantastic. So So that's enabled me to kind of take a sabbatical from frontline teaching. And, and concentrate on that. So with some fantastic wins there. It's kind of grown from a hobby business into something much bigger. And, and that's really my passion now,
Christian Rodwell 18:17
so you were able to set your Christmas last year.
Unknown Speaker 18:21
Yeah, it wasn't something I intended to do when I joined both builders. I love my job. I love teaching, I love being in front of the classrooms, but it's just kind of the way things have evolved. And I can have a bigger impact. I think I've helped over 500 teachers over 10,000 children since since we've created the business so I can have a much bigger impact with doing the business rather than being in the classroom every day.
Christian Rodwell 18:43
I think that's tremendous progress in just over two years, since joining to now be at 3000 pounds per month. And and how far off are you from your security level? Neil?
Unknown Speaker 18:53
So our original security figures 4000 But we've inflation we've we've upped it to 5000 and then financial independence at 10,000. Just looking to my chart to the right, so it's always kind of very visible for me to kind of keep me motivated and to keep taking action.
Christian Rodwell 19:08
Yeah, great. And so the final step in now nine step recurring revenue roadmap is called Accelerate and by repeating the process of choosing your pillar and your strategy and then your use of leverage, you will move towards a place of financial independence and for most people, the journey from financial insecurity to financial independence will take about five years. What do you see as being key to helping you continue to stay focused nail and take the necessary steps to reach your own goals?
Unknown Speaker 19:35
Have it obviously having that really strong Why is really important and obviously my what my why's is kind of the reason why I do everything is just my family is I want to create a great life for them. Taking action every single day. Kevin has this mantra take action every 30 days. My mantra is take action every day. And often. That's multiple actions. So wealth builders recommended the gap in the game by Dan Sullivan. And it's a great book and it's something I do in terms of And then each day, freeways or one each day and freeways I'm going to win the next day that keeps me really focused. And it's a great book, I recommend that to our readers or listeners.
Christian Rodwell 20:09
That's that's really good tip. I guess the final thing, Neil is, you know, how confident do you feel now that you're on the right path towards, you know, financial security and then to financial independence?
Unknown Speaker 20:20
I would say it was 100% before the economic crash, and I'd still say we were very confident it might take us a little bit longer. But I think wealth builders been fantastic. I dread to think the situation we'd have been in as a family. If we didn't have if we hadn't done the work over the last two years, obviously, see, teachers pay is probably reduced by 23%. In real terms, since 2010, there was a ticket came out yesterday. So it's really protected our lifestyle and given me the freedom to follow my passions and do what I want to do. And life's just so much more interesting. Now I meet some fantastic people like like yourself and Kevin Bronwyn and all the people in wealth builders community that's such a powerful positive community. And some of the rooms have ended up in over the last two years because a wealth builders have just been been fantastic. So I've got a lot to thank wealth builders for.
Christian Rodwell 21:11
Well, we are likewise to you, Neil, you know, yourself and Katie been such shining lights in the wealth builders community and continue to be so and we really, really love having you here. And thanks so much for sharing your journey so far with our listeners today.
Unknown Speaker 21:25
Thank you. Absolutely.
Christian Rodwell 21:27
Okay, so good. Hearing all of that again, Kevin. Obviously, we've been part of that as as Neil has progressed, but just to hear him recap, it just makes you feel so good. Right?
Unknown Speaker 21:38
Well, it doesn't, you know, the other thing I appreciate actually, is the humility. You know, he's, he says he's got a lot to thank us for, but in truth. He's been the orchestrator of his own ambition here. Him and Katie pulled together you saw that? Perhaps, you know, I mentioned before the interview about scepticism. Katie was sceptical, right. You know, he said, I really think this is the path for us to follow. And she's like, well, maybe maybe, and then gradually in the use of their understanding of wealth dynamics. And by the way, Chris, it probably makes sense for people who don't know wealth dynamics, because Neil spouted, the kind of the numbers, the 5616 24, whatever the number he was, you might want to take a moment to explain those four numbers, because we asked our members don't want to commit their numbers to memory. Because it shows them the four different scores they get in each of the different wealth dynamics, do you mind just explaining the four different areas just so people get that, so they didn't just listen to Neil? Say what his is and minus 5630 644? And yours is
Christian Rodwell 22:50
1632 3616?
Unknown Speaker 22:53
There you go. So that's quite easy, isn't it? And so you know, when you know what that means, when it just rolls off the tongue, it just doesn't mean anything. So why don't you why don't you explain that? Yeah, sure. So
Christian Rodwell 23:03
wealth dynamics was created by Roger Hamilton. It's an assessment consists of some questions, which we have all of our members take this assessment when they join us. And it gives you an output, and there's four main wealth frequencies. And these, you know, really kind of relates personality and where we are most in flows and things we should be focusing our time on. And those four different frequencies are dynamo, Blaze, tempo, and steel. So Dynamo frequency is, is that creation, creative place, that space, where people are always coming up with new ideas, they wanted to start new businesses, and those people are great, we need these ideas. But often, they're coming up with 100 ideas before lunchtime, but not so good at finishing all of them off. This is somebody. Yeah. So so then you move around the square to the blaze, energy and blaze are not necessarily the ones right at the beginning of the creation. But they're really, really good at taking that idea and knowing who the right people are to start putting that together, bringing that idea to life. So they're all about connection. They just love the energy of working with others. Once you've got the team in place, then you're moving around to the bottom of the square, which is the tempo energy. So tempo is all about timing and just getting things done. So they're quite sensory. They're aware of what's going on around them. And they're the opposite of the Creator. So they're taking one of those ideas and saying, All right, let's just focus on one thing. Let's get this done. So once you've got things work working, you've got all the team in place. And the final piece of the puzzle really is focusing on the details. And this is where the steel energy comes in. So people who are high steel, just love looking at spreadsheets and numbers, processes systems, how can they tinker? How can I improve and just make the whole thing work even better? So when you've got all of those four frequencies working together, you've got a brilliant team, and most importantly, you've got trust amongst that team,
Unknown Speaker 24:57
brilliantly explained. And you know See, there's often opposites isn't there? And you heard Neil so you know, with his creativity, which is the dynamo, which was 56, which is pretty high. But the due diligence, which is still energy, they were a bit latch on. And that's often the way which is why, when we're looking to build our wealth, we're rarely a perfect square, you know, we're usually tilted in some direction. So mine is the combination of Dynamo and blaze, isn't it? So it's very strongly creative, very strongly connected. So I would say the two things I love to do is to create connect. And that's a reflection of who I am and what I do within the wealth builders. Kind of ecosystem, isn't it really. So so that's my role as the visionary as we call it within wealth builders and, and I'm perfectly suited for it. But sometimes people get caught up, like a square peg in a round hole, that they can do things, but they don't love it. They don't really enjoy it. But that so that was interesting. So thanks for the explanation, Chris, and just talking about enjoying things. Sometimes you can enjoy things, but they're not really wealth building is there's so many people who love what they do, the work they do is in perfect sync with their wealth dynamic, but but it isn't wealth building, it's trading time for money, and it will ever be that way. And consequently, with rising taxes, rising inflation, uncertain economies, and, and all the doom and gloom that's out there, it's tougher. To save your way to wealth, you'd have to use leverage and be willing to come outside of your comfort zone, which is kind of made me think about Neil again, which she said, You know, it's not that I wanted to give up teaching. I didn't, I love teaching. But now he's impacting so many teachers that impact so many more children. And I think that's a powerful thing to consider the impact you have, or the impact you're making, on whatever is that's important to whether it's environmentally, a key thing for you, whether it's, you know, making a social impact, whether it's green energy, and doing things this way, whether it's whether it's to impact a certain group of people for whom you have this very strong resonance, all sorts of things we see, as people build their wealth, Chris, and then start to veer towards the things they become passionate about. And we saw that with Abby last week. And we see it with Neil this week. And of course, we're a reflection of that, because we have an ambition which we obsess about, which is to help as many people as possible, take steps forward to becoming completely financially independent. And we know there's never been a more important reason to want to do that than than right now.
Christian Rodwell 27:52
Yeah, and we know that purpose is really important to nail we heard that and, of course, also, the first step of building wealth is really knowing your why and having that catalyst. And a Neil mentioned reading a copy of your book, Kevin pillars, which definitely sort of helped him open his eyes, I suppose to the importance of diversifying across as many assets as possible. So for anyone who perhaps hasn't had the privilege of downloading and reading that Kevin, I'll just point people in the direction of wealth builders.co.uk forward slash ebook, it's a quick and easy read Kevin, which, you know, we get so much great feedback. And we've actually nice little segue here, had a review on Trustpilot about the book as well, Kevin, so I'll read this one out. This is the Seven Pillars of Wealth free ebook, this is a book you can read in 30 minutes, however, I am sure like me, you will keep coming back to it. The book to me is a Rich Dad, Poor Dad on steroids, it will challenge you and really get you thinking the C five on the M four analogy is excellent. Download it, read it, consume it, very nicely
Unknown Speaker 29:03
said, you know, I love the little nuggets of wisdom that come from our reviews because it shows that the work that we're doing is impacting in the way they think. And I like that and a few people have said to me you know, this is kind of Rich Dad Poor Dad, but in but in the UK style, with UK tax law with UK assets with UK language and sometimes I'll obviously Rich Dad, Poor Dad is a fantastic, the seminal book and definitely one that everybody should read. I think you know, half an hour read is an introduction to how to build wealth well, and it's free, you know, why not? Why not do that. So, yeah.
Christian Rodwell 29:45
So, obviously, at the end of the day, it's all about results. It's about building a better life for yourself. That's what we're helping people to do. And those results don't necessarily have to be all about money. Kevin, it's about the confidence. It's about the connections. It's about the knowledge But Neil has made some fantastic progress in terms of recurring income, just over two years, from 600 pounds to now generating 3000 pounds a month. And that, of course, is building with his business and with the property portfolio, and all the other things that Neil is now focusing on.
Unknown Speaker 30:17
Yes, and this is why it's important, isn't it to keep measuring the progress you're making? And to see the steps that you're taking. And you know, it's funny. Again, Neil's giving me my own lessons back at you, Kev, isn't he? He's saying, you know, what, what's the new mentioned the, the standard kind of kept mantra is never let 30 Days go by without doing something positive to help build your wealth, whether that's reading a book, whether that's attending a seminar, whether that's doing something that you can say, I did that, you know, you're not going to measure a result in income. Because in the same way, as, you know, planting seeds, you don't get the result, the same day you plant seed, you need to give that time. And he said, Never let a day go by, I mean crumbs, if you could do that every single day. I mean, we do that every day, it's our business or life, it's our mission. But if people could do something every day crumbs, you could accelerate yourself massively. But as it is, one thing a month, will get most people to financial independence within five to seven years. And I think five to seven years worth of a changing view and a changing pattern of activities, changing your habits, changing your mindset, it's not a big price to pay to be financially independent forever. And what Neil said was, the way he talked about his four different outcomes, the four different goals that he had, although he said goal number four was to focus on the wealth, if you heard what he said. And think about that fourth point, which was, I needed to focus on my wealth, because by doing so allowed all the other three to happen. Because sometimes it's difficult to achieve the other outcomes if you're financially stressed. So, so I would commend anyone to think about their outcomes for 2023. To Yes, focus on what your long term picture is. But to do things, daily, weekly, or monthly, whatever your cadence is, that will help you start towards building wealth. And don't worry, or measure the actual recurring income as the result just measured the actions that you're taking that way you can celebrate the actions, you don't have to worry about whether you're ahead or behind somebody else. And so many people live a life by comparison, Chris, and it frustrates me because we keep saying it's not a sprint. It's a marathon and building wealth, seven years, longest, it will probably take at four months, you know, it's not that long, to become financially independent. And everybody's definition is different. As you said earlier on, it's not about just the money it could be, you just want more time to be able to pursue a hobby or a passion or an interest. And actually a certain level of income is enough for you. That's fine, because you're trying to create life on your terms, not on somebody else's terms. So please don't compare. Just build the life that you want for yourself.
Christian Rodwell 33:19
So thank you so much to Neil once again. And if you'd like to join Neil, join Kevin, join me join all of the rest of our members. And we'd like to find out if the academy could help you to then head to wealth builders.co.uk forward slash Academy. And you can see exactly what we do inside of there with our coaching with our education with our masterminds, and we'd love to see you there. But, Kevin, I'll be seeing you same time, same place next week.
Unknown Speaker 33:45
We will do my friend but hopefully, we're both spluttering just to touch on we. So hopefully I'm going to Florida next week, Chris, I'm going to have some scarf in the sunshine. I'm fed up with the weather in this country. So just going to have a little break. So I'll be back sometime soon. And until then, my friend see you.
Unknown Speaker 34:07
We hope you enjoy today's episode. Don't forget that we are constantly updating our resources inside the 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