The latest WealthTalk episode is a recording from the WealthBuilders' first live webinar of 2023. Membership Director, Christian Rodwell, explains how you can become part of the 5% of people that actually make it to financial security and then on to financial independence. Tune in to learn a holistic process to create multiple streams of income, how you can move from insecurity to independence fast and how to get real clarity and avoid overwhelm on your journey to building wealth.
The latest WealthTalk episode is a recording from the WealthBuilders' first live webinar of 2023. Membership Director, Christian Rodwell, explains how you can become part of the 5% of people that actually make it to financial security and then on to financial independence.
Tune in to learn a holistic process to create multiple streams of income, how you can move from insecurity to independence fast and how to get real clarity and avoid overwhelm on your journey to building wealth.
Resources Mentioned In This Episode:
>> Book a Call To Explore WealthBuilders Academy with Christian
Next Steps On Your Wealth Building Journey:
>> Join the WealthBuilders Community
>> Join the WealthBuilders Academy
>> REGISTER HERE FOR ACCESS TO FREE RESOURCES
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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 181 of wealth talk. My name is Christian Rodwell, the membership director for wealth builders. And I'm not joined today by our founder Mr. Kevin Whelan, because he is enjoying himself in Florida for a week of golf. And why shouldn't he? So this week, I'll be bringing you a recording of last week's webinar that we hosted. For people who are looking to make big change in 2023. Maybe that's you, and you're looking to really start accelerating your own wealth building journey that I'm going to be walking you through today. The nine step recurring revenue roadmap, the process that we teach our members to move from a place of financial insecurity, through to security and beyond to financial independence. And if you're looking for support, if you're looking for a community of like minded people, and you're looking for a clear plan of how you can start building wealth, then today's episode should be a good one for you. And I'll be sharing with you some of the examples of how we've been helping our members. And I definitely would point you back to last week's episode, which is 180, where we interviewed Neil McGowan, who was one of our members who joined just two years ago, and him and his wife, Katie, and now making in excess of 3000 pounds per month from their different assets. So it is absolutely possible. And we're at the start of a new year. So imagine what you could achieve if you had a clear plan, and the right support around you within the next 12 months. And if you're interested after listening to today's episode, so have a chat with me, and actually discuss your own plan, really understand whether this can work for you, then I'd love to have that time with you. And you can go and book a call by going to wealth builders.co.uk forward slash GPS. So let's not wait around, let's get to today's episode, we're going to be sharing with you tonight, everything that we do to help our members generate predictable recurring income from assets. And we've got a very clear plan as to how people can achieve that within a timeframe of about five years to go from complete financial insecurity to financial independence. So I'm going to show you exactly how some of our members have achieved that. Alright, so
introduce myself, my name is Christian Rodwell. I'm the membership director for wealth builders, I'm going to show you what the seven assets are that you can use to build wealth, and create multiple streams of recurring income for yourself so that you're not dependent on one source. And we're going to show you there's a roadmap, there's a step by step process you can follow, which has worked for hundreds of others, and can work for you just to say we are very, very focused on helping people that are the right fit for what we have to offer. So we need to have conversation with anybody first, who is interested in working with us to make sure that we can help you and also make sure you're the right fit for our community, that you're someone who's committed that you're someone who's going to show up, and that you've got the resources as well. Because it's very difficult to build wealth, if you're starting with nothing. But we can show you how to get started. If you are in that position. I'll talk about that a little bit later on, I've got a very special bonus. And this is the your opportunity to book a 45 minute call with me, where we will go through your own personal plan. And we'll do something called the financial GPS, I will go through on that call with you and look at the opportunities within each of the seven pillars that you perhaps haven't seen for yourself. So I'll tell you how to book that call is going to be completely for free. I'm going to give you maximum value on that call. Okay. So there's no sales, it really is just to help you get on the right track. So how is wealth builders different? I dare say you've been on other webinars before. And you know, you're obviously interested in building wealth, you're interested in entrepreneurship and making money. And you've probably been on webinars that are showing you can use property or perhaps using the stock market or, you know, selling things online e commerce. Now, wealth builders are holistic. And what we mean by that is we're not focused on one thing, we look at all of the different asset classes, and there are only seven, I'm going to show you exactly what those seven and then within each of the asset classes, there are many, many different strategies. And when we're different is we take the time to really get to know you. So we're not trying to sell you on any one course. And he wants strategy. We understand you first. We get to know what your targets are. And then with our team of experts, we help you to identify the quickest way to get to your financial target and the safest way and we build a plan with you. And whilst the roadmap that we teach is the same for everyone. Your plan will be very specific to you. And that's what we do. Inside the wealth builders Academy, there's nine steps, and we've tried to simplify it as much as possible. So you can see that is a pathway to move from financial insecurity, which, unfortunately is where 95% of the population find themselves, whereby they don't have enough income coming from assets each month in order to cover their outgoings. So as I say, most people rely on one source of income. And when we had the pandemic, recently, we saw how fragile people's livelihoods when jobs were, and that income can disappear. And then you're reliant on savings. And when savings run out, you know what happens next. So if you want that peace of mind, if you want that long term security, the only way to achieve that is to start focusing now on building assets that generate income without you needing to do the work. And the roadmap takes you through each of the steps that you need to put in place in order to achieve that, and to reach financial independence. So I'm going to go through this with you. So you can understand exactly how it works. And see if this is something you think could work for you too. So what we say is, for most people, the journey from insecurity to independence, is about five years. Now, within 60 days, we can help you to get a clear plan. So we can work with you assign you with a coach to work with you as well, and get a plan so that you know what the steps are for you to reach your own financial goal. So within 60 days, we can create a plan for you. So that in 60 months, you stand the best chance of achieving financial independence for yourself. And if you think about that, you know, say five years might sound a long time, but 60 months, you know, think how quickly actually that goes, think back to five years ago, from now, if you'd have actually started the process, then, you know, you'd be there already. It really comes down to most people not having a clear plan. Once you get a clear plan, then you really get certainty, and you get infused and you get more confidence when you're clear on what you're supposed to be doing. So most people don't have a clear plan. So that's the first step. Secondly, is having good support around you. So trusted people that you can lean on for guidance that have been there and done it, and not someone who's just trying to sell you on to the next course. And the next course in the next course, it's not what we do, it will offer builders, our shade to the academy programme. The academy is one thing, if you're in, we give you everything we're not ever trying to upsell you to more and more. So secondly, it's having good support and good people around you. And the third thing is really down to you. So if this is meaningful enough to you, if you really committed you really, really see the importance for yourself and your family of having that independence, so not reliant on working for someone else trading time for money, then you can get there and those three things and most critical. And I see that over and over again, with our members clear on their plan. They leverage the support they have, and they just keep going. So just a little tip for you there. If you think you're one of those people, I think you'd be a great fit for us. Okay, let me just share one of our members and rich co came to one of my events, I was running my business escape the rat race. And Rich CO was working full time she was working for an airline company, and she wasn't really enjoying her job. And she thought there's got to be more to life than just keep turning up and doing the same thing every day. And she was exploring. So at this stage, she wasn't really sure what she wanted to do. Anyway, rich co started an online business. And then when I started working with Kevin at wealth builders rich CO was interested about what we're doing. And so rich co joined is one of our founding members and rich code switch from her online business to focus on property. And she really enjoyed property and she bought her first buy to let, and then she got her second and her third. And I think she's now on about 10 by two let's since she joined in 2019, rich CO was able to quit her job. And she's now focusing full time on her own business. So that's just one example and a very common one as well. Wealth builders have got over 200 reviews on Trustpilot. And not just reviews, but five star reviews. Go and see for yourself, you know, we're very open, very transparent. And our members are genuinely appreciative of the support the guidance, the trusted community, the education that we provide, and you'll see those words come up time and time again. So please feel free to search wealth builders on Trustpilot go and read through those reviews for yourself. Just to give you peace of mind if if you need it. Alright, so what holds people back is really start to think about wealth now and where you are in your own personal journey to becoming financially independent and wealth can mean different things to different people. Okay, so, you know, typically we're talking about money tonight, but you know, wealth is a lifestyle, the amount of time you have, you know, you're stressed, obviously your health. All of these things are tied in and at the end If the day is really about happiness, it's about just enjoying your life. And if having a certain amount of money is important to enable you not to have to do things that you don't enjoy, then that really is something you need to be focusing on. And you need to get clear on exactly how much money you do need. And this is one of the first steps that we we take with our members is really crunching the numbers to find out well, how much do you actually need to cover all of your essential outgoings every month. And then once those are covered, how much would you then need on top of that, to live the life that really money's no problem. So if travel is important to you, if looking after family is important, if having a nice house, a nice car, nice, you know, luxury items, whatever is important to you. That's what we work out. And then we start to put the plan together from there. So here's some of the common things that we hear over and over again, oh, you know, just haven't got enough time, or I just really don't know where to start, right? Just so much information, don't know where to begin. And sometimes it's a lack of support, and maybe you yourself now are on this webinar, when your partner, husband wife, is watching TV or really just not interested. And they said, Okay, you just go off and watch your thing, they don't really get it. Now, perhaps they're very supportive of you, but they don't really get it in the same way. And sometimes that can even lead to issues where, you know, they really quite worried they think that you might be risking things. And you know, family members tell you Oh, don't do that, you know, you're going to lose money. And that can dampen your confidence, and it can often hold people back. So they never, ever do anything at all. And they look back in 1020 years, and it's too late, and nothing has changed. So hopefully that won't be the case with you. I showed you here a nine step roadmap of three stages there. At the bottom, you've got stage one, building confidence, stage two, building knowledge. And stage three is building assets, our promise, as I said, to show you how to start 2023, building cash flowing assets in just two hours a week. Because time is precious. And I know a lot of you are working full time families, so you don't have a lot of time. So how can you do this? How can you get going? Alright, so to recap on these three roadmap stages, stage one, we will begin, which is building confidence. There are three steps in stage one, and the first step is mindset. Step two is Foundation. And step three is what we call a roof. So I'm just going to quickly cover these so you get a better understanding of well, how does this all work? What am I missing? What am I not doing? That I need to accelerate my own progress. So step one, let's look at mindset. Now there's many aspects included in step one, but one of the key things that we kick off with with our members is something called wealth dynamics. And this is an online assessment, which was created by Roger Hamilton and entrepreneur based out in Bali, founder of the entrepreneurs Institute, previous mentor of mine, actually someone that I respect very highly. And Roger created a test for entrepreneurs. And we give this assessment to all of our members who joined the wealth builders Academy, it helps you understand what your natural flow is, as an entrepreneur as a business person. So where should you be focusing your energy and your time to get the best results. And this is so powerful, because, you know, once we kind of know what type of people we are, you know, we're in very outgoing, some of us are very introvert, some of us are very creative, you kind of know that about yourself, right? But when you take this assessment, it really hones in and gives you ultimate clarity over the things that you're really good at, and the things that you're not good at, and the things do not go that is where you need to start building your entrepreneurial team around you. But it's not easy to do that. But within the wealth builders community, because everybody has taken wealth dynamics. Everybody knows what their profile is. Everybody knows how they can help one another. So the networking, the connection is on real purpose, not just random. But when you take this assessment, it all becomes clear as to why perhaps what you've been doing up until this point hasn't been working, and what you need to do differently in order to start seeing more success. So this is just one of the aspects of step one mindset. There's probably another 10 lessons included in this step. But of course, I can't go through all of these. with you tonight. I'm just giving you a little sample just to help you get a bigger overall picture of what the process is to help you achieve financial independence. So first step, know yourself. Alright, step two, is what we call the foundation. Now some of you may have joined our recent challenge that we held before Christmas, it was called the debits challenge. And we've created an acronym in fact, Kevin created the acronym because he loves an acronym and it's a really good way of remembering things and the debits process step two foundation is all about assessing the money coming in and out of your life. Now, there's many areas where perhaps we're overpaying. So I'm not just talking about things where you know, you've got subscription coming out of your bank account, you haven't cancelled, you know, you're paying a bit too much for your sky. Those are important, make sure you do review those things each year. But there's hidden fees, there's money in our lives that are just often overlooked. And we teach you many, many ways within the debits process to uncover hidden money in your life you didn't know existed. And you can see there what the debit stands for, it's managing debt. And debt is a double edged sword, good debt, bad debt, understanding the use of debt education. So one thing we teach our members is that education is always the first step, you need to understand what you're doing. So when it comes to an asset, when it comes to a strategy, you can't just go in without any knowledge of how it works. So you need to get some education. And there's different forms of education out there. Free education, plenty of that out there. Sometimes there's paid education, and there's people who will teach you, and the choice really is yours. But you've got to get some education, you've got to understand things. And we teach our members often how they can get paid education for free. And there's certain strategies that we help our members to use in order to do that. And again, it's really just leveraging it's understanding what you've already got in your life, and how you can leverage that, to get education for free bills, reviewing bills, you know, easy way to cut costs, and when you cut costs is about what do you do with that money that you've now saved, it's not just to go out for a nice meal, well, they could do that, you know, treat itself, but it's really about deploying that saved money into wealth building activities. So putting it into some investments, putting it into deposits, putting it into a new business, different ways, insurance, tech stock market, not going to go through all of those, but stock market certainly is a big one, because that's where we really dive into the hidden fees, around investments and pensions. And we can often help reduce those fees by up to 50%. And when you work out the savings over the long term, that compounded growth, it can come to many, many 10s of 1000s of pounds that stay in your pocket, rather than paid to experts and fund managers and people that really, you know, you don't need necessarily with a little bit of knowledge as to how you can manage these things yourself. So David's process step two Foundation. And in step two, we also look at the five levels of wealth, which is really how much do you need to be financially secure? And how much do you need to be financially independent, I just share with you another story from one of our members. And this is Luke. So Luke joined us as a founding member back in 2019, along with rich UK, and Luke went through the debits process only took him a couple of hours, but he saved a total of 3700 pounds, okay, and Luke was already in property. So he was able to put some of that money back into property. And his sense formed a joint venture with another of our members. So what we find is when our members really start to build relationships with one another, because it's such a trusted community, everyone's talking the same language, they understand the seven pillars, they know what we're talking about when we say debits. So our members really build very strong relationships. And over time, some of those relationships lead to partnerships, working together on property projects, lending money to one another, or even starting businesses. In the case of Luke, we set up a business with one of our other members, John, John is now one of our wealth coaches. So you can see the relationship aspect of what we do at wealth builders is really important. We're not just here to sell you a course. And then leave you to it. We are with you every step of the way. Support is absolutely paramount to us. And the support provided in all different ways, whether it's group one to one, help desks, Facebook groups, do your own research, have a look at the Trustpilot reviews, you will see for yourself that what I'm saying hopefully is backed up by what our members are saying to. So there's some proof the debits process, what about if you could generate 3700 pounds of savings just in a couple of hours by following that process, too. And Luke, since joining us has also been able to quit his job, which was a real ambition of his so well done to Luke. And just another quick example. This is Adnan. So I mentioned about reviewing pensions. Well, one of the big things that we ask all of our members to do is actually look back and make sure they haven't lost any pensions. And you might think well hang on a minute, how can you lose a pension, but you'd be amazed to know that there are 20 There's 20 billion pounds worth of lost pension money in the UK. I'm absolutely serious. Okay, so an unbelievable amount of money that people have simply left behind or forgotten. And especially women, because when we get married, their names change and pensions get lost. and forgotten. So, you know, for anyone, if you've worked in, you know, a number of jobs, even if it was a long time ago, and you think, oh, there won't be anything there. Well, if it was 2030 years ago, and what might have been a little pension, then might be quite a significant amount now. And whilst ATM and found 50,000 pounds, the most amount that we've had one of our members find is 250,000. So it's worth looking back. If all you do from tonight is take a little bit away, then please do check your pensions, and at NAMM was able to reinvest that money back into a SAS, which is a type of pension that we help our members with for business owners, and use that for building his property portfolio. And the final step here. So there's three steps in the foundation stage, all about building your confidence. Step one was mindset. Step two was Foundation. And step three, here is what we call the roof. And if you're listening to the podcast, you might have heard myself and Kevin talk about the roof a lot, because the roof is really important. And this is the protection of you, and your assets. And the reason why it comes early on is because you really want to get these things in place before you start to build wealth. Because if you're already building wealth, and you don't have wills in place, you haven't got powers of attorney, and something goes wrong. Well, you know, maybe you know from experience or you know of someone, but it's a very, very difficult situation that you will find yourself in. And we don't want that to happen to anybody at all. So just by getting the wills done, right, or if they're old, get them on eight, it makes sure place, certainly with the powers of attorney, and we teach other things in the roof as well. So looking at homeownership, there's different ways that you can own your home, something much more,
you know, beneficial to you than others, and also the use of trusts and looking at life insurance, you know, have you got life insurance? Is it the right type of insurance, is it held in the way it should be held. So the roof is something that's perhaps not the most exciting, you know, the wills perhaps been on your to do list something you know, you've got to do, you don't get around to it, one of those things, just keep putting off putting off while we make sure you get these done. Okay, so that is the first stage of the roadmap. Let's look now at stage two of the roadmap. Stage two, we called building knowledge. So once you've got the foundations in place gives you peace of mind, you know, you know that what you're doing now is on on a firm foundation that you haven't got any leaks in your bucket, you've got money disappearing in holes that shouldn't be there, now's the time to start learning about the seven pillars since step four, we call that assets. And we refer to assets as pillars. And there are only seven pillars, wealth builders logo, you can see it's compiled of a foundation, at the bottom of a roof of the top, and of the seven pillars in the middle. And this is our aim is to help you get all of this in place. So you have an extremely strong structure. And the more pillars you can have, the stronger that structure will be. If you're just relying on one source of income, one pillar, and that pillar disappears or falls down, and the whole thing comes crumbling. So the more pillars you can put in place, the better. And the seven assets got three on the right hand side home capacity, pensions, and investments. And on the left hand side, starting at the bottom property, portfolio, business intellectual property. And joint ventures is on the right hand side, the home, your pensions and your investments. These are typically what we call the traditional pillars. So you know, for generations in the past, parents, grandparents, this is typically how people have built their wealth, they've got a home, they've had a pension, perhaps they've worked somewhere for majority of their life and pensions built up with that same company. And they've put money into some kind of savings or investments, you know, stocks. And for the most part, that is what people are relying on when it comes to retirement. Now for those who can remember back to 2008. And even more recently, but 2008 When we had the big financial crisis now, for those people who were about to retire then, and they were banking on their home. They were banking on their pension, and they were banking on new investments. Well, we all know, they had a pretty nasty shock because the price is dropped by about 30%. So pensions obviously invested in the stock market. You know, we've got the housing market, and then your investments in the market as well. So you have no control over that. So I think someone said control, and that's exactly right. You know, you can't control the housing market. No, you can't control the stock market by yourself. So you really are riding a bit of a roller coaster. So, if that is your retirement plan, now, I'm not saying it can't work, not saying it doesn't work, I'm just saying it's risky, because you can't really guarantee that that's going to be, you know, how you want it to be at the right time. Now, the four pillars that you can see on the left hand side there, these are what we call the entrepreneurial pillars. So the entrepreneurial pillars you do have a level of control more control with because can build a property portfolio, which can generate cash flow for you. So you're in control, obviously, of the different types of property, and you're in control of the tenants, the business, our business, you know, whilst difficult to create a successful business, the returns that business can generate, can, you know, can can be infinite almost, you know, if you're good at marketing, if you're good at generating new business, then it can be extremely profitable, and very high cash flow, you don't easily generate cash flow from the three on the right. Okay, pensions, you have to wait obsolete till later in life. In the stock market. Yes, of course, you can get dividends, again, not necessarily reliable, those will go up and down. But the pillars on the left, more control, and much greater returns. So those are some of the differences now, what you can do is really use those three on the right as the fuel to power, your entrepreneurial journey. So obviously, if you have a home, and has equity in that, you know, builds up over time, and that money is just really dead money sat in your property. Now, you might be very happy with that you might want to pay off your mortgage, and just that is, you know, your kind of comfort area. But for some people, they want to use that money, they want to take that money, they want to make it work for them. Same with pensions, most people think that is just a box that you can't touch until you're 55. Well, that's not necessarily the case. And wealth builders are, you know, one of the leading experts in the UK with helping people, business owners understand how they can leverage their pensions before the age of 55. So if you're a property investor, if you're a business owner, then that's the type of pension, which we help a lot of people with what's called a SAS pension not going to go into a lot of detail on that SSPs, you can certainly reach out to us, you know, separately, we'll send you some details. But yeah, so essentially allows you to access your money now, and really make that work a lot harder than it is set in the stock market. And the same with investments, you know, what's the return you're getting on your investments, if you're happy with it, great. If you're not, perhaps you can take some of that money and take it across to the other side, put it into a business, put it into property. And intellectual property is really something that we've all got, it's turning your knowledge into something that can be created once that sold over and over again. So perhaps you've got an idea, you can patent that you can create a franchise you can write a book, you can teach what you know, in a course, and something that can be sold 24 hours or you know, you can get some kind of royalty for and joint ventures is the final pillar their joint ventures is really bringing value to people coming together. And sharing that value through an income stream, which can benefit you both and joint ventures very popular, of course, in property. And in business. Of course, there's many ways to joint venture as well. So you can see there a lot more control a lot more ability to earn a high degree of cash flow, there are seven assets, you need to understand those. And once you do understand them, then you can start to eliminate the ones which perhaps are not suitable for you at this moment in time, and focus on the one or two that are most suitable. And that is what we help you to do inside the academy. So perhaps you don't know where to begin, we will use our expertise, and our coaches who will be able to work out which the white right winds up for you to begin with. We are about community, we see the power of working with other people that are like minded. And if you feel a little bit on your own with this wealth building journey, then you know, perhaps this is something that will help you to get the confidence and you know, see other people that are succeeding and be able to talk to them and ask them what they've been doing, you know, and get that guidance that perhaps is lacking right now. Step five. So we're in the middle of our roadmap. Now we've gone 123 along the bottom, we're now on the middle row, and we're five bang in the middle of our nine step roadmap. And this is key. So leverage is all about looking at different areas, things you've already got in your life that can help you to build more wealth. And when we're talking about leverage, people often just think about financial leverage. Okay, so what money they've got what's holding me back? Well, I haven't got any money, right? I just can't do anything. Well, yes, that does hold you back to some degree, but it shouldn't stop you from starting. And, you know, we know that a lack of financial leverage is not a reason to stop building or to not start building wealth. So a run through FYRST another acronym Kevin created fun antral leverage could come from your home, could come from your pension could come from cash that you've got could come from investments could come from savings could come from your property portfolio could come from your business, you know, could come from other people that you know, so financial leverage is all around. All right? Intellectual leverage, we've all got intellectual leverage, we've all got experiences, we've all got knowledge, we've all done stuff in our lifetime. And most of us have got interests and passions. So things that we know a lot about, that perhaps other people don't know as much. And there's often a case where people will pay you for that knowledge. So using your intellectual leverage to start generating income, relationship leverage. So this is either close people around you, relationships, such as family, friends, work colleagues, or people like coaches and mentors. So really leveraging the people around you, not a bad way. Leverage isn't about, you know, bad things, it's about working together, it's about making the most of the opportunities that are all around us systems. So once you start build a business, or perhaps even at work, right, how can you systemize things so that you're more efficient, so that you create more time, which is the final piece at the bottom? Because you've got to leverage your time, you know, you got to make sure that when you're focusing on wealth building activity, that it's income generating activity, not just being busy, you know, sometimes we get to the end of the week and go God, he's so busy this week, right? But actually, you look back and you think, what have I achieved, you know, I've been busy, but I haven't actually generated any results. And we don't want that to happen. And that's why we have coaches. That's why we have one to one coaching, because they get to know you, and they hold you accountable. And there's no hiding, you know, you've got your coaching call coming up. And you can't say I've been busy, busy, busy, because they'll say, Okay, what's the results now, what's actually happening to move you forwards. And that's what we all need. Alright, we need someone to be a little bit tough with us, who's been there, who knows what needs to be said, in order to get some results. So leverage a lot more involved. And as I say, I'm just pulling out little bits from each of the steps. There's so much more we teach within each of these steps, but I'm just giving you a little flavour. And hopefully, it's making sense, and hopefully it's helping you. Right, so now another member just quickly shared Neil's story, Neal joined a bit more recently, only a couple of years ago. And Neil lives up in Scotland got a very, very sort of full on sales job, like, you know, global executive sales person, and he's still found the time. So the excuses that people have aren't too busy. Well, you know, what, if it's important enough for you, you can find the time. And Neil again, leveraged the community. So Neil didn't have all the answers. But when he didn't have the answer, it posed a question in the Facebook group. Other people comment, and he now is connected with so many people always see photos of him, you know, meeting up and having lunches and property networking events. And it's really, really good to say, and Neil leveraged some of the existing assets. So as I said, he had a, you know, a good job. So he was bringing in a good income, but it wasn't generating any cash flow from any assets. So quickly turn around, after following the steps that we that we taught him, I hats off to Neil, and we interviewed Neil as well on our wealth talk podcast, and many, in fact, rich CO as well. So I'm sharing a little bit of their stories. But if you want to actually tune into the wealth talk podcast, and have a listen to them explain exactly how they did it themselves, then head to wealth talk.co.uk. All right, then. So the final step of stage two. So we're talking about knowledge here. So we said about the seven pillars, so you've got to know your pillar, once you've got clear on which pillars you want to focus on, then you've got to know where your leverage is coming from. So you've got to work out, have I got financial leverage in some places, relationships, going through that we've got a matrix which we help you to fill out so you can really pinpoint where your leverage is. And then the final step, then is, what's your strategy going to be? And you've got to focus on really one thing, all right, it's easy to get distracted by lots of ideas. But once you know what pillars are, in no way leverages, it makes it so much clearer on what the right strategy is for you. And I'm just sharing one of our frameworks on the screen now. So properties are really popular pillar for our members. And, you know, we know the love affair that the UK has with property, and it's very easy to duplicate, replicate. I mean, alright, people have been doing property for a long time. Yes, it's getting a bit more difficult. Now, the government has made some changes. So, you know, it's getting harder to make the same profit that used to be able to make, but property is still a very good asset class. And there's so many different strategies within property. So we've created lots and lots of frameworks to help you and this is just It's an example of one of 200 different frameworks that we have inside our academy workbook, following the process. So I've shown you knowing yourself, which part are you good at? You know, are you good at fixing and doing things or project managing other people? Are you good at the numbers, and the finance and the deal analysis, you know, you're not necessarily good at all of it. So focus on your strengths, and find other people around you that can do the things that you're not so good at, or that you don't enjoy. And when we get to step six of our roadmap, and if you remember I said 60 days to create your financial plan, and then 60 months to financial independence, well, within the first 60 days, hopefully, you've gone through these first six steps. And this is where we then assign a wealth coach to our members. And we choose the coach that we think is best fit for, for our members, based on the strategies based on your wealth dynamics, based on your targets, all sorts of factors. But all of our wealth coaches and have followed the wealth builders process, as some of them are mentored directly with by Kevin many years ago. In fact, a couple of them, John and Toby, are past members. So they've been through the programme, they've achieved their financial levels, and both quit their jobs and now wanting to give back and help other people to follow in their path. Our wealth coaches are there to support you to give you guidance every single month, and it's a one to one coaching call. So as I mentioned earlier, the programme, the wealth builders Academy, initially, it's 12 months, because it takes that amount of time to really get clear on your own plan. And you will have a coach every month to implement that plan. All right, the same coach, so you're not switching from one person to the next every month, starting again, telling them what you're doing your coach, and you will build a strong bond. And they are there to really, really make a big difference in your life. I'm gonna go through the third stage with you now, of the nine step recurring revenue roadmap, Step seven, eight, and nine. So stage three is all about building assets. So now you've got a plan, it's now about implementing, taking action and generating some income. Let's look at step seven, which is focus the wheel of wealth. Now, the wheel of wealth, you can't cheat the wheel. Okay? This is a specific process that we teach you. When it comes to
any strategy, whether it'll be a property strategy, whether it's business, whether it's writing a book, whether it's doing a joint venture, you must follow this process. Now I talked earlier, about importance of education. So step one of the wheel is five, five stages, five steps of the wheel, let's call them stages, stage one of the wheel, you've got to get some education, right. So let's take an example. And I'm just going to stick with a single property just because as I said, it's one of the most popular, let's say, we've created your map, we've looked at all of your current assets, and we've decided, okay, property, that's something you're interested in. If you follow certain strategy, you'll generate X amount of money. And over the next five years, if you continue on that trajectory, you'll generate enough to be financially secure, or financially independent, hopefully, in that period of time. So we begin, what do you know about property? Okay, you might know something about property. But perhaps you wanted to do a strategy like HMOs. And you've never done HMOs before? So we'd say, Okay, how are you going to find out about HMOs? Well, you could get the rest of the community. So there's lots of people in the wellness community doing HMOs, you could go there could post a message, we could connect you up, and you can meet up for coffees, that might be one way you get your education. You might read some books, you might go on some webinars, might listen to some podcasts might get in some Facebook groups, free education. Or you might say, You know what, the someone who's done HMOs. And they teach it, you know, they do a HMO course, online or face to face. And you might choose to pay to go along. And that might be how you want to get your education, we will never force you in any one way, we have got an overview of all of the assets, we will teach you
enough for you to get going. However, some people like more education, alright, so. So that's the starting point. However, you get it, you need some education. The second stage is support. So who have you got around you to support you, where you can speak to them, and you can bounce your ideas, and they've got some experience. They've been there, they've done it, they can guide you, they can tell you what's wrong. You know, what you shouldn't be doing what you should be doing. And they're not just there to try and upsell you. As I've said before, unfortunately, you've seen this a lot. You know, all if you want that information, you got to pay an extra 10k Whatever, right? That's not it's not what we do this Support comes from your coaches, the support comes from Kevin and myself, the support comes from our team. And the support comes from all of the other worlds that are members in the community with you. Okay, so unbiased support. Once you've got that, then you need to start connecting. So if we're sticking with the example of HMOs, who do you know who's already got her an HMO, a successfully turn the wheel on the HMO and is generating an income from it. So if you don't know anyone, then again, come to us. And we'll say, okay, his phone. So in the community, they've done HMOs, they live not too far from you. Go and have a chat, right? Go and have a look at the HMO. Go and knock on the walls and, you know, kick the skirting board and see if this is for you. So the connection pieces to really ask questions, whatever it is, as I said, you know, could be any strategy could be business, selling things online investing, speak to someone who's already done it, ask them questions, and get a good feel whether this is right for you. Now, sometimes when you're turning the wheel, and you're following this process, some people get to this stage, and they say, you know, what, I've been in had a chat with someone, I'm not sure this is for me, you know, I just don't think I've got the time. I don't know if it's going to keep my interest enough. I'm not sure I've got enough money to do it. And they put the wheel down. And that's a really good thing. Because we don't want you wasting time and energy, doing things that are not going to work for you, or going down some rabbit hole that is completely the wrong path. So if you can follow this process, and quite quickly ascertain that it's not the right strategy for you, or it's just not the time, right time for this strategy, then you can pick up the wheel and start again with another one. So by following this process, it will keep you safe, it will save you money, and it'll save you time. Now, if you get to that stage and you say, Yep, all sounded good so far. Next thing is due diligence, a piece that's often skipped out, you know, especially for those creative types. And those Blaze types of you who just thought about getting out there just doing it, you know, don't worry, it'll be okay. Due Diligence, right, making sure you understand what the rules, the regulations, the laws, and also what happens if something goes wrong, you know, how you're going to minimise risk, there's risk in everything, okay? When it comes to building wealth, there's always going to be an element of risk, but you minimise that risk, mitigate the risk as much as possible. So we teach you how to do due diligence. And you know, that's an important step, once you follow that, then you're really ready to make a decision, you're going to turn the wheel, you're going to follow this strategy, you're going to execute on it or not. And if you decide to, then you take Guided Action with your coach, to turn that wheel, okay, so this is a really key part of the wealth building process. And as I've said, you already, you know, keep you safe, and will help you save time and money. So successful will turn should generate results, which is Step eight. And these results might come in the way of cash flow or capital. So you know, actually doing a flip, or just some kind of big deal in business, you might generate a lump sum of money, that's good, obviously, put that back into the wealth building. However, we focus on cash flow, okay? Because cash flow is money, you can spend, you know, in order to be financially independent, the goal is to have enough money coming in from your assets every single month, that replenishes every single month, and that you can spend, alright, so that you can do whatever you want to do. You know, you have the lifestyle, travel, look after your family, good causes, whatever it is for you. But that's really, our definition of wealth is having enough money coming in every month, so that you can live the life that you want. And so we measure the cash flow, and we'd send you out a wealth chart, it's a big a one chart when, when people join the Academy, and you write up your goals, targets every month, and you have your thermometer and we send out pens, and you can write on the chart, and it goes up to 10,000 that thermometer 10,000 a month, because that's the average that our members say they would like to achieve in order to be financially independent. Now, your target might be higher, your target might be lower, it's completely up to you. But 10,000 is the thermometer. So as you start adding more recurring income from different things that you're doing, then you start filling that in. And again, just a visual reminder that you're on the right track the moving in the right direction, and success or results, I should say, don't always come in the form of income. It'd be foolish to think or for me to try and you know, suggest that every month you're going to see more income, more income, more income, the process doesn't work like that. You might go several months, you might go six months, you might go 12 months, working on something until you actually finally see that that money starts to flow in. Okay, so it might be a long time where actually there's nothing to update and you know, that's where checking in with your coach every month because you don't want your confidence or your motivation to drop. Your coach is there to say look, keep going Don't stop, alright, you're doing the right stuff. And if you keep on doing this, it will work. And then eventually that money comes in. And the idea is once it starts to come in, it doesn't stop, okay? Because the way that we teach you to build assets to build recurring income, is that it's continuous for lifetime. All right, that's the goal. Doesn't always work out exactly like that. But the goal is as many assets generating an income, whether it's businesses generating profits, its intellectual property that's generating royalties, its properties that generating rental income, you know, it's no solar panels on your house, which are generating a payment for you. Many, many ways there are okay, is they start building them up, building them up, building them up, and that's monitor just keeps on rising. Okay, the final step then is accelerate. So the key really, to get into financial independence, is to have multiple pillars, with multiple strategies all working to generate multiple streams of income. And of course, the more pillars you can have, the more secure you are. Okay, so if the government changes, some rules, mortgages, interest rates, what you can claim for what you can't claim for, you know, the change the rules of nature, most whatever it might be, right, if all your eggs are in one basket, that could be fatal. Alright, your income could get wiped out overnight. So you want to try and diversify as much as possible. All right, so So that's the nine step roadmap, and hopefully that makes sense to you. And you can see that there's a very clear structure, which, you know, was really been years in the making of, you know, I guess, just really putting that into a format, that's easy for people to follow. And as I say, whilst everyone's following the same roadmap, everyone's plan will be individual. All right, and we take time to work on your plan. And your coach is there every month to work on your plan. The goal is financial independence, okay, financial freedom, some people call it and Paul Rambla, another great example. Now, Paul, again, started in security, what was key for Paul was more time with his family. And he used Kevin as a sounding board. So you know, use Kevin was a mentor, and Paul are now generating Well, in excess of 10,000 pounds per month, I spoke to Paul last week, actually. And, you know, as we often find, once you start to get up to security, then the road from security to independence is is really a lot quicker, because you've got the momentum, you know what you're doing, you've got your team around you, and your confidence. So Paul's now heading for abundance. And, again, really wanting to give back, you know, share everything he's learned to help other members, perhaps it's really important for you to build something that you know, you'll be able to pass on to your children, to grandchildren, you know, down to generations for years to come. And this is a huge part of what we build into the academy is how to build a lasting legacy. Kevin and myself are actually working on our next programme, which is wealth builders, for families. So you know, teaching you the skills and the lessons to be able to pass on to your children, so that they're ready, you know, to take this on, when the time is right, they understand. They're already thinking in the right way. So exciting things to come. And hopefully some of those reasons resonate with you. The title tonight was how can you start building cash flow and assets in just two hours per week? Right. So perhaps I should just outline a bit more about the two hours per week? Well, we know that many of our members are busy. Many of our members are working full time. They've got families, you know, they're doing extracurricular things, perhaps, you know, members of the church. You know, there's not a lot of spare time. But I think everyone can find that at least two hours per week. So if you add up, it's about a day per month, okay, eight hours a month, eight hours is the minimum, really, that you need to start making progress by following this plan. And the way that that would break down is, you know, couple of hours going through some of the training some of the content, and a couple of hours joining our monthly masterminds, having your coaching calls. So coaching calls, 30 minutes each month, very focused. So you know, straight into it, what are the things you need to discuss? What are the actions you're gonna take, and then you have steps for the next 30 days that you can go off and follow. So you know, adding that up, and then having some time to actually go and implement things right as you go out, if it's talking to people about business ideas, if it's, you know, having coffees to set up potential joint ventures if it's going to view properties, you know, so adding all of that up, if you've got eight hours a month, two hours per week, it's enough. Now what I find is when people start to get clear on their plan, suddenly they start to find more time because When you start to get infused, when you start to actually see that there's a light at the end of the tunnel, when you can actually see that, yes, this is working, you start to get more motivated, you get up a bit earlier, you know, you find an extra half an hour here or there, you make a few more phone calls. So it's funny how the time appears, once you start getting excited by your plan. And it's our intention to get a clear plan within the first 60 days shocking statistic 95% of people in the UK never achieve financial independence. You know, most people are not shown how to achieve financial independence. Of course, not everybody wants to achieve it. But if we're in a room full of 100 people, and I said who would like to be financially independent, I'm pretty sure most people would be putting their hands up, right? What's inside the academy. It's all of the Online Video Training. It's the monthly mastermind sessions. It's the monthly one to one coaching calls, like mine, a community online support desk, that buddy groups, our trusted professionals, and our promise to you, to help you create a clear plan within 60 days. So if you're interested in finding out more, then your next step is to book a free financial GPS call with me. And on this call, I will go through your current plan. We'll look at each of those seven pillars together, we'll work out how much do you need to be financially secure? How much do you need to be financially independent, we look at how much time you've got to put to this, look at anything that's holding you back. And we'll show you how you can start to put your own plan together. And if you feel that the wealth builders Academy could be a place that you think you could fit that could help you to put that plan into practice, and I feel the same, then I will invite you to join. So there's no pressure, there's no sales, it's just an opportunity for us to get to know each other better for me to give you as much help as possible on that call. And then if the wealth was Academy is something you'd like to find out more about, we can talk about that. There and then okay, so head to wealth builders.co.uk forward slash GPS, and grab a space, I'd love having these calls. I really, really do head to wealth builders.co.uk forward slash GPS.
Okay, abrupt ending there. But hopefully you got some value out of today's episode. And hopefully you're very clear and out on exactly what we do inside the wealth builders Academy. And if you would like to join us, or simply just have a chat with me to go through your own plan, and either see if you're on the right track, or get a few pointers as to what else you could be doing to start building more recurring income streams in your life, then book a call with me completely for free. Wealth builders.co.uk. Forward slash GPS is the link to go to right now. Get that booked in. Let's go through your plan. And let's make 2023 your best year yet. Now. I am looking forward to speaking with you. And I'm looking forward to seeing you again next week. And before I go, if you enjoyed today's episode, if you think someone else might benefit from it, then please hit the share button, share it with them. And I'll be happy to have chat with them too. All right, then you take care. We'll catch up Same time, same place next week.
Unknown Speaker 53:17
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