WT009: The Wheel Of Wealth
In today's episode we talk about Kevin's "Wheel of Wealth". Make sure to tune in to find out what exactly the Wheel of Wealth is, and what the different components are.
WealthTalk - money, wealth and personal finance. · Kevin Whelan and Christian Rodwell
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Show Notes
A handy reminder of the WealthBuilders model and the different elements that have been discussed in the first 8 episodes. But how does it all connect together to actually begin generating recurring income? The answer is by turning what Kevin has coined as ‘The Wheel Of Wealth’. In this episode you’ll find out what the 5 different components of the wheel are ...and why you can’t cheat the wheel!
In this episode of WealthTalk, Christian and Kevin discuss:
- Recap of the WealthBuilders model: Foundation > 7 Pillars of Wealth > Roof
- Why it’s important to begin with the end in mind when thinking about wealth
- The 5 steps of ‘The Wheel of Wealth’ - the unique process that must be applied to any asset in order to generate recurring income
- The dangers of skipping any of the steps that make up the wheel
- The consequences of skipping step 4 is that your wheel might start to turn backwards!
- By following this process Kevin believes you can reach Financial Independence within 3-7 years
Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk
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