February 6, 2023

The Financial Wheel of Life

The wheel of life is oft used in the area of personal development by such luminaries as Jack Black and Tony Robbins. I have subsequently adapted it to a financial wheel of life comprising what I believe to be the 8 core components to a person’s financial life/wheel, namely: Income, Savings, Banking, Tax, Retirement Planning, Budgeting, Protection Planning and Estate Planning.


Your level of knowledge, proficiency and planning in each area can impact hugely on how your financial future will evolve. We provide our clients with a copy of this wheel and simply ask them to rate on a scale of 1-10 (1 being bad and 10 being the best etc) their approach and level of satisfaction with each area. This is the start of their “Financial Blueprint” from which we build a robust financial plan around. The results obviously vary from client to client but as the saying goes “a picture paints a thousand words”.  From their results and “drawing” their wheel people can see very easily how solid their wheel looks and going forward how smooth their journey will be.  Our aim is to get everyone to a “10” to ensure as smooth a journey as possible towards their financial freedom. So ask yourself if you rated your approach to each section on a scale of 1-10, joined the dots on the corresponding numbers, what would your wheel look like?

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