The Wheel Of Life

Step one of our relationship with you at Expert Wealth management is to work with you to establish what you want to get out of life so we can support those goals. But what if you don’t know yet?

When life is busy, or all our energy is sometimes focused in a particular area, it’s all too easy to find ourselves off balance, not paying enough attention to important areas of our life. While we need to have drive and focus if we’re going to get things done, taking this too far can lead to frustration and stress.

The Wheel of Life can help. It’s is a simple but powerful tool designed to help you get a graphical representation of the present balance between different areas regarding your personal life or organisation, and identify which will most benefit you by improving. Its typically been used in the context of “Life Coaching” but is equally relevant in financial planning, especially at the start of a client relationship. It can help to get you “into the helicopter”, a place where you can take a step back and look at your life holistically and with objectivity.

It can help to get you “into the helicopter”, a place where you can take a step back and look at your life holistically and with objectivity.

One of the great things about this approach is that you can use it to decide on your focus, for example your personal life or your business, and create your own headings to review.

The Wheel of Life example here uses a typical overall 8 sections of your life; you score your sense of satisfaction for each category, with 0 being worst and 10 being best, and enter your score in the box adjacent to the relevant segment, or shade it in.

Expert Wealth Management can then work with you to discover what your scoring means, using the central metaphor of “if this wheel were a tyre on your car, how bumpy would the ride be?”.

David Crowe

About the Author

David is an Executive Coach with over 20 years experience working with individuals on areas such as career transition, enhancing performance, career development and building confidence, typically with senior Executives in organisations. He also runs several in house coaching training schemes. Read more from David Crowe... or visit the Crowe Associates site.
This article is distributed for educational purposes and should not be considered investment advice or an offer of any product for sale. This article contains the opinions of the author but not necessarily the Firm and does not represent a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but is not guaranteed. Past performance is not indicative of future results and no representation is made that the stated results will be replicated.
We’re both grateful for the meeting which has made us more confident of finances going forward. Like you always say, “keep doing what you’re doing”. A & RA (Worcester)

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