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.
If you want great service from highly qualified, friendly Financial Advisers with a thorough investigative approach and measured, thoughtful advice - use EWM!!! J & ST (Abingdon)

Expert Opinion…

Quarterly investment report July 2018

Dominic, July 12th, 2018

The aim of this report is to demonstrate how the performance of EWM investment portfolios compares to that of other investment management groups. To do this we use Asset Risk Consultants (ARC) Private Client Indices.

Read More
Living on planet GARS: Lessons in how (NOT) to invest

Abraham Okusanya, June 12th, 2018

A recent article in the Guardian is the latest indictment of the Standard Life GARS fund. The fund has underperformed on virtually all imaginable benchmarks over the last three and five years.

Read More
Some thoughts on bonds…

Dominic, June 11th, 2018

Challenging times In response to the very low yield on bonds, some investors have been tempted to chase higher yielding bonds, in an attempt to squeeze some return out of what feels like an unproductive portfolio allocation. This is, unfortunately, an accident waiting to happen. The phrase ‘picking up pennies in front […]

Read More
T: 01993 772467      F: 01993 775067      E: advice@expertwealth.co.uk

Expert Wealth Management, West Wing, The Old Dairy, High Cogges Farm, Witney, Oxfordshire, OX29 6UN


Your Protection: In the unlikely event of your ever having a complaint which we have not been able to resolve amicably, you have recourse to the Financial Ombudsman Service (FOS). This is an independent body which will investigate complaints at no cost to you.  The FOS website is www.financial-ombudsman.org.uk.