Work Life Freedom

Find Balance With the “Wheel of Life”

Phew! The last work week of the decade for me was a busy one in Baltimore.

There were lots of amazing things going on.

Before flying back to Baltimore, I went to a soccer match with my son Josh.

When I’m back in the U.K. I play full out with my family. Date nights and lunches with my wife, daily school runs, PlayStation with my son (I get beaten at any game we play) and watching live soccer.

Carl Allen, his son at Burnley F.C. Match

Josh and I at a Burnley F.C. match

Managing everything that demands attention in life is a constant struggle for many of us. I use a very cool tool called the “Wheel of Life” to make sure my life is balanced across seven key areas:

  • Family and relationships
  • Physical health
  • Finances
  • Work, career and mission
  • Contribution to charity and community
  • Time management and productivity
  • Mindset and mental state.

You score yourself for each area on a scale of 1–10 — one being the lowest, 10 the highest.

If you are equal (hopefully high) in all areas, your life will purr along like a smooth wheel on a car.

If you have spikes in your evaluation (e.g., family is a four, health an eight, finances a three, etc.) life will be rather bumpy.

For any area where you score less than five, you must list three things you can do immediately to raise your score.

This is where my Wheel of Life stands today. I’m pretty happy with most of it, but as you can see I still have work to do in a few areas:

Back in Baltimore, I started recording the content for a new training system we’ll be launching in the first half of this year.

To be called Dealmaker Empire Builder, it will be an eight-week intensive group mentoring program for Seven Figure business owners who want to scale like crazy and build a legacy by acquiring other businesses.

There are three types of business you can acquire:

    • A competitor. This will enable you to grow market share and own a larger footprint via a different location or just doubling down in your existing market.
    • A supply chain partner. You can acquire a supplier and capture more of the supply chain (along with higher profit margins).
    • A complementary business in the same industry. For example, if a software company acquires an IT services company, it can then sell a bundle of products and services to the expanded customer base (theirs and the one they acquired).

If you already own a business, you will really get a ton of value out of this program.

It will show how you can have 5X your cash flow and 8X your net worth by acquiring just one business and merging it into the business you already have.

Dealmaker Empire Builder was beta-tested in 2019 with amazing results. So keep an eye out for that — as well as a new version of the Business Buying Accelerator program, soon to be called Dealmaker CEO.

So that’s a wrap for 2019 — on to bigger and better in 2020!

Speaking of which…

On Wednesday you’ll start receiving communications from me about the official launch of our new name, Dealmaker Wealth Society, and new website.

I apologize in advance for any redundancy. But to ensure you keep receiving emails from me you’ll need to take some action. We want you to have as many chances to do so before the “switch” begins on Jan. 15.

So please pay close attention to my emails over the coming week.

Until then, bye for now.

Carl Allen

Carl Allen
Editor and co-founder, Dealmaker Wealth Society