The Team Wade Podcast

Building Wealth Together In Marriage

• Team Wade

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Imagine building a fortress of wealth and prosperity together with your spouse. In our latest episode, we share how we turned the dream of constructing our home into a powerful blueprint for financial success and unity in marriage. Drawing from our own experiences, we discuss the importance of aligning on common goals, crafting a strategic plan similar to a business model, and conducting a SWOT analysis to identify the strengths, weaknesses, opportunities, and threats within our family. By combining our skills and resources, we aim to not only reach significant financial milestones like making our first million but also to ensure a lasting legacy for our children.

Discover the transformative power of unity and collaboration within marriage. We highlight how working as a cohesive team can lead to incredible prosperity and success, while division only paves the way for failure. This episode encourages couples to embrace harmony and teamwork as essential ingredients for achieving their dreams. Plus, we introduce an exciting upcoming resource—our new ebook, designed to help couples turn their knowledge into actionable, positive change in their marriages. Stay tuned for these invaluable tools to foster stronger, more prosperous relationships.

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Speaker 1:

Hello everybody. Welcome to Team Wade, where we're giving you tools for a successful marriage. Hope you guys are doing well out there Hello.

Speaker 2:

What's up? I'm excited We've been talking about building together.

Speaker 1:

Building together, and today we're going to continue in that vein, as married couples, on the importance of building together in terms of. There are so many like aspects of building together, but in specific, we're going to talk about building wealth, building prosperity, building finances, making sure that you're on the same page so that you can build together.

Speaker 2:

It's impossible to build together if you are divided right I mean, the bible is very clear a house divided against itself can't stand, and also, a three-fold cord is not easily broken, and so there's power when, when you think about bringing, when you think of team sports, you think of anything team related or someone that is with you. The Bible even talks about if you fall down and there's no one to pick you up.

Speaker 1:

Right.

Speaker 2:

So, when you think about marriage, it is a team game, it's a team sport, it is. And so what can you do together if you set your mind, set your focus, that we want to go in a certain direction. And so that is what we have done over the years, and even now going to another level going to another level on the same page about going to another level because, you got to be on the same page.

Speaker 1:

so one person may want to be, may want to just be comfortable on the level that they are, but if one person, the other person, make a decision that it's time to go to another level, you can't be dragging around dead weight, like you have to be on the same page to be in agreement to go to the next level.

Speaker 2:

Well, the agreement should be. We want success, we want the highest, we want the best. And how do we do that? And how do we bring our skill sets, our knowledge, our wisdom, our understanding, all bring our skill sets, our knowledge, our wisdom, our understanding, all of our resources to focus toward that common goal.

Speaker 2:

That's good, because that's the biggest thing. You have vision, you have purpose, you have a goal that you want to obtain and you map out a plan. You create a strategic plan of how do we reach and accomplish the goals that we set out. You know, a lot of times people have business plans what about marriage plan? What about family plan? What about family financial plan? Where we want to be and how will we get there you have to build it out, you have to sit down.

Speaker 1:

Number one take, for instance, if you want to build a house like we built our house, excuse me and we had to sit down.

Speaker 1:

We had to come together, we had to agree on the things that we wanted we wrote a list to see a list of things that we agreed upon, that we wanted to see in our house, and so that's the same way. You know, you got to come together, you got to agree upon what it is that you're wanting to get done. You got to agree that I want to see this or I want to see this by, you know, in five years or in three years, and come together and say we're going to bring all of our resources together to help make that happen.

Speaker 2:

Yeah, well, see a lot of times people they like to talk. Okay, we action people, Right, so we're in this house because we are action people. So we didn't just write out a plan that wasn't obtainable. We wrote out a plan that was obtainable, which, because we set the goals and the plan, it took us seven years to obtain your dream room come on seven years that's it, your dream room, because it used to be our dream.

Speaker 2:

On I got another dream and so we got a plan for the next dream to come to reality. But but the thing is I want to go back to this because we're talking about building together. So anything you build it, it means there has to be a plan, it has to be a road map. So, because you alluded to the house, we had to have architectural plans to build out the house. So when you're talking about building together, you need to have a plan, or architecture plan, if you will, concerning what you all are wanting to build and where you're trying to go in your marriage in your finances in your future, yeah, so I want to talk a little bit more about that.

Speaker 2:

That's good, because think about from a strategic plan standpoint. You strategically begin to lay out if you're getting a business plan. So let's talk about a SWOT analysis for your family, for your family, a SWOT analysis for your family, for your family, because we're talking about building together and what are the?

Speaker 1:

goals and what are the things?

Speaker 2:

that are available. So what is a SWOT analysis? It is a what?

Speaker 1:

Your strengths. What are your strengths? What are your weaknesses?

Speaker 2:

Weaknesses, your opportunities, opportunities and what are some threats to your marriage, or in your marriage, or in the plan, or in the plan that you all are trying to accomplish things together.

Speaker 2:

So, like we recently talked about, we want to go after making our first million. So, hey, we want to get rich, we want to be rich, but we know we do ministry for a living, that's our vocation, and so you're not going to get rich in ministry. So that mean God has released us to have other streams of income, which means entrepreneurship. And so how do we utilize what is in our hand to take us to that level? So yours may not be to be a millionaire or what have you, it may be something else, but we're using us as examples. So we started talking through. What can we do together to help us go to that next level? How can we utilize our strengths, our abilities to propel us to the next level of where we want to be? Because the Bible says a good man leaves an inheritance for his children's children.

Speaker 2:

So not only do I want to leave a spiritual heritage, I want to leave a financial heritage as well, absolutely. So we have a plan, we have a SWOT analysis where we begin to look at what have I, what are our strengths?

Speaker 1:

yes, what are the? What are the? The skill sets, that's low-hanging fruit that can create a stream of income, another stream of income for us. So you need to think about that. If you're one, if one of your goals in your marriage is to go to another level financially, but you both work jobs or you're an entrepreneur in one stream, I guarantee you you can do a SWOT analysis, you can do a strengths assessment and determine that you have so many other opportunities for streams of income to come into your life, to come into your family, to leave some generational wealth.

Speaker 2:

So think about what you said with the SWOT analysis. So, strengths, what are our strengths, what are our weaknesses? And then what did you say? Opportunity, opportunity. So when we begin to talk, we realize we have some opportunities and some strengths that we already possess that could turn into money that we've been given away for free and we've been given away for free, and you know we love to help people. But also the Bible said money answered all things. So there are some things that could translate into finances, and so out of that, we created businesses that have come out of opportunities, of something that we already have in our hand. It's not something we had to go and learn or get, we already possess it. And so that may be the same thing with you when you think about. You're building together, you're the on the same page and you're using the strengths or the abilities or the gift things that each of you possess to uh, propel you as to the next family, to the next, so.

Speaker 1:

So one of the things we realize, and even assessing our strengths and weaknesses, is that some of my weaknesses are his strengths, and some of his strengths are my weakness, yes, so so what we've done is we've taken, you know, the strengths of both both of us and put them together and created other streams of income exactly right. So. So my strength is being a writer, is being, you know, having my own books already and having that administrative ability, that's a strength for me, and so we realized that he's a talker like he is a communicator.

Speaker 2:

Don't say talker, a communicator.

Speaker 1:

I'm sorry another word, communicator, which is good A communicator, a leadership developer, a strategic thinker yes. So he has all of those. He's a visionary, so strategist, yes, so he has all of those strengths. Whereas I'm a very detailed person, he's a big picture, big vision type person. So we put those two strengths together and we talked about how can this turn into other strings of income and so you know, and to produce a generational wealth that we can leave a legacy.

Speaker 2:

Now we've started a consulting business. Few other things I mean. It's just so many.

Speaker 1:

So stay tuned for the Teamway e-book that's going to be coming out to give you guys some transformation and some masterclass team way masterclass to give you guys some, some, some, some information that will lead to transformation. Amen, uh, and so we just wanted to come on briefly today just to share with you all some, some, just some practical things on how you can build together, uh, how you can build together so that you can get the things that you are desiring. But you got to have a plan. That's the thing.

Speaker 2:

And working together can change your whole life. It could change your financial future, it could change your children, by you all just getting on the same page and things could be totally different for you.

Speaker 1:

So just to recap, we said in order to build together, number one, you have to have a plan. Remember, we talked about our house. We had to have an architecture plan, and so, before we got the plan, we had to come together to determine what, what it is that we want. So have a little family meeting with your spouse and what do we want? Come together and say, hey, what are we looking for in life, what, what do we want? Then assess your strengths, your weaknesses, your opportunities and your threats. Create that SWOT analysis right there within your marriage.

Speaker 2:

Get your strategic plan together for the family and begin to work it. And begin to work it, and the last thing utilize each other's strengths, gifts and abilities.

Speaker 1:

Yes, utilize them. It's in the house. It's in the house. Turn it into a stream of income. It's in the house because we're building generational wealth together and that's what we want for you all.

Speaker 2:

And that's why nobody has time for division in their own house. Oh my gosh, Don't nobody have time for that. There is nothing that you can't accomplish if you all come together.

Speaker 1:

My favorite scripture is found in Genesis, chapter 11, where it talks about they were at the Tower of Babel and they came together to build a tower that would reach to heaven. And it got the attention of God, because God said that we got to come down, because these people are so unified, come on. That nothing will be withheld from them, that they put their minds to, and so and what did he say he had to do? He had to come down and bring confusion and division.

Speaker 2:

So the confusion of the language. In other words, we weren't speaking oneness, we weren't saying the same thing.

Speaker 1:

In other words, they were not saying the same thing. So he divided that language so that it would not prosper.

Speaker 1:

So, and that's exactly a principle if you're divided, you're not going to prosper, but if you come together and you are unified, there's nothing that you cannot attain. And so, team way here. We just want to bring that wisdom to you guys. Just stay tuned for the ebook and all the other other things that we're going to have for you guys, so that you can go from information just having information to having transformation in your marriage.

Speaker 2:

Amen. God bless you guys. See you next time.