eevBLAB 92 - The Wealth Equation
1,667Finance and life advice time. How to build wealth, it's not rocket science.
00:00 - How to build wealth
01:29 - The Wealth Equation
02:41 - Investing is NOT the way to get wealthy!
03:35 - The #1 way to build wealth is...
04:11 - Different forms of income
05:01 - Expenses
07:47 - Don't buy a new car or new iPhone!
08:48 - Asset investment return
09:51 - Pesky inflation
10:26 - Being your own bank and real estate investment
10:54 - Emergency cash
11:42 - Screw you money
12:03 - The benefit of offset accounts and property loans
13:19 - Other asset classes
14:53 - Spead your risk across a balanced asset portfolio
15:38 - Things can BOOM or BUST
17:02 - The BEST wealth driver is your business!
21:35 - The power of asset utilisation for reducing expenses
22:34 - Let's go the spreadsheet
28:30 - The big takeaway is...
https://www.eevblog.com/files/TheWealthEquation.xlsx
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#Wealth #Money #Investment