eevBLAB 92 – The Wealth Equation

Finance 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

Forum: https://www.eevblog.com/forum/blog/eevblab-92-the-wealth-equation/