WT004: How To Uncover Hidden Money In Your Life Using D.E.B.I.T.S
In today's episode we discuss what the definition of an asset really is. Make sure to tune in to find out what exactly the definition is, and how you can uncover some extra cash in your life instantly.
WealthTalk - money, wealth and personal finance. · Kevin Whelan and Christian Rodwell
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Show Notes
If wealth can only be achieved through assets, then what exactly is the definition of an asset? Today Kevin and Chris talk about the Foundation, and share a process called D.E.B.I.T.S which anybody can take a closer look at and make some changes to reveal some extra cash in their lives instantly.
In this episode of WealthTalk, Christian and Kevin discuss:
- The two types of income: work income and asset income
- You cannot be wealthy without being in the wealth management
business, which you can delegate - How to reveal additional cash in your life without penny-pinching
- How to eliminate debt fast
- The importance of making sure that a portion of your monthly
outgoings are being directed towards building your wealth - A strategy for getting your wealth-building education for free
- Using a low cost tracker fund is one of the simplest assets to begin
accumulating wealth - Debt Free Day - the day of the year in which employed people have to
work until before they start to earn income after paying tax Hidden
costs and charges which can eat into your wealth
Links and a full transcription of this episode can be found at www.wealthbuilders.co.uk/wealthtalk