Wealthtalk
WT004: How To Uncover Hidden Money In Your Life Using D.E.B.I.T.S
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:28:17
- More information
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Synopsis
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 incomeYou cannot be wealthy without being in the wealth managementbusiness, which you can delegateHow to reveal additional cash in your life without penny-pinchingHow to eliminate debt fastThe importance of making sure that a portion of your monthlyoutgoings are being directed towards building your wealthA strategy for getting your wealth-building education for freeUsing a low cost tracker fund is one of the simplest assets to beginaccumulating wealthDebt Free Day - the day of the year in which employed people have towork until before they start to earn income after paying tax Hiddencosts and charges which can ea