FOCUSING on your income is one of the most fatal things you can do for your wealth, says CEO of The Wealth Chef Ann Wilson.
Most people don't understand that wealth, just like cooking, has four key flavours and how money flows between these flavours is actually what creates wealth.
But when people are only focusing on income, they actually neglect the other key three wealth flavours that need to work together to create wealth.
She says these flavours are income, expense, asset and liability.
The magic happens in wealth when you start learning how these four ingredients work together and flow together to create wealth.
* Ann is the CEO of The Wealth Chef and one of our experts answering user questions.
** Add your voice to our Women's Wealth Issue and help empower others this Women's Month.
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Most people don't understand that wealth, just like cooking, has four key flavours and how money flows between these flavours is actually what creates wealth.
But when people are only focusing on income, they actually neglect the other key three wealth flavours that need to work together to create wealth.
She says these flavours are income, expense, asset and liability.
The magic happens in wealth when you start learning how these four ingredients work together and flow together to create wealth.
This is the first video in a three part series:
* Ann is the CEO of The Wealth Chef and one of our experts answering user questions.
** Add your voice to our Women's Wealth Issue and help empower others this Women's Month.
Write a guest post
Share your coping tips
Ask the experts