Australian Finance Podcast Salary, passive income & boosting income [Part 4 of 11]
28 snips
Jan 13, 2025 Discover strategies to boost your income and optimize salary negotiations. Explore the correlation between effective income management and wealth accumulation. Dive into the pitfalls of lifestyle inflation and the importance of intentional spending. Gain insights on mastering financial intentions through budgeting and overcoming limiting beliefs. Learn why seeking expert advice is crucial for financial optimization, along with the benefits of investing in Australian shares ETFs for diversification and potential tax advantages.
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Income & Wealth
- Income is the main driver of wealth-building, but simply earning more isn't enough.
- It's crucial to manage spending and convert income into assets that generate income.
Accumulate Assets
- Focus on accumulating assets to build wealth.
- Convert earned income into assets that will generate income later.
Diversify Income
- Diversify income streams like investments, side hustles, or businesses.
- This mitigates risks associated with relying solely on employment income.
