The Money Gains Podcast Money Moments 07 - How To MAXIMISE Your Wealth Using The 3 Buckets with Rob Dix
Apr 25, 2025
Rob Dix, a best-selling author and finance expert, shares his insights on maximizing wealth through the 'three buckets of wealth' framework. He discusses the importance of self-awareness in financial strategies, revealing how each bucket taps into different motivations. Listeners learn to balance lifestyle choices with smart investments, addressing lifestyle inflation. Dix emphasizes effective cash management amid inflation and highlights resources like the Stock Market School, making investing accessible to beginners eager to grow their wealth.
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The Three Buckets of Wealth
- Everyone has three financial drives: protection, maintaining lifestyle, and improving wealth.
- Understanding your balance among these helps in making better investment decisions.
Start With Protection First
- Begin wealth planning by securing protection through emergency funds and owning a home.
- Then set goals for maintaining lifestyle via index funds before exploring riskier investments.
Maintain Vs Improve Investments
- Maintain your lifestyle with broad diversified assets like index funds.
- Use riskier investments like property, stocks, or business for potential high returns, but invest time, not gamble.