The simple wealth formula can be defined as Income -Expenses = The Gap. You use “the gap” to get ahead in your finances by paying off debt, saving more and investing more. Essentially, you want to increase “the gap” as much as possible in order reach your goals faster.
But that’s not all there is to the Wealth Formula. There are other silent but important factors needed in order to make it really work for you. You can call these factors, the secret sauce. Without focusing on these factors, reaching your goals is so much harder and even somewhat impossible.
The Five “Secret Sauce” Factors are:
- Intrinsic Motivation
- Hard Work/Sacrifice
I’ve since even modified the Simple Wealth Formula to include what I think is a true driving force of how fast you can reach and maintain your goals to be: (Income – Expenses) * Habits = The Gap
Also, this episode is brought to you by the Free MasterClass that I’m holding Thursday Jan 4th at 9pm EST. If you haven’t signed up yet, don’t worry, there’s still time, join here
Enrollment for the Q1 Launch To Financial Freedom Mastermind where I will be working with a few dedicated and determined individuals in a 3 month group session helping them reach their financial goals is also opening up on Thursday Jan 4th and will run through Monday January 8th.
Share:I'm listening to Episode 26 of the #Journeytolaunch podcast, The Wealth Formula & The Secret Sauce Needed To Make It Work For You Click To Tweet Join the Free MasterClass- How To Have Your Best Financial Year Yet: Tips To Save, Pay Off Debt & Invest In 2018 www.journeytolaunch.com/webinar Click To Tweet The Wealth Formula is all about the GAP, it's the space between your income and expenses that you create so that you can reach your goals. Click To Tweet Essentially, the formula is (Income - Expenses) * Habits = Gap Click To Tweet
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