(#138) Money - What Does It Take to Become Wealthy?
What comes to your mind when you hear the word WEALTH? What can you do to reach your next level of prosperity and abundance?
Doctor TK launches a new series highlighting the topic of Money starting with the basics on how to become wealthy. Listen to this episode and learn about how we should view wealth— from the tangible to intangible areas— followed with valuable bite-sized tips you can take fast action on.
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Podcast Goals:
- Increase your wealth by understanding its core meaning & applying the essential ways to earn and manage your finances
Episode Timeline:
- Definition of wealth (01:06)
- #1: Showcase your expertise thru your gift & skillset (02:31)
- #2: Invest your money in places other than the bank (06:17)
- #3: Create a product/service that makes you stand out (07:55)
- #4: Diversify your wealth portfolio (11:15)
- #5: Monitor your expenses (12:26)
- #6: Gain a better understanding of your net worth (13:12)
- Time ownership as an intangible meaning of wealth (14:42)
- Episode recap (21:29)
Standout Quotes from Doctor TK:
- "Wealth is you actually using your gift and your skillset to showcase your expertise. You will also get paid for it because that increases monetary wealth. So what is a gift? A gift is something that you're good at, it may also be considered your niche." (02:50)
- "Beyond tangible things in terms of wealth, ask yourself what does wealth mean to you? One word that comes to mind for myself is the word TIME. Time to me is a definition of wealth because I can literally do what I want, when I want to do it." (14:42)
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