In this video, we’ll show you how you can increase your WealthSPEED by reviewing your bills & spending costs.
Technically Speaking: WealthSPEED is a calculation that measures the speed of wealth being generated and turns this calculation into an hourly rate. It does this by calculating income (NetIncomeSPEED™) versus spending (SavingSPEED™), asset value change (AssetSPEED™), and principal payments of loans (DebtReductionSPEED™). It’s calculated using a 24-hour, hourly rate.
Whilst that is its technical definition – its true purpose and its ultimate magical power lies in its ability to drill one’s total financial story down into one single and easy-to-understand financial indicator. And by doing so, it brings awareness and motivates one into action.
It’s magical in the sense that it clearly shows the ‘Current State of Play’ in terms of what your money is doing for you today! What your job is, is simple – You need to optimise your WealthSPEED® with the aim of making it go faster!!! Your future self will be forever grateful you did.
And how you do this, is by understanding all the supplementary ‘Speed Indicators & Gauges’ that help make up WealthSPEED®, because by fine-tuning them, you will increase your WealthSPEED®.
