Want to create an interactive transcript for this episode?
Podcast: Money with Alpha
Episode: Ep152 Turning Income into Wealth
Description: Here are the Wealth Quadrant elements: Income minus Expenses Assets (what you own) minus Liabilities (what you owe) With the money that you have left over each month (aka once you deduct your expenses from your income) - hopefully you have money left over (if you don't, then that's a whole different topic!), you invest it in Assets.  These Assets are how you build wealth. Assets are something that you invest in, and the value of your investment will grow over time, and you also preferably receive an income from this asset.  Small busines...