Financial Wealth is built on three pillars: Income generation: Create stable, growing income through primary employment, secondary employment, and passive streams Expense management: Manage expenses so that they are reliably below your income level and grow at a slower rate Long-term investment: Invest the difference between your income and expenses in long-term, efficient, low-cost assets that compound effectively This simple model is universally effective because it converts short-term net cash flow into long-term wealth.
