Why High Earners Stay Broke – 3 Traps Kiwis Must Avoid
From the outside, he had it all: a clifftop Mission Bay mansion, sports cars, cocktails in the spa. Then his company collapsed ... and it turned out the house was rented and he owned almost nothing.
So how do people earn so much, yet end up with so little?
In this episode, Ed and Andrew unpack the high-income illusion. You'll learn:
- Why income and wealth are two completely different things
- The 3 traps high earners fall into
- A simple formula to check if your net worth is where it should be
A big salary can just fund a fancier version of broke. Knowing the difference is what actually makes you rich.
Book a meeting to start your path to financial freedom with a detailed financial plan for $0.
Inspired by today's case study? Find out if you can afford an investment property with our quick quiz.