The Four Expenses Types And Why You Must Know The Difference

9 comments

How many different types of expenses do you currently have in your money outflow

That almost sounds like a medical question, doesn’t it?

Don’t worry this is totally a money conversation – but what you’ll discover in this video could be the very thing that is making your flow feel damn uncomfortable or a sheer joy!

I’m talking about the quality of the outflow of money from your life.

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The outflow is made up of all the expenses we choose to have and we tend to cluster them all together as one big category EXPENSES!

But in truth, not all expenses are the same and in fact I’ve discovered there are four main categories or types of expenses and you need to know what they are and how much of each you have in your outflow in order to create the wealthy life you want.

When you look at your own outflow I’m guessing you have all four types of expenses.

Now that in itself isn’t a problem. Although some of these expense types are pretty dodgy and don’t add to your wealthy life in any way, it is the quantity of the different types that matter.

In the gastromonic world, it is the relative quantity of one ingredient in relation to another that either makes the whole a glorious, saliva inducing taste orgasm or a “my life would be significantly better if we had never met” type of experience.

In the Wealthomonic world (yep – I did make that up), the relative proportions of these four types of expenses in your money outflow have pretty much the same impact.

A certain combination of expense types could be creating a juicy, saliva inducing, wealthy “orgasmic-life” type of experience, or a different mix could be keeping you in the poor life desert – a bleak, dry, life sucking never-enough-money type of experience.

That is why you must know what these four expense types are and how to have more of the good types and less of the wealth sucking ones.

That is what this video is all about…

 

Once you’ve watched the video I’d love to know…

“What percentage of your expenses do you think are currently “Hell-Yeah” expenses and how is this impacting the quality of your life right now?”

Remember to share as much detail as possible as thousands of Wealth Chef’s in the making come here each week for juicy wealth snacks, insight and inspiration as they create their juicy financially free lives too.

Your ideas and shares may trigger someone to have a big breakthrough.

Thanks as always for reading, watching and sharing so generously and for choosing to master this key ingredient money and live your un-limited life.

Big love

TWC_Ann_Signature_spaced

 

 

 

 

 

P.S. – If you are serious about transforming your financial world and freeing up over 15% of your current expenses to achieve your freedom faster than START the Squeeze The Juice Challenge TODAY and over the next 30 days discover just how much you’ve got sloshing around and leaking out. Juicy piles of dosh that can be directed to your wealthy life. >>>GO HERE TO START YOUR SQUEEZE CHALLENGE TODAY<<<

 

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9 Comments

  • Ann Wilson says:

    I love it – free money – hope you added the lunch money to your asset pot. xx

  • Anedra says:

    Right now about 50% of my expenses are Hell yeah expenses because of where I am in my life right now. I’m totally invested in getting out of the money rut that I’ve been in.

  • Brie says:

    So good to learn these concepts! Let’s face it, a lot of us have been living this daily and not even realizing that we didn’t know the difference! In the past as my income has grown, so have my purchases. There was a time when I did not think twice about buying whatever I please, for my short term high of the moment. That is now traded for the long term high I am creating and looking forward to!

  • Erin says:

    I would say about 15-20% of my expenses are hell yeah!

    One expense I really would like help with is my student loan. I owe $80k and it seems overwhelming to pay back. The monthly payment is definitely enough to interfere with more hell yeah fun.

  • Tex Hlalele says:

    This has been one of the most important revelations Ann. I am checking my bank statements like a hawk

  • Adeoye Eunice says:

    A great insight for me. Having to meet some expenses just to fit in or to impress others can be purse draining. Thanks soo much for sharing this.

  • Jeni says:

    I fully agree with your approach to wealth!
    Money always arrives when you need it.

  • Jeni says:

    I fully endorse your approach to wealth!
    Money always comes, when you need it.

  • Karen says:

    Great! Thank you! My main Hell Yeah expense each month is my subscription to my Hot Yoga classes. These classes keep me so grounded, happy and strong and act as such a strong foundation for the rest of my life. Each challenging posture that I attain reminds me that I can attain and overcome challenges in the whole of my life! This is a real ‘Hell Yeah’ expense. I’m also very aware that I the leaky backend expenses in the form of automated renewals of certain things so I intend to clean those up over the next few weeks. Thank you!

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