Top 6 Wealth Killers that Silently Draining Your Wealth

Most Australians don’t lose wealth from a single bad decision, it’s the small leaks that do the damage. In this video, we break down the Top 6 Wealth Killers silently draining your finances: inflation, lifestyle creep, high-interest debt, neglecting to invest, taxes & fees, and divorce. Whether you’re earning a little or a lot, these traps don’t discriminate. You’ll see how seemingly harmless habits and systems work against you—and what to do instead. 🎁 Get access to my Cashflow + Wealth Tracker Bundle to map your wealth journey https://beacons.ai/irenezhu/downloads 📈 Portfolio Trackers ✅ (Aussie Investors) Manage your portfolio on Navexa and get 25% off on your annual subscription: https://geni.us/tMIZQ0 ✅ (US Investors) Snowball Analytics (2 months free for yearly sub + 10% off on next purchase) https://snowball-analytics.com/register/irenezhu 🔎 Stock Research Tools I use: ✅ (Global stocks incl. ASX) InvestingPro Stock Picks, Research (Black Friday Sale - up to 60% off + 15% on top of it for my audience) https://www.investing-referral.com/irene/ ✅ (US stocks) Be a smart Value investor by using Seeking Alpha Premium (20% discount with 7-day trial): https://www.sahg6dtr.com/392M6MZ/R74QP/ 👐 Like the live stock ticker LED display behind me? Use code IRENEZHU to get 5% off https://fintic.io/?ref=irenezhu 👉Check my monthly portfolio update and support the channel: https://www.patreon.com/irenezhu 📙 Check out my bookshelf and gears https://kit.co/Irene.Zhuaus 🛎️Disclaimer: Some of the links above are affiliate links, where I earn a small commission from your purchases at no additional cost to you. The content of the videos is for educational & entertainment purposes only and merely my opinions. I am not a financial adviser. All investments involve some risk, and there is no guarantee that you will succeed. To make the best financial decisions that suit your own needs, you must conduct your own research and seek the advice of a licensed financial adviser if necessary. Chapters: 00:00 Intro 00:22 Inflation 01:35 Lifestyle Inflation 04:07 High Interest Debt 05:53 Neglecting to Invest 08:00 Chasing 'Get Rich Quick' Schemes 09:50 Taxes 12:25 Fees 13:29 Divorce