Wondering how we can be wealthier? Here is another guest blog from Matthew Seah to nudge us along in the right direction. For me, there are 3 ways to generate wealth and they are the essential tenets of my wealth building triangle:

1. Increase Income;

2. Reduce Expense, thereby saving what remains;

3. Invest a portion of that savings.

Due to our different circumstances, some may find it harder to strengthen one or more of these 3 legs of the triangle. However, do note that you will certainly get wealthier if you sufficiently strengthen one or more of these 3 tenets in your own wealth triangle. In order to get wealthier at a faster rate, you must increase your income, spend less money and make your money work harder. To increase your income, you can:

1. earn more at your current job;
2. get a higher paying job;
3. get additional job(s);
4. create multiple sources of income...

...