The Savvy Wallet Podcast (Formerly The Take Off Experience Podcast)
Business:Investing
EP. 112 - ACCOUNTANT REVEALS: 4 Things You MUST Do To Build And Preserve Wealth! ft. Crosby Enninful
Joining us in the booth this week is Crosby Enninful a chartered FCCA accountant with over 12 years experience and founder of Egbenn Accountancy Services which he has been running for 5 years.
In this episode we discuss:
- The importance of being strategic with your career
- Why you should value learning skills over money
- How Crosby went from £18,000 to over six figures
- 4 habits you need to adopt to help you build wealth
- Creating an automated system around your money
- How to not let your budget diminish your quality of life
- How to avoid lifestyle inflation
- The importance of passive income and the dangers if you don’t have one
- People being good at creating wealth but not preserving it and much more
Follow Crosby on Instagram here
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TIMESTAMPS
00:00 - Preview
01:00 - Intro
01:35 - Meet Crosby Enninful the Accountant
03:50 - Growing up in Essex
05:54 - When you’re younger you don’t really appreciate your parents
09:30 - Staring at £18,000 as an accountant trainee
13:15 - Saving is just as important as having good credit!
16:02 - If you want to earn more money you have to move around!
19:09 - Getting a £1k pay rise, felt like a slap in the face
20:15 - Job promotions are scams (sometimes!)
23:26 - It was just about earning more, it was about upskilling
25:41 - Did my expenses change even though I earn six figures?
27:02 - I don’t like money in my account that is not mine!
28:33 - Pro’s and cons of setting up your own accountancy firm/business
31:00 - The biggest surprises with business
32:42 - Your team is vital to creating a successful business
34:05 - 4 habits to build Wealth in 2024 and beyond
43:08 - Can budgeting help you build Wealth?
46:17 - Budgeting can make you stingy…how to counter this!
49:26 - Reward yourself to where you are NOT what you have
54:29 - Millionaires and the myth of Seven Sources of Income
56:11 - The most surprising Income I’ve seen…!
59:08 - The importance of Passive Income & dangers if you don’t have one
01:03:01 - People good at creating Wealth but not preserving Wealth!
01:08:23 - Final words
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