Building Your Wealth

The key to building wealth isn’t about grinding yourself to the bone to earn more money, or cutting out every little joy in the name of saving. True wealth begins with control—being intentional about how you earn, spend, and manage your money so it supports the life you want to live.

Here are some simple, practical ways to start:

1. Review Your Subscriptions

Streaming services, apps, gym memberships, magazines—subscriptions can creep up without us noticing. Check in regularly: are you getting value from each one, or can you let it go? Even small cancellations free up cash for things that matter more.

2. Understand Why You Spend

Money is emotional. Do you spend to impress, out of habit, to fill loneliness, or because of comparison? Pause and ask yourself “why?” before swiping your card. Awareness is the first step to breaking unhealthy money patterns.

3. Live Within Your Means

Don’t over-capitalise. That shiny new car, overseas trip, or larger rental property may look tempting, but if it stretches your finances thin, ask yourself: is it worth the stress? Sometimes the smartest move is choosing smaller, simpler, or second-hand. Visitng op shops can be find and coming across a treasure is always a thrill.

4. Track What Comes In and Goes Out

Every six months, review your finances: income, assets, bills, and debts. This honest overview often reveals hidden leaks or extra money you didn’t realise was there. It’s like giving your finances a health check.

5. Shop Around

Loyalty is nice, but not always rewarded. Check whether your bank offers the best interest rate, your phone plan still suits your usage, or your electricity provider is competitive. A quick switch can save hundreds each year. That’s money in your pocket, not theirs.

6. Invest in Learning

Knowledge really is wealth. Listen to money podcasts, like The Broke Generation with Emma Edwards, or follow others on Instagram like @cravingasaving or @shesonthemoneyaus, pick up books like You Are a Badass at Making Money by Jen Sincero or The Psychology of Money by Morgan Housel, that help shift your money mindset. Sometimes one piece of advice sparks a change that compounds for years.

7. Reassess Your Insurance

Health, home, car, life—insurance protects your wealth, but only if it’s up to date. Don’t pay for what you don’t need, but don’t leave yourself underinsured either. Review annually to make sure it aligns with your life stage. Check your Superannuation insurance policy. Do you really need it or can you get a better deal through an outside agencies like Noble Oak?

💡 Building wealth is less about perfection and more about progress. Small, consistent changes add up, creating space and freedom for the life you want.

What about you—what’s your go-to tip for building wealth? We would love for you to join the conversation and leave a comment below.