The Key to Wealth

In 1993, Shawn Tully’s article in Fortune Magazine titled The Real Key to Creating Wealth introduced the concept of Economic Value Added (EVA), which fundamentally shifted how the corporate world viewed wealth creation. While Tully’s focus was on businesses, the principles behind EVA are applicable to personal finance as well.

On this episode of Wealth Talks, Tom and John discuss Tully’s article and dive into how the concept of EVA can transform your approach to building wealth. They break down the key takeaways from Tully’s ideas and how they can help individuals maximize the value of their financial decisions.

Key Takeaways:

Economic Value Added (EVA) is a game-changing approach to measuring wealth creation.
The concept focuses on creating value beyond just profits, considering the cost of capital.
By applying EVA principles, individuals can improve their financial decision-making and wealth-building strategies.

Schedule Strategy Session »