7 Popular Finance Tips That Are Quietly Keeping You Broke

Welcome to another game-changing episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on seven popular finance tips that might sound smart—but are actually keeping you stuck, broke, and playing small. If you’ve ever been told to skip the lattes, save 10%, hustle harder, buy a home ASAP, kill all debt before investing, play it safe, or believe that money can’t buy happiness... you’re not alone. But in my decades of working with families, entrepreneurs, and my own money journey, I’ve seen firsthand how these well-meaning tips can quietly sabotage your path to financial freedom.

In this episode, I break down each myth, explain why they’re momentum killers, and show you how to flip them into powerful, actionable strategies. It’s time to escape the income trap and build a money machine—because earning more doesn’t make you free, your money machine does! Freedom begins the moment you get your dollars working harder for you than you did for them.

Let’s jump in, unpack these outdated money rules and reframe your mindset for real progress, and a life by your design.

IN TODAY’S EPISODE, I DISCUSS:

• Why cutting small expenses is a distraction from high-leverage money moves
• The truth about saving 10% of your income
• The trap of trading time for money
• Why buying a home isn’t always the wealth builder you’ve been told it is
• The reality of debt
• Playing it "safe" vs. playing to win
• The false wisdom of “money can’t buy happiness” and the real power of money to buy options, time, and impact

RECOMMENDED EPISODES FOR YOU

If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/

• 12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire)
• When You Get RICH, Tell NO ONE (Act Like You're Poor)
• 12 Signs That Predict You'll Be a Multi Millionaire
• Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake
• 35 Years of Investing Lessons in 21 Minutes (From a CPA)

RECOMMENDED VIDEOS FOR YOU
 
If you liked this video, you'll love these ones:

• 12 Things I Don't Waste Money On (As a 64 Yr Old Millionaire): https://youtu.be/quh1Hdz7Wb8
• When You Get RICH, Tell NO ONE (Act Like You're Poor): https://youtu.be/FailzpHkJBc
• 12 Signs That Predict You'll Be a Multi Millionaire: https://youtu.be/ITi-nvwJPVw
• Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake: https://youtu.be/P8vdriqlP-0

ORDER MY NEW USA TODAY BESTSELLING BOOK:

Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!

The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.

Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.

When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 

TAKE THE FINANCIAL FREEDOM QUIZ:

Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com