Building Your Money Machine 029 The Best Investment Accounts to Get
I’m excited about today’s episode, because we will go through the next step after establishing our Wealth Priority Ladder™. In this show, I will take you through the six types of accounts you can choose to have on your wealth path, and I will also share a four-step system to start funding those accounts. We will look closely at each of the six accounts, pros and cons of each, and how to use them in the smartest way.
What You Will Learn In This Episode:
- What is the account jumble, and which three criteria we must use to choose what kind of account we'll get
- Why we must keep our business from our personal accounts separated
- My three rules with high-yield cash accounts
- The benefits of having 401k and HSA accounts
One of the first steps on our journey to an affluent life is to separate accounts. Every dollar that comes in must know its purpose, and as soon as we get it we must put it to work for us. This task distribution becomes much easier when we have multiple accounts, each one of them taking care of different aspects of our lives and our business.
Resources:
- JOIN MY 3-PART LIVE FREE VIRTUAL TRAINING SERIES: http://www.AffluenceLive.com
- Affluent Entrepreneur Show Ep 024: What To Do With Your Cash https://melabraham.com/024-what-to-do-with-your-cash/
- The Wealth Priority Ladder™ https://melabraham.com/wp-content/uploads/TAE-023-Wealth-Priority-Ladder.pdf
- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint
- My website https://melabraham.com/
- Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabrahamtraining.com/TES-Book-Launch-1
- Find me on Facebook https://www.facebook.com/melhabraham/
- Find me on Instagram https://www.instagram.com/melabraham9/
- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/
- Find me on Twitter https://twitter.com/MelHAb