Don't Tell People THIS About Your Finances

Welcome to another episode of the Building Your Money Machine Show. Have you ever shared financial details—your income, investments, or debts—only to later wish you'd kept things private? Then this episode is for you. Together, we're going to talk about the financial secrets we should keep to ourselves and why even the wealthiest choose discretion over disclosure.

I explore the reasons oversharing can be problematic, from creating envy to inadvertently inviting scams. Your finances are personal for a reason, and telling people too much can damage not only your financial health but also your peace of mind and relationships.

We all know there's a push for transparency, but I'll explain why keeping certain financial details like income, net worth, investment strategies, debt, and specific goals private can protect you in a multitude of ways. Whether it’s avoiding scams, preventing relationship strains, or staying away from unwanted opinions on how you should handle your money, you'll learn how discretion is a powerful tool.

Discover how to set boundaries, the importance of focusing on values over numbers, and how to share insight and wisdom without compromising your financial privacy.

IN TODAY’S EPISODE, I DISCUSS:

• The dangers of sharing exact incomes and net worth with others
• How sharing too much can invite scams and jeopardize relationships
• Why each individual’s financial strategy is unique and should remain private
• The lessons learned from my own financial missteps and how they inform my caution today
• How to set boundaries and communicate financial insights without oversharing

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If you liked this episode, click here to enjoy these and more:
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• 13 Habits I Wish I Started In my 40s
• This Is What A Financial Plan SHOULD Look Like
• My 12 Sources of Income at Age 63
• Finance Expert Ranks Best and Worst Investments
• Why Having Money Is Better Than Spending Money

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

• 13 Habits I Wish I Started In my 40s: https://youtu.be/QD-gcFbyIEQ
• This Is What A Financial Plan SHOULD Look Like: https://youtu.be/uWsy436EPXY
• My 12 Sources of Income at Age 63: https://youtu.be/7X9voZSfuZw
• Finance Expert Ranks Best and Worst Investments: https://youtu.be/Q-PD2RLVfG4

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