Building Your Money Machine I'm 63. Listen to this for money lessons at any age...
Welcome to another insightful episode of the Building Your Money Machine Show. Today, we’re diving deep into the financial lessons I wish I had known when I was in my 40s — lessons that can set you on the fast track to financial freedom, regardless of your age. Whether you're in your 20s, 30s, 40s, 50s, or even 60s, this episode is packed with actionable advice to help you navigate the path to wealth more effectively.
At 63 years young, I reflect on the 11 critical strategies I would have shared with my 40-year-old self. From the importance of automation in saving and investing, to maximizing tax-advantaged accounts, and getting serious about diversification, I cover it all. We’ll talk about investing in skills, prioritizing your future over material possessions, being selective about debt, and knowing your number for financial freedom.
I also emphasize the importance of balancing health and wealth, getting comfortable with risk, and finding the right mentors and coaches to guide you.
Buckle up for an episode filled with wisdom, practical tips, and inspiration to get in the game and build your financial legacy. It's time to master your money and live a life by choice!
IN TODAY’S EPISODE, I DISCUSS:
- Automating your savings and investing to remove decision fatigue
- Maximizing tax-advantaged accounts like 401(k)s and IRAs
- Investing in diversification and skills to build multiple income streams
- Being selective about debt and prioritizing your future over immediate material gains
- Why most people won't reach financial freedom and the role of financial literacy
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