Building Your Money Machine Why We Can't Save Money – And How to Fix It
Welcome to another episode of the Building Your Money Machine Show! If you've ever felt like saving money is impossible, like there’s always something pulling you to spend or life keeps getting in the way, this episode is for you. Today, we'll uncover exactly why most people can’t seem to save and the hidden traps that are keeping them stuck. And more importantly, I'll share powerful steps to change that so you can start building real financial freedom.
Financial freedom starts with saving, yet most people struggle with this simple but crucial step. Why? Because the system's rigged to keep you broke. From relentless marketing tactics to lifestyle inflation, we’re up against a lot. But don't worry, I've got your back. We'll talk about actionable strategies to recognize these traps and overcome them.
We’ll dive into why half of Americans can't cover a $1,000 emergency without going into debt and why nearly 63% live paycheck to paycheck, even those earning over $100,000 a year. By understanding the system and taking practical steps, we can regain control and steer our way towards a prosperous future.
IN TODAY'S EPISODE, I DISCUSS:
- Recognizing and battling the overwhelming systems designed to keep you spending
- How lifestyle creep sneaks up on you and ways to counteract it
- The dangers of emotional spending and actionable steps to control it
- Understanding the real cost of debt and strategies to eliminate it
- Building an emergency fund as a safety net to avoid financial pitfalls
- Shifting your mindset to prioritize saving as a pathway to freedom
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- 9 Financial Habits Holding You Back In Your 40s
- The Real Reason Why You Feel Behind Financially
- How to Stay Ahead as the Middle Class Shrinks
- Why Your Retirement Budget Is Most Likely WRONG
- Life Advice From A 63 Year Old Self Made Millionaire
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- 9 Financial Habits Holding You Back In Your 40s: https://youtu.be/RBeCEuEDNV8
- The Real Reason Why You Feel Behind Financially: https://youtu.be/sKEzMGS_S-U
- How to Stay Ahead as the Middle Class Shrinks: https://youtu.be/p-UYDsS879Y
- Why Your Retirement Budget Is Most Likely WRONG: https://youtu.be/vrNcnIJxg1c
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