Building Your Money Machine

Understanding how to smartly handle debt can drastically change your financial well-being and reduce stress in your life.In today’s episode, I tackle some of the worst financial decisions you can make and how to avoid them. From the pitfalls of over-leveraging in real estate to neglecting your investment portfolio, I break down what you should steer clear of to maintain financial health. I share personal stories, including a costly investment mistake I made, to highlight the importance of every decision in your financial journey.Want to achieve financial freedom and avoid common money mistakes? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: Smart use of debt and the perils of over-leveraging The necessity of regularly reviewing and rebalancing your investment portfolioWhy diversification is crucial for mitigating financial riskRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money   RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM PRE-ORDER MY NEW 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.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  

Are you ready to take control of your retirement savings and ensure you're on the right path to financial freedom?In today’s episode, I dive into the crucial topic of how much you should save in your 401K by age, drawing insights from a comprehensive 23-year Vanguard study involving 5 million participants. Whether you're just starting your career or planning your retirement, you'll find valuable information on setting realistic financial goals, maximizing those employer matches, and the astonishing impact of early contributions.You'll learn why saving and investing rates trump high incomes, and how tiny steps now can lead to sizable wealth in the future. It's not just about hitting those numbers; it's about aligning your financial strategy with your life goals and building a life of choice and freedom.Looking to master your financial journey and make informed decisions about your retirement savings? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The importance of small, consistent contributions to your 401KAverage and median 401K balances by age groupThe impact of early contributions and maximizing employer matchesRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money   RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM PRE-ORDER MY NEW 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.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 

Ready to elevate your thinking and unlock the path to financial freedom?In today’s episode, I dive into the six levels of thinking for those who want to get rich. It's not just about the tactics or the strategies; it’s about shifting your mindset. I outline each of the six levels, from survival thinking to legacy thinking, and discuss how mastering these levels can transform your financial behaviors and results. Whether you're just starting out and focused on immediate needs or you're ready to think about generational wealth and legacy, this episode is packed with valuable insights that can take your financial journey to the next level.Want to transition to a higher level of thinking and create lasting wealth? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The survival level of thinking and its focus on immediate needsThe shift to safety thinking and the decrease in financial stressAchieving comfort thinking and systematic wealth-buildingRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Why Staying Rich Is Harder Than Getting RichFinancial Armageddon is coming. Here's how you prepare…How to Save YOUR First $100k (My Savings Framework)Listen to These 70 Minutes To Get Rich in 2024    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Why Staying Rich Is Harder Than Getting Rich: https://youtu.be/VegPiyx9sno Financial Armageddon is coming. Here's how you prepare…: https://youtu.be/q6HtMLsNyqE How to Save YOUR First $100k (My Savings Framework: https://youtu.be/cex4G3Nbqlg Watch These 70 Minutes To Get Rich in 2024: https://youtu.be/6jA1adsoxSk PRE-ORDER MY NEW 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.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  

Do you feel trapped in a job that isn't fulfilling you? Do you feel like there's more you could be doing with your life and your finances? If so, you're not alone, and this episode is for you!In today’s episode, I unveil a powerful framework that has transformed the lives of many of my clients and myself - the Entrepreneur Transition Formula. I'll walk you through the steps to transition from a nine-to-five job to entrepreneurship without recklessness, giving you the tools to pursue your passion and build financial freedom.Ever think, "I can do something better"? I'll help you evaluate your business ideas, define unquestionable value, and perform market research to ensure your transition is as smooth and successful as possible. So if you're ready to move from feeling stuck to building a life filled with passion and profit, make sure you don't miss this one.IN TODAY’S EPISODE, I DISCUSS: The importance of having a detailed, flexible plan.Learn why “doing what you love” is only part of the success equation.Understand the value of micro-launches and market testing.RECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Why Staying Rich Is Harder Than Getting RichFinancial Armageddon is coming. Here's how you prepare…How to Save YOUR First $100k (My Savings Framework)Listen to These 70 Minutes To Get Rich in 2024    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Why Staying Rich Is Harder Than Getting Rich: https://youtu.be/VegPiyx9sno Financial Armageddon is coming. Here's how you prepare…: https://youtu.be/q6HtMLsNyqE How to Save YOUR First $100k (My Savings Framework: https://youtu.be/cex4G3Nbqlg Watch These 70 Minutes To Get Rich in 2024: https://youtu.be/6jA1adsoxSk PRE-ORDER MY NEW 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.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 

Are you ready to discover the money lessons that can change your financial future forever? It's not just about making money; it's about creating a life you love and achieving true financial freedom!In today’s episode, I dive into the essential money lessons that transformed my relationship with finances and put me on the path to wealth. I emphasize the importance of consistent long-term investing, understanding the difference between productive and destructive debt, and the necessity of having a personalized financial plan. I highlight why comparing yourself to others can be detrimental, and how focusing on personal growth and gratitude can lead to better financial decisions. Plus, I share my personal reflections and insights from my own journey.Want to transform your financial trajectory and ensure you never struggle with money again? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The critical role of long-term investing and avoiding the pitfalls of market timingThe benefits of low-cost index funds and ETFs over actively managed fundsWhy it's essential to have a personalized financial plan and stop comparing yourself to othersRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:The 25 Top Money Books I've Read (What I Learned)Traditional Financial Advice Doesn't Work for EntrepreneursBuild Wealth & Live a Rich Life at Any Age (My so n's journey)How to Do Money Right As a Family   RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo PRE-ORDER MY NEW 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.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 

Are you worried about the recent stock market decline? Don't panic, I've got you covered!In today's episode, I share my perspective on the current market situation and provide proactive strategies for navigating these turbulent times. I discuss the factors contributing to the decline, such as disappointing earnings reports from major companies and concerns about a potential recession. I also delve into the global impact, including the significant drop in Japan's stock market and its influence on the US market.Want to make informed, logical decisions about your wealth during market fluctuations? Subscribe to my channel for valuable insights and financial wisdom.IN TODAY’S EPISODE, I DISCUSS: The importance of having a detailed financial plan and sticking to it, regardless of market trendsWhy liquidity and avoiding destructive debt are crucial for weathering market drops and unexpected financial eventsThe benefits of a properly structured, diversified portfolio in mitigating risks and minimizing heavy lossesRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Protecting What Matters with Trent SheltonGetting What You Really Want with Cayla CraftAre You Really Living a Rich Life or a Bankrupt One?How to Do Money Right As a FamilyRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Protecting What Matters with Trent Sheltonhttps://youtu.be/meHVn-lp8V8Getting What You Really Want with Cayla Crafthttps://youtu.be/Q_hgjxK9inkAre You Really Living a Rich Life or a Bankrupt One?https://youtu.be/yrredqHf09sHow to Do Money Right As a Familyhttps://youtu.be/vZqfINfPNooORDER MY NEW 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.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  

Are you wondering where you stand on your wealth journey and if you're on track to achieve your financial goals? It's a question that haunts many of us as we navigate the path to financial freedom.In today's episode, I dive into the concept of net worth and break down the numbers based on age, so you can see how you measure up. I reveal the latest data from the Federal Reserve's Survey of Consumer Finances and share median and average net worth figures for various age groups. But before you celebrate or beat yourself up, I explain why these numbers only tell part of the story and why your investable net worth matters even more.Ready to gain clarity on your financial journey and take control of your wealth-building strategy? Listen to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - The definition of net worth and how to calculate it- The difference between overall net worth and investable net worth- Median and average net worth figures broken down by age groupsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:The 25 Top Money Books I've Read (What I Learned)Traditional Financial Advice Doesn't Work for EntrepreneursBuild Wealth & Live a Rich Life at Any Age (My so n's journey)How to Do Money Right As a Family   RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM How to Do Money Right As a Family: https://youtu.be/vZqfINfPNoo ORDER MY NEW 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.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 

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!I also emphasize why getting in the wealth-building game is so important, no matter how much you can start with. Your investing behavior matters more than the amount of money. It's not about having a lot to invest, it's about putting your money to work for you.Want to see how you can turn $10 a day into nearly $1 million over time? Check out the full episode now!IN TODAY’S EPISODE, I DISCUSS: How investing just $10 a day in an index fund over 30 years can grow to $847,000Why your wealth-building behavior and getting started is more important than the amount you investHistorical backtested returns of investing in VOO vs VTI index funds over 5 yearsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM ORDER MY NEW 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.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  

Are you worried about financial Armageddon and how to protect yourself? Don't panic, I'm here to help you prepare!In today's episode, I share my thoughts on the current state of the economy and what it means for your financial future. I break down the factors contributing to economic uncertainty, from high debt levels to market volatility. But more importantly, I provide actionable strategies to help you weather any storm and come out on top. From building your financial literacy to managing debt and investing wisely, I cover it all.Want to take control of your financial destiny, no matter what the future holds? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - The importance of financial literacy in navigating uncertain times- Why liquidity matters for both safety and opportunity- How to manage debt wisely and avoid destructive debtRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Are You Really Living a Rich Life or a Bankrupt One?A New Path to Conversation, Connection & Conversion with Natasha WillisFulfillment & Wealth Through a Personal Brand with Rory VadenBuild Wealth & Live a Rich Life at Any Age (My son's journey)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Are You Really Living a Rich Life or a Bankrupt One?: https://youtu.be/yrredqHf09sA New Path to Conversation, Connection & Conversion with Natasha Willis: https://youtu.be/u0GEulUo4TkFulfillment & Wealth Through a Personal Brand with Rory Vaden: https://youtu.be/uJAee2sVqcoBuild Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbMORDER MY NEW 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.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  

Are you wondering if you should start building wealth even if you're in debt? You're not alone! It's a common question with a not-so-simple answer.In today's episode, I dive into the complexities of managing debt while investing for your future. I explore the two personality traits of all debt, the importance of having a debt payment plan, and why building wealth is as much a psychological game as it is a financial one. I also introduce the wealth creation curve and explain why starting to invest early, even with debt, can be beneficial in the long run.Ready to take control of your debt and start building wealth simultaneously? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The two personality traits of all debt and how they impact your finances and mindsetThe importance of having a debt payment plan in place before investingIntroducing the wealth creation curve and the significance of the "wealth flatline" phaseRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:The 25 Top Money Books I've Read (What I Learned)Traditional Financial Advice Doesn't Work for EntrepreneursBuild Wealth & Live a Rich Life at Any Age (My so n's journey)How to Do Money Right As a Family   RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo ORDER MY NEW 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.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