Building Your Money Machine

Welcome to another empowering episode of the Building Your Money Machine Show. Today, I challenge you to rethink the 'middle class' label and the mindset that may be limiting your financial potential. Are you truly middle class, or is it just a label that's holding you back? If you've ever felt like you're merely scraping by, living paycheck to paycheck, or playing it safe, this episode is for you.In this powerful discussion, I dig deep into the hidden problem with the middle class label. The issue isn't the income—it's the mindset. I argue that self-imposed limitations originating from labels can hinder your path to true wealth and financial freedom. From the myth of middle class priorities to the importance of shifting from a savings mentality to an investment mindset, we cover it all.I share compelling stories, including the journey of Howard Schultz from a housing project to becoming the CEO of Starbucks with a net worth of billions. These stories underscore that financial freedom is achievable for everyone, regardless of where you start. By breaking free from these limiting beliefs and adopting growth-oriented behaviors, you can transform your financial future.IN TODAY’S EPISODE, I DISCUSS:The hidden problem with middle class labels and the mindset they createExamples of breaking free from limiting self-fulfilling propheciesHow focusing solely on savings can hinder wealth-buildingWhy financial freedom is a birthright and how to pursue itPrioritizing growth over comfort and long-term wealth building strategiesRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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

Welcome to another enlightening episode of the Building Your Money Machine Show. Today, we're going to explore the six essential assets you should own by your 40s to set yourself up for financial success — and trust me, these insights are game-changers.In this episode, we'll start with the foundation of any robust financial portfolio — cash and liquidity. Having a "peace of mind fund" that covers 9-18 months of expenses is crucial. We'll debunk the myth that "cash is trash" and explain how to smartly manage your liquid assets through high-yield savings accounts or money market accounts.Next, we'll delve into diversified ETFs and index funds. These investments offer a balanced mix of safety and growth, reducing risk by spreading your money across a broad range of stocks. They’re liquid, historically reliable, and require minimal initial investment.If you're in your 40s, this is your "millionaires decade," a pivotal period where strategic financial decisions can either catapult you towards wealth or steer you away. We’ll discuss how to evaluate your current financial standing, outline your long-term goals with a financial vision statement, and eliminate destructive debts. IN TODAY'S EPISODE, I DISCUSS:The crucial relationship between health and wealthBuilding a “peace of mind fund” for financial emergencies and opportunitiesInvesting in diversified ETFs or index fundsEvaluating and crafting a detailed financial vision statement and eliminating destructive debtDeveloping and testing a personalized financial planRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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

Welcome to another thought-provoking episode of the Building Your Money Machine Show. Today, we’re diving into some of the most crucial changes that might impact your taxes and Social Security, especially if we see a return of a Trump administration in 2024. This episode is here to help you understand what’s on the horizon and how it could shape your financial future—without getting political!You might feel overwhelmed by the idea of rising taxes and expiring benefits, not to mention what the future holds for Social Security. Trust me, you're not alone. These are massive issues that could significantly impact your income, retirement, and overall financial security. But don't worry—I've got your back.We'll delve into two critical areas: the expiring provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 and the potential changes to Social Security. We’ll break down what could happen to your taxes if these provisions expire, how they might affect different income groups, and what you can do to prepare. We’ll also explore the complexities surrounding Social Security benefits, including taxation and potential reforms.IN TODAY’S EPISODE, I DISCUSS:The potential expiration of the Tax Cuts and Jobs Act (TCJA) and its impactHow rising taxes could change the tax landscape for low, middle, and high-income earnersAn in-depth look at what changes to Social Security could mean for your retirementStrategies to prepare for potential increases in taxes and changes to Social SecurityRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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  

Discover the alarming concept of the Great Melt Up and how it could reshuffle your financial landscape. Dive into the intricacies of government debt and its implications for your wallet. Learn effective strategies to safeguard your finances, emphasizing liquidity and the elimination of high-interest debt. Engage in discussions about sound investment practices and asset diversification to better prepare for economic instability. This episode is all about empowering you to take control of your financial future amidst uncertainty.

Feeling overwhelmed at 40 with little retirement savings? You're not alone! Discover a game plan that includes evaluating your finances, establishing an emergency fund, and tackling debt. Learn how to make the most of 401(k) matching and Roth IRAs while building wealth through positive financial habits. Explore accessible investment strategies and personal finance tips that boost your income. It’s never too late to take charge of your financial future—it's time to start investing and secure your financial independence!

Welcome to another enlightening episode of the Building Your Money Machine Show. Today, we're uncovering a monumental financial event — the biggest wealth transfer in U.S. history that's unfolding right now. This $84 trillion transfer, positioned to reshape the economy, represents a golden opportunity for those who are prepared, whether they’re inheriting these riches or not.I'll break down why this isn't just about money changing hands; it’s a seismic shift in homes, businesses, and other investments that could alter the economic landscape. We’ll cover the step-up in basis benefit, how to identify and seize opportunities in real estate, agriculture, business acquisitions, and even alternative assets like art and vintage cars.Furthermore, I'll guide you on how to elevate your financial literacy, get your personal finances in order, and strategically enter the market to take full advantage of the upcoming opportunities.Buckle up for an episode filled with critical insights, practical tips, and motivation to be at the forefront of this unprecedented wealth transfer. It’s time to position yourself to build lasting wealth and live a life by design!IN TODAY'S EPISODE, I DISCUSS:Understanding the $84 trillion wealth transfer and its impactThe concept of step-up in basis and how it benefits heirsStrategies to buy businesses and real estate during this wealth shiftElevating your financial literacyIdentifying industries and sectors that will benefit from this wealth transferRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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

Welcome to another episode of the Building Your Money Machine Show. Today, we're touching on a topic that goes beyond just dollars and cents — we're diving into the true richness of life by focusing on generosity, gratitude, and the moments that truly matter.This conversation might be a bit different from our usual technical discussions, but it's essential because real wealth encompasses more than just money. We'll explore how generosity and gratitude lie at the core of true wealth and reveal principles that connect financial freedom with living a life of meaning and purpose.We discuss the impact of memorable moments, such as shared laughter and support from loved ones, and how these enrich our lives more than any financial gain ever could.Financial freedom remains a crucial foundation, allowing us to focus on what truly matters. I'll share tips on setting up an emergency fund, automating savings and investments, and thinking long-term to ensure your financial stability.Lastly, we'll redefine legacy, viewing it not as what we leave behind in terms of material wealth but what we instill in others through our daily actions and interactions.IN TODAY'S EPISODE, I DISCUSS:Shifting our perception of wealth from monetary gains to the richness of lifeThe power of generosityThe science-backed benefits of practicing gratitudeRedefining legacy as the positive impact we create through our values, actions, and relationships rather than material possessionsRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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  

Welcome to another powerful episode of the Building Your Money Machine Show. Today, we're unpacking the essential skills that set the wealthy apart from the rest. Join me as I break down the six key skills that the wealthiest people I've known have mastered to build their fortunes. These skills aren't about where you were born or how much you earn; they're about patience, financial literacy, emotional intelligence, adaptability, resourcefulness, and discipline. More importantly, I'll show you how you can apply these skills today to accelerate your wealth-building journey and create a life of financial freedom and abundance.I'll discuss how removing emotions from financial decisions and becoming adaptable can keep you safe and ready to seize opportunities. Being resourceful isn’t about having more, but about doing more with what you have. And finally, the power of discipline—consistent action over time can make all the difference.IN TODAY’S EPISODE, I DISCUSS:Mastering the art of patience and delayed gratificationDeveloping financial literacy to manage and grow your wealthThe importance of emotional intelligence in making sound financial decisionsEmbracing adaptability to pivot and seize new opportunitiesBeing resourceful and maximizing what you haveMaintaining consistency and discipline in your financial habitsThe bonus trait: Generosity and its impact on true wealthRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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  

Welcome to another valuable episode of the Building Your Money Machine Show! In today’s episode, I’m diving into a critical topic that I’ve been passionate about for over a decade, but that many still overlook—the importance of having a sufficiently sized emergency fund. In this episode, I reveal why you should aim for a 9 to 18 months emergency fund. Through my personal experiences and professional insights, I'll show you how to protect your wealth effectively and what could happen if you don’t have this vital safety net in place.We’ll explore the best places to keep your emergency fund for maximum security and liquidity, such as high yield savings accounts and money market accounts. Plus, I’ll address common misconceptions and why a three to six months fund is just not enough in today's volatile economic environment.I’ll provide a practical guide on how to start building your emergency fund, from calculating your essential monthly expenses to automating your savings and reassessing your needs regularly. IN TODAY’S EPISODE, I DISCUSS:Why aiming for a 9 to 18 months emergency fund is crucial for financial security.Defining what an emergency fund is and what it’s not.The best places to keep your emergency fund safe and liquid.Common misconceptions about emergency funds.Practical steps to start building your emergency fund now.RECOMMENDED EPISODES FOR YOU If you liked this episode, click here to enjoy these and more:https://melabraham.com/show/Ten Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A ORDER MY NEW USA TODAY BESTSELLING 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.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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  

Welcome to the Building Your Money Machine Show! Have you ever wondered where you truly stand financially? In today's episode, we're breaking down the truth behind net worth and what it actually means. No matter where you are financially—whether in the upper, middle, or lower class—this episode is about gaining clarity and understanding what you need to do to move forward.I delve into what net worth is, how to calculate it, and what the statistics say about different financial classes. More importantly, we discuss how to use this knowledge as a too, not a judgment, to understand your financial health.No matter where you're starting from, it's all about being in the game and taking the steps to move forward. From tracking your spending to building a comfort fund and investing regularly, I've outlined actionable steps to help you gain control over your financial future.IN TODAY’S EPISODE, I DISCUSS: What net worth is and how to calculate itThe different financial classes based on net worthWhy your starting point doesn't define your financial futureActionable steps to build your net worthRECOMMENDED EPISODES FOR YOU If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/Six Ways Financial Institutions Take Advantage of YouTen Tiny Habits That Build Real Wealth (REALISTIC)Why A Million Dollars Doesn't Make You RichThe F.U.N.D. Method For Building & Managing Your Emergency FundWhy Smart People Are Not Always RichWhy The F.I.R.E Movement Is A Pipe-dreamHow To Budget And Safe Without Feeling Trapped RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Six Ways Financial Institutions Take Advantage of You: https://youtu.be/6lnMzHkka6s Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0 The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A Why The F.I.R.E Movement Is A Pipe-dream: https://youtu.be/ynXhohQvMYk ORDER MY NEW USA TODAY BESTSELLING 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 build your money machine.When you do you’ll also get over $1100 in wealth resources & bonuses for FREE! 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