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Building Your Money Machine
Welcome to 'Building Your Money Machine,' (fka The Affluent Entrepreneur Show) hosted by Mel Abraham, CPA, a renowned financial expert and author of USA Today Bestseller, 'Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!.' On this podcast, Mel shares his insights and experiences from over 30 years in the field of wealth-building, entrepreneurship and mentorship to financial freedom. Each episode provides actionable strategies to master your money, remove financial stress, and live a life by choice, not chance. Whether you work for a company, are a seasoned entrepreneur or someone just starting out on your financial journey, this podcast offers the tools, actionable frameworks and knowledge you need to create your own money machine and secure your financial future. Tune in weekly for expert advice, inspiring guest interviews, and the practical wisdom that will help you take control of your financial destiny. Subscribe now and start building the life you’ve always dreamed of.
Building Your Money Machine
Major Money Milestones To Achieve in Your 40s
Welcome to another crucial episode of the Building Your Money Machine Show. Today, I’m exploring major money milestones you need to hit in your 40s, but don’t worry if you’re in your 20s or 30s — these strategies will propel you towards financial security no matter your age. Whether you’re feeling behind or just looking to ensure a prosperous future, this episode is your guide to building wealth and prioritizing financial freedom.
Reflecting on my own journey, I’m sharing the 11 money milestones I would tell my 40-year-old self, encompassing actions from automating your wealth-building behaviors to maxing out tax-advantaged accounts like 401(k)s and Roth IRAs. We'll dive into owning more assets than liabilities, developing multiple streams of income, and crafting a straightforward investment strategy.
I emphasize the significance of prioritizing future security over present-day indulgences, the necessity of understanding risk and reward, and how crucial it is to not walk this journey alone. From enhancing your financial literacy to taking charge of your health for a well-rounded, vibrant future, there’s a wealth of knowledge in today’s episode to aid your financial growth.
IN TODAY’S EPISODE, I DISCUSS:
- Automating your financial decisions to eliminate friction
- Maximizing contributions to tax-advantaged savings and retirement accounts
- Creating a diversified investment portfolio while enhancing financial literacy
- Being strategic about the use of debt and focusing on sustainable joy
- The impact of making informed choices and aligning your lifestyle with wealth goals
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- How To Save More in 6 Months Than Most People Do in 6 Years
- Why The PERFECT Retirement Is Actually A Huge LIE
- 11 Timeless Habits To Survive Any Recession
- What you need to know before retiring
- Are you ready for what's going to happen to the economy?
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- How To Save More in 6 Months Than Most People Do in 6 Years: https://youtu.be/IO4ZRL1B244
- Why The PERFECT Retirement Is Actually A Huge LIE: https://youtu.be/n-yrvwAT8po
- 11 Timeless Habits To Survive Any Recession: https://youtu.be/Hi5f0F2x_68
- What you need to know before retiring: https://youtu.be/TTFwT6Q9wE4
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
