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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
Financial Literacy is The Lowest it's Ever Been (This is Sad)
Welcome back to another revealing episode of the Building Your Money Machine Show! Today, I’m diving into a topic that’s honestly got me more fired up than ever before: the sad truth that financial literacy is the lowest it’s ever been—even with all the tech, all the YouTube gurus, and TikTok “experts” you can scroll through in a day.
Let’s face it—something’s gone off the rails. People still think credit cards are free money. Buying luxury cars with no assets to back them. Racking up overdraft fees, draining 401(k)s, signing onto student loans they don't understand, and hoping for forgiveness that may never come. This episode is about breaking down some of the most cringeworthy and all-too-common financial missteps I’ve seen floating around online (and that my team has graciously pulled together for us to react to).
I’m here to break down what should have been done, what needs to change, and how you (or someone you care about) can avoid these money traps. You’ll get real talk, straightforward strategies, and plenty of tough love, so you can sidestep these mistakes—and build your own money machine.
IN TODAY’S EPISODE, I DISCUSS:
- The confusion around how banking and fractional reserve systems really work
- How overdraft fees are like stepping on Legos in the dark
- The real cost of using debt to fund your lifestyle
- The hard truth about student loans
- Why “living in the moment” without a plan leads to future stress
- Protecting relationships by setting healthy money boundaries with friends and family
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- 10 Habits Of The "Fake Rich" You Need To Avoid
- Life Lessons I Wish I Knew Earlier - Here's what matters most
- 14 Hidden Expenses That Silently Destroy Your Wealth
- 40 Years as an Accountant - This is What Rich People Regret Most
- Why You Need To Start Automating Wealth Creation
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- 10 Habits Of The "Fake Rich" You Need To Avoid: https://youtu.be/Ijofyr-YtXY
- Life Lessons I Wish I Knew Earlier - Here's what matters most: https://youtu.be/CChh8Zd36UI
- 14 Hidden Expenses That Silently Destroy Your Wealth: https://youtu.be/z13QSTIdaW8
- 40 Years as an Accountant - This is What Rich People Regret Most: https://youtu.be/x8_f0g_EjVE
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
