Building Your Money Machine
Welcome to 'Building Your Money Machine, 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
Shocking Money Stats of The Average American
Welcome to a revealing episode of the Building Your Money Machine Show! Today, I’m uncovering the “13 Shocking Money Stats of the Average American”—facts that will jolt you awake about why so many people struggle financially, and, most importantly, what you can do to avoid becoming one of these statistics.
I walk you through 13 jaw-dropping stats, like how 28% of U.S. wealth is held by just 1% of people, why nearly a quarter of Americans live paycheck to paycheck, and the staggering reality of household savings, debt, medical bills, and student loans. But the story doesn’t end there; for each stat, I share my personal experiences and give you actionable strategies for taking control, building assets, protecting yourself against emergencies, and getting your money working for you.
From automating savings and fighting off financial “termites” to understanding why financial literacy is non-negotiable, these are the practical steps that will help you dodge the traps, master your money, and create a life of real financial freedom.
IN TODAY’S EPISODE, I DISCUSS:
- Concrete steps for escaping the paycheck-to-paycheck trap
- Action plans for breaking free from $1.3 trillion in credit card debt
- Smart approaches to car payments
- The toll medical debt takes
- How to avoid student loan disaster by treating education like an investment with real ROI
- The myth of retirement savings, and why building habits is more important than big balances
- How financial literacy can make or break your wealth
- The hidden dangers of “buy now, pay later” and borrowing from your future self
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- 8 Things You Must Do Before 2026 (Financially)
- The Smartest Order to Invest Your Money (Step-by-Step)
- It Sucks, But It’ll Skyrocket Your Net Worth
- It's Happening Again and What EVERYONE is Missing
- Accountant Explains: How to Invest Your First $10,000
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- 8 Things You Must Do Before 2026 (Financially): https://youtu.be/j-7fYxip5g8
- The Smartest Order to Invest Your Money (Step-by-Step): https://youtu.be/KWrFg8nP42Y
- It Sucks, But It’ll Skyrocket Your Net Worth: https://youtu.be/NDDBwDrkg_c
- It's Happening Again and What EVERYONE is Missing: https://youtu.be/sGaGRH396ms
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
