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
7 Assets Rich People Never Buy And The Poor Always Do
Welcome to another actionable episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on a topic that quietly separates the wealthy from everyone else: the assets you choose not to buy. We’ve all been taught that wealth is about earning more and investing harder, but after three decades as a CPA and money mentor—and having walked this road personally—I can tell you, true wealth has just as much to do with avoiding costly mistakes as it does with seizing the right opportunities.
In this episode, I break down seven assets that the rich almost never touch—but unfortunately, the poor and middle class often do. You’ll hear why these things look so attractive, how they’re cleverly marketed, and why saying “no” to these sneaky traps can be the difference between financial struggle and financial freedom. I’ll show you how every asset you buy either gives you more options or quietly takes them away—and how you can avoid self-inflicted money wounds that sabotage your future.
I'll introduce you to my Lifestyle Cost Calculator so you can truly master your lifestyle expenses.
IN TODAY’S EPISODE, I DISCUSS:
- The 7 assets wealthy people almost never buy
- Why buying luxuries with debt is simply borrowing from your future
- The truth about timeshares, high-fee annuities
- When to buy rental property so you can survive the bumps that others don’t see coming
- The dangers of starting ego businesses with money you can’t afford to lose
- How illiquid investments destroy your ability to pivot when life happens
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- How Much Money Do You Actually Need to Be Rich in 2026
- Psychology of People Who Act Poor When They're Rich
- I Met 400+ Millionaires - This is what I LEARNED
- Once You Get Rich, Change These 6 Things Immediately
- 12 Unsexy Habits That Made Me Serious Money
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- How Much Money Do You Actually Need to Be Rich in 2026: https://youtu.be/85I0KQmX9PM
- Psychology of People Who Act Poor When They're Rich: https://youtu.be/KpZEuniVbwk
- I Met 400+ Millionaires - This is what I LEARNED: https://youtu.be/EwQtlsle45Y
- Once You Get Rich, Change These 6 Things Immediately: https://youtu.be/exgaT-fho5M
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!
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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
