Financial Advisor Reveals the Worst Things To Do with Your Money

from Building Your Money Machine · host Mel H Abraham, CPA, CVA, ASA

Understanding how to smartly handle debt can drastically change your financial well-being and reduce stress in your life.In today’s episode, I tackle some of the worst financial decisions you can make and how to avoid them. From the pitfalls of over-leveraging in real estate to neglecting your investment portfolio, I break down what you should steer clear of to maintain financial health. I share personal stories, including a costly investment mistake I made, to highlight the importance of every decision in your financial journey.Want to achieve financial freedom and avoid common money mistakes? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: Smart use of debt and the perils of over-leveraging The necessity of regularly reviewing and rebalancing your investment portfolioWhy diversification is crucial for mitigating financial riskRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Money Planning Process to Achieve Your GoalsHow to Get the Right CPA & Why It MattersDemystifying Your Credit Score & Does It MatterWhat to Do Today to Pay Less Tax and Keep More Money RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:My Money Planning Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM PRE-ORDER MY NEW 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.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

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How long is this episode of Building Your Money Machine?

This episode is 32 minutes long.

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This episode was published on September 2, 2024.

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