It's not just you. Most people won't be financially free episode artwork

EPISODE · Oct 7, 2024 · 30 MIN

It's not just you. Most people won't be financially free

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

In today’s episode, I dive into the reality that most people won't achieve financial freedom—and it's not just about the numbers. Let’s look deeper into why 78% of Americans are stuck living paycheck to paycheck, and what we can do about it. I explore the importance of financial literacy and how it’s essential for anyone looking to break free from the paycheck-to-paycheck cycle. You'll discover the four key characters in our economic system: Conspicuous Consumers, Constant Producers, Business Creators, and Machine Constructors. Spoiler: Wealth isn't built through constant consumption or labor alone; it’s from savvy business creation and investing.Don’t let poor financial habits or fear of making money mistakes stop you. I break down the seven critical elements to overcome for financial success, and why having a vision, strategy, and actionable plan is crucial.Ready to take control of your financial future and live a life by design? Tune in now!IN TODAY’S EPISODE, I DISCUSS:Why most people won't reach financial freedom and the role of financial literacyThe four economic characters: Conspicuous Consumers, Constant Producers, Business Creators, and Machine ConstructorsThe importance of business creation and investing in wealth buildingOvercoming negative money stories and self-sabotageDeveloping clear life goals and a financial strategyRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Why Staying Rich Is Harder Than Getting RichFinancial Armageddon is coming. Here's how you prepare…How to Save YOUR First $100k (My Savings Framework)Listen to These 70 Minutes To Get Rich in 2024    RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Why Staying Rich Is Harder Than Getting Rich: https://youtu.be/VegPiyx9sno Financial Armageddon is coming. Here's how you prepare…: https://youtu.be/q6HtMLsNyqE How to Save YOUR First $100k (My Savings Framework: https://youtu.be/cex4G3Nbqlg Watch These 70 Minutes To Get Rich in 2024: https://youtu.be/6jA1adsoxSk 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 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

Episode metadata supplied by the publisher feed · Published Oct 7, 2024

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In today’s episode, I dive into the reality that most people won't achieve financial freedom—and it's not just about the numbers. Let’s look deeper into why 78% of Americans are stuck living paycheck to paycheck, and what we can do about it. I explore the importance of financial literacy and how it’s essential for anyone looking to break free from the paycheck-to-paycheck cycle. You'll discover the four key characters in our economic system: Conspicuous Consumers, Constant Producers, Busin...

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It's not just you. Most people won't be financially free

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This episode was published on October 7, 2024.

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