Wealth by the Decade - Messy 30s
from Building Your Money Machine Hosted by Mel H Abraham, CPA, CVA, ASA
Ah, the 30s—a time of exhilarating milestones and sometimes bewildering financial chaos. In this episode, I'll unravel the key points to help you seize the opportunities and overcome the challenges that come your way. From career advancements to growing families, these pivotal years are filled with life-altering decisions that can shape your financial future. Join me as I discuss strategies for accelerating your income and making smart investments. By the end of this episode, you'll have actionable steps to take to create a strong financial foundation and avoid the potential pitfalls that come with the "messy middle." You don't want to miss this episode, so hit that play button, and let's dive in! IN TODAY’S EPISODE, I DISCUSS: Achieving work-life harmony in your 30s Expanding investments and creating margin in your 30s Taking advantage of tax-free accounts for a stable future RECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones: Create a Money Machine for Financial Freedom Wealth By The Decade - Roaring 20s Wealth By The Decade - Fortunate 40s + If You're Behind Wealth By The Decade - Flying 50s + If You're Behind 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 OTHER RESOURCES: 7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group CONNECT WITH ME: Website: MelAbraham.com| YouTube: MelAbraham.com/tube/ Instagram (@melabraham9): MelAbraham.com/ig/ Facebook Group: MelAbraham.com/group/ TikTok: https://www.tiktok.com/@melhabraham GET MY BOOK: “The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
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What this episode covers
Ah, the 30s—a time of exhilarating milestones and sometimes bewildering financial chaos. In this episode, I'll unravel the key points to help you seize the opportunities and overcome the challenges that come your way. From career advancements to growing families, these pivotal years are filled with life-altering decisions that can shape your financial future. Join me as I discuss strategies for accelerating your income and making smart investments. By the end of this episode, you'll ...
Chapters
- 0:00 Introduction
- 4:11 Wealth driver #1 - Money
- 5:40 Wealth driver #2 - Time
- 8:05 Wealth driver #3 - Discipline
- 12:27 Four stages to reach financial milestones
- 14:10 The financial liberation journey
- 23:23 Maintain stability by prioritizing financial decisions
- 26:11 Finding the balance between wealth and family
- 29:44 Expanding financial foundation and intentional spending
- 33:11 Tactics for the 30s
- 37:08 Net worth tracking and seeking advice
- 39:28 Recommend life, umbrella, and disability policies
- 44:06 Caution #1: Avoiding keeping up with the Joneses Syndrome
- 45:16 Caution #2: Expanding lifestyle beyond income growth
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