Wealth By The Decade - Roaring 20s
from Building Your Money Machine Hosted by Mel H Abraham, CPA, CVA, ASA
We're diving into the first installment of our special series, Wealth By The Decade, where I'll be sharing with you valuable insights and strategies to build wealth at every stage of life. As we all know, the twenties are all about living fast and making memories, but they’re also equally important in setting the tone for your financial future. This episode discusses the crucial elements to consider when building wealth, especially during your twenties. I explain the fundamentals of wealth creation, including the wealth triad and stages of the financial liberation journey, as these concepts apply to all ages and stages of wealth creation. So, if you want to know how to capitalize on the opportunities and challenges of your 20s, and pave the way for greater wealth and prosperity, don't miss out on this episode! IN TODAY’S EPISODE, I DISCUSS: Wealth creation's four stages towards financial liberation Effective management of income and expenses Consistent steps towards financial liberation 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 - Messy 30s 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
We're diving into the first installment of our special series, Wealth By The Decade, where I'll be sharing with you valuable insights and strategies to build wealth at every stage of life. As we all know, the twenties are all about living fast and making memories, but they’re also equally important in setting the tone for your financial future. This episode discusses the crucial elements to consider when building wealth, especially during your twenties. I explain the fundamentals of wealth c...
Chapters
- 0:00 Introduction
- 3:31 Wealth driver #1 - Money
- 5:01 Wealth driver #2 - Time
- 7:21 Wealth driver #3 - Discipline
- 12:28 Four stages to reach financial milestones
- 14:11 The financial liberation journey
- 22:14 The roaring 20s and the importance of clarity
- 27:35 Don’t wait to create wealth
- 29:30 Live below your means and invest in the future
- 36:12 The top hazards to avoid in your 20s
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