Why Knowing Your Financial Numbers is Vital to Your Future episode artwork

EPISODE · Apr 6, 2023 · 28 MIN

Why Knowing Your Financial Numbers is Vital to Your Future

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

If you're looking to build a secure financial future, then you need to know your numbers. I'm not talking about just your bank account balance or your credit score; I'm talking about your entire financial picture. Your net worth, your retirement savings, your investment portfolio - all of these numbers matter. The road to financial freedom actually has four milestones along the way to make sure you are on path. And when navigating to financial freedom, everyone must pass through these milestones. Do you know where you are? The other thing to realize is that our retirement system is broken, and this episode shows you why and what you need to do instead to take control of your financial destiny for good.That’s why in this episode, I’m going to show you why understanding your financial numbers is vital, how to calculate them, and how you can use them to create a plan for your future. But it's not all about numbers and statistics. I'll also discuss the common pitfalls of the current retirement system and the pathway to financial liberation. By the end of this episode, you'll have the tools and knowledge to take control of your financial future and work towards the retirement of your dreams.  So, don't wait any longer - take control of your finances today!IN TODAY’S EPISODE, I DISCUSS: The path to true financial freedomWhy our retirement system is broken and what you need to do about itUnderstanding your number and why it mattersThe stopping points on the journey to financial freedomRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Capturing the Affluence Vision For Your LifeMaking a Lot of Money Doesn't Guarantee WealthThe Steps to Financial FreedomWhy Financial Freedom Needs to be a MUST For YouTAKE 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:The Basic Affluence Number Calculator: https://www.melabraham.com/number7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/CONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

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Why Knowing Your Financial Numbers is Vital to Your Future

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How long is this episode of Building Your Money Machine?

This episode is 28 minutes long.

When was this Building Your Money Machine episode published?

This episode was published on April 6, 2023.

What is this episode about?

If you're looking to build a secure financial future, then you need to know your numbers. I'm not talking about just your bank account balance or your credit score; I'm talking about your entire financial picture. Your net worth, your retirement...

Is there a transcript available for this episode?

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