Welcome back to another episode of the Building Your Money Machine Show! Today, I’m rolling up my sleeves and getting honest about the most controversial topics in personal finance. You know the ones—those “hot takes” that get tossed around at barbecues, family gatherings, and across social media feeds, usually prefaced with something like, “Well, my buddy said...”—and before you know it, that spicy advice is burning a hole in your financial future.

In this episode, I’m debunking some of the biggest myths in personal finance, from the renting vs. owning debate to whether all debt is evil, leasing vs. buying cars, if you really need a financial advisor, the realities of the FIRE movement, and the age-old battle between real estate and stock investing.

IN TODAY’S EPISODE, I DISCUSS:

• Renting vs. Owning a Home
• Debt & Credit Cards—Doom or Delight?
• Lease vs. Buy: Car Conundrum:
• Do You Really Need a Financial Advisor?
• The FIRE Movement—Does It Work for Everyone?
• Real Estate vs. Stocks—Which Builds More Wealth?

Plus—hear about the FREE Home Buy vs Rent Tool to get to the real numbers, not just guesswork. (Get it at melabraham.com/homebuy.)

This episode is packed with actionable advice, myth-busting, and a reminder that personal finance is just that: personal. But good decisions are universal, and you never have to go it alone.

RECOMMENDED EPISODES FOR YOU

If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/

• 8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It)
• Accountant Explains: The 4 Financial Freedom Zones - How close are you?
• Master Financial Literacy in 32 mins: Everything They Didn't Teach You in School
• The One Choice That Will Determine Your Financial Future
• If You Knew This About Banks, You Would Think Twice Before Giving Them Your Money

RECOMMENDED VIDEOS FOR YOU
 
If you liked this video, you'll love these ones:

• 8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It): https://youtu.be/KKhrKQb-v40
• Accountant Explains: The 4 Financial Freedom Zones - How close are you?: https://youtu.be/Md3mF7zg8fk
• Master Financial Literacy in 32 mins: Everything They Didn't Teach You in School: https://youtu.be/RquD90vfEvs
• The One Choice That Will Determine Your Financial Future: https://youtu.be/RquD90vfEvs

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 to 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 you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com