Ready to learn why I no longer use banks despite being a millionaire? In this episode, I dive into the reasons why banks might not be the best place for your money and where you should consider putting it instead.

In today's episode of Building Your Money Machine Show, I unpack the operational focus of banks and how their profit-driven priorities can impact your financial growth. From high fees and low interest rates to subpar portfolio performance and biased advice, I break down the pitfalls of banking with traditional financial institutions. I also share the alternative routes I've taken, like using credit unions and online banks, to ensure my money works for me safely and efficiently.

Curious about how to maximize your returns while keeping your money safe? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

• The profit-centric nature of banks and the conflict of interest it creates
• The high fees and low returns offered by traditional banks
• The benefits of credit unions including lower fees, higher interest rates, and personalized service
• The importance of working with fiduciary advisors for tailored financial advice
• How to leverage financial technology for better returns and liquidity

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

• I'm 63. If you're in your 40s watch this...
• It's not just you. Most people won't be financially free
• What the Insurance Industry is Lying to You About
• Alarming Financial Habits That Will Surprise You
• Why Saving Your First $10k Can Change Your Life
• 12 Most Common Regrets of Rich People
• If I Could Only Buy 4 Assets, This is What I Would Do

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• Alarming Financial Habits That Will Surprise You: https://youtu.be/SHTg-TA27s4 
• 12 Most Common Regrets of Rich People: https://youtu.be/fan5rKvRafE
• How to Save YOUR First $100k (My Savings Framework): https://youtu.be/cex4G3Nbqlg 
• If I could only buy 4 assets, this is what I would do: https://youtu.be/dYohJDcGp5Y 

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

Welcome to another insightful episode of the Building Your Money Machine Show. Today, we’re diving deep into the financial lessons I wish I had known when I was in my 40s — lessons that can set you on the fast track to financial freedom, regardless of your age. Whether you're in your 20s, 30s, 40s, 50s, or even 60s, this episode is packed with actionable advice to help you navigate the path to wealth more effectively.

At 63 years young, I reflect on the 11 critical strategies I would have shared with my 40-year-old self. From the importance of automation in saving and investing, to maximizing tax-advantaged accounts, and getting serious about diversification, I cover it all. We’ll talk about investing in skills, prioritizing your future over material possessions, being selective about debt, and knowing your number for financial freedom.

I also emphasize the importance of balancing health and wealth, getting comfortable with risk, and finding the right mentors and coaches to guide you. 

Buckle up for an episode filled with wisdom, practical tips, and inspiration to get in the game and build your financial legacy. It's time to master your money and live a life by choice!

IN TODAY’S EPISODE, I DISCUSS:

• Automating your savings and investing to remove decision fatigue 
• Maximizing tax-advantaged accounts like 401(k)s and IRAs 
• Investing in diversification and skills to build multiple income streams 
• Being selective about debt and prioritizing your future over immediate material gains
• Why most people won't reach financial freedom and the role of financial literacy

RECOMMENDED EPISODES FOR YOU 

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

• It's not just you. Most people won't be financially free
• What the Insurance Industry is Lying to You About
• Alarming Financial Habits That Will Surprise You
• Why Saving Your First $10k Can Change Your Life
• 12 Most Common Regrets of Rich People
• If I Could Only Buy 4 Assets, This is What I Would Do

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• Alarming Financial Habits That Will Surprise You: https://youtu.be/SHTg-TA27s4 
• 12 Most Common Regrets of Rich People: https://youtu.be/fan5rKvRafE
• How to Save YOUR First $100k (My Savings Framework): https://youtu.be/cex4G3Nbqlg 
• If I could only buy 4 assets, this is what I would do: https://youtu.be/dYohJDcGp5Y 

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 

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 literacy
• The four economic characters: Conspicuous Consumers, Constant Producers, Business Creators, and Machine Constructors
• The importance of business creation and investing in wealth building
• Overcoming negative money stories and self-sabotage
• Developing clear life goals and a financial strategy

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If you liked this episode, you'll love these ones:

• Why Staying Rich Is Harder Than Getting Rich
• Financial 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

Are you ready to outsmart the game of money? It’s not just about making money; it's about mastering the art of financial strategy!

In today’s episode, I delve into the principles that can help you build and sustain wealth. I talk about the power of negotiation and the importance of embracing a win-win mentality. From understanding the true value in transactions to practicing regular money audits, I share actionable strategies that wealthy individuals use to keep their financial health in check. We also explore the significance of frugality and investing in assets that bring long-term growth and cash flow.

If you’re looking to transform your financial habits, make smarter investments, and truly enjoy the journey to financial freedom, tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS: 

• The philosophy of negotiation and turning it into a win-win game
• How to focus on the value received rather than just the cost
• The importance of conducting regular money audits to track your financial health

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• Why Staying Rich Is Harder Than Getting Rich
• Financial 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 you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  

Are you ready to uncover the myths and truths behind life insurance? It's time to demystify what the insurance industry might be keeping under wraps!

In today’s episode, I dive deep into the world of whole life insurance versus term life insurance. I'll break down the costs, benefits, and potential pitfalls of each type of policy. We'll explore how investing the premium differences in an S&P 500 Index Fund could potentially lead to significant financial growth over time. And of course, I'm shedding light on some common false claims made by the life insurance industry.

Looking to make informed decisions about your financial future and understand the real impact of life insurance on your wealth? This episode is a must-listen!

IN TODAY’S EPISODE, I DISCUSS: 

• Evaluating whole life insurance versus term life insurance
• The true cost implications of whole life policies
• How investing in the S&P 500 can grow your wealth

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• Why Staying Rich Is Harder Than Getting Rich
• Financial 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 

PRE-ORDER MY NEW 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.

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  

Are you ready to uncover the habits that might be silently eroding your wealth journey? It's not just about how much money you make; it's about the behaviors, choices, and habits that define your financial future!

In today’s episode, I dive deep into the alarming financial habits that many of us fall into without even realizing it. From aimless spending to normalizing debt, I break down these detrimental practices and provide actionable solutions to reverse the damage. I walk you through essential steps to get intentional with your money, prioritize investing, track your numbers, and much more, so you can claim the financial freedom that is your birthright.

Want to take control of your financial destiny and pave your way to wealth? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS: 

• The importance of intentional spending and setting financial goals 
• The impact of financial literacy on your money journey 
• Prioritizing investing over lifestyle spending

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If you liked this episode, you'll love these ones:

• My Money Planning Process to Achieve Your Goals
• How to Get the Right CPA & Why It Matters
• Demystifying Your Credit Score & Does It Matter
• What to Do Today to Pay Less Tax and Keep More Money   

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y 
• How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk 
• Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw 
• What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM 

PRE-ORDER MY NEW 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.

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  

Ready to change your financial future with your first $10K? It's not just a small step—it's the start of something monumental!

In today's episode, I delve into why saving your first $10K can be a game-changer in your financial journey. I share the inspiring story of Sylvia Bloom—a legal secretary who amassed over $9 million by focusing on key wealth drivers. You'll learn why it's not about how much you make but what you do with your money that matters. We break down the four crucial wealth drivers that will propel your financial journey and discuss how building this initial $10K infuses you with skills, habits, and a mindset destined for wealth.

Want to transform your financial future and master the money game? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS: 

• The importance of the first $10K in your financial journey 
• Sylvia Bloom's inspiring journey from modest salary to millionaire 
• The four critical wealth drivers: income, savings rate, returns, and time 

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• My Money Planning Process to Achieve Your Goals
• How to Get the Right CPA & Why It Matters
• Demystifying Your Credit Score & Does It Matter
• What to Do Today to Pay Less Tax and Keep More Money    

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y 
• How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk 
• Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw 
• What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM 

PRE-ORDER MY NEW 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.

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  

Are you ready to uncover the real reasons behind the common regrets of the wealthy? It’s not just about having money; it’s about living a fulfilling, meaningful life!

In today’s episode, I dive deep into the 12 most common regrets of rich people and how you can avoid falling into the same traps. From the emptiness that possessions can bring without meaningful relationships to the significance of prioritizing health over success, I cover it all. I also share my personal experiences and valuable lessons learned from decades of advising people on building both wealth and a rich life.

Want to master money and live a life of true richness? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS: 

• The emptiness of wealth without relationships or experiences 
• The joyless journey of focusing solely on end goals rather than the process
•  The critical importance of maintaining health alongside success

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• Why Staying Rich Is Harder Than Getting Rich
• Financial 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 

PRE-ORDER MY NEW 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.

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  

Ready to build wealth simply and effectively? Say goodbye to convoluted strategies and confusion!

In today's episode of the Building Your Money Machine Podcast, I dive into the four key assets I would focus on if I were building wealth from scratch. I share how investing in yourself, diversified ETF's, real estate, and businesses can set you on the path to financial freedom. Learn how to align these investments with your lifestyle, leverage your expertise, and make informed decisions for sustainable wealth creation.

Want to master your finances and live a life by choice? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS: 

• The importance of investing in yourself and your intellectual property
• The benefits of diversified ETF's and index funds, from liquidity to low fees
• Why real estate, bought at the right time, offers unique advantages

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• Why Staying Rich Is Harder Than Getting Rich
• Financial 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 

PRE-ORDER MY NEW 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.

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  

Ever wonder what sets the financially free apart from the rest of us? It’s all about leveraging the right assets.

In today’s episode, I dive deep into the nine assets that are making people rich and allowing them to live lives of choice and freedom. From cash for liquidity and opportunities to the power of index funds and real estate, I cover it all. Plus, I’ll share the story of how a six-year-old highlighted the importance of breaking free from the earnings-efforts treadmill.

If you're ready to start building your money machine and want to understand how to invest in assets that separate your earnings from the effort to earn them, this episode is for you!

IN TODAY’S EPISODE, I DISCUSS: 

• The significance of having cash reserves for emergencies and opportunities
• The benefits and risks of bonds and stocks
• Why mutual funds and ETF’s are safer picks for beginners 

RECOMMENDED EPISODES FOR YOU 

If you liked this episode, you'll love these ones:

• My Money Planning Process to Achieve Your Goals
• How to Get the Right CPA & Why It Matters
• Demystifying Your Credit Score & Does It Matter
• What to Do Today to Pay Less Tax and Keep More Money   

RECOMMENDED VIDEOS FOR YOU 

If you liked this video, you'll love these ones:

• My Money Planning  Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y 
• How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk 
• Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw 
• What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM 

PRE-ORDER MY NEW 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.

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