Welcome back to another revealing episode of the Building Your Money Machine Show! Today, I’m diving into a topic that’s honestly got me more fired up than ever before: the sad truth that financial literacy is the lowest it’s ever been—even with all the tech, all the YouTube gurus, and TikTok “experts” you can scroll through in a day.

Let’s face it—something’s gone off the rails. People still think credit cards are free money. Buying luxury cars with no assets to back them. Racking up overdraft fees, draining 401(k)s, signing onto student loans they don't understand, and hoping for forgiveness that may never come. This episode is about breaking down some of the most cringeworthy and all-too-common financial missteps I’ve seen floating around online (and that my team has graciously pulled together for us to react to).

I’m here to break down what should have been done, what needs to change, and how you (or someone you care about) can avoid these money traps. You’ll get real talk, straightforward strategies, and plenty of tough love, so you can sidestep these mistakes—and build your own money machine.

IN TODAY’S EPISODE, I DISCUSS:

• The confusion around how banking and fractional reserve systems really work
• How overdraft fees are like stepping on Legos in the dark
• The real cost of using debt to fund your lifestyle
• The hard truth about student loans
• Why “living in the moment” without a plan leads to future stress
• Protecting relationships by setting healthy money boundaries with friends and family

RECOMMENDED EPISODES FOR YOU

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

• 10 Habits Of The "Fake Rich" You Need To Avoid
• Life Lessons I Wish I Knew Earlier - Here's what matters most
• 14 Hidden Expenses That Silently Destroy Your Wealth
• 40 Years as an Accountant - This is What Rich People Regret Most
• Why You Need To Start Automating Wealth Creation

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

• 10 Habits Of The "Fake Rich" You Need To Avoid: https://youtu.be/Ijofyr-YtXY
• Life Lessons I Wish I Knew Earlier - Here's what matters most: https://youtu.be/CChh8Zd36UI
• 14 Hidden Expenses That Silently Destroy Your Wealth: https://youtu.be/z13QSTIdaW8
• 40 Years as an Accountant - This is What Rich People Regret Most: https://youtu.be/x8_f0g_EjVE

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