Building Your Money Machine

Investing $10 a day for 5 years. Here's what happens…


Listen Later

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!

In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!

I also emphasize why getting in the wealth-building game is so important, no matter how much you can start with. Your investing behavior matters more than the amount of money. It's not about having a lot to invest, it's about putting your money to work for you.

Want to see how you can turn $10 a day into nearly $1 million over time? Check out the full episode now!


IN TODAY’S EPISODE, I DISCUSS: 

  • How investing just $10 a day in an index fund over 30 years can grow to $847,000
  • Why your wealth-building behavior and getting started is more important than the amount you invest
  • Historical backtested returns of investing in VOO vs VTI index funds over 5 years


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 


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  

...more
View all episodesView all episodes
Download on the App Store

Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

  • 5
  • 5
  • 5
  • 5
  • 5

5

232 ratings


More shows like Building Your Money Machine

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,451 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,564 Listeners

Achieve Your Goals with Hal Elrod by Hal Elrod

Achieve Your Goals with Hal Elrod

1,345 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,580 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,641 Listeners

Plenty with Kate Northrup by Kate Northrup, Author, Entrepreneur, and Speaker

Plenty with Kate Northrup

667 Listeners

ChooseFI by ChooseFI

ChooseFI

5,158 Listeners

Journey To Launch by Jamila Souffrant

Journey To Launch

1,689 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,080 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

451 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,608 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,615 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

201 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

351 Listeners

BigDeal by Codie Sanchez

BigDeal

925 Listeners