Building Your Money Machine

Never Make These 12 Mistakes if You Want to Retire


Listen Later

Welcome to another powerful episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on why so many hardworking people spend 40 years saving faithfully, only to find themselves broke or stressed out in retirement. Let me assure you—it’s not because you didn’t work hard enough. It’s because you might have fallen for certain myths or made some silent mistakes you didn’t even know were happening.

In this episode, we’re tackling the three biggest retirement myths that can derail your future and walking through 12 critical mistakes that could quietly sabotage your freedom. More importantly, I’ll show you exactly how to avoid them so you can finally live the retirement you’ve been dreaming about.

Here’s the truth: earning more doesn’t make you free. Building a money machine—where your money works harder for you than you did for it—does. And retirement is not the finish line, it’s the starting line for a life of choice and meaning.

Drawing from my own journey, I share why chasing some “magic million dollar” number can be a mirage, why you can’t count on Social Security to save your retirement, and why building a plan centered around YOUR desired life—not someone else’s number—is the only way to create real financial freedom.

IN TODAY’S EPISODE, I DISCUSS:

  • The 3 most pervasive retirement myths—and how they keep you stuck
  • Why your “magic number” needs to be based on your lifestyle, not generic rules
  • How over-relying on Social Security puts your dreams at risk
  • What retirement really means (hint: it’s not about income, it’s about choice!)
  • 12 crucial mistakes that can ruin your retirement

RECOMMENDED EPISODES FOR YOU

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

  • The Real Cost of Pretending to be Rich
  • Why Buying a Home is NOT the American Dream
  • Why Most Americans Never Escape the Middle Class Trap
  • What Everyone Gets Wrong About FIRE
  • If You Don't Understand Bonds, You Don't Understand Money

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

  • The Real Cost of Pretending to be Rich: https://youtu.be/D8DgveoFPEM
  • Why Buying a Home is NOT the American Dream: https://youtu.be/ERxc8qmfjlA
  • Why Most Americans Never Escape the Middle Class Trap: https://youtu.be/VBMqrkvvHrY
  • What Everyone Gets Wrong About FIRE: https://youtu.be/OyvPksxNMqo

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

...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

228 ratings


More shows like Building Your Money Machine

View all
Your Virtual Upline Podcast by Bob Heilig

Your Virtual Upline Podcast

1,659 Listeners

Progress Mode with Brendon Burchard by Brendon Burchard

Progress Mode with Brendon Burchard

3,650 Listeners

Earn Your Happy by Lori Harder | YAP Media

Earn Your Happy

2,791 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,582 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,639 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,218 Listeners

Entrepreneurs on Fire by John Lee Dumas of EOFire

Entrepreneurs on Fire

3,831 Listeners

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business by Jenna Kutcher

The Goal Digger Podcast | Top Business and Marketing Podcast for Creatives, Entrepreneurs, and Women in Business

12,068 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,035 Listeners

The Marie Forleo Podcast by Marie Forleo

The Marie Forleo Podcast

1,663 Listeners

the bossbabe podcast by Natalie Ellis

the bossbabe podcast

2,015 Listeners

The Jim Fortin Podcast by Jim Fortin

The Jim Fortin Podcast

1,471 Listeners

Powerhouse Women by Lindsey Schwartz

Powerhouse Women

888 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,599 Listeners

The Daily Motivation by Lewis Howes

The Daily Motivation

917 Listeners