Welcome to a revealing episode of the Building Your Money Machine Show! Today, I’m uncovering the “13 Shocking Money Stats of the Average American”—facts that will jolt you awake about why so many people struggle financially, and, most importantly, what you can do to avoid becoming one of these statistics.

I walk you through 13 jaw-dropping stats, like how 28% of U.S. wealth is held by just 1% of people, why nearly a quarter of Americans live paycheck to paycheck, and the staggering reality of household savings, debt, medical bills, and student loans. But the story doesn’t end there; for each stat, I share my personal experiences and give you actionable strategies for taking control, building assets, protecting yourself against emergencies, and getting your money working for you.

From automating savings and fighting off financial “termites” to understanding why financial literacy is non-negotiable, these are the practical steps that will help you dodge the traps, master your money, and create a life of real financial freedom.

IN TODAY’S EPISODE, I DISCUSS:

• Concrete steps for escaping the paycheck-to-paycheck trap 
• Action plans for breaking free from $1.3 trillion in credit card debt
• Smart approaches to car payments
• The toll medical debt takes
• How to avoid student loan disaster by treating education like an investment with real ROI
• The myth of retirement savings, and why building habits is more important than big balances
• How financial literacy can make or break your wealth
• The hidden dangers of “buy now, pay later” and borrowing from your future self

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If you liked this episode, click here to enjoy these and more:
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• 8 Things You Must Do Before 2026 (Financially)
• The Smartest Order to Invest Your Money (Step-by-Step)
• It Sucks, But It’ll Skyrocket Your Net Worth
• It's Happening Again and What EVERYONE is Missing
• Accountant Explains: How to Invest Your First $10,000

RECOMMENDED VIDEOS FOR YOU

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

• 8 Things You Must Do Before 2026 (Financially): https://youtu.be/j-7fYxip5g8
• The Smartest Order to Invest Your Money (Step-by-Step): https://youtu.be/KWrFg8nP42Y
• It Sucks, But It’ll Skyrocket Your Net Worth: https://youtu.be/NDDBwDrkg_c
• It's Happening Again and What EVERYONE is Missing: https://youtu.be/sGaGRH396ms

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