Building Your Money Machine

Wealth Explodes after $100K But Only If You Avoid These Traps!


Listen Later

Welcome back to the Building Your Money Machine Show! Today, I’m pulling back the curtain on one of the most pivotal milestones on your wealth-building journey—the $100,000 mark. Maybe you’ve already reached it in your savings, investments, or revenue, or maybe you’re well on your way. Either way, hitting that first hundred grand isn’t the finish line—it’s just the launch pad.

But here’s what most people don’t realize: right after that $100K milestone, a series of subtle traps start popping up. These aren’t the obvious mistakes—they’re disguised as progress, and if you’re not careful, they’ll derail your momentum just as things are starting to take off.

In this episode, I reveal the seven traps that can stall your wealth after breaking $100,000—and most importantly, how to avoid them. I’ll walk you through keeping lifestyle inflation in check, treating your investment gains with the respect they deserve (hint: it’s not “Vegas money”), and making sure you don’t get blindsided by taxes. We’ll dive into why cash flow is every bit as important as net worth, how static savings can quietly sabotage your future, and why building your dream life is never a solo project.

IN TODAY’S EPISODE, I DISCUSS:

  • Why the $100K threshold is the beginning of your wealth journey
  • How lifestyle inflation can wreck your progress
  • The danger in treating market gains like “found money”
  • The critical difference between net worth and cash flow
  • The “static savings” trap and the importance of keeping your savings rate growing with your income
  • My four-step reset to keep your wealth machine humming

RECOMMENDED EPISODES FOR YOU

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

  • ACCOUNTANT EXPLAINS: Every Level of Wealth in X mins
  • Never Make These 12 Mistakes if You Want to Retire
  • 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

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

  • ACCOUNTANT EXPLAINS: Every Level of Wealth in X mins: https://youtu.be/YAxSPE_4FfY
  • Never Make These 12 Mistakes if You Want to Retire: https://youtu.be/ifbBd9PH8cY
  • 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

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