Building Your Money Machine

You can build wealth even if you're in debt... here's how


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Are you wondering if you should start building wealth even if you're in debt? You're not alone! It's a common question with a not-so-simple answer.

In today's episode, I dive into the complexities of managing debt while investing for your future. I explore the two personality traits of all debt, the importance of having a debt payment plan, and why building wealth is as much a psychological game as it is a financial one. I also introduce the wealth creation curve and explain why starting to invest early, even with debt, can be beneficial in the long run.

Ready to take control of your debt and start building wealth simultaneously? Tune in to the full episode now!


IN TODAY’S EPISODE, I DISCUSS: 

  • The two personality traits of all debt and how they impact your finances and mindset
  • The importance of having a debt payment plan in place before investing
  • Introducing the wealth creation curve and the significance of the "wealth flatline" phase


RECOMMENDED EPISODES FOR YOU 

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

  • The 25 Top Money Books I've Read (What I Learned)
  • Traditional Financial Advice Doesn't Work for Entrepreneurs
  • Build Wealth & Live a Rich Life at Any Age (My so n's journey)
  • How to Do Money Right As a Family   


RECOMMENDED VIDEOS FOR YOU 

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

  • I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 
  • Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 
  • Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM 
  • How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo 



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 

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

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