Feel like you’re not quite where you should be financially? Don’t worry; it’s never too late to start building your wealth!
Welcome back to another episode of the Building Your Money Machine Show. Today, I'm sharing crucial financial wisdom that I wish I had known by my 40s. These lessons are designed to set you on the path to financial freedom, no matter where you are in life. Whether you're in your 20s, 30s, 40s, or beyond, this episode is packed with actionable insights to help you navigate your financial journey.
Through my personal experiences and critical financial strategies, including an eye-opener health scare, I'll guide you on the importance of maintaining your health, securing cash for emergencies, and making smart investment choices. We’ll cover everything from diversified ETFs to alternative investments, ensuring you have the tools you need to build and protect your wealth.
Get ready for an episode that’s filled with practical tips, heartfelt reflections, and effective strategies to help you take control of your financial future. It's time to create a sustainable financial foundation and enjoy the life you deserve!
IN TODAY’S EPISODE, I DISCUSS:
- The significant link between health and wealth.
- Building a “peace of mind fund” and the benefits of liquidity.
- Diversifying with ETFs or index funds for growth and stability.
- Managing and eliminating destructive debt.
- The type of insurance you need to protect against life's uncertainties.
- Setting up a financial vision and investment strategy for your 40s and beyond.
- Exploring real estate and alternative investments.
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!
Go to: YourMoneyMachineBook.com
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 [ Ссылка ]
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★ WHO IS MEL ABRAHAM ★
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I’m a seasoned CPA turned entrepreneurial innovator and money mentor. I am the mind behind the USA Today bestseller, Building Your Money Machine: How To Get Your Money To Work Harder For You Than You Did For It!. As the founder of The Affluence Blueprint™, The Legacy Factor™, and Thoughtpreneur™ Academy, Mel has dedicated his career to empowering individuals and entrepreneurs to transform their financial destinies and craft lives of choice, not chance.
The inception of Mel’s groundbreaking principles was profoundly personal as they were born out being a single full-time dad and not wanting to compromise that relationship in the name of success. The power of these principles became even more evident when he was faced with a life-threatening health diagnosis which forced him to confront his mortality and the fragility of life. This pivotal moment, coupled with the economic turmoil of the pandemic, galvanized him to distill his financial wisdom into strategies accessible to all. His books and teachings offer not just hope but real tools for building lasting wealth and impact.
Now it’s your turn
Meet Mel at [ Ссылка ]
Cheers,
Mel
==== Time Stamps ====
00:00 Importance of Maintaining Health for Financial Success
06:45 Understanding Cash/Liquidity in Your 40s
11:30 Diversified ETFs or Index Funds for a Strong Financial Foundation
18:20 Combating Destructive Debt and Building Wealth
23:15 Critical Insurance Policies for Financial Security
29:00 Crafting a Financial Vision and Investment Strategy
35:50 Exploring Real Estate and Alternative Investments
6 Assets You Should Own By Your 40s
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