Welcome to another episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on a topic that most people either misunderstand or try desperately to ignore: your net worth. Are you actually middle class, or is your paycheck just telling you a comforting story while your bank account plays hide and seek? We’re cutting through the noise and numbers to uncover the truth about wealth in America — what it means to be lower, middle, or upper class, and, more crucially, how you can move up no matter where you’re starting from.In this episode, we get into the real definition of net worth, why it matters far more than how much you make, and how you can use it as a playbook for building your money machine. We’ll break down the wealth categories, from lower class (under $150k), middle class, all the way to the upper class (over $1.5 million in net worth) — but more importantly, I’ll show you the strategies for each stage to keep you moving forward, wherever you’re at right now.IN TODAY’S EPISODE, I DISCUSS:What net worth really meansThe three stages of wealth-buildingHow to build a comfort fundWhy eliminating destructive, high-interest debt is essentialThe power of starting to invest early — even with just $5How to increase your income by skilling up and creating more valueAutomating your savings and investmentsWhy guarding against lifestyle creep is critical as you grow your wealthRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/The Financial Industry's Biggest Lie About Compound Interest1970s Money Habits Not Taught Today... That We Need in 2025Accountant Debunks: The Most Controversial Topics in Personal FinanceThe WORST Investment Lies Told by Finance Gurus8 Signs You're Doing Well Financially (Even If It Doesn't Feel Like It)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:The Financial Industry's Biggest Lie About Compound Interest: https://youtu.be/SiDU-1wVWTA1970s Money Habits Not Taught Today... That We Need in 2025: https://youtu.be/CnUi_Dr_v7IAccountant Debunks: The Most Controversial Topics in Personal Finance: https://youtu.be/9xG2GgrBx8YThe WORST Investment Lies Told by Finance Gurus: https://youtu.be/Nlt9-Z61bxAORDER 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
No persons identified in this episode.
No transcription available yet
Help us prioritize this episode for transcription by upvoting it.
Popular episodes get transcribed faster