Why Keeping Over THIS AMOUNT In Cash Is a Huge Mistake

Welcome back to the Building Your Money Machine Show! Today, I’m busting one of the biggest financial myths out there—and it’s something I see trip people up over and over again: the idea that the more cash you keep in the bank, the safer and wealthier you’ll be. In reality, sitting on too much cash might just be one of the riskiest moves for your financial future.Drawing from my decades as a CPA, an entrepreneur, and an advisor, I’ll break down why cash is a protector, not a builder of wealth. We’ll dig into the exact formula you can use to figure out how much cash you really need to keep, how to set up your emergency and peace of mind funds, and what to do when you’re crossing the “too much” cash line. If you want your money to work harder for you than you did for it, this episode is a must-listen.You’ll not only gain peace of mind but also learn to avoid the hidden dangers—like inflation, lifestyle creep, and missed opportunities—that come with stockpiling too much in your checking account. I’ll walk you through practical steps to strike the right balance, boost your security, and unlock the true path to financial freedom.IN TODAY’S EPISODE, I DISCUSS:Why cash is a safety tool—not a path to wealth buildingThe four key reasons you should keep cash on handHow to set up your emergency fund and peace of mind fundThe potential dangers of holding too much cashWhere to park your cash for the best combination of safety, liquidity, and yieldMy free Lifestyle Cost Calculator to help you confidently determine your essentials and financial targetsRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/35 Years of Investing Lessons in 21 Minutes (From a CPA)9 Subtle Signs You’re Building REAL Wealth9 Things Rich People Don’t Waste Money OnHow to Have Better Finances Than 95% of People (in 3 Months)10 Signs Someone is Secretly WealthyRECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:35 Years of Investing Lessons in 21 Minutes (From a CPA): https://youtu.be/uGmn1VppXSg9 Subtle Signs You’re Building REAL Wealth: https://youtu.be/H7OLvx2eciY9 Things Rich People Don’t Waste Money On: https://youtu.be/n4C0FMrIrTcHow to Have Better Finances Than 95% of People (in 3 Months): https://youtu.be/scFXprf7q6MORDER 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

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