9 Things Rich People Don’t Waste Money On

Welcome to another eye-opening episode of the Building Your Money Machine Show! I’m Mel Abraham, and today we’re tearing down the myths that social media, Instagram, and pop culture sell about wealth—the fancy cars, designer wardrobes, and mega-mansions. Real wealth isn’t about showing off; it’s about saying “no” to the things that drain your potential and your bank account.

In this episode, I reveal the nine things that truly wealthy people absolutely do not waste their money on. Far from being “cheap,” the rich invest intentionally in quality—so their purchases last, their homes serve their lifestyle (not their ego), and their assets quietly grow while others chase status symbols and debt.

This isn’t about sacrificing joy—it’s about asking, “Does this get me closer to my dreams and financial freedom?” Every dollar you spend is either building your money machine or someone else’s. I give you the framework, tools like the free Lifestyle Cost Calculator, and actionable strategies to keep your spending intentional and aligned with your vision.

Get ready for an episode packed with practical advice that can help you master your money!

IN TODAY’S EPISODE, I DISCUSS:

• Why buying cheap actually costs you more in the long run
• How the wealthy avoid “home ego” spending and live within their means
• The dangers of chasing status and loud debt instead of quiet wealth
• Why luxury transport are often chains, not freedom
• The real odds behind lottery tickets and gambling
• How to avoid financial penalties and banking fees that erode your wealth

RECOMMENDED EPISODES FOR YOU

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

• How to Have Better Finances Than 95% of People (in 3 Months)
• 10 Signs Someone is Secretly Wealthy
• Wealth Explodes after $100K But Only If You Avoid These Traps!
• ACCOUNTANT EXPLAINS: Every Level of Wealth in X mins
• Never Make These 12 Mistakes if You Want to Retire

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

• How to Have Better Finances Than 95% of People (in 3 Months): https://youtu.be/scFXprf7q6M
• 10 Signs Someone is Secretly Wealthy: https://youtu.be/6Q6boC1l77E
• Wealth Explodes after $100K But Only If You Avoid These Traps!: https://youtu.be/52zuVc9MRpA
• ACCOUNTANT EXPLAINS: Every Level of Wealth in X mins: https://youtu.be/YAxSPE_4FfY

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