Welcome to another empowering episode of the Building Your Money Machine Show! I’m Mel Abraham, your host, and today I’m pulling back the curtain on something I’ve learned after decades as a CPA and money mentor: wealth is not just predictable, it’s climbable. After staring at more spreadsheets and tax returns than I care to admit, I can confidently say the math always maths out.
In this episode, I break down every level of wealth—from financial struggle all the way to abundance and even the ultra-rich—so you can finally see where you are on the wealth ladder, what it feels like at each stage, and the concrete steps to move to the next level. Think of this as your real roadmap to financial freedom.
This isn’t about earning more just for the sake of it. True freedom begins when your money is working harder for you than you did for it. I’ll walk you through the traps to avoid, the mindsets to adopt, and the specific actions to take at each rung of the ladder, including how to handle crises, build stability, achieve independence, and ultimately design your life with purpose and legacy in mind.
IN TODAY’S EPISODE, I DISCUSS:
- The 7 Levels of Wealth
- The critical mindset shifts required to move up each rung of the wealth ladder
- Emergency funds, comfort funds, peace of mind funds, and how to use each as building blocks
- When to shift focus from saving to investing
- Why most Americans are stuck in paycheck-to-paycheck mode
- The keys to protecting your wealth as you grow
- How to transition from financial independence to freedom
- The real meaning of wealth
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- Never Make These 12 Mistakes if You Want to Retire
- The Real Cost of Pretending to be Rich
- Why Buying a Home is NOT the American Dream
- Why Most Americans Never Escape the Middle Class Trap
- What Everyone Gets Wrong About FIRE
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- Never Make These 12 Mistakes if You Want to Retire: https://youtu.be/ifbBd9PH8cY
- The Real Cost of Pretending to be Rich: https://youtu.be/D8DgveoFPEM
- Why Buying a Home is NOT the American Dream: https://youtu.be/ERxc8qmfjlA
- Why Most Americans Never Escape the Middle Class Trap: https://youtu.be/VBMqrkvvHrY
ORDER MY NEW USA TODAY BESTSELLING BOOK:
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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.
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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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