Artwork
iconShare
 
Manage episode 521013231 series 1281827
Content provided by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Welcome to another episode of the Building Your Money Machine Show! Today, I’m sharing a game-changing roadmap that truly transformed my own financial journey — the 3 Net Worth Milestones that can change everything for you, especially when life throws unexpected curveballs.

We dive into the three essential net worth milestones—$100K, $500K, and $1M—that mark your progress from discipline, to momentum, to true financial freedom. I break down what each milestone means, why it matters so much, what to expect along the way, and, crucially, what steps to take whether you’re just beginning or already making traction.

I share my own experiences: the golden-hamster-wheel days when I believed more income was the answer, the reality check that upended that belief, and the behavioral shifts that really move the needle. We debunk the income trap, talk about the exponential power of compounding and time, and reveal why so many quit right before compounding really kicks in.

IN TODAY’S EPISODE, I COVER:

  • Why true financial freedom is about what happens when you can’t earn, not just how much you make
  • The “Income Trap” and why earning more alone doesn’t set you free
  • The 3 Net Worth Milestones
  • Why your first $100K is the hardest, but builds belief and essential habits for life
  • The exponential magic of compounding
  • Smart strategies for optimizing your investments
  • Avoiding lifestyle creep and risky bets when growth accelerates
  • Why you shouldn’t wait for a crisis to start

RECOMMENDED EPISODES FOR YOU

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

  • If You Don’t Understand The K-Shaped Economy, You’ll Never Get Rich
  • How to Build Systems to Actually Achieve Your Financial Goals
  • The ONLY Money Rule ALL Rich People Use
  • If You Don't Understand Fiat Currency, You Don't Understand Money
  • 7 Popular Finance Tips That Are Quietly Keeping You Broke

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

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

  continue reading

477 episodes