Building Your Money Machine
Building Your Money Machine
Mel H Abraham, CPA, CVA, ASA, CSP
Why Knowing Your Financial Numbers is Vital to Your Future
29 minutes Posted Apr 6, 2023 at 7:00 am.
Introduction
First stopping point: financial stability
Second stopping point: financial security
Third stopping point: financial independence
Fourth stopping point: financial freedom
True Independence: The Goal of Financial Planning
Industrial age mindset
Example calculation
How much are you going to save every year between now and retirement?
The Basic Affluence Number Calculator
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29:47
Download MP3
Show notes

If you're looking to build a secure financial future, then you need to know your numbers. I'm not talking about just your bank account balance or your credit score; I'm talking about your entire financial picture. Your net worth, your retirement savings, your investment portfolio - all of these numbers matter. 

The road to financial freedom actually has four milestones along the way to make sure you are on path. And when navigating to financial freedom, everyone must pass through these milestones. Do you know where you are? The other thing to realize is that our retirement system is broken, and this episode shows you why and what you need to do instead to take control of your financial destiny for good.

That’s why in this episode, I’m going to show you why understanding your financial numbers is vital, how to calculate them, and how you can use them to create a plan for your future. But it's not all about numbers and statistics. I'll also discuss the common pitfalls of the current retirement system and the pathway to financial liberation.

By the end of this episode, you'll have the tools and knowledge to take control of your financial future and work towards the retirement of your dreams.  So, don't wait any longer - take control of your finances today!

IN TODAY’S EPISODE, I DISCUSS: 

  • The path to true financial freedom
  • Why our retirement system is broken and what you need to do about it
  • Understanding your number and why it matters
  • The stopping points on the journey to financial freedom

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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 

OTHER RESOURCES:
The Basic Affluence Number Calculator: https://www.melabraham.com/number
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube/
Instagram (@melabraham9): MelAbraham.com/ig/
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham

GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/