Accountant Explains: How to Invest Your First $10,000

Hey there. Real quick, before we jump into the episode, listen, if your earnings treadmill hasn't set you free yet, running faster won't either. Listen, hustle without principles just going to burn you out. So here's what I want for you. I want you to join me for my money machine experience live. It is three free trainings. Deep dive into how to escape the treadmill and build a money machine that actually works for you. All right, grab your spot here by going to moneymachinelive.com and I'll see you in the free training. What would you do if $10,000 suddenly landed in your bank account right now? Because most people would either freeze or flex. They literally will stare at it like it's radioactive or spend it like it's on fire. But that first $10,000, that could change your life. But only if you use it right. Because you get this wrong, you'll miss out on hundreds of thousands of dollars over your lifetime. Get it right, though, and it becomes the seed money for your money machine. This is the thing that gives you freedom of choice and not financial anxiety. So today, I'm not just talking about where to invest that money. I'm showing you exactly how to use it in the right way, in the right order to build your wealth. Because the first step isn't buying an investment. It's building a foundation. This is building your money machine, where we help you master your money, eliminate financial stress so you can live a life of choice. Because earning more doesn't make you free. A money machine does. And that freedom, it doesn't start with the next raise, the next paycheck, or the next client. It starts when your money starts working harder for you than you did for it. Think of this as financial education with a side of sarcasm and a whole lot of heart. And I'm your host, Mel Abraham. And after 30 plus years as a money mentor and entrepreneur and someone who's on the financial freedom journey, also, I've realized it's not the big spreadsheet in the corner office. It's not even bigger numbers. It's about bigger choices. So if you're ready to take hold of it and do the right thing with that 10k and set you on the path to financial freedom, grab your coffee and let's jump in.

So let's say you have $10,000 that landed in your hands for some reason, and, boom, you're going like, well, what do I do with it? Okay, this is exactly what happened with a client of mine that called me up and said, I finally got my first $10,000. What do I do with it? Where do I invest it? What do I need to get done? So here's the thing. I still remember when the first time was I saw five digits in my account, I thought, oh, man, I'm rich. Which was an adorable kind of thought. But I was not. I felt like I won the Super Bowl. But the reality was that wasn't the case. But what the $10,000 gave me and is giving my client wasn't stuff. It was giving them confidence, the proof that they could control their money instead of letting it control them. And so where we want to understand is that, well, what do we do with this? To not just let it go, but to parlay it into something that is more meaningful. And so before we start looking at it, and this is a conversation that I had with this client, is that before you start looking at your next hot stock or the crypto coin that your cousin says, oh, you got to buy and won't shut up about, let's. Let's pump the brakes. Because most people that finally save that first $10,000 immediately go to, all right, how do I double it? Okay, that's great. I get that attitude. But they start googling things like best investments, 20, 25, or worse. They ask social media. That's literally like walking in the gym and saying, what's the biggest weight I can lift? Before you learn proper form, if you don't have a financial foundation in place, you're not investing. You're gambling with good intentions. There is an order to this game, and when you skip it, you don't just lose money, you lose peace of mind. It's no different than a recipe. If you have the recipe, it tells you the kinds of ingredients you need, it tells you how much ingredients you need, and it tells you the order in which you put the ingredients in. And that matters. So before we chase returns with this $10,000, let's make sure that you've got an unshakable foundation. Okay, so the. The foundation of this is the wealth priority ladder, which we'll talk about, but I want you to have an unshakable foundation from which to invest from. So let's do some checks here first before we talk about how do you invest the $10,000? The foundation is based on two primary things. Destroying destructive debt that might be in your life and also at the same time, building a liquidity base. Now, destructive debt is that debt that you might be carrying on credit cards for consumables, for lifestyle for things that are stuff that aren't things that grow in value and, or provide cash flow. So I think that there's destructive debt and productive debt. Productive debt is something that's going to increase your wealth over time to produce a cash flow that allows you to live off that cash flow down the road. That's your money machine. Destructive debt is the stuff that we can't afford. So we put it on a payment plan, a buy now, pay later kind of perspective. It's the big screen TVs, it's lavish vacations, it's the cars that depreciate. But you finance it over seven years. The general rule is this, if the, the joy or the experience that you have is outlasted by the payment plan to pay it off, it's probably something that you shouldn't be putting on a credit card or financing. And so, so that's, that's the first piece. If you have debt, then we need to start to look at it through those eyes. And then we need to understand liquidity. See, wealth isn't about, about taking on risk. It's not built on risk, it's built on resilience. And when you have these two things nailed, the destructive debt and the liquidity, then you've earned the right to invest, in my opinion, to do it the right way to have it sustainable. And that's, that's what the wealth priority ladder is all about. It literally gives you the order to use your dollars, what you need to do. Now I'm going to walk you through the first few rungs of the wealth priority ladder here today and then we'll talk about the investing of the 10,000. Because I want you to, to have the right context in which to do it if you want to go deeper on the wealth priority ladder. It's in chapter 12 of my book. It's in my trainings, the Money machine blueprint. Get my training or get the book to go deeper. But this will give you a good, good primer for it as we go through it. So think about this. The wealth priority ladder is, is like building a house. You don't start with the rooftop jacuzzi, you start with the concrete. And your $10,000 that you have isn't the roof, it's the raw material. So let's pour the foundation first. Let's, let's figure this out. So step one in the wealth priority that we talk about is something that I call the comfort Fund. This isn't your emergency fund. This is the first goal I want you to have is to make sure that you have at least one month's expenses or fifteen hundred dollars, whichever is greater, in a high yield savings account. This is a break the glass kind of thing. So you don't have to go into debt if you happen to have to pay a medical deductible or the you get a flat T or a broken phone or a medical copay or something like that. This keeps you from swiping that high interest card, interest rate card faster or going into a buy now, regret later type of payment plan. Okay? So this is simply to give you oxygen, it's not to do anything else now. Fun stat. 44% of people say they can't cover $1,000 emergency. That's not a stat. That's a panic attack with a mailing address. That's the bottom line. So this fund buys you one thing, control. Okay? When you feel in control, you stop making decisions out of fear. You get the emotions out of it. So that's just the first step. Now we then move to the second step. And the second step is done in two sub steps, two steps together. Now a lot of people will tell you before you do anything, you have to be 100% out of debt. I don't buy it. I don't believe that. And this may be a hot take, but here's the challenge I have with it, is that the mindset and the muscle group, the habits you have around eliminating debt and debt management are different than the mindset and the habits you have around wealth creation. And the longer we wait to develop the habits of both by doing them in sequence instead of together, then we delay our development of our financial literacy and our wealth creation. That is like the guys that go in the gym, okay? And they only work their upper body. They don't work their lower body, which looks fine when they're clothed, but when they put shorts on, it's a horrible experience. Okay? So my, my point is that There's a step. Two is 2A and 2B where we are actually doing two things at the same time. Okay, I, I used to think about credit cards and everything as a strategy, but I don't think it's a strategy. It's sugarcoating debt. So the first step 2A is eliminating the destructive debt. Like I said, not all debt is bad. Destructive debt is like eating cake for breakfast. It feels good for a second and then your energy and everything tanks as long as, as well as your bank account. This is the thing that we need to understand. When you are in debt at 2025, 29%. You cannot get ahead, you cannot outpace that. Okay, so if you are carrying any kind of debt, that is destructive debt, meaning lifestyle debt. I'm not talking about the mortgage on the house. That is the cars that are financed over seven, eight years. It is the big screen TVs, it's lavish vacation, any kind of debt, high interest debt, something like that, that is destructive debt in our eyes. Then what we need to do is at this stage is make sure you are on a debt payment plan. Okay, you can pick your plan. It can be the debt avalanche. The debt avalanche focuses on getting paying off the highest interest rate debt first and then going down the pecking order based on interest rate. Or you can choose the debt snowball. The debt snowball knocks out the smallest balance first so you get some quick wins and then goes by the order of balance. The debt avalanche will actually get you out of will be the most economical. It'll reduce the interest you pay the most. But sometimes it doesn't get you the quick wins so you don't feel like you're getting ahead. So many people will opt for the debt snowball because you can get the quick wins, but you may end up paying a little more interest because you might not be paying off the highest interest rate first. But that's okay. I don't care which plan you choose. I care that you're on a plan and you stick with it. And if you want help with that, I have a debt breakthrough calculator that will help. It's totally free. You just go to melabraham.com no debt. And we'll hook it up for you here. You'll put your payments and you'll put your debt in and you can decide Avalanche or Snowball and how you want to pay it. And you can get it all paid off. Okay, because let's be honest, it's really hard to build wealth when Visa is still living rent free in your in your mailbox. We got to stop that. So that's the first piece of this. The second piece of this is we built a comfort fund, but now's the time to build that emergency fund or that peace of mind fund. An emergency fund is three to six months of your expenses. This is where we get that liquidity base. The peace of mind fund extends it to nine to 18 months. I like nine to 18 months from a peace of mind perspective because it gives me a lot more Runway to navigate. A loss of job, health considerations, things that can put us and displace us for A longer period of time. Okay. But we want to start with three to six months. Okay. And I know that's, that's the thing is that that three to six months may work, but in today's environment and job markets, it can, it can take a long time. So it might work for the broken washing machine, but it may not work with. When life kind of throws you a curve like it did with me. Okay. When I went through cancer, I literally could shut everything down and focus on healing. Why? Because my money machine was already working for me. This part of the fund buys you freedom from panic. It's not going to buy you freedom itself. It's there to protect your wealth, not to make you wealthy. Okay. These dollars aren't there to make you rich. So here's how you do this. These two steps are done at the same time, but they're not done at the same level. Here's. And you get to choose. Let's say you have an extra 5, extra $500 to put towards this, this step. The getting out of debt and building the peace of mind fund or the emergency fund. You might put $400 to getting out of debt and $100 towards the peace of mind fund or emergency fund. That's totally fine. You might split it equally. I'm okay with it. Now let's deal with the elephant in the room. Is that going to delay you getting out of debt? Absolutely it is. Because if I put $500 towards the debt and nothing towards my peace of mind, then I'm getting the debt paid off faster. Absolutely it would. But it's also delaying you from getting the right wealth creation habits and developing the muscles to continue to build wealth over that time. So I'd rather us take 400 to go to the debt, 100 to go to these wealth creation habits or 450. And 50. Whatever it is, I just want to make sure that we're doing things at the same time. So we're in the gym working the upper body and the lower body. And when we start to get that in place, now we can move to step three. Step three. We talk about this as the freedom. The Freedom Fund. This is where we start to invest and grow. Now we get to the fun stuff. This is the point where our money finally starts clocking in for you. Okay. Once the debt is under control. Now I'm not saying it has to be paid off, but we're on a plan. We see that it's being paid off. We have the peace of mind fund in place. It's moving. So now we can go from surviving to building. Here's the general rule. I want you to invest 20 to 25% of your income. Okay, I know that's a lot. You might be sitting back saying, I can't, I can barely do that. That's the target, that's the goal. So if you can only do 1%, start with 1%. If you can only do 10%, start with 10%, but get on the field. Because until we get on the field to build wealth, to build and invest and get our money working for us, we'll never find freedom. We have to be on the field now. If you're younger, you might get away with 15 to 20%. If you're older, you might be playing catch up. So you might be up at 25 or 30%. But the general rule, aim for 20 to 25%. All right, and I can hear now. Okay, Mel, so where do I invest it? What do I do? Let's talk about the accounts first and then we'll talk about the investments next. There is a pecking order and I break it down in my book and in my training because there are certain accounts I want you to put the money into first because they're more valuable. And what we're trying to do here is to maximize our investing. Okay, maximize our investing. And so the first account I want to look for is any places that I'm going to get free money or discounted money. What do you mean free money? Mal, I get it. Assume that you're working for a company where you have an employer that matches your 401k. If you put in $100 and they going to put they're going to match the hundred dollars, that second hundred dollars is free money. If I came into your home and said and dropped $100 bills, would you not pick them up? Yes. But in this case, what they're saying is you drop a hundred dollar bill, I'll put a $100 bill on top of it, and you can pick both up. So the very first thing to examine is to say, do I have access to free money in the form of some sort of employer match program? And if you do, that's the first place to put your money to make sure that you're getting that 100% return on the free money. Okay. Now there is discounted money in some cases, things like an employee stock purchase plan. Like my wife works for a publicly traded company and she gets awarded these options to buy stock at 10 to 15% off of the price. So now again, if we buy that and sell that, we made 10 or 15% immediately. So the first place I want you to look is do I have free money or do I have discounted money? And if you do, that's the first stopping point. And that's where you're going to invest first, the account. If you don't, then we're going to move to more tax advantaged accounts. Those tax advantage accounts include things like the Roth ira. This grows, you don't get a tax deduction, but it grows 100% tax free. Roth is one of my favorite four letter words. It is a powerful account, but it is so powerful the government one limits how much you can put into it, you know, per year. And if you make too much, you won't be eligible to do a direct Roth contribution. But if you are eligible to do it then, and you've taken care of the free or discounted money, the next account I want you to invest in is a Roth IRA type of an account. Okay. Then from there, from a tax advantage standpoint, you can look back at the 401k and look at how do I max that out after the match has already been taken care of. Okay, so that's the first two tax advantaged accounts you want to look at. The third tax advantaged account that you might look at here is an hsa, a health savings account. This is a triple tax advantaged account. It is like a stealth retirement account. In the background, you get a tax deduction for the money you put in. You then allow the money, invest the money and allow it to grow tax free. And if you take the money out to pay qualified medical expenses, it's 100% tax free. Now there are limitations here. You can't put.

As much as you want and there's limitations on how much you can put in each year. And it only is possible if you have a qualified high deductible health plan. So in my case, we don't use HSAs because of the past cancer and all of that type of stuff. But if it makes sense for you having an HSA with a high deductible plan, then you may look at that as a possibility going forward. And then once you've taken care of those two tranches of free and discounted money, tax advantaged accounts, then we'll start to look at traditional investing. This is more the regular brokerage accounts, your Vanguards, your swabs, your E trades, that kind of thing. And you'll be investing in low cost ETFs and index funds. We'll talk more about the stock specific investments in a moment here, but I want you to think simple, automated, boring, okay? Because boring builds. That's what happens. Okay? Now that's, that's the, the guts of where I want you to look right now there are more steps to the wealth priority ladder. Things like paying down your property and building affluence and, and funding colleges and they come higher up on the wealth priority ladder. But today I'm primarily focusing on getting the base strong enough to earn the right to invest and to in the investing game with that first $10,000. So that is a primer. Now how do you invest it? Let's say that you have the foundation. Let's say that you, you, you've got it built and you're good. So now we can look at it and say, okay, how do I take the 10,000, put it to work for me. See, most people, including myself, they overcomplicate investing. They chase the shiny objects, they, they try to time the market and they call it strategy. They listen to their neighbor, they watch some tik. They look at it and listen to the person that's watering the lawn and say, this is great. That's not strategy, that's financial improv. Okay, we're going to keep this simple. I'm going to show you three portfolios that will make wealth building automatic and simple. Okay? And the first one is this. It's called a two fund portfolio. It's simple, it's solid, it's easy. Okay? Basically you're going to get one US Total Market fund or S and P fund. And we're going to invest only in ETFs, low cost ETFs, and index funds. That means that you're going to get a diversified base of a bunch of stocks. We're not trying to stock pick, we're not doing individual stocks here, especially at the beginning. That's a risky play because you might hit a home run or you might strike out. And if you strike out, it could destroy your confidence, your, your momentum and your journey. And I don't want that to happen. I do individual stock trading, but I do that with a very narrow sliver of my portfolio. And even if it goes to zero, I will be upset. I'll eat a whole box of Kit Kats probably. But I will not destroy my, my wealth. And that's what I want, want to make sure you don't do. I do not want you to blow up your financial world. So we go with a two fund portfolio, which means that you're going to invest in probably some US based, broad based fund, a Total Stock Market fund, AN S&P 500 fund, ETF, low cost, low fee, and maybe one international total market fund. Okay, so the kinds of funds. Now I am not recommending these. I'm just giving you examples. So do not go out and say I told you to invest in these because I'm not, I'm telling you not to invest these. I'm telling you these are examples. And total transparency. I am invested in some of these. But US funds could be a vti, which is a Vanguard Total Stock Market etf, or it could be an swtsx, which is a Schwab Total Market Index. They track the whole stock market. The whole stock market, thousands of stocks. You could also invest in just the S&P 500 with a stock like Voo to do that. Then you'll take a portion of it and put it in global. Meaning now we get access to international, the uk, Germany and other things. And you can use a vx, US is the ticker symbol for the Vanguard Total International Stock ETF or IX, US is an iShares Total International Stock. Now the percentages that you put in this portfolio, they won't be equal. It's based on your risk profile, your risk tolerance, your risk capacity, risk need. But the majority of it will probably be invested in US based investments. And then the minority would be in global and then you'll have the cash on the side. Now why does this work? Because it's instant diversification across thousands of companies for pennies. It's like owning the world without paying property taxes. That's the bottom line. Now you might look at and say, well, what's the next step? Well, the next step could be a three fund portfolio. Now this is a classic portfolio. It adds a bond fund for stability. And I know bonds. People say, oh, they're trash. You're not going to make any money on it. This is, this is for stability and it may or may not be for you. It's up to you. And remember, it's not going to be a majority of the portfolio, maybe a narrow sliver of the portfolio. So you would go in and say, all right, I'm going to invest in U.S. stocks as a portion of the portfolio. I'm going to invest in international stocks as a, as a portion of the portfolio. Now when I say stocks, I mean ETF and index funds, not individual stocks. And then you're going to add in some element of bonds and you could go with BND which is the Vanguard Total Bond Market ETF or AGG, which is iShares Core Aggregate Bond US Bond Index. So you can do that. And now all of a sudden you have three components to the portfolio. Now this works because it's like the comfort food of investing. It's balanced, it's steady, it's, it's satisfying even when markets misbehave because you have the ballasting of the bonds there. You have the, the impact of International. Like the beginning of this year, International outperformed us. So you have, you are getting the play of, of all of that. Okay, then one step above that is the for fund portfolio. This is kind of the tweakers toolkit where you got to add in some other things. So what do you add in? You can add in a small cap or real estate ETF index fund for a touch more growth and something that may be contrary to what the market goes in the, in the form of real estate. So again, you'll have the core, which is the US based S& P or Total Stock Market. You'll have the International like we talked about. You'll have the bond. And then you'll add this optional thing like a real estate ETF or small cap value fund. It could be a VNQ in the form of real estate, or it could be a VBR in the form of a small cap value etf. I'm not recommending that. I just want you to be able to look at them so you understand what I'm talking about here. This is like kind of adding a little bit of hot sauce. It's not required. It gives you your returns a little bit of a kick, but it gives you a little more diversification. So when you're starting out, you have $10,000. This isn't about carving it up into 10 different funds and thinking that, okay, I'll have $1,000 here. At that point it slivers and you don't want to do it. So you're probably going to start out with two, three or four funds max. That's it. Okay? Keep it really easy. Keep it really simple to make it happen. Okay? The point isn't which ticker symbol to pick, it's that you actually have a system that works. Because a three fund investor with discipline beats a 30 fund investor with drama every single time. And the more boring your portfolio looks, the more exciting your bank account becomes. If you're brand new to this, then start simple. And you can start with a two, three or four fund portfolio, or you can even Simplify it more. You can even start with something called a target Date Index fund. This is like the autopilot mode for beginners. All you're going to do here is that you're going to allow them to pick the funds that you use. You're just picking the date that is closest to your retirement. So we're at 2025, let's say retirements in 40 years at 20. In 2065, you would look for a Vanguard or a Schwab or it doesn't matter who, a dated fund. That's a 2065 fund. And what's going to happen is they're going to, they're going to pick the funds to give diversification, but more aggressiveness at the beginning stages, like now. And as you get closer and closer to 2065, they'll make it more and more conservative for you and they'll make the adjustments to rebalance it on an ongoing basis. Okay, so if you really want simple, all you got to do is pick the date, pick the target date fund, and then start automatically investing there. So this is the way I would start with this. There is no reason to get complicated. There's no reason to stare at the screen and go, which stock, which thing? What's the next Amazon? No. Invest in the whole thing and allow it to grow. The market goes up 8 out of 10 years. Participate in that growth. Okay, now just a word of caution, fees matter. A 1% fee versus a point 0% fee may look small, but over 30 years it can be a six figure difference. So what you want to be careful about is when you look at these funds, I want low cost, low fee funds. So we have the majority of the returns, as much as possible, going into your pocket, into your future, to work for you instead of someone else. All right, now, before I close this thing out, I want to talk about five mistakes to avoid in this. Because these are classic money mistakes that keep people broke, anxious, or both. And I've seen it over and over and over again. So mistake number one, no patience. See, they plant a seed and they expect the forest to be there next Tuesday. This is like what I call the Beanstalk syndrome. You throw the beans out the window like Jack and the Beanstalk and you expect to wake up the next morning, it's fully grown. That's not the way this is. Wealth is a crock pot, not a microwave. Let it simmer. You're planting seeds. I've done other, other episodes where I talk about the wealth flatline and that, that portion, the beginning Portion where you feel like you're not making progress. You have to stay the course because you're compressing a spring, and all of a sudden you're. You will have exponential growth. But the only way to get there is to stay the course. You do the time and keep putting the dimes in. All right, mistake number two, delaying. I'll start. I hear this so much. I'll start when I have more money, okay? That's like saying I'll start working out when I'm in shape, okay? That's not the way it works. You start with what you've got. I don't care if it's $10, $50, $100. Progress beats perfection every day of the week. And the sooner you get in the game, the more time leverage you have, because time is your best leverage on wealth building. Okay? Mistake number three, emotional decisions. This is how I got caught in the Ponzi scheme, y'. All, okay? I got caught. Because of emotional decisions, the market dips. Suddenly everyone sells faster than Taylor Swift tickets, okay? Bottom line is they get panicked and.

They run for the hills. I did. I sat in an audience, listened to a guy. Before I understood what I'm teaching you, before I walked this path and really understood what I was doing. And he talked everything. Doomsday. I literally didn't even wait for him to finish his lecture. I got up, went out to the lobby, called my broker and said, put me in cash. I'm scared. I panicked. I let the emotions get ahold of me, and I sat on the sidelines for well over a decade, and it cost me dearly, okay? But the wealthy don't panic. They plan. They have a plan in place. It is tested. When we do the money machine master plans for our clients, the dynamically tested plan, the scenario tested plan, we stress test it a lot of different ways so they know when the market goes, what's going to happen. And they're still on plan to build the machine the way they want to because they understand and they allow the emotions to be put aside and they focus on the plan. Mistake number four, following memes and fads. Yo, if you're. If your portfolio is an adrenaline rush, you're doing something wrong. If you want an adrenaline rush, don't do it with your investments. Go get a roller coaster ride, okay? It should not be inspired by some TikTok trend that's not investing, okay? You want to follow a proven system that has been through up markets, down markets, sideways markets, not something that is driven by some meme or Social media talk or anything like that. And that leads me to mistake number five, not following a proven system. Random investing is a quilt work of gambling, okay? Following something like the wealth priority ladder and the money machine blueprint, that will build freedom on purpose. I'm telling you, you want to make sure that you follow a system, a system that has worked in up markets, down markets, sideways markets. If you have a system, great. That does that, great. If you don't, and you need one, follow mine. Okay? But follow a system that's proven. Don't try to be a maverick and create your own. Why not do something that has already been proven so you don't have to pay the price? Listen, I lost one third of my net worth in that Ponzi scheme. I paid the price so you don't have to. All right? All right. So I hope that this helps give you perspective on the 10,000. And remember, if you have debts and debts are holding you back right now and keeping you from getting started, grab the debt breakthrough calculator@melabraham.com forward slash, no debt. It's free, it's fast. It's going to help you clear the Runway so your money machine can finally take off. It's going to give you what you need. So your first $10,000. It isn't just about money. It's about momentum. It's proof that you can take control. It's proof that you can follow a process. It's proof that you have the ability to start separating your earnings from the efforts to earn it. It's the first real step towards a life of choice, not chance. Okay? Because earning more doesn't make you free. The money machine does. And that first $10,000 is one of the most important steps in the process to making it happen. All right? I hope that you found this valuable. I hope that you. You see the power of that first $10,000. Maybe it doesn't give you financial freedom, but it gives you the stepping stone and the pieces to do the right thing with it, to give you that path to financial freedom. And when you follow things like the wealth party ladder and the elements of the Money Machine blueprint. You got it all dialed in. All right. I hope that you'll do this. Tell me where you are on this journey. Tell me what you're doing on this journey. Let me know if you have any questions. I'm here for you. You don't have to do this siloed or isolated. That's why I have this channel. That's why I do the things I do. So make sure that you've subscribed at the same time so you get notifications every time one of these come out. And in the meantime, stay the course, stay in the game, and keep your eye on the vision for your life. And until I get a chance to see you on the road as I'm out there speaking or on your path to financial freedom, as I always say, always, always strive to live a life that outlives you. See you in the next one. Thank you for listening to the Affluent Entrepreneurship with me, your host, Mel Abraham. If you want to achieve financial liberation to create an affluent lifestyle, join me in the Affluent Entrepreneur Facebook group now by going to melabraham.com group and I'll see you.

And that's it for this episode of Building your Money Machine where we help you learn how to master your money, eliminate financial stress, and live a life of choice. If you found this valuable or helpful to you, here's what I'd love for you to do. If you do me a favor, go to Apple, Apple Podcast, or wherever you're listening to this podcast and rate and review the show. It helps us tremendously to get keep us at the top of the list so we can continue to get this information and this message out to people. Because I truly believe that financial freedom is your birthright and I want to help each and every one of you claim it. Thanks so much.