About this episode
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 runHow the wealthy avoid “home ego” spending and live within their meansThe dangers of chasing status and loud debt instead of quiet wealthWhy luxury transport are often chains, not freedomThe real odds behind lottery tickets and gamblingHow to avoid financial penalties and banking fees that erode your wealthRECOMMENDED EPISODES FOR YOUIf 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 WealthyWealth Explodes after $100K But Only If You Avoid These Traps!ACCOUNTANT EXPLAINS: Every Level of Wealth in X minsNever Make These 12 Mistakes if You Want to RetireRECOMMENDED 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/scFXprf7q6M10 Signs Someone is Secretly Wealthy: https://youtu.be/6Q6boC1l77EWealth Explodes after $100K But Only If You Avoid These Traps!: https://youtu.be/52zuVc9MRpAACCOUNTANT EXPLAINS: Every Level of Wealth in X mins: https://youtu.be/YAxSPE_4FfYORDER MY NEW USA TODAY BESTSELLING BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For Yo
