9 Bad Money Habits That Are Keeping You Broke

Welcome back to the Building Your Money Machine Show! In this episode, I’m pulling back the curtain on the nine sneaky money habits that are secretly keeping you broke, even when it feels like you’re doing everything “right.” Look, I’m not here to roast you for buying avocado toast (heck, I love it too). I’m talking about the smart-sounding habits your parents would have applauded, but that are quietly sabotaging your wealth. With 30+ years as a CPA, entrepreneur, and someone who’s built and rebuilt wealth from scratch, I’ve seen exactly where well-meaning people go wrong. This episode isn’t about cutting lattes or living in deprivation; it’s about calling out those comfortable habits masquerading as financial wisdom. Ready to bust through the myths, stop wasting time, and finally build real freedom? Let’s get into it, the real talk (and a little tough love) you need to finally break free. IN TODAY’S EPISODE, I BREAK DOWN: Why saving money in the wrong place keeps you poor (and what to do instead) The trap of paying off all your debt before investing and how it halts wealth creation How “budgeting” might actually be building a spending prison, not a financial future The hidden cost of playing it safe with your investments (spoiler: fear loves to wear a responsible mask) Why waiting until you “have enough” to invest is killing your wealth before it even starts Get ready for a dose of truth & action because earning more doesn’t make you free, but building your money machine does. Tune in now to change the habits that are changing your life, whether you see them or not! RECOMMENDED EPISODES FOR YOU If you liked this episode, click here to enjoy these and more: When Does Investment Income Finally Beat Your Day Job I'm Politely Begging You To Get Good with Money Every Financial Trap Middle Class People Fall Into Explained Rich People Don’t Buy Luxury...They Buy These 8 Things Psychology of Families Who Stay Rich For Generations RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones: When Does Investment Income Finally Beat Your Day Job: I'm Politely Begging You To Get Good with Money: Every Financial Trap Middle Class People Fall Into Explained: Rich People Don’t Buy Luxury...They Buy These 8 Things: Psychology of Families Who Stay Rich For Generations: 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

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9 Bad Money Habits That Are Keeping You Broke is an episode from The Entrepreneur's Solution: Business Tips | Wealth | Lifestyle | Entrepreneur | Success by Mel H Abraham, CPA, CVA, ASA.

This episode is 31:40 long.

This episode was published on Apr 23, 2026.

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