Never Make These 12 Mistakes if You Want to Retire

Building Your Money Machine

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5d ago 33:01

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Welcome to another powerful episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on why so many hardworking people spend 40 years saving faithfully, only to find themselves broke or stressed out in retirement. Let me assure you—it’s not because you didn’t work hard enough. It’s because you might have fallen for certain myths or made some silent mistakes you didn’t even know were happening.

In this episode, we’re tackling the three biggest retirement myths that can derail your future and walking through 12 critical mistakes that could quietly sabotage your freedom. More importantly, I’ll show you exactly how to avoid them so you can finally live the retirement you’ve been dreaming about.

Here’s the truth: earning more doesn’t make you free. Building a money machine—where your money works harder for you than you did for it—does. And retirement is not the finish line, it’s the starting line for a life of choice and meaning.

Drawing from my own journey, I share why chasing some “magic million dollar” number can be a mirage, why you can’t count on Social Security to save your retirement, and why building a plan centered around YOUR desired life—not someone else’s number—is the only way to create real financial freedom.

IN TODAY’S EPISODE, I DISCUSS:

The 3 most pervasive retirement myths—and how they keep you stuck
Why your “magic number” needs to be based on your lifestyle, not generic rules
How over-relying on Social Security puts your dreams at risk
What retirement really means (hint: it’s not about income, it’s about choice!)
12 crucial mistakes that can ruin your retirement

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The Real Cost of Pretending to be Rich: https://youtu.be/D8DgveoFPEM
Why Buying a Home is NOT the American Dream: https://youtu.be/ERxc8qmfjlA
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What Everyone Gets Wrong About FIRE: https://youtu.be/OyvPksxNMqo

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461 episodes