Why Having Money Is Better Than Spending Money

Welcome to another impactful episode of the Building Your Money Machine Show! Today, we’re tackling an issue that hits home for many of us: Why having money is better than spending it.

Have you ever felt the stress of living paycheck to paycheck or regretted an impulse buy? Or maybe you're wondering why financial freedom feels so unattainable? This episode is for you. I dive deep into why the real joy lies in having money, not just spending it, and how making a few simple shifts can set you on a path to financial security.

Did you know that 61% of people are living paycheck to paycheck? It doesn’t have to be that way. We’ll examine practical steps like starting small, automating your savings, cutting unnecessary expenses, and investing wisely to help you build your financial foundation.

Picture this: What if you had money saved up for emergencies or to jump on a fabulous opportunity without going into debt? I share real-life scenarios on how financial security can impact your life, from negotiating better deals to reducing financial stress. A recent study even shows that having just $10,000 in savings can cut your financial stress by 37%! We also touch on the power of having the right mindset; think of money as your paintbrush to design the life you want.

IN TODAY’S EPISODE, I DISCUSS:

• The emotional and psychological pitfalls of impulse spending
• Why having money leads to more lasting joy and financial freedom
• Practical steps to control spending
• How to invest wisely to build long-term wealth
• The crucial mindset shifts necessary for financial success

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If you liked this episode, click here to enjoy these and more:
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• If You Can Spare 15 Mins, You'll Get 20 Years of Your Life Back
• Why We Can't Save Money – And How to Fix It
• 9 Financial Habits Holding You Back In Your 40s
• The Real Reason Why You Feel Behind Financially
• How to Stay Ahead as the Middle Class Shrinks

RECOMMENDED VIDEOS FOR YOU
 
If you liked this video, you'll love these ones:

• If You Can Spare 15 Mins, You'll Get 20 Years of Your Life Back: https://youtu.be/gU31MwejdGI
• Why We Can't Save Money – And How to Fix It: https://youtu.be/fpp3jEI0i20
• 9 Financial Habits Holding You Back In Your 40s: https://youtu.be/RBeCEuEDNV8
• The Real Reason Why You Feel Behind Financially: https://youtu.be/sKEzMGS_S-U

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