What Net Worth Puts You in the Upper, Middle & Lower Class?

Building Your Money Machine

Welcome to the Building Your Money Machine Show! Have you ever wondered where you truly stand financially? In today's episode, we're breaking down the truth behind net worth and what it actually means. No matter where you are financially—whether in the upper, middle, or lower class—this episode is about gaining clarity and understanding what you need to do to move forward.

I delve into what net worth is, how to calculate it, and what the statistics say about different financial classes. More importantly, we discuss how to use this knowledge as a too, not a judgment, to understand your financial health.

No matter where you're starting from, it's all about being in the game and taking the steps to move forward. From tracking your spending to building a comfort fund and investing regularly, I've outlined actionable steps to help you gain control over your financial future.

IN TODAY’S EPISODE, I DISCUSS:

• What net worth is and how to calculate it
• The different financial classes based on net worth
• Why your starting point doesn't define your financial future
• Actionable steps to build your net worth

RECOMMENDED EPISODES FOR YOU

If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/

• Six Ways Financial Institutions Take Advantage of You
• Ten Tiny Habits That Build Real Wealth (REALISTIC)
• Why A Million Dollars Doesn't Make You Rich
• The F.U.N.D. Method For Building & Managing Your Emergency Fund
• Why Smart People Are Not Always Rich
• Why The F.I.R.E Movement Is A Pipe-dream
• How To Budget And Safe Without Feeling Trapped

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

• Six Ways Financial Institutions Take Advantage of You: https://youtu.be/6lnMzHkka6s
• Ten Tiny Habits That Build Real Wealth (REALISTIC): https://youtu.be/U2xunyOe-tg
• Why A Million Dollars Doesn't Make You Rich: https://youtu.be/S1Wn2n5jIo0
• The F.U.N.D. Method For Building & Managing Your Emergency Fund: https://youtu.be/oWFGkpLySag
• Why Smart People Are Not Always Rich: https://youtu.be/KknyOr-IU8A
• Why The F.I.R.E Movement Is A Pipe-dream: https://youtu.be/ynXhohQvMYk

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1. Exploring financial status and understanding net worth. (00:00:00)

2. Understanding net worth helps navigate economic class. (00:03:31)

3. Create a comfort fund for financial stability. (00:08:46)

4. Focus on skill development to increase earnings. (00:10:25)

5. True wealth: Freedom and emergency fund security. (00:13:38)

6. Start investing with $5 to build wealth. (00:18:35)

7. Skill up to become invaluable and gain security. (00:21:44)