Welcome back to the Building Your Money Machine Show! In this episode, I’m pulling back the curtain on one of the most popular and controversial trends in personal finance today: the FIRE movement — Financial Independence, Retire Early. After more than 30 years as a CPA, entrepreneur, and financial educator, I've witnessed countless people chase the dream of early retirement, only to find themselves back at work faster than a market crash.Today, I'm digging into the 8 biggest problems with FIRE that no one’s really talking about. If you’ve ever thought about retiring early, or you’re already hustling toward financial independence, this episode will help you rethink your strategy so you don’t sacrifice the best years of your life for a number on a spreadsheet. I’m sharing real stories, personal experiences, and the specific pitfalls that can turn FIRE from financial independence into a life of frugality, stress, and missed opportunities.Plus, I’ll be walking you through my lifestyle cost calculator—yours for free—so you can finally figure out what your freedom actually costs (hint: not the number you see on Instagram).IN TODAY'S EPISODE, I DISCUSS:Why the extreme savings rates in FIRE are like financial crash dietingWow chasing an early retirement number can actually train you to avoid joy in lifeOver-reliance on the 4% rule and market performanceWhat really happens when your career suddenly stopsWhy FIRE isn’t equally accessible to everyone,What most FIRE advocates ignore about medical costsMy four-step roadmap to financial independenceRECOMMENDED EPISODES FOR YOUIf you liked this episode, click here to enjoy these and more:https://melabraham.com/show/If You Don't Understand Bonds, You Don't Understand Money7 Things I Wish I Knew Before I Retired8 Signs You're NOT Ready For The Upcoming Recession40 Harsh Truths I Wish I Knew in My 40sHow to Build Your Financial Freedom Engine (Step-by-Step)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:If You Don't Understand Bonds, You Don't Understand Money: https://youtu.be/7d9Lz0D0uzA7 Things I Wish I Knew Before I Retired: https://youtu.be/t5DL9bZYRiw8 Signs You're NOT Ready For The Upcoming Recession: https://youtu.be/Spnhr_Ecd0s40 Harsh Truths I Wish I Knew in My 40s: https://youtu.be/RUIh5osQigoORDER 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 http://www.YourFinancialFreedomQuiz.com

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