1. EachPod

How High Earners Invest

Author
Mel H Abraham, CPA, CVA, ASA
Published
Thu 22 Feb 2024
Episode Link
None

Are you at a crossroads trying to figure out how high earners actually manage their investments? There's a whole lot more than just raking in the cash; it's about planting it smartly!

In this thought-provoking episode, I unravel the wisdom and strategies behind how high earners channel their finances into avenues that accelerate wealth. I will guide you through the principles of the "wealth priority ladder," where every dollar is earmarked for prosperity. You'll find out why some high earners are still caught in the paycheck-to-paycheck snare and how to sidestep that trap by smart management of both your earnings and outgoings.

Ready to revolutionize your approach to financial security and pave the path to true financial freedom? Plunge into the full podcast now!

IN TODAY’S EPISODE, I DISCUSS:

  1. Creating a cushion with a 'comfort fund' to cover unexpected expenses
  2. The critical steps to eliminate 'destructive' debt and balance it with wealth creation
  3. Designing a 'peace of mind fund' tailored for entrepreneurs and main income earners
  4. Investing strategies for high earners including maxing out 401(k)s, understanding Roth IRAs, and utilizing the mega backdoor Roth
  5. Taking advantage of tax-advantaged accounts before moving to regular brokerage accounts


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OTHER RESOURCES:

7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com

Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/


CONNECT WITH ME:

Website: MelAbraham.com

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