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Major Money Milestones To Achieve in Your 40s

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Synopsis

Welcome to another crucial episode of the Building Your Money Machine Show. Today, I’m exploring major money milestones you need to hit in your 40s, but don’t worry if you’re in your 20s or 30s — these strategies will propel you towards financial security no matter your age. Whether you’re feeling behind or just looking to ensure a prosperous future, this episode is your guide to building wealth and prioritizing financial freedom.Reflecting on my own journey, I’m sharing the 11 money milestones I would tell my 40-year-old self, encompassing actions from automating your wealth-building behaviors to maxing out tax-advantaged accounts like 401(k)s and Roth IRAs. We'll dive into owning more assets than liabilities, developing multiple streams of income, and crafting a straightforward investment strategy.I emphasize the significance of prioritizing future security over present-day indulgences, the necessity of understanding risk and reward, and how crucial it is to not walk this journey alone. From enhancing