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How Much Money Do You Actually Need to Be Rich in 2026

How Much Money Do You Actually Need to Be Rich in 2026

Episode 394 Published 14 hours ago
Description

Welcome to another transformative episode of the Building Your Money Machine Show. In today’s solo conversation, I’m challenging what it really means to be “rich” in America — and why chasing after the top 1% might not bring you the fulfillment you’re hoping for. If you’ve ever wondered how much money you actually need to feel wealthy, safe, and free in 2026 (and beyond!), this episode is for you.

After 30+ years as a CPA, entrepreneur, and money mentor — and learning plenty of my own tough lessons along the way — I’ve seen firsthand how chasing financial trophies doesn’t pay for peace of mind. This episode is not about flexing or comparing income brackets, but about creating a money machine that funds your chosen life.

I’ll walk you through the real wealth tiers in America, what they require, and what it actually feels like at each level. We'll dig into the hard truths about income versus net worth, why high earnings don’t guarantee wealth, and the psychology behind our money decisions.

IN TODAY’S EPISODE, I DISCUSS:

  • The difference between income, wealth, and “richness”
  • The psychological and behavioral shifts at every wealth tier,
  • Why income without margin, systems, or structure turns into obligation and burnout rather than freedom
  • How to build a peace-of-mind fund
  • The importance of designing your version of “rich” — and how to use tools like my free Lifestyle Cost Calculator
  • Why wealth should be measured in time and freedom, not dollars or status
  • The power of building a money machine that makes work optional, so you can live life by choice, not by demand

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