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Sinopse

Welcome to another enlightening episode of the Building Your Money Machine Show. Today, we're going to explore the six essential assets you should own by your 40s to set yourself up for financial success — and trust me, these insights are game-changers.In this episode, we'll start with the foundation of any robust financial portfolio — cash and liquidity. Having a "peace of mind fund" that covers 9-18 months of expenses is crucial. We'll debunk the myth that "cash is trash" and explain how to smartly manage your liquid assets through high-yield savings accounts or money market accounts.Next, we'll delve into diversified ETFs and index funds. These investments offer a balanced mix of safety and growth, reducing risk by spreading your money across a broad range of stocks. They’re liquid, historically reliable, and require minimal initial investment.If you're in your 40s, this is your "millionaires decade," a pivotal period where strategic financial decision