Your Business Isn’t Your Wealth Machine with Mel Abraham
Jun 11, 2024
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Entrepreneur and financial expert Mel Abraham discusses building a wealth machine outside of your business, common money stressors, the 5 types of income, and the importance of wealth creation habits. Learn how to achieve financial freedom and leave a lasting legacy with consistent actions and smart financial decisions.
Building a wealth machine outside of the business is crucial for financial stability and future planning.
Reshaping money mindsets and understanding various income types are essential for long-term financial success.
Deep dives
Building a Better Earnings Machine
Understanding the need to build an earnings machine attached to a wealth machine for financial stability is crucial. By comprehending the distinction between revenue inside the business and personal paycheck earnings, individuals can plan to secure their financial future and grow wealth beyond business revenue.
Holistic Financial Guidance from Mel Abraham
Mel Abraham, with experience in guiding entrepreneurs on building businesses and wealth, emphasizes impacting lives beyond serving individuals and focuses on creating a fulfilling financial life. His approach illustrates the importance of nurturing unique gifts and leaving a positive legacy.
Financial Stress and Money Mindset
Addressing financial stress prevalent in society, Mel highlights the impact of money-related anxiety and the need for open conversations to improve financial wellness. Analyzing ingrained money lessons and societal pressures, Mel advocates for reshaping money mindsets to achieve overall well-being.
Growth Strategies for Wealth Creation
Highlighting the journey from active income to wealth-building assets, Mel outlines a systematic approach to create a money machine for financial independence and stability. By leveraging varied income types and prioritizing investments, individuals can pave the way for long-term financial success.
I remember starting my first business and feeling like everything was on my shoulders. Retirement, insurance, writing myself a paycheck (when I could)... I kept wondering how everyone else was doing it! Because $5,000 in revenue was not $5,000 in the bank. But what I didn’t understand was the difference between a money machine and a wealth machine. And this difference saved my business – and my retirement.
So if you want to start building your wealth outside of your business, don’t miss this exclusive interview with the one and only Mel Abraham, a CPA and entrepreneur with decades of experience. Listen in and discover how to build your business and your wealth in a way YOU love, the most common stressors with money and how to break free, how to build a money machine AND a wealth machine, and the 5 types of income and how you can tap into more without working harder. If you’ve been following me for a while, you know Mel is the one who helped me transform my income from $40k in debt to where I am today. And as Mel says, “Wealth creation is a muscle group.”
Start building the habits and behaviors to grow your own wealth creating muscles so you can reach your income goals so much faster (and with way fewer headaches).
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Get the Most Transformational Money & Wealth Book of Our Time from Mel Abraham - https://yourmoneymachinebook.com and use code "Brandon" to redeem some bonuses!
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