The Product Boss: Business Coaching for Product-Based Female Entrepreneurs 708. How to Build Your Money Machine: The Five Incomes to Financial Freedom with Mel Abraham
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Jul 14, 2025 
Financial expert Mel Abraham shares insights on building wealth through multiple income streams. He introduces his Five Incomes Model, challenging common misconceptions about creating financial freedom. Mel emphasizes aligning finances with personal values for greater life satisfaction. The discussion highlights the psychological barriers to wealth-building and encourages viewing money as a tool for growth, not a source of anxiety. Listeners gain practical strategies for financial independence and can access a free resource for creative income ideas.
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A Son's Drawing Sparks Change
- Mel Abraham shares a personal story of his son drawing him working while overwhelmed, sparking his realization to separate earnings from effort.
- This led to his obsession with building a money machine for financial freedom and choice.
Two Essential Money Journeys
- The traditional focus on earning money alone is flawed and won't guarantee financial freedom.
- True freedom comes from combining an earnings journey with a money journey that builds leveraged income streams.
Build Five Income Levels
- Build your income in five levels from active income to portfolio income, aiming for 80% of income from the top three for leverage.
- Design your machine around your lifestyle preferences, not a fixed order; use business income to fuel asset and residual incomes.
