Episode 498: How to Prepare for Economy Cycles that will Save Your Business Money with Mel Abraham

Today I have something different for you called "Financial Fridays", which is a brand-new segment of #BizTipFriday! Who better to kick things off for this segment than our friend and frequent guest of the show, Mel Abraham? Mel is always so willing to share his expertise and knowledge around all things financial, and in this episode, you're going to not only hear about the state of affairs at this very moment as it pertains to finances, but also the tremendous opportunities that exist for entrepreneurs and investors alike!

If this episode inspired you in some way, take a screenshot of you listening on your device and post it to your Instagram Stories, and tag us, @jameswedmore and @melabraham9.

Having Mel as one of my closest friends has absolutely changed my life because of what he has personally shared with me about simple wealth principles that can change everything…and now it's your turn! If you're an entrepreneur looking for more freedom, then you absolutely need to attend Mel's free once-a-year training that is happening right now, so head on over to www.jameswedmore.com/mel to get registered, and below are some details to give you an idea of some of the key dates and incredible value you will get from Mel's training:

August 31, 2023 - The Affluent Entrepreneur LIVE - Training #1 - THE AFFLUENCE JOURNEY. This first training makes the case for building a MONEY MACHINE and the things that hold you back. You will walk away understanding the 4 stages of the Affluence Journey, where you fit in the journey as well as what it takes to move to the 4th stage of AFFLUENCE. You will also understand and work through the 4 types of money stories and scripts that have limited your wealth and how to conquer them. And with the money stories conquered we will give them the 3 pillars that all AFFLUENT ENTREPRENEURS have in place to give you a RICHER LIFESTYLE, DEEPER IMPACT and COMPLETE FREEDOM.

September 5, 2023 - The Affluent Entrepreneur LIVE - Training #2 - THE 5 WEALTH PRINCIPLES EVERY AFFLUENT ENTREPRENEUR NEEDS and YOUR LIFESTYLE WEALTH TARGET.

Now that they have a foundation for becoming an AFFLUENT ENTREPRENEUR, in this session, they will understand the 5 core wealth principles that are universal patterns of behavior that will drive their wealth and financial independence. You'll understand the FIVE INCOMES that are used to create financial freedom. You'll set your lifestyle wealth target so you know what your ultimate goal is. With this you can set the right plan and strategy to get you there.

September 7, 2023 - The Affluent Entrepreneur LIVE - Training #3 - THE 9 ACCELERATORS OF THE AFFLUENCE BLUEPRINT.

In this session, you'll go deeper into THE AFFLUENCE BLUEPRINT™ process by understanding the 9 ACCELERATORS OF THE AFFLUENCE BLUEPRINT and know exactly where you are on each accelerator so you know specifically where you need to work to move you forward. You'll understand the ONE big mistake that most people and especially TREADMILL ENTREPRENEURS make that puts their whole financial existence at risk. Then you'll understand the 4 journeys you can be on financially and the path to define your journey on your own terms.

In this episode you'll hear:

• Mel shares some alarming stats around the state of business today
• Why it's crucial that we don't forget the role that entrepreneurs have played throughout history
• A quick overview of inflation and how it affects the economy
• Mel's take on whether the stock market corrections that are coming are transient or long-term
• The impact that soaring real estate prices are having on the economy
• How to begin to recognize the cycles that all markets go through
• Why he stresses the need for everyone to prepare financially
• Both of our predictions for what will happen in the near future
• His advice for what businesses must focus on moving forward

For full show notes and links, visit: https://www.mindyourbusinesspodcast.com/blog/498