

Building Your Money Machine
Mel H Abraham, CPA, CVA, ASA
Welcome to 'Building Your Money Machine, hosted by Mel Abraham, CPA, a renowned financial expert and author of USA Today Bestseller, 'Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!.' On this podcast, Mel shares his insights and experiences from over 30 years in the field of wealth-building, entrepreneurship and mentorship to financial freedom. Each episode provides actionable strategies to master your money, remove financial stress, and live a life by choice, not chance. Whether you work for a company, are a seasoned entrepreneur or someone just starting out on your financial journey, this podcast offers the tools, actionable frameworks and knowledge you need to create your own money machine and secure your financial future. Tune in weekly for expert advice, inspiring guest interviews, and the practical wisdom that will help you take control of your financial destiny. Subscribe now and start building the life you’ve always dreamed of.
Episodes
Mentioned books

4 snips
Aug 5, 2024 • 29min
Financial Armageddon is coming. Here's how you prepare...
Are you worried about financial Armageddon and how to protect yourself? Don't panic, I'm here to help you prepare!In today's episode, I share my thoughts on the current state of the economy and what it means for your financial future. I break down the factors contributing to economic uncertainty, from high debt levels to market volatility. But more importantly, I provide actionable strategies to help you weather any storm and come out on top. From building your financial literacy to managing debt and investing wisely, I cover it all.Want to take control of your financial destiny, no matter what the future holds? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - The importance of financial literacy in navigating uncertain times- Why liquidity matters for both safety and opportunity- How to manage debt wisely and avoid destructive debtRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Are You Really Living a Rich Life or a Bankrupt One?A New Path to Conversation, Connection & Conversion with Natasha WillisFulfillment & Wealth Through a Personal Brand with Rory VadenBuild Wealth & Live a Rich Life at Any Age (My son's journey)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Are You Really Living a Rich Life or a Bankrupt One?: https://youtu.be/yrredqHf09sA New Path to Conversation, Connection & Conversion with Natasha Willis: https://youtu.be/u0GEulUo4TkFulfillment & Wealth Through a Personal Brand with Rory Vaden: https://youtu.be/uJAee2sVqcoBuild Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbMORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Aug 1, 2024 • 20min
You can build wealth even if you're in debt... here's how
Are you wondering if you should start building wealth even if you're in debt? You're not alone! It's a common question with a not-so-simple answer.In today's episode, I dive into the complexities of managing debt while investing for your future. I explore the two personality traits of all debt, the importance of having a debt payment plan, and why building wealth is as much a psychological game as it is a financial one. I also introduce the wealth creation curve and explain why starting to invest early, even with debt, can be beneficial in the long run.Ready to take control of your debt and start building wealth simultaneously? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: The two personality traits of all debt and how they impact your finances and mindsetThe importance of having a debt payment plan in place before investingIntroducing the wealth creation curve and the significance of the "wealth flatline" phaseRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:The 25 Top Money Books I've Read (What I Learned)Traditional Financial Advice Doesn't Work for EntrepreneursBuild Wealth & Live a Rich Life at Any Age (My so n's journey)How to Do Money Right As a Family RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Jul 29, 2024 • 27min
For Those Who Are Obsessed With Getting Rich
Explore what it truly means to achieve financial freedom beyond just making money. Discover how mindset and self-belief are pivotal in creating wealth. Learn to prioritize genuine financial health instead of misleading appearances shaped by social media. Uncover the importance of redefining richness through personal choices and experiences. Plus, find practical strategies for investing in yourself and navigating common financial pitfalls to build lasting wealth.

Jul 25, 2024 • 29min
Buy THIS To Become Rich in Your 20s (and beyond)
Want to know the secrets to becoming rich in your 20s and beyond? It's not just about working hard; it's about making smart investments and life choices that set you up for financial liberation.In today’s episode, I dive deep into the eight critical investments I would make if I could go back to my twenties. From maximizing your 401K match to the power of mentorship, I share strategies that can multiply your money and build wealth. I discuss the importance of investing early, living within your means, and creating memories over accumulating stuff. Whether you’re in your twenties or sixties, these insights are designed to help you achieve a richer, more fulfilling lifestyle.Ready to accelerate your path to financial freedom and live a richer life? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - Maximizing your 401K match to leverage free money and compounding growth- The importance of mentorship and networking for personal and professional growth-Why investing in experiences and wellness can lead to a more fulfilling lifeRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:The 25 Top Money Books I've Read (What I Learned)Traditional Financial Advice Doesn't Work for EntrepreneursBuild Wealth & Live a Rich Life at Any Age (My so n's journey)How to Do Money Right As a Family RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4 Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4 Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Jul 22, 2024 • 23min
Is it too Late for You to Get Rich?
Ever wondered if it's too late for you to achieve financial freedom and get rich? I've got you covered in today’s episode!Join me as I dispel the myth that it’s too late to build wealth. I share insights on how to get started no matter your age or stage in life. From the importance of running your own race to practical steps in investing and wealth creation, I walk you through the essential pillars that can help you build a fulfilling and financially free life.If you’re ready to take control of your financial future and get in the game, this episode is a must-listen!IN TODAY’S EPISODE, I DISCUSS: - Dealing with the feeling of being too late to build wealth- The significance of avoiding comparison and setting your own dreams- The importance of patience and understanding the wealth creation curveRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:How to Get the Right CPA & Why It Matters7 Money Excuses That'll Keep You Broke!Your Financial Advisor May Not Be Telling You the Truth!Traditional Financial Advice Doesn't Work for Entrepreneurs RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk 7 Money Excuses That'll Keep You Broke!: https://youtu.be/dMyNonXrxVE Your Financial Advisor May Not Be Telling You the Truth!:https://youtu.be/1FDZfejefQ8 Traditional Financial Advice Doesn't Work for Entrepreneurs: https://youtu.be/Rz3gSOxSeWQ ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Jul 18, 2024 • 22min
Investing Should Not Be Fun... Here's Why
Learn about the dangers of emotional investing and the differences between investing and gambling. Discover the importance of patience and long-term growth in investments, diversification strategies, and systematic decision-making for financial success.

Jul 15, 2024 • 22min
401k Mistakes You Didn't Know You Were Making
Ever wondered if you're making some major mistakes with your 401(k)? You could be losing out on free money or taking on dangerous risks without even knowing it!In today's episode, I dive into the top five mistakes people make with their 401(k) plans and how to steer clear of them. I discuss the importance of participation, the perils of being over-focused on company stock, and ensuring your portfolio is structured just right. From avoiding loans to understanding the severe consequences of early withdrawals, I lay it all out to help you maximize your retirement savings and set you on the path to financial freedom.Want to make sure you're getting the most out of your 401(k) and securing your financial future? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - The critical mistake of not participating in your 401(k) and how to fix it- The risks of over-concentrating in company stock and why diversification is key- Ensuring your portfolio evolves with you and maintaining the right balance of riskRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:How to Get the Right CPA & Why It Matters7 Money Excuses That'll Keep You Broke!Your Financial Advisor May Not Be Telling You the Truth!Traditional Financial Advice Doesn't Work for Entrepreneurs RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk 7 Money Excuses That'll Keep You Broke!: https://youtu.be/dMyNonXrxVE Your Financial Advisor May Not Be Telling You the Truth!:https://youtu.be/1FDZfejefQ8 Traditional Financial Advice Doesn't Work for Entrepreneurs: https://youtu.be/Rz3gSOxSeWQ ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

Jul 11, 2024 • 27min
5 Things You Should Quit To Simplify Your Finances
Are you ready to simplify your financial journey and remove the complexities that hinder your path to financial freedom?In today’s episode, I break down five key things you should quit to simplify your finances and achieve consistent wealth building. I dive deep into the pitfalls of meme, trend, and fad investing, and why emotional, speculative decisions can lead to financial ruin. I also discuss the importance of automating your bill payments and investments, thinking long-term, and focusing on what truly matters in life.Ready to streamline your financial strategy and build wealth with intention and simplicity? Tune in to the full episode now!IN TODAY’S EPISODE, I DISCUSS: - Why you should avoid meme, trend, and fad investing- The benefits of automating bill payments and investments- The importance of a long-term investment perspectiveRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Investment Taxes…What You Need to KnowDoing Nothing with Your Money Isn't An Option!Q&A Why Taking a 401K Loan Can Destroy Your WealthGetting Your Partner on the Same Money Page RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Investment Taxes…What You Need to Know: https://www.youtube.com/watch?v=8I2VnoVMlUo Doing Nothing with Your Money Isn't An Option!: https://youtu.be/vlM4dVTh15Q Q&A Why Taking a 401K Loan Can Destroy Your Wealth: https://youtu.be/fuasu0zN3to Getting Your Partner on the Same Money Page: https://youtu.be/BaAW-JswkXQ ORDER MY NEW BOOK:Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com

14 snips
Jul 8, 2024 • 21min
Finance Secrets Accountants Know That Most People Don't
Discover the hidden financial secrets that accountants know, from the myth of a high salary to the value of long-term investments and cash-flow generating assets. Learn why playing the long game is crucial and how your best investment is always in yourself.

12 snips
Jul 4, 2024 • 27min
Why Most Business Owners Will Never Be Rich
Learn why most business owners struggle to become rich and how to avoid common mistakes. Discover the importance of financial literacy, managing wealth beyond your business, and diversifying assets. Explore how to turn your business into a money machine for true financial freedom.