Building Your Money Machine

When it comes to handling finances, we often rely on traditional wisdom and strategies to guide our decisions. But here's the thing: those rules don't always apply to entrepreneurs who operate in a dynamic and ever-changing world.That's why in this episode, we’ll dig deep into the limitations of traditional financial advice when it comes to entrepreneurs. We'll talk on the importance of breaking free from the cookie-cutter approach and instead creating a customized plan that suits your unique circumstances.We’ll also explore why it's crucial to choose the right financial advisor who understands your business and can help optimize your sales, cash flow, and expenses to create wealth in your personal life.So if you're an entrepreneur hungry for knowledge on how to achieve financial liberation and operate at the highest level, this episode is tailor-made for you!IN TODAY’S EPISODE, I DISCUSS: The importance of a customized financial plan for entrepreneursChoosing the right financial advisor who understands your businessIntegrating your business with your personal wealthRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Demystifying Your Credit Score & Does It MatterHow the Top 1% Earners Accelerate Their Wealth (It's Not By Getting a Raise)Why Knowing Your Financial Numbers is Vital to Your FutureHow a CFO Can Transform Your Profits & Wealth with Michael KingTAKE 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  OTHER RESOURCES:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

It's time to take a closer look at the excuses we often make when it comes to money! These excuses may seem harmless at first, but they can have a significant impact on our financial well-being.Today, we’ll uncover the top seven excuses that are keeping you broke and preventing you from achieving the financial freedom you deserve. We’ll talk about the importance of building a money machine alongside your business machine to achieve financial control. I’ll also share insights on how to avoid burnout and the treadmill entrepreneur cycle that keeps you trapped in the never-ending pursuit of more money.Let's break free from the chains that have been holding you back and start creating a life of financial abundance and control. Tune in now and start taking control of your financial future.IN TODAY’S EPISODE, I DISCUSS: How excuses are preventing you from achieving wealthThe importance of building a money machine alongside your businessThe shocking statistics about financial struggles even among high-income earnersRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Money, Debt, Dopamine & Freedom With Frank BenedettoCreate a Money Machine for Financial FreedomGenerate & Scale Your Income to Build Wealth FasterMy Favorite Investing Accounts (And How to Maximize Your Returns)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  OTHER RESOURCES:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Ever wondered what you should be doing with your wealth as you enter your 60s? In today's episode, we're diving into some essential moves you should be making as you enter your fabulous 60s. We'll chat about selling stuff you don't need anymore, like those dusty gadgets, and turn them into cash for some smart investments.Another thing we'll tackle is having enough cash on hand for those unexpected curveballs life throws at us - you know, medical stuff and such. So, increasing that peace of mind fund is a top priority!Don't miss out on the tips and tricks that can help you make the most of this exciting decade!IN TODAY’S EPISODE, I DISCUSS: Selling non-productive assets for investmentThe caution of lacking liquidity and the importance of increasing our peace of mind fundBalancing financial support for adult children and our own financial wellbeingRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Wealth By The Decade - The Roaring 20sWealth By The Decade - Messy 30sWealth By The Decade - Fortunate 40s + If You're BehindWealth By The Decade - Flying 50s + If You're BehindTAKE 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  OTHER RESOURCES:Special Live Training: https://www.affluencelive.comPrivate Money Mentoring Coffee Chats: https://melabraham.com/coffee7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Layoffs, unfortunately, have become a common occurrence in today's ever-changing job market.It's a tough pill to swallow, but you don't have to let it happen to you without a plan. You hold the power to take control of your situation and safeguard the future for yourself and your loved ones.In this episode, we're going to discuss practical steps you can take to bounce back and thrive after a layoff. We're talking about more than just weathering the storm; we're discussing how you can transform adversity into a springboard for personal and professional growth.Get ready to rise above the challenges and embrace the limitless potential that awaits you. This is an episode you won't want to miss!IN TODAY’S EPISODE, I DISCUSS: How to increase your value in an organizationThe financial and psychological challenges faced during layoffsFramework and process for preparing and navigating potential layoffsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Create a Money Machine for Financial FreedomWhat to Do When Your Work Isn't Fun Anymore with Rick MulreadyHow to Quit Your Job & Build a Profitable BusinessGenerate & Scale Your Income to Build Wealth FasterTAKE 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  OTHER RESOURCES:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/CONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Overcoming financial struggles and building a profitable business is not only possible but well within your grasp. Sure, It's gonna be a bit tough, but trust me, with some solid planning, a touch of creativity, and a whole lot of determination, you'll crush those challenges and come out on top!Speaking of triumphing over financial hardships, we have a special guest joining us today, Brandi Mowles, founder of Serve Scale Soar. Brandy shares her personal journey, from struggling with debt to building a thriving business. She takes us through the steps she took to turn her financial situation around and provides valuable insights that will inspire and guide you.So get ready for an episode that'll leave you feeling empowered, inspired, and armed with the tools to conquer any financial hurdle that comes your way.IN TODAY’S EPISODE, I DISCUSS: Brandi's journey towards financial successTreating budgeting as effective money managementStrategies for maximizing profitability and setting financial goalsCONNECT WITH BRANDI:Know more about Brandi: https://www.linkedin.com/in/brandi-mowlesVisit Brandi’s website: https://brandimowles.comFollow Brandi on Instagram: https://www.instagram.com/brandimowles/RECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Build Wealth & Live a Rich Life at Any Age (My son's journey)Create a Money Machine for Financial FreedomGenerate & Scale Your Income to Build Wealth FasterHow the Top 1% Earners Accelerate Their Wealth (It's Not By Getting a Raise)RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones:Build Wealth & Live a Rich Life at Any Age (My son's journey)https://youtu.be/5p7OVp2pAbMCreate a Money Machine for Financial Freedomhttps://youtu.be/ZXK7bnqrqcwGenerate & Scale Your Income to Build Wealth Fasterhttps://youtu.be/WQamRbChFBkHow the Top 1% Earners Accelerate Their Wealth (It's Not By Getting a Raise)https://youtu.be/xWorpSnrAYITAKE 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  OTHER RESOURCES:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/CONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tubeInstagram (@melabraham9): MelAbraham.com/igFacebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” –&

Whoa, hold on tight because we're diving into the next part of our series: the Flying 50s!It's a decade of fine-tuning, stress-testing, and making well-informed decisions that will set the stage for a comfortable retirement and an affluent lifestyle.In this episode, we'll be focusing on the key priorities for your 50s and discussing what steps you can take if you find yourself feeling behind in your wealth creation journey. We'll explore detailed financial planning, stress testing your strategies, and determining your retirement "target number." We'll also touch on the importance of aligning your investments with your goals and managing your risk effectively. It's never too late to make significant progress, and I'm here to guide you every step of the way!Don't miss this episode! Whether you're already soaring through your 50s or need a catch-up plan, the insights and strategies shared here will empower you to take control of your financial future.IN TODAY’S EPISODE, I DISCUSS: Stress testing your financial plan to ensure securityThe importance of stress testing your financial planOptimizing investments in your 50sRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Wealth By The Decade - The Roaring 20sWealth By The Decade - Messy 30sWealth By The Decade - Fortunate 40s + If You're BehindWealth By The Decade - Sticky 60s + If You'r e Behind 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  OTHER RESOURCES:Special Live Training: https://www.affluencelive.comPrivate Money Mentoring Coffee Chats: https://melabraham.com/coffee7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book

What exactly is a credit score, and does it really matter? Let's demystify the concept and explore its significance.Around 90% of lenders use credit scores to assess potential borrowers, which means it directly impacts the loans you can get, the interest rates you'll pay, and the terms you'll be offered.It also affects your ability to rent a home, influences insurance rates, determines utility deposits, and even impacts your job prospects. In short, your credit score holds significant sway over your financial opportunities.In this episode, we're going to crack open the vault and dive deep into the world of credit scores. I'll break down exactly how they work, what factors influence them, and, most importantly, how you can improve and maintain a healthy credit score. Take charge of your financial well-being today. Hit that play button and empower yourself with the knowledge to make smarter financial decisions.IN TODAY’S EPISODE, I DISCUSS: What credit scores are and why they matter for borrowingFive levels of credit scoreHow FICO Scores are calculatedRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Favorite Investing Accounts (And How to Maximize Your Returns)How to Invest in ETFs & Index Fund to Create WealthWhy Knowing Your Financial Numbers is Vital to Your FutureWealth Habits That Make a DifferenceTAKE 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  OTHER RESOURCES:Get your FICO score for free: https://www.myfico.com/credit-education/whats-in-your-credit-scoreGet your free credit report: https://www.freecreditreport.com7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/CONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

When it comes to marriages, money conversations are no exception. Rather than being the elusive elephant in the room, these discussions become essential pillars of trust, love, and support within your marriage.Our guest, Corinne Acampora, Founder & Principal Designer of Acampora Interiors, takes us on a fascinating ride, sharing how she and her husband navigated their financial landscape together.From the challenges of graduate school debt to starting their own business, we uncover how their money conversations have been instrumental in creating a strong and united front as a couple.Don't let money be a barrier between you and a thriving marriage. It's time to take charge, have those conversations, and create a future filled with love, trust, and financial success. Tune in now!IN TODAY’S EPISODE, I DISCUSS: Nurturing independence and confidence in childrenMaking bold decisions for career and relationship growthWhy the financial journey is a couple's journeyCONNECT WITH CORINNE:Learn more about Acampora Interiors: https://acamporainteriors.com/aboutTune in to the Grit by Design podcast: https://acamporainteriors.com/podcastFollow Corinne on Instagram: https://www.instagram.com/acamporainteriorsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Building Legacy & Wealth Through Podcasts with Travis AlbrittonHow to Redefine Your Future with Lori HarderHow a CFO Can Transform Your Profits & Wealth with Michael KingCapturing the Affluence Vision for Your LifeTAKE 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  OTHER RESOURCES:Special Live Training: https://www.affluencelive.comPrivate Money Mentoring Coffee Chats: https://melabraham.com/coffee7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

Welcome to your fantastic 40s! A phase in life when you've likely got more solid ground under your feet, and the world looks a lot more colorful. You've learned from the good, the bad, and the awfully odd previous decades, which has put you in a much better position to focus on creating wealth and financial stability.In this episode, we will delve into the essential factors that shape and refine your financial objectives during your 40s. Join me as we explore the significance of determining the kind of lifestyle you desire, encompassing travel dreams, living arrangements, and financial commitments. Along the way, I'll share tips on how to reduce expenses, such as downsizing or relocating, to free up money for investing and wealth creation.As you can see, this episode is jam-packed with valuable insights and actionable steps to take control of your finances in your 40s. Let's take this decade head-on and look forward to a wealthy future!IN TODAY’S EPISODE, I DISCUSS: Importance of starting early in teaching children about moneyBuilding wealth in your 40s: priorities, tactics, and cautionary tipsHow to maximize tax benefits in your 40sRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Wealth By The Decade - Roaring 20sWealth By The Decade - Messy 30sWealth By The Decade - Flying 50s + If You're BehindWealth By The Decade - Sticky 60s + If You'r e Behind 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  OTHER RESOURCES:7-Day  Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/

We've got an exciting topic on the table today: renting versus buying a home. It's a decision that can greatly impact your finances and emotions, so let's dive in and figure out which option is right for you.According to a survey by bankrate.com, 74% of Americans consider owning a home the ultimate marker of prosperity, even ranking it higher than having a successful career. This sentiment highlights the deep-rooted belief that owning a home symbolizes achievement and stability.In this episode, I'll discuss the financial and non-financial considerations of both renting and buying a home. I'll help you understand the costs, potential benefits and drawbacks, and how to align your decision with your vision for the future.It's going to be an episode packed with information and insights that could really make the difference when it comes to one of life's biggest decisions —the choice between renting and buying a house. It's not just an investment—it's a step towards crafting the life you've always dreamed of!IN TODAY’S EPISODE, I DISCUSS: Financial considerations of homeownership: mortgage, maintenance, taxes, insuranceComparison of costs between homeownership and rentingUnderstanding the purpose of the rent vs. buy templateRECOMMENDED EPISODES FOR YOUIf you liked this episode, you'll love these ones:My Favorite Investing Accounts (And How to Maximize Your Returns)Why Knowing Your Financial Numbers is Vital to Your FutureYour Money Questions Answered... Money Mentoring Over CoffeeCreating Wealth & Freedom Through Acquisitions ft. Nick BradleyTAKE 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  OTHER RESOURCES:Free Rent Vs. Buy Calculator™: https://www.melabrahamtraining.com/lm-rent-vs-buy-calculator7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/