Building Your Money Machine

Mel H Abraham, CPA, CVA, ASA
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Jul 13, 2023 • 52min

He Wiped Out $130k in Debt in 90 Days with Bobby Goodwin

Do you dream of financial freedom and the ability to live life on your own terms? Well, get ready to be inspired because today, we have an incredible story of triumph and financial liberation.In this episode, we dive deep into Bobby Goodwin’s journey, exploring the practical steps he took to eliminate his debt, the newfound clarity he gained about his financial situation, and the incredible impact it had on his overall well-being.What makes Bobby's story truly inspiring is that it's not just about money—it's about embracing abundance in all areas of life. His story reminds us that financial freedom is not just a destination but a continuous journey of growth and new opportunities.Tune in now and join us on this transformative journey toward financial liberation. You owe it to yourself to take the first step towards a brighter, debt-free future!IN TODAY’S EPISODE, I DISCUSS: Insights and strategies from Bobby's debt-free journeyThe positive impact of teaching children about money and the cash systemAvoiding the trap of increasing debt while lowering paymentsCONNECT WITH BOBBY GOODWIN:Follow Bobby on Facebook: https://www.facebook.com/thebobbyagoodwin RECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Money, Debt, Dopamine & Freedom With Frank BenedettoHow to Invest in ETFs & Index Fund to Create WealthGenerate & Scale Your Income to Build Wealth FasterSimple Strategies to Increase Your Income (Without Burning Out)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/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” – melabraham.com/book/
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Jul 12, 2023 • 48min

Wealth by the Decade - Messy 30s

Ah, the 30s—a time of exhilarating milestones and sometimes bewildering financial chaos. In this episode, I'll unravel the key points to help you seize the opportunities and overcome the challenges that come your way.From career advancements to growing families, these pivotal years are filled with life-altering decisions that can shape your financial future. Join me as I discuss strategies for accelerating your income and making smart investments. By the end of this episode, you'll have actionable steps to take to create a strong financial foundation and avoid the potential pitfalls that come with the "messy middle." You don't want to miss this episode, so hit that play button, and let's dive in!IN TODAY’S EPISODE, I DISCUSS: Achieving work-life harmony in your 30sExpanding investments and creating margin in your 30sTaking advantage of tax-free accounts for a stable futureRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Create a Money Machine for Financial FreedomWealth By The Decade - Roaring 20sWealth 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:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.com|YouTube: 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/
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Jul 10, 2023 • 1h 2min

Money, Debt, Dopamine & Freedom with Frank Benedetto

Let's talk about money, debt, and that sweet dopamine rush we all love. It's crazy how these things are all intertwined and affect our freedom in different ways.That's why I’m bringing you some straight-up real talk in this episode. Joining us is my good friend Frank Benedetto, a physical therapist and entrepreneur, who will delve into the fascinating interplay between our finances, dopamine levels, and sense of freedom. We discuss how our brains are wired to seek instant gratification and how this can lead to bad money decisions and debt. Frank shares some practical tips on breaking free from this cycle and creating healthy money habits that can lead to long-term financial freedom. So if you're ready to take control of your finances and live a fulfilling life, then tune in for some killer insights and strategies!IN TODAY’S EPISODE, I DISCUSS: Understanding the relationship between dopamine and moneyHow to recover from financial setbacksThe importance of work-life balance in entrepreneurshipCONNECT WITH FRANK:Follow Frank on Instagram: https://www.instagram.com/frank_benedetto/?hl=enKnow more about Frank: https://www.linkedin.com/in/frank-benedetto-dptRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:What to Do When Your Work Isn't Fun Anymore with Rick MulreadyCreate a Money Machine for Financial FreedomHow Frameworks Drive Value, Revenues & Profits with Shana BresnahanSimple Strategies to Increase Your Income (Without Burning Out)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/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” – melabraham.com/book/
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Jul 6, 2023 • 41min

Build Wealth & Live a Rich Life at Any Age (My son's journey)

No matter how old you are, it's never too early or too late to start building wealth and creating a rich life.In today's episode, we're going to delve into a topic close to my heart – how to build wealth and live a rich life. But what makes this episode even more special is our guest – none other than my son, Jeremy. He has an inspiring story to share about how he's managed to create a fulfilling life, travel the world, and build a successful business - all while prioritizing his experiences over material possessions.This is a unique and inspiring episode that you do not want to miss. Jeremy's perspective on balancing wealth-building and living life to the fullest is worth listening to and learning from. Tune in and join us for an insightful discussion on how to build wealth and live a rich life at any age.IN TODAY’S EPISODE, I DISCUSS: Balancing present needs with future planningLessons in money managementInvesting in experiences that truly matterRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Create a Money Machine for Financial FreedomMake More Money by Getting Paid More for What You KnowHow to Live a Fully Expressed Life with Rachel LunaWealth 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: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” – melabraham.com/book/
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Jul 5, 2023 • 42min

Wealth By The Decade - Roaring 20s

We're diving into the first installment of our special series, Wealth By The Decade, where I'll be sharing with you valuable insights and strategies to build wealth at every stage of life.As we all know, the twenties are all about living fast and making memories, but they’re also equally important in setting the tone for your financial future.This episode discusses the crucial elements to consider when building wealth, especially during your twenties. I explain the fundamentals of wealth creation, including the wealth triad and stages of the financial liberation journey, as these concepts apply to all ages and stages of wealth creation.So, if you want to know how to capitalize on the opportunities and challenges of your 20s, and pave the way for greater wealth and prosperity, don't miss out on this episode!IN TODAY’S EPISODE, I DISCUSS: Wealth creation's four stages towards financial liberationEffective management of income and expensesConsistent steps towards financial liberationRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Create a Money Machine for Financial FreedomWealth 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: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/
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Jul 3, 2023 • 39min

How to Invest in ETFs & Index Fund to Create Wealth

We're going to dive into the world of index funds, ETFs, and mutual funds. Are they worth investing in? Or should we stick to picking individual stocks? It's a question I've heard a lot, and I think it's time we really examine the pros and cons of each approach.Throughout this episode, I'll walk you through the basics of index funds and ETFs, and explain their advantages and disadvantages compared to individual stocks. I'll also share some tips for choosing the right index fund or ETF based on your investment goals and risk tolerance.As someone who's always been passionate about personal finance, I know how important it is to educate yourself and take control of your investments. By understanding these investment options, you can make informed decisions that will help you work towards building wealth and securing your financial future.So, join me on this journey towards financial success, and let's learn how to invest in ETFs and index funds to create wealth!IN TODAY’S EPISODE, I DISCUSS: The importance of diversification in investingUnderstanding the concept of mutual funds and how they differ from index funds/ETFsHow to choose the right index fund/ETF for your investment goalsRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:My Favorite Investing Accounts (And How to Maximize Your Returns)How the Top 1% Earners Accelerate Their Wealth (It's Not By Getting a Raise)How a CFO Can Transform Your Profits & Wealth with Michael KingHow One Client Saved $24k on Their Taxes by Becoming an S CorporationTAKE 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” – melabraham.com/book/
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Jun 26, 2023 • 1h 4min

Using Video For Profits & Income With Sean Cannell

Video is one of the coolest ways to get your message out there, build your brand, and boost your biz. But I get it, starting out with video can be intimidating. That's why I brought on my good friend Sean Cannell, CEO of Think Media, to share his expertise and help you overcome your fears.We had an insightful conversation about everything video - from Sean's journey to becoming a YouTube expert to the importance of using video to build your personal brand and stand out in a crowded market. We also talked about how he started with a simple video camera and editing software and the crazy path that led him to where he is today - an eight-figure business owner with millions of subscribers on YouTube and a best-selling book. We covered a lot of ground, and I'm confident you'll find some great tips and strategies in this episode that you can use to grow your business. So, grab your notepad and tune in!IN TODAY’S EPISODE, I DISCUSS: Sean’s unique journey to becoming a YouTube expertThe best practices for creating successful videosThe longevity of YouTube videos and how to get startedCONNECT WITH SEAN:Visit Sean’s website: https://www.seancannell.comSubscribe to Sean’s YouTube Channel: https://www.youtube.com/channel/UCWWFavn3ym0w3myTD5OX59gLearn more about Think Media courses: https://courses.seancannell.comListen to Sean’s podcast: https://courses.seancannell.com/multi-page-sean-podcastsGet a copy of Sean’s book, YouTube Secrets: https://courses.seancannell.com/multi-page-sean-booksRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:How the Top 1% Earners Accelerate Their Wealth (It's Not By Getting a Raise)Building Legacy & Wealth Through Podcasts with Travis AlbrittonStop Your Fears From Stealing Your Financial Dreams!How Entrepreneurs Really Build Wealth!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/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” – melabraham.com/book/
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Jun 19, 2023 • 24min

Create a Money Machine for Financial Freedom

As a business owner or entrepreneur, it's crucial to understand your business itself isn't the wealth; it's the generator of wealth—it's merely the vehicle that can help you achieve financial freedom. To accomplish this goal, you need to create a money machine that generates a steady stream of income and grows your wealth over time.In this exciting episode, I'm going to take you through some practical steps and frameworks that can help you build your very own money machine, paving the way to financial stability and success. Together, we'll explore strategies for optimizing your business processes, increasing profitability, and developing a sustainable income stream plan for the long term. So, are you ready to take control of your financial destiny? Tune in to this episode, and let's get started on the path to financial freedom!IN TODAY’S EPISODE, I DISCUSS: Why your business should focus on solutions and profitsUnderstanding The Affluence Cashflow MatrixThe role of assets in generating cash flow and increasing net worthRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:Why Knowing Your Financial Numbers is Vital to Your FutureCapturing the Affluence Vision for Your LifeHow to Change Habits to Live a Rich LifeWealth 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:Learn more about The Affluence Blueprint: https://melabraham.com/book-mel/the-affluence-blueprint4/7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/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” – melabraham.com/book/
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Jun 12, 2023 • 50min

Elevate Above Your Circumstances with Mary Owusu

In life, we all face challenges and obstacles that may seem insurmountable. However, how we choose to respond to these challenges can make all the difference. We have a special guest, Mary Owusu, whose story of resilience and determination will leave you in awe. Mary was born and raised in Ghana, and at a young age, she was left to fend for herself. Despite the challenges she faced, Mary refused to give up and instead set her sights on creating a better life for herself and her family.In this episode, Mary shares with us her incredible journey, from her humble beginnings in Ghana to her current status as a successful entrepreneur and educator. She talks about the struggles she faced along the way and the lessons she learned that helped her overcome those challenges.If you're an entrepreneur trying to build a life bigger than your current circumstances, you absolutely have to listen to this episode. Mary's journey is a testament to the fact that anything is possible with determination and a positive attitude. So grab your headphones and get ready to be inspired!IN TODAY’S EPISODE, I DISCUSS: Mary's background and journey from Ghana to the USHow resilience helped Mary achieve her goalsThe importance of developing a system mindset to overcome challengesCONNECT WITH MARY:Visit Mary’s website: https://maryowusu.comKnow more about Mary: https://www.linkedin.com/in/maryoRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:How to Redefine Your Future with Lori HarderCapturing the Affluence Vision for Your LifeWealth Habits That Make a DifferenceHow to Live a Life That MattersTAKE 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” – melabraham.com/book/
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Jun 5, 2023 • 1h 4min

What to Do When Your Work Isn't Fun Anymore with Rick Mulready

As an entrepreneur, I know how rewarding it can be to build a successful business from scratch. However, I also know that the path to success can be long and challenging, and sometimes it can take a toll on our mental and emotional well-being. One of the most common issues that entrepreneurs face is burnout - the feeling of being exhausted and uninspired.In this episode, I got to chat with my good friend, Rick Mulready, a successful entrepreneur who's been through this exact struggle and has some valuable advice to share. In our conversation, Rick emphasized the significance of prioritizing what matters most in life and the need to care for ourselves just as much as we care for our businesses. He also talked about his courageous decision to take a 90-day sabbatical to focus on his well-being and spend quality time with his loved ones.I found Rick's story to be inspiring because it takes immense strength to recognize when you're overwhelmed and need to make changes. So, I encourage you to listen to this episode and begin taking steps towards a more fulfilling, healthier, and happier life. After all, your well-being matters, and you deserve to give it the priority it deserves.IN TODAY’S EPISODE, I DISCUSS: How taking a sabbatical can help you find clarity and purposeHow to recognize and overcome burnout in your businessWhy we need to redefine success and prioritize self-careCONNECT WITH RICK:Know more about Rick: rickmulready.comListen to Rick’s podcast: The Art of Online Business PodcastRECOMMENDED EPISODES FOR YOUIf you liked this episode, you'll love these ones:Make More Money by Getting Paid More for What You KnowGenerate & Scale Your Income to Build Wealth FasterHow to Quit Your Job & Build a Profitable BusinessHow to Redefine Your Future with Lori HarderTAKE 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:Learn more about The Affluence Blueprint:https://melabraham.com/book-mel/the-affluence-blueprint4/7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupCONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/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” – melabraham.com/book/

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