Building Your Money Machine

Mel H Abraham, CPA, CVA, ASA
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Dec 5, 2022 • 51min

From Bankrupt to 7-Figures in 4 Years With Laura Meyers

Building sustainable success in business is a common goal for all Affluent Entrepreneurs. This was the goal of today’s guest, Laura Meyer, who went from bankrupt to becoming a seven-figure business owner in only four years.Laura started her first business as a wedding photographer over twenty years ago with rapid massive success. As time passed, she explored other business models and continued to grow, but this growth took over her life and she ended up filing for bankruptcy and having to start over four years ago.Laura’s story is full of lessons on business but more importantly how to handle difficult times and adversity with dignity, ethics, and decency. Then after examining her life and the choices that lead her to her bankruptcy, she established a new way of doing her business and building financial freedom.Get ready to get inspired to look at failure from a different lens, and to start tapping into the power of the honest relationships in your life as you build your business and your own version of your Affluent life.IN TODAY’S EPISODE WE DISCUSS: Laura’s decision to walk away from a business that didn’t fit her life vision anymoreHow to navigate failure and unexpected business resultsThe importance of building genuine relationships and leaning on them during the hard timesPRE-ORDER LAURA’S BOOK:www.createyourwinwin.comCONNECT WITH LAURA: Instagram: www.instagram.com/lauraemeyer LinkedIn: https://www.linkedin.com/in/laura-novak/TAKE THE FINANCIAL LIBERATION ASSESSMENT:Take this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/
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Nov 28, 2022 • 34min

Money Smart Gifting During the Holidays

If you’re like most entrepreneurs I work with, you probably love the holidays. With the holidays also comes the joy of constant celebration and gift-giving.It’s normal to experience the desire to show your appreciation and gratefulness by being generous to those you love. However, this joyful time can also bring a serious case of holiday hangover come January when the credit card bills come in with a balance higher than what you can actually afford.Today we’re discussing how to plan for your holiday gifting this season without breaking the bank. I want to help you think through how to give smartly without putting you in a situation that you’ll regret later.At the end of the day, this episode isn’t about not giving or not being in the holiday spirit. It is about being realistic about your financial situation and making spending choices that won’t set you back financially for the rest of next year.IN THIS EPISODE I DISCUSS: 12 steps to optimize your spending this holiday seasonHow to make sure your family is not affected by holiday spending during this slow economic time My tips to avoid Black Friday and Cyber Monday overspendingThe best way to plan for expensive gifts The ultimate gift you should be giving this holiday season TAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/
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Nov 21, 2022 • 35min

Find Richness Through a Gratitude Game Plan [Encore]

It’s that time of the year when we all start reflecting… We all take a moment to be grateful for the people in our lives and the things we have.As we celebrate Thanksgiving in the US this week, my hope is to light the path for you to experience a richer lifestyle regardless of where you are in your financial journey. As I’ve touched on before, richness in life goes beyond money, it’s measured in the currency of experiences.If you’re a repeat listener of the podcast (and if not, you should be :-)), then you’re probably well on your way to creating your own version of an Affluent Life. For that, I’m so very proud of you! Yet, I also want to invite you to pause, think, and appreciate the journey itself…with all the highs and lows. Just like the melody of a song, the highs and lows create the depth of richness you experience.I believe today's society is starving for people coming from a place of gratitude and showing appreciation for others and themselves. I firmly believe that if we approach life humbly, considering others' needs and desires, and showing gratitude and appreciation, we'll have bigger chances of getting where we want to go. This way we'll leave a trail of beautiful souls blessed with our gratitude and appreciation, and the best part of it, it doesn't cost us anything.From the bottom of my heart, thank you. I’m beyond grateful for this Affluent Entrepreneur community. I appreciate you for allowing me to live my calling in life. May this episode inspire you to appreciate how you can decide to live yours starting today!TODAY WE’RE DISCUSSING:The effects of not practicing gratitude, how it can affect our business, our relationships, and our lives in generalWhat happens when we bring up the energy of gratitude into our livesThe three core principles of practicing gratitudeThe three categories from the internal perspective of gratitudeWhat activities we need to put into play to practice gratitudeWhat is The Gratitude Game Plan™RESOURCES MENTIONED:Gratitude Game Plan™ Handout: https://melabraham.com/wp-content/uploads/Gratitude-Game-Plan-Handout.pdf TAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Nov 14, 2022 • 42min

Attitudes that Destroy Your Wealth

You may have heard me say before… no one has money issues. The reality is that they’re actually money symptoms. Symptoms of decisions, choices, and behaviors of the past. I get that can be confronting but it should also be empowering to know that simply changing some behaviors can completely transform your financial destiny.Here’s the deal though, your decisions, choices, and behaviors are impacted by your attitude or learned biases around money and wealth.A bias is a way we process and interpret information. Our bias–and therefore our attitude– is often simply the result of our life experiences. The fact these attitudes could be the very thing that holds from the wealth and financial freedom you deserve.Wherever these attitudes came from we can change them. So today, I walk through some of the most common biases that may be robbing you of an affluent financial future.When you think differently about your money, you can act differently. When you act differently you'll have a whole new set of behaviors that will completely transform your money game. This will keep you in the driver's seat of your financial ship.TODAY WE’RE DISCUSSING:The eight biases that may be keeping you from the financial freedom you desire and deserveHow to reframe the attitudes and biases to support your financial journey instead of hindering itEPISODES MENTIONED: Ep 075 How to Avoid Risk in Investing. TAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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.comOTHER 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Nov 7, 2022 • 50min

Building Wealth in a Recession

I bet by now you’re tired of hearing that more millionaires are created during recessions than at any other time. Personally, this is something that encourages me when I analyze the current state of the economy: when most people see challenges, an entrepreneur sees an opportunity.That’s why today I want to equip you with the tools you need to fill in the HOW portion of the puzzle. How do you build wealth during a recession? What exactly do you need to do? What is the game plan so you do it the right way?My goal is to give you tools and principles that have been proven to work so you can be prepared and protected against recession and any other economic hardship. I want to see you live peacefully through this and come out successfully on the other side of uncertainty.When you understand the basic concepts related to economic downturns, you'll realize that in reality, you have more power than you think and you’ll see where all the opportunities you’ve always heard about are.If you’re on your path to creating your affluent life, taking your foot off the pedal is not a choice you can afford to make. Not only for your future but for your legacy and the future of those that are coming after you. Let’s do this together!TODAY WE’RE DISCUSSING:Understanding the basic terms: recession, inflation, bear market, and bull marketReviewing economic cycles and how you can ahead of the market changesHow much could sitting on the sidelines may be costing you How you leverage fear during the recessionThe importance of community when navigating uncertainty Ep 075 How to Avoid Risk in InvestingEp 040 Getting Out of Debt the Affluence WayTAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Oct 31, 2022 • 47min

Stop Your Fears From Stealing Your Financial Dreams!

Have you ever been in a situation where you were trying to make an important financial decision, but just couldn’t? Maybe this is happening to you right now. Maybe you’re holding back because you’re afraid to make the wrong choice.The problem is that you can’t stay living in fear because when you have fear, you don't fully show up. The resistance and uncertainty you feel make you tiptoe around your goals, so you need to find a way to overcome them.My goal is to help show up fully for your dreams so you can finally go that extra mile and get the results you want.If you feel like there’s something holding you back, this episode is for you. Today I’m walking you through my framework: Six Stages Of Conquering Financial Fear. Grab pen and paper and get ready to be equipped with a checklist that will help you move beyond the fear of making the right financial decisions.This is the exact process I use when working with my 1-on-1 Elite clients or those in my Master's group.Yep, it doesn’t matter what level you’re at, fear lingers and lurks but the most important thing is how you are able to control it so it doesn’t control you.TODAY WE’RE DISCUSSING:Reframing what you believe about fear: the difference between being brave and being courageous Where you need to start if you’re trying to overcome the fear of making a choiceThe six steps that will take you from confusion to having a confident plan to move forward with that financial decision you’ve been putting offTAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Oct 24, 2022 • 51min

Let's Talk Pricing, Value & Getting Paid Your Worth!

One of the best and fastest ways to build wealth and create financial freedom is to elevate your income to get paid more for what you do.Are you struggling, trying to figure out the best way to price your products or services? Do you want to increase your rates and finally get paid what you’re worth?Listen up coaches, consultants, and service providers; spoiler alert: selling hours is NOT the way to reach your financial goals.At the end of the day, my goal is to help you see the importance of positioning yourself as a value provider, not as a transactional provider only.We have to see our own worth first before we can sell our worth to others.The truth is, the more you can articulate the value you offer in the world, the more you can increase your income, and the more you increase your income, the faster you can ramp up your path to wealth and financial freedom.TODAY, WE’RE DISCUSSING:How to position yourself and your offer correctly to convey the value of the transformation your prospect will be receivingThe difference between value and costThe importance of positioning yourself as an expert in the marketplace The four levels to consider when determining your prices TAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Oct 17, 2022 • 39min

The 4 Money Maxims to Live By

“Creating wealth is complicated”. You may have heard this many times or even thought this yourself. But the reality is if you know what millionaires do consistently, AND you do the same…you’ll see how simple it truly is.Now I did say it is simple, and it is. But it still may require work, and when you put in the time and effort you’ll see your path to a new financial destiny accelerate.A Fidelity study showed that 80% to 90% of millionaires are first-generation millionaires, which means that they achieved their wealth during their lifetime, without a millionaire inheritance.I want to help you see that it doesn’t take a lot to reach that goal, you just need to understand how to take maximum advantage of the opportunities in front of you.The way we see opportunities is different for everybody. Some will see them as a risk, some as luck, and others will see a crisis and turn it into something positive for them.Let’s go over the four areas that you need to focus on if you want to start multiplying your wealth. These are common focus points that I've found with all millionaires. In this episode, I’m sharing:The framework that I call the Wealth Maximum MatrixThe importance of having a clear financial vision and sharing them with your partner if you’re in a committed relationship.The key mindset changes that will help you build wealth in the long run.TAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment 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.comOTHER 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Oct 10, 2022 • 31min

Why Financial Freedom Needs to be a MUST For You

Financial freedom is a must for you but not because of the money!Our current market situation is filled with uncertainty. News of rate increases and market decreases seem to be the everyday headline. However, your financial destiny doesn’t need to be destroyed just because of recurring uncertainty and challenges.Many will be paralyzed, they’ll wait. They’ll be reactive, instead of proactive. But I don’t want that to be your story. I want you to be able to stand up and rise from the crisis, to actually thrive.Wealth creation is bigger than the number of zeroes in your bank account, and my goal is to help you realize that. In today’s episode, I’m sharing the reasons that make it a must for you to turn Financial Freedom into a priority in your life.It’s time to do this for yourself. For your ability to be able to take care of an aging parent, your ability to take care of a cause that is near and dear to your heart, and your ability to simply show up for the people you love.In this episode, I’m sharing:Why wealth creation can impact your family tree for generations to comeHow to take bad financial experiences and choices and turn them around for goodHow you can take control of your financial destinyTAKE THE FINANCIAL LIBERATION ASSESSMENTTake this free assessment to see where you are on the path to financial freedom and what your next steps 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 
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Oct 3, 2022 • 45min

Creating a Wealth Mindset For Success ft. Brad Bizjack

Success depends on the mindset we use to face life and approach our goals. If your mind is wired for mediocrity, how can you ever expect to create success? Changing the way we think is not easy because it doesn't matter how many times we are told how good we are if we have a mindset that continuously gets in the way of our goals.Some people believe that changing one's belief is almost impossible, but I'm here with my friend Brad Bizjack to help you understand that it is not impossible and that changing your mindset starts with just one spark and the use of the right tools, including the creation of positive reinforcement systems.So, in this episode, I want to talk about the five core things that you need if you want to create a new positive mindset. With the help of Brad’s program, “The Success Accelerator”, you will be able to lean into the great things that you were born for. In this episode, we’re sharing:Three things we can do to reevaluate our mindsetHow having a negative mindset impacts your ability to create wealthFive core things that you need to transition into a new positive mindsetCONNECT WITH BRAD: Visit his website: www.bradbizjack.com Join Brad’s Success Accelerator 5-Day Challenge: https://www.bradbizjack.com/a/2147520288/AUmU3XRS★★★ TAKE THE FINANCIAL LIBERATION ASSESSMENT ★★★Take this free assessment to see where you are on the path to financial freedom and what your next steps 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/@melhabrahamCHECK OUT MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/ 

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