Building Your Money Machine

Have you ever felt that you had a grand plan and everything was going to be incredible, only to have it all come crumbling down?Well that is exactly what happened with Brandi Mowles. She was a bright law school student that had a huge future. She got the entrepreneurial bug at an event she attended and jumped into the game.Unfortunately, she found out really quickly that making sales wasn’t the same as building wealth. It wasn’t the number that mattered. Ultimately, she found herself deep in debt, upside down and staring at bankruptcy.Yet, once she understood true money and wealth principles she went from bankrupt to building their dream home and being a successful entrepreneur in a matter of 3 years. She spills it all in this episode. If you’re struggling, or ever struggled or looking to hear from someone that has travel the road from despair to elation, take a listen to this episode.Today Our Conversation Includes:How a single conversation lead to paying off $130,000 in loansHow she learned that making sales and money isn’t building wealth.How not tracking the right metrics lead to bankruptcyThe fear and stigma around trying to rebuild from nothingHow to break down the walls of money communication Other Resources:Ep 24: What to Do With Your CashEp 40: Get Out of Debt the Affluence WayEp 64: Three Investments You Need to Build WealthReady to set a solid financial foundation?Join the 7 Day Money Plan Workshop by clicking hereConnect 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/

We have always talked about making safe investments and the importance of assessing risks before making those investments. As we’ve discussed, some investments create continuous cash flow, while others increase their value over time, giving us a profitable return. One of those investments is gold. However, there’s a risk of investing in gold: its volatility. Its value could go up or down depending on public demand. If you decide to add gold to our portfolio, you must do it in a safe way, because not every portfolio has the need nor the space for it. In this episode, I want to discuss some reasons that make gold a valid investment idea and how you should approach it safely without jeopardizing your financial future. Today our conversation includes:5 reasons why people are attracted to gold.Why is gold seen as a commodity?Why is gold so volatile?How to add gold to your portfolio?  Resources mentioned:Ep 64: Three Investments You Need to Build Wealth Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham Check out my book:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/

How are you really?  This is a big question that most don't ask often enough. Because we don't ask it often enough, we can find ourselves living a mildly miserable life or a life that isn't fulfilling us the way we want. In fact, this is where a lot of burnout and overwhelm comes from. Today’s guest is my good friend Jenna Kutcher, the host of the Goal Digger Podcast, one of the top podcasts around business, marketing, and how to chase bold dreams. In this episode, we’re discussing her new book: “How Are You, Really?”. Jenna describes this book as an answer to how to wake up to your life, redefine success, and come home to yourself. It will help you explore questions such as: How do you find happiness? How do you find that enrichment in life beyond chasing material possessions? Because that is always the ultimate goal: to enrich your life beyond money. This episode will help you realize that it’s never too late to find what you are really passionate about, and how creating something you love and making it your mission can change your life and the lives of those around you for the better. Never forget that we must strive for a life that outlives us. Today our conversation includes:An introduction to the book “How Are You, Really?” and what it is about.How can you start shifting from your current path to where you want to go?How can you live a richer life? Spoiler alert: it doesn’t always involve money. Connect with Jenna:Get Jenna’s new book - “How Are You, Really?” by clicking here.Listen to Jenna’s podcast - Goal Digger, by clicking here. Ready to set a solid financial foundation?I’m doing a special LIVE FREE training (no sales or pitches) to help you through this turmoil called Navigating the Money Chaos. Register on MelAbraham.com/chaos/Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/

When thinking about our financial future we want what is best for us and our family. For some people, this looks like creating retirement accounts that can help their money grow over time. These accounts come in different types and have different benefits. And in every wealth plan, there’s one thing you can’t avoid…taxes. Taxes are simply a part of every financial journey BUT your job is to only pay the amount you are legally required to, not one penny more. Considering that tax rates could approach 50% or more depending on the state you live in, it isn’t a decision to take lightly. But what if you could have a portion of your retirement or wealth be completely tax-free? Cool idea, right? That’s effectively what a Roth is. No tax deduction when you put money in AND no taxes on any amount when you withdraw it (after age 59 ½) on any of the growth or the contributions. Some people already have an IRA, or a different type of account, and they’re trying to figure out if making a conversion to Roth IRA is the best idea. Although the tax demon can invade your retirement and wealth. But it may be possible to minimize it through systematic conversions of your IRAs. In this episode, we will explore what a Roth IRA is, how to make a conversion from an IRA account, and the benefits that it could bring us over time depending on what we are planning for our future. Today our conversation includes:How does a Roth IRA work?How to do a conversion from a regular IRA to a ROTH.What you need to consider before doing the conversion. Resources mentioned:Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence)Ep 24 What to do with your cash Ready to set a solid financial foundation?Join the 7-Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/

If you’ve been listening for a while, you know that I believe that multiple streams of income are no longer a luxury, but a necessity. If you’re on this journey already, wanting to accelerate your path towards wealth by diversifying your income, then this episode is for you. It’s also for you if you want to finally be in control of your financial future. Now, finding the right path towards a desired goal takes intentionality. We need to think about what we do, and how we are doing it, and avoid taking uncalculated risks. This means making a conscious effort to favor commitment over impulsivity. In this episode, we are going over three different pillars that will help you quit your job and go full-time on your business, or transition from one business to the next. This plan will allow you to stay committed to your wealth creation and, over time, have that cash flow and the financial freedom that you deserve. Today our conversation includes: Three pillars that will help us make our transition out of a job, to an entrepreneurial endeavor.How to look at our passions and turn them into part of our future business.What is The Entrepreneurial Transition formula and how to apply it. Resources mentioned: Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence) Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham Check out my book:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/

Building wealth is not an easy road. There are steps, paths that you have to take and you have to know how to do it safely without jeopardizing your future and your family's future. Knowing what to invest in and how to do it is a very important part of the road toward building wealth. In order for us to get our financial freedom, we have to identify good investments and how to approach them. So, in this episode, we are going to talk about how to choose investments and how to look at them in a way where we can know exactly what that investment is doing for us so we can start building our money machine to create the life we always dreamed of having. Today our conversation includes: 3 investments that you need to have in your portfolio.Real estate as a growth investment.How to approach investments knowing what they are going to do for you in the future. Resources mentioned: Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence)Ep 025:  How to Invest in Index Funds or ETFsEp 009: Why Assets are Vital for Financial Liberation Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham Check out my book:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - m

Making choices during uncertain times is not easy, however, nothing that is worth your time is easy, and this becomes especially true when you feel like you're stuck not following your dreams. That's why creating an online source of revenue is so important. Having a second or a third income is not a luxury, it is a necessity in the changing market we currently have. This is about your financial security and your family's financial future.   Getting your dream job is possible, but you have to be willing to work and put in the effort that is needed. Channeling those efforts towards the online world will help you reach more people while you prioritize your safety and fulfill your personal goals. In today’s episode, James and I are sharing some ways and steps you can take to achieve wealth through an online business, so you can start doing it right now. Today, our conversation includes:What is the importance of a digital product?How to approach life when things look difficult.How to identify what we really want as a first step to starting our journey towards financial growth.How to find what you're passionate about and start working around it. How to approach online business using the two sides of the brain. Resources mentioned:Join James Wedmore starting on June 2 for a LIVE Virtual Experience to see how he has built his 7 and 8 figure business without sacrificing his lifestyle! Register here. Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham Check out my book:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - 

The road towards financial freedom is not an easy one. It will be filled with work, time, resources, and, especially, patience. We want to have an affluent lifestyle, and in order to achieve it we first need to know what we want and then make our way, step by step, towards it. One of the first things we need to know is where we are going. We need to have a vision that sets the roadmap. Then, we must identify what we have and what we don't, and what we can do to get it. That is why getting financial education and talking about money with your family and advisors is important. We cannot be afraid of the “money talk”, and we need to have it early on. We can't wait for an impossible situation to have the talk, we need to be prepared. So, hopefully, in this episode we can figure out what's missing from our Affluence Blueprint™ and how to get it so we can achieve wealth and financial freedom. Today, our conversation includes:10 things we need to have in mind so we can work towards our financial freedom plan.Why you should be investing.Why having a plan and a vision for our future will prepare you for that future.The importance of knowing what to do with your cash. Resources mentioned:Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence)Ep 24: What to do with your cashEp 51:  A framework for financial independence Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: 

Being able to financially protect your family is the most important thing you can do, but, sometimes, we as human beings make mistakes. We can forget to look for signs of danger and we can run into financial scams that could affect our family's future. As entrepreneurs, at times we think that we are indestructible and that no harm could ever come our way, when the reality is that we face the danger of being scammed every day, especially within the context of the online world. Remember that if you are to find financial freedom, if you are to create wealth, you need to understand how to avoid those scams. In this episode, we’ll discuss how to protect your legacy and your family’s legacy, how to understand the key warning signs that you should keep an eye out for, and what to do to avoid this danger and keep yourself safe. Today, our conversation includes:The top 10 psychological and emotional triggers that scammers use.The 10 steps that you need to follow in order to stay safe.The importance of always thinking rationally and not making emotional decisions. Resources mentioned:Download The Affluence Blueprint™  Graphic (Three Pillars of Affluence)Ep 24: What to do with your cashEp 52:  Biggest mistakes that investors make Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/ Instagram (melabraham9): MelAbraham.com/ig/ Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham 

Talking about hard times is not easy, and neither is walking through them. So, in this new episode, we are going to talk about the inflationary process that we are currently going through and what to do if we enter a recession. Of course, there is uncertainty right now, and not knowing when or for how long this period will last, we have to be prepared by knowing which logical step will make the difference for us without jeopardizing our financial future. In this episode, I want to share the steps that I would take to make the best of the current situation we are facing. Hopefully, it will help you keep up with your plan towards the affluent lifestyle you want to achieve. Today, our conversation includes:What to do in the inflationary times we are leaving and how to face them.The steps to take to avoid being on a downturn without preparation.How to push ourselves when we are in a financial downturn. Resources mentioned: Download The Affluence Blueprint™  Graphic (Three Pillars of Affluence). Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/ Instagram (melabraham9): MelAbraham.com/ig/ Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabraham  Check out my book:The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/