Building Your Money Machine

Change always brings challenges, and I’d say that finding time to make your family a priority is one of the main ones. When you start moving towards a new job or when you start to work really hard for your dreams, it is not always easy to find a balance between what you love doing and the ones you love. In today’s episode I’m talking with Elizabeth Hartke, international Business and Leadership Strategist, and Founder of the Luminary Leadership Company and Podcast. She works to help entrepreneurial parents integrate success in business with legacy at home, and believes that you can have both without feeling split in two. It’s important to understand that when you are creating a new business, you have to bring your family with you. Involve them in every step and help them understand that you’re starting this new venture for their benefit too. You are working for your kids, your family, and like Elizabeth said, “we really want to breathe life into one of the greatest tools you have in your back pocket to raise your kids as leaders and independent thinkers”. Hopefully, with this episode, we will be able to create a balance and harmony between what you love doing, and the ones you love. What you’ll get from this episode:Why you need to include your family in your financial journey.What most entrepreneurs get wrong when creating a business and having a family.What are the steps to take to make sure you aren't sacrificing the things that matter.How to bring an attitude of leadership to your children through your business. Resources mentioned:Download The Affluence Blueprint ™  Graphic (Three Pillars of Affluence).Listen to my interview on Elizabeth’s podcast. Join the waitlist for Elizabeth’s “Camp for entrepreneurs + the leaders they’re raising” by clicking here, happening on May 10 and 11. Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop by  clicking here Connect with me:Website: MelAbraham.comYouTube: 

Today’s episode is all about investing and some of my top strategies to find and analyze a company, so we can avoid gambling away our future. As I always say, we need to think long-term when it comes to investing. Long-term planning is one of the keys to the work we do in  The Affluence Blueprint™. This is your path to the financial freedom that you are working towards.Now, it's important to remember that making your money work the right way is always going to take time. It involves educating yourself to understand what to look for in a company, in a business, or in a stock. But here's the deal, your future, your family's future, and your legacy are dependent upon you doing such work.There are a few different ways to analyze your options when it comes to investing, and to understand that if we're going to get a higher degree and a higher probability of success, we need to make decisions rationally and based on what we know about the company. Hopefully, in this episode, you will be able to grasp the idea and to continue working further in making your affluent blueprint a reality.Today, our conversation includes:The fundamental analysis and how to apply it.What to look for when analyzing a company.Steps that I follow when making individual investments.Resources mentioned:Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence): https://melabraham.com/wp-content/uploads/TAE-051-The-Affluence-Blueprint-Framework.pdf  Episode 25 “ETFs and index funds and how to invest in them”: https://podcasts.apple.com/us/podcast/025-how-to-invest-in-index-funds-or-etfs/id955356128?i=1000534451464 Episode 24 “What do you do with your cash”: https://podcasts.apple.com/us/podcast/024-what-to-do-with-your-cash/id955356128?i=1000533590226Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop:  TheMoneyPlanWorkshop.comConnect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/ <

How to Pay For College. Let's face it, education can be a costly pursuit. But did you know that it can literally cost you your financial future and freedom? There are so many options to pay for college AND bring our children along the financial literacy path to set them up for life. In this episode, I walk through much of what you need to consider. What You'll Get In This Episode: Why student loans can destroy youWhen to use an UTMA, UGMA account for your kidsThe risks of UTMA and UGMA accountsOther ways to teach wealth and create a college fund★★★ 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★ RECOMMENDED VIDEOS FOR YOU ★If you liked this video, you'll love these ones:What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money Stories - https://youtu.be/QOPFrUtUaGoPricing & Getting Paid Your Value - https://youtu.be/4ORzXMqofjM★ OTHER RESOURCES ★7 Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/My website https://melabraham.com/Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabraham.com/book/Find me on Facebook https://www.facebook.com/melhabraham/Find me on Instagram https://www.instagram.com/melabraham9/Find me on LinkedIn https://www.linkedin.com/in/melhabraham/Find me on Twitter https://twitter.com/MelHAbFind me on YouTube http://www.youtube.com/user/MelHAbraham

In today’s episode we are talking about budgeting and the best way to create a financial plan that makes your money work with you towards reaching the affluent lifestyle you want to create. Budgets can get a bad rap, but when you understand the power of being intentional with your money, you'll see how this paves the road to your financial freedom.   We're going to start by drawing the map from where you are to where you want to be - that place of financial freedom. Remember that your financial future depends on the choices you make today about your money, your behaviors, and your habits. The best way to ensure that you reach that ideal destination is to first determine what that destination looks like: decide what you desire most in life, and then create a strategic plan to achieve it.   We need to choose how our money is going to be used, and a budget will guarantee that your dollars are going to where you intend them to go. The beauty of a budget is that it makes your money work with you towards your affluence plan, and create the lifestyle you envision for yourself.Today, our conversation includes:How to create and define a cash resource plan (budget that works for you)The five steps in a cash resource plan that will help you start working towards your affluence lifestyleThe importance of making your money work with you to fulfill your affluent visionSetting your goals on paper so you can know exactly where you are and where you want to go Resources mentioned: Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence) - https://melabraham.com/wp-content/uploads/TAE-051-The-Affluence-Blueprint-Framework.pdfEp 51: A Framework for financial independence:  https://podcasts.apple.com/us/podcast/51-a-framework-for-financial-independence/id955356128?i=1000553167730Ep 24: What to do with your cash:  https://podcasts.apple.com/us/podcast/024-what-to-do-with-your-cash/id955356128?i=1000533590226How to construct the Wealth Priority Ladder™️:   https://melabraham.com/wp-content/uploads/TAE-023-Wealth-Priority-Ladder.pdfEp 54: Net Worth Your Key to Financial Freedom  https://podcasts.apple.com/us/podcast/054-net-worth-your-key-to-financial-freedom/id955356128?i=1000555454663Ready to build a solid financial foundation?Join the 7 Day Money Plan Workshop:  TheMoneyPlanWorkshop.comConnect with me:Website: MelAbraham.comYouTube: 

★★★ 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★ WHY THIS EPISODE ★This is an area that can get people in a ton of trouble with the IRS and they don't even know it. The fact is that if you're invested or using crypto currencies, in all likelihood you have taxes to pay...but how much?What You'll Get In This Episode:When are cryptocurrencies non taxableWhen are cryptocurrencies taxableHow to qualify for a lower tax rate or even zero on cryptocurrenciesThe biggest mistakes that most people make★ RECOMMENDED VIDEOS FOR YOU ★If you liked this video, you'll love these ones:What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money Stories - https://youtu.be/QOPFrUtUaGo- Pricing & Getting Paid Your Value - https://youtu.be/4ORzXMqofjM★ OTHER RESOURCES ★7 Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group https://www.melabraham.com/groupMy website https://melabraham.com/Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabraham.com/book/Find me on Facebook https://www.facebook.com/melhabraham/Find me on Instagram https://www.instagram.com/melabraham9/Find me on LinkedIn https://www.linkedin.com/in/melhabraham/Find me on Twitter https://twitter.com/MelHAbFind me on YouTube http://www.youtube.com/user/MelHAbraham

Have you been worried about the uncertain times we are facing? Today I’m sharing some tools that can help you deal with them in a way that is smart and safe, as you go step by step towards fulfilling your Affluent Blueprint.People usually become tenuous when facing uncertainty. As human beings, we become cautious and fearful at different levels. We feel paralized and stop doing the things that we ought to be doing to sustain ourselves through these downturns.That is why we must shift our perspective, so we can help ourselves navigate these strange times. As long as you understand what point of view you must have, you will be able to bring the proper tools, the proper thought process, and the proper mindset to the situation that you're facing.In this episode we take cues and guidance from Warren Buffett’s (arguably one of the best investors of all time) most recent shareholders letter. Then I help you see how they apply directly to you on your financial journey.Today, our conversation includes:What type of mentality you must have when facing uncertain times.Warren Buffet and his perspective on the changes of the market. The importance of long term investments.The importance of saving cash for the future.The two aspects of having cash that you can use for the future.Warren's Buffett philosophy on business.Resources mentioned: Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence) - https://melabraham.com/wp-content/uploads/TAE-051-The-Affluence-Blueprint-Framework.pdf Ready to build a solid financial foundation?Join the 7 Day Money Plan Workshop:  TheMoneyPlanWorkshop.comConnect 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/

The tax man is coming and there's nowhere to run or hide...BUT there's no need to overpay. You still have time to do something to set you up for a better tax situation before the filing deadline. What You'll Get In This Episode:Why everything you get is taxable and nothing is deductibleKey deductions you can still take nowHow to make sure that the tax code is working for you instead of against youWhat should you be doing now★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money Stories - https://youtu.be/QOPFrUtUaGo★ OTHER RESOURCES ★7 Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comMy website https://melabraham.com/Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabraham.com/book/Find me on Facebook https://www.facebook.com/melhabraham/Find me on Instagram https://www.instagram.com/melabraham9/Find me on LinkedIn https://www.linkedin.com/in/melhabraham/Find me on Twitter https://twitter.com/MelHAbFind me on YouTube http://www.youtube.com/user/MelHAbraham 

Get ready to welcome one of my very first guests to the show, Bobby Goodwin, who was part of my “money plan workshop”. Today we’re discussing how this workshop helped him get on his journey to financial freedom.You’ll hear about how he turned the tables and grabbed ahold of his financial ship, little by little, by creating a plan, tackling debt, and starting to work on creating wealth.Bobby is sharing all the steps he took to go from his “drowning point” to his “breakthrough point”. As Bobby, the steps you take don’t have to be big, because small steps become grand overtime and make a real difference in the whole process of your financial journey.Today our conversation includes: What our current financial situation looks likeThe steps towards our financial freedomHow to face debtMaking the best plan to get out of debtThe concept of leapfrog funding, and we take some of our income to make different paymentsResources mentioned:Episode 040 Getting Out of Debt the Affluence Way:  https://podcasts.apple.com/us/podcast/040-getting-out-of-debt-the-affluence-way/id955356128?i=1000545517792Ready to set a solid financial foundation?Join the 7 Day Money Plan Workshop:  TheMoneyPlanWorkshop.comConnect with me:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok:https://www.tiktok.com/@melhabraham Connect with Bobby Goodwin:Website: https://www.cosmicrecode.com/homeFacebook:  https://www.facebook.com/thebobbyagoodwin Check out my book:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” - melabraham.com/book/

Today I’m talking about one of the most important numbers to track on your road to financial freedom. We’ll discuss your Net Worth, how to track it, and build your road to financial freedom by setting different milestones that guide  your steps towards your goal, which, in the end, is to create the money machine that will help you lead an affluent lifestyle. Yep, your Net Worth…but a special kind of Net Worth.Now, it's important to know the impact your Net Worth has on your journey to financial freedom, and how it can be achieved differently from person to person. Not all Net Worth is created equal, but a first step is to figure out what you own and what you owe.These are some core concepts that I will discuss further on the episode, and, hopefully, the answer will help you set the milestones that will guide you towards financial freedom.Today, our conversation includes:What's the difference between what you own and what you owe, and how does it affect your net worth? What is “Money Momentum” and how does it work? What is the money machine in our affluent blueprint Importance of tracking your Net Worth while you’re  building your money machineWhat's an asset versus what is an investable asset. Resources mentioned: The Affluence Cash Flow Matrix ™ https://melabraham.com/wp-content/uploads/TAE-054-Affluence-Cash-Flow-Matrix-copy.pdf Episode 9: “Why assets are vital to your financial freedom”Episode 24: “What to do with your cash”Ready to set a solid financial foundation?Register for a 7 Day Money Plan Workshop: TheMoneyPlanWorkshop.comConnect with me:Website: MelAbraham.comYouTube - MelAbraham.com/tube/ Instagram (melabraham9) - MelAbraham.com/ig/

If you want to optimize your investment strategy, this episode is for you. I'm talking all about Target Date Index Funds, and why, over time, they’re a good option for investment compared to investing just in one single stock. But also what the pitfalls are with them and when the best time to use them is. Remember that the goal is always to protect your assets and portfolio.For some background, with Target Date Index Funds you invest based on your risk profile and your risk capacity. Then you create an asset allocation and asset diversification profile based on the risk that is appropriate for your situation, and, as time goes by you will look to  minimize the risk of losing value of your investments.Today, our conversation includes: Why a Target Date Index Fund is a good investment over time.How can you achieve the affluent lifestyle that you’re looking for over time.What is a glide path and how you can rebalance your portfolio to avoid losing value.Why having a structured portfolio can increase the value of your investment over time.Resources mentioned:The Vanguard Target Funds Glide PAth Graphic: https://melabraham.com/wp-content/uploads/TAE-053-Vanguard-Glide-Path.pdf  Episode 24 “What to do with your cash”Episode 25 “How to invest in Index Funds”Download The Affluence Blueprint ™  Graphic (Three Pillars of Affluence): https://melabraham.com/wp-content/uploads/TAE-051-The-Affluence-Blueprint-Framework.pdf Ready to set a solid financial foundation?:Register for a 7 Day Money Plan Challenge:  https://www.melabrahamtraining.com/money-plan-challenge 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” -