What does it take to go from struggling to clothe your children to a million, half dollar business? Well, in this episode, the Affluent Entrepreneur Show, we're gonna have a conversation. With a friend Josh codes, we're gonna have a conversation because this guy, his story is incredible. He was struggling financially. He had a newborn that needed heart surgery and the ahas, the enlightening moments and the journey to wealth, the journey to entrepreneurship and how he did is in this show. So I look forward to seeing you in the episode, check it out. This one's a big one. Cheers!What You'll Get In This Episode:- Why working harder isn't the answer to a richer life. - Why every decision is an investment- How to face your demons- Breaking the cycle of bad money habits

If you’re new here, it’s a pleasure to meet you! My name is Mel Abraham, and I want to help you change your life, to create a future that you can be proud of, and have the freedom to spend time with the ones you love. I'm here to help you navigate the sea of financial uncertainty and help get the calm that you need to find peace. Starting the journey towards financial freedom is not easy. There are obstacles that you will face, conversations that you’ll need to have with your family about money, and where you all want to go to achieve the financial freedom that you deserve. I'm here to help you realize that we don't want wealth just for the sake of it, but we want the time that wealth can give us because what makes us rich is not the money that we have in our accounts, it is the positive impact we have with the people around us. Today our conversation includes:What is the reason for my podcast? Why is financial freedom so important? The best episodes to get you started in this affluence journey.What does it mean to be affluent?Episodes to get you started: Ep 8: Understanding The Number For Wealth CreationEp 19: Creating Your Money MachineEp 24: What To Do With Your CashEp 25: How To Invest In Index Funds Or ETFsEp 40: Getting Out Of Debt The Affluent WayReady 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/ 

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/ 

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” -

The market has been quite volatile at the time of this recording. We need to learn how to handle these current circumstances because we can't afford to stop living in the midst of this financial uncertainty, when we're experiencing inflation and facing the risk of interest rates rising, among other risks.In this episode, we talk about the most common mistakes that individual investors - or retail investors - make when investing, which causes them to lose money, to lose their wealth, and sometimes even obliterate their accounts.Then, I will also give you some strategies that will be part of your game plan, as you go forward in this roller coaster ride of a market to try and keep you a little safer.In this episode you’ll learn:What to do  before getting into the investing game.How to avoid making investments that don’t move you closer to financial independence.What causes most people to make bad money decisions. The biggest risk in investing in today’s social media world..How to make sure you only make informed investment decisions. Why time matters to your investment choices. Why financial advisors, family and friends can be your worst source of information. If you want to start improving your money game, I have some free resource to help you out with healing your money stories. Also, they can help you take control for your financial future, and your investing decisions. Episodes that will help you heal your money stories: Episode #6: How to Overcome Your Money StoryEpisode #13: Expanding Your Money Mind Episode #21: Shift Your Relationship With MoneyReady to set a solid financial foundation?Register for a FREE 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 - 

Today, I discuss how to achieve financial liberation, which shouldn’t be confused with financial freedom. The key difference between the two, is that liberation is a journey and a path. It's a process of getting there. Whereas freedom is a state of being it's something of a destination.I specifically use the term “liberation” because when we look at the definition, we see a unique characteristic that informs the way we approach affluence. When looking at the definition, we see that liberty requires power. The power to affect personal progress, to change one's circumstances for the better.If we truly want to find financial liberation, if we truly want to find freedom, we must leverage our personal power to stop living the life of a “treadmill” entrepreneur, and look to find the life of an affluent entrepreneur. And that's what this episode covers today.Today, our conversation includes:How can you achieve financial liberation?The concept of treadmill entrepreneur and how you can avoid burnout by stepping into affluence.The three outcomes of an affluent entrepreneur: a richer lifestyle, a deeper impact, and complete freedom, which includes financial freedom, time freedom, and mind freedom.The three pillars of reaching an affluent life (generate, accumulate, and protect).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 set a solid financial foundation?Register for a FREE 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” - melabraham.com/book/

This week, I am honored to welcome the amazing Amber McCue to the show. She is a proud and loving mom to three girls, who went from single mother at the age of 18 to owning two thriving companies that she runs from anywhere in the world.  We delve into how Amber managed to reach financial freedom and scale her businesses without neglecting one of her core values: family. We also go through Amber's journey of becoming a Modern CEO, her love for creating freer entrepreneurs who have time to enjoy life, and how she managed to triple the size of her business in less than three years.   What You Will Learn In This Episode: - Amber's scaling journey and the priorities she established before deciding what kind of business she would build - Growth is positive but it comes with a cost attached to it that we must be ready for - How Amber managed to merge her business vision with the lifestyle she desired for her and her family - The adjustments of Amber's WHY throughout the years As we start growing our business, just like when we start developing our muscles at the gym, we feel soreness and it's part of the process. Growing a business means going to places we haven't been before. It's normal to experience uncertainty and fear, but it is our job, as leaders, to paint the vision, streamline our teams’ path, and give them the tools they need along the way. Resources: - Amber McCue website: https://ambermccue.com/  - Right on Time Podcast: https://podcasts.apple.com/us/podcast/right-on-time-podcast/id1228232283  - Amber McCue Instagram: https://www.instagram.com/ambermccue/  - Amber McCue Facebook: https://www.facebook.com/ambermccueco/  - Amber McCue Twitter: https://twitter.com/ambermccue  - Amber McCue Pinterest: https://ar.pinterest.com/niceops/  - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - Find me on Facebook http

If you are struggling to get your content seen, or to make your audience go through all of it, or to make enough sales with it, this episode is perfect for you.  Joining me today is Brandon Lucero, an online marketing expert, serial entrepreneur, father of three, and host of the New Generation Entrepreneur Podcast. We had a fantastic conversation about one of Brandon's specialties, messaging. We delve into the communication problems most online entrepreneurs have, how to differentiate ourselves in the stacked online market, and the importance of being specific when putting our message out there.  What You Will Learn In This Episode: - How Brandon became a YouTube expert and why he buried that business even though he was making $500k a year - Why being specific and talking to a small audience is way more effective than being louder and communicating with zillions of people - The power of describing specific pains and mistakes to our audience - Why telling people to stop doing something they think is good for their business can be more valuable than teaching them something new Having the experience and the knowledge won't guarantee us we'll get heard, seen, or followed. But showcasing our mastery through specific examples, making a statement, and backing it up with counterexamples will. The moment an audience gets in touch with a message that describes their struggles, pains and mistakes, they assume the person behind that message went through what they are going through, and therefore has a solution.  Resources: - Master Your Messaging - Free 3-Day Live Experience: www.melabraham.com/messaging  Brandon Lucero website: https://brandonlucero.com/  - Instagram: https://www.instagram.com/iambrandonlucero/  - Facebook: https://www.facebook.com/iambrandonlucero/  - YouTube: https://www.youtube.com/c/BrandonLucero1  - New Generation Entrepreneur Podcast: https://brandonlucero.com/#podcast  - The Digital Income Paradigm™ Framework  https://melabraham.com/wp-content/uploads/TAE-010-The-Digital-Income-Paradigm%E2%84%A2.pdf - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 7-Day Money Plan Challenge: 

In this episode, we will talk about one of the best ways to generate income, and one of the three pillars of becoming an affluent entrepreneur, called the Generate pillar. I'll share why I prefer digital business to generate revenue, and I'll take you through the three essential elements of The Digital Income Paradigm™ and how they work. What You Will Learn In This Episode: - The three critical outcomes of the affluent entrepreneur  - The elements needed to become an affluent entrepreneur and what is the Generate pillar - The different ways to generate income, and the relationship between the value we provide and the price we ask for our product - The three elements of The Digital Income Paradigm™ Framework to create a digital business Regardless of the expertise we have, the beauty of the digital space is that we can record a course with several lessons and sell it online. It will provide value and teach people without our presence being required, and most importantly, it will generate income while we sleep.  Resources: - The Digital Income Paradigm™ Framework  https://melabraham.com/wp-content/uploads/TAE-010-The-Digital-Income-Paradigm%E2%84%A2.pdf - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 7-Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

As we are going through what specialists call the Great Resignation, where employees are leaving their jobs for political, financial or even philosophical reasons, the entrepreneurial journey just became a little bit more complicated. Without a committed and reliable workforce, it is impossible to grow and scale our business. So, in this episode, we will learn how to attract, retain and reward our employees in the right way, avoid mass resignation and create a compelling work environment.  What You Will Learn In This Episode: - Some of the leading causes why people are either leaving their jobs or refusing to return to office - The five levels of wellness, the benefits of raising them and how those benefits translate into the company's results - Why implementing Employee Benefits 2.0 is a good idea and the four levels in which this would affect our company - How the "industrial age thought process" affects modern companies and why it is not effective anymore Until not so long ago, companies thought that taking care of employees' mental and physical health was enough to keep them happy and motivated in their jobs. Nowadays, to decide where they want to work, employees also consider professional, relational and financial dimensions of wellness. Taking care of our employees' all five dimensions of wellness will increase our attraction and retention rates, productivity and the quality of the work produced.  Resources: - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

The path to an affluent life is composed of stages. The faster we identify and learn about the stage we are at on our journey toward affluence, the quicker we can start doing the things we need to do to live a richer lifestyle, impact those around us, and reach financial and complete freedom. So, in this episode, we will talk about the six phases of affluence. We will go through a framework that will help us understand the stage we are at currently, and how to get to the next one. What You Will Learn In This Episode: - The three outcomes we can expect from living an affluent life - How to build an unshakable foundation, and why this is crucial on our journey toward affluence - How powerful planning can help us map out our vision before we start moving towards it - The differences between methodical and deliberate execution - The true meaning of building a loving legacy and its connection with generous affluence Our financial journey is a continuum. We are constantly moving through it, and instead of judging, ridiculing or lamenting our progress, we must concentrate our efforts on moving from where we are to where we want to be.  If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

If you have problems selling or feel like you sound salesy or manipulative, this episode is perfect for you. Joining me today is Colin Boyd, an international speaker, podcast host, and business mentor, but most importantly, an authority on influence, persuasion, and communication.  We talk about the secrets of becoming a successful salesperson, multiplying our conversion rate, and reaching financial independence without hurting our integrity. We explore the importance of authenticity in sales, how to profit from our expertise, and why we should treat a sale as a sacred place for transformation. What You Will Learn In This Episode: - Colin's journey from establishing himself as a paid speaker to an expert salesman - Communicating our message in a way that resonates with our audience is all we need to generate sales - When a sale is about transforming someone's life, it becomes a service - The Three Levels of Conviction that turn any offer into a successful offer - The importance of how we show up and how it ultimately affects the outcome of our sales pitch Before the live presentation that changed his life, Colin had one client in his coaching business who was paying him every other month. Still, Colin was convinced he could significantly impact people's lives with his approach to business and sales.  He believed in what he had to offer, and that was his mindset when he spoke for free in front of 137 people. He left the place with the personal information of 125 people and over ten full-time coaching clients. He established himself as a coach and paid speaker from one successful presentation, but that was just the beginning of his journey.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Colin Boyd website: https://colinboyd.co/  - The Expert Edge podcast: https://www.expertedgepodcast.com/  - Persuasive Content Builder: https://www.click.colinboyd.co/persuasive-content-builder-optin  - Sell From Stage Academy: https://boydtraining.mykajabi.com/SSA-Waitlist  - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - My website https://melabraham.com/ - Book: Mel H. Abraham - The Entrepreneur's So

This episode is pure gold and you’re going to enjoy it as much as I did recording it. I'm joined by Stacy Tuschl, a brilliant entrepreneur and dear friend who built multiple six and seven-figure businesses while being a loving wife and mom of two beautiful daughters. Stacy is the author of "The Implementation Code: Unlock the Secret of Getting it All Done" and the host of The Foot Traffic Podcast.  We had a fantastic conversation about Stacy's journey, how she uses her values to hire, retain, celebrate and even let go of team members. Stacy talked about her fears and doubts when she started her business, how she learned to delegate and how important that was for her success. We also talk about the importance of picking a suitable model for our business, creating our teams' identity and showing them what winning looks like.  What You Will Learn In This Episode: - Who Stacy Tuschl is, how she started her business, and what values she built her business on - The three questions every entrepreneur must have a clear answer for before starting their business - What Stacy's core values are and how she uses them to set the pace of her business - According to Stacy, what the right time to hire or fire a team member is - How important it is to create repeatable systems and how we can use them to create great collaborators, save time and money For many years, Stacy was a busy solopreneur. She was the primary teacher of her music school, she would spend long hours at work and experience burnout and exhaustion. Although she didn't have kids at the time, she realized it was impossible to maintain that lifestyle if she wanted to be a mom. She wanted to be a successful entrepreneur and a great mom, so she learned about the importance of delegating in order to free up time and space for her to be in her zone of genius. Learning to be a master delegator was just the first step of her successful path in entrepreneurship.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Stacy Tuschl website: https://stacytuschl.com/  - The Foot Traffic Podcast: https://stacytuschl.com/podcast/  - Book: Stacy Tuschl - The Implementation Code: Unlock the Secret to Getting It All Done: https://www.amazon.com/Implementation-Code-Unlock-Secret-Getting-ebook/dp/B08DNYXCPJ - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge

At the beginning of the pandemic, a thick layer of uncertainty was hovering over the market. People panicked and, just in case, pulled their money out. By March of 2020, we saw a decline of 30% in the market. Although for a short bit I freaked out, as I've been through similar situations before, I managed to check my emotions and not let them interfere in my money decisions.   In this episode, we will learn how to let our emotions out of our decisions around money, wealth creation and investing. We will go through the concepts of money emotion roller coaster and emotional spiral, so we can recognize their patterns and avoid them. We will also talk about wealth creation, playing the investing game with a long-term mindset and turning our money into our 24/7 employees.  What You Will Learn In This Episode: - Why looking too close at the stock market might make us lose perspective on what is going on - What happens when we let our emotions interfere in our money decisions - How the money emotion roller coaster works, from feeling infallible to despair and starting it over again  - How to leave our emotions out of our financial decisions - What the emotional spiral is and how we can avoid falling into it - The two ways of going into the market One of the advantages of being older is that, unlike many people, I've been through times of high interest, inflation, corrections and recessions, so I know what to expect. I know first-hand the emotions that these events can generate. But most importantly, I've learned that the best way to make emotion-free money decisions is to have a process and a system designed to help us reach our goals and our custom version of financial freedom.   ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

At the end of every year, I look back at what happened in my personal and professional life, and see what I've learned from it. It is a great exercise to stimulate constant growth and evolution. So, in this episode, I'll go through the 10 lessons I learned in the last 12 months.  This is also an invitation for you to do the same, to check on what happened in your life in the last year, look at the things that worked, the things that didn't, and reflect on what you need to change in your life to get where you want to go and create a fulfilling life that outlives you.  What You Will Learn In This Episode: - Why we need to celebrate micro-successes - How focusing too much on the achievements makes us forget about the progress  - The future is where your WHY is - Taking setbacks and mistakes as opportunities to grow and evolve - What is the only currency in which we should measure our wealth - When is the right time to start investing, and why we should go from lifestyle to income and not the other way round Looking back at what 2021 left us is an excellent strategy to turn 2022 into a breakthrough year for our business and personal life. The best thing we can do is take notes of what we've learned so far, and use that as the stepping stone to keep building our legacy.  Let's make a conscious effort to get to the next level in 2022. You are not alone - I'm here, and we have an entire community of affluent entrepreneurs to support you. Cheers!  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - FREE Money Plan Workshop  http://www.themoneyplanworkshop.com - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

A question that arises very often and that most people get wrong is - how much should I charge for my services?  Many of us come from a commoditized industry, where we tend to swap hours for dollars, but as time is finite, that model is not scalable. So in this episode, we’ll figure out how to price our services without falling into a commodity-based conversation. We'll learn about the two sides and three main components of pricing, the four pricing levels, how to frame our services in an ROI vs. COI structure, and more.  What You Will Learn In This Episode: - Why we tend to see that raising our pricing impacts our customers, and how we can change that mentality - How value and affordability should affect our pricing - The roles of problem-solving, position and expression in building the price we charge for our services - How we can use the must-haves, the nice-to-haves, and the don't-needs to establish our pricing - What the four levels of pricing are - Framing our services in an ROI versus COI structure and why we must have value-based conversations to establish our pricing What gets commonly forgotten when we are determining the price of our services is how it impacts our lifestyle. Although unique and entirely subjective, it is definitely a variable to consider. For instance, spending long days away from the family should be considered when determining how much our services will cost.  A simple yet effective formula I can suggest is:  Hard Costs + Desired Margin + Lifestyle Impact = Our pricing.  If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - FREE Money Plan Workshop  http://www.themoneyplanworkshop.com - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

Today, we talk about getting out of debt the Affluent Way. Here's the thing, debt not only slows us down on our journey of getting financial independence, but it also adds tons of pressure and unnecessary stress to our lives.  In this episode, we'll make a difference between a destructive and productive debt, the use and misuse of credit cards, the impact of social media on our shopping decisions, and we’ll also discuss emotional debt. I’ll share my take on Dave Ramsey's snowball and avalanche method to eliminate debt and much more.  What You Will Learn In This Episode: - Why entrepreneurs deal with debt differently from everybody else - Why we need to avoid playing the payment game - What destructive debt is and how does differentiates from productive debt - What it means that all debt costs and why it’s never a good idea to sell future to buy present  - What the ‘screw it spending’ is and how to avoid it - The differences between Dave Ramsey's debt elimination method and the Affluent way to eliminate debt The main difference between wage earners and entrepreneurs is that wage earners can increase their income through salary raises, whereas entrepreneurs can affect both their income and manage their expenses.  Affluent entrepreneurs face debt on two fronts - they work on reducing it, and at the same time they focus on their wealth creation. This twofold approach might slow them down a bit on their debt reduction journey, but will accelerate their investing game, getting them closer to financial independence.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

In this episode, we will learn why goal setting is useless and why so many never achieve their goals..and what to do instead.  As the end of the year gets closer, it is inevitable to start thinking about the things we want to achieve in 2022. But in this episode, we will forget about goal-setting and focus on goal-getting. I will take you through a really cool framework, the Goal-Getting Triad™. We will walk through each of its parts, the right mindset to approach it, and understand what we must have in place to make it work. What You Will Learn In This Episode: - Why goal-setting without a strategy is doomed to fail - The difference between making little progress and making a bunch of resolutions - Why our emotions are crucial to achieving goals - The three things that stand in the way between our goals and us - What the Goal-Getting Triad™ framework is - The principles of the Goal-Getting Triad™ framework and how to put it in practice Emotions are the perfect fuel for every plan. When we are emotionally attached to an outcome, it is unlikely that we will talk ourselves out of it. If we add personal growth to that emotional outcome, and consistently put our efforts into accomplishing that goal, that becomes who we are. Connecting and aligning that perseverance with the personal growth we are after, becomes our doing. Lastly, having that perseverance and practice in place becomes what we have. And that is my version of the Be, Do, Have model. ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Goal-Getting Triad™ https://melabraham.com/wp-content/uploads/TAE-039-The-Goal-Getting-Triad-.pdf - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

This week, we're going to talk about taxes, but in an exciting way: we're going to learn how to reduce them and put more money in our pockets. I'll share with you ten different ideas to pay fewer taxes. We'll talk about reviewing our incomes, expenses and withholdings. We will look at the triple-tax advantage of Health Savings Accounts and learn how to max out our retirement account. We also explore the tax reductions from donations and charitable legacies, loss harvesting, the Roth IRA conversion and more.  What You Will Learn In This Episode: - When reviewing our income, expenses, withholdings and estimates, what we need to look at to help us reduce taxes - How we can max out our retirement account, whether we have an IRA or 401k - What is the triple-tax advantage of Health Savings Accounts - How donations can help us reduce taxes, what it means to bundle our donations and charitable legacies are - What loss harvesting is and how we can reduce taxes through it - What is a Roth IRA conversion These tax moves are really helpful to reduce our taxes and leave more money in our pockets, but some of them need to be done before this year is over. So, if you feel like some of these tips make sense, talk to your tax advisor and make them happen. Yes, we all must pay taxes, but we are not obligated to overpay them, so we have the right to use every legal deduction available.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

My guest today is slightly different from the ones I had in earlier episodes, but  he is just as impressive and inspiring. Brad Long is a Zero Debt Coach, specializing in helping 5 and 6 figure corporate burnouts abandon their 9 to 5 jobs, organizing and optimizing their finances, erasing their debts and helping them build the path toward financial independence.  Brad and I had an Affluent Entrepreneur money conversation. We went through Brad's journey from being $170k in debt to financial liberation. We also talked about the moment he decided to become an online entrepreneur, his passion for teaching others what he learned from his mistakes, and the programs he's currently running to add value to as many lives as he can.  What You Will Learn In This Episode: - How Brad became a Zero Debt Coach and what kind of help he provides  - How important it was for Brad to be on the same page with his wife when planning their financial future - What was Brad's relationship with money growing up - Why it is crucial to have not only an escape route from corporate America but also a financial game plan for the long run - What money and financial independence mean to Brad After a series of bad financial decisions, coming in and out from corporate America while trying to become a musician, Brad was buried under a $170k debt. After eliminating his debt, now a married man with serious financial goals, Brad realized that if he stayed in his corporate job, he would be able to reach the goal he and his wife planned, saving and investing $1 million. Still, when they were halfway through, there was only one problem: he realized that if he kept on that path, he'd lose his sanity. It was time to make the leap of faith into entrepreneurship.  Resources: - Zero Debt Coach website: https://www.zerodebtcoach.com/  - Zero Debt Coach YouTube channel: https://www.youtube.com/channel/UCsdZE9tynhAgGd9cl_FE95A   - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

In today's episode, we talk about one of the most overlooked aspects of having a richer lifestyle: living a fulfilled life. As we are in the week of Thanksgiving here in America, and it's the moment of the year when most people take a step back and feel grateful, I thought the timing was right to introduce a new framework, The Gratitude Grid™.  Gratitude is a huge part of affluent life, and it is almost impossible to have a meaningful, impactful life without it. So today, we will go through The Gratitude Grid™, a weekly practice that turns into a daily routine. We will also go through The Gratitude Game Plan™, a habit to create a cycle of appreciation and positivity around us.  What You Will Learn In This Episode: - The effects of not practicing gratitude, how it can affect our business, our relationships and our lives in general - What happens when we bring up the energy of gratitude into our lives - The three core principles of practicing gratitude - The three categories from the internal perspective of gratitude - What activities we need to put into play to practice gratitude - What is The Gratitude Game Plan™ 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.  Resources:  - The Gratitude Grid™ and The Gratitude Game Plan™ https://melabraham.com/wp-content/uploads/TAE-036-Gratitude-Grid-Game-Plan.pdf  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - Find me on Facebook https://www.facebook.com/melhabraham/ - Find me on Instagram https://www.instagram.com/melabraham9/

I feel I have a lot in common with today's guest Jess Glazer. She is an affluent entrepreneur; she loves life profoundly, works hard to create a long-lasting legacy, and at some point, when her life was on the line, she had to ask herself: how much is enough? Jess Glazer is a Business Mentor, Speaker, Founder of Digital Business Evolution, CEO of Jess Glazer, LLC, and a Certified PE and Fitness Instructor.  In this episode, we go through her inspiring and incredible journey from school teacher to multi-million dollar entrepreneur. She shares her life-changing experiences of listening to a podcast and knowing she was "living her worst-case scenario", the health issues caused by being a treadmill entrepreneur, and much  more.  What You Will Learn In This Episode: - How Jess Glazer ended up living full-time in an RV with her husband as digital nomads - How a worst-case scenario life looks like - How hard it was for her the transition from an established job into entrepreneurship - What money and financial independence mean to Jess Jess left her job as a teacher because she wasn't happy and being a teacher wasn't an idea she had in the first place. She realized she was living a life designed for her, not by her. But once she took the leap of faith, she had one rule that she would do only what made her happy. She didn't change a job for another, she left her career for a job she loves doing.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Jess Glazer website: https://www.jessglazer.com/  - Jess Glazer Instagram: https://www.instagram.com/jess.glazer/  - Jess Glazer LinkedIn: https://www.linkedin.com/in/jess-glazer-9b4494200/  - Chris Harder podcast: https://chrisharder.me/podcast / - Book: Bronnie Ware - Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing: https://amzn.to/30lnfgI   - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - My website https://melabraham.com/ - Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to

Today, we will take another step into having a richer, more fulfilling lifestyle. We will learn how to build a millionaire mind. As you might already know, I'm the framework guy, so I've put together one called the Five Builds of A Millionaire Mind™, and I'm thrilled to share it with you. We will unravel each of these five builds, so you know what you need to change, encourage and eliminate from your daily routine to build a millionaire's mindset.  What You Will Learn In This Episode: - Why you need to know where is the finish line of the race you are running - How being in constant evolution and acquiring knowledge helps you make informed decisions - How to identify the habits that are stopping you from going forward - Why you should build resilience, and the two parts of building resilience - The best reasons for putting efforts into creating affluence Building a millionaire mind is about creating a solid foundation for your financial destiny. In the Five Builds of A Millionaire Mind™ framework, we focus first on setting a clear goal. Then we make sure we learn and grow every day, and we remove from our lives the unproductive habits. We also learn to avoid judging ourselves for our mistakes and to learn from them. To build a millionaire mindset, we must also be resilient and our primary goal should be to create a life that outlives us.  ​​If you find this episode inspiring, take a screenshot of you listening on your device, post it to your Instagram Stories and tag me @melabraham9. Thank you! Resources: - Five Builds of a Millionaire Mind™ https://melabraham.com/wp-content/uploads/TAE-34-5-Builds-of-a-Millionaire-Mind.pdf - Book: Bonnie Ware - Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing: https://amzn.to/3ENooNi - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

This week, I've prepared another Q&A episode with some of the questions that came in on money, finances and wealth. The reason I'm doing this is to remind you this show was created for you, by you and with you. Hearing from you and clearing any doubt you might have is the most critical part of the show, it is about me turning into a money mentor in your back pocket. We will go through some doubts on real estate, retirement accounts, investment decisions, and much more.  What You Will Learn In This Episode: - Is it a good idea to refinance a home and take out cash to invest? - The psychological impact of debt and why no one talks about it - Is it a good idea to leave your money in an old employer's 401k account? - Does it make sense to contribute to an IRA? - What to investing in if we have only $1,000 to $10,000 to start If we ask for money advice from the wrong person, they might give us false information and we could end up putting together a money plan that makes no sense at all. If you have any doubts, send them to me on any social media channel. We will send you in the right direction and you will soon be rocking and rolling, making the right decisions around money, around future, and creating a life that outlives you.  Resources mentioned: - Britt Seva website: https://brittseva.com/  - Mel Abraham Debt Breakthrough Calculator: https://www.melabrahamtraining.com/lm-debt-breakthrough-calculator  - Mel Abraham 7 Day Money Plan Challenge: https://www.melabrahamtraining.com/money-plan-challenge  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

It’s such a blessing to welcome to the show not only a great mom, loving wife, podcast host, business coach and outstanding entrepreneur, but also a dear soul, Alison Prince. She went from high school teacher eligible for government assistance to a multi-million dollar entrepreneur in a couple of years. Throughout her entrepreneurial journey, she and her family donated over a million dollars to charity and helped more than 8,000 families through Hope International's microfinancing programs.  In this episode, Alison shares her unique and fascinating story of how she discovered that the "go to college, get a degree, and you'll have financial security" story wasn't her best choice. We go through her first steps selling products online, the unexpected but inspiring growth of her business, the money conversations within her household, her children's education around money, and much more.  What You Will Learn In This Episode: - Who Alison Prince is and how she helps people realize their entrepreneurial dreams - The critical element that helped Alison succeed in e-commerce from day one - The roles of Alison's family in the success of her business - How Alison's daughters built a six-figure business before they even stepped foot into high school  Conversations about money are common in Alison's household, and not only about money but also about the idea that every one of them is contributing to the main cause. She and her husband instill in their children that finances don't necessarily have to control every decision in their lives - they teach them about the value of things and time. Alison believes that her job is to figure out how to make money, so it can be used to help others and alleviate the burden of those in need.  Resources: - JOIN MY 3-PART LIVE FREE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com - Alison J Prince website: https://www.alisonjprince.com/  - Because I Can Life podcast: https://www.alisonjprince.com/podcast/  - Alison J Prince YouTube channel: https://www.youtube.com/channel/UCIRyTXZMYxyyhB8VTpthLpw?view_as=subscriber  - Alison J Prince Instagram: https://www.instagram.com/alisonjprince/  - Alison J Prince LinkedIn: https://www.linkedin.com/in/alisonjprince/  - Hope International: https://www.hopeinternational.org/  - Affluent Entrepreneurs Private Facebook Group 

I hope you are ready for today's episode, because it is going to touch your soul. Joining me is Amberly Lago, a best-selling author, TEDx and keynote speaker, podcast host, and peak performance coach. 11 years ago, Amberly was a celebrity fitness trainer sponsored by Nike, living a great life when one day, coming back home on her motorcycle, a SUV truck hit her, flipping her life upside down. Amberly had 1% chance of saving her leg from amputation. After 34 surgeries and a medical bill of almost $3 million, she discovered that all that was just the first part of her journey.  In this episode, Amberly shares her incredible story of resilience, badassery, courage and love for life. We go through her extensive recovery journey, the different stages she went through, and the financial lessons she learned after the accident, finding herself and her husband forced to deal with a medical bill of almost $3 million.  What You Will Learn In This Episode: - How Amberlyćs life was before and after the accident - How focusing on the 1% and the things she CAN do helped Amberly navigate her recovery in a better position - One of the biggest financial lessons the accident taught Amberly and her husband - Why having money conversations with our partners is so important, and how they can save us tons of money and headaches Although dealing with more than 30 surgeries was hard, the most challenging part for Amberly started when she got home in a wheelchair and asked herself - what do I do now? She was the family's main breadwinner, her personal brand the business, and her body the tool. It took all her courage and resilience, but things started to get on track when she channeled all her energies on the things she could do and ignored all the rest.  Resources: - JOIN MY 3-PART LIVE FREE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com - Amberly Lago's website: https://amberlylago.com/  - True Grit and Grace Podcast: https://amberlylago.com/podcast/  - Book: Amberly Lago - True Grit and Grace: Turning Tragedy into Triumph: https://www.amazon.com/dp/1733809007  - Amberly Lago Instagram: https://www.instagram.com/amberlylagomotivation/  - Amberly Lago LinkedIn: https://www.linkedin.com/in/amberlylago/ - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - My website https://melabraham.com/ - Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Pat

Today, I will answer a question I get asked a lot - what kind of entity is the best for my company? Considering laws can be very different depending on where you are based, and each personal situation is different. We will go through the various structures you can pick for your business and your assets. We will look at each structure's pros and cons, tax structures, and everything you must know to protect your business, family and legacy.  What You Will Learn In This Episode: - How picking the correct entity for our company can protect us from expensive lawsuits - Why it is essential to legally separate ourselves and our assets from our company and its assets - The pros and cons of Sole Proprietorship - The differences between a C-corp and an S-corp - What Limited Liability Companies (LLC) are and the difference in taxes between them and C- or S-Corps - How we can reduce the self-employment tax When choosing an entity for our company, we provide it with a skeleton, a structure to protect our assets and the business assets. We use the same logic we use with accounts to register our company, separating personal from business. It also gives the company a legal form, and most importantly, a tax structure that will help us avoid unpleasant surprises with the IRS.  Resources: - JOIN MY 3-PART LIVE FREE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com - The Business Entity Cheat Sheet https://melabraham.com/wp-content/uploads/TAE-030-Business-Entity-Cheatsheet.pdf - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

I’m excited about today’s episode, because we will go through the next step after establishing our Wealth Priority Ladder™. In this show, I will take you through the six types of accounts you can choose to have on your wealth path, and I will also share a four-step system to start funding those accounts. We will look closely at each of the six accounts, pros and cons of each, and how to use them in the smartest way.   What You Will Learn In This Episode: - What is the account jumble, and which three criteria we must use to choose what kind of account we'll get - Why we must keep our business from our personal accounts separated - My three rules with high-yield cash accounts - The benefits of having 401k and HSA accounts One of the first steps on our journey to an affluent life is to separate accounts. Every dollar that comes in must know its purpose, and as soon as we get it we must put it to work for us. This task distribution becomes much easier when we have multiple accounts, each one of them taking care of different aspects of our lives and our business.  Resources: - JOIN MY 3-PART LIVE FREE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com - Affluent Entrepreneur Show Ep 024: What To Do With Your Cash https://melabraham.com/024-what-to-do-with-your-cash/  - The Wealth Priority Ladder™ https://melabraham.com/wp-content/uploads/TAE-023-Wealth-Priority-Ladder.pdf  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube

Last August 2nd, Emily Ray, my first granddaughter, promoted me to the happiest man on earth. That got me thinking about the future, and coincidently, a soon-to-be mom I've met on a mastermind asked me what advice would I give, if any, to future parents. So I've decided to make this episode about the 10 lessons I would give to new parents about finances, and the best way of taking care of their children. In addition, I will share my latest framework, The Emily Factor ™.  What You Will Learn In This Episode: - Why we must focus on raising empowered little ones with financial tools to develop a richer lifestyle - The most critical investment we can make in our children - Why transferring skillsets is widely more important than transferring assets - The importance of a piece of mind fund, life insurance, and disability insurance - Why we must learn to have tough conversations - What is The Emily Factor ™, how it works, and how can we put it into practice Understanding that our kids and grandkids came to this world to fulfill their dreams and not ours is perhaps one of the most challenging, yet most beneficial lessons we can ever learn. As long as they are not harming themselves or anyone else, our job as parents and grandparents is to support them and give them the tools and the help they need to accomplish their goals.  Resources: - JOIN MY 3-PART LIVE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham

On September 2, I turned sixty. I added a new decade to my story, which got me thinking, what are the lessons I've learned in the last six decades? Today I want to share with you the 10 lessons I've learned on my journey of living a fulfilling life and as an affluent entrepreneur. We will also talk about the concept of living in a state of disappointment, and we will go through the three principles of living a meaningful life.  What You Will Learn In This Episode: - The difference between being wealthy and living a rich life - The three principles we must have in place as rule #1 for building an affluent life - What is the role of our values in the decisions we make every day, and how that affects our future - Why we must be open about what we do, and why we need to find a purpose in every action we take - What is the role of our habits in the things we create When I look back at my journey, I realize it is not about the challenges I had but about the lessons I got from them. One of the biggest lessons I've learned is that richness comes from the way we use our time, not our dollars. I'd rather measure my wealth in time than in money for a simple reason - money is an unlimited resource while time is finite.  Resource: - The 10 Lessons from 6 Decades™ https://melabraham.com/wp-content/uploads/TAE-27-10-Lessons-in-6-Decades.pdf  - The Money Plan Challenge by Mel Abraham: https://www.melabrahamtraining.com/money-plan-challenge  - Book: Bronnie Ware - Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing: https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/1401956009/  - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - 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.melabrahamtraining.com/TES-Book-Launch-1 - 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/MelHAb - Find me on YouTube http://www.youtube.com/user/MelHAbraham