Building Your Money Machine

Building Wealth in a Recession


Listen Later

I bet by now you’re tired of hearing that more millionaires are created during recessions than at any other time. Personally, this is something that encourages me when I analyze the current state of the economy: when most people see challenges, an entrepreneur sees an opportunity.

That’s why today I want to equip you with the tools you need to fill in the HOW portion of the puzzle. How do you build wealth during a recession? What exactly do you need to do? What is the game plan so you do it the right way?

My goal is to give you tools and principles that have been proven to work so you can be prepared and protected against recession and any other economic hardship. I want to see you live peacefully through this and come out successfully on the other side of uncertainty.

When you understand the basic concepts related to economic downturns, you'll realize that in reality, you have more power than you think and you’ll see where all the opportunities you’ve always heard about are.

If you’re on your path to creating your affluent life, taking your foot off the pedal is not a choice you can afford to make. Not only for your future but for your legacy and the future of those that are coming after you. Let’s do this together!

TODAY WE’RE DISCUSSING:

  • Understanding the basic terms: recession, inflation, bear market, and bull market
  • Reviewing economic cycles and how you can ahead of the market changes
  • How much could sitting on the sidelines may be costing you 
  • How you leverage fear during the recession
  • The importance of community when navigating uncertainty 

Ep 075 How to Avoid Risk in Investing

Ep 040
Getting Out of Debt the Affluence Way

TAKE THE
FINANCIAL LIBERATION ASSESSMENT

  • Take this free assessment to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com  

OTHER RESOURCES:

  • 7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
  • Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/

CONNECT WITH ME:

  • Website: MelAbraham.com
  • YouTube: 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/ 

...more
View all episodesView all episodes
Download on the App Store

Building Your Money MachineBy Mel H Abraham, CPA, CVA, ASA

  • 5
  • 5
  • 5
  • 5
  • 5

5

232 ratings


More shows like Building Your Money Machine

View all
The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,440 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,551 Listeners

Achieve Your Goals with Hal Elrod by Hal Elrod

Achieve Your Goals with Hal Elrod

1,335 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,579 Listeners

The Mind Your Business Podcast by James Wedmore

The Mind Your Business Podcast

1,646 Listeners

Plenty with Kate Northrup by Kate Northrup, Author, Entrepreneur, and Speaker

Plenty with Kate Northrup

661 Listeners

ChooseFI by ChooseFI

ChooseFI

5,139 Listeners

Journey To Launch by Jamila Souffrant

Journey To Launch

1,686 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,081 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

454 Listeners

The Jasmine Star Show by Jasmine Star

The Jasmine Star Show

2,606 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,613 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

202 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

356 Listeners

BigDeal by Codie Sanchez

BigDeal

921 Listeners