By Mel H Abraham, CPA, CVA, ASA
Welcome to 'Building Your Money Machine,' (fka The Affluent Entrepreneur Show) hosted by Mel Abraham, CPA, a renowned financial expert and author of USA Today Bestseller, 'Building Your Money Machi
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The podcast currently has 371 episodes available.
Welcome to another valuable episode of the Building Your Money Machine Show! In today’s episode, I’m diving into a critical topic that I’ve been passionate about for over a decade, but that many still overlook—the importance of having a sufficiently sized emergency fund.
In this episode, I reveal why you should aim for a 9 to 18 months emergency fund. Through my personal experiences and professional insights, I'll show you how to protect your wealth effectively and what could happen if you don’t have this vital safety net in place.
We’ll explore the best places to keep your emergency fund for maximum security and liquidity, such as high yield savings accounts and money market accounts. Plus, I’ll address common misconceptions and why a three to six months fund is just not enough in today's volatile economic environment.
I’ll provide a practical guide on how to start building your emergency fund, from calculating your essential monthly expenses to automating your savings and reassessing your needs regularly.
IN TODAY’S EPISODE, I DISCUSS:
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If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
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ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to the Building Your Money Machine Show! Have you ever wondered where you truly stand financially? In today's episode, we're breaking down the truth behind net worth and what it actually means. No matter where you are financially—whether in the upper, middle, or lower class—this episode is about gaining clarity and understanding what you need to do to move forward.
I delve into what net worth is, how to calculate it, and what the statistics say about different financial classes. More importantly, we discuss how to use this knowledge as a too, not a judgment, to understand your financial health.
No matter where you're starting from, it's all about being in the game and taking the steps to move forward. From tracking your spending to building a comfort fund and investing regularly, I've outlined actionable steps to help you gain control over your financial future.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another eye-opening episode of the Building Your Money Machine Show! Ever get the feeling that your bank is making more money off of you than you're earning from them? Or how about that never-ending cycle of interest and fees that just won't quit? If that's ever crossed your mind, today’s episode is definitely for you.
Today we’re diving into six crucial ways financial institutions can take advantage of you and, more importantly, how you can protect yourself from these common pitfalls. From hidden fees to high-interest debt, promotional offers, conflicts of interest, mortgage traps, and investment fees, we're covering it all.
So, let's get started on how you can keep more of your hard-earned money in your own pockets, working for you and your financial dreams!
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another empowering episode of the Building Your Money Machine Show. Today, we're transforming your perspective on wealth-building by focusing on the power of tiny, realistic habits.
I’m diving into the 10 tiny habits that make a significant financial difference over time. From automating your savings and investments to tracking your spending without judgment, these actions take the friction out of your financial decisions and lead you toward wealth in a manageable, practical, and attainable way.
I also discuss the importance of paying yourself first, investing in financial education, and handling lump sums or unexpected money wisely. These habits aren't about deprivation or massive overhauls; they're about tiny, manageable changes that compound over time to create real wealth.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another eye-opening episode of the Building Your Money Machine Show! I'm Mel Abraham, your host, and today we’re tackling one of the biggest financial misconceptions - the belief that becoming a millionaire makes you rich. This episode is going to challenge the traditional notion of wealth and set you on the path to true financial freedom, crafted around the life you want to live.
Remember, wealth is about freedom and the ability to make choices unbound by financial constraints. Whether you live in the Midwest or a high-cost city like New York, the principles shared in this episode will equip you with the knowledge and tools to craft a sustainable, fulfilling financial plan.
So, buckle up and get ready for an episode packed with actionable insights and a new perspective on what it truly means to be rich.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another exciting episode of the Building Your Money Machine Show. Today's episode is absolutely crucial if the thought of a medical bill, job loss, or major car repair sends a wave of panic through you. We’re talking about building and managing your emergency fund using my F.U.N.D. method—because life happens and you need to be prepared for it.
Ever wondered how much is enough for an emergency fund? Or what expenses should it cover? I’ll be answering these questions and more. Plus, I’ll share actionable tips on how you can start nurturing your fund right now, including jumpstarting it with a comfort fund and automating your savings.
By following this framework, you’re not just saving money; you’re securing your financial future and giving yourself the freedom to pursue your goals without the constant worry of financial ruin from unexpected events.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another compelling episode of the Building Your Money Machine Show. Have you ever wondered why some of the smartest people struggle with money while others seem to thrive financially despite having, let's just say, less intelligence? Well, this episode is for you.
In this episode, I delve into why intelligence alone doesn't guarantee wealth and unravel the time-tested principles that truly drive financial success.
We’ll also discuss the importance of daily financial habits like saving, investing, and planning, and how automating these actions can make the process easier. You'll hear about Warren Buffett’s secret to success—it's less about being a genius investor and more about habits, patience, and discipline.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another engaging episode of the Building Your Money Machine Show. Today, we're exploring a provocative question — is the F.I.R.E. Movement merely a pipe dream?
I've been there, contemplating the idea of extreme frugality to retire decades early. But let's face it, spending all your life sacrificing today's happiness for a distant dream isn't everyone's cup of tea. In this episode, I’ll delve into why traditional F.I.R.E. might not be the golden ticket it's often portrayed to be and how you can attain financial freedom without brutal deprivations.
You’ll hear me talk about the importance of building a "money machine" — generating income streams that don't tie you to a job, and unlocking the freedom to live a life of choice.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another episode of the Building Your Money Machine Show. Today, we're going to tackle a topic that, while essential, tends to make people cringe: budgeting. Why do most people fail at budgeting, even though it’s one of the most critical tools for building wealth and achieving financial freedom?
Many view budgeting like dieting—restrictive, boring, and hard to stick to. But what if I told you that it's not about deprivation, but rather about giving your money an intentional job description?
By the end of this episode, you'll not only understand how to construct a robust cash resource plan, but you'll also learn the practical steps to implement it successfully. Say goodbye to the negative perceptions around budgeting and hello to financial freedom and wealth-building.
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
Welcome to another empowering episode of the Building Your Money Machine Show! Today, we're breaking down the hype around the economy and recession, and I’m sharing some real, actionable insights on how to build and preserve wealth during such challenging times. The key here is not just survival but thriving, whether the market is up, down, or sideways.
In this episode, I delve deep into what a recession actually means, why it happens, and most importantly, why you shouldn't panic. Recessions are simply part of the economic cycle.
We'll discuss the impact of a recession on your wealth, from job loss to declining asset values.
Let's navigate this together. I'll share the tools, strategies, and mindset that can shield you from economic downturns and help you seize opportunities that arise. Let’s light the path to financial freedom!
IN TODAY’S EPISODE, I DISCUSS:
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more: https://melabraham.com/show/
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
The key to building the life you desire and deserve is to build your Money Machine—a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how build your money machine.
When you do you’ll also get over $1100 in wealth resources & bonuses for FREE!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz 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
The podcast currently has 371 episodes available.
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