How To Manage Your Money Like The 1%

The Affluent Entrepreneur Show

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23d ago 19:36

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Are you ready to dive into the secrets of managing your money like the ultra-wealthy? It's not about amassing wealth but managing it smartly!

In today’s episode, I unravel the habits and strategies of the top 1%, showing you how they manage their money to build and sustain their wealth. From real-life insights on budgeting to investing wisely, you'll discover how these economic trendsetters focus on more than just their earnings. I delve deep into the mindset and mechanisms that drive their financial success and how you can apply these principles to your own life.

Want to transform your approach to money and carve your path to financial freedom? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

Building a "cash resource plan” over simple budgeting
The importance of having a vivid vision and a robust financial plan
Executing strategies like the “wealth priority ladder” to maximize your investments

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What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM

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Chapters

1. Mel Abraham introduces the show's objectives. (00:00:00)

2. Mel shares his personal background. (00:01:42)

3. Focus on educating listeners on financial management. (00:03:03)

4. Explanation of budgets and cash resource plans. (00:04:18)

5. Systematic planning from vision to actions. (00:06:35)

6. Implementing joy points within financial planning. (00:08:33)

7. The importance of enjoying the journey to financial freedom. (00:10:04)

8. Critique of traditional budget plans and an alternative approach. (00:11:42)

9. Investing as a priority before spending. (00:13:22)

10. Planning every dollar with a recipe-like strategy. (00:15:01)

11. Encouragement to persist on the wealth creation journey. (00:16:29)

321 episodes