Why The First $100k Is The Hardest (It Gets Easier)

The Affluent Entrepreneur Show

Content provided by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mel H Abraham, CPA, CVA, ASA, Mel H Abraham, CPA, CVA, and ASA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

1M ago 30:27

MP3•Episode home

Are you struggling to hit that first $100k milestone in your financial journey? It's not just a number; it's a crucial stepping stone to future wealth!

In today’s episode, I dive deep into why earning your first $100,000 is the hardest but most transformative part of building sustainable wealth. I share personal anecdotes, the setbacks I faced, and actionable strategies to overcome the common hurdles that might be holding you back. From understanding the psychological barriers to effectively managing your lifestyle creep, I cover all bases to help set you on the right path.

Want to break through the financial noise and accelerate your journey to $100k? Tune in to the full episode now!
IN TODAY’S EPISODE, I DISCUSS:

- The significant psychological hurdles in early wealth-building stages

- Practical tips to avoid lifestyle inflation and maintain financial discipline

- The critical role of insurance and proper risk management in safeguarding your growing assets
RECOMMENDED EPISODES FOR YOU

If you liked this episode, you'll love these ones:

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

My Money Planning Process to Achieve Your Goals: https://youtu.be/Ip7kLKXNj2Y
How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
Demystifying Your Credit Score & Does It Matter: https://youtu.be/emgKYPy6Quw
What to Do Today to Pay Less Tax and Keep More Money: https://youtu.be/tZHKIgr_TIM

PRE-ORDER MY NEW 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.

Chapters

1. Push through hard times for accelerated growth. (00:00:00)

2. Breaking comfort zone for wealth, success preparation. (00:05:40)

3. Shovel of income speeds up wealth growth. (00:07:23)

4. Supporting wealth creation through intentional advanced planning. (00:11:16)

5. Liquidity provides peace of mind and opportunities. (00:13:29)

6. Focus on future funding and retirement goals. (00:18:58)

7. Understanding taxes matters for keeping your money. (00:20:17)

8. Not selling insurance but important financial factors. (00:26:04)

9. Proponent of insurance, not investment wrapped. (00:27:25)

322 episodes