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[FINANCIAL ADVISOR REVEALS] 8 Ways We Are Taught To Be Poor
Manage episode 408054478 series 1281827
In this episode, I delve into the harmful money mindsets and behaviors that have been ingrained in us from an early age. I discuss the traditional earnings formula that keeps us trapped in the cycle of trading time for money and offer insights into the lesser-known wealth formula that uses money to make more money. I also talk about the importance of leveraging productive debt and understanding the taxation system to maximize our financial gains.
IN TODAY’S EPISODE, I DISCUSS:
- The harmful impact of the earnings formula on our wealth creation journey
- Shifting our mindset towards the wealth formula and leveraging productive debt
- Understanding the opportunities in market downturns and the importance of making investing a priority
RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
- How to Get the Right CPA & Why It Matters
- 7 Money Excuses That'll Keep You Broke!
- Your Financial Advisor May Not Be Telling You the Truth!
- Traditional Financial Advice Doesn't Work for Entrepreneurs
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
- 7 Money Excuses That'll Keep You Broke!: https://youtu.be/dMyNonXrxVE
- Your Financial Advisor May Not Be Telling You the Truth!:https://youtu.be/1FDZfejefQ8
- Traditional Financial Advice Doesn't Work for Entrepreneurs: https://youtu.be/Rz3gSOxSeWQ
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
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
GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Chapters
1. Entrepreneur show for high-level success and freedom. (00:00:00)
2. Trade time for money in income formula. (00:04:56)
3. Wealth creation isn't just about math. (00:08:18)
4. Perspective shift: risk and opportunity in uncertainty. (00:11:34)
5. Investing priority, building a money machine for income. (00:15:24)
6. Avoid lifestyle comparisons, focus on personal fulfillment. (00:16:42)
7. Value exchange economy requires focus on solutions. (00:21:37)
8. Wealthy prioritize wealth over short-term earnings. (00:22:57)
337 episodes
Manage episode 408054478 series 1281827
In this episode, I delve into the harmful money mindsets and behaviors that have been ingrained in us from an early age. I discuss the traditional earnings formula that keeps us trapped in the cycle of trading time for money and offer insights into the lesser-known wealth formula that uses money to make more money. I also talk about the importance of leveraging productive debt and understanding the taxation system to maximize our financial gains.
IN TODAY’S EPISODE, I DISCUSS:
- The harmful impact of the earnings formula on our wealth creation journey
- Shifting our mindset towards the wealth formula and leveraging productive debt
- Understanding the opportunities in market downturns and the importance of making investing a priority
RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
- How to Get the Right CPA & Why It Matters
- 7 Money Excuses That'll Keep You Broke!
- Your Financial Advisor May Not Be Telling You the Truth!
- Traditional Financial Advice Doesn't Work for Entrepreneurs
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- How to Get the Right CPA & Why It Matters: https://youtu.be/zj26Wwqe0bk
- 7 Money Excuses That'll Keep You Broke!: https://youtu.be/dMyNonXrxVE
- Your Financial Advisor May Not Be Telling You the Truth!:https://youtu.be/1FDZfejefQ8
- Traditional Financial Advice Doesn't Work for Entrepreneurs: https://youtu.be/Rz3gSOxSeWQ
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
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
GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Chapters
1. Entrepreneur show for high-level success and freedom. (00:00:00)
2. Trade time for money in income formula. (00:04:56)
3. Wealth creation isn't just about math. (00:08:18)
4. Perspective shift: risk and opportunity in uncertainty. (00:11:34)
5. Investing priority, building a money machine for income. (00:15:24)
6. Avoid lifestyle comparisons, focus on personal fulfillment. (00:16:42)
7. Value exchange economy requires focus on solutions. (00:21:37)
8. Wealthy prioritize wealth over short-term earnings. (00:22:57)
337 episodes
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