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Building Your Money Machine with Mel Abraham
Manage episode 421977800 series 3364472
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Today’s guest is a cancer survivor, best selling author, investor and podcast host of The Affluent Entrepreneur, Mel Abraham. I’m so excited for you to gain all the gold nuggets from Mel (ah-ha moments AND literal wealth building tips you can implement today) in this episode! Instead of being on the treadmill trading hours for dollars, he’s sharing how to build wealth, buy your time back, and have more freedom in your life. Mel breaks down the basics of creating a money machine in the simplest way and how you can get started investing with just $500. He'll show you how to pay off debt while still building wealth habits. Beyond talking about money, something we should all be able to talk about, you'll love his perspective on finding joy along the journey. Financial freedom is about so much more than money - it's about living your fullest life.
HIGHLIGHTS
05:30 What inspired Mel to create financial freedom and how it impacted him when he got his cancer diagnosis.
10:00 You don’t have “money problems”, you have money symptoms.
13:00 How to manage debt and give every dollar a purpose BEFORE it comes into your life.
16:30 The first thing you need to do when rebuilding your finances and getting out of debt.
22:15 Prioritizing joy and vision in financial planning.
27:30 How to have conversations with your spouse about finances.
33:00 The blueprint that will walk you through
38:30 Where should people invest as they’re getting started?
44:15 Investing for beginners, using index funds or ETFs, and keeping it simple.
50:00 Retirement vs peace of mind, financial freedom, and creating your legacy.
58:15 Entrepreneurship and personal growth with a few embarrassing moments.
01:04:05 Prioritizing life, nurturing gifts, and financial freedom.
RESOURCES + LINKS
Order Mel’s book - Building Your Money Machine
Check out upcoming retreats + more: chrissymay.com
FOLLOW
Chrissy May: @thechrissymay
Mel Abraham: @melabraham9
Connect with Chrissy:
YouTube: @ChrissyMayAligned
Instagram: @theChrissyMay
Website for more information: ChrissyMay.com
113 episodes
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