019 Creating Your Money Machine

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Manage episode 298348767 series 1281827
By Mel Abraham, Mel H Abraham, CPA, CVA, and ASA. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

In this episode, we will talk about the lifeblood of our business, wealth, and affluence. We will reveal what it takes to be successful in business and with money, and we will do it by using the Affluence Cash Flow Matrix™.

What You Will Learn In This Episode:

- What is the Affluence Cash Flow Matrix™

- What is an Income Statement, and what is a Balance Sheet

- What is an investable asset, and what differentiates it from other assets

- What is the difference between the business and the money machine

The path of being successful in business without doing the money right will only make you a treadmill entrepreneur - you'll have success as long as you keep running or run faster for longer distances.

But you already know this is a broken model because your business and lifestyle depend on you to exist.

Instead, we need to use your business machine to feed and grow your money machine so the money machine can ultimately give you the lifestyle you want without you running on the treadmill.

Resources:

- The Affluence Cash Flow Matrix™ https://melabraham.com/wp-content/uploads/TAE-019-Affluence-Cash-Flow-Matrix.pdf

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- My website https://melabraham.com/

- Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabrahamtraining.com/TES-Book-Launch-1

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

127 episodes