Money Lessons I Know at 62 I Wish I Knew at 32

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.

15d ago 35:38

MP3•Episode home

Do you ever wish you knew at 32 what you know at 62? It's not about regrets; it's about turning life's lessons into actionable wisdom!

In today’s episode, I share the money lessons I’ve learned over 62 years—insights I wish I had at 32. We dive into living your own dreams, and not someone else’s. You’ll hear why accepting and learning from your mistakes is crucial, illustrated by my own encounter with a Ponzi scheme. I talk about the importance of making informed financial decisions, and how investing—rather than just saving—is key to wealth accumulation.

Plus, discover why budgeting is less about deprivation and more about permission planning, and why saying no can sometimes be the most powerful decision you make.

Want to make the most out of your financial journey and avoid the pitfalls I encountered? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

- Embracing life lessons and making the most of every moment

- Learning from mistakes and the power of discernment in your commitments

- The importance of budgeting as permission planning, not deprivation

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:

I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4
Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4
Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM
How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo

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. Podcast for entrepreneurs seeking financial success tips. (00:00:00)

2. Prioritized skill development, education, marketing for success. (00:06:26)

3. Facing mortality, I value my time wisely. (00:11:23)

4. Expect reciprocity, pursue meaningful life and connections. (00:12:29)

5. Take risks, don't just save money. (00:18:41)

6. Education must be utilized to have value. (00:21:26)

7. Beware of expectations that can destroy finances. (00:24:22)

8. Questioning need for extravagance in life choices. (00:26:51)

9. Taking blame helps learn and avoid mistakes. (00:32:43)

10. Financial wisdom shared to help avoid mistakes. (00:34:26)

330 episodes