Building Your Money Machine - podcast cover

Building Your Money Machine

Mel H Abraham, CPA, CVA, ASAmelabraham.com

Welcome to 'Building Your Money Machine,' (fka The Affluent Entrepreneur Show) hosted by Mel Abraham, CPA, a renowned financial expert and author of USA Today Bestseller, 'Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!.' On this podcast, Mel shares his insights and experiences from over 30 years in the field of wealth-building, entrepreneurship and mentorship to financial freedom. Each episode provides actionable strategies to master your money, remove financial stress, and live a life by choice, not chance. Whether you work for a company, are a seasoned entrepreneur or someone just starting out on your financial journey, this podcast offers the tools, actionable frameworks and knowledge you need to create your own money machine and secure your financial future. Tune in weekly for expert advice, inspiring guest interviews, and the practical wisdom that will help you take control of your financial destiny. Subscribe now and start building the life you’ve always dreamed of.

Episodes

Why the middle class won't become rich (unless you do this)

Are you feeling stuck in the middle class maze, wondering if you'll ever make your way to financial freedom? Let's shake things up a bit! In today's episode, I dive deep into why the middle class often struggles to reach wealth and how you can break this cycle. I discuss the critical shifts in mindset and action needed to escape financial mediocrity. From understanding the importance of discussing money openly to recognizing the power of strategic investments and multiple income s...

May 02, 202429 minEp. 217

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

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 effec...

Apr 29, 202430 minEp. 216

Investing Advice People Don't Want You To Hear

Are you tired of hearing the same old rapid-fire investment tips that promise overnight riches, but leave you feeling like you're gambling with your life savings? In today's episode, I dive deep into the real talk of investing – the sustainable, no-nonsense strategies that actually build lasting wealth. I'm here to tell you that your journey to financial freedom should be more of a marathon than a sprint. Forget the adrenaline rush; it's about slow, consistent growth over tim...

Apr 25, 202420 minEp. 215

[ADVISOR REVEALS] 9 Signs You're Doing Well Financially (Even if you don't feel it)

Want to uncover the signs that you are truly excelling in your financial life—even if it doesn't always feel that way? In this episode, I guide you through the often-overlooked indicators that you're succeeding with your money. It's easy to get caught up in external definitions of success, but I offer you a fresh perspective on genuine financial wellness. From internal game focus to quiet asset accumulation, you'll discover the nine crucial signs that show you're on a pr...

Apr 22, 202423 minEp. 214

Why Your 9-5 Won't Make You Rich (unless you do this)

Are you tired of the 9-5 grind and feel like it's a barrier to achieving wealth? Think again! In this eye-opening episode, I dive deep into the common misconception that a traditional job means financial mediocrity. I discuss the mindset shifts and strategic actions necessary to turn your 9-5 into a launching pad for wealth creation. From utilizing employer benefits effectively to understanding the power of consistent investing, I guide you through an approach that could significantly infla...

Apr 18, 202420 minEp. 213

How To Turn Your Skills into a Profitable Product Business w/ Jacqueline Snyder

Looking to monetize beyond services? Let's unlock prosperity with products! Join entrepreneur Jacqueline Snyder as we explore creating physical products aligned with your strengths and customer needs. From workbooks to branded merchandise, discover how to boost your brand's income potential. Ready to dive into the world of products? IN TODAY’S EPISODE, I DISCUSS: -The critical steps to identifying what your clients truly need and how to enhance their experience -Differentiation strateg...

Apr 15, 202445 minEp. 212

Why Everyone Is Broke (In A Rich Country)

Feeling financially strained in a wealthy nation? It's not just about income; it's how you manage it! In this episode, I explore why many struggle despite decent earnings. From paycheck-to-paycheck living to debt acceptance and chasing excess, I delve into cultural and psychological factors fueling financial woes. Tune in to understand common pitfalls thinning our wallets. IN TODAY’S EPISODE, I DISCUSS: The psychological beliefs about money that lead to financial hardship The critical ...

Apr 11, 202421 minEp. 211

How Poverty Was the Stepping Stone to Success & Service - Gabriel Sanchez

Embark on an inspiring journey with Gabriel Sanchez, who transformed adversity into purpose. From poverty to success, his story resonates with personal growth and giving back. Discover his path from street vendor to president of a mental wellness company. Learn how he overcame obstacles to make a difference, particularly in underprivileged areas of Chiapas, Mexico. Tune in to explore how challenges can lead to a life of service and meaning. IN TODAY’S EPISODE, I DISCUSS: Gabriel's transform...

Apr 08, 20241 hr 5 minEp. 210

[FINANCIAL ADVISOR REVEALS] How To Know You Are On Track To Be Wealthy

In this episode, Mel Abraham shares key indicators for wealth. Drawing on his financial advisory and CPA expertise, Mel dissects critical wealth-building factors. Learn prioritizing investments, understanding wealth drivers, and prioritizing liquidity. Avoid destructive debt and track financial progress. Gain insights into wealthy mindset and strategies for financial liberation. IN TODAY’S EPISODE, I DISCUSS: - The significance of internal evaluation over external comparisons - Understanding and...

Apr 04, 202423 minEp. 209

Listen To This If You Want To Live a RICH Life - Real Talk With Jimmy Rex

Ready to redefine richness beyond money? Join me and Jimmy Rex as we explore fulfillment over wealth. From vulnerability to transformative exercises, we delve into the heart of true richness. Tune in for real talk on creating a happier, purposeful life. IN TODAY’S EPISODE, I DISCUSS: -The transformative "step in the circle" exercise that initiates genuine connections -The journey of overcoming shame and guilt to embrace compassion and self-love -How our past mistakes and vulnerabilitie...

Apr 01, 202451 minEp. 208

Why I Prefer Being A Quiet Millionaire

Ready to explore differences between quiet and loud millionaires? I'll discuss why quiet wealth holds more value, covering financial security, lower stress, and internal values. Tune in to learn about unique qualities of quiet millionaires, their modest living, wise investments, and giving back quietly. Discover advantages of choosing a quieter path to wealth for your financial journey. IN TODAY’S EPISODE, I DISCUSS: -The benefits of living modestly and authentic living -Tactics for investi...

Mar 28, 202423 minEp. 207

How to Recover From Losing $1,000,000

Are you feeling knocked down by financial setbacks and ready to mount a powerful comeback? I've been in the trenches where a single ill-advised move cost me $1M—an experience that is as humbling as it is crushing. In this deeply personal episode, I open up about the emotional whirlwind of losing a fortune and the concrete steps I took to rise from the ashes and rebuild my wealth—tripling what was lost within 18 months. I'll share the critical mistakes that led to my financial downfall ...

Mar 25, 202431 minEp. 206

[FINANCIAL ADVISOR REVEALS] 8 Ways We Are Taught To Be Poor

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...

Mar 21, 202426 minEp. 205

Fear is Your Path to a Life Fully Expressed with Farnoosh Torabi

What if I tell you that fear, yes, fear, can be your compass to a life fully unleashed and lived out loud? In today's fascinating chat with Farnoosh Torabi, we're cutting through the noise of financial fears and biases that hold us back. Farnoosh isn't just talking the talk; she's walked the walk, turning her fear into a blueprint for a fulfilled life with her book, A Healthy State of Panic . We're diving deep into her journey, from overcoming debt to embracing the role ...

Mar 18, 20241 hr 1 minEp. 204

FINANCIAL ADVISOR REVEALS: How You Should Invest $1000

Ready to make the most of your unexpected cash influx? I'll guide you through strategic ways to use an unexpected windfall to kick-start your path to financial freedom. I break down important steps to take before putting your money to work, including understanding your financial purpose, getting started with minimal funds, and investing in your financial education. I also delve into prioritizing funds for a comfort fund, eliminating destructive debt and building a peace of mind fund, and ma...

Mar 14, 202421 minEp. 203

#1 Performance Coach Reveals The Mindset You Need To Succeed | Ben Newman

Are you ready to elevate not just your game but your life? It's about lighting that inner fire and living with purpose! In today’s episode, I dive deep with Ben Newman, powerhouse coach and Wall Street Journal best-selling author, into what it takes to set the bar high and live up to it every single day. Ben shares heartfelt stories, including his mother's awe-inspiring battle with a rare disease, and how these personal experiences fuel his relentless drive. From the football field wit...

Mar 11, 202451 minEp. 202

FINANCIAL ADVISOR REVEALS - Money Habits That Keep You Broke

Dive into the fundamental money habits that could be keeping you from achieving financial freedom in this eye-opening episode. From the importance of tracking your numbers to making investing a priority, Mel takes you through the habits that could be holding you back from the financial freedom you deserve. This episode empowers you with real, actionable steps to break these habits and replace them with wealth creation habits. Understanding the difference between savings and investing or the impa...

Mar 07, 202418 minEp. 201

Protecting What Matters with Trent Shelton

Are you struggling to maintain your equilibrium in a world that constantly pushes your boundaries? How many times have you said "yes" when every fiber of your being was screaming "no"? In this heart-to-heart with Trent Shelton, we dive deep into the art of safeguarding what's truly vital—our peace. I'm stoked about Trent’s upcoming book, " Protect Your Peace ," which adds a fresh perspective to the conversation on emotional well-being. Our honest discussio...

Mar 04, 202444 minEp. 200

Do THIS Every Time You Get Paid (Paycheck Routine)

Are you ready to take control of your financial future and maximize your paycheck with smart money management? In this episode, I delve into the critical steps you need to take when you receive your paycheck. I guide you through creating a cash resource plan, understanding your needs, wants, and deletes, and share strategies to manage your money effectively. From setting up a comfort fund to automating your investment contributions, I'll equip you with the tools to make the most of every do...

Feb 29, 202422 minEp. 199

Getting What You Really Want with Cayla Craft

The journey towards achieving our deepest desires often begins with a single, yet profound question: What do we really want? In this episode, we delve into the power of self-inquiry and strategic decision-making that propels us toward our goals. Joining us is Cayla Craft, a renowned coach and mentor known for her dynamic approach to empowering individuals in the pursuit of their ambitions. Cayla's reverse-engineered coaching method from her network marketing triumph is sure to light a fire ...

Feb 26, 202444 minEp. 198

How High Earners Invest

Are you at a crossroads trying to figure out how high earners actually manage their investments? There's a whole lot more than just raking in the cash; it's about planting it smartly! In this thought-provoking episode, I unravel the wisdom and strategies behind how high earners channel their finances into avenues that accelerate wealth. I will guide you through the principles of the "wealth priority ladder," where every dollar is earmarked for prosperity. You'll find out...

Feb 22, 202430 minEp. 197

Listen to These 70 Minutes To Get Rich in 2024

Are you aiming to hit financial high notes and truly optimize your wealth-building journey in 2024? It's not just a dream; let's make it your reality! In today's riveting 70-minute episode, I peel back the curtain on the secrets to getting rich, and believe me, it's a game-changer. I share not only the essential principles of wealth accumulation but also the profound personal transformation that can redefine your relationship with money. From realizing the brevity of life due...

Feb 19, 20241 hr 12 minEp. 196

The 25 Top Money Books I've Read (What I Learned)

Ready to enrich your financial knowledge with the top money books that have the power to change your money mindset? In this episode, I take you through the key books that have shaped my personal financial journey and that of my clients. From investment principles to mindset and psychology of money, I share the impactful takeaways from the 25 top money books I've read. Get ready to transform your relationship with money and gain valuable insights into wealth building, financial freedom, and ...

Feb 14, 202425 minEp. 195

Investment Taxes…What You Need to Know

Are you ready to understand the ins and outs of investment taxes? It's not just about paying up, it's about keeping more in your pocket! In today’s episode, I break down the complexities of investment taxes and how they impact your financial future. I discuss the different types of investment income, how they are taxed, and strategies to minimize your tax liability. From dividends to capital gains, I walk you through it all, so you can harness the power of the tax code to build your mo...

Feb 12, 202430 minEp. 194

Mutual Funds, Index Funds or ETFs, Which is Best?

Are you feeling lost in the sea of investment options? Want to know the differences between individual stocks, mutual funds, index funds, and ETFs? I've got you covered in this episode. We're breaking down the pros and cons of individual stocks, mutual funds, index funds, and ETFs. You'll discover the benefits of professionally managed mutual funds, the lower fee structure of index funds, and the flexibility of ETFs. I also delve into determining the most suitable individuals for ...

Feb 05, 202426 minEp. 193

Using PR to Build a Rich Life with Selena Soo

How can entrepreneurs identify the right moments to seek publicity to maximize the impact on their brand and business? Join us in today's conversation with the incredible Selena Soo as we delve into the transformative role of publicity. We explore how it can be a game-changer, creating opportunities that enrich various aspects of your life. Selena shares her personal journey of transformation and how she's harnessed the art of engagement, making waves as a publicity expert. We chat abo...

Jan 29, 202442 minEp. 192

How to Actually Make Money Investing

Is it possible to secure more than just a stable return on your investments? Join me as we dissect the strategies that deliver real, tangible results in the world of investing. Today, we're getting real about investing - not just the glam you hear, but the genuine path to filling up your bank account. I dive deep into where your money can actually work for you, covering everything from the safety net of high-yield savings to the exciting world of private equity. We're talking real esta...

Jan 22, 202448 minEp. 191

Q&A - Investing & Paying For College

The decision to invest in a college education carries more weight today than ever before. With escalating costs and evolving job markets, the question isn't just about getting a degree; it's about making smart financial choices for the future. In this episode, I tackle the critical aspects of investing in education and the nuances of funding college. It's a deep dive into balancing the scales of knowledge acquisition and savvy financial planning. I also explore various financial v...

Jan 15, 202449 minEp. 190

Q&A - Should I Invest in a Roth or Traditional IRA

When it comes to IRAs, do you go traditional or do you choose the Roth path? It's a common question, and honestly, both have their benefits and potential drawbacks. In this episode, I break down the complexities of Roth and Traditional IRAs, covering crucial aspects like tax benefits, contribution limitations, early withdrawals, investment options, and more. The aim is to provide you with the knowledge needed to make well-informed financial decisions that align with your future goals. Don&a...

Jan 08, 202423 minEp. 189

How to Get the Right CPA & Why It Matters

The journey to financial freedom isn't just about crunching numbers and watching your bank account grow; it's a transformative process that aligns your goals with your money. Join me on this episode as we explore the world of accounting and tax professionals. I'll be sharing how to discern between different types of accountants, ways to find the right fit for your business, and the pivotal role these professionals should play in your financial journey. When it comes to finding the...

Jan 01, 202423 minEp. 188