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

037 From $174,000 in Debt to Zero with Brad Long

My guest today is slightly different from the ones I had in earlier episodes, but he is just as impressive and inspiring. Brad Long is a Zero Debt Coach, specializing in helping 5 and 6 figure corporate burnouts abandon their 9 to 5 jobs, organizing and optimizing their finances, erasing their debts and helping them build the path toward financial independence. Brad and I had an Affluent Entrepreneur money conversation. We went through Brad's journey from being $170k in debt to financial li...

Nov 29, 202142 minSeason 2Ep. 37

036 Finding Fulfillment and Gratitude

In today's episode, we talk about one of the most overlooked aspects of having a richer lifestyle: living a fulfilled life. As we are in the week of Thanksgiving here in America, and it's the moment of the year when most people take a step back and feel grateful, I thought the timing was right to introduce a new framework, The Gratitude Grid ™ . Gratitude is a huge part of affluent life, and it is almost impossible to have a meaningful, impactful life without it. So today, we will go t...

Nov 22, 202133 minSeason 2Ep. 36

035 Choosing Your Own Path with Jess Glazer

I feel I have a lot in common with today's guest Jess Glazer. She is an affluent entrepreneur; she loves life profoundly, works hard to create a long-lasting legacy, and at some point, when her life was on the line, she had to ask herself: how much is enough? Jess Glazer is a Business Mentor, Speaker, Founder of Digital Business Evolution, CEO of Jess Glazer, LLC, and a Certified PE and Fitness Instructor. In this episode, we go through her inspiring and incredible journey from school teach...

Nov 15, 202142 minSeason 2Ep. 35

034 5 Elements of a Millionaire Mind

Today, we will take another step into having a richer, more fulfilling lifestyle. We will learn how to build a millionaire mind. As you might already know, I'm the framework guy, so I've put together one called the Five Builds of A Millionaire Mind ™ , and I'm thrilled to share it with you. We will unravel each of these five builds, so you know what you need to change, encourage and eliminate from your daily routine to build a millionaire's mindset. What You Will Learn In Thi...

Nov 08, 202120 minSeason 2Ep. 34

033 Your Money Questions Answered

This week, I've prepared another Q&A episode with some of the questions that came in on money, finances and wealth. The reason I'm doing this is to remind you this show was created for you, by you and with you. Hearing from you and clearing any doubt you might have is the most critical part of the show, it is about me turning into a money mentor in your back pocket. We will go through some doubts on real estate, retirement accounts, investment decisions, and much more. What You Wil...

Nov 01, 202130 minSeason 2Ep. 33

032 Family, Biz, Money & Charity with Alison J Prince

It’s such a blessing to welcome to the show not only a great mom, loving wife, podcast host, business coach and outstanding entrepreneur, but also a dear soul, Alison Prince. She went from high school teacher eligible for government assistance to a multi-million dollar entrepreneur in a couple of years. Throughout her entrepreneurial journey, she and her family donated over a million dollars to charity and helped more than 8,000 families through Hope International's microfinancing programs....

Oct 25, 202154 minSeason 2Ep. 32

031 Adversity and Abundance with Amberly Lago

I hope you are ready for today's episode, because it is going to touch your soul. Joining me is Amberly Lago, a best-selling author, TEDx and keynote speaker, podcast host, and peak performance coach. 11 years ago, Amberly was a celebrity fitness trainer sponsored by Nike, living a great life when one day, coming back home on her motorcycle, a SUV truck hit her, flipping her life upside down. Amberly had 1% chance of saving her leg from amputation. After 34 surgeries and a medical bill of a...

Oct 18, 202147 minSeason 2Ep. 31

030 How to Protect My Assets

Today, I will answer a question I get asked a lot - what kind of entity is the best for my company? Considering laws can be very different depending on where you are based, and each personal situation is different. We will go through the various structures you can pick for your business and your assets. We will look at each structure's pros and cons, tax structures, and everything you must know to protect your business, family and legacy. What You Will Learn In This Episode: - How picking t...

Oct 11, 202138 minSeason 2Ep. 30

029 The Best Investment Accounts to Get

I’m excited about today’s episode, because we will go through the next step after establishing our Wealth Priority Ladder™. In this show, I will take you through the six types of accounts you can choose to have on your wealth path, and I will also share a four-step system to start funding those accounts. We will look closely at each of the six accounts, pros and cons of each, and how to use them in the smartest way. What You Will Learn In This Episode: - What is the account jumble, and which thr...

Oct 04, 202146 minSeason 2Ep. 29

028 10 Money Lessons for Parents

Last August 2nd, Emily Ray, my first granddaughter, promoted me to the happiest man on earth. That got me thinking about the future, and coincidently, a soon-to-be mom I've met on a mastermind asked me what advice would I give, if any, to future parents. So I've decided to make this episode about the 10 lessons I would give to new parents about finances, and the best way of taking care of their children. In addition, I will share my latest framework, The Emily Factor ™. What You Will L...

Sep 27, 202147 minSeason 2Ep. 28

027 10 Lessons from 6 Decades

On September 2, I turned sixty. I added a new decade to my story, which got me thinking, what are the lessons I've learned in the last six decades? Today I want to share with you the 10 lessons I've learned on my journey of living a fulfilling life and as an affluent entrepreneur. We will also talk about the concept of living in a state of disappointment, and we will go through the three principles of living a meaningful life. What You Will Learn In This Episode: - The difference betwe...

Sep 20, 202141 minSeason 2Ep. 27

026 Getting Your Business Stuff Right with Bobby Klinck

On today’s show, I'm thrilled to welcome my good friend Bobby Klinck, a Harvard-trained attorney turned entrepreneur, mentor, author, and podcaster. He is the founder of BobbyKlinck.com, Principal of Klinck LLC, and host of The Certified BADA$$ Online Marketing Podcast. He helps entrepreneurs make sure the legal crap doesn't hit the fan while building raving fan bases. Today, he shares with us how he went from wantrepreneur to a thriving multiple six-figure entrepreneur. We’ll get to k...

Sep 13, 20211 hr 10 minSeason 2Ep. 26

025 How to Invest in Index Funds or ETFs

Today, we will go through all you need to know about ETFs and Index Funds, and what it takes to invest in them. We will start by understanding the difference between trading, investing, and gambling in the stock market. We will also look at trading versus investing, analyze the possibilities each one offers and what they demand from us. In the end, we will go through what you need to do to start creating your path toward financial liberation. What You Will Learn In This Episode: - What is the di...

Sep 06, 202125 minSeason 2Ep. 25

024 What To Do With Your Cash

In this episode, we talk about what the right thing to do with our cash is, and we will approach this subject from one of the Affluence Blueprint ™ principles. Our guidance, our recipe to success will be the Wealth Priority Ladder ™ . Like any other recipe, this one focuses not only on the ingredients we use, but also on adding the right amount and mixing them correctly. Before we jump into the Wealth Priority Ladder ™ principle, we will go through the two things we need to know to get into the ...

Aug 30, 202131 minSeason 2Ep. 24

023 Making Shift Happen With Anthony Trucks

I'm so excited to bring to the show not only a dear friend, but someone with a huge heart, a tremendous soul, and obsessed with helping people. Anthony Trucks is a former NFL player turned into a Transformational Identity Shift Coach. Anthony's way of showing up in his personal and professional life is impressive, and after hearing his life story, I'm sure you'll ask yourself - what is my excuse? In this episode, we talk about purpose, identity, and inspiration. Anthony share...

Aug 23, 202127 minSeason 2Ep. 23

022 My Top Money Mistakes

In this episode, I get a little vulnerable and share some of the biggest money mistakes I've made. Let’s face it I’m not much different than most folks with money. I screwed up plenty in the past. I’ll talk about 8 of my worst money choices, what I've learned from them, and the rules I've created to avoid making them again. We will go through emotions and money, money and long-term planning, money and mindset, and more. What You Will Learn In This Episode: - What I've learned...

Aug 16, 202138 minSeason 2Ep. 22

021 Shift Your Relationship with Money

In today's episode, we will learn how to shift our relationship with money. We will talk about the myths, the lies, and the stories we have in our heads around money. We will then look at the effects of listening to these stories, and the importance of having a system of behaviors. Finally, we will go through the tool that will help us change our relationship with money, the Money Reframe Flow ™ . What You Will Learn In This Episode: - What happens when our relationship with money is incorr...

Aug 09, 202133 minSeason 2Ep. 21

020 How the Wealthy Think

Today, I will answer a question from the Affluent Entrepreneur community - what is it that wealthy people do differently from the rest, and how do they think? To help me answer this, I use The Prosperity Profile Paradigm ™ matrix. What You Will Learn In This Episode: - What is The Prosperity Profile Paradigm ™ - The three pillars and nine parts of The Prosperity Profile Paradigm ™ - Why affluent entrepreneurs see themselves as creators and not victims of their circumstances - The difference betw...

Aug 02, 202130 minSeason 2Ep. 20

019 Creating Your Money Machine

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...

Jul 26, 202125 minSeason 2Ep. 19

018 Your Money Questions Answered

Today, I will continue answering some of the questions I get from the Affluent Entrepreneur community. This is the perfect space to have an open and honest conversation about money and wealth, and living our best life without the worry of being judged or canceled. We will dive deep into investments and mortgage, 401k plans, emotional and logical decisions, the benefits of Health Saving Accounts, and more. Some of the Questions I Answer: - Should I put more money against my mortgage or invest ins...

Jul 19, 202126 minSeason 2Ep. 18

017 Define Your Money Identity

Today, we will talk about money identity. First, we will go through a series of questions to determine our Blank Money Canvas. Then, we will analyze and understand Robert Dilts' Logical Levels framework. And finally, we will adapt Dilt's framework into The Money Identity Cascade™, a powerful tool that will shift our reality dramatically. What You Will Learn In This Episode: - The role of our identity in our relationship with wealth - How to determine our Blank Money Canvas - What is ou...

Jul 12, 202133 minSeason 2Ep. 17

016 Answering Your Money Questions

In this episode, I will answer some of the questions I've received through The Affluent Entrepreneur Facebook group, Instagram DMs, and comments on the show. While answering these questions, we will also touch on some of the principles I teach in The Affluence Blueprint ™ , and clear some doubts around investments, mortgage refinancing, cash inheritance, and more. Some of the Questions I Answer Today: - What is the best way to save for a home? - Is now a good time to refinance my house? - H...

Jul 05, 202140 minSeason 2Ep. 16

015 How to Quit Your Job

In this episode, we will talk about the transition of quitting your job to become an affluent entrepreneur. We will analyze the things we must have clear in our minds before we decide to leave our jobs and start an entrepreneurial life. Then, we will go through the details of the Entrepreneur Transition Formula ™ , and understand each step of it to ensure an effective transition. What You Will Learn In This Episode: - What we need to know before we decide to transition from corporate to entrepre...

Jun 28, 202136 minSeason 2Ep. 15

014 What Level Entrepreneur Are You?

In today's episode, we will answer a question that came up in a conversation with one of my clients - what is an entrepreneur? We will go through the different entrepreneurial levels, characteristics, and what we can do to move from one level to the next. What You Will Learn In This Episode: - What it means to be an entrepreneur, and what are the different types of entrepreneurs - What is the difference between being skill-focused and being scale-focused - Why some personal brands might be ...

Jun 21, 202130 minSeason 2Ep. 14

013 Expanding Your Money Mind

In this episode, we will talk about how to expand your money mindset. I will walk you through a framework I've repurposed from a model created in 1955, The Money Mind Framework™ , and we will go through the details of each one of the four zones of this framework. What You Will Learn In This Episode: - What is The Money Mind Framework™ , and how it’s created - What are the four elements that determine our Comfort Zone - What are the four components of the Secret Zone - What are the expansion...

Jun 14, 202128 minSeason 2Ep. 13

012 Financial Independence Through Digital Products With James Wedmore

Today, I’m welcoming my first guest on the show, James Wedmore. He is an online business coach, founder of Business By Design and the host of Mind Your Business Podcast. James is well known in the online space for his unique online courses and content. We talk about James' journey into becoming who he is today, what he did right, what he did wrong, what it takes to scale and build a business, but also what it DOESN’T take. We talk about what it means to be a Digital CEO, and how to create a...

Jun 07, 20211 hr 6 minSeason 2Ep. 12

011 Getting Highly Paid for What You Know

What does it take to get paid premium fees for what you know? In today's episode, we will discuss how to increase the prices of our products, not from a pricing perspective but from focusing on the value we provide. We will go through the four elements we need to elevate in order to separate our business from the rest as premium providers. What You Will Learn In This Episode: - Why we must find out what makes us different from everybody else in the market - The Unique Methodology™, and how ...

May 31, 202126 minSeason 2Ep. 11

010 Generate and Scale Your Income

In this episode, we will talk about one of the best ways to generate income, and one of the three pillars of The Affluence Blueprint™ called the Generate pillar. I will talk about why I love digital business and digital income streams to generate revenue and wealth. We will go through the three essential elements of digital businesses and how they work. What You Will Learn In This Episode: - The three critical outcomes of the affluent entrepreneur - The elements needed to become an affluent entr...

May 24, 202136 minSeason 2Ep. 10

009 Why Assets are Vital for Financial Liberation

In this episode, we will reveal why assets are essential for your financial liberation. We will talk about the Save, Spend, and Pray society in which most of us grew up, and how that has affected the way we see money and wealth creation. We will demystify the beliefs around passive income, and we will go through the five incomes framework. What You Will Learn In This Episode: - Why the “save, save, save” mentality can't help us to create financial liberation - The Five Incomes™ Framework - ...

May 20, 202126 minSeason 2Ep. 9

008 Understanding the Number for Wealth Creation

Today, we will do a bit of math to understand the number of wealth creation. We will talk about the variables to consider when you want to reach the desired level of wealth, and we will cover the most common mistakes people make when planning their journey to a wealthy life. What You Will Learn In This Episode: - How the change in the pension plans has affected our lives - Why we must create a lifestyle plan rather than an income plan - How investment returns can help us create wealth, and how h...

May 17, 202138 minSeason 2Ep. 8