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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 Will Learn In This Episode: - Is it a good idea to refinance a home and take out cash to invest? - The psychological impact of debt and why no one talks about it - Is it a good idea to leave your money in an old employer's 401k account? - Does it make sense to contribute to an IRA? - What to investing in if we have only $1,000 to $10,000 to start If we ask for money advice from the wrong person, they might give us false information and we could end up putting together a money plan that makes no sense at all. If you

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.  In this episode, Alison shares her unique and fascinating story of how she discovered that the "go to college, get a degree, and you'll have financial security" story wasn't her best choice. We go through her first steps selling products online, the unexpected but inspiring growth of her business, the money conversations within her household, her children's education around money, and much more.  What You Will Learn In This Episode: - Who Alison Prince is and how she helps people realize thei

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 almost $3 million, she discovered that all that was just the first part of her journey.  In this episode, Amberly shares her incredible story of resilience, badassery, courage and love for life. We go through her extensive recovery journey, the different stages she went through, and the financial lessons she learned after the accident, finding herself and her husband forced to deal with a medical bill of almost $3 million.  What You Will Learn In This Episode: - How Amberlyćs life was before and after the accident - How

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 the correct entity for our company can protect us from expensive lawsuits - Why it is essential to legally separate ourselves and our assets from our company and its assets - The pros and cons of Sole Proprietorship - The differences between a C-corp and an S-corp - What Limited Liability Companies (LLC) are and the difference in taxes between them and C- or S-Corps - How we can reduce the self-employment tax When choosing an entity for our company, we provide it with a skeleton, a structure to protect our assets and t

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 three criteria we must use to choose what kind of account we'll get - Why we must keep our business from our personal accounts separated - My three rules with high-yield cash accounts - The benefits of having 401k and HSA accounts One of the first steps on our journey to an affluent life is to separate accounts. Every dollar that comes in must know its purpose, and as soon as we get it we must put it to work for us. This task distribution becomes much easier when we have multiple accounts, each one of them taking c

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 Learn In This Episode: - Why we must focus on raising empowered little ones with financial tools to develop a richer lifestyle - The most critical investment we can make in our children - Why transferring skillsets is widely more important than transferring assets - The importance of a piece of mind fund, life insurance, and disability insurance - Why we must learn to have tough conversations - What is The Emily Factor ™, how it works, and how can we put it into practice Understanding that our kids and grandkids came t

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 between being wealthy and living a rich life - The three principles we must have in place as rule #1 for building an affluent life - What is the role of our values in the decisions we make every day, and how that affects our future - Why we must be open about what we do, and why we need to find a purpose in every action we take - What is the role of our habits in the things we create When I look back at my journey, I realize it is not about the challenges I had but about the lessons I got from them. One of the biggest less

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 know where Bobby comes from, and his entrepreneurial family background. He shares the thought process behind quitting his life as a Federal Prosecutor to become an entrepreneur. We had a profound conversation about marketing strategies, connections, life choices, happiness, wealth, and some sound legal and marketing advice.  What You Will Learn In This Episode: - Who Bobby Klinck is and why his life story is so inspiring - What Bobby's first big mistake was as an entrepreneur and what he did to fix it - The differ

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 difference between gambling, trading, and investing, and what is the best option in the long run - Why ETFs and Index Funds are easier ways to invest - The difference between ETFs and Index Funds - A step-by-step process we need to follow to start investing As affluent entrepreneurs, when we think about wealth building, we think about permanent and sustainable wealth with the sole purpose of reaching financial liberation. That is why our choices of building wealth have a system behind them, and we can duplicate them ove

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 wealth-building game, and the four principles that will help us make a difference in it.   What You Will Learn In This Episode: - How we can develop the habit of creating an investment, and why we say that investing is automatic and consistent - The four principles of the wealth-building game - What it means to have a comfort plan in place, and how that will help us - How we can prevent consumer debt to consume us, and what is a peace of mind fund - Why we must fund our retirement before we fund college We must see our mo

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 shared his life story, his challenges, victories, defeats, and how searching for and finding his identity saved him. We also talk about his soon-to-be-published book “Identity Shift,” what motivated him to write it, and why you should read it.  What You Will Learn In This Episode: - Anthony Truck’s background, and what it means to be a transformational identity shift coach - Why we say that identity is a construction and that it can be rebuilt - Exploring the relationship between our ego and our identity - How to rewire ou

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 from my trip to Japan and cashing my 401k - Why we should avoid making emotional money decisions - Why we should always question every proposition from our money advisor - The benefits of making investing a priority and having a financial plan - Why we should always track our numbers I’ll even tell you why a “single job” or “single source” mentality around your income can spell out danger for your financial future. No matter how much you’re getting paid, when you trade time for money, you can only exchange a certain

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 incorrect - The myths and stories we hear about money, and what it means to say that money education is caught, not taught - The Money Reframe Flow™, its three stages, and the questions that'll help us go through each stage When money is an issue in our lives, that means that it is actually a symptom. The belief that money is the root of all evil turns it into a taboo topic. No one teaches how to use money, no one talks about it, therefore, we don't know how to use it. Money is just a tool, and like any other tool,

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 between being interested in something and being committed to it - What things wealthy people focus on and what actions they take to produce and preserve their wealth Finding someone who has succeeded in the area we want to thrive in, and imitating what they are doing might sound good, but in my opinion, that doesn't work. There is a difference between imitating someone else's actions, and understanding the thinking process behind those actions.   Resources: - The Prosperity Profile Paradigm™ https://melabraham.co

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

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 instead? - Should I keep putting money in my 401k? - I have a significant investment in a single company. How do I reduce my risk? - I'm in the second year of my business. Should I do a 401k or go for a SEP IRA? Those of you who have questions about money, investment, or finances, shoot them my way, I will gladly answer them. My ultimate goal is to show you the path to financial independence and affluent life, which I consider a birthright. Resources: - Affluent Entrepreneurs Private Facebook Group https://www.faceb

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 our embodied archetype, and how to discover it - Robert Dilts' Logical Levels framework, and its connection with our embodied archetype - How can we adapt Dilts' framework into our Money Identity Cascade™ This episode requires more than just listening to it; we need to slow down, sit down, and do the work. It asks mind-boggling and game-changing questions with the sole purpose of shaking things up, and pushing us out of our financial comfort zone.  Resources:  - The Money Identity Cascade™ https://melabraham.

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? - How am I going to contribute to retirement? - I just inherited $200,000. How should I invest it? With these Q&A episodes, I wish to contribute and add value to the Affluent Entrepreneurs community. Keep on sending me your doubts, suggestions, and questions through any of the communication channels available, so we can keep you moving forward and rock and rolling in the process.  Resources Mentioned: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - The Affluence Blue

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 entrepreneur - The Entrepreneur Transition Formula™, and how it serves us in our transition - The difference between doing what we love, and creating value with what we are passionate about - How we can know if our entrepreneurial endeavor is ready to replace our income To start our business, we must be committed and give 110% to our project. The secret of our success lies in the preparation, the planning, and making the right choices. That is why going through the nine steps of the Entrepreneur Transition Formula is vital - we

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 scalable but not sellable - What are the four levels of the entrepreneurial journey matrix - The advantages and disadvantages of each entrepreneurial level The different levels of entrepreneurship are not about rankings. Each level offers a unique way of solving a problem, but most importantly, it determines the possibilities of scaling our business. The kind of entrepreneur we want to be is a conscious choice, and we get to decide what is the best way to operate our business or businesses.  Resources:  - The Money Mi