Mastering Money: Mel Abraham's Guide to Smart Investing and Wealth Building
Get your active and business income running like crazy. And they have no reason why other than million dollars is a magic number.
Ever wondered how to make your money truly work for you? In this episode of 'Mommy Millionaire', Cayla Craft chats with Mel Abraham, a seasoned entrepreneur, CPA, and author of the bestseller 'The Entrepreneur’s Solution: The Modern Millionaires Path to More Profit, Fans, and Freedom'. Mel brings a wealth of knowledge on how to invest wisely and design a lifestyle that aligns with your financial goals.
He emphasizes the importance of prioritizing investments and living off the remainder, a strategy that could revolutionize your approach to money management. Mel also shares his insights on the five levels of income, advocating that the top three should ideally replace 75 to 100 percent of your earnings. The conversation doesn't stop there. Mel dives into the critical role of financial planners, offering tips on how to find one that suits your needs.
He also highlights the dangers of Ponzi schemes and unvetted investments, drawing from his own experiences to stress the importance of thorough vetting. If you're looking to set up your business finances correctly and avoid common pitfalls, this episode is packed with practical advice. Cayla and Mel's discussion is not just informative but also engaging, providing listeners with actionable steps towards financial freedom.
Tune in to learn how to become the captain of your financial ship and start building wealth the smart way.