How To Manage Your Money Like The 1%

Building Your Money Machine

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6M ago 18:12

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Are you ready to dive into the secrets of managing your money like the ultra-wealthy? It's not about amassing wealth but managing it smartly!

In today’s episode, I unravel the habits and strategies of the top 1%, showing you how they manage their money to build and sustain their wealth. From real-life insights on budgeting to investing wisely, you'll discover how these economic trendsetters focus on more than just their earnings. I delve deep into the mindset and mechanisms that drive their financial success and how you can apply these principles to your own life.

Want to transform your approach to money and carve your path to financial freedom? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

Building a "cash resource plan” over simple budgeting
The importance of having a vivid vision and a robust financial plan
Executing strategies like the “wealth priority ladder” to maximize your investments

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PRE-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.

Capitole

1. Mel Abraham introduces the show's objectives. (00:00:00)

2. Mel shares his personal background. (00:01:42)

3. Focus on educating listeners on financial management. (00:03:03)

4. Explanation of budgets and cash resource plans. (00:04:18)

5. Systematic planning from vision to actions. (00:06:35)

6. Implementing joy points within financial planning. (00:08:33)

7. The importance of enjoying the journey to financial freedom. (00:10:04)

8. Critique of traditional budget plans and an alternative approach. (00:11:42)

9. Investing as a priority before spending. (00:13:22)

10. Planning every dollar with a recipe-like strategy. (00:15:01)

11. Encouragement to persist on the wealth creation journey. (00:16:29)

368 episoade