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PODCAST

Building Your Money Machine

Mel H Abraham, CPA, CVA, ASA

Welcome to "Building Your Money Machine, 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

business investing

All Episodes

26:01

If I could only buy 4 assets, this is what I would do...

Building Your Money Machine ·

2024/09/16

Ready to build wealth simply and effectively? Say goodbye to convoluted strategies and confusion!In today's episode of the Building Your Money Machine Podcast, I dive into the four key assets I would focus on if I were building wealth from scratch. I share how investing in yourself, diversified ETF's, real estate, and businesses can set you on the path to financial freedom. Learn how to align these investments with your lifestyle, leverage your expertise, and make informed decisions for susta...

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26:00

9 Assets That Are Making People Rich (2024 and Beyond)

Building Your Money Machine ·

2024/09/12

Ever wonder what sets the financially free apart from the rest of us? It’s all about leveraging the right assets.In today’s episode, I dive deep into the nine assets that are making people rich and allowing them to live lives of choice and freedom. From cash for liquidity and opportunities to the power of index funds and real estate, I cover it all. Plus, I’ll share the story of how a six-year-old highlighted the importance of breaking free from the earnings-efforts treadmill.If you're ready ...

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27:25

Why You Should Not Buy Life Insurance

Building Your Money Machine ·

2024/09/09

Are you prepared to uncover the truth about life insurance? It's not just about avoiding unnecessary expenses; it's about securing your financial future!In today’s episode, I dispel the myths and clarify the misconceptions surrounding life insurance. I delve into the reasons why you might not need to buy life insurance, the different types of policies available, and the factors you need to consider before making a decision. From term policies to permanent life insurance, I break it all down t...

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31:38

10 Things That Are A Complete Waste Of Your Money

Building Your Money Machine ·

2024/09/05

Do you ever feel like you're just throwing money away? It’s time to stop the madness and take control of your financial future!In today’s episode, I dive into 10 things that are a complete waste of your money and how you can avoid them. From the education that doesn't pay off, to the hidden costs of high bank and investment fees, I cover it all. I also go into why lottery tickets and gambling never add up, why convenience stores might as well be called overpriced stores, and the pitfalls of b...

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32:37

Financial Advisor Reveals the Worst Things To Do with...

Building Your Money Machine ·

2024/09/02

Understanding how to smartly handle debt can drastically change your financial well-being and reduce stress in your life.In today’s episode, I tackle some of the worst financial decisions you can make and how to avoid them. From the pitfalls of over-leveraging in real estate to neglecting your investment portfolio, I break down what you should steer clear of to maintain financial health. I share personal stories, including a costly investment mistake I made, to highlight the importance of eve...

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38:05

How Much You Should Save In Your 401K (By Age)

Building Your Money Machine ·

2024/08/29

Are you ready to take control of your retirement savings and ensure you're on the right path to financial freedom?In today’s episode, I dive into the crucial topic of how much you should save in your 401K by age, drawing insights from a comprehensive 23-year Vanguard study involving 5 million participants. Whether you're just starting your career or planning your retirement, you'll find valuable information on setting realistic financial goals, maximizing those employer matches, and the aston...

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21:53

6 Levels Of Thinking If You Want To Get Rich

Building Your Money Machine ·

2024/08/26

Ready to elevate your thinking and unlock the path to financial freedom?In today’s episode, I dive into the six levels of thinking for those who want to get rich. It's not just about the tactics or the strategies; it’s about shifting your mindset. I outline each of the six levels, from survival thinking to legacy thinking, and discuss how mastering these levels can transform your financial behaviors and results. Whether you're just starting out and focused on immediate needs or you're ready t...

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21:03

Do THIS If You're Feeling Poor

Building Your Money Machine ·

2024/08/22

Do you feel trapped in a job that isn't fulfilling you? Do you feel like there's more you could be doing with your life and your finances? If so, you're not alone, and this episode is for you!In today’s episode, I unveil a powerful framework that has transformed the lives of many of my clients and myself - the Entrepreneur Transition Formula. I'll walk you through the steps to transition from a nine-to-five job to entrepreneurship without recklessness, giving you the tools to pursue your pass...

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32:56

Once you learn these money lessons, you will never be...

Building Your Money Machine ·

2024/08/19

Are you ready to discover the money lessons that can change your financial future forever? It's not just about making money; it's about creating a life you love and achieving true financial freedom!In today’s episode, I dive into the essential money lessons that transformed my relationship with finances and put me on the path to wealth. I emphasize the importance of consistent long-term investing, understanding the difference between productive and destructive debt, and the necessity of havin...

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32:23

The Stock Market Collapse Is Not As Scary As You Think

Building Your Money Machine ·

2024/08/15

Are you worried about the recent stock market decline? Don't panic, I've got you covered!In today's episode, I share my perspective on the current market situation and provide proactive strategies for navigating these turbulent times. I discuss the factors contributing to the decline, such as disappointing earnings reports from major companies and concerns about a potential recession. I also delve into the global impact, including the significant drop in Japan's stock market and its influence...

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27:02

How Much Should Your Net Worth Be? (according to your...

Building Your Money Machine ·

2024/08/12

Are you wondering where you stand on your wealth journey and if you're on track to achieve your financial goals? It's a question that haunts many of us as we navigate the path to financial freedom.In today's episode, I dive into the concept of net worth and break down the numbers based on age, so you can see how you measure up. I reveal the latest data from the Federal Reserve's Survey of Consumer Finances and share median and average net worth figures for various age groups. But before you c...

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17:03

Investing $10 a day for 5 years. Here's what happens…

Building Your Money Machine ·

2024/08/08

Ready to see the power of investing just $10 a day? You won't believe how it can add up over time!In today's episode, I take you through the math to show you what happens when you invest a small amount consistently over 5, 20, 25 and even 30 years. I compare investing in VOO (an S&P 500 index fund) vs VTI (a total stock market fund) to demonstrate the growth potential. The numbers will blow your mind!I also emphasize why getting in the wealth-building game is so important, no matter how m...

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28:10

Financial Armageddon is coming. Here's how you...

Building Your Money Machine ·

2024/08/05

Are you worried about financial Armageddon and how to protect yourself? Don't panic, I'm here to help you prepare!In today's episode, I share my thoughts on the current state of the economy and what it means for your financial future. I break down the factors contributing to economic uncertainty, from high debt levels to market volatility. But more importantly, I provide actionable strategies to help you weather any storm and come out on top. From building your financial literacy to managing ...

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20:06

You can build wealth even if you're in debt... here's...

Building Your Money Machine ·

2024/08/01

Are you wondering if you should start building wealth even if you're in debt? You're not alone! It's a common question with a not-so-simple answer.In today's episode, I dive into the complexities of managing debt while investing for your future. I explore the two personality traits of all debt, the importance of having a debt payment plan, and why building wealth is as much a psychological game as it is a financial one. I also introduce the wealth creation curve and explain why starting to in...

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26:01

For Those Who Are Obsessed With Getting Rich

Building Your Money Machine ·

2024/07/29

Do you dream of financial freedom and living a life of choice? It's not only about making money but also about making the right choices!In today’s episode, I dive deep into what it takes to truly achieve financial liberation and live a rich, fulfilling life. I explore the behaviors, choices, and decisions that contribute to wealth creation. From prioritizing investments to understanding the pitfalls of quick results and looking rich versus being rich, I break it all down. Plus, I share action...

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28:03

Buy THIS To Become Rich in Your 20s (and beyond)

Building Your Money Machine ·

2024/07/25

Want to know the secrets to becoming rich in your 20s and beyond? It's not just about working hard; it's about making smart investments and life choices that set you up for financial liberation.In today’s episode, I dive deep into the eight critical investments I would make if I could go back to my twenties. From maximizing your 401K match to the power of mentorship, I share strategies that can multiply your money and build wealth. I discuss the importance of investing early, living within yo...

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23:15

Is it too Late for You to Get Rich?

Building Your Money Machine ·

2024/07/22

Ever wondered if it's too late for you to achieve financial freedom and get rich? I've got you covered in today’s episode!Join me as I dispel the myth that it’s too late to build wealth. I share insights on how to get started no matter your age or stage in life. From the importance of running your own race to practical steps in investing and wealth creation, I walk you through the essential pillars that can help you build a fulfilling and financially free life.If you’re ready to take control ...

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22:22

Investing Should Not Be Fun... Here's Why

Building Your Money Machine ·

2024/07/18

Are you ready to discover why investing should not be fun if you want to ensure financial success? It's not just about making decisions that feel good, it's about securing your future!In today’s episode, I delve into the critical differences between investing and gambling, emphasizing why emotional decisions can lead to financial disaster. I share my personal experiences and costly mistakes, highlighting the importance of a disciplined, long-term approach to investing. From understanding the ...

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22:44

401k Mistakes You Didn't Know You Were Making

Building Your Money Machine ·

2024/07/15

Ever wondered if you're making some major mistakes with your 401(k)? You could be losing out on free money or taking on dangerous risks without even knowing it!In today's episode, I dive into the top five mistakes people make with their 401(k) plans and how to steer clear of them. I discuss the importance of participation, the perils of being over-focused on company stock, and ensuring your portfolio is structured just right. From avoiding loans to understanding the severe consequences of ear...

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25:29

5 Things You Should Quit To Simplify Your Finances

Building Your Money Machine ·

2024/07/11

Are you ready to simplify your financial journey and remove the complexities that hinder your path to financial freedom?In today’s episode, I break down five key things you should quit to simplify your finances and achieve consistent wealth building. I dive deep into the pitfalls of meme, trend, and fad investing, and why emotional, speculative decisions can lead to financial ruin. I also discuss the importance of automating your bill payments and investments, thinking long-term, and focusing...

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492 results

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