611. The Five Incomes to Building Your Money Machine with Mel Abraham

The Product Boss Podcast

Jacqueline Snyder

Marketing, Entrepreneurship, Business

4.8 • 912 Ratings

🗓️ 12 August 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Welcome back, product bosses! We have another amazing episode with special guest and one of my close friends, Mel Abraham. For those of you who don’t know who Mel is, he is a CPA by education, an entrepreneur, money mentor, and a #1 bestselling author! Today, we’re chatting about Mel’s newest book, “Building Your Money Machine: How to Get Your Money to Work Harder for You Than You Did for It!”.

Together, we dive into the five levels of income and the importance of each, plus Mel busts one of the most common myths surrounding “passive income”! We also discuss limiting mindset beliefs around money and how to shift them, why you shouldn’t compare your financial journey to others, and how to create a plan around money so that every dollar is assigned a job.

No matter where you are on your financial journey, in either your business or your personal life, you’ll definitely want to tune in for actionable tips about how you can generate income that’s no longer tied to your work and efforts but that allows you to embrace and achieve financial freedom in your life. And remember it’s never too late to start building wealth!

To celebrate Mel’s newest release, we are giving away 5 copies! All you have to do is write a review of the podcast and then screenshot it and send it to us in a DM on Instagram or via email.

Resources:

Grab Mel’s Book, Building Your Money Machine: How to Get Your Money to Work Harder for You Than You Did for It!
Connect with Mel on Instagram.
Learn more about Mel and listen to his podcast here.
Enter for your chance to win 1 of 5 copies of Building Your Money Machine by leaving a podcast review and sending us a screenshot of your review to [email protected] or DM us your screenshot on Instagram @theproductboss.
Looking for quick and creative ways to make money that you can implement, starting today? Grab our FREE 20 Ways to Make Money worksheet by clicking here.
Need help creating a marketing strategy for the 2024 holiday season that successfully resonates with your customers and gets you loyal customers that actually buy from you? Then grab our 101+ Content Ideas Beyond the Discount: 2024 Holiday Edition to get content ideas for the ENTIRE holiday season!

Connect:

Website: theproductboss.com
Instagram: @theproductboss

Mentioned in this episode:

Inclusion & Marketing Listen to Inclusion Marketing wherever you get your podcasts

Inclusion & Marketing

Hubspot’s AI Trend for Marketers Go to Hubspot.com/marketing to download it for free

Transcript

Click on a timestamp to play from that location

0:00.0	My fear cost me $4 million.
0:02.1	So wherever you are, age, stage, or circumstance,
0:05.3	the key is getting in the game.
0:06.9	And even if you're sitting back saying, Mel,
0:08.8	all I got is $5.
0:10.3	Good.
0:11.3	Five dollars will develop a habit.
0:12.2	It'll develop a habit that will turn in 10 to 100 to 1,000.
0:16.0	Hi, I'm Jachlan Snyder, and this is the Product Boss podcast. I've helped launch and grow
0:24.5	thousands of product-based businesses, even one of my own. And over the last
0:29.0	20 years I've seen behind the scenes of businesses just like yours. Whether they are makers,
0:34.8	manufacturers, artists, or food and beverage businesses, I have spent so many
0:39.3	hours studying it all. I've discovered what makes them successful, what mistakes they could have
0:44.7	avoided, how did they turn their ideas into a successful business, and what are the strategies
0:50.3	that they have used to make more sales and be discovered by more customers.
0:55.1	And this is what this show is all about.
0:58.2	Whether you're just starting out or you're looking to become a million dollar product
1:01.2	boss, I'm here to give you the permission to chase your dreams,
1:04.8	no matter how big or small. All you need is the right mindset, a little courage, strategy, and
1:10.8	support, and you too can be the next million dollar product boss. Let's do this.
1:20.4	Hey hey product bosses well welcome back to the show.
1:23.0	And I am just thrilled about today's episode.
	...

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