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Online Marketing Made Easy with Amy Porterfield

#688: How To Break Free From The Fear You Have Around Money with Mel Abraham

Online Marketing Made Easy with Amy Porterfield

Amy Porterfield

Entrepreneurship, Business, Marketing

4.94.9K Ratings

🗓️ 13 June 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

Understanding your finances, investing like a pro, and reaching the financial freedom you’ve always wanted. As an entrepreneur, I'm sure you know how important it is to understand your finances. You're the one who's solely responsible for bringing it in every month, and it can be super stressful and confusing, right?! I'll be honest – when I first started my entrepreneurial journey, I really struggled with my finances. I didn't know how to plan ahead, invest, or make smart financial decisions, and I made a lot of mistakes in those early days. But it doesn't have to be the same for you! Today, you're in the best hands to learn those skills and much more with brilliant CPA and extremely successful entrepreneur Mel Abraham. He's here to share two super simple yet powerful money concepts he coaches his clients on. And if you haven't heard of his book "Building Your Money Machine," you're in for a treat! It's an incredible resource with practical and actionable steps to help you build a solid foundation for financial success. Mel also opens up on how he managed an extremely scary cancer diagnosis. It was then that he saw the financial challenges small business owners face and decided to put his principles into his book. My friend, with Mel's wisdom, you can build wealth like never before and finally achieve the financial freedom you've always wanted. Today, we discuss: (7:59) How Mel’s cancer journey affected his business (12:40) Understanding why you might have a fear of making financial decisions (21:07) The importance of having open conversations about money and having a backup plan (24:35) Using the “wealth priority ladder” to create a good financial foundation, have priorities, and maximize the returns of every single dollar (32:35) Tips and tricks for investing your money for financial freedom (38:03) How to be debt free in your retirement (44:13) Everything you will learn from Mel’s brilliant book! Listen in and take control of your finances today! Trust me – this is an episode you don't want to miss. Rate, Review, & Follow on Apple Podcasts "I love Amy and Online Marketing Made Easy." If that sounds like you, please consider rating and reviewing my show! This helps me support more people -- just like you -- move toward the online life and business that they desire. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let me know what you loved most about the episode! Also, if you haven’t done so already, follow the podcast. I’m adding a bunch of bonus episodes to the feed, and if you’re not following, there’s a good chance you’ll miss out. Follow now!

Transcript

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0:00.0

The idea behind affluence is to be able to say I am free to live a life of choice

0:06.9

and make decisions to create little legacy pools and givebacks and generosity and know that I'm experiencing life fully.

0:17.0

I'm Amy Porterfield, ex-corpate girl turned CEO of a multi seven figure business, but it wasn't all that long ago that I lacked the

0:25.0

confidence the budget and the time to focus on growing my small but mighty business

0:31.6

fast forward past many failed attempts and

0:35.1

lessons learned and you'll see the business I have today, one that changes lives and

0:39.8

gives me more freedom than I ever thought possible,

0:44.0

one that used to only exist as a daydream.

0:48.0

I created the online marketing made easy podcast

0:50.0

to give you simple, actionable step-by-step strategies to help you do the same.

0:56.0

If you're an ambitious entrepreneur or one in the making who's looking to create a business that makes

1:01.6

an impact and a life you love, you're in the right place,

1:04.9

friend. Let's get started. Well, hey there friend, welcome back to online marketing made easy. Thanks for

1:18.4

tuning in and spending your precious time with me today. I appreciate it more than you know. Now today

1:24.8

we're talking about one of the most popular topics that I've shared on my podcast,

1:30.1

Money. And my guest today is not only a season CPA, but he's also a successful entrepreneur himself,

1:37.0

having built, bought, and sold multi-million dollar businesses.

1:41.0

It's safe to say, we're in good hands today. His name is Mel Abram and I'm

1:46.4

excited to have him on the show because he's going to share two simple yet powerful

1:50.8

concepts that he coaches his own clients on.

1:55.0

And so you're basically going to get a front row seat to Mel's coaching methods.

1:59.7

He's also going to talk about his tips to lay a strong foundation in your business so that

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