708. How to Build Your Money Machine: The Five Incomes to Financial Freedom with Mel Abraham
The Product Boss Podcast
Jacqueline Snyder
4.8 • 912 Ratings
🗓️ 14 July 2025
⏱️ 56 minutes
🧾️ Download transcript
Summary
Welcome back, Product Bosses! We’re bringing back one of our most powerful and popular episodes with Mel Abraham, a financial expert, business advisor, and bestselling author of Building Your Money Machine. This conversation is packed with mindset shifts and tangible strategies to help you separate your income from your effort—and finally start building the life you’ve been dreaming of.
Mel walks us through his Five Incomes Model, helping demystify what it really means to have “multiple streams of income” (spoiler alert: most of us have been thinking about it all wrong!). We also dig deep into money mindset, including what holds many entrepreneurs back, and how even $5 can start you on the path to financial independence.
Whether you're just beginning to build your product-based business or you're well on your way, this episode will inspire you to start viewing money as a tool—not a trap. Plus, we’ve included a freebie with 20+ creative ways to make extra income starting today. So tune in, take notes, and let’s build your money machine!
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.
- 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.
- Say hello to the Accelerate Your Sales podcast bundle. It’s my absolute best, totally-free playlist of episodes that will show you exactly how to stop being the best kept secret. Click here for your shortcut to more sales!
- Join our mailing list for access to additional training and support to turn your business into the best it can be.
Connect:
- Website: theproductboss.com
- Instagram: @theproductboss
Mentioned in this Episode:
Instacart
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Gloci
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Transcript
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| 0:00.0 | Hi, I'm Jacqueline Snyder, and this is the Product Boss podcast. I've helped launch and grow |
| 0:07.6 | thousands of product-based businesses, even one of my own. And over the last 20 years, I've seen |
| 0:13.3 | behind the scenes of businesses just like yours. Whether they are makers, manufacturers, |
| 0:18.8 | artists, or food and beverage businesses, I have spent so many |
| 0:22.4 | hours studying it all. I've discovered what makes them successful, what mistakes they could have |
| 0:27.8 | avoided, how did they turn their ideas into successful business, and what are the strategies |
| 0:33.3 | that they have used to make more sales and be discovered by more customers. And this is what this |
| 0:39.3 | show is all about. Whether you're just starting out or you're looking to become a million |
| 0:43.7 | dollar product boss, I'm here to give you the permission to chase your dreams, no matter how big or |
| 0:49.1 | small. All you need is the right mindset, a little courage, strategy, and support, and you too can be |
| 0:55.8 | the next million dollar product boss. Let's do this. Oh my goodness, friends, if you are anything like |
| 1:02.6 | me, you've probably spent more time running errands than running your business. Am I right? |
| 1:06.4 | Like everything needs something. We got to run around. And I knew that this was like a major issue |
| 1:11.4 | from me back in the day, which is why I decided to get help where I could. And I decided to let |
| 1:17.1 | Instacart handle all of my grocery shopping. So I no longer had to worry about running all the errands |
| 1:22.1 | and having to run out and get more almond milk from my lachase. Rather, I was like, you know what, |
| 1:26.1 | we're just going to let Instacart handle that. So I want you to imagine skipping the store and getting back to designing, |
| 1:31.2 | packaging orders, making, or maybe actually taking a break, even a nap. Remember those? Okay, so with |
| 1:36.7 | Instacart, you can get groceries and essentials delivered in as fast as an hour so you can focus |
| 1:41.4 | on growing your business without sacrificing a meal. Plus, less |
| 1:44.2 | stress and more focus. And here's a tip. I've actually used Instacart before to order gifts from my |
| 1:48.7 | daughter's friend's birthday parties because I haven't had time to run out and get presents. And I've |
... |
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