Ignite a Financial Firestorm: Unleash Your Money Power & Build Your Wealth! | IG Live w/ Mel Abraham

Women of Impact

Impact Theory

Education, Society & Culture, Mental Health, Relationships, Health & Fitness

4.7 • 657 Ratings

🗓️ 12 July 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to "Women of Impact!" In this compelling episode, our host Lisa Bilyeu sits down with the insightful Mel Abraham, a seasoned CPA, consultant, and author, for an eye-opening conversation about taking control of your finances. Drawing from his personal experiences and financial setbacks, Mel dives deep into the importance of creating a sense of safety and open communication around money within relationships. Together, Lisa and Mel explore the challenges women often face with financial literacy, particularly when they've entrusted their partners to manage their finances. They discuss how this can leave women feeling unsure and powerless, and Mel shares actionable strategies to regain financial confidence and independence. From understanding the profound impact of money communication on relationships to practical advice like building an emergency fund and the importance of prenuptial agreements, this episode is packed with valuable insights. Join us as we uncover the critical role financial literacy plays in empowering women to take control of their lives, all while maintaining trust and honesty in their relationships. Plus, find out how you can get your hands on Mel's transformative new book and additional resources designed to help you become the hero of your own financial journey. Get ready to feel inspired and equipped to tackle your finances head-on! TIMESTAMPS: 00:00 Learn about finance, build confidence, achieve peace. 05:17 Starting impact theory, urged to split unevenly. 07:45 Importance of woman feeling safe, especially with money. 09:53 Plan long-term, avoid criticism and judgment. 15:56 Women invest less, but are better investors. 18:22 Embraced adversity, learned, grew, and succeeded financially. 22:06 Finding purpose in financial decision-making is crucial. 25:18 Financial stability and peace of mind. 29:58 Manipulation leading to financial ruin and betrayal. 31:31 Early communication about money prevents relationship issues. 36:53 Financial change, value, communication, and strategy required. 40:44 Address issues, be honest, and move forward. 43:16 Book offers free resources for money strategy. 44:51 Peaceful resolution achieved; conflict resolved. SPONSORS: Go over right now and sign up for just one dollar a month with your trial period at https://Shopify.com/lisa Go to https://butcherbox.comNYBBS and use coupon code NYBBS and you can enjoy the choice of bone-in chicken thighs, top sirloin or salmon for absolutely free in every single box for an entire year plus you get $20 off. Go to https://www.heytabu.com/discount/LISA15 use code LISA15 to save 15% off your order Get 5 free AG1 Travel Packs and a FREE 1 year supply of Vitamin D with your first purchase your first purchase by going to https://drinkAG1.com/lisa. Go to https://tryviome.com/LISA and use code LISA to get 20% off your first 3 months, and take control of your gut health today! ORDER YOUR COPY OF LISA'S BOOK "RADICAL CONFIDENCE" (NOW IN PAPERBACK & WITH A NEW CHAPTER!) & GET YOUR FREE BADASS BONUSES: https://bit.ly/radcon ***CALLING ALL BADASSES!*** If you really want to level up your confidence game, check out the WOMEN OF IMPACT SUBSCRIPTION, specially designed to turn you into the badass you were born to be! *New episodes delivered ad-free, EXCLUSIVE access to hundreds of archived Women of Impact episodes, and so much more!* Don't settle for mediocrity when you can be extraordinary! *****Subscribe on Apple Podcasts: https://apple.co/457ebrP***** Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Progressive Insurance. Do you ever think about switching insurance
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0:50.7	What up my homie? Now, did you know that money is the second leading cause of divorce? And too many
0:58.1	freaking women end up focusing so much on other parts of the family and just let their partner
1:02.7	deal with the finances that unfortunately we end up sometimes never talking about it or never
1:07.8	talking about the money. So as a woman we end up having no idea where
1:11.9	the money is, how much there is or even how to access it. And that breaks my heart. So if
1:18.7	you're one of those women who up until right now has no confidence around money, first
1:23.2	of all, my homie, as always, you're not alone. It's not like financial literacy is taught in schools.
1:29.3	You weren't taught it. And so there's so many of us out there that just don't know how to act or deal with money.
1:36.3	And let's face it, when there's so many other things that you've got to worry about in life, it seems easy just to let your partner handle it.
1:42.3	But there's no reason why you can't
1:44.6	learn a bit more about finance and then eventually build your confidence around it so you never
1:49.5	have anxiety or curiosity about it. And that's why today I'm sharing this Instagram live replay
	...

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