How To Manage Your Money Like The 1%

Are you ready to dive into the secrets of managing your money like the ultra-wealthy? It's not about amassing wealth but managing it smartly!
In today’s episode, I unravel the habits and strategies of the top 1%, showing you how they manage their money to build and sustain their wealth. From real-life insights on budgeting to investing wisely, you'll discover how these economic trendsetters focus on more than just their earnings. I delve deep into the mindset and mechanisms that drive their financial success and how you can apply these principles to your own life.
Want to transform your approach to money and carve your path to financial freedom? Tune in to the full episode now!
IN TODAY’S EPISODE, I DISCUSS:
Building a "cash resource plan” over simple budgeting
The importance of having a vivid vision and a robust financial plan
Executing strategies like the “wealth priority ladder” to maximize your investments
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PRE-ORDER MY NEW BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
www.melabrahamtraining.com/yo...
The key to building the life you desire and deserve is to build your Money Machine-a powerful system designed to generate income that’s no longer tied to your work or efforts. This step-by-step guide goes beyond the general idea of personal finance and wealth creation and reveals the holistic approach to transforming your relationship with money to allow you to enjoy financial freedom and peace of mind.
Part money philosophy, part money mindset, part strategy, and part tactical action, these powerful frameworks will show you how to build your money machine.
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★ WHO IS MEL ABRAHAM ★
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I’m a CPA by education but an entrepreneur by exhilaration, entrepreneur and author of the #1 Bestseller, The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans & Freedom. I’m the founder of Thoughtpreneur™ Academy & Business Breakthrough Academy where I help entrepreneurs bring their businesses to the world and build the lifestyle that they want. I have helped and advised some of today’s top entrepreneurs to build their businesses, create their wealth and find financial independence.
After finding a cancerous tumor in my bladder larger than a baseball in June 2019, I began to openly teach The Affluence Blueprint™ because my cancer journey spotlighted the immediate and urgent need for entrepreneurs to find “financial liberation” and peace of mind. Most entrepreneurs are building a financial house of cards and don’t even realize it…and traditional financial advice will not work for them.
Now it’s your turn!
Meet Mel at melabraham.com/
Cheers,
Mel
==== Time Stamps ====
00:00:00: Mel Abraham introduces the show's objectives.
00:01:42: Mel shares his personal background.
00:03:03: Focus on educating listeners on financial management.
00:04:18: Explanation of budgets and cash resource plans.
00:06:35: Systematic planning from vision to actions.
00:08:33: Implementing joy points within financial planning.
00:10:04: The importance of enjoying the journey to financial freedom.
00:11:42: Critique of traditional budget plans and an alternative approach.
00:13:22: Investing as a priority before spending.
00:15:01: Planning every dollar with a recipe-like strategy.
00:16:29: Encouragement to persist on the wealth creation journey.

[@MelAbraham]

To go deeper, pre-order my new book, Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! When you do you’ll also get over $1300 in wealth resources & bonuses for FREE! CLICK YourMoneyMachineBook.com

[@darkskinamerican7826]

I used to spend my Friday nights blowing my money drinking alcohol and doing drugs with my friends. Now I’m sober and spend my Friday nights watching videos like yours to help me change my life around. Thank you for the content! 💪

[@MelAbraham]

You got this - so amazing to see you doing things to live your good life. Keep rocking it

[@michaelmansour6326]

I hope you can reach many more people out there with your channel. Great info here!

[@J-GMORE]

You’re the Al Pacino of finance. I’ve really enjoyed your videos. Thank you so much for sharing them with us

[@MelAbraham]

Omg this is the best comment ever thanks!!!

[@richardcarlyon2270]

I spent most of y money on women , wine and the horses …the rest I wasted

[@OurRetireEarlyJourney]

All about discipline to save first, allocate correctly and live well below your means.

[@MelAbraham]

Yep - behaviors :-)

[@VitalBigras]

Thank You 😊 really motivating

[@RosieLindsey-bq9tb]

Great video

[@1Billyon]

Great blueprint for success!

[@MelAbraham]

Thank you and yes!

[@FreshWaterWindsurfer]

Thanks Mel. You're my new financial coach 👊. Do you have a video on buying a car? I'm planning on buying a used car soon with cash. Thank you

[@MelAbraham]

Not yet! But tell what you want to know and we can make it happen.

[@FreshWaterWindsurfer]

@MelAbraham Tips on getting the best deal and how to negotiate best price on a car - when paying cash. I heard that I could go in and pretend I want financing through dealership for a better final price. Then a few days later go to bank and payoff loan in full with cash.

[@Malekfahad420]

Hey Abraham, really nice video ! I was wondering if I could help you with Best Quality Editing in your videos better than your Editor with good pricing and also make a highly engaging Thumbnail which will help your videos to reach to a wider audience ? Pls let me know what do you think ?

[@tanisemmello]

❤