The Entrepreneur's Solution: Business Tips | Wealth | Lifestyle | Entrepreneur | Success

How are you really?  This is a big question that most don't ask often enough. Because we don't ask it often enough, we can find ourselves living a mildly miserable life or a life that isn't fulfilling us the way we want. In fact, this is where a lot of burnout and overwhelm comes from. Today’s guest is my good friend Jenna Kutcher, the host of the Goal Digger Podcast, one of the top podcasts around business, marketing, and how to chase bold dreams. In this episode, we’re discussing her new book: “How Are You, Really?”. Jenna describes this book as an answer to how to wake up to your life, redefine success, and come home to yourself. It will help you explore questions such as: How do you find happiness? How do you find that enrichment in life beyond chasing material possessions? Because that is always the ultimate goal: to enrich your life beyond money. This episode will help you realize that it’s never too late to find what you are really passionate about, and how creating something you love an

When thinking about our financial future we want what is best for us and our family. For some people, this looks like creating retirement accounts that can help their money grow over time. These accounts come in different types and have different benefits. And in every wealth plan, there’s one thing you can’t avoid…taxes. Taxes are simply a part of every financial journey BUT your job is to only pay the amount you are legally required to, not one penny more. Considering that tax rates could approach 50% or more depending on the state you live in, it isn’t a decision to take lightly. But what if you could have a portion of your retirement or wealth be completely tax-free? Cool idea, right? That’s effectively what a Roth is. No tax deduction when you put money in AND no taxes on any amount when you withdraw it (after age 59 ½) on any of the growth or the contributions. Some people already have an IRA, or a different type of account, and they’re trying to figure out if making a conversion to Roth IRA is the best

If you’ve been listening for a while, you know that I believe that multiple streams of income are no longer a luxury, but a necessity. If you’re on this journey already, wanting to accelerate your path towards wealth by diversifying your income, then this episode is for you. It’s also for you if you want to finally be in control of your financial future. Now, finding the right path towards a desired goal takes intentionality. We need to think about what we do, and how we are doing it, and avoid taking uncalculated risks. This means making a conscious effort to favor commitment over impulsivity. In this episode, we are going over three different pillars that will help you quit your job and go full-time on your business, or transition from one business to the next. This plan will allow you to stay committed to your wealth creation and, over time, have that cash flow and the financial freedom that you deserve. Today our conversation includes: Three pillars that will help us make our transition out of a job, to a

Building wealth is not an easy road. There are steps, paths that you have to take and you have to know how to do it safely without jeopardizing your future and your family's future. Knowing what to invest in and how to do it is a very important part of the road toward building wealth. In order for us to get our financial freedom, we have to identify good investments and how to approach them. So, in this episode, we are going to talk about how to choose investments and how to look at them in a way where we can know exactly what that investment is doing for us so we can start building our money machine to create the life we always dreamed of having. Today our conversation includes: 3 investments that you need to have in your portfolio.Real estate as a growth investment.How to approach investments knowing what they are going to do for you in the future. Resources mentioned: Download The Affluence Blueprint™ Graphic (Three Pillars of Affluence)Ep 025:  How to Invest in Index Funds or ETFsEp 009: Why Assets a

Making choices during uncertain times is not easy, however, nothing that is worth your time is easy, and this becomes especially true when you feel like you're stuck not following your dreams. That's why creating an online source of revenue is so important. Having a second or a third income is not a luxury, it is a necessity in the changing market we currently have. This is about your financial security and your family's financial future.   Getting your dream job is possible, but you have to be willing to work and put in the effort that is needed. Channeling those efforts towards the online world will help you reach more people while you prioritize your safety and fulfill your personal goals. In today’s episode, James and I are sharing some ways and steps you can take to achieve wealth through an online business, so you can start doing it right now. Today, our conversation includes:What is the importance of a digital product?How to approach life when things look difficult.How to identify what w

The road towards financial freedom is not an easy one. It will be filled with work, time, resources, and, especially, patience. We want to have an affluent lifestyle, and in order to achieve it we first need to know what we want and then make our way, step by step, towards it. One of the first things we need to know is where we are going. We need to have a vision that sets the roadmap. Then, we must identify what we have and what we don't, and what we can do to get it. That is why getting financial education and talking about money with your family and advisors is important. We cannot be afraid of the “money talk”, and we need to have it early on. We can't wait for an impossible situation to have the talk, we need to be prepared. So, hopefully, in this episode we can figure out what's missing from our Affluence Blueprint™ and how to get it so we can achieve wealth and financial freedom. Today, our conversation includes:10 things we need to have in mind so we can work towards our financial freed

Being able to financially protect your family is the most important thing you can do, but, sometimes, we as human beings make mistakes. We can forget to look for signs of danger and we can run into financial scams that could affect our family's future. As entrepreneurs, at times we think that we are indestructible and that no harm could ever come our way, when the reality is that we face the danger of being scammed every day, especially within the context of the online world. Remember that if you are to find financial freedom, if you are to create wealth, you need to understand how to avoid those scams. In this episode, we’ll discuss how to protect your legacy and your family’s legacy, how to understand the key warning signs that you should keep an eye out for, and what to do to avoid this danger and keep yourself safe. Today, our conversation includes:The top 10 psychological and emotional triggers that scammers use.The 10 steps that you need to follow in order to stay safe.The importance of always thin

Talking about hard times is not easy, and neither is walking through them. So, in this new episode, we are going to talk about the inflationary process that we are currently going through and what to do if we enter a recession. Of course, there is uncertainty right now, and not knowing when or for how long this period will last, we have to be prepared by knowing which logical step will make the difference for us without jeopardizing our financial future. In this episode, I want to share the steps that I would take to make the best of the current situation we are facing. Hopefully, it will help you keep up with your plan towards the affluent lifestyle you want to achieve. Today, our conversation includes:What to do in the inflationary times we are leaving and how to face them.The steps to take to avoid being on a downturn without preparation.How to push ourselves when we are in a financial downturn. Resources mentioned: Download The Affluence Blueprint™  Graphic (Three Pillars of Affluence). Ready to set a sol

Change always brings challenges, and I’d say that finding time to make your family a priority is one of the main ones. When you start moving towards a new job or when you start to work really hard for your dreams, it is not always easy to find a balance between what you love doing and the ones you love. In today’s episode I’m talking with Elizabeth Hartke, international Business and Leadership Strategist, and Founder of the Luminary Leadership Company and Podcast. She works to help entrepreneurial parents integrate success in business with legacy at home, and believes that you can have both without feeling split in two. It’s important to understand that when you are creating a new business, you have to bring your family with you. Involve them in every step and help them understand that you’re starting this new venture for their benefit too. You are working for your kids, your family, and like Elizabeth said, “we really want to breathe life into one of the greatest tools you have in your back pocket to raise y

Today’s episode is all about investing and some of my top strategies to find and analyze a company, so we can avoid gambling away our future. As I always say, we need to think long-term when it comes to investing. Long-term planning is one of the keys to the work we do in  The Affluence Blueprint™. This is your path to the financial freedom that you are working towards.Now, it's important to remember that making your money work the right way is always going to take time. It involves educating yourself to understand what to look for in a company, in a business, or in a stock. But here's the deal, your future, your family's future, and your legacy are dependent upon you doing such work.There are a few different ways to analyze your options when it comes to investing, and to understand that if we're going to get a higher degree and a higher probability of success, we need to make decisions rationally and based on what we know about the company. Hopefully, in this episode, you will be able to

How to Pay For College. Let's face it, education can be a costly pursuit. But did you know that it can literally cost you your financial future and freedom? There are so many options to pay for college AND bring our children along the financial literacy path to set them up for life. In this episode, I walk through much of what you need to consider. What You'll Get In This Episode: Why student loans can destroy youWhen to use an UTMA, UGMA account for your kidsThe risks of UTMA and UGMA accountsOther ways to teach wealth and create a college fund★★★ TAKE THE FINANCIAL LIBERATION ASSESSMENT ★★★Take this free assessment to see where you are on the path to financial freedom and what your next steps to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com★ RECOMMENDED VIDEOS FOR YOU ★If you liked this video, you'll love these ones:What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money St

In today’s episode we are talking about budgeting and the best way to create a financial plan that makes your money work with you towards reaching the affluent lifestyle you want to create. Budgets can get a bad rap, but when you understand the power of being intentional with your money, you'll see how this paves the road to your financial freedom.   We're going to start by drawing the map from where you are to where you want to be - that place of financial freedom. Remember that your financial future depends on the choices you make today about your money, your behaviors, and your habits. The best way to ensure that you reach that ideal destination is to first determine what that destination looks like: decide what you desire most in life, and then create a strategic plan to achieve it.   We need to choose how our money is going to be used, and a budget will guarantee that your dollars are going to where you intend them to go. The beauty of a budget is that it makes your money work with you towards

★★★ TAKE THE FINANCIAL LIBERATION ASSESSMENT ★★★Take this free assessment to see where you are on the path to financial freedom and what your next steps to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com★ WHY THIS EPISODE ★This is an area that can get people in a ton of trouble with the IRS and they don't even know it. The fact is that if you're invested or using crypto currencies, in all likelihood you have taxes to pay...but how much?What You'll Get In This Episode:When are cryptocurrencies non taxableWhen are cryptocurrencies taxableHow to qualify for a lower tax rate or even zero on cryptocurrenciesThe biggest mistakes that most people make★ RECOMMENDED VIDEOS FOR YOU ★If you liked this video, you'll love these ones:What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money Stories - https://youtu.be/QOPFrUtUaGo- Pricing & Getting Paid Your Value - https://youtu.be/4O

Have you been worried about the uncertain times we are facing? Today I’m sharing some tools that can help you deal with them in a way that is smart and safe, as you go step by step towards fulfilling your Affluent Blueprint.People usually become tenuous when facing uncertainty. As human beings, we become cautious and fearful at different levels. We feel paralized and stop doing the things that we ought to be doing to sustain ourselves through these downturns.That is why we must shift our perspective, so we can help ourselves navigate these strange times. As long as you understand what point of view you must have, you will be able to bring the proper tools, the proper thought process, and the proper mindset to the situation that you're facing.In this episode we take cues and guidance from Warren Buffett’s (arguably one of the best investors of all time) most recent shareholders letter. Then I help you see how they apply directly to you on your financial journey.Today, our conversation includes:What type o

The tax man is coming and there's nowhere to run or hide...BUT there's no need to overpay. You still have time to do something to set you up for a better tax situation before the filing deadline. What You'll Get In This Episode:Why everything you get is taxable and nothing is deductibleKey deductions you can still take nowHow to make sure that the tax code is working for you instead of against youWhat should you be doing now★ RECOMMENDED VIDEOS FOR YOU ★ If you liked this video, you'll love these ones: What To Do With Your Cash - https://youtu.be/voMnEcuFxIYGetting Out of Debt The Affluence Way - https://youtu.be/WkBJzAnVIZgOvercome Your Money Stories - https://youtu.be/QOPFrUtUaGo★ OTHER RESOURCES ★7 Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comMy website https://melabraham.com/Book: Mel H. Abraham - The Entrepreneur's Solution: The Modern Millionaire's Path to More Profit, Fans and Freedom https://www.melabraham.com/book/Find me on Facebook https://www.facebook.

Get ready to welcome one of my very first guests to the show, Bobby Goodwin, who was part of my “money plan workshop”. Today we’re discussing how this workshop helped him get on his journey to financial freedom.You’ll hear about how he turned the tables and grabbed ahold of his financial ship, little by little, by creating a plan, tackling debt, and starting to work on creating wealth.Bobby is sharing all the steps he took to go from his “drowning point” to his “breakthrough point”. As Bobby, the steps you take don’t have to be big, because small steps become grand overtime and make a real difference in the whole process of your financial journey.Today our conversation includes: What our current financial situation looks likeThe steps towards our financial freedomHow to face debtMaking the best plan to get out of debtThe concept of leapfrog funding, and we take some of our income to make different paymentsResources mentioned:Episode 040 Getting Out of Debt the Affluence Way:  https://podcasts.apple.com/us/pod

Today I’m talking about one of the most important numbers to track on your road to financial freedom. We’ll discuss your Net Worth, how to track it, and build your road to financial freedom by setting different milestones that guide  your steps towards your goal, which, in the end, is to create the money machine that will help you lead an affluent lifestyle. Yep, your Net Worth…but a special kind of Net Worth.Now, it's important to know the impact your Net Worth has on your journey to financial freedom, and how it can be achieved differently from person to person. Not all Net Worth is created equal, but a first step is to figure out what you own and what you owe.These are some core concepts that I will discuss further on the episode, and, hopefully, the answer will help you set the milestones that will guide you towards financial freedom.Today, our conversation includes:What's the difference between what you own and what you owe, and how does it affect your net worth? What is “Money Momentum” and ho

If you want to optimize your investment strategy, this episode is for you. I'm talking all about Target Date Index Funds, and why, over time, they’re a good option for investment compared to investing just in one single stock. But also what the pitfalls are with them and when the best time to use them is. Remember that the goal is always to protect your assets and portfolio.For some background, with Target Date Index Funds you invest based on your risk profile and your risk capacity. Then you create an asset allocation and asset diversification profile based on the risk that is appropriate for your situation, and, as time goes by you will look to  minimize the risk of losing value of your investments.Today, our conversation includes: Why a Target Date Index Fund is a good investment over time.How can you achieve the affluent lifestyle that you’re looking for over time.What is a glide path and how you can rebalance your portfolio to avoid losing value.Why having a structured portfolio can increase the val

The market has been quite volatile at the time of this recording. We need to learn how to handle these current circumstances because we can't afford to stop living in the midst of this financial uncertainty, when we're experiencing inflation and facing the risk of interest rates rising, among other risks.In this episode, we talk about the most common mistakes that individual investors - or retail investors - make when investing, which causes them to lose money, to lose their wealth, and sometimes even obliterate their accounts.Then, I will also give you some strategies that will be part of your game plan, as you go forward in this roller coaster ride of a market to try and keep you a little safer.In this episode you’ll learn:What to do  before getting into the investing game.How to avoid making investments that don’t move you closer to financial independence.What causes most people to make bad money decisions. The biggest risk in investing in today’s social media world..How to make sure you only mak

Today, I discuss how to achieve financial liberation, which shouldn’t be confused with financial freedom. The key difference between the two, is that liberation is a journey and a path. It's a process of getting there. Whereas freedom is a state of being it's something of a destination.I specifically use the term “liberation” because when we look at the definition, we see a unique characteristic that informs the way we approach affluence. When looking at the definition, we see that liberty requires power. The power to affect personal progress, to change one's circumstances for the better.If we truly want to find financial liberation, if we truly want to find freedom, we must leverage our personal power to stop living the life of a “treadmill” entrepreneur, and look to find the life of an affluent entrepreneur. And that's what this episode covers today.Today, our conversation includes:How can you achieve financial liberation?The concept of treadmill entrepreneur and how you can avoid burnou