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

In this episode, we will talk about the lifeblood of our business, wealth, and affluence. We will reveal what it takes to be successful in business and with money, and we will do it by using the Affluence Cash Flow Matrix™.  What You Will Learn In This Episode: - What is the Affluence Cash Flow Matrix™ - What is an Income Statement, and what is a Balance Sheet - What is an investable asset, and what differentiates it from other assets - What is the difference between the business and the money machine The path of being successful in business without doing the money right will only make you a treadmill entrepreneur - you'll have success as long as you keep running or run faster for longer distances.  But you already know this is a broken model because your business and lifestyle depend on you to exist.  Instead, we need to use your business machine to feed and grow your money machine so the money machine can ultimately give you the lifestyle you want without you running on the treadmill. Resources: - The

Today, I will continue answering some of the questions I get from the Affluent Entrepreneur community. This is the perfect space to have an open and honest conversation about money and wealth, and living our best life without the worry of being judged or canceled. We will dive deep into investments and mortgage, 401k plans, emotional and logical decisions, the benefits of Health Saving Accounts, and more.  Some of the Questions I Answer: - Should I put more money against my mortgage or invest instead? - Should I keep putting money in my 401k? - I have a significant investment in a single company. How do I reduce my risk? - I'm in the second year of my business. Should I do a 401k or go for a SEP IRA? Those of you who have questions about money, investment, or finances, shoot them my way, I will gladly answer them. My ultimate goal is to show you the path to financial independence and affluent life, which I consider a birthright. Resources: - Affluent Entrepreneurs Private Facebook Group https://www.faceb

Today, we will talk about money identity. First, we will go through a series of questions to determine our Blank Money Canvas. Then, we will analyze and understand Robert Dilts' Logical Levels framework. And finally, we will adapt Dilt's framework into The Money Identity Cascade™, a powerful tool that will shift our reality dramatically.  What You Will Learn In This Episode: - The role of our identity in our relationship with wealth - How to determine our Blank Money Canvas - What is our embodied archetype, and how to discover it - Robert Dilts' Logical Levels framework, and its connection with our embodied archetype - How can we adapt Dilts' framework into our Money Identity Cascade™ This episode requires more than just listening to it; we need to slow down, sit down, and do the work. It asks mind-boggling and game-changing questions with the sole purpose of shaking things up, and pushing us out of our financial comfort zone.  Resources:  - The Money Identity Cascade™ https://melabraham.

In this episode, I will answer some of the questions I've received through The Affluent Entrepreneur Facebook group, Instagram DMs, and comments on the show. While answering these questions, we will also touch on some of the principles I teach in The Affluence Blueprint™, and clear some doubts around investments, mortgage refinancing, cash inheritance, and more.  Some of the Questions I Answer Today: - What is the best way to save for a home? - Is now a good time to refinance my house? - How am I going to contribute to retirement? - I just inherited $200,000. How should I invest it? With these Q&A episodes, I wish to contribute and add value to the Affluent Entrepreneurs community. Keep on sending me your doubts, suggestions, and questions through any of the communication channels available, so we can keep you moving forward and rock and rolling in the process.  Resources Mentioned: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - The Affluence Blue

In this episode, we will talk about the transition of quitting your job to become an affluent entrepreneur. We will analyze the things we must have clear in our minds before we decide to leave our jobs and start an entrepreneurial life. Then, we will go through the details of the Entrepreneur Transition Formula™, and understand each step of it to ensure an effective transition.  What You Will Learn In This Episode: - What we need to know before we decide to transition from corporate to entrepreneur - The Entrepreneur Transition Formula™, and how it serves us in our transition - The difference between doing what we love, and creating value with what we are passionate about - How we can know if our entrepreneurial endeavor is ready to replace our income To start our business, we must be committed and give 110% to our project. The secret of our success lies in the preparation, the planning, and making the right choices. That is why going through the nine steps of the Entrepreneur Transition Formula is vital - we

In today's episode, we will answer a question that came up in a conversation with one of my clients - what is an entrepreneur? We will go through the different entrepreneurial levels, characteristics, and what we can do to move from one level to the next.  What You Will Learn In This Episode: - What it means to be an entrepreneur, and what are the different types of entrepreneurs - What is the difference between being skill-focused and being scale-focused - Why some personal brands might be scalable but not sellable - What are the four levels of the entrepreneurial journey matrix - The advantages and disadvantages of each entrepreneurial level The different levels of entrepreneurship are not about rankings. Each level offers a unique way of solving a problem, but most importantly, it determines the possibilities of scaling our business. The kind of entrepreneur we want to be is a conscious choice, and we get to decide what is the best way to operate our business or businesses.  Resources:  - The Money Mi

In this episode, we will talk about how to expand your money mindset. I will walk you through a framework I've repurposed from a model created in 1955, The Money Mind Framework™, and we will go through the details of each one of the four zones of this framework. What You Will Learn In This Episode: - What is The Money Mind Framework™, and how it’s created - What are the four elements that determine our Comfort Zone - What are the four components of the Secret Zone - What are the expansion and the Speculative Zone - How we can move from one zone to the next Our habits have a primary role in our financial situation, and it is our thoughts that determine our habits. Therefore, the first step into financial freedom is changing the way we think. We can do that by asking questions and being curious about it, we can get some training, seek mentors and coaches, or opt for a more intuitive path, and trust our gut into new business opportunities.   Resources:  - The Money Mind Framework https://melabraham.com/wp-

Today, I’m welcoming my first guest on the show, James Wedmore. He is an online business coach, founder of Business By Design and the host of Mind Your Business Podcast. James is well known in the online space for his unique online courses and content.  We talk about James' journey into becoming who he is today, what he did right, what he did wrong, what it takes to scale and build a business, but also what it DOESN’T take. We talk about what it means to be a Digital CEO, and how to create a business that creates cash flow, giving you the income you need to build an asset base and to become financially independent. James talks about the hierarchy of change, stress and logic versus fear, and much more. So grab a notepad and let’s dive in!  What You Will Learn In This Episode: - What is a Digital CEO, and what we need to do to become one - The differences between a marketing strategy and running a business - The five levels of the hierarchy of change, and the best way to level up - Why the way we show up i

What does it take to get paid premium fees for what you know? In today's episode, we will discuss how to increase the prices of our products, not from a pricing perspective but from focusing on the value we provide. We will go through the four elements we need to elevate in order to separate our business from the rest as premium providers.  What You Will Learn In This Episode: - Why we must find out what makes us different from everybody else in the market - The Unique Methodology™, and how it works - The four things we must have in order to create a truly Unique Methodology™ that stands out - The advantages of creating an online program When the market can't see the value we can provide, increasing our revenue is almost impossible. We will find many people in the market solving the same problems we solve, but we must discover what makes us different, and what value we can provide that no one else can.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/afflue

In this episode, we will talk about one of the best ways to generate income, and one of the three pillars of The Affluence Blueprint™  called the Generate pillar. I will talk about why I love digital business and digital income streams to generate revenue and wealth. We will go through the three essential elements of digital businesses and how they work. What You Will Learn In This Episode: - The three critical outcomes of the affluent entrepreneur  - The elements needed to become an affluent entrepreneur and what is the Generate pillar - The different ways to generate income, and the relationship between the value we provide and the price we ask for our product - The three elements framework to create a digital business Regardless of the expertise we have, the beauty of the digital space is that we can record a course with several lessons and sell it online. It will provide value and teach people without our presence being required, and most importantly, it will generate income while we sleep.  Resources: -

In this episode, we will reveal why assets are essential for your financial liberation. We will talk about the Save, Spend, and Pray society in which most of us grew up, and how that has affected the way we see money and wealth creation. We will demystify the beliefs around passive income, and we will go through the five incomes framework. What You Will Learn In This Episode: - Why the “save, save, save” mentality can't help us to create financial liberation - The Five Incomes™ Framework - What is leveraged income and its role in wealth creation - What are the two levels of income that most people spend their lives on - The advantages of having assets income, residual income, and portfolio income When all of our income depends on one of the five incomes, we will have a hard time scaling that. The secret to financial liberation lies not in our capacity to generate income, but in our ability to create a machine capable of supporting our lifestyle without our direct effort. Resources: - Affluent Entrepreneu

Today, we will do a bit of math to understand the number of wealth creation. We will talk about the variables to consider when you want to reach the desired level of wealth, and we will cover the most common mistakes people make when planning their journey to a wealthy life.  What You Will Learn In This Episode: - How the change in the pension plans has affected our lives - Why we must create a lifestyle plan rather than an income plan - How investment returns can help us create wealth, and how higher investment returns relate to risks - The role of time in wealth creation - The four inputs that affect the amount you need in order to grow your wealth The see-where-it-goes mind frame is not the best strategy to achieve financial liberation. Therefore, when we talk about wealth creation, it is fundamental to have a clear goal, otherwise, it is impossible to put a plan together that will get you where you want to be.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affl

In this episode, we will talk about profit, and we will discuss how the misconception between revenue and profit can cause problems and misunderstandings. We will also talk about maximizing profits, what the 50% rule is, and the Wants and Needs Analysis.  What You Will Learn In This Episode: - Why revenue or top line is NOT what we need to focus on when we want to increase profit - What is the best way to increase a company's profit - What is the 50% rule, and how to apply it properly - How the Needs and Wants Analysis can help us scale our profits Once our company starts generating considerable profit, it becomes easy to make mistakes. Instead of asking, can I afford this, the question should be, how can I make this affordable? When we talk about lifestyle and wealth, we need to think about our future, and getting in debt for a lifestyle is selling our future for our present.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - The Fifty Percen

Today, we will talk about money stories, and why I believe that the money stories that keep us stuck are not taught, but caught. We will go through Brad and Ted Klontz’ four money scripts to understand how these stories affect us, and what we can do to prevent them from running our money life.  What You Will Learn In This Episode: - Where our money stories are coming from - Why we need to be able to identify our money stories - The main traits of money avoidance and money worship stories - What is money status, and where it can lead us - What it means to be money vigilant  All of us have money stories, but until we step back as observers of our life and identify them, we won't be able to change them. Maybe one of the four money scripts is more present than the others in our lives, and that’s fine. What we need to do is find a balance between them.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - Book: Ted Klontz, Brad Klontz - Mind Over Mone

Today, we will talk about wealth-building entrepreneurship and why businesses fail. We will discover the mind frames that affluent entrepreneurs need to understand and adopt, and that will set them apart from treadmill entrepreneurs. What You Will Learn In This Episode: - What is the main difference between treadmill and affluent entrepreneurs - The three mind frames on an affluent entrepreneur, and why mind frames are different from mindsets - The idea behind creating several business plans for our entrepreneurial endeavors - What happens when we have conflicting mind frames  Some entrepreneurs feel comfortable with only one or two of the three affluent entrepreneurs' mind frames, and it often ends up with their business failing. We are the CEO not only of our company, but of our legacy, and that's why we must know how to wear every hat and feel confident with all three affluent entrepreneurs' mind frames.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/gro

This episode is about the simple ways to create wealth. We will talk about money issues and how to deal with them. We will go through the three basic laws of wealth creation, and I'll share with you the six steps you can implement right away to change your wealth-building game.  What You Will Learn In This Episode: - Why you are experiencing money problems - The three fundamental laws of wealth creation - Why it is important to know the destiny of every dollar that we generate - What is the best way to manage our investments - The six steps to start building wealth  Wealth creation is simple to understand, yet it is a long game. We must be consistent, disciplined, we must be investing persistently based on the fundamental laws, and as a result, we will create wealth over time.  Resources: - Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint - Book: Chris Hogan - Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You Can Too https:/

Today we will talk about the money taboo. We will discuss how the way we think about money affects our relationship with it and our lives in general. We will go through the six reasons why we should start talking about money with the people around us. What You Will Learn In This Episode: - Why the taboo of talking about money is keeping you broke - How the ignorance around money can affect our families - Why talking about money is the pathway to growth - Why we must have positive conversations about money and talk about it with our kids - The importance of breaking the not-talking-about-money family tradition There are many emotions around money. Those who have it feel guilty, and those who don't feel ashamed. The feelings around money make it an uncomfortable topic to be discussed, which only creates more ignorance and confusion about producing wealth. We need to remember that money is neither good nor bad, it's neutral. It's just a tool that can be used for the greater good or not. Resources:

In this episode, we will talk about how to get financial liberation. We’ll discuss what it means to be a treadmill entrepreneur and the long-term results that they get. We will also go through a small portion of the Affluent Blueprint Framework, and the outcomes of living an affluent entrepreneur life. What You Will Learn In This Episode: - The difference between financial freedom and financial liberation - What it means to be a treadmill entrepreneur - The three critical outcomes of an affluent entrepreneur life - What it means to have complete freedom - What are the three pillars that grant the critical outcomes of an affluent entrepreneur life Every entrepreneur struggles with the work-life balance, when actually the struggle is about work-life harmony. Every work-related decision affects our personal lives and the ones around us, and a richer lifestyle is not about assets and possessions only, but about having time in our day to spend with our loved ones. Resources: - Affluent Entrepreneurs Private Facebo

In this episode, we will talk about the affluence life paradigm, and how to live an affluent life. We will go through each of the four paradigm elements, and learn how to put together an affluence plan. Finally, we will talk about what it means to generate a perpetual income machine.  What You Will Learn In This Episode: - What we mean when we say affluence, and how that impacts our lives - What is an affluence life paradigm - Why we need to have a meaningful and impactful vision - What it means to have a fruitful and peaceful affluent life plan - The five incomes and what it means to have a perpetual income machine One of the keys to being an affluent entrepreneur is to have a bigger-than-us vision, something that we want to achieve outside of ourselves. It has to be powerful enough to keep us on track during the most challenging times. We must have a vivid and compelling vision, something we would crusade for, and that’s the only way to ensure that we will get up after every blow life gives us. Resources: -

This show is all about your business, your finances, and your life. This podcast is for you if you want to play a bigger game in life, in your business, with money, and generating a massive impact in the world in the process.  I'm Mel Abraham, a best-selling author, speaker and founder, CPA by education, and entrepreneur by exhilaration. I'm the founder of the Thoughtpreneur Academy and Business Breakthrough Academy. In my journey as an entrepreneur, I've built, bought, and sold several multimillion-dollar businesses for my clients and myself. I believe that everyone should be financially independent. On this podcast, we will have open, frank, and direct conversations about wealth, business, and life, shining a light on what is possible for your entrepreneurial endeavors. I'm convinced that being an affluent entrepreneur is the answer to living a bigger, bolder life, and to do it is within our reach.  I'll invite successful entrepreneurs, investors, and high-performance athletes to th