Episode 562: What to do with the money your business brings in

Uncategorized Sep 23, 2022

We’ve been getting a lot of great feedback on the Financial Friday editions with Mel Abraham, so we thought we’d keep the conversation going today! We cover so much in this episode, including a look at what to do with the money that your business brings in, more investment strategies from Mel, and a reminder why you’ll always want to keep the lifestyle piece in mind as you build your business!

Mel’s 3-part live training workshop, The Affluent Entrepreneur Experience, is now live! In it, you’ll learn how to actually build your money machine so you can start creating real wealth now. Plus, Mel will share the 5 wealth principles of the rich that you’ll need to understand to experience more freedom in your life. In this training, he also reveals the 9 accelerators of the Affluence Blueprint, and to register now for free, visit https://jameswedmore.com/wealth, and you’ll also get some of my amazing bonuses just for taking part!

If this episode inspired you in some way, take a screenshot of you listening on your device and post it to your Instagram Stories, and tag us, @jameswedmore and @melabraham9.

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I want to invite you to help contribute to this podcast by submitting a question for a #Q&AEdition of The Mind Your Business Podcast. All you have to do is go to http://jameswedmore.com/QA and record a question (under 4 minutes or less) that could be featured on an upcoming episode.

 

In this episode you’ll hear: 

  • Some of Mel’s big investment rules, and what the says about investing in individual stocks 
  • How the affluent have a much different relationship with money than most people do 
  • What Mel credits for giving him his biggest financial lessons 
  • A look at his “LeapFrog Funding” concept and what he would do with profits generated from a launch 
  • How Mel and his team uses dollar-cost averaging when investing in the market 
  • The way he looks at real estate investing and what opportunities exist in this space right now 
  • What to do to improve the health of a business that has little to no profit margin 
  • Our thoughts on charging your worth and remembering the lifestyle that you want as an entrepreneur

 

LINKS:

Register for Mel’s Live Training Workshop, The Affluent Entrepreneur Experience

Tune Into All The Financial Friday Episodes with Mel!

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