How to Save YOUR First $100k (My Savings Framework)
from Building Your Money Machine Hosted by Mel H Abraham, CPA, CVA, ASA
Are you ready to build your first $100,000 in wealth? It's not just a dream—it's doable with the right framework! In today’s episode, I dive deep into the strategies you need to save your first $100,000. I explain why the initial hundred thousand is the hardest to accumulate and how it accelerates from there. Then, I introduce my WEALTH framework—work the plan, enhance your income, allow for emergencies, lower your debt load, get tactical with your investing, and harness your resources. These actionable steps will help you get on the pathway to financial success. Want to make the leap towards financial freedom and see your money work harder for you? Tune in to the full episode now! IN TODAY’S EPISODE, I DISCUSS: -Why the first $100,000 is the hardest to save -The exponential nature of wealth creation -The six-step WEALTH framework for building your first $100,000 RECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones: Are You Really Living a Rich Life or a Bankrupt One? A New Path to Conversation, Connection & Conversion with Natasha Willis Fulfillment & Wealth Through a Personal Brand with Rory Vaden Build Wealth & Live a Rich Life at Any Age (My son's journey) RECOMMENDED VIDEOS FOR YOU If you liked this video, you'll love these ones: Are You Really Living a Rich Life or a Bankrupt One?: https://youtu.be/yrredqHf09s A New Path to Conversation, Connection & Conversion with Natasha Willis: https://youtu.be/u0GEulUo4Tk Fulfillment & Wealth Through a Personal Brand with Rory Vaden: https://youtu.be/uJAee2sVqco Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM PRE-ORDER MY NEW BOOK: Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It! 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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Are you ready to build your first $100,000 in wealth? It's not just a dream—it's doable with the right framework! In today’s episode, I dive deep into the strategies you need to save your first $100,000. I explain why the initial hundred thousand is the hardest to accumulate and how it accelerates from there. Then, I introduce my WEALTH framework—work the plan, enhance your income, allow for emergencies, lower your debt load, get tactical with your investing, and harness your resources. These...
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- 0:00 Show for entrepreneurs to achieve high-level success.
- 5:56 Enhance income, improve skills, allow for emergencies.
- 8:42 Debt brings stress, need a payoff plan.
- 12:38 Employer matches 401k contributions for free money.
- 15:02 Evaluate expenses, debt, savings, set specific financial goals.
- 19:04 Financial liberation is your birthright; join now.
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