"Your financial future got dumped in your lap." That's how Jim kicks off this episode with financial expert Mel Abraham.
If you’ve ever felt overwhelmed by managing your money, this episode is your new best friend. Jim and Mel dive deep into the world of personal finance, but don't worry—this isn't your typical snooze-fest financial talk. Mel’s new book, "Your Money Machine," is the star of the show, and it’s all about making money management simple, actionable, and, dare we say, fun?
Mel shares some eye-opening stats: the median savings for retirement is just $89,000, while you need $1.46 million to retire comfortably. Yikes! But fear not, Mel’s here to guide you through the chaos. He emphasizes the importance of having conversations about money and making it less taboo. His mantra? "Earnings are your seeds. Live off of the crop, not the seeds." Powerful, right?
Jim and Mel also explore the tech side of things. Mel’s approach to his book launch is a masterclass in leveraging technology without losing the human touch. From automations that streamline his workflow to AI tools that help with content creation, Mel’s got it all figured out. He even talks about using AI to create a digital clone of himself for educational purposes. Imagine having a conversation with Mel anytime you want!
One of the most touching moments is when Mel discusses the legacy he wants to leave for his grandkids. He’s using technology to ensure that his wisdom and voice are preserved for future generations. It’s a poignant reminder of the power of tech when used with heart and integrity.
Key takeaways? Start having those money conversations now, leverage technology to free up your time, and always think about the legacy you’re leaving behind. Mel’s approach is all about making complex financial concepts accessible and actionable.
"Earnings are your seeds. Live off of the crop, not the seeds." Is one of our favorite quotes of the epiosode.
Grab Mel’s book at yourmoneymachinebook.com and start building your money machine today & approaching tech like the big players.
Follow Mel on Instagram @MelAbraham9 and subscribe to his YouTube channel for more invaluable insights. Don’t just read the book—do the book. Your future self will thank you.