The Affluent Entrepreneur Show

Last August 2nd, Emily Ray, my first granddaughter, promoted me to the happiest man on earth. That got me thinking about the future, and coincidently, a soon-to-be mom I've met on a mastermind asked me what advice would I give, if any, to future parents. So I've decided to make this episode about the 10 lessons I would give to new parents about finances, and the best way of taking care of their children. In addition, I will share my latest framework, The Emily Factor ™. 

What You Will Learn In This Episode:

- Why we must focus on raising empowered little ones with financial tools to develop a richer lifestyle

- The most critical investment we can make in our children

- Why transferring skillsets is widely more important than transferring assets

- The importance of a piece of mind fund, life insurance, and disability insurance

- Why we must learn to have tough conversations

- What is The Emily Factor ™, how it works, and how can we put it into practice

Understanding that our kids and grandkids came to this world to fulfill their dreams and not ours is perhaps one of the most challenging, yet most beneficial lessons we can ever learn. As long as they are not harming themselves or anyone else, our job as parents and grandparents is to support them and give them the tools and the help they need to accomplish their goals. 

Resources:

- JOIN MY 3-PART LIVE VIRTUAL TRAINING SERIES:  http://www.AffluenceLive.com

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- My 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.melabrahamtraining.com/TES-Book-Launch-1

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

Direct download: Affluent_Entrepreneur_Show_028.mp3
Category:general -- posted at: 6:00am PST

On September 2, I turned sixty. I added a new decade to my story, which got me thinking, what are the lessons I've learned in the last six decades? Today I want to share with you the 10 lessons I've learned on my journey of living a fulfilling life and as an affluent entrepreneur. We will also talk about the concept of living in a state of disappointment, and we will go through the three principles of living a meaningful life. 

What You Will Learn In This Episode:

- The difference between being wealthy and living a rich life

- The three principles we must have in place as rule #1 for building an affluent life

- What is the role of our values in the decisions we make every day, and how that affects our future

- Why we must be open about what we do, and why we need to find a purpose in every action we take

- What is the role of our habits in the things we create

When I look back at my journey, I realize it is not about the challenges I had but about the lessons I got from them. One of the biggest lessons I've learned is that richness comes from the way we use our time, not our dollars. I'd rather measure my wealth in time than in money for a simple reason - money is an unlimited resource while time is finite. 

Resource:

- The 10 Lessons from 6 Decades https://melabraham.com/wp-content/uploads/TAE-27-10-Lessons-in-6-Decades.pdf 

- The Money Plan Challenge by Mel Abraham: https://www.melabrahamtraining.com/money-plan-challenge 

- Book: Bronnie Ware - Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing: https://www.amazon.com/Top-Five-Regrets-Dying-Transformed/dp/1401956009/ 

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- My 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.melabrahamtraining.com/TES-Book-Launch-1

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

Direct download: Affluent_Entrepreneur_Show_027.mp3
Category:general -- posted at: 6:00am PST

On today’s show, I'm thrilled to welcome my good friend Bobby Klinck, a Harvard-trained attorney turned entrepreneur, mentor, author, and podcaster. He is the founder of BobbyKlinck.com, Principal of Klinck LLC, and host of The Certified BADA$$ Online Marketing Podcast. He helps entrepreneurs make sure the legal crap doesn't hit the fan while building raving fan bases. 

Today, he shares with us how he went from wantrepreneur to a thriving multiple six-figure entrepreneur. We’ll get to know where Bobby comes from, and his entrepreneurial family background. He shares the thought process behind quitting his life as a Federal Prosecutor to become an entrepreneur. We had a profound conversation about marketing strategies, connections, life choices, happiness, wealth, and some sound legal and marketing advice. 

What You Will Learn In This Episode:

- Who Bobby Klinck is and why his life story is so inspiring

- What Bobby's first big mistake was as an entrepreneur and what he did to fix it

- The difference between entrepreneurs that sell information vs. those who sell implementation

- Why Bobby believes there is no such a thing as passive income in entrepreneurship

- What we need to have in mind before starting a business

Although Bobby could make half a million dollars a year as a salary, he decided to risk it all to become an entrepreneur. He had a successful career as a lawyer, but he had no time to enjoy his life and he felt that his life was controlled by everyone but himself. He realized that affluence is about him and his family being happy and making money while being present in his daughter's life. 

Resources:

- The Money Plan Challenge by Mel Abraham: https://www.melabrahamtraining.com/money-plan-challenge 

- The Certified Badass Online Marketing Podcast - https://bobbyklinck.com/podcasts/

- Bobby Klinck’s Website - https://members.bobbyklinck.com/accessallyref/a1c6037f/ 

- BOM University - https://members.bobbyklinck.com/accessallyref/a23c6037f/

- Bobby's Legal Template Library - https://members.bobbyklinck.com/accessallyref/a4c6037f/

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- My 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.melabrahamtraining.com/TES-Book-Launch-1

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

Direct download: Affluent_Entrepreneur_Show_026.mp3
Category:general -- posted at: 6:00am PST

Today, we will go through all you need to know about ETFs and Index Funds, and what it takes to invest in them. We will start by understanding the difference between trading, investing, and gambling in the stock market. We will also look at trading versus investing, analyze the possibilities each one offers and what they demand from us. In the end, we will go through what you need to do to start creating your path toward financial liberation. 

What You Will Learn In This Episode:

- What is the difference between gambling, trading, and investing, and what is the best option in the long run

- Why ETFs and Index Funds are easier ways to invest

- The difference between ETFs and Index Funds

- A step-by-step process we need to follow to start investing

As affluent entrepreneurs, when we think about wealth building, we think about permanent and sustainable wealth with the sole purpose of reaching financial liberation. That is why our choices of building wealth have a system behind them, and we can duplicate them over time. 

Resources:

- Affluent Entrepreneurs Private Facebook Group https://www.facebook.com/groups/affluenceblueprint

- My 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.melabrahamtraining.com/TES-Book-Launch-1

- Find me on Facebook https://www.facebook.com/melhabraham/

- Find me on Instagram https://www.instagram.com/melabraham9/

- Find me on LinkedIn https://www.linkedin.com/in/melhabraham/

- Find me on Twitter https://twitter.com/MelHAb

- Find me on YouTube http://www.youtube.com/user/MelHAbraham

Direct download: Affluent_Entrepreneur_Show_025.mp3
Category:general -- posted at: 6:00am PST

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