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Building Your Money Machine
Welcome to 'Building Your Money Machine,' (fka The Affluent Entrepreneur Show) hosted by Mel Abraham, CPA, a renowned financial expert and author of USA Today Bestseller, 'Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!.' On this podcast, Mel shares his insights and experiences from over 30 years in the field of wealth-building, entrepreneurship and mentorship to financial freedom. Each episode provides actionable strategies to master your money, remove financial stress, and live a life by choice, not chance. Whether you work for a company, are a seasoned entrepreneur or someone just starting out on your financial journey, this podcast offers the tools, actionable frameworks and knowledge you need to create your own money machine and secure your financial future. Tune in weekly for expert advice, inspiring guest interviews, and the practical wisdom that will help you take control of your financial destiny. Subscribe now and start building the life you’ve always dreamed of.
Building Your Money Machine
I've been through 4 recessions, here's what always happens...
Welcome to another episode of the Building Your Money Machine Show! Today, I’m pulling back the curtain on one of the most anxiety-inducing topics out there: recessions. If you’re worried about what happens when the economy takes a nosedive or you’re not sure how to prepare, this episode is absolutely for you. I’ve personally lived through four recessions—and as some are saying, we might be on the doorstep of a fifth. I’m here to share what I’ve learned through every downturn, what always happens, and—most importantly—how you can not just survive, but actually thrive and build your wealth during these challenging times.
You’ll hear about how panic and fear grip the headlines, how markets crash and jobs are lost—but you’ll also learn how, tucked behind the chaos, incredible opportunities for wealth are quietly created. I break down the patterns that emerge every time the economy contracts, what causes these downturns in the first place, and how you can position yourself so when the next one comes (and it will), you’re ready to spring into action.
IN TODAY’S EPISODE, I DISCUSS:
- What a recession really is and why they happen as part of the natural economic cycle
- The four key patterns that always play out during recessions
- My own experience investing during the 2008 crash and how liquidity helped me come out wealthier on the other side
- Why recessions are actually a massive wealth transfer—from over-leveraged to prepared, from the fearful to the focused
- How to keep your cool during downturns and why panicking usually locks in losses
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- How To Make Money In An Economy That Hates You
- Understanding The Impact Tariffs Have On Your Finances
- The Only Thing That Stopped Me From Overspending
- 5 Simple Habits For Building Wealth (as a self made millionaire)
- Major Money Milestones To Achieve in Your 40s
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- How To Make Money In An Economy That Hates You: https://youtu.be/Pg3Y-edj1no
- Understanding The Impact Tariffs Have On Your Finances: https://youtu.be/2OVdRYkxwl4
- The Only Thing That Stopped Me From Overspending: https://youtu.be/5jBNKRalEOA
- 5 Simple Habits For Building Wealth (as a self made millionaire): https://youtu.be/hHObBrzXJ4I
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TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com