Building Your Money Machine
Welcome to 'Building Your Money Machine, 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
The Psychology of People Who Grew Up Poor
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In this episode of the Building Your Money Machine Show, I dive into the psychology behind people who grew up poor and why simply earning more doesn’t fix financial stress.
If you’ve ever felt poor, even when the income is coming in, you’re not alone. I get real about how your upbringing, conditioning, and even the emotional experiences around money shape your money mindset. You’ll find out why money sometimes feels like a threat, why the anxiety lingers no matter your bank balance, and most importantly what to do about it.
We explore how poverty doesn’t just empty wallets...it wires your nervous system and creates survival logic that might have gotten you this far, but it won’t carry you into true wealth. Whether you’re facing the math problem of not enough income, or the mindset problem of “thinking broke,” I reveal the step-by-step process to fix both.
IN TODAY’S EPISODE, I DISCUSS:
- Why earning more doesn’t necessarily eliminate financial stress
- The difference between being broke and thinking broke—and how both can trap you
- How poverty and scarcity thinking wire your nervous system for survival, not wealth
- Practical steps to separate survival reflexes from real financial decisions
- Getting clear on your actual lifestyle costs and categorizing expenses into needs, wants, and noise
- The importance of shifting from income-based to system-based thinking for sustainable wealth
- Building an unshakable financial foundation, including liquidity and debt payment strategies
- Automating savings, debt payments, and creating boundaries to protect from mindset slips
RECOMMENDED EPISODES FOR YOU
If you liked this episode, click here to enjoy these and more:
https://melabraham.com/show/
- Psychology of People Who Act Poor When They're Rich
- I Met 400+ Millionaires - This is what I LEARNED
- Once You Get Rich, Change These 6 Things Immediately
- 12 Unsexy Habits That Made Me Serious Money
- What The 1% Teach Their Kids About Money
RECOMMENDED VIDEOS FOR YOU
If you liked this video, you'll love these ones:
- Psychology of People Who Act Poor When They're Rich: https://youtu.be/KpZEuniVbwk
- I Met 400+ Millionaires - This is what I LEARNED: https://youtu.be/EwQtlsle45Y
- Once You Get Rich, Change These 6 Things Immediately: https://youtu.be/exgaT-fho5M
- 12 Unsexy Habits That Made Me Serious Money: https://youtu.be/OjYgoVwFxWs
ORDER MY NEW USA TODAY BESTSELLING BOOK:
Building Your Money Machine: How to Get Your Money to Work Harder For You Than You Did For It!
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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
