Your Money Machine with Mel Abraham

246 - In today’s Freedom Focus Photography Podcast, join Nicole Begley as she chats with financial expert Mel Abraham to break down the ins and outs of financial planning for creatives. In this episode, Mel demystifies the process of building your own "money machine"—a system designed to cultivate financial independence and long-term security. This conversation dives into why it's crucial for photographers and other creatives to start the habit of saving early, even if the amounts are small at first. Mel provides practical advice on how to manage money effectively, plan for the future, and use smart financial strategies to build wealth over time. Tune in to transform your financial fears into a foundation for freedom!What To Listen For:The Concept of a Money Machine: Learn what a money machine is and why every individual, especially entrepreneurs, needs one to ensure financial independence and security.Personal Finance Management: Strategies for photographers and creative professionals to manage their finances more effectively, focusing on investment and savings habits.Transition from Earning to Building Wealth: Mel explains the shift from relying solely on income from work to creating systems that generate enduring wealth.The Psychological Aspect of Money: Understanding the emotional relationship with money and how to make financial decisions that align with personal and professional goals.Long-term Financial Planning: How to approach financial planning with a long-term perspective, ensuring that decisions made today positively impact future financial stability.Resources From This Episode:Mel's Book -  YourMoneyMachineBook.comMelAbraham.comMel's Instagram Mel's YouTube ChannelHair of the Dog Academy Elevate Coaching ProgramFreedom Focus FormulaJoin me in this LIVE free training: THE PHOTOGRAPHER'S PRICING BLUEPRINT - Master the strategies to command $1,500+ per session - even if you're just starting out.JOIN THE PARTY: Connect with us on Instagram Explore valuable pet photography resources here Discover effective pricing and sales strategies for all portrait photographers. Ready to grow your business? Elevate helps you do just that. Check out our recommended gear and favorite books.