She's Building Her Empire: Female Entrepreneurs | Women In Business | Online Marketing | Management | Productivity | Launchi

In this episode of the Well-Oiled Operations™ podcast, Stacy and Mel Abraham delve into the crucial aspects of building financial freedom. Mel shares his unique insights on developing healthy money habits, managing business finances effectively, and preparing for a secure financial future. Mel Abraham, author of "Building Your Money Machine," discusses various money personalities and the importance of understanding them to make better financial decisions. They talk about how to manage liquidity, avoid destructive debt, and invest outside of your business. Mel emphasizes the need for creating a money machine that works independently, ensuring freedom and security even during unforeseen circumstances.    Also in this episode: Recognizing spending, saving, investing, and philanthropic personalities significantly impacts financial decisions and planning. Maintaining a solid financial cushion (nine to eighteen months of expenses) is crucial for long-term security and peace of mind. While investing in your bu