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How FI Helped Mel Survive Cancer

Pretty much everyone knows that paying off debt is not an easy task. It takes conviction, a strong "why", a plan, a budget and LOTS of encouragement. And as a coach, I've seen that one of the best ways for our students to stay motivated is to hear other people's stories, listen to their struggles and live vicariously through their wins.

This is the whole reason I started this "Journey To Debt-Freedom" series. I wanted to curate a reservoir of personal stories that will help you "find your own story" and keep marching forward toward your personal finance goals and ultimately to debt-freedom and beyond. 

Along those lines, if you have a "debt-free" or "on-my-way-to debt-free" story, I'd love to share yours with our audience. It's always such a gift to our subscribers and fans to hear your particular story AND will help you, especially if you have a a blog/platform/YouTube channel you want to promote (although that's not at all necessary).

Next up in our "Journey To Debt-Freedom" series, meet Mel Abraham!

 

Introduce yourself, Mel.

I'm Mel Abraham and I live in Laguna Beach California. I am a CPA by training but have been an entrepreneur for most of my life. I am a recent cancer conqueror which led me to do what I do now. I was fortunate enough to do enough things financially right to allow me to navigate cancer without financial stress.

Give me a little bit of background about your financial situation and your decision to "tackle it". Tell me about how much debt you've paid off so far and in how much time. What is your debt made up of?

I don't have a bunch of debt other than my home currently.

 

Looking for a way to get started on your own debt-free journey? Check out my: 

 “Debt-Elimination Quick-Start Guide”. This free resource will have ALL the tools, forms and printables you’ll need while moving through this 30 day challenge.

 

 

What was "the moment" you decided, "enough is enough" and what actions did you take or resources did you use to get the process started?

My realization of financial independence and the need to build wealth to give me freedom was as a single full-time dad when my son drew a picture of me working all the time. I changed the way I ran my business and my financial life. I was diligent at learning as much as I can about how to build wealth through business without sacrificing my life or my relationship with my son.

 

Looking for a ways to live more frugally and address your debt? Check out my: 100 Frugal Ways To Save Money And Get Out Of Debt.

 

What was your "why"? What kept you going when you wanted to quit? How did you stay motivated?

My son has always been my driving force about getting through things wether it was making money, recovering from a ponzi scheme or just simply getting out of debt so I didn't have financial strain.

 

Describe your "belief system" about money and (if/how) has it changed? Maybe even talk about how you were brought up to think about money and how that changed as you progressed through the process.

The biggest belief shift that I needed to make was that it was possible and I was worthy.

 

What have been the biggest/toughest sacrifices you've made in your personal finance/debt-elimination process?

Nothing really crazy other than keeping cars for a long time and trying to do as much with cash as possible. But I was extremely disciplined in my savings rate over time.

 

Describe how it feels or how it feels to be "on your way" to debt-freedom. 

It feels great to be relatively debt-free. I say relatively because the only debt I have is the house which I could write a check for tomorrow if needed. I feel lighter and less worry because I am not beholden to anyone for anything.

 

This “$1000 In 30 Days Challenge and Resource Pack” is designed to help you find, cut and/or earn $1000 inside of 30 days so that you can: pay off debt with it, save it or invest it.

Here's the free downloadable/printable PDF.

 

What are some pieces of advice you would give to someone who's ready to get serious about tackling their finances?

Start where you are without judgment of how you got here. it less about the amount and more about the behavior so start with something even if it is only $5 If you're in a committed relationship make sure to lop them in so you can work together to become debt-free and build wealth.

 

Where can we find you (website, social media, etc.)?

 website - www.melabraham.com

Facebook - https://www.facebook.com/melhabraham

Instagram - https://www.instagram.com/melabraham9

YouTube - www.youtube.com/user/MelHAbraham

Podcast - www.MelAbraham.com/show/

Twitter - https://twitter.com/MelHAb

LinkedIn - https://www.linkedin.com/in/melhabraham/

 

Call To Action

Now that you've heard ... story, maybe you're ready to take a closer look at a "framework" to start your own "journey to debt freedom". And, if you’ve hung out on this platform for any length of time, you’ll know I’m all about helping you to take action. And here are two very easy next steps to keep you moving in the right direction:

  1. Download our free PDF guide that goes along with this series: “Debt-Elimination Quick-Start Guide”. This has a very comprehensive and dedicated video on establishing your “why”.
  2. Head over to YouTube and start with the “Day 0” video. You can totally binge-watch the whole series if you want. That “first pass” will give you an idea of where you are and what it’s going to take for you to get to the next level with your own personal situation. And again, starting with your “why” is the absolute most important step.

I want for you to capitalize on any and all emotional momentum you’ve gotten from this piece of content by committing two just getting started by completing those two actions I mentioned above. If you’ve done that, congratulations, you’ve started! Now just follow the breadcrumbs and please let me know what’s helpful and what you might need more detail around.

 

Struggling Or Feeling Alone?

Join Our Private FB Group: Zero Debt Tribe

Now, if this decision process is something you struggle with and you constantly feel isolated about, I’ve got some great news for you and it’s free.

Our private Facebook group, ZeroDebtTribe. It’s a group of like minded people that are all somewhere along this P2P/debt-elimination/on their way to FI continuum. So click the image above and apply to join us. :)

 

Call To Action 

So, we’re all about taking action around here, so I wanted to offer you this free little resource that will help you get your finances organized an on track in less than 4 hours. It’s called our “Debt-Elimination Quick-Start Guide” and the link is in the video description below.

Looking for a way to get started on your own debt-free journey? Check out my: 

 “Debt-Elimination Quick-Start Guide”. This free resource will have ALL the tools, forms and printables you’ll need while moving through this 30 day challenge.

 

  

How can ZeroDebtCoach help you? 4 ways...

 

1. Subscribe to our YouTube channel and click the notifications bell to make sure you get our new videos every week. 

 

2. Download one of our free personal finance guides. You’ll learn some of the exact strategies I teach my private coaching students on how to organize and optimize their finances, obliterate debt and move on to financial independence by starting and growing online businesses.

 

3. If you’re looking for a community of motivated and like-minded people, go ahead and get on the waitlist to join our private financial coaching community. We only open it for new students a couple of times a year, so make sure to get on the waitlist.

 

 

5. If you need some help right now because you’ve got a burning issue, you need a problem solved, you want to talk through a complex situation, click on the button below.

 

 

All that said, let's keep on building your financial acumen and make this your best year yet!

Thanks so much for reading and we’ll see you in the next video post!

 

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