Mel Abraham says true wealth is time, not dollars. Becoming a father pushed him to stop trading hours for money and build a "money machine" that turns earnings into cash-flowing assets, separating income from the effort required to earn it.
See, in the hands of a 6-year-old boy, I figured out that I had to get off the treadmill if I was going to be a dad, or I had to find a way to do that. And the only way I could do that is if I separated my ability to earn from the efforts to earn it. Okay, hence the subtitle of the book, Getting Your Money to Work Harder for You Than You Did for It. So you create this money machine. This is where you find it. This is where you start to take the cash flow from earnings and start to build the machine. We'll talk about what goes into it and how you do it, because the money machine is where you optimize assets and you optimize time. In other words, you get your time back. And I actually think your wealth should be measured in time and not dollars.
