Real Money Talks

Today we are in the most indiscriminate crash in the history of our lives. If you have the will to make money and be ethically through it, you can make money. I am talking about financial empowerment and the steps you need to take so you can take advantage of this indiscriminate market. You need to grab a pen and paper for this episode. I share many practical ideas so you can leave with a plan.  Today I am sharing a webinar with Raymond Aaron. Raymond is a New York Times Top 10 best selling author. He has been on stage for 37 years helping people write books, increase their credibility and branding, and understand the spiritual universe.  In this episode, I am talking about financial empowerment and taking action. How do you act, make money, and think the way the wealthy do? I answer this question and talk about practical steps for becoming a millionaire in 3-5 years. I talk about bitcoin, cannabis, hemp, digital currency, and so much more.  Show Notes: [00:41] Raymond Aaron is a New York Times Top 10 best selling author.  [02:54] Loral has been a multi-millionaire for 20 years and standing.     [04:35] She is talking about ways to make money in three days.   [06:21] Loral was filmed for the movie The Secret and got into the final edit. She is a millionaire maker.   [08:29] Loral has 52 books and five hit the New York Times.   [10:11] Instead of focusing on what you can’t have in the struggles, you focus on what you can have.   [12:54] Loral grew up on a farm in Nebraska. At 17, she received the book Think and Grow Rich and it changed her trajectory.   [14:19] In 1996 she really started studying money. She got a finance degree. She realized that working a traditional job was not for her.  [15:45] You can totally become a millionaire. You just have to do the steps in the right sequence.  [18:09] Some of the things we have been taught and the way we think about money is completely wrong. [20:02] This is your opportunity to change from being an employee to being an entrepreneur. [22:03] Today we are in the most indiscriminate crash in the history of our lives. If you have the will to make money and be ethically through it, you can make money. [23:32] Who am I? Who am I going to be on the other side of this? I have the trajectory to change my entire life.   [25:52] Digital currency is here and you are going to have to engage in it.  [27:27] Big asset classes right now are digital currency, the stock market, businesses, real estate, hemp, and cannabis.  [29:27] First, you are going to keep making money. Get as lean as you can with your personal accounts and assets.   [31:56] Pivot to new cash and get as much as you can.  [34:18] We are taught to go to school and get a job. We put a portion to a retirement structure, where we get taxed to pieces and live off the crumbs.  [36:26] Be an entrepreneur and be the boss! [37:29] You are going to take on good debt to become a millionaire.    [39:21] You have to have decision making, sequencing, and some common sense. Not difficult, but it has to be in the right order.  [41:29] You find places in your community that you can’t imagine living without and you invest in them.   [43:29] Companies make money. Individuals get taxed. [45:20] Colleges are teaching us to be employees. With a CEO mindset, you can look for teammates. [47:41] As an employee, it is a fixed income. As an entrepreneur, you can have an unlimited income.   [49:06] There are so many direct sales businesses all over the world that you can do.  [50:45] Real estate deals are everywhere.   [52:31] Many people make decisions based on their bank balance versus the projected money you can make.     [54:52] All of you have the ability to make money, you just haven’t been taught. You haven’t been taught to ask for money. You man is not your plan for financial freedom.   [56:02] Your own business and database are one of the greatest assets you will ever own.  [59:09] Challenge where you put boundaries around yourself. [60:13] Loral wants us to get to the place where making money and keeping money is just what we do. [62:11] You are going to find your tribe in Loral’s tribe especially as they get to know you and find out what you need and don’t want.  [62:47] Everyone should write a book.  It is your brain on paper and makes you credible. You want your book to be the top of your funnel.    [64:17] She brings a ton of people to the Marketplace because they have to teach you how to make money. It starts with a new business model.   [67:16] Loral loves the residual income that comes from direct sales.   [68:02] Yes energy is when you say yes and you have no idea what to do because then you figure it out. Then it is time to get creative and find resources.   [69:24] We don’t focus on making six figures. We focus on making $500 a day.   [71:14] Business and money are in your life every day. Why are you doing it alone? [73:09] It is not self-driven, it is customer-driven. You don’t control but instead, provide leadership.  [74:36] Making money and investing money is where most people go wrong. Instead of making it and spending it, you should make it and invest it.   [76:32] When you say yes, you start getting creative about who is going to help you. You need to lead more and do less.   Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Raymond Aaron Think and Grow Rich  

Today I have Ezanne with me.  We met 10 years ago in South Africa.  Now she lives in Canada.  She has had an enormous journey of learning and sharing.  She is here to talk about the business side and how her background can help you.  Ezanne Swanepoel has been primarily working in Africa for the last twenty years.  She was born and grew up in Africa and also engaged in Europe and some Asia countries over the last twenty years.   Ezanne is one of the leading money and empowerment experts helping people strip the blockages and filters that prevent them from unlocking their path to prosperity, fulfillment, and contribution.  Ezanne shares her different experiences and perspectives from growing up in Africa and living in the United States and Canada.  She teaches people how to make and keep money while making an impact. Show Notes: [02:18] African children are traditionally named after places, spirits, ancestors, events, or anything occurring during the time of their birth.  They believe a name can influence both the life of a child and family, so choosing a name is done with great care and consideration.   [03:20] Ezanne means the good, righteous mother.     [04:35] She has known that her calling since birth is to help people and businesses to unlock their path to prosperity, fulfillment, and contribution by serving the greater good.   [06:08] There are significant differences in other cultures around money.  In Africa, it is all about collaboration.      [06:57]  Africa is a “we culture,” so when you earn money it is for sharing and uplifting of everyone.   [07:50] People in America have a significantly different relationship with money in general than Africans.   [09:12] Looking at the U.S. and Africa as a whole, they have more enterprise thinking than Canada.   [11:01] When people view things as scarce, they don’t see a possibility to even angle in that avenue.   [11:16] People err on caution when speaking about money. In general, very few people are willing to speak about their financial situation or understanding money.   [13:15] Creating financial wealth is complex.     [15:28] It is important to identify the right people to speak to and then collaborate with in order to sustain wealth creation.   [15:43] Once you learn how to make money and keep it, then you need the right team to support you in sustaining that approach. [16:17] We have to start by shifting the mindset from the why not to the why yes.  This seems easier said than done because people have a lot of programming from their past.  [17:02] The first step in eradicating fear is gaining more control of your situation.  You can’t feel in control if you don’t even understand your situation.   [17:40] You need to start creating more cash in order to get you to that place where you need to go.  Ezanne does research on the wealthiest people in the world.  [19:01] As you become more and more successful, life will definitely give you some curveballs.   [20:17] The first step in collaboration is to be clear on the parties that are involved and why they are involved.    [22:08] In America and Canada there are more decided relationships with a particular intent.  [23:32] Ezanne wants to serve from a North American perspective.   [24:12] She wants to help people on a large scale shift from their financial struggles during COVID.   [24:29] We owe it to ourselves to wake up and step into our authentic selves and to serve with the unique gifts that we came to earth with.  Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Ezanne on Facebook  

Today I have an amazing new client with us. Her thinking and brains are amazing, Anita just jumps on and starts sharing.  I am so excited to have Anita Vanderhaeghe with me on the podcast today.   Anita Vanderhaeghe is an Astro-wealth and health coach.  She is a modern sage and expert business mentor that integrates the best of the physical universe strategies with spiritual universe wisdom.  She is bridging the world of business, strategic planning, and intuitive management and incorporating those using eight ancient sciences and astrology.      Anita has done a lot of different work from being a Bloomingdale’s fashion designer to working on marketing teams behind the scenes.  She uses her business strategy and experience combined with her knowledge and passion of astrology.   Show Notes: [02:20] Her dad owned many businesses and gave Anita the entrepreneurial spirit.   [02:54] She came to what she is doing now by combining her marketing background and love for ancient sciences and astrology.     [05:50] Everything has a negative and a positive charge, so you can choose to use the energy positively.   [07:08] Throughout our childhood we are told that we don’t know our gifts, so we lose our knowing. You can get back to what you loved to do as a child.   [08:27]  Everyone has a personal inclination that is a gift they have chosen that they can share with the world.   [10:54] Saturn, Pluto, and Jupiter are all in Capricorn. Capricorn rules business, big banking, and a need to restructure things.   [11:36] We are not looking at things holistically.   [12:25] Astrologically we have this restriction happening at the same time as an awakening to what we are going to need to do to help people.   [12:49] There will be a transformation happening over the next couple of years with the way we look at health.   [14:10] Astrology is the art of perfect timing.  [15:34] A lot of people are going to start making unexpected decisions that they have been putting off for a long time.   [15:58] You can start by looking at your sun sign and then your ascendant sign together.   [16:56] Watch what is happening with the moon.  Your body is affected by the moon. [17:51] Watch for eclipses, because eclipses are turning point times.   [19:17] You can have the life you want if you use your gifts and if you really want to help people. [20:14] Research your sign. See what different astrologers say and see which ones ring true for you.  Anita recommends Susan Miller from Astrology Zone.  [21:52] It is good to make sure your family is secure and you have cash coming in.  [24:03] When the planets are in retrograde it is like a reset or a time out to take care of things.  [25:41] When Venus is in retrograde you want to review your relationships and take a look at what you are doing with your money.  [26:25] Look at where your money is, what you owe, where you are making money, and future opportunities. Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Anita’s Website Anita on Facebook Astrology Zone

On today’s episode, we have a very new way to make money and be in business with a special international guest.  Breanna Sponcey was a winner in our Virtual Meetup and Marketplace and is joining me on the show today to share about her business successes.   Breanna Sponcey grew up in Fallon, Nebraska.  She started cleaning houses at the age of nine and had her own landscaping business in high school.  She was never comfortable working for someone else, so after high school, she moved to Reno and started her own make-up business.  She did the make-up for models, photoshoots, and weddings and that led to doing theater make-up where she was head of the department on Broadway.  She had an awesome opportunity to move to Costa Rica.  Before moving she joined a network marketing business to have something to fall back on.  After a year of building that business, they were able to buy a bar that they turned into a successful nightclub and then later added their own delivery and advertising business.     Breanna’s goal was to create three successful businesses by the age of thirty.  She shares her business experience and how she reached this goal months before her thirtieth birthday.  Breanna shares her experience creating her brick and mortar and direct sales businesses.  She also shares the key steps and techniques that have led to her entrepreneurial success.   Show Notes: [01:29] Breanna started working around the age of nine cleaning houses.   [02:32] She joined a network marketing business before moving to Costa Rica to have something to fall back on since she had no idea what their plans were when they arrived.    [02:46] After a year of building that business, they were able to buy a bar that they turned into a successful nightclub.   [02:57] Her goal was to own three successful businesses before she was thirty and she was able to hit that goal one month prior to her thirtieth birthday.    [03:24]  She is always looking for the next best thing and never wants to miss an opportunity because of a lack of knowledge or skills.   [03:56] Yes moments are when you have no idea what you are doing, but you very quickly go figure it out.  [04:26] Breanna won third place in the Virtual Meetup and Marketplace event.  [05:03]  Breanna started watching all Loral’s videos on Facebook and knew that she needed to join the event.  Aside from all the knowledge and the money she made, the network she created was the best part.   [06:03] Her goal was to add team members to her MLM team and her entry item was a raffle ticket for a VIP experience at the nightclub.  [06:46] Each month in her direct sales business, she has different offers including drawings for bigger products. [07:42] There are many different ways to make money.   [07:55] Breanna shares about finding and building their nightclub.  [09:07] They were looking for businesses they could buy.  It was tough at first and after many red flags, they finally found a bar to buy.    [10:12] They outgrew their first space and started building a new space.   [10:57] They purchased their space with money they had saved prior to moving and money they earned with the multi-level marketing business so they didn’t need to take a loan.   [11:27] Their nightclub was completely shut down on March 16th and they don’t have plans to reopen until November based on Costa Rica’s rules for nightclubs.   [13:18] The pandemic has opened a few doors that no one would have considered if not forced to pivot in this way in these times.   [14:24] The biggest lesson for Breanna is to always have a support system.     [14:34] It is all about doing the work, making the mistakes, taking risks to find out what works, and surrounding yourself with people that are where you want to be.   [16:16] She chose her MLM because she had been using the products since she was eighteen years old, so it was a natural choice.   [16:44] After working really hard for one year it became a passive income stream for them.  [18:01] Her strong team has been a crucial part of her success in her direct sales business.  She provides resources and support to anyone that wants to join their team and create a business. [18:21] It is the same with any business, we have to make changes constantly. [18:40] You have to follow the trends that are working, drop the ones that are not, and find the next ones. [19:08] Breanna’s number one tip is to get involved with a team that is already led in the way you want to be a leader.      Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store El Garito Tamarindo Breanna on Facebook Email Breanna

Why are we talking about health on a money podcast?  You have to have health and wealth both and we are going to lean towards what Dr. Stacey is doing in this time of COVID-19 to change her business model and still come out on top financially making money.    Dr. Stacey Cooper is a holistic health and wellness authority, inspirational speaker, and educator. She is the founder of Lifestyle Balance Solutions, International best-selling author of What’s Self-Love Got To Do With It?, creator of the Healthy Eating Blueprint™ and the Balanced Living Academy™, and the author of the Healthy Fuels Cookbook™. Dr. Stacey's practice was founded in 1912 by her Great-Grandfather and she is a fourth-generation practitioner with clinical experience which spans over 23 years. Her newest book, "Heal Your Health Naturally" will launch on May 11 in Toronto, with Jack Canfield of Chicken Soup for the Soul fame and has also been endorsed by Bob Proctor. In this episode, we start out talking about how to create a healthy lifestyle.  Then we transition to discussing how Dr. Stacey has added an online portion to her business to better serve many patients during the pandemic.  Dr. Stacey shares her experience creating her online business and being a winner in the Virtual Meetup and Marketplace.  She also shares some beginning steps for moving your business online.   Show Notes: [02:04] Dr. Stacey is a fourth-generation doctor chiropractic.  Her grandfather started their practice in 1912.  She has been practicing for over 23 years in a brick and mortar business.   [02:43] It is her mission to share with the world how they can heal their health naturally.   [04:28] She teaches how you can swap out the bad fuels and put whole natural foods into your body and this changes the outcome.   [05:04] It is not a diet.  It is a lifestyle.   [05:52]  This is the first generation of children that will not outlive their parents simply due to obesity and the diabetic epidemic.   [07:25] Sleep is a critical component.   [08:44] Dr. Stacey won the Virtual Meetup and Marketplace twice in April and May.  [09:45] Dr. Stacey created Lifestyle Balance Solutions so she could share her knowledge and answer questions for many more clients online.   [09:58] Not having multiple sources of income would really have put her in a very difficult situation.   [10:37] Health is the number one commodity that you can not put a price tag on. Boosting your immune system naturally is essential to maintaining your health and being productive.  [12:16] The monthly Virtual Meetup and Marketplace teaches you how to go online and make money.   [13:03] With 1-to-1 office visits there were only so many people Dr. Stacey could reach because there is only so much time in the day.  Taking her business online made the population seemingly endless.   [13:25] Start with what you are already doing multiple times a day.  She offered a one-page free guide when they joined her email list.   [13:55] You can communicate with your email list, provide great content and value to them, and you can make an offer to them down the road.   [14:35] Once a person is on her email list she sends emails to nurture them and then she invites them to her free web class.   [16:14] When you have a knowledgeable team you can get online very quickly.  Working with a mentor is absolutely the key. [18:57] Dr. Stacey has another book in the works, she is also in the process of creating her week-long retreat and continuing her online business.   [19:56] In this day and age you need to have multiple sources of income.     Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Dr. Stacey’s Website Dr. Stacey on LinkedIn Dr. Stacey on Facebook Dr. Stacey on YouTube Dr. Stacey on Pinterest Dr. Stacey’s Free Ebook  

In the marketplace awareness series, we are talking about what is going on in the economy and how to make money.  We have conversations about making money, keeping money, and investing money.  Today I have an extraordinary gentleman on the podcast.  Jim Blasko is with me today and we are talking about digital currency and the market. Jim Blasko is the co-founder, station developer, and program director for Bitcoin Talk Radio.  They bring all the bitcoin content to one location for easy access.  They include podcasts, price updates, latest news updates, and music. Jim is also the CEO of Aspire and CTO for Talent Joe.  Aspire is a revolutionary smart contract platform designed to allow users to easily create their own digital assets under a faster and more secure environment. Talent Joe is an online social platform that brings talent together with celebrities, stars, industry professionals, and fans into one central location to form a powerful community. Jim currently resides in Las Vegas.   In this episode, we talk about bitcoin and digital currency including the fast-approaching future of digital currency.  Jim shares his experiences, some good and some bad, with bitcoin.  We talk about the first steps for getting started, ways to protect yourself from scams, and Jim’s successes and upcoming projects.   Show Notes: [01:43] Jim has a radio station called Bitcoin Talk Radio. Bitcoin Talk Radio is 24/7 streaming, it has been around since 2014, and it’s the first bitcoin fully licensed radio station.   [03:01] You have to do your research and really look into all these different platforms, programs, and cryptocurrencies.   [03:57] The stock market took a big hit with COVID-19, but bitcoin has recovered to where it was prior to the pandemic.  It took a price dip at first, but it has come back faster than most things have.   [04:58] Bitcoin is more of a way of life and there are going to be ups and downs in this way of life.   Bitcoin has a great long-term future.  [06:23]  J.P. Morgan decided they are now going to work with bitcoin. Those who didn’t like it are starting to warm up.   [08:31] The first key is to have a wallet.   [09:55] If you don’t hold your keys, you’re not holding your money. Not your keys, not your bitcoin.  [10:32] Coin Base is a centralized place similar to a bank.  It is very convenient, but the problem is that you are not holding your own money.   [11:41] These exchanges sometimes get hacked.  [13:23] Jim recommends two devices.  One to hold you main stash of bitcoins and one that holds what you want to carry around with you.   [13:47] There are going to be scams in anything that is popular.  You have to be very careful.   [14:34] Do your research.  Look into these projects including who is behind the projects, research the names, and do online background checks.  Look for the guys who have made other projects that were successful.  [15:54] There used to be a lot more exchanges in the United States.  There is less now, because of the regulations.    [16:24] Bittrex is an exchange that has been around for quite a while and it is U.S. regulated.  They have a lot of alternative cryptocurrencies instead of just having the main ones.   [18:31] A token is something that runs on somebody else’s platform.  [18:44] Aspire is a platform that Jim has been working on for three years. Aspire is a platform that lies over the top of a blockchain that they built. They have another software over the top of that which allows people to create their own coin.   [20:14] Jim doesn’t recommend or trust cryptocurrencies that back gold. Jim prefers to own his gold physically and have his cryptocurrency.   [21:07] Bitcoin is not backed by gold.  It is backed by the people that use it.   [21:22] Hal Finney, an amazing computer scientist, created blockchain technology.  He built it before bitcoin was a thing.    [22:08] Blockchain technology is a viewable history of all transactions that ever happened on the network.  [23:52] You can’t pass diseases with digital money.  You can’t get sick from cryptocurrency.   [24:35] Most likely we are going to see a stable coin that has a set price.  At some point, they are going to force everyone to convert from paper money to digital money.     [25:22] In 15-20 years or less paper money will be gone.     [27:07] Bitcoin is borderless.  It doesn’t have any boundaries when traveling to other countries. You can carry your bitcoin with you anywhere in the world.    [28:29] Talent Joe will allow people to create their own cryptocurrencies or tokens.   [30:44] Big things are coming from Talent Joe in the next 6-8 months.  [31:02] Talent Joe is the killer app for Aspire.  Aspire is a great technology and Talent Joe is going to put it to use.  [31:31] Cryptocurrency is here.  It is borderless, your own money, and nobody can take it away from you.  It has been one of the best investments for Jim.    [34:12] Jim shares about reopenings and changes coming in Las Vegas during these times.   Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Bitcoin Talk Radio Aspire Bittrex Talent Joe  

The pandemic is no secret now.  Regardless of how each of us feels about it, it happened.  Problems happened with it, especially for the millionaires.  For each of you listening today, if you are a millionaire or your goal is to become a millionaire you have to pay close attention to today’s call.  At the end of 2019, there will be 11 million American millionaires according to a new study published by Spectrum Group.   According to the Bloomberg Billionaire Index, the world’s 500 richest people have lost over a trillion dollars since the start of this year.  This is over 20% of their net worth.  It didn’t just affect the poor and the middle class, it hit everyone.  Some can just stick it out longer than others.  If you are listening today as an entrepreneur, solopreneur, or maybe you are just getting started kicking around an idea there is no better time to get started than right now.    Have you been sidetracked by the pandemic?  It is time to get back on track and make the most of our current situation.  In this episode, I am on call with Chad McCall.  We talk about how you need to reset and take action now to grow your wealth.  We share practical steps you can take to get started now and make the most of the current transfer of wealth.   Show Notes: [01:22] The pandemic didn’t just affect the poor and the middle class, it hit everyone. [01:29] If you are listening today as an entrepreneur, solopreneur, or maybe you are just getting started kicking around an idea there is no better time to get started than right now. [04:02] Finally, the message of being an entrepreneur is more relevant and more timely than it has ever been.  [04:30] March 17th was the biggest stock market crash since 1929.   [06:10]  Loral helps people overcome doubt by helping them actually make money.   [07:08] It is not about your mindset.  It is that you don’t ask for money.  If you don’t ask you won’t receive it.   [08:12] What are you going to start doing now and stop doing? The more successful people need to stop a lot of noise.   [08:49] You have a perfect time to reset your overhead, your team, your travel, and offerings.   [10:01] Loral is helping people collaborate, create new divisions, and create new partnerships.  [11:56] This might be that perfect time for those advanced investors to lock in on a business that needs them and they can step into and use their expertise to grow the business.   [14:12] There has never been a time in the history of our lives where it is so indiscriminate for anybody to buy.   [16:33] May is the time where many states are going to open and there are going to be many opportunities.  [17:21] Start getting a plan and your cash together and figure out who you want to be on the other side of this.   [19:01] The serious people who want to do something, this is their time.  Right now is the time to grow and expand.   [22:50] Get other peoples’ ideas, thoughts, and opinions.  Gather that information from a financially literate perspective and you make your own decision.   [23:04] Many wealthy people have and rely on their teams.  You need a team to walk through this with.   [25:16] Chad believes there will be a surge of women entrepreneurs over the next two years.  [27:54] If you have a gift and a talent and you are sitting on your rear doing nothing, you are the most selfish human on this planet because you are not suiting up and helping other people.   [28:47] Get beyond your selfishness and ask yourself, “What do I need to be doing to help my community come back alive?” Be a creator in your community instead of a taker.  [31:36] Loral’s is a Harry Potter, Florida-Georgia Line, and Zach Brown fan.  [32:29] Loral sold her horse Trudy to get her first truck when she lived in Nebraska.   Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store On Call with Chad McCall

The world will witness the greatest transfer of wealth possibly EVER SEEN during the next 10-12 months, and you need to be ready to take advantage. It doesn’t matter where you are in the world there are so many ways you can enter into the market.   In this follow-up episode, I am answering all your questions about buying businesses and moving forward in the next few months.  I talk about the benefits of buying now.  I also talk about what to access before buying and thinking creatively when restarting to expand and grow. I talk about many different types of businesses including hair salons, daycares, auto detailers, art galleries, and more.    Right now you need some creativity in the current market to restart, expand, and grow.  I share many different types of ideas for restarting your current business or a new business.  Creativity is the key!  Show Notes: [00:54] It would be beneficial to buy in now with hair salons because you would be buying in at a low rate and you could be a part of bringing it back up.   [03:05] Loral shares about a VIP experience that they created to bring in cash flow for a hair salon.   [04:31] Managing and holding on to the credit card and contracting the cash on a twelve-month contract is a great way to manage and contract cash flow. This can be done with many types of business including daycares and auto detailers.   [05:24] Hemp farms can be a great investment if you have a buyer.   [07:10]  If you get motivated you can really get creative about creating a revenue stream.   [07:54] You do need to be geo targeted or at least understand the pattern of the traffic. Is it seasonal?  [09:34] She likes to see a variety of kinds of income which can recession-proof you.   [10:59] My goal is to get your mind churning and give you an initial script to go and look around your community and start walking in or getting online and talking to the owner.   [11:44] One creative way to get people involved in your business is to take them on a virtual tour or have an online event especially if you are an art gallery or similar business.     [13:38] The biggest missing piece is lower-end ticket items that are missing to just get people interested.   [13:58] You do want to look at your competition.  Loral suggests and walks clients through using SWAT charts.     [14:39] If you come in and take over a business do you want to clean house or maintain the same employees? [15:32] Will there be an ownership change or can you just add a new division and just take over that? You would need an LLC with the new division.   [18:22] If you are in the Millionaire Training group that is where you are going to get your most prized content, bonuses, and offers.   [19:29] Get your head up and think, talk, and make money the way the wealthy do.   [19:35] Your homework is to go look around your community and see what is available to buy and bring any questions back to the Millionaire Training group.   [20:07] Is there a target industry that may hold a sweet spot for consumers? [21:42] People are looking at how they are going to spend differently.   [22:51] If you have good expertise and a good team on your side you can buy things and not have to pay a dime.    Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store

We want to keep you focused on what is important and not go back to old bad behaviors of ignoring money.  Today we are going to talk a lot about what you do when you make money.  Most people need money rules and to decide where you want to put your money.   This episode is called “The Most Indiscriminate Crash.”  The reason it is indiscriminate is that it is not age-sensitive. The world will witness the greatest transfer of wealth possibly EVER SEEN during the next 10-12 months, and you need to be ready to take advantage. It doesn’t matter where you are in the world there are so many ways you can enter into the market.   I talk about how to decide what type of business you want to buy, questions you need to ask to evaluate a business, and how to approach the current owner. Real estate has for sale signs and the MLS, but that is not true with businesses.  You have to approach the current owner and I talk about how to do this and exactly what to say.   Show Notes: [00:50] What have you been doing that is new around your money plans? [02:05] Making money is not a one-time event.  It needs to become a daily behavior.  [03:33] March 17th was the largest crash since 1929 that we have ever seen in the stock market.   [04:15] The decisions now are how much more money can you make and where do you want to put it.   [05:23] May is going to be one of the riskiest months to make these money decisions.   [07:24] We are going to talk about the break-even points of a business opening.   [09:05] Who do you want to be in all this? Who do you want to be on the other side of this? [11:08] Everything is on sale and it is going to get more and more on sale.     [11:32] Loral shares a list of questions that are critical to ask if you are deciding whether to buy a company or not.  [13:38] Think about the types of businesses that are going to have the cash flow you want.   [15:45] Her #1 negotiating conversation is “Yes is going to be the answer so now let’s talk about how it’s going to work.”   [17:02] Without the real estate, I wouldn’t become a tenant.  I want to be a tenant in my own place.   [17:32] Not knowing how to do it is never the consideration.  You will hire people to do it that actually know what they are doing and you will find the money if the deal is right.  [19:34] Does the current owner want to sell the business? [21:12] You want to be thinking about how does the money flow.  [22:06] Real estate has for sale signs and the MLS, but that is not true with businesses.   [24:03] The lawyers you need to be using are business lawyers that have actually owned and operated entrepreneurial businesses.  [24:29] Loral shares more evaluation questions when looking to buy a business.   [27:12] It is really important to look at the business database.  [28:19] You can get a lot of new runway with an endorsed database. [30:56] A big question is how many customers does the business serve on a regular basis and what has the decline been because of COVID.    Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store  

There will be an upcoming shift in the real estate market you can take advantage of. In this episode, we talk about real estate, self-directed IRAs, and the current market. I have my wonderful friend Ron Legrand with me for this episode. Ron is a dear friend, mentor, and has taught me a ton about this business. Not only is he the best I know in real estate, but he has a consistent and constant following. Even though he is humble and doesn’t brag about it he has made more millionaires and has helped countless families thrive in real estate.  We talk about real estate and how you can sell or buy using terms to create residual monthly income. Even though we are living in uncertain times people still need a place to live. We also talk about self-direct and Roth IRA’s and how they can benefit you financially. You don’t want to miss it!  Show Notes: [02:35] Ron has bought and sold over 3,000 houses.  [03:01] Ron’s specialty is buying and selling in terms. In other words, we get the seller to sell it with terms so we can offer it to our buyers with terms and those are the folks that can not qualify at a bank.  [04:20] There are three kinds of terms. You lease it with an option to buy from the seller, or the seller deeds it to you and you start making their payments or buy it with owner financing.   [05:02] Most of the ones Ron buys are on a wrap-around mortgage because the seller has a debt. He buys it with owner financing.  [05:46] Some people will sell you a house with nothing down if you use the right script.   [06:28] Ron is able to help buyers with a lower deposit and less than perfect credit. [07:07] He is able to create a residual monthly income that keeps on coming in for years.  [07:40] Ron gets all these advantages for owning real estate. He wants growth, tax reduction, and wealth all in one deal.  [08:39] He uses free apps and websites to help him find the homes he wants to buy including Facebook Marketplace and Facebook Ads. He also uses door hangers and flyers to get the word out about properties he is selling.  [10:20] How would you use self-directed IRAs?  [10:36] Self-directed IRAs can buy real estate just like we do. They are better suited for the cash, rehab, or wholesale deals that do not come with debt.  [11:53] A Roth is the only IRA one needs because it is tax-free. Doing business tax-free is always better.  [14:41] There are self-directed IRA companies that only focus on these specific IRA’s.  [15:45] You can’t deal with anyone in your linear descent including your spouse’s group or you are self-dealing. Self-dealing can wipe out your IRA and cause penalties.  [16:12] In these current times, Ron has found that business is better than it was. Buyers have a different mindset, they are way easier to deal with and they are abundant with money to put up.  [17:38] Why are current times so different than 2008, 2009, and 2010? [18:28] Many of Ron’s colleagues are finding the real estate market easier right now.  [18:50] Ron has a free 3-day summit coming up on May 5th-7th. [20:08] During the summit they actually do deals while you watch.  [20:56] Loral is speaking at the summit about how to buy businesses.  [21:08] Ron’s free summit is a 3-day event. The event runs from 11 AM EST - 6:30 PM EST on days 1 and 2. The event wraps up at 5:00 PM EST on day 3.  [22:34] Ron has been doing live events for a long time and will continue doing them once we get passed all this.   Links and Resources: Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Ron’s Website Ron on Facebook Ron on Instagram Ron on YouTube Ron on Twitter Quest Trust Company Summit Sign-Up