Real Money Talks

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  

Dr. Dung Trinh is here again to talk about something that is on everybody's mind, the coronavirus or COVID-19 outbreak. Some of you may remember Dr. Trinh from previous shows where he talked about clinical studies on cannabis and his medical missionary non-profit and his work around the world and in Vietnam. Dr. Trinh is a physician in Orange County. He immigrated to the US as a child and has never stopped learning or giving back.  I’m happy to have him here today to answer questions about coronavirus or COVID -19 in this highly fluid situation. He shares what it actually is and what the main symptoms usually are. We also talk about theories about the spread, and he shares statistics from previous flu outbreaks which might be useful in trying to gauge the scale of this pandemic. We also talk about the stock market a bit. Everything is changing rapidly and all of the information we share is for educational purposes.  You can find Dr. Dung Trinh here: Ask Loral Show Notes: [01:33] Dr. Trinh is a physician in Orange County. He also has a nonprofit called TongueOut. He takes doctors, students, and volunteers around the world to do medical missionary type work.  [01:52] Last year, they were in Vietnam twice and Haiti, Peru, and Oaxaca Mexico. [02:11] He was supposed to be in Vietnam this month, but the coronavirus threw a wrench in his plans.  [03:16] SARs and MERs were both a coronavirus. So is the common cold. COVID-19 usually lives in wild animals like bats and rats. It must have mutated to live in human hosts.  [05:03] There is an 85% correlation between coronavirus DNA in humans and bats. The mutations are probably in that 15% difference that allows it to infect humans. [05:34] The theory is that it came from a wild animal market in Wuhan. That's why people believe that it came from that market and mutated from bats. [06:24] There is also a biological weapon theory from a research facility in Wuhan. These are all just theories, but there is a level 4 lab in Wuhan. [07:34] Symptoms are similar to the flu. They include fever, cough, and shortness of breath. The incubation period is from 2 days to 14 days. [08:42] You don't know you have coronavirus until you start having symptoms. This is why it's so hard to contain. [09:22] This is really hard to contain because of the 14-day incubation period. [09:53] Viral pneumonia can be caused by the coronavirus. [10:12] The flu virus has infected at least 30 something million Americans this year. Over a hundred thousand of those needed hospitalization. From that group there was up to 15 to 18 thousand deaths. People don't realize that the regular flu has killed that many people already. [12:11] There isn't a lot of sore throat with the coronavirus, but it's not black and white. [12:57] The death rate for the flu is one in 1,000. The death rate for coronavirus is much higher. [14:03] Older patients and patients with chronic health conditions are at the most risk. [15:17] It's spread by droplets from infected people and their hands.  [16:52] The scary part is that it's more contagious and spreading at a faster rate than the flu. [17:30] 80% affected only have a mild case and can be treated at home. [18:04] The big deal is that 20% will need hospitalization and 5% will need to be in ICU. Hospital bed shortages are an issue.  [20:41] The stock market is driven by fear. Dr. Trinh isn't optimistic for the short term if this breaks out in major cities. Links and Resources: Ask Loral App TongueOut Dr. Dung Trinh on LinkedIn Episode 150: Giving Back and Discovering Opportunity in Vietnam With Dr. Trihn

We continue our discussion about things you need to know during these times of uncertainty and the COVID-19 outbreak. This is the third part of our discussion, and we are going to get some of your questions answered by our expert panel. We discuss some of the questions that are on everyone’s mind like how to prepare for situations like this.  We talk about asking what you want and finding the courage to take action and better your results. This is a time to learn and reassess your plans. We hope that we can give you some food for thought for your future direction. It’s all about setting yourself up to thrive. We want you to get your expenses in order and develop a plan that works for you. You can find our panel here: Ask Loral Show Notes: [01:45] People are looking for what the best ways to prepare for something like this would be. [02:48] If you have a self-directed account you can make very smart decisions using a tool like iFlip.  [04:06] There are a variety of things you could do including looking at group real estate investments. [04:48] As a landlord, you can look at creative payments and how to restructure so your tenant will be able to stay. [07:15] Ask what you want and don't be paralyzed by fear. [09:25] Think about who would be a better steward of your 401k you or your employer. [10:00] If you work for a large corporation and have a 401k, there's really not anything you can do. The corporation or the plan decides where the money will go.  [10:19] Self-employed people have more say about their money and things like self-directed accounts.  [11:21] You can set up the accounts, so that they are ready when it's time to act.  [12:22] At the end of the day, ask what do you want and who you want to be?  [15:17] It's our job to help you think about what your options are. [17:08] You can listen to Eric Wilner on The Real Estate show.  [18:09] Intention is Eileen's word of the year. [18:42] Don't Panic. Have courage, and it's a good time to get started. [19:32] You can hear more in Millionaires in Training Facebook Group. [21:16] It would be a disservice if we didn't extend this invitation to give and help you. Links and Resources: Ask Loral App Millionaires in Training Facebook Group iFlip The Real Estate Show on Automatic Landlord

Ron Couming is a Search Engine Optimization SEO expert and digital marketer. He specializes in optimizing websites so that when people search for a search term, related to a website, that website will show up near the top of the search results. He has over 20 years experience in the tech world. He started out in IT managed services then moved to web optimization and SEO.  We start from the beginning and Ron shares what SEO is and why it matters. We talk about search terms and search engines like Google. He also explains what a backlink is and why it’s important. He also shares some optimization tips like creating a sitemap and submitting it to Google. We also talk about how to get reviews noticed in search results. This show is a great introduction for anyone interested in SEO.  You can find Ron here: Ron Couming on LinkedIn Text Loral to (978)393-3545 to get Ron's video series Internet marketing and Business Solutions with Ronald Couming Ask Loral Call for your strategy session 775-588-9200 Show Notes: [01:55] Ron started working in the tech world over 20 years ago. He used to work in managed services helping companies with their it. [02:40] He started noticing that everything was going mobile. He thought the world of managed services and break and fix was on the way out. [03:19] He made a switch to online marketing, social media, website optimization, email marketing, and funnels. Then he moved exclusively to SEO and online marketing. [04:06] Affiliate marketing is when you promote other products or services and get a commission when people purchase them. [06:07] Google owns YouTube. Pinterest and Amazon are also huge. Google has an algorithm made out of code. It takes a lot of things into a count to decide who to rank. [07:20] Make sure your on-page SEO is done correctly. If the search engines don't know what your page is about they can't index you. [08:17]  Make sure you have a sitemap and submit it to search engines. A website analysis will tell you everything that's deficient on your website. [09:02] You could use the Yoast plugin to create a sitemap. It will create the sitemap for you, but you also have to submit it to the search engines. [10:25] SEO is search engine optimization. It's the process of optimizing your website so that search engines can crawl it correctly and send you traffic. [11:14] Websites linking back to your site is a vote of confidence for your site. These are called backlinks. You want quality backlinks that lead to a quality site. [15:11] Appropriate SEO will help you attract many more customers and clients who are looking for your solution. Awareness creates opportunity. [16:02] Organic SEO costs less, and you actually own it. Pay-per-click is like an auction. skip past ads and go to organic results. You want to be on the first page organically and in the top three results. [18:30] The ads are at the beginning of the search results and it says ad before the ad. [19:39] Have your testimonials posted on your site as a separate page and then submit each page to Google through analytics. If the person posts their testimonial on their site, they can link back to you and create a backlink.  [23:14] Stick to the fundamentals and don't game the system.  [24:55] Text Loral to (978)393-3545 to get Ron's video series.  [25:39] Download the Ask Loral App. Links and Resources: Yoast Ask Loral App