Real Money Talks

We are about finding ways to make and keep money. This includes alternative investment ideas. Today, I have a guest who is here to talk about ORMUS and Etherium water. Caren Avedon is someone who’s family history has allowed her the freedom and time to pursue the things that interest her. Her current interest is the healing properties of ORMUS. According to Caren, we are at the cutting edge of bringing back healing elements from ancient times that are being rediscovered in modern times. Mineral and element compounds like ORMUS are one these ancient healing tools. Montmorillonite is an element found in bentonite clay that allows for healing, detoxifying, fighting EMFs, and more. We are just touching the surface of this discovery and it’s potential, but it’s a great start.  You can find Caren here: Ask Loral Show Notes [01:52] Caren came from a background that allowed her the time to pursue her interests.  [02:30] She has multiple experiences that have allowed her to learn.  [03:41] Etherium gold is a compound mineral.  [04:54] ORMUS comes from light that occurs in the universe. It has healing properties to our bodies and expanding and grounding evolution on our bioelectric bodies of our aura.  [06:26] ORMUS makes the healing properties of cannabis grow.  [07:23] When detoxing, you have to have the patience to let the impurities and the toxins emerge to the surface. ORMUS is a detox superconductor.  [08:47] ORMUS is an amazingly powerful medicine.  [09:29] ORMUS products come in many household and commercial forms.  [10:40] Bentonite contains montmorillonite which is used to filter fish tanks and any way that bentonite is used. It also has a very profound effect on bioelectromagnetic fields. [14:31] ORMUS can be used to calm down electromagnetic fields like that created by 5G networks. It's like an electromagnetic harmonizing device.  [16:11] Microdosing is a good way to begin with ORMUS. Some people use it before meditation.  [17:17] Start with small amounts and trust how you feel. It makes you feel aware and relaxed or super conscious.  [20:21] ORMUS is beneficial to almost every industry. [22:36] If your grandma forced a spoonful of cod liver oil down your throat and told you it was good for you, this is so much better. It's palatable, it feels good, you can trust it, and you can work with it so it addresses what you need support in. Links and Resources: Loral’s Real Money Talks

Tania Vasallo is the founder of The Courage To Be Happy a supportive community that empowers women entrepreneurs to create an authentic brand and lifestyle that fits their vision. Tania started out as an art director at a New York agency where she worked with big brands.  In her search to find something more fulfilling, she became one of the early certified life coaches. After many moves and career shifts, she founded The Courage To Be Happy. Tania is also a client. Today, we discuss what it means to have courage, the different ways men and women think about money, and why it’s important to make a plan and then jump in and do it.  You can find Tania Vasallo here: Ask Loral The Courage To Be Happy Show Notes: [01:31] Tania started as an advertising art director in New York City around 20 years ago. She worked on huge accounts like Samsung and Starbucks.  [02:02] Her work didn't align with her values and she wasn't happy with it. She felt trapped in the corporate world. [02:16] Tania and her husband both decided to quit their corporate jobs. They worked as photographers and Tania got her life coach certification.  [02:58] They then moved to Spain where Tania is originally from. They opened a creative studio.  [03:43] They then moved to the States and Tania launched The Courage to Be Happy four years ago.  [04:33] She started focusing on branding, but teaches a lot about women and business and money.  [06:08] Tania learned that a lot of women wanted to start amazing business, but had trouble with the making money part.  [06:21] She works with women and finds where they are at with their business and then helps them find their blind spots when it comes to systems and strategies.  [08:29] A lot of women don't want to talk about money. There seems to be a shame when it comes to talking about money.  [09:20] If you have courage the universe will compensate. [09:43] When it comes to sales a lot of women don't want to ask for money.  [10:24] Business is all about exchanging money for value. Money touches everything in our world. Get yourself educated about business and money.  [11:29] Men seem to be more decisive and feel more qualified. A man will ask for a sale when 50% qualified where women want to be 100% qualified.  [12:55] Women also tend to feel that they need to do everything themselves. Men don't struggle with investing in themselves.  [14:16] Things shift when you put a plan together. Jump in. Life is too short to not follow through.  [15:12] Tania stopped coaching after she had a close friend and client suddenly die.  [17:44] People often don't plan their lives, dreams, and goals. [18:31] Tania is giving away a workbook to help think about what you want in your life.  [19:18] Journaling is a wonderful tool that helps us tap into deeper parts of ourselves.  [20:28] Keep on dreaming and have courage over comfort.  Links and Resources: A free gift for the audience: “Designing my life workbook” The Artist's Way: 25th Anniversary Edition

As our population ages the need for caregivers keeps rising. My guest today is a huge proponent of modern active aging. He has also built a business around finding caregivers that clients can trust and relate too. Jon Siegel is a board-certified clinical psychotherapist who has been in private practice for 35 years. Jon discovered a need and decided to build a business around it. His business The Perfect Companion uses unique insights to assess the skill sets and personalities of caregivers in order to match them to clients according to their personalities and needs. Jon talks about his business and how having the proper care and lifestyle can lead to vital active aging.  You can find Jon Siegel here: Ask Loral The Perfect Companion Call Jon (602) 300-5018Call the office ask for Carlos (602) 595-9096 Show Notes: [01:35] Jon is a psychotherapist by trade, and he has been in private practice for 35 years. [02:07] He concentrated on anything with the mental health approach. [02:29] There was a lack of quality caregivers in Scottsdale, Arizona. There was a need for a non-medical in-home care provider that featured people who could relate to the clients. [03:36] Jon started The Perfect Companion with the goal of matching up the personalities and skill sets of their caregivers with the personalities and needs of their clients.  [04:04] Jon created a successful concierge approach where they match their caregivers with their clients. [04:42] Modern active aging is where one can physically, emotionally, and socially stay in touch with the times. [05:24] We should have a positive modern way of being able to help people from a medical standpoint. [05:36] We want to age in a strength-based way and stay away from the pharmaceuticals. [06:32] As we age, we need to have purpose, passion, and possession. Take ownership of something that you do better than anyone else.  [10:11] The active aging model is doing things in a mindful way.  [11:05] Jon is an active proponent of plant based diets and actively working out.  [11:33] The mind and gut go well together. There is a lot of gut toxicity.  [13:00] Get out and move. You don't have to be the best. Combine the mind, body, and spirit in a way where you do things well.  [14:42] He tries to attract clientele who have discretionary income for a private pay basis. They try to find caregivers with similar life experience. They also hire older people to match up with their clients. [18:34] Jon talks about attracting and attaining the care givers that he wants and needs. [19:14] Talk to family and friends and find people for caregivers and clients. [20:33] The top markets that Jon is targeting include Palm Springs and Beverly Hills and Lake Tahoe where people are looking for personalized care.  [23:30] They can also add on value with natural medications.  [25:01] Technology and creating interactive experiences is really important. Building the model that matches the caregiver with the client creates a lot of trust.   Links and Resources: Loral’s Real Money Talks

Have you ever dreamed of being on Shark Tank? Do you have an amazing business idea that needs capital to get off of the ground. Today’s show is an interview that Loral did with Jonathan Foltz. Jonathan is the co-founder of PITCH Investors Live. This is a new platform that allows entrepreneurs to pitch their ideas to potential investors and sharks. Jonathan sums it up as Shark Tank meets Kickstarter meets online dating all live streamed. This revolutionary new app not only allows regular people to get in front of much sought after investors, but it has the capacity to get your idea in front of regular people who might be interested in investing in you and your idea. Loral is super excited about this new business partnership and her and Jonathan talk about everything involved in pitching and how you can get started with some incredible bonus offers. You can find Jonathan Foltz here: Integrated Health & Wealth Ask Loral Show Notes: [06:01] The app has about 200 to 300 investors in their database. People are even getting deals from people watching in the audience, so there are probably more like 1000 investors. [07:55] The Big Table teaches how to vet deals. [08:19] Sharks are equity investors that also bring their brains and experience to the deal. [09:24] Can you give too much info when pitching a shark? Real sharks are so busy, they aren't going to "steal" your idea. [13:39] An accelerator session is a 30-day trial to learn everything you need to know to get your idea off of the ground. [17:14] Loral gives tips on what you need to pitch properly. Investors also like partners, knowing your market, and how you're going to make money. [18:56] Have a really good story and have numbers that make sense. [20:04] Jonathan shares how he got started with PITCH Investors Live. [22:13] Getting money and strategic partners is always one of the hardest things. Getting cash from investors can accelerate growth. [24:44] Jonathan shares a success story where a guy pitched, got rejected, and then someone from LinkedIn contacted him. Now his company has been acquired. [26:24] People who are just watching the pitch may contact the entrepreneur. The pitches will be available for later viewing. [28:29] To get started, you sign in, and download the app. You can also create a pitch summary and watch other pitches. The live summary allows investors to see them. [30:26] You also get a notification when someone wants to see your pitch. [31:44] You just need to do it. The first pitch will change form many times. [32:12] The 10 Steps to a Perfect Pitch tells you how to construct a pitch. There is a video and PDF version. They also have a one page business plan template. There is also a Pitch Deck PowerPoint type presentation. The accelerator program is a private Facebook group of very hungry entrepreneurs collaborating together. [39:02] There is also a tip feature in the works. [49:50] The whole idea is to offer value and help entrepreneurs get their ideas out into the world. [50:46] Make sure you at least get a patent pending, but don't let it slow you down. You can also have the investors sign an NDA. [54:47] It's important to be concise and get to the point. Be up front if you don't know something. Links and Resources: Loral’s Real Money Talks PITCH Investors Live

Without our health, what do we really have? Today’s show is about making money from a health point of view. I have a special guest today. Lauren Powers is a 10 time overall heavyweight bodybuilding champion. She has devoted her life to health and fitness, and she has the muscles and awards to back that up. She is venturing into a new fitness quest to help overworked, stressed women who have devoted their lives to work and making money, but have let their fitness fall by the wayside. Lauren talks about mindset, goal setting, eating the right foods, rest, hydration, and her passion to help these women turn their lives around. We also talk about the financial side of fitness from sponsors to coaching and how health and wealth go so well together. We also talk about our upcoming event and how you can get Lauren’s book Beneath the Muscle for free. You can find Lauren Powers here: Integrated Health & Wealth Ask Loral Show Notes: [01:40] The first chapters of Loral's life were in the health and fitness space where she made hundreds of thousands of dollars building fitness centers, personal training, and instructing aerobics. [01:59] Lauren is going to get Loral lean again, and Loral is going to get Lauren really really rich again. [02:17] Lauren was an athlete her entire life. After High School, she moved to Hawaii and opened a surfing school. She was also a State outrigger race champion. [02:39] She lived in Laguna Beach when it almost burnt down, and she became inspired to become a firefighter, so she could give back to her community. [03:11] The firefighting didn't work out, but she became the famous fitness celebrity that she is today. Lauren is a 10 time overall heavyweight bodybuilding champion. [04:11] There was no social media when Lauren was doing bodybuilding. She would tour around the world and speak about the sport.  She builds her brand using mainstream media. [04:47] She's been on TV shows and music videos. [05:50] Lauren is now the founder of the Fierce Formula, and she is specializing in helping female entrepreneur women who are in their forties and above. [06:53] Lauren wants to help women who have spent so much time building their business that they've neglected their bodies and the health side is just as important if not more. [07:10] Lauren wants to create a resource, so that when women go to a gym they know exactly what machine to use and how to use it. [07:55] People's health is going down with all of these prescription drugs that have so many side effects. We didn't have these problems 10 years ago. [08:52] Lauren is all for anything we can do to combat the aging process. These are the types of things she's sharing with her clients and her audience. [09:47] 90% of our health revolves around what we put in our mouths. As an expert, Lauren uses genetic testing to help people find the right foods for their body type. [12:16] Lauren only promotes products that she uses and likes herself. [13:38] Lauren's real passion is helping real women instead of the competitive athletes. [15:08] She is used to being creative and working pretty hard, and she's super excited about sharing her expertise. [15:47] Lauren shares how she helped a wealthy stressed out man build a gym and change his lifestyle. She also helped him with his food and supplements. He went from being overweight and stressed to super ripped and trim. [17:38] You have to stop the fast foods in the fried foods and be conscious about what you put in your mouth. Have protein shakes and stay hydrated. Get plenty of rest. Destressing your body is very important in combating the aging process. [18:42] You have to be laser focused on what you want and what your goals are. [19:09] A lot of problems start in the gut, and digestion is a major key to health. [20:30] There's a science behind all of this, so it's important to get with a personal trainer. [21:04] Yoga and meditation are also key factors.  Links and Resources: Loral’s Real Money Talks Register for the June 22 Integrated Health & Wealth Event for FREE! VIP Tickets are available and include lunch with Lauren and Loral! Download Lauren Powers Book For FREE!! Get Your Free Inner Champion Workbook

Conflict can be a loud disagreement or an encompassing silence that freezes out communication and progress. No matter how it is manifested, it can cost entrepreneurs, businesses, organizations, and individuals time and money that they didn’t realize. On today’s show, I have conflict resolution experts Jenn Beninger and Carson Cooper here to talk about problems created by conflict and how to find solutions. We talk about how underlying conflict can cause turnover and cost time and money. It can arise between partners, clients, vendors, and colleagues. Jenn and Carson talk us through the many hidden costs of conflict, and then they explain some of the questions that can be asked to find out where each party is coming from to begin chipping away at a solution. You can find Jenn & Carson here: Ask Loral Show Notes: [01:31] Carson has been in the conflict resolution field for the last 7 years and he's been coaching for the last 10 years. He has a master's degree in negotiation, conflict resolution, and peace building. He's also worked as a lead trainer and mediator. [02:05] Jenn has a bachelor's degree in psychology, and she is a master trainer in NLP. She has coached hundreds of clients in dealing with conflict. [03:05] Some of the ways that conflict costs businesses money include destroying the culture and the employee and client mindset.  High turnover is another issue. [05:25] Conflict can create indirect and hidden costs that just mount up. [07:21] Turnover, hiring, and training is a huge cost of conflict. [08:01] Entrepreneurs that have conflict with teams and vendors is also a huge loss of time as vendors and contractors are changed. This results in loss of income. [09:16] Conflicts in partnerships can cost an entire deal. [10:07] Trust is a confidence of a positive expectation. Distrust is where negative assumptions are made. Companies need to build trust and find out where the distrust is. [12:18] Clients can show up with a presenting problem, but there is always a greater problem that is affecting them. The distrust can even affect future businesses. [13:46] Become aware of the language and dangerous mindsets. Also watch out when people are really defensive or blaming or shaming. [15:33] What are people saying and how are they asking questions. People come into conflict with their judgement and perspective. What does this represent to you and what is your definition of? [17:09] Understand where people are coming from. In every conflict, people are protecting something. Find what they are protecting and why this conflict is so important to them. [19:25] Try to set in a goal-oriented action plan where people are looking at what they want as opposed to what they don't want. [21:00] Jenn and Carson are here to help support you in your solution. You can jump on a call with them and spend an hour. [23:26] Look deep at the places with your life and get unstuck. [23:55] The quicker you resolve the challenges in your life the more time you have to open up to bigger opportunities and more wealth. Links and Resources: Loral’s Real Money Talks

Real estate and investments go up and down in cycles. It’s been 12 years since the last crash. Are we due for another one? There are experts who say yes, and experts who say no. My guest today is Elysia Stobbe. Elysia is an authority on mortgages and financing real estate for first time home buyers and investors. She is the author of How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye ™ and the host of the Fork This Mortgage Podcast. She has over 20 years experience in real estate, investing, and mortgage finance. She is here today to talk about when and why she thinks the next big crash is coming and what to do about it. We talk about using the numbers correctly to make sure that your investment has enough cash flow to make it profitable. She gives tips on finance options and the importance of due diligence. If you have questions about real estate investing, you will love this episode. You can find Elysia here: Ask Loral Elysia Stobbe Website How to Get Approved for the Best Mortgage Without Sticking a Fork in Your Eye ™ Fork This Mortgage Podcast Show Notes [01:20] During the last crash Elysia learned a hard lesson. [01:48] It's time to consider what your play is if there is a crash. [02:30] A lot of talking heads get paid to say that things are great. [02:49] There are financial cycles. We were due for a correction fueled by volatile mortgage products. [03:27] They were also mortgage products available for people with poor credit scores and who didn't have a good history of repayment. Adjustable rate mortgages were also a problem. [04:10] Elysia feels we are overdue for a correction. [04:48] Think about cash flow when you are investing. [05:05] Make decisions by numbers not emotions. [05:23] When everyone is trying to be an investor that is usually the time not to be an investor. [06:50] There's a lot of information available for the public also take advice from people who you trust. [07:16] Ask your mortgage professional what they're closing rate is. [08:04] There are products for investors based only on cash flow. Then there are bank statement programs where we go off of the income taxes. There are many different mortgage products out there. [09:04] There is even hard money lending from private lenders at high interest rates. Get pre-approved up front, so you know what your numbers are and can have a realistic cash flow. [10:08] It's important to get pre-approved. [10:50] Sometimes you can get seller financing at 6 or 7%. This is better than hard money lending at 14%. Look for a local investment group to find these lenders. [12:05] There are also ways to use your self-directed IRA. Check fees before getting locked into a company. [12:54] A lot of first-time buyers are getting multi-unit properties. [13:37] Elysia is a fan of the Florida market. Other great investment options are St Louis Missouri, Dallas, Houston, Oklahoma, and Tennessee. [14:29] Lower price is lower risk. Expensive properties can require a lot of money to risk to make the same cash flow. Also be aware of state laws and taxes. [15:49] Consider your exit plan also. [16:23] Try to get at least an 8% return but shoot for 14%. [17:59] Elysia's book How to Get Approved for the Best Mortgage is for first-time home buyers but she's also working on a book for investors. [18:40] The book can help you approach the Lending situation with educated questions. [19:58] First time home buyers are currently getting priced out of the market. Links and Resources: Loral’s Real Money Talks Podcast

What does the co-founder of Oculus and the co-founder of Priceline have in common? They have both attended an event by today’s guest Eliance founder David Cogan. David is a serial entrepreneur who, even though he has an MBA, says that he knows more about making money than he does about math. He also understands the importance of getting the right people together and putting the right systems into place to create a cash machine. He is here today to talk about his community for entrepreneurs of all sectors to help each other build better businesses and a better world. You can find David here: Ask Loral David Cogan on LinkedIn Eliances Loral Langemeier Interview Show Notes: [01:46]  David comes from Chicago where he worked for IBM. Then he moved to Atlanta and had an amazing experience working there. [02:12] He didn't work for Arthur Andersen which paved the way for his success. [02:35] His MBA was actually funded by IBM. [03:28] David started a number of companies, he always had a passion for electronics. He started an online company that sold mid-range speakers. [04:17] His product was featured in a magazine. Next thing you know, things blasted off. [05:07] David is so passionate about startups and businesses. [05:27] Seeing other people be happy with what you're providing is the key to success. [05:58] Eliances is a community of entrepreneurs. The group is by invite only. You have a room full of people who are passionate about what they do. [06:59] It's really about what the community can provide to others. [08:20] Got, give, get. It's the Eliance 3G philosophy. [09:40] This is where relationships are developed and business deals get paid. [11:07] The founder of Dippin Dots is actually working with other Eliance members to form a new product. [12:01] They have over 30 Eliance members who sit on bank boards. [12:49] It's like the Disneyland for entrepreneurs. [13:20] When starting a company, you are doing everything. There are a lot of challenges. You have to move forward and build processes along the way. You need to have a revenue model, because it won't last without that. [17:04] David called one of his customers who gave him a no and asked him why. It was a non-threatening call that gave the people an out, but he cleaned so much information. [18:29] Understand why things aren't working and fix them. [18:57] Take notes and be capture every word. [20:47] Everything is going to be more expensive than you thought it would be. Be resourceful. Your price will always be the wrong price. Feel out the market and adjust and be flexible. [22:09] Be able to shift. Always be open. Anything you are going through, someone else has also gone through it. [23:58] Everyone is human, and we all feel the same emotions. Links and Resources: Loral’s Real Money Talks

This is a special episode where Loral Langemeier  gets interviewed by Alexander of Measurable Genius. Loral is known as The Millionaire Maker, she is the author of five New York Times bestselling books and she has written 42 total. She teaches people how to make money. She walks the walk, because she is a self made woman who grew up on a farm in Nebraska. She always thought that she thought differently, and things started to fall into place when she discovered Think and Grow Rich. This was her first pivotal book about the possibility of getting rich. It was a conversation that made sense to her. She was tired of hanging out with the people who were doing things the old way. She was never excited about having a job, and she never wanted to be that person. Today, Loral shares her journey and how she started it. Alexander and Loral talk about the importance of pivoting, having the right belief systems, learning, finding mentors, and the power of confidence in this eye opening interview. You can find Loral here: Ask Loral Show Notes [02:01] Loral was a personal trainer and aerobics instructor working her way through college. She raised her rates. Then she got certified after someone asked her about it. [03:27] She majored in finance and then got a masters degree in physiology. She worked at a bank, and noticed there wasn't a fitness center. They gave her 20 Grand to build a corporate fitness center. She became an expert at helping building corporate fitness centers. [04:52] She saw a need and just kept giving. [05:19] Powered people work with what's real right now. [08:05] As a kid Loral was pushed. She still has the school record in 440. She learned to take on challenges and succeed. She played five instruments. In college, fitness was her thing. The finance degree help with corporate fitness. [10:26] Most people set goals that aren't achievable and then go and try to live someone life. Achieve and win your goals. [12:31] Loral seeks help and finds mentor. She found Bob Proctor when she was 20. [14:13] The fastest way to learn is to get close to the person that you want to be like. Focused and uninterrupted builds the best support. [15:47] A lot of people spend time on low priority bullshit. It's a never ending value spiral. [19:20] How to escape from being ran by your business. Investing is critical. It provides a path to cash control. [20:34] Companies make money. Operate out of an entity. Incorporate properly and maximize taxes. [21:39] Sometimes people hire who they can afford as opposed to who they need. [25:21] It's important to communicate to entrepreneurs that I'm facilitating your experimentation without the context, of your business, product, brands, and personalty. [27:36] Get clear and responsible about what your goals are. [28:25] People have a fantasy about entrepreneur. The minute a business owner is done serving, entropy takes over. There is a function in the universe if you care. [29:55] You have to put in the work. [30:11] Everyone who is successful all has bad things said about them and challenges. Even the most successful people. [32:47] I lived in great places and then started investing. Then I lived in Manhattan Beach. I invested where I wanted and lived where I wanted. [33:59] Businesses grow the most when you hire people to do what you don't want to. [34:32] Loral loves selling, teaching, and marketing. [35:44] We can only focus on three things. Be accountable to what is important. Spend time in higher level thinking. [37:05] Traveling and visiting different cultures widens your perspecitive. [37:32] Trust yourself. Whatever it is you create it. Links and Resources: Loral’s Real Money Talks Think and Grow Rich Measurable Genius Bob Proctor Yes Energy

Most people dread tax day, especially those that aren’t prepared and don’t have a plan. If you plan your business and your income correctly using business entities like LLCs, or S Corps, you not only can deduct many operating expenses, but you can even file an extension which lessens that time pressure and gives you an opportunity to step away from the herd. The only catch is that to be effective and in compliance with legal regulations, you have to do some strategic work up front. First thing is you have to decide what your business and investment goals are and find the right combination of legal entities and where you want to do business. Then you need to make sure that you are in compliance in case you ever have an audit or legal issue. We are here to talk about all of this and offer some options in getting the legal stuff done right. Disclaimer: We are not lawyers, CPAs, or licensed financial planners. You can find Scott here: Ask Loral (775) 588-9200 Show Notes [03:31]  We are now moving into the next era of money. The current old system was formed in 1933. [04:07] We are going to talk about being a company with the legal right to make money and take advantage of 81,000 pages of deductions. [04:16] We are talking about how to live inside corporate life. We are going to walk through the absolute need for corporate compliance. [04:41] If you don't have a company, you need to decide which type of company you should have and which state you should be in. [04:55] You also need to know how to use the deductions and keep your corporate compliance up in case you are audited. [06:00] We are also going to talk about income, assets, and the choices you need to make to invest off of Wall Street. [08:01] You shouldn't be doing your taxes yourself. You need a tax strategist. [08:45] Loral has a Wealth Cycle product that gives you the basics. You need to find a business to put your taxes in order. [10:14] If you are using an S Corp. The expenses are deducted from the S Corp before you distribute the money to yourself on your personal return. [11:35] Do it yourself without proper guidance is costly when it comes to fixing the mistakes. [13:08] Sometimes you should move to a different state. It depends on where you want to live and how you want to be taxed. [14:43] Your investments should drive the decision on where some of your corporate structure is. [16:07] Do paperwork or be poor. You need to be in compliance with your corporate structure and your deductions. [17:04] A corporation can do anything you want it to do but think and speak for itself. Minutes and resolutions is how your company speaks. You need to treat it as a separate company. [18:31] There are required formalities. There are about 165 minutes and resolutions that need to be kept as a company. [20:09] Minutes are the voice and thought process why decisions are made. A lot of things need to be documented and recorded. [22:15] You need a calendar for 30 days before things are due. Once you put an entity in the air don't take it down. [25:29] The biggest gap is because people don't know they end up doing nothing. [28:15] What do you want and what are you going to have and how are you going to plan your legacy? Create things properly from the beginning. [29:46] You can reconstruct minutes and resolutions by recollection, but you can't back date them. [32:42] Corporate records need minutes and resolutions and ownership certifications. It's imperative to keep up on these minutes and resolutions. [34:38] You type in everything that you have done to create a resolution. Loral has a software product for this. [36:13] You may need diversification and multiple entity structures. Lay out everything and then start growing into it. [40:00] You can have an entity within a trust and move generational money. [46:29] We offer an interactive business guide that will help you document your entities and give you that peace of mind. Links and Resources: Loral’s Real Money Talks