Real Money Talks

A topic that comes up over and over when we are doing business is Canada. My husband is Canadian. There are a lot of Canadians that want to do business with us here in the US. Here to talk about doing business with Canada is Dave Hare who is a licensed CPA both in the US and Canada. Dave is a cross-border CPA. He has done corporate business both in the US and Canada. Then he decided to leave the corporate world behind and venture out on his own. He owns 5 multi unit properties and is a successful real estate investor. He recently signed a 5 million dollar deal. Dave talks about the differences between US and Canadian tax entities and cross border investing to maximize your money. You can find Dave here: DHare77@gmail.com Show Notes [01:24] Dave got his degree in Michigan. Then he worked for several years for public accounting firms. After he became a CPA, he went over to the Canadian side and work for companies like Caterpillar and Volkswagen. [02:01] Eventually, Dave decided to branch out on his own and do his own thing instead of working for corporations. [02:18] Dave approached Loral about investing in real estate about a year and a half ago. He signed up for the big table. Now he has five multi unit properties. [03:10] Dave learned how to raise money through Loral, and he became pretty good at it. [03:26] Dave became part of Loral's team in September. Dave drove 37 hours to get to Tahoe and begin working with Loral. [03:47] They have been working on some solid deals including the marina deal and major renovations. He also recently signed a $50 million contract. [04:31] Dave surrounded himself with the right people and the right team. Build a diverse team that will provide you the expertise you need. [05:09] It's tough to find it's cross-border team members. [05:21] Three business structures that apply in Canada are partnerships, limited companies, and sole proprietors. [05:50] Partnerships are where you join with someone to set up a business. You will have a partnership return. Each partner does their own taxes. The tax write offs go to your personal tax returns. Any money you make on the partnership returns go straight to your taxes. [06:20] You have to be careful because of liability issues and tax issues. [06:36] Sole proprietorship's in Canada give you write offs towards your T4 income. This is a great tax strategy from that standpoint. [07:57] You want to make sure you protect your personal assets like your house and your vehicle. You have to be careful with liability issues with a sole venture. [08:55] As a sole proprietor, you may be able to write off 10 to 20% of your house if its use for your business. If you use more than that you might be able to use it as a carryover. [10:12] With the company, the carry forward losses can be used now and in the future. [10:29] If you have T4 income and you start making more money your taxes will be high, so you might want to look at other entities at that point. [11:12] You might want to move into a limited company. You will have more flexibility on write offs. [12:04] If you work from your house, your business will take a 10 to 20% of your house expenses. [13:05] In Canada, you can now write off entertainment expenses if you take out the entire office. You can now write off 50%. [13:56] For business driving, you can use electronic tracking and write that off. You need to be very careful about your record keeping and the rules. [14:36] As a sole proprietor, everything is questioned. [15:05] The benefits of setting up an entity in getting Incorporated. Set up a limited liability company to protect your assets. You will also have more right off opportunities. You can also protect yourself by having an operating agreement or contract. [16:23] If you have a company in Canada, you can also set up a US structure like a c corp. [18:55] Be careful of withholding taxes when setting up entities for businesses that are cross-border. [19:59] Make sure you set things up right from the beginning. [20:21] You can avoid exchange rates by keeping your money someplace where the tax rates are lowest like the US and then using a US credit card. [22:42] To talk to Dave,you need to think about trusts, whether you have children involved, whether you can send money down to the US, and possible insurance products. The plan needs to be individually tailored to you. Links and Resources: Ask Loral DHare77@gmail.com

Have you been searching for that one thing that is your unique gift to share with the world? Have you ever felt trapped or like you are not living to your fullest potential? Steve Olsher is a serial entrepreneur. He is the man behind New Media Summit, a podcaster, and the author of What is Your WHAT? In this episode, steve takes us through the What is your WHAT framework and explains what it is. We talk about finding your WHAT, discovering what do you want versus what do you need, and the four paths that most people are on. Steve is a reinvention expert and has helped people and corporations become exceptionally clear on their WHAT. This episode is for anyone who has been wondering if they are on the right path or just want more clarity of purpose. You can find Steve here: Ask Loral Show Notes [02:08] Steve has always been wired as an entrepreneur. When he was a kid, he got paid to rake leaves. His first true entrepreneurial venture was opening a non-alcoholic nightclub when he was 19 years old. [02:41] He then moved on to online business including liquor.com and real estate development. [02:58] He has also been speaking, writing, coaching, and podcasting. He also has the New Media Summit live event. [03:59] Steve's favorite entrepreneurial life was whatever he was working on at the time. [04:45] It's important to understand how we actually excel and what puts fire into our soul. Steve has been the first author to create the What is your WHAT framework. [05:40] Being able to answer that core question of, 'What is your WHAT?' is what's going to separate those who meander through life from those who really wake up with a fire in their soul. [06:16] Steve has always been in a continual state of reinvention. At one point, he wondered if he was missing something. He created what he thinks is a simple framework to help people get to those answers. [07:12] In 2009, Steve started what he called a reinvention workshop. It became clear that getting to the core answer of what is your gift and identifying the primary vehicle that you could use to share that gift would create success. [08:22] Then you have to ask who are the people that you are most compelled to serve. Identifying your gift, your vehicle, and your people helps you hit the ground running. [08:52] You can get started that same day by leveraging your gift using your primary vehicle with those people. It's a simple framework that boils down to understanding these three things. [10:01] The why versus the what. The why is external. Your WHAT is internal. It reflects how you are naturally wired to excel. You can choose your why, you can't choose your WHAT. [11:25] There are a lot of hours in the day. Find a small amount of time to work towards your WHAT. Think about creating an offering so you get paid for your WHAT. [13:39] So many people spend their time the same way they spend their money as opposed to investing their time or investing their money. [13:52] Think about what you actually want. [15:02] The four paths. We all identify on one of these paths. A birther knows what they will be doing their entire life. The shifter has to make a subtle shift to the What is your WHAT equation. The reinventors need to do something 100% different. The wanderer wanders through life without clarity about what their WHAT is. [18:36] Sometimes it's just a matter of getting started with something that's different from what you are doing now. [21:00] Start a time journal and find some hours in the day to do what you need to do. [22:18] Your life becomes a reflection of the choices you make. [22:37] During the reinvention workshop Steve takes people through the what is WHAT discovery process. [24:05] You are the solution to someone's problem. It's our obligation to do what we can do to reach them. Links and Resources: Loral’s Real Money Talks New Media Summit What Is Your WHAT Reinvention Workshop Online Course Reinvention Radio Reinventing Simon Sinek

Eric DelaBarre is a director, writer, producer and NY Times Best Selling author. He has worked with iconic movie studios and Dick Wolf on Law & Order. He knows content production from the concept stage to post production. He has extensive experience in book publishing and content creation. In this episode, Eric shares how he began writing in the movie and television industry. We talk about how he transitioned to writing books, and we talk about the best way to make money writing books. Eric shares marketing tips and the importance of writing a killer book. Along with why you want to own your copyright. You can find Eric here: Ask LoralSaltwater Taffy@EricDelaBarre on TwitterEric DelaBarre on FacebookEric DelaBarre on Instagram Show Notes [01:37] Writing is the execution of a thought and being able to download your thoughts and put them into a sentence structure. [02:42] Eric became a writer in college. He didn't take his first English class until he was a junior. He left college early to work with Dick Wolf who was one of the greatest television producers and writers of all time. [02:51] Learning how to write for television and arcs and beats and how to extrapolate a story is very difficult. [03:36] Writing for television is a great way to have multiple streams of income. [05:12] Writing a movie script can be very lucrative. [06:40] People always go to movies even when the economy dips. [07:33] The best way to make money selling books. [08:15] The best way to make money in the book business is to write a killer book. [08:41] Eric wrote a book for kids called Saltwater Taffy. [09:08] It's also hard to get an agent these days. [09:26] There has to be an overall narrative to the story of a book even a nonfiction book. [10:39] Chicken Soup for the Soul was turned down 140 times. [11:30] Writing is about 10% of the job the other 90% is marketing. You have to have a plan to roll things out. [13:19] Eric got turned down by every publisher and distributor in town for his book Saltwater Taffy. He sent out a killer package that included a marketing plan and got a call from what is now Ingram Content Group. [14:02] You need to take a step back and ask what makes your book special. [15:09] Everybody wants to sell their book to a publisher. Now the channels of distribution are wide open. [16:03] With a traditional publisher the advance is usually all the money you will ever see. [16:58] If your book doesn't jump off the shelf, it gets pulled from bookstores. [17:40] The best way is to own your copyright and your intellectual property. You need to own the title. [20:26] Celebrities have a lot of books coming out right now. Being famous makes the marketing much easier. They use a cross-marketing strategy. [24:25] Online marketing ninja tricks. Eric made a bookmark for Saltwater Taffy. He gave these out when he spoke, and he gave them away online. [26:33] Sell a million books to one company. You have to be smart. Links and Resources: Variety Announces Updated List of Panelists for A Night in the Writers’ Room Chicken Soup for the Soul Ingram Content Group A Time to Kill The Impossible Climb

I recently held my A New Year A New You webinar which was designed to help you end 2018 right and set up 2019 for success. This is part 3 or the webinar where I talk to crypto and blockchain experts Walt and Dave. These guys have made a fortune developing their own cryptocurrency and investing in existing coins. They know everything about crypto from starting a coin, to investing, to all of the legal and compliance issues. They will be my expert advisor on an upcoming crypto series that we’re presenting. In this episode, we talk about everything crypto from how to get started, to the difference between digital currency and blockchain, and everything in between. You can find Loral here: Ask Loral Show Notes [01:03] In 1913, The Federal Reserve was founded to build a more stable and secure financial system. [01:49] By the 1970s, the US dollar was no longer backed by physical gold. [02:10] By printing money, the supply of the u.s. dollar is infinite, but the purchasing power goes down. [03:02] Walt is part of the Off Wall Street show. Walt is one of the first experts with a system on how to get your account right. [03:47] We are planning a six-week webinar with Walt and David. It's going to be heavy on content. We will help you set up your account and your wallet and make sure that it is secure. [04:09] You will learn in 6 weeks what it took Walt & David a decade to learn. [05:36] The challenge with learning about a massive new paradigm is time. It would take you years to learn to keep points that we are going to talk about. [06:12] I tracked cryptocurrency everyday. I wanted to go deeper and deeper to really understand it at the fundamental level, so that I could incorporate it into my own business. [06:20] We are going to cover the basics, and then we are going to talk how to build new things. [06:46] By the end of things we will even teach you how to tokenize your own business. [07:10] Our fast track information will save you over a year of research. [07:27] We have navigated through compliance and so much more. The cryptocurrency world is the future. [08:46] Different coins have different value just like different exchanges from all around the world. Digital currency will level the playing field. [09:23] It will level the playing field in the international exchange rate. [09:44] The digital market is tracked with the blockchain. Crypto can also alleviate exchange fees. [10:31] Blockchain is about efficiency and the removal of fraud. It also removes unnecessary middlemen. [11:36] Cryptocurrency is a new asset class. If you wanted to compare it to the stock market, you would have to go back to the first 10 years of the stock market. [12:04] There are optimal periods to move your assets in and out of crypto. It doesn't mirror the market or even real estate. [13:03] To get started dig into podcasts and start going to workshops and figure stuff out. [14:05] How do you vet a new coin? Look at the team and if the project is already built. Don't invest in a plan on a napkin. [15:13] Things are more structured now, and there is more regulation. There are also more projects that people can create with blockchain technology. [16:24] Our team will help you integrate your own tax system with lawyers and entities. [21:07] It's legal to own, buy and sell cryptocurrency. [21:39] It's also exciting to tokenize a business. [23:10] The clients are purely digital and stored in a software wallet that is secure. Physical coins are usually a novelty. [25:17] There is value to the coins. You trade crypto on exchanges. Bitshares is a decentralized exchange. [30:14] Behind the scenes, big players are trying to get their hands on bitcoin and want to control it. Right now, there is opportunity out there. [34:06] There are gambling sites built on EOS where you can get daily dividends based on revenue. [35:21] Once coins are mined out, and there is no more supply, they will continue to rise in value. Links and Resources: The Purchasing Power of the US Dollar Since 1913 (775)430-4323 Bitshares

This is part two of the New Year New You Webinar where Loral kicks off the new year with a new brand. In this part, Loral talks about how millionaires think about debt and money differently. She talks about the advantages of having write-offs, how debt can be used strategically, how to invest with OPM or other people’s money, and choosing freedom over retirement. We also meet Walt and David who will be talking about crypto and blockchain. You can find Loral here: Ask LoralBooks by Loral Show Notes [00:40] People have no idea how millionaires live. Your car and your computer are deductible. We used debt as leverage. OPM is other people's money to invest in business. [01:05] We use the money and make money on money. We pay down credit-card debt strategically. We don't retire, we choose freedom. [01:21] What is your freedom day number? Is it 20,000 a month? Is it a hundred thousand a month? [01:55] This is Loral's 22nd year in the financial education space. She buys and sells businesses like a shark. Her team brokers businesses. [02:52] Real estate needs to be structured right. It needs to be in an LLC or a trust and have a management company. [03:18] If you like to go wine tasting, you can incorporate and write off all of your wine travel and expenditures. [04:24] You have hobbies that could be businesses, but you don't run them like a business and you don't get the deductions. [04:29] Loral and the team have revamped the way they are going to work with people to help them get the best out of life. [04:52] We're also going to have a blockchain, crypto, and cannabis workshop with leaders from all over the world. [05:32] There are tons of loan and grant opportunities for veterans. They have access to grants that can get up to $250,000. The problem is a lot of them don't know how to run a business. [06:46] Our goal this year is to work very closely with veterans and help them buy greenhouses. Greenhouses aren't considered cannabis, they are considered real estate. [08:30] These principles apply everywhere in the world including Canada. [10:49] When you're not integrated, you have to go out and try to find each individual team member that you need to deal with. Then you are hoping that everything somehow comes together. [12:02] Our goal with helping you integrate your team is to just use the team that I've found which has taken 20 years to perfect. [12:27] There are eight areas of your life that you need to focus on money, personal development and career, health, spirituality, family, fun, friends, and physical environment. [13:53] Pick only a few to focus on and evaluate, so you can discover what you need to do to get you where you need to go. [14:21] Stop hanging out with people who don't have the same goals as you. Stop complaining and telling stories about 20 years ago.  Stop spending without learning about money. [14:42] Masterminding and coaching can help you with these things. [15:04] Look at the areas and then consider a start, stop, and continue for each area. [17:06] Pick the one or two top areas that you are going to focus on this year. Discover your A, B, and C goals in each category. A goals are the non-negotiable ones. [20:11] What did you accomplish? What do you want? It's all about income and assets. Making money and investing money are the number one ways to become a millionaire. [24:37] Tax reform 2018 was a game-changer. If you understand the strategies around corporations, trusts and investing the chances of you becoming a millionaire in 3 to 5 years is very high. [27:20] David and Walt are here to talk about crypto. [27:57] David started dabbling in crypto in 2013. He then dug into blockchain which is the technology underneath cryptocurrency. [29:14] He then started working on a music coin. This coin utilizes a smart contract system where every time a song is played the artist earns cryptocurrency. [30:06] David and Walt also started tokenizing a business that Walt started. [30:19] Walt was so excited about the whole crypto revolution that is about to blossom into a giant industry. [31:33] Walt has a talent token coin. Most corporations are moving towards blockchain. Links and Resources: Loral’s Real Money Talks Ask Loral App Events Bob Proctor Millionaire Maker

This is part one of the New Year New You Webinar where I kick off my new year with a new brand. Brian asks the audience questions like what goals are they trying to accomplish this year, so the team and I can understand how to best help. The feedback helps us make the event as worthwhile as possible. This call is about how my team can help you, but you need to make the commitment. How many times have you made the same resolution year after year? Today is about finishing 2018 off right and kicking off 2019 in a way that gets results. I talk about opportunities like digital currency, blockchain, cannabis, and crypto and how more generational wealth has changed in the last 20 months than ever before in history. You can find Loral here: Ask Loral Books by Loral Show Notes [01:30] What goals are you trying to accomplish this year? [01:46] Some answers include double income, more time, more time painting, more involved in investing, developing passive income, developing cannabis money, growing my business, and more. [02:42] Loral is a five time New York Times bestselling author. She has done wonders for people and their finances. [03:44] A lot of people have the same goals year after year and never really get the shift. [03:58] How many years have you said you were going to make more money or lose weight? [04:19] Digital currency will change our financial structure around the world. [04:28] I talk the BCC or the blockchain, crypto, and cannabis Industries. [05:04] Loral has partners in the cannabis space. [06:04] The team can do a lot for you, but you have to make the commitment. [06:42] What we're taught about creating wealth is completely wrong. We are going to talk about completely different ways to create wealth. [07:22] We left the brand Live Out Loud behind in 2018. [08:01] We'll be using are apps this year. [08:22] It's tough to market BCC things like cannabis and crypto when you can't use Facebook and the internet. [09:21] Our content isn't changing, we are just getting clear about how we speak about what we do. [10:15] We are going to be the integrated facilitators to help you form your team and to let you use our team. The academy is there to guide you. [11:07] Big Table members will still be table members plus bonuses. [13:32] A lot of the last Ask Loral was about completing 2018. We put all of our products on sale so that you could treat yourself for the holiday. [15:36] We have added a lot of team members. [16:59] Commitments aren't negotiable. Commitments get results. How you get to the results is negotiable. [17:53] Most resolutions fail in about 10 days. It's time to get motivated and get serious. [18:44] It's time to pay to properly learn about money. Financially you fail, because your sequencing isn't right. [19:31] It's important to get incorporated right away. The timing of how you spend your money and how you make it is so critical. [21:33] I'm challenging you to commit to nail two things this year. I hope money is one of them. [22:26] Shifting your physical environment can change your monitor environment. [22:55] We're taught to get a job to make money. You are then taxed at the highest rate. [23:33] Let us do a 3-year tax review. Our average client gets around $40,000 back. [24:24] One of the problems with this method is that things aren't deductible. You also think that debt and credit cards are bad. [26:20] Retirement has nothing to do with having financial freedom. [26:57] You don't want to get left behind with where we are going financially. [27:23] Employees have been making companies rich for a while. [27:46] The whole system was created in 1933 on Jekyll Island. [28:24] The education system taught people how to specialize to be a worker. [28:46] You can money away tax-free in a Solo IRA. Then you can also have a Roth IRA. [29:53] Don't go on vacations go on business trips. Links and Resources: Loral’s Real Money Talks Ask Loral App Events

John Ferguson has been involved in sales for the last 18 years. He started out selling real estate and soon realized that he needed a system for high-ticket items. He spent two years immersing himself in the world of sales and created a system that can be replicated over and over. In this episode, we talk about who this system is for and how sales are the root of the success of a business. John talks about knowing your audience and your message and why it is important to qualify leads. He gives several sales tips and information about setting up a team and system. He even shares his favorite headset that he has used to close countless sales. You can find John here: Ask Loral John Ferguson on Instagram John Ferguson on Facebook Show Notes [01:29] When John first started out, he began investing in real estate. He soon realized that he didn't have the proper system in place for high ticket sales. [02:18] He began a two-year personal development quest. He started learning the ins-and-outs of sales, speaking, network marketing, and high ticket sales over the telephone. [02:37] It's been a phenomenal whirlwind over the last 18 years helping influencers including himself in the business of high ticket sales over the telephone. [03:13] We all know that we have to sell and enroll new clients in our business or we won't make any money. [03:47] John helps people develop a system from marketing to product to sales team that makes sense for them. [04:38] Your sales team needs to match your product in your company. You can't scale without doing this. [05:02] John has helped MLM companies and influencers and coaches in the real estate and fitness industry. He has even helped medical practitioners. [05:35] John service is for the person or business who wants to take their sales to the next level. [06:43] It's easiest to teach people who are new to sales. Then you can start at the beginning. [08:01] Blue Parrot VXi 450 is the headset John recommends. [10:38] Know your message, and know your audience are the next two steps. You also want to qualify the lead coming into your system. [11:20] You have to establish rules in order to have long-term success. [11:36] You'll have to ask broad-based, intermediate, and pointed questions to know if this prospect is qualified. [12:05] The sales process comes after the lead is qualified. [12:23] A setup call can create an opportunity for the closer to make the deal. [14:28] The pros of being your own sales closer is that you don't have to share the revenue. It can look odd to be the presenter and the closer. [16:48] You actually want to get the customer to chase you. [17:15] Having a sales team creates dedicated people focusing on sales, and you can focus on other things that are more important. [18:52] Design your script in a way that speaks to the audience, but make sure you have specific points engineered in. [19:42] You should have a script on every single call. Every single call is the same and different. Same sales and different person. [20:25] Help people get out of the way to get the services they need. You can connect with their personality type. [21:28] Great sales people find ways to eliminate objections before they are. [22:06] Ask the right questions in the right order to enroll people. [24:01] Turn objections into expectations. [25:08] To get your sales people motivated by sales, they need to earn commissions. [28:49] You can follow John on Instagram and Facebook. Links and Resources: Loral’s Real Money Talks Blue Parrot VXi 450

This episode is turned upside down as Brian K. Wright from Success Profiles interviews Loral. Loral shares the industries that first made her a millionaire and how she is excited for today’s new opportunities like cannabis and crypto. Loral talks about the importance of marketing your books and what it takes to become a bestselling author. She also gives us a quick glimpse into her upcoming book. Loral talks about mindset, understanding money, and having the right team in place. You can find Justin here: Ask Loral Show Notes [03:49] Loral is a five-time New York Times bestselling author. Her new book The Green Rush Millionaires will be coming out next year. [04:17] She is heavily into the cannabis, CBD oil, and health space. She first became a millionaire in the gas and oil and real estate spaces. [04:31] Getting a job and just saving will only keep you small and stuck. [04:46] Companies make money and individuals get taxed. If you're serious about keeping your money, get Incorporated. [05:37] Her cannabis business has 23 acres in Cathedral City and 32 acres in Hawthorne Nevada. They have nine licenses and are putting green houses up right now. [06:10] These are exciting times to be alive, get wealthy, and a write books about it. [06:39] Debt for wealthy people is one of the biggest tools we use. Debt is just the cost of money. [07:22] Most people don't know how to invest. Why would you pay off debt when it is cheap. Instead of being scared about money get educated about it. [08:11] People are scared of money because they don't understand it. [09:14] Take some time and play the Millionaire Maker game and learn to understand money. Understand how it can work for you and be a massive benefit in your life. [09:53] The goal to win the game is to become a millionaire. [10:24] On page 194 of The Millionaire Maker book Loral talks about how to handle debt. [10:38] Transition your debt from personal debt to company debt. Use zero interest credit cards. If you can get cheap money, then why pay it off? [12:01] Focus on how to make more money. [12:46] For an author to become a best-seller you have to stage and organize sales, so you can presell your book. [14:00] Loral uses people's input to generate chapters. This encourages them to buy. [15:06] Loral has a launch calendar to nail a bestseller. You have to as involved in the launch and the post launch process. Have a goal in mind. [16:38] Get with someone who knows the process. Involve other people in the content. [17:12] A book is a great brochure. [17:27] You need a team. An accountant that knows marketing. [19:34] Everybody's an author and everybody should have a book. Have a post-launch plan to recover the time you spend on the book and the book launch. [20:08]  Ask, tell, ask. Come up with some different ideas. Write your book collaboratively. Find out what people want to know. Get input from a focus group. [21:50] The faster you talk and are interviewed the more information you get down. You should use a ghost editor that can grammatically sort out what you say and talk your book out. [24:32] Share content and help other people. Don't wait for the perfect book. [26:40] Use CreateSpace and learn how to market yourself. [27:49] Having a high profile VA that could work with you in your office for awhile would be great. [28:53] You need to be a month out and get ahead of yourself. You need to organize yourself to use them right. [29:40] Grow coaching to invest in real estate. Partner with someone who has already done it. [30:25] Get a sales team to help you sell. Partner with people on real estate. [31:53] A business structure forms a book. Links and Resources: Loral’s Real Money Talks The Millionaire Maker Game "Experience Your Fastest Path to Cash!" The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do Sharon Lechter Brian@LiveOutLoud.com

We are kicking off 2019 with financial predictions. Will be talking about the stock market, real estate, cannabis, and more. Today, we are talking about cryptocurrency, digital currency, and blockchain. I have two recent partners and world leading experts here today to talk everything crypto, blockchain, and digital currency. David has a background in blockchain and Musicoin development and Walt has a trading background. Together they talk about what the future has in store for these technologies. They give some tips on learning about investments. They talk about regulation issues and how congress is struggling with new technology and old laws. They also talk about how impactful these technologies will become. You can find Walt and David here: Ask Loral Show Notes [01:57] David started working at home on web development and then really started digging into blockchain in 2013. [02:59] Blockchain technology is going to have a huge impact. He first started working on Musicoin and then another music technology before he met up with Walt. [03:54] David loves the process of building stuff through blockchain and making it work. [04:05] Walt started out trading bitcoin and crypto currencies. [04:42] He started looking into blockchain and brought David into his team. [05:07] They have an amazing way to use an altcoin. [05:34] Blockchain will create the biggest distribution of wealth that the world has probably ever seen. [06:14] More wealth has been moved through bitcoin than any other wealth movement time in our history. [07:02] Coinbase is the largest crypto wallet in the world. They are gaining over a million users a day. [08:56] In the last six months, the price of Bitcoin has started to stabilize. [09:38] Giant transactions happen in the OTC world. [10:43] A lot of private sellers have their coins in cold storage wallets. [11:19] When the market flips it's going to be very difficult to buy cryptocurrencies. [11:42] There is a one-week hold before you can transfer your currency if you are investing through Coinbase. [12:13] Investing in crypto can be a long-term play. That's how the big investors are looking at it. [13:35] Smart folks are working on infrastructure and development during the bear markets. [14:24] January 3rd 2009 the first block was mined on bitcoin. [15:12] Blockchain technology is what is underneath Bitcoin, so the two do go hand-in-hand. [15:48] Industries like banking and payments are getting majorly disrupted right now. Especially in third world countries and places where banking is more difficult. [16:12] Other sectors that are using this technology include voting, healthcare, music, and many more. [16:50] Blockchain opens up technology for entrepreneurs like the world has never seen. [17:13] Almost every entrepreneur and startup is moving towards blockchain technology. [18:02] Companies like IBM are building their own blockchain. Amazon is working on something. Overstock has their own version. [18:36] Investors are interested in anything that is tied to blockchain. [19:49] The smartest and most acting development isn't happening in Bitcoin. [20:35] Altcoins are usually traded against Bitcoin, but there are many many different types of coins. [22:24] When investing in altcoins it's very important to take a look at the project. [23:41] Developed projects that you can actually see may be safer bets. [24:09] There are already specialized blockchain lawyers available. There is some red tape to go through on the development side. [25:12] There's going to be a four-week webinar series with a Q&A. Go to Ask Loral to find out more. [26:08] The SEC is very involved with crypto. The regulatory agencies are trying to take this new paradigm and pull it back with laws established in the thirties and the forties. There are no easy answers. The debate is going on in Congress right now. [27:41] The ICO approach is beginning to get controlled. Especially as it applies to crowdfunding. [28:28] If your token doesn't have a wide use case then you probably shouldn't build it. [29:03] The future of development is going to be investors wanting to see the reality of what you are building. [31:35] If Congress doesn't do the right thing and not over-regulate that will be good, because we don't want to push Innovation overseas. Links and Resources: Loral’s Real Money Talks Musicoin Coinbase Four Week Webinar

I have an old friend on the show today. Joel Comm has been a staple in the digital space for a long time. He is the author of 15 books and the co-host of the mega successful Bad Crypto podcast. He is here today to talk about the future of crypto and more. We discuss how things have evolved in the digital marketing space and Joel’s own evolution including the creation of his crypto podcast. We talk about the benefits of blockchain as a technology that will revolutionize the future. We talk about the importance of getting in on the ground floor of new markets and the importance of always having fun. You can find Joel here: Ask Loral Bad Crypto Podcast Fun Formula Book Show Notes [01:49] Joel Comm has been an internet entrepreneur since 1995. [02:11] He has since written 15 books. He has worked in the online marketing space and the affiliate marketing space and the social media space. He has also embraced all forms of online media from blogging to podcasting to videos. [02:24] In 2017, he started dabbling in crypto currency and was absolutely enthralled. [02:39] Joel and his friend Travis Wright would talk about bitcoin and blockchain and everything crypto. They then decided to start a show about it and the Bad Crypto Podcast was created. [02:41] The purpose of the show was to make crypto easy-to-understand for regular people. [02:59] They started in July of 2017 and have had over 7 million downloads. [03:35] You don't do the books and the speaking tours until you've had the success. [03:44] Joel began his digital career trading websites that sold things. One he cracked the code on affiliate marketing and advertising, he started teaching others how to do it. [04:26] He wrote about and spoke about how he was making money. [05:23] We now know that social media companies don't have our best interest at heart and we are actually the product. [05:51] Blockchain is a great solution because it brings transparency back to various activities. It creates a public ledger of activity, but privacy is woven into it. [06:23] Blockchain is either going to lead to new solutions and more freedom and opportunity for us or we're facing a really dystopian Big Brother future. [07:38] Blockchain is really just a fancy database. Blockchain is decentralized, because no one power or authority has power over it. [08:44] Solutions built on blockchain give people the power to invest in projects in a way that they would like. [09:44] In March 2017, Joel started learning about crypto. He and Travis were talking about crypto a lot. 3 months later they started their show. [11:00] Part of it was timing and two regular guys talking about crypto. [12:13] Bitcoin is merely a better form of digital payment. There are many different types of coins and tokens. With ethereum we have the ability to go beyond just payments. We can write smart contracts. [13:06] There are even tokens that empower musicians to be paid more fairly for online downloads. [14:42] Crypto is kind of circa 1997 where the internet was. [16:11] They do four shows a week and two or three are usually interviews. They never make recommendations. [19:44] Joel's fifteenth book is the The Fun Formula: How Curiosity, Risk-Taking, and Serendipity Can Revolutionize How You Work. [20:47] The fun formula helps liberate people from the hustle and grind. Links and Resources: Loral’s Real Money Talks The AdSense Code: What Google Never Told You about Making Money with Adsense The Fun Formula: How Curiosity, Risk-Taking, and Serendipity Can Revolutionize How You Work