Real Money Talks

On today’s episodes of Real Money Talks, I’m diving deep into what you need to do in order to keep the money you earn. As I’ve said many times, earning money is easy – the hard part for many people is often keeping that money and putting it to work for you. One of the best ways to manage and keep your money is ensuring you are doing your due diligence. Due diligence helps you identify risks, mitigate risks, take responsibility for those risks, and helps you make educated decisions based on the information and data you’ve collected. That’s why today, I want to share with you my five-step formula to ensure you’re doing your due diligence before deciding to invest your hard-earned money into an investment deal.   Due diligence is the art of determining real risks.   In This Episode of Real Money Talks: What is due diligence and how can you learn it. Investing alone is a higher risk because you have no one to banter ideas or brainstorm discoveries. Dig through the data of what you are looking for. Once you’ve identified an investment, conduct a deeper dive of the data – look at their QuickBooks or accounting files, customer records, sales systems, marketing processes, and websites. The type of questions you should ask during the discussion process. Ask yourself: Is this problem big enough? Is the industry big enough? Discovery is the longest period of the due diligence process. The diagnosis process helps determine if the deal would go against your money rules.   Loral’s 5-Ds Formula for Due Diligence: Data Discussion Discovery Diagnosis Decision   Resources Mentioned: The Millionaire Maker’s Guide to Wealth Cycle Investing   Subscribe, Rate & Share Real Money Talks!         Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!    

Doug Walz found an interruption between presenters and their audience. This disruption led to the discovery of that crucial factor that is as essential as the lessons these presenters work on for their event. With this need, Doug founded his thriving business Text Me Leads where he and his team help generate mobile leads by providing SMS services to speakers, authors, and trainers. Doug joins me today to share how he and his team found the solution to the disconnect that presenters have from their audience. He also shares how they resolved the disconnect issue, how they provide content through text links, and how texting has been creatively used by different companies and presenters.   “Make a connection with your audience right there and then.” - Doug Walz In This Episode of Real Money Talks:  How Doug started and monetized his business The original use of SMS and how it disconnects you from the client The most complicated text problem he and his team have solved How they handle situations with technical barriers Resources Mentioned:  Sprint Connect with Doug Walz:  Text Me Leads Website For US residents, text LORAL to 55678 For Canadian residents, text LORAL to 70734 Learn More About the Growing Cannabis Industry! Join Off Wall Street Assets: Investing and Building the Cannabis Industry, a much awaited 3-day workshop where you get to experience seeing the cannabis cultivation and learn more about the fast-growing cannabis industry. Get informed through lectures on cannabis education and the political side of being in the industry. This workshop will be held on October 19-21, 2017 in Las Vegas. For more information, visit LiveOutLoud.com/CBWorkshop. Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Ben Jackson is a business and finance expert with a background in business development and venture capital. He has helped numerous companies grow from the beginning of its operation up to its full operational development. He specializes in the construction of general strategy in organizations that deal with financing and marketing. Today, Ben answers some common questions about the cannabis business and discusses the necessary rules and regulations to follow for compliance checks. He describes the different cultivation facilities and the differences in cost concerning real estate, production, and operation. He also identifies some financing options and alternatives you can explore as you invest in and start your cannabis business. “The truth is there are tremendous opportunities in every space and in every state that has legalized. You just need to find what those right opportunities are.” - Ben Jackson In This Episode of Real Money Talks:  Discussing the Cole Memo, and the rules and regulations in compliance with state laws Residency requirements, application licenses, financial requirements Positions in the company where FBI background checks are a must What can disqualify you from working in the industry International business opportunities in Canada The difference between an indoor hydroponic facility vs. a greenhouse Environmental factors to consider in growing cannabis Business models for greenhouses and outdoor grown cannabis Cost of operating dispensaries The underlying asset in the industry State regulations on plant limit vs. real estate limit Learn More About the Growing Cannabis Industry! Join Off Wall Street Assets: Investing and Building the Cannabis Industry, a much awaited 3-day workshop where you get to experience seeing the cannabis cultivation and learn more about the fast-growing cannabis industry. Get informed through lectures on cannabis education and the political side of being in the industry. This workshop will be held on October 19-21, 2017 in Las Vegas. For more information, visit LiveOutLoud.com/CBWorkshop. Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Genifer Murray founded a cannabis testing laboratory in Colorado as a result of an unexpected turn in conversation about exploring the active ingredients of cannabis as a pharmaceutical drug. She is the co-founder of Elevate Cannabis, one of the founding members of Women Grow, and currently a board member at Flowering H.O.P.E., the latter being a non-profit organization that provides medicine to people who cannot afford it. Today, Genifer shares the history of cannabis and the significance of the roles women play in the cannabis industry. Genifer also discusses the investment and business opportunities offered by the cannabis industry. “By 2020, I believe the cannabis industry probably would be over $40 billion, and there are plenty of opportunities whichever way you go.” - Genifer Murray In This Episode of Real Money Talks:  Cannabis as a medicinal plant What made cannabis illegal in 1930 What to do if you’re staying in a state where cannabis is not legal Why the cannabis industry progresses so fast Why you should use on your own land or your business partner’s property Epilepsy, cannabis legalization and implications on the family Why edibles are picking up over smoking cannabis Different effects of ingesting edibles over inhaling cannabis List of states where cannabis is currently entirely legal Business opportunities for Canadians Shedding light on the popular misconception in the industry Resources Mentioned:    Dr Sanjay Gupta: Weed - CNN Special Documentary Dr Sanjay Gupta: Weed 2 - Cannabis Madness - CNN Special Documentary Sanjay Gupta: Weed 3 - The Marijuana Revolution - CNN Special Documentary For questions, call: 888-565-1206 For international calls, dial: 801-252-4258 Learn More About the Growing Cannabis Industry! Join Off Wall Street Assets: Investing and Building the Cannabis Industry, a much awaited 3-day workshop where you get to experience seeing the cannabis cultivation and learn more about the fast-growing cannabis industry. Get informed through lectures on cannabis education and the political side of being in the industry. This workshop will be held on October 19-21, 2017 in Las Vegas. For more information, visit LiveOutLoud.com/CBWorkshop. Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Growing up, your parents probably gave you an allowance each week. Perhaps if you cleaned your room or washed the dishes every night, you’d earn five or ten bucks. On today’s episode, I want to share with you why you should not give your kids an allowance, what you should be doing instead in order to truly prepare them for their future, and how you can begin teaching them financial literacy at a very early age.   There’s huge benefits to helping your child get set up financially earlier, rather than later.   In This Episode of Real Money Talks: Teaching your kids that certain things are worth more than others. How to figure out – together – the tasks they can do, the things they want to do, and the things you need done. Creating a “contract” or agreement with your child. Giving incentives or bonuses. Developing an insurance policy. Teaching older children to leverage the time of others. Creating forecasts and budgets with your child.   Loral’s 6 Steps to Teaching Your Child Financial Literacy: Come up with a list. Put a price on each task. Put an agreement into place. Have regular “meetings.” Add insurance. Add leverage.   Subscribe, Rate & Share Real Money Talks!       Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!   

005 You Need a System to Become a Millionaire A lot of people overthink the process of becoming a millionaire. Many people believe that to become a millionaire, you have to be born into the millionaire society or “just got lucky.” I’m here to tell you that’s not the case! In fact, becoming a millionaire and making money is just a system. On today’s episode, I’m going to share with you my 7-point Millionaire Maker system that has helped hundreds – if not thousands – of people from all walks of life become self-made millionaires in as little as three to five years.   Take control of the wheel of your life called finance. Let’s get it going.   Loral’s 7-Point System to Becoming a Millionaire: Your relationship to money: Do you have “Yes Energy?”   Know where you are: Know your starting point Know your P&L’s and balance sheets Know your income cashflow and expenses Know your assets, liability, and net worth Have a Freedom Day: Your Freedom Day is based on monthly cashflow Decide how much money you want to make each month this year Your relationship to debt: It’s not about “bad debt” “Good debt” is debt you can leverage Keep your money: Companies make money, individuals get taxed Get incorporated Your money needs to make money: Invest your money wisely Do it with a team: Be a “team-made millionaire” Mentioned in this episode: The Millionaire Maker: Act, Think and Make Money the Way the Wealthy Do book YES! Energy book   Subscribe, Rate & Share Real Money Talks!       Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!   

  In our last episode, we talked about what it means to have a revenue producing day. The only way to have a revenue producing day is by getting money from someone else and to do this, you must get clear on what you can do to serve someone else. As harsh as it sounds – it’s true. Once you’ve figured out what you can do to serve someone else, how do you plan to see the results you desire? You must learn to “Ask, Tell, Ask.” On today’s episode, I’m going to share with you the secret behind my “Ask, Tell, Ask,” system and the exact steps you need to take to put this system into place to have a revenue producing day – everyday!   Asking questions is more powerful than telling.    In This Episode of Real Money Talks: What is the “Ask, Tell, Ask” process and how to make it work for you. How to handle pricing reservations. If you want a “money muscle,” you have to give it attention and training so it can grow. Why you should time block your life. How to handle the standard “I don’t know” response. What to do if you don’t offer what someone wants. People buy into your confidence.   4 Steps to Loral’s Ask, Tell, Ask System: Ask someone how you can serve their life. Listen intensely. Be present in the conversation. Repeat back to them what they want and how what you have is going to serve them. Ask for the money.   Subscribe, Rate & Share Real Money Talks!     Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!  

  Every day, all around the world, people constantly say “I need to make more money.” Whether they are working a full-time 9-5 job, or are working multiple jobs to make ends meet, millions of people need to make more money to live the life of their dreams. So, how can you utilize the skills you already possess to make more money, improve your financial stability while having the freedom you want and deserve? By having a revenue producing day. A revenue producing day is when you are making money every single day. If you want to grow your income by an extra $12,000 – or even $120,000 – you need to sit down, dig deep within yourself, and figure out what skills you possess that can serve your community and grow your income revenue. On today’s episode, we’re going to talk about what you can do, part-time, to add an extra stream of income to your personal finances, how to make an extra $50 to $500 a day, and what plans and systems you need to develop to help you reach your income goals in 2017.   A system is what creates success – not you.   In This Episode of Real Money Talks: How to have a revenue producing day. What you need to do to organize, plan, and structure your life to improve your daily revenue. My formula to help you determine your daily, weekly, monthly, and yearly income goals. Why being extremely intentional with your networking strategies. How to network with intention.   Real Money Talks Resources: Put More Cash in Your Pocket book by Loral Langemeier   Subscribe, Rate & Share Real Money Talks!    Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com! 

Applying for a business entity is incredibly important – not only for your business, but also to protect you, your loved ones, and your personal assets. So, it’s important to understand what each entity does and to choose the one that best fits your business. With so many corporate entities available in the United States, many new business owners can get frustrated and confused trying to pick the right one for their business model. Should you simply stick with an LLC. – or is a C-Corp entity a better choice? What benefits are the benefits of each type of entity? And, how exactly do you use a corporate entity to protect yourself and your assets? Today, I’m going to explain the importance of establishing yourself as a business entity, how to determine which one is right for you, what each one protects, and how you can use it in your business – and your life.   Why make money as an individual when the benefit is being a company.   In this episode, you’ll learn: How to choose the correct entity for your business – and your investments. What are “pass-through” entities? The benefits you receive from an LLC., L.P., C-Corp, and S-Corp entity. Why you need a trust. Why you need business insurance.   Loral Langemeier’s Tax Tips: As a business, if you have a designated home office, you can write off that portion of your house on your taxes. As a business, any services, products, or supplies – including house cleaning and some clothing – can be used as a tax deduction.   Subscribe, Rate & Share Real Money Talks!    Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com! 

One of the most critical things about running any business is search engine optimization. Proper SEO techniques are critical. They are the key to unlocking the power of the internet and getting connected with your potential customers, clients, buyers, and investors. My guest today is SEO expert Stephen Spencer. He is the author of The Art of SEO: Mastering Search Engine Optimization and he joins me today to discuss how to improve your SEO techniques, how to use content marketing as a way to boost your SEO power, and a few basic tips on ways you can improve your search engine results.   “You need links to succeed in Google.” – Stephen Spencer   In This Episode of Real Money Talks: Utilizing content marketing to improve your SEO Creating link-worthy content Organic traffic     Resources: Life Hack The Huffington Post Business2Community     Connect with Stephen Spencer: The Art of SEO: Mastering Search Engine Optimization book Marketing Speak Podcast The Optimized Geek Podcast     Subscribe, Rate & Share Real Money Talks!           Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!