Be Wealthy & Smart

Learn 7 investment strategies of centimillionaires. In this episode of Be Wealthy & Smart, I interview Richard C. Wilson from familyoffices.com. Here are the 7 Investment Strategies of Centimillionaires: 1. Own the game 2. Alpha-mail (instead of blackmail) 3. Niche monopoly 4. Work on building a full chess board portfolio 5. Leveraged resource strategy 6. Horse trading 7. Identify choke points Books mentioned: Mastering the Rockefeller Habits Zero to One Scaling Up The Single Family Office

Learn how to invest in a rising interest rate environment. Hit the subscribe button! ***I announced winners of the contest!*** The article is here: http://www.investors.com/etfs-and-funds/etfs/how-to-invest-in-a-rising-rate-environment/ Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn which large cap growth ETFs have performed the best year-to-date. Hit the subscribe button! The chart is posted on my website at www.lindapjones.com, podcast 324. Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn what brands are the top 10 in the world and looking at them as a potential investment. Hit the subscribe button! This is from information in an article on Business Insider written by Ben Lovejoy. The full article is here: https://9to5mac.com/2017/09/27/worlds-most-valuable-brand-interbrand/ A company called Interbrand writes an annual report of the world's most valuable brands. "Interbrand assesses the all-in value of a brand by analyzing three factors … • The financial performance of the branded products and services • The role the brand plays in influencing customer choice • The strength the brand has to command a premium price or secure earnings for the company" Apple is #1 again. "It this year estimated that the value of the Apple brand had increased by 3%, relatively modest compared to the five fastest-growing brands. The five Top Growing Brands include Facebook (48 percent growth) who leads for the second year running, Amazon (29 percent), Adobe (19 percent), Adidas (17 percent), and Starbucks (16 percent)." But the top 5 growing brands are not the same as the 10 most valuable brands. Trees don't grow to the sky. At some point, large companies will have a slower growth rate. Think of a speed boat, small and able to go fast. Then think of an aircraft carrier, large and not able to go fast. Because some of the top companies are in technology, the ability to grow big is enormous. A virtual company like Facebook doesn't need a lot of real estate vs. a Toyota that needs to build factories. But the article notes: "tech firms make up 15 of the top 100 companies, just behind automotive at 16." Profitability models are completely different. Think like one of the sharks on Shark Tank. You want large margins, a lot of profits and big sales. It's pretty simple. Take a company like Coca Cola. It was flavored water with some color and caffeine added. Pretty big margins right? But they still had to buy cans and bottles, build bottling plants, deliver it to stores, etc. Now think of Facebook or Google being mostly virtual. They rely on some staff, but their "product" is virual in cyberspace. They don't have to deliver, manufacture or mail anything. They only need some office space and employees to manage it. That's why 6 of the top 10 are software or tech companies. 1. Apple 2. Google 3. Microsoft 4. Coca Cola 5. Amazon 6. Samsung 7. Toyota 8. Facebook 9. Mercedes Benz 10. IBM There's a difference between largest and growing fastest. As an investor for growth, you're looking for growth. Where is the growth going to come from? For Apple, it's a new phone. For Microsoft, it's a new software. For Mercedes it's their electric cars due by 2022. You want to be able to identify where the growth is. Maybe Coca Cola can continue to grow overseas, but with a health trend in the US are sales growing as fast? Have they diversified into healthier flavored waters, etc.? Study up before investing. Large companies don't always grow fast. They tend to move in cycles where they can outperform and then small companies outperform during the next cycle. Small companies are actually outperforming many large companies this year. Will that continue? If the economy slows, it just might. Your homework is to: 1. Research earnings of companies online and determine their growth rate for 1, 3, 5 and 10 years. Is it increasing, maintaining or declining? 2. Research how companies are going to grow faster in the future, or are their best days behind them? The stock market is littered with former tech darlings who are in the scrap pile from years ago RCA to AOL, NOKIA and others. 3. Pay attention to potential new companies online and investigate their growth rates. Companies like Shopify, Wix and Roku might be interesting to research. Again, you want increasing earnings! ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn why active management is outperforming index funds this year and what to do about it. Hit the subscribe button! The article is posted here: https://www.cnbc.com/2017/09/18/the-tide-has-turned-active-outpacing-passive-investing.html ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Interview with MyFICO.com expert Ethan Dornhelm about what makes up a FICO score and common myths. Hit the subscribe button to get the latest podcasts asap! I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the 3 basic things to do and why managing money is not as hard as we are making it to be! Hit the subscribe button! There's so many tools for financial help, it has gotten too complicated! You don't need all the apps, websites, products, accounts, credit cards, etc. for sale online. I'm getting questions about things that show me the big picture is being missed. How many buckets do I need? What should I put where? How much here? Keep it simple and basic! I did 3 things well: paid my bills on time, saved and invested. Save 20% if you can, or at least 10%. Pay yourself first. Like it's a bill. Pay your bills and pay them on time! If you can't, go on a cash basis. Either it was in my savings account like when I saved for a down payment to buy my first home, emergency fund, etc. The rest went into the market. The idea is to save as much as you can and move over into investments to build wealth. The investment can be a home, stock account, mutual fund, etc. At 2%, your money won't double for 36 years! We get all complicated with buckets, accounts, budget apps, etc. Maybe you think that's easier. I don't. If you're paying off debt and strapped for cash, they might be helpful to get to stability. But if you're not in debt, then look at saving more money! Be aware that financial companies are promoting things like financial rebalancing, combining accounts, and online banks and incentivized credit cards to make commissions. The internet is spammed with such offers. The blogger is paid a commission on! It's is NOT unbiased advice. They are monetizing their blog or podcast by making commissions. You only see it in small print and it's called being an "affiliate". That means "commission". ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn the 2 types of millionaires and which one I agree with the most! Hit the subscribe button! Today we are reviewing a study about rich people and their 2 habits that help them build wealth. Here is the article: http://www.businessinsider.com/self-made-millionaires-habits-build-wealth-2017-9/#1-they-establish-savings-goals-early-in-their-lives-1 ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn how to get your mindset turned around! Hit the subscribe button! Here is today's listener question: Hi Linda, I'm sitting here listening to your podcast. I started from the beginning again and I'm on episode 3 and it's reminding me how much power our thoughts have and what they create. But I'm realizing that right now I'm where I'm at because of my thoughts in the past year. But a good reminder that I need to change my mindset ASAP! I've been trying to listen from the beginning while I'm working in my office. I've been in such a bad place mentally the past 6 or 7 months and have been fighting to change my mindset so I decided to start over with the podcasts since it's been a while since I heard your first ones. I'm trying to listen as much as I can throughout the day. It's frustrating when you know all this AND have lived it and can attest that it works but you're doing the complete opposite of what you know. Thank you for this podcast! xo Sandy (name changed) Thank you for your note! Many people are struggling with this. They know they need a positive mindset, but are really struggling and even fighting the negativity. It's bombarding us - media, news, magazines, internet, social media, etc. Not a political statement - it's been happening for a very long time. Look at movies, many are so violent and negative. They used to be feel-good and happy! Here's what I see happening…you want to be positive and believe in yourself, but you're having a hard time believing. You almost have to see it to believe it - and that's backwards! You know it too! You know you want to be believing in yourself first, but can't. So what gives? 1. Negativity around us is challenging. 2. You don't have a system to help you daily. 3. You're trying to force it and it's not working. 4. You're making it way too hard! 5. Deep down you might even think you're not good enough or be afraid of failing or be afraid to make a mistake or be afraid of rejection or be afraid of being seen. Let me make this simple! IMO, the Law of Attraction stuff is off just a bit. It's not about visualizing with enough emotion. It's about having certainty. Let me say that again. Certainty! You have to get yourself to a place of certainty that you want this and will accomplish it. To become certain, you have to change your thoughts. You already know that, but HOW is where you're struggling. To answer that question, let's check in with who I think is one of the best mindset experts of all time: Mohammed Ali! That might surprise you, but I really respect his mental game! Mohammed Ali went from a humble fighter to World Champion. He's known for his quips and confidence in himself. He used to say, "I'm pretty and I'm the greatest!" Let me share some of his other quotes: "He who is not courageous enough to take risks will accomplish nothing in life." "I know where I'm going and I know the truth, and I don't have to be what you want me to be. I'm free to be what I want." - Stop trying to please others! This is YOUR life! "It's lack of faith that makes people afraid of meeting challenges, and I believed in myself." - Believing in yourself is KEY! "It isn't the mountains ahead to climb that wear you out; it's the pebble in your shoe." Most of what holds us back isn't the grand vision, it's the small stuff we can't get past. "What keeps me going is goals." You MUST have written goals! And here's what he said that I always say: "It's the r______ of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen." Internalize that!!!! Changing your beliefs is really about r_______! Like TV ads! Here are my steps to use affirmations: 1. Write them down in a positive way. 2. Use already t____ sentences in between. 3. Read them at least first thing in the morning and last thing at night. (Billionaire Jeff Hoffman puts them on a sticky note on his bathroom mirror). 4. Don't make it harder than it is! 5. Surround yourself with positivity - on tape, in books, in essential oils. You can also s____k it into existence! The Wealthy Mindset Blueprint course on my website goes into more detail if you want 2 to 3 hours of getting your mindset focused correctly. Here is the biggest secret of all…you must get to a point of C_______Y! It's not a wish, it's not a thought, it's not a desire, it's C______Y! "I am the greatest. I said that even before I knew I was." - Muhammad Ali ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! ******************* Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.

Learn about why wealth is possible for you! Hit subscribe! So excited to announce today we crossed 1,000,000 downloads on iTunes! Wow! It's very exciting! It happens to be happening at the same time I have another exciting announcement! That is, I'm going to have a book published! I will be published by an independent publisher. We had 3 publishers interested and I chose Post Hill Press. The book will be available about a year from now on 9.18.18, what a great date! It will be a roadmap to financial freedom and will start with the proper mindset and then go into practical solutions for avoiding the common big mistakes many people make with their finances that holds them back from getting their money working harder for them and achieving financial independence! The message I have for you is simple: the wealthy aren't smarter than you, they don't have something you don't. They simply had drive and determination to go after what they wanted, maybe with a laser focus. They persevered and kept doing what worked. I like to share the story about Mrs. Fields cookies. Everyone knows how to make chocolate chip cookies, right? I think I first made them when I was 10 years old. So a 10 year old can make cookies, not hard, right? Mrs. Fields focused on making it a business, growing a franchise and made a fortune. It took effort, it took hard work, it took determination. Probably sacrificing time and/or money too. It took a big effort, but she did it. If that's what you want, you're going to have to start doing something different. I'm not saying you need to be an entrepreneur, but if you want financial freedom, you're going to have to be focused and take action. It's not just going to "happen". You're not likely to win the lottery and even if you did, many people that get easy money blow it all because they still don't understand how to make money grow, they just know how to spend it. Blowing it is fun for a few minutes and then it's gone. Learning to grow it is so much more important so you can stay rich! Many people get rich (like athletes, actors, lottery winners), but don't know how to make the money grow and soon it's all spent so they don't stay rich. They miss the opportunity for their kids and generations to have financial freedom because they blow it. Because you're here, I know that's not your style. You're taking the time to learn what to do with money, how wealth grows and how to keep it. When I was young, I wondered why some people were rich and others weren't. I wrote down the 6 Steps to Wealth to explain how step-by-step wealth happens. Once I understood it, I was able to make it happen quickly because I got the concept. That's what this podcast is all about! Helping you grasp the concept so you can achieve financial freedom. Let's quickly review the 6 Steps to Wealth again: 1. Create a wealthy mindset 2. Save a nestegg 3. Find a mentor/knowledge 4. Invest in a money engine 5. Compound at a high rate 6. Protect your wealth You can be working on several steps at once. Wealth is synonymous with compounding. The investing component to compound your money is most important, that's why I'm not keen on being frugal being enough to get you there. You've got to compound! Be mindful with spending and make your dollars stretch farther, but also be aware of the BIG mistakes people make. In the financial world, we're focused too much on the $3 latte and not enough on the $100k mistake of moving too often and paying real estate commissions, moving costs, remodeling, decorating costs, etc.! I've shared with you the story about remodeling my house. My husband and I were deciding whether to move or not. When I calculated how much money it would cost to pay a realtor commissions ($30k+); professional movers ($10k+); improvements, paint, carpet & repairs preparing to move ($10k+); remodeling in the home we purchased ($20k to $50k+); I realized it added up to $70k to $100k! It made more sense to stay put and invest the $100k in our existing home and make it work for us! We did that and it more than doubled in value so it was a great decision. Thinking like this and getting the BIG, expensive decisions right and not making mistakes is going to help you a lot more than giving up $3 lattes! I'm so honored that we've reached 1 million downloads and you're to thank! If you have shared this with friends and family, thank you. If you've left a review, I'm humbled and grateful. My passion and purpose in life is to help you achieve financial freedom and to make a global impact. We're now in 171 countries, so if you are outside of the US, thank you. I know you may have to adjust things a little differently, but the 6 Steps to Wealth still apply to you, so use them! ********************************* I'm having a summer giveaway through the end of September...you could win 6 awesome prizes: 5 of The Wealthy Mindset Blueprint (audio course): Learn how millionaires think the right thoughts for wealth before it happens (value $197) OR 1 Wealth Journal (book): Learn the 6 Steps to Wealth (value $67) Here's what you need to do: 1. Leave the "Be Wealthy & Smart" podcast a review on iTunes (or Stitcher Radio for Android). 2. "Like" my Facebook Fan page at http://facebook.com/lindapjonesfanpage (if you're on FB, if not, that's ok). 3. "Follow" me on Twitter at http://twitter.com/lindapjones 4. "Follow" me on Instagram @LindaPJones 5. Send me an email @ lpjhome@gmail.com and let me know you did this! (If you're not on FB, TW or IG, that's ok, just send me an email @lpjhome@gmail.com and let me know you left a review). If you've already done all 4 above, great! Thank you! No need to do them again! Just email me @ lpjhome@gmail.com and let me know. All names will be dropped in a hat and a drawing will be done in early October for winners! Move your net worth in the right direction by getting "11 Quick Financial Tips to Boost Your Wealth" at http://www.lindapjones.com.