Real Money Talks

Welcome back to the weekly market awareness broadcast.  We are talking about your fear of money and failure.  We are here to help you end this year and start next year right.  We are joined by Justin Bennett and John Howard.  Justin is a real estate guru and most of his focus is on multi-family real estate. John started his career as an investment counselor and has now moved into real estate development including alternative investments. 

We talk about what is going on in the economy and give economic updates first.  Then we jump into our topic which is fear of failure. Many people use failure as an excuse to never get going.  We share some of our own failure stories and how we got through them.  Then we share practical tips for overcoming your fear of failure. 

Show Notes:

• [01:44] We are going to be talking about the fear of failure. 
• [04:19] Economic update: Small business owners are getting hit the hardest.  
• [04:32] Justin shares about the current state in Kansas and Missouri. 
• [07:13] It is an economic injustice that we are fighting.  
• [08:04] John shares about the current state in Texas and how it varies across the state. 
• [08:57] It is important to support our small businesses during this time. 
• [11:19] A lot of people have a lot of fear these days. You’re going to have failures.
• [12:24] To combat failure, many times you just have to keep moving. 
• [12:52] Justin shares a failing story and how he walked through it.  His failure was not planning and putting the right steps into place to protect his business. 
• [14:20] It is amazing what you can achieve through all the different networking. We have the ability to control our own destiny.  
• [15:14] Failures don’t set you back to the point of no return.  It is just a minor speed bump. 
• [15:29] John shares some of his failure stories. He learned so many valuable lessons from his failures that still help him today. 
• [17:01] Things never go exactly like you think they are going to go. Things are always changing and you have to be able to adapt. 
• [17:19] You need to have a vision or mission bigger than yourself. You need adaptability, flexibility, and creativity to be successful. 
• [18:42] You are going to run into things and your attitude is going to help you get through it.  You need to reach out for help. 
• [20:01] The community brings so much additional knowledge than we when you are going through things alone. 
• [20:51] People who benefit are the people who aren’t afraid to take action and who are not afraid to fail and make a mistake.  
• [21:16] Planning and making decisions now is how you get ahead in life and how you get to where you want to be.  It is times like these that the educated take advantage of the situation.  
• [21:52] Justin shares about the most exciting project he is working on right now.     
• [23:01] John is excited to be helping his friends and family with the knowledge he has. 

Links and Resources:

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Welcome back to another weekly market awareness broadcast.  We are talking about money mindset, what you are doing to end the year appropriately and start 2021 on the right foot. We are here to help you end this year and start next year right.  We are joined by Adam Kipnes and Thomas Holland. 

We start the conversation by talking about the importance and benefits of your business being incorporated.  The remainder of our conversation focuses on the importance of a money making mindset. We discuss how our childhood and family affect our money mindset.  We also talk about crucial shifts you need to make to change your mindset and be ready to make money. 

Show Notes:

• [02:11] If you are not incorporated, you are going to miss huge opportunities.  There are tons of benefits including tax benefits. 
• [04:52] Small businesses are being pummeled during this pandemic.  
• [06:08]  A stimulus can keep a small business alive as long as it is incorporated.  
• [08:52] When you make money your mindset has to shift. 
• [09:29] Adam’s shares his mindset story.  
• [10:36] Noone ever talked to him about making money. He was taught that the smarter and more educated he was the more money he would make. 
• [12:00] Thomas’s family had a lot of entrepreneurs so he always saw that was something that he knew he wanted to do. 
• [13:42] A lot of people have inherited money beliefs and money behaviors from their family.  Usually, we have to consciously say we are not going to do it that way. 
• [15:07] When you know how to make money, it changes a lot.  
• [16:40] What you give your attention to, you’re going to get more of. We don’t focus on what you don’t have. We focus on growth. 
• [17:48] Success is not an accident.  Success is something that can be planned. If you work hard and smart you have a reasonable chance of success. 
• [19:11] If you don’t talk to people about what you do and offer them your services, you are hurting them.  If somebody needs something and I don’t offer it to them, I am hurting them.  
• [20:51] Look at what you do as a buyer, shift that, and do that same thing as a seller.
• [22:21] If you really know you can serve somebody, you have to share it with others. 
• [24:28] You don’t need to wait until everything is perfect. You just get out there and do it. 
• [25:44] If you have 21 conversations each day, it is impossible to not be successful.  Take the sales piece out of it and have conversations. It is easier to reach people today and have a conversation. 
• [27:50] Get used to listening to people in a curious and serving way. 
• [29:05] The more confident you are, the easier it is to ask for money for your services. 
• [31:19] Train your ear for listening to where your potential customers have a problem.     
• [33:01] Language is a critical part of changing your mindset because when you speak it, it is actually a deeper integration to the change. You really have to speak your new story. 
• [34:14] Take the negative you are speaking to yourself and turn it into a positive in the future tense. 
• [36:46] If an activity is not making you money, you have to think about whether or not it is worth your time to do it. 
• [37:35] Most of us do work, that there is somebody that is faster, cheaper, and better at it than they are. Does it need to be done by you?
• [38:35] There are a number of things that we do each day that don’t serve us or our clients. We just do them because we have always done them. 
• [41:13] When it matters, it will change. When it matters, you’ll change. 
• [42:18] You need to make a decision and start taking action toward the results.  
• [44:49] Don’t overthink it! Just think that you want to talk to as many people as you can and it is going to lead to money.   
• [45:34] If you are not excited to hop up and get to work on what it is you are doing, that is the mindset shift that you need to look at and take. 
• [46:53] The most recent Meet-Up and Marketplace winner, Godwin shares briefly about his success virtually.  Hear more about his story in an upcoming podcast. 

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up The Expression of Your Power

Welcome back to another weekly market update.  We have special guests joining us today on a very special topic.  Eileen E. Galbraith and Kyle Boeckman are joining us on the show today.  Eileen is known as The Credit Gal and can help you clean up your credit.  Kyle was Loral’s partner in the Make Your Kids Millionaires book.  

We are going to talk about families, significant others and how do you help get them on board for this money conversation.  We are all interacting with money all day long.  So we must be talking about it especially with our family. In today’s episode, we talk about the importance of having money conversations with your family and significant other and getting on the same page for where you are headed. 

Show Notes:

• [02:04] The end of the year is right around the corner.  Make sure you do the things on your checklist and get your infrastructure in order. 
• [04:04] Less than 10% of us have a money conversation growing up in our households. No one talks about it.  
• [06:04]  Eileen shares her story about growing up and money.  She shares how she struggled with money later in life because she was never taught about it.  
• [07:44] Eileen shares how she believes you have to spend money to make money.  It is a cost of doing business.  
• [08:15] It can be very frustrating and draining as a couple if you don’t have the same money mindset.  Money is a conversation that has to happen.  
• [08:58] Eileen and her husband have a money date night every week where they have a positive conversation about where their money is going to go. Sit down and have a loving and positive conversation with your partner.  When you get on the same page, miracles happen. 
• [10:19] Understanding the money psychology of your spouse is really important.  By understanding where they are coming from you can avoid a lot of conflicts there. 
• [11:20] Build a foundation with your spouse of a similar understanding of basic concepts of money so you can be on the same page. 
• [13:11] There are so many different ways to raise millionaire kids, but at the end of the day, you have to do it your way.  
• [14:13] It is important to teach your kids about money at a very early age and incorporating that into their everyday lives.  
• [15:01] When you are paying bills or investing, incorporate your kids into that and explain what you are doing to them. Every opportunity you can take to bring these moments into your culture is pivotal.  
• [18:01] Justin shares his story about being hit hard because of a lack of planning and knowledge. 
• [20:54] It is important to set things up properly for our loved ones.  
• [21:42] Whether you want to talk about money or not, at the end of someone’s life you have to. 
• [23:49] Loral taught her kids about money by modeling and taking them with her around the world. 
• [25:52] Eileen had someone meet with her husband and he shared the possibilities and how she wanted to grow. 
• [28:42] What do you need to talk about when it comes to money? 
• [29:13] There are five money categories that you need to talk about.  How are you making money as a family?
• [29:21] When you say you can’t afford it to kids all they hear is that they aren’t worth it and they don’t deserve it. It strikes their self-worth and at a psychological level that is often irreparable.    
• [29:58] Income, expenses, and cash flow are all parts of the conversation. 
• [30:53] The other parts of the conversation are assets and liabilities.  
• [31:16] Every real estate transaction affects all five of the financial categories. 
• [32:27] Having a common goal with your family makes all the difference.  
• [34:09] They don’t think of not being able to afford things anymore, they know they are able to go make fast cash if needed.  
• [36:45] There are three categories that help develop good money psychology.  First is their willingness to delay gratification and figuring out if they are a spender or a saver. 
• [37:16] The second factor is risk tolerance. Different people have different risk tolerances. The final scale is decisiveness.  
• [39:13] It is important to know the foundation of where they are coming from so that you can know how to go where you need to get.  
• [40:57] In everything you do you’re going to make a decision about money.   Loral
• [42:49] We often learn through repetition.  So as many times as our families hear the terms, the more they begin to pick things up.  
• [45:13] The fastest way we can help you is by getting some money back into your pocket.  Then you can go back to your spouse with results.  
• [48:19] If you are bringing kids into a blended marriage just protect whatever you have. 
• [49:12] It all starts with the conversation.  You have to be respectful of each other and sit down and start the conversation.  It is important to understand what is going on with money in the world right now.  
• [50:18] Integrate these money concepts in your everyday lives.  Money is not something to be afraid of.  It is something you need to discuss and it is a big part of our lives. 
• [51:37] Justin shares about a project he and Loral are working on in Topeka with real estate.  
• [53:33] When you are an investor in a project with a group of like-minded people you take so much more pride in that investment.
• [55:31] Check out the Millionaires in Training Group. 

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up The Credit Gal Website Eileen on LinkedIn Kyle on LinkedIn Make Your Kids Millionaires Book

Welcome back to the weekly market awareness broadcast.  We have a number of guests with us for this episode.  We are talking about digital currency and money mentors.  2020 moved digital currency to the forefront.  Chris Kline, our digital bitcoin and cryptocurrency expert is joining us for this episode.  

We kick off the episode talking about the rise of cryptocurrency in 2020. We talk about what you should do today with regards to cryptocurrency.  We have been getting so many questions about mentors.  We have several special guests joining us to discuss why it is important to have mentors, especially money mentors.

Show Notes:

• [01:23] Check out the upcoming program, New Year, New You on January 5th. 
• [02:54] In this episode, we are talking about two big themes, digital currency and money mentors.  
• [04:08] 2020 was the ultimate test for digital currency.  
• [06:25]  Cryptocurrency had a chance to rise to the occasion in 2020 and mature.  
• [08:06] Major players are coming into mature cryptocurrencies including Square and Paypal. 
• [09:01] The supply is shrinking and the demand is high, so we have the perfect storm for crypto this year. 
• [11:51] Positioning is super important.  If your money is not where it needs to be, inside of an entity or self-directed IRA and prepared to execute a trade you have missed that opportunity.  
• [12:18] Because of the speed at which cryptocurrency moves, positioning is critical.  
• [13:00] Get off zero.  If you own zero bitcoin today, you want to own something by tomorrow and then you slowly accumulate over time or position yourself for a larger purchase. 
• [13:45] Chris recommends that everybody starts with bitcoin unless you have a particular coin you are passionate about. 
• [16:12] In Utah, Texas, and Ohio gold and silver are transactional and accepted as tinder for taxes.
• [19:01] A lot of entrepreneurs don’t know how to lead themselves.  They are used to being told what to do or guided by a boss.  Mentors take a similar role.  
• [19:54] Loral shares the story of her first mentor.     
• [21:01] Mentors guide you, help you avoid costly errors, share their Rolodex, experience, and provide guidance.  Masterminds are basically co-mentorship. 
• [22:10] Thomas shares his first experience with the book The Four Hour Work Week and attending a Three Days to Cash workshop.  
• [24:18] Eileen shares about her first mentor at her first job.  
• [26:31] She has experienced so much growth because she has the mentor that she needs.  
• [27:20] Oftentimes your employer is your first mentor.  
• [28:51] Tamara’s biggest mistake is that she didn’t ask for help.  
• [30:07] We all have bad experiences working with others at some level, but we can’t carry that forward.  It is what it is, grow up, move on, create from where you are, and design your life from where you are.
• [31:17] When you are looking for a mentor, you want to look for a group of people around the mentor who are doing what they have done.    
• [33:01] Always keep an open door to something new because you never know what you are going to experience.  
• [33:25] Chris shares about his high school principal mentoring him and his first business mentor. 
• [35:04] There is value in every mentorship you can find but you have to remember that nobody has all the answers.  Sometimes we even outgrow our mentors.  
• [37:56] Sometimes we have to transition from a mentor. 
• [39:26] You need to have a mentor because you are not going to figure it out on your own and their wisdom and experience will compound your path to success much faster. 
• [40:53] Always have a notebook available for brilliant tips. You may not need them right then, but you may use them later.  Document because you never know what you may want to go back to. 
• [42:42] Be a mentor always and have mentors. Always pay it forward. 
• [43:08] Be really clear on what you want a mentorship on and then be coachable.  
• [44:01] You want many mentors in different areas.  
• [46:27] It is important to surround yourself with people operating in their strengths and expertise.   
• [48:33] You will never be alone again when you get the power of a mentor.

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up

We have a superstar episode with a number of guests we are going to be speaking with today.  We are excited to get their take on everything going on and get a market update.  We are joined by an expert ensemble including Ron LeGrand, Randy Tate, Kelly Korshak, Chris Kline, Ken Stark, and Warren Taryle.

Right now we are living in challenging and uncertain times.  In this climate of uncertainty, what do we need to be doing? What should we be doing in these uncertain times in the market?  We are going to talk about real estate, mortgages, taxes, digital currency, and more.  Now is the time to get your infrastructure in order for the year-end.  

Show Notes:

• [02:57] Our expert panel is talking about what we need to be doing in these uncertain times. 
• [04:51] Our expert panel includes Randy Tate, Kelly Korshak, Chris Kline, Ken Stark, and Warren Taryle.
• [05:23] The market rallied after the election. A divided Congress is good for business.   
• [06:28]  Kelly predicts that in the first quarter of 2021 that the market is going to go higher.  One of the main reasons is the vaccine.  
• [08:57] We are going higher in the market but not without a lot of volatility. 
• [09:31] This year bitcoin has proven itself in uncertain times. It is a stable asset.  
• [11:01] Diversification helps folks so they don’t have to put all their eggs in one basket and hope for one market.  There are so many opportunities out there that diversification is fundamental. 
• [12:53] Quit worrying about all the things you can’t control and worry about the market in your house.  Get your cash flow up and it won’t bother you as much.  
• [14:00] Anyone can purchase single-family real estate on terms and start making money quickly.  Terms are when you buy with owner financing and put lease options, tenants, buyers in the property. 
• [16:37] Most people are hoping for another round of tax cuts to come through. 
• [18:15] If there is anything changing with the tax cut, it is either going to affect everybody or nobody. 
• [19:58] Start your company, get it making money, and start taking the legal deductions. 
• [21:12] There is no way you survive this without having your own business.  Start becoming a significant investor. 
• [23:28] Real estate is typically the vehicle that pulls us out of recession.  Values continue to go up and rates continue to stay low.       
• [24:13] Rates are going to continue to stay low, demand continues to be high for real estate,  and supply continues to stay short.    
• [25:56] High deductions categories include real estate and gas and oil. 
• [26:51] With the end of the year coming, oil and gas is a great tax break if it makes sense investment-wise. 
• [27:38] If you don’t have your money rolls set, you better get them set. 
• [29:52] The only thing you can control right now is what’s going on in your family’s household.  
• [30:58] If you are employed make sure you have a company with an EIN and bank account so you can do legal deductions. Have a year-end tax planning session. 
• [33:12] Don’t go buy random coins at random exchanges. There are a lot of reputation risks in new spaces.  The stock has been around for a long time so they have weeded out the bad guys.   
• [35:36] The U.S. is still the best place to invest. Keeping your money domestically is wise. 
• [37:44] Overregulation in many industries should be a concern for all Americans.  
• [38:22] We have to be very wary of all the risks that remain in our society now and especially over the next six months.  There is a lot to invest in out there, but the potholes are large. 
• [39:57] Position yourself and your money so when the opportunity arises you can maximize. 
• [41:03] We have to be flexible and ready to make changes in our lives and how we have set things up. We can’t get locked into one mindset. The proper entity structure is the number one building block in a tax strategy.
• [43:29] If you have an S Corp don’t forget to do something with your year-end payroll.
• [45:07] Make it a huge priority to have your house in order.  

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up Ron’s Website iFlip Website Randy on LinkedIn Kelly on LinkedIn Taryle Accounting

We have a number of special guests today talking about current events and what we have going on in the market.  We also talk about the political future and what that means for your wealth-building plan.  We are also excited to have our big winner from the last Millionaire Maker Meetup and Marketplace, Jill Wick.  Later in the episode, we are joined by Randy Tate and Kelly Korshak. 

Randy Tate is the co-founder and CEO of iFlip, SAAS Financial Technology Company.  His passion is to empower all individuals to grow their wealth for the future through the use of AI investing technology. Kelly Korshak is the co-founder and chief technology officer at iFlip. His dream is to empower all individuals to grow their wealth through AI investment technology.

Jill shares her experience in the last Millionaire Maker Meetup and Marketplace.  Randy and Kelly share about iFlip and the opportunity to participate in the stock market with iFlip.  They also share what is currently happening in the market and the expectations for the remainder of 2020.  

Show Notes:

• [01:42] We are starting this episode with Jill Wick, the big winner from our last Millionaire Maker Meetup and Marketplace. 
• [02:13] Jill is a Rodan and Fields consultant and she sold over $800 in products over that weekend.  
• [04:13] Loral shares about the affiliate program.  Check out the upcoming Millionaire Maker Meetup and Marketplace and the graduate Meetup and Marketplace. 
• [06:48] This year lots of people just need to earn a little extra money to meet their financial goals.  The Millionaire Maker Meetup and Marketplace is a great opportunity to make that happen.  
• [09:13] March 2020 was when the market dropped.  It was the lowest drop since 1929. 
• [10:53] iFlip empowers the average person to participate in the stock market the way institutions, billionaires, or elite professionals do. 
• [12:28] The markets are probably going to go higher over the next two and a half months going into the inauguration.  
• [14:11] We are independent of foreign countries giving us oil because of the initiatives taken by the existing administration to support our domestic production of oil and gas. 
• [15:24] Any stock that is directly related to a virus going away through the vaccine will explode once the distribution of the vaccine becomes evident. 
• [17:01] Kelly is really excited about the future of real estate, oil and gas, and bitcoin. Right now is a really great time to take risks.  
• [18:15] There is going to be a big move to the upside in the stock market, bitcoin, and real estate.  Interest will go up a bit in the next 90 days. 
• [21:18] The reason the energy stocks are down is not a push toward new electric vehicles coming in the future. There will be tremendous growth in that sector, but oil and gas can proposer as well. 
• [22:52] Anybody that is in the oil and gas sector should stay there.  Anybody that isn’t there should get there.  Anybody that thinks this industry is going away is misinformed.  
• [24:57]As soon as the vaccine starts to get distribution, companies that supply restaurants or provide entertainment will jump 50% or more in a day. 
• [26:29] When the vaccine comes out the tide will rise and every stock including oil and gas and entertainment stocks will explode. 
• [26:56] Sometimes when you get in unique times like this you get the opportunity to construct and design things to do much greater over time.                  
• [27:38] The best time to invest in things regardless of what it is under distress or when it is scary to do it.  These times are opportunist times.  
• [28:51] When things look bleak that is the best time to invest not when they look good. 
• [30:29] Buy bitcoin as it goes up because you are buying momentum.  
• [31:38] You don’t buy things just to buy things. Buy them in a certain way knowing that you may buy more.  You need a buying strategy.  
• [32:49] Everybody should have some of their assets in the digital currency class.  
• [34:39] No matter what, you have got to make money and that will never change.
• [35:17] You have to have a plan and understand how to put money to work.  Don’t invest at all if you don’t have a rule. 

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Affiliate Sign-Up iFlip Website Randy on LinkedIn Kelly on LinkedIn

We are having a lot of conversations about what it takes to have your financial infrastructure locked by year-end amid this crazy pandemic.  Today we are going to be talking about real estate and learning more about how to make real estate part of your plan. We are joined by Ron Legrand today. 

Ron LeGrand has been an entrepreneur since the age of eighteen. In1982, Ron entered the real estate business, innovating the industry by creating systems to buy and sell houses without risk. Today, Ron and his company, Global Publishing Inc., mentor others in the real estate business, and Ron speaks around the world on the topic. In addition to his work in real estate, Ron is also owner and operator of two restaurants, two information marketing companies, three consulting companies, and a couple of others.

Ron has consistently delivered millionaires in the real estate space.   We talk about what we are seeing in the economy, the world of entrepreneurship, and real estate.  Ron shares how he used terms for buying and selling real estate.  

Show Notes:

• [02:26] I have Ron Legrand with me today.  He is the godfather of real estate.
• [03:20] Ron shares the story about how he met Loral.  
• [04:43] After the first few months of COVID, it actually became easier to buy and sell real estate and it keeps getting better.   
• [06:24] The pandemic has opened up a lot of opportunities like take out and virtual options.
• [07:22] When the market goes down again, that is the best thing that can happen to a real estate investor.  It is easier to buy and sell. 
• [09:01] He doesn’t pay cash for his real estate investments.  He terms from the seller and offers terms to his buyers which makes his business easier and more profitable.  
• [10:10] Ron has learned the importance of getting out of his own way and letting people do what they do best so he can do what he does best.  
• [11:30] We have to get money in the bank and equity so that we can think and focus and build wealth from that equity.  
• [12:19] Terms means that you are either buying it with owner financing and he sells it with a lease purchase.  He shares how he uses terms in his purchases and sales.  
• [15:47] It makes no difference what is going on around us. There are always people that want to sell their houses and people that want to buy houses. This business is never going to end.  
• [17:01] Check out the upcoming webinar with Ron and Loral where he shares step by step the way to buy and sell real estate with terms.  
• [17:48] If Ron was starting all over he would start with a terms business. 
• [18:11] Anyone can get started with buying and selling single-family houses without money or credit. 
• [20:09] Real estate is a great opportunity for entrepreneurs to add to what they are already doing or make it what they want to do.   
• [21:22] Real estate is something you need to put into your business model.  
• [23:01] Check out the upcoming Virtual Meetup and Marketplace.  
• [24:56] We always want you to be making money and adding revenue.  
• [25:51] Loral is calling November 15th the year-end.  If you don’t have your paperwork done by November 15th chances of getting it through any government agency are slim to none.     

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Ron’s Website

This episode is part of a series called Getting Your Financial Infrastructure Together.  Today we are going to be talking about gold, cryptocurrency, and cash.  With me today is Chris Kline. 

A Denver, Colorado native, Chris Kline was challenged to develop a way for individuals to directly invest in Bitcoin for retirement. Together with Camilo Concha and Johannes Haze, Kline co-founded Bitcoin IRA, and Kline then developed the process and exclusive partnerships to create a full-service, turnkey solution allowing investors to capitalize on the rapidly growing digital currency marketspace for their retirement portfolio while maintaining full IRS compliance. Kline holds a degree in International Finance and Leadership from the University of Colorado, Boulder. He is a contributing writer at Forbes Finance Council and FXEmpire, among other publications.

We talk about what you need to be doing now to be ready to wrap up this year.  We talk about gold, retirement plans, and the top four cryptocurrencies.  Chris shares practical steps to take today to position yourself for success as we wrap up this year. 

Show Notes:

• [02:08] Today we are talking about gold, cryptocurrency, and cash with Chris Kline. 
• [03:37] Chris knew that he wanted to be an entrepreneur and found himself working with retirement accounts.  He learned that you could do much more with your retirement than you could ever imagine.  
• [04:14] They keep innovating new ways for people to build wealth into a turn-key solution. 
• [05:19] This is a year to mark all other years and a new dynamic. It is exposing our weaknesses. 
• [06:56] Five trillion dollars have been created by the federal reserve this year. 
• [07:55] People are going to need qualified plans more as the tax crunch comes on. People are going to be looking for deductions which means putting money in a long-term vehicle.  
• [08:36] Retirement accounts can give you an advantage of lowering your income and you can’t touch it. Once you put it aside in your retirement it is in that vehicle and it has to stay in that vehicle until you are at retirement age.  It doesn’t mean you can invest it, it just means it has to stay in that vehicle. 
• [09:05] Self-directed IRA open up this world of opportunity.                  
• [10:16] Digital currency came into play in 2016.  When you see that there is this little amount of bitcoin that will ever be made compared to other things that is where it really becomes powerful. 
• [12:49] Only one group of people can control a particular currency. Bitcoin is truly the peoples’ currency.  
• [13:28] Cryptocurrency is easy to use.  You open a wallet and add cryptocurrency.  
• [15:23] Chris is working on a way to make gold easier to use for clients that want high frequency and use the technology. 
• [16:35] Check out the Millionaire Maker Meetup and Marketplace and now the Graduate Marketplace is complimentary.  
• [17:38] Fund your qualified plans to the maximum capacity and get into as much as you can.  Have the qualified plans completely funded.  
• [18:24] Positioning is huge.  Position yourself and be ready that when you see an asset you are interested in you, you can capitalize.
• [19:14] The Roth IRA is a golden ticket to wealth. Changes to the Roth may be coming based on the election results.   
• [20:32] If you have children open a Roth IRA for each of your children.  
• [22:34] There is still activity to the investing.  
• [23:05] Open your qualified plans today. Spend some time and get it done.  
• [24:51] Bitcoin is for money is your medium for exchange and you are holding it for wealth build.  
• [25:37] There are four times as much lite coin as then there will be bitcoin.  
• [27:21] You are going to see staking and or yield interest-bearing instruments across all coins very soon. 
• [30:21] Check out the Meetup and Marketplace and go make a lot of money together.  
• [31:01] The Department of Justice filed suit against Google for antitrust violations.  
• [32:01] More and more big corporations are investing in bitcoin because that is where the future is headed.  
• [33:34] Join us next week when we talk about real estate with a world-leading expert. 

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Chris on LinkedIn

There is so much to learn in the volatile economy we are in. Never before has the world been shut down.  Nothing comes close to what this Coronavirus has done to our local and world economy. Many entrepreneurs are struggling. I have Joey Gilbert with me today.  He is a local lawyer in Reno, Nevada. 

Joey Gilbert Law opened more than ten years ago with a focus on a few distinct areas of law, Personal Injury, DUI Defense, Criminal Law, Workers Compensation, Special Use, Privileged License Law, and Immigration Law. Joey Gilbert was born in Chicago, Illinois, but was raised in Sparks, Nevada. Gilbert graduated from the University of Nevada where he was a collegiate fighter. Hard work and dedication earned him three national boxing championships. Joey Gilbert Law has also been recognized as top 10 attorney-client satisfaction for DUI/DWI Attorneys in 2016, and the national trial lawyers 2016 top 100 criminal defense, as well as Reno News and Reviews best local attorney in 2017.

Joey shares coronavirus data and updates from around the world. We talk about true economics and what it has done to our families, our elderly, and our kids. We share the data about what is happening to our economy and the economy around the world. 

Show Notes:

• [01:10] I have Joey Gilbert with me today.  He is a local lawyer in Reno Nevada. 
• [03:01] Joey is very proud of his background as a fighter.   
• [04:25] He takes the same diligence, skill, and tenacity that he took into the boxing ring into the courtroom now.  
• [07:19] The World Health Organization advocates the lockdowns are not good.  
• [08:40] The Great Barrington Declaration is a very unique document. They are more worried about the mental and health impacts as a result of lockdowns and shutdowns of our economy versus the coronavirus itself.  
• [10:45] A lot of the problems are from misinformation. There are going to be 10 million people starving in Africa based on bad information when Africa has some of the lowest COVID infection rates. 
• [13:36] We should have done what Sweden and Denmark did back in May which was put protocols in place for preparing foods and protect those that we needed to protect.
• [15:02] We are seeing double the amount of deaths in the states with the most restrictions.                
• [17:11] Hospitals are getting paid to code death Cornavirus through the Federal Coronavirus relief packages. 
• [17:51] A CDC study from September 2020 found evidence that most who contracted the Coronavirus frequently wore masks.  
• [18:57] If the people most likely to contract it are wearing the masks, that just proves it is too small of a particle size for the mask to stop anyway and people aren’t wearing them right. Joey has taken a holistic approach with sunlight, Vitamin D, and Zinc instead.   
• [21:49] Many people are really scared from all the media coverage.  
• [24:21] We have learned so much about how to treated coronavirus since the beginning. There are known medications, treatments, and therapeutics that are working.  
• [26:41] Many businesses didn’t have the agility to change their business models when this happened and now they are struggling.  
• [27:29] Many studies are predicting one-third of the small businesses will shut down from the effects of the pandemic.   
• [28:48] The repercussions are dire across the states and we won’t see the full effect for several months and even into next year.  
• [31:15] The economy is most important to Americans right now.  
• [33:45] Joey shares about the church lawsuit they filed in Nevada.   
• [35:37] Research for yourself and check out other outlets that are not our mainstream news media.  
• [37:52] Joey shares a map and data of the result when Argentina made people start wearing masks.    
• [38:38] If you want to prevent the Coronavirus wash your hands, use your hand sanitizer, if you’re sick stay home, sanitize workspaces, and live your life.  If you have older family members that you are concerned about limit contact with them but not so much.
• [40:01] We send our kids to college to network and meet other people.  
• [41:08] Great Barrington Declaration reminds us that the children never get their youth back.  
• [44:01] Joey is working on a lawsuit similar to what they did in Michigan for the state of Nevada.  

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Joey’s Website Great Barrington Declaration

Today we have a very interesting topic around making money.  Direct sales is an industry that has made many people billionaires and multi-millionaires. In many countries including the United States, it still has a stigma about it.  With me today is Janine Finney, who is an expert on network marketing.      

Janine Finney spent the first 30 years of her career as a sales executive in Corporate America. Then, at the age of 50, Janine began a new career that she never expected to pursue, Network Marketing.  When Janine’s daughter, Lory, shared her desire to join a Network Marketing company after graduating from college, she quickly discovered that her mom had a very different opinion about this type of business than she did. Their strongly opposing views and the battles that ensued are what inspired them to co-author a book called, “The Flip Flop CEO”, which has sold over 100,000 copies.   Then, five years later, they wrote a sequel to their first book, called, “Does the Shoe Fit? The Guide to Help You Decide.” Janine believes that many women are searching for the freedom and flexibility that Network Marketing provides, but don’t recognize it because of the stigma and misconceptions surrounding this topic.  It has become Janine’s mission is to help others understand what Network Marketing is, and is NOT!

We talk about why direct sales should be something you do or possibly add on to what you are already doing. We also talk about the misconceptions of network marketing.  Finally, Janine shares some practical steps for finding the right network marketing company for you to be successful.  

Show Notes:

• [01:54] Janine was in the corporate world for thirty years and she realized that some people are not cut out for the cubicle world.  
• [03:47] After doing back and forth with her daughter for over a year she decided to check into network marketing.  She found that her negative experience was not the whole profession.
• [04:01] She went from the mindset of “I will never do this” to “I think, I was born to do this” very quickly after her research.  
• [04:47] Janine wanted to help change the stigma of network marketing so she wrote the book, Flip Flop CEO. Her second book Does the Shoe Fit was written to help others evaluate if network marketing is a good fit for them.  
• [06:16] Network marketing is a franchise in a box and it is so different than the perception of it.  
• [07:11] There are still so many misconceptions about direct sales and there are so many people searching for exactly what it offers but they don’t recognize it because of the myths.
• [08:29] There is also a huge misconception about the earning potential. Many professionals see direct sales as hobby money and it can be so much more. 
• [09:49] A third really big myth is that they assume that all network marketing companies are the same.                    
• [12:39] For people that are searching for a way to have more control over their future network marketing is an opportunity to have an online international virtual business in a box without the high price tag.  
• [13:46] For people that are looking for a way to have more control over their own destiny, this is a business that can be grown alongside what you are currently doing.  
• [14:07] People that are successful in business are successful in this business because typically they have time management skills, recognize a good income opportunity, and really understand it. It allows you to own your life, control, your time, and you can work on your own schedule.  
• [15:00] The flexibility and freedom are here and you can make as much and little as you want to earn.  The sky's the limit and there is no glass ceiling.  
• [16:46] This is a legitimate business that you can put a corporate structure around, do legal deductions, take business trips, and promote anywhere in the world. You can use a lot of higher strategies to build a successful business.  
• [18:25] Janine compares direct sales to joining a gym. 
• [19:31] Many people fail at network marketing because they don’t treat it like a business.  Do you put as much effort into it as you did your job?
• [20:21] There is a difference between direct sales and network marketing.  
• [20:36] The Direct Sales Association is a good place to go look at companies and find reputable companies.  Direct sales is a good option if you are looking for right now money vs. long term money. 
• [20:56] In network marketing you are typically building a network of consumers.  People are going to shop over and over again and that is how you can build long term money.  
• [21:21] Janine recommends looking for a company that provides consumable products if you are looking for long term residual income.  You also want to find something that you believe in and that you get hooked on yourself.  
• [22:03] She would give friends something that she knew they would fall in love with and that they wouldn’t want to be without.  She would tell them to use it for a week and if they didn’t like it they could give it back but when they did love it she would show them how to buy it at a discount.
• [23:29] Really think about your audience and circle of influence.  Who are you going to be able to provide a solution for? We are in the business of being a solution provider. 
• [24:07] It is important to find something you’re passionate about because then you are going to be able to do it authentically.  If you narrow it down to three companies, interview the people in the company and find out how they are doing the business.
• [25:21] Some first steps that Janine recommends are listening to their podcast, MLM, You Decide, and reading the book Flip Flop CEO. The Flip Flop CEO is going to give you a really good overview of what network marketing is.  
• [26:21] Seek out objective information that isn’t biased to one specific company.

Links and Resources:

Ask Loral App Loral on Facebook Loral on YouTube Loral on LinkedIn Money Rules Millionaire Maker Store Real Money Talks Podcast Integrated Wealth Systems Flip Flop CEO Does the Shoe Fit Direct Sales Association MLM, You Decide Podcast