Real Money Talks

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
• [email protected]

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

• [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.

• 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

My friend Jay Fiset is back to talk about joint ventures, masterminds, and the advantages of each. Jay has been a businessman and entrepreneur for years. He is also a staple in the personal development space.

Today, Jay talks about how joint ventures can give you leverage and access that you wouldn't normally have. He also talks about how once you have built relationships and influence, you can leverage that to create your own mastermind group. This group can be a resource to take everyone's business to the next level.

You can find Justin here:

Ask Loral

Show Notes

• [02:09] Jay has been an entrepreneur for 33 years, and he has spent most of his time in the personal transformation space.
• [02:27] He runs The Creator's Code which has been attended by 40,000 people from all over the world.
• [02:30] About six or seven years ago he created Mastermind to Millions. He had already been teaching how to have mastermind groups and just made it to the public.
• [03:43] He has also had real estate and several businesses. He would invest his money elsewhere.
• [04:28] Jay teaches authors and coaches how to create a mastermind for an additional stream of revenue.
• [04:38] Masterminds are one of the fastest ways to create income. When done well it gives us access to network resources.
• [05:00] We can 10x or 15x our access to resources experience and wisdom by masterminding with people who are movers and shakers.
• [05:24] It's one thing to go to a mastermind, but it's a completely different thing to run one.
• [05:39] When you create your own little mastermind joint-venture syndicate you can begin to strategically and wisely put together a team of people that can go out and print money.
• [07:06] Joint ventures are one of the fastest ways to make money.
• [07:45] Hand select people for deal flow in cannabis, crypto, AI, etc.  Ride the wave of technology that is coming. Just one great deal will create multiple seven figures.
• [10:25] The first step is to join joint-venture communities.
• [11:09] Everybody listening should join Jay's community globally.
• [12:35] Jay built his reputation by strategically attending events and targeting certain people.
• [12:52] Once you figure out who you want to support and start supporting them things start to move.
• [14:29] Being onstage didn't take Loral long to gain a massive following.
• [17:18] Start with a smaller group not a larger group.
• [18:54] You can always start a JV group before you start a mastermind group.
• [19:21] It takes influence and traction to launch a mastermind and the way to get there is through joint ventures.
• [20:04] The money and conversion happens when we are strategically borrowing the influence of other people that we are partnering with.

Links and Resources:

• Loral’s Real Money Talks
• Brian Tracy
• Les Brown
• Zig Ziglar
• Mark Victor Hansen
• JV Checklist
• Mastermind to Millions

Edwin Kelly from Specialized IRA Services is here today to talk about the advantages and flexibility with a self-directed IRA. Whether you need income or tax savings, there are savings and investment vehicles that can help you meet your goals that aren’t tied to the ups and downs of the market.

Today, he talks about how everyone needs a customized plan that fits their circumstances, and he talks about the benefits of using a Roth to withdraw tax-free income. It’s also possible to make creative investments like real estate. You are in the driver’s seat and can invest in anything that is legally allowed by the government.

You can find Edwin here:

Ask Loral

• [01:12] Edwin is a custodian of IRAs.
• [01:36] When he was young, he read and studied about some of the great businessmen.
• [01:55] He knew he wanted to be in business, and he was looking for a niche.
• [02:01] From study, he noticed that starting a business in a new industry allows your business to expand as the industry expands.
• [02:14] He wanted to find something that would solve serious financial problems and seemed new. He discovered self-directed retirement accounts although they weren't really new.
• [02:51] Company-sponsored retirement plans haven't worked as well for people as they thought they would, because of company limitations on investments.
• [03:27] A self-directed space allows someone to get complete control over their retirement account and invest in anything allowed by the government. The possibilities are endless.
• [03:35] Edwin found that there wasn't a company doing what he was trying to do and he wanted to enable people to be able to invest in what they wanted.
• [04:01] There is some confusion about self-directed IRAs. There's what people call self-directed and then there is truly self-directed.
• [05:09] Most investment banks offer a self-directed fund where you can pick anything that they offer. This is limited to stocks, bonds, mutual funds, and CDs.
• [05:18] A better question to ask is can you buy a foreclosed property with your retirement account and have your retirement account pay to fix it up and then put a tenant in there and collect rent tax free.
• [05:49] A true self-directed retirement account has a custodian who allows you to invest in anything that the government allows you to invest in without restrictions.
• [06:24] There are probably less than 30 firms who specialize in what Edwin's firm does.
• [07:43] The government tells you what you can't do. You can't buy life insurance inside your retirement account. You can't buy collectibles and no self-dealing. Most everything else is allowed.
• [10:27] At Specialized they create custom plans for their clients. They use individual retirement accounts. Small business retirement plans like solo 401(k)s. The last category is tax-advantaged specialty accounts.
• [12:25] The Roth vehicle is the only one that allows us to go from forever tax to never tax. All income is not subject to tax.
• [14:34] You can invest in an LLC and it can hold all kinds of assets.
• [16:02] Self-directed retirement accounts are going to be part of your picture not all of the tools. Look at your rate of return and see where it makes sense to put something into a retirement account. Consult with an expert and optimize.
• [20:10] Edwin gives an example of the power of compound interest.
• [23:40] An example of a 53 year-old attorney who opened a Roth late. He then built a real estate portfolio within that Roth using leverage. His monthly distribution is now $40,000 a month tax free. He built that in 14 years.

• Loral’s Real Money Talks
• Specialized IRA Services

I usually keep my podcast evergreen, but it's getting near the end of the year, and I have to talk about the big five. You have to get incorporated if you are serious about getting rich. Companies make money individuals get taxed.

You have to get your qualified plans, and review your trusts, insurance, wills, and a whole list of other things. Scott Arden from Controllers, Ltd. is here today to talk about the importance of tax entities and why it's so critical to have the correct entity in the year that you want to save on taxes.

You can find Scott here:

Ask Loral Controllers, Ltd. (866) 786-3462

Show Notes

• [02:07] Scott started his first company when he was 19. This is when he first started learning about what he could deduct and how to protect his assets.
• [02:35] He wanted to know what he could and couldn't do, so he dove into the tax code.
• [02:59] He was in the asset protection industry for about 20 years.
• [03:12] He and his business partner wanted to bridge the gap between the legal side and the tax side of companies and they started Controllers, Ltd.
• [03:23] Tax professionals need to talk to each other on a consistent basis.
• [03:39] Tax entities are not just about tax savings. There's also liability protection involved.
• [04:54] Businesses high risk. The premise of corporations and LLCs is to protect assets.
• [05:27] There are different entity structures. An LLC is kind of a hybrid between a partnership and a corporation.
• [05:47] A corporation is a separate legal entity. It pays its own taxes.
• [06:32] Scott has a whole list of questions that will help people determine which type of entity they should create.
• [07:28] Timing is critical. You want to make sure that you are getting the most bang for your buck in the way of tax deductions.
• [07:45] Sole proprietors get smashed with self-employment taxes and limited deductions.
• [08:05] There is still time to take some tax deductions in 2018. If you are a sole proprietor, you can create an entity that has a fiscal year ending as opposed to a calendar your ending.
• [08:41] You can also put in place a management company that will be overseeing the operations of the business. You can then pay the company for the rest of this year in the first quarter of next year. This allows us to take extra expenses and deductions that will reduce the 2018 tax liability.
• [10:06] Some of the deductions that you can claim include retirement account, home office account, vehicle account, investments, and more.
• [12:11] If you've been a sole proprietor for 20 years and you incorporate today, you will lose your past 20 years of credit.
• [13:25] It's essential to have a proper accounting system in place. You do have to maintain minutes and resolutions. There are quite a few compliance issues that you need to understand.
• [13:56] The company needs to be able to defend the different deductions that you take throughout the year. There needs to be corresponding minutes and resolutions to back up the transactions. You will also need corresponding documents like an ownership certificate. You want to make sure you clearly separate the corporation from the business owner.
• [15:32] Fund your company,m so you can pay the proper deductions out of that fund instead of your private money.
• [16:15] Don't commingle your funds and make sure you know your financials. You can also get your own corporate credit card.
• [17:57] An example of how a couple went from 50% tax to about 11% tax by partnering with the world's largest wine company.
• [19:05] Another example of taking advantage of depreciation of an asset to offset taxes with an online store.
• [19:37] You can take a distribution and then invest it in an asset that will give you a high depreciation.
• [20:21] Many accountants just barely get people by and overlook smart tax savings.
• [20:52] You want a professional will who will present ideas that will help you save on taxes.
• [21:22] Tax planning should be done throughout the year.

Links and Resources:

Loral’s Real Money Talks

Matt Brauning is a two-time best-selling author, master NLP trainer, entrepreneur, and leader in the field of business development. He was a self-made millionaire by the time he was 25 years old. He is the host of The Purpose Driven Entrepreneur podcast and was featured in The Journey with Brian Tracy and Bob Proctor.

Matt is here today to talk about how to make money based on the seven drives or key principles that leading entrepreneurs and business people have in common. We talk about how our drives change over time, the importance of being transparent and congruent, and the surprising drive that has inspired many ultra successful people.

Ask LoralThe Firebox Principle: The 7 Drives That Fuel Every Entrepreneur and Free QuizMatt BrauningMatt Brauning on LinkedIn@MattBrauning on TwitterThe Purpose Driven Entrepreneur Podcast

• [01:56] Matt's book is called The Firebox Principle it's almost like a story of entrepreneurs and visionaries.
• [02:35] Matt always felt like he was trying to fit in and looking from the outside-in until he started his first business at 22 years old.
• [02:52] Entrepreneurship was what changed Matt's life.
• [03:04] The seven drives.
• [03:12] Matt look at the origin stories of visionary entrepreneurs. They had seven deep motivational drives to create what they created.
• [04:23] If you understand your deep unconscious drive and the reason you do what you do, your actions will be congruent and you will be driven by the correct principles.
• [04:25] The significance drive, the artisan drive, the world impact drive, the contribution drive, the spiritual drive, the thrive drive, and the avenger drive.
• [04:46] Significance is because you want to be important. Artisan is because it's beautiful. You want to change the trajectory of the Earth with the world impact drive. Contribution drive is about the people. Spiritual drive is because the Creator said so. Thrive drive is about money and success.  The avenger drive is about taking a wrong and making it right.
• [05:49] Drives change over time they're not a personality profile.
• [06:12] When Matt was young, he was driven by the significance drive.
• [07:42] I went from the significance drive to the contribution drive overnight.
• [08:04] If you find yourself shifting drives realize it but don't throw the baby out with the bathwater.
• [09:04] All of the drives have successful entrepreneurs behind them.
• [09:15] The Avenger drive is an overarching one among successful entrepreneurs.
• [11:15] Once you find out what your drive is wave the flag and share your story with everyone.
• [12:03] If your drives aren't congruent, you can always change them.
• [13:10] You gain wealth by having a story and real reasons and authenticity behind why you do what you do.
• [13:41] NLP can help behavioral change. You can take control of your brain and have influence over your life.
• [14:56] Association disassociation is one of the most underrated techniques in NLP. Looking through a memory in your own eyes is called associated. Watching the memory is called disassociated.
• [15:40] You can consciously decide when to associate. When you associate with your own eyes the motivation is higher.
• [16:38] The difference between what you do is based on your association in the morning.
• [17:03] Look through your mind's eye to accomplish the things you want to accomplish, and it will create more motivation.
• [17:59] We will always fail and be overwhelmed but the question is what are we going to do with it?

Loral’s Real Money Talks

Loral is interviewed on the Eliances Heroes Show by host David Cogan. They talk about  how Loral became The Millionaire Maker. Loral talks about how she has created a system for creating and keeping wealth.

They talk about having the best systems in place and being surrounded by the best team members and mentors. They also talk about side income, passive income, and understanding the new tax codes and getting the most out of that knowledge.

You can find Loral here:

Ask Loral

Show Notes

• [00:48] Loral got the name The Millionaire Maker when she was writing a book on how to become a millionaire.
• [00:55] A focus group from McGraw-Hill came up with this leading title.
• [01:21] Loral is one of today's most Innovative and visible many experts and that is because she has a system for  becoming a millionaire.
• [01:40] She was making millionaires, but then she had to write down how to do it.
• [01:49] What also sets Loral apart is that she practices what she preaches. She's a gas and oil, real estate, and cannabis millionaire. She actively practices what she coaches and mentors.
• [02:04] to keep on top of everything Laurel finds the best and the brightest team members for each category that she focuses on.
• [02:36] I find world leading experts and I partner with them.
• [02:46] Everyone was raised to believe that after you finish school, you get a job and save money if you can, so that someday you can retire. This means you rely on one source of money.
• [03:11] We need money from various sources, because there are so many variables from losing jobs the markets crashing.
• [03:30] Our millionaires are made with a variety of income sources including passive income.
• [03:36] We've dissected the 2018 tax code. You are either going to win big on this tax code, or you're going to lose.
• [04:27] Retirement by definition is an agricultural word that means to put cattle out to pasture to die. We want people to retire and be free.
• [05:30] The best way to create wealth now and to continue creating it every day is to be surrounded by the best team. Don't do it by yourself partner with somebody who knows what they're doing.
• [06:42] When it comes to finding the right team it's about who you know and being commuted to knowledge. Spend your time and money on learning about money.
• [08:48] When parents work with Loral's team, children are mentored for free.

Links and Resources:

Loral’s Real Money Talks