Real Money Talks

Today’s guest is lawyer and legal coach from Seattle, Washington, Heather Pearce Campbell. Heather is also the founder of an online company called Legal Website Warrior. Aside from her legal practice, she is also part of a restaurant business in Pendleton, Oregon. It is an extension of her father’s western store called Hamley’s, the oldest saddle-making company in America

With the many stories of joint ventures gone wrong, it is best to know how to draft a business contract that would deal with the possibility of business partners parting ways in the long run. On today’s episode, Heather shares some practical steps that help make this separation easier, simpler, and smoother for both parties. She explains the rationale behind each step and gives advice on the best possible ways to deal with a business divorce.

“The first thing, and absolutely the most important, is to make sure that the contract you’re using is reflective of the arrangement that you’re putting in place.” – Heather Pearce Campbell

In This Episode of Real Money Talks: 

• What should be reflected in the business contract and why
• What you need in a contract
• How to deal with interstate or international business partnership
• What litigation, mediation, and arbitration means in business
• Things to do and consider in advance to assume a strife-free business divorce

Checklist in Designing a Business Divorce: 

1. Reflect the actual agreement.
2. Identify the specifics of the who, what, why, where, when, how.
3. Know where the money’s going to be held.
4. Consider the ending, which can be a resolution procedure.

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Today’s guest is lawyer and legal coach from Seattle, Washington, Heather Pearce Campbell. Heather is also the founder of an online company called Legal Website Warrior. Aside from her legal practice, she is also part of a restaurant business in Pendleton, Oregon. It is an extension of her father’s western store called Hamley’s, the oldest saddle-making company in America

With the many stories of joint ventures gone wrong, it is best to know how to draft a business contract that would deal with the possibility of business partners parting ways in the long run. On today’s episode, Heather shares some practical steps that help make this separation easier, simpler, and smoother for both parties. She explains the rationale behind each step and gives advice on the best possible ways to deal with a business divorce.

“The first thing, and absolutely the most important, is to make sure that the contract you’re using is reflective of the arrangement that you’re putting in place.” – Heather Pearce Campbell

In This Episode of Real Money Talks: 

• What should be reflected in the business contract and why
• What you need in a contract
• How to deal with interstate or international business partnership
• What litigation, mediation, and arbitration means in business
• Things to do and consider in advance to assume a strife-free business divorce

Checklist in Designing a Business Divorce: 

1. Reflect the actual agreement.
2. Identify the specifics of the who, what, why, where, when, how.
3. Know where the money’s going to be held.
4. Consider the ending, which can be a resolution procedure.

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Since the invention of the Internet, a lot of people have taken advantage of the accessibility and convenience that this innovation brings. Because of this, more people chose to conduct their business online, but with this new method of trade also comes some challenges that concern not only the safety and security of the consumers, but also of the online business.

 Today’s guest is a lawyer and legal coach based in Seattle, Washington. Heather Pearce Campbell offers legal information and services in Washington and provides legal coaching for small businesses and entrepreneurs around the country.

On today’s episode, Heather shares the risks that online businesses are in and the means to protect the company. Since more than half of all businesses had to deal with data breach in 2016 alone, the legal rules involving cyber security has also evolved quickly. It is important to be aware of the ways that online businesses can protect themselves from fraudulent transactions and hacking.

“Cyber security insurance policies are the fastest growing insurance policy right now.” – Heather Pearce Campbell

In This Episode of Real Money Talks: 

• How hacking works as a group that makes small businesses as prone to hacking as big companies
• The significant risks of online businesses
• How having terms and conditions play a big part in protecting your intellectual property
• How the “right click” on the Terms of Use or License Agreement before any purchase can stand up in court and save you from a lot of trouble
• What a Friendly Fraud is and how you can set up different levels of protection from this
• How a Privacy Policy protects you if you get hacked

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Since the invention of the Internet, a lot of people have taken advantage of the accessibility and convenience that this innovation brings. Because of this, more people chose to conduct their business online, but with this new method of trade also comes some challenges that concern not only the safety and security of the consumers, but also of the online business.

 Today’s guest is a lawyer and legal coach based in Seattle, Washington. Heather Pearce Campbell offers legal information and services in Washington and provides legal coaching for small businesses and entrepreneurs around the country.

On today’s episode, Heather shares the risks that online businesses are in and the means to protect the company. Since more than half of all businesses had to deal with data breach in 2016 alone, the legal rules involving cyber security has also evolved quickly. It is important to be aware of the ways that online businesses can protect themselves from fraudulent transactions and hacking.

“Cyber security insurance policies are the fastest growing insurance policy right now.” – Heather Pearce Campbell

In This Episode of Real Money Talks: 

• How hacking works as a group that makes small businesses as prone to hacking as big companies
• The significant risks of online businesses
• How having terms and conditions play a big part in protecting your intellectual property
• How the “right click” on the Terms of Use or License Agreement before any purchase can stand up in court and save you from a lot of trouble
• What a Friendly Fraud is and how you can set up different levels of protection from this
• How a Privacy Policy protects you if you get hacked

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

If you are a hardworking person who wants to give the best to your family, it is natural for you to go over your monthly expenses and make sure that there is enough money to pay for all your needs. These necessities may include your household utilities, food, mortgage, car loan, college plan, and the like. And every month it’s always the same – you get your paycheck, and after ten minutes of holding your hard-earned money, they’re all gone and put away to account for all the necessary payables. Many people do not know that this is a lifestyle cycle, but you have the choice, just to carry on or start living the wealth cycle.

Today on the Real Money Talks podcast, I am going to talk about the difference between the Lifestyle Cycle and the Wealth Cycle. As you listen in, I want you to look at your behavior and assess which pattern you’re living out. Are you designing your life to be rich? Where are you spending your time and energy? Once you have figured it out, remember that the change in your thinking and spending can make a whole lot of difference in your goal to be rich because it is an activity that requires time and energy. It is a choice. Make yours today.

Focus on income and assets, not on liability and debt.

In This Episode of Real Money Talks: 

• The one system about becoming a millionaire through tax planning, proper corporate structure, trust, and insurance
• The wrong focus and thinking associated with the Lifestyle Cycle
• Definition of Lifestyle Thinking and how the society has designed you to be monthly-payment thinkers
• How you can see where your focus is – either in the inflow or outflow of money – as you do a simple project by documenting yourself for a month
• What the Law of Attraction is and how it contributes in reaching your desire to be rich
• What the Wealth Cycle is and the world’s view of it together with how corporate people live out this cycle
• Understanding debt and how good debt becomes a leverage

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

If you are a hardworking person who wants to give the best to your family, it is natural for you to go over your monthly expenses and make sure that there is enough money to pay for all your needs. These necessities may include your household utilities, food, mortgage, car loan, college plan, and the like. And every month it’s always the same – you get your paycheck, and after ten minutes of holding your hard-earned money, they’re all gone and put away to account for all the necessary payables. Many people do not know that this is a lifestyle cycle, but you have the choice, just to carry on or start living the wealth cycle.

Today on the Real Money Talks podcast, I am going to talk about the difference between the Lifestyle Cycle and the Wealth Cycle. As you listen in, I want you to look at your behavior and assess which pattern you’re living out. Are you designing your life to be rich? Where are you spending your time and energy? Once you have figured it out, remember that the change in your thinking and spending can make a whole lot of difference in your goal to be rich because it is an activity that requires time and energy. It is a choice. Make yours today.

Focus on income and assets, not on liability and debt.

In This Episode of Real Money Talks: 

• The one system about becoming a millionaire through tax planning, proper corporate structure, trust, and insurance
• The wrong focus and thinking associated with the Lifestyle Cycle
• Definition of Lifestyle Thinking and how the society has designed you to be monthly-payment thinkers
• How you can see where your focus is – either in the inflow or outflow of money – as you do a simple project by documenting yourself for a month
• What the Law of Attraction is and how it contributes in reaching your desire to be rich
• What the Wealth Cycle is and the world’s view of it together with how corporate people live out this cycle
• Understanding debt and how good debt becomes a leverage

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

In the past, people could acquire their needs and made their trade through the barter or the exchange method. Back then, life was simple, and people’s needs were undisputedly more fundamental than the needs of this present generation. As time passed by, people changed. And with that, their needs also evolved. Today, money has undoubtedly become one of the necessities of life. It has become a need to survive. We are so accustomed to using money in our daily lives we don’t even stop to wonder where it came from or what it does.

Today on the Real Money Talks podcast, I’m going to share with you that the money available to you depends on how you make it – you can earn it as an employee, as an entrepreneur, or as both. Remember that how you make your money significantly impacts everything else – your taxes, deductions, relationships, and even the way you contribute to the community. My hope is that at the end of this episode, after knowing and understanding the banking system and money works, you will be able to make an educated choice about how you want money to come to you and the payoffs that go with choosing how to acquire it the wise way.

The safest thing is to get smart, to get knowledge, to get confidence, and to get access. That’s security.

In This Episode of Real Money Talks: 

• A brief history of the Federal Reserve Bank and the foundation of what set the world banking system in order
• How money comes to you – the difference between a corporate bank account and a personal bank account
• How you can maximize your tax strategy by understanding how the banking system works
• Ways you can make money by maximizing tax savings and investing in double-digit returns
• How to look “attractive” to financial institutions
• Why you need a personal relationship with the bank or the banking officers despite the quick and easily accessible online banking made available nowadays

Resources Mentioned:

• The Creature from Jekyll Island book by G. Edward Griffin

Subscribe, Rate & Share Real Money Talks!

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!

Do you know the difference between a Trust and a Family Limited Partnership? Many people often believe that they are the same, but they are two very different entities. So, what’s the difference and how can you learn which one is right for you? Should you have both?

My brilliant CFO and tax strategist, Weldon Wulstein, joins me on the show again today to explain how these two entities differ, the various types of trusts, and when you should consider getting a trust set up and organized.

“A living trust is not a tax savings vehicle. It is an asset protection vehicle.” – Weldon Wulstein

In This Episode of Real Money Talks:

• The difference between a living trust and an asset protection trust.
• Taxation benefits of living trusts vs. asset protection trusts.
• What is a Family Limited Partnership and how does it work?
• How gifting Family Limited Partnership interest works.
• The structure of Family Limited Partnerships and trusts.
• When you should begin to set up a Family Limited Partnership and trusts and why you should have them set up even when you have insurance.
• The difference between asset protection, taxation, and estate and family wealth building.

Free Gifts!

Download your free copy of the Top 10 Differences Between Trusts and Family Limited Partnerships! Head over to AskLoral.com/podcastgifts to download your free copy today!

Subscribe, Rate & Share Real Money Talks!          

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!          

President Trump has said many times that he will be raising our interest rates while he is in office, and while I don’t believe we will see a significant increase until at least late-Summer or early-Fall, I do believe that we should prepare ourselves before it happens. That is why I’ve decided to sit down with my CFO and Senior Tax Strategist, Weldon Wulstein, to get his opinion on what it would mean for our listeners if President Trump does, in fact, raise interest rates in the United States.

Weldon Wulstein joins me on the show today to share his advice, thoughts, and opinions on what might happen when the interest rates go up, how it will affect our currency, and what consumers need to know to properly prepare themselves for this increase.

“Banks are already anticipating an increase in interest rates.” – Weldon Wulstein

In This Episode of Real Money Talks:

• How rising interest rates may affect consumers credit card debts and car loans.
• Will a rise in interest rates make it more difficult to get a mortgage?
• How the increase will affect other currencies, such as gold.
• Why he believes it’s better to stay off Wall Street.

Weldon Wulstein’s Advice to Consumers:

1. Consider fixing your variable mortgage or interest rates.
2. Check your credit card cap.
3. Watch the market and pay attention to it.

Subscribe, Rate & Share Real Money Talks!         

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!         

President Trump has said many times that he will be raising our interest rates while he is in office, and while I don’t believe we will see a significant increase until at least late-Summer or early-Fall, I do believe that we should prepare ourselves before it happens. That is why I’ve decided to sit down with my CFO and Senior Tax Strategist, Weldon Wulstein, to get his opinion on what it would mean for our listeners if President Trump does, in fact, raise interest rates in the United States.

Weldon Wulstein joins me on the show today to share his advice, thoughts, and opinions on what might happen when the interest rates go up, how it will affect our currency, and what consumers need to know to properly prepare themselves for this increase.

“Banks are already anticipating an increase in interest rates.” – Weldon Wulstein

In This Episode of Real Money Talks:

• How rising interest rates may affect consumers credit card debts and car loans.
• Will a rise in interest rates make it more difficult to get a mortgage?
• How the increase will affect other currencies, such as gold.
• Why he believes it’s better to stay off Wall Street.

Weldon Wulstein’s Advice to Consumers:

1. Consider fixing your variable mortgage or interest rates.
2. Check your credit card cap.
3. Watch the market and pay attention to it.

Subscribe, Rate & Share Real Money Talks!         

Loral Langemeier is on a mission – to educate and empower the Real Money Talks community on how to have those important money talks that are straight, to the point, and can be applied to every aspect of your life. So, tune in every Monday, Wednesday, and Friday on iTunes to learn, ask Loral a question, and create your path to financial freedom! Don’t forget to leave a review and grab your free gifts on AskLoral.com!