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As an entrepreneur, small business or practice owner, or high-level executive, do you ever find yourself wondering if you’re using all the tax, entity and wealth strategies available to you or if your investments are truly producing all they could be? Happily, you don’t have to put up with that any longer. I have the solution. Real Money Talks! We're having the right conversation about money.
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Now displaying: February, 2019
Feb 28, 2019

I recently held my A New Year A New You webinar which was designed to help you end 2018 right and set up 2019 for success. This is part 3 or the webinar where I talk to crypto and blockchain experts Walt and Dave. These guys have made a fortune developing their own cryptocurrency and investing in existing coins.

They know everything about crypto from starting a coin, to investing, to all of the legal and compliance issues. They will be my expert advisor on an upcoming crypto series that we’re presenting. In this episode, we talk about everything crypto from how to get started, to the difference between digital currency and blockchain, and everything in between.

You can find Loral here:

Ask Loral

Show Notes

  • [01:03] In 1913, The Federal Reserve was founded to build a more stable and secure financial system.
  • [01:49] By the 1970s, the US dollar was no longer backed by physical gold.
  • [02:10] By printing money, the supply of the u.s. dollar is infinite, but the purchasing power goes down.
  • [03:02] Walt is part of the Off Wall Street show. Walt is one of the first experts with a system on how to get your account right.
  • [03:47] We are planning a six-week webinar with Walt and David. It's going to be heavy on content. We will help you set up your account and your wallet and make sure that it is secure.
  • [04:09] You will learn in 6 weeks what it took Walt & David a decade to learn.
  • [05:36] The challenge with learning about a massive new paradigm is time. It would take you years to learn to keep points that we are going to talk about.
  • [06:12] I tracked cryptocurrency everyday. I wanted to go deeper and deeper to really understand it at the fundamental level, so that I could incorporate it into my own business.
  • [06:20] We are going to cover the basics, and then we are going to talk how to build new things.
  • [06:46] By the end of things we will even teach you how to tokenize your own business.
  • [07:10] Our fast track information will save you over a year of research.
  • [07:27] We have navigated through compliance and so much more. The cryptocurrency world is the future.
  • [08:46] Different coins have different value just like different exchanges from all around the world. Digital currency will level the playing field.
  • [09:23] It will level the playing field in the international exchange rate.
  • [09:44] The digital market is tracked with the blockchain. Crypto can also alleviate exchange fees.
  • [10:31] Blockchain is about efficiency and the removal of fraud. It also removes unnecessary middlemen.
  • [11:36] Cryptocurrency is a new asset class. If you wanted to compare it to the stock market, you would have to go back to the first 10 years of the stock market.
  • [12:04] There are optimal periods to move your assets in and out of crypto. It doesn't mirror the market or even real estate.
  • [13:03] To get started dig into podcasts and start going to workshops and figure stuff out.
  • [14:05] How do you vet a new coin? Look at the team and if the project is already built. Don't invest in a plan on a napkin.
  • [15:13] Things are more structured now, and there is more regulation. There are also more projects that people can create with blockchain technology.
  • [16:24] Our team will help you integrate your own tax system with lawyers and entities.
  • [21:07] It's legal to own, buy and sell cryptocurrency.
  • [21:39] It's also exciting to tokenize a business.
  • [23:10] The clients are purely digital and stored in a software wallet that is secure. Physical coins are usually a novelty.
  • [25:17] There is value to the coins. You trade crypto on exchanges. Bitshares is a decentralized exchange.
  • [30:14] Behind the scenes, big players are trying to get their hands on bitcoin and want to control it. Right now, there is opportunity out there.
  • [34:06] There are gambling sites built on EOS where you can get daily dividends based on revenue.
  • [35:21] Once coins are mined out, and there is no more supply, they will continue to rise in value.

Links and Resources:

Feb 21, 2019

This is part two of the New Year New You Webinar where Loral kicks off the new year with a new brand. In this part, Loral talks about how millionaires think about debt and money differently.

She talks about the advantages of having write-offs, how debt can be used strategically, how to invest with OPM or other people’s money, and choosing freedom over retirement. We also meet Walt and David who will be talking about crypto and blockchain.

You can find Loral here:

Ask Loral
Books by Loral

Show Notes

  • [00:40] People have no idea how millionaires live. Your car and your computer are deductible. We used debt as leverage. OPM is other people's money to invest in business.
  • [01:05] We use the money and make money on money. We pay down credit-card debt strategically. We don't retire, we choose freedom.
  • [01:21] What is your freedom day number? Is it 20,000 a month? Is it a hundred thousand a month?
  • [01:55] This is Loral's 22nd year in the financial education space. She buys and sells businesses like a shark. Her team brokers businesses.
  • [02:52] Real estate needs to be structured right. It needs to be in an LLC or a trust and have a management company.
  • [03:18] If you like to go wine tasting, you can incorporate and write off all of your wine travel and expenditures.
  • [04:24] You have hobbies that could be businesses, but you don't run them like a business and you don't get the deductions.
  • [04:29] Loral and the team have revamped the way they are going to work with people to help them get the best out of life.
  • [04:52] We're also going to have a blockchain, crypto, and cannabis workshop with leaders from all over the world.
  • [05:32] There are tons of loan and grant opportunities for veterans. They have access to grants that can get up to $250,000. The problem is a lot of them don't know how to run a business.
  • [06:46] Our goal this year is to work very closely with veterans and help them buy greenhouses. Greenhouses aren't considered cannabis, they are considered real estate.
  • [08:30] These principles apply everywhere in the world including Canada.
  • [10:49] When you're not integrated, you have to go out and try to find each individual team member that you need to deal with. Then you are hoping that everything somehow comes together.
  • [12:02] Our goal with helping you integrate your team is to just use the team that I've found which has taken 20 years to perfect.
  • [12:27] There are eight areas of your life that you need to focus on money, personal development and career, health, spirituality, family, fun, friends, and physical environment.
  • [13:53] Pick only a few to focus on and evaluate, so you can discover what you need to do to get you where you need to go.
  • [14:21] Stop hanging out with people who don't have the same goals as you. Stop complaining and telling stories about 20 years ago.  Stop spending without learning about money.
  • [14:42] Masterminding and coaching can help you with these things.
  • [15:04] Look at the areas and then consider a start, stop, and continue for each area.
  • [17:06] Pick the one or two top areas that you are going to focus on this year. Discover your A, B, and C goals in each category. A goals are the non-negotiable ones.
  • [20:11] What did you accomplish? What do you want? It's all about income and assets. Making money and investing money are the number one ways to become a millionaire.
  • [24:37] Tax reform 2018 was a game-changer. If you understand the strategies around corporations, trusts and investing the chances of you becoming a millionaire in 3 to 5 years is very high.
  • [27:20] David and Walt are here to talk about crypto.
  • [27:57] David started dabbling in crypto in 2013. He then dug into blockchain which is the technology underneath cryptocurrency.
  • [29:14] He then started working on a music coin. This coin utilizes a smart contract system where every time a song is played the artist earns cryptocurrency.
  • [30:06] David and Walt also started tokenizing a business that Walt started.
  • [30:19] Walt was so excited about the whole crypto revolution that is about to blossom into a giant industry.
  • [31:33] Walt has a talent token coin. Most corporations are moving towards blockchain.

Links and Resources:

Feb 14, 2019

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:

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