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Real Money Talks

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Now displaying: February, 2020
Feb 20, 2020

You get a two-for-one on this episode. In the first half of the show, I am talking to a business owner and Idaho investor named Rod Myers. Rod is the CEO of Invest Idaho which is an EB-5 Regional Center. If you aren’t familiar with the EB-5 program, it’s a program that allows foreign nationals along with their spouses and unmarried children under 21 years old to obtain visas or green cards by investing in businesses in the US. 

This is a government program that has requirements and regulations. These investments are accepted through EB-5 Regional Centers which have been approved by the USCIS. The for-profit enterprises that these foreign nationals invest in must create or retain a specified number of jobs. Rod breaks down the numbers and what a targeted employment area is. He also talks about legal and administrative fees. He shares the benefits of getting green card status for these families and how they might go about it. 

Then I pick up the second half of the show with Tim. Tim is an Idaho investor, and he talks about how things are booming in Idaho and why someone would want to live or invest there. He also shares a little bit about the beauty of Idaho and some of his best investment opportunities.  

You can find Rod or Tim here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [01:08] Rod Myer knew some Idaho investors and ended up purchasing an EB-5 Regional Center from one of them. 
  • [02:00] USCIS does background checks on people who are organizing regional centers. Then you find qualified projects to sell overseas and deliver for investors.
  • [02:42] The EB-5 program has been around for several years. The real purpose behind it is to provide another option for foreign investors to come into the US and receive their green card. The green card is also good for any children under the age of 21.
  • [03:08] The real purpose is the green card. In some cases it may be investment and the green card.
  • [03:47] Rod and his team vet the project. Then they talk to brokers who work out overseas relationships. They have to be accredited investors with a net worth over $1,000,000. They also have to have an income of $200 to $300 thousand over the last couple of years.
  • [04:28] The investor looks at the project PPM and then the investment is a $900,000 investment or a$1.8 million investment. 
  • [04:50] To qualify for a TEA or targeted employment area, the project must be in an area where the unemployment rate is 150% of the national average. It's designed to help out areas that are struggling.
  • [05:21] The way unemployment rates are running in the US the 1.8 million investment seems more likely.
  • [07:02] Administrative fees can also range from $30,000 to $100,000. There are also legal fees between $15,000 and $30,000.
  • [08:09] We are currently working on a geothermal project and starting an organic farm.
  • [08:59] The investments are typically five to seven years. There is usually around a 1% return. 
  • [10:00] Having a green card allows people to come to the US as often as they like, and their children can attend school here. It's also a gateway to permanent residency.
  • [11:05] Every investor needs to create 10 full-time jobs. There is a calculation for this as part of the PPM.
  • [13:39] Tim is here to talk about Idaho investments. Boise is the fastest growing city in the country. Idaho's the fastest growing state in the country.
  • [13:46] People are coming from all over, and they have 36% growth.
  • [14:04] It's crazy to be in a demand market like this. There are people staying in hotels and RVs waiting for houses to come on the market.
  • [15:09] The big Exodus out of California is causing a lot of the growth in Idaho. A lot of businesses and industries are also coming into the state.
  • [15:41] They are getting at least 70,000 new jobs a year not counting the upcoming Amazon business.
  • [16:00] Median house prices are around $375,000. They have a huge green belt and parks that are really nice. Boise Downtown has a lot of culture.
  • [16:35] There are also beautiful mountains, lakes, and rivers. It's a great place for beauty and quality of life.
  • [17:08] They're working on some opportunity zone single family properties that would be good for EB-5 investors. As well as assisted care living investments.
  • [17:36] EB-5 would be great with any of the projects that they are working on. Tim's favorite projects are the multi-family units they are working on right now.
  • [18:37] They are also building a community for the 55 plus age group. This is a place where the residents can be a part of the community and be proud to live there. 

Links and Resources:

Invest Idaho
Rod Myer on LinkedIn

Feb 13, 2020

Jennifer Beale is a friend of mine and a powerful influencer in the Toronto business world. She is also a millionaire. Today, we are talking about things that can get in the way of women when it comes to business and ways to overcome these things. This also applies to men who want to help change the business trajectory of the women in their lives or their own business trajectory. Jennifer talks about how using our systems helped her become a millionaire, but not until she started to believe differently and think differently. 

She shares how having a morning routine and setting her intention on what she wants to complete allows her to accomplish more in only five hours of working. We also talk about the three things women need for a supercharged feminine space. Jennifer is an expert networker, and she shares how entrepreneurship isn’t a separate part of her life. She talks about how to get the most out of meetings and events by building a hub of people who support you and your business. 

You can find Jennifer here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [00:55] Jennifer Beale is a powerful influencer in Toronto. She's a big connector in the Toronto market. She speaks to women in business and things that can get in their way. 
  • [01:23] Jennifer is going to talk about helping women be more empowered in their lives and business. 
  • [01:42] Jennifer became a millionaire using our systems. 
  • [02:07] Jennifer just surpassed the million mark. She didn't think this was possible. Loral was a huge help to her. It took Jennifer awhile to put everything into place, but she did. 
  • [03:00] Things changed for Jennifer when she saw people who wanted her to be successful. She started to believe differently and make different decisions. 
  • [04:27] Jennifer has always had a routine. She changed it after meeting Loral. She gets up at ten to six and makes her bed. Then she sets her mindset for the day. Everything is about completion. She eats well, goes to the gym, and takes really good care of herself. 
  • [05:20] She also has an afternoon ritual to get her energy back up. 
  • [05:37] She does what she wants in the evening. Then she has a bedtime ritual to unwind. 
  • [06:03] The three things women need for a supercharged feminine space. We must have serenity and harmony with the people in our lives. It's critical to find ways to become serene again. 
  • [07:06] We need things to fill us up. We need to have the energy to do the things we want to do. Do things that make us feel strong. We must be connected and have great people in our lives and a spiritual connection. We need to be serene, strong, and connected. 
  • [08:36] We need a money making machine. Jennifer's money making machine has a seven figure potential.
  • [09:12] Your business must serve you. You are not a slave to your business. We need to be master's of our business not slaves to our business.
  • [10:04] Focus on things that have the potential to make you the type of money you want to make. 
  • [10:55] It's important to be clear about what you want and what you want your life to look like. It's important to learn how to say no.
  • [11:56] Women experience fragmentation more than men. Defrag or find convergence in your life. Your calling and your social life can overlap. 
  • [12:46] Creativity is something inside Jennifer that needs to be satisfied. She gets creative in business. 
  • [13:35] Entrepreneurs have a life. Bring everything together to clear the clutter. 
  • [14:37] One integrated life clears things.
  • [15:05] Jennifer has been networking for 18 years. A hub is filled with people who support you and your business like your clients, partners and collaborators. People who care.
  • [17:42] Women must nurture each other and come together to help each other. 
  • [19:45] Jennifer goes to events to find people to go in her hub. She talks with people about who they are and what they want. When they tell her what they want, she tells them she can help them get it.
  • [22:04] Most people have ideas not deals.
  • [22:55] Jennifer has a process for deals. She's good at finding fire not smoke. She wants business now.  There has to be something tangible there.
  • [25:13] Learn what a great person is and go out and get as many of those in your life as possible. Build a community or hub of these people around you. 

Links and Resources:

Ask Loral
Jennifer Beale to book a call about the Toronto business market

 

Feb 6, 2020

What do professional athletes do when they are done playing? Some become entrepreneurs, write books, or start a nonprofit organization or a training camp or clinic for youth or others. Some have the fame and fortune to do anything they want, but not all pro athletes leave their sport wealthy. Kandi Conda worked in PR, marketing, branding, and entrepreneurship when she noticed that many athletes had a gap when it came to playing pro sports and working afterwards. After owning a professional women’s basketball team and seeing the struggles some of the players had after they stopped playing, she knew she could help. 

Kandi started Life After Sports where she helps athletes with branding, PR, getting that book written, or with whatever she can help them with as a consultant. She is particularly proud of the Life After Sports app which features game schedules, snippets from pro athletes called Behind the Ball, and connects former athletes and businesses. We talk about sports, business, helping athletes, making money, and her upcoming Workshop Series. 

You can find Kandi here:

Ask Loral
BLITZ Your Wealth Plan!
Call for your strategy session 775-588-9200

Show Notes:

  • [02:14] In the 90s, Kandi did PR for a sports team. She has also written or ghostwritten 15 books. She also had a sports magazine called Super Fans. She was doing branding and PR for a women's basketball team.
  • [03:02] She helped them with an opportunity to become Chicago's first pro women's basketball team. Kandi ended up purchasing the team. 
  • [03:44] Kandi played soccer in the Air Force. 
  • [03:51] After purchasing the team, they did their first press conference at Michael Jordan's Restaurant.
  • [04:06] She owned the women's basketball team for about two-and-a-half years.
  • [04:31] Later on she reached out to the players and discovered that they needed help with financial PR and branding.
  • [05:01] She turned this into a business and helps former pro athletes and their relatives with writing books and branding. 
  • [05:31] They even had an NBA Mom's Panel. 
  • [05:52] They have an educational forum that features players and families. They help with camps and sell sponsorship. They have a unique business model. 
  • [07:15] Kandi's ideal client is someone who has finished their sports career and knows what they want to do, but needs help getting there.
  • [07:57] So many athletes have untapped talents and gifts. They don't all have to be financial planners or run a nonprofit camp or clinic. 
  • [10:18] Kandi makes money depending on what she does. It can range to writing, full on marketing, or consulting. 
  • [12:29] Kandi also has an app. 
  • [14:07] The app has all of the sports League schedules. It also has the Behind the Ball series which are snippets from pro athletes for student-athletes. There is also an area for athletes and businesses. 
  • [15:08] In 45 days, they are rolling out a Workshop Series. It will have workshops for athletes at all levels of all sports. Featuring everything from financial planning, legal, health, and more.
  • [15:28] They've been networking with NBA and NFL parent associations to find out what the athletes need. 
  • [16:16] Kandi can do everything in her business. The business won't close down if someone is replaced. 
  • [19:08] The Raiders are moving to Las Vegas. 
  • [20:05] It's a great thing that they are coming to Vegas. Sports are the next viable evolution for the city. 

Links and Resources:

Ask Loral
Life After Sports
Life After Sports App
Life After Sports on Instagram
KC Biz Boss
Kandi Conda on Facebook
Kandi Conda on Twitter

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