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Real Money Talks

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Now displaying: November, 2020
Nov 26, 2020

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

Nov 19, 2020

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

 

Nov 12, 2020

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

Nov 5, 2020

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

 

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