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Now displaying: January, 2021
Jan 28, 2021

In this episode, Loral walks you through the commitment building process to help you set goals and achieve them throughout 2021.  We will be doing a lot of work and planning to put 2020 behind and make sure that 2021 is going to be much better and geared towards success.  

Today we share our commitments for 2021, so you are able to use them as a model to help you finalize your 2021 commitments.  We also talk about the importance of a mission and what your mission should include. We will also be giving the awards from our social sharing competition and talking about how to be successful in using them.  We finish the episode talking about yes moments and value commitments.  

Show Notes:

  • [02:07] This will help you set up your year.  Tons of people won in the social sharing contest.  
  • [03:08] There should be 2-5 things that you really want to conquer and achieve in 2021. 
  • [04:48] Statements are not commitments.  Commitments need to be very specific.  
  • [06:41] Integrated Wealth Systems is committed to creating and building wealth by changing the conversation about money in households around the world.   
  • [07:17] Your mission is something you are probably not going to get done in your lifetime. You are going to take a huge initiative towards your mission. 
  • [08:02] You really need to be committed to a mission way beyond yourself. 
  • [08:52] Your mission should be something that drives you and gets you up every day.  
  • [09:12] Our social sharing contest was more successful than we have ever done and more prizes than ever were awarded this year. 
  • [10:45] Loral shares the top winners in the social sharing contest.  
  • [12:11] Going through a marketplace event is a good start for getting started with your millionaire-maker education. 
  • [13:16] An expert money makeover is a special award that is given away and can’t be bought where Loral and the team decide what your money makeover should be and then do the money makeover that sets you up with a plan. 
  • [14:56] Our marketplace event is a huge tool belt that you need to know how to make money.  The next step is the graduate marketplace. 
  • [16:04] We have two real estate tours planned for this year in March and June. We are looking to add more tours for the fall.  
  • [18:15] The 100K blueprint modules take the guesswork out of what you need to do to make 100K.  It makes it a process.
  • [18:28] Success is not an accident or coincidence.  There is a process for how you can get to that 100K mark each year within your business. 
  • [20:13] Your wealth plan is the big plan and your business is an asset within the wealth plan.  
  • [23:04] A business plan is a map.  You need a gap analysis and a business plan to know where you are going.  
  • [25:45] Resolutions or statements are not commitments.  Commitments are SMART. They are specific, measurable, achievable, realistic, and have a time sensitivity to them.
  • [26:20] Make a commitment and adjust it as you go.  
  • [27:15] Get help from people that have already done what you want to do.  Sequencing is a big piece. Sequencing means doing the right thing at the right time.  Paying off debt is not what you do first.  
  • [28:43] Make a commitment to break your pattern and recreate your money pattern this year.  
  • [29:03] A yes moment is when you have no idea what you are doing but you look for the how and do the work.  When you say yes you look for who knows how and you build a team and project. How many yes moments will you have this year?
  • [30:12] However you got to this point doesn’t necessarily matter, what you are doing at this moment to make the next step is what matters.  
  • [31:17] The fastest way you’re going to change your mindset with money is to put money in your pocket and change your evidence. 
  • [32:25] Take what you want to start, stop, and continue from 2020 to support what you really want in 2021. Don’t use the pattern you created in 2020 as an excuse in 2021. 
  • [34:26] What are the first actions you need to take this year? Who will you model and who will hold you accountable? What excuses are you going to lay down and give up and what objections do you have to overcome?
  • [36:06] Loral shares their value commitments.  
  • [38:01] Until you interrupt your pattern, you’re going to get the same results.  
  • [41:09] When markets plummet, you need to be ready with your cash, ready to invest, and with a flip account.   Get serious about the checklist now. 
  • [41:57] Some people will make millions in the next market bounce.  

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
Finish Line Special Offer

Jan 21, 2021

Welcome to the weekly market awareness broadcast and our first broadcast of the new year.  We have Randy Tate with us today.  Randy 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. 

We talk about commitments and why they often fail.  We also talk about how to be successful with goals and take action to achieve them.  Randy walks you step by step through the process that he uses each year to achieve his goals.  He shares about the purpose, mission, and vision for your business, the importance of sequencing, and getting your finances, taxes, and legal in proper order.  

Show Notes:

  • [01:21] Have you made your commitments for 2021?
  • [02:34] It is the time of year when everyone is focused on taking advantage of the momentum, shaking off the holiday coma, and rocking and rolling into the new year.   
  • [03:50] We are on a mission to change your conversation about money.  Changing it from mainstreamed math to millionaire maker math.  
  • [05:18] Check out and join the social sharing contest here.
  • [06:41] Statistically most people stop their New Year’s resolution by January.  
  • [07:01] Maybe people stop their resolution because they are not committing to actions that are going to produce the result they want.  
  • [07:19] We are only going to choose to take actions that are in service to the results we claim we want.  Most people don’t understand how to declare what they want.  
  • [08:01] Most of us don’t want money.  We want the things that money can provide.  
  • [09:20] Most commitments fail because you don’t know why you are doing it.  
  • [10:54] One of the things that Randy does during the holiday season every year is take a trip to Mexico and they walk through their money rules and goals for their business and personal.  
  • [11:52] Create milestones, so you know what is going to happen by the end of each month. Have quarter goals and evaluate them at the end of each quarter to see how you need to adjust. 
  • [14:19] First you need to know your purpose, mission, and vision for your business.  If you’re doing things in your business that are not in service to your vision and purpose then stop doing them or redo your vision.  
  • [15:58] Once you know where you’re going with your business, you actually need to know what is going to happen to get there and you need the milestones and strategies to do it. 
  • [16:07] You must have in order the things you are going to do.  It is important to understand the sequence. 
  • [16:43] When you’re building out your strategies and tactics and you put them on a milestone graph, you must have milestones that are measurable. 
  • [17:11] Next you want to build a revenue model and understand that revenue drives everything.  Revenue is critical.  It drives everything. 
  • [18:12] Your finances, taxes, and legal all need to be in order and properly structured in the right entity.  Your asset protection plan and insurance strategy need to be in place. 
  • [18:43] Proper marketing will solve every problem you currently have. Marketing is about sharing with the world what you do to help them.  When you are properly marketing yourself, you are going to have constant leads coming in.  
  • [19:34] Sales finalizes the transaction and bring money into the door.  
  • [21:13] If you don’t have your goals where you can see them, you’re going to struggle and not achieve them.  
  • [21:27] Leadership is everything.  You as the leader of your business are responsible for everything.  
  • [24:23] The Building, Leading, and Protecting program is the capstone of the process of the seven steps to becoming a millionaire in 3-5 years.  
  • [26:12] Take advantage of the Finish Line offer here.  

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
Finish Line Special Offer

 

Jan 14, 2021

Welcome to the weekly market awareness broadcast. In this time after Christmas and before New Years’ everyone is looking at their year in review.  What are you committing to in 2021?  We are going to be talking a lot about commitments and changing your mindset away from that mainstream math to millionaire-making math. 

We are going to focus on the eight areas you need to be reviewing and making commitments in to be successful.  Scott Arden is joining us on this episode. He talks about entities and why they are critical to save 2020. You either save 2020 or you are going to get killed on taxes. 

Show Notes:

  • [01:03] What are you committing to in 2021?  We are going to be talking a lot about commitments. 
  • [02:11] You need to be completing 2020. In this episode, we are going to be talking about some things you need to be doing so you can see if you are caught up.  
  • [02:25] Your commitments need to be SMART commitments: specific, measurable, achievable, realistic, and time-bound. 
  • [03:51] Check out and join the social sharing content here.
  • [05:08] Over 80% of New Year’s resolutions fail and they usually fail because there is a lack of commitment and sequencing. 
  • [05:31] Sequence is important because it is building on one another and one thing you should be affecting the next thing. 
  • [06:06] We will plan all of next year as we head into next week.  
  • [07:01] Sequence is critical.  We look at what you are doing and put it in the right order.  
  • [07:44] The eight keys to success are money, business, health, spirituality, family, your significant relationship, physical environment, and fun and friends.
  • [09:56] Set goals in every one of these key areas, but keep it to three things in each area.  Then you can focus on two a month in 2021. 
  • [10:53] When you are not feeling motivated it is usually because of your gap.  Where are you and where do you want to be?  It has to have the right tension. 
  • [11:39] As you review 2020, what do you need to start doing, stop doing, and continue doing? 
  • [12:31] Next do a baseline of where you are versus what you want and set the right tension in your goal setting.  Then you move on to your ABC goals.  
  • [14:45] Do your commitments, go through these activities, and then we are ready to work through your plan.  
  • [17:27] It is extremely imperative to have an entity to take advantage of the loans and stimulus.  
  • [18:07] If you want to take advantage of certain write-offs and deductions the only way to do so is to have that entity established in 2020. 
  • [20:04] The most common entity that they establish is an LLC.  They have a lot of flexibility.  It is one of the most widely used entities nowadays.  
  • [20:55] LLC’s are the most common.  It is a great vehicle because of the flexibility with taxation and it can also be owned by other entities.  
  • [21:41] If you’re just starting out and don’t have a partner you probably want to look at an S-corporation.  It is going to provide the most tax benefits and protection with a liability issue. 
  • [22:31] If you’re making a lot of money, have property, and you want to separate it from your personal return then you start looking at a C-corporation.  You pay taxes on what you are paid and the company pays taxes on the rest.  
  • [23:54] Set up a time to talk with Scott about your entity here
  • [24:44] The compliance requirements are the same in the US and Canada.
  • [25:25] If you want to take advantage of entities, take that leap.  If it is on your checklist, just get it done.  Start 2021 off right!

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
New Year New You 2021
Schedule a Time with Scott

 

Jan 7, 2021

Welcome to the New Year New You part two episode. This is a way to end the year and begin a new year in an active structure. You have to get your structure together and make sure 2020 isn’t a loss.

In part one we focused on commitments for 2021. We also talked about the difference between commitments and resolutions and why you need commitments to get results. In part two we are talking about the eight keys to success.  Then we talk about prioritizing and sequencing important actions in those areas to create goals and see results. 

Show Notes:

  • [01:03] There are eight keys to success.  We want you to design your life the way you want it.  
  • [01:41] Your core values drive the priority of these areas in your life. 
  • [02:19] The eight key areas to success are money, business, health, spirituality, family, your significant relationship, physical environment, and fun and friends. 
  • [03:43] Get outside. The physical environment can do so much for your mental, emotional, and physical state. 
  • [04:05] Look at each area on a scale from 1-10.  How are you in that area today? Give yourself a score in each area.  This is what you need to set commitments for. 
  • [04:42] What is the action that is going to create a result to get you to a ten in that area? Choose the top 2 or 3 action steps to take in each area.
  • [07:41] Go through each area and score yourself today. You can’t attack all of these at once.  You have to spread it out and sequence it. 
  • [09:01] We are going to be your team. This team is critical for you.  Who else do you know you need to add to your team?
  • [10:12] What are one or two things that you need to learn about on the wealth side in 2021?
  • [11:16] As you look at those eight areas of your life, what do you need to start doing, stop doing, and continue doing? This helps you build your action plan in those eight areas. 
  • [12:52] You need to get really clear on what it is like to work at home.  How do you work in a more efficient way?
  • [14:05] Once you have your eight areas, you prioritize and sequence.  Decide your A goals, B goals, and C goals.  A goals are the top things you have to do. 
  • [15:31] The third technique is a gap analysis.  What did you accomplish in 2020 and what do you want to get done in 2021?
  • [16:00] Writing down and owning your money goals is a top priority in 2021. 
  • [18:55] When you set an audacious goal for 2021, what is the base thing you have to do?
  • [22:01] 2021 is a great year to take advantage of the different programs and resources because we are giving you so much time and opportunities and the value is insane.
  • [23:27] Coming to the marketplace is part of your revenue and funnel.  
  • [24:46] We talk about the important pieces that come down to you having conversations and you making money. 
  • [27:38] The Cash Machine is a world-class book on how to build businesses.    
  • [28:28] Fast Cash Coaching is where we have a lot of those connect the dots conversations.  We focus on how to have a revenue-producing day. 
  • [29:47] Isn’t making money a huge priority for you and your family?
  • [32:31] Most people that are not making enough money are out of sequence and not persistent enough to make it happen. 
  • [34:19] We are excited about 2021. There is no way that you can’t be successful in 2021. 
  • [36:45] Start by sharing your commitments for 2021. 

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
New Year New You 2021

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