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Now displaying: February, 2021
Feb 25, 2021

Welcome to another weekly market awareness update with Loral and the Integrated Wealth Systems team.  We are so happy to have you here.  We have a very special theme of love and money this month.  We are excited to have Eileen Galbraith on the show today.  

In this episode, Loral and Eileen answer submitted questions.  They discuss how to handle a divorce and the ways the team can help you navigate this situation.   They also discuss the importance of separating your accounts and credit even if you are married.  Eileen shares about her weekly money date night and how you can learn more about implementing this in your own life.  

Show Notes:

  • [01:43] You can’t leave your commitments behind.  Coaching is crucial.  
  • [03:14] You need to make sure everything is in place starting from the beginning of the year.  
  • [05:01] No matter what catastrophic story you have there is quality coaching available to help you make sense of that and move you forward on your path to financial freedom.
  • [07:01] Loral shares a funny story about her cancel party.  
  • [08:55] Loral and Eileen answer Rico’s submitted question. 
  • [10:34] Plan your divorce while you are still married because when it gets to that point it is not going to be a good conversation.  
  • [11:21] You need to become very sufficient or have the proper assets to cover if the person earning most of the money leaves the relationship or dies then you are set.  
  • [12:21] Anytime people get separated or divorced one of the first things you want to do is make sure your checking accounts are stopped.  Make sure the credit is not commingled anymore. 
  • [14:37] Have separate credit card accounts.  Each person has an individual account and then has a joint household account that each person pays towards. 
  • [15:19] Love and money don’t go together at all.
  • [16:06] Everyone should have a prenup regardless of their status now.  
  • [16:51] The one thing that is more important than money and love is love and values. It is important to have the same value set.   
  • [18:16] You need to have the conversation and commit to your values and share that with your partner. 
  • [20:34] The most important thing any couple can do is have a conversation around the money.  Things will improve when you're both on the same page.  Having a conversation is crucial. 
  • [22:40] Get extremely motivated to produce for your family.  As a single parent, you can add a side hustle or build your business.  
  • [22:59] Surround yourself with people that will lift you up and help you move forward.  
  • [24:37] Find a community to be a part of.   
  • [27:26] Eileen shares about her weekly money date night.  They talk about the money and then they have a date. 
  • [29:03] It is all about the conversation with money.  You want to listen to each other and make sure everyone feels heard in the conversation. 
  • [30:49] When you have a contract, you are committing to each other.  What you don’t agree with, you have a conversation about that. Make sure you have the contract near you. 
  • [32:41] Our team can coach you through your divorce.  
  • [34:36] In a divorce if you are a joint owner of a vehicle both are still responsible for the payments.  
  • [35:41] Get the contract and get your money stories submitted.  Start thinking about having the money partner with your significant other.   
  • [37:05] With money date nights, you are having conversations about the money, you are agreeing, you have money rules and a contract in place, and your intimacy and relationship thrive. 
  • [37:54] Eileen shares all about the Intimate Money Rendezvous. 
  • [38:48] You can have your money date weekly, biweekly, or monthly.  
  • [41:02] Your conversations about money will change over time.   
  • [42:37] Loral shares all the current marketplace deals.  
  • [44:28] Submit your love and money story and join Loral on Clubhouse.
  • [48:01] Email Mollie if you would like an invite to join Loral on Clubhouse.  Clubhouse is an Apple only product right now.  

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
Love & Money Giveaway
Intimate Money Rendezvous

Feb 18, 2021

Welcome to another weekly market awareness broadcast with Loral and the Integrated Wealth Systems team.  We have a couple of special guests that are going to be joining us.  Today we are going to be talking about your last chance of building out your financial infrastructure to guarantee your success in 2021.  With us today we have Adam Kipnes and Eileen Galbraith. 

In this episode, Adam shares about marketing strategy and what you need to think about as you put that into place.  Then Thomas talks about marketing tech and digital infrastructure.  Lastly, Eileen shares about funding and utilizing capital to grow your business.  

Show Notes:

  • [00:56] Today we are going to be talking about your last chance of building out your financial infrastructure to guarantee your success in 2021.
  • [01:34] Typically once we get out of January the momentum towards commitments and action plans fall by the wayside.   
  • [03:08] The first step in your marketing strategy is to create your story. What is it that you want to achieve in 2021?  Get really specific.  
  • [04:04] The second step once you know what you want to do, is to understand your strengths.  What are you good at? That is what you want to focus on.  
  • [05:06] The third step is to supplement your weaknesses.   
  • [06:45] Instead of goals set expectations for yourself.  Think about what you expect of yourself and raise those expectations by having a plan and story.  
  • [07:28] The fourth step is to raise your expectations and believe in yourself.
  • [07:35] Step five is to optimize your environment. Put yourself in the best position to meet your expectations. 
  • [10:36] Market all the time.  Everyday should be marketing.  
  • [11:48] Make a plan to review people who are doing what you want to do.  Watch, study, and model what they are doing.  
  • [13:07] Once you have the strategy in place, the next step is to make sure your marketing and digital infrastructure are built out to help facilitate that.
  • [15:01] What you all need to have when it comes to your cash machine is a simple dashboard set up so you can easily determine what is working and what needs help.  
  • [17:11] Once the core cash machine is built then you build out the marketing elements. You actually build it all out in reverse.  
  • [19:10] It all starts with getting the money.  Reverse engineering the revenue you want to want to project coming in.  
  • [20:03] You want to make sure your entity is set up properly.  You don’t want to commingle funds between business and personal. 
  • [20:18] Underwriting guidelines dictate that the day you open up your business checking account is the day your business is actually started.  
  • [20:38] There are three different ways you can get access to capital: cash, credit, or collateral.  
  • [21:37] Optimizing your personal credit in order to get business credit is the priority.  
  • [22:45] You need to know where you are and where you want to get to. 
  • [23:26] The way that your business is set up will make a difference when it comes to getting the capital for your business.  

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
Annual Credit Report

Feb 11, 2021

Welcome back to the weekly market awareness broadcast with Loral and the Integrated Wealth Systems team.  We are continuing our conversation about changing your conversation about money - going from mainstreamed math to millionaire-making math as you go toward your success in 2021.     

In this episode, Loral shares about passive language and taking action.  She talks about what you need to be doing to have a revenue-producing day.  Then she wraps up the episode talking about passive language and ways to change your passive language patterns so you can take actions and get the results you desire. 

Show Notes:

  • [01:17] The topic for today’s episode is passive language.  
  • [02:10] Your big commitment for the year is critical.  You need to get your businesses to make money so you can go and invest in new assets.     
  • [04:11] The way you are going to get your goal is to get nonnegotiable with yourself.  We are going to look at your action (what you are doing all day) and your action is supported by your language and thinking.  
  • [04:33] Your result is supported by your action.  Your action is supported by your language.  Your language is supported by the way you think.
  • [05:12] We have to teach you how to make money, so we are only going to talk about action and language.  
  • [06:19] What should you be doing all day?  You need to put a lot of structure in place if you are working from home.
  • [07:03] The first person you need to hire is home help so you can focus on your business. The second is your setter or assistant that is setting appointments and doing scheduling for you.  
  • [07:50] Do not wake up and react to everybody’s request for your time.   Get up and have your yes energy day.  You drive your day. 
  • [09:30] Driving your day is where am I going to go get my leads and where am I going to do at least two sales. 
  • [10:00] Get leads, get your sales, and do your ask, tell, asks.  Those have to be carved in your day and throughout the week you have to have your fulfillment time. 
  • [10:39] Map out your revenue-producing day.  You need to be making money every day.  
  • [11:32] Your language can support your action faster than changing your thinking.  
  • [12:32] Often your why isn’t big enough and your commitment isn’t strong enough so you use passive language.  
  • [13:20] Commitment this year to never using the word “if.” If means there are circumstances and excuses that can come in.  
  • [14:15] The past is the past.  Move forward accordingly. 
  • [14:44] You need to be selling brief snippets of education. You need a small cost item that you can constantly sell.  
  • [16:33] Then get your small cost item out there on the internet.   
  • [17:19] Loral shares many passive language patterns.  
  • [20:07] Sometimes we need to reschedule or postpone our commitment, but we can’t blow off everything.  Be mindful of the agenda of a call, the outcome, and the next step.  
  • [20:37] It will change your entire life when you start making and keeping very specific commitments or purposely rescheduling. 
  • [22:14] It is all about marketing sales and generating cash flow.   
  • [23:17] The first step is recognizing that you are using passive language. Then you can do the pattern interrupt and change your behavior.   
  • [25:19] Money is everywhere right now but you need the right team and the right plan to get that kind of capital.  
  • [26:49] There is an upcoming cryptocurrency education that covers all the basics including how to get started.  
  • [27:51] Go through a revenue-producing day and line it out and be rigorous holding yourself to it.  
  • [29:00] Don’t start with buffer or excuse language.  Start with an introduction, what you do, and how you can help them.  

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

Feb 4, 2021

In this episode, Loral walks you through the process to help you set goals in the eight key areas and achieve them throughout 2021.  The eight key areas to success are money, business, health, spirituality, family, your significant relationship, physical environment, and fun and friends. This process is a personal and family tool.   

Loral shares how she uses the eight key areas to set goals with her own children and how that has evolved over the years.  She shares the process of deciding what you want in each of the eight key areas and creating your ABC goals.  She also shares the importance of deciding what you need to start doing, stop doing, and continue doing to achieve your ABC goals. 

Show Notes:

  • [01:26] Loral shares about how she does the eight areas with her kids and how she uses stockings. It is a great way to start these conversations at a young age. 
  • [02:31] Your career, business, and personal development are a huge part and affect your money.  
  • [03:57] Personal development for your kids is really important.  Set goals with them quarterly.   
  • [05:16] Your physical environment is how you organize and how you’re efficient. It also includes where you live.  Your physical environment is anything that creates the state by which you can get motivated.    
  • [06:47] Take your home office seriously.  Do you like to go to it? Home workspace needs to be a serious consideration when you set this year up.  
  • [07:43] Your physical environment and the way you manage it is more important than it has ever been.                                                                      
  • [09:09] You don’t have a personal and work life anyway. If you become an entrepreneur, you have a life.   
  • [10:39] You are going to go through and write down what you want in each of the eight areas. Look at what happened in 2020 and then decide what you want to start doing, stop doing, and continue doing. 
  • [12:36] Are you reacting to everyone’s requests for you or driving your behavior? That is a huge shift. 
  • [14:02] Take the eight areas and create ABC goals.  A-goals are non-negotiable and have to happen in 2021.  
  • [14:45] There is no one that controls you and your household more than you. B-goals are second and line and you want to have.  C-goals are last and what you give up if you have to give up something. 
  • [15:34] Do this process with your coach, mastermind, and your family. 
  • [16:35] The next step is your gap analysis.  What did you accomplish and what do you want.  We will focus mostly on money and personal growth. 
  • [19:31] If you have been to our Meetup and Marketplace and you are not making money you need to be in Fast Cash.  
  • [21:42] It is critical that you learn to make money.  Go make money so you have enough money to buy an entity. 
  • [23:07] Don’t let this year go by not knowing how to make money.  
  • [24:26] Once you make money then we can get to the more fun conversations like how to invest it, save on taxes, raise capital, and more. 
  • [26:05] The Fast Cash coaching calls help you sequence your revenue-producing day.  
  • [27:10] The first step is to go to the Meetup and Marketplace. Then you go to the graduate Marketplace and get to the 100K. Then the signature process is the big table.  
  • [28:44] Six figures is not a lot of money.  Get past the hundred thousand mark so you feel like you always have extra money. 
  • [31:07] Check out the Kids Financial Literacy Series and Filing Cabinet.

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

 

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