Real Money Talks

As some of you may know, I'm a five-time New York Times best-selling author. I love books. Books are like our brains on paper. I'm even thinking about coming out with another book to write about all of the blockchain, cryptocurrency, and cannabis millionaires that are being made. It's possible to create huge amounts of revenue with the right book and the right plan and product behind it.    Today, Melanie and Jenn from Elite Publishing are here to talk about why you should write a book for your business. Having a book can be a wonderful tool for making money and opening the door to bigger and better opportunities. Melanie and Jenn break down how to get started, book publishing best practices, and why you should throw perfectionism out the window and get to work.   You can find Melanie & Jenn here:  http://eliteonlinepublishing.com/ (Elite Online Publishing) Elite Online Publishing on Facebook Free Book http://askloral.com/ (Ask Loral)  Show Notes  [02:06] Melanie owned TV stations and Jenn ran a web com

My company and podcast is about making money, keeping money, and investing money wisely. Communication is the key to increasing the potential of money and exploring the best options to keep, make, and grow money. I am a huge fan of neuro linguistic programming or NLP when it comes to having conversations about money that influence people in the right way.  Matt Brauning is a speaker, best selling author, and master NLP trainer. He became a self-made millionaire by the time he was 25. He runs seminars all over the world and has worked with Tony Robbins, was in the movie “The Journey” with Brian Tracy and Bob Proctor, and has worked with countless Fortune 100 companies. Today, Matt shares some of the amazing potential that NLP offers to improve our business and our lives.  You can find Matt here:  http://askloral.com/ (Ask Loral) https://mattbrauning.com/ (Matt Brauning) Evolution https://www.facebook.com/mattbrauning/ (Matt Brauning on Facebook) http://mattbrauningpodcast.com/podcast (The Purpose Driven Ent

I have to admit, I actually underestimated the power of what is needed to do great SEO. SEO is critical and needed for every business. Today, we are going to discuss how high quality websites and podcasts contribute to SEO, the components of really great SEO, and more with my SEO Specialist and SEO prodigy Chloe Spencer. Chloe Spencer is the Marketing Manager & SEO Specialist for Live Out Loud. Chloe started her first company when she was 14 with a Neopet website that ranked at the top of Google and made her thousands of dollars a month. She now runs an SEO and marketing agency. She has been featured on ABC, MSNBC, Huffington Post and more. You can find Chloe here: https://www.chloespencer.com/ (Chloe Spencer) Chloe’s MSNBC Interview http://askloral.com (Ask Loral) Show Notes [01:46] Chloe has 26 SEO clients. Today, we are going to talk about how Chloe got into SEO. [02:16] Chloe's dad is Stephan Spencer one of the top SEO experts in the world. He was a great mentor, but he didn't build her company for

Alzheimer’s is a devastating disease that is growing in the United States. Sometimes referred to as the slow death, because people’s minds go while there bodies stay healthy. Dr. Dung Trinh is a world leading brain and Alzheimer's researcher who has dedicated his time studying the brain and trying to eradicate the disease. We talk about research, prevention, new treatments, and where there is and isn’t a place for marijuana. Studies have shown that medical marijuana has exciting promise for treatment of disease and also exciting investment potential. You can find Dr. Dung Trinh here: http://irvineclinical.com/healthy-brain-club/ (Healthy Brain Club) Dr. Dung Trinh on LinkedIn @iggyigette on Twitter http://tongueout.org/ (ToungueOut) Show Notes [01:17] Dr. Trinh has been a physician since 1999. He is an internist and does a lot of geriatric medicine. [01:36] After 17 years he was successful in reducing heart disease, cutting back on strokes, and helping with diabetes. His Alzheimer's patients were challen

My friend Anze Mofor is here to discuss the importance of attending a live event to help anchor your financial future. Then I discuss the 10 habits of Millionaires. Becoming a millionaire doesn’t happen by accident. There are certain things that millionaires do to help cultivate an environment that increases their wealth. I talk about these things along with how important it is to have the right knowledge, team, and a strategy to move your wealth forward.  You can find Anze here:  http://askloral.com/ (Ask Loral)  http://anzemofor.com/ (Anze Mofor)  Show Notes [03:48] How it is preferable to learn how to make money as opposed to giving someone your time for money.  [05:02] There is so much to learn about money. Laurel has been studying millionaire habits for over two decades.  [05:47] The cannabis and crypto world is going to make the dot com look like the dot bomb.  [06:44] Loral's team is very cohesive, and they all work together on your behalf. You will walk out with a money plan if you attend one of

Peter Anthony Wynn the CEO and Founder of You Will Change the World a place that connects authors and speakers to a larger infrastructure sits down with me today to talk about having a money mindset. How doing the same thing as everyone else is not the way to free yourself and make truly life changing money.   You need to think outside of the box, and be open to alternative investments and methods that make your money work for you. It’s not hard once you understand the system and have the right team in place. Find the right people and education to change your finances and your money mindset.   You can find Peter here:  https://liveoutloud.com/owsaticketsaffiliates/ (Off Wall Street Assets Workshop) http://askloral.com/ (Ask Loral) https://www.youwillchangetheworld.com/ (You Will Change the World)  Show Notes  [00:56] Peter Anthony Wynn is the CEO and founder of You Will Change the World. Where he connects authors and speakers and helps them connect to create a larger infrastructure.   [01:21] As much as

Michelle Nedelec the founder and owner of Success Therapy and the author of Business Ownership Mindset is here to talk about fostering and developing a true entrepreneurial mindset. Too many entrepreneurs start a business, but still have that employee mindset. We talk about the differences in mindsets for employees, entrepreneurs, and business owners. Running a business is not the same as buying a job. Michelle gives advice for removing yourself from your business and thinking like an owner instead of an employee.  You can find Michelle here: http://askloral.com/ (Ask Loral) http://www.successtherapy.ca/ (Success Therapy) Show Notes [01:28] Michelle's book is called the Business Ownership Mindset, because a business owner’s mindset needs to be completely different than an employee mindset.  [02:20] How many entrepreneurs still do not have the business ownership mindset.  [02:55] The first mistake a lot of people make is checking their email first thing hoping that a client has put in an order. They are

It's tax time, and I have my partner and tax expert Weldon Wulstein here to share with you everything you need to know to get the most out of your money and tax savings. A lot of people are underserved, because they don't ask their accountants the right questions. Weldon is here to share some of the questions that you should ask your accountant. A lot of people assume that the accountant will just take care of everything. That is not always the case, so you need to know these questions. Even worse, if you're doing your own taxes, you really need to know about these concepts. We also talk about incorporating and tax entities. You can find Weldon here: http://askloral.com (Ask Loral) http://www.tahoecpa.net/ (Wulstein Financial Services) https://twitter.com/wulsteincpa (Weldon Wulstein on Twitter) Show Notes [01:37] Weldon has been in the tax world since 1989. He cut his teeth in the oil and gas industry. [01:59] He moved up to Tahoe as a lifestyle choice. Using technology he converted his practice to an i

Linda Cain is an event specialist. She has been involved with presenting live events for the past 20 years. Event dynamics have shifted over the past few years. There are more coaches and transformational leaders looking for event audiences, and the Internet has been a game changer. Today, we talk about current trends when it comes to filling a room for an event and how to keep your event in the black. We talk about online methods including video series, webinars, and Facebook Live. We also talk about keeping costs down, creating a one sheet, collaborating with like minded speakers, and sharpening your speaking game. You can find Linda here: http://eventsbybludiamond.com/ (BluDiamond Event Management) https://www.linkedin.com/in/bludiamond/ (Linda on LinkedIn) Show Notes [01:10] Linda has been doing live events and corporate events for over 20 years. She started with corporate, legal, and international.  She has spent the last 12 years working in the live event industry.  [01:56] Linda and I both know h

A topic that comes up over and over when we are doing business is Canada. My husband is Canadian. There are a lot of Canadians that want to do business with us here in the US. Here to talk about doing business with Canada is Dave Hare who is a licensed CPA both in the US and Canada. Dave is a cross-border CPA. He has done corporate business both in the US and Canada. Then he decided to leave the corporate world behind and venture out on his own. He owns 5 multi unit properties and is a successful real estate investor. He recently signed a 5 million dollar deal. Daves talks about the differences between US and Canadian tax entities and cross border investing to maximize your money. You can find Dave here: DHare77@gmail.com Show Notes [01:24] Dave got his degree in Michigan. Then he worked for several years for public accounting firms. After he became a CPA, he went over to the Canadian side and work for companies like Caterpillar and Volkswagen. [02:01] Eventually, Dave decided to branch out on his own

Chris Williams is a world-class marketer and salesperson. We have known each other for years, and we both have a love of sales in common. Everybody wants more customers and that comes down to sales. Everyone looks to the marketing community for leads, but even if you get those leads they aren't going to convert unless you know how to sell. Today, we discuss the most important part of sales, and how many people are afraid of the follow-up. We also talk about Facebook sales strategies, how to have that all important sales conversation, time-blocking, some of the most important things you can do to get more sales, and more. You can find Chris here: https://twitter.com/wideawakebiz (Wide Awake Business on Twitter)Wide Awake Business WebsiteChris Williams on LinkedIn Show Notes [01:20]  Chris Williams began selling when she was nine years old and sold more Girl Scout cookies than anyone else for three years in a row. [02:02] At her young age, she understood the advantage of leveraged time and got friends and

Valentine's Day is this week. Love is in the air, and money is always in the air. World leading relationship coach Orion Talmay is here today to talk about dating tips that will make you irresistible, even as a sales person. In this episode, we are going to tie the relationship pieces and the money pieces together. Upward of 90% of divorces happen because the money and relationship conversations don’t happen. Orion is a brilliant and beautiful woman and the perfect guest to tackle this topic. You can find Orion here: https://orionsmethod.com/lovemagnet (Get Orion’s Free eBook to Attract Your Soulmate) Orion’s Method @OrionTalmay on Twitter Show Notes [01:33] Orion shares how she was in a bad relationship and completely broken. She also knew she could rise like a Phoenix and rebuild her life. She found motivation, traveled the world, and found the love of her life. [02:45] She now has the best relationship of her life. It is her passion to help other women find the same thing. [03:29] How manifesting you

Martha Hanlon is someone who I have been friends with and known for years. She is also a smart marketer and teacher. Martha and her business Wide Awake Business has helped small business owners hone in on their marketing, sales, business development, and team development. Today, we talk about understanding your customers by asking them questions and the three biggest challenges Martha’s customers have faced. We talk about the importance of freeing up time to focus on the important stuff and strategies for understanding and finding customers. We also talk about the importance of having a plan and using and understand metrics. You can find Martha here: https://www.wideawakebusiness.com (Martha's Website) https://www.facebook.com/wideawakebusiness/ (Wide Awake Business on Facebook) Show Notes [01:25] Martha has a business called Wide Awake Business where she works with small business owners to help with marketing, sales, business development and team development. [02:00] She has an MBA from Wharton and she

Joe Campbell is the Business Development Manager at Provident Trust Group. Provident is a trust company that can self-direct your IRA. When a lot of people think of self-directed IRAs, they think of a traditional IRA where you pick from a list of investment choices where your IRA is held. There is a whole other world of self-directed IRAs that you may not be aware of. At Provident, you can self-direct your IRA into alternative investment vehicles. It is possible to invest in many different types of real estate and real estate projects from raw land to development. Today we talk about alternative investment opportunities, getting started, Roth IRAs, traditional IRAs, types of 401k plans, having the right team and more. You can find Joe here: LinkedIn https://connectedinvestors.com/member/joe-campbell-1 (CI Bio) Show Notes [01:18] More traditional IRA custodians have a self-directed account which lets you choose from their products. At Provident, self-directed IRAs get you outside of Wall Street and intro

Weldon Wulstein is my CFO, CPA, and an extraordinary tax strategist. Last year, he helped people save or get back about 3 million dollars in taxes. Weldon is driven to  help people find tax strategies that enable them to keep more of their own money. He is so good at what he does, because he looks at it as a challenge similar to solving a puzzle. He is here today to talk about the new tax code. This is our first of many podcasts on this topic. This tax reform bill is sweeping and has the biggest changes since the 1986 tax reform bill. A lot of the benefits are directed towards businesses and entities. Weldon shares changes and strategies to begin creating a smart tax saving strategy. You can find Weldon here: http://askloral.com (Ask Loral) [bctt tweet="'You have to know your exit strategy. Are you looking for a 3 -5 year play, or are you planning on refinancing at some point? You have to start off with the leadership team.' Dave Hare" username="liveoutloud"] Show Notes [01:26] Weldon wants us to keep mo

Traditional families have been changing over time. Things just aren’t the same as the days of Ward and June Cleaver. Statistics show that 62% of families are either blended or headed by single parents. I am a single parent, by choice, and this choice comes with challenges and a sense of freedom. Today, I’m talking with one of my clients, Melissa Mackey, who became a single parent and asked me how to be effective and get it all done.  We discuss how no one really understands what it is like until they do it. We also talk about dealing with guilt, freedom, and allowing ourselves the space and time to do what we need to do to run our businesses and keep ourselves healthy.   Freedom will never happen if we don’t allow ourselves that space and time. In This Episode of Real Money Talks:  Practicing the art of receiving and keeping our cups full Allowing yourself space and time by not feeling guilty Traveling with babies and people offering to help Teaching our children what it takes to be fearless How not

Dave Hare is here to talk about money rules and due diligence. Dave and I do a lot of projects together, and I am going to have him on the show on a regular basis. We are also going to use our new marina in Texas as an example of how a deal gets done. But first, we are going to talk about due diligence and money rules and how the rules come about for people.   You can find Dave here: http://loralsrealmoneytalks.com/ (Loral’s Real Money Talks) http://askloral.com/ (Ask Loral)   Show Notes  [01:17] It's all about planning. These aren't deals that close in 30 days or less. These can be stressful and time consuming, and you could end up walking away from the deal. [02:10] Make sure that your investment plan is part of your money rules not part of someone else's rules. [02:53] How investing starts with money rules. [03:06] What is your exit strategy. Refinance or short term play? Begin with your leadership team. [03:33] Do you have a strong operation and finance team? Bring in someone who knows operati

Most entrepreneurs struggle with learning and doing many things at the same time. Especially, when they are just starting out. They are also usually short on time and soon learn that outsourcing and finding people who specialize in the one thing that they need is the best way to go. Still, that leaves them with the issue of finding and managing tons of different specialists. Today, I talk with a friend and colleague of mine who has developed a solution for this very problem. Alexander Ford offers a done-for-you solution where he finds, hires, and manages all the specialists for you. This solution results in cost savings. He also develops an incremental strategy so that new businesses can focus on what they need most, and in the correct order.   "A results focused strategy is more efficiently executed with a partner that implements your specific plan."     In This Episode of Real Money Talks:  Challenges of finding and hiring specialists without prior knowledge Developing an incremental strategy that

In the past, people could acquire their needs and made their trade through the barter or the exchange method. Back then, life was simple, and people’s needs were undisputedly more fundamental than the needs of this present generation. As time passed by, people changed. And with that, their needs also evolved. Today, money has undoubtedly become one of the necessities of life. It has become a need to survive. We are so accustomed to using money in our daily lives we don’t even stop to wonder where it came from or what it does.   Today on the Real Money Talks podcast, I’m going to share with you that the money available to you depends on how you make it – you can earn it as an employee, as an entrepreneur, or as both. Remember that how you make your money significantly impacts everything else – your taxes, deductions, relationships, and even the way you contribute to the community. My hope is that at the end of this episode, after knowing and understanding the banking system and money works, you will be able

The cannabis industry is one of my favorite subjects, and it will be a regular topic on this show. Ben my partner in the cannabis industry is here to talk about how he went from being a corporate guy to operating a dispensary and more in this exciting new industry. We talk about some of the requirements and licensing details along with compliance of state and local jurisdictions. We also touch on hiring the right political consultants and understanding the ins and outs of creating a business that is scalable. We also talk about  the importance of giving back and helping the community. Show Notes [01:14] Ben has been fascinated by the industry in the last five years. He didn't know anything about it, but he kept getting pitched to. [02:07] He had a negative perception about marijuana and didn't know anything about it. Then he started learning about the medicinal benefits and was introduced to some opportunities in Colorado. [02:44] His first deal was in Colorado. He was first introduced through an attorne