Real Money Talks

005 You Need a System to Become a Millionaire A lot of people overthink the process of becoming a millionaire. Many people believe that to become a millionaire, you have to be born into the millionaire society or “just got lucky.” I’m here to tell you that’s not the case! In fact, becoming a millionaire and making money is just a system. On today’s episode, I’m going to share with you my 7-point Millionaire Maker system that has helped hundreds – if not thousands – of people from all walks of life become self-made millionaires in as little as three to five years.   Take control of the wheel of your life called finance. Let’s get it going.   Loral’s 7-Point System to Becoming a Millionaire: Your relationship to money: Do you have “Yes Energy?”   Know where you are: Know your starting point Know your P&L’s and balance sheets Know your income cashflow and expenses Know your assets, liability, and net worth   Have a Freedom Day: Your Freedom Day is based on monthly cashflow Decide how

  In our last episode, we talked about what it means to have a revenue producing day. The only way to have a revenue producing day is by getting money from someone else and to do this, you must get clear on what you can do to serve someone else. As harsh as it sounds – it’s true. Once you’ve figured out what you can do to serve someone else, how do you plan to see the results you desire? You must learn to “Ask, Tell, Ask.” On today’s episode, I’m going to share with you the secret behind my “Ask, Tell, Ask,” system and the exact steps you need to take to put this system into place to have a revenue producing day – everyday!   Asking questions is more powerful than telling.    In This Episode of Real Money Talks: What is the “Ask, Tell, Ask” process and how to make it work for you. How to handle pricing reservations. If you want a “money muscle,” you have to give it attention and training so it can grow. Why you should time block your life. How to handle the standard “I don’t know” response. What

  Every day, all around the world, people constantly say “I need to make more money.” Whether they are working a full-time 9-5 job, or are working multiple jobs to make ends meet, millions of people need to make more money to live the life of their dreams. So, how can you utilize the skills you already possess to make more money, improve your financial stability while having the freedom you want and deserve? By having a revenue producing day. A revenue producing day is when you are making money every single day. If you want to grow your income by an extra $12,000 – or even $120,000 – you need to sit down, dig deep within yourself, and figure out what skills you possess that can serve your community and grow your income revenue. On today’s episode, we’re going to talk about what you can do, part-time, to add an extra stream of income to your personal finances, how to make an extra $50 to $500 a day, and what plans and systems you need to develop to help you reach your income goals in 2017.   A system is

Applying for a business entity is incredibly important – not only for your business, but also to protect you, your loved ones, and your personal assets. So, it’s important to understand what each entity does and to choose the one that best fits your business. With so many corporate entities available in the United States, many new business owners can get frustrated and confused trying to pick the right one for their business model. Should you simply stick with an LLC. – or is a C-Corp entity a better choice? What benefits are the benefits of each type of entity? And, how exactly do you use a corporate entity to protect yourself and your assets? Today, I’m going to explain the importance of establishing yourself as a business entity, how to determine which one is right for you, what each one protects, and how you can use it in your business – and your life.   Why make money as an individual when the benefit is being a company.   In this episode, you’ll learn: How to choose the correct entity for your b

One of the most critical things about running any business is search engine optimization. Proper SEO techniques are critical. They are the key to unlocking the power of the internet and getting connected with your potential customers, clients, buyers, and investors. My guest today is SEO expert Stephen Spencer. He is the author of The Art of SEO: Mastering Search Engine Optimization and he joins me today to discuss how to improve your SEO techniques, how to use content marketing as a way to boost your SEO power, and a few basic tips on ways you can improve your search engine results.   “You need links to succeed in Google.” – Stephen Spencer   In This Episode of Real Money Talks: Utilizing content marketing to improve your SEO Creating link-worthy content Organic traffic     Resources: http://www.lifehack.org/ (Life Hack) http://www.huffingtonpost.com/ (The Huffington Post) Business2Community     Connect with Stephen Spencer: The Art of SEO: Mastering Search Engine Optimization book h

Many of you have goals and dreams in life. These goals allow you to keep your focus and your eye on the prize. If your goals direct you where you desire to go, why are so many left frustrated, depressed, and settled in the status quo?    In today’s episode, I talk about specific steps you can take with a definite time plan that will help you achieve your goals. I have been doing this for two decades and have no intention of changing my ways. It has allowed me to prioritize my most important elements and activities as I move closer to my goals. It will work for you, too, as you assess your goals and understand the concept of 120-day future planning and how it would guide you to achieving your aspirations.       The commitment to the actions is in direct reflection and indication of your success.         In This Episode of Real Money Talks:   Four critical success factors and how to make them happen  Defining cascading planning and the steps you need to take to get it done  Ide

There are only two conversations in the world – the occupational conversation and the entrepreneur conversation. A typical occupational conversation involves getting a job, getting an MBA, and hoping everything works for the best for you. If you want to grow your means and invest on Wall Street, this entrepreneur conversation is perfect for you. Your conversations reflect your perception of debt. A lot of people have a negative point of view of this word merely because they are not well informed about the kinds of debt and how they can use the good type to their benefit.   In today’s episode, I talk about two kinds of debt – good debt and bad debt. I discuss how you can use good debt to your advantage and share some practical ways to do it. I also share some tips on how you can deal with your bad debt while staying wise about your financial decisions that could result in having leverage on your investments.   Good debt is debt that is leverage against assets.       In This Episode of Real Money Talks:

Years back, I co-wrote the book Guerrilla Wealth with the great marketing writer of all time, Jay Conrad Levinson. The chapters in this book are essential to what I call “going back to basics.” They have you get back to your roots as you contemplate on your current financial status, your goals, and how you can reach these objectives. Knowing these will set you up for the next level of your financial journey, which is planning to be a millionaire. In today’s episode, I discuss the next four chapters from my book that will help you learn how to be financially organized. I also share an encouraging story about the goals I set for myself and my family and the rewards that we are enjoying as I focus on my goals.     One of the biggest lessons I watch people learn over and over is that they look at a team member and say, “Oh they’re so expensive!” No, they’re not expensive. That’s an asset that’s contributing to the growth of your business and giving you the freedom that you want.       In This Episode of Real Mone

Do you want to be organized and efficient when it comes to your financial strategy and planning? You can try different methods and strategies to aim for financial organization, but without the essential foundations, you may be going around in circles and wasting your time. Here are two questions to help you assess yourself as you pursue your wealth conditioning. Are you focused on controlling, managing and minimizing? Or are you focused on expanding, creating, and generating? In today’s episode, I talk about the pinnacle of persistence for me when I landed a deal to co-write with Jay Conrad Levinson, the writer who created the greatest marketing materials of all time. This partnership led to the invitation to write The Millionaire Maker.  I also share the core basics to be financially organized. I explain on the first four principles and will tackle the next four on a separate episode. I also identified questions you ought to ask yourself as you go through each step towards wealth conditioning and, eventually

If you’re someone who wants the best for your family, I bet you’re working long and hard to keep up with the growing demands at home. The question is what do you need to sacrifice to earn enough so that you can provide the good life you wanted for your loved ones? More hours in the office means less time for family. There’s nothing wrong with working hard but did you know that being an entrepreneur is the best way to earn more and gain more?   In today’s episode, I talk about the major reasons why everyone needs to be an entrepreneur. With a wise businessman leading the country, expect more benefits and incentives for your entrepreneurial ventures. I also share how you, as a parent, can help instill an entrepreneurial mindset to your child and change your family’s generational wealth forever.     Companies get money; individuals get taxed.       In This Episode of Real Money Talks:  Reasons why you ought to convert your hobby into a business and incorporate Benefits of having a corporation Incentives of bein

Whether you’re an employee or an entrepreneur, tax deductions are part of your financial life. If you’re an employee, what are you doing regarding your tax strategy to enjoy your hard-earned money? Are you aware that being incorporated and having your company can totally change your tax plan for your benefit? Knowing the truth about having your company, how do you intend to proceed with your financial decisions this year?   In today’s episode, I talk about the advantages of having a corporate lifestyle and how this way of life will make a huge difference in your financial status and condition. This change happens once you get incorporated and grasp the enormous impact of this initiative on your life and your taxes.     Companies make money. Individuals get taxed.       In This Episode of Real Money Talks:  Different kinds of companies and corporations Reasons why having a high income is the worst kind of money One simple choice that can change your life How you as an employee can change your tax strategy  

Women entrepreneurs, at first, want to do everything by themselves. However, a different approach potentially can make you more money. Besides the tasks of being the marketing, handling the social media, and creating web design, you need the help of others so you focus on your business.   Today, I’m talking about who you should hire first when starting your business and how hiring this person can significantly impact your business - and your bottom line. I explain how an assistant helping with setting and closing appointments can be the most vital part of your business.     “Make the money you deserve by having a system of appointments in place.”     In this episode of Real Money Talks: Why a scheduler an essential part of your business Focusing on being a lead generator and promoting your business The steps to interview the best assistant for your business Developing a strategy of using a script, communicating with clients, and closing deals       Subscribe, Rate & Share Real Money Talks! Loral Langeme

Getting your product out there is a matter of knowing how to fulfill the gap. Today, I’m talking about the steps of product fulfillment to generate more profit for your business. In product fulfillment, you need print on demand, shipping, and development and many of these steps overlap.   As with any product fulfillment, you need to concentrate on the management, development, and organization of your product. With the new wave of Amazon self-publishing, you can easily print and sell your digital goods in a matter of weeks.     “Product fulfillment is going to help you make more money if you do it properly.”     In this episode of Real Money Talks: Consider the ways to sell your product by print on demand, shipping, and development Explore print on demand to get your product quicker and easier than house publishing Strategies to develop your product to set it into gear with smooth delivery Think about pre-selling your idea first then develop your webinar production       Subscribe, Rate & Share Real Mone

Does everything need to be perfect in order to make good money? Of course not. In fact, it can lead to less money, and even burnout. Today I’m discussing how perfection leads to poverty and why trying to have every aspect of your business perfect should not be your ultimate goal.   Perfection is not the ideal goal you want for your business. When I started to craft my book, I went through numerous steps to make it happen. However, none of them were perfect. You need to collaborate, trust yourself, and go for it.      “If you want to make a lot of money, go for it and trust yourself.”       In this episode of Real Money Talks:   Your business goal will happen with effort and a positive mindset Finding ways to put your plan of activities in motion through collaboration and trust Considering yourself as a flexible entrepreneur with problem-solving skills on-the-go Trusting your content is great instead of trying to be perfect         Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a missio

Offering a digital magazine to your audience reaches more than readers and gives you the benefit of making money. Investing in an adequate campaign of online publishing provides you the opportunity to attract advertisers and providers.   Today, I’m discussing the ways to make money with your digital magazine. Millennials and Gen X populations prefer reading online more than print, so why not invest in appealing content to generate more advertisers and business partners?     “Digital magazine is extraordinary; it allows you to reach advertisers and providers.”       In this episode of Real Money Talks: How to use an easy-to-access app that encourages your audience to read your magazine Asking previous clients to contribute content to your magazine Providing excellent photos, a great bio, and a landing page with opt-in to build your database Developing ways to increase readers by offering interviews of expert opinions         Subscribe, Rate & Share Real Money Talks! Loral Langemeier is on a mission - to

Having a mentor or coach is part of the path to success. Everyone from athletes to musicians use mentors to help guide them. Once you are clear about what you want, you need to pay attention to who you listen to. You don’t want to fall prey to a bunch of hype or script readers. Choosing a mentor should be based on knowing where you want to be and then finding someone who is a step above that. Aiming high will motivate you and hopefully push you beyond that level. Decide on the outcomes you want, then get out of your own way and allow yourself to be helped.   "Don’t buy the brand, buy the human connection. If you can’t get it, then just walk." – Loral Langemeier   In This Episode of Real Money Talks:  The importance of having a mentor or coach for success Picking a mentor that you want to be like Being clear about what you want and ready to change your life Paying attention to the human connection and accessibility Getting out of your own way and allowing yourself to be helped   Subscribe, Rate & Share R

Co-working spaces are gaining in popularity as the younger generation, particularly millennials, want a lighter, more convenient option. They are moving away from the concept of bigger and more. They don’t want to be burdened with all of the stuff that comes with a big home and a big corporate office. They want the convenience of working when and where they want while still having the services and amenities they need. On today’s episode, I’m going to discuss what a co-working space is and the advantages that many millennial entrepreneurs enjoy by working in a co-op setting.   "The millennials just want a place they can go to and work. They don't want to be bogged down with a lot of stuff." – Loral Langemeier   In This Episode of Real Money Talks:  How coworking spaces are the future of work. Amenities and advantages of using a co-working space How millennials want easier access and less stuff Advantages of having a Nevada address and lease Fun aspects of co-working including coffee, wine, networking and coll

Having a business strategy can be the difference between running a profitable business and having to close the doors. Do you have a business strategy? What is your strategy for this year? If you don't have a clearly defined strategy, it is something worth spending time thinking about. Do you have what Jim Collins refers to as a BHAG or big hairy audacious goal for your business this year? Today, I talk about the difference between having a strategy and tactics. A strategy is a big plan and goal for your business and the tactics are the little things that get you there. I also talk about having a measurable strategy. If you can't measure it and quantify it, there is no way to know if it is working. I also talk about stepping into the future and embracing different channels and technology instead of just doing the same thing over and over.    "Think about what you are doing, what you are attached to, and how it can be different."     In This Episode of Real Money Talks:  Importance of business strategy and big

Are you an investor who’s looking for new ways to invest your money? Do you want to be known as one of the wise investors and not merely someone who makes money because of your high income? Do you want to know about the trend that is going to astound traditional banking and investment players? In today’s episode, I talk about a way to make money and invest it with a team. This method is called equity crowdfunding. I explain the difference between donor crowdfunding and equity crowdfunding. I also explain what makes equity crowdfunding so attractive to investors and how it minimizes risks to investors through blended returns.     In real estate, equity crowdfunding is a way that consumers get to get to another consumer and not go through the financial institutes.     In This Episode of Real Money Talks:  Defining what a donor crowdfunding platform is Explaining equity crowdfunding List of some companies who do equity crowdfunding The big debate in the investors’ community about crowdfunding Reasons why being

What comes to your mind when you hear the word “cannabis”? Some associate it with words such as “prohibited” and “unlawful,” while others choose to look at the positive medical effects that this plant brings. Aside from what others claim as favorable medical results that cannabis produces, there are those who see this as a gold rush to the finish line.   In today’s episode, I talk about a very contentious conversation and a controversial investment about the cannabis business and share matters that would require an enormous amount of work in the marijuana industry should the legalization of this plant be approved in 2020. I discuss some questions that should be addressed in making marijuana legal concerning the legal side, ethical standpoint, and business outlook.     Tending plants is one thing. Nurturing an enterprise so that it can thrive, especially with the risk factors of the product and the business is an interesting and very critically untapped documented business.     In This Episode of Real Money Ta