How to Recover Financially After Coronavirus Pandemic

We have been in a, pandemic, situation for over 15 months now. Many of you who are reading this blog, have experienced some, personal finance, problems. We know that Amazon, Walmart, Google and all those big brands actually made millions of dollars and were very profitable during this, pandemic.

But, it is a fact that ordinary people like you and me had some struggles. Financial planner, Michelle Arpin Begina is going to share with us how to change our, money mindset, by paying attention to your, money story. Your, money story, shows up in good times and bad times. So, keep reading to understand how your, money mindset, affected whether you thrived in this, pandemic, or just survived.

Listen to the full interview:

Your Money Story

This is the time to really get curious and ask yourself, What is my, money story? Go back and trace the roots of your, money story, and experiences?

Similarly, ask yourself as an adult, What did I hear growing up about, money? What did I take away from the big financial moments of my life? What were some of the behaviors that I observed from other people or my parents, that influence my, personal finance, now?

Did you become a consumer or did you become a miser?
Did your parents tell you all the time ” Money does not grow on trees”
or ‘Money is the root of all evil”

Those messages are a part of my, money story.

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Your Parents Money Story

Michelle: I remember growing up watching my parents and saying to myself two things:

If only they could get their, personal finance, act together, because they had all the ingredients to have everything they wanted. We all have it within us.
The second thing I said was: this is not going to be me. But, as it turned out. When I first got started out, I started following their footsteps.

Myrna: Oh! You became a, consumer, too?

Michelle: I did! I bought the new car when I was 19, while I was paying my own tuition and rent. So, I lived with that feeling of financial insecurity. I kept it going with, personal finance, problems well into my 30s and then I turned it around.

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How to Thrive after the Coronavirus Pandemic

Myrna: What is the, personal finance, lesson that you want to share with us, that can help the people who are barely surviving?

Michelle: I can say that it’s not just about the, consumers, and the savers, but there’s probably more depth to thriving than that. We have to go into some biology.

Myrna: So, let’s take a deep dive into biology of the, money mindset.

Michelle: Alright! We’ve got to cut slack for the, consumers, and the savers. Putting away money for a rainy day, could turn someone into a tight wad, where they are not enjoying their, money. There are so many different translations that can happen from what we take in as a child and that forms our, money story.

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Become friends with your future self.

Let’s talk about flourishing for a second. We are hardwired to live in the moment, because we are psychologically distant from Michelle 10.0.

We are not friends with our future self. Michelle 10.0 or Myrna 10.0, is not our relative. We don’t feel this connection with her today, so we can’t help it. This is who we are as people, this is our biology. It’s very difficult to handle, money, outside of what our needs or wishes or even impulses are in the moment.

What we need to do is recognize this. When the 401K rep comes in, when you don’t have two dimes to rub together and say if you put away the maximum amount in this account, you’ll be a billionaire by the time you’re 65. When you were 22, it’s going to go in one ear and out the other. You tell the 401K rep, I can’t even afford lunch! A 22 year old has no relationship with her 65 year old self.

Myrna: You hit the nail right in the head. I was just saying that people can’t save because they have no extras to save.

Most of us have more month than, money!

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Transform Your Money Story to protect your future

Michelle: What we can do to help ourselves and transform our, money story, is to literally create a relationship with your future self. The closer we feel to that person, as if they were really alive today and is our friend, the more that we’re going to act in their best interests.

There are so many new little things that we have to accomplish in the day-to-day details to get us to that overarching goal. So, when we’re in the moment of the impulses or just choosing between two different things, and we want to maintain, self-control. What actually helps is to create distance in the moment. When we talk to ourselves in the third person, it actually helps us to control our behavior in the moment.

Myrna: I get it like saying

“Myrna would never do that, Myrna is going to do is make the choice that is going to really help her in the future.”

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What the Pandemic taught us about our money story

Myrna: Let’s get back to the, pandemic. What has the, global pandemic, taught us about, money?

Maybe you’re going to be a little different because, money, is your work, and you study it. Did you learn anything new about yourself and your, money beliefs, during the, pandemic, what do you think the global lesson was for us?

Michelle: I‘m a little afraid to answer this question.

Myrna: Let’s talk. It’s just your opinion.

Michelle: What I‘ve learned during this, pandemic, is a little embarrassing to say out loud is “I learned a whole lot more about our systems and just how differently everybody is impacted, was the biggest thing that I witnessed.

Heartbreaking really in many ways and I‘ve discovered is that our systems were not designed to take care of people. Our systems were designed for the efficient management of accounts to obey the laws, rules and regulations. Many people had no, money, in the Bank because they didn’t see the need to save or to put something away for the rainy day. This, pandemic, exposed that flaw.

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The Pandemic changed our money story

Myrna: Do you think that our values have changed, now that the, pandemic, highlighted our, money mindset?

Michelle: That’s basically what I was trying to get to as far as, money mindset, and the fallout from our, money story. Maybe their, money mindset, was that “you get it”, “you spend it” that kind of thinking. I like to think – I mean it’s hard to know on a such a broad level whether it has or hasn’t, but I think for someone who was probably scared to their core, there will be a change to their, money mindset.

If they lost jobs or clients,
Were not able to continue to work or couldn’t pay their rent or mortgage. Their, money mindset, will shift to saving for a rainy day.

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We’ve heard so many different things happened. The income that I was relying on to make my month is evaporated or it’s down etc., but to me, it really is that, fight or flight, or life or death kind of an experience. On the other hand, we may want to totally push that out of our mind because it was such an awful experience.

I think for a lot of people who maybe saw, for the first time, at their own hand, how perilous their situation could become. I think those people have probably changed their, money mindset.

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What’s your success formula to change money mindset

Myrna: Great!!! You’re a financial planner. Do you want to share your, success formula, or how you help your clients to develop a relationship with their future self and change their, money mindset?

Michelle: What a, financial planner, does is to help you with, personal finance such as:

Plan for the rainy day,
Put away for retirement,
Save to buy a house,
You plan for vacations.

Myrna: That’s what you guys do, right? I understand you have a, success formula, can you share that? Like thinking about what resources did you bring to the table not just with, personal finance, but who did you know, what did you know etc..

Michelle: The, success formula, can be called your superpowers. We use the word “superpower” so much, but what part of you is special and unique? What do you bring to the table in every single one of your successes? We use that information to develop hope, optimism and resiliency.

What superpowers did you use to pull those things in when times when facing difficulty or you faced a challenge. How did you react when there was an upside surprise?

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All of those traits that I just described, in whatever way someone uses them, it’s so cool. I mean we’ve all got a special factor that’s so different from one another. If you just look at your own and you start picking it apart, you can see how I can pull on this thread when it comes to my money.

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Your money superpowers is your success formula

It’s about figuring out what’s effective so that’s like the part of the expanded version of, personal finance. Financial Literacy, is what I would call it which is really kind of recognizing that we have a psychology and biology around in our brains and body around our, money. It’s not just understanding markets or investing or good sound, financial planning, or, risk management, or all of those things which are important, but it’s about your strengths.

Looking at the big picture and understanding someone’s background, who they are and are not with their, money, what their wishes are, what their values are, of course what the, money, is and then really digging into some of their, money mindset, about what makes them.

Myrna: So, that’s the, success formula.

Michelle: Yes, we use what makes you successful in other areas of your life and use the common thread to help you to be successful with your, money.

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The success formula challenge

Myrna: I understand that you have a website or a challenge to help the readers and those watching on TV. That would help them develop their, success formula. You want to talk about that?

Michelle: The best place for people to find me is my website, which is www.michelleab.com. Right on the home page is my, success formula, guide which anyone can download. Other channels that people can as well reach me or connect with me are on LinkedIn,

You can watch the full interview on the Transform Your Mind Podcast YouTube channel.

Also you can tune in at six o’clock Est every Sunday for our Preach the Word Network Television broadcast and of course you can listen in the radio WDJY 99.1 FM Wednesdays at 5p.m.

Myrna: Thanks again Michelle. Thanks everyone for tuning in and until next time, blessings.

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Additional Resources

Understanding the Rules of Economics and Money

Is True Wealth Financial Freedom?

May 4, 2021May 8, 2021

Real Estate Investing with No Money

Real estate investor, Trainer Trevor Evans, teaches, how to invest in real estate with No Money. Trevor teaches, how to get funding for your deals, fix and flip, your, investment properties, and, how to flip a house.

Watch the YouTube video to learn how to Invest in Real Estate from a, Rich Dad, real estate investor.

What you will learn about Real Estate Investing in this motivational video:

1. What are some strategies to purchase property for your, real estate investing, business with little or no cash?

There are several way to do this. You can max out your credit cards, you can set up a lease to own deal, you can get seller financing.

2. What does, Hard money lenders, look for in a good deal?

They look for the ROI or return on investment

3. How do you make your deal attractive to a, Hard money lender?

Show that the resale value is at least 40% higher that the investment.

Strategies using other people’s money to fund your, real estate investments:

1. Using your credit cards to fund your deals. The more credit you have the better off you are!

2. Hard money Lenders, Hard money lenders, look at the asset and not at your credit score.

3. Borrow money from friends and family. You convert them into, Hard Money lenders, and pay them a good interest rate to start your, house flipping, business.

4. Borrow from your Whole Life Insurance policy.

2. Take a loan from your 401K.

3. Take out an Equity line of credit on your personal house.

The commonly used strategy in, real estate investing, is the use of a, Hard Money Lender.

You need a, Hard money lender, for your, real estate investing, business. A money lender does not look at your credit, what does he look for?

1. Your expertise. Most, Hard money lenders, want you to have three investments under your name. This does not include your personal residence.

2. The ARV or after repair value. The property must have equity before the deal is made.

3. How did the property come on the market. Eg is it a Foreclosure, short sale or probate.

4. What is your, exit strategy? Is your, exit strategy, to, buy and hold, or, fix and flip?

5. How long you need to complete rehab work.

6. How much is the estimated cost of repairs.

Hard Money Lender do not offer 100% Financing

Make no mistake, hard money lenders, need borrowers to deploy their capital and get a return on investment for their capital partners. They often enjoy repeat business, real estate investing, aren’t typically one-time borrowers, so asset-based lenders like, hard money lenders, or, private money lenders, value the business relationships they develop with quality borrowers.

Real estate investing, with no money down or little or no cash is to borrow from, Hard money lenders, who charge high interest for short term loans. When, hard money lenders, provide a loan, they want to be confident that the, borrower, is able to repay the loan on time. If the, borrower, isn’t able to pay back the loan, this creates a great deal of extra work, stress and potential financial loss for the lender. A strong, borrower, with a significant down payment (or equity in the property) and cash reserves has the best chance of obtaining a, hard money loan, and succeeding with their, real estate, project.

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Additional Resources

How to Create the Freedom Lifestyle through Real Estate Investments.

How to Build Wealth with Turnkey Real Estate Investing

March 9, 2021March 18, 2021

Real Estate Investing: Are Rental Properties worth the Admiration?

Real Estate Investing, in Rental properties gets a lot of admiration because of, passive income. Usually there is positive cash flow in, rental properties.

Joke of the day Rental properties

A young woman, pursuing a graduate degree in art history, was going to Italy to study the country’s greatest works of art.
Since there was no one to look after her grandmother while she was away, she took the old lady with her.
At the Sistine Chapel in the Vatican, she pointed to the painting on the ceiling. ‘Grandma, it took Michelangelo a full four years to get that ceiling painted.’
‘Oh my, ‘the grandmother says.
‘He and I must have the same landlord!’

A few weeks ago I interviewed my co host Trevor Evans on the topic “The path to Financial Freedom” We received such an overwhelming response to that topic that I decided to have a spin off on, Real Estate Investing. This is episode #2 in the series: Real estate investing, “Funding, Fixing and Flipping. Is Owning, rental properties, worth the headache?

As a realtor for over 17 years, investing in, rental properties, has been my space up to this point. I own several rental properties and I also manage several rental properties.

My co-host for this podcast is Trevor Evans: Speaker/Trainer for Legacy Education Alliance and Rich Dad Education. Trevor is also an Entrepreneur, Real Estate Investor. Banker and Founder of Personal Awakening Brand “Being Normal Sucks.”

I met Trevor earlier in the year when I attended a Get Motivated Seminar and signed up for a 3 day, real estate investing, seminar. I met my co host Trevor Evans at this program and let’s say his vast knowledge on the subject of, real estate investing, and, real estate, opened my mind to new opportunities.

I didn’t know what I didn’t know!

His knowledge base was extensive. I immediately enrolled in the Legacy Education Alliance, investing in real estate, training program.

Real Estate tip of the week

What is your best choice as a, real estate investment? From the book “Your money and how to keep it by Brian Costello”

Real Estate, will be a natural choice for many as an, real estate investment, vehicle. Generally, real estate, can be counted on to rise in value over a period of time. If you want short term investments, you can use short term investment vehicles like treasury bills. Other options are gold, commodities and the options market. Small investors are now also switching to Mutual funds because they offer a great deal of flexibility, and they can be cashed in at any time.
So, the best investment choice depends on your country laws as it relates to Capital Gains tax vs interest tax. In the USA and Canada, interest is taxable while you can make a lot of money tax free with capital gains.

Todays episode of Fund, Fix and Flip is sponsored by, Myrna Young Realtor

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“Is Owning Rental properties worth the headache?” Show notes:

What are investors doing that is causing the headache?

Not properly screening the tenant.
Most investors are stressed to put a tenant into, rental properties, because it costs to have a vacant property.
That is the underlying reason that they short the screening process or decide to take a risk with a tenant. But it costs more to have the tenant removed and evicted, so the pain of a bad tenant lingers for a long time.
Not understanding the renters mindset
A renter does not have an owners mindset to take care of a property.
The environment the rental is living in determines the mindset of the tenant. If you have a tenant in a single family home that is costing over $1500 per month. That tenant has an owner’s mindset and would usually take care of the, rental property, as his own because he or she is probably an executive and is not renting because they can’t afford to buy.
Know your tenant
That allows you to skip inappropriate steps.
Understanding the positive cash flow cycle
Buy only properties that need remodeling instead of renovations
Setting up warranty or replacement work directly with local scratch and dent shops
Paying a flat fee to a Property Management company

Additional resources

Some resources for Real Estate Investors:
BiggerPockets: The Real Estate Investing Social Network. There are many free articles and forum threads all for free on how to get started in real estate investing.

https://www.mashvisor.com Use analytics to ﬁnd lucrative traditional or Airbnb properties in a matter of minutes.

https://myhelpsrealestateinvestments.com/ – list of off market properties at discounted prices in Fort Myers, Fl and West Palm beach, Florida

March 2, 2021March 18, 2021

Is True Wealth Financial Freedom?

The path to, financial freedom, comes from the quality of our lives. This is, true wealth.
True wealth, does not depend on how much we accumulate, save, or spend our money.

True wealth, comes from who we are on the inside, and not by what we do, or what we have.

We cannot measure our self-worth by our net worth!

The first step to, financial freedom, is to make the mental shift, that your world in here, will be reflective of your world out there.

This week on Mindset Transformation radio, I interview Trevor Evans, teacher/trainer in real estate investments.

Here is a tip of the week Financial Freedom:

There are 2 types of people in regards to, wealth, one who is magnetized and full of confidence and know his potential, and the other is demagnetized and full of fear and doubt, and he tells himself I will fail, I could lose my money, people will talk about me behind my back etc. So, he does nothing. He takes no risks!

As you have probably figured out, the demagnetized man will never get very far.
I love the parable Jesus told about the man who was going on a long trip. He called his servants and entrusted his money to them while he was gone.
He gave 5 bags of silver to one, two bags of silver to another, and one bag of silver to the last.
The servant who received the five bags of silver began to invest the money and earned five more. The servant with two bags of silver also invested and earned two more; but the servant who received one bag, dug a hole in the ground and hid the master’s money.
When the master returned, he was full of praise for the two servants who invested his money and increased it; but the servant who gave him his money back with no increase he called “wicked and lazy.”
The moral of the story is the path to, financial freedom, is investing what you have to earn more. Let your money work for you. Also it show those who use well what they are given, even more will be given to them; but those who take no risks and do nothing, even what little they have will be taken away.

There are 3 honest ways to financial freedom.

The first is to work for it. The common consensus is that with a few exceptions you can never become, wealthy, working for someone else.
The second way is to inherit it. For most of us, inheritance is not a sure bet.
The third way to, financial freedom, and the most powerful way, is to invest it. Let your money work for you. Compound interest, is one of the most powerful tools in the accumulation of, wealth. Let it work for you. Do you know if you put $2000 in your 401k at 21 years old and let it grow with an annual compound interest of 10%; at age 65 it would have grown to over $1,000,000?

I love this article from Inc.com

Financial freedom in America

Nassim Taleb said, “The three most harmful addictions are heroine, carbohydrates, and a monthly salary.” But salaries, fed through cubicle farms, are worse than addiction: salaries are slavery. While starting a company may emancipate you from salary slavery, most founders are enslaved to their startups — trading family time, personal health, and happiness for late nights, long commutes, and stress. So where’s this, financial freedom, in the Land of the Free?

This week on Mindset Transformation radio w/ coach Myrna and podcast, I interview Trevor Evans, Speaker/Trainer. Trevor is going to talk about the mindset of an investor, what you need to do to think like an investor and not an employee as well as some foundational tools of real estate investing.

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Show notes Financial Freedom:

• Topic: What is, True Wealth: The Path to, Financial Freedom
1. Question 1: Tell us of your path to becoming a Speaker/Trainer for Legacy Education Alliance and Rich Dad Education.
2. Question 2: Before you become an investor, what mindset shifts must you overcome?
3. What I love about the Legacy training is that it focuses on understanding the market and how to use money and not just on the brick and mortar of Real Estate investing. It covers using credit card as an asset instead of a liability. So that is the first mindset shift I think we should discuss.
4. What is the second mindset shift you think is important to acquiring, wealth?
5. If someone listening to this show wants to start investing in, real estate, what advice would you give them and where should they start.
6. When I took your class, you spent the first 2 hours totally letting us wait for the information you know we all wanted to hear but you spent time teaching about Abraham Hicks vortex and frequency. Why was that important?

If you found this content inspirational follow coach Myrna
Facebook @ https://www.facebook.com/MyhelpsInc/
Instagram @ https://www.instagram.com/myhelps/
Twitter @ https://twitter.com/myrna_morris
web: www.myrnayounghelps.com
Also please subscribe to my iTunes podcast and leave a review.
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Additional Resources

Is Starting A Real Estate Investment LLC A Good Idea?

February 20, 2021February 23, 2021

How to Get Started with Wholesaling

Wholesaling, is often marketed as a low-to-no cost way of getting into real estate investing and this can be true. A new, wholesaler, can certainly profit with a much lower initial cash outlay than a, real estate investor, who has to buy a property and rehab it.

In, wholesaling real estate, a real estate, wholesaler, contracts with a home seller, markets the home to his potential buyers, and assigns the contract to the buyer. The, wholesaler, makes a profit, which is the difference between the contracted price with the seller and the amount paid by the buyer.

What Exactly is Wholesaling Real Estate?

Wholesaling, is often marketed as a low-to-no cost way of getting into, real estate investing. However, the successful, wholesaler, has to have a firm grasp of what makes for an attractive deal – once you understand this process of , wholesaling, it becomes much easier and can be broken down into a serious of repeatable steps.

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How to Build Wealth with Turnkey Real Estate Investing

My co-host today on this podcast is Trevor Evans.
Trevor is a Professional Speaker, Real Estate Investor, Retail Store Owner.
Speaker/Trainer for Rich Dad Education and Founder of Personal Awakening brand “Being Normal Sucks.” Trevor has also been married for 19 years and have 2 beautiful daughters ages 22 and 18.

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Show Notes:

How to get started with real estate wholesaling

Investors ready to learn how to start, wholesaling houses, will be happy to know the process is not complicated. Here are a few simple steps to get started, real estate wholesaling:

Research your local market before getting started.
Find a realtor with off market discounted properties.
Secure a financing source that works best for you. This is usually a Hard Money Lender.
Begin searching for potential, wholesaling, properties by driving for dollars.
Decide whether to sell the contract or assign the contract.

What is a step by step plan to becoming a Real Estate Wholesaler?

Step 1: Create a Database of buyers:

Contact local Rehabbers and Contractors and ask them what kind of properties they are looking for to rehab.
You can find them at your local Chamber of Commerce or your local REIA

Ask them these questions.
1. What kind of properties are they currently rehabbing?
2. Type of properties they like to work with Eg. Single family or multi family?
3. What are they certified to work on? Eg. Are they certified to work on burn down or water damaged properties?

Step 2: Put an AD on Craigslist
Ask the following questions when you get responses to your AD
1. Is the property listed with a Realtor?
2. Are you speaking with the owner of the property?
3. Is the property in, Foreclosure, probate, bank owned, or free and clear
4. Does the property need rehab? If so what is the estimated cost of repair.

Step 3: Put together your power team which includes your Title and Escrow Agent.
If you structure your deals properly, you could use one escrow deposit for 10 properties!

In our first episode you talk about process. You said that setting up a process prevents failure.
What is the process for the real estate Wholesaler?

Wholesaler Website: do you need one

My friends at Connected Investors wrote this article on Getting started with, real estate Wholesaling.

Wholesaling, is often touted as the easiest entry point into the world of, investing in real estate. And financially speaking the barriers to entry are generally a lot lower, especially when compared to fix and flipping or buy and hold investing. Many experienced, professional investors have door-knocked and bandit-signed their way up the REI ladder without having more than a cell phone, gas money, and the will to WIN. read more …

• If you found this blog post inspiring, please Subscribe, Rate and Review this Podcast, then send me an email to info@myhelps.us with the subject line “podcast review” and I send you a free gift.

Free eBook: Wholesale Plan of Action Cheat Sheet

This cheat sheet was created by Connected Investors and goes into further detail on the Wholesaling steps.

Additional Resources

Is Starting A Real Estate Investment LLC A Good Idea?

How to Build Multiple Passive Income Streams

November 2, 2020November 3, 2020

How to Use Meditations to Activate the Law of Attraction Money

Using Meditation Law of Attraction Money

As I did all these different, meditations, what happened to me was I was able to release out of my body and mind, all this inner turmoil and activate the, law of attraction money. I found my creativity, love and the wisdom that we all have within us. It was hugely successful to say the least that I found those, meditations.~Pragito Dove

Listen to the full interview here:

Myrna – Tell us your journey to becoming an author, hypnotherapist and coach?

Pragito Dove is an internationally recognized Author, Hypnotherapist, Coach and Speaker with over 20 years’ experience. Pragito helps entrepreneurs, leaders, and CEO’s align their mindset to allow more peace, time and financial freedom. She shows you how to change your money blueprint, recondition your mind for automatic abundance, and use Spiritual Laws of Attraction to create real world success.

Pragito – It didn’t start off so great. I could tell you I had a very challenging childhood. I had a cruel mother and my father didn’t protect me. I just adored my father; but he was not in his power. He didn’t stand up for himself and didn’t stand up for me, so basically I got trodden all over by my mother. I was actually terrified of her; so what I did to cope was to shut down my heart and live in my head.

I had a lot of fear, I had a lot of anger and pain in my heart. I realized even as a young child that I was just going to have to sort of stick it out so to speak until I got old enough to do something about it.

In my early 20s, I heard about this Zen master called Osho in India. He had a wide range of, meditation techniques, including expressive, meditation. I started doing these, meditations, because I really needed to release all those turbulent emotions that I’d stuffed down; because they were clearly not helping me attract the life I wanted.

How to Clear Your Money Blocks and Build Wealth

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There are several, Meditation Techniques

I travelled to India with my son was 14 months old and studied with Osho. Let me tell you, they worked.

There was a laughter, meditation to activate the, law of attraction money
A fearless, meditation, for crying and releasing
There was a dancing, meditation, for joy
A gibberish, meditation, to just get out all the junk
Also a dynamic, meditation, great for dumping out anger and
A humming, meditation.

As I did all these different, meditations, what happened to me was I was able to release out of my body mind, all this inner turmoil and found inner peace. I found my creativity, love and the wisdom that we all have within us. It was hugely successful to say the least that I found those, meditations.

Myrna – How many years did that take you to release all the hurt?

Pragito – Well, it was a process.

It was just an unbelievable transformation that happened to me. I saw how it was possible for me, so I trained to teach all these, meditations, to others as well. I realized I could create a business and help others use the, law of attraction money, and that’s become my mission.

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Hypnotherapy vs Meditation

Myrna – What exactly is, hypnotherapy, and how is it different from, meditation?

Pragito – Well, what I do with the, hypnotherapy, is I take people on a guided journey deep into their subconscious mind (because that is where the solutions to the problem lay).

Now, if we take, money, let’s say someone is always broke or use his/her credit cards and pay off the credit card; but then goes back in the same cycle. That was me actually. I would pay off the credit card and then it’d be back on the credit cards again. Always getting to the same place like an inner ceiling and not being able to get past that.

What we can do in the, hypnotherapy, session is go to the root of the problem and find out what is going on with their, law of attraction money, what they learned about, money as a child.

Myrna – My last interview, we discussed, money blocks. I don’t want to do too much into that because I had a whole episode on, money blocks; but would that be considered another, money block, or is there a different word for this particular blueprint like, law of attraction money?

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Using Hypnotherapy to remove Money Blocks

Pragito – The, money block, is what’s blocking you. The blueprint is your beliefs and what’s guiding you. Like a blueprint for a construction project, you’re told this is the way life is and you believe it because that’s what you’re told.

I have to tell you something very interesting. I’ve been doing, hypnotherapy, for over 23 years. It’s not about, making money, at all. It’s about love. It’s about deserving, a lot of us believe I am not deserving, I am not worthy. Another way, ‘I’m not enough, I don’t deserve wealth.

Myrna – I agree, Michelle Obama in her book – “Becoming”, talked about not being enough a lot. Even when she was first lady and even when she was a lawyer and successful; because she started off in the poor parts of Chicago, she felt she wasn’t enough and she felt that she didn’t deserve it.

As a hypnotherapist, what kind of work do you do to remove that, money block, blueprint and activate the, law of attraction money?

How to Accelerate Your Soul Journey: Clear these Money Blocks

Pragito – Your, money, blueprint is sometimes formed in the womb! The child can learn that the mother doesn’t want it or maybe the father doesn’t want it, because it’s all energy. We’re all transmitting energy all the time and then the child arrives. So I take my clients into a more relaxed state; but not going out. They’re still present and I ask the wisdom of their body, the wisdom of their heart and their higher self to bring forward for us the, money block.

Pragito – The good thing about, hypnotherapy, is because you’re working at the root, when we’ve healed everything, it never ever comes back.

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How does the, Law of Attraction Money, work

Myrna – Why is it important for an entrepreneur to understand how the, Law of Attraction money, works and to invest in themselves? Do they have to start by being in a, hypnotherapy, session for them to understand their, money, blueprint?

Pragito – Well it’s just that the, hypnotherapy, can help to make it all go quicker. That’s what the, hypnotherapy, can help with; but the place to start is with the awareness. It’s a three-step process.

The first step is “Ask for what you want”. However, you have to be clear, you need clarity on what you want.
Then you have to focus on what you want and activate the, law of attraction money. You have to focus on it and let people know you want it. Get pictures of what you want. One tip I give is, Do not ask for, money, because the universe doesn’t really understand what you mean by, money. Do you want a bag of, money, to fall on your head one day? Is that what you want? It’s much more powerful to ask what you want the, money, to buy. For instance, I want a Lexus car or I want to go on a cruise.
Step 3 is “allowing” This is the most difficult step and it’s a step where most people fall down. You have to allow what you want to come to you. This is where the, meditation, is helpful. One of the, meditation techniques I teach with, meditation, is learning to witness the mind. You learn to misidentify from the mind, because the thoughts of the mind actually are not real. They are like shadows, like when you walk down the street on a sunny day and you can see your shadow, that’s what thoughts are. They’re like shadows, they are not real and they’re often not true. The mind says things like “you can never have a Lexus, you’re broke.”

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What you learn to do with the, meditation, work is to observe, witness or watch the mind. Learning to misidentify from it so that you don’t get caught up in believing what the mind is saying and you can just relax and say “thank you mind,” and just let the thoughts pass-by.

Those are the five magic words for the mind. Let the mind pass-by, just let it pass-by.

TuneIn Radio

Myrna – That reminded me I used to work with automatic negative thoughts and when I would hear the mind telling me something, I would talk back to it, because it keeps repeating all the time and then you talk back to it – I would say you better stop.

Pragito – Yes that’s good, that’s right. You better cut that out.

Good Vibes activate the, Law of Attraction Money

If we look at the, Law of Attraction money, on a scale of one to ten, one being our most negative vibes and ten being our most positive vibe, All the, law of attraction money, does is it matches. It’s a one trick pony, that’s all. It doesn’t care who you are or what you want. If you’re some famous Hollywood actor or a rickshaw driver in Calcutta, it doesn’t care.

All it does is match your energy. We really need to pay attention to our emotional state which is in the subconscious. With 95% of our thoughts being in the subconscious, if we transmit anger, guess what we get back, anger. If we’re transmitting fear, that’s what we get back. So we have to pay attention to our vibes. Our only job is to keep our vibes positive.

There are many ways to do that and one of my favorite ways is the laughter, meditation. Well I do that a lot. That’s good and fantastic, because laughter really helps to keep your high vibes and then you’re in your positive energy which is the, law of attraction money, state. At this point, your possibility of attracting, money, is very high.

Whereas when you’re in a negative state, of course it becomes very low. The most important thing is to be aware of your emotional state. We want to be aware of the thoughts of the mind; but that’s only about five percent of it. It’s the emotional state that is the most powerful and so here’s another tip if you really want something and you need, money, to buy.

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How to Ask for the, Money, you want

Let’s say you’ve got this really dinged up old car to take your kids to school and you need a decent car. So you say to the universe “look I really need a good car and you say it with a lot of emotion and with a lot of energy. “I really need a really good car”. Your chances of getting what you want go up astronomically when you put emotion behind it.

But if you just say “well I’d like to have a Lexus, it’s on my list but I don’t care. There’s no real emotion behind it, then you’re not going to get a Lexus. You might still attract it, but you won’t get it as quickly as someone who’s very passionate about what they want and puts a lot of feeling into asking for it.

Meditation, for Peace, Prosperity and Passion

Myrna – Let’s talk about your book now. Your book is called “Lunchtime Enlightenment: Expressive Meditations for Manifesting Peace, Prosperity and Passion.” Now, tell us about your book. Is it working under the same foundations that we’re talking about? We started with, meditation, and, hypnotherapy, then talked about the, law of attraction money, and prosperity.

Pragito – The, meditations, are for manifesting peace, prosperity and passion. Meditation, is being in the present moment and, meditation techniques, are important. The, meditation techniques, are there to help us and remind us to be in the present moment. Why do we want to be in the present moment? Because first of all we’re aware of our feeling state, the feelings are always in the present moment and when we have that present moment awareness, we have the power of choice.

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We can choose. If we find our vibes are down, then we could say, I need to watch a funny video or comedy’. ‘I need to get my vibes up right now, etc. That awareness gives you that choice. Let’s say for example we feel really angry towards somebody, so it’s not a good idea to talk to somebody when you’re angry or when you feel angry with them.

In the book, I give suggestions for what you can do when you feel angry. There are two techniques in particular where you can dump your anger out in the sacred context of a, meditation technique, in the first stage. Then in the second stage, you sit in silence and you find it much easier to sit in silence when you’ve let the lid off the pressure cooker. So, to speak and get rid of a lot of emotional turmoil, it’s very easy to drop down. You will find inner peace in calm, your inner wisdom, love, creativity and all these good things.

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Meditation Techniques, to Calm Anger

From that place you can decide what to do about this irritating person that’s annoyed you. Do you need to talk to them? If you do need to talk to them, then you talk to them from that place of peace and calm, because that will help them become calm and peaceful; because normally they would be reacting to your energy. Then, the whole thing is just a big mess; but when you take responsibility that you feel angry and that it’s not going to help to either dump your anger on somebody else or stuff it down. You do the, meditation technique, you’re nice, calm and very likely to come up with a creative way to handle the situation.

That is perfect for marriages because a lot of people in intimate relationships blow up and it doesn’t ever go anywhere.

Myrna – Tell our listening audience how they can get a copy of your book. Also, tell them how they can reach you to do any of your, hypnotherapy, sessions coaching and things like that because I’m pretty sure you get results.

Pragito – The book is on Amazon. Actually this book was just released in August and it’s already a number one bestseller.

Myrna – Good for you, congratulations.

Pragito – Thank you. To find me, you go to my website www.discovermeditation.com/contact you can sign up for my laughing Buddhist Network newsletter and you get two free Gifts.

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Please subscribe to the Transform Your Mind YouTube channel so that you can get notification every week when I upload a new episode. If you’re listening to us on iTunes podcast right now, would definitely love for you to not only subscribe but rate and review.

October 12, 2020October 12, 2020

How to Clear Your Money Blocks and Build Wealth

Money blocks, are negative subconscious beliefs about, money, that limit you from achieving your conscious desires. Hilary Hendershott, wealth coach talks today on the Transform Your Mind Radio and Podcast on the topic “How to remove your, money blocks, and, build wealth.” Hilary was once $600,000 in depth and now has a seven figure net worth.

Listen to the full interview here:

Hilary – I found myself in my late 20s with multiple credit cards and tens of thousands of credit card debt, plus I had a $420,000 in mortgage debt on a condo. In 2008 that condo in San Jose California went from $430,000 in appraised value to just $190,000. I had massive uncollateralized debt, $72,000 in tuition debt and I was the kind of person who would spend money before it came in! I was a massive over spender.

Back then I had never heard the term, Money Blocks. Today as a coach and operating from my own, money blocks, I understand that I was an over spender because I had, money blocks.

The definition of, Money Blocks

The definition Money blocks: negative subconscious beliefs about, money, that limit you from achieving your conscious desires. Let’s say you’re trying to save, money, but, for whatever reason, you can’t seem to do it. You spend, money, almost as soon as you get it, and you don’t know why.

Hilary – I started gaining clarity on my, money blocks, the day I pulled my leased BMW into the gas station and I put my credit card into the machine to get gas, and my credit card was declined. I tried another card, it was declined, I put the third card it was also declined. At that point, all my credit cards are maxed out and no one would give me any more credit cards.

My bank accounts were empty and had already emptied out my 401k. I had spent all this good money chasing after bad while trying to dig myself out of this hole; because as my income was declining in 2008, and my debt was increasing. So I literally couldn’t even put a tank of gas in my beautiful convertible BMW that day.

How I became an expert on clearing, money blocks

Hilary – I decided to become an expert on, money, psychology. I really made a decision that day and I said “I‘m not willing to live like this anymore”. I understood from the beginning that our, money blocks, are as much a function of linguistics, the words that we use to describe, money, than it is about our upbringing.

So, when I said “there’s never enough money” I was speaking it into the atmosphere. That became a self fulfilling prophesy. There’s never enough money was my, money operating system. I trademarked this term, Money Operating System. Just like your computer has an operating system, we all have a, money operating system. That is sort of another way of saying, money blocks.

How, money blocks, are formed

As a child we hear adult say:

money, doesn’t grow on trees,
you have to work hard for, money
money, is the root of all evil
Money, is evil and rich people are greedy.
I wonder who she had to screw to get that job.
You see your parents fight about, money, all the time.

Whatever it is, everyone will have a different set of, money blocks; because not everyone has the same, money operating system.

I was in financial planning and trying to, build wealth through real estate, so I was making, money. I actually had a six figure income; but spent more than I earned.

How do you manifest there’s never enough, money, when you have a six figure income?

There was one year I earned $120,000 in income and I spent $150,000. I attended a talk at a Financial Planner Conference and this woman, who is now a personal friend of mine, talked about, money blocks, and, money, psychology. She used the term “over spender”. I had never heard about, money blocks, before that talk. Being an over-spender is one way to manifest, there is never enough money.

Another way you can manifest, there’s never enough money, is by being an, under earner. There are some of you listening to this podcast; you just can’t seem to earn what you know you’re worth in the marketplace. You are actually sabotaging yourself.

You deliberately pick the jobs that are under earning.
You under promote yourself,
You don’t ask for raises,
You get contract gigs and spend six months unemployed.

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Hilary – To make a long story short, I put what I learned into practice – I paid off all my debt and then I got really honest and transparent about where I was financially.

I lived in my mother’s guest room for a while to make it happen. I lost that condo and I paid off the debt. I started putting my money where my mouth was in terms of building my business. I now run a registered investment advisory firm. We are all women, owned and operated.

My business earns about a million dollars a year. My husband and I just share the numbers; because I want to normalize people talking about, money. My husband and I have a house in Silicon Valley that’s worth two million dollars and if you put together all of our other investments, we’re definitely what you would call financially independent. We have, financial freedom.

Build Wealth, by having your, money, work for you.

Now we have, money, work for us; but it’s a skill set that I didn’t always have. I have found out that my purpose on this planet is to coach people, especially entrepreneurs. For those people who run businesses, the sky is the limit for them to remove their, money blocks, wherever they may be.

I figured it out. I sort of put myself in, money, boot camp. I didn’t buy a cup of coffee in a coffee shop for two years. When I was in boot camp, I got very conscious about what I was saying about, money. I now use linguistics as the foundation of my coaching. Anyone I coach, the first thing we do is remove “ I can’t afford that.” from our vocabulary.

Those words are not allowed to come out of your mouth. You either say “Oh great, let me see how I can work that out” or “I‘m going to put that in my spending plan.”

Myrna – That’s awesome. Your language about, money, is very powerful. Let’s talk about, money mindset block. My audience on the radio are mostly African American and sometimes they are in the poverty space. Our community is predisposed to over spending. We want the nice things, we want the designer shoes and bags.

I was talking to a guy one day, he was wearing nice running shoes and he said they were Kanye West shoes and cost $400. I couldn’t help thinking what was his, money mindset, to spend $400 on Kanye West running shoes?

What is a, Money Mindset Block

Myrna – What exactly is a, money mindset block, and how does that show itself for somebody that’s looking at their spouse and saying maybe they have a, money mindset block?

Hilary – First of all, the idea of the, money operating system, is the lead, money block. For me it was “there’s never enough money” and so all my, money blocks, are going to harmonize with that particular lead, money block. For example, let me just say each individual is different and I don’t mean to answer questions for someone who isn’t even here; but let’s take the example of the person who spent $400 on Kanye West running shoes and maybe can’t pay rent, so there’s an imbalance there.

If you ask that person why he spent $400 on running shoes, he might say:

I need to have this to be socially accepted,
I need these shoes so that people can think I‘m wealthy,
I need to have these shoes, so that people can think I‘m powerful.

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Then you would ask the question.

Well, do you have those things?
What do people think about you?
Have you achieved this goal?
Is that desire fulfilled for you?

And if you really look, it’s probably not because we need another pair of shoes or another designer bag or any other another brand name to become socially acceptable. It’s an infallible hole that you can’t fill with designer shoes. Instead, if you can reposition in your mind, if you’re really tired of your, money, going the way that it’s going, if you’re sort of fed up and a little bit disgusted with the fact that you know you’re a smart capable educated, well-intentioned person and money isn’t working for you in your life, that is how you clear a, money mindset block.

What are your 7 steps to, build wealth?

Myrna – You have 7 steps to, wealth, is that how you coach someone that maybe have an overspending problem or they have a, money mindset block, problem or their, money operating system, is not working properly?

Step 1- Permission: All effective coaching starts with permission. The first step is to decide you have, money blocks, to make the decision that you’re ready for change. There’s no denying that you’re giving up the Kanye West shoes and the brand name bags and other creature comforts. A lot of people who make financial transformation to, build wealth, find that they have to move.

They actually need a lower cost place to live; they need to give up the beautiful leased car so they can pay cash for a car and don’t have monthly payments. You are lowering your standard of living in the beginning and that takes courage. It takes willingness to sacrifice, so after you’ve made a decision then we catalog your vocabulary about money, this is really important.

Step 2– Your money vocabulary – no one ever wants to talk about, money. You need to talk about money, to find out what your friend is doing; what’s working, what’s not working. You can provide advice or ask for advice if you want. What do you say to yourself about, money? Maybe some people think in pictures about, money, or maybe it’s just an emotion. You think about spending, money, and you get excited; you think about saving, money, and you get sad.

I have my participants that I coach, actually spend a month doing a, money, conversation log. What do you say to your partner about, money? How do you tell your customers about, money? For example, if you’re a real estate agent and someone wants to pay you a four percent commission instead of a six percent commission, what do you say? What are the actual words that are coming out of your mouth?

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So, let’s get specific about what you say about, money. We’ve got a map, we’ve actually got kind of your, money blocks, in black and white in front of us.

Now, we can really start the coaching. So, we have sort of highlighted and done the private detective work figuring out, what’s your actual, money blocks.

I‘ll give you an example, someone I coached found this counter intuitively. She felt rich when checks would get mailed to her, so she would put the checks in her desk and not send them to the bank. Isn’t that strange? I can’t even identify that block, that is like a serious, money, scarcity thing.

Myrna – Did she not know the checks are only paper unless you get the, money?

Hilary – No. It was completely just something she was blind to, until we did the, money, conversation log and she saw it.

She saw it for what it was and she’s like oh my God, this is crazy behavior; but no one’s ever asked me about my, money, behavior, so I never thought about it.

Step 3 – logistics of money. I don’t teach budgets, I think budgets are overwhelming and too detailed for most people. I think that people spend a lot of time designing a budget and then they never honor it or live by it, because it’s too restrictive .

Step 4 – Earn money – You can’t categorize every single expenditure you have, you’re a busy person with lots of responsibilities. So instead, I teach a system I call automation. It’s sort of like the equivalent of irrigation in your garden – little hoses bring, money, to the places where it needs to be. People love it.

you pay yourself first,
you pay your overhead
you save for your short-term goals – maybe your next car
you save for your financial independence first.
Then what’s left over, You spend from one account and that way when that account gets to zero, you’re not at zero, your money goals are already funded.

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Transform your Mind Soundcloud podcast

That’s the plan and honestly most people get through the plan because it’s very front-loaded. It is a lot of work in the beginning; but once you set it up, just like irrigation, it happens every time you turn the hose on. People pay a lot of, money, to coaches to figure out how to earn money and they can’t figure out why their, money, still doesn’t work for them and it’s because they don’t have these steps.

Step 5 – The ASK mindset – Learning to ask is a mindset . You can ask for a million things :

you can ask your credit cards companies for a lower interest rate,
you can ask your insurance for a lower premium,
you can ask your memberships for a discount.
You can ask for a discount at Star Buck. Just go ask. The point is not whether you get the discount or not, it’s having the mindset to ASK. We do a challenge inside my coaching program called “Get 100 No’s” You win the game by getting a hundred no’s and my assertion is, It will change your life. You’re building strength your, money blocks, are going to be different. For some, you’ll find that your, money blocks, are operationally systematized in your business processes.

Step 6 – Clearing the, money blocks. in your business – As an entrepreneur you’re either under charging for your products or services or you’re not spending enough effort getting prospects into your funnel. Whatever it is, there’s some part of the process that’s broken for you. My training is called “Eight Ways Business Owners can Transform Revenue into Personal Wealth”, it is anon-demand training from October 8th to 15th.

So, you definitely want to go grab it. This training is really for entrepreneurs who are sick and tired of working so hard for the, money, and having not much to show for it.

Step 7 – Protect – Once you clear your, money blocks, you can, build wealth, by protecting what you built.

I just want to show you how to climb out of that trap in this training and the great news is – it’s totally FREE. You can grab your copy of that training by going to www.hillaryhendershott.com/myrna.

I want to encourage you, please subscribe to the ‘Transform Your Mind’ YouTube podcast’s channel. Definitely trying to grow our audience.

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Additional Resources

https://blog.myhelps.us/rich-wealthy-9010-rule/

How to Survive an Economic Collapse

May 14, 2020August 5, 2020

How to Survive an Economic Collapse

To survive the, economic collapse, first thing I would say you need to do is you’re going to have to acknowledge where you are financially. The beauty of an, economic, downturn is that there are more successful people created during a period of, economic collapse, than any other times. The, economic collapse 2020, is no different.

My guest today is Solomon Ali author of “The Empowered Wealth Bible” and “Economic Survival” and we’re going to be talking today on “How to survive an, economic, collapse because I think we’re heading to an, economic, collapse.

Introduction to How to Survive an Economic Collapse

Solomon, I’m very curious to hear your backstory, how did you become an expert on, economic, conditions?

Immediately after high school, I went into the military. I went to a predominantly white high school and my guidance counselor said I had good GPA; but they never directed me to go to college or university, so I went straight into the military. I made it to the rank of sergeant and learned how to manage people and how to build a team.

When I got out of the military and went home, I couldn’t find a job, common story. So I started helping my parents clean up their rental properties. I ended up organizing the cleaning crews. We became a mobile company, cleaning up apartments, painting them, doing minor repairs so that the apartments could be ready for the next tenant to move in. I had a team of people structured like an assembly line. We had people come and do the masking of everything. We would mask off four or five apartments at one time. The next group would come in and they would clean the tubs and the toilets, and the next guy would come in and paint it. Then someone would come back and take all the masking tape off, vacuum and shampoo the carpets and we were done.

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Now that is, economic, survival. Surviving the rental income business. That sounds like the best structured management cleaning that I have ever heard, and I do property management as a Realtor!

We had over 70 people on our team. We went from zero revenues, to a little over 6 million in 12 months! But I was not able to collect all my money. I had all these accounts receivables and I had payroll that was coming up. So I got on my knees and prayed one night and I was talking to God, and the next day I’m looking in the LA Times and I see a company advertising for accounts receivables loans. I called the guy and left a message on Sunday he calls me promptly on Monday morning and he went over everything. I made the trip to San Bernardino, California and got a check for $380,000. He bought all my $500,000 accounts receivable accounts.

That was my first lesson on, economic, survival in the form of risk management. You do not want to have a huge concentration of your business coming just from one or two customers, you want to make sure that your company it’s more diversified.

That is what I do today. I consult companies on how to survive, economic collapse, or downturns because they come about every 10 years. I teach them how to scale, how to grow, and how to access the finance world. In other words how to arrange capital, so they can do their roll-ups for this , economic collapse 2020.

We check out the competition and then we begin to set up what I call mirroring. We design a program that fits my client so that they can grow and scale their business and we’re able to access capital for them. I may have private equity companies that I have arrangements with and I get very passionate about helping others fulfill their dreams.

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What does your book “The Empowered Wealth Bible” teach us about, Economic Collapse 2020?

That book speaks in reference to the different tricks of the trade, how you survive, economically, and raise the capital for your business. It teaches you how to use personal credit and credit cards.

It is extremely helpful to the new entrepreneur trying to fund his business as well to the mother wanting the best for her family.

There is one chapter in the book where we talk about how we could take your credit card money’s right from your credit cards and apply it to your mortgage and rotate that around cutting the interest rate on your mortgage and shortening the time period. The book also shows you how to start a business with very little to no money and still be okay in an, economic collapse. Things like that, it is all about, economic, survival.

I started my private equity company back in 2009, I started with two hundred and fifty dollars and by the end of a year or so I was making millions of dollars.

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In Les Brown’s new book “You got to be hungry” you must be hungry for success. You must be hungry to achieve your set goals and work your strategies to achieve, economic, survival.

We are now smack in the, coronavirus, pandemic and the, economic collapse 2020. Companies are closed, millions of people have lost their jobs and everybody is scared about their future. It’s really interesting that you had the premonition to write the book, Economic Survival, before we faced an, economic, collapse.

I understand we are heading into a recession even a depression.

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How would we survive economically if the US, economy, was to go into, economic collapse 2020?

Firstly, I’m going to say we’re already in a recession. Our, economy, is already seeing an, economic collapse 2020. We haven’t saw seen all the manifestations of what’s going to happen, but anytime you shut down businesses state by state, you’re losing your, economic, base within those states. So all of these businesses shutting down resulted in I think as of today there’s over 37 million people filing for unemployment.

Let’s put that in perspective, that’s not counting the people who are self-employed, who are not able to file for unemployment. So you have to add millions or more to that number, that’s not also counting the people who are just giving up and not looking for work. That’s millions more.

I predict that the US unemployed will be closer to about 60 or 70 million by the 3^rd quarter. I predict we will see an, economic collapse.

I’m going to Segway over to the African American businesses. On average there’s approximately five million businesses existing in the United States with ten or more employees.

African American companies there are only about one hundred thousand or so with ten or more employees. That’s a big and significant difference between five million to a hundred thousand. That tells us that the majority of us, African-Americans, are working for other people and those jobs are no longer going to be there in the future.

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Small businesses create the majority of the jobs, however your larger companies employ more people. So when you place all this in perspective African Americans are not going to have anywhere to go and will suffer more from an, economic collapse.

Here are some strategies on surviving an, Economic Collapse:

To survive the, economic collapse, first thing I would say you need to do is you’re going to have to acknowledge where you are financially. The beauty of an, economic, downturn is that there are more successful people created during a period of, economic collapse, than any other times. You have to solve someone else’s problem, you have to be of service to someone, so that now you have people looking for you because you become in demand.

New businesses will be created like, AirBnb, created in the 2009 financial crisis.

We are losing millions of businesses but new businesses are created during an, economic collapse.

After you solve someone’s problem is you have to educate yourself. You have to remove the fear, because fear will paralyze you. Once you remove the fear you will be able to go out and help someone else.
A lot of people that have the employee mindset will have to switch because they are not going to do well. Unfortunately our, economy, and, economic survival, depends on developing an entrepreneurial mindset. We’re going to be living in the, economy, where a job no longer exists. You’re going to be a subcontractor, you’re going to be an independent .
You have to look at where are you today financially and reset your priorities. Instead of loosing your home in the, economic, downturn because you lost your job, maybe your parents have a room you could live in and you could rent your house. You’re going to have to be willing to do what is necessary for, economic survival.
Immediately begin to renegotiate your debt so that you can have more cash flow.
Diversify – you may have to do some joint ventures with other companies or other people.

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Author interview Transform Your Mind Podcast

Conclusion

How do you think the Real Estate Market will fare in this, economic collapse 2020?

I think we’re about to see by the last quarter of this year a lot of foreclosures will begin to take place. I believe a lot of people will begin to lose their homes.

For those investors who have the cash flow and the ability to buy, they will be able to pick up properties at a significant discount, because the banks are going to have to give rid of those assets off of their books. Credit lines will be cut by the end of the third quarter. I’m pretty sure maybe even at the beginning of the third quarter the credit lines will begin to get cut, which will have a trickle effect on the, economy.

What we do know is that our, economy, is not coming back anytime soon. We may have as many as 60 million people unemployed. People don’t have any reserves and if you don’t have any reserves at the beginning of the, economic collapse, then what is going to happen after you have been unemployed for a year. Robert Kawasaki, of Rich Dad Poor Dad, was saying that what you do is you find out your runway for your business or personal life. How much money you have in the bank to take care of the essentials, housing, food and transportation?

Robert is absolutely right. We were all taught to have six months of reserves, but if the last, economic collapse, in 2009 taught us anything, is that it took people 18 months on average to get a job so we were wrong saying to have six months of reserves, you need to literally have two years of reserves. Most don’t even have one month.

How does Private Equity Investing help with, economic survival?

I love private equity, I love loaning out money and helping people to fulfill their dreams.

I have a passion right now for minority businesses. There’s approximately 13,000 publicly traded companies all together but, there’s only 13 black publicly traded companies currently. I sat on the board of directors of three and I was Officer of three all at the same time, where I was responsible to help them raise the capital they needed to, survive economically. The companies that I helped, they were not only successful they became in the top 5 companies.

To purchase any of Solomon Rc Ali books or for consulting services visit his website

https://www.solomonrcali.info/ follow him on twitter and Instagram and Facebook @supportsolomon.

Additional Resources

https://blog.myhelps.us/how-transform-your-career-with-purpose/

https://www.learnhowtobecome.org/entrepreneur/

January 16, 2019January 16, 2019

How to Build Multiple Passive Income Streams

Looking for, passive income streams, for retirement? Jack Gibson, President of High Return Real Estate, shares how to use real estate to build passive income.

Today’s episode in the 3rd in our series on building wealth with Real Estate investments. My intention is to sow seeds into your subconscious that 2019 is the year to build your net worth. The power of intention is an invisible force of energy in the Universe. It is activated when we become inspired and will propel us towards our goals.

Looking for a Passive Income Coach? Check out my one hour coaching special on Shopify

Guest Biography

Jack Gibson began his entrepreneurial journey at 19, and founded his first company at the ripe old age of 21. Operating a successful nutrition consulting and distribution company. He had built a multi-million dollar venture before he was old enough to rent a car. Soon thereafter, he bought his first home as an investment. One home quickly became five, and then the bug hit. He became obsessed with learning everything about Real Estate Investing and soon had over 50 investment properties generating Massive amounts of passive income. Today, Jack spends his time mentoring other entrepreneurs, building his real estate investment portfolio, and helping other investors to build a brighter future through the power of turnkey real estate income.

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Show Notes

My very first business that I started at age 19 was a multi-level marketing nutrition distribution business. The whole goal of that business was to build up a sales team and create ongoing, passive streams of income, so I got that concept right away. I built that business up over the years and we currently have annual revenues over ten million dollars. The last couple years it’s been a little bit more part-time or quite a bit more part-time as I pursued building my real estate company. But I mean I still love it, I still love the people and I love the, passive streams of income,. Two years into my network marketing company, I read the book Rich Dad Poor Dad, that was the book that really transformed my mind to start thinking about utilizing real estate as a way to deploy the cash that I was making in my primary business and add additional, passive streams of income,. I was still investing in stocks until about 4 years ago. I was in stocks for most of the last 14 years, so about four years ago two events happened that were critical and really pushed me over into investing into real estate as another, passive streams of income,

There were two negative events, but you know most negative events if we look back we can find the good in them. One of them was I had some insider information, not anything illegal by any stretch, I mean I knew that our company had a good earnings quarter. I mean it wasn’t that hard to figure out based on what I heard from all my colleagues, so that’s kind of my insider information.

I bought into the stock about a week before the earnings report was to be released expecting things to be great. Well the earnings report was phenomenal and typically, not always but typically stocks go up when the earnings report is great. Well this billionaire Hedge Fund investor was very well known as an activist in terms of shorting stocks. He gets on our company earnings call, he asked three or four pointed questions and then it appeared that he was shorting the stock; the stock drops 30% overnight.

Stocks as a, passive streams of income,

I realized then that I didn’t have control over stocks. Not even a sure thing is guaranteed. I want to be in the driver’s seat and put myself in a great position where I have as much control over the outcome as possible. I took that as my sign that this is my time to learn a new asset class and another, passive streams of income, it was the final push. I told myself, I’m going to draw the line in the sand. So I studied real estate and listened to podcasts for a hundred straight days.

Jack you know that someone listening is going to pay devil’s advocate and say the same thing happens in real estate. What’s your come back on that?

So here’s what we have to consider when looking at real estate as another, passive streams of income, we look at the past. I mean could go back 100 even you know 200 years or whatever, the variance between real estate and the stock market is almost four times different. If you look at historical data, the swing in the stock market is around a variance of 16 or so from year to year. Real estate has a variance of four. That means from year to year on average that the swing in the market is going to be four percent, so you’re not quite so volatile in real estate.

The other part in this, passive streams of income, scenario is it that you’re investing in the real estate as Robert T. Kiyosaki says, for the cash flow that it produces. Not necessarily for it to go up in value. You really don’t care if it appreciates or depreciates. As an investor and you’re renting it out and you will always be able to rent it out for more than the mortgage payment.

At the same time property values will go up eventually, even if it dips for a little in the short term. I was listening to the Automatic Millionaire Homeowner and the author was interviewing homeowners who lived in their homes for about 2 years and then sold and moved to bigger homes, and became millionaires because homes always go up in value.

We’ve discussed real estate, we’ve talked about the stock market and we’ve also talked about multi-level marketing. I understand why that’s been your foundation for, passive streams of income, because you’ve been you’ve been taught well. You stayed in the business for 20 years so you must be really doing well, because everybody that joins the business under you feeds you, passive streams of income,.

Multi-Level Marketing a Tool for generating, passive streams of Income,

Yea, it is phenomenal. If I could describe the business to people without saying what it was they’d be like wow that sounds too good to be true. I have a multi-million dollar business that I work right here from my home office. That I help people with their health and nutrition. I have no employees, I have no accounts receivable. I have no inventory, I have no monthly overhead whatsoever. I have a free cash flowing business that produces ten to twelve million dollars in sales revenue per year. That’s not obviously my income; but a percentage of that.

Skilled , passive streams of income: Writing a book, Music, software

That’s why, passive streams of income, is so important. On my website, www.myhelps.com I talk about a some other forms of, passive streams of income, like writing a book, or writing music. Mariah Carey wrote the song “All I want for Christmas” in 15 minutes. She’s generated sixty million dollars in royalties off of that 15 minute work. So her, passive streams of income, is phenomenal.

Explain what we mean by, passive streams of income, which ones would you recommend it to a seasoned investor or someone just starting out?

Passive income is created from work you have done in the past, that is paying you today.

You have one or two scenarios. You either have money at work or capital at work and you’re drawing royalties. There’s multiple ways to go about creating, passive streams of income, it boils down to either unskilled or skilled forms of passive income. It’s like what you talked about in terms of creating music and selling music, or writing a book, or creating a piece of software that you then are able to license out and sell. Those are very technical skills, very skilled types of, passive streams of income,.

Creating, passive streams of income, from a business I won’t say is unskilled in terms of work. It does it takes skills to put the right management team in place. There’s a way you can have any type of business that you set up to become a, passive income stream, if you’re not involved directly in day-to-day operations, then it’s a, passive income stream, business.

To listen to the full interview, download on iTunes and please subscribe and leave a review.

Check out Jack on the web https://highreturnrealestate.com/. All of our properties are listed on the website. Nicole is the Head of Investor Relations and she will be happy to answer any questions.

On the nutrition side, we have a brand new system, it’s a nine week online body transformation Course that we’re planning on scaling so that over 10,000 people can participate. Check out Jack’s Body Transformation podcast

Additional Resources:

Top 20 Areas In Miami For Increasing Property Values

25 Best Passive Income Ideas to Make Money in 2019

https://wellkeptwallet.com/passive-income-ideas/

https://wallethacks.com/passive-income-ideas/

How to Create a Freedom Lifestyle with Investment Property

January 9, 2019January 9, 2019

How to Create a Freedom Lifestyle with Investment Property

Mike Wolf has made millions from, investment property, and created, freedom lifestyles, for many of his investors. Mike has helped investors in the Atlanta area build wealth and passive income from, investment property, by offering them turnkey services.

I’m your host coach Myrna Young, as we start 2019 I wanted to spend some time on how to build wealth through the vehicle of, investment property,. As you know I am a Realtor, an Investor, Property Manager and a, Life Coach, so I have a very high-level overview of how to build wealth through home ownership or with, investment property,.

So this month I will be interviewing experts in the field of, real estate investments, investment property, as I help you to get into the space of building wealth in 2019.

Wealth is the vehicle that you need for any successful venture in your life, whether it’s to give your kids a better life, whether it’s to have financial freedom, whether it is to retire wealthy, whatever you need to do, you need money unfortunately to do it with. So building wealth through, real estate investments, investment property, is what we’re going to be focusing on for the next three remaining episodes in our four part series.

So what I will be doing is bringing you experts who have made millions through, real estate investments, investment property, and who will share the details and how they did it so you can do it too! Be sure to subscribe to your iTunes, Google play, Stitcher, iHeart Radio, or TuneIn Radio, so you’re not missing any episodes.

In today’s episode I have a re-purposed an interview with Mike Wolfe from back in 2017. I thought it would be a great resource for this series. Mike made his wealth from offering turnkey,

Investment property, services to in the Atlanta area. His system allows his investors to sit back

and collect, passive income, while living a, freedom lifestyle,

Mike Wolfe has been a real estate investor for over 28 years. Over the years he’s gone from being a workaholic who would put in 15 hour days, seven days a week to someone who works smarter, not harder. He regularly travels the globe doing humanitarian projects and seeking Sun and sand while living off the, passive income, that he’s created through his, investment properties,. Mike’s company sells, turn-key real estate, and, investment property, in and around Atlanta to investors around the globe. He helps his investors create truly, passive income, where they get all the benefits of owning a real estate, investment property,.

How did you Start your, investment property, business?

I started, investment property, in Calgary Canada. I was only investing in Canada back then at the beginning of my, passive income real estate, career but I had a friend of mine move to Las Vegas and when I went to Vegas to visit him, I got into this addiction. It’s not what most people have when they go to Vegas. It’s was not gambling or drinking. It was actually this addiction to go look at real estate. I noticed that back in those days the prices of, investment property, kept going up and up.

I had no intention of investing in Las Vegas originally but I ended up doing it and it was kind of at that point I was forced to start building a team, because I couldn’t be in two places at the same time. I couldn’t go collect my rent from my, investment property, in Calgary and my rent from my, investment property, in Las Vegas. So I reluctantly hired a property manager.

Three phases of, investment property, business cycle.

At first you know what would I find most entrepreneur’s do is we go through three phases if we survive long enough.

The first phase is where we do everything ourselves, usually because we don’t think anybody else can do what we do as well, and we don’t have the funds to hire help. It’s kind of like for an entrepreneur our business is like a birthing a baby and you don’t trust just anybody with your baby.
The second page where I had no choice but to get somebody to help me, so I reluctantly hired a property manager; but phase two is what I call the micro manager phase. I needed to about know every little thing that was going on. So I basically told my property manager to keep me in the loop with every repair, every issue with the tenants. I remember there was one week where my property manager called me twice with the same issue, it was about a broken fridge. Two of my properties had a fridge that wasn’t working and in either case I tell the property manager. I don’t think the tenants need a new fridge, just fix it. I realized I gave the exact same answer. Let’s see what it cost to fix it and if it’s over a certain amount then we’ll replace it. I started thinking if I gave him the same answer both times maybe I can systematize this and instead of him having to call me, I can give him the freedom to follow our systems and procedures manual, which is to find out what is the cost to fix and if it’s more than X number dollars let’s just replace it.
Phase three was where I hired a team and put the right persons on our team. You trust them and they do a good job for you. I started to realize that I could build a whole team like that, where I put the right people in the right position, give them a certain system so that they were following my procedures then it made me feel comfortable to let them do their thing. I would get my time back and so that was kind of the start of the transition to my, freedom lifestyle,. That now has led to a typical work day for me these days is literally. I wake up, I answer some emails and make a few phone calls when Myrna asked me to do a radio interview I do that and then I’m done for the day!

How to become efficient in, investment property, business:

After 28 years in the, investment property, business I still go to seminars. I still open to seeing how other people run their businesses and how they make their money. I’m always looking to be more efficient. I also do a lot of personal development of work on myself. Back in the early days I thought I was too good for all that; but the most successful people I know are all lifelong learners, or at least they’re always trying to strive to be better and get to that next level.

I’m making it sound like it was a very short transition like I just did some deals and I became rich and start traveling the world. There were a lot of ups and downs along the way.

Let’s say that you know someone is listening to this podcast right now and they want to quit their job and go into real estate full-time, because obviously they can make much more money in, investment property, real estate then they can working for a pay check.

How would someone start an, investment property, Business?

If I could go back 28 years and talk to myself, the first thing I would ask myself is, Do I want to have my money work for me, or do I want to work for money?

Take advantage of the benefits of, investing in real estate, to create, passive income,

Investment property, is something you buy once and it generates income forever until you sell it.

You’ve got to be ready for that kind of commitment. You’ve got to treat, investment property, as a career. You don’t dabble in it. If you dabble in it and try and mix it part-time and with your job, I don’t see very many people being successful.

That’s the number one thing. Figure out what type of investors you want to be. You want to be creating, passive income, or you want to get out of your job and make this your career?

Make sure you have a passion for, investment property, don’t get into it just because you see those shows on TV that make it look really easy, flipping this property and that property. These shows make it looks like you can just every day wake up find a property, flip it, make a couple hundred grand and call it a day. It doesn’t work like that.

So number one thing is to figure out what kind of investor you want to be. Then the second thing that I would do is figure out what resources you have. Whichever side of that equation you’re on. Whether you’re the passive investor side or whether you’re an active investor. Figure out what your resources are. How much cash you have available? How much time do you have? How much education do you have?

When I first started I got really lucky on that first deal, otherwise there would have never been a second deal. Then I had some humbling experiences that made me go get educated. I got a mentor, somebody to help me. So I didn’t go winging it.

Joint ventures in, investment Property,

If you were to go do a joint venture with somebody. You have to decide what are you bringing to the table. Are you bringing money? Are you bringing the ability to qualify for the mortgage? Are you bringing education? Or are you’re bringing access to good deals? Figure out what you’re adding and then figure out what you’re lacking and then go find joint venture partners. Find other people that have the pieces that you’re lacking. So if you have a lot of spare time and no money, there’s a lot of people out there with money who can’t create more hours.

I want to be enjoying time with my grandson and my daughter doing a lot of volunteer work and humanitarian things. I don’t want to be door knocking, looking for good deals anymore. So if I find somebody who’s got some time, I have got the money.

If you start off on that track asking yourself those two questions, then you’re going to have a pretty realistic chance of succeeding and going forward in your, investment property, business. A lot of people have really big dreams because they go to some seminar where they make it sound really easy, because they’re trying to sell you some high-end expensive, investment property, coaching program. They fill your mind with all these things you can achieve and probably only about two percent of people who go to those seminars ever end up not even earning their money back that they spent on the seminars!

People come to me after they’ve invested a lot of money in their education and their education is pretty much worthless. So make sure you do your homework and you know what the reputation is of these quote-unquote gurus that are selling stuff. They are professional marketers.

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Biggest Myths in, real estate investment, investment property,

I think I think a lot of myths are perpetuated by the media. We see all these shows about flipping this and flipping that. I feel the biggest myth is that you know, real estate investment, and, investment property, can create, passive income, but it can also become something that takes up a lot of your time. You might be trading your eight-hour day job for a 20 hour a day job. It can be fun it’s exciting because you’re out there and you’re meeting new people but sometimes when you spend so many hours working on your business, you kind of forget about things such as your health, such as your family and other things start to fall apart.

A lot of people get into, real estate investments, investment property, because they think it’s going to change their lifestyle to a, freedom lifestyle, and they actually end up with actually sometimes with a worse lifestyle with no freedom, because, investment property, is something you take home with you every day. You can’t just say oh I’m going to work from 9:00 to 5:00 today on my, real estate investment, business. Because guess what at six o’clock when you’re having dinner with your family, a tenant will call about a leak in the bathroom! And you have to take care of it.

Additional Resources:

https://www.forbes.com/sites/forbesrealestatecouncil/2018/07/26/eight-things-you-need-to-know-before-buying-your-first-investment-property/#10ac9ea45a93

https://time.com/money/collection-post/2954483/should-i-buy-an-investment-property/

https://blog.myhelps.us/real-estate-investment-fund-fix-flip-series-are-rental-properties-worth-the-headache/

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