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.

  1. The first step is “Ask for what you want”. However, you have to be clear, you need clarity on what you want.
  2. 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.
  3. 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.

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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.

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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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How to Clear Your Money Blocks and Build Wealth

How to remove money blocks

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 goalsmaybe 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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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  mindsetYou 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 BuckJust go askThe 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 someyou’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 youMy 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 channelDefinitely 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

 

How to Survive an Economic Collapse

Solomon Ali 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.

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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 3rd 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.

  1. 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.
  2. 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 .
  3. 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.
  4. Immediately begin to renegotiate your debt so that you can have more cash flow.
  5. 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
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/