It’s being referred to as the worst recession in a generation. If people have learned anything from it, it’s that they need to lead themselves to financial stability, security and, especially, wealth.
If you saw me on The Secret you know that I believe that there’s a silver lining in everything. Heck, if you’ve read chapter 1 of Yes! Energy you know that I’ve not had things come easy to me in my life, but I’ve been able to seize the lesson from each experience.
I found this CNN video and there is a HUGE sales and marketing opportunity for each one of these businesses. In fact there’s several opportunities for each one. Can you find them? What are your thoughts?
In comments section below let me know what you think each of these companies can do to succeed. For the best submission you’ll get one of my books for free. Be sure when you’re leaving your submission to leave your email address so we can reach you.
Tomorrow, I’ll announce the winner and give you my take on what each one of these businesses can do immediately to improve their sales and marketing.
Here’s the video:
When Sam Walton, the founder of Walmart was asked about the recession in 1991 he said, “I’ve thought about it, but I’ve chosen not to participate in it.” I want you to follow Sam’s lead and not participate in what’s going on out there in the world.
Yes, there’s a fiscal cliff that’s looming over congress right now. So what? What they decide to do or not do really has little effect on how you’re running your business today. Nor should it, especially if you’re running it based on my proven methods and strategies.
If you’re watching videos and news like the one above, STOP IT! It doesn’t do you any good. This poor businessman can’t make business decisions because he doesn’t know what congress is going to do.
If you’re reacting to the economy, employees or congress you have not only have serious business problems but I’m willing to bet you also have cash flow issues in your business as well. I meet with hundreds of business owners a month who tell me that they’re once they’ve stopped “Letting the inmates run the asylum,” they’ve not only been more successful but happier.
Join me at my next FREE event to learn ways you cannot only be more successful but happier.
The only way that you are going to be able to gain financial independence, and the only way that you are going to be able to live a comfortable life where you do not have to worry about money is by ensuring good financial health for you and your family. For many people today, especially those who are trying hard to make it on their own as entrepreneurs and freelancers, achieving financial health is not always easy. Here are some steps that can help you get on the right path but you have to remember that the real change has to start from within. If you want to make a change, you will be able to do it.
Create an Emergency Fund
One of the most important things that you have to do if you want to have a healthier financial life is have an emergency fund. This can be separate from your savings account, and it should be. Start your emergency fund, even if it is just putting away $20 per week for right now. This will help give you a cushion in case you need it, and that way, you will not have to dig into any of your savings.
Eliminate Credit Card Debt
One of the biggest issues that people face today is credit card debt, and it is something that can strike even those who believe that they are financially savvy. By reducing and eventually eliminating your credit card debt, you are going to be able to eliminate those monthly payments, and all of that interest. You could then add more to your savings and more to your emergency fund.
Keep Track of Spending
Always make sure that you are tracking your spending. Every time that you are buying anything – from dinner to a stick of gum—know where your money is going. This is going to help you know what’s happening to your money, and knowing where your money is going will help you see where needless expenditures are each month. Once you see them, it is going to be easier to learn to save.
Envision a Bright Future
It is also important that you keep your chin up. You can make changes in your life, and you can improve your financial health. Imagine a happy future where you do not have to worry about money, and you will find that it is easier to start striving and working toward making that future your reality.
“MILLIONAIRE MAKER” LORAL LANGEMEIER IS THE FRESH FACE ON FINANCE
Loral teaches individuals and businesses how to turn around recent losses and get financial plans in place to build wealth despite today’s tough economic climate.
Bend, OR (10/30/08) – Financial mentor, millionaire maker, best selling author and Dr. Phil’s new “Money Matters” expert, Loral Langemeier helps troubled families and businesses learn how to properly plan and make more money than they ever thought possible with her tried and true principles of wealth building.
“We all live in the same tough economy. I show people how to thrive, not just survive. The truth about building wealth has been known forever, but most wealthy people don’t share this information. By understanding how the wealthy make money, you can too,” she said. “I know I can take anyone, anywhere, and make them wealthy. I start with eight questions in eight minutes and then we move into action,” Langemeier said.
She calls her approach to financial success “The Wealth Cycle Process,” which is a proven process of generating cash through assets and income. Even people who are in deep debt can be on their way to great prosperity once they start the step-by-step process.
Loral Langemeier is the author of the national bestseller, The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do (McGraw-Hill 2006). On the Dr. Phil Show, she is helping a couple burdened with $700,000+ debt. Langemeier devised a 90-day plan to teach them how to manage and change their mindset about money. She will monitor their progress and check back with them and other guests in need of financial makeovers in upcoming Dr. Phil shows.
Loral Langemeier was not born into money. She grew up on a farm in Nebraska. As a teen, Langemeier started creating her own businesses. After college, she worked for a large corporation and juggled her own ventures on the side. “I was always pushing myself to create enough money to live the life of my dreams,” she said. By 34, her net worth passed the million-dollar mark.
Financial Experts & Institutions Don’t Have All the Answers
Langemeier firmly believes that money takes responsibility and action. She’d like people to take more control over their money.
“Too many of us are content to let financial advisors call the shots. I call this the park-and-pray method and nothing is riskier. In this day and age, taking your hard-earned money and parking it with a financial institution and praying that it increases is, frankly, pathetic. That’s like dropping your kids off with someone when they’re infants, and taking them back when they’re 18, and hoping they turned out right. On the other hand, once you’ve educated yourself, the potential for direct investing and asset allocation is infinite,” Langemeier said.
Belt Tightening and Deprivation Are Not the Solution
Money experts tell people the same things all the time: live small and cut expenses to get back on track–not Loral.
“I don’t advocate that you focus on debt and stop all spending like your lattes and other little luxuries that you enjoy. That sounds just awful to me. I believe it is possible to achieve wealth even if your debt seems utterly daunting. The Wealth Cycle Process helps you spiral your debt down while you spiral your wealth up,” she said.
Loral Gives People Hope, Information and a Plan
Loral Langemeier is a “money maker,” coach and millionaire who reaches thousands of individuals each year through her books and teaching. She is the founder of Live Out Loud, a coaching and seminar company that teaches her program, Wealth Cycles.
Her best sellers are The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do (McGraw-Hill, 2006), The Millionaire Maker’s Guide to Wealth Cycle Investing (McGraw-Hill, 2006), and The Millionaire Maker’s Guide to Creating a Cash Machine for Life (Mc-Graw-Hill, 2007).
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