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Wealthylicious edmonton edits
- 2. Shelly Matsos • Fasttrack residual income developer • Visionary and Dream Coach • Past founder of fashion brand, Sexy Monkey Inc. • Founder of shellymatsos.com
- 3. Did you know…. •On average we’re making 20% less men earn • We still live longer than men (5yrs) • 47% of women over 50 are single • We’re out of the work force for 15% of our careers (11.5 yrs) • Our retirement income and benefits are much lower than men (about 50%)
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- 9. WHY? 1. No Residual 2.No Leverage
- 10. Do you haveleverage?
- 11. Linear vs Residual income What most people get. You exchange your Linear time for money and you get paid once for that time. Get paid multiple times for work done once. You may spend 30 minutes on a residual Residual activity and continue to earn income from that activity for decades. Income earned not based on time.
- 12. Linear Income Working weekends, evenings, lunch hours….. Personal ROI- Calculate your personal return on investment. How valuable is your Time Linear Plateau time? How much are you really paid per hour? Money Successful people are excellent time Personal Return on Investment= and money managers Working for $5/hour
- 13. Residual Income – Time vs Money Time Average 3-4 year mark Money
- 14. 3 Common Streamsof Residual Income Real Estate − Buying, Selling & Reinvesting Equities − Saving & Investing MLM …Financial Freedom! 5 10 15 20 25 30 35 Years it will take to earn $50,000 annually
- 16. Expect Wealth • What is your hourly rate? Set one • Weekly profit goal (set Sunday night) • Set your financial intention each day • Be an excellent money manager • Focus. Expand what you’re good at • Income stream(s) not based on time
- 17. How could yougenerate more money doing what you currently do?
- 18. Create Cash Flow-Residual • Real Estate • Stocks • Affiliate Programs • Network Marketing • Franchising/Memberships • Products (books/dvd’s/ebooks)
- 19. Money Monsters • Email •Meetings • Long Phone calls • Plugging-in all day • Cell Phone • Driving • Being a Thermometer
- 20. Book a 1-DayBusiness Detox • Office • Desk • Dayplanner/Calendar • Email Inbox (delete!) • Car • Papers/Files • Time/Money Wasters
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- 22. Your Homework • YourNet Worth • Your Financial Freedom Date • An income stream not dependent on time • A financial team • Great Tax Savings Plan • A residual income stream • How much you will earn by Christmas
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- 25. What the heckis Network Marketing?
- 26. What’s all the HypeAbout?
- 28. Thinking in anew way about Finances: Robert Kiyosaki’s ‘Cash Flow Quadrant’ Employee E B Business Owner Self- employedS I Investor
- 29. Why NWM? Real Estate− Buying, Selling & Reinvesting Equities − Saving & Investing MLM …Financial Freedom! 5 10 15 20 25 30 35 Years it will take to earn $50,000 annually
- 30. Most Popular ReasonsWhy Women Choose NWM 1. No glass ceiling or limit on income 2. It’s Portable & Flexible 3. Build in Business School 4. We are supportive & Social
- 31. Minimize Tax Liability “Every North-American taxpayer who works a full-time job and does not have a side business is probably overpaying taxes to the tune of $3,000* to $9,000* a year!” -Sandy Botkin, Former IRS tax attorney, CPA, Founder of TRI
- 32. T-4 (Employee) Business Owner $1000 $1000 - $250 - $900 $750 $100 - $900 - $25 -$150 $75
- 33. What you DON’TNeed…. • Experience in sales • Have been an entrepreneur in the past • Need a lot of time • You don’t need a lot of $
- 34. You DO Need… •A desire to move from “good to great” • Be open to learning & ‘unlearning’ • Do a little each day
- 35. Your Homework • Watch1 to 2 network marketing presentations from people in your network • Read “Business of the 21st Century” by Robert Kiyosaki
- 36. Strategy #3 -Real EstateInvesting-
- 37. Preparation is Key • Real estate investing is a process • Know your objectives • Know your target market • Get comfortable with mortgage financing • Get your investment team prepared • When the opportunity presents itself you need to be ready to ACT 100% without hesitation
- 38. Know Your Objective •#1 – Home of your own
- 39. Know Your Objective •#1 – Home of your own • #2 – Buy & Hold (“Positive Cash Flow”)
- 40. Know Your Objective •#1 – Home of your own • #2 – Buy & Hold (“Positive Cash Flow”) • #3 – Buy & Sell (“Flip”)
- 41. Real Estate MarketFormula Source: http://www.reincanada.com/
- 42. Getting into theGame • Down payment – Family / friends – Line of credit – Home equity / re-financing • “Think outside the box” for financing (the Big 5 Banks vs. mortgage brokers) – Joint Ventures – Vendor Take Back mortgages – Non-conventional private lenders • Millionaire Mindset!
- 43. Selecting Your Wealth Team Wealth Team The The Goon Squad • Commission Breath • A group of people who want • Not in the deal to ensure your to work with you to ensure needs are met you are successful • Not available when you need • Qualified Real Estate Agent, them Lawyer, Mortgage Broker, • Have no sense of urgency Home Inspector, Contractor, Accountant • Don’t listen to your needs/ • Always available wants • Understands your long term • Remember you have hired these people to work for you!!! goal
- 44. Real Estate Wisdom • Follow your objectives & Keep it simple • It’s never too early or too late • Learn everything you can (Books, Mentors, Seminars) • Join an investment group (i.e. REIN) • When the opportunity presents itself you need to be ready to ACT 100% without hesitation
- 45. Strategy #4 -Health Leadsto Wealth-
- 46. Behind every vibrant,successful woman is…
- 47. Too Much ofthis… • Sugar, Candy, Ice Cream, Cookies • White Potato, White Flour, White Rice, White Tortillas, White Pasta • Breads & Cereals • Aspartame & artificial sweeteners • “Instant” Foods • Fruit Juices • Fat-free yogurt
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- 49. Antioxidant Rich Foods • ACE vitamins + Selenium • Cellular protection from free radical damage • Phytonutrients AND Phytochemicals • Anthocyanidins • Lutein, Lycopene, Calcium/K • Immune boosting • Energy boosting • Infection control Mother Nature’s Best Work
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- 51. Natural Fats &Omega 3’s • Cell membrane protection • Healthy fats help burn fat • Radiant and beautiful skin, hair, nails Anti-inflammatory • Olives, avocados, almonds, walnuts, hazelnuts, pumpkin seeds • Extra virgin olive oil, avocado oil, coconut oil, grapeseed oil • Salmon, Mackerel, Sardines, Flax, Chia • Cod liver oil
- 52. Can I getwhat I need through Food? •Processed & Packaged Food Life •Fast-Paced Lifestyles •Nutrient Depleted Soils •Chemicals/Additives in Food •Toxic Environment To obtain 400 IU vitamin E, You would need to eat: Spinach 33 pounds Sunflower seeds 1.2 pounds Wheat germ 5.2 pounds Almonds 2.2 pounds Safflower oil 1 quart
- 53. Daily Supplementation Essentials 1)Multi-Vitamin Pharmaceutical Grade High Bio-Availability Natural extracts, no fillers 5-star rating Taken twice daily for optimal health 2) Omega Oils Capsules or liquid Organic (for plant sources) Triple distilled (toxin-free) for fish oil Increase Omegas in Third Trimester of Pregnancy Arthritis, Athletic Performance, Memory, Immunity
- 54. Your Homework: Try a Food Journal Check your plate for colour Eat foods with out packaging Fill in your nutrient gaps!
Editor's Notes
- #17 Spend less than you make- may sound simple but where do you spend/waste money. Do you spend money on things that don’t generate income and are not essentials business. How can you do things for less.
- #18 What do you currently spend time on that you are not paid for? Blogging, writing articles,coaching,speaking,extra services for clients,writing a book, writing an ebook, Services/products for sale on your website?
- #22 For an audience more male, recommend ‘millionaire mind’ by Harv Ecker or Multiple Streams of Income by Robert Allen.
- #26 - Network Marketing is direct to the consumer…no middle man. What this allows is higher quality of product because all of the $$ isn’t channeling into marketing and distribution Consumers find out about products via WOM via licensed distributors Word of mouth marketing
- #27 Is finally a legitimate business opportunity that people can do part time. The industry is massive and the companies are huge. - Similar to starting a Franchised business - Commissions go to the distributor as opposed to the retailer - Time-leveraged, residual income - No inventory required - Growing a business with the support of a team
- #28 Health & Wellness Home Based Business Network Marketing
- #29 Explain the cashflow quadrant. The investor enjoys PASSIVE INCOME such as: Rental income from real estate Interest and dividends Money they make when they sell an asset that has grown (capital gains)
- #30 Income Diversification
- #31 1. No Glass Ceiling and no limit on Income Network marketing doesn’t discriminate You are not dependant on someone else’s approval (like a boss!) You can work with anyone you want You are the CEO of your own business (and destiny!) You set your income amount Potential tax advantages Builds residual income (leverage) Great incentives for anyone at any level 2 to 4 year business plan to freedom 2. Portable & Flexible Work from home e-Franchise International business Work with people in other countries Write off your travel! No set work hours No employees No minimum sales requirements or someone to report to Minimal Paperwork 3. Built In Business School Step-by-step coaching provided Develops you into a Leader Get paid while you train Eventually mentor and develop others
- #38 Similar to MLM, investing in real estate is a simple process although not easy. Therefore, it’s key to be prepared before starting your journey. How many of you know someone who said “oh, come on let’s flip a house! Or have watched a tv show that seems to make it look SO easy to buy a junker and make a pile of money?” TV shows dramatize & sensationalize to excite viewers and your friends brother in law who says “let’s buy a property & flip it, just because he replaced a toilet one time 6 years ago doesn’t necessarily mean he understands the complexity of investing as a whole” As with any biz, you wouldn’t buy a hair salon and expect to sell perms, hair cuts & products to bald people. Are you renting? Are you flipping, are you buying pre-construction? Location (which we’ll talk about)… Canada or US, East or West? City? What type of property do I want to buy? Strategy…
- #39 A lot of the RE investors that I have had contact with seem to have an objective that is either precisely or a slight variation of one of these…
- #40 Be sure to know what ALL expenses will be on the property (Mortgage + Insurance + Taxes + Utilities if applic.)! Don’t make the common mistake of just calculating Mortgage only
- #41 Commonly seen on TV shows – Real Estate Porn shows that HGTV & TLC are broadcasting Potential to make more money faster is definitely there, however there are lots of different costs associated with this strategy that are not necessarily associated with the other objectives. What is reno budget? What is reno timeline? What are the carrying costs? Mortgage, Ins, Taxes, Utilities What are your fees? Buy/Sell (realtor, legal, appraisals)
- #42 Regardless of what your investment strategy – buy & flip, live in & rent, buy & have capital gains – have a long term plan! Once you’ve chosen your objective your strategy can be implemented knowing this formula. *REIN – gold standard for real estate investing in canada This is a forecasting formula to understand what is happening in a particular area.
- #43 Unless you have perfect credit, fabulous income, employer for 2+ years – which lots of people DO NOT have – a big 5 bank will probably have less than favorable view of your mortgage application *THIS IS WHERE PEOPLE GIVE UP! Mortgage Brokers – commissions, shop around with different criteria for what a lender will accept, different rates JV – partner with 1 or more people to secure a mortgage if/when you don’t have the funds/credit *More sophisticated approach, though very doable & takes research VTB – Seller gives Buyer a loan to secure the purchase *Mortgage with the seller PL – PRO: If you have poor credit or other challenges, more likely to get a loan CON: interest rates are always higher Paying for the privilege
- #45 NOTE: We’ve barely scratched the surface with everything that is involved with RE investing, regardless of your objective. Learn everything you can and make informed decisions
- #47 ...a healthy diet! Talk about the different between optimal health just being “fine” Optimal health allows you to: have steady energy through the day glowing skin Strong immunity
- #48 Now all of us know that all of the “white” stuff is very high glycemic. Some things that you may not know is that “whole wheat” is not the same as “whole grain”. There is lots of white flour in “whole wheat”. Highly processed foods remove a lot of the fibre. Fruit juices are very low fibre as well so the sugar goes right into the blood stream.
- #49 And it’s hard to imagine taking on more success when you are exhausted and tired all the time