by Loral Langemeier

Reprint of original article posted on Liveoutloud.com

When it comes to bringing your vision from the world of dreams into the world of reality, no one can do it quite like you! You hold your vision in your mind’s eye, and no two visions are alike. That is why it is up to you to bring it out and get your message across in having others help you to achieve it. You become the director for the cast of your own personal production.

As the leader of your wealth team, you will have several major roles to manage. First, you must analyze your overall business to determine who you need on your wealth team, and when. The best way to do this is to take a look at what you want your end result to be, and then work backwards. By breaking down your overall goal into smaller, more manageable chunks of time, you will not feel overburdened or overwhelmed. Even better, you will have smaller victories to celebrate as you reach each one of these goals, which will help to keep you motivated. By determining the next logical step in this continuum to success, you will be building a timeline for your vision, as well as figuring out who you need to join your team, and when.

After you have figured out the timeline and know who you need to get you to the next step, you will next need to actively recruit those individuals for your team. The best way to go about this is to actually interview some people. Find someone that you feel comfortable talking to and feels like a good fit for your goals. Does this person actively tune in to the conversation? Do they only have one option they can consider for your wealth goals, or do they provide multiple options and list the pros and cons of each? I would think that someone who can consider more than one option when it comes to building lasting wealth would be a good fit for your plans. This would be someone who can see several angles, as well as be open to suggestions and ideas from you, the vision-holder.

One of the most crucial roles you will fill is in the art of communication. You have gotten real about what it is that you want, and you have a clear vision of what you are going after. This alone should cause enough enthusiasm to carry you forward! Better yet, enthusiasm is contagious, and will motivate others to want to help you succeed. If you feel your enthusiasm beginning to wane, it is time to tweak your vision a little in order to get back that momentum! Others will feed off of that momentum, bringing you closer and closer to your Freedom Day!

Leadership is a process. With proper attention, consideration, and enthusiasm, you will succeed in getting others behind you, following the leader!

Reprint of original article posted on Liveoutloud.com

The foundations for your Wealth Cycle have been laid. Now what?

The last time, we looked at various investment options that are available to you, and the list is not exhausted with just those! It can seem confusing and overwhelming, and you may doubt your abilities to know what to do and when.

Your main focus is on your ultimate goals, and what a Wealth Cycle means to you. It will be up to you to keep your eyes on that focal point, as you lead others to help you achieve your vision.

What do I mean by leading others?

It’s actually pretty simple: no one that I and my team know has ever gotten wealthy by going it alone. That’s because when I am speaking about bringing to fruition your very dreams, it is a really big picture that we are looking at. Your vision will take work, from you, and a team that you create and lead.

The members of this team have expertise in their respective fields. No one expects you to be an accountant, financial planner, attorney, business coach, etc, all rolled into one and still have the time to achieve your goals. You’d quickly lose motivation if you had to wear that many hats! What those who have gained wealth realize early on is that they need the expertise of those professions, and the easiest way to bring that expertise into your corner is to invite it in.

Once you have decided on who you will need to help you achieve your goals, you will then select the individuals who mesh well with your personality, and are willing to be led by you to create the life that you want. This doesn’t mean that you are bossy or overbearing in order to get things done! It only means that only you know your vision, only you feel the true impact of the meaning of that vision for you, and you will want those who are helping you to understand that it is about you and your goals.

I believe so strongly in the establishment of a wealth team, that I have created this year, for the very first time, a national tour. I call it “Team Made Millionaire”, and it is a seminar that I offer to those who are truly interested in not just getting serious about their dreams, but are willing to invest the action it takes in order to live those dreams. I have had a couple of these seminars already, and I can’t tell you the overwhelming response of those who attend, and how willing they are to finally do that which up until that day, they had only entertained in their thoughts.

To finally stand up and say “Yes, this is what I want, and I want to find out what I need to do in order to accomplish it”, I can say is truly amazing. The energy that is brought to a person once they have decided to put their fears in the backseat and take the chance at the life they want is truly exhilirating – both for them, and for me and my team!

When you come to the realization that it will take a team to create your vision, you will bring yourself that much closer to your goal. How you create that team and implement your strategies will make the difference in the length of time it will take you to accomplish your vision.

One year from now, you will be so glad you started TODAY!

Maybe you own your home, have a few stocks or CDs, or contribute to a 401(k) plan that you barely pay attention to.

According to Loral Langemeier, that’s more than you need to tap into the wealth-building power of direct asset allocation.

What’s that?

It’s a proven system of financial strategies that the smartest (and richest) investors have been using for years. You don’t need tons of money. You don’t need special insider knowledge. All you need is The Millionaire Maker’s Guide to Wealth Cycle Investing.

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Reprint of original article posted on Liveoutloud.com

Are you paying yourself first?

You have placed the Lifestyle Cycle on the back burner for a while, focusing your talents and energies on building a Wealth Cycle instead. A Wealth Cycle is the best reward for this seeming “sacrifice” – you’ll see! Believe me, one year from now, you will be so glad you started when you did!

When you look at your Wealth Cycle, you will want to start focusing on your asset column. Assess how the asset column is performing. There are four essential steps to make sure that the foundation of your Wealth Cycle is solid and intact:

1) Paying yourself FIRST
2) A thorough review of entity structure and tax implications
3) Clarification of the decision to be an active or a passive investor
4) Develop and commit to money rules

You have a foundation set, and now get ready to accelerate your Wealth Cycle! In accelerating, this is where you leverage your assets to generate more wealth and passive income. It is about learning and utilizing high-end investment strategies, tax benefits, and entity structuring.

What are some options for investing strategies?

1. Cash and cash equivalents: savings accounts, checking accounts, money market accounts, certificates of deposit, treasury bills.
2. Bonds: savings, U.S. Government, municipal, high-quality corporate, junk bonds.
3. Stocks: large cap vs. small cap
4. Real Estate: cash, cash flow, commercial, raw land.
5. International securities
6. Precious metals: gold, silver, platinum.
7. Natural resources: minerals, oil and gas (my personal favorites)
8. Collectables: stamps, coins, gems, artwork.

This gives you an idea of the array of options available to you for you to invest in. With a recipe of education and support, consistency, motivation, and creativity, you can leverage these options to accelerate your wealth.

It’s all learnable and doable. I know – I did it for myself!

Reprint of original article posted on Liveoutloud.com

You are committed to setting aside that Lifestyle Cycle and exchange it for a more profitable, more ultimately rewarding Wealth Cycle. You won’t be disappointed! Nothing feels better than the feeling that you have some control over your financial destiny, rather than letting destiny control you.

So, what exactly do I mean when I say a “wealth cycle”?

I have defined a wealth cycle as the first step in the process of paying yourself first. When you pay yourself before you pay anything else, you are establishing a habit that gives you the ability to accumulate assets. Once you have begun to accumulate assets, you will then have the opportunity to invest in order to create passive income. Passive income is where your money is now working for you, creating more money. This is where you want to be!

By setting up your wealth plan to automatically allocate money into your asset column, you create a foundation that allows for your overall wealth plan to stay activated and funded. This foundation provides the structure from which you will build.

In regards to wealth, I believe that it is not a one-time deal, that you just set up an account and don’t worry about it for another five years. In creating the type of wealth that you dream about, you will need to play an active role, leading your wealth forward over time. Creating wealth is a personal vision that you hold, and you need to be an active participant in achieving that vision.

Your vision of wealth can never mean any more to anyone than it does to you, so plan on being there and involved for the duration.

Here is your mantra for the week: “PAY MYSELF FIRST.” One year from now, you will be so glad you did.

About Loral
Loral Langemeier, founder of Live Out Loud, is the best-selling author of, The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do. A team made multi-millionaire by age 35 she actively invests in business, the stock market, multiple real estate ventures and more. Through her diverse experience, she developed the concept of a Financial Wealth Cycle which is the core of her coaching programs. President of several companies, Loral is a nationally known speaker, coach and author.