Have you watched Bob Proctor’s Secret Income System videos yet? In the 4 videos he talks about one way that you can live a life of financial freedom if you want to. The videos are amazing and have a lot of good content that you can apply to whatever you decide to do.

The first video is about Freedom. What does freedom mean to you? For me it is about Time Freedom – being able to take the time to be with my family when I want to without having to get anyone else’s permission. For other’s it might be about money freedom – having the money to do what they want to do at any given time. Maybe for you it is just not having to worry about time, money, or whatever it is that you have to worry about.

The second video is about what Bob Proctor calls MSIs or Multiple Streams of Income. I have sometimes seen it written as Multiple Sources of Income. Either way, it is about having several income streams or income sources set up that pretty much run themselves without you having to monitor them continually. In other words, he’s not talking about having a second or third job because a job requires your presence in order for you to make money.

One example of someone with multiple sources of income would be an author who has written several books. Take Jack Canfield for example. There are many different titles in the Chicken Soup book series that he started by co-authoring Chicken Soup for the Soul. Each one of those books can be considered a stream of income and Jack Canfield collects a check every so often from the sales of those books, regardless of whether he is actively promoting the books or not.

Of course you don’t have to be an author to have multiple streams of income. There are many ways that you could set something up.

The third video is about Fear. Fear is what keeps us in our place. I love to listen to Bob talking about fear and the Terror Barrier. If you aren’t familiar with the Terror Barrier then for now you can think of it as the boundary around your comfort zone. However you want to look at it, you fear of stepping outside of your comfort zone and through your terror barrier is what keeps you from reaching the freedom that you want.

Check out the videos. I promise you that if you watch them and pay attention to them, they will be well worth your time.

You can register to receive access to them here.

When you have watched them, come back and tell me in a comment below what you thought of them.

Wayne Woodworth

I received a link to this video not too long ago with Mike Maloney of goldsilver.com talking about the soon to come greatest wealth transfer in history. Check it out.

Gold has become very expensive over the last few years, so I like silver. Silver, while getting more and more expensive, is still affordable and regular people still have the opportunity to build up a small stock pile as a hedge against whatever may happen.

It has become very difficult to get a good idea of what is really going to happen with the economy and our currency. What I do know is that our currency is a fiat currency, meaning that it is just paper not backed by anything of real value. I also know that the Federal Reserve is printing more and more currency all the time. One more thing that I know is that there has never in history been a fiat currency that didn’t eventually fail.

That is why I am making sure that I have at least a little gold and silver hidden away somewhere for a rainy day.

One good place to learn how to safe-guard your wealth is with Mike Dillard’s Elevation Group. Mike is learning a lot about how the wealthy grow and protect their wealth regardless of the economy, and he is sharing that information, and his access to the experts, with everyone who wants to learn.

Mike will be doing a webinar soon where you will be able to learn more about what The Elevation Group is all about and how you can gain access to this information. The Elevation Group is how I learned about Mike Maloney, and he is just one of the experts that Mike Dillard has met. Check out the webinar and decide for yourself.

Go here to register for one of The Elevation Group’s upcoming webinars.

Wayne Woodworth

I’ve heard it said many times and from many different people that the Great Depression represents the greatest transfer of wealth in American history. I have also heard, again from many different people over the past few years, that we are facing another transfer of wealth, possibly even bigger than the Great Depression.

What they mean when they say transfer of wealth, at least in this case, is that as the value of one form of wealth declines (the unbacked US dollar) the value of other forms of wealth increase (like gold and silver).

There is a lot of talk right now about inflation, hyperinflation, and deflation. All of the experts are speculating about what is actually going to happen this time around.

This creates an incredible opportunity for people with the right kind of knowledge to position themselves on the receiving end of that wealth transfer. The trick is to get the right kind of knowledge. It isn’t just about buying up all of the gold and silver you can find.

While I have heard many so-called gurus talk about this information, there is only one who I have heard actually talk about how to do all of this. How to buy gold and silver, how to position yourself to take advantage of the things that are going on in the economy, how to protect your wealth. He has been researching the knowledge that he needs to succeed and is sharing it with the rest of us.

Check out Mike Dillard’s 90 minute video that introduces his new Elevation Group program. Mike has also created a sneak peak into the Elevation Group website so that you can see what you have access to. They are taking the videos down tomorrow night, Sunday December 19 at midnight CST, so make sure that you check it out today and see if this is right for you.

Wayne

Elevation Group – annual membership
Elevation Group – monthly membership

Did you know that? The United States Government cannot print its own money. It borrows money as a loan from the Federal Reserve, which is a private bank with its own investors. The thing with the Federal Reserve is that it is the only bank that can print money, so there is absolutely no possible way that our government can pay back the loan.

There are billions of dollars in circulation, but for the sake of this discussion let’s say that there is just 1 billion dollars currently printed in the US. To get that money printed under the current system, the US government had to borrow the money from the Federal Reserve which can print however much they want because it isn’t actually backed by anything. Let’s even say that Government got the loan at an extremely low interest rate and only has to pay $10 interest on it every year. Once they took possession of the money, The US government will never be able to pay off that loan because all that exists is that 1 billion dollars. The only way to get the additional $10 is to borrow more money from the Federal Reserve. It creates a never ending cycle of expanding debt owed to a handful of private citizens.

That is what they mean when you hear people say that we have a debt-based economy. All of the “money” that we use in the US every day is actually a piece of the debt that our Federal Government owes to the Federal Reserve.

Now that the US government has doubled the amount of currency in the market in the past 24 months, some experts are saying that the system is nearing the point of collapse.

In case you haven’t heard yet, Mike Dillard has created a 90 tell-all video about this and other things that are going on with the economy right now and what he is doing to protect his money. The best thing that you can do for yourself right now is get the information about what is going on so that you can make some educated decisions about what to do for yourself.

You can check out Mike Dillard’s video right here. I recommend that you do it now because he is taking it down on Sunday.

Wayne Woodworth

I watched a video that Mike Dillard created to launch his new program, The Elevation Group. In that video he makes many interesting points, and here is one of them that really stands out.

He states that when people reach retirement age, 65, they are required to start withdrawing 6% of their 401k. A financial advisor friend of mine told me that his numbers are wrong, it is actually about 3% at age 70.5. Either way, the point is still valid.

What this could mean as the Baby Boomer generation passes through the age at which they are required to start taking money out, a large number of stock shares are going to be sold on a regular basis, increasing the number of shares of these stocks available on the market. The Law of Supply and Demand states that as this supply increases, the price of these stock shares will fall.

The Baby Boomers right now range somewhere between 46 years old up to 64 years old based on the definition that Baby Boomers were born between 1946 and 1964. The oldest of this generation will have to start pulling out their 401k  and IRA dollars in just 6 years.

As they start to pull out their money, as I said, the stock prices could fall because there will be more shares available and there aren’t enough people in the younger generations to buy them up with their 401k and IRA investments. As this happens, the people at the younger end of the generation will see their retirement funds start to just evaporate into thin air. A more extreme result could be a stock market crash. Kind of scary.

I guess my parents are lucky to be in the older half of that generation.

Mike Dillard is offering a new program to make the financial practices of the wealthy available to people like you and me. That’s what The Elevation Group is about. Check out the video here and see what else Mike Dillard has to say.

Disclaimer: I am not a financial advisor and I do not closely watch the financial markets. I cannot and will not tell you what you should do with your money. I just found this interesting and thought I’d share. Check with a real financial advisor to see how this might affect you.

Mike’s video is only going to be available through Sunday, so check it out now.

Wayne Woodworth

This post is about personal financial matters so I want to be very clear right here that I am not a financial advisor and cannot give you financial advice. Honestly, I’m not even going to tell you directly how to do this, just how to find out how to do this.

Mike Dillard recently launched a new business called The Elevation Group where he is making critical financial training available to everyone who wants to participate. One of the things that he talks about is the benefits of creating your own personal bank. Sounds intriguing, doesn’t it?

Mike Dillard says it gets better.

He said that if you do it right, your personal bank can earn 6% or more tax free. Unlike a 401k or other retirement plan, you can invest as much money as you want and you can withdraw as much as you want tax free and without penalty.

This is one of the ways that the wealthy protect their money into their retirement years. Dillard says that he is learning this technique from the same financial advisor who set one up for Donald Trump.

You can learn how to do this the same way that I am. Just watch this 90 minute video that Mike Dillard created to talk about the current global financial situation and introduce The Elevation Group. After about 79 minutes you will be presented with the options to join and learn all of the wealth secrets that I am learning in this program. To watch the video, click on it once to pause it and let it buffer up for a minute, then click on it once more for it to play.

If you act by Sunday, December 19th, Mike is offering a 50% discount if you sign up on a monthly basis and a 75% discount if you pay up front for a full year.

Are you in with The Elevation Group?

Wayne Woodworth

It is April 15th again and time to hurry to get your income tax return to post office in time to get today’s stamp on it. Actually, I filed my tax return back in February, but April 15th is another tax deadline for those of us who are self-employed. It is time to file our First Quarter Estimated Taxes.

On April 15th we get to see both how close last year’s guess was to how much we actually made last year and we get to make our best guess to how much we will make this year. It can be a challenge because the IRS and the state revenue departments want 4 equal estimated tax payments on April 15, June 15, September 15, and January 18.

It still beats being an employee though and having someone else decide how much money comes out of your paycheck every week. My quarterly tax payments are based on income less expenses instead of just income like those with paychecks have to pay, so I have to pay less in taxes than I did as an employee.

Wayne Woodworth
You can be self-employed too

Do you know how to build financial freedom? Do you know what financial freedom is?

Financial freedom is the ability to go about your life, doing what you want to do, without having to worry about money. Sounds cool and maybe too good to be true, right?

Well, it is true because I know a few people who have it. I have blogged a lot about Loral Langemeier and I believe she has financial freedom. Some other people I follow that you may have heard of, like Mike Dillard, Bob Proctor, and Joe Vitale, also have financial freedom. Closer to what I’m doing, Reid Nelson and Dave Johnson are high-ranking Nikken distributors who have achieved it.

I think that you and I should also be on that list, don’t you?

I quit my job 3 weeks ago today, totally voluntary, so that I could focus on building my own businesses. My primary business is with Nikken, a research company originally from Japan, that offers very unique technologies to help people feel better without having to rely so heavily on drugs and surgery. My goal is to build a team that cares enough about other people to want to offer alternatives for staying healthy,  building income, and establish their own financial independence.

I had some one-on-one time recently with Reid Nelson, one of the people I mentioned above, about what he sees as our real business. He doesn’t see Nikken and network marketing as selling. Instead he describes it as building distribution networks for some amazing products and our income is earned by moving product through those networks. I have to agree with him. I can’t remember the last time that I sold any product and I still get a check every month. I have a website that sells product for me and I get rebates from the product that I buy for my own use. The people on my team buy product for themselves and I make some income from that as well. It’s really a very useful way to look at it.

If this sounds interesting to you, please leave me a comment or contact me through my contact page. I can also be reached through my product site at www.getmywellness.com where you can also see those amazing Nikken wellness products I mentioned.

Wayne Woodworth
Building financial independence through distribution networks

Loral Langemeier has a new book coming out on October 13th, and they are expecting it to be a best seller just like her three Millionaire Maker books are.

I’ve talked about Loral several times here, mostly about her Cash Machine Workshop live event. The reason I devote so much time to her is that she is for real. She isn’t selling a program that requires you to spend a wad of money to learn a bunch of new skills so that you can hopefully start to make a little money in a year or two. She encourages you (at the live events she pushes you) to use what you already know to start making money today. Once you are making money, then you spend the money to hire the team that will support you.

Here’s the description of the book:

Turn what you know into dough!

You Don’t have fixed potential, why accept fixed income? By following Loral’s simple and straightforward approach, you’ll put more cash – $1000 or more a month, into your pocket in no time. I’ve helped thousands of people make extra cash fast. People from all different backgrounds, in a variety of situations, all over the world. People just like you!

Get on the list to be one of the first to get the book. Click here  to Loral’s site.

In the big lead-up to the book, Loral has recorded a free 20 minute video that is all content. You can get to it by going to my PlayLikeAMillionaire site and entering your name and email address. If nothing else, it’s a great free introduction to Loral Langemeier. Go check it out.

Wayne Woodworth
Play Like a Millionaire

I was looking for something to listen to and came across Robert Kiyosaki‘s audio book – Increase Your Financial IQ. It was published in March 2008 and has some very good, current information. I highly recommend it. There was some important information in the first chapter that I want to share here.

In 1971 President Nixon took the US off the gold standard, which changed how our money works. Prior to 1971, the dollar was based on gold, which has intrinsic value. To save money was equal to saving gold, so it made sense to save money for retirement or college because it would hold value.

Since 1971, the dollar is no longer money because it doesn’t have any real value backing it. It is now a currency. The word “currency” comes from the same root as “current”, like an electric current or air current. Currents require movement for them to exist. Likewise, a currency requires movement for it to maintain value.  As you can see from our current economy, as the movement of the dollar slows, the value of the dollar decreases and the economy suffers.

Historically, all currencies eventually go to zero.

Are you listening to those financial advisers who are telling people that they need to reduce their spending, pay off debt, and save for the future? If the value of our currency does go to zero, what will your savings be worth?

So, what do you do? How do you secure your financial future? I’m not a financial adviser, so I can’t tell you what to do. I can tell you what I’m doing though.

First, I’m listening to people like Robert Kiyosaki, Donald Trump,  Bob Proctor, and Loral Langemeier. They teach that a job is a lousy way to make money. Kiyosaki, in Rich Dad Poor Dad, said that a job is a good place to learn a new skill, then move one once it has been learned. The thing I like about these teachers is that they preach what they practice. They look for new sources of income and then use that income to buy more assets that generate even more income, and that is what they teach others to do.

Loral Langemeier, in her Millionaire Maker books and Cash Machine Workshops, teaches people how to build a business as an asset, and that’s what I am doing. To be an asset, the business has to generate a sustainable income. I am building my business in network marketing and affiliate marketing which means that I generate income by promoting products from other companies. That allows me to quickly start making money without the up-front costs of developing a new product.

Once I have a business that produces a steady stream of income, I can take that income to buy more assets that then generate more income. Those assets can be investments in other businesses, real estate, gold, gas, oil, or anything else that has a value and an income stream.

This plan doesn’t mean that you have to live without comforts. In Increase Your Financial IQ, Kiyosaki gives an example of how he bought an expensive luxury car.  He took some money out from one of his assets and invested it so that it would make more money. He gave instructions to the person who managed the investment to let him know when it had increased to the point where he could afford the car, pay the fees for managing the investment, and still have the original value of the asset left over. It took some time to accomplish it, but the car was purchased without any money from his own pocket or by decreasing his net worth. That’s a pretty cool deal, huh?

To summarize, the dollar is a currency and all currencies throughout history have eventually failed. To keep our currency alive and maintain it’s value, it has to flow, which means that saving it in a bank account isn’t the right thing to do. A better way to prepare for your future is to convert your money to assets that maintain their value and generate an income of their own. One such asset is a properly structured business, which in my case is in network marketing.

Just as a reminder, I am NOT a financial adviser. Go check out the books by Robert Kiyosaki, Donald Trump, and Loral Langemeier then find a good financial planner to help you decide what is best for you. Ask your financial planner if he or she is wealthy and if he or she got that way by doing what they are advising you to do. If they aren’t, then find another planner.

Wayne Woodworth
Network Marketing Entrepreneur