Welcome to Jim Rohn's Weekly E-zine
Issue 285 - April 18, 2005
 
Jim Rohn International - The Official Site of America's Foremost Business Philosopher

Today's issue is going out to 123,961 weekly subscribers. Thank you in advance for forwarding this issue to friends, family and associates!

Special Note: In this week's Guest Article Section we feature financial expert Loral Langemeier. Loral, in addition to being an expert in finances and specifically in the area of investing and real estate, has tons of information, tons of energy, is very smart - but most importantly she has done it! She became a self-made millionaire by her early 30's. She currently owns well over 100 properties and has thousands of people come through her coaching and mentoring courses. This week we also feature 2 new products (related to Real Estate) along with 3 time tested products (related to investments, debt reduction, business ownership and tax strategies) by Loral in our Weekly Product Special. You'll find the 3 special packages we have for this week only, being offered at 50-75% less than they are on Loral's own website. These packages contain the same information that she charges thousand of dollars to share in her seminars and with her coaching clients. So be sure to take advantage of this week's Special Product Offer.
 

Thanks and Enjoy Today's Edition!
 
JR/JRI
 
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"Asking is the beginning of receiving. Make sure you don't go to the ocean with a teaspoon. At least take a bucket so the kids won't laugh at you." Jim Rohn
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Today's issue includes:
 
1. Article - Skills Make Labor More Valuable by Jim Rohn
2. Vitamins for the Mind - Kids by Jim Rohn
3. How to Build Your Wealth by Loral Langemeier
4. Weekly Blowout Offer!
5. Jim Rohn Testimonials - April 12 - 18, 2005
6. More Information
 

As you know by now, if you have been a long time student of my philosophies, I'm a very big proponent of activity, labor and discipline. In fact I devoted one of the five major pieces to the life puzzle (in my book under the same name) to the subject of activity and labor. But now let me add another key word to the labor equation - skillful. Yes, skillful labor.

We need the skills to help build our family's dreams, the skills to stir up an enterprise and make it successful. We need skills to build equities for the future. We need skills of all kinds.

How about this - skillful language. If you just talk to your family you can hold them all together, but if you skillfully talk to your children you can help them build dreams for the future. That is why I spend so much time at the Weekend Seminar on communication - how to affect others with words. You can't be lazy in language - it cost too much. What if you meant to say "what's troubling you?" and instead you said "what's wrong with you?". Wow, that's too big a mistake. And sure you could have made that mistake 10 years ago, but not now. You should have gotten much better by now in language and communication.

Skills multiply labors by two, by five, by ten, by fifty, by one hundred times. Hey, you can chop a tree down with a hammer but it takes about 30 days, called labor. But if you trade the hammer in for an ax, you can chop the tree down in about 30 minutes. What's the difference in 30 days and 30 minutes? Skills. Skills made the difference.

So do what you can - labor. But also do the best that you can do - improved skills. And you will find that the labor combined with skills will start producing miracles. Miracles with your money, miracles with your family and miracles in every part of your life.

How many languages can a child learn? As many as you will take the time to teach them.

Even kids can get started on becoming financially independent. Kids can make profits long before they can legitimately earn wages.

Kids ought to have two bicycles: one to ride and one to rent.

Kids don't lack capacity, only teachers.

I teach kids how to be rich by the time they are age 40, 35 if they are extra bright. Most kids think they are extra bright, so they go for 35.

What should a child do with a dollar? Here's one philosophy: It's only a child and it's only a dollar, so what difference does it make? Wow, what a philosophy! Where do you suppose everything starts for the future? Here's where it starts - it starts with a child and a dollar. You say, "Well, he's only a child once. Let him spend it all." Well, when would you hope that would stop? When he's fifty and broke like you?

If kids clearly see the promise, they will gladly pay the price.
 
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Vitamins for the Mind is a weekly sampling of original quotes, on a specific topic, taken from The Treasury of Quotes by Jim Rohn (TTOQ). TTOQ, a beautiful, burgundy hardbound book with gold foil lettering, is a collection of over 365 quotes on 60 topics gathered from Jim's personal journals, seminars and books spanning over 39 years. To order the TTOQ by Jim Rohn or Excerpts from TTOQ by Jim Rohn or Brian Tracy, please go to http://monthly.jimrohn.com ==================================================
 

Just as you follow a recipe in a very certain way, there's a very specific process that you must follow to become wealthy. You must build a solid foundation one step at a time.

In my Building Your Wealth Cycles program, I go in to great detail about the seven components of my specific wealth building technology; the very one used to create my own personal wealth. These components are:

Your Financial Conditioning - how you think and act in regards to wealth and success.

Your Financial Baseline - where are you financially at this moment in time?

Your Financial Freedom Day - the month, day, and year you will be financially free.

Managing Your LifeStyle Cycle - how is your lifestyle sabotaging your ability to be financially free?

Building a Wealth Cycle Foundation - creating a plan to support your financial foundation.

Wealth Acceleration - using advanced strategies to explode your wealth.
Leadership of Your Wealth Team - Building and Leading the team that will support your success.

Today I am going to give you an introduction to these seven components. My goal is to spark your imagination and show you what is possible for you provided you have the right education and guidance. So let's begin talking about each of these components.

Your Financial Conditioning
Let's talk a little bit about your psychology. See, we've been conditioned about our money beliefs since we were young. In fact, most of our beliefs were defined between the ages of one and eight years of age. For many of us our financial conditioning started while we were in our mother's womb. We were the confluence of hundreds of years of conditioning through our parents, grandparents, and great-grandparents. During the early years of our lives our financial conditioning was influenced to a great degree by those who provided care for us and were influencing our upbringing. Our family, religious educators, and teachers.

Relative to money and finances, what ideas did your grandparents have about money? How did that cause them to behave in relationship to their money? Were they big savers? Did they think they couldn't afford things? Were they putting it away for a rainy day? Or did they believe that money was the root of all evil? Probably for most they lived through the Great Depression, which caused an entire generation to have a scarcity mindset rather than a prosperity mindset. And unless your parents decided to think and behave differently towards money you probably were conditioned with the same scarcity mindset that's been passed down through the ages from one generation to the next.

To paraphrase, your financial conditioning is how you think about yourself in regards to success and wealth, how that thinking shows up in your actions, and more importantly how it impacts your results. It is something that you will need to be aware of and correct. When I say correct, it may be a little misleading, as your financial conditioning is something that you will need to self-manage for the rest of your life. It isn't something that you can check the box and say, "I'm done and I have arrived." Your psychology will always be impacting your decision-making process along your wealth-building journey. Your financial conditioning is so much a part of who you are at a cellular level, the more sophisticated you become the more you'll be able to rationalize your current position even though you know it's not where you want to be right now.

Your Financial Baseline
As we look at your financial baseline I want you to think about where you are. This is critical, because in order to improve your finances and even begin wealth creation you have to know exactly where you are. How much money do you make? How much do you spend? Are you in debt? Do you have any savings?

These are all important things to know in order to make educated decisions about what actions to take moving forward.

To me developing your financial baseline is one of the most emotional exercises that you will ever do. Your financial baseline is a reflection of your past financial awareness. Whatever conditioning has brought you to this very moment in your life financially has also created your results. You have to get an accurate reading of these results. Not good, not bad, not right, not wrong, it's just what happened. Once we combine this piece with our wealth technology then we can change your course direction and start marching you towards the wealth and the life that you really want.

A couple of steps are necessary to get your financial baseline organized. First you need to organize what I call your "financial filing cabinet." Most people have a lot of paperwork and clutter around their filing cabinet. So, I'm going to give you some structure that will start creating some sense and some logic to the flow of your financial information. The second thing is, I need you to complete a personal and business profit and loss statement. A profit and loss statement is one of the primary financial statements we'll be talking about, also known as an income statement. The third thing I need you to do is complete a personal balance sheet.

Although this is the fourth step in this program, it clearly is not the fourth in priority. Protecting your business is very important. The protection of your business is done through proper entity structuring and maximizing tax strategies.

Your Financial Freedom Day
This is the day that you declare your vision. It's where you want to ultimately end up financially. I always say this the day you will begin to live your "want to" life versus the "have to" life. You need to design this as specifically as you can from this moment forward.

Let's just say you're going to start with 5,000 a month passive income. Do you want to be a millionaire? Do you want to be worth two, five, ten, a hundred million? What's your net worth going to be when you have freedom day? Are you going to be a real estate investor, stock trader, or entrepreneur? How old will you be when you get it? Are you going to be 25? Are you going to be 40? Are you going to be 50? And what I like to do is have you put a day, month, and a year. You know, I said that before I'm 35 I want to be a millionaire and I created it while I was 34. In fact, I created it June 12th the year that I turned 34.

Writing down goals enables what you want to stay in front of you. However, keep in mind that you must keep some reality to it because just like muscle development, if the goal is too far out, you won't have enough tension in the muscle, you won't have enough tension in the goal to really want it. You'll just say, "Oh, that's just so far out." And if it's too much, too soon, you'll feel like it's impossible. So it needs to be something that's motivating, has some reality in it, and you know that you can achieve it. While you need to be realistic, what I don't want is for you to be paralyzed because you don't know the numbers. Just pick on what feels good, and feel some reality in it, then go with it. You can always modify it later.

Managing Your Lifestyle Cycle
Your lifestyle cycle is most easily described as how you live your life and how it directly affects your ability to get where you want to be financially. One of the quotes that I always use in our programs is that you have to build your assets then build your lifestyle. And I believe that we, as an entire society, have that upside down. Most people, when they get the good job, start making money and buy a bigger house to handle the kids. They buy more cars. And your liabilities of all that debt impact your monthly expenses.

To me, a lifestyle cycle is wrong when your liabilities are really the engine driving your wealth machine. Your assets need to be the engine. If you look at this, all the liabilities that you have -- your total credit card debt, your total student loan debt, the extra boat you had to have, and the RV that you have, all of those create and increase in your monthly expenses. Which is what I believe is the "rat race." That's the continuation of liabilities, expenses, liabilities, expenses, liabilities, expenses. And what doesn't happen is building a wealth cycle which is assets to income, assets to income.

Managing your lifestyle cycle is where you begin to make educated choices about your lifestyle.

Our company's greatest demand for personal coaching exists in helping people break free of their lifestyle cycle, and instead, begin building and living wealth cycles.

Building A Wealth Cycle Foundation
What a wealth cycle is, is the first step in the process of paying yourself first; such that you accumulate assets with the intention of investing to create passive income.

Creating a wealth cycle is a foundational strategy that ensures that money will be automatically allocated into your asset column and that your wealth plan stays activated. This is where you structure your wealth plan such that your foundation is handled automatically. Your kids' college tuition is taken care of. Your retirement money is handled. Your insurance needs are met. It's a financial foundation but it is not an acceleration of wealth.

Very few people set up a wealth cycle and are treating their wealth creation as a one-time transaction. See, I don't believe that wealth creation or investing is a one-time transaction. I believe that you will lead and sustain your wealth over time. Again, you don't have to do it. You have to lead it.

As you look at a wealth cycle what I want you to start focusing on is your asset column. What's there and how is it performing? The four steps that absolutely make sure that your foundational wealth cycle is intact are: 1) paying yourself first, 2) a thorough review of entity structure and tax implications, 3) clarify the decision of being an active or passive investor, and 4) developing and committing to money rules.

Acceleration Of Your Wealth Cycles
This is when you really begin to leverage your assets to generate more wealth and passive income. It is about learning and using high end investment strategies, tax benefits, and entity structuring.

Here are a few options for investing strategies. Cash and cash equivalents, bonds, stocks, real estate, international securities, precious metals, natural resources, commodities, and collectables. In stocks there's large cap versus small cap. Commodities. You can do options and futures. Natural resources. You can do minerals, oil and gas. I love oil and gas. Lumber, paper. Precious metals. You can do gold, silver, or platinum. International securities. You can look at stocks and bonds. Global versus continental versus nation-specific. You can look at growth versus value sectors. You can look at real estate, like I said, in buy holes, cash, cash flow, commercial, and raw land.

You can look at collectables. Stamps, coins, gems, artwork, and other collectables. Cash and cash equivalents are savings accounts, checking accounts, money market accounts, certificates of deposit, treasury bills, savings bonds. There's U.S. Government. There are municipal bonds. There are high-quality corporate bonds and junk bonds. In business there's private placement memorandums, initial public offerings, and many more.

I give you this list not to overwhelm you but to let you know that there are many options available to you. With the proper education and support along with a high level of creativity, you can leverage these options to accelerate your wealth.

Leadership Of Your Wealth Team
The creation and leadership of your wealth team is one of the most important, yet one of the most under-discussed areas of leading your wealth. No-one that we know has ever gotten wealthy doing it alone. They've done it through the use of teams. Why is this so important? You know your vision. You hold it close to you; it is a part of you day in and day out. However, no matter how dedicated, motivated, talented you are, you will not be able to realize this vision on your own. You will need a team behind you. A personal assistant, a bookkeeper, an attorney, a financial planner, a business coach, a mentor like me… any number of these people will become essential to your success. Your ability to strategically decide what team members you will need, and then choose and lead them, will mean the difference between realizing your vision next year, in five years or never at all.

As the leader of your wealth team you have three major leadership roles. First, you must analyze your business to uncover the wealth team members you will need now and in the future. Second, you will need to skillfully locate and secure these individuals as part of your team. Third, you will need to take your vision and continually communicate it to your wealth team in a way that inspires and motivates them to help you achieve it.

Loral Langemeier

Loral Langemeier, author, speaker and founder of Live Out Loud is a pioneer in financial coaching who empowers people to build wealth and achieve financial success. To find out more about Loral's best-selling programs including Expression Of Your Power, Building Your Wealth Cycles and Building, Leading & Protecting Your Business, visit http://loral.jimrohn.com or call 800-929-0434 (or see Weekly Blowout Offer below).

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"Resolve says, 'I will.' The man says, 'I will climb this mountain. They told me it is too high, too far, too steep, too rocky and too difficult. But it's my mountain. I will climb it. You will soon see me waving from the top or dead on the side from trying.'" Jim Rohn
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For years Jim Rohn has subscribed and taught the SIG + C formula of how to create wealth, that is to Save 10%, Invest 10% and Give 10% of your income, starting as early as possible (this is also a must formula to teach and train your kids at an early age). Jim also adds the C, to enlist yourself and your kids in capitalism by finding ways to create income by bringing value to the marketplace (for your kids it can be mowing yards, selling lemonade, fixing up a bicycle, etc).

To save 10% can be accomplished multiple ways, including savings accounts and cds. Giving 10% is fairly straight forward as well. But the investing part can get a little more risky and complicated (knowledge, skills and education are vital). And as we be become adults, finding ways for us to create income through capitalism (starting a part or full-time business or revenue producing income), also requires good ideas and knowledge. And once you've mastered this, SIG + C - saving/investing/giving + creating income, then there is still paying a percentage back in taxes. Not always a fun thing to do, and if you want to minimize your taxes you must implement your knowledge and proven strategies.

All this brings us to a very fascinating person - Loral Langemeier. Loral has been doing and teaching all the above for over 20 years--how to be financially free and debt free, as well as how to create wealth through real estate, investing and business ownership, as well as how to protect your profits and investments from loss and from over paying tax. Basically strategies on how to multiply your earning power, short and long-term income, create long term assets and to pay as little tax as legally possible..

Many of the same strategies Loral gives her $6,000 Round Table personal coaching clients she is about to give to you for just pennies on the dollar. It is also the same information and strategies that she gives her multimillionaire clients!

Loral helps you explore why you will stay in your current cycle unless you develop a master financial plan, and poses an interesting question: "Money will not come to confusion. It comes to clarity. If you are not clear and focused on what you want, how will you get it? Who will you serve?

Here's just a sampling of what you'll learn regarding creating wealth, creating and running a business and learning to Live Out Loud!:
        *Learn how to create a new truth about money
        *Identify the real causes of debt in your life
        *Start using the same money rules the wealthy do
        *Learn the language and vocabulary of money
        *Develop detailed marketing, sales, and leadership strategies that support your vision
        *Establish a personal Financial Wealth Cycle (tm)
        *How to recognize and eliminate false beliefs that have been holding you back
        *How to turn confusion into order, creating calmness and confidence in your life
        *How to eliminate destructive mental cycles and replace them with a creative strategic process that will prove effective for any project
        *How to financially forecast your future
        *Create a comprehensive, fully-realized roadmap for creating an extraordinarily successful self-owned business
        *Maximize tax strategies of up to 50% in savings to you
        *Create an absolutely clear vision of what you want to achieve
        *Define the daily and weekly actions that will implement your strategies and keep your revenues growing
        *Discover the secrets to keeping your business protected from asset drains and unnecessary tax burdens
        *How to turn your Business into an asset and not just a job or hobby
        *How to establish "wealth accounts" to grow your personal wealth
        *How to clarify a leadership role within your business
        *The profound impact of a clear, concise vision
        *How to measure your marketing pipelines
        *How to create and lead a wealth team
        *How to create a step-by-step tactical plan for creating wealth and how to stick to it
        *How to control your money instead of letting your money control you
        *How to acknowledge and overcome what is stopping you from creating the life of your dreams
        *What is passive income and why does it play such an important role in your cycles of wealth?

Loral is an expert in financial literacy and became a millionaire in just four short years. She has shared her financial literacy principles with such business stalwarts as Chevron, Franklin Covey, Home Depot, Marriott, Dupont, Silicon Graphics, and many others.

"If you are ready to make a major paradigm shift, follow Loral Langemeier's counsel. I can honestly say she is one of the most powerful people I know. Plus, the guidance she offers comes from her own personal experience; she Knows how to make things happen." - Bob Proctor (Master Success Coach, Author of best-selling book, You Were Born Rich)

"Loral is the best kept secret in the financial industry. Her work, particularly with women and the creation/building of their wealth, is unmatched. Take every opportunity you can to see her in action." - Mark Victor Hansen (Co-creator, #1 New York Times best-selling series, Chicken Soup for the Soul)

Today we are offering 2 Powerful Packages (or combine both Packages for even greater savings!), each will provide you with strategies and wealth creating and preserving ideas that will be worth 10 to 100 times the investment you make in them.

For more information go online to http://loral.jimrohn.com or call 800-929-0434.

Final questions:

If you are not leading your Wealth Team... who is?
If you are not in the conversation about money... who is?
If you are not Living Out Loud about your vision... who is?
If you are not role modeling success for your family/children... who is?
If you are not pacing your revenue to new performing assets... who is?

The right answer to All of the above questions Must Be You!
 
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"You must get good at one of two things: sowing in the spring or begging in the fall." Jim Rohn
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5. Jim Rohn Testimonials - April 12 - 18, 2005
 
Here are some of the dozens of testimonials and comments we received over the past week from E-zine subscribers.

I love your Ezine by the way!
-- Pelle Johansson

I am such a fan of yours and so if you promote Loral I know she is not only good but great!
-- Paul Houlihan
 
I am a regular recipient of your ezine, and I must say that you a great inspiration to me. I look forward to the day I will meet you personally.
-- Wunmi Agunbiade
 
Thank you. I found the baker's dozen helpful. It was encouraging to note that TV is something I only do when I'm really in a relaxed mood, maybe 2 hours a week. I rarely read a newspaper. I will retype the others that I need to work on and tape them in a place to read and read and read such as I do with affirmations.
-- Marlene A. Sassaman

Love ya Jim, Thanks for all your great words, inspirations and quotes!
-- Nita Kalousek

Jim Rohn's work has had an amazing impact on both mine and my husband's lives over the past couple of years. We live in the UK (Preston, Lancashire) - please let Jim know that he has a massive following over here and that tickets would sell like hot cakes if he ever decides to put on an event here!
-- Jane Turner

I enjoy reading your e-zines.
-- Mark Williams

Thank you E-zine readers, for the sincere and kind words of encouragement and appreciation you sent us this week! -- JRI
 
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"There is no better opportunity to receive more than to be thankful for what you already have. Thanksgiving opens the windows of opportunity for ideas to flow your way." Jim Rohn
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6. More Information
 
Personal Coaching - For those who are interested in personal coaching you can now have access to Jim Rohn International coach - TC Cummings (former U.S. Navy Seal and Personal Development aficionado). For more information go to Jim Rohn Coaching or call 800-929-0434 and talk with Yveatte or Hilary or send an email to info@jimrohn.com.

A Plan of Consistent and Continual Growth! - The Jim Rohn One-Year Success Plan - (99% retention rate) offers a plan of consistent and continual growth in your personal and professional life, all for as little as $17 a month. For details go to One Year Success Plan or call 800-929-0434.

Financial Mastery! Yes, one whole year on Financial Mastery, designed to both educate and help you create long-term duplicatable systems for 12 major areas of your financial world - To enroll today go to Financial Mastery or call 800-929-0434 and talk with Yveatte or Hilary or send an email to info@jimrohn.com

For our MP3 and e-book listings go to Jim Rohn's Download Center

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2005 Catalog

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Copyright/Reprint Info - The contents of this E-zine may be copied, reproduced, or freely distributed for all nonprofit purposes without the consent of the author as long as the author's name and contact information are included. Example: Reproduced with permission from the Jim Rohn Weekly E-zine.

All contents Copyright (c) 2005 Jim Rohn International except where indicated otherwise. All rights reserved worldwide. **Duplication or reprints only with express permission or approved Credits (see above). All trademarks are the property of their respective owners.

Contact Information:

Jim Rohn International
2835 Exchange Blvd., Suite 200
Southlake, TX 76092
800-929-0434
International and/or Dallas/Ft Worth - 817-442-5407
Fax 817-442-1390 or visit the website at http://www.jimrohn.com

Thank You For Reading. Make it a Great Week!

Credit Statement
Reproduced with permission from Jim Rohn's Weekly E-zine. To subscribe to Jim Rohn's Weekly E-zine, go to www.jimrohn.com or send an email with Join in the subject to subscribe@jimrohn.com Copyright © 2005 Jim Rohn International. All rights reserved worldwide.

All contents Copyright © 2005 Jim Rohn International except where indicated otherwise. All rights reserved worldwide. Duplication or reprints only with express permission or approved Credits (see above). All trademarks are the property of their respective owners.

Jim Rohn International
2835 Exchange Blvd., Suite 200
Southlake, TX 76092
800-929-0434
International and/or Dallas/Ft Worth - 817-442-5407
Fax 817-442-1390 or email service@jimrohn.com