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May 31

Memorial Day Videos

Posted on Monday, May 31, 2010 in Uncategorized

For those who did not get on your computer on memorial day I thought you would enjoy some of the videos that were available.

Mike Mansfield
Amazing Grace
Ring of Freedom

We are so blessed to live in America. Madalyn

Photo Credit: Creative commons

May 28

Wealth Building 101 – You have to have boundaries

Posted on Friday, May 28, 2010 in wealth building

The thought of boundaries strikes fear into the heart of a freedom loving, renegade, dreamer/creator like me but I now realize why I need to have them if I am serious about wealth building. Energy that is not channeled by boundaries tends to be scattered and dissipates without much effect. Energy that is not channeled can even be destructive.

My Kiyosaki, Rich Dad education coach is helping me to understand the concept of boundaries on my path to wealth building. He has me working within a dream achievers program that forces me to break down my dreams into goals, projects and action steps. The action steps have priority of 1, 2 or 3.

A 1 must happen in a day, a 2 within a week and a 3 is on the someday list. The challenge for me is the 1s and 2s are generally not fun tasks but they must be done. It is much more fun for me to day dream about the 3s.

Once my goals are entered into my dream achievers program a schedule for each day is generated that sets my agenda. Agenda is another word I have not been fond of. All of these boundaries and agendas seem so anti-freedom. I expressed this concern to my Kiyosaki, Rich Dad education coach. He understood exactly where I was coming from but patiently explained that my true freedom and success with wealth building would come from setting and living within boundaries.

Here are some examples of boundaries:
Setting goals – Goals are a dream with a deadline
Deadlines – A date that a task must be completed or there will be negative consequences.
Agendas – Set the program for how something will be accomplished
Budgets – Set limits on the amount of money that can be spent on a project or within a set amount of time
Rules – Guidelines that must be followed
Laws – Rules with more severe consequences for not being followed

Values – Rules for behavior that benefit all concerned

So look at it this way. E + B = FM = S = F. Energy plus boundaries = forward motion = success = freedom. Enjoy the journey. Madalyn

Enjoy a similar post: Hope is not a strategy

May 26

Wealth Building 101 – Why you need a coach


Last Monday I had 3 coaching calls before noon. One with my Kiyosaki, Rich Dad education coach, one with my network marketing coach and one with my personal and business coach. Yesterday I took my horse and had a lesson with my barrel racing coach.

Why do I work with all these coaches? The answer is simple. All these people know more than I do about what I want to get better at. I want to become more money smart, be a stronger network marketer, a better writer and person and learn to barrel race. I sure can’t do these things by myself and be successful.

Being coached is not always a pleasant experience. I don’t particularly enjoy being told what I am doing wrong but I know my coaches have my best interests at heart and they give me positive feedback along with the constructive criticism.

My coaches see what I can’t see. For example, with my barrel racing, I am supposed to run my horse full speed to a spot a few feet from the barrel, slow down enough to turn, but not lose momentum. I find that when I slow my horse down we lose momentum and end up losing a lot of time in our turns.

My coach was able to see that I was stopping my body momentum instead to continuing to drive my horse forward even as we slowed down to prepare for the turn. She modeled what she wanted me to do on the horse she was riding.

My coach pointed out that I was thinking slow down when I really needed to be thinking gather and prepare. A Ha! I got it. I doubt I would have figured this out myself and even if I did it would have been after much stress for me and my horse.

I also tend to be off in my timing when I ask for my horse to get ready to turn. Unfortunately, this is not something my coach can teach me. Perfect timing has to come through feel and this will take lots of practice. What my coach can do, however, is help by calling out when to give the slow down cue until it becomes instinctive for me.

In summary, why you need a coach:

A coach knows more than you about the subject you want to get better at
A coach has your best interests at heart and gives you encouragement even as they point out your mistakes
A coach sees things that you can’t see
A coach will model the correct actions
A coach will point out your limiting or incorrect beliefs
A coach can cover for your lack of skill while you practice

I love my coaches. I would recommend the Kiyosaki, Rich Dad education training program to anyone looking to go to the next level in becoming money smart. I love my business coach. She is a true friend and mentor. I love my network marketing coach and would never try to work my business without her. My network marketing coach works with me and my group in the big business, network building model. I am looking for a few partners who are ready to increase their cash flow monthly quickly and predictably. Contact me. Madalyn

For similar information check out: Is you dream big enough?

May 20

Network marketing: See it. Want it. Do it.

Posted on Thursday, May 20, 2010 in Network Marketing

My business partner, John David Mann summed up the three things which have to be in place for a person to realize the significant cash flow monthly available from a network marketing business. You have to See it, Want it and Do it. I think most people can understand the need to want it and do it but what does See it really mean?
When he says See it, he means see the big business model of network marketing. Most people have only been exposed to the small business, product selling model of network marketing so even when the big business model of building a network of customers is presented they can’t really See it. I have come to understand that, like me when I first heard about network marketing, most people do not have a frame of reference in their minds to fit the big business model of network marketing. Selling products is the small business model for network marketing and what most people can relate to.

Both the small and big business models of network marketing are legitimate but they are very different. Much of the misunderstanding of the network marketing industry involves confusing the two models. People want the passive cash flow monthly of the big business model but because they don’t really understand it they end up doing the small business model.

These new network marketers are expecting to get the significant, passive cash flow monthly they heard about in the presentation of the big business model and when they don’t see these results, with their small business model efforts, many get frustrated and quit. This misunderstanding is rampant in network marketing and creates a disconnect that is bad for the industry so I would like to clarify the differences.

The small business, self employment model for network marketing is a time for money model that can bring nice returns to a person looking to build a storefront type business without actually having to stock products. The income from this model can be significant but will be limited by the time a person has to find, educate and communicate with customers. The better you become at these skills the higher your check will get but the less time freedom you will have.

Small business or self employment network marketing model:
Focus on product sales
Focus on large personal base of customers
Focus on commissions generated from personal customer base
Focus on educating customers about products
Focus on communicating with customers about product discounts to generate sales

Income limited by time available to spend with finding and keeping customers

Big business or leverage model of network marketing:
Focus on a simple, duplicable, effective, profitable system
Focus on building a network of customers by leveraging the networks of others
Focus on commissions generated from sales all through your network
Focus on educating partners on personal growth and business skills
Focus on communicating with partners how to maximize their checks
Income not limited by time because you leverage other people’s  time

In my post, raise your cash flow monthly by $500, I describe the small business model. Why do I do this when I think more from the big business model? I do this because this is where I started in network marketing. The small business model is where most people can relate and through working the small business model a person can bring in some income even as he or she develops the skills needed to work the big business model.

To become a big business thinker you have to change who you are fundamentally and change your habits to match who you are becoming. This is a process and a journey.

For those reading this blog who feel you see the big business model of network marketing, want it and are ready to do it, I am looking for 3 new partners who are ready to move quickly forward over the next 30 days. Contact me. Once I have my 3 big business partners I will not be looking again for at least 6 months. Small business partners are always welcome to work with me at your own pace. Madalyn

May 17

Wealth Building 101 – Waiting for the best deal

Posted on Monday, May 17, 2010 in Financial Education, Rich Dad Education, wealth building

Playing the Kiyosaki, Rich Dad education game, Cash Flow, has taught me about becoming money smart but even more value has come from the wealth building mindset the game fosters. The game teaches how to manage your cash flow monthly but it also teaches you to be patient and wait for the best deals to come along.

The object of the Kiyosaki, Rich Dad education game is to get your cash flow monthly higher than your expenses. If you spend every penny you have the first opportunity you get the chances are you will be disappointed when a better cash flow monthly deal comes along and you have no money to invest.

While there are characteristics of a good deal that are specific for certain assets such as businesses or real estate, there are also characteristics of a good deal that seem to hold true for all endeavors.

For example, does your deal withstand evaluation of the details:
In relationships it is wise to get to know someone before you make any commitments.
In real estate, you want to get to know a property well before buying it.

In the stock market, you want to look at the balance sheets and management of any company you buy stock in.

For example, compatible friends, neighbors and sectors:
In relationships you would want to look at the kind of company a person keeps to get a better understanding of their true values.
In real estate, you would look closely at the neighborhood before making a purchase.

In the stock market, you look at other companies in the same sector and see how you company compares and how the whole sector looks in relation to other sectors.

For example, good cash flow:
In relationships you would look at the persons financial status and beliefs about money and assess the person’s ability to contribute to any joint project.
In real estate you would want to determine the cash flow monthly you would be able to count on from the property after taking into consideration all expenses and possible periods of vacancy.

In the stock market, you would expect you stock to rise in value or bring in cash flow monthly via dividends or covered call options.

For example, staying power:
In relationships you would want to invest your time in someone only if you felt they would hang around long enough to be worth the investment.
In real estate you would want a property that was well built and in good repair if you intend for it to pay you consistent cash flow monthly.

In the stock market you would want a stock that you are comfortable holding long term even if the market takes a dip. A good stock will pay you cash flow monthly even in a flat or down market if you get dividends or option income.

For example, good values:
In relationships you want someone who shares your values.
In real estate you want a property that offers good value to your tenant.
In the stock market you want a company that offers a product of quality that is in great demand.

In summary, the best deals have these common characteristics:

Require you to do your due diligence to get to know them personally
Surround themselves with other good deals
Contribute back what you put in
Have real value and willingly offer real value to others

The Kiyosaki, Rich Dad education game, Cash Flow teaches how to find good cash flow monthly deals and avoid the bad ones. You can learn these same lessons in real life but real life is not nearly as forgiving as a board game. Madalyn

For additional thoughts on wealth building get our free e book.

Want additional financial education check out these money smart skills:
Reduce debt
Increase cash flow monthly by $500
Invest in assets

Photo credit: http://www.flickr.com/photos/ell-r-brown/ / CC BY 2.0

May 15

The 3 hurdles info product gurus never talk about that keep you from creating passive income

Posted on Saturday, May 15, 2010 in Good stuff from others

Guest Post by Molly Gordon

Have you ever wanted to create an information product–an ebook or audio, for example–and gotten stuck in the process? There’s a reason for this, and it’s not that there’s something wrong with you. When you understand the reason, you can jump the three hurdles that keep you from the holy grail of passive income.

Info product gurus make producing passive income sound easy. All you have to do is bang out a few pages of content or record a quickie teleclass, wrap it in a glossy package, and write some killer sales copy. Then you can relax while the money pours in.

But when you care at least as much about doing good work as you do about money, you instantly run into three hurdles.

1. The sleaze factor
2. The slickness factor
3. The hump factor

The sleaze factor
—————————–
The first hurdle to creating an info product is that so many of them appear (I dare say are) sleazy. They’re not created to guide clients toward a desired goal but to lead them into buying another product or service. In other words, they are thinly disguised advertisements.

Even though you are clear that this is not what you’re up to, the sleaze factor contaminates the whole process, eating away at your vision and enthusiasm. It’s hard to even start an info product when the whole idea makes your stomach turn.

It can seem as if info products are for the sleazy-minded, and since you’re not, you figure they’re not for you.

Fortunately, this is a hurdle you can jump. But before we go into that, let’s talk about the other two hurdles.

The slickness factor
Info products that sell well are packaged well. Sometimes it seems they are packaged too well. More time and attention is invested in slick packaging than in valuable content.

The emphasis on slick packaging can keep you from promoting your product effectively because you don’t want your buyers to feel let down when they come to use the product. You need a good package to sell it, but what if your product doesn’t stand up to its image?

Because of the slickness factor, you can doubt the value of your product. And that can be enough to close off the income stream.

The hump factor
The third hurdle to creating passive income with an info product is the hump factor.

The good news and not-so-good news is that creating a product is a creative process. It’s got ups and downs, humps and bumps. And if you believe it’s supposed to be easy, you’ll think there’s something wrong with your idea. The product is stopped before it starts.

3 keys to jumping the hurdles and creating passive income
None of these hurdles is so high that you can’t jump it. In fact, when you can see them clearly, you may find that getting over or around them is pretty easy.

And to make sure of that, here are three keys to jumping the hurdles so you can create info products that delight your clients and bring in income.

The first key: Know where you’re going
A hurdle is only an obstacle if it’s actually blocking your path. When you are clear about what you are going to create and how it serves both your clients and your biz, the first hurdle tends to dissolve.

The sleaze factor dissolves because it doesn’t apply to you. The very fact that it turns you off proves this.

To be clear about how your product is not sleazy, you need:

1. A simple statement of what your product will do for your clients.

2. A simple summary of what the product will do for your biz.

For example, a graphic artist might write down the following for an info product about about do-it-yourself business card design.

Will do for my clients: Give people who aren’t ready or able to invest in professional design a template so their own designs are more effective.

Will do for my biz: Give new clients a way to make a small investment to get to know me. Show clients the limits of do-it-yourself design without pressuring them to hire me. Bring in passive income as it attracts new clients.

With these two things in mind, the graphic artist can jump the sleaze hurdle gracefully.

The second key: Understand how packaging helps clients
No doubt about it, packaging is super important for selling your info product. But that’s not it’s only function. Done correctly, packaging makes your product more useful and increases the likelihood that your clients will actually use it.

Packaging makes products more useful. A well-designed product is easier to use. Good packaging (which includes how the product is organized as well as how the outer package looks) makes the most important points stand out from the rest. It makes it easier to find specific bits of information. And it draws the user in so s/he engages more with the content.

Packaging makes it more likely your clients will use your info product. Who wants to sell an info product that ends up on a shelf or languishes on your client’s hard drive? That’s what usually happens with ordinary-looking info products. A stand-out cover and attractive insides make your product more memorable and thus more likely to get used.

When you understand how packaging helps the buyer, it won’t seem to be a slick gimmick. You’re over that hurdle.

The third key: Have a structure for the creative process
When you’re very familiar with a particular art or craft, you may not need to spell out the steps in the creative process. But when you’re creating something unfamiliar, knowing the steps of the process will help you get over the hump and stay on track.

When it comes to info products, one of the most misunderstood parts of the creative process is gestation.

Gestation is the phase where an idea goes underground. During gestation, your idea is less clear, even invisible. If you aren’t paying attention, you’ll overlook the idea when it sprouts. You’ll mistake it for one more random possibility that won’t turn into anything concrete.

To get over the gestation hump, record your idea so you can keep track of its growth. It’s like checking to see if a seed has sprouted so you can either tend it or start over.

You can do this
You can create info products that serve your clients and bring you passive income. With a little practice and support of others on a similar path, you’ll end up with a product you can be proud of–and one that your just-right clients will gladly buy and use.

Why this is up for me right now…
One of the things we’ve focused on in Shaboom County is creating info products. We did a teleclass on it and I even wrote an ebook about it for the Shaboom County Library.

Right now Shaboom County is closed to new members. But in a few weeks this online community will be open to new members for just one week. Before membership reopens, you’ll have a chance to download 5 different goodies from the Shaboom County Library so you can get a taste of what’s there for you.

In other words, stay tuned. ;-)

Photo by: n.kuzma via flickr
Under a Creative Commons License

May 12

Network Marketing: How important is the product?

Posted on Wednesday, May 12, 2010 in Network Marketing, Testimonials

Regardless of what some may say, your network marketing product is hugely important and here are the reasons I believe this:

Passion for your product shows when you talk to someone
Your customers and business partners must like your product well enough to become loyal, consistent consumers
Your product must be unique enough that people can’t just get it anywhere
Your product must be fairly priced and give fair value to the consumer

That being said, when building a business your product is not the only thing to consider. You also have to consider the business system and management. Here is my experience that has led me to this conclusion.

I have been part of one network marketing company with an incredible product for almost 20 years. I still get a good check but lack of a business system and bad management has almost brought the company down several times. Based on my concern for the long term viability of this company I joined another company that also had a unique product and a solid business plan and management with a long range plan.

The power of a new exciting product was confirmed for me last summer when my new company, Xango, introduced the stress relief, herbal product, Eleviv. Within 10 minutes of taking 2 capsules I felt relaxed and sleepy. I slept like a baby that night and generally felt like a weight had been lifted off my shoulders. My business partners saw similar results. Not only did we personally see the immediate benefits but we started using the Eleviv on all kinds of animals. Seems that stress is stress whether you are two or four legged. One of my partners, Stephanie, actually put together an e book with lots of cool Eleviv case histories.

Since Eleviv was introduced and I had such great results my business has taken off with fresh energy. I have a new business partner and several of my other partners are equally excited. Plugging this new, powerful product into a great business system gives value to both the customer and business person. So, based on my experience, product is always important for your customers but not enough to build a big network unless you have the business systems and management in place as well. Madalyn

Concerned about selling? Check out Is network marketing selling?

May 10

Kiyosaki Rich Dad Education: Cash flow monthly gets you out of the rat race

Posted on Monday, May 10, 2010 in Financial Education, Rich Dad Education

Your underlying beliefs about money show up like crazy when you play the the Kiyosaki, Rich Dad education game, Cash Flow. My new Xango business partner came over with a friend last Friday and we all played for about 3.5 hours. I love to watch the reactions of new players.

The Kiyosaki, Rich Dad education Cash Flow game is designed to teach the importance of getting your passive monthly cash flow higher than your expenses. Debbie drew the doctor card and her friend, Bruce, played as a truck driver. I was a lawyer this time. Debbie, with her high doctor paycheck got off to a roaring start and quickly purchased an apartment complex bringing in a whooping $1,700 passive cash flow monthly.

Bruce made a good stock trade and bought a nice 3/2 rental house. I bought a condo but it did not bring in much passive cash flow monthly so I was behind the others. Debbie eventually sold her apartment complex because she needed much more passive cash flow monthly to cover her high expenses. After she paid off many of her expenses she started over to purchase the additional assets needed to bring in high passive income. As a doctor, I can sure relate.

Bruce in the meantime, with his lower monthly expenses, sold his 3/2 rental house and bought the apartment complex and just that quick he achieved the goal of getting his passive cash flow monthly higher than his expenses and was out of the rat race. The look on Debbie’s face was priceless. I can tell this woman likes to win. I love that in a Xango business partner.

I usually get out of the rat race quickly but this game was an exception. When we stopped playing I had just landed on the downsizing space for the 3rd time and was completely broke even though I still owned the condo. The next morning I asked God what had happened to me in the game. God explained gently to me that basically my attitude had sucked. I have had some financial disappointments in the last few weeks and evidently they have made me cynical.

I had to admit grumbling when I landed on the baby space which immediately lowered my cash flow monthly by $380. Then I said something to the effect, “this always happens to me” when I got downsized. I promptly got the game back out and started where I had left off, dead broke.

Here are the lessons I got this time from playing the Kiyosaki, Rich Dad education game Cash Flow:

Stay in gratitude
Wait for the best deals
Focus on cash flow monthly
Let go of fear
The bank is your friend

With an improved attitude I promptly hit the baby space twice more and was downsized again but interestingly I had my passive cash flow monthly over expenses and was out of the rat race in about 1 hour. Attitude may not be everything but it sure helps. Madalyn

Want additional financial education check out these money smart skills:
Reduce debt
Increase cash flow monthly by $500
Invest in assets

May 5

Wealth Building 101: Is your dream big enough?

Posted on Wednesday, May 5, 2010 in wealth building

One of the biggest challenges to wealth building is not having big enough dreams. After all wealth building is all about reaching your dreams and mediocre dreams do not inspire enough to motivate action.

I had a session with my Kiyosaki Rich Dad education coach and he made an interesting comment. He said so many of the people he coaches spend way too much time focusing on dreams that aren’t big enough to cause them to do the hard work required to reach them.

Here are some examples of dreams that tend not to inspire consistent wealth building actions:

Get out of debt
Save money for the kid’s college
Have money for retirement
Give more to charity

While all of these dreams are good I don’t see many people missing American Idol to work on them. They are important, worthy dreams but not big and exciting enough to motivate us to do the daily wealth building activities to achieve them.

On the other hand, here are some big, personal dreams that are more likely to stimulate the effort of wealth building:

Own your own farm
Take a year off work and travel around the world
Work entirely from home so you can spend time with your family
Become a professional golfer, rodeo contestant, race car driver, etc.

Big dreams, that are personal, will get you off your butt and into your office, on the computer or out finding business partners or customers. Big, personal dreams burn at your heart and keep you restless until you achieve them. They force you to focus on those boring details you don’t really want to pay attention to. The interesting thing is that when you become the person you need to be and do the things you need to do to realize big dreams often your other dreams happen naturally.

Next time you find yourself restless and unmotivated to improve your life, look at the dreams you have chosen and ask if they are big enough. Do you care enough to reach them. If not, search your heart for dreams big enough for you to take the wealth building actions to reach them. Madalyn

Like this post? check out Wealth building – Why Bother