MODULE THREE MAKE MONEY WORK FOR YOU The Dream Builders Success System is an innovative, exciting and dynamic new coaching program for individuals who are serious about enhancing their performance, maximizing their productivity, getting outstanding results and living the life of their dreams! 1|Dre am Bui l ders Succ es s Sys tem – Modul e Two
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Welcome to the Dream Builders Success System This unique experience hosted by Len and Karen Allen has been specifically designed to inspire, empower and transform your life. As life and business coaches Len and Karen Allen have over 30 years combined experience helping people to overcome obstacles, conquer fear, breakthrough mental blockages to go on and experience unparalleled success in love, life and business. Working with various clientele from different financial, cultural and ethnic backgrounds throughout the years, they have discovered that the people who go on to achieve the most astounding results are those who have connected to a network of likeminded people and have made themselves accountable to a coach or a mentor who has been dedicated to help them along the way. We look forward to being a part of your amazing success journey!
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Module Three
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Making it Work Dispelling Money Myths MYTH ONE Money doesn't grow on trees Whilst most people say this they do so with no concept of the origin of money and how it does grow. Money comes from ideas and people and both things are valued by how they grow. Let's look at the sample of the stages of a persons growth.
People are like ideas and ideas are like trees.
Conception
A tree grows from a seed
Manifestation
A seed grows roots
Nurturing and Weaning
Roots grow a trunk and Trunks grow a body
Interest creation The Leaning Years
A body of a tree grows branches
The Earning Years
Branches grows leaves and fruits
The Yearning Years
Fruits feed people
They do the same job!
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MYTH TWO Money is the root of all evil In fact as we know it is the lack of money that is the root of all evil What are your beliefs about MONEY?
_____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________ _____________________________________________
MYTH THREE Money cannot buy Happiness What is your definition of happiness? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ _______________________________________________________________ 6|Dre am Bui l ders Succ es s Sys tem – Modul e Two
If your definition included a car, going on holiday, being with friends and family whenever you like or even making a difference, impacting your world, I submit to you that money can buy all those things. What is stopping you from being happy (if not you then people around you)? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ Do you think more money might help? ________________________________________________________________ ________________________________________________________________ _____________________________________________________________
MYTH FOUR Time is Money Not only is time NOT money, they work on two different premises the truth is that this myth is in reverse‌ Time is not transferable but money is. Time is static but money flows Time is limited but money is not Money is greater than time because you can have time and no money and your life will be miserable but you can use money to buy time. What are your thoughts on this statement? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ _____________________________________________________________
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Money and the Broader Sphere
A) The Academics view
B) The Governments view
C) The Green view
D) The Entrepreneur's View
Any commodity that is generally acceptable as a medium of exchange and has a store of value
General view - let them fight over cash because that's not real money To the Poor- We will help you prop up the poverty trap with just enough To the Rich - help us stay in power and we will help you create more money
Our planets can survive if you don't pollute our lands, air and sea, trying to make too much money. So give us the money to sustain them and don't worry about who is hungry Money is a tool that I use to create the lifestyle that I want and help the people and causes I choose to
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WHEN YOU CHANGE YOUR THINKING ABOUT MONEY YOU CHANGE YOUR ABILITY TO GET AND SUSTAIN WEALTH. Len Allen
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Financial Health Audit Understanding where you are and what you know.
How much money do you have coming in
Daily
Weekly
Monthly
How much is going out
How do you make your money, i.e from what sources and how many? 1. 2. 3. 4. 5.
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ How much of a defence is your money right now against redundancy, pregnancy, replacement of domestic appliances and cars, education for yourself and children, cuts in retirement benefits, early retirement, sickness, death, etc?
10 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o
Learn how to beat the Banks
How to create money List 5 ways that banks make money (*see Appendix for some facts about banks)
1. 2. 3. 4. 5.
___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________ ___________________________________________________________
List 5 ways you make money 1. 2. 3. 4. 5.
__________________________________________________________ __________________________________________________________ __________________________________________________________ __________________________________________________________ __________________________________________________________
If your back was against the wall what other ways could you make money?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ 11 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o
Money and profit In your opinion what is the main difference between money and profit? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ Money is not necessarily profit. Profit looks at how much you make less how much you keep. Anyone can make money, it takes skill and activity to make profit
YOU BEAT THE BANKS IN THREE WAYS Don't put all your money in the bank 1.
Invest where they invest, for example in other bank stocks, but also and more importantly in the things they invest in, technology, agriculture, minerals, property and projects 2. Get out of debt quickly 3. Claim back your PPI
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Multiple sources of real income Aside from your job how do you earn money? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________
How many streams of income are within your business? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________
What do you do so well that people ask you to help them with? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ ________________________________________________________________
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Keys to developing a money source that helps people Learn to ask other people what they want. Ask them how they want it.
What do you like to eat, wear, feel, smell, see and hear?
How many other people like that?
Where are the people that like that?
How can I get the result to them?
How much would they pay to have this result?
How frequently would they need this?
Can I do it by myself or do I need help?
Who already does this?
Is there something I can learn from them?
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Starting your business from scratch with no money What type of business do you want to start?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________
Why do you want to do this business?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ What skills do you have or can get connected with?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ 15 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o
You need three things to make to make money in your business Hungry market Demand
Killer product Something that people are willing to buy repeatedly with lots of tangible benefits
Irresistible offer Cost - it used to cost this but if you buy today it cost just.. If you buy this now we will throw in.... For a limited time only… You’ll be the first or the only ones to have this…
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And three things to make them work Marketing Movement Meaning
Does your business have what it takes??
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How to build businesses that last Create Spin offs What could be a bi product or spin off from what you currently do? In other words how could you expand your idea or business?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ What are your thoughts on customer service and customer retention?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ What do you want to be known for or known as?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________
Special Note: Be known for great service, content, prices, and atmosphere The life blood of your business is new
clients
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MONEY MANAGEMENT DISCIPLINES The Time/Money equation Define money management? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ Define time management? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ Is time greater than money? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ How many hours do you use to earn money? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ What is your greatest time management issue? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ How do you use, invest, spend or save time? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________ 19 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o
How does that reflect in your bank account? ________________________________________________________________ ________________________________________________________________ ________________________________________________________________
Discovering how to maximise money When you spend you should; Realise that loyalty does not pay Understand that companies are set up to make money from you Get the best deals and get a good bargain - haggle Buy quality and not fashion unless your business is about fashion When you save you should: Save the money that you save in an interest earning account Take the interest off the top of your savings and buy an assets that produces more money When you invest you should: Know your investment profile - do you want income or growth Know your time horizon - do you want the money ion 5 years or 10 years Avoid get rich quick deals
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The Money Verdict Make it Give it Save it Invest it Protect it Spend it Share it
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WHAT NOW? What are you going to stop doing?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ What are you going to keep doing?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ What are you going to start doing?
________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________
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Appendix How do banks make money? They get you to open accounts, lend you money at higher rates of INTEREST and lend to other banks and countries They charge you when you break one of their rules They charge you for keeping your money They give you loans and charge you for it at high rates They help you create debt and charge you for it They get you to buy things you don't want
You have successfully completed
Module 3 23 | D r e a m B u i l d e r s S u c c e s s S y s t e m – M o d u l e T w o
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Dream Builders Boot camp!
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