Be Wealthy & Smart

Learn how billionaire Sara Blakely learned to reframe to word "failure". Have you listened to the Creating Wealth podcast with Jason Hartman yet? There are over 700 podcasts about real estate. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod Sara Blakely, founder of Spanx, is the youngest, female self-made billionaire in history. Learn why reframing the word "failure" helped her become successful. Want to jumpstart your wealth building? Get the free report: "10 Quick Tips to Boost Your Wealth" at www.lindapjones.com.

Learn Why Mansions Are the Result Not the Cause of Wealth Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod Listener question: If it is about not buying too expensive but buying smart, then why are billionaires and millionaires buying 40/50 million dollars houses, yachts, cars?? Dave Good question. I can see why it's confusing. You might think that's how they are getting rich, by buying huge mansions. The ability for the to afford a mansion came after they built their wealth, it's not the way they built their wealth. Just like athletes sometimes get huge contracts and then buy a big mansion, their athletic prowess is what made them their wealth. Or a Hollywood actor or actress buying a huge mansion. Buying a $50 million dollar house is not what made them rich. Now that they are rich, they may want to enjoy it by buying a trophy property, or they may be looking for ways to park money that is outside of the banking system, in my opinion. That was happening in Miami and NYC (Russians), Vancouver (Chinese), etc. Their are currency issues in foreign countries, so parking some money in the US is an option. That's why we are seeing crazy prices being paid. On a smaller scale, I see this happen with new money all the time. Someone had an influx of cash due to their business or job and they go out and buy a $200,000 Bentley or other car. They do it so they can show the world how successful they are. The problem with it is they have just stopped themselves from creating real wealth because if you don't understand how wealth is built and you don't understand the 6 Steps to Wealth, then you are probably oblivious to the fact they just spent their nest egg or capital that would have created wealth for them! They think their business will go on forever, and I hope it does, but with habits like that, whatever money they make won't be kept, it will be spent! No matter how many millions they make, they still have to pay taxes and they still have to invest for wealth. If they don't invest, the money won't continue compounding and it's gone! That's why professional athletes, lottery winners, and other people who inherit money have gone through it within 5 years. Spending does not equal investing. Especially spending on depreciating assets! The $200,000 spent on the car will be worth less 5 years from now. Whereas if he could have invested it at 8%, it would already have grown to almost 50% more: $293,865 or $294,000! Over 20 years, the $200k at 8% would have grown to almost $1 million! ($932,191) In 30 years, over $2 million! A person buying a $50 million mansion also already has their wealth, so if they want to use it for toys, that's up to them. For anyone starting out building wealth, it isn't the right move. You have to follow the steps that make wealth grow, understand how to compound money and not buy depreciating assets. That's why they always say the first million is the hardest! Get "10 Quick Tips to Boost Your Wealth" at www.LindaPJones.com

Learn the 1 thing that is holding you back from reaching your goals. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod Recently, I was in New York City and wanted to meet a friend out by the JFK airport, about xx miles east of Manhattan. The first thing I did was get directions from my friend. She emailed me, "take the A train". I was confused already. Did she mean the "A" subway line or a real "train" from Grand Central Station I wondered? So I asked another friend. He took out his phone and opened an app of a subway map. He told me to take the number 6 subway to 14th street, change to another route and then another route. Since none of the names of the stops were familiar to me, I couldn't remember them. So the next morning I found my way to the subway and made it to 14th street, no problem. But then I got totally lost because I didn't have a map and couldn't remember where to transfer. I thought a map would be posted inside the underground hallways, but they weren't. So I had to go back through the gate and get a map from the token seller. Once I had the map, I had to figure out where to go. I identified it was the "L" train. I finally found my way and boarded it. It turned out it was a local and not an express, so it was stopping every couple of minutes. Then the train announced everyone had to disembark because it was being retired for maintenance, so I had to get off. I asked someone where to catch the express. The next train that came wasn't the one he said was the express, except it really was because apparently sometimes the wrong name is on it. So a nice stranger told me to get on that train until the next transfer point where I got off. The stranger and I got to talking. It turns out his name was Ray and he was a dancer and had been on a Talent show. He was injured. Had excuses - mom sick, 2 jobs, etc. A friend won the contest and said Ray was a better dancer. I explained the map to him. How confidence and vision work in place of a map. The point is, I never gave up or doubted that I would make it to see my friend. Why not? Because I had a map. I knew I could get from where I was to where I wanted to go because I could see it on the map! That's what's missing in your life. "Indecision is the mark of a fearful mind" - Vernon Howard Don't be waiting to start until you have the whole map! Get started and you'll find your way. Get your "10 Quick Tips to Boost Your Wealth" at www.lindapjones.com

Learn the 3 things to prioritize to keep you on a happy, healthy and wealthy path and the winner of the Twitter BW&S Wealth Journal giveaway! Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod 3 Things to prioritize: Faith - Honor God, Go to church or temple, meditate, do your tithing, etc. Family - Love your family Spend time with loved ones Includes health, of course Wealth - Give your wealth 30 minutes a day Check your bank accounts Review your stock portfolio Check retirement accounts See if it needs tweaks Give it attention Calculate net worth Read a book Read IBD Say affirmations or watch your Flipagram Write in Wealth Journal Today is my birthday! Time for reflection over the past year Good year Fun to be on Below Deck Mediterranean Trip to Greece On TV show Podcast - reaching 153 countries and approaching 400k listeners VIP Experience community - Connect, have people joining regularly Exciting plans for the next year - stay tuned! Want us to connect in more ways IG - posted jingle lyrics to LIFE by Beckah Shae and post content in short paragraphs on LPJ& BWS pages Twitter - giveaway Wealth Journal Winner is Chaviano - Buhager from Miami Florida! Periscope app - my escapades out and about and more! For 10 Quick Tips to Boost Your Wealth, go to www.lindapjones.com

Learn what assets make up your asset allocation and how to decide how much to invest. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod Question: "When working out asset allocation, do financial planners usually start with overall net worth, and then work back from there? Or do they not include everything in the asset allocation calculations? I can find plenty of examples of how to work out asset allocations, just nothing on what should be included when figuring what you have to start with." "It's hard to invest 10% of your portfolio in something when you don't understand how exactly to work out the figure you have to start with." - Gillian Financial planners usually segregate liquid assets from your net worth. Of course, Net Worth = Assets - Liabilities Most financial planners will only do asset allocation for investments in the stock and bond markets. They won't include your home, rental real estate, business, etc. They will break it down into Large Cap, Mid Cap, Small Cap, International, ST bond, Intermediate Bonds, LT bonds, REITs, sectors, etc. If you want more in-depth information on asset allocation where I really drill down deep, see Be Wealthy & Smart podcast #165. If you're serious about improving your net worth, get my "10 Quick Tips to Boost Your Wealth" at www.lindapjones.com.

Learn which cars are the most expensive and least expensive to maintain and what problems occur with greater frequency in some car models. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod ***The information mentioned in this podcast can be found on my website at http://lindapjones.com/cars *** Twitter promo - win a free Wealth Journal & Mini Course valued at $67. Just follow me @Linda P Jones and retweet for a chance to win on Monday. Get 10 Quick Tips to Boost Your Wealth at www.LindaPJones.com.

Learn how to get savings from retailers you frequently purchase from. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod 1. Gelson's groceries: 10% + $5 2. 30% on CVS online to card, gives coupons at checkout too. 3. Saved $51 on dog sitting with spoton.com/app Other reward programs I like are at Ulta, Nordstrom, and Amazon.com. See Be Wealthy & Smart #127 for best credit card reward programs Your homework is next time you're at a store you frequent, find out if they have a loyalty program and sign up. Twitter promo - win a free Wealth Journal & Mini Course valued at $67. Just follow me @Linda P Jones and retweet for a chance to win on Sept 5th.

Learn what steps you can take to make a different growing your wealth. Have you listened to Jason Hartman of the Creating Wealth podcast yet? Check out his latest episode "Real Estate Will Never Be the Same." There's over 700 episodes and a wealth of RE investing knowledge there. http://bit.ly/wealthpod Listener Question: I've read Rich Dad Poor Dad and How to Make Money in Stocks. I'm maxing out my 401k, but it doesn't feel like I'm doing enough. What can I do to get out of the rat race sooner? The 6 Steps to Wealth - how wealth grows The Twin Pillars of Wealth Building Continuously read Wealthy Mindset books like Power of Positive Thinking, Think and Grow Rich, and The Magic of Thinking Big Learn about investing at the Be Wealthy & Smart VIP Experience. Find it at http://lindapjones.com/joinVIP

Learn why billionaires are all around you, how they invest and what they look for when investing. Get an inside view of the ultra wealthy, what's myth and what's reality? Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod

The host of the TV show "Making It" shares his wisdom from interviewing over 1,000 successful entrepreneurs. Have you checked out the Creating Wealth podcast yet with Jason Hartman? It's full of amazing information and over 700 podcasts about real estate investing. If you like this podcast, you'll like that one too. http://bit.ly/wealthpod