Women in Business And Money

Theresa Reed

Theresa Reed

How do you feel when it’s time to ask a potential client to buy your product or service?  Do you feel comfortable discussing costs or does it make you squirm?  Are the rates you’re charging enough to support you or are you struggling to make ends meet?  The mindset of an entrepreneur and the mindset of an employee are so different that the one thing that may most undermine your potential success as an entrepreneur is how you feel about money.  What you charge and asking for the purchase from the client can be major hurdles to success, but they don’t have to be.  You want to stand comfortably in a money conversation, but if you can’t do it now, perhaps it’s time to beard this particular lion in its den.  Let’s get comfortable with asking for the money we deserve as entrepreneurs.

To help you with any money phobias you may have picked up along the way, I sat down and had a chat with one of my favorite business women, Theresa Reed, aka The Tarot Lady and we have some timely tips for you as we head toward the culmination of tax season 2012; check out our interview here:  MoneyandEntrepreneurs

Also, there are many habits that can support you as you’re moving through the process of building a successful business, including:

  • Reading inspirational books that help you think like a successful business owner.  Books by Tony Robbins, Jack Canfield, or Robert Kiyosaki can help you retrain your brain so that your thinking better supports you.
  • Subscribing to emails from coaches who have acquired the success you hope for can move you along faster in developing the skills that will help you to achieve success.
  • Acquire understanding of how money works, aka being financially literate; Robert Kiyosaki’s books are great at helping you understand the difference between thinking like an employee versus thinking like a successful business owner.   I highly recommend his Rich Dad Poor Dad and Cashflow Quadrant books if you’ve not read them.
  • Find a great accountant to handle your taxes and become tax savvy so that you’re not quaking in your boots at this time of year, every year.  Ask for recommendations from your friends and be sure to find one who fits your tax style–are you conservative with regard to taxes or edgy?   If you’re conservative you won’t feel comfortable with a risk taker, so keep that in mind.
  • You can find more great business tips on the Resources page of this site.

Developing a successful business is the most intense personal development course you will ever encounter.  Your journey will repeatedly show you where your doubts and fears live, but it is so worth it to evolve as a business person and as an individual.  Take steps daily that inspire you and give you courage and move with determination toward earning what you deserve.

Rich Blessings!


Copyright 2013.  All rights reserved.


What Business Are You In?

Cover of "Rich Dad, Poor Dad: What the Ri...

Cover via Amazon

Greetings Friends!

This is going to be a way crazy week for me; I have a trip upcoming for training in Santa Clarita (which I’m looking forward to) along with a pretty big health challenge that I’ve got to come to grips with asap.  With that in mind, I thought I’d share a post from a couple of years back.  It’s an important post because as a business person, you will benefit from understanding that your business is, first and foremost, (when handled correctly) an asset.  Invest wisely.

Enjoy and I will back 11 February with an update on some changes I’ll be making with this blog


One of the challenges of leaping over the fence of lack into prosperity is learning how wealth is made–and the first rule Robert Kiyosaki said his Rich Dad taught him is that the wealthy don’t work for money.  The wealthy invest in assets that produce passive income over time.  The first time I read it I could literally feel my brain lock up, but Robert is a great story teller and he explained it pretty simply.  The wealthy understand that a job–whether salaried or hourly in pay, is like a drug addiction.  You get paid, the money goes out for expenses and then you have to ‘score’ more money to keep the (addiction) wheel spinning.  Robert refers to this as the rat race.

It’s not that hard to deduce that assets (interest, real estate cash flow, dividends and royalties) all are passive income streams; they don’t require the hourly work that wages require.  They are trickier to work with and as Robert states up front, you will experience failures as you gain experience in the world of investments, real estate and the development of intellectual property.  But some of the failures come from not truly getting the essence of the idea with regard to how wealth is generated.

There is a story about Ray Kroc, the creator of the McDonald’s franchise meeting with some MBA students at the University of Texas at Austin.  The students invited Mr. Kroc out for lunch and he very kindly agreed to go with them.  When Mr. Kroc asked the students what business they believed he was in, all of the students thoughts he was making a joke.  Mr. Kroc asked the question a second time and one of the students said, “Everyone knows you’re in the hamburger business.”  Mr. Kroc said no, he was in the real estate business.  Think about it; when you buy your McDonald’s franchise they get your franchise fees–but apparently they are equally interested in the real estate under your franchise.  In other words, they are focused on the assets–not the income from wages (hamburgers sold).  The value of the land brings tax benefits and accrues in value over time.

So, as a business owner who wants to escape the rat race you have to think in terms of assets, not wages to escape the rat race.

So, again I ask you, what business are you in?

Rich Blessings!


Investing in You Inc.

Greetings Friends!

Yes it’s September, but I wanted to talk to you about–gasp–tax time.  Most of you probably already have some form of organized information capture with regard to income generated by your business, as well as your business expenses.  And this is perfect because as of 31 December 2012, it’s tax time baby!  I’d go so far as to say your tax person should receive a holiday gift from you before anyone else, because he or she keeps you ahead of the tax game!

Whether you use Quicken or keep a paper diary of your income and related expenses doesn’t really matter.  What I actually want to talk to you about is the step beyond that–creating a financial statement.  Robert Kiyosaki discusses this in his ‘Rich Dad, Poor Dad‘ book, a must read for all entrepreneurs.  If you’re in business for yourself and haven’t read it, put it at the top of your To Do list today!

You may be wondering what’s the big deal?   Well, when you were in school you received a report card; that card told you, your parents, your counselors–and anyone else connected to you, how you were doing in your classes.  The main benefit of a financial statement is you get a clear sense of the truth of your income.  And here’s where it gets juicy/painful; you also find out where you’re leaking money.

The truth of the matter is, if you’re an American and you’re an employee, the tax code wasn’t built to help you.  It’s built to support businesses–often time big businesses, and that’s important because businesses create jobs, which keeps the Gross Domestic Product healthy.  But that doesn’t mean a savvy solopreneur, such as yourself, can’t take advantage of these benefits too.  This is especially true if you incorporate.  When you’re a business owner you deduct your expenses and pay your taxes from what’s left.  When you’re an employee your taxes are taken from you before you see a nickel.  Check in with your tax person and see where you stand and what they recommend you do…stat!

And all of this is a really big deal in these days of job shortages and relatively low wages, especially for women.

So, if you’re thinking that you’re not doing especially well financially or that you don’t have any investments–think again.  Your business is an investment.  Keep records of every cent you spend for your business and make sure you have that information organized for your tax person so that they don’t have a heart attack when you present that material to them.  Be nice to Mr./Ms. Tax Person; they are your new bff!

With that in mind I’d like to share with you a resource who has proven invaluable to me.  Her name is Ali Brown and she’s has put together some videos for ‘savvy, yet not wholly rolling in the dough yet’ entrepreneurs.  This is an affiliate link and I hope you find her information pertinent and empowering.

And remember to invest in You Inc.  You’re riding the wave of a brave new tomorrow as an entrepreneur.  Don’t be afraid to invest in your future success!

Rich Blessings!


Copyright 2012. All rights reserved

Entrepreneur of the Month

Connie Jones-Steward

Connie Jones-Steward Interview


Greetings Friends!

I am proud to feature Connie Jones Steward as the September 2012 Entrepreneur of the month.  Connie is a healer and wedding officiant in the greater Los Angeles, California area who shares her journey as an entrepreneur with us.  You can learn more about Connie and her services at her website http://www.aritetocelebrate.com/.   Click the link above to hear my interview with Connie.

It is my hope that not only can we learn from those that I interview, but perhaps we, as a community, can offer solutions to some of the challenges our entrepreneurs put forward.  This will be an ongoing feature for this blog along with a monthly book of the month.  As entrepreneurs, school will never be out; we will always have new things to learn, so why not learn from one another?

Success–especially financial success as an entrepreneur, is a greatly coveted goal, but once it happens how will you handle your new found wealth?  There are a lot of potential ‘money pits’ or ‘do-dads’ you can buy once you acquire your wealth, but I recommend you acquire a degree of financial literacy before the money shows up.  To that end I’m recommending a book called The Conspiracy of the Rich; it shares the history of the banking industry in a way that will assist you as an entrepreneur to better understand what is happening globally (as well as in your respective home country); avoid money pits and disastrous financial choices by educating yourself.  This book is an excellent start; it’s an eye opener–I guarantee you that!

Would you like to be a featured entrepreneur of the month on the LAGirl13 blog?  Just leave a comment below letting me know and then click the link above to enjoy this month’s interview.

Rich Blessings!


(c) Copyright 2012.  All rights reserved.

Successful Entrepreneurs Now

Greetings Friends!

If you watch the news and particularly if you’re American you may be experiencing more than a little anxiety about the future–both as an individual and as a member of a leading western world society doing its level best to go down in flames.  The news from those supposedly in the know seems to confirm some of the anxiety we are feeling http://yhoo.it/LsodaI.

Now that you’ve taken a look at that piece you may decide that staying away from the news might be your healthiest choice as we move through 2012.  What might be an even better choice is taking some time to consider where you are and where you want to go.  Some of the goals you created at the beginning of the year (or the end of last year) might have lost their luster.  If you’re still keen on those goals, what help do you need now to press through to success this year?  For me it meant getting some coaching and learning about the tech side of things–of which I must admit, I am woefully unenlighted (and yes, coaches need coaching too).

Personally I don’t think getting down on what ‘is’ is the answer.  I do agree that the systems that we, the 99%, grew up with (schools, religions, political beliefs) are unstable and in many cases unhelpful.  If you’re a ‘woo woo’ type you probably aren’t surprised by the challenges currently besetting mankind.  And if you’re someone who grew up with financially literate parents or who has studied financial literacy, you’re probably a) not surprised by the seeming financial chaos and b) excited because of the opportunities that come with challenge and change.

Some things you might want to do to insure that the grim picture painted by some pundits doesn’t happen to you and yours:

  • Get really good at your ‘thing’–whatever that thing is.
  • Consider who really needs what you have to offer–look for a big niche to serve and find new ways to offer your fabulous services to them (help with money, love or health woes are the biggest niches).
  • Consider writing a book about that fabulous thing you know or do–I know there are writers out there, you guys always send my ratings soaring when I discuss writing!  Better yet write for the entrepreneurs; tell us why you’re one and what it means to you (and perhaps your children in the wake of the current global financial woes).
  • Consider new ways to reach your audience:  webinars, teleseminars, workshops–innovate to keep yourself and your peeps excited and interested–excited by the possibilities and not depressed by what is.

Most of all I think you need clarity; do you need to shift your focus, pick new goals or just keep pushing?  The biggest challenge I have as a coach is working with someone who doesn’t know what they want.  There’s a reason so many people are struggling; here are some of them http://bit.ly/LLLqmQ; take a look and tell me what you think.  Why do you think so many folks are struggling and is entrepreneurship an answer to the challenges ahead?  If not, what is?  I’d love to hear your thoughts!

Rich Blessings!


Free Stock Success Webinar | Rich Dad Education™

Free Stock Success Webinar | Rich Dad Education™.

When one first begins to learn about financial literacy issues it can be disheartening.  There has been so much misinformation foisted on an unsuspecting public.  Your parents and your parents parents probably repeated the rhetoric of the good education, get a secure job mantra, but after the fall of 2008 (if not before) we now know there are no secure jobs.  It doesn’t help that transitioning to a super successful business and having a ton of assets in the asset column of your financial statement may be rather a long way away either…

The problem is we really have no choice now–even if it’s going to take awhile, you’re better off getting moving than waiting for the next financial shake up.  With the financial news from the Eurozone triggering upheaval on Wall Street, the choice of waiting to take action leaves us and our families vulnerable.  But what exactly do we do?

Well, there are a few things you can do; start with getting some education about various types of assets (stocks, real estate or building your own business) so that you can gather practical know how along with putting aside financial resources for purchases at a later date.

Make use of the Superhero Mastermind materials for March found here:  http://www.lagirl13.com/mastermind-materials.html.  We are reading Part IV of Money and the Law of Attraction and Chapter five of Rich Dad, Poor Dad–I invite you to join us!

Engage your spouse or a friend in learning about stocks, real estate or business building so you have someone to bounce ideas off of–and to have a buddy to attend classes with you.  You’ll be more likely to stick to your intention of building assets in 2012 if you have an accountability partner!

And don’t forget to click the link above for the Rich Dad Webinar on stocks–learning about financial literacy in the comfort of your home rocks!

Rich Blessings!





What’s Your End Game?

My daughter and son-in-law visited Los Angeles last summer from their home in Switzerland.  Though they were vacationing, my daughter was also busily putting together her new website–from scratch http://classicalmusiceducation.com/, of course.  I talked a little bit about what I am doing and she asked me was I creating a business or another job–excellent question!  Something that cuts to the heart of the financial literacy information I want to share with other online business men and women.

What is the test of a Business with a capital ‘B’ and a job?  Robert Kiyosaki defines it as a set of work circumstances that don’t require your physical presence in order for money to be made.  This is a point made by Michael Gerber, of E-Myth Revisited fame, as well.  It is important to know what your end game is–in other words, what kind of lifestyle do you want your business to create for you?  Walking down the beach in front of your own wonderful piece of exotic island paradise while the engines of your business are busily creating cash for you–somewhere else–may be your aim.  Are the things you’re doing today going to create those desired ends or do you need to revisit your goals and rethink some of your plans?

E-books, webinars, blog tours, blogs, free coaching consultations should ultimately lead somewhere…the question is what is your desired end?  And are you creating systems (see the E-Myth Revisited), so that ultimately someone (or something) else can duplicate what you do?  Are you creating things that can be automated–the E-Myth in its original form was written long before the handy dandy technological tools we have today came along.  So, you have some ways of creating passive income that are new, powerful and expansive!  These are a few of the things you might want to consider in your success plans for 2012–and beyond!

If the answer to the above question about having an end game and systems is yes, congratulations–you’re on the way to creating assets for yourself!  Assets are passive income streams that bring you money no matter where you are or what you’re doing.  If the answer is no, just know that awareness is key and so is time.  Successful businesses can take five to 10 years to build from the ground up.  Just make sure you’ve got your end game straight, so you’re creating a Business not a job (Just Over Broke) situation for yourself in 2012.

Rich Blessings!



Clear Vision

Well, we are nine days into the new year–it is exciting and yet a little overwhelming to think in terms of all that I would like to accomplish this year.  Is it possible to both take the foot off the gas and achieve top speed results?  I aim to find out!  So, here are some things that I am contemplating that you might want to consider too as we start down the road for 2012.

How much do I want to earn this year?  That’s an important question.  I have picked the amount I intend to earn this year, divided it by 52 (as in weeks of the year) and now I know the amount I need to be earning each week in order to make it happen.  Now I need to look at my streams of income and determine what my efforts need to be week to week.  I learned this trick from Brian Tracy, the go-to guru for sales professionals.  Yes, sales.  If you have products or services you must figure out a way to sell them!  And that requires an understanding of how the business of sales works.  If this is something you need to bone up on check out Brian Tracy’s offerings here http://www.briantracy.com/?cmpid=2161&AID=6647396&PID=4532&SID=google.

Next up to bat is getting an idea of what type of life experience I’d like to be living–what type of work experiences am I having this year (hopefully working from home!), what’s going on with my Superhero Mastermind Circle, what types of products and or services do I want to offer, where and when would I like to vacation–literally the whole shebang.  If it sounds like a lot, perhaps it is, but I want to have a clear vision of the journey I am taking in 2012.  I have a couple of choices about how to map this out, but I have chosen to work with the book Visionary Business by Marc Allen to help whip my business plan into shape.  If you’re a highly visual person, you might prefer to work with The Right Brain Business Plan by Jennifer Lee.  I really love Jennifer’s book, but I know I am on overload and need to simplify the business plan process for myself for now.  As long as I create the road map for 2012, I know I will have a way of keeping myself on track for the year–and that’s what counts.

Those of you who are part of the Superhero Mastermind Circle have already heard of Marc Allen’s book.  If you’re not part of the group, you can sign up here http://www.lagirl13.com/ for the newsletter.  You can also check out the free financial literacy information for January here http://www.lagirl13.com/mastermind-materials.html.  The Mastermind Circle is my legacy project–the thing I want to do to make the world a better place.  Financial challenges are rife around the globe these days and I want to do things that change that trend.  Do you have a legacy project you are working on?  I invite you to share what you’re working on here!  The Mastermind Circle is exactly that–a place where like minded people can gather, learn and share their wisdom with a group of new friends.  I am excited to think of all we are going to accomplish together this year!

And the last thing I would like to share with you has to do with the issue of taxes.  I have a day job, it’s a 1099 situation–along with businesses I run from my home.  Keeping track of my mileage as I travel around, creating a corporation, getting a handle on my taxes–these are all topics  (I might add BIG topics) of concern for me.  One of the tools I will be working on is information from Ron Mueller, who is well known for his tax expertise.  You can check out his information here http://homebusinesstaxsavings.com/.  By the end of the year I am hoping to have a good handle on my taxes, my money earning enterprises and have made a difference in the lives of many people with regard to earning money and being able to keep more of it.

There is a lot more that I need to do, but this is a birds eye view of the terrain I’m looking at as I take off for 2012.  I hope you find this information helpful and till next time…

Rich Blessings!




Rich Dad Education Blog

Rich Dad Education Blog.

I hope 2012 is off to a good start for you.  Before I jump into the meat of tonight’s blog I wanted to share with you one of my goals for the year and that’s the intention to create greater balance in my life experience.  Two blogs, two jobs, two newsletters equals very little balance.  So, starting next week LAGirl13 will bring you one blog entry per week.

I’d like to thank those of you who read and comment.  And if you have any particular topic you’d like us to explore here, please let me know.  As I’ve already mentioned, I am intending to study accounting (and taxes for small business owners); hopefully this will be a year that deepens and broadens my understanding in my core area of interests as well!

In addition, it would be lovely  to hear about what you’ve got cooking this year–what projects, goals and plans do you have tucked up your sleeve?  I intended this to be a place where questions, strategies, successes and challenges could be shared, discussed.  We don’t have to build our businesses or deal with our challenges alone!  So keep those comments coming!

Okay, so now on with tonight’s topic–more financial literacy!

As 2012 begins I have a list about a mile long of what I would like to learn.  Fortunately there is a wealth of information on the internet–and from really great sources (and mostly free!).  Robert Kiyosaki and his wife Kim have a great blog that discusses goal planning, wealth building strategies and investing–all great topics for those of us intent on becoming more financially literate in 2012.  But don’t take my word for it, click the link above and see for yourself!  And let me know what you think–it helps to know if the resources offered here are of value to you, the reader.

Rich Blessings,


2012, The Year of the Superhero

My sister was laid off from her job at a major bank in January 2005.  She worked as a Vice President in the mortgage loan department.  She had worked like a dog to land the position and suddenly found herself unemployed.  Her next job saw her working as part of a team of experienced loan officers going around the Los Angeles area evaluating loans for her new employer to purchase.  She told me, “There are so many bad loans out there–you have no idea!”

And she was right, I didn’t own a home and had no idea.  Apparently neither did most Americans–at the time.

But we do now.  The fallout from the bad loan practices and crappy Wall Street loan product scams brought America to its knees in the Fall of 2008.  And the opinion of many financial experts is that our current recovery is fragile at best and likely destined to cave in bringing even harder times to come.

As an astrologer I can see some of the reasons why the experts may prove to be right.  The gathering storm is real and definitely no joke.  Normally I don’t cross pollinate the LAGirl13 business blog with my astrological work, but I want you to know that the first six months (give or take) of 2012 is going to be spent in planetary retrograde jail.  It will not be a time of expansion, but one of internal introspection where we carefully make note of the areas in our lives where things aren’t working well.  This is a year to sink your roots deeper in your main areas of expertise–and to consider whether or not it’s time to commit to learning more about Financial Literacy.  I capitalize it because ultimately no one is going to come and rescue the poor and middle class.  You and I will have to become our own Superheroes; politicians no longer run the world, bankers do.  Financial Literacy (or the lack of same) is going to be what separates the men from the boys, the haves from the have nots.

I will be teaching and learning all I can on this topic this year.  I hope you will consider joining me.  Can you remember where you were in 2005?  I remember my sister’s warnings about the mortgage industry being in trouble, but I don’t remember a lot else about that time financially.  What were the markets doing, how was I taking care of myself and my family’s future?  Important questions then–and now.

The financial game of the money handlers is still rolling full tilt and the stakes are high for the poor and middle class.  Make this the year you understand what is truly going on behind the scenes so that not only can you earn more–you keep more in 2012.

My number one goal this year?  It is to take better care of my family and me and as you’ve probably already guessed one of the ways I’m doing that is working to become more number literate (aka financially literate)–and you can too.  Check out the materials for the Superhero Mastermind Circle for January http://www.lagirl13.com/mastermind-materials.html.  Become your own Superhero, take good care of you in 2012–oh, and tell a friend!

Rich Blessings!