dream builders module 3
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Make money work for you.TRANSCRIPT
1 | 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
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!
2 | 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
Copyright 2012 ©
All rights reserved. No part of this publication may be produced, distributed,
stored in a retrieval system or transmitted in any form or by any means,
including photocopying, recording or other electronic or mechanical methods
without the prior written permission of the publisher, except in the case of
brief questions embodied in critical reviews and certain other non-commercial
uses permitted by copyright law.
www.lenandkarenallen.com
3 | 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
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!
www.lenandkarenallen.com
5 | 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
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
Manifestation
Nurturing and Weaning
Interest creation
The Leaning Years
The Earning Years
The Yearning Years
A tree grows from a seed
A seed grows roots
Roots grow a trunk and
Trunks grow a body
A body of a tree grows
branches
Branches grows leaves and
fruits
Fruits feed people
They do the same job!
6 | 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
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?
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MYTH THREE
Money cannot buy Happiness
What is your definition of happiness?
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7 | 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
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)?
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Do you think more money might help?
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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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8 | 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 the Broader Sphere
A) The Academics view
Any commodity that is generally
acceptable as a medium of
exchange and has a store of
value
B) The Governments view
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
C) The Green view
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
D) The Entrepreneur's View
Money is a tool that I use to
create the lifestyle that I want
and help the people and
causes I choose to
9 | 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
WHEN YOU
CHANGE YOUR
THINKING
ABOUT MONEY
YOU CHANGE YOUR ABILITY TO
GET AND SUSTAIN WEALTH.
Len Allen
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
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?
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2. ________________________________________________________
3. ________________________________________________________
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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?
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
Learn how to beat the Banks
How to create money
List 5 ways that banks make money (*see Appendix for some facts about banks)
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List 5 ways you make money
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If your back was against the wall what other ways could you
make money?
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12 | 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?
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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
13 | 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
Multiple sources of real income
Aside from your job how do you earn money?
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How many streams of income are within your business?
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What do you do so well that people ask you to help them with?
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14 | 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
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?
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
Starting your business from
scratch with no money
What type of business do you want to start?
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Why do you want to do this business?
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What skills do you have or can get connected with?
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16 | 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…
17 | 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
And three things to make them work
Marketing
Movement
Meaning
Does your business have
what it takes??
18 | 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 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?
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What are your thoughts on customer service and customer
retention?
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What do you want to be known for or known as?
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Special Note:
Be known for great service, content, prices, and atmosphere
The life blood of your business is new clients
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
MONEY MANAGEMENT DISCIPLINES
The Time/Money equation
Define money management?
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Define time management?
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Is time greater than money?
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How many hours do you use to earn money?
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What is your greatest time management issue?
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How do you use, invest, spend or save time?
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20 | 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?
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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
21 | 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
The Money Verdict
Make it
Give it
Save it
Invest it
Protect it
Spend it
Share it
22 | 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
WHAT NOW?
What are you going to stop doing?
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What are you going to keep doing?
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What are you going to start doing?
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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
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