how to build new community out of the old system by dean koci (chfc®) 860 384 7483...
TRANSCRIPT
How to build New Community out of
the Old SystemBy Dean Koci (ChFC®)
860 384 7483
www.FinancialLiberationInstitute.Org
What I Propose We Cover Who am I /Who are we?
The History of Money
The Case for Cooperation
PPORTLZ
Self- Reliance and Gift Economies
Disruptive Services
Entrepreneurism
Investments
How to Build Communities:
Acquiring Property
Picking your Entity
Thoughts on Thriving
Q&A
Disclosure
This is a gift based from prior experience and moderate research.
Copyright- please re-gift the knowledge but do not use the content as your own for commercial purposes.
This is not to be considered Tax, Legal, or Immutable advice. Please consult with a professional regarding the specifics of your unique situation.
What works on other’s farms might not be the best fit for yours. A professional is the one that can help you get a better idea of how all the parts fit together.
Dean Koci (ChFC®)Koci Consulting & Financial Liberation Institute Life Long Entrepreneur, World Traveler, Philosopher and Teacher
Experienced 100’s of businesses by being their Financial Planner
“Top Wealth Manager” by San Diego Magazine 3 years in a row
Created a referral base and residual income currently at ~$3,000 a month.
Former Board Member of San Diego Rotaract
Helped do a corporate re-structuring & close a $17,000 grant for Wild Willow Farm
Currently Executive Director for SDCAP (Fiscal Body for San Diego Burning Man)
I get paid well to do what I love- helping people who help others and the Earth.
Building a Land Trust to support Eco-Villages and Living Co-ops.
Who are we? US-
Be interactive and considerate.
Please don’t be offended if I moderate.
Lets introduce ourselves, our knowledge, and our passion.
Money Dyad:
I am most prosperous when?
The History of Money The Invention of Language (be conscious of NLP & Mediation)
The Invention of Agriculture (Nomadic class & Bartering)
The Invention of Currency (who’s currency)
Barter, Obsidian, Roman Coin, FIAT in
1787Constitution Article 1 Section 8 (US coin & Tax)
The Invention of Taxes
1791 Whiskey Rebellion
1913 Income Tax (16th amendment)
1913 Federal Reserve Act
The Invention of Capitalism
Feudalism 14th Century moved to the US & Industrial Revolution in 19th century.
ROME EUROPE USA WORLD
Modern Finance 101 Debt
Jubilee every 50 years, Leviticus 25:8-13 in 1446 BCE (average life span was 30)
Deuteronomy 15:1-2- Made is every 7 years.
Bankruptcy- used to be harsh before the 20th century.
Commodities – Market & Philosophy
Corporations-(Organized)
Stock Market (Equity)
Bonds (Debt)
Mutual Funds- The “Bus”
1933 Glass-Steagall repealed in 1999
Annuities & Insurance
Liability or Asset?
What is Security?
The Case for Cooperation It’s a Natural Law
Old-is survival of the fittest
New-is Thriving of the Abundant
Examples in Nature:
Wolves in Yellowstone
Biodiversity in Farming
Examples in Business:
Walmart- We pay $3-$6K per employee (Forbes)
Winco, Costco & People’s Coop.
Festivals
All Communities are “Intentional”
Paradigm Shift You never change things by fighting the
existing reality.To change something, build a new model that makes the existing model obsolete.
“Be the change that you wish to see in the world”
“Imagine”
Earth Care, People Care, and Fair Share
Buckminster Fuller
Mahatma Gandhi
John Lennon
Permaculture
Parable of the 4th ticket
You find something you really fun you want to do and
there is a promotion to buy 3 & get the 4th free. What do you do?
1) You get 3 other friends and you all pay 75%
2) You get 3 other friends to pay and you go for free
MY CONCERN is WHAT do you tell your friends? What if you Can’t afford the trip?
*Are you a person that would hide it and justify and hope that they don’t find out? How will that effect the trip and the memories if/when they do find out?
*Are you the sort of person that has the money, would you care?
*Are you the business owner charging 25% extra in the first place?
*Are you courageous enough to tell the truth, state your desires, and find friends that support you?
Use PORTLZ to the Manifest P- Pleasure (It MUST be fun and/or fulfilling)
P- Prosperity (It MUST produce Yield- remember Yin/Yang)
O- Organization (It MUST be organized & Dependable)
R- Recordkeeping (It MUST be shareable)
T- Taxes (Fed, State, Local, Special)
L- Laws (Sleep well at Night)
Z- Zoning (Respect your Neighbors)
Eliminate the concept of the “Other”
Know the rules- Bartering is section 420 of the IRS code
Dream WITH Limits
Work with Professionals
Let’s get Disruptive !
“A disruptive innovation is an innovation that helps create a new market and value network, and eventually disrupts an existing market and value network (over a few years or decades), displacing an earlier technology.
AirBNB
DogVACAY
Lyft/Uber/SideCar
Task Rabbit
Other Ways to make money: Craig’s List, Medical Studies, Side Jobs
Indie GoGo, Kickstarter, Go Fund Me
Intern, Play, Ask to Help, fill a need, find a need.
You Tube
Entrepreneurism
Entrepreneur Or Employee
How to Get Started
What is your Experience Worth?
Business Plan
Funding & Marketing
Entrepreneur or Employee? Rich Dad Poor Dad by Robert Kiyosaki-
Rich Buy Assets, they spend money then pay taxes.
Poor Buy Liabilities, they pay taxes then spend the rest.
4 Hour Work Week by Timothy Ferris-
Why do we work during our prime years and then play when we’re old?
Myth of the “Job” and “Scarcity”
Be aware of Equity- Social and Financial.
Wage Stagnation
How to Transition to Entrepreneur:
Insurance- get it before you leave- especially Disability
Cushion- Use Savings not Credit Cards
Disruption- Use DogVacay, Craigslist, Lyft & AirBNB www.airbnb.com/c/dkoci?s=8
Collaboration- Work with existing local businesses
Systematization- Processes that keep the business from owning you.
Gifting- Give Back and Market.
How Do I Get Started? Sole Proprietor, Corporation, Non-Profit, Co-op.
Taxes, Liability, Durability, and Accountability
Get an EIN Number (It’s Free!) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online
Open a Business Bank Account & Paypal Buttons
Get an accounting system/person
https://www.bofiadvisor.com/ For Dean Koci- #344028
Get PERMITS
City Licenses http://www.sandiego.gov/treasurer/taxesfees/btax/
Unique Permits http://www.sandiego.gov/treasurer/taxesfees/btax/resources.shtml
DBA with County https://arcc.sdcounty.ca.gov/Pages/default.aspx & Publish!
Get Insurance http://ljpia.com/ Tell Bill- Dean says hi
Also Check with Professional Associations
Trademarks, Patents, and Copyrights http://www.uspto.com/
Get a Website http://www.fatcow.com/fatcow/special-promo.bml?LinkName=No_Name Word press. ORG
Digital Mail box http://www.mailboxforwarding.com/index.php
Google VOICE Number + Ring Central FAX
What is Your Experience Worth? E-Myth Revisited- Michael Gerber
People buy an experience not a product or service.
You need SEPARATE Business and Personal Goals.
YOU are good at something and can increase your rates as you get better!
When were you excited to buy something? Other’s want to give that to you!
Disneyland
Broccoli
What is your Time Worth?
Personal & Business costs ÷ Days Worked ÷ Units= Your Minimum Cost
Business Plan
US Government’s site: http://business.usa.gov/
SBA & SCORE is Free https://www.sba.gov/
Business expenses on IRS website http://www.irs.gov/publications/p334/ch08.html
Xero Vs Quickbooks http://greencloudaccounting.com/
I have a Marketing Plan Template on our Website
Corporations are whatever we make them to be.
You MUST have numbers!!! To attract sellers & to make sure you can Thrive.
Cooperation Vs Competition
SWOT (Strengths, Weaknesses, Opportunities, Threats) GROW (Gifts, Requests, Opportunities, Worries)
Anything worth doing is worth doing well!
Funding & Marketing
Loans- SBA, Minorities, Receivables, Credit Cards
Facebook, Social Networks, Cause Marketing and Centers of Influence
“Suggested Donations” cut that S*@t out!
Bartering (IRS Revenue Code 420)- Still Income.
Pre-pay pricing and Gift Marketing.
Go Fund Me, KickStarter, Indie GoGo
Grants, RFP’s, etc.
http://www.sandiego.gov/purchasing/bids-contracts/
http://www.grants.gov/web/grants/applicants/applicant-resources/associations-organizations.html
Go in to the meeting (get to know jury and meet partners)
Build your portfolio
Stock/Equity-
Cheap in the beginning- expensive later.
Silent partner issues?
Investments are Math
Invest in what you love and reward those who do it rightLook for places like Fundrise, Kive, Lending Club, etc.
How to Find Property
I prefer reclaiming assets to New Development
Look with fresh eyes at your existing community
Activated Villages & Village in a Box
HUD & 203K rehab Program
Redfin, Trulia, etc.
FSBO, Seller Carry, Seller Financing
Commercial Loans (20%)
Roth IRA & Self Directed IRA’s
Non- Traded Offerings.
Send out the Right Frequency
Picking Your Entity
Sol Proprietorships & Partnerships- Easy for lots of Liability (get Insurance)
“S-Corps” – Simple Corps (flow through taxes, requires corporate governance)
“C-Corps”- Complex Corps (retain taxes- later can IPO)
“LLC/LLP”- New type of entity, Flexible, Easy & picks it’s Tax.
“Non-Profit”/ 501c3 - Great if people want to give you money for a write-off, but they are a hassle
“Coop”- C- Corp with an owner Dividend “Schedule T”
Trusts- Separate legal entities that govern Assets
Living Vs Irrevocable.
Closing Thoughts on Thriving
The more Universal and Accepting our Values are- the more Local we can be in our governance
We live in a world that is getting smaller- learn how to be a good citizen
Thriving is having Flowers in your garden and spending your time on Art.
We are all reflections of the same light.
Q&A or you want to see some of my projects first
Black Rock City
55,000 tickets x $300 per ticket= $16,500,000.00
Just Event $11,232,928 expenses
BLM $82.23 each
Porto’s $17.65
COGS Ice $455,546
Dust $ 262,693/ 55K/6= .79 a shower.
Where is Ice & Center Camp Sales?
ORG Op expenses total is $26,810,724
OURtopia 2013Chart Title
Ticket Revenue $234,730 (2,138 tix)Ticket Revenue $11,971 Production (607 tix)Ice $1,305 (1,900 expense)TOTAL $248,006.21
ITEM Event YOUArt Grants $53K $24.97Interyear fnd $49K $22.77Site $28K$13.10Security $27K$12.69Power&Equip $34K $15.72Other $92K $42.92
Uses a Weighted Average of $109.79 a ticket.
Art Grants18%
Site9%
Security9%
Power & Equipment
11%Commissary5%
Other Expenses
31%
Interyear Funds16%