This week Lorin shares somes insights from Robert Kiyosaki.

Why is compound interest crucial to your long term success with money? As my millionaire mentor put it while talking about compounding interest, “there are those that understand it and those that don’t, those that understand it will earn it and those that don’t will pay it.” What side of the equation do you want to be on? Compound interest is where you interest earns interest. How much would you have if you took one penny and doubled it for 31 days? The number may blow your mind. To figure this out simply type in .01 to represent one penny and then times it by the number two, you will want to do that 31 times. After the thirty first time you will start to get a glimpse into this miracle that I am talking about. Now, I want you to take a good hard look at that number and ask yourself the question, “Can I ever get ahead financially if I have this powerful case working against me?” It is not humanly possible to work as hard as money can work. How hard does money work? Money, because it does not need to rest like us humans can work for you or against you 24 hours a day 7 days a week. That is pretty hard to compete with. The challenge this week is to refocus and recognize that if you have debt you are up against. The enemy is strong but you will conquer this foe using the debt elimination strategies of this program. As always, be consistent with the program and have fun with it. Let’s stop paying compound interest and start earning it!

What are the limiting beliefs that you have about money that has held you back from accomplishing true wealth? Do you believe that money does not grow on trees? Do you believe that money is evil? Do you believe deep down that it is better to be poor than to be wealthy? When was the last time you took a look in the mirror to question the negative biases that you hold against yourself? I would like to give you a short and sweet message today. The message is to get over the imaginary roadblocks! That’s right it is only imaginary. These roadblock are imaginary they do not exist except in your mind! Decide with me here and now that you will take an inventory of all the negative beliefs that you have. Decide that you will overcome these and not allow them to hold you back anymore. What if you did something that I am about to ask you to do and it changed your life forever! Would you do it? What if I gave you a tool that would help you to overcome your limiting beliefs? If you are still reading then chances are you are serious about overcoming these weaknesses so you can be open to abundance and wealth. Write all the limiting beliefs that you have tie this piece of paper to a balloon. Watch it float up and away and finally disappear. As you watch this balloon float away you will also make a decision that all of those limits will be a thing of the past. Overcoming these mental roadblocks is so important. As always, success starts with action. Take action on what you have learned today and make sure to apply it. You can do anything you set your mind to! Never set limits!

This week Lorin shares yet another inspirational story from our students.

This week Lorin shares another great testimonial from some successful students!

In this weeks Graduate Call I made a comment that you can make money with just about any passion that you have. On of the students on the phone made the comment that she liked to make things out of clay. She sounded disappointed because she did not think that she could make money with this passion. Just then, we had one of the students begin to give a lot of really good ideas on how she could make money with this passion. She spoke about selling her art work at farmers markets and I mentioned swap meets. We spoke about the opportunities on eBay and craigslist. After the conference call she was excited to see that there were many ways to make money with that passion. I firmly believe in the saying, “do what you love and the money will follow.” Most people focus on how they can make more money rather than focusing on what they love to do. If we spent more time focusing on our passions we would see that there are money making opportunities all around us!

You can prosper even when times are tough. A lot of people are doing it. What is it going to take to excel with the finances in rough financial times? It will definitely take a mindset of frugality and looking for ways to make more money . There are a lot of things that you can do to make more money. Getting out there and taking action can really be the hardest part. Prosper has provided so much information on how to do this. Use the power of focus and decide to pick one area and work on it until you complete your objective. Do not stop working on the stream of income until it is producing for you!

In a time when money can be harder to come by it is important that you watch the pennies. Remember, “a dollar saved is worth more than a dollar earned.” It is so much easier to save money then it is to make more. Recently at a company wide seminar I was reminded of the power of savings. To illustrate this power, let’s assume that you are currently saving 10 percent of your income. In other words, for every dollar that comes into your life you are keeping 10 cents. Let’s say that you find a few ways to save about 500 dollars a month. 500 dollars a month equals 6000 dollars a year extra in your pocket. How much revenue would you need to generate to equal 6000 dollars in net profit? You would need to generate about 60,000 dollars in revenue. If you want to see how much revenue you would need to generate in order to equal your proposed savings, just take the number that you are going to save and divide it by the percent you are saving. It is really powerful to see how a little savings here and there can go a long way, so the choice is simple, would you rather save 6000 dollars or earn an extra 60,000 dollars in order to have the same effect on your finances. It is easier to save more money than it is to earn more. Tracking the expenses is crucial.

With all the deals that are out there, there is a lot of money to be saved. Plan your purchases and watch out for the impulse buying. As always one of the best places to put your money when we are struggling financially is into your debts. Paying off your debts is a great way to free up more money and living a debt free lifestyle can help you with having an abundance mindset. As always remember to be consistent with the program and make it a part of your lifestyle!