UNLOCKING THE SECRET OF LIVING RICH | MONEY MASTERY | FINANCIAL FREEDOM

All great adventures must come to an end and so does this podcast.  I have deeply enjoyed our time together each week and will miss our interaction. But for me, it is time to move on.  I am focusing on my expanding business and creating BWM University where we will guide entrepreneurs through their path to success. If you would like to participate, go to www.brownwelchmehta.com and click on the University tab.   Until we meet again I hope all of you can LIVE RICH! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Why is it that some people seem to shine in any sphere in which they choose to exert themselves, and others cannot manage even a glimmer despite obvious talent? Research shows that it’s the way that they think about their ability that really counts.  These people have a growth mindset. A growth mindset is the belief that intelligence can be developed. People with a growth mindset understand they can get smarter through hard work, the use of effective strategies, and help from others when needed. It is contrasted with a fixed mindset: the belief that intelligence is a fixed trait that is set in stone at birth. This week we will learn the five steps you can take to develop a growth mindset. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

In the next few days, you will make one of the most important decisions of your adult life.  No, it is not who will lead our country – it is who will be the leader of you! Who will be the CEO of your life?  We have become a society racked by disease – no not COVID – but the disease of entitlement.  The belief that someone else should take care of you, someone else should take care of your health - someone else should take care of your economy -  someone else should take care of your education  - someone else should take care of your retirement  - someone else should take care of your wage rate  - someone else should take care of your mental stability  - someone else should take care of your future.  That is plain BS – it is just not how life works.  You have to do your own pushups, you have to eat right,  you have to get good grades to qualify for the education you want, you have to be good enough to make the team, you have to  deliver the results for the wage you want, you have to grow to get promoted, you have to save an sacrifice to retire with money.  As soon as you let someone else have the power over your life you sacrifice your own future.  Someone else is the master of your fate. You give up safety, security and freedom.    A rich life comes from just one thing – your own ability to take responsibility for and produce results in your own life!  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Here is what great advice does: It lifts you up and helps you unlock levels of your heart and your mind you never knew were there. It helps you show up more fully for yourself and others. It helps you claim your life as your own. But the best advice goes further. It is essential. It is universal. It is truth wrapped in carefully-chosen words. It doesn’t matter who you are or where you come from or what you’ve been through, the best advice removes labels and boundaries, traverses space and time and cuts through skin and bone to reach the heart of hearts buried within all of us.   During these challenging and uncertain times, essential wisdom and excellent advice help us find perspective, shift focus and stay grounded. They show us what really matters. They restore us to right-minded thinking and wholehearted living—and break us out of our fog of fear. Right when we need it most.  That’s why I’ve assembled the list of advice for this week. May these truths be the light that call you through the mists of fear. May they see you safely back to shore. May they comfort you and remind you of what’s important. Every single time you forget.  1. Your life is your responsibility.  2. The way someone treats you is a reflection of how they feel about themselves.  3. Life is all about managing expectations—most of all your own.   4. When you know better, do better.  5. Your word is your bond.  6. Work hard. Stay humble.  7. Just keep going. No matter what.  8. Release the idea that things could’ve been any other way.  9. Listen more than you speak.  10. Do what you’re afraid to do.  11. Be kind. Always.  And lastly - #LiveRich    _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Being present means fully enjoying the moment that you are in. It is the moment when you are calm and you know exactly what you want. You are focused on what you’re doing without thinking about anything else. That’s when life is more real. For how long have you not been present, living the moment you’re in, feeling the now completely? _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

If 2020 had a word it would be PIVOT.  Everyone around the globe has had some form of pivot this year. Albert Einstein said "the definition of insanity is doing the same thing over and over and expecting the results to change" and that is so true today. But we are not on a one-way road for eternity with no turns, roadblocks, or change of direction. We will at some point, in business, in life or in training, need to pivot. And while pivoting on a soccer pitch or basketball court is a quick and often explosive event, it doesn’t have to be in other areas of life. Not always anyway.  This week we are going to talk about when it's time to pivot – what might indicate that you need to pivot? How you might pivot successfully and the power that lies within change of direction.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

In the decades I have spent working with people and thier money I have found there are 7 major reasons why people are not able to manifest financial success in their lives. This week we are going to focus on the 7 things you must do to achieve wealth: Wealth Tip #1:Have positive associations with money. Wealth Tip #2: Make having an abundance of money an absolute must. Wealth Tip #3: Develop an effective strategy for building wealth. Wealth Tip #4: Follow through on your financial plan.  Wealth Tip #5: Question the "experts" who manage your money. Wealth Tip #6: Never become financially complacent. Wealth Tip #7: Turn financial crisis into financial opportunity   Bonus - Success Tip #3  Resilience is by far the most important quality you can develop, not only for your financial success, but forsuccess in other areas of your life as well. Remember, the past does not equal the future. Because you failed in a venture in the past, it does not mean that you’ll fail in it in the future. You have to just keep on trying, and stop focusing on the failures, and instead, startfocusing on the opportunities that lie ahead of you. In Chinese, the word for "crisis" also means "opportunity." You have to take your financial crisis, and turn it into a financial opportunity. Master this art, and you’ll always be able to #LiveRich _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

In episode 153 we learned Success Secret #1 - Persistance.  That ability to hear no over and over and over and never give up.  This week we learn what must we must have even before we have persistence.  Success Secret #2 is Confidence.   This week we will learn the 4 C's of Confidence: - Courage - how to sep out into the unknown - Commitment - the driving force for change - Capability - the skills to get you there - Confidence - the sum of the courage, commitment and capability to achieve your goal _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

If the words 'debt,' 'credit score,' or 'savings' make you cringe, you are not alone.  Money topics such as debt, student loans, salary, credit scores and even saving for the future can cause paralyzing anxiety. In a recent study on financial literacy only 2 in 5 adults believe that, if their money could talk, it would say. “We are working well together”   So, to help improve your relationship with your money, we are going to discuss 10 potentially embarrassing money topics and come up with some suggestions so we can tackle them with confidence. MorBEING FINANCIALLY literate, or understanding all aspects of your financial life, is crucial to becoming confident about money. But often, we’re too embarrassed or uncomfortable to talk about money openly. According to a 2013 Wells Fargo survey of over 1,000 adults, 44 percent of respondents said "personal finances" is the hardest topic to discuss with others, followed by "death" at 38 percent and "politics" at 35 percent. Money topics such as debt, student loans, salary, credit scores and even saving for the future can cause paralyzing anxiety. In a recent study on financial literacy only 2 in 5 adults believe that, if their money could talk, it would say. “We’ve been a successful team.”  So to help improve your relationship with your money, we are going to discuss 10 potentially embarrassing money topics and come up with some suggestions so we can tackle them with confidence.    1. Are you spending well above your means? 2. Are you in debt because of overspending? 3. Are you in debt because of bad financial advice? I 4. Are you loaning money to friends and family? 5. Do you have too many Credit cards? 6. Do you have a weak credit score? 7. Are you being crushed under the burden of student loans? 8. Are you enrolled in a 401(k)? 9. Do you not knowing how to save? 10. Can you talk about money with your significant other - and not fight? Now that you’ve made it through the list (perhaps with a bit of squirming), don’t feel like you need to tackle all of this. Start small and commit to improving one aspect of your financial life at a time. Before you know it, the taboo money topics will be a little easier to discuss and manage and together, we can Live Rich.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Do you ever wonder if you will you ever succeed?  Will you “make it” to the success land? Don’t worry, you don’t need to read a crystal ball to predict your future. To achieve success in life, you need a single trait that any person can develop.  And it doesn’t take years to develop the trait. You can develop it right here, right now.   Right now before this podcast ends. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

I just finished the Tony Robbins five day Business Mastery event and my one big take away is that we all need a plan B. For many of us that Plan B is a side hustle that needs marketing. For some entreprenaurs and individuals, getting started on YouTube can be scary. Trust me when I say that the benefits of being on YouTube greatly outweigh the downfalls. Don’t let your initial nervousness get in the way of giving this powerful channel a try. The most important thing you’ll need for a successful YouTube channel is something you most likely already have — an understanding of who your audience is, as well as what kinds of things they may find valuable. Taking note of your audience and their interests will help you determine where to focus your efforts when creating content for YouTube. Video content can reinforce your branding efforts and show off your business expertise. However, it’s also a great way to entertain, educate, and connect with people. In order to truly make the most of the opportunity, here are 10 things you’ll need to do when you’re first getting started on YouTube: _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Running a small business, a family or just your own life can be demanding, and you’ve probably found yourself working late into the night on more than one occasion or unable to sleep due to the stresses of the day. Naturally, this can erode your ability to be productive and can even ruin your health. If you are too stressed to sleep, you are not alone. More than one third of us are sleep-deprived. But to give each day your best, adults need seven to eight hours of sleep each night. Getting less than the required amount of sleep can affect your health, your mood and your brain’s ability to function—and the longer you go without the sleep you need, the more the harmful effects compound. So it pays to make sleep a priority every night of the week, even if you need to cut back on your work time to do so. This week we will discuss why you should make sleep a priority and how to make sure you get the ZZZs you need.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Prosperous businesses don’t pop up overnight. Someone drives them to success.  That person is their leader.  This applies to families too, not just business.  Every family hits a rough spot, and every family has one person they look to as their leader. Everyone has to weather a rough patch at some point, and while business leaders must make tough decisions on how to improve their situation, they also have to pay close attention to team morale. The most damage to a business and a family often comes from low spirits.   This means, when trying times hit, your company and your family will need a leader more than ever. In recent months, the novel coronavirus disease (COVID-19) has negatively impacted businesses all over the world, with 79% of US businesses impacted and 34% of working adults are unemployed.    Income, sales and revenue are falling short. You may be facing the prospect of downsizing. Your best employee might be struggling to work remotely full time. Your team's morale is at an all-time low, and it's your job as their manager to lift their spirits and get them back on track. Your family may be on the brink of falling apart.   As a result, many have adapted, expanded their products and found new ways to engage their market. The good news is, you can too. To help guide your operation through crises, here are some leadership tips.  It is designed for business, but the same principles apply for leading your family. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

One of the biggest mysteries of my business is that most of my clients do not want to review their financial statements monthly or even quarterly.  Is it because they trust us so much?  No. Is it because we are so good at keeping their books? No. Is it because I have assured them I will “watch out” for their business? Sadly no. It is because they do not understand the elements of their statements and this is backed by research.  A 2019 SBA report showed that over half of small businesses were not reviewing their financial statements. And of that 50%, 86% were experiencing financial difficulties. Why? Businesses weren’t reviewing their statements … because they didn’t understand financial jargon. This week we are going to have a quick lesson in financial terms.  I am putting the full podcast in the show notes this week, so use it as a reference while you’re working with your accountant or while going over your books each week, month or quarter. First the easy stuff: Income Statement Your income statement is also called a profit and loss statement or earnings statement. An income statement shows all the money your business makes (i.e. profit).. Income statements are generated for a fixed period of time - generally monthly, quarterly or annually depending on the company and their needs.  It is very helpful if it includes the information for the same time period for the comparative prior periods. Example: First quarter of 2020 as compared to the first Quarter of 2019. Then you can use the data to compare results against same time frame. The Income Statement has several major sections that should be in the following order: Gross Sales or Revenue Gross sales includes the total of all sales activity during a reported period. Items like sales discounts, sales returns, and sales allowances are recorded on separate lines form Gross Sales. Net Sales or Net Revenue Revenue is the total amount of money a company brings in from its business activities after discounts, returned goods, and other sales allowances have been deducted. Businesses that sell goods, such as retailers, are more likely to refer to revenue as net sales. It is also called top-line because it usually appears at the top of an income statement. Cost of Goods Sold or Cost of Revenue Cost of goods sold refers to the full cost for the production of the goods a business has sold.  For example, if you sell shoe lace, the money the customer gives you to buy the shoe laces is revenue and the money you pay to the supplier for the shoe laces is cost of goods.  Another example, if you have a mental health therapy business, the amount the patient pays you for a session is revenue.  The amount you pay the therapist for an hours work to conduct that session is cost of services.   An accurate calculation of the cost of goods or services is critical to efficiently run your business. Gross Profit Gross profit is the cost of goods sold or cost of revenue subtracted from net sales.  This is the first and most important judge of the health of your business as it is the first determinant of how profitable a company is. It indicates the profitability of the products and services the company offers before considering operational expenses or overhead. Gross Profit Margin Gross profit margin refers to the ratio of the revenue that you keep as gross profit. It is also called gross margin or gross profit percentage. The formula to calculate this is (Gross Profit/Net Sales) x 100. A detergent business whose gross profit is $20,000 with net sales of $50,000 has a gross profit margin of 40%. This means the detergent sold returned 40% on the capital that’s directly associated with the detergent production. Now for the Overhead Operating Expenses Operating expenses are the costs tied to a business’s core operations outside of production costs, which are generally classified as cost of good sold. Operating expenses include selling, general and administrative expenses that are not directly related to the production of the company’s products or services. Selling, General, and Administrative Expenses (SG&A) Selling, general, and administrative expenses are expenses you incur while selling your products and services. They also include the cost of running your business on a daily basis. Below is a breakdown: Selling expenses include the cost to sell the goods you’ve already produced or purchased. This excludes cost of production or purchase. It includes: expenses related to sales material, traveling, advertising, delivery, warehousing, telephone bills, salaries of sales employees, and sales commission. General and Administrative expenses are usually more fixed than selling expenses. They include expenses related to rent, mortgage, insurance, utilities, and salaries of non-production and non-sales employees. Operating Income Operating income is the revenue or net sales that’s left after you deduct operating costs. It is also called operating profit or earnings before interest and taxes(EBIT). Its calculation excludes non-operating expenses like interests, taxes, lawsuit settlement expenses, etc. Operating Margin Operating margin is the ratio of revenue or net sales a business keeps as operating income. It is calculated by dividing operating income by revenue or net sales. The result is then presented as a percentage by multiplying by 100. For example, a business’s operating income was $10,000 on a $50,000 revenue or net sales. Its operating margin is then $10,000/$50,000 = 0.2 x 100 = 20%. Operating margin helps determine how efficient a company’s day-to-day operations are. In the example above, the business’s day-to-day operation made $0.20 for each dollar of revenue. Non-Operating Expenses and Loss Non-operating expenses are costs incurred due to activities unrelated to a business’s core operation. These activities don’t have tangible effects on operating results. This includes, but is not limited to, interest and insurance. A non-operating loss is loss incurred from activities that don’t relate to business operations. A good example would be a loss incurred as a result of a lawsuit settlement or a flood. Non-Operating Revenue and Income Non-operating revenue and income is the total profit created by a business from activities that aren’t tied to its core operations. Examples would include proceeds from selling business equipment or realizing a gain on a special transaction. Net Income Net income is gross profit minus all other expenses incurred during the reported period and also reflects any additional non-recurring income and expenses. It is the overall determinant of how profitable a business is. Here’s an example. If your gross profit is $20,000, and you spent $10,000 on operating and non-operating items, your net income would be $10,000. Those are the elements of the Income Statement or Profit and Loss. Net Revenue less Cost of Goods or Services equals Gross Margin. This is what you have left to pay for overhead and yourself. Operating costs are Selling, Marketing and Administrative.  When you subtract this from Gross Margin you have Operating Profit.  This is what tells the health of your business. Then there are the one time, odd things like floods, sale of equipment, interest and tax expense that are called Non-operating income and expenses. The bottom line calculation is called Net Income, which is what is left over for the owners. Now it gets a little more complicated.  Let's talk about the Balance Sheet. Balance Sheet Your balance sheet gives an overview of the financial situation of your company. Unlike an income statement, a balance sheet offers a snapshot of a business’s finances at one specific moment in time. A balance sheet consists of three segments: “Assets” - which are everything you OWN “Liabilities” - which are everything you OWE “Owner’s Equity” - what is left for you. These three segments must balance out in a simple equation. Assets = Liabilities + Owner’s Equity. Hence, the name balance sheet. Assets An asset is any item your business owns that is of fiscal value and is expected to benefit the business in the future. Cash and Cash Equivalents Cash and cash equivalents are assets and items that a business can easily convert into cash. Cash equivalents could include checks, certificates of deposit, and treasury bills. If your business doesn’t have cash equivalents, it would only report its cash-on-hand and in the bank. Accounts Receivable Accounts receivable is the amount of money a company has invoiced that has not yet been paid by the customer. It is from having sold goods or rendered services to its customers. This is what other businesses or customers owe your business. Prepaid Expenses Prepaid expenses usually arise when businesses pay in advance for goods and services needed in the near term.. Prepaid expenses usually appear on a balance sheet in the current assets subsection. This is because they’re usually due within 12 months. Prepaid expenses Insurance is one example of a prepaid expense. For example, assume your business pays up front for an an insurance policy of $2,400 with a 12-month term. You will initially have a $2,400 prepaid expense asset on your balance sheet. As each month passes over the 12 month period, you’ll reduce this asset by $200 and record an expense until the expense has been equally recognized over the course of the term. Other typical prepaid expenses include rent, supplies, legal and other products or services paid for in advance. Inventory  Inventory is the product you have on had to sell, but has not yet been sold.  For example, all the books on the shelves in Barnes & Noble are inventory.  Things they have purchased to sell, but have not yet been sold. Fixed Assets Fixed assets are a long-term tangible piece of property or equipment that a firm owns and uses in its operations to generate income. Fixed assets are not expected to be consumed or converted into cash within a year. Fixed assets most commonly appear on the balance sheet as property, plant, and equipment(PP&E). They are also referred to as capital assets. An example would be manufacturing equipment, delivery trucks, computers, etc. The next section of the Balance Sheet are the Liabilities Liabilities A liability refers to any financial amount  a business owes. This includes trade and accounts payable, accrued expenses, loans, mortgages, and even advance payments received from customers for goods and services not yet delivered or rendered. Liabilities are reported on balance sheets as short-term (current) and long-term liabilities. Current liabilities are typically obligations that are due within a year. Accounts Payable Accounts payable is also called trade payable. It refers to the total invoices for goods and services a business has received, but has yet to pay. They’re usually due for payment within 15 to 45 days. In short, this is money your business owes to other businesses. Accrued Expenses Accrued expenses are expenses that a business has incurred but has yet to pay. This is because either the invoices have not yet been received or the payments aren’t yet due. Accrued expenses are generally created by an accounting entry to reflect these liabilities. Examples of accrued expenses include interest on loans and taxes incurred. Salaries your employees earn up to the period of reporting, but aren’t due for payment until after the report is prepared, are also accrued expenses. Unearned Revenue Unearned revenue refers to advance payments a business receives from its customers. It is also called deferred or prepaid revenue. It’s considered a liability because you received the payment but haven’t delivered the product or service yet. Unearned revenue is treated similar to prepaid expenses.  Whereas the prepaid asset is reduced and the expense is incurred monthly over the period of a contract the opposite is true for unearned revenue. In this case, income is incurred evenly over the period of a contract and the liability is reduced accordingly. Notes Payable and Notes Receivable Notes payable are are amounts due to other parties outside of your usual trade and accounts payables. . These could be funds borrowed from a bank or an amount owed to a supplier for raw materials delivered. Notes payable are a debt instrument. They are recorded as a current liability on a balance sheet if due within 12 months. Notes receivable is the opposite of notes payable and represents amounts owed to you that are outside typical customer receivable transactions Examples may include loans made to employees or shareholders. Notes receivable appear as a current asset on a balance sheet if expected within 12 months. Owner’s Equity Owner’s equity is the totality of the owner’s investment into the business. This is the portion of assets that belongs to the business owner. It is derived by deducting total liabilities from total assets. Owner’s Equity is not the fair market value of a business. Statement of Cash Flow Cash flow refers to the flow of cash moving into and out of a business over a fixed period of time.. When a business receives more cash than it sends out, it is cash flow positive. A business is cash flow negative when it spends more than it receives. Everything is recorded on your Income Statement or your Balance Sheet.  Every item has two sides, thus Double Entry Bookkeeping.  So, if you pay the electric bill, the payment is recorded as an expense in the Income Statement under the category of Utilities and the other side is a reduction to cash or an increase in accounts payable. Managing your finances is one of the most important parts of running a business. Unfortunately, small business owners who have little financial background shy away from these responsibilities. By learning these key financial terms, you’ll be more able to understand your financial statements, communicate with finance professionals, and monitor your business’s cash flow. If you have any questions email me at cindy@cindybbrown.com.  Until next week Live Rich! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

After years of earning and saving money, you may be left wondering how you can increase you income further. Or, if you received a recent "pink slip" you make need to find a way to make some income. Investing probably comes to your mind fairly quickly. After all, we’ve all heard stories of people making a lot of money off of the stock market. So how can you invest to make money? _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Last weekend I attended the Tony Robbins virtual Unleash the Power Within event with 22,500 of my closest friends.  What an experience.   But, one of the early questions was “what is success?” Is it wealth? Is it happiness? Is it fame? How did we define success? The late Zig Ziglar was one of the most respected modern day experts on success, motivation, and leading a balanced life. In his book Born to Win!, he argues that success cannot be defined in one sentence, but instead it is comprised of many things. One could argue that the definition depends on the individual and that one size does not fit all.  After some real soul searching I found 21 different definitions of success. Not all of these will resonate with you, but chances are at least a few of them will. Use these or find inspiration here to create your own definition of success that can be applied to your unique life.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

For longtime listeners, this guidance may seem repetitive. But even if I stressed this point every month, it may not be enough.    Investing in risky assets like stocks and corporate bonds should never be the first step you take in building wealth and establishing financial freedom. It should be one of the last.   But why am I doing this again?  Well, somehow COVID had make people think that they can be an investor in their down time.  My son, and many many of his friends have invested with the App Robin Hood.  The app makes recommendations on trades and even teaches you to day trade. While some of these elements are great - there are some big big cautions you need to take before even think about investing.   All investors – and I mean all – must go through these mission-critical preparatory steps first... Clearly Define Your Investment Goals Know Your Investment Horizon Understand Your Risk Tolerance Clean Up Your "Personal Balance Sheet" Then you can invest in the top two tip I have this week. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

One of the easiest things you can do to help keep your financial house in order is to get organized. Having your financial information stored and processed in a systematic manner will go a long way in helping maintain your finances. This week we will cover five easy steps to get your finances organized. Start a Basic Filing System Keep Important Documents Organized How Long to Keep Your Documents Keeping Your Information Safe Being Organized for Your Heirs _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Well, the first half of 2020 is over. Whew!  But what will the second half bring?  There are many things in today's world that are out of our control. However, there are many things we can control.   This week we are going to learn how, not just to survive these crazy times, but how to THRIVE.  Use these eight tips to come out of 2020 stronger and more successful than ever. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Now it the time to move forward STRONG, to know where you want to be at the end of this year, to have a goal and plan to come out of this time. There is both an art and a science effective goal setting -and this week we will learn both skills. Lets ROCK the rest of 2020. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Want to know the secret of success?  Mastering self-confidence. No matter how mind-blowingly brilliant your business idea is, or how insanely talented you are, absolutely nothing will take off if you don't believe in yourself. Confidence is the jet fuel you'll need to fly towards success. There will always be thousands of obstacles on your journey--but you're stopping yourself right at the gate if you lack this one key trait. If you think building confidence is impossible, realize that it isn't an innate trait anyone is born with. You can develop your own self-poise and sense of confidence. All you need is a plan and some elbow grease. This week we will learn how to do it _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Recently, I have been feeling somewhat lost.  The days seem to run together and my mojo is on break.  How about you? Is your clear direction a little fuzzy or maybe you need a direction reset. So this week we are going to ask ourselves a few questions to help us both fine tune our success compass and start heading in the direction of our dreams. We don't often talk about the absolute most important thing in our lives - time. Time stands at the center of our lives. You never feel like you have enough of it. You want to make the right choices for your future but you're worried about wasting it. You want to find the right direction before time runs out. You want to find the right path and make the right decisions when it comes to your future, but there's the possibility that you'll spend months or years pursuing something you that might not be worth your time and effort. So how are we going to narrow down our decisions and start taking action in a world with endless possibilities? There is no clear cut answer to that question, but there are some ways to get you pointed in the right direction.Today I'm going to share some ideas and exercises to help you fine tune your success compass and start heading in the direction of your dreams. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

The best way to get yourself up and out of this rut we all seem to be in - focus on continual, small improvements.  Make a promise to yourself to do just one thing 1% better or more consistently each day, then keep that promise to your self.  As you gain traction you will be amazed at how a few small improvements, applied daily, can change your life! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Motivational speaker Jim Rohn famously said that we are the average of the five people we spend the most time with.   When it comes to relationships, we are greatly influenced — whether we like it or not — by those closest to us. It affects our way of thinking, our self-esteem, and our decisions. Of course, everyone is their own person, but research has shown that we're more affected by our environment than we think.​   Let's take a look at this philosophy and how you can use it to be happier, healthier, more successful and generally a better person in the coming year.​ This week we will discuss a few reasons that the five people who get the majority of your time should be put in your innermost circle with purpose, not by accident.​ Your intellect will be stimulated.​ Your opinion of yourself might drastically improve.​ You might gain a mentor, or become one.​ You will develop healthier habits, and that means looking and feeling better every day.​ You will attract someone positive, amazing and conscientious about all of the above​ Do an assessment of the people you spend the most time with. Are you lifted up, feel safe or just want to escape?​ When you're surrounded by the right group of people and in a good place within yourself, you have much to give back to them in return. Together you can LIVE RICH _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

What if I told you that with a simple smile, you could change the course of someone’s day… or life? Would you smile more at people walking in the street, your office mates on zoom.....your kids?   Mother Teresa once said, “We cannot do great things on this earth, only small things with great love.”  This week we will learn the positive affects of kindness on ourselves and others. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

One thing COVID has done is heighten our anxiety. One of our greatest fears is the unknown and man, we have a lot of unknown right now. But here is one known – we can squander this time or we can use it to conquer our fears and move our lives forward!  This is a great time to consider making resolutions to change for the better. Of those who succeed in making resolutions many fail. But many fail before they give success a chance because of fear. Some are afraid of failure, others are afraid of successand some are afraid of the unknown.  Regardless of the source of the fear, it immobilizes too many and prevents them from achieving what they desire and are capable of.  There is no more sure way to fail than to never try. This time, don’t let fear kill your hustle before you even get moving. Here are 14 ways to overcome fear and make this year the one where nothing holds you back _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

If you feel overworked and under-productive these days, you are not alone. Our workplace moves at lightning speed in a million different directions. We are working more hours than ever, and at the same time, our workplace productivity per hour is slipping, even with the recent advantage many of us have by working from home. I blame it on the word “Yes.” “Yes, I can” more often than not really means “I think I can, I think I should or I am afraid of saying no.” This is hurting today’s workers who can’t overcome a mountain of tasks, even with the most sophisticated task management tools.   Instead of over committing ourselves, we should be saying the word “No.” “No” is a powerful word. Here are seven ways to wield the power of no and be more productive at the workplace.   1. Say No to digital clutter by cleaning up your email and digital space   2. Say No to coffee breaks-and chats with friends at work   3. Say No to perfect writing on internal communications   4. Say No to unproductive meetings if you can 5. Say No to sub-standard work from others on your team 6. Say No to an empty calendar and the appearance of unscheduled time 7. Say No to back-burner projects   Say Yes to things that add value and create a rich life! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Out of the 10,000 news stories you may have seen or read in the last eight weeks, did even one allow you to make a better decision about a serious matter in your life?  In the past few decades, the fortunate among us have recognized the hazards of living with an overabundance of food (obesity, diabetes) and have started to change our diets. But most of us do not yet understand that news is to the mind what sugar is to the body. News is easy to digest. The media feeds us small bites of trivial matter, tidbits that don't really concern our lives and don't require thinking. An overabundance of news is killing us. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

“You will never change your life until you change something you do daily. The secret of your success is found in your daily routine. ” — John C. Maxwell  Rituals make you who you are. The morning ritual is rediscovering productivity at the start of the day. Now more than ever – we need ritual and structure to our days. You need not wake at the crack of dawn to have a productive start to your day. Instead, you need to take a close look at how you start your day and figure out how to get more from it. One way to do that is establishing a morning ritual. This week we will go over seven different rituals to start you day with success! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

One of the greatest quotes of the 20th century was by Franklin Delano Roosevelt when he stated “Yesterday, December 7, 1941 is a date that will live in infamy” as he announced the attack on Pearl Harbor where 2,335 people died.   On September 11, 2001 where 2,977 people died George Bush said “Today, our nation saw evil -- the very worst of human nature -- and we responded with the best of America.”   As of today, almost 30,000 people have died in the US and we again are facing fear and uncertainty. But this time we are not at war with other countries –we are at war with a virus. This time we will not fight with guns and the loss of human life in the name of freedom. No, this time we fight by following the basic rules of hygiene and common sense.  Stay home – stay away from infected people – wash your hands with soap - don’t touch your face – keep your fingers out of your mouth – and, for at least a while, follow the rules.   We will win this war on the virus – but what will the collateral damage to the global and local economy be? How long will it take to recovery financially – will it be months or decades? Some of us will never recover and some with thrive.  As history has shown, in every crisis some industries have explosive growth.     More that 17 million people in the US have filed for unemployment as of last Friday – meaning many more than that have lost their jobs.  Some of those jobs will return quickly, and some will never return.  What can we do now to help us survive as the world has changed forever?  We need to look at what and who are working now?  What do the people around us need and are willing to pay for? Now more than ever, many of us need side hustles to survive this economic downturn. This week we will go over some downturn proof side hustle ideas. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Do you check your email as soon as you wake up? Do you send text messages from just about everywhere? Do you feel like today you so connected and informed that you sometime actually have no idea what is really going on? Have you gotten to the end of an hour/day/week and have absolutely no memory of what happened? Do you have cyber-overload and feel constantly distracted?  Well this week, we are going to learn some tool to help us unplug just a bit – remember my confessions as a smart phone addict – and get focused.  This week is focused on avoiding distractions. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

The last few weeks have been very unsettling.  Not knowing what was going to happen or how long we will be on lockdown has had a real impact on my usual cheerful nature.  So what have I done about it?   I have taken a very enlightened approach of pretend it it's not happening—one that’s about as effective as other common responses such as get angry, push people away, blame yourself, or wallow in the pain.   If the ostrich approach is not helping you – or me - here are some resilience practices  which can help you confront today and the potential next four weeks of quarantine more skillfully. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

As many of us enter the second week of the "in place directive" or self quarantine, it is easy to get into a rut while working from home. Although the commute is awesome, It's not always easy to make the switch from office to home though.  But for millions of us, this isn't work from home - it is no work – and this can be mentally challenging.  What do you do all day when everything is closed except binge watch shows? Are you stuck? When we get stuck, we often wait for external change to happen. But change doesn't happen to us, it comes from within us. Change is scary and painful, but it's also necessary for getting unstuck. And when that happens, many opportunities open up. First and foremost use this time to learn new things.  There are so many online courses that are free to help you explore the skills that will move you forward in life.  Don’t let this down time be wasted – do something to make yourself better when this is over in a few weeks. So, this week we will cover some tips to be a better you post crisis! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

In these times of uncertainty, it is so easy to follow the crowd and engage in panic thinking and I have social proof! COVID 19 is a respiratory illness not an intestinal one, so why are Kleenex still on the shelf and toilet paper is gone?  I can absolutely guarantee that as a society, we will be fine.  Although this specific event is unparalleled, the resilience of the American people and the work at large will see you through this.  It will be a really tough two to three weeks, but we will be okay.  We will survive and eventually thrive. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

I don’t know about you, but I am already tired of hearing about COVID-19 or the Coronavirus. As the novel coronavirus epidemic rapidly evolves, rumors have swirled around the globe, spreading misinformation and fear.  The concern is understandable. More than 109,000 confirmed cases and more than 3,800 deaths have been reported globally since the coronavirus known as COVID-19 first appeared in Wuhan, China, in late December, according to the World Health Organization (WHO).  But of the confirmed cases, only 647 have been identified in the U.S., and more than 40 cases have been found among Americans repatriated from Asia. 25 U.S. deaths have been reported so far from COVID-19. By contrast, the vast majority of cases and deaths have been reported in China, where a torrent of media coverage has shown healthcare workers covered head to toe in protective gear and members of the public wearing masks.  This week we will separate fat vs fiction and see where our risks really are. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

  In a world of average people -- and average salaries -- many of us aspire to join the 7-figure club. Who doesn’t dream of becoming wealthy, so they can stop working, go on guilt-free shopping sprees and take endless vacations?  However, most rich people don’t do those things, and that’s part of how they build and maintain their wealth. There’s a difference between living a life of careless spending (which will quickly drain even a wealthy person’s bank account) and living for long-term financial independence and wealth.  The self-made rich aren’t necessarily smarter than anyone else, but they have mastered some important principles that help them get ahead and stay ahead. Most important, they treat building wealth as a learnable skill -- and it’s one that you can learn, too.  So, if you’d like to join the ranks of the super wealthy, try honing these 10 habits and lifestyle changes and see what financial freedom truly feels like.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

This week we will go over some quick and easy ways to make your community and our world a better place.   Why?  Because right now one thing is abundantly clear: The world could use a little more peace, love, and understanding. There is suffering to be eased; there are wrongs to be righted. If you read the daily headlines and wish someone could just step in and make things better, we have good news: Someone can—and you already know just the person for the job – you! Inside you there’s a mighty activist, even if you’ve never owned a bullhorn or chained yourself to an oil rig. To be an activist, all you have to do is exercise your power to, yes, act. You can be a force for good whether you’re helping a neighbor, raising your voice, or calling attention to a problem in need of a solution. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

We’re all creatures of habit. We tend to wake up at the same time each day, brush our teeth, have morning coffee and commute to work, following the same patterns every day.  So why is it so hard to form new healthy habits?  Behavioral scientists who study habit formation say that many of us try to create healthy habits the wrong way. We make bold resolutions to start exercising or lose weight, for example, without taking the steps needed to set ourselves up for success. This week we will learn some tips, backed by research, for forming new healthy habits.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

This week is Valentine’s Day and love is in the air – but to you love the most important person in your life? That person is you! With everything happening all the time, it’s easy to forget to take care of yourself. How can we focus on ourselves when there is so much going on around us, not even to mention worrying about careers, families, money, stress and everything else that comes with modern life? But it doesn’t have to be as difficult as it seems. This year, we are going to cover loads of lessons centered around self-acceptance and self-care, whether that means acknowledging a small achievement, being O.K. with your guilty pleasures or just trying to be a little more scarce. Here are eight simple ways to be a little kinder to yourself in 2020 _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Who would like to see the future?  Know what was coming an when?  Last week one of my client suddenly died. It was tragic - a vibrant life cut short.   This made me think of all the lessons I have learned so far that I wished I had known earlier in life.  This week we will go over 15 life lessons everyone needs to know. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

The IRS starts accepting 2019 returns on Jan. 28, 2020. Even if your financial situation is simple and straightforward, it pays to make sure you’re up-to-date and doing all you can to reduce your tax bill. This week we will go over 10 best tips for tax-filing season.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

The best way to get out of debt quickly is to make more money! We all could do with a few extra dollars in our pocket, but unless your boss is a fan of giving you free money - and a lo of it- you will probably have to work for it. Thankfully, you can do a lot of that work in your spare time. Here are some of ways I have used to make some extra money, ranging from the super-lazy to the intensely-engaged. To be fair, the amount of money you’ll make from a side gig depends on your skills and time commitment. Maybe you’re just looking for some extra spending money, or maybe you have a specific goal. This week we will go over some options, sorted by how much effort you want to put in for the return you will get back. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

My goal is for you to look back in Jan of 2021 and know that this was the year of great change – this is the year you are finally making a dent in all that debt and are on your way to financial freedom!  You're listening to  this because somewhere along the lines, you spent far more than than you earned. You may have failed to control your impulses. Or maybe you were unprepared for the unexpected and ended up with so much debt from medical expenses that you're struggling to get by. Whatever the case may be, you have debt, and it needs to be eliminated.  This we cover the nine things you need to do right now to get off of the debt train and on to the path of financial  freedom. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Regardless of how much money you make or have - the number one rule to financial success: spend less than you earn. This is true if you make $45,000 a year or $4.5 million a year – if you spend more than you make you will be broke.  Just look at lottery winners and pro athletes who start with millions in dough and end up with millions in debt.    The best way for you to spend less than you earn is to keep track of what you spend and plan for ways to spend less than you earn or earn more than you spend. This week we learn 10 tricks for crafting the perfect budget - and sticking to it.  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

2020 is not just the start of a new year - it is the start of a new decade.  Most people overestimate what they can get done in a year, but seriously underestimate what they can get done in a decade.   Have you taken the time to plan your future decade?  Do you have a clear picture of your health, career, loved ones, finances as you celebrate the end of the 2020's and dawn of the next decade? If not, this week we are going to discuss a few things to think about as you plan for the best decade of your life!  _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

When people think about setting goals for the next year, people frequently think about setting New Years Resolutions. Can I ask you a question- do you actually keep your resolutions?  Chances are that you don’t - and often neither do I. But people who continually fail resolutions often like the idea of being able to implement new things in their lives regardless. Instead of trying to do everything at the start of the year, you should try to spread out your goals throughout the entire year!  Thus, a 20 for 2020 goals list is a perfect way to spread out your goals and resolutions across the entire year. This week and next week we will help you optimize your 20 for 2020 list, and provide ideas and inspiration to add to your list. In the end, you can get your list together in the last weeks of 2019 to let you get started immediately! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

When people think about setting goals for the next year, people frequently think about setting New Years Resolutions. Can I ask you a question- do you actually keep your resolutions?  Chances are that you don’t - and often neither do I. But people who continually fail resolutions often like the idea of being able to implement new things in their lives regardless. Instead of trying to do everything at the start of the year, you should try to spread out your goals throughout the entire year!  Thus, a 20 for 2020 goals list is a perfect way to spread out your goals and resolutions across the entire year. This week and next week we will help you optimize your 20 for 2020 list, and provide ideas and inspiration to add to your list. In the end, you can get your list together in the last weeks of 2019 to let you get started immediately! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Goals are not something you could achieve someday, they are something you should achieve. Setting Goals is by far one of the most important things anyone, who wishes to accomplish anything in life, must do.   Why is Goal Setting so important? In life, you are either part of somebody else’s plan, or you are part of your plan. This week, I share with you 5 proven ways that you can set and achieve your goals. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Of all the different things you can try to improve your health,happiness and productivity, a morning routine is one of the most effective. There are a few reasons why morning routines are so useful. The first is obvious to anyone who has ever procrastinated, just getting started is often the hardest part. If you can start out with the right momentum towards your goals, you’ll avoid wrestling with yourself in the morning to get started. The second is that the morning, particularly before the workday officially begins, is a quiet time with fewer social obligations. For many of us, the rest of the day can present a chaotic, ever-changing blast of responsibilities, urgent errands and unexpected interruptions. The morning, in contrast, is often the most consistent part of your day. Morning routines also set the tone for your upcoming day. Do you want your workday to begin quiet and contemplative? With vigorous exercise? Silent meditation? Creative and productive? Your morning habit can push you along a current which will carry throughout the morning and allow you to maximize whatever aspect of your personality you want to be most important. This week we will learn six very different routines to start your day off right. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

Talking about money with your spouse or partner isn’t easy, but this week we will cover some advice that should help make the conversation a healthy and productive one. Maintaining a healthy marriage or long-term relationship takes a lot of work and communication. But if you and your spouse or partner aren’t talking to each about money, specifically, it could be undoing all the hard work you’re doing in the otherareas of your marriage. If you and your mate are unable to communicate about money, then neither of you is setting your partnership up for success. Don’t let that happen. This week we will cover twelve pieces of advice that can help you and your partner start a healthy, productive money conversation. _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!

We all know the feeling—the panic that sets into your stomach when you see the bill for an unexpected car repair. How are we going to pay for that?  But what if a car repair was just an inconvenience? Instead of worrying, you pay the bill without thinking twice. A week later you’ve forgotten that it even happened! That’s how little it affects your financial situation. It’s not an emergency. It’s barely a hiccup! Do you feel that sense of relief? That’s what financial freedom feels like.   Financial freedom means that you get to make life decisions without being overly stressed about the financial impact because you are prepared. You control your finances instead of being controlled by them. The path to financial independence isn’t a get-rich-quick strategy. And financial freedom doesn’t mean that you’re “free” of the responsibility of handling your money well. Quite the opposite. Having complete control over your finances is the fruit of hard work, sacrifice and time. And all of that effort is worth it! This week we learn the secrets to create a life of financial independence! _____________________________________________________ Get my NEW book Pragmatic Prosperity now! Download Think and Grow Rich ---> CLICK HERE Listen on iTunes or Listen to/download this episode here: Love the show? Tweet me a shoutout at: @Cindybbrown777 Want to sponsor episodes of Unlocking the Secret of Living Rich?  Email Cindy at : cindy@cindybrown.com Mentioned in this show: Follow us on Facebook: Cindy B Brown Subscription/SocialLinks: Subscribe on iTunes! Subscribe to the Living Rich Mailing List http://www.cindybbrown.com LIVE RICH!