In This Issue

ISSN #PENDING
Aug. 7, 2008
Volume I, Issue 2

Published every Thursday. You are on this list because you signed up for one of our programs. To change your subscription, see link at the end of the email. Sign me up for this e-zine.

Welcome!

• First issue lessons and learns.

• Feature Article: 7 Tips to Getting Your Life Supported

• Elisabeth recommends: You Can Profit From Your Credit Cards by Curtis Arnold


Note from Elisabeth

Thank you so much for all of your kind, encouraging words about my first issue of Finanical Wisdom with a TWI$T. So many of you emailed me to say thanks and congratulations. I felt so supported, which is what lead to this week's feature article.

As many of you noticed, it was addressed to Welcome, %$firstname$%! No, you don't all have alien sounding names. It's just the syntax (language) that the html email programs use to pop your first name into the emails. I didn't quite have it right and I didn't realize it until it was too late. Lesson #1: Test, Test, Test!

I put the wrong date in the first issue about next week's telesminar. I hope you all got the correction. Lesson #2: always check your dates! Lesson #2a: Don't write when you're tired.

It wasn't perfect but I did it and that was the point. Too often we operate under a Ready, Aim, Fire mode and we stuck on the Aim section wayyyy too long. Sometimes you just have to Fire to move forward. This works in all parts of our lives but especially our finanical lives. As I mentioned above, many of you sent warm words of encouragement even though it wasn't perfect. Lesson #3: Just do it...the message will always come through.

I had so much fun writing the first issue I couldn't wait to do it again. And if any of you have something special you want me to research and write about, please feel free to just pop me an email with the subject "I want to learn this" and I'll get on it. Thanks again for all your support.


Elisabeth Donati
"Empowering Others for All Things Great & Small"


Teleseminars & Events

Our next Success Calls Telesminar is Tuesday, August 12, 2098 at 9:00 Easter (6:00 PST)

"RA Basics: Why, What and When"
with Arif Halaby, owner of Total Financial Solutions.

Arif has done several of our teleseminars and is a regular in our Creative Wealth for Women seminars and other adult programs. He leaves people speechless with the credit card information they had no idea they didn't know. Your call in number is: 641-715-3840, passcode is 425304#. Put it on your calendar right now so you won't miss a thing.

This call is FREE for all Financial Wisdom with a TWI$T members. Not a member? Simply visit the Ultimate Allowance site and signup. We do record the calls for those of you who can't make it.


Attention all women! If you're like me, you know that money means different things to women than it does to men. This is why Donna Kall & I created our powerful Creative Wealth for Women seminars.

Next one is coming up quickly...just in time to get you ready for the holidays! Sept. 19-21, 2008 (Fri. evening, Sat. & Sun) in Santa Barbara, CA.

This program is for any woman who needs to understand the basics and more.

If you're struggling financially...this program is for you.
If you have money but don't have a clue what to do with it...this program is for you.
If you have a friend or relative that is one of the above...this is the perfect empowerment program for them. For ages 16 to 106.

Who knew learning about money could be so much fun...and yes, there's always chocolate!

Click here for more information and to register today!


Your instructors can't wait to meet you!
Elisabeth Donati (right) and Donna Kall (left) playing in the park.


Feature Article

7 Tips to Getting Your Life Supported!

I’d like to introduce you to one of my favorite presenters, Loral Langmeier, The Millionaire Maker. She is the founder of Live Out Loud, a coaching and seminar company that teaches her Wealth Cycle program. I saw one of Loral's presentations a couple of weeks ago at Chris Howard's Ultimate Business Seminar (more on that later). She's very successful, a breath of fresh air and someone I wanted to introduce you to.

Loral grew up on a farm in Nebraska (just like me...the farm part that is). At a very young age she decided that she was going to be a millionaire. She started her first business at the age of 17 and at the same time started working with mentors in the finance and wealth industry. Her goal was to be a millionaire by age 35 but she actually achieved her goal when she was 34. Among her mentors are well know personal success guru Bob Proctor and financial educator Robert Kiyosaki. She is the author of the best seller, The Millionaire Maker, and her new book, The Millionaire Maker’s Guide to Wealth Cycle Investing. Now a multi-millionaire, she is a master coach and financial strategist who has helped thousands of individuals take control of their finances and become millionaires. I will be reviewing her products for you in the coming weeks.

One of Loral's biggest coaching tips is to get your life supported. This article will show you why it's so important that we all do this and will give you a few tips on how to do it.

OK, I can hear many of you saying to yourself, "I can't afford to hire people to help me." I used to think the same thing. The fact is, though, you can't afford NOT to have help. Doing it yourself is one of the biggest, if not THE biggest, mistakes that entrepreneurs make, especially solorpreneurs (people who run businesses by themselves). Here's where the thinking goes awry for many people.

Let's look at all of the things you try do each day that could be supported and, more importantly, keep you from doing the things you SHOULD be doing that will move you and your business and/or financial goals forward: housekeeping, shopping, errands, banking, handling your finances (personal and business), doing your own graphics (I'm guilty of that one), washing your own car, cutting your lawn, laundry, and dusting, my favorite (yuk).

How many of you are still doing many or even all of these chores? How many of you know in your gut that if you didn't have to do many, or all, of these chores, you'd be much farther ahead with your goals? Exactly. Just as I thought.

This has been a huge learn for me, the original "If You Want Something Done Right You Have to Do It Yourself" girl. I have totally altered my thinking and instilled new beliefs about this and oh my, you wouldn't believe the difference.

Look at it this way...what is the value of your time? $20/hour, $50/hour, $200/hour? If you make ANY of those, it makes sense to hire those chores done and get your life supported. If you can hire these things done by a competent 20-something year old (my guy is 37 and amazing) and pay them $12-$15 per hour, and you can make $50/hour or more during that hour, it makes absolutely NO sense to do those things yourself!

And another way you can think about this is that by employing a young person to support your life you are not only giving them valuable experience and providing them with income but you are also setting a great example for your children and those around you. You are showing them how wealthy people do their lives and I sense that's where we'd all like to be. Quite simply, there's some principles that all wealthy people use to get and stay that way and one of those principles is that they all have their lives supported.

OK, OK, you get it. So do you want some tips? Here you go...

1. First and foremost, sit down and figure out how much it would be worth to you to have someone do all those chores that you are doing yourself. Literally write down what you do each week and month, how many hours you spend doing it and then multiply that by how much you value your time, i.e., per hour. Add it up and hold on to your chair because if you're like me, you will be shocked!

2. Figure out what you need. In other words, look over these chores and determine which ones you can start delegating, add up the hours and this is where you start.

3. Next, look over the chores you're going to start with and write down across from them the skills your new personal assistant (doesn't that just sound helpful?) will need in order to carry out the required tasks. If they will be helping you with just household chores you won't need someone as skilled as, let's say, someone who is going to also help you with your real estate accounts or taxes or other chores that need a more specific skill set.

4. Now that you have the chores and the skill set determined, figure out what type of person you want in your life to help support you in doing these things. DO NOT SKIP THIS PART! It is critical. I never put an ad for help out to the world before setting an intention about the 'type' of person I wish to have supporting me. Make this list values driven: honest, open, eager to learn, funny, serious...whatever it is you feel you need.

5. Next, write up a short, but specific, ad stating exactly what you need, what skills are required and what expectations you have of this person. List pay and any special benefits you are willing to provide: use of car, meals, use of internet during off-time, bonuses, etc. Put this ad in Craigslist.org (my personal favorite) or any online 'help-wanted' service you use and is local to you.

NOTE: Be as specific as possible about how you wish for them to contact you. If you tell them to send a resume (which I never do since resumes say little to nothing about a person) and they don't, you now they probably not good with following instructions and detail. If you ask them NOT to send a resume and to call only and they send an email, same story. You want someone who can follow directions and how they respond to your ad will tell you ton about them even before you interview them.

6. Set up a interviews with the people you feel comfortable with. Talk on the phone first before you invite them for the interview. If there is any discomfort in your gut about this person, don't hire them. You will know the right person when he or she walks in the door. NOTE: if you prefer a male to a female or vise versa, my suggestion is to give that up. It is my experience that you never know who the right person will be.

7. Finally, and this is the most important step of all. After you hire your new personal assistant, praise them, appreciate them, build them up, teach them, empower them. It is only through empowering and supporting others that they can empower and support us. And it's only by being supported that we can help change the world.

Now go ahead. Take the leap. Get your life supported. I did this a while back and I can't tell you what a blessing it has been on so many fronts. I am sitting here writing this in the mid-afternoon (instead of late evening) because I am able to now. Spencer, my assistant, spent the afternoon writing letters, getting real estate tenants squared away, starting new phone service and more. I can now sit back and do what I'm good at and what I enjoy...writing for you!


About Elisabeth

 

Elisabeth Donati (aka Miss E) is CEO of Creative Wealth Intl., LLC, a company devoted to empowering individuals of all ages with the tools and information they need to be responsible for themselves and the world. She is also the creator of Camp Millionaire (formerly The Money Camp) and author of the amazing Financial Parenting Book, The Ultimate Allowance.

If you liked today's issue, you'll love Elisabeth's new book, The Ultimate Allowance which will help parents and guardians alike help their kids grow into adults who don't just survive financially, but will THRIVE financially.

While Elisabeth is best known for her expertise in teaching kids and teens about money, her true passion empowering others to be responsible for themselves in all ways. She is also busy training others to do what she does on a global scale. Her Creative Wealth Coaches leave her programs empowered with a new philosophy about what it takes to be happy and successful in life...and it isn't money.

You can learn more about Elisabeth and her unique programs, products and services by visiting her websites, CreativeWealthIntl.org and UltimateAllowanceBook.com.

Creative Wealth International, LLC
135 Chapala Street, Santa Barbara, CA 93101
Toll-free Info and Customer Service: 800-928-1932; Fax: 805-957-0125
elisabeth@UltimateAllowanceBook.com


Elisabeth Recommends

Frontier Trainings with Clinton Swaine

Clinton Swain is an amazing teacher, leader and coach. I took his introductory program, Play to Win, and gained so much from it I can't tell you. He has a saying I borrowed for our programs, "Stage time is wealth time." What this means is that if you're willing to get in front of people with your passion, regardless of what it is, you'll be able to influence and change lives like never before. Sitting in the sidelines, however, rarely has the same effect.

Clinton has two upcoming Play to Win seminars:
• Oct. 10-12 in San Diego
• Oct. 24-26 in San Jose

eFinPlan.com

This is such a cool place to work on your financial plan! I met these people today and they have done a fantastic job creating web-based financial planning software. I'm totally impressed AND it doesn't cost an arm and a leg either.

Kent and Laura Irwin are financial planner who really care about their clients. Check them out. Kent said it was actually Laura who suggested building 'friendly financial software'. I highly recommend their system and we'll be putting some of their articles on our website as well.

Video Sugestions:
If you ever thought you couldn't do what you really wanted to do,
please watch this: YouTube video.



Marketplace

If your child or teen loves to read, there's plenty of great books for them to read to help get them started in the right direction relative to thinking about money, how to make it, earn it, saving it, spending it wisely, invest it in assets, etc. Here's a couple of great books your child may enjoy:

The Ultimate Allowance...by Elisabeth (that's me!). This book is the only financial parenting tool you need to teach your kids how make, manage and multiply their money wisely.
You Can Profit from Your Credit Cards by Curtis Arnold, founder of CardRatings.com, the leading site for independent credit card information. This is a GREAT BOOK and I highly recommend it for anyone who has a credit card in his or her wallet! Remember, there is nothing inherently wrong with a credit card but there are dangerous ways to use it. Use it instead of letting it use you!
And here's one of my all time favorites for us grownup kids...
Secrets of the Millionaire Mind...by T.Harv Eker. This book is required reading for all of my Success Calls Coaching clients. I promise it will open your eyes and then some to what is controlling the financial aspects of your life.
If you have a great book you'd like me to review or suggest, send me an email...

Please feel free to forward this issue to friends, relatives
and co-workers with children. They'll thank you.


© Creative Wealth Intl, LLC, 2008