LIFT

The Bad Advice About Credit That’s Kept You Stuck

I’m a little riled up as I write this.

I’m part of a private Facebook group and someone posted a request for guidance about taking out a business loan to support the next evolution of her business.

The immediate response she got back from 4 people was don’t take out loans for your business, don’t go into debt, and no debt = freedom.

This is the exact thinking that keeps so many people, maybe you, stuck in work they don’t love, chasing false financial freedom and wondering why they don’t have the lives they want.

Debt is not the source of your slavery.

Credit is a gift.

Used wisely, it can and will finance your learning, growth and evolution. And it can support you to create far more in the world than you can without resources.

In fact, part of the reason most of our country’s wealth is captured and held by the 1% while the rest get poorer and poorer is because we’ve been conditioned into focusing on saving instead of on leveraging debt and other resources to invest in ourselves and creating more wisely.

If you would love support with accessing credit and using it wisely, hit reply and let us know. We’re currently planning our next training on accessing and using credit with joy and we would love to know your biggest questions about this topic.

To your eyes wide open life,

Ali

PS — Tell me your story of using credit and being in debt by hitting reply so I can help you take your next steps beyond fear and conditioning. Better yet, give this one some thought and then tell me what came through: if you had access to $50,000 of credit at 0% for a year, how would you use it? What would you invest in? What would you create?

Does your business need a LIFT?

Today’s love letter is all business.

March 15 is the deadline for you to elect S-Corporation status for 2016 for your LLC or Corporation.

This is an important determination because it allows you to pay yourself a salary via payroll (thereby giving you a W-2 as if you worked for a company) and to only pay self employment taxes on the part of your income that is your salary.

If you have an LLC and do not elect S-Corporation status, you pay self-employment taxes on all of your income!

This could add up to a several thousand dollar difference for you come tax time next year.

If you need support with getting your legal, insurance, financial and tax systems set up, you may want to consider our LIFT Foundation System + Toolkit.

The LIFT Foundation System covers issues like:

  • How to incorporate your business
  • How to maintain your business entity
  • How to protect your intellectual property
  • How to set up your team members properly
  • How to get legal agreements in place
  • What types of insurance you need
  • How to set up your financial systems
  • How to save loads of money on your taxes

You can read about the full system here.

Your investment in the system gets you the education + the agreements + the implementation maps you need to get your legal, insurance, financial and tax systems in place and will easily save you tens of thousands of dollars on taxes, ensuring you don’t get sued, and that your business is LIFTed with the foundation you need for success.

Whether you get the LIFT System or not, please make sure you’ve got the right legal entity in place to protect your personal assets and ensure you don’t overpay on your taxes.

The LIFT System comes with 60 days of Eyes Wide Open membership AND if you are one of the next 5 people to enroll and pay in full in either the digital OR deluxe versions before March 12 (to give you time to make the deadline to file for your S-Election), I’m going to get on the phone with you personally to answer your questions about legal, insurance financial and tax systems in your business.

If you have any questions about whether this System is the next best step for your business, hit reply and let us know. We are always here to support you in making Eyes Wide Open investments in your next evolution.

Love beyond,

Ali

PS — having the wrong tax setup in my business cost me over $100,000 back in 2006. I created the LIFT Foundation System so this wouldn’t have to happen to anyone else. You can hear that story plus several more in my presentation here + get a coupon code for an immediate $500 discount on the LIFT Foundation System:

http://www.myliftfoundation.com

In the fire + pictures from Costa Rica (including my boyfriend!)

A quick love letter from Costa Rica to share with you some of my experience here in this beautiful place.

First and foremost, for those of you who are most focused on the Eyes Wide Open business teachings, and not so much in the Raw and Real parts of what I share, I’ll warn you now that this love letter is a mix of both.

There’s a little business and a little raw/real happening in this love letter. If you are all business, all the time, you may want to close this one down now and get on to the next. But if you like the raw/real, read on and you’ll get some business goodness as a bonus.

I came down to Costa Rica a week and a day ago with my family, so I could speak at Envision Festival. I haven’t gotten all the pictures uploaded yet, but you can see a few on my private Facebook profile.

And here’s a quickie of the whole family as we were sending Melina, Lotus and the boys back home after Envision. The boys (men really at this point), are my son, Noah, Kaia’s boyfriend, Max, and my boyfriend (yes, I did just say that), Rainbow. Yes, his name is Rainbow.

Kaia and I stayed on for a women’s retreat with Jess Magic and Elena Meta, and in it we are exploring the elements, dance, voice and writing.

Today, the element was Fire. Breath of fire, dance of fire, sweat lodge, fiery food, and a fire ceremony to burn up whatever is ready to be released.

For me, it was the control paradigm and the last vestiges of my need to prove myself.

So, what does all this have to do with building your life and income awake, aware and on your terms?A few things …

#1: Integration of the learnings

In the past, I’ve moved so quickly from one thing to the next that I have not had time to integrate the learnings. Just last month, I went immediately from a private event at Esalen (called Return) to lead my Money Map Masters in a retreat and then immediately after that into a month of intense focus to prepare for me to be out of the office for two weeks.

This time, I decided to stay on here in Costa Rica for an extra week to attend this retreat with Kaia and to integrate the teachings and learnings from my time at Envision.

Taking my whole family to Envision was a big deal. It’s really a working event for me, not just a vacation. I’m there to speak and network, not just to hang out and have fun. And having the kids (particularly my 12-year old who still really needs a lot of me) with me was an added challenge.

But having them with me was also really fun and I had a lot of support from friends, as you can see in the pictures. Plus, I always feel really great when the kids get to hear me speak because I’m teaching some radical money concepts that they aren’t going to get in school or from the media, so I’m glad they are getting it from me and not just by osmosis, but consciously and intentionally.

#2: How to free yourself in your business

I’ll be gone a total of two weeks. Most of it off my computer, other than time to write a couple of emails, do Facebook and chat about a few things with my team via Skype.

A month ago, I was working like crazy. I wasn’t sure how I was going to manage getting out of town, let alone being mostly offline for two weeks.

So I decided to make the investment in hiring someone who could really stand in for me in both businesses and bit the bullet. I brought in Brenda Mathisen (most recently Chief of Staff for one of the PayPal investor/founders), spent a month connecting deeply with her and providing training and then left town so she could take over with minimal interference from me.

This is the counter-intuitive way to free yourself in business. Get the right person or people on board and then leave town. In the past, I thought I needed to hold on and oversee things for way too long. What I realize now is that was disempowering and indicative of my lack of trust.

By leaving town, I showed my team (and Brenda) I trust them and while I know some mistakes will likely be made, I trust them to learn, grow and evolve from those mistakes, which includes figuring out how to fix them when they happen.

Repeatedly, I have seen this with women lawyers in my New Law Business Model coaching program — they get pregnant, and if they coach with me ahead of their maternity leave to hire the right person then hand off systems with trust at the foundation, they leave to have a baby and come back two months later with a practice that is thriving far more than it would have if they had been in the office micro-managing every day.

Try this one yourself, even if you aren’t having a baby. Just plan a vacation and then actually take it. But do remember to hire a great person first.

#3: Death

The last thing I want to mention in this week’s love letter is Death.

Confronting the reality of your mortality will result in you having a better life. It is coming up in my reality frequently and I want you to start to consider how that might be true in your life.

Have you confronted your mortality? If so, have you planned to make life better for your loved ones after you are gone or are you starting doing that now? How is your own life getting better by looking at the reality of your own death?

I know this may not be an easy conversation or consideration for you, but it is an important one so you can make the very best decisions regarding the use of your resources that you possibly can.

If you want any support with that, please send me a message at alexis@eyeswideopenlife.com and let me know. It’s something I’m being asked to do more and more lately and I’m feeling called.

Love beyond,

Ali

PS — we have twenty new Eyes Wide Open members who are also B-Schoolers and I want to send a great big welcome to you all! If you have not already received your invite to our private member’s forum and requested to join, please check your email including the spam folder. Welcome! I’m excited to see you there.