Category Archives: Money

How to Request an IRS Payment Plan Installment Agreement to Avoid Levy or Seize Property

Helpful Links for Setting Up an
IRS Payment Plan

Part of my financial freedom journey left me owing back taxes.
Oh, joy. My 2012 was on a payment plan a few years back and then early in 2017 I started this process again. Here’s some valuable information I’ve gleamed from the IRS while reconciling my finances.

Steps for Making Payments on Back Taxes

  1. File Taxes Owing IRS
  2. Get IRS Letter on What You Owe
  3. Setup Installment Agreement
  4. Make Payments
  5. Celebrate Being Free!

Helpful Links for IRS Payment Plan

 

IRS Customer Service Phone Number: 800-829-3903

This is the mailing address for IRS I was given
If you call them, confirm which address because it’s different for each state

Internal Revenue Service
ACS Correspondence
PO Box 145566
Cincinnati, OH  45250-5566

IRS Online – “Get Transcript”
https://www.irs.gov/individuals/get-transcript
Online service to request a list of all the income sources the IRS has on record for you each year

IRS Installment Agreement Request – Form 9465
https://www.irs.gov/pub/irs-pdf/f9465.pdf
This is the link to request making payments on taxes

IRS Installment Auto Payment – Form 433-D
https://www.irs.gov/pub/irs-pdf/f433d.pdf
This is the link to the form to setup Autopay “direct debit”

IRS Request for Copy of Tax Return – Form 4506
https://www.irs.gov/pub/irs-pdf/f4506.pdf
This is the link to the form to get your tax return

IRS Claim for Refund and Request for Abatement – Form 843
https://www.irs.gov/pub/irs-pdf/f843.pdf
This is the form to request penalties be removed

Good Things I Learned from IRS

  • You pick the installment agreement price. I owed $3600 and I suggested $100 a month and they accepted it
  • You can pick your payment due date on your installment agreement
  • If you make less than $10,000 you don’t need to file taxes that year
  • Ask For What You Need!! I told her I felt overwhelmed getting this together in 10 days so she extended it to 30 days.

***

“Trust that everything is working out for the best …
When you start thinking this way, life becomes magical ”
– Your Wish is Your Command

This is the worst nightmare scenario I had been fearing. Receiving IRS notice of intent to seize my property! When I read the letter I felt fine, there was no panic, no overwhelm, no barrage of condemning self talk like every other time. A few months ago this letter could easily have shattered my limping spirit.  Instead I was ready for it because I felt good and then I read the letter while giving thanks, “I am capable of handling my taxes once and for all! OMG I am truly coming out this anxiety ridden stage in my life – Hallelujah!”

I am so grateful I let those negative self beliefs go. With this renewed positive confidence I handled this tax levy situation by trusting everything is working out for my best. So it did – I was inspired to ask the right questions and attract the kindest representative to support me! Everything is on track with my back taxes now – what an even better feeling I have now!

Worst Nightmare IRS Letter turned Positive Growing Experience

Back taxes: This subject had caused me a lot of shame and anxiety over the years from a past business debt that snowballed. I fell off the payment plan during my move to Hawaii. I restarted the process in early 2017, new year it’s time to handle it. The first time I called I had an hour wait time, good conversation unfortunately they never sent me the paperwork as promised. So 6 weeks later and another 2 hour hold, this time I made some headway. I filled out form 843 to see about removing the penality. Now to play the waiting game again. In May I got a notice saying they received it. Oh yeah. Then another saying forwarded to another department. I received another letter in July said they were reviewing my file and would have an answer within 90 days.

Suddenly a week later appears this “Intent to Seize Your Property” notice. What?! Was this my return correspondence denying request or just a scare tactic to get payment? (My lovely representative admitted the IRS does have that overzealous nature with those notices!) This time calling I felt different and certain of a favorable outcome. I wasn’t anxious and I had a positive attitude when calling and I only had a 45 minute wait when I called the IRS number on Monday morning. That’s pretty darn cool. Everything’s working out well already.

This was my third call (or perhaps fourth) to the IRS this year regarding the matter and I’ve always had super kind customer service representatives. After my call I remarked to a friend how I am so grateful this is usually my experience with phone calls (since I know I how to deliberately create this I attract the right representative!). Ms. Thompson helped my fully and went above and beyond giving me some great information.

Previous IRS Correspondence Letters

As I got reenrolled in the IRS payment plan, I learned shockingly I am missing two years of records. How frustrating because I paid someone to do my taxes both those years. Rather than revert to overwhelm or anxiety over the issue, I remained calm and I learned about requesting an Income Transcript. A double win!

The IRS “Get Transcript” is a list of all the income sources the IRS has on record for you each year and payments. How helpful! Now I can double confirm everything before I file my taxes! 🙂 I’m not sure when it posts though 2016 is already there and it’s July 2017. If you filed a tax filing extension October is the deadline so you can confirm what IRS has on file for that year before filing. How nice to be on the same page! It’s free to request a mailed copy, you can download online or we went over it on the phone so I had the info right now too. I’m so happy to discover this nugget!


Hearing I needed to solve two years of missing taxes was concerning. I admitted to Ms. Thompson I was starting to feel overwhelmed doing this in the 10 day window. I asked for support and it worked and she gave me 30 days. Overall this whole tax situation feels really good to handle and I have confidence in receiving the money to pay it off very soon. In order to receive all the big money coming gotta have everything be on track. The more I see and take care of this stuff the better I feel! I recently heard the idea the Universe is your biggest investor so it wants to make sure you can handle it well!

Start Attracting More Money Now | How to Use the Mental Bank | Financial Freedom Exercise

Reprogramming Your Mind for Wealth

***

Step 1: Define Your Goal

Step 2: Determine Value Events

Step 3: Create Your Notebook

Step 4: Establish Your Routine

Step 5: Experience Your Dream

 


***

 

How To Attract More Money Now

Money is an idea and thoughts prompt feelings. Feelings create an expectation and ultimately your experience. Your idea or belief about money determines your money experience.

Do you believe money is hard to earn, difficult to keep, or there's never quite enough because of your experience?

Do you believe you can contribute value doing what you love while generating plenty of money?

Are you increasing your wealth everyday?

***

The positive idea feeling you have enough money, while the negative idea feels the lack of money. The negative ideas attract money experiences that generally have a negative outcome. Ever heard of lottery winners who go broke not long after winning? Deep down the feeling they were programmed to (the idea of not having enough money) caused their spending behavior until they again didn't have enough. By experiencing the feeling of what you want, it gets those results to manifest money in your life quicker. How can you radically transform your positive feelings with money? I discovered a great exercise to do just that! This mental bank exercise trains you to see your value, raise your wealth consciousness and begin living your dream now. My dream is I am a financially free millionaire and I define it as owning my own dream home free and clear, built on a family farm with over 12 oceanfront acres in Hawaii and over $1,000,000 a year of passive income. This means my monthly income lifestyle is receiving over $83,333 per month, which is a huge jump from what I have experienced so far. By doing this mental bank exercise and experiencing the feeling of living as a financially free millionaire already, I quickly begin to attract the people and circumstances into my life to make it happen. I shared this mental bank exercise with my friends and - wow! - they are also having exciting  experiences of receiving more money and reaching their goals!

***

Personal Benefits

Generating More Income

Get Comfortable with Higher Income Numbers

Recognizing Your Value and Worthiness to Receive

Improve Self Discipline

Visualizing/Defining Your Dream

How To Attract More Money Now

*** Money is an idea and thoughts prompt feelings. Feelings create an expectation and ultimately your experience. Your idea or belief about money determines your money experience. Do you believe money is hard to earn, difficult to keep, or there's never quite enough because of your experience? Do you believe you can contribute value doing what you love while generating plenty of money? Are you experiencing increasing your wealth everyday?

***

The positive idea is to feel you have enough money, while the negative idea feels the lack of money. The negative ideas attract money experiences that generally have a negative outcome. Ever heard of lottery winners who go broke not long after winning? Deep down the feeling they were programmed to (the idea of not having enough money) caused their spending behavior until they again didn't have enough.

***

By experiencing the feeling of what you want, it gets those results to manifest money in your life quicker. How can you radically transform your positive feelings with money? I discovered a great exercise to do just that! This mental bank exercise trains you to see your value, raise your wealth consciousness and begin living your dream now.

***

My dream is I am a financially free millionaire and I define it as owning my own dream home free and clear, built on a family farm with over 12 oceanfront acres in Hawaii and over $1,000,000 a year of passive income. This means my monthly income lifestyle is receiving over $83,333 per month, which is a huge jump from what I have experienced so far.

***

By doing this mental bank exercise and experiencing the feeling of living as a financially free millionaire already, I quickly begin to attract the people and circumstances into my life to make it happen. I shared this mental bank exercise with my friends and - wow! - they are also having exciting  experiences of receiving more money and reaching their goals!

***

Personal Benefits

Generating More Income

Get Comfortable with Higher Income Numbers

Recognizing Your Value and Worthiness to Receive

Improve Self Discipline

Visualizing/Defining Your Dream

***


Mental Bank Concept

5 Reasons the Mental Bank is So Powerful

"The 5 Synergistic Elements 1. BELIEF     Understand and believe that you are successful right now. You can put into action your new, successful script and rewrite your subconscious. 2. DAILY REINFORCEMENT   Override the old programs, not just with positive thinking (that only reaches 12% of the mind).The Mental Bank reaches 88% of the mind. We do not have to believe that the Mental Bank will work for it to work. In fact, it WILL work as long as we do it.
3. SCRIPTING   Handwriting goes back to the central nervous system, bypassing the critical area of the mind and entering the subconscious. Writing in script (cursive) is most effective. 4. TIME OF DAY     The last half hour before sleep is referred to as the “magic 30 minutes”. This is the time when a person’s mind is in a natural state of hypnosis. Anything taken into the mind at this time can enter the precognitive stage of dreaming. 5.  DREAMS    The mind attempts to predict the most probable outcome based on what it has just learned. Through repetition alone, the mind will accept the Mental Bank information as a new program and vent out the old program in dreaming. The Mental Bank allows us to take control of this natural venting/dreaming process." Excerpt Above from Mental Bank Handbook

Mental Bank Creator

"The Mental Bank program, developed by Dr. John Kappas and the staff of the Hypnosis Motivation Institute (HMI), represents the culmination of 30 years experience in the field of subconscious and behavioral reprogramming. The text explains in easy to follow steps the five synergistic elements of the Mental Bank program and how to get them working in your life in less than five minutes per day. The Mental Bank program is a dramatic demonstration of how your subconscious mind is a goal machine, driven to achieve whatever it is programmed for. The Mental Bank program puts you in the driver's seat for programming your subconscious mind to achieve success, happiness and prosperity, easily and effortlessly" - Success is Not an Accident: The Mental Bank Concept by John G. Kappas. 
Just so you know, this video is not 5 minutes - it's 2 hours! Continue reading this post for my "Cliff Notes" 😉 Mental Bank: Official PDF https://hypnosis.edu/distance/advanced/workbooks/v8.pdf Mental Bank: How To Book https://www.amazon.com/Success-Not-Accident-Mental-Concept/dp/0937671657 Mental Bank: Founders Website https://hypnosis.edu/streaming/mental-bank/ Mental Bank: Resource http://www.submindtools.com/the-mental-bank
***

Applying My Inner Bank Process

Note from Lauren - A funny coincidence: what helped me to define my goal of being a financial free millionaire and see myself living in my dream house was several appointments at HMI in January 2014! I heard of the mental bank concept somewhere in my personal growth journey, Googled it and put it into practice for a bit. Then at my Meetup for business owners one of the members had taken a Mental Bank course and shared the book with us and I did it again. Only then did I find the free online PDF from HMI. Three times over several years I used the mental bank for short periods and experienced a tremendous positive effect, plus I actually had money come "outta nowhere" during those times. Yet I didn't have consistency until I put my own spin on the Mental Bank Concept and developed some great templates and resources I call the "Inner Bank Exercise." I'm happy to share what I use and am very pleased with my results.

Step 1: Define Your Goal

Money Goal

If you have a specific money amount, just plug that into the goal. This applies to many different areas, and you can drive the idea into your subconscious with money goals.  Post on SMART goals

Other Goals

A weight loss goal could be defined as $100,000 and I’ll pay myself according to my weight loss and value events like eating healthy or exercising.

Peace Of Mind Goal: Your Dream Life

This is where the magic happens! Go big!! Most people create goals in their mind, I want to be rich, I want to live in a big house, I want to have a ranch in the mountains….It’s vital to get specific. How much money do you actually want? Does 1 million dollars make you feel rich, or 100 million?  Do you want a $200,000 house or a 20 million dollar house?  Getting specific allows you to really make the goals measurable.  How large is your house, what’s the monthly household expense? Will you need a chef, housekeeper?  How often? Someone to do errands and drive the kids to school?  A personal assistant to do all these things? What’s your ideal budget for shopping/eating out/household expenses?  Do you want to travel each month? Personal jet or just flying first class? You need to get used to having this abundance, and be really comfortable with it. Your subconscious needs to believe it and expect it. Setting these measurable goals sets you on the right path to creating exactly what you want, because you’ve taken the time to create it in your head first. Having these big plans for yourself is great, but if you’re starting from a place of confusion or lack of anything (and maybe everything) in your life, then it’s hard to know how to make changes to feel like your wildest dreams are coming true. That’s where the 4 areas of Peace of Mind come in to the equation. The areas are: Health, Wealth, Love and Happiness.

Step 2: Establish Value Events

Value Events

Value events are based on actions you do that get you closer to your goal and what feels good to you. Things that add value to your day are, in fact, contributing to your success. Yes, it can even be serving others, taking a course, meditating or spending time with family. Developing great relationships with quality family time or masterminding phone calls are great examples of value events.  Look at the 4 areas of peace of mind to determine your overall total (see Peace of Mind above)
  • Health goals may have value events like exercising, food choices, sleep routine, water amounts, etc.
  • Wealth/money goals may have value events for: responding to emails, talking to clients, sales calls, reading or listening to learning materials.
Assign the hourly rate (yes, it's going to be in the hundreds or even thousands $$) and a flat rate for each event: listen to yourself on determining what is an hourly event and what will stay at a fixed amount. *Overall the majority of records should be hourly to help you gain more awareness on the time spent on your goals.
  • Health Goals may get an hour rate for exercise and a fixed amount for healthy food choices or reaching your nightly sleeping target
  • Money goals may get an hourly rate for working on projects and perhaps a flat rate for each sales call

Bonus Events

When something is super hard to do or scary but brings you a significant step closer to your goals, these events are paid 2- 3 times the usual amount. Example: Making cold calls, going for a run, doing a project you want to avoid.

The Math

Using the Mental Bank Way vs The Inner Bank Way The difference is that the Mental Bank has you calculating annually to determine hourly rates, while the Inner Bank calculates monthly. The reason I created the Inner Bank is to give you more instant feedback on achieving your goals.
  1. Take your goal amount and multiply it by 4 to get Inner Bank target
    • Example - Goal: $10,000 x 4 = $40,000
  2. Divide that number by 720 to get hourly, monthly wage
    • This is calculated around the clock
    • Example - $40,000 / 720 = $55/hr, I prefer to round it
  3. Double or triple hourly wage for bonus events
    • Example - $55/hr x 2 = $110/hr
  4. Determine varying amount for flat rate events
    • Example - $500 for attending a workshop
    • Example - $100 for getting 8+ hours of sleep

Now if you’re ready to go big!

Example: $1,000,000 x 4 = $4,000,000 $4,000,000 / 720 = $5,555/hr $5,555/hr x 2 = $11,111/hr bonus rate 

Step 3: Create Your Inner Bank Notebook

Binder Supplies

  • Three Ring Binder, Hole Punch, Folder, Divider, Calculator
I find it a lot easier to have a 3-ring binder for my Inner Bank and hole punch my printed templates. The dividers separate your daily ledger and your other sections. A folder is handy to keep you organized. Make sure you have a calculator or use the function on a phone or computer. Buy Supplies from Amazon

Paying Yourself

I write real checks to myself and put them on the wall for a powerful visual. I highly recommend using specific checks for this exercise; for $20 I ordered a separate box of real checks just for mental banking paychecks. It's an amazing feeling KNOWING I will cash them soon! *Free Download* Printable Blank Checks

Notebook Pages

*Free Download* Printable Inner Bank Ledger Helpful Pages Lauren Created
  • Inner Bank Contract
  • Inner Bank Ledger
  • The Happenings
  • Value Events
  • Cashflow Sheet
  • Investments

For Best "Inner Bank" Results, Join Our Accountability Group & Receive Your Templates FREE!

Step 4: Inner Bank Routine

Daily Practice

  1. Log each event and record the rate and time
    • Example: Health Goal - Drinking Water $20/Bottle flat rate, 6x
    • Example: Relationship Goal - Go on Date $400/hr rate, 90 minutes
    • Example: Money Goal - Cold Calls $800/hr bonus rate, 45 minutes _
  2. Calculate all events at the same time using a calculator
    • Example: Health Goal - Drinking Water $20/Bottle flat rate, 6 times = $20 x 6 bottles = $120
    • Example: Relationship Goal - Date $400/hr rate, 90 minutes = 90 min / 60 min = 1.5hrs x $400 = $600
    • Example: Money Goal - Cold calls $800/hr Bonus rate, 45 minutes = 15 min / 60 min = .25hrs x $800 = $200 _
  3. Total the Day and Add to Your Mental Bank Balance
    • Example: Cold Calls $200  + Date $600 + Water $120 = $920 for the day!
    • $920 for the day + previous Mental Bank balance equals your new current balance _
  4. Pay Yourself and Deposit into Mental Bank
    • Journal and write out the following script each day, "Today,(write-the-date), I am so happy and grateful receiving $##,### $(write-out-the-full-number-in-cursive) making my new mental  bank balance $#,###,### $(write-out-the-full-number-in-cursive) "
    • Example: Today, January 1st, 2017 I am so happy and grateful receiving $5,327.12 five thousand three hundred twenty seven dollars and twelves cents making my new mental bank balance $612,973.42 six hundred twelve thousand nine hundred seventy three dollars and forty two cents
    • Your daily pay is just written out on the ledger and issue an official paycheck for the weekly total _
  5. Record Happenings from the Day!  This is your chance to reflect on opportunities you've been given each day to move closer to your ultimate goals. You'll start to recognize the daily occurrences of abundance. As you look for them,  they'll become more numerous and greater. Because what you give attention to, grows.

Weekly Payout

  • Calculate the total of each day during the week and write a check for that amount! Writing that check makes it real.  Seeing those numbers next to your name makes a powerful statement. You are wealthy, you are worthy.  You deserve that abundance of money.  

Advanced

  • Cashflow Worksheet Allocation. (Add Screenshot of what amounts of money get allocated and where they will be.)
  • Update investments

Step 5: Experience Your Dream

Acknowledge and give gratitude for the abundance manifesting in your experience!

Your mind must wrap itself around this idea of seeing abundance all around you, regardless of what your circumstances may be. When you start to SEE abundance in your everyday life, you're given more. So acknowledge and give gratitude for each and every one of those blessings! More comes to you, and more and more and more. That's where you experience your dream and build the life you're truly meant to live.


 

Mental Bank Concept

5 Reasons the Mental Bank is So Powerful

“The 5 Synergistic Elements

1. BELIEF     Understand and believe that you are successful right now. You can put into action your new, successful script and rewrite your subconscious.

2. DAILY REINFORCEMENT   Override the old programs, not just with positive thinking (that only reaches 12% of the mind).The Mental Bank reaches 88% of the mind. We do not have to believe that the Mental Bank will work for it to work. In fact, it WILL work as long as we do it.

3. SCRIPTING   Handwriting goes back to the central nervous system, bypassing the critical area of the mind and entering the subconscious. Writing in script (cursive) is most effective.

4. TIME OF DAY     The last half hour before sleep is referred to as the “magic 30 minutes”. This is the time when a person’s mind is in a natural state of hypnosis. Anything taken into the mind at this time can enter the precognitive stage of dreaming.

5.  DREAMS    The mind attempts to predict the most probable outcome based on what it has just learned. Through repetition alone, the mind will accept the Mental Bank information as a new program and vent out the old program in dreaming. The Mental Bank allows us to take control of this natural venting/dreaming process.”

Excerpt Above from Mental Bank Handbook

Mental Bank Creator

“The Mental Bank program, developed by Dr. John Kappas and the staff of the Hypnosis Motivation Institute (HMI), represents the culmination of 30 years experience in the field of subconscious and behavioral reprogramming. The text explains in easy to follow steps the five synergistic elements of the Mental Bank program and how to get them working in your life in less than five minutes per day. The Mental Bank program is a dramatic demonstration of how your subconscious mind is a goal machine, driven to achieve whatever it is programmed for. The Mental Bank program puts you in the driver’s seat for programming your subconscious mind to achieve success, happiness and prosperity, easily and effortlessly” – Success is Not an Accident: The Mental Bank Concept by John G. Kappas. 

Just so you know, this video is not 5 minutes – it’s 2 hours!
Continue reading this post for my “Cliff Notes” 😉

Mental Bank: Official PDF
https://hypnosis.edu/distance/advanced/workbooks/v8.pdf

Mental Bank: How To Book
https://www.amazon.com/Success-Not-Accident-Mental-Concept/dp/0937671657

Mental Bank: Founders Website
https://hypnosis.edu/streaming/mental-bank/

Mental Bank: Resource
http://www.submindtools.com/the-mental-bank

 

***

Applying My Inner Bank Process

Note from Lauren – A funny coincidence: what helped me to define my goal of being a financial free millionaire and see myself living in my dream house was several appointments at HMI in January 2014! I heard of the mental bank concept somewhere in my personal growth journey, Googled it and put it into practice for a bit. Then at my Meetup for business owners one of the members had taken a Mental Bank course and shared the book with us and I did it again. Only then did I find the free online PDF from HMI. Three times over several years I used the mental bank for short periods and experienced a tremendous positive effect, plus I actually had money come “outta nowhere” during those times. Yet I didn’t have consistency until I put my own spin on the Mental Bank Concept and developed some great templates and resources I call the “Inner Bank Exercise.” I’m happy to share what I use and am very pleased with my results.

Step 1: Define Your Goal

Money Goal

If you have a specific money amount, just plug that into the goal. This applies to many different areas, and you can drive the idea into your subconscious with money goals.  Post on SMART goals

Other Goals

A weight loss goal could be defined as $100,000 and I’ll pay myself according to my weight loss and value events like eating healthy or exercising.

Peace Of Mind Goal: Your Dream Life

This is where the magic happens! Go big!!

Most people create goals in their mind, I want to be rich, I want to live in a big house, I want to have a ranch in the mountains….It’s vital to get specific. How much money do you actually want?  

Does 1 million dollars make you feel rich, or 100 million?  Do you want a $200,000 house or a 20 million dollar house?  Getting specific allows you to really make the goals measurable.  How large is your house, what’s the monthly household expense? Will you need a chef, housekeeper?  How often? Someone to do errands and drive the kids to school?  A personal assistant to do all these things? What’s your ideal budget for shopping/eating out/household expenses?  Do you want to travel each month? Personal jet or just flying first class? You need to get used to having this abundance, and be really comfortable with it. Your subconscious needs to believe it and expect it. Setting these measurable goals sets you on the right path to creating exactly what you want, because you’ve taken the time to create it in your head first.

Having these big plans for yourself is great, but if you’re starting from a place of confusion or lack of anything (and maybe everything) in your life, then it’s hard to know how to make changes to feel like your wildest dreams are coming true. That’s where the 4 areas of Peace of Mind come in to the equation. The areas are: Health, Wealth, Love and Happiness.

Step 2: Establish Value Events

Value Events

Value events are based on actions you do that get you closer to your goal and what feels good to you. Things that add value to your day are, in fact, contributing to your success. Yes, it can even be serving others, taking a course, meditating or spending time with family. Developing great relationships with quality family time or masterminding phone calls are great examples of value events.  Look at the 4 areas of peace of mind to determine your overall total (see Peace of Mind above)

  • Health goals may have value events like exercising, food choices, sleep routine, water amounts, etc.
  • Wealth/money goals may have value events for: responding to emails, talking to clients, sales calls, reading or listening to learning materials.

Assign the hourly rate (yes, it’s going to be in the hundreds or even thousands $$) and a flat rate for each event: listen to yourself on determining what is an hourly event and what will stay at a fixed amount. *Overall the majority of records should be hourly to help you gain more awareness on the time spent on your goals.

  • Health Goals may get an hour rate for exercise and a fixed amount for healthy food choices or reaching your nightly sleeping target
  • Money goals may get an hourly rate for working on projects and perhaps a flat rate for each sales call

Bonus Events

When something is super hard to do or scary but brings you a significant step closer to your goals, these events are paid 2- 3 times the usual amount. Example: Making cold calls, going for a run, doing a project you want to avoid.

The Math

Using the Mental Bank Way vs The Inner Bank Way

The difference is that the Mental Bank has you calculating annually to determine hourly rates, while the Inner Bank calculates monthly. The reason I created the Inner Bank is to give you more instant feedback on achieving your goals.

  1. Take your goal amount and multiply it by 4 to get Inner Bank target
    • Example – Goal: $10,000 x 4 = $40,000
  2. Divide that number by 720 to get hourly, monthly wage
    • This is calculated around the clock
    • Example – $40,000 / 720 = $55/hr, I prefer to round it
  3. Double or triple hourly wage for bonus events
    • Example – $55/hr x 2 = $110/hr
  4. Determine varying amount for flat rate events
    • Example – $500 for attending a workshop
    • Example – $100 for getting 8+ hours of sleep

Now if you’re ready to go big!

Example: $1,000,000 x 4 = $4,000,000

$4,000,000 / 720 = $5,555/hr

$5,555/hr x 2 = $11,111/hr bonus rate 

Step 3: Create Your Inner Bank Notebook

Binder Supplies

  • Three Ring Binder, Hole Punch, Folder, Divider, Calculator

I find it a lot easier to have a 3-ring binder for my Inner Bank and hole punch my printed templates. The dividers separate your daily ledger and your other sections. A folder is handy to keep you organized. Make sure you have a calculator or use the function on a phone or computer.

Buy Supplies from Amazon

Paying Yourself

I write real checks to myself and put them on the wall for a powerful visual. I highly recommend using specific checks for this exercise; for $20 I ordered a separate box of real checks just for mental banking paychecks. It’s an amazing feeling KNOWING I will cash them soon!

*Free Download* Printable Blank Checks

Notebook Pages

*Free Download* Printable Inner Bank Ledger

Helpful Pages Lauren Created

  • Inner Bank Contract
  • Inner Bank Ledger
  • The Happenings
  • Value Events
  • Cashflow Sheet
  • Investments

For Best “Inner Bank” Results,
Join Our Accountability Group
& Receive Your Templates FREE!

Step 4: Inner Bank Routine


Daily Practice

  1. Log each event and record the rate and time
    • Example: Health Goal – Drinking Water $20/Bottle flat rate, 6x
    • Example: Relationship Goal – Go on Date $400/hr rate, 90 minutes
    • Example: Money Goal – Cold Calls $800/hr bonus rate, 45 minutes
      _
  2. Calculate all events at the same time using a calculator
    • Example: Health Goal – Drinking Water $20/Bottle flat rate, 6 times = $20 x 6 bottles = $120
    • Example: Relationship Goal – Date $400/hr rate, 90 minutes = 90 min / 60 min = 1.5hrs x $400 = $600
    • Example: Money Goal – Cold calls $800/hr Bonus rate, 45 minutes = 15 min / 60 min = .25hrs x $800 = $200
      _
  3. Total the Day and Add to Your Mental Bank Balance
    • Example: Cold Calls $200  + Date $600 + Water $120 = $920 for the day!
    • $920 for the day + previous Mental Bank balance equals your new current balance
      _
  4. Pay Yourself and Deposit into Mental Bank
    • Journal and write out the following script each day, “Today,(write-the-date), I am so happy and grateful receiving $##,### $(write-out-the-full-number-in-cursive) making my new mental  bank balance $#,###,### $(write-out-the-full-number-in-cursive) “
    • Example: Today, January 1st, 2017 I am so happy and grateful receiving $5,327.12 five thousand three hundred twenty seven dollars and twelves cents making my new mental bank balance $612,973.42 six hundred twelve thousand nine hundred seventy three dollars and forty two cents
    • Your daily pay is just written out on the ledger and issue an official paycheck for the weekly total
      _
  5. Record Happenings from the Day!  This is your chance to reflect on opportunities you’ve been given each day to move closer to your ultimate goals. You’ll start to recognize the daily occurrences of abundance. As you look for them,  they’ll become more numerous and greater. Because what you give attention to, grows.

Weekly Payout

  • Calculate the total of each day during the week and write a check for that amount! Writing that check makes it real.  Seeing those numbers next to your name makes a powerful statement. You are wealthy, you are worthy.  You deserve that abundance of money.  

Advanced

  • Cashflow Worksheet
    Allocation.
    (Add Screenshot of what amounts of money get allocated and where they will be.)
  • Update investments

 

Step 5: Experience Your Dream

Acknowledge and give gratitude for the abundance
manifesting in your experience!

Your mind must wrap itself around this idea of seeing abundance all around you, regardless of what your circumstances may be. When you start to SEE abundance in your everyday life, you’re given more. So acknowledge and give gratitude for each and every one of those blessings! More comes to you, and more and more and more. That’s where you experience your dream and build the life you’re truly meant to live.

 

How To Launch Your Own Website in a Weekend

Launch Your Own Website in a Weekend

How I Taught My Friends to
Create an Online Business like Mine

Aloha! I’m Lauren and I am passionate about creating financial freedom in my life and the lives of others. I personally do this through my own
online businesses and helping people become entrepreneurs. I recorded these steps I use so now you can learn some simple steps to create your own successful online business too!

For years I’ve shared what’s working in my businesses and been asked
numerous times if I could build someone’s website. I never have because
I have no interest in becoming a website designer. I much prefer the
entrepreneurial lifestyle and going  snorkeling Monday morning than
reporting to a job. So I thought of a great win-win to create this
blog post by outline the steps and share how I do it. 

I taught my friends how to create their own professional websites
very quickly over one weekend. They learned how to use WordPress,
the predominant way to create websites and manage their own content. Plus WordPress allows for the fancy stuff you can hire the Pros for when you’re ready. Then adding in the advanced steps allows for unlimited monetization! By following these steps everyone can make a huge step
 to create passive income resulting more financial freedom in your life!

Our Weekend Mastermind Creating Websites

Preparation Steps

 

Hey! I’m so excited you’re about to build your own website!
That’s actually how I started my first business bringing animals
to kid’s parties in Los Angeles. That website has built
Reptacular Animals as the largest in its industry since 2008!
Then I started my next businesses this same way.

All you need to start a business or website is an idea.
I love talking to people and discovering what their big idea is.
The coolest part with starting your own business is you can
grow around your interests or passions. I always loved kids and
animals and BOOM … a successful service company was born.
This website is my blog. Is a blog a business? Well it sure can
be and my goal is to show you how to create a successful
online business by creating a website for anything!

Do you already have a business or website and ready grow?
That’s awesome. It’s up to you if you want to create a personal
blog site as well or just optimize your existing one. Going through
this process will teach you the skills to build an optimized website
and run your own small business so it creates financial freedom.  

 

Preparation Video

Video showing Research & Outline 

 

Establishing Website

 

Determine Marketplace

 

Audience

 

Keywords

 

Developing Your Outline

 

(Hey you can download ours! That’s the big master Outline )

 

Purchase Website

 

Video showing Domain, Hosting, WordPress

 

Selecting Name

What is a Domain and Hosting, a domain is the address of your site or “www.DOMAIN.com” and the Hosting is where the website is stored. There’s companies just for domains or you could bundle them with a Hosting Provider

Picking a Domain Name, if you need ideas pick one that’s catchy easy to spell. Putting words together or adding “-” works well and you can also use keywords

Should it be “.com”, that’s a personal preference. Generally .com is preferred though ultimately the website has so many traffic sources the name won’t matter

Search for Domains, there’s many companies that sell domains. Since I have multiple websites, I find it’s cheaper to use a domain company and then have an unlimited hosting plan. I usually renew for under $10 and always a Google for “promos”. The Hosting providers usually have a higher domain renewal fee of $12-15+. If you are new there’s usually promotions from Hosting Providers to get a free domain for a year when you bundle.

 

Purchasing Domain & Hosting Provider

It’s a big process to switch hosting providers so choose one for long term

GoDaddy

Prominent domain and hosting provider that also offers excellent phone support, template websites and professional designers. Usually a bit pricer. I built one of my original websites using their basic template.

Link: GoDaddy.com

 

NameCheap

I personally have used them for many domains and been very satisfied. Basic domain provider with consistently lower prices. FYI only email/chat support.

LinkNameCheap.com

 

iPage

I switched to them in 2017 from BlueHost initially because billed monthly instead of annually and the interface. The phone customer service is super and they fixed lots of things I messed up in the learning process.

LinkiPage.com

 

BlueHost

I used them for years with several sites and was always satisfied. I had purchased a 3 year plan and when renewal came up I found a cheaper one and I liked the other website back office layout better and switched.

LinkBlueHost.com

 

Installing WordPress

 

Linking Domain & Hosting

 

 

Website Layout

Video with Themes, Pages, Categories, Menus, Plugins

Themes

Choosing a Theme

Installing Theme

Customizing Theme

 

Pages

Pages vs Posts

Naming Pages

Adding Pages

 

Categories

Using Categories

Creating Categories

 

Menus

Menu Layout

Creating Menus

 

Plugins

Types of Plugins

Installing Plugins

Using Plugins

 

Website Content

Video with Posts, Content, Formatting, Links

Posts

Content

Formatting

Links

Advanced Website

Video with Subscribers, Products, Affiliates

Subscribers

Products

Affiliates

Resources

Here are some great resources for how to build and
launch a website. I’ve personally studied many of these. 

Books

 

Videos

 

Articles

 

Courses