I wanted to share my journal entry this morning. I was so excited after I did my visualization exercise. I wrote about the mastermind I created and then more ideas started flowing.
Then I had a great conversation with my Inner Child and now we have a date to go snorkeling tomorrow! Yeah! Omg, I just realized it’s been almost a month when I’ve been snorkeling and I live 1.5 miles away. Oh jeez. Well Little Lauren that’s changing tomorrow 🙂
I wanted to share this section of The Prosperty Secret by Markus Rothkranz really spoke to me.
“Skill #1 – Control Your Thoughts and Emotions
What if how you lived your life on a daily basis brought great joy to you? What if what you thought created wealth and attracted financial security to you?
Skill #2 – Use the Right Tools
Figure out how to do a business better; that’s the path to wealth
Skill #3 – Take Action in the Present Moment
What you don’t do in this moment, most likely you’ll never do at all.”
Introduction to the Inner Bank
and Mental Bank Concept
Aloha! I’m Lauren and I discovered this concept called the Mental Bank a number of years ago. The idea behind the Mental Bank is to expand your current personal belief about your money experience (reprogram your subconscious).
Armed with a new self-worth and recording the daily value you’re creating (plus getting paid big checks!) this exercise influences your behaviors so you create a more abundant life that matches your updated Inner Bank.
I practiced the exercise several times on my Financial Freedom Journey and always experienced positive results. So this time when I was ready to “level up” again for a new business venture, I turned back to my Mental Bank notes. I really wanted to keep up the nightly practice (ensuring my best goal results) so I took some time to developed some key resources I needed.
The first thing I needed was a 3-ring notebook with templates - now it’s so easy to keep up with! More parts grew and soon I had created my own Inner Bank system. My friends kept asking me how I was doing it and I love to share so I put everything together in this post so you to start your Inner Bank tonight!
Here's an overview video I made
explaining my Inner Bank System
My dream goal is I am a financially free millionaire living in my own 6000'+ dream home that's free and clear. It's an estate built on a family farm with over 12 oceanfront acres in Hawaii
and I receive over $1,000,000 a year of passive income. This means my monthly income lifestyle is receiving over $83,333 per month if I never do a day more of work!
This dream life 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 powerful Financial Freedom Exercise with my friends and - wow! - they are also having exciting experiences of receiving more money and reaching their goals faster!
Lauren derived her Inner Bank Finacial Freedom Exercise from the Mental Bank Concept by John Kapaas
Mental Bank Development
"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" 😉
A coincidence (or there are no coincidences!) is my personal connection
to HMI because what helped me to define my goal was several appointments there in January 2014. I saw myself as a financially free millionaire coming down the stairs of my dream home and raced ahead with my life in that direction. I didn't put the connection between HMI & Mental Bank until I put together this blog post!
Years ago in Los Angeles, I heard of the Mental Bank concept, Googled it and put it into practice for a bit. It was cool getting paid for my daily "value!" however my routine changed and I fell out of practice. Then at my Entrepreneur Meetup, one of the members gave a presentation on using the Mental Bank after she had taken the official course. 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 tremendously 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 Financial Freedom Exercise." I'm happy to share the resources I use and am very pleased with my results using my Inner Bank nightly.
What do you truly want? It surprised me to learn the majority of people never have a definite goal. I have known what I want - to live in my dream house as a financially free millionaire traveling the world with my family sharing entrepreneurship with everyone.
If you have a specific money amount, just plug that into the goal. Using the "SMART Goal" method is a good way determine amount
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.
Having big goals for yourself is great, though if you’re starting from a place of confusion or lack of desires (and maybe everything sucks in your life right now), then it’s hard to feel like your wildest dreams are coming true. That’s where the 4 areas of Peace of Mind come in to the equation by looking at different areas that you want to improve.
Peace of Mind
The 4 Areas of Peace of Mind
Take a moment and assess each of those 4 areas of your life. Rate them on a scale of 0-10 (highest being 10). You can focus on the lower satisfaction areas or set goals for all the areas. See your life as you choose it to be - you are the creator of your experience!
Envisioning Your Dream Life
This is where the magic starts! Go big!!
Goals of "I want to be rich, I want to live in a big house, I want to have a ranch in the mountains, I want to be married, I want to travel, I want to be healthy" are all great though it’s vital to get specific.
How much money do you actually want?
Getting specific allows you to really make the goals measurable.
Does $1 million dollars make you feel rich or $100 million?
Do you want a $200,000 house or a $20 million dollar house?
How large is your house?
Where is it located?
What’s the monthly household expense?
Will you need a chef, housekeeper, gardener? How often?
Someone to do errands and drive the kids to school?
A personal assistant to handle your to do list?
What’s your ideal budget for shopping/eating out/household expenses?
Do you want to travel each month? Vacations?
Personal jet or just flying first class?
Do you have a partner? A new one? Kids?
What does your ideal body look like?
How do you spend your free time?
Do you work?
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. (This is what I call workshopping and visualization and more on that elsewhere.)
Value events are based on actions you do that get you closer to your goals! 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 business masterminding phone calls are great examples of value events.
Determining Your Hourly Rate
The difference between calculating the Mental Bank Way vs The Inner Bank Way is the Mental Bank uses an annual income to determine hourly rates, while the Inner Bank calculates monthly.
Take goal amount and multiply it by 4 to get Inner Bank target
Example - Goal: $10,000 Goal x 4 = $40,000 Target
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
Double or triple hourly wage for bonus events
Example - $55/hr x 2 = $110/hr bonus rate
Determine varying amount for flat rate events
Example - $500 for attending a workshop
Example - $100 for getting 8+ hours of sleep
All events must be on this list to get paid!
Look at the 4 areas of Peace of Mind to determine your overall total (see Peace of Mind in Goals 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 can be in the hundreds or even thousands $$) and a flat rate for each event: listen to yourself on determining what is an "Hourly Rate" event and what will stay at a "Flat Rate" fixed amount.
Overall the majority of value event entries should be hourly to help you gain more awareness on where your time spent regarding your goals.
Health Goals may get an hourly rate for exercise and a flat rate 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 quick followup call
When something is super hard to do or scary and 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.
I find it a lot easier to have a 3-ring binder for my Inner Bank Exercise and hole punch my printed templates. The dividers separate your daily ledger and the other sections. Make sure you have a good calculator (and not the basic 8 digit) because you will be calculating into the millions! You can also use the calculator function on a phone or computer. I use the pouch to hold my blue pens and checkbooks.
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 from my bank just for my Inner Bank paychecks. It's an amazing feeling KNOWING I will cash them soon!
The most important practice of the Inner Bank Financial Freedom Exercise is doing it nightly. I developed these Inner Bank Templates that I personally use to make it easier though you can also just do journal entries.
Practicing this financial freedom exercise every nightis the key to making this work for you.
Do it every night for one week to start!!
Since learning of the Mental Bank several years ago I would practice it for a few weeks at a time. Each time I felt such amazing growth in my mentality! This year as I pursued huge goals I brought the Mental Bank out of my "toolbox." I got serious about it and added real paychecks and made a notebook. I made the commitment to bank every night.
Once again using this exercise I started getting amazing results plus I was feeling so much better! I decided to share how I've adapted it to my own Inner Bank routine and created the Facebook Accountability Group. I have no foreseeable ending this practice as I'm continually reaping the benefits! Life just keeps getting better and better! I'm crossing $21,000,000 tonight and my real life has shifted even more positively!
Calculating Daily Pay
Write out each event on the ledger and in the beginning recording each item is extremely beneficial. Pay yourself for the 10-15 minutes you spend doing this exercise each night.
After a few months I began to dread the ledger because I was constantly tracking my time and feeling anxious if not working enough. Not cool! Negative feelings are my sign for a course correction. So I re-did my Inner Bank Contract and went with a flat rate of $12,000 an hour x 24 hours a day - that changed my attitude and I enjoyed banking again.
After awhile re-did my contract again to get daily passive income plus have a routine checklist I reuse to streamline the process. I've tailored this exercise to work for me and you do the same. The most important thing is just to do it! 🙂
My Evolving Ledger
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
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
Record Daily Total and add to your Inner Bank Balance
Example: Cold Calls $200 + Date $600 + Water $120 = $920 for the day!
$920 for the day + previous Inner Bank balance equals your new current balance
Pay Yourself and Deposit into Inner 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 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 balance $612,973.42 six hundred twelve thousand nine hundred seventy-three dollars and forty-two cents
Your daily pay is written on the ledger and the official paycheck is issued weekly
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.
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!"
I keep my current Inner Bank Paycheck in my wallet each week
You can allocate your Inner Bank income and get investments. I love seeing my "Fun Money" add up and it's also good to practice paying a big tax bill for these millions!I made worksheets for these in my templates
Cashflow Worksheet Allocation
Update Investments(Add Screenshot of what amounts of money get allocated, allocation checks and investments)
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.
Your thoughts or self-belief about money
or achieving goals determine your experience
of abundance (or lack of it) in your life.
Quote from Robert Kiyosaki in Rich Dad, Poor Dad
“[My poor] dad had a habit of saying, “I can’t afford it.” [My rich] dad forbade those words to be used. He insisted I ask, “How can I afford it?”
One is a statement, and the other is a question. One lets you off the hook, and the other forces you to think … I can’t afford it’ shuts down your brain [because] it didn’t have to think anymore … It also brings up sadness, a helplessness that leads to despondency and often depression.
‘How can I afford it?’ opens up the brain, forces it to think and search for answers. It also opens up possibilities, excitement and dreams and creates a stronger mind and dynamic spirit.”
What are your thoughts about money?
Reoccurring thoughts like “I always have plenty of money” or “I never have enough money” play out in that person’s life experience.
Money is an idea and the ideas you are thinking prompts feelings. Those feelings create an expectation that becomes your life experience. If you believe “I always just get by” then it is so.
Are you ready for a more abundant life experience?
Applying this practice changes the way you think about your personal value and your relationship with money. Positively expanding both of these self-beliefs allows you to experience the life of your dreams even sooner! Start practicing this exercise every night this week and enjoy your first huge paycheck shortly!
5 Reasons this Financial Freedom
Exercise is So Powerful
Lauren’s Inner Bank System is derived from the well-known Mental Bank Concept which culminates over 30 years of research at HMI. Here are the 5 components that make up the foundation of this nightly practice many people have used with successful results.
“Success is NOT an Accident!” HMI Motto
“The 5 Synergistic Elements
1. BELIEF – Put into action your new, successful script and rewrite your subconscious
2. DAILY REINFORCEMENT – In fact, it WILL work as long as we do it!
3. SCRIPTING – Bypassing the critical area of the mind and entering the subconscious
4. TIME OF DAY – The last half hour before sleep is referred to as the “Magic 30 Minutes”
5. DREAMS – New program in and vent out the old program dreaming”
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!
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.
Video showing Research & Outline
Developing Your Outline
(Hey you can download ours! That’s the big master Outline )
Video showing Domain, Hosting, WordPress
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
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.
I personally have used them for many domains and been very satisfied. Basic domain provider with consistently lower prices. FYI only email/chat support.
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.
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.
Linking Domain & Hosting
Video with Themes, Pages, Categories, Menus, Plugins
Choosing a Theme
Pages vs Posts
Types of Plugins
Video with Posts, Content, Formatting, Links
Video with Subscribers, Products, Affiliates
Here are some great resources for how to build and
launch a website. I’ve personally studied many of these.
I love my life and my journey! I wouldn’t trade any of this for anything!!
I have had such a wonderful week of love while going through the next transition. My grandma and I rented the most wonderful home. We’re creating the next business venture here by converting the downstairs studio to a bunkhouse to rent out. I have many successes over the past year doing the same thing in other homes, now it’s our turn.
We both invested our money for the new place. I am used to doing everything solo now and used to taking business risks. It was/is really scary jumping into the next one with someone else. This was totally new and I felt a lot of anxiety and responsibility. Then I realized it’s because I’ve never had investors before so this is just a new experience- this is an opportunity for growth! As I move out of my comfort zone of operating solo businesses into investors, the anxiety is just bc I have never done it before. Once I had that “ah ha!” moment and recognized the stage I was in, the anxiety lifted! I relaxed, trusted in myself and (of course!) my grandma’s new business is doing amazing!
I have cultivated such clear intentions of where I am going through my practice of deliberate creation. HOW FAST I AM arriving at my goals is all tied to my belief of myself and my intentions. It’s the knowingness and belief that brings all my desires to fruition. I know I am successful!!
There’s a sweet spot as one of my mentors Kevin Trudeau talks about. When you have a 100% desire coupled with a 100% belief then you expect and will receive it! As we say in PSI, “S/he who is most certain wins!” Expectation is the key. I expect to achieve my dreams so I do!
Lauren's "Peace-of-Mind" Journey Living My Wildest Dreams