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Reiki: A road to riches June 28, 2007

Posted by mojac in General.
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If you’re reading this, you know something about Reiki, or think you do.  Please take a few moments & forget what you know.  Afterwards, believe what you’re inclined to.  This article is NOT about any form of healing.  Reiki may or may not be a source for healing.  This article is NOT about amassing tons of monetary units.  I have no experience in making money as a result of performing Reiki, as I have sought nor received not one red cent.  So, what riches am I talking about?

Glad you asked.

A part of Reiki involves certain tenets.  Life changing principles, perhaps.  Let’s talk for a moment about the part of Reiki that deals only with one’s self.  Let’s talk only about how it can be used to improve yourself.  Assume there is no direct effect from Reiki external to yourself.  If you can change yourself to the better, maybe that is enough.

The tenets – or maybe you prefer, affirmations:

  • Just for today, I will give thanks for my many blessings
  • Just for today, I will be without worry.
  • Just for today, I will be without anger.
  • Just for today, I will do my work honestly
  • Just for today, I will be kind to my neighbor and every living thing

Now, imagine if you will that you embraced just one of these affirmations.  For a day.  & perform a cycle, repeating each affirmation on subsequent days.

I would suggest that people around you would see some change in you.  Some difference in you. Maybe you’d be more relaxed.  Maybe you’d be more aware. Maybe you’d be more positive. I would think that your presence could possibly be enjoyed more after these subtle changes set in.

OK, you say.  But are these affirmations Reiki?  & how will they make me rich?

No, saying these affirmations is not the same as performing Reiki.  Add one Step.  Think about some aspect of yourself that maybe could stand a little improvement.  Now, depending on your personal beliefs, meditate.  Or pray.  Or just think.  But, really focus that meditation (or praying or thought) on that aspect and the change you desire. 

From the outside looking in, that’s all Reiki does.  It focuses thought/prayer/meditation on something.  In this article, that something is yourself.  If you focus on improving yourself, you will!

But, “riches…..?”

If you see the changes in yourself as a result of  both the affirmations and the focus of thought (or prayer, or meditation), I Guarantee people around you will see it too.  The result? 

Richer Relationships.  Among the people you really care about or want to.

Richer feelings.  About yourself and those around you

Become rich in Peace. Both internally and exrenally

Richer Life. – freedom to choose your own lifestyle

 All, the result of embracing a large part of what Reiki is all about.

Hmmmm.  Not so different from a good self-help book, is it?


Innovative Funding by MOJAC describes Factoring – a way to immediate cash (Part III) September 8, 2006

Posted by mojac in Factoring.
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For the past two weeks, Innovative Funding by MOJAC has been describing the basics of factoring. Many companies use factoring as a means to get immediate cash on demand. They do this to either meet some survival need (pending costs) or maybe as a means to cash for expansion of the company. Last week, I gave an example of how to set up factoring and the basics of how it will work. I alluded to the costs. I’ll expand on those costs during this article.The basis for the cost associated with factoring is directly related to several aspects of the transaction, primary of which are:* Amount of advance

* Time period for the advance

* Credit worthiness of the client

* Aging history of the clients’ account (how prompt they typically have been)

* Payment terms of the invoice

Note that I’ve used the term “advance.” Remember, factoring is not a loan. You have done the work or delivered the product. The invoice dictates the amount you are owed. The factor advances a portion of this “owed amount” in exchange for some discount. This discount is your cost. I mentioned that this fee is not as much as you might expect. OK, how much?

Well, I can’t give you an amount, because it is based on all the aspects I listed above. BUT, I won’t leave you hanging. I’ll give you the range of a typical amount. And then I’ll pick a value and put it into an example.

For the factors that I work with, they base their discount, contingent of the number of days between when they advance you the cash & when your client actually pays. One example is that they charge 1% for every 10 days. A more common discount is 2.5% for 30 days (a range for a 30 day term is from 1.5% to 4.5%)

WHOA! You say. At 3% for 30 days, that’s 36% interest!

Well, no, it’s not, as I’ll soon show in my example. Remember that factoring is not a loan. That’s why I was careful to point that out above. There is no “interest rate” associated with factoring. There’s a cash discount. Semantics, you say. “A rose by any other name….”

Here’s the example & I hope you’ll see the difference. Using our previous example, we’ll use a rate of 3% for a 30-day period. We’ll also assume for simplicity that all 10 accounts got paid off in exactly 30 days. (In reality, some will probably pay a few days earlier)

Remember that the cash advanced was $80,000, keeping $20,000 in reserve. At the end of the term (30 days), the factor will calculate the discount: 0.03X 80,000 = 2400. They’ll take that out of the reserve and deposit the balance into your account. So, you get the $17,600, for a total of $97,600.

Now, since interest rates are based on a 12-month period, lets factor the same amounts for 11 more months (so we can compare “apples to apples”). So, each month, you’ll get $97,600 and the factor’s fee will continue to be $2400. For the 12 months, the factor will get 12 X 2400, or $28,800. Your total accounts were worth 12 X $100,000, or $1,200,000. Using a “Straight Interest” calculation, the effective “interest rate” is 28800/1200000 or 2.4%. Now, to compare, 36% of $1,200,000 is $432,000.

But, remember that I said this is not a loan. So, this 2.4% is not a valid interest rate. It’s the annualized discount fee.

I’m sure that is all clear as mud, but I hope that it at least shows you that this “3% for 30 days” is not the same as a “36% interest rate.”

I hope that this example also points out that you, as a business, want to factor primarily your best accounts. They are usually going to pay on time. Your “marginal accounts” may pay later than you plan, which will cost you more in discount fee. Factoring is not a way to get rid of your “bad accounts.”


Oops! Out of time for this week. I’ll have to finish that thought next time.

If you can’t wait,

 e-mail Innovative Funding by MOJAC.. Or, for an advance peek, go to my website.


Innovative Funding by MOJAC Describes Factoring – a way to Immediate Cash (part II) September 2, 2006

Posted by mojac in Factoring.
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Innovative Funding by MOJAC is a consulting firm that helps businesses survive when they are confronted with a cash flow issue. Factoring is one means that can be used to remedy the situation. Last week, I discussed a basic example of what many small companies do in respect to billing out invoices and showed how doing so will quickly put the company in a precarious cash flow crunch. While some companies can address this by getting a loan from a bank, many can’t, because either the business or the owner (s) have less than optimal credit reports.  This week, I’ll show how and why a factor can help.


One primary reason that companies having low credit ratings can get a cash advance via factoring is that the factors don’t even look at the company’s credit report when they review a company’s need.


That’s right!  Factors look at the ability of your client to pay the account. So, factors always look at your clients’ credit ratings. When you sell your accounts receivable to a factor, you are not selling your company’s reputation. The factor is only buying the accounts based on your clients’ reputation and financial strength. Banks, on the other hand, always look at your financial strength or weaknesses. You are the one paying them back for a loan.  For factors, it’s up to your clients to pay. Imagine, the more accounts you create – with strong companies, the stronger your company looks to a factor – regardless of when your accounts get paid. I’ve actually seen factors drool when they learn that a business has some government as a client!


I’ll come back to some more reasons why you want to consider factoring your accounts.  But next, I want to explain how a typical factoring transaction takes place. (Since that is what you probably really want me to explain)


First, you’ll present your accounts receivables to the factor.  At Innovative Funding by MOJAC, we’ll help you put this together in an easy format.  Basically, it will tell the Name, address, type of business (if known) phone number, point of contact, and amount of a typical month’s worth of invoices for each client that you invoice. We’ll also help you provide an aging report, which shows generally how long it takes each client to pay off your invoices (your accountant probably has this already).


From this information, the factor will evaluate each account. They will determine if they want to buy any of your accounts.  Assuming they do want to buy, they’ll tell you exactly what the cost will be for each account, and for a given time frame. By this, I mean that they’ll give you a contract that will spell out the terms and that will allow you to sign over the account to them (the factor)


Note that, up until this time, the factor and you are talking generally – meaning that when you sign this agreement, you actually have transferred nothing. It’s all set up so that when you give the go ahead, money gets transferred to you for specific accounts, which then become the property of the factor. Even after you’ve signed this agreement, you have total control. So to speak, we’ve just “greased the skids.”


So, once it’s set up, when do you get your money?  And how much do you get?  Our company, Innovative Funding by MOJAC, will work with you at this, to help you minimize your costs for the cash advances. Remember that the discount for the cash advance is related to the time between when you get that cash, and when your client pays the factor.


Once we’ve worked out the tradeoff between your need and your cost, you say, “Send me the cash.”


Usually, within 24 hours, the factor will transfer the money into your account – for you to use as you see fit. Last week, we used the example of 10 accounts owing you $100,000 per month.  Let’s say that you need $80,000 by the end of the week. You call the factor & tell them your need.  They’ll take those 10 accounts, give you 80% (which is what you need), and hold the other 20% in reserve. 


You use your cash, & when your clients pay off their invoices (say, 30 days later), the factor will take their fee and give you the remainder of the 20% reserve.

So, what’s it going to cost me, this fee?  Less that you would imagine.


Next week, I’ll give continue the example & show you the fees. I’ll also discuss some other advantages to you. As always, for an advance peek, go to my website. Or, if you can’t wait, e-mail Innovative Funding by MOJAC.


Innovative Funding by MOJAC Describes Factoring – a way to Immediate Cash August 26, 2006

Posted by mojac in Factoring.
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One of the primary cash flow streams that Innovative Funding By MOJAC gets involved with is something called “factoring.”  Factoring is, put simply, the purchase of accounts receivable of invoiced sales  (B2B) by a third party. In other words, cash is received for invoices that typically get paid 30-120 days later.  Factoring has been around for literally centuries.  It is a worldwide practice, also referred to as “invoice discounting” or “debtor finance.”  Until the 20th century, it was a practice usually reserved for major companies. Now, it is available to virtually every business that invoices their product.

Because this type of financial tool takes advantage of a company’s assets (i.e., the competed work/product), it is an ideal tool for small or young companies trying to either survive or trying to expand. It provides immediate working capital for such a company. It is linked directly to the sales of that company, more specifically, to past sales.

Imagine if you will, a company that typically produces $100,000 per month in invoiced sales to one other company (i.e., one account). Typically, the invoice will “go out” with the product delivery.  But, at the end of the calendar month, the company’s accountant will send out a bill to the company that received the product. This becomes the account receivable of the sales company.  The second company typically will pay the bill, but there will almost always be some time delay. Let’s say that the second company waits until “mid-month” to pay its “last month bills.”  What that may mean for the supplier company is that it has waited 45-60 days after it sent the products before it received money.  Now, add on nine more accounts of a sized whose average is the same $100,000.

That’s like floating a loan of $1,000,000 for 45-60 days to the 10 companies!

Now, let’s imagine that the supplier company keeps supplying during those 45-60 days (to either the same 10 companies or to 20 other companies – your choice). That’s pretty much a Three Million dollar outlay of products for the company  – all before it gets paid for the first product it shipped out.  Many large companies would find this uncomfortable.  Smaller, younger companies might just find it hard to survive.  They’ve got bills of their own.  And payrolls.

Ah, you might say.  “They’ll just go to a bank and get an operating loan.”  Or get a small business loan, backed by the US government.  Maybe.  IF their personal and business credit is great.  But what if it is only “good” or if one of them (business or personal) isn’t so good?

This is where a Factor steps in.  Really, they don’t “step in.” The business needs to find them.  And, to find them, the business need to first know that they exist.

How does a Factor help?  Glad you asked! 

For a sneak preview of next week’s article, go to my website.  Or, if you can’t wait, e-mail Innovative Funding by MOJAC.  They’ll get you answers, in simple terms, as to whether factoring is suitable for your situation.


Who should consider looking for funding for Pre-lawsuits (Part 3) August 18, 2006

Posted by mojac in Lawsuit Pending.
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We’ve looked at several of the guidelines that you should use to help determine if you can obtain a cash advance for a pending lawsuit.

Below is a partial listing of some of the types of lawsuits that have been successful in obtaining a cash advance.  The cases involve a client that:

  •  Has been injured in an auto accident.
  •  Is a plaintiff in a wrongful death case.
  •  Is involved in a medical malpractice case.
  •  Had a serious slip and fall accident.
  • Is a plaintiff in a commercial or civil litigation case.
  • Is an attorney or plaintiff who needs money to try a case, pay for expert witnesses or case costs.
  • Has been injured on the job.
  • Has been discriminated against.
  • Was in a boating accident.
  • Is involved in a maritime injury claim.
  • Has relatives who are victims of nursing home abuse.
  • Has a claim with a settlement value that is greater than $20,000.00.

Also, in some states, workers compensation cases have been funded.  California and Ohio state laws preclude us from funding workers comp cases.

In cases where a settlement has been agreed to but the money has not beed paid, we may be able to help.  In this case, ask us & we’ll look at the specifics.  Remember that the ACFI consultant is your ally in this.  They will now get paid until after you have gotten the cash advance.  So, use them.  Ask questions. They can be an invaluable asset for you. Next week we’ll look at another type of cash flow that can help businesses survive. For more information on Pre-lawsuit funding, go to Innovative Funding by MOJAC or contact us.


Cash Advances for Pending Lawsuits (part 2) August 12, 2006

Posted by mojac in Blogroll, Lawsuit Pending.
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OK.  We’ve identified the type  of person that might need an advance on a pending lawsuit.  They have a good case and expect to get awarded more than $20,000, and they are in dire need of the cash.

 What can you do to get the cash you need?  You could go on-line and search for a company that provides loans. But, how do you know that they are honest and reputable. You’re looking for a non-recourse cash advance. How can you be sure that that’s who you’ll find?

Another, a better option is to seek out an American Cash Flow Institute certified consultant. WHOA! me, get a consultant? Won’t that cost me something more?

No, actually, if you find an ACFI consultant, you’ll see that he’s “free” to you. He will not get paid until you get paid. And they don’t even get paid out of your money (well, directly at least). They get paid by the companies that provide the Cash Advance. Now, IF you don’t get awarded they amount advanced plus cost, then you don’t have to pay back the advance. (it’s non-recourse – remember) But, in most cases, the consultant got paid when you did.  So, he’s really on your side!

An ACFI consultant does basically two things:

  1. Gathers information on your case to get you the money you need, from a reputable company.
  2. Provides consultation to YOU as to how to draw on that money so that you minimize your eventual cost.

IF you win and get awarded more that you were advanced, then you’ll have to pay that amount back.  The Consultant’s fee is factored into the company’s fee.

What does the company charge? I’m sorry, I really can’t say.  I’m not copping out here.  It’s based on several things:

  1. the amount advanced
  2. the length of time between the advance and the award (or settlement)
  3. the amount of perceived risk in your case
  4. the schedule of payout (determined by the court)

So, you see, I can’t come up with a percentage. BUT, you will always know before you accept the cash.  IF the company is willing to take the risk on your case, they’ll draw up an offer (usually 10% of what they think you’ll get awarded) and they’ll draw up a contract with the terms.  The ACFI consultant will be there to help you – use him if all the attorneys start talking “laywer-ese.”

But, I do know that it is expensive. Using this type of financing should be a last ditch effort to stave off the wolves.

For more information on this subject, please go to my website Innovative Funding by MOJAC

You can also contact me at the website.

Next, I’ll give a listing of what types of lawsuits can get this type of cash advance. 


If you have a Pending Lawsuit, Cash in on it NOW August 5, 2006

Posted by mojac in Lawsuit Pending.
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Are you a victim of using Vioxx?  Have you been injured, due to the fault of someone else?  Do you have a lawsuit that is dragging on, and on….?

Is the lawsuit expected to net you greater than $20,000? 

Are you in a position where you really are desperate, needing cash just to put food on the table?  Or pay the rent?

I really hope that you have to answer NO to all of the above questions. Unfortunately, it is a reality of our times in America that too often, many of your answers to the questions will be YES.

And, your lawyer doesn’t really know how to help you.  They say “Just wait, we’ll soon be in court.”  Or, “hold out some more – THEY aren’t offering you enough in the settlement offer.”  Great! But that’s not putting food on the table.

Are there any options out there that will help you?  I think the answer is a resounding YES! There are companies out there that can help.  Many of these companies are just made up of individual investors.  And they are willing to take a risk on YOU.  They are willing to give you a Cash Advance on what you expect to gain from the courts.  And, they’ll give it to you now.  Not when the courts get around to it.

Better still, if you lose in court, they won’t ask for the money back.

IF I’ve described a situation that fits you, and interests you, then contact me.  I know how to get in touch with these companies.

Go to my website on Pre-Lawsuit Financing

New week, I’ll continue with this subject and give you more information.

What IS a Financial Tail Water Guide? July 28, 2006

Posted by mojac in General.
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What IS a Financial Tail Water Guide? Glad you asked! All over, there are private individuals and businesses that are owed significant amounts of money. In many cases, the money is like water in a reservoir. It’s being held back.  Maybe there’s a trickle flow coming out – a small stream {of water or money}. This is the Tail Waters of the reservoir.  So, the people or businesses are limited in what they can do by the amount of that income stream.  Choice is taken away from them. But, maybe they have a dream, or an idea, or a want, or maybe even a plan of what could be, if they only had enough cash in-hand, today.  But, the terms they’ve agreed to, via some financial instrument, preclude them from having the cash today.  What financial instruments (or, the dams, if you will)? 

  • Promissory notes
  • Extended credit
  • “Normal” turn-around time for accounts
  • Court orders
  • Pending court orders
  • Consumer contracts
  • Insurance companies
  • Long term employment contracts (as in sports contract)
  • And the list could go on, and on….

 What if someone could increase the flow of that Tail Water stream?  Somehow, maybe even release the FLOOD of water – at will, when the rightful owners wanted it? I guide individuals and businesses through the financial tail waters to get them the monies that they need, want, even dream of. How? My company provides working capital to businesses for growth or survival. We are Certified Cash Flow Consultants. As such, we work with hundreds of funding sources that have millions of dollars to invest in the many areas.We purchase a wide variety of income streams or future payments, such as invoices, Structured Settlements, Lottery winnings, private real estate notes, accounts receivable and even car paper!  We get the owners of that money their money, when they want it, not when a contract, or even a customer decides it’s time for them to get it. This blog will start out describing many of the different tail waters (financial streams of money) and how someone can be guided through them in a manner that will better meet the needs of the owners of the funds. For an advance peek at some of the info, please go to www.innovativefundingbymojac.com