You can’t have financial literacy on your own. Jen Du Plessis interviews Loral Langemeier, a money expert and the CEO and Founder of Live Out Loud, Inc. Loral encourages you to get help to become financially literate. Our educational system simply doesn’t teach you how to handle finances or how to be an entrepreneur. The fastest way to be a millionaire? Hang out with the millionaires! Doing so will teach you how they do what they do. Eager to learn more? Tune in!
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How Financial Literacy Makes Women Wealthy With Loral Langemeier
I am so delighted that you took time out of your day to join us. I have a really exciting guest here with me and that is Loral Langemeier. Welcome to the show, Loral.
Thank you. It’s so great to be here. It’s exciting.
I have already read your bio and everybody knows a little bit about you. I want to dive in and talk about why money especially as woman. I was in the financial sector as well but it’s such an anomaly to be a woman in the financial sector. Tell us what attracted you to money way back when you were working and you said, “I don’t like this trading money for time.” What attracted you to do it?
I grew up in a farm in Nebraska so we did not grow up poor. We were middle-class but seventeen years old was my defining moment. I was in a seminar and I still don’t remember exactly how I got there. I was headed off to college and playing basketball. It was one of those kinds of seminars. Denis Waitley gave me the book Think and Grow Rich.
I was seventeen years old. You can imagine me growing up in a farm, it made sense. It’s my farm family. No one talked about money and then noticing like, “There are people who think like this,” and I consumed it. I consumed personal development. By nineteen, I was reading Bob Proctor You Were Born Rich. I dove in. I started my own personal training company. I was a personal trainer, aerobics instructor during college, and then got a Master’s degree.
What attracted me to money was not having it and then as part of it but as time went on, it was more about why so few people get it right. How is it that so few people especially women, don’t become millionaires. They are hundred thousandaires. There are a lot of hundred thousandaires. A lot of great successful hundred thousandaire women but very small percent that go for that million-dollar status.
Part of it was an experiment and then in 1999, I got pregnant. I was going to be a single mom. He was not going to be a dad. There became another level of motivation. It’s like, “I lived in Sausalito, California on the water.” I remember one of my greatest mentors said, “How much is it going to cost to stay where you are?” The perception was, “You are going to have to sell everything. Go back to Nebraska. You have your family take care of you.” It’s like, “No. I’m going to go figure this out.” A lot of that energy.
You mentioned a lot of people. Everyone knows Bob Proctor. Not as many people know Denis Waitley. That’s pretty interesting. I love that. I had a great opportunity to speak with someone that worked right for him for years. I have used his pyramids before. He’s a basketball coach, which is cool because that’s where you came from as well.
I love this saying that you said of thousandaires. I have never heard anybody say that and you are right. There are hundred thousandaires as you are calling it, not millionaires. At least from my perspective, one of the reasons women are not as successful in the millionaire mark or with money as generally, they have taken that backseat but don’t you see that there’s a trend changing in this world, or don’t you see that? What are you seeing?
I see it. A lot of people perceive that my client base is mostly women and it’s not because I’m so direct. What I talk about is so grit about the money. Down to where you bank and you credit. Dig in with the families. What I find is the women do take a back seat but this hundred thousandaire mark, it’s where you feel like it’s enough. It’s enough to support the family.The fastest way to being a millionaire is to hang out with millionaires. Click To Tweet
Six figures were their marker because you got to admit too so few people even make six figures as an entrepreneur. It’s like that’s the marker and then anything else. I have one right now that came in as a client. She’s doing about $670,000 to $680,000 and $1 million is right around the corner. Our eyes were like, “It’s going to take years to get an extra couple of $100,000. Few women, how they handle money from using a debit card to how they get credit and to how they capitalize a business and I don’t think that men are trained that way. There’s a natural tendency to, “I’m going to take care of it all as a woman and as a mom,” and not get the help they need. One of my biggest messages to women is you are going to have to get help.
This is for men too. I was speaking to someone who said, “Can you coach me on financial literacy and how I can prepare for retirement?” I said, “No. That’s not what I coach on.” I coach on the awareness of it. Rich Dad Poor Dad and Think and Grow Rich. “No. That’s not what I coach on. I’m not going to be your fiduciary or anything,” but it’s amazing because this is a high-level executive who I’m sure is making a couple of $100,000 a year for multiple years and, “What do you mean you are not ready?” Where do people go wrong? We will talk about making money here in a minute but let’s talk about savings first.
There are all kinds of pieces to this because a lot of people can make a lot of money but not save and then others are great savers of the few pennies that they have together and I find that that’s amazing. Let’s talk about some of the myths about saving money. You got to have a 401(k) and IRA. Those are the two places and you have to save X percentage and that’s varying. X percentage, pay yourself first and why are people doing this and what are some of the myths behind these? Being in the lending business, I saw a lot of people saving multiple 401(k)s, $1,000 here, $1,000 there and they would liquidate all of them to buy a house.
The way that I teach and talk about it is, first of all, we are not taught any financial literacy. We are not even taught how to manage a checkbook. Now that everything is electronic, people don’t even go back and validate it like they think the bank is going to be accurate and not all the banks are accurate. They can mess up so you got to have that tracking.
The lack of financial literacy but then it’s also rooted deeply in the fact that we are so employee-industrial trained that there is no one saying it. My mission for all my clients is, you have teenagers, that’s where I would love to start. They don’t even know that there’s an option to be an entrepreneur.
You stumbled into this. When people come to work for us or we want to know how I got here, it’s like you don’t go to school to do what I did. I worked on the Rich Dad Poor Dad brand with Sharon Lechter and Robert from 1996 to 2000. Then I launched mine. I became a millionaire in ‘99 but it’s through being with other entrepreneurs and being with millionaires. I always say, “Your fastest way to being a millionaire is to hang out with us,” because it’s how we behave and do all these things.
There are other ways that I share with people. There’s Western medicine and traditional medicine. If you went to a hospital, they are not going to give you cupping and they are not going to give you red light therapy. None of that stuff. Same thing in money. The wealthy get rich in the alternatives. I have consumed in my life teaching people not only how to be a millionaire. To your question, the savings. Stop the pattern of make and spend.
The way you are going to be a millionaire or even a well into the hundred thousandaire is you got to start making and investing. I don’t even use the word savings, quite frankly. I say, “Once you make it, you got to start putting it away as young as possible.” I’m doing an initiative with a lot of student-athletes. They have LLCs. They are employed by their LLC. They have a Roth IRA and they have other investing accounts and they are starting to buy real estate together.
These are twenty-year-old men and men that are going to the league but that pattern is so rooted. There’s this other big challenge that people have called your friends and family. They don’t know who they are. I say up, not up like it’s a worship thing but looking at somebody who has a higher net worth, they look side to side to their friends and say, “What do you think?” All of it is a whole bunch of illiteracy opinions that are going on and there is no literacy being taught. I always say, “I took the Rich Dad Poor Dad brand and out of that the Cashflow game because I was a master distributor of that.” The biggest question was, “How do I do it? What’s the how-to,” and that’s where I could develop my brand.
Exactly the guy that asked you, that is my perfect client. He’s probably overpaying taxes. He probably does not have LLC and trust. Insurance is not right. 401(k)s scattered across everywhere. The lack of understanding how big your wealth team needs to be. I always liken it to health because it’s easy. You don’t go to a surgery and have one person.
“You don’t have one accountant and you do your own taxes. You don’t do your own surgery. Why don’t you have a team?” I’m a huge advocate of team, systems and helping people see that entrepreneurial is what the game is. I’m really aggressive as a parent. At eighteen years old, my son got an LLC for his birthday.
I will tell you a little story. At eighteen, my kids got the book The Automatic Millionaire. It was a $250 American Express gift certificate in it and they could spend it after reading it or invest it after reading it. Thankfully they both went into investing. The rest of all that is history because they are entrepreneurs, which I absolutely love. I love that you said, “The wealthy get rich in the alternative and everybody else makes money and spends money.”
How does someone get out of the pattern? How do you knee jerk someone out of that pattern who says, “I make $5,000 or $10,000 a month and I’m barely scraping by? How do I get out of a pattern and where’s the first place I go? Is it real estate because everybody does real estate and that’s what I should do?” How do you break that pattern and then what do you think is the easiest and most efficient way for someone to get in without a lot of risks because you know that’s the first thing you are concerned about.
The pattern is the way that I teach is through scenarios. You can take somebody who has a $10,000 a month job, W-2, and look at that tax structure where they are making money, getting taxed right away and then living on west if you are an entrepreneur. Even next to it, what could you do on the side to have an LLC 81,000 pages next. A lot of us, it’s education in the beginning where you control the way you’re taxed. We got to start with that pattern of, “Do you want to continue this?” I take it out of all the emotion, even I was in the secret and I believe in all the manifesting and all that. I’m very logical in the way that I teach.
It’s like, “What do you want? If you keep going this way, this is what your spreadsheet is going to get you, which means end of your life. This is what you are going to get. If you change a few things, this is what you are going to get. Now decide.” It’s a yes or no decision. It’s not a big emotional, “I have to think about it.” Which result do you want? We have to start shifting your patterns and that goes to how you spend on your credit cards. How do you use your money? As far as investing, to the second part of that question, what’s challenging right now is cryptocurrency and NFTs all over Snoop. There are so many on-paper NFT and crypto millionaires and I said, “If you tried to pull that out to FIAT currency, you might get $100,000 out of it.”
I have some young clients do $4 million in cryptos and they don’t have the cash now to pay the taxes because nobody thinks this is a tax industry. It’s a segment that’s very taxed. Before this all came out, when you look at education and what’s out there freely is, like you said, real estate and the stock market. You don’t see like, “How do you go by?” I own some board dealerships, RV parks and all sorts of different asset classes. Gas and oil. How do you get aviation? How do you get into those? Most people don’t know. I do a lot of very logical scenarios. If you have this, this is what you are going to get. Make a decision. Now let’s make a plan and then we start moving.
A lot of us through education but I also do own a software. We met a guy from the Deutsche Bank who developed this software that has algorithms to take you out of the market. I’m usually very averse to the market because it’s such an emotional arbitrage. “What’s going on now? What happened in the last few days?” This software is designed to take you out. In March 2020, I only lost 2.8%. The average client lost 3%, the average market lost 33%. There are a lot of alternatives and different things but you’ve got to dig in what you want to want. You have to want a different result. What’s so interesting is how many people are comfortable in their pain.
They don’t even know they are in pain. People said before, “We did not know we were poor. We were just in our house. We did not know we are poor until we started comparing ourselves.” I want to follow up on a couple of questions. One is the LLC. Let’s take a guy who’s a plumber and he’s working for a plumbing company. What does he do with his LLC? Do we go to services, side hustle, or the midnight stuff? What are they?
I love that you clicked a plumber. Johnny is a plumber in Boston who became a multimillionaire. He had a job and so I coached him on how to change that job into a contract where he could have his own bond. You have to have your own license. You have to have all of that. He was a little freaked out about it and then he became home services. The end of the story and this goes for anybody. This goes for nannies who can become home managers, managing a whole household. If you are going to pick up the kids or even a dog walker. In my Millionaire Maker, I have a dog walker that became a millionaire because she became home services.The greatest entrepreneurs solve a lot of problems. They don't tell you what to do; they do it for you. Click To Tweet
If you are going to walk into a house, trusted house and homeowner is not there or they are there briefly. You are going to take their kids or their dogs. You are going to clean something, fix their toilet and do some plumbing. When you do plumbing, I said, “Johnny, what do you rec in the meantime? Do you need baseboard, carpentry or paint? You might do the flooring. You need to fix all the rest of it.”
I said, “What if you had the consortium of all those trades and you would be the guy where everybody calls you and you handle all the contracts?” He went from $100,000 in his first year and he was a millionaire so quickly, encompassing what people need. The greatest entrepreneur solve a lot of problems. They don’t tell you what to do. They do it for you. The more problems you can solve, the more money you are going to make.
Whether that’s in marketing. Instead of teaching me to market, do my marketing. Instead of telling me how to sell, sell for me. People that want to be the teachers and not the doers, the combination is your wealthiest spot where you know how to teach and do and get done but people don’t want to do a lot especially now.
You take a plumber and you shift it. If he can’t change his job, then I say, “What else do you do?” There’s a gentleman in Utah. He used to do metal art on the side. Beautiful stuff and he was giving it away because it was a hobby. I said, “This is not a big business.” Now he does all this beautiful metal art. He quit his job after two years and he does these beautiful gates. He built me this beautiful lamp but it’s all out of stuff in your garage that you’d never think you are going to put together and do this metal art. People have hobbies that can be real businesses. They don’t think about it like an entrepreneur because we are not trained like that. A lot of it too especially women. Women have this, “Who am I to be amazing, great and successful?”
I don’t feel that way but I do know a lot of women.
I don’t either. I don’t feel that way.
I’m an alpha.
You know how that is. A lot of women take that only backseat but an emotional backseat and they need to spit it out. Here’s what I would say to the moms. I have a book coming out called How I Made My Kids Millionaires on paper by ten. I would say to a lot of the moms who stand back. I said, “That’s how you are teaching your kids to be. You’ve got to be amazing.” I’m with you, alpha, powerful. Show them how the game is played.
I’m going to ask you another question about that. I want to go back to this other question. You mentioned that you yourself are investing in cash cows, mobile home parks or whatever they are. As the novice who is starting out, are there collaborative opportunities to accelerate that as opposed to feeling like you are a little island? We have all done this. I even did it with Robert Kiyosaki. We all went to his classes and it’s super easy. I’m an investor now but it’s super easy to get in. It’s not super easy to get in when you are by yourself.
I made up a term called Field Partners. Field partners are people especially in real estate. It drives me crazy when some of these people have it done for you, real estate plans and we are going to buy a turnkey property and you are going to have a magical cashflow. I exaggerate that because it drives me crazy because you know if something happens to that property, the property management is going to take most of the cashflow. The owner’s going to have to come up with more money. None of the truth of the finances are taught in those. This is how I have invested. I invest 100% like this. I find somebody in the street. I’m in the Ozark, Ohio. I’m in a lot of markets.
I will use Justin as an example. He’s in Kansas. In Topeka, Kansas, we rehab houses. He is on the streets. He owns flooring, distribution, construction and management companies. He’s a broker. He owns it and then I invest with him. He’s on the street but he’s a partner. To answer your question, if you have some money, I would find somebody that’s already in the street in that market. Not brokering and then standing back but going to be your partner in an LLC with an operating agreement, with the terms, who’s going to do the capital. I have had amazing success teaching my students how to partner.
How to do that? That’s key. You can’t just do that. There are so many people who get messed up. That’s good. That accelerates everything. Let me go back to the LLC then and passion. I hear this all the time and you did not use that word but I’m using that. You said, “What are you good at? What do you like to do?” That’s passion. When I hear a lot of people saying, “My passion won’t pay the bills.” What do you say to that? How do you differentiate between passion, for example, this hobby of making these beautiful metal things because I have seen lots of people, “I make metal things? I’m at a vendor event and I’m standing here with my little metal things.” How do you make that turn into this killer business?
Distribution. I’m going to go back to your passion because I think perfection and living in your passion. If your passion is to binge on Netflix, you are not going to make any money. This is harsh to say but you earn your passion. I am extremely passionate about what I do now. Why have I been passionate the entire walk of this journey? No. You do things because they are necessary. I met Robert Kiyosaki through Bob Proctor. The next day I flew down. I sat at Sharon Lechter’s kitchen table and made the deal. I remember her looking at me and saying, “Do you know how to sell games?” I said, “Yeah.” In my mind, I’m going, “I will figure this out.”
I figured bigger problems out than selling a game. You’ve got to earn into your passion. You need to do what you need to do to learn the skills to be a good entrepreneur. I teach it that way. I said, “You will get into your passion but right now, here’s the three big keys you have to have to be a great entrepreneur. You need to learn to market. You learn how to market, sell or understand cashflow as an employee. Until you learn those, I don’t care what you do. Do the easy thing. If you are a teacher tutor, and they are like, “I don’t want a tutor anymore.” You don’t even know how to be an entrepreneur.
I always sequence it. I say, “You got to become a great entrepreneur, then you earn into your passion but in the beginning, do simple stuff. Do simple and easy tasks while you learn to be a great entrepreneur and then you can do anything.” How do you take those small businesses? It’s distribution, marketing or sales. It’s getting out of the little vendor boosts in the neighborhood and sending somebody else out while you are figuring out bigger distribution channels and understanding cashflow and business modeling. It’s a leap. I love watching people jump and jumping over to that.
It’s not toe-dipping. That’s what you are saying. It’s like going in all the way and this is where the passion is. The passion is to want to succeed. That comes first and then you can go to the passion of what your deliverable is or what your thing is a passion to succeed. I absolutely love that. What’s left on your bucket list?
I have done a lot. This launch with McGraw Hill. It would be the fourth of my millionaire-maker books called How to Make Your Kids Millionaires. That’s the big legacy. My son is going to become a CPA and have a Finance degree. It’s interesting to go for a full circle from panicking in Sausalito going, “I’m going to be a mom.”
Years later, having highly succeeded as a single mom and I have a huge message that single parents, which single parents are more than regular parents at this point. Sixty-something percent of kids are being raised by single parents, moms and dads. Big bucket list is going to complete that legacy and then I love doing this. I will do this probably until I walk off the planet.Get passionate about having a purposeful life. Click To Tweet
I love what you said. I love that generational planning. I do the legal work. I love the thinking through it in the conversation with families and understanding how do you create generational wealth? That’s this side of my life and then a total other side of my life, I own a brand called Moms Meds. I will be launching this 2022 and next year one of the larger growth and production facilities of marijuana in the state of Nevada.
We will have enormous growth but it’s to totally combat the opiates. I have had so many people succeed with medical marijuana in such an amazing way. That’s a big one of my business lists. When my daughter graduates high school, I will probably go back to Africa and go on some more safaris. I have done a lot. I have traveled with my kids all over the world. I’m blessed.
You have also worked hard and that’s what’s important as well. We are all blessed but we are blessed because we put ourselves or position ourselves in that opportunity. One of the last questions I want to ask you. I have tons of questions. Why do people chase crypto? That was one of the things. Why are people chasing the market and how do you ground yourself? It’s like Braveheart. Hold. Whereas the average person is chasing. NFTs and crypto are the names of the game. How do you ground yourself?
I want to get back to that but I want to ask you why this crazy crypto because it starts right here. It starts with a little Coinbase wallet that you can do a debit card for $50 to $100. The entry point is so low. We made it so simple to get in on the entry point but I see so many younger kids like Millennials and Gen Zs. They are over-leveraged. They are all sorts of problems with that. I’m in it. I love it. I’m watching an NFT with my book launch but how do you ground yourself? Personally, I lean back on my values. I’m very spiritual. I have an amazing relationship to God. My family, my relationship. I’m married to a Canadian. My family, my spirit, my health, those are my three.
It’s amazing that you said that because that’s how I answer almost all my questions. It is my value. Let’s go back to the values. Does it make sense for me to be investing in that? I’m starting NFTs. We get a whole little thing going on but I’m careful. I’m cautiously optimistic there. I’m still trying to learn it and that’s pretty funny. My question again is, what advice do you have for people who chase the newest, best thing? It’s a shiny object. I don’t want need to stay in the crypto or whatever but anything. I heard, “This is a good stock and I heard I should hold notes on mortgages, loan or property.” Any of that.
When you say get grounded, you have to know who you are. What do you want? Many people know what they don’t want. Chasing shiny objects is a form of moving away from what they don’t want versus being clear. “This is what I want. This is the path that I want.” Investing is so not taught especially the alternatives. I love teaching the alternatives and how to spin deals and do different, creative deals. A lot of us education like you’ve got to get curious. You said it well. You said, “I’m passionate about being successful.” I would say, “Get passionate about having a very purposeful life too.”
I want a generational wealth plan for my kids. Why? I never grew up like that. I’m going to create it for the next generation. I love making things up. Creating new things, challenging. I started a lot of this but I say to a lot of people that are out there is sit with what you want. What do you want for you and your family? Start learning. Many years of college to something. How much time have you ever gave to financial literacy and business literacy? When you think about investing. I have a whole chapter, this other book. It’s on money rules. What are your money rules? You know this too and I will pick on mortgage since that’s a big one for you. How many people in mortgage do real estate or people in real estate have 100% of their asset classes in real estate?
Zero, quite frankly. I find it amazing. You sell this product but yet you don’t own it. Lack of money management.
Money rules and financial literacy. A lot of people and families, they need to stop and say, “This is going to be important to me. This is going to be my year of financial literacy.” Those are the clients I attract, those who want to roll up their sleeves. You see my Millionaire Maker game because I love the Cashflow game.
I always tell families, “If you want to change your conversation at home, start with Monopoly, the easy one. Bring Cashflow and then Sharon ThriveTime time for the kids. I have the Millionaire Maker, which is the big one. It’s all the components of being a millionaire.” Put it at your kitchen table or a table. Don’t take it down and come sit with it an hour a week. Start a money night where you can say and I will give a talk directly to the parents that are out there. Even grandparents. I have not taken these money conversations seriously but it’s time. It’s time we learn this as a family. You don’t have to be the one that’s going to go, “Be successful then teach the kids. Do it with the kids.”
I want to share a quick story about this too because it’s interesting. My son and daughter-in-law have got into real estate because we shared with them how to do it and stuff and they have lots of real estate now. My granddaughter said, “I want to buy a house.” They said, “We got to save your money.” She had a little baggie that had coins and dollars. Whenever it was her birthday, we gave her dollars and she would put them in there. She had this little money bag and she has a piggy bank too but she had a little coin bag.
They bought this investment property on the ocean, literally a $1.5 million investment property, right on the ocean. They never stayed there themselves. They only make money on it. We have never even been there. They went to closing and signed all the papers but then she was at the closing and they slid some papers in front of her of the title company and said, “Now that you are agreeing that you are going to repay this loan and that you are going to whatever.”
She was so funny and we have it on video. She was like, “I’m signing.” “Do you have your money?” It was so painful to watch. It was so cool and then in the background, my other little granddaughter said, “I want to buy a house too.” “Okay. You are going to start saving and you can buy the next house with us.” Every month that they get money, they give her money. They give her a little bit that she received so she’s already receiving it.
It’s such a great story. It is. If people could do that, I think that’s important. I wanted to share that. I forgot about ThriveTime. I remember Sharon saying something and I had forgotten about it. I have to make sure I go back to that. Thank you so much for being here. What would you like to leave with those that are reading in here if there’s one thing that you could say that would propel them to take action without a single ounce of doubt?
First of all, you got to start trusting yourself especially you women out there. Trust that you know what you need to do and then get clear what it is that you want even if it’s a little tiny baby step. One of the things I would love to offer to your readers too. Every three weeks, I do what’s called The Marketplace and I teach people how to make money literally in two days. I love showing people the evidence that they have right in front of them. You literally could make money in the next few hours if you wanted to and you knew how. Jen, you know how to do it too. You could pick up the phone but you and I have systems to do it.
Someone who’s reading who has a job never even thought about this as reading going, “How could I do it?” There are a lot of things. You are already doing something but to make money is one of the things that I have perfected for people that changes them like that. It changes it in a minute because they go from this, “I can’t. I have money. I don’t care, even if it’s $10. I made $10, $1,000.”
I had a gentleman who makes $7,000 in two days. He never made his own money. He was an engineer. He’s like, “I did not think it was possible in my life.” He’s off on his way to become a great entrepreneur. You have to start. I know everybody always says you got to start but I would say start making some new money that changes you drastically, more than anything else I privately teach is whether it’s kids or adults, make new money in a new category, your life will change very quickly. You have to think of it. How did I do that? You got to process it.
I know you also have another little gift too and that’s the Shop Integrated Wealth System.
I have a simple link. Go to Loral.club. There are two tickets to the marketplace. There are some chapters of my Millionaire Maker book. That software that I talked about. There are a whole bunch of gifts there. If your readers dive in and get a bunch of gifts at Loral.club. It’s the easiest way to get all that stuff.
Thank you for giving that. It’s been an absolute pleasure. I have heard so much about you and I was like, “I want to have an interview with her.” Somehow, we got connected. I don’t know how it was but I’m happy that we are connected. I want to say that it’s an honor and I’m so happy to know someone like you. I want to congratulate you for all of your success and continued success in what you are doing for charities and what you are doing for veterans and children and all of this financial literacy in the world and helping people become millionaires overnight.
Virtually overnight compared to others. Thank you so much for joining us. I appreciate it very much. For everyone reading, thank you so much. I hope you take some action. Hopefully, you can attend her sessions that she’s having as well. Thank you so much for joining us and giving us a little bit of your time. We hope that you are walking away with something to change your life and we will catch you on the next episode.
- Loral Langemeier
- Think and Grow Rich
- You Were Born Rich
- Rich Dad Poor Dad
- The Automatic Millionaire
- Millionaire Maker
- Moms Meds
- Become a Member MLMMembership
- Book your Business Breakthrough Session with Jen
- Find and Share your Favorite Podcasts on GoodPods
About Loral Langemeier
Loral Langemeier is a money expert, sought after speaker, entrepreneurial thought leader, and best-selling author of five books who is on relentless mission to change the conversation about money and empower people around the world to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral shares her best advice without hesitation or apology.
What sets her apart from other wealth experts is her innate ability to hone in on the skills and talents of everyday people to inspire them to generate wealth. She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, the company has served thousands of individuals worldwide and created hundreds of millionaires through wealth building education keynotes, workshops, products, events, programs, and coaching services.
Luminaries including Bob Proctor, John Gray, Jay Conrad Levinson, and Michael Gerber are powerful champions of her work. T. Harv Ecker says, “Loral Langemeier’s investment strategies make millionaires – and the best thing is that anyone can use them.”
Loral’s straight talk electrifies audiences and inspires powerful action from live stages and television programs ranging from CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America’s Nightly Scoreboard, The Dr. Phil Show and The View. She is a regular guest-host on The Circle in Australia and has been featured in articles in USA Today, The Wall Street Journal, The New York Times, Forbes Magazine and was the breakout star in the film The Secret.
With unquestionable candor, she is quick to speak truth that leaves no doubt about her point of view.
“Get off your lazy assets.”
“Millionaires don’t leave money to chance.”
“Companies make money. People get taxed.”
“You are here to do something better.”
“Change and engage your relationship with money. Start first by hanging out with people who
“Entrepreneurs change economies.”
“Entrepreneurs solve problems and need needs.”
“What problem do you solve and what needs do you meet?”
“Say YES and figure out how to get it done.”
Growing up on her family’s farm in Nebraska, Loral was never content to sit at the little kid’s table for holidays or special occasions – even as a nine-year-old. The Big Table was where the important conversations were happening, and she quickly took her place – even if it meant sitting on someone’s lap. Today, she and her team call smaller players in money matters to take their seats at The Big Table as the conversations around money shift perspectives and livelihoods for the better.
Loral is living proof that anyone can have the life of his or her dreams through hard work, persistence, and getting things done in the face of opposition. Loral began her career working with the Chevron Corporation right out of college. It was clear to her early on that there was more to life than cubicles and trading her time for dollars. Despite her own fears and persuasion from friends and family against it, Loral quit her job to become an executive coach. Virtually overnight, Loral quintupled her income while working much less. With her newfound freedom of time and accumulation of wealth she founded Live Out Loud, Inc.
As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment. Loral is dedicated to helping men and women from all walks of life to become millionaires and enjoy time with their families.
Legacy is something very important to Loral. She is a frequent donor to charitable groups including The Boys and Girls Club of America, The Lake Tahoe Bear League, An Empowered Woman Foundation, Life School, and Family Resource Centers. She has developed special programs for women and children and, in 2012, raised $40,000 for the founder of the Make-AWish Foundation. She also runs Serve Out Loud, a program aimed at providing discounted education in financial literacy to United States Veterans.
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