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Tag Archives: Loral Langemeier
Do you know how to build financial freedom? Do you know what financial freedom is?
Financial freedom is the ability to go about your life, doing what you want to do, without having to worry about money. Sounds cool and maybe too good to be true, right?
Well, it is true because I know a few people who have it. I have blogged a lot about Loral Langemeier and I believe she has financial freedom. Some other people I follow that you may have heard of, like Mike Dillard, Bob Proctor, and Joe Vitale, also have financial freedom. Closer to what I’m doing, Reid Nelson and Dave Johnson are high-ranking Nikken distributors who have achieved it.
Loral Langemeier has a new book coming out on October 13th, and they are expecting it to be a best seller just like her three Millionaire Maker books are.
I’ve talked about Loral several times here, mostly about her Cash Machine Workshop live event. The reason I devote so much time to her is that she is for real. She isn’t selling a program that requires you to spend a wad of money to learn a bunch of new skills so that you can hopefully start to make a little money in a year or two. She encourages you (at the live events she pushes you) to use what you already know to start making money today. Once you are making money, then you spend the money to hire the team that will support you.
I was looking for something to listen to and came across Robert Kiyosaki‘s audio book – Increase Your Financial IQ. It was published in March 2008 and has some very good, current information. I highly recommend it. There was some important information in the first chapter that I want to share here.
In 1971 President Nixon took the US off the gold standard, which changed how our money works. Prior to 1971, the dollar was based on gold, which has intrinsic value. To save money was equal to saving gold, so it made sense to save money for retirement or college because it would hold value.
If your business doesn’t have a business plan then it is in your best interest to create one.
I heard about a study recently of 1600 businesses conducted over a 25 year period about how they used business plans. 70% of the businesses surveyed had no written or verbal plan of any kind, 27% of them had only verbal goals, and only 3% of them had their plan written down. What you need to know is that 98% of all the wealth in those 1600 companies was held by those 3% that had written goals.
You’ve heard about self-made millionaires before, right? Have you ever met one? Were they really self-made, as in they did it all by themselves?
I’ve been studying Loral Langemeier‘s programs again and she puts out the idea of team-made millionaires because you cannot really become a millionaire all by yourself. In reaching that point you will run into things that you don’t know how to do or things that are better left to others so that you can stay focused on making money. You need a team to take on those tasks, such as bookkeeping or cleaning your house, so that you can stay focused on the tasks you need to be doing. Besides, you are supporting other businesses in your area by hiring out those tasks.
How much money do you want to make this year? Do you know how you are going to do it?
My wife and I spent some more time with Live Out Loud for training on their affiliate program (which pays very well if you are looking for a cash machine). One of the things we came away with is Loral’s process for revenue modeling. It is a very simple process because you want to quickly figure out what you need to do to meet your goals then get busy doing those things.
Do you have an MBA? I don’t mean a Masters degree in business. I mean, do you have a Massive Bank Account? I heard the term most recently from Loral Langemeier who created the Cash Machine concept that I talked about last time. You could say that you get an MBA by majoring in your cash machine.
I spent 3 days last weekend at Loral Langemeier’s Cash Machine Workshop and it was the best seminar/workshop that I have ever attended. The days averaged 12 hours long but flew by. I never even once checked to see what time it was during the weekend except to make sure I returned from the breaks on time.