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The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do
 
 
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The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do [Hardcover]

Loral Langemeier (Author)
3.5 out of 5 stars  See all reviews (108 customer reviews)

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Book Description

December 31, 2005
Take the mystery out of wealth building with a 12-step approach that can be used by anyone to turn the money they have into the wealth they want. Known as the Millionaire Maker, Loral Langemeier brings financial independence to thousands of her loyal followers. She reaches these people through her seminars, radio interviews, and speaking engagements.
--This text refers to the Audio CD edition.

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Editorial Reviews

From Publishers Weekly

Millionaires don't get there by working hard for others and saving pennies, insists this high-wire personal finance self-helper. Instead, "master coach" Langemeier urges the nonwealthy to quit their jobs, start businesses, plow money into real estate and other "aggressive, unconventional" investments, construct a maze of tax-minimizing business "Entities" and amass "assets that create more assets." The result is dramatic makeovers of people like Mike and Mary, a mechanic and laid-off administrative assistant with two kids; Langemeier quickly convinces them to start a dune-buggy company, buy 12 rental properties and a promissory note and turn their family into a financial empire consisting of two limited liability companies, an "S corporation" and "a trust to serve as an umbrella for all of their companies and holdings." The author calls this taking personal control of one's finances, but doing so, she emphasizes, requires a vast support staff of lawyers, accountants, realtors, business brokers, "sector analysts" and miscellaneous "field partners." She provides many case studies of skyrocketing wealth, but never seriously addresses the risks her daredevil financial strategies pose, and relegates the critical details to unexplained balance-sheet entries. Complete with motivational hectoring and an offer of a free phone consultation, Langemeier's primer feels like an infomercial. (Jan.)
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Review

"Breaking into the bestseller club is especially hard in personal finance and investing … because any author who wants to compete in the financial big leagues needs a great, fresh idea; a proven track record; and a big, charismatic personality.

"Despite the tough requirements, the next few months promise not one, but two serious contenders for the title of Next Big Thing: Loral Langemeier and Phil Town. Both of them avoid the psych-heavy approach to personal finance.

"'Most people talk about psychology,' says Langemeier, 'and what's working/what's not working in their business. But [my team and I] really go tactical. We're truly planning through what we call a gap analysis: where people are, where do they need to go.'

"A go-getter from a young age, Langemeier started her first business while she was still in college. By 35, she was a multimillionaire. Her book, The Millionaire Maker (McGraw-Hill, Jan.), showcases the concepts she honed with her coaching-consulting company, Live Out Loud, which emphasizes aggressive, multilateral investing.

"'What we noticed,' she says, 'was that the millionaires who got created faster, it was how they sequenced. They got their assets invested; they learned to make more money; they were running their personal finances like a business-for profitability. They were incorporated; they had diverse assets. But they do it all pretty simultaneously. Whereas a lot of plans would say get out of debt then we'll work on it. We would never say that. It's too slow. It's not what millionaires do. Millionaires don't worry about a latte a day, you know.'

"So far [Langemeier and] Live Out Loud have made over 200 millionaires, and not one of her 10,000 clients has filed for bankruptcy."--Publishers Weekly (Publisher's Weekly )


Product Details

  • Hardcover: 240 pages
  • Publisher: McGraw-Hill; 1 edition (December 31, 2005)
  • Language: English
  • ISBN-10: 0071466150
  • ISBN-13: 978-0071466158
  • Product Dimensions: 9.3 x 6.5 x 1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 3.5 out of 5 stars  See all reviews (108 customer reviews)
  • Amazon Best Sellers Rank: #65,403 in Books (See Top 100 in Books)

More About the Author

Loral Langemeier is one of todays most visible and innovative money experts. She continues to expand her horizons, even through the challenging obstacles of today's economy. Because of her tenacity and absolute confidence in what she teaches, Loral is one of only a handful of women in the world today who can claim the title of "expert" when it comes to financial matters and the making of millionaires. She accelerates the conversation about money, sharing how to not just survive this tough economic climate, but how to succeed and thrive.

In February 2012, Loral will release "Yes! Energy: The Equation to Do Less, Make More." Leading up through the release of the book, Loral has brought together thought leaders and experts from around the world to share messages about how they've built and maintained their energy through successes and challenge. To discover more about this innovative movement, visit http://yesenergysummit.com!

As a previous New York Times, USA Today and Amazon bestselling author and a leading entrepreneurial speaker, Loral has coached thousands of success stories around the world by giving them the simple tools to generate cash. As a single working mother, dynamic speaker/motivator and owner of a business (Live Out Loud, LLC); Loral lights up the room and impels you to change for the better.

Langemeier started her first business at 17, and by age 34, had established a multi-million-dollar portfolio. As one of the most notable women national and international experts, Loral has built a number of businesses in a variety of industries, including projects in real estate, green recycled glass, and online marketing firms - several of which have grossed millions.

Loral has the determination to thrive, even in the midst of telemarketing nightmares. That she has done this, even while battling a full throttle and runaway internet and the bruising of her powerful brand by people whose real goal is to sell their own products, is testament to her focus on prosperity, rather than scarcity.

As Founder and CEO of Live Out Loud, Loral has shared her high value strategies at seminars all over the world, teaching people her simple recipe for capitalizing on their skills and talents to make new money. She is author of 4 national best-selling books; The Millionaire Maker, The Millionaire Maker's Guide to Wealth Cycle Investing and The Millionaire Maker's Guide to Creating a Cash Machine for Life and her just-released book Put More Cash In Your Pocket. In addition she has appeared frequently on CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America's Nightly Scoreboard, The Dr. Phil Show and The View. Loral has been featured in articles and appeared in USA Today, The Wall Street Journal and The New York Times, and on the web at ABCNews.com, Forbes.com and as a regular online contributor with the Huffington Post, The Bottom Line, Yahoo7Finance, and BusinessWeek.com.

In 2010, Live Out Loud will celebrate its 10 Year Anniversary, with a variety of events, webinars and promotions to recognize the many achievements of the company, program graduates and current clients.

Loral Langemeier is one of todays most visible and innovative money experts. She continues to expand her horizons, even through the challenging obstacles of today's economy. Because of her tenacity and absolute confidence in what she teaches, Loral is one of only a handful of women in the world today who can claim the title of "expert" when it comes to financial matters and the making of millionaires. She accelerates the conversation about money, sharing how to not just survive this tough economic climate, but how to succeed and thrive.

A New York Times, USA Today and Amazon bestselling author and a leading entrepreneurial speaker, Loral has coached thousands of success stories around the world by giving them the simple tools to generate cash and build wealth. As a single working mother, dynamic speaker/motivator and owner of a business (Live Out Loud, LLC); Loral lights up the room and impels you to change for the better.

Langemeier started her first business at 17, and by age 34, had established a multi-million-dollar portfolio. As one of the most notable women national and international experts, Loral has built a number of businesses in a variety of industries, including projects in real estate, green recycled glass, and online marketing firms - several of which have grossed millions.

Loral has the determination to thrive, even in the midst of telemarketing nightmares. That she has done this, even while battling a full throttle and runaway internet and the bruising of her powerful brand by people whose real goal is to sell their own products, is testament to her focus on prosperity, rather than scarcity.

As Founder and CEO of Live Out Loud, Loral has shared her high value strategies at seminars all over the world, teaching people her simple recipe for capitalizing on their skills and talents to make new money. She is author of 4 national best-selling books; The Millionaire Maker, The Millionaire Maker's Guide to Wealth Cycle Investing and The Millionaire Maker's Guide to Creating a Cash Machine for Life and her just-released book Put More Cash In Your Pocket. In addition she has appeared frequently on CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America's Nightly Scoreboard, The Dr. Phil Show and The View. Loral has been featured in articles and appeared in USA Today, The Wall Street Journal and The New York Times, and on the web at ABCNews.com, Forbes.com and as a regular online contributor with the Huffington Post, The Bottom Line, Yahoo7Finance, and BusinessWeek.com.

In 2010, Live Out Loud will celebrate its 10 Year Anniversary, with a variety of events, webinars and promotions to recognize the many achievements of the company, program graduates and current clients.

Loral Langemeier is one of todays most visible and innovative money experts. She continues to expand her horizons, even through the challenging obstacles of today's economy. Because of her tenacity and absolute confidence in what she teaches, Loral is one of only a handful of women in the world today who can claim the title of "expert" when it comes to financial matters and the making of millionaires. She accelerates the conversation about money, sharing how to not just survive this tough economic climate, but how to succeed and thrive.

A New York Times, USA Today and Amazon bestselling author and a leading entrepreneurial speaker, Loral has coached thousands of success stories around the world by giving them the simple tools to generate cash and build wealth. As a single working mother, dynamic speaker/motivator and owner of a business (Live Out Loud, LLC); Loral lights up the room and impels you to change for the better.

Langemeier started her first business at 17, and by age 34, had established a multi-million-dollar portfolio. As one of the most notable women national and international experts, Loral has built a number of businesses in a variety of industries, including projects in real estate, green recycled glass, and online marketing firms - several of which have grossed millions.

Loral has the determination to thrive, even in the midst of telemarketing nightmares. That she has done this, even while battling a full throttle and runaway internet and the bruising of her powerful brand by people whose real goal is to sell their own products, is testament to her focus on prosperity, rather than scarcity.

As Founder and CEO of Live Out Loud, Loral has shared her high value strategies at seminars all over the world, teaching people her simple recipe for capitalizing on their skills and talents to make new money. She is author of 4 national best-selling books; The Millionaire Maker, The Millionaire Maker's Guide to Wealth Cycle Investing and The Millionaire Maker's Guide to Creating a Cash Machine for Life and her just-released book Put More Cash In Your Pocket. In addition she has appeared frequently on CNN, CNBC, The Street TV, Fox News Channel, Fox Business Channel-America's Nightly Scoreboard, The Dr. Phil Show and The View. Loral has been featured in articles and appeared in USA Today, The Wall Street Journal and The New York Times, and on the web at ABCNews.com, Forbes.com and as a regular online contributor with the Huffington Post, The Bottom Line, Yahoo7Finance, and BusinessWeek.com.

In 2010, Live Out Loud will celebrate its 10 Year Anniversary, with a variety of events, webinars and promotions to recognize the many achievements of the company, program graduates and current clients.

Customer Reviews

Most Helpful Customer Reviews
188 of 192 people found the following review helpful
Stay Away! January 25, 2008
Format:Hardcover
Book had some good points, but all it really does is make you very discontent with what you have to make you want more. Then she sucks you into her coaching program which and thats where she makes her real money!

Don't waste your time or money folks. They will try everything they can to get you in! We lost $3000, but almost lost $10,000 and they wanted us to put it all on a credit card! Unfortunately we did.

The coaching was a horrible program. Like I said we first were lured into spending $10,000! We didn't go for it and only did the $6000 version. Very unhappy we were refunded $3000, but we are still out $3000. We didn't have the money, so the coach pressed us very hard to put it all on a credit card. Can't believe we did.

We were passed off to 3 different coaches. One said he would personally coach us. Then after 2 more phone calls, he passed us off to another coach

We had that coach for 2 weeks, then showed up for the next class no coach showed up at all, so we left scratching our heads. The next week we had a different coach with no explanation of what happened to the previous one.

On top of that, all the coaches did was show powerpoints of the material already explained in the book and talk about it. The whole program was simply an overview of the same material in the book we received, nothing more. Nothing different!

We kept waiting for more, then all of a sudden we were at the last session, and then it was over. Totally surprised I asked the coach, "thats it?" She agreed.

Basically we paid over $3000 to hear someone tell us what we could have read ourselves.

We spoke with our sign up coach about all of the problems we had, and he assured us they would make these wrongs right.

One thing he promised was that we could retake to course for no additional fee the next summer. Then I asked if we still were not satisfied after that, and he eluded to a full refund.

Well we had several issues that summer, pregnancy, lost job, car accident, we could not retake the course.

So I called back to ask for the full refund. I found out our sign up coach no longer works there and talked with someone there and she assured we would NOT get any more refunds.

Thanks Loral for first making me feel discontent with what I have, then taking my money when I tried to do better! Glad I could make you a little more richer at my families expense.
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54 of 56 people found the following review helpful
Format:Hardcover
This was a much more exciting book to me before I read it. Unfortunately, the author sets up each example and then flees to the next without following each story to its end or showing what to do when there are personality or market obstacles to success. We never find out how the dune buggy family fared running a business together, for instance. Why? Because it's a composite rather than a real example of a success story.

As for all these wonderful real estate buys that are the basis of the new cash flow, the author is talking about atypical, special investment deals that aren't available to rank beginners. You can't get the deals without the experts. You can't get the experts without the money to pay them. You don't even know where to get the money until you find the experts. Most people reading this book won't be able to overcome these contradictions. I would have welcomed a simple pitch for new clients, an honest "Pay my team $50,000 and I will make you $500,000 in one year" to the "You all can do this" speech. We all can't do this.

I do applaud the author's desire to get people to see beyond drudgery as employees to the possibilities of leveraging their assets to create wealth. And to learn to use the tax code to shelter income. There are nuggets of interesting ideas here. But this book is not a substitute for the author's boardroom of experts.
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34 of 34 people found the following review helpful
By S. Koop
Format:Hardcover
I received this book "free" with a 30 day free trial to Lorals online web-course. I called to cancel the online web-course to avoid the $69.00 a month fee. I told her rep that I hadn't finished the book yet and wanted to cancel my subscription until I read the book. I was told "you do know the book is just an autobiography, and you won't learn anything from it". I was told that the "meat" of the program was the online advisors... Well, there ya go, from her own representative, the book is worthless and useless. If someone gives me a worthless book, I have no interest in anything else they have to sell me. Im glad I didn't actually pay for this book.
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Most Recent Customer Reviews
Think like the Wealthy!!!!!!!!!!!!!
THis is very good book for those who want to make money, get out of debt and organize their finances. Read more
Published 3 months ago by Jisnetworking
proceed with caution
First of all, you should read this book very carefully and probably twice. The examples given are
fictional to help teach principles. In theory they will work. Read more
Published 3 months ago by J. Rubino
A good book with a good plan!
I found this book to be very helpful to the average college graduate. It would make an excellent graduation gift. Read more
Published 3 months ago by Aimee Elizabeth
Beware!!!!!
Don't get involved in any way with the free trial membership that accompanies this book. It is a total rip off. They took $67 and GAVE ME NOTHING!!!! This is a scam. Read more
Published 7 months ago by B. King
Avoid
In her latest radio infomerical Ms Langemeier is introduced as "Doctor Phil's financial expert". Everything you need to know to avoid this book at all costs is contained within... Read more
Published 7 months ago by The Chalcenteric Kid
You call this writing
This book is disjointed and unorganized. The author clearly needs help in not using words before she explains what they mean. Hard to follow!
Published 8 months ago by Jason
Good principles, badly run organization
I am still reading the book and completing the online trial. So far, I like the principles and ideas she puts forward. Read more
Published 12 months ago by KS
Good advice
Good read. I bought to help me get into real estate. Good prices and shipping makes Amazon a great place to shop.
Published 12 months ago by David Dodd
A Fools way to riches
I heard Loral speaking one day driving to work at 4am Saturday morning. I called and ordered the book for about $10.00, and told them NOTHING ELSE. Thank god I stated that. Read more
Published 15 months ago by flyboy
Wishful Thinking
This book did not tell me anything that I nor anyonelse did not already know. First of all it takes money to make money. Read more
Published 20 months ago by Harry L. Wyche
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Inside This Book (learn more)
First Sentence:
Even without winning the lottery, your chances of becoming a millionaire are a lot better than you think. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
direct asset allocation, mathematical multiplier, wealth team, debt elimination plan, ooo equity, wealth account, entity structuring, wealth plan, business directive, field partners, live out loud, factoring number, pretax income, next building block, wealth builder, passive income, most wealthy people, cash machine, priority payment, debt plan, wealth building, bigger vision, tax strategies
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Wealth Cycle, Gap Analysis, Team-Made Millionaire, Rick Noonan, Chuck Wallace, Patricia Beasley, United States, Jim Quinlin, Kerry Kingsley, Social Security, Lifestyle Cycles
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