Summary: Guide to Creating a Cash Machine for Life: Review and Analysis of Langemeiers Book
Contents:
The Millionaire Maker's Guide to Creating a Cash Machine for Life is a much-needed, no-nonsense guide on how anyone can launch their own business. A team-made millionaire and financial strategist, she is also a highly sought after speaker and the founder of Live Out Loud, a coaching and seminar company that teaches her trademarked Wealth Cycle program liveoutloud.
An index to every money book I’ve reviewed during the past twelve years
Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? This book delivers a step-by-step action plan for starting up your Cash Machine, helping you to Identify your personal skill set Brainstorm a business idea and model it after a similar venture Test the sales potential Create a Cash Machine Plan Build and manage your team Develop short- and long-term marketing strategies Grow your business-and make more money!
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Write a customer review. Read reviews that mention cash machine loral langemeier machine for life skill set small business starting a business creating a cash starting a business make money cash machines reading this book need to know business owners books because loral new business good book book is really life book guide advice. Showing of 29 reviews. Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now.
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If you already have a business, some of the book is a bit remedial because she is helping those start from scratch as well as those in business. But if you have a business it validates what is working and motivates you to try new things to take it to the next level. I own a brand strategy and graphic design firm which I was doing large proposals.
I was insanely busy one month and dead the next. Then clients can move to the next purchase which keeps the work load and cash flow steady. The book does a nice job of helping you forecast your sales, plan for the future and create a marketing plan to keep the cash coming in on a regular basis.
She also has a lot of great free info on her website if you want to check it out before buying the book. Yes, it can happen to you! The concept of a cash machine is definitely not new, but how many of us really know how to set one up and make it work for life? As Loral Langemeier points out, most of us operate in the traditional model of getting a good paying job, investing in a K and hoping it does well enough for us to retire on.
It's what we're taught and it's what we know and we certainly don't need to apologize for it. In her 3rd book, Loral Langemeier lays out the steps for setting up a sustainable cash machine for life. She goes into detail about how to look at yourself and determine the types of cash machines that will work for you and your own personal skill set.
She is clear that this is NOT a "one size fits all" strategy and that you will be required to put forth some creativity here. Once the cash machine is identified, creativity subsides and the analytical side of this business emerges. You test the cash machine for marketability, put your team together, and develop the marketing and sales strategies.
It seems like an obvious recipe for success on the surface, but it is easier read than done. Luckily for us, Loral Langemeier has a unique teaching style makes this "seemingly" monumental task an attainable feat for anyone with the will to succeed. The steps are clear and straight forward. No magic pill, just a recipe for cash.
If you want to change your financial circumstance and do it quickly, this book is for you. Anyone can follow her direction to make cash. Cash Machine does not focus on big, out of reach businesses. It is a guide to look within your self to find your skill set and use what you know already to create your personal cash machine.
This is just the starting point, she gives the tools needed to grow your business into something bigger. If you use this book, it will change your life. I never heard of Langemeier until a few weeks ago when my wife saw her on a panel of mostly investment people on CNBC. The other 4 panelists focused on living below your means being frugal and then being able to save and invest in stocks, stock mutual funds, or real estate.
Langemeier answered an audience question and basically said, "forget about the negative aspects of being frugal and not spending money, instead start your own business and make enough money so that you can spend money". If it seems nasty I am not sorry. Everybody is different, nobody creates wealth the same way. There is NO cookie cutter approach to building wealth. You can try to reach success on your own through trial and error. Does she have this expertise? I have no idea. Some people sell cars. Some people sell phones. Some people sell mortgages.
Sure, some of these probably believers made a few bucks following her nuggets; some have even posted here.
But they have to keep the stream of sucker money flowing lest they have to give up their life style. Alas, if it were only that simple….
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Her teachings are superior but your husband might get hooked. I watched her flirt with many different men including the men who work with her on stage. I even saw them leave arm and arm at night, get into a car and returned late morning before the workshop started again. Indeed, it is a bunch of crap. The only investment advice Loral will give you is to invest in her deals.
I know of one older gentleman who pulled out several hundred thousand dollars out of the stock market and gave it to her to invest. The poor guy is way too old to lose everything. My husband and I attended the Big Table in , we learned a great deal and it changed almost everything about how we think about money. Loral taught most of the three 2 day workshops we attened, not sure if she still does, the workshops were very good!
The few others on her team that taught portions of it were also very good. The real value came from the other people we met there that are now a part of our network they have been invaluable. Also learning about team was invaluable. The 3rd investment has struggled. So we spread our money across 3 different investments and 2 of the 3 paid back considerably. Much better than the same k I have had invested in my k for the last 20 years!
And better than the 50k we invested in rental property around that time. So we clearly got our money back that we invested in the big table, the tapes are worth listening to, they changed our thinking. I would make the same decision again, but it was about what we did with the info and how open we were to hear what she was saying but apply it to our situation which is different than hers. We did make over k a year when we met her, so maybe if you are on your last dime using your credit cards to invest in this program is not a good idea.
I am not sure paying for college classes on a credit card is a good investment either. Just one more opinion from someone that completed the 12 month big table program. We are not millionaires, but our life has definetely improved from her teachings. Thank you all for your insight. Both my husband and I are sales professionals, over 30 years. We know how to make money. Before we had a chance to read it, we received a call from their staff titled Wealth Strategist.
After speaking with him for 55 min. We divulged our financial picture, as we are seeking tools to build residual income. Then we spent 25 min. Basics of Business teaches you to build a business plan. We acknowledge with gratitude the abundant blessings we already possess.
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We are not driven by greed. We thank LOL for spending about 2 hrs. Be smart, check out the flags, get your questions answered, based on your needs, not their sales agenda. They tell you every participant will develop a unique wealth building plan. This is true, so leverage this to get the answers you need to commit to or pass on the program. Yes, at some stages in our lives, we may need faith to commit; just bolster this with your personal due diligence.
I am so glad I googled LL. Thanks everyone for your feedback. Sounds like too much trouble than making money. Thanks for all your feedback. I was excited to see her ad in my mailbox this morning. I thought finally someone that can get anyone with no money up and running in weeks to thousands of dollars.
BUT here and on her website she has so many pricey things to buy that you have to have money to make money. Dr Phil should be ashamed of himself for promoting this woman. I learned the hard way through Tony Robbins coaching. But the coaches were so horrible! I got a partial refund because they knew they were in the wrong. Marie Diamond from The Secret, is also a big waste of money. Flew her out to my home for a Feng Shui reading and my money and my relationships got worse.
Saw reviews on her that point to her being a fraud also. She has great books, but not the real deal in intuitive readings. They have great copywriters and make so much money. I think they all belong to a group of people that promotes each other and by that they promote themselves.
I guess if I wanted to make people unhappy by making big promises and not delivering that would make me rich and famous too. The thing is we want to believe so badly, and these people want to make so much money themselves but they can not provide the service they believe they can. They fall short and hope no one finds out.
If you live in an area where you can put up signs in local stores or town buildings, then posters and fly- ers are a good way to attract attention. I went to a Robert Allen 3 day seminar a couple of years ago. Al Cypress needed to overseethe production of the audio files, the videotapes, and the calendarsand make sure the company was not under- or overproducing. Not only did they bring in new customers, but they helped her createawareness. Phil Show they were working by appointment only so we set up a call for the day after the webinar. The Steps to Sales Sell yourself first. Maybe her approach is designed to motivate you to get into a business first
I know I have been successful in several areas of my life. If you get anywhere near these people, turn and run like hell! Yes, read the books. But just read the books and filter it through your own intellect. I went to two seminars put on by this group and spent thousands of dollars.
I even took friends with me. I saw Loral in person and she seemed indifferent to people unless she seemed to have the impression that you had the money and or network to further her own ambitions. Her staff was rude and unpleasant. Unfortunately, years later I still get emails from this group to which I never respond.
They will want to coach you to become wealthy. But not ONE of them has created their own wealth. Avoid this group at all costs and look for something REAL! My coach is bright but arrogant and condescending. You first have to have a cash machine which in my case is my music business and have to make enough from that to do investing. Sounds like a rip-off, well it is. Not only that, but after you sign up you get on both free webinars and seminars and ones you have to pay for. On top of paying out a huge fee, you still have to pay for more, all the while not investing until you get your cash machine going.
I am very sorry I ever had anything to do with this organization. It is not the real deal. Hi, Thanks to all for your posts.
I decided to keep the book CD and workbooks, as I found the info beneficial. They need successes to counterbalence those who are unhappy. I will follow the advice a wise small animal vet gave me. Invest in building your own expertise and business. I just shipped a fine golden stallion to John Wallen. I also need a CPA who can unscramble receipts from my property manager. Loral is right about hiring experts, to do what you cannot. Her sales folk now claim that she does not have any specific list of qualified experts. So much for building my team? My TV has been broken since March.
I find that I only miss a few shows. In Showing horses, one needs to find the trainer and the horse who can take you where you want to be, because they have been there and have the trophies to prove it. Theirs or their students. Personal trainers are probably fit, but so are most Marines. You also need someone who can teach you those skills, and modify them to your current level. I asked the lady who called me and she claimed that Loral stayed out of recommending specific investments.
Her Big Table allowed us to network among other successful people. Can you say Country Club? Perhaps this site could be the network of assosiates we are all wanting? I'm in Loral's program now and I sincerely regret it. It costs way too much and there really is no one-on-one except for the coach that they assign.
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She is so popular that she has way more students than she can handle and only a handful actually make any money from her. She is the one making the big bucks…and, there are no refunds. I would never do something like this again. You will learn more and pay way less…and they are accessible unlike Loral. I would say don't do it because regardless of what they say, you are on your own. I had the extreme displeasure of meeting Loral Langemeier along with Harry S. Dent at at conference recently in Tampa, FL. Now let me correct that statement. Instead, I overheard Loral and Harry in the hallway outside the convention yelling at someone that I assumed was the promoter.
I will give Loral some credit here. Harry, on the other hand, screamed and dropped f-bombs every other word.
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I was not sneaking around listening to a private conversation. I was amazed at how greedy some people can be. Here I was listening to supposed multi-millionaires. It seems to me that if you have a valuable product then all you should have to do is tell people about it and it will sell itself. I can also assume that their never-fail wealth building scheme is really just a scam and that they are really making their money selling their books at twice the going price to suckers attending their conferences.
If you had seen and heard what I had then you would keep your money far away from Loral or Harry. They have no interest in seeing you successful. They are only interested in how much you will spend. These are two of the ugliest people on the planet and I strongly recommend that you keep your wallet far away from both of them. This company operates in an unethical and possibly illegal fashion. They are a fraud! Thank you all so much for your comments posted to this website!
This tool really saved us from getting to first base! So during the call after hearing a 5 min tape of Loral giving a quick motivational get rich message regardless of the economy. We asked what the next step was and he replied in a condesending manner that we should have been prepared for the call!
Btw, I told him prior to the call that we had not read the materials yet but he insisted on having it anyway! Then when he asked again were we ready and I made the ultimate mistake of asking how much would the next step cost! His entire tone changed into rudeness and basically inferred we were ungrateful of a premier opportunity! My husband and I were speechless until I reminded him again that we had not read the materials and were not going to sign up for anything until we knew more! The 30 minute call was an experience that is all I can say and your comments truly helped me so much!
Thank you everyone so much! She turned into another person after she joined. She attempted to recruit my boyfriend to join the program too at dinner one evening, and kept pushing until I practically had to kick her out the door because she was so obnoxious and inappropriate about it. Give me a break. None of these people are doing anything worth the kind of money they are charging!! I went to a Robert Allen 3 day seminar a couple of years ago. So i told him I would like to use that money. People say it was a fluke, but what it was, was listening carefully and optimistically to the truth within what was presented.
I mismanaged most of the money I got because of not knowing what to do with it and buying a bunch of entities and such that I had no idea how to run. The coaching was horrific. But do I fault Robert Allen? I learned a LOT. I turned from Real estate to my skill field and am now seeking to apply the principles that do indeed work. I read the material. Inspired, I coached my own 20 year-old son in these principles.