Building wealth is about much more than saving money or investing in the stock market. In this conversation, Loral Langemeier shares the wealth building strategy that has guided thousands of entrepreneurs toward greater financial success through business ownership, mentorship and strategic planning.
She explains why many people unknowingly overpay taxes, why traditional financial advice often leaves important gaps, and how integrating experts such as CPAs, attorneys and financial professionals creates a stronger wealth building strategy than relying on disconnected advisors.
Loral also discusses the importance of creating a business, monetizing your expertise, building the skills to generate cash flow and surrounding yourself with experienced mentors as your wealth building strategy focused on making money, investing wisely and building long-term wealth.
Loral's Takeaways:
- Introduction and Overview of Laurel Langemeier (00:00)
- Laurel's Career Journey and Achievements (02:28)
- The Big Table and Millionaire Maker Program (04:37)
- Integrated Wealth Systems and Financial Strategy (08:24)
- Entrepreneurship vs. Corporate Life (18:47)
- Tax Strategy and Financial Planning (21:49)
- Practical Steps for Building Wealth (23:28)
- The Millionaire Intensive Program (24:14)
- Conclusion and Call to Action (27:15)
Meet Loral Langemeier:
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.
Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring 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, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.
Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.
She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. 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.
Links and Resources:
Ask Loral App: https://apple.co/3eIgGcX
Loral on Facebook: https://www.facebook.com/askloral/
Loral on YouTube: https://www.youtube.com/user/lorallive/videos
Loral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/
Money Rules: https://integratedwealthsystems.com/money-rules/
Millionaire Maker Store: https://millionairemakerstore.com/
Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/
Integrated Wealth Systems: https://integratedwealthsystems.com/
Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates
Thanks for listening!
Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.
Do you have some feedback or questions about this episode? Leave a comment in the section below!
Subscribe to the podcast
If you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device.
Leave us an iTunes review
Ratings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.
Hello, Carol. Register here. If you're ready
Carol Register:to unlock your wealth identity, you want to be here today. You
Carol Register:want to hear Laurel Langemeyer. I'm going to tell you a little
Carol Register:bit about her and who she is. Let's dive right in, Laurel. If
Carol Register:you are wanting to help somebody with wealth, with what you were
Carol Register:just sharing with me, I'd love to hear the question you have
Carol Register:about invisible pain.
Loral Langemeier:Yes, where is your invisible pain? There's a
Loral Langemeier:lot of gaps in most people's life. What I teach differently,
Loral Langemeier:I wrote the Millionaire Maker series. Carol will talk more
Loral Langemeier:about that. This is version two that we put out in 2025, and
Loral Langemeier:most people have a lot of what I call invisible pain points.
Loral Langemeier:Taxes usually number one. People just overpay tax. They kick the
Loral Langemeier:responsibility out to their tax strategist or CPA. And worse, if
Loral Langemeier:they're doing their own taxes, they're not even in the game I'm
Loral Langemeier:playing yet because you don't do your own taxes. And most people
Loral Langemeier:just continue to overpay.
Carol Register:Oh, I love that! Let me share a little bit about
Carol Register:you, Laurel. This is such an interesting bio about the way
Carol Register:you started, and the fact that you're the CEO of several
Carol Register:alternative asset companies. I love that word, alternative.
Carol Register:Since 1996, Miss Langmeyer Miss Langemeyer has been involved in
Carol Register:multiple areas of finance, mentoring, real estate
Carol Register:investing, business acquisitions and development, and gas oil. If
Carol Register:you're wanting to learn some higher level thinking in terms
Carol Register:of your wealth, she's the one you're going to want to be
Carol Register:listening to today, and I'm so excited to have you. I think
Carol Register:it's really interesting how following your graduations with
Carol Register:a bachelor's degree in physiology, studying bachelor's
Carol Register:degree in business administration and finance, and
Carol Register:master's degree in exercise physiology. That's super
Carol Register:interesting, and that was from the Wesleyan University of
Carol Register:Nebraska and the University of Nebraska Omaha. Then getting
Carol Register:picked up by Chevron to teach health, fitness, and nutrition
Carol Register:to workers on oil rigs off the coast of New Orleans. Now that
Carol Register:must have been so incredibly interesting. And then at age 24,
Carol Register:you entered a new contract. She entered a new contract with
Carol Register:Chevron, and built over 272 fitness centers on offshore
Carol Register:rigs. And then you partnered with a professor of engineering
Carol Register:and a team of students at LSU, Louisiana State University, and
Carol Register:rose to a senior level position with a Fortune five with the
Carol Register:Fortune 500 company of Chevron in San Francisco, and then you
Carol Register:spent five years in corporate America. Now you've established
Carol Register:Live Out Loud, a mentoring company in Novato, California,
Carol Register:and to date, she's published six New York Times best-selling
Carol Register:books and produced over 1000 CDs and videos. She grew Live Out
Carol Register:Loud into a multi-international million-dollar company. So this
Carol Register:is the energy you want to be
Loral Langemeier:multi
Carol Register:multi multi, and you did it multi multi years.
Carol Register:Yeah, I mean incredible. And then you spread out like in
Carol Register:Australia, you had offices there, Africa, Canada. You
Carol Register:launched your part chart topping podcast, real money talks, and
Carol Register:then you created a networking and fulfillment company called
Carol Register:Integrated Wealth Systems, that presently is grossing over 5
Carol Register:million, and it's a highly sought after money management.
Carol Register:She is a highly sought-after money management expert and has
Carol Register:appeared in USA Today, The Wall Street Journal, The New York
Carol Register:Times, CNN, CNBC, Fox News Channel, Dr. Phil, Face the
Carol Register:Nation, and on the web at ABCNews.com, Forbes.com, and
Carol Register:BusinessWeek.com. Welcome, Laurel. Thank you for being
Carol Register:here. I'm really honored.
Loral Langemeier:Thank you. It's great to be here. And yeah,
Loral Langemeier:it took more than five. I bet this. We've been doing this.
Loral Langemeier:I've been doing mentoring and mastermind. Started what's got
Loral Langemeier:called the Big Table, first one ever. One thing, which is making
Loral Langemeier:millionaires. So in 2002, I started the. I'm sorry, 2001, I
Loral Langemeier:started the Big Table. This was our 25th anniversary. We redid
Loral Langemeier:the Millionaire Maker book, and in 2022, probably my passion
Loral Langemeier:project, which was how to make your kids millionaires.
Carol Register:I love it. So
Loral Langemeier:we've been doing this in all of that, and
Loral Langemeier:then our YouTube channel is prevalent, which is Laurel
Loral Langemeier:Langmar, the Millionaire Maker, and you know it's been
Loral Langemeier:interesting, Carol, because prior to 2021, in fact, March
Loral Langemeier:7th, 2020, I was at Eric Swans's event, who introduced us
Loral Langemeier:together, and flew home from Houston, Texas, to every stage
Loral Langemeier:in TV being canceled, and it just was a whole new
Loral Langemeier:restructuring, as it was for almost every company, and we
Loral Langemeier:reset. And now I'm almost 100 online, and we do our own events
Loral Langemeier:still with a big table. And I speak every once in a while for
Loral Langemeier:very special groups, but I stay right here mostly in my studio.
Carol Register:I love this. I love it so much. And you know
Carol Register:you're known as a millionaire maker, as you referred to. What
Carol Register:inspired your accelerator coaching program?
Loral Langemeier:Just teaching people, really studying for
Loral Langemeier:myself. At 17 years old, I got the book Think and Grow Rich.
Loral Langemeier:Soon after that, Bob Proctor was one of my first mentors, and
Loral Langemeier:I've mentored with all the greats from Zig to Matt Jim
Loral Langemeier:Rohn, Brian Tracy, Mark Victor Hance, all of them. Like I've
Loral Langemeier:and I've worked with them. I've been business partners with the
Loral Langemeier:majority of them, and so just the study of millionaires. And
Loral Langemeier:you know, a lot of people say they're the millionaire makers.
Loral Langemeier:Like, well, I got the book and the brand. So, and I've had it
Loral Langemeier:since 2025. Actually, when McGraw hired me to write this in
Loral Langemeier:2025, it was a three-book series on how to become millionaires,
Loral Langemeier:how to create your cash machine, which is your business, and then
Loral Langemeier:how to invest the money that you make. Because millionaires'
Loral Langemeier:patterns was making and investing money, not making and
Loral Langemeier:spending incorrectly, which is why you have tax problems. So,
Loral Langemeier:what inspired it is you know there had to been a formula, and
Loral Langemeier:it can't be that hard to crack, and I feel like we've cracked
Loral Langemeier:it. And I think what I'm known for is just teaching work, like
Loral Langemeier:what I call common sense, practical application versus the
Loral Langemeier:theory. And so many gurus just talk about the theory. They
Loral Langemeier:might have done one transaction. I have done an enormous amount
Loral Langemeier:of transactions. I've run hundreds of companies, and it's
Loral Langemeier:it's been a fun ride.
Carol Register:I love that so much. I'm neuroscience based, so
Carol Register:we do really go into the mindset work, which I know you also
Carol Register:cover to set the foundation for the practical application and
Carol Register:the strategy. But they're a both ends. They they work together,
Carol Register:and it's really important with your experience to be able to
Carol Register:bring the actual application to the table, so people know what
Carol Register:steps to follow in order to unlock their wealth identity.
Carol Register:Right, and so I think it's really important that you bring
Carol Register:that out. What what do you think makes your approach to wealth
Carol Register:building different from other money experts? I mean, I
Carol Register:mentioned one right now, but what are some other ways?
Loral Langemeier:Well, it's it's my biggest distinction is
Loral Langemeier:integration. The financial services world is extremely
Loral Langemeier:segregated by design, so a CPA has a license, real estate
Loral Langemeier:agents, brokers have licenses, insurance have licenses,
Loral Langemeier:financial planners, and financial planners. Their base
Loral Langemeier:class is less time than it takes to go to school to cut hair. Is
Loral Langemeier:how pathetic the training is. Yeah, and so everyone has a
Loral Langemeier:license that's segregated, payment and fees and
Loral Langemeier:commissions. So
Carol Register:yeah, their employees. So why would they?
Carol Register:Yeah, sorry to interrupt. They're
Loral Langemeier:employees mostly that they're mostly
Loral Langemeier:employees that earn a fixed amount. They're not millionaires
Loral Langemeier:who are running your business, right? And they don't talk
Loral Langemeier:intentionally. They're not integrated intentionally. So
Loral Langemeier:then you have an estate lawyer that's creating this massive
Loral Langemeier:estate plan and asset protection, not talking to your
Loral Langemeier:tax team, and to find somebody who can what I call quarterback
Loral Langemeier:and really advocate. I just saw this huge gap. So early, early
Loral Langemeier:in 2020, in the like 20 oh 203, I would just tell people these
Loral Langemeier:are the people you need on their team. They go out and get them,
Loral Langemeier:and then I found myself training experts who had absolutely no
Loral Langemeier:interest in talking, and I said, "Well, I'm going to do this
Loral Langemeier:differently. I'm going to go out and find, I'm going to find the
Loral Langemeier:experts and lay down some very rules of our community, and
Loral Langemeier:everybody's going to stay in their lane, and we're going to
Loral Langemeier:operate on behalf of the client. The client's agenda wins, and we
Loral Langemeier:work for the client. So, you you will get paid in a different
Loral Langemeier:way, but you're not going to be paid in your traditional ways.
Loral Langemeier:The thing you're going to get, though, is my volume of clients.
Loral Langemeier:So, people come through the integrated wealth systems
Loral Langemeier:process. We in chapter three of the book, and I'm going to give
Loral Langemeier:everyone an ebook copy of this book. So, if people go to let me
Loral Langemeier:see what the link is, asklaurel.com, a s k l o r a
Loral Langemeier:l.com forward slash. Carol register, you will get this and
Loral Langemeier:a couple tickets to one of my events that I do once a month.
Loral Langemeier:That sets up how do you become a million or even 100,000 there.
Loral Langemeier:Just get yourself in a better financial situation because most
Loral Langemeier:people don't.
Carol Register:It's so true, and you know I even noticed
Carol Register:speaking to what you just said that I had an international tax
Carol Register:expert. Well, I still do, but he once he graduated from
Carol Register:Georgetown with his legal degree, the IRS forced him to
Carol Register:choose CPA or law. He couldn't do both, and so that was very
Carol Register:interesting finding out that distinction, and just being able
Carol Register:to educate ourselves along the lines you were talking about.
Carol Register:Who's advising us? Who's guiding us? Is it an employee that's
Carol Register:making far less in your making, like you mentioned? So, what are
Carol Register:the important steps that you recommend then for someone who
Carol Register:really wants to start building wealth quickly,
Loral Langemeier:well, quickly is you got to learn to make
Loral Langemeier:money. So we're taught. I teach a concept called living
Loral Langemeier:corporate life, which means the way you make money, the way
Loral Langemeier:wealthy people make money, is inside a company. And there's
Loral Langemeier:corporate structure all over the world, as you said. I've been in
Loral Langemeier:every continent. The difference is America has the strongest. It
Loral Langemeier:has four different kind of corporate structures. So when
Loral Langemeier:your company makes the money, not you. I always say companies,
Loral Langemeier:right? Companies make money. Individuals get taxed. So too
Loral Langemeier:many people think they need a big paycheck. I make $42,000 as
Loral Langemeier:a single mom. So that's and I don't need more than that
Loral Langemeier:because my companies have like I don't own a phone, I don't own a
Loral Langemeier:vehicle, I don't own a home. Those are allowances that are
Loral Langemeier:driven through my company that makes millions, but I don't own
Loral Langemeier:the phone. I Laurel don't own a phone, so it's how do you live
Loral Langemeier:really the Rockefeller principles of own nothing,
Loral Langemeier:control it all. Yes, and the first thing you have to do
Loral Langemeier:though, because what we're not taught that we're taught to
Loral Langemeier:become employed, so the first steps are in addition to your
Loral Langemeier:employment. You do have to have another business, a legal intent
Loral Langemeier:to make money. It doesn't have to be big, doesn't have to be
Loral Langemeier:worth millions, but you do need a business. Whether it's a small
Loral Langemeier:franchise, whether it's just 21st century lemonade stand, you
Loral Langemeier:could do like I have. I have literally big executives at
Loral Langemeier:company, and one on this has a business that's a metal artist
Loral Langemeier:builds beautiful metal lamps and gates and things. I have another
Loral Langemeier:one who just partnered to some direct sales companies and sells
Loral Langemeier:a whole nutrition program. Others that work on BrainTap and
Loral Langemeier:other brain products. So you just have to have a business.
Loral Langemeier:But the biggest skill that wealthy people have and know and
Loral Langemeier:have on their tool belt is a way to make money, and the fastest
Loral Langemeier:way to make money is use your brain. And most people don't
Loral Langemeier:know how to monetize their expertise. And everyone, like
Loral Langemeier:you, neuroscience, I have money. Every even a teacher, they could
Loral Langemeier:they could hang out a shingle and be a tutor. They'll say,
Loral Langemeier:"Well, I don't want to. Well, this isn't what you want to do
Loral Langemeier:right now. This is, and I I do believe over time, like you're
Loral Langemeier:living your passion, I'm living my passion. But we all of the
Loral Langemeier:steps we got to be who we are. There were things that we did
Loral Langemeier:along that journey that weren't our passion, you know, role. So
Loral Langemeier:your first businesses to make money just get in business and
Loral Langemeier:just learn to make money, which means marketing, sales, and cash
Loral Langemeier:flow. And those aren't taught. Even my my son is a CPA. He's
Loral Langemeier:been taught how to market being a CPA or sell or understand the
Loral Langemeier:cash flow of his own company, so I do a lot of work with small
Loral Langemeier:businesses, small medium sized businesses. I've I've got
Loral Langemeier:clients that make 100 million, 50 million, 20 million. So our
Loral Langemeier:range of breadth is really high because I have such an
Loral Langemeier:integrated team. It's me and 28 other financial and business
Loral Langemeier:experts that are part of that-that is what integrated
Loral Langemeier:wealth is. Yeah, it's fun,
Carol Register:fantastic. So that number one simplest way
Carol Register:is-it sounds like definitely using your brain. So you know,
Carol Register:mentorship with that, and having a business. Right, number one,
Carol Register:have a business, have a way to make money, and you mentioned
Carol Register:several different ways, several different avenues that you do
Carol Register:it. So, it may not be your passion, but you could be
Carol Register:selling products, for example, like you mentioned, or working
Carol Register:with other wealthy executives. You want to add, keep going. And
Loral Langemeier:like my first, yeah. I mean, one thing too,
Loral Langemeier:though, because you said I'm a money manager. I'm not. I'm not
Loral Langemeier:a manager means I have a license. I have no license.
Carol Register:Yeah, I work
Loral Langemeier:with. Yeah, I I have everybody that's on our
Loral Langemeier:team that needs a license has a license, and I'm not sure when
Loral Langemeier:your friend graduated, but you can have a law and a CPA. You
Loral Langemeier:can have both as of today. I mean, I know today that's a
Loral Langemeier:standard. You can have both, so I don't know what era that he
Loral Langemeier:could have those things. Yeah, but all of you could be a
Loral Langemeier:mentor. All of you could be a coach. All of you could guide or
Loral Langemeier:consult. I mean, a simple example of how to make money is
Loral Langemeier:one by a housewife. Her husband is a GC general contractor,
Loral Langemeier:makes tons of money. She's raised. Kids, he said, I don't
Loral Langemeier:have any skills. And I said, you raised eight kids. What's the
Loral Langemeier:one thing you're most proud of? And she said, Well, I had one
Loral Langemeier:son who was had autistic tendencies, and I researched and
Loral Langemeier:came up with a nutrition program, and it's so good. It's
Loral Langemeier:just everybody in my family's on it. And I was like,
Carol Register:wow.
Loral Langemeier:Then write a cookbook. She's like, but
Loral Langemeier:anybody could do that. I said, you don't understand. Busy
Loral Langemeier:people want consolidation. If you're willing to do all that
Loral Langemeier:research and all that homework and come up with the recipes
Loral Langemeier:that really has reduced his autistic tendencies,
Unknown:yeah,
Loral Langemeier:there's such a need for that. Go like create an
Loral Langemeier:online recipe book. Whatever you do, put it up online. She had no
Loral Langemeier:idea how to monetize it, but she had. I mean, everybody has
Loral Langemeier:something. They just haven't thought. How do I make money
Loral Langemeier:with this skill with this thing, and my transition out of
Loral Langemeier:Chevron, right? Because I lived the corporate life, Chevron did
Loral Langemeier:all that fitness. Is I called Bob Proctor, 1995 96, and I
Loral Langemeier:said, I'm just I'm done with that. So he introduced me to she
Loral Langemeier:was I went to work on a contract to be the master distributor of
Loral Langemeier:the game for Robert and Sharon and the rich dad poor dad brand
Loral Langemeier:for cash flow, and then so that. But I share that because that
Loral Langemeier:gave me the the umbrella of the rich dad poor dad brand. I got
Loral Langemeier:to see their marketing department. I got to see their
Loral Langemeier:sales department. I got to see their accounting department. I
Loral Langemeier:got to see their distribution, their wholesaling. I saw
Loral Langemeier:everything.
Carol Register:Then
Loral Langemeier:when I became a million in real estate in
Loral Langemeier:1999, I launched. So I went not, not not knowing I was going to
Loral Langemeier:stay, but I went there to learn. I went there to make money.
Loral Langemeier:Number one, I made a lot of assholes. So much for those
Loral Langemeier:guys. Yeah. But in also behind the scenes, they weren't
Loral Langemeier:coaching, so I could take on the coaching. So I sold their books
Loral Langemeier:there and started my stuff. So there's a way for all of you to
Loral Langemeier:to walk into what you want to do and have the passion and the
Loral Langemeier:love. But like a lot of you, you're like me. Like and even
Loral Langemeier:when I started Live Out Loud, which then became Integrated
Loral Langemeier:Well Systems, I didn't have any books. I used everybody else's.
Loral Langemeier:I used Bob Proctor's. I still use Robert Sharon's The Rich Dad
Loral Langemeier:Poor Dad stuff. I use Keith Cunningham. I'm sure you DC
Loral Langemeier:Cordova. I use Money and You. So I used everybody else's great
Loral Langemeier:content while I was the person spending time with them. So all
Loral Langemeier:of you, you all have an ability to use other people's brilliance
Loral Langemeier:and combine it into a package called bundling to make you
Loral Langemeier:distinctively different. So you know people who say, oh, I'm so
Loral Langemeier:stuck. I can't make money. You don't want to. You want some
Loral Langemeier:magic wand. Which, by the way, you'll you'll enjoy this, Carol.
Loral Langemeier:Look, I have a magic wand. I love that it doesn't work. See,
Loral Langemeier:because people say, "Oh, you have a magic wand. Yeah, but it
Loral Langemeier:doesn't work. It doesn't have any magic other than the fact
Loral Langemeier:it's just fun to look at and has fun words on it. But a lot of
Loral Langemeier:people think there's this magic wand or this magic, and yeah, it
Loral Langemeier:is. It's another person that's going to inspire you. And you
Loral Langemeier:know, one of the things people ask is, "How did I move so
Loral Langemeier:quickly in my career? Is I always had a mentor. I still
Loral Langemeier:today have people who I pay to coach me and mentor. People say,
Loral Langemeier:"At your level, and I said, "There's always another level.
Loral Langemeier:Yeah,
Loral Langemeier:there's always a distinction. There's always something you
Loral Langemeier:need to work on, and it's being that perpetual learner that I
Loral Langemeier:think I don't think I know has kept me in the game.
Carol Register:Yeah, that I love this so much because you've
Carol Register:given us so much here mentoring. I noticed that right away. What
Carol Register:did you do when you were in that transition? You immediately
Carol Register:called Bob Proctor, and he went and
Carol Register:sat and learned at the feet of an incredible mentor, right? And
Carol Register:you're we're continuing to build your skills as you are today,
Carol Register:because every time we are in learning and we're with a
Carol Register:mentor, we are developing and building skills, which we can
Carol Register:then bring value to the marketplace, and with that value
Carol Register:in the marketplace at scale, we can monetize that. It becomes so
Carol Register:beautiful when we're able to do that. So, building a business,
Carol Register:having a mentor, being able to, you know, fund things in a way
Carol Register:that brings you in the three elements of business that you
Carol Register:mentioned, so that we have the cash flow and we can continue to
Carol Register:grow from there. I mean, it's really incredible what we have
Carol Register:available and using what you have, what your unique abilities
Carol Register:are. If you've raised eight kids, you have managed a
Carol Register:business. I don't care. There's no other way to put that, right?
Loral Langemeier:Family business,
Carol Register:right? And you know that takes budgeting, that
Carol Register:takes planning and organization, that takes systemization. I
Carol Register:mean, you know, nursing, driving all the things, right? So you're
Carol Register:you're well equipped, and you know I love the way you're
Carol Register:making it more simple. You're just bringing things out that
Carol Register:keep it simple for us, and we can really unlock and unlock our
Carol Register:wealth identity and know who we are with the. Ability to produce
Carol Register:in a way that we want to produce. Would you just address
Carol Register:that a little bit between entrepreneurship and corporate?
Carol Register:Because you've been on both sides, and both are great. But
Carol Register:would you have a preference one toward another, or would you
Loral Langemeier:run another order? I the order that it
Loral Langemeier:occurred for me worked because I actually wasn't an employee. I
Loral Langemeier:started my first my first real entrepreneurial venture was
Loral Langemeier:seven aerobics instruction. So I started in the fitness world,
Loral Langemeier:got my business degree, and then continued a master's degree in
Loral Langemeier:exercise physics because I didn't really want to work in an
Loral Langemeier:investment bank. But I hadn't hired enough mentors during that
Loral Langemeier:college experience to really realize what entrepreneurship
Loral Langemeier:was, and it's not taught properly. Mentors teach you
Loral Langemeier:entrepreneurship. Even the schools-they're taught by
Loral Langemeier:business administrative old professors that maybe ran a
Loral Langemeier:little side hustle, but they've never run a multi-multi million
Loral Langemeier:dollar company. So, for me, the only reason I had to become an
Loral Langemeier:employee for Chevron for those years is because I couldn't
Loral Langemeier:afford the helicopter insurance, and I was flying around on
Loral Langemeier:seaplanes and mostly helicopters offshore. Right. So I had to
Loral Langemeier:become an employee. But being an employee is the highest tax
Loral Langemeier:position anywhere in the world. So if you choose to be a high
Loral Langemeier:income earner, you will be taxed at the highest rate. The only
Loral Langemeier:way to take that down is to have your own what I call cash
Loral Langemeier:machine, your own business, so you can activate a ton of
Loral Langemeier:deductions. You cannot just have a whole lineup of passive
Loral Langemeier:income, like of passive real estate. A lot of people who are
Loral Langemeier:big employees think, well, if I have enough passive real estate,
Loral Langemeier:which, by the way, real estate is never passive. A tenant turns
Loral Langemeier:over an Airbnb tenant, you know, wrecks your property. You're
Loral Langemeier:always, you're always going to be active in that. Right. But
Loral Langemeier:it's not enough tax advantage. And then how you really invest
Loral Langemeier:the alternatives. What I mean by that is, you're not going to buy
Loral Langemeier:a REIT on Wall Street. You're going to buy the real estate.
Loral Langemeier:You're not going to buy a Chevron stock. You're going to
Loral Langemeier:buy the oil well in Texas, Louisiana, or offshore,
Unknown:or
Loral Langemeier:you know, yeah, and has a way wherever you
Loral Langemeier:find a good deal. Oklahoma's got some really great deals going
Loral Langemeier:right now too. Line stock, you're buying your own airplane.
Loral Langemeier:Yeah. So when I say the alternatives, you're buying the
Loral Langemeier:asset that gives you the depreciation schedule. So it's
Loral Langemeier:how you make your money. Taxes is really what I call a
trifecta:how you make it into what company that allows what
trifecta:deductions, and then how you invest. That all together is as
trifecta:a strategy, a tax strategy, and we we excel at that. I mean,
trifecta:integration takes a little time because I'll meet clients. Our
trifecta:average client usually comes with a fair amount of money.
trifecta:Some of millionaires, some of them not. I tend to get a lot of
trifecta:widows who have a lot of life insurance going. Now, what do I
trifecta:do? I don't know what to do, and they may not have made the
trifecta:money, or they did make the money, but taxes is what kills
trifecta:them financially if they don't manage it. And you have to pay
trifecta:attention. You can't just kick that out to you know a CPA or
trifecta:some basic tax team, you know most people who who do taxes I
trifecta:call CPAs historians. You hand them your big box of stuff after
trifecta:you did your year, and there's nothing to fix. They need to be
trifecta:with you during the year if they know how to do that. And what I
trifecta:found is a lot of CPAs don't know how to be with you and
trifecta:strategize for a low tax basis, they just document what you did,
trifecta:and that's an historian. That is not a strategist. A strategist
trifecta:is what we do. We strategize forward. What are you going to
trifecta:do? How much money are you going to make? Where do you want to
trifecta:invest? Let's start looking now, and we lay out the plan in front
trifecta:of you, versus worry about what happened behind you. And a lot
trifecta:of people are stuck financially because they're so stuck about
trifecta:what happened in the past, and so I was saying, "It's called so
trifecta:what now? What? So what happened in the past that's not going to
trifecta:affect you now? What do you want to do about it? And then we,
trifecta:then I plan from there with you. Is what do you want to do? What
trifecta:do you want to do to make money? What are you going to do? Our
trifecta:teams will figure out your corporate structure. You're not
trifecta:going to run to the secretary of state and get a an LLC just
trifecta:because you need an LLC, maybe you need an S corp, maybe you
trifecta:need a C corp, maybe you need something else. So we start with
trifecta:a complete foundational. I call it architect. Like we're going
trifecta:to fix the architecture of your wealth building. Then let's go
trifecta:make more money, invest more money, and you use a team.
trifecta:You're not going to do this by yourself. Yeah. If you do, good
trifecta:luck. It's just too much to know and too much to learn.
Carol Register:I love that, and I think it's the rich dad poor
Carol Register:dad principle. You can't be an expert. Well, you can, you know,
Carol Register:if you you maybe super super level, but you know, multiple
Carol Register:years in HR and legal and accounting and you know
Carol Register:inventory or distribution, and that idea that you're captaining
Carol Register:the ship and then going out and having the expertise to help
Carol Register:you, and I love what you brought out about strategy, right? And
Carol Register:versus a historian, it's exactly what it is. You're just handing
Carol Register:your accounting all the documents. And if you're not
Carol Register:sitting and planning the future, then you're not really taking
Carol Register:advantage of all the things that are available to you. And the
Carol Register:thing I love too is, well, the tax code's over 70,000 pages,
Carol Register:and Is I
Loral Langemeier:83,000.
Carol Register:I
Loral Langemeier:big beautiful bill just took it all the way
Carol Register:up. I've been in a situation where talking to 10
Carol Register:accountants in a row in different countries, 10 in the
Carol Register:U.S. 10 in here in Chile, for example, and they have 10
Carol Register:different answers every time. But what I love about what
Carol Register:you're talking about is that you can go and work with somebody
Carol Register:like Laurel, who has the team, has the expertise, has the
Carol Register:testimonials of the work that she's done and what she's
Carol Register:produced, and so you can know that you're in a good spot
Carol Register:there, and you're actually doing something that you may have
Carol Register:never taken action on before. So thank you for that.
Loral Langemeier:Yeah, and I do a class like the the tickets. If
Loral Langemeier:they go to that link, the I'm sure you'll put it in the show
Loral Langemeier:notes to the Ask Laurel A S K L O R l.com forward slash Carol
Loral Langemeier:Register. I have two tickets. It's called the Millionaire
Loral Langemeier:Intensive, where, like, there's just a two-hour period in the
Loral Langemeier:beginning where I talk about how your company makes money, how
Loral Langemeier:you do those deductions. Like, I basically give you a blueprint
Loral Langemeier:of how you can reset your foundation. Then, I mean, then
Loral Langemeier:those who really want help then continue to come forward, have a
Loral Langemeier:one-on-one session with our team. So you're going to be
Loral Langemeier:offered that, and if you want our teams to help because we're
Loral Langemeier:integrated, and then you know Carol, I'll have those people
Loral Langemeier:who will go off on their own and say, "Well, I'm going to find
Loral Langemeier:one of all the people she has, and then they'll try to
Loral Langemeier:quarterback it. And but they don't have enough experience, so
Loral Langemeier:then they'll come back a year or two later. So I should have
Loral Langemeier:joined, or I should have got your help because I tried it on
Loral Langemeier:my own, but I didn't know what I was doing. Because at some
Loral Langemeier:point, you, the entrepreneur, like I'm speaking to everyone
Loral Langemeier:listening to this broadcast, you need to be the one focused on
Loral Langemeier:making money and investing money. Those are your two
Loral Langemeier:choices. Everything else, our teams will surround you and help
Loral Langemeier:get stuff done with and for you because it's too much to do and
Loral Langemeier:you don't have enough expertise
Carol Register:when you're focused on the marketing, the
Carol Register:sales, and the cash flow. That's your role in your company, so
Carol Register:that your company can flourish and grow and be an actual
Carol Register:business. I don't remember what the exact statistic is, but I
Carol Register:believe it's over 95% of businesses don't last 10 years
Carol Register:or fail within 10 years, and that's something to take very
Carol Register:seriously because your expertise is out there. It is available
Carol Register:for us. We can go get it. Yeah.
Loral Langemeier:So again, go to the link and get my book.
Loral Langemeier:Read up to chapter three. Do a gap analysis. You can always
Loral Langemeier:call our office 775588 9200. Ask for a one on one session, or the
Loral Langemeier:gap analysis in the book will guide you back to a one on one.
Loral Langemeier:And that whole one on one is really to help you identify your
Loral Langemeier:gaps and where you are. And then from there, then we give you two
Loral Langemeier:tickets to attend an event. The next one's august 6, so
Loral Langemeier:hopefully we're airing this before then. If not, the first
Loral Langemeier:Thursday of every month we do an event, and we'd love to have
Loral Langemeier:you. And it's a free event, so you can come and start learning
Loral Langemeier:where your gaps are, what you need. And I've never met anybody
Loral Langemeier:that doesn't need something in their plan.
Carol Register:Right, exactly. Thank you, Laurel. So, just to
Carol Register:repeat that one more time: reach out to that phone number, get a
Carol Register:one-on-one, find out where your gaps are, read the first three
Carol Register:chapters in. Hold up the book again, so we can see that the
Carol Register:millionaire maker. She's known as the millionaire maker. Then
Carol Register:also you will be able to receive the tickets for August the
Carol Register:sixth. the the incredible the incredible intenses that you're
Carol Register:having, so that we can come in and we can really begin to grow
Carol Register:and do things quickly and easily in ways we may not have
Carol Register:considered before, and that's the part I really love. I can't
Carol Register:wait to have you back on. This has been absolutely amazing.
Carol Register:Thank you so much. I'm super honored, and let's start to
Carol Register:apply what Laurel Langevier has shared with us today. Ciao for
Carol Register:now.
Loral Langemeier:Thanks, Carol.

