This is a special episode where Loral Langemeier gets interviewed by Alexander of Measurable Genius. Loral is known as The Millionaire Maker, she is the author of five New York Times bestselling books and she has written 42 total. She teaches people how to make money. She walks the walk, because she is a self made woman who grew up on a farm in Nebraska.
She always thought that she thought differently, and things started to fall into place when she discovered Think and Grow Rich. This was her first pivotal book about the possibility of getting rich. It was a conversation that made sense to her. She was tired of hanging out with the people who were doing things the old way.
She was never excited about having a job, and she never wanted to be that person. Today, Loral shares her journey and how she started it. Alexander and Loral talk about the importance of pivoting, having the right belief systems, learning, finding mentors, and the power of confidence in this eye opening interview.
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Show Notes
- [02:01] Loral was a personal trainer and aerobics instructor working her way through college. She raised her rates. Then she got certified after someone asked her about it.
- [03:27] She majored in finance and then got a masters degree in physiology. She worked at a bank, and noticed there wasn't a fitness center. They gave her 20 Grand to build a corporate fitness center. She became an expert at helping building corporate fitness centers.
- [04:52] She saw a need and just kept giving.
- [05:19] Powered people work with what's real right now.
- [08:05] As a kid Loral was pushed. She still has the school record in 440. She learned to take on challenges and succeed. She played five instruments. In college, fitness was her thing. The finance degree help with corporate fitness.
- [10:26] Most people set goals that aren't achievable and then go and try to live someone life. Achieve and win your goals.
- [12:31] Loral seeks help and finds mentor. She found Bob Proctor when she was 20.
- [14:13] The fastest way to learn is to get close to the person that you want to be like. Focused and uninterrupted builds the best support.
- [15:47] A lot of people spend time on low priority bullshit. It's a never ending value spiral.
- [19:20] How to escape from being ran by your business. Investing is critical. It provides a path to cash control.
- [20:34] Companies make money. Operate out of an entity. Incorporate properly and maximize taxes.
- [21:39] Sometimes people hire who they can afford as opposed to who they need.
- [25:21] It's important to communicate to entrepreneurs that I'm facilitating your experimentation without the context, of your business, product, brands, and personalty.
- [27:36] Get clear and responsible about what your goals are.
- [28:25] People have a fantasy about entrepreneur. The minute a business owner is done serving, entropy takes over. There is a function in the universe if you care.
- [29:55] You have to put in the work.
- [30:11] Everyone who is successful all has bad things said about them and challenges. Even the most successful people.
- [32:47] I lived in great places and then started investing. Then I lived in Manhattan Beach. I invested where I wanted and lived where I wanted.
- [33:59] Businesses grow the most when you hire people to do what you don't want to.
- [34:32] Loral loves selling, teaching, and marketing.
- [35:44] We can only focus on three things. Be accountable to what is important. Spend time in higher level thinking.
- [37:05] Traveling and visiting different cultures widens your perspecitive.
- [37:32] Trust yourself. Whatever it is you create it.
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