Loral Langemeier’s The Millionaire Maker

July 4th, 2006 | by User Imagembhunter |

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

In the never-ending parade of books on how to give your finances a makeover, jump-start your net worth, etc., it’s difficult to find something new to talk about on the subject. The Millionaire Maker is next in line, perhaps, but with enough fresh looks and enough guidance on question-asking to be worth a look. As with all financial advice, though, it’s just that — advice — and it needs to be considered carefully.

The book goes through several case studies with Langemeier’s coaching of several clients. These case studies span the spectrum of financial well-being, from people with lots of debt to a couple threatened with job loss to business owners with a little work to do on their finances. The initial questions she asks of them are the same:

  • What is your monthly income?
  • What are your monthly expenditures?
  • What are your assets?
  • What are your liabilities?
  • What else? (Asked to get clients to dig for other assets.)
  • What do you want? (college savings, retirement, more income, more equity …)
  • What skills do you use to make money?
  • Are you willing to create and execute the Wealth Cycle process? (”Yes” is the only correct answer!)

This gives the where-are-you-now and the where-do-you-want-to-go picture — certainly a good thing to do.

Now, how you get to where you want to go is up for interpretation. Langemeier’s advice on how to get there is very take-charge and aggressive financially. She advises that her clients lead their wealth creation rather than “parking and praying.” Some of the actions she recommends:

  • Tapping into home equity
  • Starting a business
  • Real estate investment
  • Transferring previous employer retirement accounts into a self-directed IRA
  • Setting up LLC, S corporations, trusts, etc. to protect investments and businesses
  • Assembling a team of professionals to make this all happen

These are taken out of context of the situations of the individual clients, of course, but this definitely isn’t “save 10% of your income for 40 years, behold the power of compounding, and retire in comfort.” It’s pushing the coach driver off the buggy, grabbing the reins, pulling with all your strength to get the horses to go in a different direction, and hoping that you can control them before they run you off a cliff. If you can control it in time, you’ll benefit. Otherwise, you’re in deeper trouble than you were before.

The flavor I got from this book was the same flavor I got the times I watched “Clean Sweep.” In case you’re not familiar, this show gives “organization makeovers” to people who have been consumed by their stuff to the point where it’s affecting their lives. The Clean Sweep Team comes in, takes all of their stuff out into the front yard, and a professional organizer forces them to pare down what they own and sell it, toss it, or give it away while another team re-organizes the interior to make things more conducive to organizing.
In this way, Langemeier comes in, surveys what you have in the way of finances, and often advises you to throw away a lot of the vehicles you may have invested in favor of others — mostly ones that place you squarely at the helm of its success or failure. Just like in Clean Sweep, the arrangements you have are quite different than they were before the makeover.

Regardless of how well-meaning or how beneficial the changes are, a few things happen:

  • The new arrangement will take some getting used to because it’s unfamiliar.
  • You have to move forward with the new arrangement, because going back is just as costly.
  • Old habits die hard. (I wonder how many of those people who had the organization makeover have slipped back into disarray?)
  • The person who orchestrated the makeover is on to the next client.  This is not to say that they don’t care or don’t want them to succeed and benefit, but the coach can’t be on the hook if they fail.

The last point is something to bear in mind with anyone who advises you. At the end of it all, it’s your money, your finances, your financial well-being, your credit rating, and your affairs. If going into business for yourself scares you, then don’t, or at least start slowly so you can get unscared! (In this case, certainly don’t borrow against your house to start one up!) If you don’t understand self-directed retirement accounts, then keep things where they are until you do. Going too far out of your comfort zone can be disastrous. Throwing away your beer can collection is one thing; going $100k into debt to invest in real estate or to start a business is quite another.

Having said all of this, though, there are some powerfully good points to the book if you’re ready for them. She reminds you throughout that accountability for everything eventually rests with you, so she addresses repeatedly that you need to know what you’re doing so that you can take advice as advice and not be led by it.

After reading the specific applications of her Wealth Cycle procedure to the clients, starting with Chapter 10 there is a good outline on how to ask yourself the questions that need asking.

  • Determining your financial baseline.  Some good specific advice in Chapter 10.
  • Determining your vision for where you want to go.  This is separate from milestones along the way.
  • Determining your team members and how to lead them.
  • Conditioning yourself to lead your wealth creation.
  • Teaching your children how to do this.

All in all, The Millionaire Maker emphasizes active leadership of your wealth creation, and if it’s lacking in detail in certain places it’s because she cannot answer all questions about where you want to go before you’ve asked them yourself!  And she shouldn’t.  It’s a good starting point to your own question-asking.

Rate this:
2.5

  1. 83 Responses to “Loral Langemeier’s The Millionaire Maker”

  2. By Brion on Jul 8, 2006 | Reply

    If you’re still not sure about purchasing the book after reading this review, check out my site. I’ve partnered with Loral’s company, Live Out Loud, to offer a FREE eBook preview as well as her MP3 audio book tour. Go to http://www.financialfitnesspro.com/products.

  3. By Don't Buy on Jul 24, 2006 | Reply

    Do not plan on ever doing business with this company. I call it fraud. Phone soliciting program. This is just like Amway sales.

  4. By Not A Plan on Jul 24, 2006 | Reply

    Do not buy this crap. She has taught her phone solicitors to hound everyone who reads her book for ever, if they call me again, I am going to file a law suit against her company.

  5. By Retired in 5 months on Jul 24, 2006 | Reply

    What a waste of money. This is just another hard sales group, who works like a bait & switch. I call this fraud. Save your money. Read all the other books at a book store and stay away from this hype.

  6. By Do you wounder on Jul 24, 2006 | Reply

    Have you ever woundered why all the top 4 reviews are so great? She would not want real people telling the truth. Don’t buy this crap. Go anywhere else for quality information.

  7. By Amy on Aug 15, 2006 | Reply

    The guy refused to tell me up front the cost and fed me a line of garbage about value. Then he told me to leave my family behind if they weren’t on board. BULLSH*T! Then a higher up girl called and told me the guy was on vacation. I told her what he said and she said he was no longer there. LIAR LIAR PANTS ON FIRE! I agree with the negatives here - look elsewhere and file a lawsuit if they continue to harrass. I PLAN TO!

  8. By Jesse on Aug 31, 2006 | Reply

    Robert Kiyosaki organization and Loral Langemiere’s are exactly the same. Their books are the trap doors, you step over to grab it, next thing you know you’re surrounded by the flying monkeys from OZ. Babbling and grabbing at you in an attempt to get your wallet. Run while you still have a dollar attached to your name. I was invited to the “Big Table” at a cost of $17,500.00 for the priviledge to sit with Loral herself. She can kiss my ass.

  9. By Richard on Oct 4, 2006 | Reply

    I’m surprised at the venom in each of these comments. “Not a Plan” says she will file a lawsuit if she ever gets a call again, yet fails to mention she ordered the book, FREE, from Loral’s advertisements. What did she think, it was a charity event? It’s a marketing device. You get a free book (which by the way sells at Amazon.com for around 20 or 25 bucks) and then you get a call from a company that knows you are interested in their product.
    I’ve dealt with groups that have better nicer more professional sales people than what it appears Loral has, based off your comments. (My experience with them was much more pleasant) However, a nice pleasant salesperson has never in my experience negated the fact that the product they were pushing was crap. However, if I dealt with a pushy mean ignorant salesperson, I could see where you’d have a hard time seeing past it to recognize the incredible value that Loral has. She is the most genuine article I’ve ever experienced, and her company has done wonders for my personal finances. In 6 months I increased my income from 25K per year to 120K yr. I’ve never made this much in my LIFE! Quitcherbitchin people.

  10. By naijaman on Oct 23, 2006 | Reply

    Richard = paid stooge.

  11. By Alex on Oct 24, 2006 | Reply

    Has anyone been to the Big Table program?

  12. By Richard on Oct 31, 2006 | Reply

    lol- that kind of cynicism is why you’ll never get to this point in life. Let me tell you, the view is a lot better from up here.

  13. By Caroline on Nov 27, 2006 | Reply

    I called the 1-800# to inquire about the book in the ad on the radio. Its not really free, its 6.95 for shipping and handling, and its just an intro book with no usuable information to get you to buy the CD set. The guy explaining Loral’s book and program was friendly and long-winded. I decided I didnt want it but there seemed no nice way to get him off the phone since he spent so much time explaining it to me. I hung up on myself midsentence. The guy called me straight back when I hadn’t told him my phone number and actually cloaked my number when I called in. SCARY! I felt like I was being stalked!

  14. By SouthernGuy on Nov 30, 2006 | Reply

    I am so utterly surprised by the bitterness in this forum…Yes, the FREE book is a marketing campaign. Is it really that hard to tell the people on the other end of the phone in a polite, but forward way, that you’re “NOT INTERESTED”? Tell them specifically you never want called back, and I’m sure they won’t (the laws on telemarketing are too harsh to mess around with). Being called back after blocking your number?…Well, as soon as I got on the phone they asked for my number in case we got disconnected. Perhaps they asked and you Caroline and you just forgot…As for the book, it’s OK. Definitely not the best, but it puts lots of things into perspective, especially for people who have just started looking to change their financial status. I am 22 and make over $60K a month thanks to “crap” (as Not A Plan says) like Loral Langemeier’s books and programs (see EasyDailyPaycheck.com). Most of the people who have been so negative here are probably stuck in their 9-5 jobs hating life, and being cynical about everything in the world, not just Loral Langemeier. I have personally invested thousands of dollars into “crap” like Loral Langemeier’s products, but I would say I have had a rather signigicant ROI. I plan on joining one of Laura’s big tables, and will be back to post my results (even though it may take a year). I hope that I have not offended anyone, and if I have, I apologize. That was not my intent (although I myself was perhaps too straightforward). If people would practice just a little faith though, and invest in themselves, they would see that life is meant to be lived abundantly. The Millionaire Maker is a good point for anyone to begin looking at changing their life, but it MIGHT NOT BE FOR YOU to continue w/any Langemeier Programs. If so, try being polite to those who have chose to engage in Loral’s Programs, and hopefully you’ll be blessed in whatever it is that you personally choose to persue in life.

  15. By Long Time Loral Client on Dec 7, 2006 | Reply

    AMAZING!!! I am amazed at how many people have such negative comments — I am one of the case studies in the first Book and am acknowledged in both books — I have worked with her for three years and in that time have gone from almost 0 to over $1M, now own 3 cash machines, have significant passive income from real estate and gas and oil and have very advanced tax strategies. So for people to say that the programs she runs are crap is flat wrong! Perhaps the office they called after getting a book solicitation was not the best…OK. But it really begs the question — how many naysayers here actually invest, have cash machines, passive income, tax strategies etc….

    I personally compared Loral’s programs to everyone elses — Rich Dad, Robert Allen etc. etc. etc. and her’s is the only one that gives you education, deals, team to help you do deals, caoching from NON-SCRIPTED coaches that are actually millionaires themselves — and a community of people who are like minded from across the country!

    Who else can offer that???

    No one!!!

  16. By get real out there on Dec 12, 2006 | Reply

    I will say this. Initially I talked to one of the wealth coaches and I explained to him where I was financially;and it was not anything
    to write home about.

    I did purchase some audio cds featuring Loral’s training on debt
    management and wealth creation and preservation through proper entity structuring. I followed some of Loral’s advice.
    I created a company name(through which I will eventually buy/
    and/or sell real estate) and I registered that company with my local Secretary of State. (Next year I can write my registration
    fees off as a business expense)
    I went to my local bank, presented my articles of incorporation and opened a buiness checking account with 100 dollars. I received a business debit card and checks with my company
    name. Incorporation is the first step in the wealth building process.
    Some wealthy people have inherited their money but most millionaires have become wealthy by having a goal, executing
    the plan to achieve that goal and by working hard to become
    financially independent. Get rich quick schemes are usually too
    good to be true and more often than not, there are no free lunches.

  17. By Terry on Dec 30, 2006 | Reply

    I have a simple question for everyone: I earn minimum wage and hate my dead-end job, can this book help me?

  18. By Papa Sly on Jan 10, 2007 | Reply

    These reviews were very enlightening. I too had doubts but after reading several chapters of Loral’s book while at the book store and hearing the results that Get real and several others on this blog, I can’t wait to get my book for only $6.95. What a bargain.

    Thanks guys

    Papa Sly

  19. By Walt Hill on Apr 27, 2007 | Reply

    I agree with the folks that warn you to be wary of this organization. I ordered material on a trial basis. After reviewing the material I could see that it was not worth the money they were asking. I returned the material within the required time period. They now claim that they never received the material and they have charged my credit card.

  20. By Do you want to know the truth? on May 1, 2007 | Reply

    I have been through all of Loral’s programs and they changed my life. BUT…

    I don’t believe she is the same person that I met when I started. What Loral is lacking, as most of you say, is exactly how to achieve these goals. She is great at telling you how sexy her ways can be, making you believe that you can achieve what ever she is pitching at the time. The good news is if you are realistic and tone down her message, she will push your scope wider making you realize that more is possible in your life. Here is the BUT again…

    She offers no more additional information in her coaching programs (and I have done them all) than what is in her book. Her marketing and book is designed to bring in the people, and then she has a series of coaching levels she will sell you. Then once you spend the 17k for her big table program, she will try and get you enlisted into her head of the table program that costs 100k a year.

    The details that you get when you are in her Big Table coaching program is 0 to none. She is basically picking what she likes from other books and calling it her own.

    What she does not want you to know is during her Big Table, she has everyone stand up in the room to list their assets statements. I don’t necessary have a problem with that part… it’s when she sits there and makes notes on who has how much cash so she can pull them aside later to try and get at the money.

    I have heard first hand of folks who bought into her real estate projects and trusted her on joint ventures. Some are broke and others are talking about a class action law suit.

    Loral’s not making money on the books folks! In fact she bought her was onto the New York best seller list buying her own books. She is profiting from her coaching program yes… but she is looking for ways through her coaching program to get at the rest of your assets.

    She offers real estate deals and business ventures (to her coaching clients) that seem so sexy at the time. Promising returns that just don’t happen. In fact I can’t seem to find anyone who has profited from any of her deals except for her. I know I have not. The cash flow homes in PA were a flop, the vitamin company is a true joke, there is subdivision deal in MS that is tanking and everyone will be lucky if they get there original money back(3 years later). I think the gas and oil investment with Couch oil is probably the worst. Loral promised 200% return. Pitching it as a cash flow hog. Turns out the cash flow is .5% (the same as a savings account) and if anything is only tax write-off!

    I think it is funny how much she preaches due diligence! I have seen her promote deals from the stage that are not even under contract. I wonder when she will get caught for pooling money for deals, but it has not happened yet.

    And I too know her coaches! She claims they are millionaires but she is really full of it. Most of them are broke groupies who have no other skill set than to promote her work.

    I have seen her go after those with large asset accounts like a vulture and drain them dry because she had convinced them they could turn 100k into 1 mill WITHOUT A PLAN.

    The ones who are not good with money or do not have the confidence or sense to stand up to her get it the worst. I used to respect her but I can see plainly now that her heart is into making money and not helping people change their lives.

    What do you get for your Big Table investment? You get to sit in a room with others who are in the same boat. It is the people in the room that make the difference! I am just not sure it is work the 17k.

    You tell me!

  21. By Alain on May 11, 2007 | Reply

    Beware! A number of Loral’s Big Table members feel they have been defrauded.

    Let me cut to the chase: STAY AWAY FROM LORAL LANGEMEIER’S ORGANIZATION! I joined her Big Table. You have three “in-person meetings with Loral” that she somehow feels that she doesn’t need to attend! The sales claims made on her website are largely fraudulent. Her forum is a venue for selling her members into investments from which she gains a disproportionate percentage, for example, houses in New York for ~$50K that they “only charge a $6K fee” to get you into. Hello! That’s 12% commission in a place where your average real estate commission is 6% AND LOWER! WOW! What a deal! You could pay Loral $12K to join her Big Table, where you’ll still get treated like a kid who’s wet behind the ears and PAY TWICE YOUR REAL ESTATE COMMISSIONS! Or you could buy into Bio-Novix, their wonderful hop-based nutritional supplement, and Loral gets a huge percentage of equity just for getting chumps like us into investing in it.

    WATCH OUT! Let’s just cut to the chase: AVOID LORAL LANGEMEIER LIKE THE PLAGUE. I should have know better when I bought her “Six CD” course, only to discover that her 6 CDs actually had ~15-20 minutes worth of content each, ie. Her 6 CDs had 2 CDs worth of audio content. The rest of her “in-person” program to which she doesn’t even show up is the same.

  22. By An ear full on May 15, 2007 | Reply

    After reading this blog and the comments posted, the bottom line seems to be that the majority of you guys feel like you have been bamboozeled! I was interested in buying Loral’s book after seeing her on a CNBC special called “The Millionare Inside”. Thank you “Do you want to know the truth?” because after reading your post, watching the show, and putting two and two togeather it is clear that Loral makes the bulk of her money through speaking engagements and selling her book! With anything, it is always wise to do your research, have faith, and go for it and most importantly follow your first mind! It seems apparent that Loral’s disclaimer is “Know what you’re doing so that you can take advice as advice and not be led by it, translation - “I’m leading the horses to the water but I didn’t tell them to drink”

  23. By Simone Hardy on May 23, 2007 | Reply

    Wow, I cannot believe what I am reading. This woman has, in my opinion, dedicated her life to helping others get what she has. She didn’t start out wealthy. She learned the hard way what it takes to get to millionaire status and is sharing. If you don’t want to get to the other side of the cash flow quadrant then don’t go but don’t stop others from trying to get there because you are so afraid to move out of your own comfort zone. I am still working a 9-5 and just ordered the free book & CD for $6.95 which in my opinion is a steal. I realized it is a marketing tactic but I wanted the book. I intend to reach millionaire status with Loral’s help and anyone else I can find to assist me on my journey who I believe is sincere and not trying to rip me off. Kudos to Southern Guy and continued success. To answer Terry’s question, Yes, I believe this book will help you if you choose to help yourself. I believe that is the key to success. You have to believe in yourself. Obviously, many of the naysayers do not believe in themselves and do not believe they are worth learning to take the time to invest in themselves. My sympathies to all of you. I don’t like where my life is financially at the moment and I’m willing to learn how to change it. I ordered the book, will read it and learn from and begin my journey. I’ll keep you posted on my success. Peace & Blessings to all.

  24. By Simone Hardy on May 23, 2007 | Reply

    If what Alan posted on 5/11/07 is correct - I’m about to do some due diligence, I may owe everyone an apology. You’ll be hearing from me again. The only reason I’m saying this is b/c he is speaking of all of the investments that Loral has spoken of numerous times on conference calls, etc. and that calls for some clarification. I’ll keep in touch. Simone

  25. By Simone Hardy on May 23, 2007 | Reply

    Hello, I’m back. I did contact my girlfriend who joined the Big Table recently and she said is surrounded by a great group of people who really care about each others success. She said although she is not heavily invested in major projects at the moment she knows of many who are and they are pleased with their success. I trust my girlfriend’s opinion so I feel that I don’t owe anyone an apology. I stand vindicated. According to my girlfriend Loral Langemeier’s legal team comprises one of the nations foremost litigators who sifts through all deals and presentations before it coming to presentation status.

    So I will say again anyone who is willing to invest in themselves stop hating on Loral and all other positive individuals and move out of your comfort zone into the success zone. Have a blessed day. Simone

  26. By Doug on May 28, 2007 | Reply

    My wife and I were heavily recruited after contacting the LL organization. Linda was convinced that Loral was beyond reproach. So we went into a phone interview expecting to hear some detail about her program and what it would cost, etc. Minutes into the interview, I began to smell the snake oil. After some probing about our assets, and other conversation, a second call was arranged for the next day, and we decided in advance that the litmus test would be a request to have our attorney review the contractual agreement and then make our decision. If they didn’t go for that, it would be a deal breaker. We did not want to make an on the spot decision without checking it out. LL calls this “due dilligence” As it turned out, our “due dilligence” was to them, indecisivness. Linda’s narrative follows, which was posted earlier on another site:

    Thank God for the Internet! I am SO GRATEFUL to those of you who posted warnings! Here’s our story.

    I had responded to a radio ad and had sent for the “free CD,” which turned out to be two sets of CDs and one set of DVDs (the latter about real estate investing), which are NOT free, but will cost me $420 if I don’t return them in 30 days. (I will be sure to send them back by registered mail, return receipt requested!) On one of the CDs (”Building you Wealth Cycles”) Loral invites the listener to set up a “free strategy session” with one of her hand-picked millionaire mentors. I e-mailed strategies@liveoutloud.com and was delighted when someone contacted me. But instead of a free strategy session, this person was giving my husband and me this wonderful (or so I thought) opportunity to join Loral’s coaching team. It sounded great, at first. My husband and I were thinking seriously about enrolling in the “coaching/mentoring” program. However, a red flag went up when the person who contacted us (”Guy”) cased us for our asset info, including our credit card borrowing capacity. He was supposedly interviewing us to see whether he could recommend us to the director. He asked us questions that any drunk off the street could have answered successfully: (1) Are you willing to put in 5-10 hours a week to become a millionaire? (He didn’t say how exactly that time was to be spent.) (2) Are you open-minded? (3) Are you teachable? and (4) Are you decisive? Having answered these questions with flying colors (DUH) he said he would highly recommend us to the director of the coaching program.

    My husband and I got to thinking about this. We have been careful not to rack up any consumer (credit card) debt, and Guy was suggesting that we borrow $15,000 from our credit cards to pay the mentoring fee. This would easily be paid back before we accrued any interest, but he didn’t say how this was supposed to happen.

    We decided to google LL on the Internet, having already learned that it’s a good way to find out what other people have experienced with products and services. That’s how we found this site, and learned what some of you have experienced. The alarm bells were getting louder.

    The next day, it wasn’t the “director” but the Vice President himself, Brendan Earl (FANFARE), who called us. He was very aggressive and authoritative, but said that Guy had given us the highest recommendation. We told him that we wanted our attorney to look over the mentoring agreement, and as soon as we got the thumbs up from him, we would be good to go. GUESS WHAT HAPPENED?! (Surprise, surprise!) END OF PHONE CALL! The VP said that Guy should have already screened us for our decisiveness (read “gullibility”) and that he would not be able to invite us into the program. It seems to me that any legitimate organization would encourage people to talk to their attorney before forking over $15K, so we knew right then that something was very fishy here indeed.

    We were warned by the posts on this site, and can’t thank you enough for helping us to dodge a huge bullet. (I wonder how many of the positive posts are from people within LLs organization?) My take is that the mentoring/coaching program is another scam. LL’s organization is counting on people believing what they want to believe, without taking the legal steps they need to to protect themselves.

    To anyone considering this “opportunity” to lose your shirt, just mention a contract or an attorney, and see how far you get!

  27. By Do you want to know the truth? on May 31, 2007 | Reply

    What I find funny Simone Hardy is that you are making assumptions of those of us who are unhappy with Loral. Those of us who have invested several thousand dollars and actually attended her events.

    “So I will say again anyone who is willing to invest in themselves stop hating on Loral and all other positive individuals and move out of your comfort zone into the success zone.”

    I am a muti millionaire who is very successful and a true player in this game of wealth building. I live my life to the fullest and I do not count on Loral for my financial future… Trust me! Yes Loral did inspire me to think bigger.. I will certainly thank her for that but…

    Loral is a cheat and is very dishonest. Once I realized that after finishing the Big table and attending many Alumni meetings… I quickly removed myself from her organization. I have seen the behind the scenes view point and it is not pretty.

    Did you know that Loral recently announced at an Alumni meeting that she is paying out investors on a deal she pitched a couple years back. She has agreed to pay back the 4+ million dollars that her community invested based on her promises. At first Loral’s lawyer said she was not responsible and stated she only referred the gentleman that put together the deal (even though she had a percentage of ownership and owned the land). Her attorney said it was not Loral’s problem everyone is loosing money and the builder seems to be skipping out on the promissory notes he signed. Then the recorded calls were released by a community member smart enough to save the previously recorded call where she had originally pitched the deal. In this recorded call she promised big returns with unrealistic ROI trying to raise the 4 million for the project. Then the rumors of a class action lawsuit began to swarm and members of the community were being contacted by a legal firm. All of a sudden she says she will give everyone back their original investment 3 years later with no interest. I think Loral could of done jail time or “Martha time” as she calls it because she was illegally pooling investor money. Keep in mind I have behind the scenes knowledge of this deal.

    I just wonder what she will do when all of the other bad deals start to collapse. The problem with Loral is she does not follow her own advice and properly paper deals. Her due diligence is a joke. I have seen her pitch deals that were not even in contract let alone due diligence completed. You should not assume that just because she is pitching the deal it is solid. In fact the real investors in the community can immediately identify that the deals she promotes are crap for ROI. You know who makes $$?….LORAL. Who do you think gets the first cut? Hmmm looks like she did not do her due diligence!

    I think it is a huge conflict of interest to coach people to create wealth and then push them into her own deals where she profits. This is where she is different from Robert (Rich Dad Poor Dad) and why she will eventually crash and burn.

    I am not posting this to gossip. I want people to know what they are getting into because I personally know of three folks who are currently in short sale and bankruptcy because of Loral’s advice she provided WITHOUT a plan.

    Just because she costs a lot of money and has a fancy book does not mean she is going to make a positive impact in your life. Don’t let the smoke and mirrors fool you. It is marketing folks! I would not assume the negative comments are from folks who are blaming Loral for everything!

    My judgment of her is based on many years of close behind the scenes contact with her watching her manipulate people just to get at their check books. Really why would you put 15k on your credit cards to grow your wealth? Seems like if you were that broke you should focus on a reserve account (Loral calls it a wealth account) first.

    At her last coaches training she required her coached to tell all of her clients to leverage their houses to the max and design a wealth plan for each client on the best case scenario. Shit happens and if you don’t plan for it before you invest you will get burned. She has no plan….. just sexy ideas. I wonder where she will locate the 4 mil+ in cash to keep her community quiet about the Trinity Homes deal in Michigan.

    Loral you always tell us you get back what you put out into the world. Girlfriend it looks like you were right! I hope you get a clue and wake up and pay attention to the lives that you affect with your crappy advice. You should be more responsible! Quit thinking short term and look at the long term affects of you advice!

    Simone Hardy give your girlfriend a couple sessions and then check back with us as the smoke and mirrors wear off. I am pretty sure what she will say!

  28. By PK on Jun 3, 2007 | Reply

    Thanks to all for the posts (especially ‘Do you want to know the truth?). I have been contacted by the LL organization and I too smell snake oil. They almost had me but something in my gut told me that their pressure tactics were too much like the movie ‘The Boiler Room’. After my original contact at LL ‘left the company to continue his wealth plan’ I was moved to a Director. He was friendly enough but was very high pressure and wanted to know more and more about my assets.

    It’s too bad because there are a lot of us out there who could really use some coaching like Loral talks about in the book. Needless to say I won’t be sending a check for $17k. Good luck to others.

  29. By j on Jun 7, 2007 | Reply

    Wow, Thanks everyone. I am expecting a call from Guy tomorrow.
    I dont think I will be going on. I will, however use what I can from the books and cd’s and return them.

  30. By Almost sucked in on Jun 10, 2007 | Reply

    We got the “asset phone call” today. The lady was friendly and encouraging and trying to get us all excited about what LL could do for us. Until she got to our assets and realized we did not have 17k to give them and then all of the sudden she was done talking to us and didnt want anything to do with us. HMMM…something isnt right. Thank you everyone for your warnings!!!

  31. By Linda on Jun 17, 2007 | Reply

    I find the pro-LL rhetoric interesting. Notice that the language the people extolling LL use all has to do with self-esteem and a willingness to “go beyond your comfort zone.” The idea is that only losers who are total self-hating cowards would not jump at the chance to get sucked into Loral’s program. Give me a break — this is classic psycho-babble! It is quite vague, and has absolutely nothing to do with economics or finance! I’m sorry, Simone Hardy, but I think if you’re going to walk around with your head in the clouds, you’re a lot more likely to step in a big pile of horse you-know-what.

    Good luck, and let us know how it goes. If you end up sipping champaigne in a castle in the south of France, I’ll eat my words.

  32. By Carlos on Jun 20, 2007 | Reply

    OK, so I am reading these posts because I got off the phone with Bob Runk, from the LL organization about two hours ago. I had done the Kiyosaki coaching in the past and that was a waste of time in the sense that it did nothing but reiterate what was in the books.

    I read these posts and know enough that a lot of people do like to point the finger at someone or something for their failures. I then read the stories of success. And wonder who are they, where are they? IF (according to Bob) the success rate is 99% and “only 200 or so people are selected every year” how can their be such an overwhelmingly negative sentiment?

    As a professional (biotech) sales person, I am aware of the language and the way Bob asked his questions made it very obvious he was “leading” me and my wife. With that said, I don’t fault anyone for being a good sales person as we all sell in our daily lives. If you have a job or are married then you have sold yourself at t minimum.

    What I am looking for is the “network”. I have been trying to build a team and invest in real estate for the last 2 years now. I have traveled to Oregon, SC, FL, AZ and other states to look at areas for investment and due to the crazy RE market it has been impossible for me to find anything that cash flows to even get started. I am now in the process of learning about Lease/Options (I had read and heard about this “vehicle” from a couple of books and a profession re investor) and would like to find a couple of people to work with, to add to my “team” if you will.

    We were hit with the sum of $22K to join the “aggressive” program as I have some rather major changes in the next two years that could force me to sell my family’s home and down size. So I am a bit anxious and have a sense of urgency.

    If any of you out there are willing to actually talk to me live about your success or lack of with the program and be willing to answer my questions I would be very grateful. I know that this is a team thing as it is simply common sense that no one individual can do it all alone, but I just want to know who is for real.

    Email me and I will send you my cell phone number:
    criquinha942@yahoo.com

  33. By Complete Scam on Jun 20, 2007 | Reply

    Unforunately for me, I have a family member who has been sucked into these scams more than once. It is really sad to see. He has been in this one and prior a now bankrupt bible thumper.

    People - please do not fall for these scams. Surround yourself with people who have made it. See what they are doing. But don’t go forking over 17,500. That is money you could have invested yourself and not given to a scam artist.

  34. By Art on Jun 20, 2007 | Reply

    As with any company offering you an “opportunity,” you must always ask how that company is making its money. It usually comes from the opportunity seeker — i.e., you. If you feel that you will be more prey than partner, walk away quickly.

  35. By Jeanette Riley on Jun 20, 2007 | Reply

    My story with Lorals company is different than the rest, maybe it’ll shed some light on some of the confusion. I ordered a cd from Loral off the radio and then recieved a call from a company called premier. They were rude and pushy. Premier continued to call my husband and I over and over untill I threatened to sue them. We were still interested in Loral and her philosophies so I went on her website liveoutloud.com and signed up for a news letter. I of course recieved a call from another sales person, but this time was much better. His name is Nick Upton and he was very genuine and patient with my husband and I. We learned that Premier is a seperate company from LiveOutLoud, and Nick actually worked for Lorals company. We signed up for the cash machine workshop which was $3000 for both of us to attend, we made $1200 at the seminar and took orders for $900 more. We have since built a very successful business and plan on signing up for more coaching this week. It is a lot of work and accountability is really priceless. This month my husband was able to leave his w-2 job making way more money than he was before. Loral is simply amazing and we owe our success to her. I told Nick I would refer him to anyone interested so if you want to work with somebody real call him. (415)475-4907 Hope this helps dissolve some of the negativity surrounding Loral

  36. By Linda on Jun 20, 2007 | Reply

    How, exactly, did you make $1200 at a seminar that you attended, plus $900 worth of orders? Also, If you spent $3000 on the seminar, and made $2100, you’re still $900 in the hole, unless my math is way off. WHat kind of business are you in? Forgive my skepticism, but this is exactly the vagueness that my husband and I got from LL’s people.

  37. By Jessie on Jun 21, 2007 | Reply

    Well I got this in the snail mail today and thought I would go here on the web to check it out. Well after reading all the negatives about this I will stay away from it too.
    Sorry Loral you will have to make it better for me to get envolved.
    Sincerely,
    Jessie

  38. By Gene on Jun 21, 2007 | Reply

    I want to thank all of you that have shared your experience with LL both positive and negative. I’ve read her books which have some good ideas and “steps” to break out of the JOB cycle. However, the hype of getting into a wealth cycle at breakneck speed is unrealistic and that is when my “gut” feeling (I’m her cash machine) kicked in. I will continue to educate myself and learn to earn but at a sensible pace.

  39. By Healthy Skeptic on Jun 29, 2007 | Reply

    Art summed it up best (6/20/07). If someone like Loral (or any financial guru) is really independently wealthy and interested in helping others get there, too, then she should have no actual need to charge exorbitant fees for seminars or coaching or CDs or anything else. She’s supposed to have already made her wealth from the methods she’s teaching. Anyone who’s charging that ridiculous kind of money for advice is making their livelihood off that very process, not off the pie-in-the-sky dream they’re selling.

    In fact, to follow the argument to its logical conlusion, if her methods are truly surefire then she ought to offer her services up front for free, or at the cost of materials only, then take a set small percentage of your profits (not your pre-existing assets!) off the back-end after you’ve become successful, to cover her expenses and salaries and such. But only a small percentage since she has no need to make her living off of those she’s supposedly trying to help.

  40. By Realistic on Jun 30, 2007 | Reply

    In response to Linda…

    The Cash machine Workshop that Jeanette and her husband attended is better described as part seminar, part marketplace. The last part of the event is a “marketplace” that allows you actually apply what you’ve learned over the course of the event into action. So you have the chance to promote and sell right there. Take the order and payment/deposit, and ship it or finalize it when you get back home to your business.

    So while the event cost them $3000 (not counting the expense of travel, hotel, meals, etc), they made $2100 in sales and orders. That’s not bad considering she only had a few hours to do it. Suppose they could get that as a daily average over the next? Not likely? How about HALF of that? That would still be a quarter of a million dollars in sales.

    But let me cut to the obvious that I think a lot of the venom spitters conveniently overlook. But in fairness, let me admit upfront that I don’t know what these people have gone through. I do believe many people are totally unrealistic in their expectations and their motivations, and I believe they pay for them. But the thing I think that’s important to remember is that not every opportunity out there is for everybody. People should know this as a basic truth, but there are disclaimers everywhere in our society about every thing we seem to see, touch, feel or do that say otherwise. And by the way… it shouldn’t be completely dismissed that some people DO in fact go through the program completely unscathed, and come out very successfully.

    Not to be rude or condemn anyone, but since we all have our opinions I think the “due diligence” of scavenging for the dirt on a $25 book investment is pretty lame. If you can’t afford $25 bucks, well hell… what are you doing? Bootlegging your internet connection?

    And this epidemic of thin skin with telemarketers? Pathetic! Just say no thank you and be done. Why are you whining about rude or pushy callers? You don’t have to talk to them. You don’t have to threaten lawsuits (because both sides know you won’t anyway).

    By the way, if you call a TOLL-FREE number, SOMEONE ELSE is paying for the call. You THINK it could be the party you’re calling? The phone company has to give them the numbers for all calls… nobody is “stalking” you. How silly!

  41. By samrrye on Jul 3, 2007 | Reply

    If it sounds too good to be true, it probably is.
    If you want to learn about how to be a millionaire read the Millionaire next door and books like it. Even Rich Dad, Poor Dad has some good advice on attitude etc.
    Bottom line: There are hundreds or thousands of these people trying to make money, many of them want to use your money.
    How many of them really care whether or not you make a million dollars? How come in almost every case, you have to buy something oftentimes with some hidden or deceptive charges?
    Stay away from these people. You are not going to get rich quick unless you win the Lottery and the odds on that are astronomically stacked against you. The rich don’t play the lottery do they? They pay cash for almost everything. They live well within their means. They have savings for retirement and life’s emergencies. You can do the same time, but it takes time and patience.

  42. By KC on Jul 11, 2007 | Reply

    I looked over the ll mailer that came today, then googled it. These things always catch my interest. ( to see how to make millions in no time doing practically nothing) for 5 years ages 22 to 27 I did a whole bunch of them. I was even a coach for a similar company that did real estate (john Beck)coaching and do your own .com coaching i was on the .com side it was rough when people had maxed out their credit cards in hopes i would solve their financial problems, because the stupid salesmen would promise them anything to get the credit card number. By the way there are usually two, a setter and a closer the closer is the pro the setter is basically training to be a closer. Where i worked you could not park in front of the building if your car wasnt worth at least 60k. My buddy parked his geo metro in front and they made him move it. It is all about how it looks. most the money goes to the sales guys. I got paid $2500 a month. I should write a book about it and sell it. Ha ha ha… Anyways I have learned alot. I could tell you my life story but, I dont have time. The two books that helped me the most are “rich dad poor dad” by Kiyosaki. and “the richest man in babylon” by george s. clason. It is not the stories it is the principles that you must follow. No book or other person can do it for you. once you have the principles only you can fill in the details with your committed action. good luck.

  43. By Asmodeus on Aug 16, 2007 | Reply

    The more things change the more they stay the same. That’s how the saying goes. This is the case with LL and her operation. She is nothing more than a sifting machine looking for people, by using her ’sales force’ front to see who is a potential whale that can be drawn into the fold for investment purposes. The wealth cycle is one way, from you to LL. I’ve researched the operation quite a bit and the one question that always pervades my research of internet scams, radio and tv solicitations is that why would someone who has already created a ‘wealth cycle’ for themselves cast out a fishing net for people to buy the information.

    At every stage of the screening process, from salesmen to the directors, to LL herself, you are being assessed as to you the wealth you can extract from your own assets to hand over to LL for ‘investment’ purposes, whether it’s her own investment vehicles or ones that are ‘recommended’ with outrageous returns. All the buzz phraseology is there whenever I hear the red flag go up. From the websites to the sales pitch as Doug and his wife put it, “(1) Are you willing to put in 5-10 hours a week to become a millionaire? (He didn’t say how exactly that time was to be spent.) (2) Are you open-minded? (3) Are you teachable? and (4) Are you decisive?” RED FLAG, RED FLAG!!!

    You need to interpret this lingo for what it is. #1 Are you willing to put in 5-10 hours a week to become a millionaire? - Bullshit, I know a lot of millionaires who spend 10 times that amount getting to where they have been as millionaires and nearly that much time making sure the government and people like LL don’t take it away. No one spends 5 to 10 hours a week and becomes a millionaire. It’s sheer nonsense. #2 Are you open-minded? - meaning, are you easily influenced into taking suggestions as to who and how your money should be directed from the instructions you receive from LL or a salesman. In other words, are you a big fat dope? #3 Are you teachable? - what does that mean, I’ll tell you, it means after you’ve been suckered into LL’s plans can you find other suckers to lure in once you are hooked? #4 Are you decisive? - translation, will you always say yes to anything LL or one of her flunkies says?

    That’s the long and short of it folks. I know some of you on here are sympathetic to LL’s game, but if she was really honest about it, then maybe she could endure a little transparency into her operations, no? If she can’t even go that far, then she is just another in a long line of internet, tv and radio get rich quick scammers. She just does it a little differently that’s all.

  44. By Charlie on Aug 17, 2007 | Reply

    I am just about to get a call from the closer, and I thank you all for saving our life savings for us! I did get a lot from the book but if I can’t buy into a network of attorneys, RE agents, mortgage brokers, business gurus, etc., then I don’t see any use to the program beyond the book. Thank you, thank you so much.

  45. By Linda on Aug 23, 2007 | Reply

    In Response to Asmodeus: You are right on the money!! This forum would make an excellent case study for my daughter’s upcoming “Critical Thinking” class. Anyone who can read between the lines like Asmodeus does will not get suckered into a scam. Those like “Realistic,” unfortunately, are not.

  46. By RDK on Sep 5, 2007 | Reply

    I am curious regarding the Trinity Homes investment mentioned earlier in this blog. Does anyone know where I can find details about it?

  47. By Phil on Sep 9, 2007 | Reply

    Hi, my name is Phil and I live in Utah, I was convinced by lorals associates to take out a home equity line of credit for the amount of $23,000.00 for my wife and I to join her program, where I had been out of debt for over 15 years.
    My story is just like the other negative stories told here, and I`m not very happy with the results of the program thus far.
    My question is, does anyone know of any lawsuits going on?, I would love to end the program now and of course the company wont discuss anything about refunds, even for parts of the program not used.
    Has anyone done the research as to what areas of fraud for her mentoring sign-up or program has been commited etc.? or remedies. With us it went on just like Doug said with so called millionaires making you believe that you will be earning your money back very shortly, and that to take the money out of our home would be no big deal, and to not worry about it.

  48. By Agent on Sep 12, 2007 | Reply

    Thank you guys for all this information. I just got a call from LL’s company trying to get me to join the “Team of Millionaires.” I’ve read the book and there is some good information there, but I just can’t see my husband and I spending more money just to get further in debt. Keep posting so others don’t get caught up in the mess!

  49. By Asmodeus on Sep 13, 2007 | Reply

    Phil,

    The whole thing is a fraud from top to bottom. Take whatever money you can gather from her operation, see if you can get it back, threaten a lawsuit if you have to and get the hell out of it. Call the SEC, the FTC, the FBI and anyone else who is willing to listen to you and get them on this woman and her staff off of your back.

    If you’ve already spent the money, then I’m sorry you had to go through this mess. Dust off your pants and call it a day. I hope you can get some if not all of your money back, but if you want my opinion, never, ever, in this lifetime invest in anything that is advertised on radio, tv, the internet. These people are scammers. They are direputable hucksters who will fleece you. If they were legitimate in their operations, they would be transparent and they would go through the media to get to you.

  50. By Cynthia on Oct 18, 2007 | Reply

    I gave them thousands. That was after I was told the $9,000 was full & could only get in if I took the higher level program - if I qualified. Of course this was after I gave them my credit card info (I stupidly thought they were doing a financial analysis but they just wanted my credit availability). The admin part is really bad as has been repeated on this site. They send things to the wrong address, do not return calls, give you a number then ask why you are calling the number they gave you. But worse the material and coaching was just milk-toast. The ‘coaching’ consisted of being read material that was already in the book. When I complained I was told it was because people learn better when things are repeated. I could have read it 20 times myself for the amount I paid for it. Good luck getting your money back. When I started, I did a lot of research and could not find anything. Now, thanks to this site and others, maybe people will get the heads-up and go in a bit more educated. Good luck to you all. Oh, also, check under other names (Premier Mentoring is also A.D. Kessler). Just do yourself a favor and run fast and report them to BBB or Aty General or wherever. Get the word out.

  51. By Emerson on Dec 12, 2007 | Reply

    WOW reading this post was a real eye opener!!! I stared in disbelief as I saw Doug’s post (May 28th, 2007 at 3:52 am) where he wrote down the same line I was fed earlier today “(1) Are you willing to put in 5-10 hours a week to become a millionaire? (He didn’t say how exactly that time was to be spent.) (2) Are you open-minded? (3) Are you teachable? and (4) Are you decisive? Having answered these questions with flying colors (DUH) he said he would highly recommend us to the director of the coaching program.”
    I was told that they were looking for a select few to participate in the special coaching program, and I was a perfect candidate…..

    Now I know that in LL math, Select Few = EveryDumbAss stupid enough to Agree.

  52. By Messenger -- Comment deleted on Dec 28, 2007 | Reply

    This comment was an article cut and pasted from another website without the owner’s permission. Please don’t do this.

    Thanks, mbhunter

  53. By Ryan on Jan 22, 2008 | Reply

    I haven’t read the book but it seems that Loral is just getting rich off of those trying to get where she’s at. If she is truly interested in helping others she wouldn’t be charging $17,500 to sit at her bit table.

    I have a friend that has just started her program. He’s gone to two seminars so far and spend around $7,000. He doesn’t talk about what he learned at the Seminar so I’m guessing that he didn’t learn anything worth talking about.

  54. By Jon on Jan 25, 2008 | Reply

    RUNNNN!!!
    the Loral caching program is a scam! We wasted over $3000 and have nothing to show for it. I called several times and they will not refund even though the coaching program dropped the ball on us.

    We were made several promises about the money we would make and even told we would be personally coached, and it never materialized. We were not personally coached by the guy who said he would coah us, and then we were handed off to another coach, then another throughout the program.

    the whole program is a waste of money. All the coaches do is reiterate whats in the book, THATS ALL!! Save your money. If your interested in the coaching, just read the books, don’t pay thousands to hear someone read it to you.

  55. By kelly on Feb 7, 2008 | Reply

    If you are disappointed in the outcome of your Loral Langmeier experience and if you’d like some sort justice or resolution maybe people should gather together for a class action. I’ve already got four people interested. Please email if you are interested too. sotiredofscams@yahoo.com

    I believe it’d be against Premier Mentoring more than Loral Langmeier, due to high pressure and misleading sales techniques, promising things that’ll never be delivered, etc, but LORAL should be ashamed of getting her wealth via less-than-scrupulous paths. Oh well, if she has trouble sleeping, she can afford pills.

    If you’d like to be on a list with a goal to approach an attorney for a class action lawsuit and can prepare to present your experience, please email sotiredofscams@yahoo.com, and please, help us gather others who have also lost lots of money on this (some have spent over 14K!!!). THat’s the idea of a class action after all - a large group.
    Kelly

  56. By Kelly & Angela on Feb 7, 2008 | Reply

    If you are disappointed in the outcome of your Loral Langmeier experience and if you’d like some sort justice or resolution maybe people should gather together for a class action. I’ve already got four people interested. Please email if you are interested too. sotiredofscams@yahoo.com

    I believe it’d be against Premier Mentoring more than Loral Langmeier, due to high pressure and misleading sales techniques, promising things that’ll never be delivered, etc, but LORAL should be ashamed of getting her wealth via less-than-scrupulous paths. Oh well, if she has trouble sleeping, she can afford pills.

    If you’d like to be on a list with a goal to approach an attorney for a class action lawsuit and can prepare to present your experience, please email sotiredofscams@yahoo.com, and please, help us gather others who have also lost lots of money on this (some have spent over 14K!!!). THat’s the idea of a class action after all - a large group.
    Kelly & Angela

  57. By Kathy on Feb 14, 2008 | Reply

    I think with this as well as anything, the attitude you put into it is what you get out or it! I invested $16,000 dollars in this program. I knew going into it I needed help and I was determined to get it. I had Irene B. for a coach and she was very helpful. I went through the materials myself a hundred times it seemed and couldn’t make sense out of it. I think having the support I received from the coaches made all the difference in the world. I was never promised an immediate return on my money. I was made aware that this was a great opportunity to become a success story. Through some of the principles I have learned I have made a turn around in my financial future. As for the person worried about some-one WRITING the success stories, you are taking it all wrong she writes them off what she hears from the people who believed and succeeded. When they asked me the four commitments I answered honestly and have succeeded. Maybe some of you just lied to yourself! If you look for the negative you will find it!!!!

  58. By Kathy on Feb 14, 2008 | Reply

    I think with this as well as anything, the attitude you put into it is what you get out or it! I invested $16,000 dollars in this program. I knew going into it I needed help and I was determined to get it. I had Irene B. for a coach and she was very helpful. I went through the materials myself a hundred times it seemed and couldn’t make sense out of it. I think having the support I received from the coaches made all the difference in the world. I was never promised an immediate return on my money. I was made aware that this was a great opportunity to become a success story. Through some of the principles I have learned I have made a turn around in my financial future. As for the person worried about some-one WRITING the success stories, you are taking it all wrong she writes them off what she hears from the people who believed and succeeded. When they asked me the four commitments I answered honestly and have succeeded. Maybe some of you just lied to yourself! If you look for the negative you will find it!!!! If you would’ve kept you word you would not be complaining now!

  59. By MIke on Feb 18, 2008 | Reply

    I happen to know Loral personally…so i can telly ou the low down hard core truth… here goes… Loral is one of the most brilliant peopel i know. A poweful women who is a role model for women across the globe. Not only has she become a great success, her mission is to help others. can everyone be helped? NO… will everyone become a MILLIONAIRE? NO… and she makes that very clear to you. SHe is fun, candid and tells the truth. She takes you step by step to learn how to make money, build cash machines and live your best life ever… some peopel just choose not to do the work and expect Loral to do it for them… Loral already knows how to do it. She is living proof that women, single mothers, and men can become wealthy if they have team, the right tools and the opportunities Loral provides people. SHe is the real deal. I became a millionaire in Loral’s programs before the age of 30… and i worked my but off to do it. She didn’t do it for me. Everyone is capable of doing it, but very few will put themselves on the line to make it happen. Loral puts you in the best position to succeed financially. Not learn about money, not listen to how she does it, but she teaches the realities of how to do it… for you to not become successful in Loral’s program there can only be one way… YOU DON’T SHOW UP AND WAIT. I would highly recommend Loral’s program and i do. I continue to take her programs, read her books and hear her live every chance i get… you will not get any fluff with Loral. Just the real deal tactice… She is extraordinary. If you read reviews that are counter to what i am saying, then take a look at the quality of people who would say such things… 1- they dont know how to manage their money./ 2- they dont know how to dop due diligence, nor do they trust themeselves to make the right decisions. Hence the reason why they dont have money.

  60. By MIke is actually Carl Logrecco on Feb 20, 2008 | Reply

    Trust me, I can tell by the stupid style of writing, the incoherence and the typos - that is the one and only Carl Logrecco who is Loral’s boyfriend.

    Listen, Loral is actually not so bad. Plenty of people have done really well in her programs. Like anything else, the more customers you have, the more the chance that some of them will be unsatisfied. Some have legitimate gripes and some are the type that just cannot be satisfied. Some posters are likely competition, also, so keep that in mind. I have seen that they have very dedicated employees that work to make things right for any unhappy clients.

    Loral’s boyfriend, on the other hand, is a complete tool. One of the most useless, insecure and arrogant people that I have ever had the displeasure to experience. Luckily, it’s not him that you have to deal with when you purchase Loral’s programs.

    And again, there’s lots of value to be had. Do your due diligence, of course, but know that there are many that have really had life transformations from working with Loral.

  61. By Not Rocket Science on Feb 23, 2008 | Reply

    Look. There’s no secret to getting wealthy. Keep your day job to pay the bills. Start a small part-time business. Work on growing it. In the mean time, determine what it is that you want to invest in to provide you the long-term income stream you’ll need to help you retire on. There’ll be a day when when you simply can’t work any more and your investments will be the only thing to carry you through. So, let’s say you want to invest in rental properties. Your business will be the engine that drives your real estate, in this case. The bigger your engine, the more power and leverage you’ll have in this field to make low offers backed by the cash-in-hand to pursuade sellers. Cash is always king! Then, when you’ve reached your goal..let’s say, ten properties with at least $500.00 per month net income after all expenses, then you can sell your business or keep it to further other ambitions. There’s lots of work involved, to be sure, but well worth it. There are really no short cuts for most people. Have a time line to determine what you need to do by a certain year to meet your goals. Use your common sense and pay attention to yoru gut feelings. It’s all business, so don’t involve emotions inless those emotions help you keep your dreams alive. So…what are you waiting for?

  62. By john on Feb 27, 2008 | Reply

    but i want to be a millionaire without learning, evolving, sacrificng and most of all, i want another human being to do all of the work for me. is there a program out there for me?

    buy the 25.00 book, not the 17k crap, maybe even borrower it for free from someone, apply the ideas in the books to your life, suck it up, change your bad money habits and become wealthy. i have read posts from some truly idiotic people tonight just looking for a fast and easy way to get what few people have the discipline to obtain. a book is not going to make you rich but some of the ideas may help you start on the path.

  63. By Pete on Mar 30, 2008 | Reply

    I will put it very simply.. Wealth coaching program is nothing more than a predatory sales approach to seperate you from your money with you bearing all the risk and them making a quick buck at your expense. I like the books and even the CDs, but the wealth coaching as it was presented to me was a pure get rich quick scheme for them.

    Their high pressure sales pitch, sizes you up on how much you can charge on your credit cards to the point of maxing them out. Pure financial idiocy for you and very profitable for them. They price the program accordingly. They talk alot about what they are going to do to help you get started immediately, setting up LLCs, tax ids, 0% lines of credit, setting up future meetings, which equate to setting up another meeting, tomorrow, tomorrow, tomorrow, filled with false promises. And eventually they get tired of hearing from you snd stop returning your calls.

    You have 3 days to cancel the charges on your cards, which will soon ruin your credit score. I called to do so after day 1, as I needed some time to deal with personal issues (sudden family illness / long term hospitalization). While still interested in the program, I just needed some time to deal with the personal issue I mentioned. I expalined this. Their response - another high pressure sales pitch, exclaiming all the things they were going to do for me in the next week (which of course never happened despite my repeated attempts to work with them, all I got was tomorrow, tomorrow, tomorrow, and then no response to my messages, within one week). What changed? They said if your not ready today, you will never be ready and if thats the case “we dont want you in the program and you will not be welcome back at anytime in the future”, and on top of that if I didnt back out at that moment, which was only day 1, I no longer had the other 2 days to back out and from that point on was obligated. That is in complete contradiction to the agreement they have you electronically sign on their website. That was a lie and that was fraud. On top of that they never did any of the things they said they were going to help me with in the week to follow (which is essentially what made me decide to stay aboard).

    I am disputing every single one of the charges to my credit cards, based on the deception/lies and illegal verbal alteraion of an exisitng contract. All the credit card companies are incredibly supportive and are pursuing this on my behalf. I am writing my congressmen, senators, the better business bureau, and will start an internet blitz against Loral’s organization, the likes of which they have never seen.

    I am sure their program can work for some people, and there is absolutely nothing wrong with them selling the products and service they sell. But they really should not market them in such a predatory, deceptive manner.

    Any reputable company providing a service, will generally give you your money back for a prepaid service, if the services are not rendered, no longer desired, or no longer needed. They wont. They simply say too bad, thats business. Yes so is drug dealing and prostitution that is business too. Putting something under the umbrella of “that is business” does not make it right and they should really be ashamed of themselves.

    They messed woth the wrong person, Enough said.

  64. By Pete on Mar 30, 2008 | Reply

    Needless to say I will not be attending the courses, but will put my time and energy into pursuing a class action lawsuit against their lies and deception.

    A group is being formed please email Kelly and Angela @

    sotiredofscams@yahoo.com

    Lets put a stop to financial predators.

  65. By JD on Apr 1, 2008 | Reply

    Well, I recently called for the free book after hearing the radio add while I was on a long drive. A few days afer I received it, Guy Rehn called me. I didn’t have the time to talk then, so we made a phone appointment for last Friday. I was still all tied up, and rescheduled for yesterday evening. I spent a half hour on the phone talking in general terms of my commitment and what not. He did ask me to reopen a $12,000 credit card that I had just paid off and closed, as well having me ask about increasing the limit on my other card. He did say Loral’s first piece of advise after getting into the program and making my first monies, would be to pay off those high interest credits.

    While I was on the phone with Guy, I made some notes on what he was asking me to do. I also made a note on my PDA to remind me to research this program on the ‘net’ today. It just reminded me, and I just read all that was said. These comments run for the last 2 years and most everyong says to run. Well guess what I am going to do? Run…

    I appreciate what everyone has had to say. I’m sure there are success stories out there. But I really do not see what PAYING someone else has to do with proper investing and making money. Why would I want to give my hard earned money to her instead of using those funds towards investments and “cash machines”.

    I told Guy that I would not be able to pursue this until June due to my work schedule. He was friendly and told me to call him when I was ready. He said that if anyone else called me, to tell them he had my file. That right there sent up some red flags, too. That means that I can expect calls. Hopefully they will stop after I tell them to.

    Thanks again for the warnings!!!
    JD

  66. By Kelly on Apr 19, 2008 | Reply

    Response to Carl (Loral’s boyfriend??) aka Mike, back in February:
    Did Loral ever get into absolutely crippling debt to climb her way to the top? Perhaps - the desperation and/or ambition of an unwed knocked up woman aside… (sorry, that was probably uncalled for) Did she ever pay dearly for a hard sales pitch (that incidentally promised a delusional 99% success rate)which also determined strategically how much she could stand to lose first, then charge her to kingdom come and deliver nothing more than a “slow” so-called millionaire mentor who merely read from a book and who didn’t appear to know ^$*%$ from shinola? No, this is NOT how Loral achieved her status at all… trust me, research it.

    Maybe Loral just got some of the info for free at the library and the Small Business Association, because it’s the same info and the assistance is free? Plus she knew a few powerful people. Lucky Loral.

    The price of what is delivered compared to what Premier Mentoring promises is sorely over the top. It’s pure deception. It’s devastating to many who trusted and DID WORK THEIR BUTTS OFF ONLY TO FIND THEY NEEDED TO INVEST MONEY IN THEIR BUSINESS… (can I get a big DUH - UH!) but they had no money to invest because Premier sank them in debt that was beyond belief and beyond their means.

    If you feel victimized, please complete the FTC form so easily found at http://www.ftc.gov and the Utah BBB. And write sotiredofscams@yahoo.com if you want.
    Kelly

  67. By Kelly on Apr 19, 2008 | Reply

    For anybody, or in Response to Carl (Loral’s boyfriend??) aka Mike, back in February:
    Did Loral ever get into absolutely crippling debt to climb her way to the top? Perhaps - the desperation and/or ambition of an unwed knocked up woman aside… (sorry, that was probably uncalled for) Did she ever pay dearly for a hard sales pitch (that incidentally promised a delusional 99% success rate)which also determined strategically how much she could stand to lose first, then charge her to kingdom come and deliver nothing more than a “slow” so-called millionaire mentor who merely read from a book and who didn’t appear to know ^$*%$ from shinola? No, this is NOT how Loral achieved her status at all… trust me, research it.

    Maybe Loral just got some of the info for free at the library and the Small Business Association, because it’s the same info and the assistance is free? Plus she knew a few powerful people. Lucky Loral.

    The price of what is delivered compared to what Premier Mentoring promises is sorely over the top. It’s pure deception. It’s devastating to many who trusted and DID WORK THEIR BUTTS OFF ONLY TO FIND THEY NEEDED TO INVEST MONEY IN THEIR BUSINESS… (can I get a big DUH - UH!) but they had no money to invest because Premier sank them in debt that was beyond belief and beyond their means.

    If you feel victimized, please complete the FTC form so easily found at http://www.ftc.gov and the Utah BBB. And write sotiredofscams@yahoo.com if you want.
    Kelly

  68. By Allen on Apr 23, 2008 | Reply

    I ended up getting the whole Millionaire Maker program because I miscalulated the 30 day trial period - I was then locked into 5 payments of $79.99 - I really don’t want the progam and I am desparately looking for someone to purchase it from me - it’s in the same condition as I received it - totally unused. Any ideas on how to re-sell this program?! Thanks, Allen

  69. By Kelly on Apr 24, 2008 | Reply

    Allen… sweetheart, give us a break here. We’re all posting how we got scammed by the program, and out of many more thousands of dollars than you lost, and we’d just LOVE to have that back in our bankrupt pockets. Consider yourself lucky you only lost $400 and fill out the complaint form at http://www.ftc.gov and with the Utah BBB like I hope the rest of us are doing.

    I REEEALLLY DON’T THINK ANYBODY HERE WANTS TO HELP YOU FIGURE OUT A WAY TO SELL THIS TO ANOTHER VICTIM, OR CARES HOW YOU DITCH IT. Maybe you should consider a ritual burning of it??

    Read the posts, man, as many as you can, smell the coffee, and count your blessings that you didn’t lose $5000 or more like so many others. You could call it a $400 lesson learned and still move on a lot easier than some of us can after Loral.
    best of luck to you.
    Kelly

  70. By Cheri on May 11, 2008 | Reply

    I just wanted to thank everyone for all of these posts. We have been hearing a lot LL’s radio ads lately, so we picked up her book.

    I finished the book and found it informative but never realized the mess making that phone call for “1/2 hour of free consultation with a coach” would have caused if I called. I have not called, nor will I, thanks to these posts.

    The amounts of money you are all talking about being charged or asked to pay are staggering to my brain! Staggering for 2 reasons.

    1. $17k? That is my credit debt..why would I double it to find out how to get out of it? That’s…….hmm…can’t think of a good word here.

    2. In her book, Loral suggests that you develop a team to help you market and run your cash machine based on what your business will be. She makes general suggestions, such as CPA, attorney and others. But then states, as what appears to be an attempt for her to help those of us who are not business savvy yet, that if we are not sure where to start, we can call for that free 1/2 hour of advice. But then we will be “lead” or asked to pay a $17,000 fee to be coached? How slippery.

    All I can say is, for those of you who have not called, don’t. Take the advice in the book for what it is…advice. You’re not obligated to develop this huge team. Remember the couple in the book? Mary and her husband? They did not need many of the team members that someone else would for their dune buggy business. If you need specific advice, call the SBA for a free workshop or SCORE for consultation (I believe they can be found through your state’s SBA).

    For those of you who have invested so much money, I am so sorry and wish these posts had been here in time to prevent what happened. However, for what it is worth, sharing your story has helped many people. Please do not let it stop you from developing your own business on your own to secure your financial future.

    Thank you again,
    Cheri

  71. By Kelly on May 12, 2008 | Reply

    Thank you Cheri for your clear perspective.

    YES YOU CAN get a lot of the help that Loral’s program offers for FREE with your state’s Small Business Administration.

    Cheri, (or anyone asked to pay thousands of dollars for Loral’s program) if you invest $17 K (or even a fraction of that) in YOUR business instead of Loral’s coaches, you’ll be very successful without coaching!

    See the point ? Invest in yourself if you want to start a business. And guess what? This is what Loral’s coaches say when the classes are done! Unfortunately, most of us were so broke and in debt from paying them, it was impossible to follow their advice.

    You already know that it takes a plan, time and money to start a successful venture. Avoid finding this out the hard way…
    K

  72. By Rick on May 12, 2008 | Reply

    After realizing the scam, and that my $12K really wasnt buying me anything other than what was already available in their $17 book, I filed complaints with all my credit cards, the BBB and the US Dept of Commerce, on the basis of deceptive, predatory business dealings. I continually pushed back at Premier Mentoring. They soon realized they were dealing with someone who was not going to take their fraud laying down.

    They are wealth evangalists, just like the fraudulent preacher that will take your money purely for his own gain, not yours. Their mentality is “if we can get away with it, we will”, regardless of right or wrong. Greed, greed and more greed. They could care less about making you wealthy. Their only real concern is keeping as much of your money as they possibly can and whether their fraud gets exposed in a broader context, stifling their shell game. Stay away from them like the plague. They are silk tongued thieves, pure and simple.

    They soon realized it was in their best interest to provide me with a full refund and therefore they did. I got all of my money back and returned the CDs without charge. I even got to keep the book for free as that was part of the advertised trial agreement.

    I did my research and was fully supported by the BBB, my credit card companies and the US Dept of Commerce, who’s job is to protect the consumer from deceptive business dealings, just like this.

    If you were taken by them, my advice is don’t give up!!!!! Do your research and get as many consumer advocacy groups informed and involved as you possibly can. Premier Mentoring operates under the assumption that most people will not spend the time to do this and that you will simply wallow away a bit poorer than before, simply accepting that you were taken. If enough people were to fight back, they would go out of business faster than a snake oil salesman.

    Just be advised, they are very crafty. In order to get my full refund I was required to rescind all complaints, as to prevent their exposure. They know sunlight is truly the best disinfectant. Their only motive is to hide in the dark, counting your money, not to help you. Don’t believe their lies. Just like, Dracula, they are parasitic bloodsuckers who only come out at night. I was also required to sign a refund agreement, which stated all disputes were fully satisfied. This was their way to prevent any light being shed on their greedy deceptive game. In my case, all disputes were fully satisfied. I ended up with no losses other than my time and energy. With that time and effort, I gained a very valuable business lesson in the concept of wealth evangalism.

    Free advice if you want to accumulate wealth, Invest your money in yourself by going to school and getting a Business degree, that is your best bet to achieving wealth (its old fashioned, proven and just takes time, patience & commitment). You will be able to gain valuable business & entrepreneurial insight, networking with legitimate colleagues (building your team), rather than giving your money away to wealth evangelists who really dont care about you at all. That is something that can never be taken away from you. In salary alone, Business school will more than pay for itself within less than 5 years.

    Without my business education, I likely would not have had the where with all in understanding my rights or knowing where to turn to for help. I probably would have just given up.

    They are hurting our shared economic interest as Americans.

    I hope this helps.

  73. By Phil on May 13, 2008 | Reply

    STAY AWAY!! I can point you to 100’s of people who are worse off than when they started with Loral as a result of her deals and teachings…and dozens of her so’called partners who are running for cover and getting ‘divorced’ as they say. When it comes to intergrity and keeping committments — Loral does only what is good for Loral.

    The person who said in an earlier post that Loral has changed over the years is absolutely correct. I believe that as her success grew, so did her ego and so did her ‘team’ mentality. As this blog seems to underscore is that many people realize who she really is.

  74. By Bill on May 20, 2008 | Reply

    Thank you for all the input. I just got the LL CD and book package. It states in the opening letter that to get a refund you must return the merchandise in resalable condition. Mine were definately used. I won’t be sucked in.
    Thanks again, Bill

  75. By Asmodeus on Jun 3, 2008 | Reply

    Are you seriously going to claim that I don’t know how to do due diligence or manage my money because I’ve spoken out against Ms. Langemeier and her dubious program? I don’t know who you are, but you are most likely one of her spammers trying to polish her already tarnished image. If you are so glowing about the millions that Ms. Langemeier has helped you make, then maybe it wouldn’t be so bold on your part to show us a small sample of how you achieved that wealth. How about a little transparency on your part because Ms. Langemeier certainly hasn’t been nor chooses to be transparent in her operation. For the record I’m a small business owner. I’ve already made and attained a level of wealth that took me long amounts of hours, days, and nights to achieve at a considerable amount of personal sacrifice. All I hear from people like you is what a wonderful person Ms. Langemeier is. I don’t give two shits about her. I care about the fact that she is scamming hundreds of people out of their money with a customer service record that is abysmal as to be on the level of a boiler room. Until you can prove otherwise, why don’t you pass on what I’m saying to Ms. Langemeier and let her come on here and share with us how legitimate she really is and how transparent her process of living in a ‘wealth cycle’ is like.

  76. By Asmodeus on Jun 3, 2008 | Reply

    to: MIke aka Carl Logrecco on Feb 18, 2008

    Are you seriously going to claim that I don’t know how to do due diligence or manage my money because I’ve spoken out against Ms. Langemeier and her dubious program? I don’t know who you are, but you are most likely one of her spammers trying to polish her already tarnished image. If you are so glowing about the millions that Ms. Langemeier has helped you make, then maybe it wouldn’t be so bold on your part to show us a small sample of how you achieved that wealth. How about a little transparency on your part because Ms. Langemeier certainly hasn’t been nor chooses to be transparent in her operation. For the record I’m a small business owner. I’ve already made and attained a level of wealth that took me long amounts of hours, days, and nights to achieve at a considerable amount of personal sacrifice. All I hear from people like you is what a wonderful person Ms. Langemeier is. I don’t give two shits about her. I care about the fact that she is scamming hundreds of people out of their money with a customer service record that is abysmal as to be on the level of a boiler room. Until you can prove otherwise, why don’t you pass on what I’m saying to Ms. Langemeier and let her come on here and share with us how legitimate she really is and how transparent her process of living in a ‘wealth cycle’ is like.

  77. By MaryBeth on Jun 7, 2008 | Reply

    Thanks, everyone, for posting your comments here. I’m supposed to get the call from the closer on Monday and now I know I’m saying “no thanks.” The red flag for me was when they said they would charge a lot of money in order to do me the favor of taking me out of my comfort zone. I can move out of my comfort zone without spending my hard-earned cash! Comfort zones are psychological and you can’t spend your way out of them. However, I will say I did appreciate some of the ideas in her book and cds but also realized that I had already heard the information before in various contexts. So, if you need a motivational refresher of previously-learned information, her materials will provide that for you.

  78. By Jenise on Jun 9, 2008 | Reply

    Thanks for your comments. How would you compare her program to Donald Trumps, which is also supposed to be based on mentorship/coaching?

  79. By Jamie on Jun 12, 2008 | Reply

    Thank-you, thank-you, thank-you!!! My husband and I received the call to join the LL team, after receiving the book Milliaire Maker. I was impressed with what the book had to offer and was very intrigued and interested in possibly joining the team. My husband hadn’t even read the book and they were putting the thumbscrews on about our belief in Loral’s system, and commenting that our indecisiveness was a “red flag”. The one thing that we really couldn’t get our minds around was, while we believed that Loral herself could help us achieve our goals, who was this “team” that would help us, what were their qualifications,
    were they millionaires themselves, did they successfully go through the program? Any attempt to find out this information was met with the comment that we probably did not have enough faith in the program or Loral. What kind of idiot forks out $20,000 without knowing who’s hands they are putting it into?
    And specifically, if they are millionaires, why would they want to sit around and coach people? Wouldn’t they rather invest more time into making more millions with their skills and abilities.

    Anyway, we ended up deciding that the program wouldn’t work for us. After hanging up the phone, we hoped that we hadn’t made a huge mistake. We obviously would not get the invitation again. I went to the internet to research LL and found this website, and I am so happy that my husband and I decided against the program. Thank you to everybody for sharing your experiences, and for helping us know that we absolutely made the right decision.

  80. By Pete on Jun 12, 2008 | Reply

    This is a follow up to my post on March 30, 2008.

    Glad to hear that some people are benefiting from this site, and not getting sucked into the program.

    I did get my refund for the $4.5K, except they managed to squeeze the credit card fees out of me for the initial charges, 2.5%. I wonder if those card fees still stand even when the initial charges are reversed??? I may have to call my card company and find out just for my own personal knowledge. They had me sign their refund agreement and had to withdraw all complaints. And yes all disputes were resolved and this post should in no way be construed as a complaint against LLM, purely conversational freedom of speech.

    I like Jamie’s post! It really makes a lot of sense.

    It is really hard to get my mind around the fact that they were going to charge her $20K for the exact same thing they were going to charge me $4.5K for. I am surprised that is legal, considering the manner they go about sizing you up??

  81. By Asmodeus on Jun 12, 2008 | Reply

    This is why the FTC and most Attorney Generals offices are nearly useless in cases and scams like this. It’s really to bad that there isn’t Truth In Advertising legislation to combat this kind of nonsensical crap.

  82. By Rich on Jun 24, 2008 | Reply

    Another marketing tool that is bothersome and time consuming. DO NOT ORDER THE BOOK if you dont want to be sent marketing materials and hounded on the phone and or by email.

  83. By Cyndi on Jun 25, 2008 | Reply

    Thanks to all of you for your honesty and your time to post these comments. All of the complaints sound very heartfelt and true. Apparently LL now employs individuals to manage this site by posting positive comments filled with more vague lies. What a joke. This is so obvious. I hope enough of you can get together with your class action law suit to prevent further victims from the venum. How sad that this snake has become so popular. It took me awhile to find this site. Fortunately I’ve only invested $6.95 into this nonsense. Thank you mighty bargain hunter! To the LL organization - - best of luck for your wealthy future here on this earth. Enjoy it while you can and remember you’re being watched by your creator. He is the real deal.

  84. By Thomas Lloyd on Jul 11, 2008 | Reply

    Jeff Spangler is the CEO of Premier Mentoring. His cell number is posted on the cite. HERE FOLLOWS IS THE CELLULAR TELEPHONE NUMBER FOR THE CEO OF PREMIER MENTORING! (801) 984-0803. I know calling him and annoying the crap out of him won’t bring your money back, but it will make you feel better.

Post a Comment