Loral Langemeier has a new book coming out on October 13th, and they are expecting it to be a best seller just like her three Millionaire Maker books are.

I’ve talked about Loral several times here, mostly about her Cash Machine Workshop live event. The reason I devote so much time to her is that she is for real. She isn’t selling a program that requires you to spend a wad of money to learn a bunch of new skills so that you can hopefully start to make a little money in a year or two. She encourages you (at the live events she pushes you) to use what you already know to start making money today. Once you are making money, then you spend the money to hire the team that will support you.

Here’s the description of the book:

Turn what you know into dough!

You Don’t have fixed potential, why accept fixed income? By following Loral’s simple and straightforward approach, you’ll put more cash – $1000 or more a month, into your pocket in no time. I’ve helped thousands of people make extra cash fast. People from all different backgrounds, in a variety of situations, all over the world. People just like you!

Get on the list to be one of the first to get the book. Click here  to Loral’s site.

In the big lead-up to the book, Loral has recorded a free 20 minute video that is all content. You can get to it by going to my PlayLikeAMillionaire site and entering your name and email address. If nothing else, it’s a great free introduction to Loral Langemeier. Go check it out.

Wayne Woodworth
Play Like a Millionaire

You’ve heard about self-made millionaires before, right? Have you ever met one? Were they really self-made, as in they did it all by themselves?

I’ve been studying Loral Langemeier‘s programs again and she puts out the idea of team-made millionaires because you cannot really become a millionaire all by yourself. In reaching that point you will run into things that you don’t know how to do or things that are better left to others so that you can stay focused on making money. You need a team to take on those tasks, such as bookkeeping or cleaning your house, so that you can stay focused on the tasks you need to be doing. Besides, you are supporting other businesses in your area by hiring out those tasks.

I see this as a big problem in network marketing. To be successful we need to treat our network marketing as a business and teach our downlines to treat it as a business too, which means creating a team to take care of things so that we can spend our time prospecting and creating new business partners and selling our products or services.

For more business-related info, checkout by revenue modeling post at www.diversifymyincome.com.

Wayne Woodworth
Network Marketer
A home-based business is still a business

I spent 3 days last weekend at Loral Langemeier’s Cash Machine Workshop and it was the best seminar/workshop that I have ever attended. The days averaged 12 hours long but flew by.  I never even  once checked to see what time it was during the weekend except to make sure I returned from the breaks on time.

I learned of Loral from the movie The Secret where she appeared as a financial strategist.  During the seminar she said that she was taped for 5 hours for The Secret and only a few minutes of it was actually used in the movie.  We found her Millionaire Maker books and started reading her material. Her company is Live Out Loud and her tagline is “The Millionaire Maker”, hence the title of her books, The Millionaire Maker, The Millionaire Maker’s Guide to Wealth Cycle Investing and The Millionaire Maker’s Guide to Creating a Cash Machine for Life.

Loral teaches you to start creating money by using your fastest path to cash.  That is the idea behind a Cash Machine and the point of the Cash Machine Workshop.  You take skills that you already have and create a business around them.  To start off it doesn’t matter if it is something that you like to do or not.  You can do what you want to do later.  For now you focus on making money doing what you know how to do. Once the cash is coming in then you can learn new skills to do the things you want to do and build a new Cash  Machine.

She puts a lot of emphasis on building a team too.  You cannot keep your focus on what you need to do if you are spending all of your time on more mundane tasks like cooking and cleaning, unless those are things you like to do, in which case you might consider them as a basis for your Cash Machine.  In your new business you also want to dole out the more mundane or specialized tasks like making phone calls, bookkeeping, or tax preparation so that you can focus on growing your business.  You Cash Machine needs to be in an entity, like an LLC or a corporation so that you can get the full tax and limited liability benefits.  You will probably need to find an expert to create your entity.

We were expected to make money while at the seminar.  The first day was about what a Cash Machine is and anyone who didn’t already have one was supposed to figure out what theirs was by the end of the day.  Once we knew what our Cash Machines were we had to figure out what we wanted to sell during the Market Place on the third day.  The rest of the seminar was dedicated to building the Cash Machine through marketing to generate sales, joint ventures, and referrals.  An hour and a half of the third day was for the Market Place where we were to practice and refine our pitch and sell our product to the rest of the room.

For us, we went in knowing what our Cash Machine is.  We split it up so that Michelle sold 5 minute massages for $5 and I sold Nikken’s magnetic insoles for $60.  Loral told us that if we knew what we were selling we should start selling immediately.  Some people made money during the first break on the first day.  We took in our massage chair on the second day and got started making money.  Michelle worked during breakfast and lunch doing 5 minute massages while I talked to people about sore feet.  She never got a break only got to eat during the dinner break.  It went pretty well for both of us as we deposited better than $500 in the bank once we got home.  One person at the seminar said he made $6000.  That’s pretty darn cool.

She offered Cash Machines in a vendor expo area for anyone that had trouble coming up with one on their own.  One of them was a facilitator program for her Millionaire Maker board game.  We have a copy of the game and have played it several times just the two of us.  On Saturday night at the seminar we got to play the game in groups of six, which was a whole different experience.  On one hand it was a little disappointing because I was the only one at my table who had played before so it went pretty slow as everyone else figured out how to play.  On the other hand I saw how fun it can be when I get the opportunity to play with a group of people that know how to play.

As a facilitator for the game we will be able to hold our own game nights and invite others in our area to come play.  If anyone likes the game and buys a copy we can make up to 50% commission on the sale.  They also will teach us how to sell the rest of her programs and events, and that training will care over on how to sell our products effectively.

If you see the value of a Cash Machine and would like to take a look at mine then see my Nikken network marketing opportunity.

The word “job” is really an acronym for “just over broke”. Too many people toil their lives away at a job for 45 years and end up having to get by on Social Security or work as a greeter at Walmart. I have nothing against greeters at Walmart, but by the time you retire you should have a choice about what you want to do with the rest of your life. If that is to be a greeter at Walmart because you enjoy the social interaction, then that’s great. It shouldn’t be because you need the money.

But we are doing exactly as we have been programmed to do. We are taught that we need to study hard in school and go to college so that we can get a good job making a good salary. Once you have accomplished that you’re set for life, right? I don’t think so. The first thing you do when you get your paycheck every month is pay the bills. There isn’t much left over afterwards, is there? Maybe enough to take the family out for dinner or to see a movie. If an emergency comes up then it goes on the credit card. Now there are more bills for the next payday and even less money left over.

It doesn’t have to be that way. You just need to learn about money. How to make it and how to use it. Our school system doesn’t teach us how to make money, and it isn’t designed to. You wouldn’t go to a drowning person to learn how to swim, so you can’t expect a teacher, who is paid only a little, to teach you how to get paid a lot. And you deserve to make a lot of money. We live in a world that has a lot to offer, but you have to have money to experience it.

Before we go any farther we have to get one thing clear. Money is not the root of all evil. The love of money is. Money is a tool and nothing more. You shouldn’t love money any more than you would love a hammer or a pencil. Money is also how we keep score in our society. You make money by providing a service. If you aren’t making much money then you aren’t providing enough service.

Don’t forget that.

Now for what this blog is about. For the past couple years I have been studying people who are making a lot of money and I want to share what I have learned. I am really just getting started on this journey and I will use this blog to share what I have learned and how it is working for me. I want you to join me on this adventure and to share your comments with me and everyone else.

Will you join me?

Next time I will write about Multiple Sources of Income.