Unlock the secrets to building wealth and creating a lasting legacy with host Mike Zlotnik and guest Loral Langemeier, a real estate millionaire, six-time New York Times bestselling author, and founder of the Big Table, recorded in June 2025. From her roots as a Nebraska farm girl to becoming a master distributor for Rich Dad Poor Dad’s cash flow game, Loral transformed her career through mentorship from icons like Bob Proctor and real estate ventures across 29 markets. Now, through her Integrated Wealth Systems and the Big Table, a 25-year-old community for creating millionaires, she empowers entrepreneurs with tax strategies, business development, and alternative investments like real estate, gas and oil, and crypto.
Sharing insights on owning the value chain, leveraging Roth IRAs for tax-free growth, and teaching kids financial independence, Loral offers actionable steps for wealth creation and legacy planning.
HIGHLIGHTS OF THE EPISODE
00:00 – Welcome to the BigMikeFund Podcast
00:19 – Introduction: Building wealth with Loral Langemeier
00:56 – From Nebraska farm girl to millionaire
02:01 – Rich Dad Poor Dad: Becoming a real estate millionaire
03:51 – Real estate strategies: Owning the value chain
06:10 – The Big Table: Creating millionaires through teamwork
07:26 – Tax strategies: Boutique solutions for wealth
09:22 – Integrated Wealth Systems: Legacy and family planning
11:07 – Alternative investments: Crypto, gas, and oil
13:41 – Market insights: Real estate and insurance challenges
15:07 – Big Table conferences: Sharing wealth-building ideas
15:51 – Cannabis investing: Challenges and opportunities
17:04 – Roth IRAs: Tax-free growth with Bitcoin
18:35 – Water reclamation: A new cash flow stream
19:16 – Assisted living: Creative real estate opportunities
20:25 – Due diligence: Understanding investments
23:13 – Tax benefits: Gas and oil deductions
25:53 – Best advice: Build a business for wealth
27:54 – Connect with Loral: Free resources and books
30:38 – Key takeaways: Legacy, teamwork, and diversification
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
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Full Transcript:
Intro: Welcome to the BigMikeFund Podcast where you learn about advanced wealth billing strategies from real estate investing to creating massive ROI and secured retirement profits. Support yourself, a cup of coffee, grab a notepad and lean in ’cause Big Mike has got the Mic starting now.
Mike Zlotnik: Welcome to the BigMikeFund Podcast.
I’m the big Mike, Mike Zlotnik, and today it is my pleasure and privilege to welcome Loral Langemeier. Am I saying it correctly?
Loral Langemeier: You are correct. Loral Langemeier. Yep.
Mike Zlotnik: Welcome. Appreciate you coming on a podcast you held from Northern Nevada, but originally you spent some time in, Nebraska. Yep. So, tell folks a little bit about you, kind of your history, and what you do today. You are an investor in many alternative asset classes, but I’ll let you share the wealth of knowledge. So if you would be so kind.
Loral Langemeier: Yeah, I grew up in Nebraska. Father’s a farmer and my mom was a caterer, so, never like entrepreneurial and thinking over conversations, which is fine.
So, but it’s interesting looking back how entrepreneurial they really were. And at 17, I got the book Think and Grow Rich, which I’d say is always my trajectory to what. Had me become who I am now. And so I got a finance degree, exercise physiology degree. I put those together. I worked at Chevron for a while, as a contractor, building fitness centers on offshore rigs.
Met my, Bob Proctor has been my longest standing mentor. I’ve had all of the greats be my mentor, from Ziglar to… you name ’em, like I’ve had ’em all. And a lot in real estate on the grand, you know, I mean all of them, Russ, Whitney, and still really good friends with all those guys. So they were not in mentors.
A lot of movies. We did businesses together, we did some different deals together and, went in. It was about 1996. I said, Bob, I’m just done with Chevron. I need to get back into what I wanna do. I’ve got books in me. I gotta do all this. And so he introduced me through the Rich Dad Port ad team. So 1996, I jumped outta Chevron, left a big executive job to go beat the cashflow distributor.
So I was a master distributor cash flow game for the Rich Dad Port Ad Group for Robert and Sharon. And then in two thou, 1999 became a real estate millionaire. and that, that’s actually a cool, fun story. ’cause I got pregnant in January. I called the guy I wasn’t willing to pay 25,000 to in real estate, and I said, it’s time I have nine months to become a real estate millionaire.
He’s like, you’re outta your mind. I said, no, I really can. I was like, so. That was fun. so he’s the one who, we used my database ’cause I had 18,000 people approximately that had bought Rich Dad Poor Dad products and games and all of that. So we used that and he crafted a whole process to raise capital from there, from accredited investors.
And we bought, in Oklahoma, we bought tons of real estate. So he was part of a big buying group and we bought an enormous amount. And, I just pretty much lived in Norman, Oklahoma, was my millionaire market. Later that year, reinvested a bunch into gas and oil became a millionaire Gas and oil. for tax strategies primarily, I.
And then I left. Then I left the Rich Dad team and started my own brand. And really all I did was probably, you know, just a lot of real estate. Mike. I did real estate tours. I went straight into real estate tours. I would take people to our Oklahoma market. Then we opened to the Arkansas market, Mississippi Market.
We jumped over to Jersey. So we were in 29 markets between 2000 and 2005. And thank God, grace of God, I always say we sold out, by seven and eight. Right before, so, and then that’s really what shifted because this happened. So McGraw Hill came to me in 2005 and said, how do you make millionaires? I said, I don’t know.
These follow me around on these real estate tours. They buy real estate the way I’ve taught ’em how to buy real estate. And, so we put a process together and I got, six New York Times bestsellers as of today.
Mike Zlotnik: Wow. That’s wonderful. Yeah. So he’s mostly your real estate investing journey, being in residential real estate, or you fiddled around with multifamily.
Any commercial I.
Loral Langemeier: the, the Millionaire, when I hit in 1999, we were mostly all large, commercial apartments and so we buy multifamily
Mike Zlotnik: apartments.
Loral Langemeier: Yeah, we bought, bought BC level some, some d but then that get, the rehabs get really expensive ’cause you got, you know, you gotta get. You, you, I mean, then you got, you’re going into plumbing and all sorts of, you know, system overhaul.
So way more expensive. So we stayed in the BC and then we did a lot of rehabs and upped the rents and had better management. we own the management companies. I think one of the things that I, you know, did early on, I. is like, we would just find cashflow everywhere. You know, I think too many PE investors just buy the property as, passive, like through syndications or however they buy.
we bought through, we didn’t do syndications, we bought as a group, so we were a buying group through LLCs, different companies, different management companies, but then we also owned distribution on Windows, doors, roofing. So we would get our own product, we’d have a margin on the product, and then we could do that in the area.
We also. Opened the property management company. We owned that. We owned the hauling company, the cleaning company. So everywhere that we needed to buy and support, we, we, we, we attempted at that time, I’d say we did a good job of really owning it or controlling a lot of it. And as far as plumbing and electrical, we would find local guys who really wanted to expand and they’d get our projects, and then they came onto the team.
So we did our best to keep the cost low margins high, and then. Who did I meet that taught me? Leased to own and subject to, I don’t remember who that mentor was. So we started venturing over there. So we went into Arkansas, the Bentonville and Fort Smith, that whole area. Then we did do all residential. So then we were doing pretty much either subject tos or lease to own, depending on the state and the laws.
And we were in, that’s where, that’s where we went to 20 something. We were in a lot of states. We had really, really big teams. But also what was supporting that is the millionaire maker had taken off. Right. So I went from, you know, doing great to doing great. I mean it was, you know, it was insane how fast the Millionaire Maker ’cause during the Millionaire Maker, the Secret came out, I was in the Secret, Bob Proctor and I started a mentoring program where people paid Bob and I a hundred thousand dollars a year to work with both of us.
So we were together for six years in that business. It was just skyrocketing. ’cause I had Bob’s database, my database, oh, and then I show on CNBC. So I mean, I couldn’t have done like any more like crazy stuff to market. And, it, it skyrocketed. I. That’s very
Intro: cool.
Loral Langemeier: Yeah, it was cool In 2001 though, I started, I’ve always done one-on-one coaching and in 2001 I put ’em a group together in a room and I just said, this is a team made millionaire.
You’re not gonna be out there individually doing this. I mean, what made me a millionaire is I got on the team. So let’s make ourselves a team. And that started the big table, which is now, this is our 25th anniversary, a solo focused, we had one agenda at the big table, which is everybody become a millionaire.
Or, or, and if you’re already a millionaire, how do you do it? And then reduce taxes. So then I started assembling a whole lineup of the best tax strategist. Very boutique, really, really strategic. small, small, not big firms, very small, like 1, 2, 5, man shops, women shops. And that’s kind of what we become known for is our structure, our tax strategies.
Now a lot of business development. I love making millionaires in business development people who are, you know, sitting at two, three, 400,000 and they just can’t break that million mark. And that’s a lot of marketing and sales strategies. And, I, I’m pretty much more passive in the investing now. I, I invest in a lot of alternatives.
A lot of alternatives. And I mean, I have crypto, gold, silver, diamonds. I have, we just sold The Black Hole, which is the Raider Nation, the fan base for the NFL Raider Football Team in Vegas. have a Broadway play. I have a lot. I just, I enjoy that ’cause I like business. So for me, I’m investing in the businesses that I know I can influence and, and, and I just teach people those strategies and if they wanna do it, they can do it or they can invest passively with other people.
And then I just teach ’em due diligence. So the investing side is really educational, much more passive at this point in my career. but. It’s been a fun ride. I can tell you if anybody would’ve told me that little Nebraska Farm girl would be doing what I’m doing today, I would’ve said, you’re lying.
There’s no way. First of all, I was you really shy when I was young. Can you believe it?
Mike Zlotnik: It certainly doesn’t sound like you’re shy now, but, no, I’m
Loral Langemeier: not. I kind of got conditioned outta that. Yeah. Yeah. That was, that was, Les Brown.
Mike Zlotnik: I, I, I think that there’s a lot here. So, what’s the biggest focus today?
Is this, the coaching, the tax strategy? Coaching? Is this more of a, how do you take where you are at today and elevate your net worth to the next level? Is this sort of, you talk about various passive investments. And just what’s kind of like the biggest folks were to reach out to you? Why, why should they reach out to you?
What are the big Yeah, great question, propell.
Loral Langemeier: So, I, for most of my career, my, the company was live out loud, and then everybody, I mean, I’m sorry, everybody from Oprah. Country artists, Christian artists started like doing live out loud songs and live out loud slogans. So all of a sudden my search engine started throwing, you know, as my rankings go, went down.
So we rebranded to what we do. To answer your question, it was, we do what’s called integrated wealth systems. So instead of having, you know, A CPA here corporate structure trust person, so I actually am a partner of a trust company. We do a lot of legacy. A lot of our focus is, on legacy. Creating higher net worth people tends to be more my client now, where they want, they have a business, they don’t know how to transition it to either sell or buy.
You know, do they wanna sell it? Do they want to continue to cash flow, get apprentices, and ultimately what do they want for the family? And so I’m a huge advocate of, you know, don’t die and give a surprise best to your kids that don’t, they don’t know what to do with it. like I’m already, my kids are 25 and 18 and we are going through our assets.
And I mean, very candid. My son’s be, almost the CPA’s got one more test and he’s like, mom, I don’t wanna run all these assets. Like if you pass, I don’t wanna do all this. Like, can we get this manageable? Or things that I can easily do and oversee. So my point is that you gotta start turning things and including your family and your kids earlier than most people do.
Most people don’t even include their kids. They just, you know, pass on an inheritance with no instructions. So I’m a huge proponent of trust and corporate structure reducing taxes. Obviously alternative investing, again, affects your taxes the most than just blowing, you know, putting it on the stock market.
That’s why real estate, I will always be probably at the top. The top asset I think everyone should own some of is real estate. I took a whole pass through COVID doing land development in Boise, Idaho. That was a fun run. So, you know, invest in the things that you know, that you have at least some interest in learning, but just to invest for the dollar amount.
I, I don’t see people winning there. So what I put together is 28 of the financial experts. Who have licenses and our commitment to a client is the legacy of their family and how to make the most money, keep it through the best tax strategies, and how do you invest so that becomes a very integrated plan.
Instead, as you know, Mike, the financial world is extremely segregated, right? An insurance agent doesn’t talk to your trust lawyer, doesn’t talk to the corporate structure, doesn’t talk to the tax person. Is it really a plan? Or is it a hope that you got it together? So I navigate and really facilitate families to create that conversation in their house, then create the legacy.
And you know, I probably have the most fun helping them design their trust. Like how the kids have to behave upon their passing. He’s like, control ’em from the grave. And that’s the Rockefellers. So we have a very integrated solution, which is our big table. So we say what I would say, 90% of the people who find me either end up in some level of entrepreneurial coaching, business coaching.
Because they, they’re not making enough money or the table’s what we do now. I mean, it’s been 25 years. It’s proven. I’ve made, you know, tens of thousands of millionaires doing it. So it works. so it’s fun. I’m having, I have so much fun with my clients. I started giving my cell phone out to every client.
Like I’m really engaged in them and their family, and so I’m, I’m at that era in my career. I’m just having really, I’m having a lot of fun with my clients, the coolest clients.
Mike Zlotnik: Yeah, appreciate your sharing. everything said makes sense. it’s, it’s, it is an issue for, high net worth healthland folks to, involve the kids early and don’t give them money, but teach ’em how to, first you teach ’em how to fish and then you teach them how to, run the, the family.
empire. Yeah. In, in a manner of speaking. So it makes sense. so what are you investing in today? Just curious. Just again, in the alternative space. I mean, we’re doing this recording, you know, middle of June, 2025. it’ll come out soon and then people can look back a few years from now. Mm-hmm.
Listen to the episode and just kind of reflect because it, it’s been an interesting, Huh. journey. Some rollercoaster rides, some great predictable things. And it’s kind of like you, you said you’ve been investing in precious metals. Some, do they hear some crypto? Oh yeah, I do
Loral Langemeier: crypto. Mm-hmm.
Mike Zlotnik: And then, real estate, of course.
Loral Langemeier: Yep.
Mike Zlotnik: So, what’s your view in the world today? You, you, I mean, I’ll just make comments and you, you yeah. You, you, you tell me what you’re thinking.
Loral Langemeier: Yeah. So
Mike Zlotnik: Bitcoin has done remarkably well, right? You got, yeah. Fresh metals have done really well. Well, stock market has done remarkably well. Yeah, real estate, you know, we see a ton of opportunities.
There’s been some volatility related to the higher, for longer interest rates. So,
Loral Langemeier: and, and the other thing, where do you see the
Mike Zlotnik: opportunity today?
Loral Langemeier: Well, and I’m glad you brought up the real estate and the interest rates. ’cause the other thing that I bring up to a lot of them is you got it, like the insurance companies have changed since COVID.
Our commercial properties, the amount of retainers that these insurance companies want. I mean, they want a quarter million in an escrow account for, for backups. I mean, we’re in Kansas, so we’ve had some tornadoes, we’ve had some damages. The insurance rates coupled with the interest rates have really changed cash flow in a lot of those models.
and I don’t know how people are, you know, being affected by that and some of the strategies around how to handle that. So, like you said, there’s a lot of opportunities. My son and I are family. We’re, we look for more land opportunities at this point. I have some clients that do some extraordinary storage projects, so, one’s in Alaska, he wants to bring it to lower 48.
So I am looking at doing some storage in the next probably year, two years. as far as my, this is my family portfolio, But he’s, he’s a multimillionaire from the big table. So then, like when I, I do two events a year now. they’re, they’re huge. I mean, they’re usually three plus a hundred people of people who come together that are in the big table, who share their ideas, their businesses, and a lot of people in the lower 48.
This is Conference
Mike Zlotnik: Big Table. This conference
Loral Langemeier: is the big table conference, and we, we host it in, Reno or Dallas, the Fort Worth area actually. So we do two a year, April and OC October. Other than that, we do almost everything online. I, I speak every once in a while, like I’m speaking this Saturday at a wealth forum in Orange County, but I think this year I may do three to four stages where, you know, in the years pre COVID, that’s all I did.
So for me, the biggest business transition has been COVID and it’s been a great blessing. ’cause the other thing I’m invested in because, and I’m home more, is I am, part of a big team that owns a vertical cultivation, production and dispensary license here in Nevada. ’cause we are legal. And licensed.
So I spend a lot of time at the farm. It’s funny, I grew up at a farm girl. I say I was born a farm girl, I’m probably gonna die of farm girl. Just growing a very different product. that’s a very challenging industry. Probably the hardest industry. I don’t say probably it is the hardest thing I’ve ever done in my entire career.
So I kind of, you know, appreciate God’s given me the biggest challenge at the end of my career. I don’t have to say end ’cause I’m actually gonna, I decided when Bob Proctor died, he, He gave me a book endorsement on this book. So this kind of what spawned the legacy book, which is Make Your Kids Millionaires, came out in 2022.
So four days before he passed, he gave me this testimonial, this endorsement, and I said, you know, Bob, I just so appreciated that his love for the client and what he knew how to teach was so prevalent. He taught the day he died. I said, that’s gonna be what I do. So my kids think I’m crazy, but I will, and I know how big that’ll be at that point.
the, the big table will stand. It’s a lifetime membership. I already have a whole, you know, we’re lining up our kids and my son is a CPA right to take over. so that will just maintain, it’ll be fun as far as other assets. So I’m gonna go back to the first one you mentioned, which is Bitcoin and talk about a few cool strategies that I just don’t think people employ enough is I’m a huge proponent of Roth IRAs.
If you know how to use them. So my kids had it. My kids have had a Roth since they were born and yes, you can’t put a lot in ’em, but when Bitcoin came out I had, you know, I had quite a bit in there and so we bought a lot at 4,000. We did one buy at 4,000 and then it went to nine. We did another big buy in our Roths.
So we have an enormous amount of Bitcoin in Roth IRAs, which are tax free, tax deferred. So that has been pro one of the better moves and I bought Ethereum and you know, just. I have a lot of the stock coins, not the project coins. I also do a lot of blockchain. I’m an R link and connect and some of those, so I know it’s going there.
I know the administration right now is extremely, you know, really, really bullish on crypto. So I’d say for folks listening, just pay attention, learn lean in and learn. don’t just trust other people’s. Opinions, especially your friends, if they don’t make any more money than you, and they’re not millionaires, don’t listen to them.
Don’t ask their opinion. Get real gurus, get real mentors who know what they’re doing and know how to teach you. but I would say the, the stock too for me always is real estate and gas and oil and then outta gas and oil is also a water reclamation. So when, when gas and oil is pumped out of the ground, it comes out in gas, oil, and water.
And water has been wasted for years. And now there’s companies that are taking that as another revenue stream and recycling and reclaiming it and putting, you know, putting it back to use. So that’s actually a really fun cash flow investment. I have a lot of clients that are in assisted living, active living, silver living, you know, buying like the McMansions in, the, the, I’ll talk about one client.
you know, Atlanta, Georgia has some of the biggest homes, right? Eight bedrooms, so they’re buying them. ’cause that’s really not how people wanna live anymore with that heavy overhead. And they’re making ’em into, they’re getting a nurse or a PA and making ’em into assisted living, getting. Insurance based, you know, three to 5,000 a month per room.
So that’s cool. I think for most people though, Mike, is how can you take like that and just focus and become the best and maybe buy 10 of those in, in different markets or that area? I think in real estate specifically, people try to be too much to, you know, too many strategies versus really focus and really get good at one and then move to another or just stay in your lane.
Really, whatever you like. I have land developers, like I said, storage people in RVs. I have one company that they’re, they flip mobile home parks and they’re doing millions. So it’s, it’s interesting to watch the different ways you can play and the creativity of it. It’s probably why I enjoy it. Like I said, I love business and the way I invest is in business.
that make sense.
Mike Zlotnik: Yeah, appreciate the wisdom. Sounds like
Loral Langemeier: I do a lot. I’ve done a lot of my career
Mike Zlotnik: investing into a lot of things is a lot of, interesting projects. It, it’s, it’s, I guess it’s a breadth of diversification, but I will agree. Of course, you want to be an expert in whatever you invest in.
So you, you just don’t wanna write a check into something you don’t understand. Right. It’s one of the most difficult things for most people. They, they go passive and they, they don’t understand what they invest in. Yep. that, that’s, that’s part of the understanding the risk. If you don’t understand how it makes money, don’t be surprised when it doesn’t.
Loral Langemeier: Right. Because it’s a business and I like, you know, the, the markets change and I don’t think people, like you said, I think the A, they don’t know enough about it. They don’t even know. So one of my favorite money rules is if you can’t talk about it, don’t do it. Like if you can’t turn around and say to someone, this is what I did.
This is where the money went, this is the use of funds, how they’re gonna use my investment, this is how I’ll get it back. This is who’s running it. If you can’t even talk the basics, common sense, you’re not ready to do it, don’t strike a check until you can at least speak it back. You know, like if, if we did a real estate deal, you know, I would like.
I need to tell you what I’m understanding. ’cause if you’re understanding something different, our investments, you know, we’re, we’re on two different pages on the same deal, and I just, you know, whoever leads tends to lead too frequently. And those who aren’t as solid in their knowledge, don’t, they don’t ask enough questions.
And so my due
Mike Zlotnik: diligence Yeah, if you, if you, if you cannot understand yourself mm-hmm. And you cannot explain intelligently what you just. Invested in or thinking to invest, then you’re investing with your eyes, you know, closed. It’s almost to the degree. No, I, I, I don’t know much about oil and gas other than I’ve seen some deals where they sell an energy or mineral rights and, one of the questions that I’ve always asked, and I can never get a clear answer.
So I get my principle back. You get some kind of stream of income. Yeah. And, people buy mineral rights and buy all this stuff, but when do you get the principle back? Well, you don’t.
Loral Langemeier: You don’t. You don’t.
Mike Zlotnik: So you, you, your cash flows better be really good
Loral Langemeier: Yep.
Mike Zlotnik: To make the numbers work, to cover to the cash flow, return the principle as well as, as a reasonable rate of return.
But that is an important question. Exactly what you said. Mm-hmm. Yeah. You gotta understand.
Loral Langemeier: The difference with gas and oil. And again, I like the other thing too, like I have two people that are just my absolute, my, my tax strategist, my lead tax strategist, who is a gas and oil expert. It’s probably why I amplified going into it.
’cause I really, learned so much about the tax play on that. So, although like during the Biden administration, the cashflow was horrible in the investment, but the tax was good enough that it was, it still made sense even though, to your point, and I think that’s such a brilliant point. They don’t get their in principle back.
Like a lot of the cannabis land deals, they don’t get the principle back. It’s the cash flow from the lease. it’s the, that’s the tax advantage on the gas and oil. aviation’s similar, right? If you invest in aviation, which is ba massive depreciation schedules for your first five years, but you’re not getting your principle back until you sell the plane.
It it,
Mike Zlotnik: it’s the, the, the strategy to buy, to buy a plane. I’ve heard the strategy and what’s the most basic tax benefit? I’m just curious On oil and gas. So a oil guess, you, you, you buy, I guess well, or wells or, or develop. Mm-hmm. So if people put in some amount of money mm-hmm.
Loral Langemeier: It’s
Mike Zlotnik: just heavily depreciated asset, right?
So you get a big deduction in the first year.
Loral Langemeier: 85 to a hundred percent. so you buy what’s called the capital working Interest. So you buy a percent of a, well, that might cost 10, 20, 30 million to get out of the ground. It means Joe, it’s an enormous amount of investors. It’s an accredited play only. and then again, like you said, like.
But the, but the 85 to a hundred depend. It depends on the, the other kinds of income you have. So 85 is, let’s just call that the low, but that’s against your highest ordinary income. So for an employee who’s making hundreds of thousands, who’s getting killed in taxes, it is a, that plus real estate is such a strategic play.
but
Mike Zlotnik: it, it’s an ownership and a business. If you have other business income, you can deduct, I, I don’t think you deduct against W2, but you can deduct against probably your, if you own. Some from operating business.
Loral Langemeier: Well, but it is also a deduction. You know, just like if you buy, well, like a vehicle, like, you know, if you’re just an employee, I think that’s what people actually, this is a, this is a good point.
I don’t think a lot of people understand, Mike, is if you are just an, like a high income employee, which by the way, in the United States it’s only 90,000 or more. Like that’s a high income employee. In fact, 75,000 or more is top 25%. It’s that bad. I mean, so when you’re in those ranges, your tax, I mean, you’re in the 30, 40% depending on what else you’re doing in your life.
And just buying passive real estate isn’t enough. Deductions, gas and oil, although you gotta strike, you know, a nice check. Usually Q4 is when people do it. That does go against that. I mean, that is one play against that high employee income if they don’t wanna run an operating company and get, you know.
Business deductions and things like that because they just wanna be employed. I have a lot of military people who do it. A lot of military people, ’cause they’re overseas, they make a lot of money. their wives or, or their, their spouses back here with kids don’t know what to do. so a lot of people find me just for the tax play, which is interesting and, and I’m running tax ads on social media of course.
So I get them and my legacy ads, and I, you know, get those kind of clients, but. I, I love teaching the families. It’s fascinating to me.
Mike Zlotnik: So what, what’s the, with everything you, you’ve done, what’s the best, advice you, you, you could give of, you know, of tons. Great advice if you pick one. I can’t give.
Loral Langemeier: I can’t, yeah. I can’t legally give financial advice ’cause I’m not licensed. I stay an educator so I can talk, but kind of what insights about my career. I’d say build a business. Even if you’re an employee, a business is probably one of the best assets you’ll ever build. And it doesn’t have to be a million dollar company, but that company allows you done right with the right corporate structure.
You get 81,000 pages of tax code. Like I’m headed to a women’s NBA game in Vegas. Speaking at the Wealth Summit and my daughter’s like, why are we going to the Wealth summit? She, I like, you know that by now. ’cause it makes it a business trip. so, you know, build a business is probably my number one real estate and gas and oil.
As you become accredited, I. Like, if I had nothing else to do, I would do what I do in the market. I would do gas and oil and Bitcoin if I could only pick. Right. And we, and, you know, consolidate. I do, I do, notes. I’m a hard money lender. I love doing notes to people, that are, that are secured and collateralized.
I. So, but I’m, I’m on, I’m on the scale down. I mean, a lot of those projects I talked about have been over the course of 25 years. I don’t have a lot of that anymore. I’ve sold that out. But I would say, bill, if, if you’re just starting build a business because that those business skills alone will transfer into your ability to do proper due diligence on an investment that comes ’cause it is a business.
It’s just not youi running it. And I don’t think people realize that investment is investing in someone else’s work. Somebody’s doing something in that business. And the more what I find, and that’s how I teach investing education, is the more you understand marketing like the variables, marketing, sales, the leadership team, just the market conditions, is that the right product is the right service that’s gonna make it, what are your competitors like, all of that.
If you actually know how to run very efficient operations, high cash flow, high margin. But if you don’t know that and you go look at an investment and you don’t know any of that, what, what’s your skillset to even evaluate it?
Mike Zlotnik: Yeah, of course understanding business financials helps understanding, any investment financials.
Mm-hmm. Yeah. And, and, some things could be, complicated, but if you can’t understand, it’s, that’s the rule number one, you can’t invest. It’s of course, Any final kind of recommendations, suggestions? How, how would folks reach out? Is there a good book? Would you recommend? Obviously you mentioned a few, a few books.
So
Loral Langemeier: yes. So if you have kids and if you don’t have kids, there’s 87 point checklist of what you could have, should have, would’ve done between zero and 20 with your kids. You can get it on Amazon. If you go to my site, if you go to make your kids millionaires.com, you can find it there. You get $1,500 of bonuses.
Like one of the bonuses is, a program that I taught my kids since they were three. Never pay your kids an allowance. They have to actually create tasks. They negotiate, you teach them young so that just, it’s embedded in them and it’s so fun. Now, as a mom who did that, and I did this to all a single mom, so with, you know, my kids don’t come, I’m not their bank account.
If they need money, they don’t how to go make it. They have to go find gigs, they gotta go find their, their. Tasks, they gotta, they tutor both of them. Tutor, my son did ski instruction. My daughter’s becoming a pilot. She’ll test for her pilot’s license the next few, few weeks. So she’ll, that she’ll, that’ll be another way.
She’ll go make a bunch of money. So I, you know, I always say, mom, mom has money. You don’t, you have to learn to make it. I mean, obviously I’m gonna take care of them very well, but, I’m not raising trust on babies. So other places to, to get to know me would be, askloral.com. They can ask any question.
It’s A-S-K-L-O-R-A-L. Ask a question, make a request. I’m on YouTube at Loral Langemeier, the Millionaire Maker Instagram is @askloral. TikTok, Facebook, you name it. I’m everywhere. And, the biggest thing that people do, I think right now is they ask a lot of questions. the, the main book, the big book, which we just relaunched last month, ’cause I’m, this is my 25th anniversary of everything, so I’m relaunching.
So this is a version two. It’s the same book with 40 more families and stories and diverse families and what they’re doing to become million. What’s their millionaire journey? So there’s 40. More So there’s 47 families that you can find. What’s the story that’s most like mine that I want to go do? So this just relaunch.
You can get this, but mostly on social media: @askloral. If I can, I’d love to give a gift to some of the folks I. Because I can give five my First Five New York Times. I can’t give the kids a book, but I give five eBooks and I have two tickets to an event that I teach. It’s called The Millionaire Intensive, which teaches the sequence of how do you become a millionaire putting in, in some framework.
So many people, Mike, as you know, and you probably hear this all the time, I gotta be outta debt before I go do something. No, you don’t. That is amazing friend of yours, if you know how to use it. That’s just the cost of money. So I teach what’s called a Millionaire Tents. I teach it once a month and I’ll give, everyone that’s listening to tickets.
If you go to askloral.com/podcast, you can grab those gifts offer free. Well,
Mike Zlotnik: Thank you for sharing. Thank you for offering the gift to folks, so appreciate your wisdom. Thank you. Appreciate you coming on the podcast and yeah, it’s a great site, great website. Ask Loral, right? Easy to remember.
Loral Langemeier: Yeah.
Mike Zlotnik: Dot com, I assume.
Loral Langemeier: Yep. Yep. Yep. Yep.
Mike Zlotnik: Thank you for your wisdom. Thank you for coming on the podcast and enjoy your journey. It sounds like you are always on the go. You’re moving places and going places and going to the next, next part of the journey.
Loral Langemeier: Yeah, always. I enjoy it.
Mike Zlotnik: Enjoy the journey.
Loral Langemeier: You too, and appreciate being on today, Mike. Thank you.
Mike Zlotnik: Thank you.
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Thank you for listening to The BigMikeFund Podcast. To receive your copy of Mike’s how to choose a smart real estate fund book, head to BigMikeFund.Com or visit Amazon and type Mike Zlotnik. Keep listening and keep investing, Big Mike style. See you in the next episode.
