ANYONE CAN OWN A STAKE IN AN OIL WELL...AND OTHER DIRECT INVESTMENT ASSETS
~ Loral Langemeier, Author of Best-Seller, The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do, Delivers Step-By-Step Guide Showing How Anyone Can Build Wealth Through Direct Investing ~
San Rafael, CA – October 23, 2006 – According to Loral Langemeier, Founder and President of the unique wealth building community Live Out Loud, anyone can become a millionaire-- no matter what their current income, assets or financial situation-- by following the steps in her new book, The Millionaire Maker’s Guide to Wealth Cycle Investing (McGraw-Hill; November; $24.95). The book offers readers tactical, step-by-step guidance in how to build wealth through investing directly in assets and business ventures that can offer much higher returns than traditional investments in stocks and bonds.
Readers of The Millionaire Makers Guide to Wealth Cycle Investing will learn how they can put their money directly into owning assets like oil well operations, instead of buying an oil company’s stock. Other direct investment opportunities include commercial and residential real estate, business ventures and private debt instruments, as well as truly self-directed IRAs.
In The Millionaire Maker’s Guide to Wealth Cycle Investing, Langemeier presents her Wealth Cycle Investing system for generating cash through a cycle of assets and income. She shows how to initiate, grow, and sustain assets through direct investing for the success of the Wealth Cycle. Anyone who is committed to building and supporting their Wealth Cycle, Langemeier asserts, can realistically become a millionaire in three to five years.
“Wealth Cycle investors put money into assets that generate passive income and grow and appreciate. The continuous cycle of self-perpetuating investment is the secret to creating and sustaining wealth that the wealthy have used for generations,” noted Langemeier.
“Direct investing with the higher rates of return is no longer just for ‘the good ol’ boys’ club anymore. Anyone can have access, even those not wealthy enough to be ‘accredited’ as defined by the SEC. America now has a choice,” Langemeier said.
Langemeier also stresses the importance of building a team to fill in the “knowledge” gaps that an investor might have. She presents successful case studies from within Live Out Loud, her coaching and investing community, of actual success stories and the step-by-step journeys taken by people within her community: from assessing their current financial situation (Gap Analysis), to building “cash machines” based on their skills, interests and goals, to building a team of business professionals and investment partners to support their plan, and finally to taking action and investing.
Throughout The Millionaire Maker’s Guide to Wealth Cycle Investing, Langemeier provides worksheets to help the reader create the sequence, or the steps, for successful wealth cycle investing. These wealth-building worksheets cover the Gap Analysis, asset valuation, and the due diligence process for analyzing risk.
Since Langemeier considers due diligence and the mitigation of risk the most important steps in wealth cycle investing, she delineates a systemized approach in this book for conducting due diligence and risk analysis.
Langemeier contends that investors who take the time to perform due diligence, structure the proper entities to protect their investments, and build a strong team of professionals-- such as tax and legal experts-- will make the best wealth cycle investments.
“The belief that wealthy people are smarter than everyone else has more to do with perception than reality,” says Langemeier. “Some of the most brilliant minds in the world have little in the bank, and I’ve seen too many average Joes and Janes with millions in assets to think that genius has anything to do with money.” She continues, “Anyone can do it, but the sequence of action is everything: Get a plan, build a team, learn the money language, research opportunities and take practical action to begin investing.”
About Loral Langemeier and Live Out Loud
Born and raised on a farm in Nebraska, Loral Langemeier did not start out in life with money or connections. Loral, a master coach and financial strategist, built her first business in high school, and eventually went on to design and implement personal and organizational development for Fortune 100 companies; Chevron, Franklin Covey, Home Depot, Marriott, and Dupont. By the time she was 35, she’d established a multi-million-dollar portfolio of properties, businesses, gas/oil and notes. The experiences led her to create Live Out Loud, a financial coaching and mentoring company that focuses on teaching people to create wealth from the inside out. Recognized by her peers for her personal commitment to helping people create unimaginable success, and acknowledged by thousands of clients for the substance, insight and applicable value her programs provide, Loral Langemeier has emerged as one of the most successful business and motivational speakers to hit the lecture platform.
In her first book, The Millionaire Maker, Langemeier shows how the wealthy create businesses and entrepreneurial ventures and use their increased income to invest in and develop more assets. In the Millionaire Maker she also challenges the conventional wisdom of “living small” to eliminate one’s debt as the first step toward financial freedom. She believes that “living out loud”, making a plan and building a team and ones own cash machines should be the first steps, and the debt will be eliminated in the process.
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