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Loral Langemeier – Millionaire-Maker Or Con Artist?

Loral Langemeier – Millionaire-Maker Or Con Artist?

I happened to turn on the car radio the other day during an interview of Loral Langemeier. It wasn’t too long before I figured out this was an infomercial. I had never heard of this woman with the raspy voice before, but soon discovered she’s a “money coach” and best-selling author. She was giving away a free copy of one of her books and a CD.

I listened for 20 minutes or so, hoping to discover exactly what it was she was offering. As usual, in this type of “interview”, the interviewer, a man, was part of the act. The entire interview could have been condensed into about a minute without losing any of the content. The rest was all hype.

Their message was very simple – Loral can help you start a real work at home business, earning money each month, without spending a lot of time, and regardless of your current financial situation – and she was offering this help for free (except for postage and handling, of course!). How much extra cash will she help you earn every month? $500, $1000, maybe a lot more. How was she going to do this? She alluded to a number of possible ways this could be done – real estate, investments, the Internet…

Of course, I knew she wasn’t on the radio simply to give something away, so what was her angle? What was she really trying to sell? I listened in vain. One thing she kept mentioning over and over should have been a clue something about going counter to the advice offered by others who teach you how to cut back on your expenses. Her message was something like “don’t worry about trying to live on less – live better by earning more”. Another thing she said was that everyone knows something or has something they can use to turn into a business. What did she mean by that?

I’m always curious about any method of making extra money so after arriving home, I did a Google search on Langemeier. I soon discovered that this raspy-voiced woman wasn’t as old as she sounded on the radio. I found a video of her where her voice didn’t sound so raspy – maybe she was hoarse on the radio from talking so much – who knows?

I found her “official” websites – one about Langemeier herself and another about her business – “LiveOutLoud.com” – an interesting name. On both websites you’ll find more hype – information about her 3 best-selling financial books, her popular seminars, a list of her radio interviews and television appearances, including one on the Dr. Phil show, etc.

Loral holds frequent “Cash Machine” workshops where she promises that 100% of the attendees will make money at the event – quite a guarantee. At the workshops you supposedly learn the how to identify your personal cash machine. Then she and her “dream team of wealth builders” teach you how to create a vision, build a wealth team, and show you how to take action with your business plan. The workshops are topped off by the “Millionaire Marketplace” where participants get an opportunity to actually make money on the spot before leaving the workshop.

One past workshop participant gleefully reported, “we are on track to close over $25,000 worth of business in the next couple of weeks just from that one event!!” The workshops run $2,495 per person and they are apparently only the beginning. Loral also offers personalized coaching – not just one, but five levels! The cost? Who knows? You have to talk to someone in her organization to find that out.

I found clues regarding the cost of her coaching programs on another website, AllFinancialMatters.com. It had a review of her book, “The Millionaire Maker” and well over 100 comments by website visitors regarding Loral and her program. This is where I learned how much her coaching programs cost. I was shocked by some of the numbers people were mentioning – $4,800, $8,000, $10,000, $15,000, $25,000! I know there are 5 levels of coaching available, but some people seemed to feel that the price they were being quoted was based on the amount of their available credit.

There were both positive and negative comments about Loral and her coaching programs on the book review website.

On the positive side, one person wrote, “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.” Another wrote, “At this point, my “Cash Machine” is moving right along”. “I have increased my income by 30%”, adds another person. One commenter wrote, “From my perspective, looking at my life before Live Out Loud, and today, I wouldn’t change anything… Every penny I spent, and event I’ve attended, has served me well.”

Others weren’t so glowing in their praise. “Loral is greedy and her main focus is to take your money not help you earn it.”, wrote one person. Another says, “I am currently enrolled in the coaching program and I am seriously dissatisfied. “Loral Langemeier is a scam artist in a long line of such people who get rich by preying on stupid people”, adds another. “The coaching program is a ripoff.”, and finally this comment, “Loral is a crook who prays on the desperation of people.”

With such a divergence of opinion, it’s difficult to come to a definitive conclusion about Loral Langemeier.

Frankly, from what I’ve learned, I have no doubt that Loral is a talented woman with an incredible amount of drive, energy, and charisma. She’s also has a huge ego, and an insatiable appetite for public attention.

Will she make you rich? Maybe. Maybe not. It depends more upon you than her. It’s really like many things in life – her program will produce a few superstars – and many others who experience only mediocre success – or none at all.

Having run my own businesses for many years, I know you can’t please everyone all the time. In fact, the more successful you are, the more detractors you’ll have. It’s just one of the prices you have to pay for success – and Loral is paying it. Just because a lot of people dont’t like her doesn’t necessarily mean she’s a bad person. It’s just the way things work in this imperfect world – sorry if I’m sounding too philosophical or preachy.

Do I recommend Loral Langemeier? This is something you have to decide for yourself. In order to be successful with her program, you probably have to be a little like her – a leader, dynamic, goal-oriented, and a risk-taker. Okay, I guess it wouldn’t hurt if you also have some cash to blow, are very teachable, and perhaps a little desperate. If you can’t identify with any of these things, she’s probably not for you.

Source by John Horning

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