February 03, 2009

I attended a Loral Langemeier Workshop Last Saturday

When I'm working with a client who is either considering starting a business or is already running one, I usually recommend Loral Langemeier's "Millionaire Maker" books, and in particular "The Millionaire Maker's Guide to Creating a Cash Machine for Life," among a list of other books. (I sure wish she could shorten the title though.) So when I was notified that I could attend a free seminar locally, I didn't hesitate. After all, I only recommend things that I know enough about to recommend. I should also state up front that I am NOT currently an affiliate of Live Out Loud or Loral Langemeier's products; I do not currently receive any financial benefit from recommending any of these products.

Note: If you want to read more about these books and products, visit liveoutloud.com.

Knowing that her workshops are costly, I expected that anything offered for free was going to come with a sales pitch, and it did. (The cash maching workshop retails for $3495, and you can then go on to "Loral's Big Table" for I think around $14,000.) But I will say that the free workshop offered great information and the sales pitch was not offensive to me or to my friend who accompanied me. In fact, quite unlike me, I signed up and paid for the cash machine workshop coming here in three weeks; it also helped that attendees at this workshop received a discount.

What Loral offers can be summed up in one of her own statements: "Instead of cutting back, doing without, and limiting ourselves, I say that if you want a $3 latte, earn the $3 and go get yourself a latte!" This is now becoming my new mantra. She also suggested that the industrial age is over; she will tell you that the era of getting a job, earning a paycheck and counting on pensions is over and you are capable of never having to work for anyone else again.

The cash machine workshop for which I registered promises to send you home with a workable business idea (i.e., a product or service) which you can create to generate cash flow within a few weeks, and marketing, sales and financial plans to do it. My personal motivation for attending has more to do with wanting to immerse myself in this kind of information and participate in a group. I believe it will also restore some confidence that gets diluted working in an isolated environment much of the time as I do. I am also evaluating a couple of new business ideas and this will help me focus and avoid wasting energy on unprofitable or unmanageable projects.

Being a slow adopter I have been reading the books and blogs and receiving the "Live Out Loud" newsletters for about a year. I have wanted to attend the workshop but am not one to let go of my money easily! So I was already a good prospect for these folks. What finally sold me was that it is being offered locally, it is timely (only three weeks from now) and Loral herself runs the workshop; she doesn't send "people" to deliver canned information. And since many self-proclaimed gurus offer similar seminars or workshops and charge in the tens of thousands, I felt this to be a very good value.

So, stay tuned as I intend to write a full review after the fact. There are supposed to be several teleconferences in preparation for the workshop and I have quite a bit of material to read ahead of time. I'll let you know how it all goes!