The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do

by Loral Langemeier

Take the mystery out of wealth building with a 12-step approach that can be used by anyone to turn the money they have into the wealth they want. Known as the Millionaire Maker, Loral Langemeier brings financial independence to thousands of her loyal followers. She reaches these people through her seminars, radio interviews, and speaking engagements.

Genres: Finance, Business, Money, Self Help, Personal Development, Nonfiction, Personal Finance

288 pages, Hardcover

First published December 31, 2005

Reviews

[Thomas San martin · Rating 4 out of 5]

You can't expect a book to tell you step by step how to get rich, its unrealistic. All of us have different situations, different opinions, different views on certain subjects. I see a lot of people give these type of books horrible reviews because they're still broke and not any richer after reading them and I find it ridiculous! These books give you a taste of what being wealthy is, they give us a taste of what the wealthy`s mindset is because it really is a mindset. All these books about wealth have a repeating message and that is, "change the way you view money." So yes this book probably won't turn you into a millionaire after reading it but if you are a proactive and positive person there is much to absorb and learn from it, bringing you closer to wealth.

[Paula Quinene · Rating 5 out of 5]

Years ago, a good friend made me a personal finance spreadsheet on Excel. Today, I've used the author's info to enhance my original sheet. I really enjoyed how she tied together business finance w/ personal finance. I have added an annual cash flow statement and a gap analysis sheet to my files.

Loral also goes into managing/paying off debt and how to move your cash assets to start a business via specific examples.

[Gabriel Lopez · Rating 5 out of 5]

Very thought provoking. No one will ever teach you the things written about in this book. We are taught to be employees only. I enjoyed the simplicity of the book. It does not provide all details, but that is to be expected. After all, it is your personal financial education journey, so only you know when you are satisfied with answers to your questions. You must do your due diligence and educate yourself; but most important of all, keep an open mind. I will definitely read more works put out by the author.

[Kevin Cullis · Rating 5 out of 5]

Langemeier really gives the essence of being a millionaire: Change the way you think, your mindset, learn to earn. Goes into entities and how you structure your business can make a huge difference in keeping more of the more you earn.

[Jill Miller · Rating 3 out of 5]

Good information, but confusing to put into practice.

[Eric · Rating 3 out of 5]

Loral is not wrong. She states facts on this book.

[Cody Ray · Rating 1 out of 5]

This book started out with a promise that "this won't be a bunch of theory". The author does cover the "basic ideas" that are true for wealth building, such as buying productive assets and eliminating lifestyle (consumer) debt. I appreciate that she pointed out that you should create a "Wealth Account" where you save money to be invested in productive assets and that you should automate your "pay yourself first" savings transfer into this account.

But immediately it claimed "success" in putting the first family on the "road to wealth building" after two sessions. Statements such as "quickly shifting these assets to being more productive" are whack. There's nothing quick about the suggested path: buying 10 single family homes in the midwest. The clients are (presumably) buying far from where they live, have no team in that location, and likely have no expertise in real estate in the first place. Wealth building on paper is simple.

It also over-emphasizes the importance of "Entities"... as if creating an entity is the hard part of starting a business. At the same time, every case study included starting your own business as the one-step-fits-all and yet there was zero discussion around finding customers, operations, or anything else that's reasonably challenging for first-time business owners.

That being said, I believe the author has several other books that may address each of the steps presented here individually. Each of the topics can fill multiple books, so I may just be frustrated that this book was very repetitive instead of touching on any of these topics.

[Pam · Rating 5 out of 5]

This book is well-written and easy to understand. Ms. Langemeier lays out a 12-building-block plan that is meant to meet you where you are financially, so you can use the building blocks to create a wealth plan. My husband and I read this together and have found it so helpful we have already started working on our plan and are reading the book again.

Langemeier suggests that you get a team to help you create a Cash Machine and that you personally lead your wealth team to create exactly what you envision (wealth, abundance, freedom, and a live-out-loud life). She gives resources in the back of the book to help you figure out what to do next and who to turn to for your own plan (which includes her own business and team of mentors). I recommend this book to anyone who can earn a living and manage assets with their own unique skills.

As she says, "you must learn to earn."

[Sue Bridehead (A Pseudonym) · Rating 2 out of 5]

This book, while full of case studies, is deliberately vague about certain details, probably in an effort to drive queries to LL's coaching company. I am a little more confused after reading it than I was prior to reading it. Entities--oy. I feel like a fool not having one, but which one do I get, and why? Unclear. This book is a sales tool, little more. Not that there's anything wrong with that.

[Stacy · Rating 3 out of 5]

Still felt very theory based despite claims it was practice oriented. The concepts are only going to work once great ideas and opportunities are acted upon, but a person would have to have the ideas and opportunities first. All in all, its inspirational and interesting, but I won't be forming my own corporations anytime soon.

[Brenda Humphreys · Rating 2 out of 5]

This book is for people who already have money and or assets. I wanted to read this book to learn how to make money. I did not find this book helpful at all. For people who have assets this book will teach you how to pull money from those assets to quit your job and set up your own business and to invest your money more wisely.

[evan pon · Rating 2 out of 5]

only thing i learned is that i should check into the full self-directed iras. the rest of the book can be summed up in one sentence: quit your job, start your own business, and buy some cheap houses.

[Kat · Rating 5 out of 5]

You must read, lest you be taken advantage of! I'm fully invested in this now and it's really broadened my perspective on life and empowered me to take charge.

[Jessy]

http://www.getrichslowly.org/blog/200...

[Kimberly · Rating 3 out of 5]

Let me save you some money.

This is "Rich Dad, Poor Dad" meets "Inc, Yourself" with a little "Think and Grow Rich."

Next.

[Denise · Rating 4 out of 5]

Excellent foundation for changing your relationship with money in a positive direction.

[Douglas Eagen · Rating 4 out of 5]

Great book with lots of tips, and tools to make more with the money you already have!