My Experience With Millionaire Maker Loral Langemeier Founder Of Integrated Wealth Systems-Does She Make Millionaires?

Loral Langemeier's Millionaire Maker Program - Is It Legit? Is it worth the investment?

Imagine this: You’re sitting comfortably with a cup of tea, browsing online, and suddenly you see an ad promising “financial freedom” and the chance to become a “millionaire.” Intrigued, right? We all dream of a life without financial worries, the ability to travel, pursue hobbies, and secure our golden years. That’s the alluring promise behind Loral Langemeier’s “Millionaire Maker” program, and it’s certainly tempting. But before you jump in with both feet, let’s take a closer look.

Read my affiliate disclosure statement here.

Loral Langemeier, founder of Integrated Wealth Systems (IWS), has built a brand around the idea of helping people achieve financial success. Her programs sound fantastic – coaching, strategies, and the promise of wealth creation. But is it all it’s cracked up to be?

In this article, we’ll delve into the world of Loral Langemeier’s programs, investigating the claims, exploring reader experiences, and providing the information you need to make an informed decision. We’ll also discuss alternative paths to financial security and resources specifically for our fellow seniors to protect their retirement savings. So, grab another cup of tea, settle in, and let’s navigate the world of “Millionaire Maker” programs together!

My Story with Loral Langemeier and IWS (Formerly LOL)

Now, let’s get a little personal. I came across Loral Langemeier, then known as founder of Live Out Loud (LOL), through an ad for a “free” event she was hosting in Sacramento, CA. That was in April, 2012.

I found her presentation to be interesting and informative. Her three-hour event consisted of her for 90 minutes, then after a break, there was a presentation by someone else.

Almost immediately, I noticed that she offered “event special pricing” if people signed up for one of her programs. Several people would rush to the tables set up at the event to sign up for programs that cost several thousand dollars.

I had made up my mind before attending the event that I was not going spend any money at this “free event”.

After the event, I did buy her book (pictured above) and I became enchanted by her and what she represented.

I went to three more of her “free” events hoping to glean as much information from her as I could, although I was in no position to spend thousands of dollars for anything, having recently lost my job.

Meanwhile, because I had attended her events, I was in her data base and had begun receiving countless phone calls and emails trying to recruit me to enroll in one of her programs.

Two years later, I saw another ad. This time, it was for a program she called the “100K Challenge”. It was a money-back guaranteed program that promised I would make $100,000 in a year if I completed the program.

My finances had gone from bad to worse and I was in very bad financial shape.

At about that same time, of course, the phone rang and it was someone from LOL. This time, I took the plunge. It is a decision I will never forgive myself for making. I maxed a credit card to the tune of $7,500, at the time, believing it was a good investment. I believed that I would make $100,000 in a year and that the $7,500 would have been well worth it.

Wrong!

Can You Say Buyer’s Remorse?

Almost immediately, I regretted my decision. First of all, the way I was told I would make $100,000 was to help me create a business that was custom-fit to me, my personality and my strengths.

I thought, how can that be a bad thing?

Sounds good.

Right?

As I write this, nearly 10 years later, I never did learn what business I would be in. I was told that would come in time and that I should just go with the program and do what I’m asked to do. I was always told to hang in there and that I was in the right place.

As time went on and the more I heard those words, the more I became impatient and uncomfortable with it.

The first thing I was supposed to do was to go to a weekend event in San Diego that was to be life-changing. I was guaranteed to make money at the event.

I made $14!

Yay!

I guess, technically, the guarantee was real. $14 is $14. Right?

The event was a series of speakers and presentations, none of who were Loral herself. Each and every one of the presentations came with a chance to either enroll in another program or purchase a product or service.

As it turned out, the life-changing part of the event for me was when I allowed myself to be talked into purchasing a software program that cost $1,700 and another $200 a month.

It was going to take my “business” to the next level.

My question then was, what business? But, like a fool, I took the bait. Again, I made a decision I will not forgive myself for making, that I continue to regret to this day.

I canceled the program after two months and realized I had wasted about $1,800.

Oh, BTW, this was before my first “coaching” session, about two weeks after I signed up for the 100K challenge.

What I experienced during those two weeks in addition to the event were some webinars from Loral and a lot of rah rah.

My Experience with LOL Coaching and Refund Attempts

It wasn’t long after that when I had my first “coaching” session. The coaching aspect of the program consisted of 8 30-minute sessions on the phone with my coach over the course of a year.

To be clear, I said eight, thirty-minute sessions on the phone with my “coach” over the course of a year.

The first session consisted of me asking questions and learning about what my homework was to be, that I was to complete before my next “coaching” session. I remember being introduced to a business funnel that I was to complete.

Keep in mind, I had no idea what business I was in and even less of an idea of what the funnel should consist of.

To put it mildly, the coach and I did not gel and I have difficulty calling her a coach. The sessions were about what my homework was, but no real instruction. The following session was about reviewing the homework, that were non-sense, in my opinion.

That is because it was never determined what business I was being coached for. The whole thing was a joke. After 6 of the 8 sessions, my coach told me I was impossible to work with and canceled my remaining sessions.

Frankly, I was beyond disappointed. The program lacked substance and was based on platitudes and truisms. It wasn’t what I expected for the hefty price tag.

Feeling frustrated, I decided to request a refund. This is where things got really complicated. Reaching customer service was an exercise in futility, all they kept telling me was to “hang in there” and to talk with my coach.

Talking with my coach was nothing but a waste of time. Instead of a refund, I was offered additional coaching.

Coaching? What coaching?

I was flatly denied a refund twice. It was a game of stall after wait and see.

In order to receive a refund, it was necessary to complete the year program, which included completion of a long checklist of tasks.

The whole process was frustrating and left me feeling unheard.

Legal Proceedings with LOL

Disclaimer: I am not a lawyer and this is not legal advice.

Since I couldn’t get a satisfactory resolution through customer service, I explored legal options. However, the contract I signed included an arbitration clause, which basically meant I had no right to sue in court.

I remember when I signed the contract to enroll, I saw the part about the arbitration clause and it made me uncomfortable, but I signed it anyway. Ultimately, the arbitration clause would be my final blow.

I filed a small claims court case for the maximum allowed in Nevada-$10,000, against LOL in the county where their headquarters was. The headquarters then was in Zephyr Cove, Nevada. The court was in Stateline, NV, a full nine hour drive from where I live in Southern CA.

As it turned out, I won my case.

YAY!

But, wait. there’s more.

In NV, a defendant can appeal a small claims case and hire a lawyer.

That’s what LOL did.

In the end, I lost my case because of the arbitration clause, which basically stripped me of my right to sue in court.

That was in the contract that I signed.

I warn everyone and anyone not to ever sign a contract that contains an arbitration clause. There’s nothing in it for you. I learned the hard way.

Who is Loral Langemeier?

Have you ever heard someone say they’re a “self-made millionaire”? There’s a certain intrigue to that title, a sense that they cracked some financial code and achieved something extraordinary. Loral Langemeier positions herself as someone who can help you do just that. She’s the founder of Integrated Wealth Systems (IWS), formerly known as Live Out Loud (LOL), and the driving force behind the “Millionaire Maker” brand.

Now, whenever we’re considering financial advice, it’s important to understand the person giving it. So, let’s dig a little deeper into Loral Langemeier’s background. Unfortunately, publicly available information about her qualifications or experience in finance or business coaching seems limited. Her websites focus more on the programs themselves and the testimonials of others. This lack of transparency can be a cause for caution, especially when dealing with financial matters.

One interesting detail is the name change from LOL to IWS. While the reasons behind this shift aren’t entirely clear, it’s worth noting that sometimes companies rebrand to distance themselves from past controversies or negative reviews. Let’s keep this in mind as we explore Integrated Wealth Systems and its offerings.

What is Integrated Wealth Systems (IWS)?

Imagine attending a seminar where the speaker paints a picture of a life free from financial burdens. They talk about building a successful business, generating multiple income streams, and achieving that elusive status – becoming a millionaire. This is the core message of Integrated Wealth Systems (IWS), a company founded by Loral Langemeier.

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So, what exactly does IWS offer? Their target audience seems to be individuals seeking financial freedom, often through online businesses. They promote a variety of coaching programs, like the well-known “100K Challenge,” promising participants the tools and strategies to reach a six-figure income. These programs typically involve a combination of coaching sessions, online modules, and access to exclusive resources. The price tag? It can vary depending on the program, but expect a significant upfront investment, sometimes in the thousands of dollars.

Now, there’s nothing wrong with seeking guidance and support when it comes to building wealth. However, it’s crucial to understand what you’re getting for your money. Here’s where things get a little murky. The details about the specific strategies and coaching expertise offered by IWS programs can be scarce. While testimonials boast about positive experiences, there’s often a lack of concrete information about the curriculum or qualifications of the instructors. This lack of transparency can be a red flag, especially compared to financial advisors who are held to stricter standards and required to disclose their qualifications.

IWS also incorporates elements sometimes associated with multi-level marketing (MLM) businesses. In MLM models, participants earn income by selling products or services, but also by recruiting others to do the same. While IWS doesn’t explicitly promote recruitment as a core aspect of their programs, some reviews suggest there might be an emphasis on bringing in new participants. It’s important to be aware of this potential structure, especially if your primary focus is on building your own business rather than recruiting others.

Do Loral Langemeier’s Programs Make Millionaires?

The promise of becoming a millionaire is undeniably captivating. IWS programs are built around this aspiration, showcasing success stories and testimonials from satisfied clients. But before we get swept away in the excitement, let’s take a critical look at the evidence.

The first thing to consider is the lack of transparency surrounding success rates. IWS websites prominently feature positive testimonials, painting a rosy picture of graduates achieving financial breakthroughs. However, there’s no clear information on how many people actually reach those lofty income levels. Verifying these testimonials through independent sources is also difficult, making it hard to gauge the program’s overall effectiveness.

Financial experts tend to view “get rich quick” schemes with a healthy dose of skepticism. It’s not to say IWS is a get-rich-quick scheme. In fact, I’ve heard Loral say many times that it isn’t about getting rich quick. She will tell you it’s going to take a lot of work.

Building wealth is a gradual process that requires discipline, education, and often some calculated risks. While IWS programs might offer some valuable strategies, there’s no guarantee of a six-figure income, especially within a short timeframe. It’s important to remember that everyone’s financial situation is unique, and success depends on various factors beyond the scope of any single program.

Here’s an alternative perspective: achieving financial freedom doesn’t have to be an all-or-nothing proposition. Many people have found success through traditional investment strategies like diversified portfolios and long-term planning. Investing in yourself through education and skill development can also lead to lucrative career opportunities. The key takeaway is to explore various options and develop a personalized roadmap to financial security, avoiding programs that promise unrealistic overnight success.

Potential Red Flags and Considerations

As we navigate the world of financial programs, it’s important to proceed with caution. While IWS programs might sound appealing, there are some red flags to consider before investing a significant amount of money.

Lack of Transparency About Credentials and Location:

Have you ever noticed a company website that’s a little too light on details? This can be a cause for concern, especially when dealing with financial matters. IWS’s website focuses heavily on promoting their programs and testimonials, but details about the company’s headquarters location or the credentials of their instructors can be scarce. Transparency is crucial for building trust. If a company seems hesitant to share basic information, it might be a sign to proceed with caution.

By the way, their headquarters are located at:

2701 Northgate Ln # 1, Carson City, NV 89706

Their phone number is (775) 588-9200

Overly Promotional Language and Lack of Concrete Details:

Let’s face it, we’ve all seen our fair share of flashy advertisements promising instant riches. While IWS programs avoid the most egregious sales tactics, their websites often use language that’s more motivational than informative. They emphasize the potential for financial freedom but provide limited details about the specific strategies or the curriculum participants can expect. Remember, the devil is often in the details. Before investing, it’s essential to understand exactly what you’re paying for and what kind of guidance you’ll receive.

High-Pressure Sales Tactics (Based on Reader Experiences and Online Reviews):

Imagine this: you attend a free seminar about financial freedom, only to be bombarded with high-pressure sales tactics afterwards. This is a common experience shared by some who’ve participated in IWS events. The initial offer might be a free workshop or consultation, but the ultimate goal seems to be enrolling you in a much more expensive coaching program. These tactics can be manipulative and create a sense of urgency that might cloud your judgment. Remember, a legitimate financial program should empower you to make informed decisions at your own pace.

Inclusion of Arbitration Clauses in Contracts:

Have you ever come across a contract with legalese that makes your head spin? Financial programs often involve contracts, and IWS programs are no exception. Here’s a point to be aware of – some IWS contracts reportedly include arbitration clauses. While they might seem insignificant at first glance, these clauses can limit your ability to sue the company in case of a dispute. It’s crucial to understand the implications of any contract before signing on the dotted line, especially if it includes limitations on your legal recourse. Consider consulting with a lawyer or financial advisor if you’re unsure about any aspect of an IWS contract.

My Summative opinion

I stop short of calling Loral Langemeier, LOL, or IWS a scam. Perhaps their intentions and motivations are honorable. Only they know that for sure. You be the judge.

However, I’m not going to give them the distinction of being what I would consider worth the price.

Would I recommend them?

ABSOLUTELY NOT!

NEVER!

I will say that the information I received was sound and accurate. On the other hand, I could have gotten all the information for free by doing my own research.

If you have hundreds or thousands of extra dollars to throw around and you have no clue about business or making money, then IWS may be just the place for you.

If you like being constantly upsold and pestered to sign up for this, that, and the other thing, you will definitely be in the right place.

If being constantly told you are in the right place and to hang in there, even though it sounds and feels empty, yes, you’re right where you need to be.

If you don’t have money to waste, and you value what little you have, I suggest you keep it. There are much better choices. I’m happy to share my favorite choice (below) that is much more affordable, yet every bit as valuable and what I’ve found to be much more practical and realistic.

I take full responsibility for my naivety, impatience, and stupidity for believing that Loral Langemeier, LOL, or anyone could do for me what I believed and hoped they would do. I actually believed they were going to help me start a business that was custom-fit to me.

I got caught up in the hoopla and rah rah.

I can’t blame anyone but myself for my decisions.

On the other hand, I feel it is my duty to tell my story and warn everyone who is considering joining IWS, to take a good hard look at the details of the contract. I also advise anyone who is considering joining them to look at other options.

From my perspective, the bottom line is, they are WAY over-priced for what you get.

Maybe you’ll see it differently.

You can’t say you haven’t been warned.

Financial Planning for Seniors: Special Considerations

While the core principles of financial planning apply to everyone, there are specific considerations for seniors approaching retirement or already in their golden years. Here’s a more detailed breakdown of these key points:

• Protecting Retirement Savings:
  • Once you retire, your income stream likely changes. Preserving your retirement savings becomes paramount. This might involve strategies like minimizing unnecessary expenses, considering an annuity to convert a lump sum into guaranteed income, or carefully managing withdrawals from retirement accounts.
• Understanding Medicare and Social Security:
  • Medicare and Social Security are crucial programs for senior citizens. Familiarize yourself with eligibility requirements, enrollment processes, and how these programs can impact your overall financial picture. Consider consulting with a financial advisor specializing in senior planning to optimize your benefits.
• Planning for Long-Term Care:
  • Healthcare needs can change as we age. Consider the potential costs of assisted living facilities, nursing homes, or in-home care. Long-term care insurance can help offset these expenses, but it’s important to factor in the premiums and potential limitations of such policies.
• Reducing Debt:
  • Carrying debt into retirement can be a burden. Prioritize paying off outstanding debts like mortgages, credit cards, or personal loans before you retire. This will free up more income for essential expenses and unexpected costs.
• Estate Planning:
  • Having a will and power of attorney in place ensures your wishes are known regarding your assets and healthcare in case of incapacity. Consider consulting with an estate planning attorney to create a comprehensive plan that protects your loved ones.

Additional Resources for Seniors:

• National Council on Aging (NCOA): https://www.ncoa.org/
• Social Security Administration: https://www.ssa.gov/
• Medicare.gov: https://www.medicare.gov/

By incorporating these strategies and utilizing the resources available, seniors can navigate financial planning with greater confidence and security.

Unveiling the “Millionaire Maker”: Fact or Fiction? Demystifying Loral Langemeier’s Programs

So, there you have it, a comprehensive look at Loral Langemeier’s programs and the world of promises. We dove into her background, explored the structure of IWS programs (formerly LOL), and analyzed the claims of financial success. We also discussed red flags to watch out for and the importance of due diligence before investing any money.

Remember, building wealth is a marathon, not a sprint. While IWS programs might offer some guidance, transparency and realistic expectations are crucial. Consider these key takeaways:

• Do your research: Before investing, investigate the company’s background, check credentials, and read reviews from past participants.
• Beware of red flags: Overly promotional language, lack of transparency, and high-pressure sales tactics can be warning signs.
• Seek professional guidance: Consider consulting with a qualified financial advisor who can develop a personalized plan for your unique situation.
• Understand contracts: Don’t be afraid to ask questions and get everything in writing before signing on the dotted line, especially regarding arbitration clauses.

My experience with Loral Langemeier’s programs was a learning curve, and hopefully, by sharing it, I’ve empowered you to approach any financial program with a critical eye. Remember, taking control of your finances is an empowering journey. Focus on developing valuable skills, exploring diverse investment options, and seeking trusted financial guidance along the way. By prioritizing education and smart planning, you can pave the road to a secure and fulfilling financial future.

Now, it’s your turn to take action! Use the resources mentioned throughout this article to conduct your own research and explore alternative paths to financial freedom. And remember, if something sounds too good to be true, it probably is. So, proceed with caution, stay informed, and happy investing!

People Also Ask (PAA)

Is Loral Langemeier a scam?

This is a complex question. There isn’t enough evidence to definitively say Loral Langemeier’s programs are a scam. However, there are red flags to consider, such as lack of transparency about success rates and instructor qualifications, along with high-pressure sales tactics. It’s crucial to do your research and approach the program with a healthy dose of skepticism.

How much does Loral Langemeier’s program cost?

The cost of Loral Langemeier’s programs (offered through Integrated Wealth Systems – IWS) can vary depending on the specific program you choose. Prices typically range from a few hundred dollars to several thousand dollars for their high-end coaching programs.

Are there any free alternatives to Loral Langemeier’s programs?

Absolutely! There are many free resources available online and in libraries to learn about wealth creation and internet marketing. Consider checking out educational resources offered by reputable institutions, government agencies, or financial literacy programs.

What are some reputable financial advisors?

Finding a qualified financial advisor can be a smart move. The National Association of Personal Financial Advisors (NAPFA) is a great resource to find fee-only fiduciaries who are legally obligated to act in your best interests.

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