Ready to fast-track your journey to millionaire status? Join host Bronson Hill and co-host Nate Hambrick for an electrifying conversation with Loral Langemeier, a six-time New York Times bestselling author and founder of Integrated Wealth Systems. Recorded in mid-May 2025, this episode dives into Loral’s 25-year legacy of mentoring millionaires, from her Nebraska farm roots to building 272 fitness centers for Chevron’s oil rigs and distributing 25,000 Cashflow games globally.
A master of wealth creation, Loral shares insights from her books, The Millionaire Maker and Make Your Kids Millionaires, revealing how to shift from a make-and-spend cycle to a make-and-invest mindset. Discover why 86% of millionaires are self-made, how to leverage debt for 15-18% returns, and why alternative assets like oil and gas, aviation, and crypto in Roth IRAs outperform traditional mutual funds. Loral also unpacks tax strategies—using trusts, LLCs, and depreciation schedules to slash taxes—and the art of brokering deals to solve high-value problems.
Loral’s actionable steps, including her “Three Days to Cash” workshop, will inspire you to build wealth boldly.
Get my new book: https://bronsonequity.com/fireyourself
Full Transcript:
Bronson Hill: Welcome to the Mailbox Money Show. I am your host, Bronson Hill. I am super excited to be here today.
We’ve got an amazing guest today, really a rock star guest. And we have my co-host today as well. We have Nate Hambrick.
How’s it going, Nate? And tell us, what are you most excited about for this interview?
Nate Hambrick: I’m excited because Loral’s been in the industry for a long time, and so I’m excited to learn some things about marketing. Maybe some real estate stuff, and some tax stuff as well.
Bronson Hill: I think the thing I’m most excited about, I mean, there’s a lot of things that she’s actually a six-time New York Times best-selling author. And so, but one of the most recent book is actually called Make Your Kid a Millionaire. So how does somebody go about doing that?
I’m really excited to kind of get in and jump in and talk about that. And also, there’s another book called The Millionaire Maker, which is similar to my second book called Rich Brain. I believe, one of the wealth habits and mindsets that people do to become wealthy.
So we’re excited to do it. So hopefully you’re listening along the way. You’re excited to be here with us.
We’re really excited to just have a really honest conversation about investing and what we can do to be able to grow as investors.
So Loral, so good to have you with us. Excited to have you join the Mailbox Money Show.
Loral Langemeier: Thank you. It’s exciting to be here. It’s been a little minutes and I look forward to our conversation today.
Bronson Hill: Yeah, me too. Me too. Well, we want to have kind of a round robin conversation here, but wanted to hear just for people that are not familiar with you and haven’t read your books.
You’ve been doing this a long time. So give us a little bit of picture of who you are and your passion for helping people with finance.
Loral Langemeier: Oh, absolutely. And it was funny that, you know, hearing it like I’ve been doing it for a long time. I remember when I was the baby and the beginner in the industry. And hearing people say, Oh, I’ve done 20 years, 30 years, 40 years as a young one that like, you’re going to do this stuff for 40 years today.
So this year is our 25th anniversary of our big table. It’s our mentoring mastermind that is designed to do this, to make millionaires. So we have two, as you guys know, I think 2005 came out.
I wrote this came out in 2006. Super authentic, like New York Times, like January 21. I remember like I was on stage and somebody’s like, you hate.
So and now 20 years later, we relaunched version two. So super exciting. That is our signature brand that has kept us together for a very long time.
But my backstory is I grew up in farm in Nebraska and at 17, went to a leadership camp for an athletic program that I was part of, going to school to play basketball. And it was one of those seminars like they still do them today, but you see a lesson, less of them like run to the stage and you’re going to get a book. So here I’m 17, I run to the stage and Dennis Waitley was teaching and gave me Think and Grow Rich.
I consumed it. If you can imagine 17 farm girl from Nebraska going, Oh my God, there’s this whole other way you can live like masterminds and people actually have, It’s just shocking. So I was like, Oh, I said, I’m going to go figure out why so few people learn to be millionaires.
So I changed from being a lawyer going into college to getting a finance degree in business theory, thought that’s what I wanted to do. I’ve worked in a banking, like investment banking for less than a day and walked out and said, this is not me. I’m not in the job has been an athlete my whole life.
So I went, I did everything that most people do at my age. And that was like mid eighties and I went back to school. You either get a job or go back to school.
Nobody’s teaching you to be an entrepreneur. Even though I was an entrepreneur, I had a personal training business. I was doing well into six figures.
So making money has always been kind of an easy craft for me. And I know how to leverage. So I had 16 people working for me at 21 years old.
And so I went back and got a master’s degree in exercise physiology, because that’s what I love to do. I knew how to work out and build fitness programs. And Chevron hired me. Contracted me actually didn’t hire me at 24 to build 272 fitness centers on offshore rigs.
So that was my big yes moment. I call it because I remember flying back in on my helicopter interview, right. Of the hard hat and steel toe shoes and little goggles and all the crap on.
And they offered me the position. They said, so are you going to move out of Nebraska and move to New Orleans and fly around in a sea plane and helicopters and build fitness centers? And out of my little yes mouth goes, Oh, absolutely.
And you know what happens? Cause you wrote the mindset book too. Like all of us, you don’t need to, we’ve all been in this for so long.
It’s like, you say yes. And then in nanoseconds, you come up with a thousand reasons why you’re not going to do it. Like I don’t know how to do it.
I don’t know how to do engineering. I don’t know how to, where’s this fitness center going to be on these rigs that have smoking environments. So it was just this funny experiment.
And anyways, years later, they promoted me to corporate and that’s where I ended up in San Francisco. And I did it from all over the world. I went to Angola, Papua New Guinea and built fitness centers.
And then met Bob Proctor in my journey. And in 1996, I’m like, Bob, I got to get out of here. I’ve done this path.
And I want to get back to finance millionaire myself, a millionaire. Where do I go? And he said, well, get out of plane and go meet Sharon Lecter.
You’re going to sit at a kitchen table. And I said, what am I going to do? And she said, well, they want to write a book, but they have this game and you know how to market anything.
So go get the game right. So I walked out, I walked in the exercise physiologist for Chevron. I walked out the master distributor, the cashflow game.
And that’s like an identity crisis from heaven. I mean, it was like, oh, now who do I like, you know, websites. This is 1996.
So websites were up, but not like prevalent. I’m like, how do you do this? Again, my energy, a little moment.
I flew to Chicago tonight and Gal Conant, who was still selling hard products and CDs and remember all that stuff way back. It was probably pre-year guys of the day. And then, so I just learned how to sell and put 25,000 cashflow games on the map, took it all over the world for those guys.
1999 real estate millionaire, followed by a gas and oil millionaire hit both two years in one year. And then in 2000, I lucked and I should say the rest is history. And then 2001 is when I really put the mastermind principles in play.
I had 42 one-on-one clients and I’m like, well, how do I do that? I’m killing myself. These people need to be in a conversation together.
And then I formed what was called the big table. And that’s what I’m in my 25th anniversary of. So that’s where we are.
We just had a huge event over 300 people here in Reno. We were at the Silver Legacy Expo Center. It was phenomenal.
It was such a big event. And yeah, it was good.
Bronson Hill: That’s awesome. I love it. Well, I love variety of things you’ve done.
You’ve been involved with a lot of amazing people. One of the things that I find really interesting is, most millionaires, you kind of touched on this. A lot of people think in our culture that millionaires are kind of like it’s, you’re either born a millionaire or not, but the facts are, I mean, 86% of millionaires, according to Fidelity Investments, the 2019 study showed that they’re, they actually are self-made.
So people did not, they figured out they were learnable, teachable things. And so when you talk about the millionaire maker, it reminds me, I’m starting to write this book called Rich Brain, and it’s basically the, the mindsets around that, but what have you found kind of are the things that allow people kind of the building blocks and how people to become millionaires, or is it, is it mindset first? Is it they take the actions first?
Like what do you see kind of helps people to get there?
Loral Langemeier: The speed, cause my promise is three to five years. And I did the whole mindset stuff, obviously coming out of the Bob, the Bob world. And I was also Dr. Phil’s money expert. So coming from that kind of trajectory of being taught mindset, how you think and how you be is how you do and how, right. I’m like, so I started this whole thing. My second book, when McGraw Hill hired me, they hired me to do a three part series.
So millionaire and then the cash machine is how do you build a seven figure business, which creates enough of the income that you go invest. And so the simple answer is most people are trained to make and spend, make and spend, and they don’t believe that pattern. Millionaires make and invest.
They know the power they’re not scared of debt. They understand debt’s just the cost of money. So, I mean, if I can get 0% money and I don’t care if it’s a million dollars and I go a million dollars in debt and I can make 15, 18% I’m in.
I don’t care if I carry a million. That is like we, so we arbitrage debt, just like a bank does. So we use all the strategies that are available.
And so what I found in my cash machine book, I started in 2007, a very interesting workshop. And we kind of evolved over about three or four or five months where I put people in a room and just was teaching them how to make money, marketing sales, the ask, right? How do you even open your mouth and say, my name is Loral.
I’m a money expert. How could I help you donate with money? And then made it with solid and said, and I would sell him like right now.
I call it fast cash. How do you make money in the matter of minutes? And as got more refined by, by, by up to six months, I was guaranteed that if you came to my room, it was called three days to cash in three days, I guarantee you will walk out with money or you get your money back.
And I’ll tell you that took off. It took off all over the world. I took that to six of the seven continents because it’s so much about marketing sales, talk, track, the story, the problem you’re solving.
Who are you? Are you a service provider, not a salesperson? So it just, I mean, it became a 17 year, right?
It was the biggest run of our life. It was crazy to Australia. And in one day made a million bucks in sales and I’m like, all right, I’m onto something is teaching people how to make money.
And I spent a lot of time there, but then, to make millionaires they have to invest. So then I came back over and then I did off wall street assets. Because that’s what I believe in. And so the wealth cycle book is all about the alternatives, not just the stock market, you know, fast track their learning.
Nate Hambrick: Cause what you just described is a lot. So for somebody who doesn’t know marketing has never invested, never is taken on.
Bronson Hill: You’re going to walk out of here with a million dollars, Nate, you’re going to walk out of this call with a million dollars.
Loral Langemeier: But if they work out with 10 or 15, you know, they might criticize them, say, well, it’s only 10 or $15 or just a thousand dollars. And some people, like one person, the most ever made in the room was one person wrote, I think, 20 something thousand dollars in three days.
Nate Hambrick: Nice.
Loral Langemeier: But she was already up and running and she just took a few angles and a few strategies of how do you bundle? How do you package? I mean, so each, we would do content that everybody’s up, you know, basically practicing their pitch.
So I go to Nate, my name is Loral. I’m a money expert of the, blah, blah. And then you go back to me.
So it was very focus grouped. But what I found is that when people say, oh, I have a money issue, but they have money in their pocket. I don’t care if it’s a small amount.
They have to reconcile that they don’t have a money issue. They have a knowledge issue and they have a skill issue. So then let’s refine your skills to do the skills of millionaires.
Right. And be an entrepreneur and entrepreneur skill sets are three things that are not taught. My son has a master’s in accounting.
My daughter’s getting right now. She’s headed to Flagstaff this fall. Then I’m an empty nester.
I’ve been parenting for 26 years, but who’s counting they’re like, oh my gosh, you’re going to be like, what do they call it? An empty nester. I’m like, I can’t wait.
I have to get up at six 30, get somebody packed for breakfast. Like I didn’t do whatever I want. I’m over there like, mom, you shouldn’t be so excited.
I said, I can’t wait. Anyway, my point is my kids, very highly educated. And my son says today, right, becoming a CPA, he’s got one test left.
He said, I’ve never been taught anything you teach. So he ended up taking me to Georgia Southern Jacksonville University. I started teaching football teams who he played a D one football, Georgia Southern started teaching athletes.
That’s my, one of my big pro bonuses, kids and athletes. I just get it for free. And I love teaching them because they don’t know the difference between a debit card and a credit card, but when I teach them to make money, I can tell you there’s nothing more definitive about the psychology and their strength.
Cause they’re like, Oh, I can do that. Like this one kids. Zion is he was a corner for Georgia Southern was, and he’s like, I just like being outside.
I said, well pick something. So he called me back. He said, how about if I buy a pressure washer and you help me lease a truck?
He said, yeah, couldn’t I just do a pressure washing business? That kid is getting 17 to $20,000 a month contracts to pressure wash. So I just teach them, make your own money as fast as you can.
Steve who’s behind me on my technical side, I’ve taken people to Nashville, I can actually say they actually just hit three best sellers on the highway and country music. Yeah. It’s just when you teach them to make money, it gives them a skill set that I don’t have to get a job.
I actually am capable of making my own money. So that confidence then translates to investing because now they know enough about, okay, I know how to solve a problem. I know how to market, sell and manage cashflow.
Now it’s time to learn to invest. So I actually push it all at once simultaneously and say, you’re going to make it an investment.
Bronson Hill: It’s really huge. It reminds me. So I went to the high ticket event.
It was a $7,000 event. It was a cruise for a week and I basically had a conversation with a guy. And basically from that one conversation, I made a million dollars over the next 18 months.
Loral Langemeier: Yeah.
Bronson Hill: It literally came from like somebody at the table when he’s round tables and said, it’s like that quote, make yourself valuable to valuable people. And so a lot of times it’s just simply like finding a way to like bridge like, okay, this person, like people that are wealthy have issues to solve. You have a business owner.
If somebody can solve a problem for me, I would pay somebody, hundreds of thousands of dollars to solve certain problems for me because it’s that valuable. And so it’s just like trying to find a way. So a lot of people think it’s like, oh, I don’t have money, but it’s like, there’s a lot of people, if you can just be a, be somebody who helps with a solution, there’s a lot of value created and I think that’s what people don’t realize, right?
Loral Langemeier: Well, and I call it brokering. The best entrepreneur is broker deals. Like you have something, Nate has something.
I know how to put the deal together. So it’s understanding the structure of a deal and that takes a while, right? I’ve screwed up a ton of them.
I’m sure you guys have screwed up a ton of them. And then you learn very specific deal points. One of my best partners, he and I own a trust company together cause we do a lot of legacy work.
Helping you coordinate a real legacy. Meaning not just, that your two generations get it that it’s designed for, Rockefeller style. And so we have this 30 minute program.
It’s called, design your divorce while you’re in love. And it’s the nine points of design your divorce while you’re in love. But it’s about business and it’s about design.
Nate and I want to go do a deal. Now we need to do an LLC with an operating agreement or a C or an S, whatever was shareholder agreement. Either way, there are points to the deal that if you just go get the crap off legal zoom or office stock and block, contracts, a portal, you’re not going to get the deal.
So for example, I’m not married, just got divorced. If Nate, if you’re married and you die in our agreement, do I want your wife or your partner as my partner? Like there’s so many little things that I have seen derail the best projects upon a death and accident because nobody talks about the, the rough parts, right?
And there’s nine rough parts that I found through all my career becoming a millionaire. And I’m a millionaire at eight industries right now, soon to be nine, which is marijuana, not quite there yet. I thought I did it last year, but it’ll be my goal is 2025 then I’ll be a millionaire nine categories and every one of those deals is why I’ve learned it.
I mean, I, and I’ve watched my students just like end up in a big battle. So, if I think about the deals and I’m curious about you guys, I mean, I would say that bad partners, bad deals, unbalanced, unbalanced, on risk pro pro rated, I’d say deals are the ones that don’t work. So if somebody walks away from a table, I call it a 360 and Nate clearly has the upper hand over time, Bronson and I, we’re going to go away.
It gets just, it won’t work. It has to be a balanced, fair, accountable deal in my 25 years of, you know, doing this. And again, have I done it all right?
But it’s also what taught me why designing your divorce before you start the deal. And women are the worst women fall in love with the deals, falling off with each other. Oh my God, girl, and they just jump into business, no corporate structure, no operating agreement, no deals.
One woman typically has the bank account, the stronger financially, and the whole thing falls apart. And they wonder why I could have told them from the beginner, don’t start. All right, you guys.
I mean, let’s go around. Robin said, no, I think it’s it’s true.
Bronson Hill: So we buy e-commerce businesses. We do real estate. We do other, you know, oil and gas.
Nate and I are partnered, we’re partnered kind of on a passive level on some deals, but a partner of mine, I’m a partner of Bryce buying a business. Like we have kind of a buy sell agreement that’s triggered right away. If one of us, something happens or there’s a issue, like we can just basically trigger it and you don’t go into with the other person’s spouse or something, it’s just kind of triggers it.
But I think that’s important. But Nate, Nate’s actually the author of a, of a book called The 18 Laws of Leverage. I’d love to know kind of what take place as well, like from partnership perspective.
Can you talk about that, Nate?
Nate Hambrick: Yeah. So I, I go in very surface level on how to set up trust and LLCs to protect yourself. So that’s more the part that I focus on in the 18 Laws of Leverage, but I have a lot of friends that own, they get a little complicated with it where they own a lot of single family houses, a lot of multifamily houses that are all registered in the name of one of their daughters with a different last name in Pennsylvania or Michigan.
And that way we all know that litigation is going to happen. If you own enough rentals or you own enough fill in the blank, and so there are ways to set that up to make it very difficult. Cause the reality is, at least in my experience most lawyers are just throwing everything at the wall and seeing what sticks, right?
They’ll just see what sticks. And if they have to go fly to Michigan, to a PO box to find, they’re just going to give up. And so for those kinds of lawsuits, it’s really easy to protect yourself.
But I was actually going to ask you a little from a trust and LLC perspective, what are some of the basics for our listeners? What are some of the basics that you recommend across the board for people that are trying to have that Rockefeller legacy?
Loral Langemeier: Well, start with a revocable for sure. Like, I mean, you got to get out of probate and many lawyers, I’m sure you’ve seen it like we should all do a book swap because I’m seeing your book, Bronson, I’m seeing your book, you see all like swap books and send them around. And I’m a book reader, so I want the physical copy, not the audio.
Nate Hambrick: Let’s do it.
Loral Langemeier: We should do that. It’d be fun.
So what I see is there’s so many estate lawyers. It’s shocking that my client will come through like my Ask Laurel, because I have an askroel.com portal where they just ask questions. And I said, well, my estate lawyer said we are not a probate state.
Or I was married to a Canadian like, oh, I live in a province, blah, blah, blah. And we don’t have probate. It’s like everywhere in the world has program at probate.
I don’t care if you’re in Kenya, I don’t care if you’re in Dubai, you will go to probate because the government wants a piece of you when you die and you will be evaluated as such and how you set it up. So minimum, minimum, in fact, my son just got married, he’s 24, they’ll be 26 and 27 or eight. And for their birthdays this fall, I’m going to get them into their first trust because if anything happens to either one of them, they both got pretty well established estates behind them.
So they’re going to go into it differently. And then as you grow in your wealth, you set up a revocables trust. So in like, I’m in Northern Nevada, and Nevada has a very unique spin thrift trust is what it’s called, but it’s essentially an asset protection trust that have assets are held inside that trust.
And for two years or more, they pretty much that’s what the bulletproof structure is in Nevada. It’s a very interesting, you have corporations that are held, and then you straddle them. Like we do a lot of like 98 and two or 90 and 10 straddle ownership is always held by two very different kinds of trust.
And it just wraps the estate is they become higher net worth. So everybody’s got their definition of what higher net worth. I mean, it used to be five in the day and a 10, now it’s more like 100 that obviously a mistake I see a lot as people own straight to the trust, and they avoid the corporate corporation being held in trust to the company, tax advantages, because the trust don’t have the tax advantages, the company.
So we do a lot of everything’s held in companies, I call it living corporate life. So your, your, your life’s wrapped up in companies that are held in trust very strategically wrapped. And then there’s a whole other layer of privacy for those who want that.
And so it’s a interesting model.
Bronson Hill: I think it’s really interesting with all the obviously, like, I think that’s the issue with some of these asset protection trusts that like, you know, you could be in the court of law and somebody says, do you own all these assets? And you can say no, because the trust owns it, right? But you control the trust, but you don’t own it.
And so when I learned about that, it was really interesting. You know, it’s interesting to a lot of people like myself that are more active in real estate or active in business, you need to have access to liquidity, you need to have access to the, so sometimes like you do need to show that you do own things and you have certain things. But there’s kind of like when you’re doing all that, like we raise, you know, we’ve raised $50 million from retail investors.
You’re taking on liability, right? If a deal doesn’t go well, something like you’re taking on that risk. And so what at what point is it?
Is it 10 million, what makes sense when it starts to actually start setting up not just a living, like a living trust, but also like more of these asset protection trust type of vehicles? There’s costs, there’s carrying costs, all this. And there’s kind of like, what does it make sense?
Loral Langemeier: I think it’s up to a lot of people. A lot of our our trust team would say, you know, at two point, at least two, two point five million, you should be looking at the devil’s trust structure and then keep adding from there depending on your net worth. And you also have to blend, you know, the liability to your point.
I mean, your $50 million asset, you want that held way away from the rest of the house. I mean, that needs to be really isolated that it can’t come into your world or give you the least amount of problems if and when it does. That makes sense.
Bronson Hill: Well, that’s $50 million raised to go by of investor funds raised for assets. Yeah.
Loral Langemeier: That’s held in its own structure.
Bronson Hill: Those are all separate structures. Yeah, but yeah.
Loral Langemeier: Yeah, yeah. So I think it depends on what they they want, what their longer term goal is. I mean, I have a few people who have come in in their 70s and 80s, very, very wealthy, no children.
And they say, help me spend it all in my lifetime. I’m like, that’s actually kind of difficult to do. Yeah, especially if they’re not very charitable.
I mean, if they’re super charitable, it’s easy, right? That’s some foundations and go. But it’s interesting when people just want to spend it and then use deductions.
To your point on lending, though, is again, if you if if you have your your your bookkeeping done well and your tax strategy done well, like I only make thirty six thousand dollars in my employment from one of my companies as a single mom. And I rent.
I don’t own a car, a house, a vehicle. Like I am like I live completely and my kids have worked for my company since they were one day old.
They’ve had Ross since they were one day old. They were employed their whole life until they get to college. And then I have to fire them because now they have to look really, they had they need to be broke.
They don’t have any income. So then they they stay away for a while. So that’s part of what this book described.
There’s eighty seven steps on how I did the people say, why do you wait 20 years between the books? It’s like, well, I had to raise my kids.
Bronson Hill: I’d make you get the content for the book.
Loral Langemeier: I get the content and see if it really works.
Bronson Hill: I know.
Loral Langemeier: I know it’s good. Okay, we’re going to go this way.
Bronson Hill: Well, I want to ask Nate, I know Nate have some questions too, but I want to talk a bit about alternatives. And obviously we’re recording this mid-May. Lots going on in the world right now.
Tariffs, there’s a lot of uncertainty. A lot of people holding on. Lending is ridiculous.
I guess from a general perspective or maybe just a personal level, what are things that you find interesting in the alternative space right now? What sort of assets are you finding that, hey, this is something I think is interesting?
Loral Langemeier: Well, I’m still kind of in the same ones. I’ve become a millionaire and I love real estate and gas and oil. They’ll always be my two stock and block.
And it’s in gas and oil and so many people don’t realize it’s not investing. You know, when I had the contract with Chevron, I ended up being employed because I couldn’t afford the helicopter insurance when I was super young. So I worked for a couple of years as a contractor and then I had to flip.
My point is sharing that is like, yeah, I have some Chevron stock because it kind of came with my whole vested plan. But that’s not what I want to talk about. I’m talking about buying the working capital interest of a well.
And you actually own like a percent of a 10 to $20 million well. That cash flows, your depreciation schedule can be as much as 85 to 100% of your of your top line ordinary income. So doctors, for example, that are my clients that are making half million dollars.
I have a surgeon that just and the only reason he came in is he paid over a million in taxes and he makes over a million because he’s a very specialized surgeon. So to get his taxes down, it’s a lot of corporate structure, trust structure. It’s a lot of tax planning, but it’s how you pay yourself and how you take that down.
As far as the alternatives is how you invest. And I teach a lot of folks, including how I activate is invest in the things that give you depreciation schedule. So gas and oil is the king of the kingdom, I call it.
Bronson Hill: Yeah, it’s huge.
Loral Langemeier: Aviation’s right next to it. I have an aircraft for almost my entire career. King Air is my kids are becoming pilots.
My daughter will be a pilot. I open like six weeks.
Bronson Hill: Are you a pilot also?
Loral Langemeier: No, I like to buy the plane, take the depreciation and sit in the back and drink some wine.
Bronson Hill: That’s these jets or these prop planes or what are these?
Loral Langemeier: No, King Air.
Nate Hambrick: They’re like they’re usually dual props. They were props. OK, I know a lot about aviation.
Surprisingly, I know quite a bit. But I keep going.
Loral Langemeier: That’s also because of Key Man and just speed. And like in the day when I was really like that three days to cash. I was probably doing three five shows a week.
I’d just take my kids with me and we would just go. I mean, we had quite an interesting life growing up. And my kids say during their high school, they didn’t like it.
And now that they’re like older, they’re like, you taught us so much traveling because they just know how to get around. They have now I didn’t have to make a decision. They know how they know about safety, you know about security.
There’s just so much of that just comes with that life that it doesn’t feel good as a kid getting drug around when your kids, you know, their friends are normal, whatever normal is. I don’t think there’s such a thing. The other things though, I’m not talking about this.
So those are always, I always look at investing from can you can you have a depreciation schedule?
Nate Hambrick: Walk us through real quick for the person who has never thought about buying a King Air, how does that work? Do you buy it primarily with debt? So you’re you’re leveraging you get more depreciation.
Like give us the rough outline of what that looks like.
Loral Langemeier: Outline, you get about five years as a typical and the best that you can do five to eight years. But aviation lending, if you know where you’re looking, is really low. Like I had a sub two loan on a three million dollar aircraft.
So the first time I got introduced to it was in 2007. My dad passed away and I needed to get home to Nebraska. I lived in Lake Tahoe and there was no way out with the storms.
And so one of my clients had a King Air. I said, I need to fly. I need to go.
And he sold twenty nine thousand one way. And I said, I’m leaving. So then Beechcraft, they called me and condolences or your dad passed.
We’re going to pick you up and take your whole family back to Tahoe for free. One consideration. This is typical of Beechcraft.
We’re going to put a sales rep on the plane. I’m like, I don’t care. Like I’m going to buy a plane.
So again, like most people listening, you think it’s out of your range. By the time we landed, I bought the plane. So I just got good salesmen.
Well, I just cashed out a supplements business that was my third millionaire thing. We bought a really broken supplements company. We built it from barely making twenty to thirty dollars a client.
And I said, yeah, but if you can add a zero and every order goes two hundred to three hundred. Oh, it’s huge. Yeah, our valuation was huge.
So I was flush cashing. So I put a million down as three million dollars and I financed the two. And then I turned back to my company here, integrated wealth and said, all right, team, since the event team now gets to go on a king year and put all the equipment in the back of the go, go, go, we need to make an extra fifty thousand a month.
And that’s pretty much what it was between fifty and seventy, depending on how much you plant, which of which you fly, how much you put away for your maintenance capitalization. You have to have a pilot. The other thing, too, about a king year versus a jet is you only have to have one pilot.
Pilots are on the average five to eight thousand a month each. So you you save a lot there. Mine also is with security.
He was ex-military, so he packed. So I need him securing a single mom with two kids. I multi purposed him and then you have to have a mechanic and you got a hanger.
But it works through. And then you get, I mean, you get 100 percent depreciation for up to five years.
Bronson Hill: Wow. So everything you spent on that, you’re able to use, you’re able to use it in the business. My friend Ken McElroy did the fort in my book.
Loral Langemeier: No Ken.
Bronson Hill: Yeah, Ken’s a good friend. Yeah, so he flies all around with that. Just goes all around.
He uses it for business. And there’s a lot of write offs. I think Robert Kiyosaki was talking about that a little while ago, about how he uses his jet to write off things.
And it’s but it’s amazing. Like you mentioned oil and gas and then you mentioned the plane. You mentioned these are things that a lot of people just don’t think about, that these are things that actually water rights.
Loral Langemeier: What if you do water rights right? Mineral rights. There’s just there’s so many different kinds of assets.
Storage units are amazing. RV parks. So think hard assets like the way when I teach, like you said, Nate, the beginners who just look around and said, you know, most people have a job in their heads like this or the heads down.
And I said, go when you drive home from town, look at every building, look at every business. Somebody owns every business in every building. So why aren’t you in more businesses and more real estate?
Just think like basic stuff. And start with easy stuff like, I flipped a nail salon, a hair salon, a pizzeria, like all the little stuff because I thought, well, if I could flip real estate, I want to learn to flip a business. Like, so what are the due diligence points?
Well, one, do they have a buyer list? That’s how I bought the pizzeria, that huge buyer list. But it was literally in a little black book.
So we had a digitized and we started text marketing saying, hey, Nate, do you and your family want your same pepperoni and blah, blah, blah, whatever kind of pizza? And then for you, Bronson, do you want your Monday night or Sunday night football party and I’ll bring wings with it like so we just started texting. We just started getting this like and then once I ramp it up, then I get rid of it.
Bronson Hill: That’s great.
Loral Langemeier: A lot of that. So I do a lot just because of who I am. And I feel like I need to stay in front of my clients.
So I’m like my own experiment.
Bronson Hill: So let me ask you, what do you think? I think today, you know, we’re in twenty twenty five. There’s so much information, of course, you know, chat GPT, all the A.I. stuff happening. We think that, you know, there could be whole industries that are just kind of like automated all the accountants or all of a sudden been doing it 20, 30 years. They’re just done because we don’t need that service anymore. What do you think?
As far as people, like somebody listening, like I want to develop myself as an investor, I want to develop myself as a like, what’s what’s kind of step number one, step number two, like like today, that maybe is different than how it was 20 years ago, but things that like how they’re changing, has it changed at all or is it just the same that it was? And what are those steps?
Loral Langemeier: I think it depends on their goals because I mean, the one thing I would challenge about chat GPT ever taken, they might take a basic CPA historian away. They’re not going to take what I call a forecast forward strategist and that’s what our team is a strategist.
Bronson Hill: Yeah, sure.
Loral Langemeier: Like a total like so. OK, now you made that in the past. So they’re not recording your history.
They’re in the front saying, all right, well, I’m going to make seven million this year. I made five last year. How do I now account for the extra two million in income to reduce my taxes?
Like that isn’t a chat GPT strategy. You can get some basic tips, but I mean, I’m going to protect that pretty heavily because that’s what we’re known for is helping people take their tax down and invest in a way that takes their tax down. Because there’s also things I know you’re beginning to question, but I want to I want to wrap up a few things on the more mature side of for folks is using your Roth IRA strategically like I use my Roth for really what I call runaway assets for and I teach in very common sense terms.
So if you guys don’t know what all that means, Bitcoin, I bought it at four, put in my kids Roth, put in my Roth, loaded it, sold off the 20 percent, bought it like low and just kept doing the strategy of buying and selling and have like four dollars or four thousand dollars. Four thousand. And I was like, it was at 40 and I let it run up to 70, 80 and then I sold up down to 30s.
I bought in a bunch more. So you just kind of like those you use your Roth for. So there’s a strategy of what do I use my Roth for?
I use it for a lot of my cryptos. I have tokens. I’ve got a lot of that.
What do you use your just LLCs and that for and what do you flow through? Like one of the biggest mistakes I see is people putting like using IRA money for gas and oil. You can’t do that.
Your IRA doesn’t need the depreciation. You need it to flow through. There’s just so much about what is your goal?
Is it is it a tax strategy that you need to invest for? Is it is it do you want to grow for capital gains? Like what do you want?
Do you want a massive portfolio in stocks?
Nate Hambrick: So walk us through how you buy all of these assets within your Roth, because most people I know that invest in Roths, all they’re buying are mutual funds, right? Boring mutual funds that make very little for them. So so walk our listeners through how you would take your Roth IRA and how you would invest in crypto, etc.
Loral Langemeier: Well, first you need to start young. So I’m a huge fan. And you’ll again, you’re all going to get a link to go get this thing.
Your kids, if all you did and you can do their own math equation yourself from zero to 20. If all you did is max the Roth IRA is the only thing you did in their lifetime. And the average investment was about 13 percent.
You’d make them a millionaire just by doing that. And it’s like, yeah, so I mean, there’s so many parenting things. So how you buy it through your Roth, it’s been so much you have loaded up because you can put seven or eight thousand in our today’s rates.
If you’re over 58, if you’re under 57. So I make that just a thing that I do for my kids and I’ll do it for them for the rest of their life. That’s just my mom thing I decided to do when they were born.
They hate that they can’t reach it and touch it. I won’t let them distribute it to tell their sixties. That’s part of their safety net.
So you just you look at the different assets like another way to do like I did some Mexican real estate that way. So if you don’t have enough to put down, you can use your route to put a down payment. Now, the one thing is they’re self-directed, very creative firms.
And then there’s really crappy self-directed firms. And then there’s the stock and blocks, the Schwab’s Fidelity’s who say they self-direct, but it’s only back, like you said, Nate, into their products and their mutual funds. So there are things that there’s really creative real estate transactions.
So, for example, let’s just say I needed the depreciation and you needed the income. We could divide gas and oil as an asset. I take the cash.
I take the depreciation. You take the cash flow. We own it really creatively and you could put the cash into your Roth very strategically and legally done through documents.
And this is where I think the more advanced concepts get tangled for people because they don’t have the people they don’t have the team around them to do the documents legally and compliantly. And that’s another thing we are really clear about. So when you go in like, you know, that’s one that I’ve done for, you know, a lot of our clients have ended up doing.
Another one is participating profit. So if we’re going to do a great real estate project, we can come in at a low basis and it’s really going to have a huge appreciation. You can assign the appreciation to your Roth.
There’s a lot of advanced, cool strategies that you can use Roth with. And I know there’s a whole body of people who say, you know, Roth is just, it’s like a bottleneck in my asset class. It’s like, you just don’t know how to use it.
Bronson Hill: There’s Peter Thiel has like a billion dollars in his Roth or something. He did some creative thing years ago, some startup. He put a bunch of money in and it just like, he did PayPal.
Yeah, he did PayPal. He just passed an investment in PayPal. It’s like a billion dollars than a Roth.
And so I think they made some rules around that now. But it’s they are.
Loral Langemeier: They did do rules. So here’s the rules. Starting a year ago last year, 2024, because of him, no asset can actually go past the 10 million mark.
So one asset invested. So I just put a tech stock that I’m big in. But I only put a portion of the stock with the estimation of the plan because if it blows up, it will blow up your Roth at 10 million.
So one asset goes to 10 million in growth. It will actually it dismantles it. And then you’re taxed on the whole darn thing.
So there’s really strict rules on how you do it. That’s why you want a really compliant like up-to-date team that keeps you informed and your family informed on how you did make those moves.
Bronson Hill: I love it. Well, Laura, I really appreciate you. I mean, you have just a wealth of saving, just talking for a few minutes and you got a wealth of stuff.
I feel like I’ve just like gotten like a teaser of all your books. And I’m like, I want to just just take a day and just read each book and go through it. But how can people I know you have some free giveaways for everybody.
How can people reach out to you, follow you, hear about what you’re doing?
Loral Langemeier: Well, I have an Ask Loral campaign, A-S-K-L-O-R-A-L. So spell my name, right here. I’ll put it up there.
See, L-O-R-A-L.
Bronson Hill: That’s Loral.
Loral Langemeier: Yeah, that’s Loral. And then they can’t find me. And we have something special for the podcast listeners today.
I do an event once a month called The Millionaire Intensive, which sets up all of what does it really take to become a millionaire? And for the millionaires that come, it’s how do I take my taxes down, use corporate structure, trust, things like that. So it’s a it’s once a month.
The 20s, again, we’re mid-May, so May 22nd, I think is the next. And then we’ll have one in June, every month we do it. So we’re getting two free tickets to that.
We’re going to get my five books. They can’t get the kids book because that’s still kind of locked up at McGraw Hill. But you’ll get the ebook copy of all five books.
And what else are they going to get? Oh, and then a gap analysis. If anybody wants to talk to our team kind of 101 about how we could help them make money, help them learn to invest money, because we’re all education at Integrated Wealth Systems.
So I do all the investing around all of that, but you got to really want it. I mean, to be a millionaire is not that difficult. It’s just different than we’re taught.
And so we can’t be looking at Susie Orman and Dave Ramsey. I said, Susie and Dave are like one way and I’m completely like Kiyosaki, you know, Keith Cunningham. We’re like, we have a path and they have a path.
Theirs is safe and stable. Ours is what’s up.
Bronson Hill: Yeah, people don’t become wealthy through Dave Ramsey. I was an RIA, registered investment advisor, and then I just realized like, nobody can become wealthy through this. It can maybe not lose your wealth and maybe you can hedge inflation, but like, there’s so many hidden fees and, you know, all the different things that go into the conflict of interest.
But, well, Laurel, thanks for being here. This was awesome. I look forward, I’m gonna be on your show here coming up, so looking forward to that.
But thanks also to Nate for being here as well, brother. Thank you. And to all of our listeners, we’re just so grateful to have you here.
We’ll give a quick breakdown, but thanks again, Laurel. Thank you. All right, Nate, man, my brain is full, man.
That was super inspiring. I’m ready to jump out of my chair and go find a way to make $20 or $20 grand today. So what are your takeaways?
What’d you get out of that?
Nate Hambrick: I mean, she got me fired up. Couple of things. I mean, number one, you and I need to go 50-50 on a plane.
That got me jazzed. I mean, it makes perfect sense. And let’s face it, billionaires, people like Grand Cardone, the ultra wealthy own planes for a reason, and it’s not just for travel.
So that was really, really enlightening. And then also just her parts on the self-directed Roth IRAs, I think, are really, really helpful. I’ve never thought about buying cryptocurrency through that.
Obviously, lots of people talked about buying real estate assets or other alternative assets, but cryptocurrency is a fantastic idea because you don’t have depreciation with it. So it just makes sense to use your Roth money for that.
Bronson Hill: Yeah, I think that Roth IRAs and a lot of people do conversions. They’ll do 401K or self-directed to Roth. They’ll convert those.
So they get to a place where they’re retired at a lower income on the income side with their high net worth, and they’ll start converting it over. And then that’s a really powerful way. If you have high things that can just take a big jump, I think there is a place to do things that could be a little higher risk or bigger jump with those type of accounts that you don’t have to really pay realized gains on, which is amazing.
And then one big takeaway for me was just really, I just continually get amazed around entity structure and tax strategy that just when you think you’ve heard it all and there’s like 20 more strategies you’ve never heard of. So again, if somebody’s listening and like you’re paying more than like $100,000 in taxes, I just be like, what are you doing? No shame, but like you should talk to a tax strategist because there are ways to get that.
I know a guy last year paid $500,000 in taxes. I’m like, bro, like, do you know about oil and gas? Do you know about tax strategy?
Do you know about these things that can help? And again, I’m not a CPA, but there are people out there that are amazing. And CPAs, only like 2% of them are actually tax strategists.
So it’s kind of what Laura was talking about. So anyway, super glad that you joined us for this episode. If you enjoyed it, please share it with a friend.
We create, the Mailbox Money Show is really created to help you grow your passive wealth. So if you got value to this, please give us a like or review, hit the like button, just let people know about what we’re doing. And thank you for taking the time to educate yourself.
Look forward to seeing you on the next episode of the Mailbox Money Show. Talk to you guys soon.
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