[08.01] Becoming a Billionaire

• If you need more money, someone else has it.
• You need to provide a product and service and serve them.
• To me, mindset is that thing you sit around and think about.
• Most people know nothing about money.
• If somebody is out there and says, “I don’t know anything but I love Barry’s work,” then sell his JOY programs.
• Sell something that can give you money.
• To become a millionaire, you have to do more than make money.
• Mortgage company that wanted to hire me.
• They said, “Could you send a resume?”
• I know what a management deck is.

[17.55] Entrepreneurship

• I teach people how to become entrepreneurs.
• How do you make your first $100,000 in a year?
• Being an entrepreneur isn’t about being enslaved to a business
• Solopreneurs shouldn’t even begin.
• If you own a company as an entrepreneur, you’re going to have all these things that the company is going to have to do, not you.
• At a minimum, you have six departments.
• When my son was eighteen, he got an LLC for his birthday.
• Sell the simplest, easiest thing that you could just sell right now

[22.07] Action Steps

• I started our show talking about what it takes to run a company
• You got to be groomed to be an amazing entrepreneur.
• If I have to train you to be an entrepreneur, then let’s sell something simple.
• Do the easy stuff to make the first money.
• Once you get to be an entrepreneur, we’ll do the more sophisticated things.
• Most people don’t have the endurance.

[34.45] Make Money

• Do something to make some money.
• I call step number two is abandon your funnel.
• House cleaning is a billion-dollar industry
• Number three, I need you every day to work on your revenue muscles.
• Stop solving problems that have not happened yet.
• I teach people how to make money in a few hours
• The only way you won’t make money is if you have been laying down sleeping.
• The only reason you’re paid less in a job than men is you don’t ask.

[50.01] Final Thoughts

• I’m going to stay in this conversation to change the conversation with money.
• I think that people are in significant pain and it’s not because they want to.
• It’s because they are not educated.
• You can make money on your own. Being incorporated is how you live.

Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and Five Time New York Times best-selling author who is on a relentless mission to change the conversation about money and empower people around the world to become millionaires.