In this episode of Real Money Talks, I sit down with Mike, who recently inherited a 10-acre ranch in Texas. He’s got big ideas that range from tiny homes and Airbnbs to personal training and even cattle. Listen in as I walk him through how to turn that land into multi-stream property income.
But Mike’s not the only one getting advice today.
I also answer listener questions about starting a business with no experience, investing with limited funds, crafting a business plan for a thriving plumbing company, and maximizing tax strategies with the right corporate structure.
Whether it’s Airbnb rentals, running training camps, or building livestock operations, I explain why it all starts with a master plan one that is grounded in numbers, tax strategy, and long-term compliance.
If you’ve got land, a side hustle idea, or questions about how to make your money work smarter, this episode is packed with real talk and real strategies to get you moving forward.
Loral's Takeaways:
- Investment Strategies for Inherited Money (00:00)
- Master Planning and Business Structure (02:03)
- Exploring Business Opportunities (04:36)
- Business Structuring for New Entrepreneurs (06:46)
- Investment Strategies for Retirement (08:13)
- Business Plan Development for Plumbing and Water Restoration (09:42)
- Tax Strategies and Corporate Compliance (10:55)
- Professional Licensing and Business Trips (11:35)
Meet Loral Langemeier:
Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.
Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.
The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.
She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.
Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.
She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.
Links and Resources:
Ask Loral App: https://apple.co/3eIgGcX
Loral on Facebook: https://www.facebook.com/askloral/
Loral on YouTube: https://www.youtube.com/user/lorallive/videos
Loral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/
Money Rules: https://integratedwealthsystems.com/money-rules/
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