M.C. Laubscher is a business owner, investor, podcaster, and best-selling author. He is the founder of Producers Wealth, a firm with a mission to elevate the financial well-being of business owners and their families.

Subscribe to EOFire

Apple | Spotify | iHeart

Guest Resources

Get Wealthy For Sure – Request a paperback a free copy of M.C.’s book, Get Wealthy For Sure, The #1 Financial Strategy For Business Owners To Multiply Wealth Predictably.

Escape The Financial Matrix & Build Wealth 2.0 – Subscribe to the best weekly newsletter in the alternative wealth strategy and alternative asset investing world!

3 Value Bombs

1) To achieve extraordinary results, you need to do the exact opposite of what the majority of people are doing.

2) The biggest return entrepreneurs will ever get is investing in their own business not by investing in other businesses.

3) There is no such thing as getting rich quick, there is only getting wealthy for sure.

Sponsor

HubSpot: Making your life easier. Getting you results faster. And better connecting you to all your data, all in one place. Start making major moves with HubSpot! Visit HubSpot.com/marketers to learn more!

Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: The #1 Financial Strategy for Business Owners to Multiply Wealth Predictably

[1:12] – M.C. shares something that he believes about becoming successful that most people disagree with.

• To achieve extraordinary results, you can’t just do differently from most people but you need to do the exact opposite of what the majority of people are doing.

[2:57] –  M.C. breaks down the #1 mistake entrepreneurs make when it comes to finance.

• Starting a business is not easy and in the beginning, it is you who are running after the banks to lend money. But when your business starts to succeed, banks and financial advisors come to you to invest in other business. Instead of using your money to grow your own business, you provide money for other businesses.
• The biggest return entrepreneurs will ever get is investing in their own business not by investing in other businesses.
• There is no other vehicle that can match  the return that you will generate in your own business. Your business needs money to grow so stop starving your business and feeding other business.

[6:36] – M.C. talks about the biggest financial challenges that entrepreneurs face.

• Because you diversified outside your business and no longer have access to the money, you are now beholden to banks to finance the growth of your business.
• Another challenge is managing cash flow especially in months that your revenue is least. They go to banks to take credits.

[9:30] – M.C talks about where we should focus on to get the  biggest returns on our investments.

• The biggest returns are always on ourselves and our business.
• One example is a client who invested $100,00 in paid ads for her coaching packages during the pandemic. Her return is 1,150% of that amount in her business.
• Think about the returns you will have when you invested your own money back into your own business.

[11:54] – A timeout to thank our sponsor!

• HubSpot: Making your life easier. Getting you results faster. And better connecting you to all your data, all in one place. Start making major moves with HubSpot! Visit HubSpot.com/marketers to learn more!

[14:30] – M.C. shares why he believes that entrepreneurs should become their own source of financing to grow and scale their businesses.

• It comes down to where business owners warehouse their money, cash reserves and savings. What we are looking for is a vehicle with guaranteed access to manage cash flow and finance their business. There are qualified plans like 401k, RAs but it’s a worst places to finance their business or manage their cash flows because their money will be trapped in there.
• Other vehicles are banks, bonds and life insurance.
• Life insurance policy are super charged savings account of the ultra wealthy.

[17:27] – M.C. tells why Life insurance is a very misunderstood asset class and why the rich are using it so effectively.

• Insurance concept is not good and mutual life insurance carriers are not listed in the stock market and is managed solely by policy holders.
• Its one of the best vehicles to warehouse cash reserves that no one knows about.
• Its referred to as the rich person’s rock.
• The money that you put down in these policies are guaranteed never to go down in value and not tied to any financial market.
• Its guaranteed to grow and has dividends and the growth inside the policy is tax free. The policy is private and has asset protection in all 50 states.
• The best part is you can access tha cash value through a policy loan and not touch the vakue on the account but place the value as a collateral for a loan.
• Your money grows in a life insurance policy and its compounding and tax free.
• There is no such thing as getting rich quick, there is only getting wealthy for sure.

[23:13] – Call to action.

• Get Wealthy For Sure – Request a paperback a free copy of M.C.’s book, Get Wealthy For Sure, The #1 Financial Strategy For Business Owners To Multiply Wealth Predictably.
• Escape The Financial Matrix & Build Wealth 2.0 – Subscribe to the best weekly newsletter in the alternative wealth strategy and alternative asset investing world!

[24:10] – Thank you to our Sponsor!

• HubSpot: Making your life easier. Getting you results faster. And better connecting you to all your data, all in one place. Start making major moves with HubSpot! Visit HubSpot.com/marketers to learn more!

Killer Resources!

1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!

2) Free Podcast Course: Learn from JLD how to create and launch your podcast!

3) Podcasters’ Paradise: The #1 podcasting community in the world!

Subscribe