Loral reunites with Sharon Lechter, her “financial mom” for a powerful conversation on true wealth mentorship and the difference between chasing money and building a life that’s rich in every way.

Sharon shares her money story, and dives into her newest book Old Wealth, New Wealth, True Wealth and the real message behind it: true wealth mentorship isn’t just about accumulation, it’s about who you become, who you impact, and what you keep intact along the way (health, family, purpose).

You’ll also hear why people get stuck in fear, how your environment can pull you backward, and why daily mindset practices matter.

If you’ve been looking for clarity, direction, and the kind of guidance that helps you move forward with confidence, this episode is a masterclass in true wealth mentorship.

Loral's Takeaways:

1. Sharon Lechter's Background and Achievements (00:00)
2. Partnership with Robert Kiyosaki and Rich Dad Poor Dad (03:28)
3. Motivation and Legacy (05:27)
4. The Story of Nathan and the Three Wealth Paths (07:04)
5. Challenges and Opportunities in Building Wealth (15:56)

Connect with Sharon: https://atm.sharonlechter.com/

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/

Millionaire Maker Store: https://millionairemakerstore.com/

Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/

Integrated Wealth Systems: https://integratedwealthsystems.com/

Affiliate Sign-Up: https://integratedwealthsystems.com/affiliates

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Hey, this is Laurel. And welcome back to Laurel's real money. Talks the podcast about money. We talk about how to make it, how to keep it, how to invest it, and I talk and interview some of the greatest people in the way they make money. Some of it's really unique. Today I have, I call her

my financial mom. I have Sharon Lacher with me. I have known this woman since 1996 which was just a minute ago. Oh my gosh, I thought of us. It's 30 years I've known you and we together. I'd say are the top of the list of those that mentor other women. There's very few women that mentor I know. When I first

met you, Sharon, you know it was you and Robert at the time, there was Dad, Poor Dad group, and you and I have just stayed together through all this. So welcome back. It's so exciting that you are here again.

Always you ask, I say, Yes, I'm happy to be here.

That's what we do. So talk a little bit about just your background. I don't think there's a person on the planet that doesn't know who you are, but give them some new highlights. You have a new book out that we're going to talk about today?

Sure, absolutely. Well, my story is really one of being an I grew up in an entrepreneurial home and learned about money at a very early age. And when I got into the real world, realized that very few people understood money. You know, my dad would talk about his his car business,

my mom's beauty shop, his orange grows. He said, the sharing the oranges give me cash flow every year, the land will give me appreciation, and that some of those orange grows are under sea world now, so we have those conversations at the dinner table. I understood my favorite word, assets, and when I got out

to the real world. And you know this Laurel, people are taught to chase $1 chase an income, they don't understand the power of assets. And so is my favorite word, and I talk about assets are sexy. And so it started my entrepreneurial journey. I started actually trying to solve problems and serve needs. That's

what successful businesses do. So I started the first talking children's book. Books had the sound strips down the side, met the inventor and helped him grow that around the world. Learned so much about printing, so much about international distribution and licensing, and it was an incredible opportunity to impact

young people's love of learning and love of reading. So it was kind of an exciting time. Sold that company back in 91 that's when we moved here to Arizona, and my oldest son went off to college and got an incredible credit card debt. I was pretty mad at him, but it's more mad at myself, because I thought I

talked about money. Well, he got to college and they had these tables, free pizza, free money, free T shirt, free money. He had a really good time his first semester in college.

He said credit cards, because yeah, and I just, I just, I want to share because, you know, my daughter's at NAU just, you know, going on, May will be a year, and already she's over 100 solicitations for credit cards. So with my son, you know, similar to what you know your son did, I kept track

of the numbers. This time, I'm keeping track of the piles, because I want to bring it to a show and show you like already she's had this many solicitations, and she's not even a year in, like they it's amazing.

Well, that was December of 92 so it's been a long time, and that's really when I dedicated the rest of my career. The one thing that I did accomplish when I was on the President's Advisory Council was we actually passed a law, the credit card act of 2009 that prohibits credit card companies

from soliciting kids on campus. Obviously, they can still solicit them in many other ways, but not on college campus. I was very proud of that, but that was back in 92 that's when I dedicated the rest of my career. So you fast forward a few years to 1996 when I met you, is when I met Robert. He had this idea

for the board game cash flow, and I had the knowledge that connections, understood the systems, understood licensing, understood how to commercialize that, and so just volunteered to help him commercialize the game cash flow. And during that process, he told me he was going to charge $200 for it. I said,

That's pretty pricey, Robert, maybe should write a brochure to explain the philosophy behind it, so people would be willing to invest $200 and that's when he asked me to his partner, and that brochure we wrote was called Rich Dad, Poor Dad. Most people don't understand that it was actually written as a

marketing brochure. And the world said, No, this is not a brochure. This is your lead product. And it became the company was called Cash Flow technologies, but it really is known as the rich dad company. So that was the first of 15 books we wrote together as equal partners. I was the CEO of the

company. Ran it for the first 10 years, and then when I left in 2007 we were no longer aligned. And what we wanted to do was when we know the economy was crashing, so then I was asked by the Napoleon Hill Foundation to help then come in and reinvigorate his teachings. And that was a huge honor. I read,

think George when I was 19, also got the call from President Bush asking would be on the President's Advisory Council financial literacy, which is when we passed the CREDIT CARD Act. So I served both presidents. And Bush and Obama, and since then, I've been doing all kinds of different projects

and doing high level mentoring. I love what I do. I help people take their businesses to the next level. So many times, they're they're their own worst enemy. They're holding ourselves back, and so we're exit rich. I did a book with the AICPA. I did a book how money works for women. You know, I did think and

grows for women with Napoleon Hill Foundation. And my most recent book is called Old wealth, new wealth, true wealth. And we just released it in January, 2026

Well, congrats on that, and I'm going to get to that in a second so I know what motivates you, but at this point in your career. And same question I get asked a lot, what keeps you motivated? Because you could hang up your cleats just, you know, like I could, like a lot of us could, and we'll

probably be like, Bob Proctor and do this. So today we like die because, you mean, we love it. We're good at it. We're serving a lot of lives. But what's your motivation to stay in this game?

, people keep asking me when you're going to retire? And I go, sorry, it'd be a complex but I say, you know, I don't really consider what I do work so I wouldn't retire. I just re fire. And the thing that motivates me is every single day when I get a comment on social media, or I get a text, or I get

a call, or I get an email saying that I've changed somebody's life. That just is just fuel. It feeds me to keep doing what I'm doing, because I know I have the knowledge and the experts expertise, and I see more for people than they see for themselves, and that really gives me the the energy to keep

going. I mean, my team did this little thing over my other shoulder here the legacy of building legacies, and it truly is my greatest joy, is helping other people, elevate their platform, elevate their voice, build the platform and the company around them to truly impact more people.

Actually, absolutely was a little over a year ago, I got a phone call from a young man, and he said he was inspired by Rich Dad, Poor Dad, and he was a multi millionaire in real estate. Is 26 years old, so this is there's no story here. And at 16, he was a nationally ranked cyclist on

he had aspirations for the Olympics, and everybody thought they was going to make it. And he was actually practicing in New Mexico going down a deserted road, and got hit by a car going 60 miles an hour. It threw him 100 yards. He was pronounced dead on impact, and in fact, his mother got the call, but he had

died, and they were able to revive him on the spot. He was paralyzed for a couple of months. Took him a long time to be able to speak and really process. He definitely had the highest level traumatic brain injury possible, and but he put that same drive and diligence and discipline towards

recreating his life, and in doing that, he built a family, he built his wealth in real estate, and quite frankly, he's got an incredible ability to impact his generation, and that's his his passion is helping other people understand, not just chasing money, but to understand true wealth. It's not

accumulation of money, it's who you become along the way that creates true wealth.

Now. So it talk about the old and the new wealth, and what do people mostly do? Because as you and I know, we mentor so many people, I'm going to lead off of that just occurred to me, because I've had this conversation somehow in the last couple of weeks, of the amount of people

who come to me, met, you know, wanting the mentorship, and say, I just want passive income, and they're barely making it. It's like, well, where does passive income come from? And it's fascinating how literally, well, from the internet, the internet's going to do it just real estate. And so what's going

to fund the real estate? Like, how's your credit score? Oh, my credit is horrible. I blew my credit. Become bankrupt. It's fascinating. The I'm saying, the illusion, the scams, the total misunderstanding. And I think this thing called the bathroom wall, I call that the internet is created since covid, a worse

and worse situation where people are so misled down so many tentacles of things that aren't true. It's like, you know, passive income comes from active income. You got to fuel it with something. So it's interesting, because I know it's gonna be part of your story in the Old and new wealth of people chasing

just a goal that isn't possible, but not not the way that they're the lens that they see it through is so inaccurate, it's sad, which is, I think, also why it feel for me that fuels me to keep going. How people understand that

well, just like Rich Dad, Poor Dad, redefine people's understanding of money. This new book, all wealth, new wealth. Wealth actually redefines the understanding about the definition of wealth, and it's actually set at my ranch, at a retreat. And his three brothers, old wealth is

Olden, and new wealth is Newman, and true wealth is Nathan, my client. And it really is that their father died and left them each a parcel of land, and it talks about how they each dealt with it. And old wealth, Olden actually was the slow and steady, as we all know, put it in the bank. So let you just let

it accumulate, make that 4% 5% interest, and continue just, you know, dredging forward. And then new wealth, the young, the middle brother, who liked everything glossy and was like fast cars and was into Internet schemes and the momentum of money, he did not lose it all. He created wealth, but along the

way, neither of them really felt the happiness and so and understanding that wealth is a tool. And Nathan, of course, understood both elements of old wealth and new wealth, but also how important it is on who you become along the way. I mean you and I both know people Laurel that are very wealthy, that lost

their family along the way. They lost their health along the way because they singularly focused on building financial wealth. And so true wealth is understanding the fact that it's who you are, the impact that you're making your family, your health, all of that comes together to create to true

wealth in your life. And we're seeing, and I think you'll agree with the younger generation. They are looking for meaning and purpose more than several generations before them, and so they understand true wealth. They're just not quite sure how to get there. And so that's what you and I do, is help them find

the tools to to create true wealth in their life.

So talk a little bit about Nathan's story, because I think that's amazingly inspiration for our listeners. And you said, you know, he took the strength, so talk about what strength he took from an accident, years, I'm sure, years, years of recovery, and then started putting that to

work, and the fact that he has a family, I mean, like, has done all the things that's pretty rare, even in a 10 year span without brain injury, right?

January, 23 2026 we released the book that was the 10 year anniversary of his accident. So it was very monumental anniversary. And what he did was, as he was recovering in the hospital, trying to regain his own faculties, he read, Rich Dad, Poor Dad. And so he started volunteering and

working with a real estate company. And then he got involved in a multifamily help, small multifamily unit, and he got involved in a company that does restoration services and major developments. So he continued to learn and get educated more and more about real estate, understanding the

value of assets, and he was, he's very, very dogged about learning what he needs to and implying it. And he's very, very focused and and driven to succeed. But along the way, got made, got married, he was told he was never going to walk again, and you would never know he had a problem. There are

still some small things from the traumatic brain injury. He if we get stressed a little more quickly than some people, but he is very, very forthright about creating a family life where he can have kids. He's got a two, two and a half year old and a four or five month old, two little boys, and he's been

married for several years. So again, they have the the life. He's very spiritual, very God centered. And so it's very important for him to maintain that that that wealth of family, wealth of health, because he almost lost it, as well as the accumulation of financial resources along the way, taking

people with them and educating them about money. I'm very proud of them.

Yeah, that's awesome. So as you wrote the book, talk about some of the distinctions between just a deeper kind of lesson for the old the new. Because I'm sure everybody's listening, and if you haven't done this already, you want to self identify, who are you in this? Are you the

old? You know, slow and steady, new, been new, lost it all continue. That little bit of a roller coaster tends, in that category, to move where true has a bigger expansion. So speak to each of those, to our listeners, and what they can do to I'd say, pick a path, you know, I think right is clearly what the book's

about. But there's some people, you know, I have a bunch of NFL players and coaches, and the new wealth is still sexy.

Yeah, it's very sexy, and it's very fleeting. The problem is they make quick decisions without doing the research, without the education, and what. Not the right mentorship. And that's the underlying concept in the book Laurel, is the importance of mentorship, the importance of

having somebody to help guide you along the way. Because there's nothing wrong with slow and steady. Some people, they just want security, and that's what they want, and that's that's what they're going for. But that also, you know, you and I both talk about the momentum of money. Slow and steady is not

necessarily giving you the momentum that you need to create generational wealth, but keeps your head above water, and that's what you want, then that's what you need to do. But along with that old wealth, the new wealth shows that you do need to stay innovative. You need to understand what new

trends are. Are happening businesses right now that are not looking at how AI can support their business are going to be left behind. So again, that momentum of money is understanding new technology, new opportunities, but also having the right mentorship, the right guidance, and making sure

that you're making doing the research and make sure you understand that who you are listening to is very important. Do they have the right? Have they earned the right to be educating you and finding new ways to expand your wealth, instead of the quick, overnight success this greatest Internet

scheme? Just like you said, everything's are going to make, you know, make a killing by going into passive income on the internet without doing the research, without understanding the cost that's involved in building that kind of system. And so it's very important, but pieces of that you need to do to

keep momentum above of your of your wealth, but always keeping in forefront as true wealth is understanding that the most successful businesses solve problems and serve needs. So never lose sight of the problem you're solving and the need you're serving, because that in itself is going to accelerate

the momentum of your success.

Where do you think people fall down the most? Is it not identifying? Because I like that you've given some definitions to these categories. But where do you think people have the biggest breakdown in making a decision to move forward,

not making a decision? That's where they have the breakdown is, is being frozen in fear and not having the right mentorship. You know, listening to the people around them when you're the smartest person in the room, you're in trouble, and so making sure you find the right people to listen

to, and the mentor who's gotten you to where you are today may not be the right mentor to get you to where you deserve to be. So you have to really be honest with yourself as to what your plans are, what you want, and what sacrifices you're willing to make? As I said, I have friends who made a lot of

sacrifices of their health and their family along the way, and they regret it. You know you can't take even though people think they can, you can't necessarily take it with you, and you want to be able to have a full life, one of health and family and love and contribution and making an impact. And so I

think people stop themselves because of fear, and they stop themselves because they don't see what you and I will see you, and I see more for other people than they see for themselves, because we've been there, done that, and we see where they could go, opportunities for them to expand, to reach a larger

audience, to license into new territories, new industries that they had never even imagined. And that's where people need to really think about reaching out and finding somebody that can mentor them

absolutely. So Sharon, I appreciate you sharing that you know, one of the two biggest things that Bob Proctor used to say to me, is, and I'll never forget, because I met him when I was, like, 2021, years old, is, I'm going to believe in you until you believe in yourself. And I remember hearing

that thinking, yeah, right, like that's ever going to happen? And it did, and we became business partners. And the whole thing, and the other one that, you know, I've kind of modified, is, I'll meet you where you are and take you where you want to go because it's not my agenda, it's your agenda. So let's talk more

about mentorship in that. Because I think you and I more than other women in the way they've done it, not they've done it wrong, but you, you know, I followed you, and we've been very aligned to serve other people and watch them skyrocket. It's it is the same thing. So it's fascinating to watch people

that never thought they could get their dream go get it. So mentorship for you. When do you feel like you really became where you put the hat on say, I'm going to mentor?

I think it was just naturally evolved. I tended to give advice even when it wasn't asked. And so then I finally had to tone, tone that down a little bit. But I think, you know, there's a difference between mentorship and coaching, and I think that's really important for people to

understand. You know, a coach is very important, because they kind of keep you accountable to a predetermined path. I'm a terrible coach, but a mentor steps into your world where you are, and. Steps into your into your chair with you, to see what, what's happening, where you are, and see opportunities

for you to expand your business, because they've been there, done that. And so they steer you around pitfalls, they open doors. They introduce you to their network. One of the greatest things you know you can do is share my we just had a book launch in January, and Nathan was introduced to Mark

Victor Hansen and Rita Davenport and Tom Tom Hopkins, and just an incredible opportunity for him to expand his network and find the opportunity to meet more people and expand his messaging. And so I'm very proud of him, and he's doing all kinds of podcasts now, and so it's allowing him to build his

platform and get that experience and that network. And so that's so important as a mentor, to be able to open doors for your mentees and help them see what you see for them. And that's something that you can do it by having a high level mentor, have very high level clients, or by having studying, listening

paint, you know, really studying mentors that some of them are gone, but you can still learn from them to even doing it daily. And that's why you and I off off camera, mentioned that during covid, I got mad because of all the negativity in the world, and when I get mad about something, I started another

company. So I started a company called ATMs. And there is a play on the bank ATM but it's a daily abundance tips and mentorship, and it literally is a two to three minutes a day that where I talk about getting your mind right starting off the day, because there are three things we can control, Laurel and you,

I know you agree to this, your thoughts, your words, your actions, starts with your thoughts. And so when you are around negativity, listening all this negativity, all this fear, is hard to keep it out of your brain, your subconscious absorbs it. And so you need to really control the negativity in your

mind and convert it to positive. I tell people all the time, you know, instead of saying, I can't afford it, switch. How can I afford it? Because when you do that, you trigger your subconscious to go to work for you, and that turns your thought process from negative to positive, and it changes your

words from negative to positive, and it's going to change your actions from negative to positive. And so I've been real proud of it, and I have a program go to ATM dot Sharon lecture.com you get a full month free so that you can see the impact that it can make in your life. And it's something that

I'm just dedicated to help people get rid of that negativity. We live in a time right now where it depends on who you talk to. We're a very polarized society, and so you have to really be guarded and protect your your thoughts, your words and your actions,

which is really putting up, I'd say, some guardrails around that. There's a, there's a Christian song that came out. It's called fear is a liar. And so many people live in that fear state, which is allowing, you know, I'd say dark energy, evil energy, however you want to code that into your

life, and allowing it versus the amount of control, meaning you know what you put in is what's going to come out. And so many people just live and wouldn't you agree to Sharon that a lot of the fear or just the opinions of other people and not paying attention to those you know, the old cliche of your like the five

people. Well, how many times, you know, I've had people you know, join my mentorship, my big table scouts, 26th year, we've been doing this mentoring and mastermind forever, but it's fascinating how many people will still revert back to their environment, and environment has such a strong pull on you see,

yeah, but my four friends are my five friends. It's like, why are they still your friends? I mean, you can maybe go have a beer with them, but over time, those kind of people are going to atrophy away from you. And that just speak to that, because I think that's you and I say it all the time. We hear it all the

time. Every great gurus said it, and there are still so many people who do not atrophy those people away.

That's because it's their comfort zone. It's what they're that's what they've grown accustomed to. So I always challenge people, when was the last time we did something for the first time? And I tell people, put that cone of protection on you know, a lot of times, those people that are

holding your back are your own family. Now you're going to, can't get rid of them, but you can certainly limit the amount of time you spend with them, and recognize it first. The first step is acknowledging what's happening. Acknowledge that you are allowing yourself to stay in an environment that is not

supportive. You want people around you who challenge you, who applaud you, who push you forward, not people who try to pull you back. And that is, gosh, most of the time, that's the problem. People are hanging around with people that don't want them changing, because what they see is they see you

changing. You doing something positive, and they're not. And so it's not you that they don't want to succeed. They don't want to feel uncomfortable, so they want to bring you back into their comfort zone so they don't feel guilty about not working on themselves. And so recognize it, give them some grace. I go put

this cone of protection on and continue doing what you need to succeed, and add one person to your circle who's going to challenge you. Then add a second one and start making that transition to an environment of entrepreneurship, an environment of success, an environment of positive contribution, positive

impact in your world will change.

It does change. Your environment is extremely strong. So Sharon, we need to wrap up tell people where they can go get the book and how they can stay in touch with you.

Absolutely old wealth, new wealth, true wealth. If you order it through my website, Sharon lecher com, I will autograph it for you, or you can get it through Amazon. Reach out to me. Sharon lecter.com I'm So Sharon lecher on all social media, would love to hear from you. I have a

weekly newsletter where I talk about what's happening in the world of money. So you go to my website. Sharon lecter.com it's free. There's no charge. And then, of course, reach out for the ATMs. I'd love for you to have a free month of those. ATM dot Sharon lecter.com and I would challenge you just reach

out to me. Info@Sharon lecter.com I'd love to hear from you.

Yeah, Sharon, thank you. Thanks for being my financial mom and mentor to me and to others. And look forward to just always being with you. March 10, we'll be together in Scottsdale or somewhere area. So it's been great to have you. Love you, my dear. We're so proud of you. Take care. And

those of you that are out there, if you ever have a question or a request, go to ask laurel.com A, S, K, L, O, R, a, l, ask a question, make a request. We'll be back next Friday with another amazing podcast.

Thanks for listening to The Real Money Talks podcast, your host has been Laurel langmeyer, six time New York Times, Best Selling Author and nationally recognized money expert for some special wealth building gifts only for Laurel's podcast, listeners. Visit, ask laurel.com/podcast Do you have a

burning question for Laurel? Visit ask laurel.com to submit your question, and it just may be covered on a future podcast episode. Make sure to subscribe so New episodes come straight to you until next time you.