Interviews

CDL 44: The Habits Of Cash Flow Ninjas With MC Laubscher…

Cash Flow Dad Life

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So the big question is this, what would you do if money didn’t matter? So you had millions in your bank account, what would you focus on? Would you spend more time with your family, with your wife, with your kids? Take family vacations.

Would you pursue your gifts and talents and dreams? Serve your local community, teach others, serve your church. You see if what you would do if money didn’t matter, it was pursuing your gifts and talents and dreams to serve others, and that is probably what you should be doing.

The problem is most people are in the rat race, living five inches in front of their face with no time to pursue what they were born to do. That is the problem, and the solution is to develop enough passive income to replace your working income so you can quit your job and be free to live your life the way you were created to.

That is a solution and this podcast will show you how…

Ryan Enk: Alright, welcome everybody to another awesome episode of Cash Flow Dad Life.

My name is Ryan Enk, your humble host, and we have with us a really awesome guests a day-MC Laubscher. I’m just going to read his bio real quick.

MC LaubscherHe’s a wealth and investment strategist, a financial educator. He’s a president and CEO of producers wealth and Creator, and the host of the popular top rated business and investing podcast, Cash Flow Ninja, a super awesome podcasts.

Then you guys haven’t had a chance to listen to it…

I was on the show. It was a lot of fun and uh, he is interviewed over 300, uh, what he calls cashflow Ninjas, people who are out there making passive income, making smart investments.

So it’s a real honor to have him on the show and to share with us some of the wisdom that he’s picked up by interviewing some of the top cashflow Ninjas in the world.

Ryan Enk: So, MC, welcome to the show.

MC Laubscher: Thank you so much for having me. Always a blast connecting with you.

Ryan Enk: Awesome. Well, before we get started, I need to make a shameless self promotional plug. Guys, if you haven’t gotten my book yet, it’s called the seven day real estate survival blueprint, how to create $10,000 out of nothing in less than a month. It’s an exact battle plan and exact strategy on what you can do.

So you’re dropped off in a town in the middle of nowhere and you had 30 days with no money, no experience, no credit to borrow on a, what would you do to make sure that you got $10,000 in your pocket at the end of the month? Really awesome book, great exercise to go through. You can claim your free copy of https://www.cashflowdadlife.com/7.

And all you gotta do is cover the shipping cost…

Ryan Enk: So back to our, uh, our guests today, mcm super intrigued because you have interviewed over 300 people, a Robert Kiyosaki being one of them as well. And you were able to kind of glean and be a sponge and soak up some of their wisdom.

What are the biggest Aha moments that you’ve had on the show?

MC Laubscher: Yeah, I’ve been really honored, as you mentioned, to be interviewing these folks and learning from them and I just write down a bunch of notes as I’m doing it. Every guest is a, is a phenomenal.

And I learned something from every person I interview that I didn’t know…

Cash Flow Ninja PodcastA couple of things that I learned right away is that they don’t do the same thing as everyone else bug better, you know, uh, like you mentioned Robert Kiyosaki at Kevin Harrington on and Jim Rogers and Doug Casey and all those folks…

they don’t do the same thing as everyone else, but better and that quite frankly, they really don’t do that much different than they do the complete opposite. So the very contrarian, you know?

MC Laubscher: Doug Casey joked the one time with me said, “You know, in every area of your life, if you do the complete opposite as what everyone else is doing, your chances of having success is actually pretty good.”

If you look at the probability of statistics there, which I thought was quite intriguing, but when it comes to wealth, it’s the same thing. So, yeah, one of the things too is from a value standpoint, what they value, they value ideas, the values, thoughts, they value concepts, creativity. Uh, they value relationships and people were…

I think a lot…the majority of people are just so focused on the things and stuff, right? So for instance, a real estate building, these guys think about things around that real estate building, you know, the contracts of auto structure properly, how to get creative, uh, the people that are involved, the team, you know, and the relationships around it because that’s what truly makes the assets.

It’s the intangible. So the big thing is the intangibles that they focus on and not the, the, the, the stuff. And that’s why it’s, it’s quite amazing to see, like a lot of them have gone through challenges.

You year about bullying. EHRS are millionaires that lose everything and then they build it back up even foster than when they lost it the second time around.

MC Laubscher: And I think it’s because there’s some, yeah, they’re so focused on, on those intangibles, ideas, creativity, uh, improving themselves. They’re mental capital and then also the relationships that in, you know, and then, um, there’s just a couple of other things sticking with that theme of doing the complete opposite.

Obviously the name of my show’s the Cash Flow Ninja, all of these are folks and guests, our cash flow investors, you know, they, they know that there’s many different ways, uh, to Mike and investment profitable and cash flow being one of them. Um, instead of the accumulation model, which the majority of folks are doing, right, they’re focused on strategy to strategy is the most important thing.

Strategy is what is kind of like what and how you do things, right as opposed to products which the majority of folks are focusing on. You know, I always joke Ryan, I’m from South Africa and I love to watch golf.

MC Laubscher: Ernie Alice is one of my favorite golfers, a the big, easy called the big easy because of that swing. Right? So if, uh, if you were to offer me earning else’s swing or his golf clubs to go play, you know, the monsters at Augusta national, I’m going to take early swing, right? I’m not…

I don’t care about it’s clubs. I want to be able to hit the ball just like Ernie, you know, maybe I’ll take someone else’s putting skills. Just kidding Ernie.

Money Real EstateRyan Enk: But uh, yeah, no, the whole focus needs to be on the overall strategy, how and how you do things. Uh, not just what you buy real estate.

A lot of folks have lost money in real estate. People have built empires out of real estate. It is in the real estate that determined that it’s how they do it. The strategy that they had.

MC Laubscher: It’s the same thing with Bitcoin, which is not in the news as much as it used to be. There’s folks that have lost everything that mortgage their house and everything. And then there’s people buying islands in the Caribbean. What’s the difference between the two? It’s the same. It’s the same vehicle, right?

It’s all about the strategy. And then also I think the focus too on efficiency versus chasing higher returns years.

What the majority of folks do, they focus about on five to 10 percent of the money that they have rights and they try to get a bigger return just on that five to 10 percent of their money.

Ryan Enk: Well, what about the hundred percent of the money? What about the other, uh, 90 to 95 percent of their money where these folks make sure that they’re efficient in all areas and they focus on the entire collective of their wealth?

MC Laubscher: To give you a good example, what I mean by that, to being efficient as far as where your warehouse, your savings, right? Uh, where you, how you position your assets and align your assets with your goals, where your income comes from.

You mentioned Robert Kiyosaki…

The Cashflow Quadrant is an amazing book where it teaches you on the left-hand side of the cashflow quadrant, the e and the s, one on the right hand side is the b in the I income is more efficient from the b in the eye, then the e and the s and most efficient from the I quadrant, so that makes sure that all these kinds of things put together in an integrated.

It’s not batch in, in, in pockets, almost all of our products. On the other thing too about being efficient and chasing returns like most people do is a lot of cash flow in inches.

MC Laubscher: No. For instance, by being efficient and saving or reducing your taxes by 20 percent, let’s just say you reduce your taxes by 20 percent through restructuring things that you’re doing and eliminate buying taxes in the future.

What, what rate of return do you have to get into the marketplace to be able to match that? I mean, there’s almost no return out in the marketplace that’s going to match just that efficiency that you created. And the other thing too is cash flow and then just focused.

They go all in, they focus and they go all in on certain things. Um, they don’t diversify, you know, was it Andrew Carnegie that said, you know, he puts, he puts all his eggs in one basket and watch like a hawk.

If you’re looking for financial freedom and you’re looking to do it through real estate and cash flow through real estate and why are you playing around with penny stock wiser, you know, 10 different other things that you’re doing.

MC Laubscher: If you want to get to your goal, focus zone in on that goal and go all in. That’s one thing too. I, you know, I, I read a lot and that’s the one thing that stands out constantly, is about how these guys that are successful and do it, they found something, they fill up, they immerse themselves in it, and they go all in. Perfect example, guy in the news lately have a fellows on African Elan Musk.

He goes all in every single time on every single thing, regardless of what you think of him. And then the other thing is to knowing the rules. Cashflow Ninjas know the rules of money. Most people don’t realize that there’s rules to money and the rules of money changes constantly.

The last big change was in 1971 when Richard Nixon closed the gold window. Um, after that, basically we’ve had a bunch of floating Fiat currencies, a circulating the globe.

MC Laubscher: So money is simply a medium of exchange and a representation of value. It’s not a store of value.

So a lot of cash flow ninjas know that they need to keep, keep their money working for them and moving right and increase the speed and the velocity of which the money is, is circling through assets, creating cash flow and coming back into their own economy where the average person on aware of these rules, unaware of what’s going on, what do they do?

They park their money, they park their money in retirement plans and the people that they park their money with that know the rules, they turn it over and over and over, big big banks and financial institutions do it. So those are some of the things I knew. I, I threw out a whole bunch of them. Um, the other, uh, quick thing a lot.

MC Laubscher: Well, last thing that I’ll add too is the, is the big picture view, the long term thinking and in range of thinking, right? I think, you know, we are so focused just on short term things in our lives, right? And our attention span is very short. Let’s be honest, we’ve collectively, we probably have less of an attention span of a Gnat, right?.

..long term thinking Ashlyn ingesting can five, 10, 15, 20, 25 years and then also in generations, what’s, what’s happening to the next generation, what legacy are you leaving for your children, what legacy are you leaving for your family and so forth. So, um, yeah, it’s, it’s, it’s, it’s a learning experience and I keep learning and loving it.

Ryan Enk: That’s awesome. There is a ton of gems in, uh, in what you just went through and, uh, I hope the listeners have an opportunity to go back through this and, and pause it and rewind it and, uh, and really write those down…

And think on each one of those because there’s a lot of jams and what you just said, going in, staying with this idea of, you know, the top producing Cash Flow Ninjas in the world pretty much do the opposite of what everybody else does.

One of the first things that come to my mind is our modern education. Um, can you touch on how they feel about, uh, our modern education….

MC Laubscher: Oh, it’s. So our education system is so broken. It’s so, it’s sad to see but very outdated. So, um, I mean it was, it was really an industrial age model and build on the Prussian school system model out of Prussia, which is now part of Germany.

But basically the goal of that school system was to produce workers that could work in the factories and then also a soldiers, right?

Because there was, there was, there was a lot of threats and a lot of wars starting to brew up as the industry’s increased in these countries. So we still haven’t changed. I mean, if you look at school systems today, first of all, most schools look like a prison from the outside if you just drive for us that it doesn’t look like a very friendly and warm and fuzzy place.

And secondly, I mean they still have, they still have, um, bells ringing, telling people when to get up and change classrooms and take a lunch break, right?

MC Laubscher: Just like they do in factories. But really I think Ryan did the school system and what a lot of the cashflow Ninjas I’ve shared on my show too, is it really doesn’t prepare people for the economy that’s out there. Being that it’s based on this industrial age model, we’re now in the information age. Teaching computer classes in school does not prepare you for this new economy.

We’re in a skills economy back to a skills economy…

We’re no longer in a jobs economy and these schools and most universities to prepare people for employment and jobs. And most of them, which really doesn’t, wouldn’t even exist by the time that they graduate, uh, universities and, and, and slash or graduate high school. So, um, yeah, and I mean financial education really.

You have, you have a, there’s different types of education that folks I think don’t really think about.

MC Laubscher: I mean there’s academic, there’s professional on this financial education. I’m sure you can pick up some academic at education. There’s professional education.

doctor lawyers engineers good content negotiation here to helpObviously if you’re going to pursue a profession and you go to university to become an engineer or a doctor or a lawyer, you know, I’m not saying that it’s going to be a waste of your time because that’s the route that still is teaching a high income skill set and skills that are needed in the economy that stole the marketplace demands. Right?

But if you’re going there for now, uh, say something studies a bachelor and something studies degree, I mean, it’s just not going to prepare you for what’s going on. There’s so much education right now that you can learn online skills.

I love it because some of the older books that I’ve read, it’s so great how people talk about how they had mentors, you know, Benjamin Franklin, for instance, stalk about it where he learned and studied under someone, right?

MC Laubscher: And then he did his own thing and then he gave back in. Someone’s studied under him. It’s that kind of that apprentice sort of model. Right? And I think that’s coming back because it’s skills bice. It’s learning skills from someone that’s actually doing it. Most. Most, uh, college professors are not, they’ve never done this stuff that they teach in universities.

So, um, I think that’s exciting to see that that’s coming back. But, um, yeah, the, the education system is, is ready for a complete disruption. It’s already been disrupted. I think there’s massive disruption coming and I think for people that aren’t even listening eights, eights, uh, I can see this is, this is like another billion dollar industry online.

I’m just as the ecommerce one, for instance, where there’s a ton of opportunity where if you could provide or build a platform that our teaching skills that will actually empower people that the marketplace need, I think people are going to do really, really well.

Ryan Enk: Yeah, I think so too. I mean, if I look at, you know, what education it cost me, it was a $20,000 a year for college education and I think the norm is above that now. Um, that was like, you know, 15 years ago. So I think the norm is like 26,000 or $30,000 for college and you graduate and you don’t have anything but a promise that this degree is going to get you a job in a cubicle somewhere…

What are the skills that you’re going to learn? And massive disruption in the industry because a lot of stuff, computers are taken over.

People with creativity, uh, are taking over some people’s entire jobs. And on the flip side, you’ve got stuff out there that’s being created now like massive education online, uh, where it doesn’t cost you 20,000.

It might cost you a thousand or 2000 and you learn skills that produced $20,000 a year, you know, or save $20,000 a year…

I think the educational thing that anybody with foresight who’s got kids about to go to college has got to think to themselves what’s going to be the greatest return on investment for this education? So what would you say is like this, the solution to the school system?

MC Laubscher:I mean to revamp what needs to happen in order for people to wake up and say we need to do away with the belt. You know, we need a, we need to do something else. Yeah. Look a. This is like the big t rex, right? It’s not going to go quietly and it’s going to swing is, it’s gonna, it’s gonna Swing.

It’s tile and knock a bunch of stuff over because you’re going to anger it and it’s also most likely going to eat a lot of people in the process. So I think what’s the solution?

The solution is, is taking it back to the individual level and have people taking responsibility for their own education and have parents take responsibility for the education of their children because I think what a lot of folks do is basically just throwing their kids in school and hoping that they’re going to turn out okay on the other end, right?

MC Laubscher: Or I’m just going to school, even if you’re younger and thinking that this, this, this is going to be at. No, no, that’s not education. You have to take it back and started at the individual level by studying things that you’re interested in reading wide, um, and, and also trying to figure out how you can learn skill sets that the marketplace desires.

So I would say the solution is to take accountability and responsibility and started on the individual level. And then from an entrepreneurial level, I think there’s going to be a lot of entrepreneurs in this space. Um, there’s already, some of them just look at the, Oh, what is it? Even the Khan Academy.

I mean those guys are doing well. There’s, and I’m just throwing out a name just because that’s top of mind. It might not be the best example, but there’s other. There’s other platforms.

Harvard, Princeton, Yale, a lot of these StanfordMC Laubscher: Creative live is one that that’s there. There’s a ton of stuff already available online. Most by the way, Harvard, Princeton, Yale, a lot of these Stanford, a lot of these ivy schools via post courses for free on a lot of different platforms, so it’s there. You just have to.

You just have to be accountable for your own education and I think this whole mindset thing that a piece of paper on your wall is the end goal that needs to change.

That’s the at the end goal…

The end goal should be learning a skillset that you could go out in the marketplace to produce and create value for other folks. So I think if I was a young person, guy or Gal, I would look at number one, a lifestyle, a life by design or default. That’s the first thing. So a lifestyle, a lifestyle by design, you’ve got to think about it.

You’re going to think, well, what I’m going to spend four years and go to college doing what, what am I going to learn? What do I want to do, what, what, what is it going to be better for me to travel first and maybe learn things on my own and go into the workplace to figure out what I want to do, college and universities, not.

It’s a very expensive place to try and figure out what you want to do with your life, um, and, and then make sure that the, the juice is worth the squeeze if you’re going, if you’re passionate about going into the medical profession, for instance, there’s a high income skill set that you’re going to be able to learn in college. Same with being a lawyer or engineer or you know, very, very specific niches.

But I would say then do it by life, a life by design, not by default…

MC Laubscher: Just don’t go to college and run, rack up a bunch of debt because everybody else is doing it. And that’s what you know your parents have been telling you to do because it’s a life that your parents grew up by the way, doesn’t exist anymore.

The life that my parents grew up and doesn’t exist anymore and my grandparents didn’t exist anymore. And the life that my children will grow up and, you know, the life world, the life that I grew up in doesn’t exist anymore. I mean I only got an email address in 2001 being from South Africa.

So take it from there…

I think one of the most important things that you shared was, you know, the, the focus on developing a skillset and I think that, you know, that is one thing that is so overlooked, but especially young people graduating from college, you know, as, as a business owner in a small business owner, you know, you got these kids and I’ve had this experience.

MC Laubscher: You’ve got these. I say kids, I mean they’re adults graduating from college and they get a job for a year and then they asked for a raise in.

You have to think, as a business owner, why would I pay them more if they’re not gonna bring any more money into the company, what am I paying them more for? And a lot of people don’t think like a business owner…

They don’t think return on investment, return on spin. And uh, and so I think that’s a critical thing for especially young people to understand is to, if they do go that route and they are employed somewhere, what sort of value are they really providing? What can they bring into the company?

Ryan Enk: But more than that, I would, I would encourage people not to work for someone else and to remove that mindset. But let’s talk. Let’s, let’s change gears real quick. Let’s talk about strategy. You mentioned the whole idea of, you know, having, would you rather his golf clubs or would you rather is swinging?

Yeah. And so many people, they, they, they want just the quick fix, you know, they want something where they can buy it. It’s done for you. And they don’t have to think, they don’t have to strategize. Can you tell us what the wealthiest people in the world are doing to strategize wealth creation?

MC Laubscher: Yeah, so a strategy would include in a, a good, good, solid strategy would include if you sit down and you try to map it out, would include you being right at the top as the number one asset, you know, taking accountability for everything, being responsible for everything that’s happened in your life, from being responsible for everything that will happen.

You are the number one and greatest assets that you will ever have…

MC Laubscher: I’ve said that many, many different times, um, uh, and I concept it enough because I think it all starts with you. So you are the creator by the way of assets and inflows, whether it be a financial capital will, whether it be relationships and so forth into your life.

So something is just, it’s just they’re a piece of real estate is just a piece of real estate, a piece of golden solar system.

You know, it’s this gold and silver and asset costs is just an asset clause. You’re the one that creates the asset or actually makes a, determines whether it’s an asset or liability. What Robert K Saki said, we mentioned his name before, he said, you know, the risk isn’t in the invest investment, it’s Indian based store.

So the second thing is the biggest investment that you should always make is in yourself and in your relationships, and then invest in things that you know about, you know, like, and that you study, you read around your strengths, you know, if you are an absolute crypto Ninja, just using the Ed as an example and you know what’s going on in those markets and you try it.

MC Laubscher: I don’t, I’m not a good trader, but if that’s your unique skill and you know nothing about real estate, then that’s probably not a good thing for you to move our to do. And vice versa. If you have good real estate investor jumping into other areas that you don’t know anything about, um, uh, puts you in a, puts you in the bucket as, as being a speculator.

The other thing too is having control these cash flow and Ninjas have control…

So markets go up, down and sideways, you know, uh, I think it was Warren Buffet always jokes about it. They asked them, you know, uh, sir, what do you think the market’s going to do? And he goes, well, they only do three things all the time. They go up, they go down and they go sideways. So it will be one of those three things, right?

MC Laubscher: Do you have control over those? No, you don’t. But do you. So you need a strategy that positions you in all three scenarios to profit. I’m alignment and focus. Are you aligned with your philosophy, your core beliefs, your principles and values, and then also are your resources aligned to where you want to go? If I want to drive from New York City to Los Angeles, um, do I have everything that I need from to get me from New York to La? Right?

Do I have the right car? Do I, is my trip plan? Am I going in the right direction?

And the GPS now as everything else aligned with that, you know, it’s, it’s, it’s interesting to see folks want to create financial freedom through real estate because that’s what they’ve heard. And then all of a sudden they’re speculating in certain stocks here. And I’ve gotten many of these different little buckets.

MC Laubscher: Get it all aligned to push you closer to your goal. That, what cashflow Ninjas do I touched on efficiency where you were out of your savings. Uh, Ashley Asset Positioning your income protection, you know, they’re more interested in preserving and protecting what they have.

You know, Ryan, I always joke and say money, the money game is really easy. If you think about it, you have to make money, you have to protect money and you have to multiple online. So a lot of people go straight from Mike to try and multiplied, but they never figured out in the protection.

So these guys know how I’ve mentioned buffet. All of these guys, they know how to protect their downside, right?

stock market loan structure debt quarterlyYou know, the stock market just dropped a thousand points and there’s obviously buffet has got positions and then, and then folks are like, oh, I think you lost a bunch of money and I’m like, you think that guy that doesn’t protect themselves with the options you think buffet goes has as these billion dollars of positions in a market that is very volatile and he doesn’t know how to protect himself.

MC Laubscher:  He probably profited from that risk management is key. You know, I’m from South Africa, so political, but there’s, there’s a lot of risks to manage. Political risk is big. One economic is a big one. Market as one and then institution not just where your money’s at, but, and uh, uh, but who your money’s worth, $2 maximum ization and a strategy, $1 doing many different jobs for you.

So be very, very aware of that. You know, we, we don’t just one one job for every single dollar in our overall strategy.

We want $1 working as hard as it possibly can, but doing many different things. So we talk about, you know, I’m a former rugby player and I still coach, so I talk about protective things that you do on the field. There’s a protect protection side, there’s the defensive side, and there’s offensive.

Can $1 do all three of those things in your strategy?

MC Laubscher: They momentum if you’ve protected, you’ve managed risks, you’ve got all these things, now there’s the compounding, um, and then also multiplication and then a flexibility because you’re going to need flexibility in any strategy, whether you’re a real estate investor, whether you’re an investor in businesses and companies you’re going to need, you’re going to need flexibility to adapt and change.

You know, Mike Tyson talks about what, you know, everybody’s got a plan until they get punched in the face. Maybe ever. Maybe you have a plan and then something happens.

You have to be flexible enough to make changes and adopt, adapt and course correct within a strategy. So that’s what I’ll throw in, you know, when you’re thinking of a building and creating a strategy for yourself and your family.

Ryan Enk: Yeah. Once again, this is something to, uh, go back to rewind, pause and let, let each of those ideas sink in.

You know, probably, probably one of the biggest things that I’ve gleaned from what you said is, um, is to focus on one thing and to focus on the things that you’re good at and instead of spreading yourself thin and spreading yourself all over the place, the, the top cashflow Ninjas in the world, they go deep and then they go wide, you know, and they continue to focus and hone in on their skills

MC Laubscher: Instead of, like you said, one of the most popular notions out there is to diversify, right? It’s actually surprising to learn that most of the richest people in the world don’t diversify. They go all in and they get really good at it and then they go out from there. Yeah.

The quotes are all over the Internet too. If you just look up with some of these guys have said, and some of them over really harsh. I mean, like what did Mark Cuban say? Diversification is for idiots. Right? And Buffet, it’s like for people that don’t know what they’re doing, so it’s like there’s some holes. So these guys are pretty passionate about going all in on.

The other thing that I’ll just also add to that is, um, you’d mentioned about knowing what your strengths are and focusing on that and zoning in on that. This is one thing that I learned too on my journey is that a lot of these cashflow ninjas, if they find something that they’re not good at, they don’t spend the majority of time to try and get good at that thing that they’re not good at.

MC Laubscher: They focus on what they’re good at and then they bring in a partner or a, a team member, maybe the things that they’re not good at. So that’s a, I mean that’s also very hard for folks to do it and has been for me, right? Because you always figured, well I’ve got to learn this or learn more about it. No, they stay in their lane.

They know what they’re good at. And then they find other folks to partner with to do that…

Get Your FREE CopyRyan Enk: Yeah. You look around at what you don’t have and then you find other people to fill that spot instead of trying to learn it on your own. Yep. Absolutely.

So you have recently created a course. Can you tell us a little bit about what that course covers and what people can learn from it?

MC Laubscher: Absolutely. Uh, the course is called the holistic wealth creation course and it takes, uh, an approach of holistic wealth creation in and a holistic wealth strategy and it’s basically taking you from a, yeah, from step one, all the whites where you have a strategy up and running to invest in real estate and in businesses.

MC Laubscher: So we cover a whole bunch of stuff from basically from where, why people struggle financially. It’s a big one, right? That we look at that we look at some of the metal kloss traps, the biggest financial traps that’s out there. Then we look at the importance of understanding your changing environment.

Then we also look at how to build strategies…

We look at a lot of the different cash flow and, and just in what they do. Um, and then also we learn, we talk about cash flow banking strategy that I know that you’re familiar with. I’m used in a lot of these family offices that integrate of vehicles and asset clauses, for instance, using whole life insurance and integrating that with real estate investments through cash flow banking strategy.

So we show people how that’s done and then how to integrate many other different vehicles with one another as part of this overall strategy…

MC Laubscher: And then there’s also a little bit more higher levels stuff once you’ve got all the building blocks in place. But I would say yeah, I mean it’s personal finance for investors and entrepreneurs and business owners and we take it from, from, from the first step because I think a lot of people know that maybe they’re, you know, they’re not where they want to be, right.

They’re not where they want to be with regards to their financial life. Right. And they know that there’s something better and they’ve, they’ve read a lot of books, they’ve taken courses, but they have no idea what to do next.

So we take it from yours, the whole situation and years…

Why people years, why people are in the situation that they’re in, and then we basically give them a step by step instruction through this course of how to, to turn the boat around or the bus around as I would usually say, get the right people on the bus and now go, go someplace special. Right?

Ryan Enk:Yeah. Awesome. So we’ll put, we’ll put that. We’ll put the link to your course up on our website or be http://cashflowdadlife.com/resources and then go to the resource page. And then from there you’ll get to see MCS course. Lots of…

I mean obviously if you’ve listened to a podcast, you know that this guy has got a lot of valuable stuff to say and a lot of wisdom to glean from, uh, his course is that much more valuable.

I know people who are saved $2,000 a month just from taking this course and the course is free right now on itunes and won’t be for very long.

So get it right now, but while it’s free, but again, you can go to http://cashflowdadlife.com/resources in order to find this course. Now, one thing I want to touch on before we go is cash flow banking.

MC Laubscher: Yep. And kinda sticking with the theme that we’ve talked about, there’s some popular educators and gurus out there. A  banking is all about using like a wholesale term policy in order to protect your money and to basically use that as an and make it become your own bank.

Yes. However, there are people out there, some very popular educators like Dave Ramsey, Mary haunt, financial educators that pretty much say that anything beyond term life insurance is for fools.

You know, I know in, in my area of expertise in real estate, sometimes I’ll, I’ll talk about using credit cards as a way to purchase real estate and there’s people out there that if you use credit cards, if you use debt to purchase real estate, you’re a fool.

And for me it’s for the simple minded, you know, it’s for people who don’t see, they just see either black or white.

But they don’t see an entire strategy that encompasses every single nuance to that because there’s ways to do it to make sure that your ROI is good, to make sure that you’re protected, that you’re not coming.

Ryan Enk: You know, there’s, there’s all kinds of ways to do it that make it very smart. Is the cash flow banking very similar to that because you’ve got a lot of people out there that are saying it’s a foolish thing to do, period to use a whole life insurance policy?

MC Laubscher: Yeah. So dividend paying whole life insurance policy with the insurance companies where we use for a cash flow banking. And to answer your question, Dave Ramsey doesn’t lie, it could. Susie Orman has said something about it and there’s other folks about it too.

And they’re right…

You know that I think Dave Ramsey has said, you know, a whole life or Susie orman has said something that it could be the worst place to put your money ever.

life insurance real estate negotiation finding deals get them to trust you like you partner brother adviceAnd I don’t disagree with them there, right? It’s just not the full truth, the full story. And again, that’s focusing on the product. So the cookie cutter, whole life insurance that the majority of the public buy at retail level is not a good investment because insurance has never investment to begin with.

It’s a savings vehicle…

So when they say it’s a horrible place to put your money as an investor, as an investment compared to mutual funds, well number one, it’s the cookie cutter that the public buy at retail level is horribly structured.

MC Laubscher: They are overpaying for insurance costs and you know, I can go on and on and on. And number two, it’s not an investment, it’s a savings vehicle. So the way that we structured is as part of an overall strategy and you, you absolutely nailed it, you just summed it up really well. It’s part of an overall strategy. So I always say, you know, years years, a little bit of critical thinking.

I think that that goes into it. So if family offices are using cash flow banking, integrating that with their businesses and real estate investments and so forth. And these are families for folks that are not familiar with family offices.

You know, when families have a approximate net networks around $250, million dollars and up, they bring it into all the advisors under one room because mistakes, if your asset protection guys, not speaking to your CPA or your tax guy, right?

MC Laubscher: There’s a lot of zeros behind mistakes and miscommunication. So they bring them all into one into, into one, one firm that manages the money of the family.

So they use cash flow banking, uh, as part of strategies and the, the, the, the core of their strategies and a lot of these family offices. So they’re doing it and doing it and doing it very, very powerful…

Now, what’s the difference between them doing it and then the average guy on the street that’s buying a retail policy from his brother in law, you know, that, that, uh, that Dave Ramsey or susie orman talks about and both are both are a whole life insurance vehicle.

So what’s, what’s different and it’s all about strategy. So you’ve got to set it up with the right person, with the right company and structured a very specific way and then integrate it as part of an overall strategy.

MC Laubscher: So a whole life insurance vehicle, even if it’s structured correctly, it’s a great place to save your money until you deploy it. It’s a great vehicle for legacy planning, for saving, for, um, for, for university or colleges for your children and so forth.

But it just is still, it’s just a, it’s just a, a distill a whole life insurance policy, right? How do you use it? How do you integrate it? Where does it fit into your overall strategy?

So I think that’s what they missed because David and Susie and a lot of the financial entertainers look David, there are different avatars and the different crowds. So, um, they’re very product focused.

So they speak about product in isolation and I mean you could say the same thing about any single financial product that we could rip apart, you and me here, if we go through the line, if we look at the word, you know, just on base, on base by itself, you know, I’m not a stock guy.

MC Laubscher: I haven’t been in stock market for years. I think it’s a horrible place to have your money. But do people make money? They’re absolutely because they have a strategy, they know what they’re doing. It’s in line with what they know and how they use it.

So whole life insurance and integrating it with investments is the same thing. It gives you a lot of control, protects your principal tax. Free growth provides a death benefit. I mean I could. It’s a private investment. So it’s an invisible financial instrument. It has asset protection. There’s flexible. I mean I could go on and on about it.

It could be a great place, just like a real estate investment could be a great investment or it could be a horrible place…

Just like a real estate investment can be a horrible investment, right? Yeah. No, it’s, it’s, you know, it is, it is one of those things where one dimensional thinkers can easily put it in the box as, oh, this is bad because suzy orman and Dave Ramsey said it was bad.

MC Laubscher: I get that too. With, with that, with real estate world, there’s good debt and there’s bad debt that you’re paying yourself, but you’ve got someone else paying off your debt. What are you doing?

You’re tremendously growing your network.

Ryan Enk:Absolutely. And by the way, both of those and usually cite to a lot of people too, is you have to have your house in order financially to and invest in yourself and your, in your education before you do certain things. Right? Dive.

For instance, picking on him, he does a great. If you, uh, if your financial life is a complete train wreck and a complete mess and you’re spending more than what you’re making and all that stuff, he, you know, he’s stuff can help you to get your, get your house in order, right? Uh, so you have to have your house in order, the same way of using debt and real estate…

MC Laubscher: If you’re a financial mess and you start leveraging a bunch of debt and credit cards with real estate that can destroy you the same way of setting up a cash flow banking policy and then trying, you know, these strategies could destroy you financially if you don’t have the fundamental building block a and you don’t have your financial ducks in a row.

Ryan Enk: Absolutely. Absolutely. So this has been an awesome interview. I mean, we, we’ve covered a lot. We’ve, we’ve gleaned some of the secrets of the richest cashflow and inches in the world.

It’s always awesome to not only interview those people and get that wisdom, but it’s, it’s even better when you can get the cliff notes, you know, and like this. So I really appreciate you coming out. Do you have any final words of wisdom for our listeners?

MC Laubscher: Know I just, Ah, thank you so much for having me and appreciate the, the, the time and the opportunity.

One final thing that I, that I shared that I also learned from interviewing these cash flow and they ingest and it’s actually a person that I regard as a mentor shared this, is that the wealth formula that he used, that I tried to implement in my life everyday is your mental capital times.

You’ll relationship capital equals your financial capital, so it starts with your mental capital, what you learn, what you studying, what you know, what you read, courses you take in facing and yourself, and then also who you spend the most time with, right?

Jim Rohn has this quote that you turn into the average of the five people that you spend the most amount of time with and have the average income of the five people you spend the most amount of time with, and then also your network, your main floors, your coaches, your team and, and so forth.

capital improvements stock exchangeMC Laubscher: That will get you the financial capital, uh, in the end. So that’s changed my life. I do an inventory on both of those areas every quarter to see where I need to develop, where I need to grow, what do I need to learn, who do I need to meet to get what I want financially. So I’ll finish off with a, with that for you.

Ryan Enk: That’s awesome. And that’s everybody’s choice, who they hang out with it too. So absolutely what they spend their time with. Mentorship doesn’t necessarily need to be a one on one guy, although that’s nice to have mentorship and just be the books that you’re picking up.

So it’s awesome to see for a, for taking your time out and uh, and, and sharing all your wisdom with us today…

MC Laubscher: Thank you so much for having me, Ryan.

Ryan Enk: Take care. Bye.

Thanks for listening. Please remember to rate and subscribe. You’re going to want to listen to every episode as soon as it comes out. It hasn’t been an idea or strategy that can literally change your life.

Listen, don’t miss out on the free investor pools that I have on my website https://cashflowdadlife.com/. So go to https://cashflowdadlife.com/ gets a free swag and lists and hit me up. If you want to talk about how we can get you out of the rat race as soon as possible. Until next time. My name is Ryan Enk and this was Cash Flow Dad Life!

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