Man what a coincidence. I was just reading that entry and making the exact same observation. What a huge hole to put yourself into to get started!:cheers:

 

Russ Whitney is a disgusting excuse for a human being, and if he sues me for saying it, I'll get some people together and bring his empire of scamming crashing down, even if I have to play Samson. That's how disgusted I am with him and his tactics. I saw what he did to Creative Real Estate Online after some posters trashed him. He threatened to not only sue them, but utterly destroy them, professionally and personally. It reminds me of the "freak outs" L. Ron Hubbard pulled on his critics.

Also, the $45k is for ONE SEMINAR. There's a graduated scale, like in Scientology. At the end, the total cost is probably something like $100k. If I had that much money, I wouldn't need a seminar, I'd need a wealth manager, like the kids of billionaires have to manage their dough so they can keep the tabloids in business. If I could get a $100k credit card limit, I wouldn't need Whitney either.

I'm financing the startup costs of my e-commerce website on cards, and already I'm starting to get nervous. I'm thinking of getting a personal loan to pay down the cards so I can continue. If some dumb seminar guru told me to sweet talk my bank into giving me a $100k credit limit, I'd tell him to go pound sand, because it ain't gonna happen.

 

Can any of you comment on wealth managers, based on your experience?

 

Yes, if this is nuts. This is why I dislike the so called gurus. Once your in their funnel, their sales tactics are to continue to upsell you until you've spent more than you can afford.

Heck Diane Kennedy has a real estate seminar in Hawaii that is 30K.

They make you feel like you can't be successful until you spend this kind of cash.

Joe

 

If a wealth manager is sooooooo good, how come he still has to work?

 

well, if that were completely truth then Roger Federer or Tiger Woods would need a coach? They are clearly the best on what they do and still need coaches. Same with singers and actors. Or maybe these comparisons are stupid.

Let's talk about business people... the most important CEOs also have coaches --called advisers or something else, but the concept is the same.

I do know of rich people using them, and knowing that there are so many wealth people in this forum that's why I ask.

 

Be my mentor MJ?(seriously):smxB:

 

I'm wary of any mentor that won't talk about downside
(everyone can do this, you won't lose money, etc).

If you're playing the stock market,
there will be bad days, bad decisions.
You'll end up losing money.
Just part of the game.

If you're leading projects,
some will blow up in your face
and you'll likely get fired
(or as I call it... taking the hits for the team).

: )

 

MJ, I think we are talking two diff things in here; my mistake for mixing things up.

The post was about Whitney and RDE. Then somebody mentioned about Wealth Coach/Strategists. I do know of a rich guy (you know him as well) that uses wealth coaching and told me it was worth every penny (and it is not cheap!!). I was asking about that in particular; probably should be a separate post.

 

I suggest that you start a new thread where we can talk about this issue.

 

Yes, I do get the occasional request, from various places (everything from B&B mgt, to wealth building, to home theater design/construction, to building a business).

My answer:

That's why I write.

These days the writing is on the forums. In days past I wrote for magazines (before they became internet roadkill) and taught workshops.

Got paid well for it, too.

-Russ H.

 

ROTF, LMAO

No, RK has not been calling me to mentor for him.

He fired me, remember? :smx19:

http://thefastlanetomillions.com/showthread.php?p=1519#post1519

http://thefastlanetomillions.com/showthread.php?p=1554#post1554

-Russ H.

 

This is what I found most disgusting, assuming it's true:

 

Property gurus have been charging up to $50k on this side of the globe for the duration of the property boom. Unfortunately there are always people clinging to the illusion that there is an easy way. They keep paying which is why these guys stay in business.

It's like spam, someone's buying.

 

I was there, and yes they do take an intermission/lunch so people can go call their credit card companies to increase the amount of available credit. I increased my limits by $25k! ...Which is awesome, and I love having access to all that low cost (0% for 6 months) money- but hell if I bought anything there! Lots of people did. It was a super hard sell and there was this whole level of status given to those who joined. After all, they were the real action takers. Lame.

 

Funny thing is, I have older tapes and CDs from Robert Kiyosaki where he talks about how you can learn a lot from books and DOING, and that going the seminar route, while it can lead to success, can just as easily NOT-- and-- he says it's too expensive, he didn't see it being worth what the seminar leaders were charging.

RK's past seminars (5+ years ago) focused on selling his books and tapes. He really didn't try to "up sell" his students into seminars where they'd spend thousands of dollars.

Times change.

-Russ H.

 

He has said it before. The only way to make it to the billionaire level (which is his next goal) is to have "infinite returns"
For him using these seminars is great ROI as he is not putting anything else than his name and others make him the money by using the old pressure-based seminar schemes.
And just wait until his company starts pushing his franchising down everybody's throats. I can see the only way for franchisees will be to sell the RDE seminars.

 

Just curious- I'm assuming that when you posted this link that the link was active and not all deleted posts. (Very 1984 of the RD site.)

 

This is soooo true & no one wants to say it or to hear it. You will lose money on some deals. No one hits a homerun every up to bat.
++++ Seeing both sides of a deal makes us better business people.
Janet

 

I think this was from a post that I started on the value of the Whitney training. In my defense, I kept getting hammered by people who didn't read the whole friggin post. I would have never paid anywhere near $50k for training, I was just wondering if anyone had and if they felt it was worth it.

...I like how the mods response to the deletion is: "Does not add value". Ironically enough, the intention of my post was to clarify value. Potato/potatoe I guess.