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Invest in Yourself is a Broad Topic

Discussion in 'The Unscripted Entrepreneurial Mind' started by RichieG, Nov 14, 2018.

  1. RichieG
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    RichieG Contributor

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    So many people with "money " who "sell things" seem to have the same piece of advice.........................Invest in Yourself.

    Is this true or a big marketing scam? Let me tell you where i'm coming from. Nearly all who advocate this have these traits

    - I used to live on pasta and water
    - I had an old car
    - I maxed out my credit card
    - I didn't go on holiday
    - I don't eat at restaurants
    - I lived in a small apartment
    - I had my electricity cut off
    - Reinvest in your business ( to make more money )
    - But the main one INVEST IN YOURSELF

    They tell you how hard it was but they kept grinding. Trying to build a business and the key part THEY KEPT INVESTING IN THEMSELVES

    Now look at all the points above. What do all the above points have in common? Not spending a lot........unless you invest in yourself.

    This breeds a mentality of I will neglect my health ( through poor diet) , drive an old car ( so I have no lease payments or spend £££'s), i spent more money then I earned ( credit ), i didn't waste money on holidays, I eat cheaply so don't waste money on eating out, i had a pokey apartment that cost me $200 a month, i didn't pay my bills.

    BUT I INVESTED IN MY SELF.

    Now you can do the same. Neglect yourself but come and spend all your money plus more via credit buying my books, courses, forum memberships, courses or even managed stock funds.

    I'm starting to think this is one BIG CON to get you to transfer your money ( all of it ) and sell it as INVESTING in yourself

    In today's world if somebody really wanted to help people they can at a very low cost. E-books, websites, email etc.

    It would be lovely to have someone who had zero agenda and made zero profit ( or reinvested into further products ) to help people.

    All this information can be made public. Yes to the whole world. The information isn't what is important. It's what people do with it.

    Now there maybe people who do this and if there are I would love to hear their names.

    Rich people like money and they want yours.

    Personally i think you need to ask yourself - What am I trying to learn today.

    1) Try and find the information for free
    2) Research people in similar positions and look to see what they would do - even send an email
    3) Post on Forums and ask for advice
    4) Try things for yourself and learn the hard way

    There is a certain Real Estate Guru who invites you to invest with him. He slates the stock market, banks, bonds etc ( which I partially agree with ) as they hold your money and you can't access it. He then says invest your money with me and let me buy Real Estate for you

    I could go on and on.

    As mentioned if anybody knows of anyone who does this for FREE ( all products ) please do reply with names
     
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  2. MTEE1985
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    MTEE1985 Silver Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    MJ DeMarco

    Well, almost free, I spent $30 on his two books and bought an (optional) insider subscription, but I don’t mind contributing to his cigar fund.
     
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  3. RichieG
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    RichieG Contributor

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    Let's focus on almost FREE $30.
    7.7 Billion in the world
    0.01% of them purchase what you did
    770,000 people
    $30 ( almost free )
    $23.1 million dollars

    I am just using the above numbers as an example of self improvement fastlane

    Content in MJ's books to me is worth the purchase price. Not sure why are on here though?!

    $30 is nothing compared to some books, courses, subscriptions

    Anyway this isn't about that. It's to do with the mindset people try to get people in with invest in yourself first - is it to help or get their money?
     
  4. Kruiser
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    Kruiser Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass Summit Attendee

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    There is also the psychological phenomenon that you are more likely to value and act upon information that you have purchased. I have experienced this myself. Once I pay for valuable information that I probably could have accessed for free, I think "crap, I just paid $200 for this, I better take it seriously and use it." To my great benefit.

    Of course, it is possible to spend $200 on information and then not act on it, which is a separate issue . . .
     
  5. RichieG
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    RichieG Contributor

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    Yep - good point. The ideal would be if you can train your brain to take information as it comes and filter what is useful and not put a monetary value on it.

    I was trying to understand the "lower your expenses and live cheap " but invest in yourself.

    All the things I listed above ( to start your own business ) are not necessary. You can eat well, drive a decent car, etc without spending a fortune.

    It seems to me it's just a potential " plan " to make sure more of your money goes in the direction of the marketeer.
     
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  6. ZF Lee
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    ZF Lee Platinum Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Well said!

    I was a sucker for Kiyosaki and followed the 'get investing in yourself' advice by buying the next few books offered at the back of the RDPD book.

    It kind of backfired (for Kiyosaki) as I went on to find TMF with the same advice.

    Anyway, what else can we expect the gurus to say? Go away? :hilarious:

    But this advice is not totally wrong. You just need to have better ways of investing in yourself. Starving yourself of a decent lifestyle and just sticking to books and guru courses for progress aren't the 'best ways'. There is definitely more than that to do. Likewise, one should not just invest into one stock or one property.
     
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  7. maverick
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    maverick Unorthodox Nonconformist Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass

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    You're incorrectly equating investing in yourself with spending money.

    Read, digest and process information. Form an opinion about everything you perceive, read and hear. Never follow someone blindly or believe anything at face value.

    I prefer the term evolving. Evolve as a person.
     
  8. RichieG
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    RichieG Contributor

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    I have no issue spending money. The point I am trying to raise is do people use the eat cheap, buy an old car, don't go on holiday, max your credit card out as a technique to get sales for their products. The less people money spend the more they have to spend - and "marketeers" want that money and the credit money.

    Why when you start a business do you need to eat just pasta, have no car, live in a small apartment etc??
     
  9. The Abundant Man
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    The Abundant Man Silver Contributor Read Millionaire Fastlane Speedway Pass

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    It's pretty simple.

    "I'm a fat piece of s**t. So I'm going to invest in myself by going to the gym."

    "I'm going to get smarter by reading some books about the topics that I need help with."

    "I need to wake up earlier. I'm going to set up an alarm. I've invested in myself."

    "My job/career requires more education. I'm going to go to college to invest in myself."

    etc...
     
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  10. Bekit
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    Bekit Bronze Contributor Speedway Pass

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    Speaking as a copywriter here...

    You're making a valid objection to a common guru strategy. This is the template for many of the sales pages (and hard-closing sales tactics) out there. It's the "sell at any cost, even if it's not good for the customer" mentality. It's the line that "you should skimp and save now, because down the road, you're going to get a future payoff that's so good, it's going to make your current sacrifices look like peanuts." It's selling people on a dream.

    Why do they use it?

    Because the storyline works.

    "I used to eat beans and rice, too, but when I did these '7 Dynamite Steps,' my life radically changed, and look at the car I'm driving now! I don't want to keep this to myself. I want to teach the same thing to you. If you want to live the life of your dreams, all you need to do is invest a little in yourself and you can get there. Just pay $50,000 for my weekend mastermind in Monaco and you'll learn all my secrets. Oh, you can't afford it? Well, buddy, it's time to invest in yourself. Live a little. Surround yourself with the kind of luxury that will awaken your reticular activating system so that your subconscious brain works on solving the problem for you. Here's how you invest in yourself. You do whatever it takes to get that money together, and you come to my mastermind."

    What do I mean that the storyline works?

    It works to fill guru pockets and stuff guru bank accounts full. When the guru marketer uses this kind of copy, people resonate with it. They want the thing. The guru gets more sales. So they use it over and over. SHOULD they use it? NO. The story probably isn't even true. But WILL they use it? The ones who throw ethics out the window sure will.

    Why does the storyline work?

    Because it's not just coming from "Some rich dude who never skimped a day in his life." It's coming from a "regular Joe," someone who was "just like you" who "stumbled upon" this "secret of the universe" that "worked for them and worked for all these other people, and it will work for you, too."

    Is it hypocritical?

    ABSOLUTELY.

    If this guru knew so much about the pain of eating beans and rice, or not being able to put gas in your tank, or not being able to stay home from work when you're sick, or not being able to afford to buy medicine for your kids, or not getting to go on vacation, then they would never ask you to fill out two $25,000 credit card applications to afford their "solution" to your problem.

    And that right there is the tip-off.

    No matter how compelling and enticing their copy makes their thing sound, don't buy it if this is the storyline you're hearing.

    The guru pretends to be acting in your best interest by offering you the ticket to the good life. They're not. They're acting in direct contradiction to their customers' best interests. They're preying upon the desire to alleviate poverty, finally have enough, finally build wealth, finally have a good life. And they're leaving a trail of more poverty, deeper debt, and worse financial misery in their wake.

    If they can't even be ethical enough to sell their stuff honestly, how do you expect them to deliver on any of their promises?
     
    Last edited: Nov 15, 2018
    ZF Lee and MTEE1985 like this.

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