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This is terrible advice and a terrible use of math or expected value.
The end result is spending $500 on something with a 1% chance of success.
You can totally skew the numbers. If I am an overconfident 23 year old, I think I have a 10% chance to making it, so I should pay $5k for the same course? That sounds dumb.
Or if any course has a the potential to make me a zillionaire, I should pay at least 10k for it, since I can justify a 1% chance of success on just about anything. And isn't that the promise of all the Lambourghini Bikini gurus? Why not just tell people to play the lottery? Oh no, blackjack. Better odds in blackjack.
If something has a 1% chance of success, it has a 99% chance of failure, the choice is simple. Don't waste your time or money. It's not math, its common sense.
The end result is spending $500 on something with a 1% chance of success.
You can totally skew the numbers. If I am an overconfident 23 year old, I think I have a 10% chance to making it, so I should pay $5k for the same course? That sounds dumb.
Or if any course has a the potential to make me a zillionaire, I should pay at least 10k for it, since I can justify a 1% chance of success on just about anything. And isn't that the promise of all the Lambourghini Bikini gurus? Why not just tell people to play the lottery? Oh no, blackjack. Better odds in blackjack.
If something has a 1% chance of success, it has a 99% chance of failure, the choice is simple. Don't waste your time or money. It's not math, its common sense.