This is going to be a post that represents one of the reasons why I started this blog. Even though it could impact my income or the clubs income, I will always be truthful about the situation.
I've been getting a lot of questions recently about all those "gurus" mentoring programs. What is my opinion about these 15K, 20K, 30K mentoring programs that they offer to us lucky investors? Well, let's be clear here; they don't offer them to just anyone. First, you must "qualify".
How does one qualify you ask? Well you see; it's a very complicated process. First they want to know more about you. What are your goals, your dreams, your accomplishments, your ambitions... NOT! Don't get me wrong, they do want to know about your personal life, but don't worry; they won't be delving into those silly things such as goals, hopes and dreams. In order to qualify you only need to share your financial information with them. See now that's not so bad is it?
They'll just need to know a couple of things in order to get you qualified. First let's start with disposable income: How much money do you have in bank? What about equity lines? Hhhhmm... ok. How about your credit cards? How much available there? Not much there either huh? Ok, whatta 'bout your friends? Family? Neighbors? Your friends, sisters, husbands, brother? Oh - I got it. Do you have a car you can sell? What about a fine piece of jewelry? Art? Hhhmmm... do any of your family members have a car they can sell? No? Wow - you really do need us to mentor to you don't you? After we are done with you, you be such a successful investor that you will never have to do through a convesation like this again! So let's see here...
You don't seem to qualify to be a member of our 30K Platinum Membership where you will be honored to have lunch with Mr. So&So and his other lucky Platinum Members at his workshop next year. Nor will you be able to have your monthly 15 minute phone conversation with him or one of his "inner circle" trainers, but it does look like you just might be able to qualify for our 15K Gold Membership!
Now, we want you to have enough money to live on, so let's see here... why don't we take 5K of the 7K you have on your CC's, then 5K of the 9K that you have in your savings, you can get 2K from your father, 2K from your neighbor, and then that leaves just 1K and you can make 4 easy payments over the next 4 months and there you go!
Batta Bing Batta Boom! You're qualified!!
...The moral of the story? Don't Do It People! Stay away from this crap! While I am huge advocate for Mentoring and Coaching - I myself am in many a program, I do not endorse the bullshit mentorship programs that you must get "qualified" for and then you are not even working with the guru himself! Can you imagine? You don't even get to work directly with the persons whose program you bought! You work with some flunky that you have never met and who's probably not even doing real estate themselves! Let me say it again: Never, ever, ever sign up for a mentorship program that you need to get qualified for and are not working with the guru him/herself!
Phyllis and I just talked about this yesterday! We are so sick of these bullshit mentorship programs that all these speakers are shoveling out. There are more investors out there who have spent 10's of thousands of dollars each on these programs and still have not even done a deal!
Bottom line: Stay away from these programs!
