Well, When All You Have is a Hammer…
Posted on January 8, 2008
Filed Under Uncategorized |
you think every problem is a nail.
Yes, I know it is a cliche’ and used too much, but in this case it is so true.
Through the feedback page at the Field Guide, we received a comment from a nationally recognized guru. I am not going to disclose their name because I see no reason to give this bozo any kind of exposure. I am going to share the lunacy this person purports to believe.
Dear “Tim”
You are very narrow minded to claim all gurus lie. We don’t. I have many happy students who have taken my {product name removed} bootcamp and gone on to make a lot of money. Investing in real estate is the way the rich got there and if you had a brain you would know it. There is no better vehicle for getting the annualized returns my students get than with real estate. While a stock portfolio might make 10% in a good year because of leverage my students make hundreds to thousands of percent returns every year.
I dare you to go to {site removed} and look at the people who make thousands using my system.
Also, you are not doing your readers any favors with this diversification crap. My students are taught to concentrate their attention in one area and pull every dollar out of it they can.
Sincerely,
{name removed}
First, I didn’t “claim all gurus lie” I asked, “Why do gurus lie?”
Second, it is a myth the wealthy typically used real estate to get that way. You should read The Millionaire Next Door to get a better handle on how wealth is made and retained. Bill Gates did not make his fortune in real estate. Neither did Warren Buffet, George Sorrose or 99.9% of the multi-millionaires in this country.
Investing is a marathon not a 100 meter dash. The reality is if you are going to be really secure financially you must have multiple sources of income. Putting all your eggs in one basket is risky and it gets riskier the longer all of those eggs stay in that basket.
But, I wish you and your students well and considering the price of your product offerings concentrating on a single area of real estate investment verses a yearly subscription to the Field Guide covering many aspects of investing in multiple areas, I can understand why you don’t want your students or potential students to learn about the Field Guide. A yearly subscription to the Field Guide is one-tenth the cost of one of your three-day boot camps.
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23 Responses to “Well, When All You Have is a Hammer…”
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You jerk! You don’t have the nads to name the guru because you know they will sue you into the ground. You are without a doubt an ignorant wannabe. If you had any knowledge about realestate investing you would know the exceptions are the ones who didn’t make their fortune with realestate. No other investing vehicle is worth the time or effort.
Why don’t you crawl back under the rock you came from.
It would seem you ruffled some feathers with this.
When I see high priced bootcamps I often wonder whether it is the sellers real income source. Too many claim to be walking the walk while at the same time spending all of their time promoting their bootcamps and seminars.
I would sure like to know who this was because they need to be exposed for what they are.
Interesting….
“……all gurus lie.” I don’t recall reading that part. I double checked and sure enough, Tim didn’t say “All gurus lie”. It appears to be obvious this “guru” made a judgement call before reading beyond the title.
“…..Investing in real estate is the way the rich got there and if you had a brain you would know it.” I’m shocked!!!! You mean to tell me that of all the non-re related people I personally know aren’t rich through hard work and ambition? They lied to me? By golly, I need you to come to Springfield, Illinois and help me judge these people for lying!
“…..I dare you to go to {site removed} and look at the people who make thousands using my system.” Hmmm, is there a reason why the “people” must prove their $$$ worth? Is there a reason why “my system” is better than mentoring for free?
“….Also, you are not doing your readers any favors with this diversification crap.” Hmmm, me thinks this “guru” is looking at the wrong “crap”.
“…..You don’t have the nads to name the guru because you know they will sue you into the ground.” Really? I respect Tim for having the nads to protect this “guru”’s name from looking like a fool. But it was too late because this “guru” already showed his/her true colors.
“….Why don’t you crawl back under the rock you came from.” If Tim is the kind of person you think he is, I’ll be happy to send him back under your rock where he’s from.
Yes, interesting indeed.
While I am sure if I did name them they would threaten all manner of things. That appears to be their typical response when presented with facts. But, that is not why I didn’t and won’t name them. The reason is I think they are just looking for a fight, a way to bluster before their students to keep those students from asking uncomfortable questions. I guess I could be tacky and mention we capture IP addresses on feedback and comments and what a surprise, the comment here and the feedback submitted are from the same IP address.
Making a fortune solely from real estate is the exception and not the norm. Even Trump invests in non-real estate related things. Remember his television show? Anyway, there is plenty of IRS statistical data showing how and where people made, or inherited, their fortunes.
Real estate is a great investment vehicle. If it weren’t, I wouldn’t be in it. But, it is not the end all be all of investing. Nor is it the best way for the average Joe to invest. Each situation is unique and fact dependent.
However, part of the reason the Field Guide exists is to make the bogus gurus, like the one who sent the feedback comment, completely obsolete! They don’t have any secrets or secret sauce or anything like that.
But, ultimately the market will choose between high-priced one trick pony gurus like our disgruntled friend here and extensive information portals like The Field Guide for Investors. I am comfortable with it either way because I still need a repository to store the knowledge and experience gained by myself and my network. The Field Guide is just our way to share that repository with other investors we don’t personally know.
HA!… I love it when ego maniacs get put in their place.
bfd you track ips. You still do not know your ass from a hole in the ground when it comes to makeing real money. My students are makeing more money each day than you probably make in a year. bfd you have a little website. If you were smarter you would concentrate and market. I can’t find much about you and your ‘information portal’ on the web. Not much success there huh, dumbass.
I agree with you mike_mn and but do not be too hard on him. He does not know much about investing.
HA HA HA…even better…a clueless ego maniac.
un-Real Investor,
Please take all of the mirrors out of your house. Give your over worked ego a break.
Like I am going to take advice from a know nothing.
As I said, I am more than happy to let the markets decide.
I am sure you will have people willing to pay for your boot camps because there is always a segment of the population looking for the easy way to riches. That is why the various lotteries are so popular.
Yesterday, I heard the best argument FOR lotteries I have ever heard in my life. It is a way for people who DON’T PAY TAXES to pay for the education of those who do.
Brilliant!
Nope, I don’t heavily market the Field Guide. The marketing is ramping up but to be honest until late last year we have more members than our server farm could handle. We fixed that and are ready to expand capacity as needed. Everyone on the waiting list we had are now members and anyone joining now gets immediate access.
As I said before, it is really a repository for me. Sharing it with others at a fraction of what they would pay for a single topic guru is just my way of paying it forward.
It seems a little fun or funny but in reality it isn’t. I now feel sorry for Real Investor’s failed attempt to maintain what little positive reputation he has left.
Real Investor–instead of name calling, how about working with Tim to pay forward. It really pays to be a great and humble mentor.
Real Investor,
What exactly is “making real money” as you put it above? Is that a monetary amount or just a feeling you get? How much exactly is making real money? Is that income to spend on your life bills? Equity in your investments? Business income? lets get down to some details…
Debbie why should I give away what took me many hours and years to learn and build? I have insider secrets that only the rich used to know. My students glady pay for that because it makes them real money.
mike_mn my students make thousands on each deal. Most of them are able quit their jobs within a few months of taking my bootcamps. You do know what job stands for right? Just Over Broke.
Why doesn’t my website show up? I keep entering it but no joy.
You said,
“Most of them”…please explain. How many of your students have quit their jobs within a few months of taking your bootcamp and how many students have you had? How have you determined these figures?
Your website doesn’t show up because I have added it to the filter items to remove. You don’t really want people to follow you home from here, do you?
I’ll tell you what… You post a link on the front page of your site to this article and I will allow your links to reappear here for as long as the link exists “there”.
Seems fair since, like I said, I’m perfectly happy with the decision of the marketplace.
Real Investor stated: “Debbie why should I give away what took me many hours and years to learn and build? I have insider secrets that only the rich used to know. My students glady pay for that because it makes them real money.”
That’s fine if that makes you happy. My partner and I have over 3K members who are very happy to get informations/resources from us that are free for the taking. We don’t get money from any of them. There really is no reason to charge people who are interested in investing RE because it is essentially free. Yes, we have a website. My partner created the website and is an author. Only exception is when they specificially order something that does cost money and we provide with very little profit (via affiliation). Even that is a rarity.
Bottom line: paying forward is much, much rewarding than being greedy. We all learned from experienced RE investor, hopefully from those who weren’t greedy. It’s really simple.
I have a better idea. I will just put the word out to comment bomb your sorry little blog.
Those claiming to have secrets known only to the rich are nothing more than frauds and con men.
I have no more time to waste on this. I have real investing to do and a business to run. If you ever want to get rich just google my name . Yes, that is my real name right there. Find me and I will show you how the rich really got that way.
I see you have my name on the filter list too. Bet it can’t handle it in pieces.
Balance of post removed and poster banned. - Tim
I really feel sorry for the “guru” guy.
For anyone who is interested in investing RE:
It’s not for everyone. It is not a quick rich way. It certainly is great for long term and to add to your retirement funds. Yes, RE investment could make you rich much sooner but it takes time and efforts to make it work, especially where there’s multiple RE roads.
More important than that, you do not have to pay for boot camps in order to get started in RE investment. There are free RE forums out there. Not many but they’re out there.
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