It takes like 30 seconds to fake an account summary...
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.
Join over 90,000 entrepreneurs who have rejected the paradigm of mediocrity and said "NO!" to underpaid jobs, ascetic frugality, and suffocating savings rituals— learn how to build a Fastlane business that pays both freedom and lifestyle affluence.
Free registration at the forum removes this block.In other words;
2 guys make the same annual income ($50K yearly)
person A does not spend a dime and only saves whereas person B over-leverage himself (million dollar house, cars, debt and more debt) according to expenditure-based GDP, person B should be wealthier because he has far more expenditure.
I might be a bit wrong in my understanding so correct me if I'm wrong. This is how I understood it.
It takes like 30 seconds to fake an account summary...
HOT! - List @ The Few People who have Lamborghinis
I have been around with Self Help/Self-Improvement/Personal Development Industry for a while. It's all good but at the same time it is exhausting like which people shall I listen to for advice So many people are there but there was no list to narrow down manually. When there is no structure &...www.thefastlaneforum.com
Didn't I already allude as much? It's a premiere bromarketing tactic. And I'm not even tech savvy.
boom
I was at my bank looking to see what my paycheck was worth (direct debit) and saw a receipt for a few grand shy of $1m. My heart sank a bit, total freedom
18 mega is FU money, cant even fathom the amount.
That 0.04% increase in your account is almost the median monthly income of a US household
most of the people just choose to live "safe" mediocre linear income lifestyle
and by "safe" I mean they are at their employer's mercy, one medical emergency or a recession from being homeless
Like one of my brokerage accounts here?
View attachment 18729
I probably wouldn't have written the book in today's market. Too many fakers, too much noise, too much saturation.
Aside from facebook, there is a reddit post containing the exact content from this thread, reported it.I just saw this posted, almost word for word (the last paragraph had been cut) on a Facebook group I’m in. No attribution or even “Just saw this, and it’s a really good point.”
It was many years ago when I was a raw 20 yr old, but I still remember the anger and frustration I felt after being shamed by gurus and seminar hustlers because I couldn’t afford their big-ticket, high pressure upsell. I was guilted into believing that I “wasn’t serious about wealth” because I didn’t want to charge and max out my credit cards for a $4000 weekend seminar.
After 30 years I see nothing has changed.
This unnerving experience is part of what motivates me today. Hopefully I can make a small difference and save several from some ruinous financial decisions while also creating some baby-billionaires along the way.
Please feel free to share if you’ve been lectured and shamed that “you’re not serious about financial freedom” because you didn’t want to pony up 4 or 5 figures for some training program, seminar, or masterclass. Learning how to make a fortune shouldn’t cost a fortune. ~ MJ
View attachment 40358
It's a lot wider spread than just in the business sector.It was many years ago when I was a raw 20 yr old, but I still remember the anger and frustration I felt after being shamed by gurus and seminar hustlers because I couldn’t afford their big-ticket, high pressure upsell. I was guilted into believing that I “wasn’t serious about wealth” because I didn’t want to charge and max out my credit cards for a $4000 weekend seminar.
After 30 years I see nothing has changed.
This unnerving experience is part of what motivates me today. Hopefully I can make a small difference and save several from some ruinous financial decisions while also creating some baby-billionaires along the way.
Please feel free to share if you’ve been lectured and shamed that “you’re not serious about financial freedom” because you didn’t want to pony up 4 or 5 figures for some training program, seminar, or masterclass. Learning how to make a fortune shouldn’t cost a fortune. ~ MJ
View attachment 40358
Tom Vu, my favorite!
People that are wealthy teach courses or provide different forms of education in order to make other people better at something. They want to provide more value. Why do people sell it? Because lots of people believe that advice given for free is not worth listening.Great points by y'all.
Like if you're really that wealthy, why are you selling courses?
Why doesn't Elon Musk sell a course on how he created Tesla(Martin Eberhard was the original founder, Musk was third I believe). Or Larry Ellison? Or LeBron James? Why don't they sell courses?
There's nothing wrong with selling courses. But from what I've seen is that a lot of these young guns(15-26 years old, older ones too) fall into this trap, fall prey for these sharks. Because they really are sharks who just want to suck the shit out of you, by subtly tricking you in showing a way that looks compelling to make decent money, when in reality they make the big chunk by selling courses on how to do certain things(running FB ads, IG, YouTube etc...).
Any of you who runs a social media agency? I see that stuff all the time.
Selling courses is a great fastlane model though.
Bingo.I am sorry for double-posting but I think that I finally understand why the gurus teaching how to get rich are selling their courses.
The reason is that selling courses on finance is an idea showing two interesting properties. First, you can sell a course for thousands of dollars and maybe even more. Second, you can sell financial courses to millions of people thanks to the social media. This means that selling courses is an opportunity that can not only satisfy CENTS, but also MCENTS where the letter "M" stands for magnitude.
While selling anything to millions will give you millions, selling anything at a higher price to millions will actually provide you billions. The most of the gurus fail to become a billionaire though because of the high competition. The high entry level is not so easy to accomplish and finding the need is also challenging. But if a guru manages to satisfy all the six commandments of MCENTS, selling their courses will actually make them a billionaire.
What do you think about this?
You're right. There's a very big market for the "wanting to get rich" kind of people. People see the flash in the pants on the internet and go crazy for it. These guys who sell these courses are smart, they got to get their attention with the rewards.I am sorry for double-posting but I think that I finally understand why the gurus teaching how to get rich are selling their courses.
The reason is that selling courses on finance is an idea showing two interesting properties. First, you can sell a course for thousands of dollars and maybe even more. Second, you can sell financial courses to millions of people thanks to the social media. This means that selling courses is an opportunity that can not only satisfy CENTS, but also MCENTS where the letter "M" stands for magnitude.
While selling anything to millions will give you millions, selling anything at a higher price to millions will actually provide you billions. The most of the gurus fail to become a billionaire though because of the high competition. The high entry level is not so easy to accomplish and finding the need is also challenging. But if a guru manages to satisfy all the six commandments of MCENTS, selling their courses will actually make them a billionaire.
What do you think about this?
Join Fastlane Insiders.