Thursday, October 19, 2006

Millionaire School in Los Angeles

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I attended the recent Millionaire School in Los Angeles. Similar agenda.

I signed up for a few courses. There is a 72 hour cancellation policy. After that they are very strict about not cancelling. I have a frient who is not able to go to one that cost $7,500. He is going to have to pay a $2,500 cancellation fee. The reason stated: "we no longer promote the program which means cancellations represent a loss of revenue for us."

This for a course that sold out to 200 people at $7,500 each. I'm told that Harv gets 50% of that. That would mean $750,000 for the course instructor. It doesn't seem like $2,500 is much of a loss. It sure doesn't fit with my image of people who are trying to empower others to create wealth.

Several of the speakers were promoting courses about trading commodities, stock options and currency based on technical analysis. That seemed reckless to me. It is very risky. All three of the presenters claimed to be making a living doing this and getting returns as much as 100 to 400% per month.

1 Comments:

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