Brad Sugars on ABC

I saw the program too – more power to them. You seem to view making money by this means as distasteful – yet in the next breath your ready to join them. Was that your greed glan taking over? There are heaps of ways of making money and just because someone got off their backside and took action and is making money, how about applauding it and taking notes and using them instead of constantly bagging them. [blush2]

its funny,

how people pay seminars and all just to get motivated…

…i have never payed for any seminar before, but have attended free ones, just done lots of reading, listen to other peoples experience and from my own exposure and trial and error… gained the knoweledge, through simple basic learning curves…

Cheers,
sis

though… for $8000, thats a cash deposit for a cheap +ve cashflow property, or the starting of a small share portfolio..

… or even, for a much better cause… you childs education…

People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million

I had mixed feelings about Brad Sugars.
I know the power of group behaviour as he outlined…getting like mindeds with intent together can be really powerful.

However, I wonder how Brad derives the $8000 value of the week.

At the end of the day, making money is a simple concept. You find a way to supply demands at a price that allows you to make a profit, in quick time, while not going to an early grave with the effort.

I got the impression Brad Sugars sells nothing more than 2 things:
– +ve cash flow property investing.
– buying underrealized businesses, increasing turnover, then selling.

Personally, I think the +ve cash flow investment message isn’t relative post property boom. To make gains as easily as Brad or Steve did pre 2004 cannot be done in 2004, at least not as passively. I doubt Brad would tell you that.

Further, if Brad’s best foot forward re building businesses is the example of the chinese takeaway featured on ABC, then I am not impressed. There is nothing smart about 2 people working 80 hours a week each for 16 weeks to make a goal profit of $80k, (minus in, out and operating costs, and capital purchases). This little example would have been lucky to net the 2 owners $20 an hour for their labour. The two could have gone out and got full time jobs working for others, and faired better time and energy wise, plus they wouldn’t have the stress of holding a business difficult to sell.

And the idea to franchise the pastry products is Mickey Mouse stuff too. Franchises are passe. It is extremely difficult to find a capable person willing to buy into an unproven franchise. I know people who were with Brumbies Bakeries from the beginning, and saw that chain go through a full life cycle in a very short time span. Franchises can too easily become a pyramid selling scam, with the last in being the ones who do their dough. Even Macca’s restaurants aren’t the cash cows they used to be.

I would personally rather spend $8000 with a good business mentor, who is familiar with accounting, general management, and feasibility studies. Their experience is invaluable, and my bet is that they would offer more bang for buck than Brad…

In saying all that, I am not bagging people trying to do what Brad is. I would dearly love to be mentored by the truly intelligent and ethical and experienced. If a guy or girl comes along who has those traits, then I’ll be in the front row.

Bruce
Mooloolaba, Qld

Well folks,

It’s Rick Otton <edited to provide full name> next week, so that should be interesting.

kay henry

He sells happiness. Tells people they can be wealthy and for weeks months or years they get to belive it.
Then reality hits. But for a while they felt they could be millionaires.
Agree on the “Noodle Bar”, that amount of effort for around $30,000 to $40,000…..????

I can see there must be lots of people who just need an ego buildup, some financial education and a little push to get them going.

However, I am not keen on the method used to go about it. Three or four hours of sleep every night for a week? At the end of that you would say or do anything wouldn’t you?

Wasn’t ‘sleep deprivation’ some form of torture to obtain strategic information during wartime?[worried]

If you want to get out of a hole, first stop digging.

>>He sells happiness. Tells people they can be wealthy and for weeks months or years they get to believe it.<<

No, he sells HOPE.

There are many people out there (and here ?) who haven’t got the faintest idea as to how to go about accumulating assets.

They have scratched together a few lousy dollars
and spend it on an outrageously priced seminar.

Are they doing the wrong thing by themselves ?

I am not so sure either way. (we have to start somewhere).

It is oh so easy for us to condemn foolish behaviour.

But I reckon that most of us (including myself) do not produce anywhere near the most of our potential.

So we too may well be self sabotaging our case.

Pisces

I have a friend who went to one of Robert Kiyosaki’s 3-day seminars that cost around 6k or so. When he came back he told me that a lot of the stuff they learnt was just what was in his books – which cost around $25 each [glum2]

Mind you though, he went on to start a business which is doing extreemly well atm. Maybe it’s like a placebo – some people need to spend stupid amounts of money for a seminar in order to feel the information they’re receiving is worth it?