Robert G Allen

Didn’t go to his seminar, didn’t know about it either..no help, sorry [biggrin]

I’d presume there’d be some intersting info there from reading his books, presumably he’d make things applicable to the Australian market..

HGopefully those who attended, got at the very least some motivation..

PS- Is it just me or are a lot of Hans Jakobi’s ad’s like Robert Allens.. down to the ‘yellow’ highlighting, check out the property magazines and ESI.. have you read the ca$h cow book ?

my view: listen, learn and use whats applicable to your situation AND comfort zone..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

From what i’ve read only….

R.G.Allen was brought to Australia by promoter Ronnie Kagan, a former partner of Henry Kaye..

Mr Allens workshop promotions are similair to those of local wealth spruiker George Mihos..from the ‘Today not Tomorrow ” institute..

In R.G.Allens ad’s he claims “I’m on the prowl again-looking for a small group of ordinary people who want my help in creating instant wealth, like i have for countless others”

Mr Kaye faced charges of alleged misrepresentations in the federal courts this year over a series of advertisements claiming to make people into property millionaires in 6 months without using thier own money.

The ACCC brought these charges against HK, but so far has not stopped to intervene R.A..

Neil Jenman and denise Brailey were at the Sydney meetings on Tuesday and voiced concerns..

The ACCC said a lot of spruikers are going underground, using direct marketing, the internet and phone calls to get to people.

The ACCC has taken action against HK advertising and a group called ‘Wildly Wealthy Women’

Slightly negative huh.. however , make up your own minds, i’m sure many of the ideas have some merit

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

A lot of spruikers become wealthy by running seminars/selling educational material and telling people how to become wealthy, without practising what they preach. I despise this group because their greed has got the better of them.

You have the people who run seminars/sell educational material and practise what they preach. What I don’t like is the high price put on the stuff they sell. They have a right to sell useful information, but not for thousands of dollars. Again this suggests greed is taking over. Afterall if they are so successful in the field of investment, they don’t need to be making a fortune selling educational products.

Then you have the people who are just plain successful investors and never feel the need to profit by selling educational material.

We must never part with our hard-earned money without research and simply claiming it is all in the name of education. That money has to be reclaimed before you make any progress whatsoever with your investments. We must continue to question what it is seminars really have to offer us. Is the information readily available in a cheaper format, for example? Maybe we can get the info from books and magazines, and apply it ourselves.

I think there are probably some good seminars out there. But don’t get hyped by all the blurb telling you you will amount to nothing, unless you part with thousands to discover their secrets that will lead you to riches.

Finally, no-one ever got rich by doing nothing (a lottery win being the exception) – it takes a lot of effort in some form or another. Building wealth takes time and certainly will not happen for you overnight. If that was your thinking, you need to take a dose of reality right now.

Of course there is the view that you are charged a lot for these seminars so that you really get involved in the learning. If they were cheap it wouldn’t weed out those who aren’t serious enough about doing the work..?

Robert Allen says he charges enough to make it hurt so you do take it seriously.

Good luck with it Geo

I liked what Kristine (and some others) contributed to this topic.

However, Celivia said : “ I hope so, sis!
Jenman, in his newsletter, said: “After all, not too long ago, he was Henry Kaye’s partner.”

Celivia, you are casting aspersions on Mr Allen
based on (what appears to be) incorrect information. [blush2]

That is akin to character assassination !! [wink]

Being careless can get one into plenty of trouble. If I were you I would seriously consider making a public apology on this website.

Mr Allen was talking about having multiple streams of income and, who knows, one of these may well be to take people who character assassinate him to court.

I don’t know anything about a Jenman newsletter but from an article on his website I conclude that it wasn’t Robert Allen who was a partner of Henri Kay but that Jenman is talking about one of the people who previously promoted Henri Kay and he is the one who apparently has brought Robert Allen to Australia.
.
Even then we don’t really know (or at least I don’t know) whether that person was a ‘partner’ of Henri Kay or whether he merely had a business arrangement to drum up seminar attendants.

Jenman also posted an article on his website calling it “Speaking with Robert Allen’ and he further said “What follows is, to the best of my recollection, a record of my conversation with Robert G Allen. “

Being aware of Jenman’s selective memory (at least where it concerns wrapping) I would, on principle, be very hesitant to automatically accept anything Jenman says on face value as he has lost his credibility in my mind at least.

However, that particular article didn’t disclose anything other than that Robert Allen was too smart for Jenman. He refused to be drawn into a question and answer session. Who would want to if the questioner already has made up his mind ?

John T. Reed whom I suspect is the source of some of Jenman’s information is also not quite an unbiased party.

Both Jenman and Reed could be said to have reasons to run other people down. Jenman, we reasonably can conclude that his motive is to establish himself in the public eye because that will assist him in his business of selling real estate franchises.

Reed too has motives because he himself is selling courses and articles so he too would prefer that people spend their money with John T. Reed rather than with Robert Allen.

In another article, Jenman talks about wraps and gives the following example :

The wrapper will buy a home at its true value for $150,000 and get a loan at seven per cent. The wrapper will then load the price by $30,000 and “sell” it to a family of battlers for $180,000 and charge 10 per cent interest.

If the true value of the home falls by 20 per cent – to $120,000, the battlers will still owe $180,000, which is $60,000 more than the true value. Plus the loaded interest rate costs.

My question to Mr Jenman is whether he is also suggesting to his franchisees that they really ought to stop being involved in selling houses in a falling market.

After all, to utilise some of Jenman’s own words, Thousands of battlers are facing financial slaughter by buying a property now. (the last five words are mine).

If not, Mr Jenman, why not ???

Mr Jenman is also intellectually dishonest by portraying a wrapper as a rip off merchant based on charging an interest rate higher than they themselves pay.

Is he saying the same things about the banks and the finance companies who do the very same kind of thing ?

I would be absolutely delighted if he did and mentioned lenders specifically by name. I would think that it wouldn’t be very long before he would find himself in court being cleaned out.

Alan_Chong said in his post that “He (i.e. Robert Allen) has lots of property strategies which most people on the forum would be familiar with (ie flips, options, wraps, lease options, conversions, making money on the internet, stock market trading).
You can read his book ‘ Nothing Down for the 90s’ which has good material.”

Some people on this website may conclude from Alan’s post that Robert Allen actually detailed several of his strategies in his talk.

He didn’t really, it was more a sort of promotion for his seminar.

So go and buy the book Alan_Chong mentioned (or several of such books by other authors).
It will be worthwhile and very cheap compared with the cost of a live seminar.

The seminar’s basic purpose seems to have been to go fishing for seminar attendants.
I would say that he has succeeded in that judging by the number of eager people who queyed up.

My opinion about spending big money on a seminar ?

All the basic information can be obtained by buying a number of books and/or visiting a few websites, already mentioned in several posts on this web site.

Was it a waste of time attending the seminar ?

I don’t think so as one of the valuable things Robert Allen did give away (in my opinion) was some psychological information about ACTION. Action is the ingredient absolutely necessary for success and which most people unfortunately have a lack of.

If one had to pay $ 5 K for that one sentence (and the understanding what it actually means) it would have been well worth it (again, in my humble opinion).

[purple]Do I think that the people who will finish up going to his $ 5 K seminars are doing their money cold ?[/purple]

I would think that most of them (but not all) will not benefit from the information in a seminar as such because they wouldn’t be prepared to do the things necessary to do.

But what’s new about that ?

Unfortunately another problem for many people is the existence of one particular (very dominating) human trait which is that if something is given away for free (or for very little money) then its value isn’t really appreciated.

One interesting occurrence during the evening talk which I attended was that a sleazy woman stood up and said “Don’t listen to that man“ And “Why don’t you pay your creditors in America” and “Read all about him on Jenman’s website”. I think (not quite sure about that) that she also had a photographer in tow.

Personally I think that that woman was over the top and therefore cuckoo. Her little charade certainly didn’t appear to have deterred many people from wanting to sign up for Allen’s seminar.

I just realised that that crazy sounding woman whom I mentioned above may well possibly have been the president of the Real Estate Institute of (which state?) (which Neil mentioned in his post) but she surely mustn’t have seen the article on Jenman on the Real Estate Institute of Victoria’s website which carries a not exactly complimentary story about Jenman.

(Go and read it and judge for yourself how self righteous Mr Jenman actually behaves.)
It turns out that more than a hundred of his franchisees have sofar fled his organisation.

Pisces

Hey George, why not cancel your enrolment and thence go as a partner of someone else and collect the discount. Each person will save money !!

BTW I would prefer if you don’t send that bottle of whiskey through the mail.

I would prefer to collect it in person next time I’m in Melbourne.

Regards,

Pisces

OH MY…[confused2][confused2][confused2]…WOW!!! – you guys are amazing – wealth of information and help – thanks to you all.

Pisces – love your suggestion. Why didn’t I think of that on the day. Got any ideas as to how I can find someone who is attending the seminar? Would love to go as a partner and save on costs? Or is anyone interested in attending his 4-day seminar?

Sincere Thanks to Hux001, Melbear and Pisces and everyone else that contributed.

Kind Regards,
George.

“If You never never ask, you’ll never never know”

Just my $0.02 is that, I tend to go with Robert Kiyosaki’s main point which is that one must continually educate oneself financially, for life. Not only by reading books and going to courses but networking with people who are doing what you are doing and have achieved what you want to achieve. Then the Napoleon Hill “conceive, believe, achieve” mechanism kicks in.
I would be very happy if I was so financially free that I could go to any course I wanted in any country, because I would learn at least 1 thing from each of them, and could put it into practice and improve on my investing year after year.

I would also meet and network with lots of other like-minded people, and sure 97% of them will never take any action and never do anything but I will, and that’s the important thing. I have already met, and communicate daily with, lots of like-minded people and my learning has increased exponentially, far more than if I read 100 books (although I read constantly also).

And yes, paying out the $$ for a course last year motivated me to take action, find out more, and go out and acquire IP’s and one of the main driving forces was I promised my partner I would earn the dollars back inside a year and also earn enough to pay for any further books and courses – so the money from our investments pays for them anyway.

I will say there is a plethora of speakers though, and the market seems to have gone crazy with them. They also sometimes seem very similar and you have to spend your dollar wisely.

Cheers

skippygirl [specs]

I pretty much agree with your thoughts, Kay.

I think pressure should be placed on seminar presenters to open their books and show us the hard evidence they are successful with their investments – not give us some glossy blurb in a newspaper ad.

Robert Kiyosaki has done a lot of good. However, I believe he is now carried away with his own success. How much is enough? Book after book essentially saying the same thing over and over again. It is a great message to motivate people – no question of it, but has it required all these new books? The last one, “Success Stories” was a useful addition I think, but some of the others don’t really add much to his first book. But boy is he getting richer and richer!

These seminar presenters are not Gods. Many books can do the same thing as long as you get the motivation to do something. And it is much cheaper. Also you can never really replace trial and error as a means of learning.

It’s fine to be positive and pumped up to be a successful investor. But after the hype fades, it is only your dedication that will see you through. Remember, there are no guarantees in investing. It’s not like a Mon to Fri job where you collect regular pay.