“Why is it… some people buy 20 properties a year and others only buy 1?”
There’s an ad in the ‘entertainment’ section of Wellington freebie the Capital Times this week: “How to profit from property!” It’s advertising an upcoming seminar and, cod-socialist that I am, every word in the advertisement makes my hackles rise.
“NZs Largest Propety Success Program to Property Climbers!”
“Learn the secrets ONLY 6% of investors know that gives them success where many others fail!”
“You will never win the race of wealth riding on a donkey!”
The seminar is from a “Richmastery“, a property investment services company based out of Auckland. Their website promises a long and costly process of induction into their secret techniques, culminating in the slightly spooky inner circle:
STEP 8. Presidential Inner Circle
The Presidential Inner Circle is a unique and exclusive opportunity that is strictly limited to fifty serious members worldwide who will experience a range of privileges, access and discovery that is unattainable outside of this selected private group. This group is about Fun, Discovery, Learning and Access at the Highest levels.
They even have their own website: http://www.presidentialinnercircle.com/. There are some great photos of last weekend’s “Ferrari and Porsche day”.
Anyway. I don’t have any grand purpose here other than saying “Look at that!” and pointing. If it reminds you of Amway or Landmark or even Scientology, that’s no mistake, this is just another iteration of the same tried and tested techniques for sucking people in. And I surely don’t have to remind anyone in NZ of the havoc wreaked socially by the rise in investment property.
“Imagine how much faster your personal wealth accumulation could be with this information!”
Bah, humbug. I’m going to catch the bus to work now.