Tuesday, January 27, 2009

Will This Really Help You Make Money?

This started off as another “honey do” from my wife who wanted us to attend the Atlanta Millionaire’s Summit. First thing I did was call the number listed on their website and got a weird message stating something to the effect that “the number could not be accessed now, please call back.” Next thing I did was scrutinize the web site a bit more. It seemed to me that the material they were “teaching” is available for free at any public library. I also took pause that they made it seem like anyone could be a millionaire. Another problem I had was there were no real specifics on what I would learn for $75.00…A Choo! I mean $50.00 (they had cut the price in half). Needless to say, we didn’t go.

I must admit, I’m always skeptical when someone charges me a fee to tell me how rich their “secrets” will make me. Now, I’m not saying this event isn’t what it was billed to be, but before attending this or any other like it I would keep the following in mind:

1. Get your personal finances in order—first. That means no debt, money saved for a rainy day, and expendable cash (money you don’t mind loosing)—most businesses fail within the first three years. Generally speaking, you need enough money to feed you business and your family during that time.

2. Don’t do it for the money. Marsha Sinetar says, “do what you love and the money will follow.” True, if you like something it won’t seem like work and you’ll do it more often.

3. Realize that not everyone is meant to be a millionaire.

4. Beware of multi-level marketing, “get rich quick” schemes, or “new” and “novel” approaches to making money. They’re out there, but always ask; if they’re making money, why would they tell me?

5. Understand that this summit and others like it are sales events. Their main purpose is to get you to buy something, if nothing more than the ticket. If they impart useful information in the process, you’ve come out ahead.

6. Before attending this or any other sales event, put a limit on how much you will spend—no matter how good whatever it is sounds.

7. Be leery if you’re asked to make a commitment on the spot or before leaving the event.

Well, those are just my thoughts. Having said this, did any of you attend this event or another like it? If so, please tell me what you thought.