pro and cons of doing the henry kaye seminar

Question for Stuart Davidson... ?

Reply: 5.1.1.1.2
From: Ross Sondergeld


Hi Stuart Davison,


Stuart said, "WOW - U either love Henry Kaye or hate him. One thing is for
sure he has everyone talking... As you all know I've signed up from my
earlier post. My mentors who will be working with me hand in hand over the
next 12 months already have purchased around $2Million of property and have
created a significant amount of equity in the transactions due to their use
of Henrys high leverage low risk strategies in less that 6 months using only
a few 000's of their own. Only a few months ago I would have thought this to
be impossible but that was because I didn't have the knowledge or
understanding of what is possible."


Stuart, I've got a question for you...

Whom do your mentors represent? Do they work for you or the seller?

Have you employed them via a written employment agreement?


Simple question, but I'd like your reply.



Ross on the Gold Coast


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Reply: 6.1
From: Sergey Golovin


I am glad that gambling is not compulsory yet in great country of us .

Regardless if it is compulsory or not, think of adrenalin rush, excitement, when you do go to the course. That dream ...is just step away. And you almost can see it and smell it…

I personally think that anyone who wants to do it should do it.

Only problem is - they asking a question about seminars and we have to answer it or at least try too, I think.

I guess it is very personal experience. People who finished universities they usually relay on them selves and they mental abilities more then others. And the once who did not - they do relay on someone else’s advise (regardless where it is coming from and how much it is cost).
It is just a fact of life and not a lot we can do about it. I think we have to help them to find the right way to achieve the goal but they have to do it them selves. We can not take their hand and walk them through the jungles. We can answer their question but this is as far as it goes.

Well, I do not know.

Serge G.
 
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Re: Henry Kaye - the post MLM wave

Reply: 1.1.1.1.1
From: Terry Avery


In my opinion what is there to investigate? Sure ACA may make HK and others
like him look bad, that's what gets ratings, but what substance can they
find fault with? If people enter knowingly into a contract for provision of
a service, in this case training, and HK provides that training, then he has
fulfilled his contract. Anyone who finds they cannot succeed cannot then
blame HK because there are many factors involved in becoming successful and
one of them is understanding fully what you are doing and the risks
involved.

I would imagine the contract you sign would give HK many outs for failure on
the part of the individual. For example if the bank won't lend them money
because they have none (spent it on a seminar didn't they?) or they have too
much debt (repayments on the Visa for the next three years to pay for a
seminar) then how is HK to blame?

I would be curious as to what will happen if people are paying for the
seminar using their credit cards in easy monthly installments. At 18%
interest that has gotta hurt especially if they don't pay off the credit
card balance every month. Does anyone out there realise that if you max out
a credit card at say $4,500 and only pay the minimum payment per month, of
about 1.5% per month and don't add any more to their card it will take 44
years and one month to pay back? The amount repaid will be about $17,000.
Now imagine putting a $20,000 seminar on the card. What will be the cost in
the long term? How much do you have to make to recover the cost of the
seminar plus interest? Not to mention the opportunity cost. You need to
obtain a return at least equal to the interest rate on the credit card just
to break even, the catch is you don't have the 20 grand to invest anymore.

Are seminars worth it? I have attended various seminars for work related
purposes before and I have come away thinking they are nice little earner
for the presenter and did not offer full value for money, in other words
they were overpriced. However the information they provided was proprietary
information not attainable from elsewhere so my employer had little choice.
Are Peter Spann or HK offering proprietary information not available through
extensive reading or study, I doubt it. They do however offer information of
their methods packaged into a time frame at a cost that the market will
bear. For me the cost benefit analysis does not add up but for others it may
well do so and I wish them good luck. But if 500 or 1,000 people attend
these seminars and there is one run a month somewhere in Australia then we
are looking at 6,000 - 12,000 graduates all competing for real estate deals,
getting their discounts and so on. They must be sending the developers broke
or there is going to be a flood of seriously rich people with portfolios of
$2m, $10m or $50m in property over the next few years.

Will the authorities investigate? I doubt it as there is little to
investigate. HK is offering his services and people are prepared to pay his
asking price. Now if there were performance guarantees that would make it
more interesting.

Cheers

Terry
 
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Reply: 1.1.1.2
From: Terry Avery


How much does anything cost? Whatever the market will bear. John T. Reed in
his book on increasing returns on real estate explains that he keeps
increasing the rent until the market won't pay anymore then he comes back a
little to what the market will bear. It seems these seminars operate on a
similar principle, keep increasing it until people wake up and question the
value they are getting. Apparently they haven't reached that limit yet.

Cheers

Terry
 
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Re: Henry Kaye - the post MLM wave

Reply: 1.1.1.1.1.1
From: Sim' Hampel


I was being cynical about the ACA and such... if someone screams loud enough... they will always find a story.

If lots of people scream, regardless of whether Kaye did anythig wrong, the authorities may be forced to investigate.

sim.gif
 
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Henry Kaye - the post MLM wave

Reply: 1.1.1.1.2
From: Rolf Latham


Hi Sim

Investment Source is in my opinion not post MLM, rather another embodiement of MLM, at least thats what I have heard and experienced lately.

Ta

Rolf
 
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Reply: 6.2
From: Rolf Latham


Hiya Yuch

Fair Comment isnt it. 97 % of people fail financially at MLM, 75 % of people that join gyms dont use them beynd 3 months, 98 % of people that start a uni degree dont get honours, 40 % of marriages fail.

Value for money can only be decided by the perception and subsequent use of the buyer.

Ta

Rolf
 
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Reply: 6.3
From: Apprentice Millionaire


Hi Yuch,

>In my opinion, it's not how much you have spent on these courses but what you have done
>with them! If you attended the course but did nothing with it and hence not able to produce
>results, then whoes fault is it? YOURS! It's all about getting into the market and make things happen!!

Hear! Hear! It is so much a characteristic of the average person out there to avoid responsability and put the blame on everyone else. I was always taught: you get out of life what you put in it. It is the sow and reap principle.

Well said, Yuch!

Cheers
Apprentice Millionaire
(aka Jacques)
 
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Reply: 6.3.1
From: Felicity W.


Someone asked the question about paying for the course...
I know when I looked at it (it was only about $4000 then!) there was some fine print on the back of the monthly payment scheme, which basically meant that you signed over the right for them to sell your house and recoup payment if you defaulted on your monthly payments.
When I queried this, the reply was "but you're going to pay, so why worry?"
I didn't do the course...
Keep smiling
Felicity :cool:
 
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