Bonus FAQ #5: Is There a Program for Me?
FAQ
I’m a pretty sophisticated investor. Will your programs help me?
Short Answer
Probably not.
Explanation
Our education and coaching programs are for people who want to
learn, not for people who think they know all the answers. In the recent
financial crisis, millions of people lost trillions of dollars following the
advice of people who knew all the answers.
You may recall that the leaders of Enron were often referred to as “the
smartest guys in the room.” Today, Enron is gone and the employees of
and investors in Enron are also gone.
Remember Lehman Brothers? Lehman was run by really smart men and
women, many from our best schools. Today, they’re gone, too.
Merrill Lynch, the stock-brokerage house advising millions of clients, was
on the verge of going bust before they were saved by Bank of America.
And what about all the financial gurus on TV? They’re really smart
people. Why didn’t they tell the world to get out of the stock market?
Why are they still giving financial advice today?
Then there’s Ben Bernanke. How can the Federal Reserve Bank
Chairman say (on June 9, 2010), “I don’t fully understand movements
in the gold price?” If he controls the most powerful bank in the world,
isn’t he supposed to be one of the smartest people in the world?
Even if you made millions between 2007 and 2010, you can still
learn more.
The period between 2007 and 2010 were the best years of my
investing career. I made millions, and I know I can still learn more.
Years ago, when I was nearly $1 million in debt, Kim and I created a
program we used to get out of bad debt. We needed to get out of bad
debt—so that we could get into good debt. We explain more about
our story and strategy in the How We Got Out of Bad Debt program.
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