Dave Ramseys Financial Coach Master Training

[DHK]

I don't know. Last I heard, he was working on some kind of reality show with helping different couples with budgeting, etc., and whoever would do the best would win $100,000 or something. This was about 5 years ago or so, and Rodney was going to leverage that show into a lead generating tool for advisors across the country who were part of his network. Ambitious, but I didn't see anything more of it and his website links are down.

 

[Rearden]

Tiny little ads . . .

https://news.avclub.com/don-lapre-king-of-the-infomercials-commits-suicide-1798227713

Self-proclaimed “King Of The Infomercials” Don Lapre reportedly committed suicide yesterday morning in his Arizona jail cell, just a few days before he was due to stand trial for 41 counts of conspiracy, mail fraud, wire fraud, and promotional money laundering. Lapre stood accused of swindling around 220,000 customers out of some $52 million with his most recent pitch dubbed “The Greatest Vitamin In The World,” which the FDA argued did not provide the benefits Lapre promised. Lapre was 47.

 

[somarco]

That (suicide) was 7 yrs ago. I don't recall his other ventures. Just the "tiny classified ads".

 

[Cornelius]

So are his advisors under a noncompete? If they leave his fold who has access to former clients.

 

[pfg1]

So are his advisors under a noncompete? If they leave his fold who has access to former clients.

No. He has a network of endorsed advisors, insurance agents, tax folks, etc. None work FOR him, they pay a fee to be associated with him and endorsed by him. DR doesn't have financial clients. His clients are the endorsed providers and the millions of folks that buy his teaching and training tools. He's actually a genius at how he's set up his marketing machine.

 

[toolbelt]

No. He has a network of endorsed advisors, insurance agents, tax folks, etc. None work FOR him, they pay a fee to be associated with him and endorsed by him. DR doesn't have financial clients. His clients are the endorsed providers and the millions of folks that buy his teaching and training tools. He's actually a genius at how he's set up his marketing machine.

During the gold rush days, the people making real money were those who sold shovels and pick axes. It was in their best interest to sell the dream of finding "gold in them hills", even though they weren't in the gold industry, but hardware industry.

 

[Cornelius]

So he can sign up financial coaches and then have them refer their students to his advisors?

 

[Cornelius]

On another note he can train the people and then lose them to recruiters..

 

[toolbelt]

On another note he can train the people and then lose them to recruiters..

Doesn't matter, because in training them, they have already purchased his shovels and pick axes. In that sense, he welcomes the turnover. A fresh set of miners is always welcome.

 

[DHK]

I doubt anyone on this thread hasn't wasted money on something or other that actually did help them make new decisions and directions.

Just chalk it all up to tuition for the school of hard knocks.