Friday, September 29, 2006

Nouveau Riche University

So I saw a sign the other day with the following text;

"Looking for Real Estate Apprentice! - Call ###-###-####"

With my curiosity peaked, I gave them a call and left my number. The guy called me back yesterday, told me how wonderful the program had been for he and his wife, threw out some big numbers relating to the cash flow they had going and the multi-million dollar projects they were working on.

"Wow", I thought. Seems like this was a decent opportunity. So I asked him to get straight to the point and tell me what it cost. He said he would rather setup a time to meet with me in person and go over the details (salesmen know they have a better chance to sell you if they have you in person). I told him I was not going to even think about meeting in person until I knew what it was going to cost me.

He then proceeded to tell me; the cheapest course they had was $6,000 for 5 'full' days of trying. He could tell I was taken back by the large number, and insisted these were 5 FULL days of classes, not just a couple hours a day.

So, wondering what a person with such a large positive cash flow and multi-million dollar projects in the works was doing trying to get people to part with $6,000 for 40 hours worth of training, I asked him why he was doing it.

He said because they earn a percentage of what I spend, "like a second stream of positive cash flow, like rental properties, you know?".

Whatever. I have done two small single family home retail projects. It takes quite a bit of time to make sure things are running smoothly and staying on track. If I had a multi-million dollar project in progress (or several, according to this guy), I WOULD NOT be wasting my time (nor do I think I would have the time) trying to sell people 5 days of training for $6,000 (that was the cheapest option BTW).

I don't have a problem with Nouveau Riche University. I DO have a problem with somebody making false claims about their income level to try and get me to part with my cash.

Also, isn't an Apprentice supposed to get paid? At the very least, an apprentice is supposed to work for his master for free so he can learn the trade. I just spent a few minutes browsing the web in search for a description of a person that had to pay big money to become an apprentice. Nada.

False advertising is sleazy, and I believe it is illegal too.

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