Is Secrets Of The Wealthy a Scam? Is it a pyramid scheme?
I came across this so-called business opportunity from an email sent to me of a “must-see” business opportunity.
What I also discovered is that “Secrets of the Wealthy” and another program called “Leveraged Breakthrough” are basically the same “program” with a different name.
Is Secrets of the Wealthy A Scam – Don’t Believe the Hype
Secrets Of The Wealthy is brought to you by Coach Marc and Coach Orlando.
“Coach Marc” and “Coach Orlando” claim to be “million-dollar earners.”
Coach Marc claims you can generate $3,000 – $10,000 or more weekly by following his system.
With his “top secret wealth formula”, Coach Marc will help you bank up to $15,750 for every sale his team makes for you.
That’s right – you can earn money and let Coach Marc’s team of professionals do all the work for you.
Supposedly, within days, this secret formula will have you prospering.
However, let me ask you this:
If these “coaches” were legit, why hide their real name?
Do we even know if these are the real owners of Secrets Of The Wealthy?
On their website, they discuss how they can help you get commissions from $1500 to $10,500.
The program uses a so-called “top secret wealth system” – a no sweat system that can work out everything for you.
Then, I realized it’s the same “get rich fast” claim on a website I’ve visited before in the Leveraged Breakthrough System!
Some information may have changed such as the website name and domain and what the “system” is called – but it’s that same scam all over again.
I will present to you what the entire get rich system is all about.
You will find out how it operates and why it’s a scam, at least in my perspective.
Secrets of the Wealthy – It’s Not What You Think It Is
An online money-making approach, Secrets of the Wealthy lure people through a series of webinars.
These webinars cost between $3,000 and $21,000 (excluding admin fees).
Joining it entitles you some digital e-books and information products that promise to help you get rich.
You make money by recruiting others to join Secrets Of The Wealthy.
Like a pyramid scheme, joining early at the higher level would make you more money – for as much as $1500 to $10,500 in commissions.
Lastly, once you’ve joined they want you to call the “24/7 Success Coach hotline” to ramp up your business.
Depending on your coach, you will be “guided” on how to run your business so you can make as much money as possible.
Your coach is actually just a fast-talking salesperson – not an actual “success coach”.
What this “coach” is going to do is try to convince you to purchase at the top-tier membership, which is around $21,847.
Whatever membership level you purchase, the so-called “owners” of this platform will make money from you. You won’t see a dime!
Who’s Running The Show?
The truth is, the one who runs the show is anonymous!
No info on their website, even their domain is registered without a name.
All the important information you can usually see is kept hidden.
However, these pages do not exist on their website, which makes me more skeptical.
What is obvious is that there are templates for this – there are different versions for these sites, represented by a success coach.
Here, it’s Matt and Orlando. There are other sites ran by other generic names.
Truth is, they are not genuine business coaches – they joined the scheme once and they want you to do the same, too. That is how they get their profits.
How Secrets Of The Wealthy Operates
As I mentioned earlier, the money-making set-up is so similar to a pyramid scheme.
You need to pay to get in so you can ask more people to join and profit from them.
In one go, here’s how the system works
- You purchase at a given level, usually ranging from $3,000 to $21,000
- You joined to have the right to recruit and buy into the system.
- They recruit others and you make money from the people who sign up under you
Basically, it’s just one huge recruitment pyramid scheme, to make money off your down lines, or people who you recruit.
As a member, you certainly get so-called products for your money, which is supposed to make it legit.
However, you could get the same generic positive thinking and personal motivation information for FREE by doing a Google search.
You can also get the same information for free off of YouTube.
Interestingly, the prices go up the higher the level you join.
These are the membership levels you can join at:
- Gold Level: $3,000 (plus a $247 admin fee).
- Platinum Level: $7,000 (plus a $447 admin fee).
- Diamond Level: $14,000 (plus a $647 admin fee).
- Ultra Royal Level: $21,000 (plus a $847 admin fee).
Of course, your so-called “coach” will try to convince you to purchase the top tier membership.
They will reason that if you purchase the top-tier membership, you will be eligible for commissions on ALL levels, not just one or a few.
Of course, 50% commission, regardless of the level, seems to be a lucrative offer, however, it’s an offer designed to get you to part with your hard-earned money.
Upon Further Review
When you look at the way this business is structured, it is similar to My Own Business Education, otherwise known as M.O.B.E.
M.O.B.E. was shut down by the Federal Trade Comissionin June 2018.
What caused the ire of the F.T.C. was that fact that you get into the system by buying its products then recruit others by selling the same product to them as well.
There were no retail products someone outside of M.O.B.E. could purchase unless they themselves joined the business.
That, my friend, is what the F.T.C. calls a Pyramid Scheme!
It’s the same with Secrets of the Wealthy: there are no retail products available to the public to purchase.
The so-called “product packages” are only for people you recruit into the scheme.
How does someone who joins this scheme get paid?
Your commission will come from 50% of the product package you have sold.
For example, let’s say you convinced someone to purchase the Ultra Royal package level at a cost of $21,847.
Your commission would be 50% which will give you a profit of $10,923.
Please don’t bother talking about the so-called “team of success coaches” that are supposed to be available to you to help you make sales.
It is totally a bunch of CRAP!
The ONLY ONE who will be doing the hard work is YOU!
The bottom line is this: if you think you can just invest and dump some money to a shady system and have money magically showing up in your bank account, you are absolutely delusional.
That’s not the way it works. It’s NEVER worked that way and never will!
Secrets of the Wealthy is similar to other scam websites I’ve reviewed on this blog such as:
Don’t Believe The Hype
Here again, is another business opportunity that’s all hype and very little substance.
The manner in which Secrets Of The Wealthy is promoted gives the impression you can earn money with minimal effort and other people will do the work for you.
Supposedly, all you have to do after you pay their ridiculous fee to join is to just “plug into their system and start making money.”
Whenever I see some fake online guru talk about “all you have to do to make money is plug-in to my system” I know its a flat out SCAM.
The above reason is why so many people fall for these shady business opportunities and pyramid schemes.
Basically, people are lazy and want the internet to make money appear in their bank accounts like an ATM.
The minute you talk about hard work, sacrifice, and building a business, people lose their minds and run for the hills!
Secrets Of The Wealthy is on life support. It’s just a matter of time before the F.T.C catches up with this “program” and shuts it down.
Therefore, in my opinion Secrets Of The Wealthy is a SCAM and by all means should be avoided.
A Business Building Platform Without Hype
Here is a fact of life, my friends:
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