Is Secrets of the Wealthy A Scam?

Is Secrets of the Wealthy A Scam?

Is Secrets Of The Wealthy a Scam? I came across this so-called business opportunity by accident.

I also discovered is that “Secrets of the Wealthy” and another program called “Leveraged Breakthrough” are basically the same “program” with a different name.

Secrets Of The Wealthy is brought to you by Coach Matt and Coach Orlando.

“Coach Matt” and “Coach Orlando” claim to be “million-dollar earners.”

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: What is It?

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 an “excellent salesperson” – not an actual “success coach”.

What this “coach”  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 get make money from you.

Who’s The Master?

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.

Legit sites usually have terms or private policy pages or disclosure page where you can get info on their organization or their entity.

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 profit from their down lines

Basically, it’s just one huge recruitment scheme, to make money off your down lines.

As a member, you certainly get products for your money, which is supposed to make it legit.

However, you could get the same information for FREE by doing a Google search.

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).

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, as long as you bought the level yourself, is certainly a lucrative offer.

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.

If you recall, 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!

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!

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.

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 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

My simple recommendation to you is to try Wealthy Affiliates’ FREE membership to try out the platform yourself.

You don’t need to give your credit or debit card information to do so.

Isn’t that refreshing!

If you REALLY want to build a legitimate affiliate marketing business that will last for years, then Wealthy Affiliate is for YOU.

No lies. No hype. Just results.

Talk Soon,

Howard

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