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Archive for November, 2009

Posted by irfan On November - 28 - 2009ADD COMMENTS

Income-Producing Asset

Here’s the point. Everybody’s heard the term “income-producing asset,” but for most people who call in, they are their only income-producing asset. If they don’t go to work, if their asset doesn’t show up to work, there’s no income. We’re trying to show people at our seminars a way of building up another, different grouping of assets that will produce the income that they need to live on. Isn’t that what it’s all about? Assets producing income, getting a small amount of assets producing a huge amount of income. Because it’s income we need. We live in a monthly billing society, it’s monthly income that we need to pay the bills and to live the lifestyle that we want.

The next one says, “You will learn methods and strategies to obtain security, cash flow, and retirement funds.” We’ve already said that a number of times, but again, that’s true. To obtain security, cash flow, and retirement funds. Let’s move onto the next one. The next one says, “You will learn how to double your money every two and a half to four months.” Wow, what a statement. This is one of the statements that we use in our advertisements, and I’ve got to tell you something about these advertisements. I’ve been criticized for them, but every time I turn around, my students and land my instructors are making that kind of money.

Let me tell you another story. I had a brokerage account at a major New York brokerage firm, one of the two biggies. I’d made 19% one month and 23% another month and they wrote me a letter and said, “We want you to move your account somewhere else.” When I got to the bottom of this, I was doing so well, this is on the whole account, by the way. They said, the bottom line was that they saw my advertisements and they didn’t want to be seen as being in collusion with me and in backing up my strategies. Isn’t that funny? By the way, that stockbroker there just cried over losing the account, and he’s now gone to another firm. Another one of the big firms called me, and we’re opening up the account with him now.

The next one is that, “You will learn how to find, work, and talk with a stockbroker.” That’s what we do, just deal in and deal out, we have the stockbrokers on the phone and that’s so different, actually doing the deals right in class. It is a lot of fun. “Your ability to research the company’s stock and act on that research,” is the next one. That’s true. We show you how to look up information on companies, how to chart them, how to look at them.