Get Rich Quick Gurus: The Truth.

Getting Rich Quick

The speaker shares their personal experience of losing money on a holiday and then searching for ways to make money online. They fell into the trap of get-rich-quick schemes and encountered online gurus who sold them the dream of passive income and being their own boss.

Falling into the Trap

• After losing most of their savings, the speaker searched for ways to make money online.

• They encountered online gurus who presented concepts like passive income and being your own boss as a way to get rich quick.

• The idea of a nine-to-five job felt like admitting failure in life, so they fell into the rabbit hole of desperation.

Get-Rich-Quick Schemes

• The speaker realized they had fallen into the realm of get-rich-quick schemes.

• Anyone can fall down this rabbit hole, no matter how educated or self-aware they are.

• Pyramid schemes are presented as opportunities that might get you out of trouble but are really manipulative.

Snake Oil Salesmen

• The term "snake oil salesman" refers to someone who is dishonest and sells fake medicines or cures.

• Clark Stanley traveled around America selling rattlesnake oil through medicine shows, claiming it could cure all sorts of ailments known to man. However, it was found to have no snake oil in it at all when examined in 1916.

• Infomercials became huge in the 1980s and 90s, promoting legitimate products but also attracting questionable products and marketing tactics.

Conclusion

• The scam isn't an online course but the salesman's marketing around it.

• The speaker wonders why they and others fall for get-rich-quick schemes and decides to take a look at some of the snake oil salesmen of the not-so-distant past.

The King of Infomercials

In this section, the speaker talks about how he generated over $50,000 a week by placing tiny classified ads in newspapers around the country. He promises that anyone can do it and has a system to help.

Lapree's Promises

• Lapree promises four essential things: getting rich, happening quickly, anyone can do it, and having a system to help.

• Most people buying these programs wouldn't have been able to generate the sort of money that Lapree was promising because making a profit from classified ads was not as easy as he made them out to be.

• Lapree was making money from selling the programs on infomercials, not through tiny classified ads.

Making Money with Classified Ads

In this section, the speaker talks about how most people buying Lapree's programs wouldn't have been able to generate the sort of money that he promised because making a profit from classified ads was not as easy as he made them out to be.

Reality vs. Marketing

• Making a profit from classified ads was not as easy as Lapree made them out to be.

• The way in which these programs are marketed is completely polar opposite to the realities of what they're trying to sell.

• Get-rich-quick schemes promise the same things over and over again: a step-by-step system.

Internet Gurus

In this section, the speaker talks about how internet gurus use standard marketing techniques like social proof and testimonials to influence their audience into thinking that their program is great.

Standard Marketing Techniques

• Internet gurus use standard marketing techniques like social proof and testimonials.

• Social proof is created by using ordinary citizens or figures of authority as testimonials for how great the program is.

• Testimonials often include a backstory on how they were once poor and became rich, making sure that it relates as much as possible to their target audience.

Vulnerability

In this section, the speaker talks about how his vulnerability led him into the world of get-rich-quick schemes and how he thought he was clever for taking the red pill while others couldn't see what he saw in the gurus that he followed.

Get-Rich-Quick Schemes

• Infomercials and the gurus are only the tip of the iceberg when it comes to get-rich-quick schemes.

• The schemes are centered around teaching someone how to get rich quick, but unfortunately, they rarely work.

• The speaker's vulnerability led him into this world.

NordVPN Sponsorship

The speaker promotes NordVPN, a risk-free VPN service that offers a 30-day money-back guarantee. They are affordable and offer a huge discount on their two-year plan with an additional gift of four free months.

• NordVPN is promoted as a risk-free VPN service.

• The service offers a 30-day money-back guarantee.

• NordVPN is extremely affordable.

• A huge discount is offered on their two-year plan with an additional gift of four free months.

Vemma's Pyramid Scheme

The speaker discusses Vemma, a multi-level marketing company that used distributors to sell their products. Vemma was marketed as an alternative to energy drinks but was nothing more than a front for something much darker.

• Verve, marketed as a healthy alternative to energy drinks, was created by the company known as Vemma.

• Vemma used distributors to sell their products and recruited other distributors who could earn commissions from anything the distributors below them made.

• Vemma was a pyramid scheme that relied on recruitment over-promising results and building a sense of community around the scheme.

• Almost 90% of recruits in Vemma were making less than $4,000 per year.

Cult-like Behavior in MLM Companies

The speaker discusses how MLM companies operate in a cult-like fashion to keep recruits inside the company.

• Vemma operated in a cult-like fashion to keep recruits inside the company.

• MLM companies rely on building a sense of community around the scheme, making it harder for people to escape.

• There are social repercussions for not remaining in the scheme, and fear of missing out is enough to pull people in.

Blaming Yourself and Creating a Community

The first step in falling for a get-rich-quick scheme is blaming yourself, while the second is creating a community that distances itself from outside opinions.

Blaming Yourself

• Get-rich-quick schemes often make you feel like you're doing something wrong, even if you're not.

• Vemma promoted the pseudo-scientific belief of the law of attraction, which made people think that if they weren't successful, it was their fault.

• Getting rich quick is technically possible, but it's not easy. If someone promises an easy way to get rich, it's likely a red flag.

Creating a Community

• Get-rich-quick schemes create communities that distance themselves from outside opinions and criticisms.

• Cults are effective at brainwashing because they control the information members receive and discredit outside opinions as haters or dream stealers.

Recognizing Red Flags

It can be difficult to distinguish between legitimate products and get-rich-quick schemes. Recognizing common marketing techniques can help identify red flags.

Distinguishing Good from Bad

• Look at the expectations presented in the packaging. Do they seem realistic?

• Research the person or company behind the product. Are there any red flags or poor reviews?

Common Marketing Techniques

• Be aware of social proof, scarcity tactics, and disingenuous marketing.

• Recognizing these techniques takes you out of an easily influenced state and brings awareness to the fact that you're being sold to.

Taking Responsibility

The final lesson in avoiding get-rich-quick schemes is taking responsibility for your own success and not relying on easy solutions.

Getting Rich Quick

• Winning the lottery is based on luck, but getting rich quick through a product or service is far from easy.

• Stop buying into the dream and start doing something that doesn't involve sitting around fantasizing about passive income or a laptop lifestyle.

Conclusion

• Recognizing the patterns in get-rich-quick schemes was the first step in stopping myself from falling for them.

link for supporting the channel Supporting the Channel

In this section, the speaker provides a link for viewers to support the channel and expresses gratitude towards those who do so.

Best Way to Support the Channel

• The best way to support the channel is by using the link provided in the video description.

• Viewers who choose to support the channel are greatly appreciated by the speaker.

Too Many Times Has Come to Pass Too Many Times Has Come to Pass

This section contains a brief statement from the speaker.

Statement

• The speaker makes a statement that "too many times has come to pass."