Wealthability & ProVision - buyer's remorse & need advice

[Account Closed]

Recently, I had an initial call with Wealthability (Tom Wheelwright's new company, closely tied to ProVision). After the initial call, I was presented with an option to purchase lifetime access to their My Tax-Free Wealth Roadmap for a discounted cost of $1,797. This is completely self-study with two "live" group calls with Tom every month.

After paying for this, I immediately experienced buyer's remorse. Big expenses trigger this feeling (However, that's a different topic). Anyway, I'm wondering if maybe I should attempt to get a refund.

I've briefly looked over the materials, although haven't yet gone through any of the modules.

I like to think I got a good head on my shoulders (who doesn't think that about themselves?), however, I know more due diligence should have been done. The more I think about it, I could get this information from books (Tax-Free Wealth from Tom Wheelwright and The Book on Tax Strategies for the Savvy Real Estate Investor by Amanda Han and Matt MacFarland) and talking to accountants.

By not asking for advice on this first, I feel embarrassed. Even making a public post about this makes my stomach hurt. I'm asking for advice on whether it makes sense to just use the material (since it's lifetime access), or go about requesting a refund (the website is not explicit on their policy and would have to reach out to them).

Appreciate any advice.

[Brandon Hall]

@Account Closed I haven't taken the course or paid for their services but we have current clients who have in the past. I can't comment on the content, but if you don't feel good about the purchase, then request a refund and buy Amanda's book. Or just read blogs. There's so much free and useful information out there that you can find if you don't mind spending time doing some digging. 

The problem with these types of products is that they are not TAILORED to you. When building a tax or wealth plan, you absolutely need it to be tailored to you.

I can tell you all about being a real estate professional for tax purposes and I can charge you $1,500 to do so. But does it provide any value at all to you? Can you even qualify? You are more knowledgeable, sure, but can you use the knowledge now or in the future?

Additionally, be wary of CPA firms, businesses, attorneys, wealth planners, etc who will take on any client who walks through the front door. Once our firm identified our target client, we turned everyone else away (for tax planning, prep, and accounting), and as a result we focused only on the clients we knew we could consistently add significant value to. It's hard to turn away clients and we didn't do it for a long time, but once we did, our client service significantly increased and our clients are walking away with a lot more value. 

We have considered rolling out group courses such as the one described here, but one question we can't answer is "how will we provide value to everyone in the room?" These group courses are an excellent way for ME to scale MY business and earn more money. It's not necessarily an excellent way for YOU to scale YOUR business and SAVE more money because the content may not apply to you at all. 

It does sound like there is a mastermind element to this. I'm not sure what the live group calls look like but those could be valuable for you depending on how the calls are structured. If it's just a lecture, I wouldn't waste time with it. 

Anyway, point is, if I spent that type of money, I'd want someone looking specifically at my situation and saying "you need to do X by Y date."