I recently had a very interesting conversation with someone and it has altered my view on gurus in one aspect.
Don't get too shocked I still believe it is a total waste of money for 99.9% of all real estate investors out there and for 100% of anyone just starting out.
So, what altered my perception?
The conversation I had was with a commercial developer. He said he easily spends $20K each and every year on guru materials, seminars and even the occasional bootcamp. He said he does it knowing full well that most of them will not give him any new knowledge he can put to use. He pays cash for them and sees them as a luxury item. Some people collect cars, he collects guru material apparently.
But, he did say something interesting. He said over the 15 years he has been doing this he has been able to network, and see materials presented in different ways. He claims he can directly attribute at least $4M in sales over those 15 years to him attending these things.
I am dubious about it but he believes it. He is not going into debt for the courses and seems sane. So, who am I to argue with that?
For me, I still don't hold gurus in very high regard because of the people they target. But, I guess for some, whether it is motivation, the ability to connect with others or process information from different sources in different ways they receive value.
But for 99.9% of those out there buying the guru products, you'd be better off buying lottery tickets with the money instead.
In fact, I bet if anyone really studied the data we'd learn the state operated lotteries have created more millionaires per year than all of the gurus, coaches and others preying on the hopeful broke combined.
