Question from a Wealth Club member:
How do you identify helpful [wealth] information vs. snake oil?
Answer: This one is tough, but there's hope!
First, trust your intuition.
Remember, you don't HAVE to buy whatever it is they're selling; as much as they may try to convince you that you do.
However, another reason why this is tough is because people that actually know how to invest successfully usually (a) worked very hard to get there, (b) are money-motivated, and (c) busy people.
So with that being said, it's very unlikely that they'll teach everything they know for free.
At the same time, you have people who have never made a dime as investors, but they've made millions selling information.
One way you can counteract that is by asking around.
This has a caveat too of course, because most people buy the programs and never do the work; then if you ask them if it was good or not; they bash it.
Also, keep in mind that building wealth like anything else is a skill, and you're only going to get better at it by developing it.
This includes education and most importantly application.
Perhaps the only surefire way to guarantee that you don't ever get ripped-off by Snake Oil gurus is just trying stuff on your own, and starting small.
This can make things much harder for you, but at least you don't get "took" if that's your #1 concern.
J. Patrick Nichols