This is the part-3 of my review for T. Harv Eker’s “Never Work Again” 4-Day Seminar. Be sure to read parts 1-2 before reading this review.
Day 2 Overview
Here’s an overview of the topics for Day 2. Due to IP reasons, I’ve listed down the subject of the segments but not the actual topic titles.
- Google Adsense*
- Invest in US Stock Markets*
- [ Lunch Break ]
- Tax Liens*
- Forex Trading*
- [ Dinner Break ]
- Real Estate Investment*
- Successful Investing
* These are the sales pitch sessions. They follow this general formula: (1) A 10 minute introduction on why this particular method creates passive income (2) 15 minute brief sharing on how they do it, followed by (3) 15 minute sales pitch for their course/program to learn this skill so you can create passive income for yourself.
Pitching Seminar vs. Content-based
After 2 Days at “Never Work Again”, I now have a clear idea of Eker’s design of NWA program. It’s not a content-based seminar, but a platform that puts sellers (the trainers/speakers with something to pitch) in front of a large pool of audience, who are the potential buyers.
The sellers can be real estate/financial companies who have ready products/investments that need investors or self-made millionaires who achieved success via their own passive income strategies and now build a business training others how to achieve the same success via the same steps. For the latter, the product is usually some coaching/training program on how to earn passive income via the same strategy.
During NWA, the trainer, who is really the seller, uses his alloted segment to share a snippet of his success strategies, which is informative but insufficient for the audience to act on. He then pitches his product/service/coaching program. So essentially NWA is a seminar of pitches and upselling to more seminars/products.
This wasn’t quite what I expected. I was expecting an actual content-based seminar that teaches passive income strategies, not a seminar of pitches and upselling into other programs. I was also looking beyond just tactics the trainers shared, but strategies that the we can integrate and apply in our lives straight away, wherever we are. Unfortunately neither have been met in Days #1-#2. The absolute and sensational nature of the seminar description didn’t help manage expectations either.
Who NWA Is Good For
Of course, NWA has its own value. As I mentioned in my Day 1 Review, the seminar is good for you if you already have a lot of money and want to invest them somewhere (the onus is then up to you to evaluate the feasibility of the deal). It’s good if you would like to develop your know-how and skillsets in specific passive income generation tactics and you are willing to invest in a separate program from people who have the knowledge to learn that. If you don’t have money to do any of that, it still provides some value in that it acts as a platform to shares with you multiple passive income tactics out there and gives you a surface idea of how each works (from internet advertising, to tax liens, to real estate, to stocks).
But if you are looking for actual step-by-step information that will help you generate passive income or information you can use to immediately apply later on (with powerful results), then no, you will not find this in NWA. All of the information shared on the methods are insufficient for you to take action on your own. You pretty much need to sign-up for their respective coaching/training program to master the full set of skills and know-how on how to achieve the same passive income outcome for yourself. How long it takes for you to achieve mastery level varies, but I suspect to become a true level 100 expert in it requires you to invest your due 10,000 hours, just like being a true expert in any other skill.
For all intents and purposes, I believe all the trainers and speakers are legit and have achieved the successes they claim. I also believe they are not here to rip people off but to really provide value and help others achieve passive income. I also believe they have the necessary know-how and skillsets to help people achieve the same results, if not more.
However, I can’t help but feel the whole pitching somewhat misrepresents the route to getting passive income, which is dangerous especially if the audience isn’t discerning. For example, placing Google Adsense in websites does indeed provide you a source of passive income, but before anyone can even dream of earning the same amount of money as A-Listers, you need to have an insane amount of traffic. This only happens if you are providing an insane amount of value on your site, which in turn is the result of putting in lots and lots of hard work. This kind of output doesn’t just happen overnight. It’s built over months and years.
This reminds me of one of my current clients, who signed up for an Internet Marketing course by one of the local training companies a few years back (cost a couple of grand), but did not achieve the results the course claimed. Why? It’s not because he’s not good, but because to achieve those results require real dedication and hard work. He signed up for the course thinking it was an easy, reliable way to earn side income, and it was hardly his fault because that was how the speaker pitched it.
Pursuing Passive Income Is Like Pursuing Any Goal
It’s not supposed to be simple stuff. Creating a new passive income stream needs energy and hard work, the same kind of hard work that’s you need to succeed and be the top in any field. There’s always a dip in any goal – i.e. where you need to put in a disproportionate effort to push through to achieve the goal. Attempting a touch-and-go approach in generating passive income will give you meager-level outputs. You can simply set up a random site and set up adsense code, no problem – which will generate you 5 cents a month if you are lucky.
If you want to earn passive income and you don’t have a specific preference in how you earn your money, it’s worthwhile to explore these passive income streams shared in NWA, pick the ones you have more interest in and spend time to build these structures in your life.
If you already know what you love to do though, which is my case, I highly recommend you spend time to build the passive income streams around what you are doing. I.e. if you love baking and cooking, create a business on that with multiple passive income streams. Make passive income streams part of your passion, not a separate entity. Creation of any new structure requires work, very hard work, and time is a limited commodity to spend on things you don’t love. It’ll be dang well ironic to intentionally dedicate precious time to build passive income streams in areas you are not interested in when the very purpose of passive income streams is to live a life of freedom and happiness. Doing what you love is part of the freedom.
Day 3 and Day 4
I’m still waiting to see if they will be covering any real passive-income principles and strategies vs. tactics, especially for businesses. Let’s see how it goes.
As I’m running my own workshop tomorrow (“7 Habits of Straight A Students” – I’ll be training a group of students), I’ll be not be around for the morning and afternoon sessions. I’ll connect with Tatt and O to check what I missed out on. I’m looking forward to my workshop later – it’ll be fun to coach students for a change since most of my workshop participants and clients are the adults
Continue on to Never Work Again Seminar – Days 3 & 4 Review and Conclusion.
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