This is the final part of my review for T. Harv Eker’s “Never Work Again” 4-Day Seminar. Be sure to read parts 1-3 before reading this final review.
Marcus, one of the 2 hosts and one of my favorite speakers. Sorry for the low res pic as it’s taken with my phone.
As I mentioned in Day 2 update, I was running my own workshop on 7 Habits of Straight A Students on NWA Day 3, so I didn’t attend NWA morning and afternoon sessions. After my workshop, I planned to attend the remainder of NWA for Day 3, only to see Tatt’s sms that O and him have left the seminar as it was the same formula used in Day 1 / Day 2. Every new speaker was there to talk about his method of earning passive income, followed by sales pitch for his program/course to learn the skill. The topics were also not relevant. Hence, I went back home as well to take a rest.
Separately, my workshop went well – I was training school students on the habits to get top results, and some parents even came to accompany their kids!! Talk about real dedication! Check out the pictures: 7 Habits of Straight A Students Workshop Pictures. I’ll be continuing part-2 next Sat on Plan Your Way To A-Stars. Most of the same participants will be back and with new attendees too, so I’m looking forward
Here’s a run-down of Day 3 & 4 agenda. Due to IP reasons, I’ve listed down the subject of the segments but not the actual topic titles.
Day 3 Agenda
- Successful Investing*
- iPhone/iPad Mobile Applications*
- Payday lending*
- Better Trades System*
- Speaker Panels Discussion - Q&A session between all the speakers and the audience members.
Day 4 Agenda
- Lifestyle Trading*
- Membership Sites
- Pre-Development Land Investing. Tatt, O and me left NWA mid-way through this segment.
- T. Harv Eker NWA Concluding Video
* 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.
After 4 days, I give NWA an overall rating of 1/10. And here’s why:
1) Did not meet the workshop objectives
If we look back to the list of deliverables promised in the workshop description, pretty much none of them are met. Let’s review the description in its Promotional Brochure (text in blue are my comments):
- A) Proven strategies and investment techniques to develop and increase passive income. Not really. We are made aware of the methods people use to earn passive income and the basic steps they do so, but we do not learn the actual full set of strategies or techniques on how we can achieve the same outcome for ourselves within NWA. We have to sign up for additional courses/programs in order to learn that (cost between SGD $1 grand to $5 grand, usually on the higher side).
- B) Practical earning strategies that guarantee you more time and money. No. See A).
- C) How to create businesses that work for you, rather than control you. Absolutely not. See A).
- D) Which businesses are the real cash cows. Not that I know of.
- E) How to earn $20,000 to $100,000 in passive income each and every month for the rest of your life. Definitely not. The segment which had this topic was about Membership Sites (refer to Day 4 agenda) and as I mentioned under Day 4′s agenda, it was just an introductory 101 module on what membership sites are.
- F) A wide variety of high return, low-risk investments normally available only for sophisticated investors. Not that I’m aware of.
- G) How to gather investment contacts and find rare opportunities. No!
- H) And much more!
- I) Plus you’ll leave with your own personal plan. Absolutely not. I did not leave with any personal plan whatsoever. Maybe it was covered as the last segment of Day 4 (which I skipped), but I highly doubt so seeing how Days 1-3 panned out.
#2) Misrepresentation of what was offered
There were 2 levels of misrepresentation in NWA.
a) At the fundamental level, NWA gave the impression that it was going to teach actual passive income strategies we could immediately apply in our lives/work/businesses. According to Tatt, that was how they pitched the NWA during MMI, and that was why he signed up. Based on reading the workshop brochure myself, I got the same impression as well, especially from points #A-#C. However, it turned out to be a pitch fest with barely any real content.
As I mentioned in Day 2 Review, NWA can be useful to people who (A) are open to different methods and tactics to achieve financial freedom (B) are willing to put in real hard work and effort to create their passive income streams via the specific methods/tactics introduced speaker (C) are willing to spend more money to sign up for the respective programs/workshops.
However if you already know what you want to do and you want to learn how to create passive income streams around what you are doing, you will get pretty much nothing from NWA.
b) Overhype on the results one can achieve. I have no doubt the speakers are credible, legit and have achieved the successes for themselves. However, the general impression driven throughout NWA was you could just sign up for the course (Google Adsense, Forex, Trading, Tax Liens, Mobile Apps, etc), spend a few weeks learning the skill, and in no time you would be earning large amounts of passive income. In my Day 2 Review, I wrote in detail on how passive income does not come overnight. I saw some middle-aged aunties who signed up for the Google Adsense course, and they didn’t seem very literate, much less tech savvy. To be honest I felt a little worried as I’m not sure if they knew what they signed up for.
#3) Barely any content
Out of the entire 4 days, the only real content segments were:
- A) How To Write A Best Seller’s Book by Eker (Day 1)
- B) Literary Agent and Book Publishing (Day 1)
- C) Licensing (Day 1)
- D) Successful Investing (end of Day 2, start of Day 3)
- E) Membership Sites (Day 4)
By content, I’m referring to the segments with real value, sharing actionable insights/lessons and not masqueraded as sales pitches. Out of the 5 segments above, only (A) and (D) had concrete value. Eker’s segment on how to write the best seller’s book is the reason why I gave NWA a redeeming score of 1 over 10, else it would have been 0/10. Information covered in (B) and (E) can be easily found by doing a little self-research and reading 1-2 books on the subject. I can’t comment for (C) as I skipped the session.
With a seminar outline as detailed in #1, I would think they should share passive income principles for us to apply right away to our lives. But it was really just specific tactics covered and even then we didn’t get to learn anything about them that we could action upon (without signing up for more programs).
#4) Poor planning
As I mentioned in Day 1 Review, there could be an overall framework that maps out the entire 4-day seminar. But there was none of this. It came across as a random mish-mesh of different people/companies with passive income tactics to share with us.
There was also no agenda at all. None of us knew who the speaker was until he came on. Even when we asked the crew, they had to check, and at times gave the wrong information. Being a multi-speaker seminar hardly serves as a reason for no agenda. Hay House’s I Can Do It! Conference is a multi-speaker event and has its speakers and agenda planned out all till its 2011 events, and it costs nowhere as much as NWA.
#5) Dragged out agenda
There was a lot of energizer sessions (i.e. sessions where we are asked to get excited, dance around, shout, meditate, read declarations, and so on and so forth). There was one every morning (1 hour) and then after every break (about 6 breaks in total each day) for about 15 minutes. These are fine for the belief breaking seminars where the audience need to be in the right state to make the maximum change, but since this was more like a pitch fest, it was quite a waste of time. Removing all these fluff, we could easily have had a 3-day or 2-day seminar.
It was a disappointing seminar. I had quite a number of takeaways, but not on passive income generation – they were mainly on training, about what I should / should not do for my future workshops and seminars to ensure my participants get the most out of them. I also learned about how to write a best selling book from Eker’s Day 1 session. I had a series of reflections, which came more from being in mass seminar than specific to NWA.
Passive income IS possible – just that if you want to learn real, actionable strategies on how to create passive income in your life/work/business, you are not going to get that in NWA.
As reader Francis commented, “I find that mostly they (seminars) are either fluff or are just chock full of a marketing materials with the aim to upsell you to the next more expensive tier of courses/product.” A seminar like NWA is precisely the reason why many have such impression of self-help seminars. Certainly, not all seminars are like this. I’ve heard excellent things about Tony Robbin’s Unleash the Power Within, Date With Destiny and Eker’s Millionaire Mindset Intensive (MMI). For the record, NWA has left me with a bad taste, but Eker comes across as a genuine person and I believe his other courses (MMI in particular) aren’t like that.
Would You Like Me To Continue With Such Reviews?
The point of this review isn’t for you to conclude that all such seminars are useless/scams, but to inform you about how it like and what to expect. (For what it is worth, I’m in the self-help industry too and I design/conduct personal development workshops as well). This is the first time I’m doing a review on PE. If you find this review helpful and you would like me to continue reviewing other similar seminars I attend, please let me know in the comments area.
Next up might be Eker’s MMI in Singapore, which will be held in Nov this year. I’m sure that’s going to be different from NWA and I look forward to it.
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