M1 $700 a month to join. Would you?
Most Popular Reply
@Noel R. When I hear something costs $700/mo. all I picture is 3 rental properties floating away, into the sunset....
43 Replies
- Investor · Asheville, NC · Member since 2011 · 833 posts · 499 votes8y
Hey BP!
Like @Ernesto Hernandez, I recently joined M1 and would be happy to jump on a call with anyone who is curious to discuss further. In short, my experience has been great and I've already experienced some pretty profound shifts as a result.
$700/mo...$8400/yr!
You could do $5500/yr. into your Roth ($6500 over 50)...if you still qualify, and have a bit left over. Accredited folks may not qualify, but there are ways around that to build a Roth. Then purchase a Note, generate $250 - $300/mo tax free!
You can get all the networking you desire locally (REIA's) and at your local Church (Men's groups).
Quite a business model though...if they have 1000+ members paying $700/mo...well, you do the math!
I guess if you reach a certain point in life and desire this type of 'tribal' reinforcement, then go for it...to each his own!
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Gary Kane:
$700/mo...$8400/yr!
You could do $5500/yr. into your Roth ($6500 over 50)...if you still qualify, and have a bit left over. Accredited folks may not qualify, but there are ways around that to build a Roth. Then purchase a Note, generate $250 - $300/mo tax free!
You can get all the networking you desire locally (REIA's) and at your local Church (Men's groups).
Quite a business model though...if they have 1000+ members paying $700/mo...well, you do the math!
I guess if you reach a certain point in life and desire this type of 'tribal' reinforcement, then go for it...to each his own!
Hands down other than major developers hedge funds and big time syndicators the biggest money in real estate today is the successful Guru trainer etc.. no question about that.. its up to each individual if they think they get value..... and keep in mind for may 8,400 a year is just not a lot of money.. to others its astronomical to even think of spending that much of networking education life coach etc.
- Rental Property Investor · East Wenatchee, WA · Member since 2014 · 10k+ posts · 16k+ votes8y
I've never heard of M1 before today, but Rock Thomas' podcast episode was amazing. It's the first time I've said to myself, ' I need my boys to listen to this'. Life skills and mindset. Perseverance. Having a big why. If they or we have those, we can do and achieve about anything.
Most people could afford this easily by trimming their budgets. If there isnt a long term commitment where he takes you to collections and destroys your credit for quitting early, $700/mo invested in yourself will not bankrupt ya or matter much 5 or 20 years from now.
Looks like there is a trimester discount of $650 off if you're serious. Problem is, most folks that truly need this or hang their hats on something being 'the thing' don't have $1350. In genral they are not patient enough to delay purchasing shiny things. Why I don't join shortcut groups. I can find the broke and impatient all I want at convenience stores and sports bars.
Something to be said about paying for a service. Holds you accountable and kinda forces you to work it. I have a gym membership for this reason. I may not want to go some days, but no way I'm gonna waste $60 or whatever a month and not use it! The barrier to entry tends to wean out the wastes of time as well.
I admire people that seek to better themselves. Paying a reasonable amount to assist in one's life improvement is not a bad thing, just don't do nothing else thinking this one thing is the 'cats pajamas' as DG likes to say.
If I were new and to join something like this it would be a part of my plan, not all of my plan.
- Realtor · San Francisco, CA · Member since 2017 · 408 posts · 361 votes8y
@Jay Hinrichs I HIGHLY respect all that you post and I regret missing your visit to San Francisco recently. Just wasn't in the cards for me.
With that being said, to quote you ... "I would think most beginners in real estate who have not done a deal or many deals.. this type of thing may be too advanced .. not sure.. but for those that are looking for next level like to interact and want to talk to someone weekly like they say they do.. could be a good thing.. as long as the so called life coaches that take the weekly calls are not sitting in a call center in Utah reading from a script.. like the TV fix and flip guru mentors."
There are AT least weekly calls. You must be on video. Nobody is in a call center. M1 is not what anyone has guessed it is.
It is not Real Estate driven although many of the members are in Real Estate in different aspects. It is extreme accountability. You will not be fed information and it is not a "club" of people you just get to network with. It is not cheap and it's not supposed to be. You will take action on different facets of your life and goals. You will be interviewed multiple times to ensure this is the right for you. You have 30 days to recuse yourself from the program and if you do not keep up with your commitments to yourself, you should expect a tough love call. There is a rigid curriculum but that's been probably the least valuable element to me so far.
To the guy who made the $700 per person income stream comment, as the community grows they'll need to continue to grow the coaching team as the structure of the program is centered around smaller groups of people you interact with on a very regular basis. Hence, the growth in payroll. All of the coaches are people who have completed the program themselves.
People pay $400 for Crossfit alone. Who are we to judge? It's not for everyone. M1 has already provided fantastic value for me and I don't plan on backing out.
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Ernesto Hernandez:
@Jay Hinrichs I HIGHLY respect all that you post and I regret missing your visit to San Francisco recently. Just wasn't in the cards for me.
With that being said, to quote you ... "I would think most beginners in real estate who have not done a deal or many deals.. this type of thing may be too advanced .. not sure.. but for those that are looking for next level like to interact and want to talk to someone weekly like they say they do.. could be a good thing.. as long as the so called life coaches that take the weekly calls are not sitting in a call center in Utah reading from a script.. like the TV fix and flip guru mentors."
There are AT least weekly calls. You must be on video. Nobody is in a call center. M1 is not what anyone has guessed it is.
It is not Real Estate driven although many of the members are in Real Estate in different aspects. It is extreme accountability. You will not be fed information and it is not a "club" of people you just get to network with. It is not cheap and it's not supposed to be. You will take action on different facets of your life and goals. You will be interviewed multiple times to ensure this is the right for you. You have 30 days to recuse yourself from the program and if you do not keep up with your commitments to yourself, you should expect a tough love call. There is a rigid curriculum but that's been probably the least valuable element to me so far.
To the guy who made the $700 per person income stream comment, as the community grows they'll need to continue to grow the coaching team as the structure of the program is centered around smaller groups of people you interact with on a very regular basis. Hence, the growth in payroll. All of the coaches are people who have completed the program themselves.
People pay $400 for Crossfit alone. Who are we to judge? It's not for everyone. M1 has already provided fantastic value for me and I don't plan on backing out.
Hey great feedback I am all for it if you get value.. I am all for 40k coaching packages if it launch's your career.. This is the Key do YOU think it has value that's all that matters.. BP is not a great place to air out is this coach good or that program good.. as you stated 90% of the people on here are single minded they relate everything to owning a cash flow home and everything else is just gambling or guru speak or whatever.. So to that extent feedback on BP is highly biased towards those activities.. And further I commend BP for having someone who is NOT all centered around real estate on a POD cast.. sure is better than marching Clayton MOrris out on stage.. and enabling him to get to so many BP members.. ( although to be fair to BP they had no clue he was not what he said he was).
And maybe there is some jealousy around the paid for trainers as well.. Most of them that are successful like a Tony Robbins etc they make HUGE Money Millions upon Millions with their training and backing certain products.. Real Estate is no different.. The top trainers make huge money. Its just business no one is putting a Gun to these folks head who join up.. there is some very good sales tactics though to bring one to move forward that is for sure.. Just like a good car salesmen putting you in that Car you had no intention of buying when you walked on the lot.. :)
- 8yJay HinrichsBusiness MemberReal Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
Originally posted by @Steve Vaughan:
I've never heard of M1 before today, but Rock Thomas' podcast episode was amazing. It's the first time I've said to myself, ' I need my boys to listen to this'. Life skills and mindset. Perseverance. Having a big why. If they or we have those, we can do and achieve about anything.
Most people could afford this easily by trimming their budgets. If there isnt a long term commitment where he takes you to collections and destroys your credit for quitting early, $700/mo invested in yourself will not bankrupt ya or matter much 5 or 20 years from now.
Looks like there is a trimester discount of $650 off if you're serious. Problem is, most folks that truly need this or hang their hats on something being 'the thing' don't have $1350. In genral they are not patient enough to delay purchasing shiny things. Why I don't join shortcut groups. I can find the broke and impatient all I want at convenience stores and sports bars.
Something to be said about paying for a service. Holds you accountable and kinda forces you to work it. I have a gym membership for this reason. I may not want to go some days, but no way I'm gonna waste $60 or whatever a month and not use it! The barrier to entry tends to wean out the wastes of time as well.
I admire people that seek to better themselves. Paying a reasonable amount to assist in one's life improvement is not a bad thing, just don't do nothing else thinking this one thing is the 'cats pajamas' as DG likes to say.
If I were new and to join something like this it would be a part of my plan, not all of my plan.
This is impressive as I know your not easily impressed..
- Rental Property Investor · Algonquin, IL (Chicago suburbs) · Member since 2014 · 155 posts · 76 votes7y
Noel....any updates to share? Would really appreciate to hear your follow up so far!
Thanks in advance!
- Atlanta, GA · Member since 2019 · 15 posts · 9 votes7y
The most recent podcast episode of BP had several panelists that started or were involved with GoBundance, I guess M1 was at one point related, but I'm curious if they sold it off. M1 is for people who have less than $1m in assets, There's multiple BP conversations about M1, but very little feedback on if it's worth $700/mo. I'm holding off until there's more validation from BP members.
- Member since 2015 · 1 post · 0 votes7y
Noel, how are you liking it so far? I just had an introductory call with someone last week and am considering it. I'm in a different industry. Thank you!!!
I am no longer a member. M1 was an interesting experience. The program is packed full of good content which is all available for free in some way shape or form on the interwebs. The POD idea seems great on paper but had little to no guidance after 6 weeks and didn't pan out the way I was hoping. Basically 6 new members were grouped together without any real reason and instructed to mastermind. The mentor piece was missing from the POD in my opinion. The weekly Monday interview was sales pitchy at times and felt alot like a podcast. All but 1 of my POD members have left M1.
The bottom line is I do not feel it is worth the price tag. I did manage to make some good connections but networking inside of M1 is just like networking outside of M1. Save your money and get out there and network.
Here is your M1 content in a few words. Read miracle morning and implement, read Millionaire mindset and implement, create a budget and cut expenses. Look for ways to generate passive income aka REI. Enjoy!
- Flipper/Rehabber · Virginia Beach, VA · Member since 2016 · 1 post · 0 votes7y
I've been a member for 7 months now. If you'd like to connect with me, I'd be happy to share my experience.
- Property Manager · Charlotte, NC · Member since 2019 · 5 posts · 2 votes7y
I have been in M1 for two years, just entered my third year this summer. It's value has been paid tenfold. They do not take everyone who applies, however, it has much more to do than with just your portfolio. There must be an eagerness to learn, to participate, and to take feedback. There is an extreme accountability, which is what you must seek to better your lives. It is very interactive and you do get exactly from it what you put into it. It is all there for the taking, but you must take action. There are plenty of resources and value without having to buy any add-ons. They do however have available one on one coaching and some programs that have been vetted that are available if it is something you are interested in, like running AirBnBs, or learning how to travel hack credit cards. Many times, enough people have taken the course to give you advice to get started, but I have taken the AirBnB course and am now running AirBnBs. Only because I desired so, there is no pressure. There are also events, and I have paid for and attended four of them. It is not a requirement, but I wouldn't trade them for anything.
So at the end of the day, M1 has become a huge part of my life and I have gained best friends and upped my investment, horizontal income, and career. There are other areas as well, like your health and fitness, relationships, spirituality. At the end of the day- much like life, it is exactly what you decide to make of it and I'm one of the members who went all in and reaped the benefits.
Please contact me if you want any more info! I see some other tribe members in here, too! Grab Life Big, Guys!
- Wholesaler · Arden, NC · Member since 2016 · 2 posts · 0 votes1y
Quote from @Ernesto Hernandez:
If any one else has questions on M1 I'd be happy to answer them as a newly minted member.
Hi Ernesto, I paid $1,000 deposit to join this inner circle. What was your experience? I am referring to the M1 Inner Circle to raise capital.
- Wholesaler · Arden, NC · Member since 2016 · 2 posts · 0 votes1y
Quote from @Brittany Olson:
I have been in M1 for two years, just entered my third year this summer. It's value has been paid tenfold. They do not take everyone who applies, however, it has much more to do than with just your portfolio. There must be an eagerness to learn, to participate, and to take feedback. There is an extreme accountability, which is what you must seek to better your lives. It is very interactive and you do get exactly from it what you put into it. It is all there for the taking, but you must take action. There are plenty of resources and value without having to buy any add-ons. They do however have available one on one coaching and some programs that have been vetted that are available if it is something you are interested in, like running AirBnBs, or learning how to travel hack credit cards. Many times, enough people have taken the course to give you advice to get started, but I have taken the AirBnB course and am now running AirBnBs. Only because I desired so, there is no pressure. There are also events, and I have paid for and attended four of them. It is not a requirement, but I wouldn't trade them for anything.
So at the end of the day, M1 has become a huge part of my life and I have gained best friends and upped my investment, horizontal income, and career. There are other areas as well, like your health and fitness, relationships, spirituality. At the end of the day- much like life, it is exactly what you decide to make of it and I'm one of the members who went all in and reaped the benefits.
Please contact me if you want any more info! I see some other tribe members in here, too! Grab Life Big, Guys!
Hi Britt, are you referring to the M1 Inner Circle for Capital Rasing or other?
- Property Manager · Charlotte, NC · Member since 2019 · 5 posts · 2 votes1y
Hi Julian! I am not in the inner circle, that must be new. I have not been a very active alumni in the tribe the past few years, but still maintain a relationship with Rock and his wife Rose and see them and others at events. I am very active with my original pod, there are 7 of us and we have met faithfully for an hour every week for almost 8 years. I have also spoken to or messaged with at least 10 or 15 M1 members this week, I speak to them regularly, they are my network, support, and inspiration- colleagues and friends. I have gone through the curriculum twice in those years, but the real magic is just reaching out to everyone. Post on the FB page with any requests, and get yourself into an active and engaging pod. The growth I've had since joining M1 in 2017 has been unreal. My whole life has changed and I am now also a member of Gobundance Women.
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