Guru training or some real life experience?

Question

Just a thought about the expensive (30-50k) guru trainings.

First of all, I don't know if anyone would really consider paying 30-50k for any kind of training. If not, than I wonder how are this people still in business.

Secondly, if you have that kind of cash to spend on a training, why not just do your research, look for free advice here on BP, and just go ahead and buy your first property. You will learn an awful lot more in this real life exercise, than you would in any training. And even if it doesn't  work out, or can't make it work, sell it. You won't be 50k out of pocket. And you have your first real estate deal under your belt. Next time you'll know it better.

What are your thoughts? Please let me know.

Eric H. · Answer

Greetings Account Closed,

I am a firm believer that experience is the best teacher. Bottom line. Trainings, seminars, coaching has its place. I do think one should invest in himself or herself. But it aint nothing like real word experience. I have done both and I can assert that plunging my funds into real estate directly versus giving my money to a coach has brought greater returns on investment.

Happy investing!!

Peace!!

Nick C. · Answer

Unfortunately many, many people pay 30 - 50k for training/mentorship/guruship, whatever you want to call it. Not only are the gurus still in business, but they're multiplying like rabbits. Which tells me they're finding more students/suckers all the time.

Hopefully one day their "students" will file a class action law suit against hgtv, and make them knock it off with all these fictional flipping shows that so many are using as their business plan.

Rachel H. · Answer

To be honest, most of what you learn is out in the field...through experience. Books and courses can provide basic guidelines though are based on the experience of others. Your experience may be different. Taking action and making mistakes is all part of success. Good luck!

Donal Kearney · Answer

I'm in Ireland also - if you want my opinion don't spend money on the course , I can recommend a lot of resources that won't cost anything near that

Patrick Anderson · Answer

I would rather spend 20k on the down payment of a property that ends up foreclosing than 20k on an over-hyped guru. At least I would have a horrible experience under my belt that I had the courage to endure, rather than staying in a nice, air-conditioned conference room yet again refusing to make a decision.

I'm being a little facetious. I do agree with @Eric H. though. The best of life's lessons, in my opinion, are the silent ones. Robert Kiyosaki talks about that in his book, "Rich Dad Poor Dad".

Guru training or some real life experience?

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