Hello All,
Today is another travel day for us DINKs, but I wanted to get a quick posting up nevertheless.
I’m in San Francisco taking care of some business. I was flipping through the channels in my hotel rooms television when I came across an infomercial by Russ Whitney. Now, if you don’t know who Russ Whitney is, the guy is a marketer who sells products helping individuals buy real estate with no money down.
Of all the personal finance gurus out there, Whitney is one of the worst. Its my understand that his company has been under investigation by several state consumer protection offices and that he has falsified and exaggerated aspects of his biography. To be entirely fair, any marketing involves some degree of hyperbole, but in Whitney’s case he is peddling the equivalent of modern day snake oil.
For example, Whitney’s advertisement promises “big big dollars in a short period of time” and seems to suggest that much of the way this can be achieved is by unconventionally structuring real estate deals – e.g. no money down. Essentially Whitney is offering something for nothing. This is a tremendous disservice to his customers. Building real wealth involves hard work usually over long periods of time.
We don’t normally make recommendations on this blog, but I’m making this one to our readers.
Stay away from Russ Whitney and his products. Don’t waste your money on a pipe dream.
Best,
James
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