Note Course Bonus: The Want To Believe Syndrome Pt. I

Published: Tue, 10/05/10

THE PAPER SOURCE CASH FLOW EXPRESS 9/2/09
pril 1, 2010

The Paper Source Cash Flow Express
& Note Course Bonus Lesson

THE WANT TO BELIEVE SYNDROME, PT. I
                   October 5, 2010
News Of The Note/Cash Flow Business For Brokers & Investors
"The main speaker (otherwise known as Mr. Expensive Suit)
took his goons up to this man's room and terrorized him." 

 
Hello again ,

Have you ever watched one of those late-night TV infomercials claiming you can get fabulously rich in cash flow notes, or real estate, or tax liens, etc. almost automatically if you'll just buy the home study offer at this incredible discount, good for the next 22 minutes, BUT WAIT!  THAT'S NOT ALL YOU GET!, etc., etc., etc.?
 
The infomercials are slick and persuade a lot of people...after all, the offer is only $99.95, marked down to $39.95 or whatever.
 
What they don't tell you is that you'll be hounded by sleazy phone pitchment forevermore, telling you that what you bought is basically junk, it tells you nothing, that what you really need is the insider's boot camp (or whatever they call it) for just $2,995, but because you are such a great person you can have it for just $995 but only if you give them your credit card info right now.  And if you fall for that, when you go to the "boot camp" you're told that you need the REAL insider info, which costs $5500 or $9995 or -- $25,000 -- yes, there's a company that charges 25 grand for a seminar!!
 
Leslie Fountain says these scumbags prey on what she calls the "Want To Believe Syndrome."  Here's how to spot it and how to cure it.
 
This is Part I.  I'll send you Part II in a few days.
 
There's a convention of cash flow note brokers and investors coming up next month, and I think you'll want to be there.  It's called the NoteWorthy Convention, and it'll be in New Orleans, November 4-7. It's a time to meet others in the business, get new ideas and encouragement.  You'll also get a collection of three software tools as a bonus (valued at $477), and your ticket includes a special closed-door mastermind meeting the day before the convention. Register here -- and save 20% because you're such a great person...well,  that and because you're a Paper Source student.
http://snipurl.com/nonoteconv  (The 20% discount is automatically subtracted.) 
 
This special discount will expire in a few days, so don't delay.

Cheers,

Bill
 
 
THE "WANT-TO-BELIEVE" SYNDROME, Part I
by Lesley Fountain
 
 If caught early, this condition does not have to be fatal.

For me it was too late.

Please learn from my mistakes (or humor me and say you did). It will be such a comfort to know I didn't trash my credit rating in vain.

Once upon a time, I paid $2,995 to attend a seminar put on by a fine company called Capital Investment Systems. (They have a new name now, but doesn't everybody?) I got off cheap because I put it on a credit card. Lots of people financed it, and they paid $4,995. You can read more about my experience with them at www.friendsinbusiness.com/scams/seminar.shtml.

I was lured into this circus by a fox in a suit. (No, wait. That was Pinocchio. I was lured in by a three-hour "free" seminar. Yes, that's right.) Anyhoo, they said they were going to teach me all about marketing right there at the "free" seminar. In fact, on the infomercial, they showed people sitting at long tables, papers piled high around them, scribbling furiously in notebooks as they struggled to absorb this vast quantity of knowledge.

But wait!

Where are the tables?

Where are the books?

Oh, I can explain that. It seems the people on the infomercial had paid for the full treatment. The "free" seminar was just to tell me what I could get if I gave them lots of money.

"Why didn't they tell me that?" I wondered.

But I didn't leave.

**************************************************************
Where do you find the major cash flow note funding sources? In
THE PAPER SOURCE REGISTRY OF NOTE INVESTORS. Go to
http://papersourceonline.com/registry-of-investors/how-to-get-in/
**************************************************************
 
At this "free" seminar, the speaker swore on a stack of lies that they were NOT "a seminar company." They gave only TWO such seminars a year... one in San Diego and one in Boston. If we missed this one, they MIGHT be able to get us into the one in Boston, but more likely we would have to wait until the following year. Imagine my surprise when I arrived for the first day of my five-day "boot camp" and compared notes with some of the other 200-or-so people there. It seems these seminars were held all over the country... all the time.

It sounded suspiciously like seminars WERE their business.

"Something's rotten in Denmark," I thought. (So did a lot of other people.)

But we didn't leave.

And we didn't ask for our $2,995 or $4,995 back.

When it came time to buy into the business opportunities they were offering... (my very first exposure to the famed "Business In a Box" concept)... the price tag on each one was $495.00.

Huh??
 
At the "free" seminar, I distinctly heard them say, "For just  95 dollars, you can activate any of these businesses." Was I the ONLY one who heard this?? No, it seems lots of people who attended the "free" seminar in various places throughout Southern California heard the same exact thing. In fact, we found 13 of us just within spittin' distance (we never got a chance to poll the whole 200-or-so suckers in the room, but this did seem to be peculiar to Southern California).

Double-huh!!

But we didn't leave.

In fact, we gratefully accepted their offer to throw in an extra Business In a Box absolutely F*R*E*E to make up for the misunderstanding.

On the last day... when we were all a little punchy (another word for "vulnerable as hell") from five days of sitting in our seats from 8:00 a.m. to 9:00 or 10:00 p.m. with only a short break for lunch which rarely happened before 3:00 p.m. (techniques sometimes associated with brainwashing)... one timid-but-very-likeable little man collected the forms he had passed out on the first day. We all had the option of putting our name on a mailing list he was kindly typing up so we could keep in touch (people tend to get very close very fast when they're shut in a room together and hyped up like we were, and we all thought we were best friends).
 
Well, the Powers That Be got wind of this (he never tried to make a secret of it), and the s--- hit the fan! The main speaker (otherwise known as Mr. Expensive Suit) took his goons up to this man's room and terrorized him. Maybe that's a little strong. I guess "intimidated" would be a better word. In fact, they intimidated him so well that when I called him several months later to talk about one of the biz-ops that had turned out to be a scam, he was still terrified and refused to talk to me. It seems they threatened him with arrest and left the poor little guy trembling in his boots.

A couple of his friends went ballistic and left the seminar early, and Mr. Expensive Suit hurried back to  lecture the rest of us like a bunch of naughty kids (and that's exactly what I felt like by the time he finally ran out of steam, even though I had nothing to do with anything). It wasn't his job to make us like him(!), he said, but to teach us how to succeed. (Bless him for that.) He would dearly LOVE to have us network after the seminar, but their attorneys would not allow it. It would open them up to all kinds of trouble. After all, one of us could contact some trusting little old lady and scam her out of her life savings, and Capital Investment Systems would be liable (perish the thought!).

"Well that certainly makes sense," the rest of us said, nodding stupidly.
 
(It wasn't until much, MUCH later that I learned the real hazards of networking. It isn't dangerous to our well-being, but to theirs.)

We stayed.

And we gave them our money.
 
I bought $1,500 worth of "biz ops" over and above the $2,995 price tag on the seminar itself. Some people spent much more than that. But it was okay, because we were investing in the future. And we knew we couldn't lose.

Why?

Continued in part II.
 
Lesley Fountain has been featured on CNET-TV, CNNfn, Newsweek, Entrepreneur.com, and your local news... all because she ran a successful business for 20 years out of her house before she got stupid and lost $30,000 to biz-op scams. Hopping mad, she created "Friends In Business," a popular online community and home to "Scams 101," where she teaches other potential victims "How To Smell a Rat Before It Bites You In the Hiney." You'll find her at www.friendsinbusiness.com


 
Check Bill Mencarow's blog every day for breaking news about notes, real estate and related areas, plus humor, occasional rants...you never know what's next!  http://papersourceonline.com/blog-articles/
 

 
LONNIE SCRUGGS' NEWEST BOOK
TAKING THE MYSTERY OUT OF MONEY
IS SETTING SALES RECORDS!

If you depend on a "job", then you need to learn what financially successful people do...make your money work for you. Lonnie Scruggs' brand-new book shows you how to work smart by doing a little work one time, and getting paid for a long time.

TAKING THE MYSTERY OUT OF MONEY shows you how to do that. Read about it here.

It's loaded with case histories & examples to help you understand money and finance so you can reach your financial goals.
 
Best of all, it's written in the down-to-earth, easy to understand conversational style that Lonnie is famous for.
 
Just Some Of The Topics Covered In This 253-page Book:

· How To Use A Financial Calculator
· Power Of Compounding Of Interest
· How Many Doubles Do You Have
· How To Create Notes & Cash Flow
· How To Use Notes To Buy & Sell
· How To Improve Notes For Better Yield
· How To Buy Notes In Pieces
· How To Make Big Yields From Little Deals
· Making Hard Money Loans
· Profits From Prepayments
· Time Value Of Money
· Rule Of 72
· Understanding CAP Rates
· Simple Interest vs Compound Interest
· Difference Between Yield & Discount
· How Much Does That New Car Really Cost?
· New Car Or ROTH IRA?
· Money Is Not The Problem.
· Is Being Poor Heredity?
· Job Security Or Financial security?
· Coulda--Shoulda--Woulda
· Who's Planning Your Retirement?

Order Your Copy Now & Learn How To Fire Your Boss!

http://store.papersourceonline.com/taking-the-mystery-out-of-money/

If You Get Rich While You're Young,
You Can Have A Blast Growing Old!
 
 
   
China...Iran...Colombia...North Korea...Sudan...
and so many more captive people in need of God's Word...
 
You can send a Bible to someone who desperately wants one!
Visit Bibles Unbound, a ministry of Voice of the Martyrs, and learn how you can become a Bible Mailing Missionary: www.BiblesUnbound.com
  In This Issue
IN THIS ISSUE:
 
The Want To Believe Syndrome, Pt. I

  Featured Products
Featured Products

YOUR IRA CAN BUY NOTES AND MORE!
by John Merchant, J.D.