Monday, December 17, 2007

Review - Richmastery Ltd

Richmastery in an Auckland based company that specialises in Financial Education, namely Property Investing Education. Started by Phil Jones and David Hows in 1999 it has grown to be the largest property education company in the country with revenues of $9 million per annum.

Their main business is running seminars, with additional mentoring groups as a side earner. They seem to get mixed reviews in the media. The first time I heard about them was on a TV program which labelled their 3-Day Property Seminars almost as cult-like in their management. The TV show did a really good job at giving them bad publicity! They showed a hidden camera inside the venue and people on their feet clapping. It really did look like something in a cult! So much so that I stayed away and cringed whenever I heard Richmastery.

The funny thing is that when I finally went to a teaser seminar from an ad I saw in the newspaper I was really impressed with the presentations and content! All the years I had avoided the company, they were really quite good! There 4 Hour seminars covered a lot of basic property strategies and we a great teaser to learn more. I think Phil Jones is a great presenter and a great salesman. Fascinating to watch with his comedic presenting style and his ability to break down the complex strategies into easy to understand pieces.

Richmastery's model is to invite the public to attend a FREE (Used to be $79 a head) Seminar to learn investing strategies from "Property Millionaires". The Free Seminar is essentially a 4 Hour Sales Pitch for their extensive 3-Day Seminar costing $2999. In addition they also provide optional mentoring services to guide and support you thru your property investing.

I must admit I have not attended their 3-Day Seminar but I have listened to numerous audio recordings put out by Richmastery and I have a fair idea of what happens at the property seminars and how they are structured. With this Blog being called Review Post I am not able to review the 3-Day seminar but if anyone would like to add even a few lines on their experience please do so at the bottm of this post. I love to hear first hand accounts, as opposed to the testimonials the the company puts out.

Did you gain your moneys worth from the seminar? Would you recommend others go? What did you like about the format of the weekend? What did you hate? What was missing?

Any comments are greatly appreciated in helping others decide whether to attend. Richmadstery's website can be viewed at: www.richmastery.com

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