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Is it worth paying 2000 for a weekend course

Weekend training courses have become a world-wide industry. You can find courses about almost anything but the most common are about property investing, trading and Internet business.

One of the best investments you can make is in yourself. You have probably heard it a lot of times, especially people who are selling training are fond using that phrase. But it is certainly true, learning new skills can make you more productive and it may also be possible to make more money as well. There is just one thing that you must be fully aware of, not all training is worth paying for.

Every now and then you can read horror stories about people who paid 2,000 or more to attend a property investment course. Typically the training is short, just two or three days. Sometimes it was also possible to buy off-the-plan units during the training. The problem was that the training was virtually worthless, the whole idea was to sell investment properties and get generous commissions from the developers. Unfortunately, for those who invested in the properties, the investments had typically been chosen because they got the promoter the biggest commission. For the investors, such properties often meant huge losses.

The training was aimed at beginners who did not know anything about property investments. In most cases, you could learn much more about property investments by buying a book for fraction of the price of the training course. Worst of all was that often the training was more of a sales pitch than eduction. The message was simple, property investing is an easy way of getting rich, just invest in our off-the-plan properties.

Since property is not as hot as it used to be and banks are not as generous with lending as before the financial crisis, real estate training has become less popular. But you can find the same kind of “training” in many other areas, for example trading and Internet business. There is plenty of money for those who hold seminars or promote them. Often, useless training are sold at free seminars, the people behind the free seminar typically gets 30% or so of the training fee.

Of course not all expensive training is poor but it can often be difficult to tell the difference between good and bad training courses. Poor trading courses are relatively easy to spot. There are no magic methods or software which will always pick winners. But there are plenty of people who are selling trading courses or software which are supposed to more or less automatically turn you into millionaire. All you need to do is to pay for the training, if you sign up today you get a generous discount, only 2,000 but only today, the ordinary price is much higher. The sales pitch is very simple, it is cool being a millionaire and everyone can become a successful trader. Even better, no experience is required, you just need two or three days of training.

Unfortunately, some people believe the hype and sign up for the training. You don’t need to know much about trading to know that there is no method which is guaranteed to be profitable. Virtually all studies show that most traders lose money, even if the market is going up. It is not impossible making money as a trader but that takes much more than a weekend training course or some magic software.

Even worse is that the expensive training is often worse than worthless. Since only people who know nothing about trading are likely to sign up, the training seldom contains much useful information. The training may just be a lot of talk about how easy it is making money, using some random examples as proof. A good book about trading for a fraction of the price often contains much more useful information.

Internet business is another popular target for scams. Running a profitable Internet business has many advantages but the competition is tough. It takes much more than a weekend training to build a successful Internet business. But you can find people who have simple solutions for you, you just pay for their magic software or training which will reveal a secret way of making money on the Internet. Once again, the price is very often two thousand dollars, euros or pounds, but only today and they throw in bonuses which are supposed to be worth tens of thousands. A fantastic bargain, or?

When it comes to Internet business, it is a little bit more difficult to spot scams but there are plenty of warning bells if you pay a little bit of attention. The best way is to try to understand what kind of people the presenter is targeting. Is it mostly about how cool it is to be a Internet millionaire, secret methods or magic software? Is the target audience beginners without any knowledge about Internet business?

Unfortunately, expensive Internet business training aimed at beginners can often do more harm than good. It takes time to build a business and software which after a few clicks creates a profitable web site does not exist. If you can sell ghost canes for $50,000 or hot dogs for $40 on ebay, you would get rich quickly but what is the likelihood of such things happening on a regular basis?

Another trick which is good to remember is that getting twice your money back if the course did not live up to expectations is generally a warning bell. Obviously, such a money back guarantee is not unconditional. Gilette may be reliable but for expensive training, you may easily find out that you will only get your money back if you can prove that the training is worthless. Something which may very well require a lot of time and money. And even if you can prove that the training is worthless, don’t be too surprised if you have trouble getting your money back.

Don’t be afraid of investing in yourself but don’t be naive and waste your money. It is always a good idea to start with a book or two to understand the basics. You can find plenty of information on the Internet for free, just make sure that it is not just a sales pitch disguised as information. Once you know the basics, you can much easier judge what training is worth paying for and what is just waste of time and money.

The Schwarzenegger Success Formula

Arnold Schwarzenegger is a well known success story and he has explained his formula for success many times. In his autobiography, Total Recall, is not only his life but also his success formula explained.

Total Recall is an entertaining book and it is easy to read. But the most important message in the book is that anyone can become successful. The Schwarzenegger success formula can be summarized in a few simple sentences.

First create a vision of who you want to be. Then you start living into the vision as if it were already true. Note that it should be a big goal, something that is so exciting that you jump out of bed in the morning in order to start working on getting closer to your goal.

There are two important things you need to know as well. First, you need mentors who can tell you what is the best way of reaching your goal. If you have to find out everything yourself, it will take too much time and you will get started on the wrong path far too often. Secondly, you need to take massive action or to use one of Schwarzenegger’s expressions, work your ass off. Make sure that you do something every day that gets you closer to your goal.

Regardless of what you want to achieve in life, one skill is always required, selling. Schwarzenegger was very well aware of this already when he was into bodybuilding. He become the man who changed bodybuilding from being perceived as an activity for men with psychological problems to a mainstream activity. He was quite clearly not the best actor from technical point of view. But he knew his strengths and weaknesses as an actor and focused on his strengths. He had the right body for action movies and could deliver witty one-liners. His films had very basic stories but plenty of action with some jokes thrown in. He spent a lot of time on promoting his films, both in the US and abroad. The films may not have been especially sophisticated but he had built up a fan club that made the films commercially successful. Needless to say, if you are in politics, you have to be able to sell your views and visions.

Note that as actor Schwarzenegger focused on his strengths and did not worry about his weaknesses, an important strategy for all high achievers. It simply takes far too long time to try to get rid of your weaknesses and typically you only become average anyway. For success, you need to be extraordinary, not average. Thus, know your strengths and weaknesses, make the most of your strengths and find solutions for your weaknesses.

In his autobiography, Schwarzenegger also lists ten principles that are necessary for success. Three of the most important are:

  • Forget plan B
  • The day has 24 hours
  • Reps, reps, reps

If you want to become successful, you have to look forward and not worry about all that can go wrong. It is not easy to become a success, there will be plenty of setbacks. If you have a plan B, you will most likely take the easy way out after a few setbacks. Stay focused on your goal, persistence is always needed if you want to achieve something worth mentioning.

Everyone has 24 hours a day, how you use those 24 hours will determine your success. You need to spend as much time as possible every day working on getting closer to your goal. Success seldom depends on talent or luck, instead hard work (reps, reps, reps) is a much more likely to make you successful. You simply have to be prepared to put in much more work than the average person.

For more about Schwarzenegger’s success formula, read his autobiography, Total Recall.