American taxpayers are sharing in $34.6 billion worth of ‘Freedom Checks’. All you need to do is signup, and with just ten bucks you can start cashing in FAT checks!
Sounds pretty cool, right? Yep.
Thankfully, you’re smart enough to be here doing your homework though. Because Matt Badiali is NOT telling you the full story. Not by a long shot.
Read on to see exactly what Freedom Checks is about and how it really works…
Freedom Checks Review
I first came across Matt Badiali’s Freedom Checks via an article on the Banyan Hill website. The article appears to be an “update” on how much money people are making with this…
Apparently, people are making so much money it’s like winning the lottery.
Cool story.
But the truth is- this is an advertorial. Which, in the world of marketing, is code for bullshit.
The above article exists for the sole purpose of promoting something. And as I will soon explain, that “something” is a Real Wealth Strategist subscription.
Anyways, that article links to a video featuring Matt Badiali…
In this video, Matt introduces himself and starts pitching the idea of “Freedom Checks”.
He claims that 568 ‘designated entities’ will soon pay out $34.6 billion to American taxpayers in the form of ‘US freedom checks’.
He says that residents in the United States can easily begin collecting checks for $24,075, $66,570 and $160,923 with this. According to the video, all you need to do is signup and start cashing checks.
Matt goes on to show testimonial after testimonial. There must be dozens of testimonials throughout the video, all supposedly from real people making real money.
Here’s a screenshot of some of these testimonials to show you what I mean…
As you can see, Matt says these people are earning between $124,000 and $643,000 per year with this ‘method’. And all you need is a measly $10 investment to start cashing in.
Unfortunately, there’s some serious holes in his story though.
For starters, these people are really just stock photos…
I won’t go through each and every testimonial, but my guess is that they’re ALL fake. I see this kind of thing a lot among scam sites and (in my opinion) it’s highly unethical.
If REAL people are making real money- why use stock photos?
Anyway, more important are the amounts they claim to be earning. For people to be earning such high amounts of money this way, they’d need to be investing millions of dollars.
Seriously. This is the only way you can make such high returns with the methods he’s referring to. And I intend to prove this beyond any shadow of doubt.
Read on to see what these ‘freedom checks’ are and how they really work.
What Is Freedom Checks? (not what you think)
Freedom Checks is a term Matt Badialia created out of thin air- which really means investing in MLP companies. An MLP (Master Limited Partnership) is a unique company structure that pays investors a monthly, or quarterly return on investment.
This is a legitimate investment strategy.
But it’s NOT for everyday investors with ‘ten bucks’ to spare. Not by a long shot. To make real money this way requires a significant amount of capital.
Surprisingly, I was able to find the official eight page PDF that explains the process and the MLP companies Matt recommends investing in.
I literally found it through a quick Google search.
This is the “$34.6 billion freedom check payout” he’s talking about. If you read that and are wondering what the fuss is all about- you’re not alone.
Anyways, the only way you can get this (other than being here now) is by purchasing a yearly subscription for “Real Wealth Strategist”.
Which means Freedom Checks is really just an elaborate sales pitch to lure people into buying Real Wealth Strategist. It comes as ‘part’ of your yearly subscription to RWS…
So it’s safe to say you can disregard most of what is said in the sales pitch. It’s nothing more than a sneaky ‘gimmick’ to sell you into a subscription. And teach you a (not secret) method of investing.
Recommended: Go here to see my #1 rated stock advisory of 2024
How Freedom Checks Really Works
First and foremost, this is about investing in MLP companies. Which is all about buying ‘units’ of a given company and receiving an annual yield (ROI) based on the companies performance.
So you are becoming a ‘unitholder’ (AKA shareholder) of a given company in the hopes they will perform well.
This is very similar to how stock dividends work. Where you’re buying shares of a company in the hopes of earning stock dividends. Except there are certain tax advantages and other differences with this model.
Anyway, these companies distribute at least 90% of their total revenue to investors. And they don’t pay tax like most companies either. Nor do the investors who receive this income. Income tax on these earnings is only payable upon selling any shares you own.
Assuming you’ve got a handle on the basics, the important thing is to pick the right companies to invest in. At least, if you want to make a good profit. And this is where Matt’s ‘freedom check blueprint’ comes into play.
Out of ‘568 companies’ he narrows it down to just five MLP companies to invest in…
- San Juan Basin Royalty Trust (SJT)
- CatchMark Timber Trust (CTT)
- SunCoke Energy Partners (SXCP)
- Pembina Pipeline (PBA)
- Sabine Royalty Trust (SBR)
These are companies that apparently own or control over a billion dollars in raw materials. Specifically, natural resources such as oil, gas, minerals, timber, core metals and precious metals like gold and silver.
How much do they pay investors?
The above MLP companies (typically) pay out around 5-10% of your investment per year. Which is physically paid on a monthly or quarterly basis.
This seems to be about the average returns among many MLP’s from what I can see.
Either way, none of them pay out more than 10% per year return of capital. Which is why much of the sales pitch is a complete and utter load of BS.
Here’s an example of investing in a company that pays out 10% per year…
- $10 investment can make you $1 per year, or $0.25 per quarter
- $1,000 investment can make you $100 per year, or $25 per quarter
- $10,000 investment can make you $1,000 per year, or $250 per quarter
- $100,000 investment can make you $10,000 per year, or $2,500 per quarter
- $1 million investment can make you $100,000 per year, or $25,000 per quarter
As you can see, ten bucks will get you NOWHERE.
And to make even a reasonable amount of money, you need substantial capital to invest. In any case, the returns on investment are nowhere near what he shows in the sales video.
In order to make anywhere close the numbers he shows people in the sales video, you need over a million dollars to invest.
I’m sure most people have that kind of money laying around though, right?
Matt seems to think so.
Is Freedom Checks a Scam?
Freedom Checks is a scam in the way it’s marketed to people. The marketing material is full of unrealistic hype, fake testimonials, and never explains what you’re really getting into.
So in my opinion, this is grossly misleading and unethical.
As far as Matt Badiali’s Real Wealth Strategist goes, it may be worthwhile. I chose not to buy it since I don’t like being lied to like this. But it’s possible there’s some value within it’s contents. Considering it’s only 47 bucks per year I don’t think it’s a huge risk.
However, several comments I’ve come across suggest there are heavy upsells once you’re a member. Which would not surprise me considering what I’ve already seen from these people.
Conclusion
Investing in the way Matt suggests, with the companies he recommends, is good and well. This is a legitimate means of investing and assuming you have enough capital, there is money to be made.
As far the way it’s sold to people, that’s another story. This is a classic case of exaggerating and leaving out critical facts in an effort to make a quick 47 bucks.
Whatever you decide to do is up to you, but hopefully this sheds some light on this so you can make a more informed decision.
How do you sign up for these checks or is this a scam
There’s no such thing as a ‘Freedom Check’, it’s just a marketing gimmick. I recommend you read the review to help you decide if it’s a scam or not.
Heard this scam on the radio again this morning. ” you have to sign up by May”
Hey genius it’s October.
Then the guy says, “here’s Shawn from Pittsburgh”. And on comes Mr Announcer Guy. Professional voice over guy. What a crock of sh&t
Yup.
Thanks for this article and the clarification on “Freedom Checks” which is just a misrepresentation of a product. Too bad that some folks fall for this. As the old saying goes “if it sounds too good to be true -then it’s not true.
You’re welcome Larry, glad the article was helpful. Cheers
it’s amazing how this guy discovered this “SECRET” that nobody else knew. He’s a regular Thomas Edison
Yep. In reality it’s just a marketing angle. Nothing more.
Did it ever occur to anyone why someone like Matt Badiali would tell total strangers how to earn supposedly free money (“freedom checks”) when he could be doing it on his own without anyone else’s participation? Or is he just another altruist? This alone should give readers pause……
Thank you signed up for another plan like this. The info was helpful but as you said it also took some investment on your part to make a unreal profits.
Happy to help out Jim and thanks for commenting.
A good friend of mine says it is a govt. grant & he already has recieved $100,000. So now, I’m torn, because I don’t believe he would lie to me. I’ve known him all of my life.
Thank you so much for your advise and you are correct. You always need to do your research as have been taken for a Ride a couple of times. Everyone just ignore these scammers and don’t give them your money. Shame on them!!!! Thanks again just saved my money…….
I wish to collect freedom checks at beginning of next month ,and if this is the real true ! I am ready to invest $10 so you can call me on my ? [phone number removed]. Thank you
Hi,
I removed your phone number to protect your privacy. Please do not post your phone number, address or email (or any other sensitive information) within any comments on my blog.
In a past life I was a stock broker with a prominent Wall Street firm. MLPs (Master Limited Partnerships) are legitimate investments similar to REITs (Real Estate Investment Trusts). They are called pass throughs as they distribute 85-90% of their income to the partners. Many are listed NYSE and available as a few units (partnership units), not shares. MLPs are frequently pipe lines with great depreciation as well as other tax breaks. Go to Yahoo Finance and do your home work. Thanks for the info. As an old farm boy I could smell this charlatons load of manure. His MLPs may or may not be good investments, but he pays confiscatory ad rates to Limbaugh and Beck to sell his newsletter. I would tell him to pound sand.
Thanks. It was helpful.
I HATE the commercials for this, with a passion. Obviously they’re aimed at lazy hillbillies. “Stayk yo’re claim. If Doug can do it, yew can tew!”
You like freedom? You like money?
Obviously being pitched at people who really believe that there’s tens of billions of dollars to which you can ‘stake your claim’ and get free checks.
What a load of CRAP!
I can’t believe the way they try and take you in , A lot of people are on fixed income and they try and take that to shame on them. May God Bless all of us not to be taken in on such bad people.
The ads make me laugh. Don’t be so hard on us hillbillies. Not all of us are dum hicks haha!!!
The worst thing about these types of scams in my opinion is that the people spending the time and money on these things are usually pretty hard working ethical people just having a terrible time making ends meet so they really, truly, honestly CANNNOT afford to invest in a scam or loose thier money. But being from a hard working blue collar family myself, I would put up my last ten dollars and give up 4hours a day and 4hrs a night’s sleep to WORK on a proven real system. In the end I’ve learned first hand all you end up doing is getting some liar richer, loosing time and money you really didn’t have the affordability to loose in the first place. I would love to run into one of these guys in person but I’d be afraid I would inflict bodily harm to them and I dont have the bail or Attorney’s fees which would put me even more in debt. I hate seeing these scams for this reason more than any and find information that you provide is an absolute must to seek out before making any kind of decision whatsoever. Thank you for showing the Real Story about these tricksters and allowing us a place to share and gather facts.
Thank you for a wonderful article. Figured it was a scam but you laid out the scam in simplistic way. These people should be shut down!
It amazes me the amount of crap that gets fed to us on the internet. I listened to this guys pitch for a half an hour and he only wants peoples money. Looking to invest for the near short future and everyone wants to rip you off. Just put my money under the mattress the way my Grandparents did.
I have found that people like this guy are part of these corporate insider’s who are allowed to lie to the public exactly like lawyers do. They are exempt from these crime’s of misleading information. But if you or I did this same thing to setup even a lemonade stand on you’re own property selling a real product. We would be in jail.
thank you for the information the adds didn’t even say you need to pay him 5.00 to 10.00
well there you go there’s never a free lunch.
I wont this how can i join
Where is the Federal Communication Commision? Freedom check is a scam ! They used to put people in jail for this !
I knew it didn’t sound right and I’ve researched it all day. I read ur article and Now it makes sense. They aren’t getting any money from me. Thank you. I’m glad I found ur article before I put my money to these people. Great work in explaining.
Judy Bryant King
You’re welcome, Judy. Glad you found my review helpful and all the best going forward. Cheers
Thank you for this info. I’ve been researching this for a couple weeks now. My husband and I are a little worried about retirement. It sounded way to good to be true. Thanks again. Sincerely
You’re welcome, Cindy. I think it’s one of those things where the underlying ‘subscription’ may be ok, but the marketing is beyond unethical in my opinion. Anything promising you quick and easy riches is almost always BS in my experience. Anyways, glad you found my review helpful and all the best. Cheers
Thank you ? I was trying to figure out things that was being said but now you opened it up to me
too many negative reviews!