Updated: July 4, 2020
I came across Lifetime Income Report while reviewing another investment service, called Income On Demand.
The person behind it, Zachery Scheidt, runs both of these advisory newsletters with the help of St. Paul Research, LLC (a company owned by Agora Financial). So I thought I’d take a closer look to see what is was all about.
What did I find?
In short, Lifetime Income Report is an investment newsletter service created by Zachery Scheidt that costs $49 and is mostly aimed at helping you make money with high yielding dividends. And he primarily uses a “free” book called Big Book of Income to sell it.
Read on to learn more.
It All Starts With the “Big Book of Income”
The main sales tool used to sell Lifetime Income Report is a 196 page book called Big Book of Income. There seems to be some great value within the contents of this book, but it’s not really “free” depending on how you look at it. Because you can only get a copy by purchasing a $49 subscription to Lifetime Income Report.
In any case, according to the sales page, Big Book of Income contains “47 life-changing income tricks” that wealthy people use to grow their income and wealth automatically.
Here are some of the “secrets” Zachery says you will learn in the book:
- How to earn up to 4.25% interest on your cash
- How to get physical gold shipped to your door on the 23rd of every month
- How to make $35 an hour walking on the beach
- How to increase your monthly social security checks by up to 76%
The most powerful secret of all apparently has to do with a “social security loophole.” On page 150, Zach says you are shown how to exploit this loophole in order to make large profits for retirement.
So there is some exciting stuff to learn about here and it seems to be mostly geared towards people who are either retired or who are reaching retirement.
However, it’s really more of a “bonus” that is used to promote the underlying subscription service, Lifetime Income Report (LIR), which costs $49 per year. And as a subscriber of LIR, you get Big Book of Income for free (PDF version).
Are There Really Only 450 Copies Left?
One of the claims made on the sales page, is that there’s “only 450 copies available.” But I believe this is really just a marketing gimmick.
Why? Because the Big Book of Income has been around for years now. This is an updated review, but my original review was published back in 2018 and it wasn’t new then either.
There appears to have been some updates to the book to keep it relevant and full of value, but it’s been around for awhile. And given how much attention this company receives, I’m guessing they’ve given away 10,000’s (maybe 100,000’s) of copies by now.
So I don’t believe it’s limited. And they use a similar tactic by suggesting that the “time remaining” is limited for you to claim your free copy:
Why do they do this?
Because scarcity sells. People hate missing out, and clever marketers know this, which is why it is a tactic that has been used by companies for many years, even legit ones, to sell more stuff. They are basically capitalizing on something that is commonly referred to as FOMO (fear of missing out).
Scarcity marketing works and can be used legitimately. So I’m not saying this makes it a scam or anything. But I personally do question how ethical it is if the “thing” they’re offering isn’t really limited.
Is Big Book of Income Legit?
Overall I do think the Big Book of Income is legitimate.
Zach is a professional investor and shares a lot of great stuff with people who subscribe to his services. So I wouldn’t call it a scam. And, after all, it is free. So it’s hard to call something a scam that is free.
The book contains information on a wide range of investing and money saving topics, and is especially geared towards retirees. So you could possibly learn some really great insights by reading it.
Just keep in mind that, even though it’s technically free, you do need to purchase a $49 subscription to Lifetime Income Report in order to receive a copy.
What is Lifetime Income Report About?
Lifetime Income Report is a monthly investment newsletter written by Zachery Scheidt, who works for St. Paul Research.
Zach’s advisory letter focusses on “investments offering the biggest dividend payouts.” In addition, the publication talks about reducing tax liability, picking up “high-paying bargains” and income opportunities outside of just the United States.
Or as the St. Paul Research website puts it:
Lifetime Income Report focuses on great investments offering the biggest dividend payouts. Editor, Zach Scheidt is not just looking for high yields. He’s looking for companies strong enough to sustain those yields. We also share strategies to reduce your taxes, pick up high-paying bargains, and even find income opportunities outside the U.S.stpaulresearch.com
So it’s mostly about helping you find great companies with high paying dividend yields. And those he believes can continue to pay dividends well into the future.
A dividend is basically a type of investment where the company you have invested in shares a portion of their earnings (in money or more shares) with you at set intervals throughout the year.
Which some investors love because it gives you another way to increase your wealth, regardless of whether or not the stock price goes up.
Aside from investing, Zach also talks about the different ways you can potentially save money. Such as through legitimate tax reduction strategies.
In any case, the idea is to subscribe to Lifetime Income Report and get tips on how to make money investing. The price is $49 per year (or $129 if you want the Premium version) which I think is affordable considering what you get access to.
Here’s a screenshot of what you get (taken from the order page):
And they even give you 6 months to decide if you like it, and if you don’t, you can request a refund. So for that low price and considering you can get a refund, I don’t think there’s a whole lot of risk in buying the subscription itself.
However, there is still some risk involved here.
Because, as with any type of investing, there are no guarantees. And while Zach does provide some great insights and recommendations, nobody is right all of the time. So it is possible that, at least at some point, you could end up losing money by following his advice.
As a subscriber, you are essentially taking Zach’s word that he will help you make money. Which could be a good idea, he certainly seems legit. But at the same time, you are basically putting your financial future in the hands of someone you’ve probably never even met.
I’m not saying that makes it a scam or not worth it.
I’m just saying that (logically) there is risk involved in this. So, whatever you decide, I personally think it’s worth educating yourself instead of just blindly following someone.
How Do “Dividend Payouts” Work Anyway?
According to the company website, Lifetime Financial Report is all about investing in high paying dividend stocks. This is a real way to invest and can potentially be very profitable.
A dividend stock is a stock that makes an annual or quarterly payment to it’s shareholders. Basically, when the company you invest in does well, you earn more money via dividend payments.
So the idea is to pick the right companies with the strongest growth. And this is where Zach and LIR comes into play. You apparently get “insider secrets” about which are the best stocks to go for.
I found a useful video that talks about stock dividends if you want to learn more:
Who Is Zachery Scheidt and St. Paul Research?
Zachery Scheidt is an investing professional and the author of Big Book of Income and LIR. He publishes numerous investment publications for Agora Financial.
According to his site (zachscheidt.com), he’s a former hedge fund manager, professional investor, writer and speaker. Basically, the story goes that he made lots of money for rich people over the years and was tired of just making the “big guys” rich. So he decided to use his expert knowledge of investing to help everyday investors make more money.
How does Agora Financial and St. Paul Research fit into all of this?
Agora Financial is a well-known financial publisher and was the company who originally published Lifetime Income Report. However, it appears as though recently (as I write this update in July 2020), both the Big Book of Income and Lifetime Income Report are being published by a new company, called St. Paul Research, which Agora Financial owns.
And to make matters even more confusing, Agora Financial is itself owned by a company called Agora, Inc. So there’s a hierarchy of companies here:
- Agora, Inc.
- Agora Financia
- St. Paul Research, LLC
Other financial publishing companies owned by Agora, Inc. include Banyan Hill Publishing and Money Map Press. Both of which publish some very popular newsletters within the finance and investing world.
Is Lifetime Income Report a Scam?
Lifetime Income Report isn’t a scam.
With the help of St. Paul Research, Zach Scheidt provides a real monthly newsletter service that shows you how to invest in the stock market. Specifically, he shows you how to find companies that pay high dividends and how to save and invest in other ways.
I wouldn’t expect to just get rich overnight though, and you should know that, as with any type of investing, there are risks involved. Even with the guidance of an investing guru like Zach, there are no guarantees you’ll make money.
In fact, it’s even possible you could end up losing money if a given investment doesn’t go according to plan. And since millions of people lose money speculating in the stock market each year, that is more than just a far flung possibility.
Either way I don’t consider it a scam and it could be something you find really helpful if you want to invest in the stock market. Just don’t go into it expecting to get rich quick.