Lifetime Income Report Review (Legit Investment Service or Scam?)

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%
Big Book of Income by Zachery Scheidt

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:

Scarcity timer for Big Book of Income

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.

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):

LIR subscription contents including Big Book of Income
LIR subscription contents including Big Book of Income

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 (, 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.

17 thoughts on “Lifetime Income Report Review (Legit Investment Service or Scam?)”

  1. Happy New Year and I pray that The good Lord JESUS blesses you and your family. I never write comments but I just so happened to come across your post after Googling Lifetime Income Reports and then spoke with a customer service representative from Agora Financial because I looked at my bank statement and seen where they took out $63.94 twice for the Income Report.

    Anyways I just asked for a total refund and I just went to my online banking app to get the right amount of $money that was deducted anyways they returned one of the $63.00 deductions for the subscription. Anyways I came across your post and read quite a bit of it and some people’s comments and decided to take the time that I really don’t have to tell you thank you for your time and effort to inform (give a heads up) on this issue concerning the Big book of Income and the news letter.

    This is a damn good reason that I don’t usually comment because I just can’t get to the point with out going into some major drawn out shit. But once again thank you very much.? you’ve got my email if you have any advice on how to make some money or to just not lose the $ money that I have being I’m single, 58 and only have a $ 1,000.00 a month income. For the first time in September I invested money into Pot stocks it was only $ 125.00 but to me that’s alot so that’s why I buy into some of these potential scams.

    Because I’m not getting any younger and I don’t want to rely on a man to take care of me. And trust me I have nothing against men, I truly love ? them but I had to face it. That I can’t pick out a man I’m not in denial about that. It’s just after four husbands I got that revelation. GOD’S going to have to pick the next one out. HE doesn’t make mistakes like I do. I just hope that HE sees fit to give me one. But in the meantime I’ve got to get serious about making some $ money because $1,000.00 a month is bullshit. But I’m grateful don’t get me wrong because I can’t swing a hammer ? anymore due to disabilities. So see how I go on and on. If you have the time to email me some inside information that you know of to help a lady out I would love ? you to death. You know that that’s just a saying. But it means that I would greatly appreciate it. Once again thank you.

    • Hi Regena,

      Thanks for commenting and I’m glad you found the review helpful!

      I don’t really recommend anything that promises to help you make money online quickly or easily. Because most often these are scams.

      What I recommend is a business model called affiliate marketing, which is earning commissions for promoting other peoples products/ services. It does take work and time to get into profit but it works and it’s something anyone can do, even on a shoestring budget. In fact, you can even get rolling for zero dollars.

      If you want to learn more, then go to this page.

      Hope this helps and all the best going forward 🙂

      P.S I hope you don’t mind but I inserted some spaces in your comment because it makes it easier for people to read.

  2. No idea how you got my name, but it doesn’t matter because I have absolutely no interest in nor need for Lifetime Income Report. Haven’t had a share of stock for 18 years and have no intention of purchasing any so please remove me from your mailing list.

    [address removed for privacy reasons]

    • Hi Caleb,

      You will want to contact the company itself (Agora Financial) to get this taken care of. I removed your contact info because you don’t want your name and address listed on a public site, because spammers could use that to start spamming you.

      All the best with it.

  3. I was watching Zachary’s sales
    Pitch on my email. Thank you for
    Keeping a lot of from falling into
    His “clutches”. It sounded too good
    To be true, but I was caught up in
    The other books ie. senior deals or discounts.. you kept me from making a big mistake. Thank you.

  4. I Am So Happy I Googled Zachary Scheidt.Not only did I learn of some jail time, but I was lucky enough to find this article. I’m one of those that Never planned for the later years & I have been looking for easy,not huge investment with some profit{not travel world, buy boats retirement }just enough to avoid living in my kids basement for Golden Years.
    So Thank You Affiliate UnGuru. Your review saved me a Huge argument with my Husband… And massive headache.

  5. What is the number to call to cancel l the $99.00 payment when we don’t want to subscrib? I looked all over but cannot find this number to call and cancel l . I want to cancel l .Thanks

  6. Thank you for this review. I was just listening to the sales pitch from Zach from an email I received and decided to google it to see if anyone knew anything about Zach and/or Agora. Now I know and I’m thankful for it. No LIR for me.

  7. About the big book of income, it may have some good strategies, I haven’t read it all. But the old adage “it takes money to make money” aplies here. These are mostly options for people who already have a lot of money to show them how to make more. There is nothing for the little guy, that’s me, who only has a few hundred in savings. If you have big bucks to invest be sure to careful research on this advice.

  8. How can I find securities that pay ‘qualified dividends’ before investing? I put those having qualified dividends in taxable accounts and those with nonqualified in tax deferred accounts.
    I lost the link to a website that did that.
    Thank you for your help.

  9. Has anybody read “The Big Book of Income” and has tested the validity of the contents inside?? Not asking for any specifics, it would be nice though, just looking for an overall review or any comments from people who have read this book whether you’ve tested any strategies within or not.

  10. Thank you for your research into this type of shady investments. I got HOOKED! NOW, HOW DO I UNSUBSCRIBE AND CANCEL?

    • Hi Stephen, glad you found the review helpful.

      You will need to contact the company to request a refund, which is Agora Financial.


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