Lifetime Income Report – Scam or Legit Investment Subscription?

I came across Lifetime Income Report while reviewing Income On Demand a while back.

The same guy, Zachery Scheidt, publishes both of these ‘advisory newsletters’ for Agora Financial. So I thought I’d take a closer look to see how this publication stacks up.

In a nutshell, Lifetime Income Report is a monthly investment newsletter about investing in high yield stock dividends.

The sales pitch presents it as an easy way to make BIG money. But nothing is ever that simple and there is more to the story.

Read on to see what it’s all about…

The Big Book of Income (the pre-sales pitch)

The Big Book of Income is a sales tool Agora Financial uses to promote the Lifetime Income Report. There may be some value in it’s contents, but this is it’s primary purpose.

The book supposedly contains “47 income secrets” that wealthy people use to grow their income and wealth automatically.

Here’s some of the “secrets” you supposedly learn in the book…

• Making extra money from Social Security
• Earning 12 times more interest from your savings account
• Collecting a rare 7% gold dividend no one knows about
• Making $35 per hour while “walking on the beach”

The most powerful secret of all has to do with a “social security loophole”. On page 149 you are supposedly shown how to exploit this loophole to pull in large profits for retirement.

The Big Book of Income was written by Zach Scheidt who publishes numerous investment publications for Agora Financial. In short, he’s a former hedge fund manager who decided he was sick of making the ‘big guys’ rich. So he does this to help the everyday investors make more money. Something like that anyway.

He certainly sounds like a legit guy when you read his profile, and someone who knows his stuff.

Anyways, the book itself may contain some useful info. I haven’t read it so I can’t say for sure if it’s legit. One thing I can say, is that it’s HIGHLY unlikely it’ll live up to some of the ridiculous hype claims in the sales pitch.

And yes, it IS a sales pitch…

Here’s a Free Book- But You’ve Gotta Pay Postage!

I normally wouldn’t elaborate on what is essentially a ‘lead magnet’ for the core product. But I think in this case it will help you understand what this company is about. Some of the tactics they use to sell their publications.

First and foremost, I want to emphasise that the Big Book of Income is not free.

To even download the Big Book of Income, you must agree to receive a hard copy. Which means paying the $4.95 shipping and handling fee. There’s no other way around it.

Why on earth do you need to receive the hard cover anyway?

Good question. And there are two main reasons for this as I will now explain.

First of all, they want you to commit to buying something from them (even if it’s just postage). In sales and marketing, this is about getting the customer to perform a ‘small commitment’. Which (verifiably) makes that customer WAY more likely to purchase more stuff from you later on.

This is exactly how Agora operates. It’s their game plan.

They get people in at a low price point, and then the upselling begins. Some of their programs run well into the thousands of dollars.

Second, paying for “P&H” means giving Agora your credit card details. And in doing so, you’re agreeing to a future charge of $99 to be subscribed to Lifetime Income Report.

You must cancel this subscription before 30 days or your card will be charged.

So this is a clever tactic to increase sales. Because rather than the customer making another buying decision, all the need to do is “nothing” and Agora gets paid.

Make no mistake- these people are VERY clever in how they market their products. But they also (in my opinion) use quite sneaky and use unethical tactics to drive up sales.

Reserve Your Book Now- Only 450 Copies Left…

One claim Zach makes on the sales page, is that there’s “only 450 copies available”. This is absolutely not true at all.

Agora Financial’s SOLE purpose is selling as many subscriptions to Lifetime Income Report as possible. And then upselling you into more and more products once you’re a member.

Let’s be real for a moment. Their sole objective is profit.

Since the Big Book of Income is the primary way they’re funnelling people into buying LIR, there’s no way there are limiting anything. And even if they are limiting copies of the Big Book of Income, it’ll only be replaced by something else that serves the same purpose. Selling their publications.

Anyways, in the world of marketing, this is known as fake scarcity.

The reason marketers use this trick, is because people signup at a much higher rate when something is ‘limited’. Either quantity or time scarcity.

To show you what I mean, they use the same trick on the LIR order page. This is the one you see when you go straight to the Agora Financial website (they have multiple order pages).

You can still order when that timer runs out. And when you refresh that page, it starts over. So this is a completely fake countdown timer.

Unfortunately, this kind of BS works. And it’s something I see a LOT of scammers doing. Scarcity can be used ethically but in this case it’s 100% fake.

It makes me wonder why they’re resorting to such tactics if the underlying program is legit?

Summing Up Big Book Of Income (AKA Big Bait and Switch)

In some respects, the “Big Book of Income” is more like the “Big Bait and Switch”.

Don’t get me wrong, there may be some good material within it’s pages. Absolutely. I haven’t read it myself so I can’t comment on it’s contents. But more than likely, it’s a book full of generic ‘investment tips’ you could find for free online.

In any case, it’s true purpose is to get you to signup for Lifetime Income Report. So if you do decide to ‘reserve’ your book, you’ll be taken to a custom checkout page for Lifetime Income Report.

What Is The Lifetime Income Report?

The Lifetime Income Report is a monthly investment newsletter written by Zachery Scheidt, an employee of Agora Financial.

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 the United States.

Or as Zach puts it in the Big Book of Income sales letter…

Lifetime Income Report gives you the inside scoop on how to collect income like the rich – putting you far ahead of everyone else – regardless of your current financial situation, no matter who’s in the White House, and whether the stock market goes up, down or sideways.

He says it’s like having a “full team of financial researchers by your side” and it will give you the “kind of carefree retirement you want and deserve”.

Pretty bold claims.

In any case, the idea is you subscribe to Lifetime Income Report and get tips on how to make money investing. The price is $99 per year which is very affordable considering what you are supposedly getting access to.

So for that price it’s not a huge risk. Especially since you can try it before paying the $99 upfront.

As for how much money you need to invest to make this work… that’s another story.

Zach does not disclose upfront how much money you need to invest into his strategies. So I spent time sifting through reviews and comments from people who’ve bought LIR. And it seems you may need substantial capital to invest.

Here’s a couple of reviews from customers on stockgumshoe.com…

As you can see, they’re not very happy. But the part of their comment I want to point out is how they say you need around $85k to make this work. If that’s true, it’s really something they should be telling people.

After all, Zach says you can “collect income like the rich… regardless of your current financial situation” with LIR.

That being said. I can’t say for sure how much you need since I didn’t buy into this. So I recommend doing your due diligence here to learn what you really need before investing in anything.

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…

Verdict- Is Lifetime Income Report a Scam?

Whether or not Lifetime Income Report is a scam depends on how you look at it.

One one hand, the way Agora markets the subscription is less than ethical in my opinion. Some of the tactics they use involve quite a bit of hype and are simply not what I’d consider legitimate. All in the name of selling more publications.

This type of marketing does not give investors a realistic picture of what to expect.

That being said, the actual subscription itself may not be a scam. I chose not to buy it so I can’t say for sure how legit it is, or isn’t. Judging by the comments from people who have bought LIR, I have my doubts. There’s also a lot of complaints about Agora Financial in general. Which I go over in more detail in my review of Income on Demand (see link at top of page).

What you decide to do is up to you. Hopefully this review helps you make a more informed decision either way.