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.
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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.
Please I do really appreciate this detailed explanation.Thanks so much a nbn d mb at God bless you.
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.
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.
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.
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
Hi David,
Not sure what the number is but your best bet is to visit the Agora Financial website and check out their contact page: agorafinancial.com/contact-us
The site says for service to call 855-638-5892.
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.
Glad you found the review helpful and thanks for commenting.
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.
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.
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.
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.