Today I received an email that led me to a webinar called “Secrets of the Wealthy”. The webinar is on a site run by “coach Matt and Orlando” who claim to be “millionaire dollar earners”.
Apparently, they want to help you make $1,500 to $10,500 commissions with a “top secret wealth system” that does everything for you.
Sounds exciting, but I was immediately skeptical.
Not just because of the “get rich quick” claims. But because I recognised this site from my 2018 review of Leveraged Breakthrough System. Some of the details have changed, like the domain name and what they’re calling the system. But it’s the same old scam.
And it’s probably one of the worst scams I’ve ever come across. Mostly because of the cost of joining the system, which is over $21,000. And the fact that the “products” are really just cheap PLR ebooks you can buy for next to nothing elsewhere.
I don’t expect you to just take my word for it though. So in this review, I am going to show you what this system is about, how it works and why I believe it’s a scam.
Note: This review is NOT about Grant Cardones webinar, which is also called Secrets of the Wealthy. Grant is a respected entrepreneur who provides real value to people. I wanted to clear this up before proceeding, to avoid confusion.
What Is Secrets of the Wealthy?
Secrets of the Wealthy is the name of a webinar that introduces you to an online money making system. One that costs between $3,000 to $21,000 (plus admin fees) to join. And one that can apparently make you large sums of money on autopilot.
As a paying member, you do get some digital information products. But the more important aspect is that you qualify to earn commissions recruiting others into the same system.
The higher level you join at, the more money you can make by recruiting people into the same system. The commissions range from $1,500 to $10,500 per sale.
Anyways, the “webinar” isn’t even a real webinar. It’s just a regular sales video.
A video that starts with a bunch of testimonials from people who say they’ve generated $10,000’s with the system. And from there, basically talks about how easy it’ll be to start making 5 and 6 figures per month online within a short period of time.
Once you watch the video, the next step is to scroll down and watch the FAQ video.
This is a video where Matt and Orlando answer some questions about how the system works and show you the different ways you can pay for the system:
The final step is to call the “24/7 Success Coach Hotline” to get your business started. Who you speak to, depends on who your coach is. Which depends on which site you land on. My coaches were Matt & Orlando but yours could be someone else.
In any case, this phone call is not about “coaching” you to success.
It’s about getting you to fork out as much money as possible. Because your “coach” is really more of a “skilled phone sales person”. Who’s sole purpose is convincing you to “buy in” at the highest level membership. Which costs up to $21,847.
And if you do buy, they make a commission off of you.
Who’s Running the Show?
There is no information on the website about who owns or runs this program. And the website domains they use are all registered anonymously.
So nobody knows for sure who actually owns or runs this system.
This information is kept hidden.
What we do know, is that there are multiple versions of this same exact site. And each version is represented by a different “success coach”.
As I said earlier, the coaches on the site I landed on were “Matt and Orlando”. Who seem to be among the more popular coaches. But there are many others. I’ve seen other sites run by coach Marc, Brian, Josh, Kevin… you get the point.
And to be clear, these not actual business coaches. These are people who have joined the system, and who want you to buy into the same system, so they can profit off of you.
Anyway, I checked the site to see if maybe their “terms” or “privacy” pages provide any information about who they are. Which is when I discovered these pages don’t exist!
This a major red flag folks. And it gets much worse.
How This System Works
The way this system works is similar to a pyramid scheme. Because you pay money to join, just for the right to recruit others into the very same scheme.
Here’s how it works in a nutshell:
- You “buy in” a given “level” ($3,000 to $21,000).
- You recruit others who buy into the same system
- They recruit others who buy into the same system
The whole thing is one big recruiting scheme.
You do get some digital information products (ebooks) for your money, which some will argue makes it legit. It doesn’t. Especially considering that they’re not worth anywhere near that sort of money. And yes, I can and will prove this to you shortly.
Anyway, here are the membership levels you can join at:
- Gold Level: $3,000 (plus a $247 admin fee).
- Platinum Level: $7,000 (plus a $447 admin fee).
- Diamond Level: $14,000 (plus a $647 admin fee).
- Ultra Royal Level: $21,000 (plus a $847 admin fee).
As you can see, the membership levels cost between $3,247 and $21,847 all up. And you will be encouraged to buy in at the highest level by your coach.
Because he or she will make more money off of you when you do. And the reason they will give you, is that you can make more money when you start recruiting people.
Which is true.
Because the “level” you purchase, directly determines how much money you can make when you recruit others. The system pays 50% commissions on whatever membership level your recruits purchases. As long as you’ve bought that level yourself.
For example: if you purchase a Gold Level membership, and someone you recruit purchases the Diamond Level membership, you miss out on that commission.
Here’s a breakdown of the commissions at each level:
- Gold Level: $1,500 commissions on Gold Level recruits.
- Platinum Level: $3,500 commissions on Platinum Level recruits.
- Diamond Level: $7,000 commissions on Diamond Level recruits.
- Ultra Royal Level: $10,500 commissions on Ultra Royal Level recruits.
To sum it up: This system is all about recruiting. The idea is to buy in at the highest possible level, and recruit others who do the same. And you must buy whatever “level” you want to promote. Which makes this a “pay to play”, chain recruiting system.
Are The Products Really Worth $21K?
It goes without saying that there’s nothing wrong with selling high priced products. As long as these products are promoted ethically and are actually worth the money, good and well.
But that’s not what’s going on here. Not even close.
They say they’re in the “multi-billion dollar e-learning business”. And that as a member, you will be reselling these products to others. As if you’re going to be running a legit business.
But this is simply not the case. Nobody is going to be buying these products from you. Especially not for the ridiculous prices they are charging
How do I know this?
Because these “products” are nothing more than cheap, generic PLR products that anyone can buy for less than $10 each.
PLR stands for “private label rights”. And PLR products are products created by someone that you can buy and sell as your own. And in most cases, people give these away for free. Because they are often outdated, generic, re-hashed material that isn’t worth buying.
Here’s a screenshot of two products that come with the “Ultra Royal” level:
If you’re a beginner to the online money making world, you might think these are great digital information products. And that maybe they can justify the $21,847 price tag.
Nope. As I said, these are cheap PLR products.
The first one costs $7.99 and the second one costs $5. And for that price, you get “master resale rights” which means you can even sell these if you want:
Let that sink in for a moment.
They are charging you $10,000’s for generic content you can buy for next to nothing.
Anyone who buys into this system after seeing what I just showed you, either likes throwing money away, or is only buying to earn recruitment commissions.
Aside from those PLR ebooks, you get a replicated website to promote this system. The same one I’m reviewing. And some pre-written emails to spam people with.
None of this is worth even the Gold Level membership.
The reality is, these products are simply “thrown in” to make the system look legit. And the only reason they cost so much, is to facilitate higher recruitment commissions.
Why This Business Model Is Flawed
High ticket money making systems are not new to the online world. There have been many, far more popular, systems that have come and gone over the years.
For example, MOBE and Digital Altitude were very similar. They were just more popular and generally of a higher quality. And both were shut down by the FTC for fraud.
The truth is, this high ticket, pay to play, chain recruitment based business model is not legitimate. And it always fails the majority of people in the long run.
This is because the whole thing is about recruiting, rather than selling quality products at a fair price. Which is what makes it so unsustainable.
Eventually, these schemes are shut down. Or they fall apart on their own, once the buzz dies off and people stop joining the system. Which is more often the case.
Especially when everyone is promoting the same “done for you” sales funnels. And using the same traffic sources as every other member.
Which brings me to another reason this business model sucks.
Not only are you paying insane amounts of money to participate in this scheme, but you need to pay for traffic. Because as an affiliate of this system, your main job is sending traffic (AKA visitors) to your replicated website.
Which can cost you an absolute fortune if you’re not careful.
Paid traffic is great if you know what you’re doing. But in this case, you aren’t getting any tangible, up-to-date training on getting traffic. You are getting some generic ebooks.
Which means you’re going to be blindly following whatever your “coach” tells you to do. And once you’ve upgraded all the way, that’s about where the “coaching” stops.
Either way, those who make money with systems like this, are those with the biggest budgets and who know how to sell people over the phone. Not to mention, those who in my opinion have no conscience at all. Because they’re selling you into a scam.
Smoke and Mirrors
Other than profit, the people running this scam have two main goals:
- Make it nearly impossible for you to find real reviews.
- Keep the scam running for as long as possible.
- Make it virtually impossible for you to get a refund.
Did you notice that they don’t actually name the program?
Instead, they use generic terms like “top secret wealth system” or “secrets of the wealthy” or some other random, generic name to describe the system.
And even if they do use a distinct name, like “Leveraged Breakthrough System”, they don’t use it for long. Once enough negative reviews are published, they switch it up again.
Think about it. If you don’t even know the name of the program, how can you find a review of it? You simply don’t know what to search for in Google.
And that’s exactly what they’re banking on.
Even if this review ranks for “Secrets of the Wealthy”, only a small percentage of people will find it. Because it’s not even the name of the program itself, it’s just what they call the webinar. And they could change that at any time.
See how shifty this crap is?
They even use random generic domain names like “member.builders” and “logintosystem.com” on the sites they use to promote the system.
I also found 2019Freedom.com, which ScamFnance.com recently reviewed. This is yet another domain coach Matt & Orlando have been using to promote this system.
Anyway, they play these games to make it hard for you to find reviews and to keep the scam running for as long as possible.
Not to mention, it makes it near impossible for you to get your money back. Because you can’t even identify the company behind this crap.
Good luck getting your money back from “coach Matt”!
Summing It Up
My opinion is that Secrets of the Wealthy (or whatever they want to call it) is a scam. There is absolutely nothing legitimate about this.
For starters, the products are grossly overpriced.
I cannot overstate this enough. These are generic PDF guides that you could buy yourself, for a fraction of the price. And in my opinion they won’t help you make money, because they are outdated. You’d literally learn more by reading a good blog.
Which brings me to my second point, the whole thing is about chain recruitment.
When people pay $10,000’s to join, they are (knowingly or unknowingly) paying for the right to recruit others into the same system. Which is exactly how “pay to play” pyramid schemes work. And sooner or later, recruiting scams either fall apart or get shut down.
The only reason this scam has gone on for as long as it has, is because the people behind it are constantly switching things up to fly under the radar.
It is theoretically possible to earn money with a system like this. But those who make the most money, are those who recruit the most people. And they do so off the back of those who lose. In some cases, those who lose a lot.
Whichever way you look at it, eventually these schemes fall apart or are shutdown. So by joining, you are doing yourself and those you recruit a huge disservice.
I absolutely do not recommend this.
Is There a Better Alternative?
Yes. There are far more ethical, lower cost, more profitable and longer term ways to earn money online. You definitely do not need to join a recruiting scheme to be successful.
For example, you could learn how to do affiliate marketing for free.
Affiliate marketing is legitimate business model that allows you to earn commissions promoting real products from real companies. Companies like Amazon, Best Buy, Etsy, ClickBank and many, many others, all have free affiliate programs.
And there are millions of quality products you can promote.
It does take time and effort to get into profit. I won’t sugar coat it. But when you learn real skills to build a real business, you can build something of substance that can last you a lifetime. And something that can generate profit for you, well after “systems” like this come unstuck.
Whatever you decide, I hope you found this review helpful.