Gold Nuggets

How to Turn a Gold Nugget Into a Turd by Listening to a Self Proclaimed Guru

I’ve got a friend and student who I’ve been “working” with for over a year now. Trouble is, he can’t get “out of his own way”. Regardless of the “golden” advice he gets, he can’t seem to “pull it all together”. Don’t get me wrong, he’s done some good deals over the past year and made some money…just not as much as he would if he would follow one system instead of trying to follow several.

See, he tries to follow my system and then complicates it with what other trainers tell him, too. Unfortunately, this is the recipe for turning a golden nugget into a turd. The weird part is that he follows my system, makes money, then tries to reinvent it…loses money, comes back to my system, makes money, tries to reinvent the system, loses money again and then repeats the process.

Now, the definition of insanity is doing the same thing over and over and expecting a different result. I assume you can see that what this guy is doing fits the definition of insanity quite well.

Anyways, for over a year I’ve been telling him that time is money and he wastes far too much time. I’m constantly on him about wasting time driving around looking at houses that are never going to turn out to be deals. I almost never look at houses, yet I make more money than most investors. I have a system for screening deals without driving out to look at them.

So today the student calls me and I asked him what he’s doing. His response was “uh…I’m driving out to take a look at a house that I’m thinking about doing a short sale on”. I just chuckled because I’m used to this type of stupidity and asked him why. He said that “I listened to a short sale course that a friend of mine had the other day and the teacher said I should drive out and look at each prospective house”.

I can’t think of a bigger waste of time! Drive across town to look at a house that you don’t even know IF you want to work a short sale on. He had no clue if the owner would be interested in a short sale, no clue if the bank would, no clue about much of anything other than he heard a guru tell him he should drive out to the house and THEN negotiate with the seller!

It’s an incredible waste of time, yet many guru’s have their students driving around looking at houses just like this one on a daily basis.

Unfortunately, there’s a lot of unqualified, self proclaimed real estate guru’s out there these days. Be VERY careful about who you take advice from.

I was casually looking over a forum post the other day and came across a post from a new investor who asked about a deal he was considering. Almost immediately, a self proclaimed “rental” guru answered the beginners post. He told the new investor, in a VERY authoritative tone, that he shouldn’t even be considering doing a deal until he has gone out and looked at least 100 houses in the area. What stupid advice!

And the best part is that the advice came from a guy who sells an e-book on a couple of the big real estate investing online communities. For giggles I decided to look at some of his other pieces of advice and most turned out to be about as dumb as the 100 houses one. I guess it’s true that in the land of the blind, the one eyed man is king!

As a real estate student, you should know that just because someone sells an e-book or course on a subject, it doesn’t make them an expert. It just means that there is a hungry audience for a topic and that person has thrown something together to make himself some money. The online communities which sell those products get paid to sell them, so don’t think that they screen what the “gurus” are offering. If it sells, they will sell it…period.

So, as always, be very careful about where you get your real estate advice and who you get it from.

About the Author

Sean Flanagan went from dead broke, living off Ramen Noodles and selling used pallets from the roadside for $20 a day, to a self made real estate multimillionaire in under 2 years time. He now shares his secrets with thousands of students across the country.
He has a FREE audio course titled 7 Secrets to Making Big Bucks in a Slow Real Estate Market which you can get right now by quickly visiting http://www.Yuckyhousetraining.com. He also gives away a coaching program for new real estate investors where he offers a risk free trial to prove to new real estate investors how much money they can make with his program at http://www.Yuckyhousetraining.com.

1100 oz of gold nuggets.AVI

100/0.01g Digital Pocket Scale Gram, Ounce, Carat, Grain $14.45 High quality strain gauge load cell system makes it accurate in full capacity range. High density ABS housing and metal support makes it very durable. Large high contrast LCD display makes the readouts clear to read. TARE function makes it much easier to weigh liquid or powder. Attractive blue back lit used in dark. User can switch off the back lit to save power. Crystal clear cover can be also us…

Nugget Cup $5.95 The Nugget Cup is made of heavy duty ABS plastic and built to take a beating. I first saw a “nugget retrieval cup” used in Quartszite, Arizona and was convinced after using one myself, that is was the fastest and simplest way to isolate a tiny piece of gold that I had ever seen. The procedure is similar to using a tray. Once you have localized the nugget in a portion of soil, scoop it into the cu…

CLEAR, GLASS BOTTLES, , 10 , MINI BOTTLES, with , 10 , CORKS, BOTTLE, is, about 2. TALL x .9 WIDE, .3id, opening, .5od. acrost, Top, Holds about, 10ml., .37ozs., 3. drams, 10cc., $11.99 CLEAR, GLASS BOTTLES , 10 , MINIATURE STORAGE BOTTLES, with , 10 , CORKS, BOTTLE, is, about 2.” TALL x .9″ WIDE, or, 52.mm TALL x 22.mm acrost, .3″id, opening, .5″od. or, 7.mm id., opening, 13.mm, acrost, Top, Holds about, 10ml., .37ozs., 3. drams, 10cc., , 10 , BOTTLES, with , 10 , corks, for small quantities, of items, Great Storage Containers, for, Gold Nuggets, Necklace, bottle, has unlimited …

Learn to Make Gold Nugget Jewelry *** LEARN TO MAKE BEAUTIFUL GOLD NUGGET JEWELRY WITH STEP BY STEP INSTRUCTION FROM PAUL J. BADALI. GEMOLOGIST, TEACHER, MINER, GOLDSMITH, AND AUTHOR OF NUMEROUS ARTICLES, PAUL J. BADALI SHARES HIS 15 YEARS OF EXPERIENCE AND TRADE SECRETS AS HE TAECHES YOU HOW TO: MAKE GOLD NUGGET NECKLACES, EARRINGS, TIE TACKS, BRACELETS, RINGS, AND MORE!, SELECT GOLD NUGGETS SUITABLE FOR VARIOUS JEWELRY PROJECTS,…

600 Gram Digital Scale, Electronic Balance, over 20 Ounces $14.99 The design, precision, and reliability of this scale makes it the perfect accessory for all types of hobbyists. Whether you enjoy metal detecting, scuba diving for shipwreck treasures, mining for gemstones, or collecting scrap gold, you will find this model to be a perfect tool for weighing precious metals, jewels, and other treasures. The large steel platform and durable, clear plastic expansion …

Molded Wood Toilet Seat in Nugget Gold $16.31 M-63 Features: -Toilet seat.-Material: Wood.-Solid molded seat.-Durable.-Stain resistant.-For standard size toilets.-Easy to clean.-Easy to install. Color/Finish: -Nugget gold finish. Dimensions: -Overall dimensions: 15.5” H x 14” W. Warranty: -Manufacturer provides 30 days replacement warranty….

10 Amber Glass Bottles, With, 10 Corks, $14.99 Amber Bottles, Glass Bottles, Brown, Glass, Jugs, Bottles, New, Amber Glass, Small, Amber Glasses, Mini, Bottle, Storage Bottles , 10 , Mini Bottles, and , 10 , corks, Mini Bottle, is, Small, 3.62″ Tall X 2.0″ Across, Bottles, Corks, The, Amber, Bottle, Has Unlimited Uses. Great, For, Doll Houses, Nice, Storage, Container, For, Small Quantities, of Items, Great Storage, Containers, For, Gold Nug…

TLC 5X Space Explorer Bullet Vibe Vibrator $14.26 This high powered bullet is equipped with pulsation and vibration. It has intermittent pulsation, rapid pulsation, turbo pulsation, rhythmic vibration, and mega vibration! This is for erogenous zone sexploration! You must be at least 18 years or older to purchase this item. The purchase of this item is prohibited by law in the states of Alabama and Utah….

Penthouse Secrets Collection Golden Nugget 5X Body Massager $16.26 andquot;Featuring 5 functions of pulsation and vibration in a giga-powered Love Bullet for erogenous zone sexploration. Uses one 9V battery, included.andquot;…

Belle Noel Glam Rock Hair Comb $45.00 If your hair is your crowning glory and you are looking for an original adornment, we offer Belle Noel’s Glam Rock Hair Comb. It would suit romantic heroines from Jane Austen’s Lizzie Bennett to Twilight’s Bella. Five palladium-plated strands of chain in graduated sizes attach to clips that fasten in to your hair. Each of the clips features nugget-textured metal combined with a swirl that is smoot…