Wealth Rock Rule #1 Summit
I attended a Financial Success Summit this week, put on by Wealth Rock. It was very inspiring.
My dear husband, wanting to inspire me to greater things, took me to a ‘Power Within’ seminar. It was very good. All about being able to be whatever you want. We all have the power to accomplish any dream. My dream is to be able to make an income from home through the use of the internet.
At this seminar, I was introduced to Rule #1 investing which basically has one rule. Rule #1, do not lose money and Rule #2, remember Rule #1. I like that kind of attitude and hoped to learn more about it. So I signed up for further learning on this. I have done some stock and currency investing without much success and am very interested in learning the options trading and not ‘losing money’. Will keep you posted on this.
The next step in the process was to attend a Financial Success Summit. At this seminar, presented by Wealth Rock, I learned more about the stocks and options. Enough to make me want more, which I guess was the object of the seminar.
I also learned about having multiple streams of income. A concept that I have heard many times since I started looking for ways to earn money online. The Wealth Rock presenters included income streams from real estate and tax liens and deeds. They also presented ideas on how to keep your income after you earn it by going through some basics of asset protection.
The whole presentation was fascinating, in my opinion. I wish I had the finances to take all of the further education available from them. At this point I will only be following the stock and options portion but hopefully when I see success in this area, I will then have the funds to take more.
I really felt that Ryan Smith, Steve Sitkowski and the other presenters were great and were very interested in having us succeed in our pursuit of wealth and then in having us give and help others. For those who are able to make money, it is their opportunity to share it and make the world a better place.
Kudos to the Wealth Rock team and the presenters at the Financial Success Summit. Well done.
Filed under: Investment Opportunities
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Hi Jenny (or is it Jane?)
Inspired piece on your exploits with Hubby into the foray of finance and self-improvement. Enjoyed the subtle humor infused for your readers too.
Keep up the great writing.
Steve
Hi Jenny
You have a nice blog here, I like your header lol
Glad you enjoyed the summit and shared it with your readers!
Earning from multiple streams of income is great, all those small amounts add up in the end, so I always think it is better to have lot of small sales to start with instead of aiming for bigger ones which sometimes can be hard to achieve.
Have a great day
Pauline
Thanks for the encouragement. I totally agree that small amounts can add up. Still looking for small amounts though, lol.
These people are scam artists. I invested with them a few years back and lost everything. They promised all types of training, which I paid for and they never delivered. I don’t know who Phil Town is, but James Smith and his son Ryan Smith are just slick salesmen. James company closed over a year ago. Now Wealth Rock is closed.
Don’t buy anything from these people. They will steal your money without any concern for how hard you worked to earn it. I discovered that many of the instructors, James and Ryan included, don’t invest as they profess too. Its a big lie.
Watch out
I am allowing your opinion but also know that I differ from you. My experience has been mostly positive. They do have a fairly hefty fee for their education but I am finding what I am learning to be very beneficial. I am working on the stock and option side of the income streams and so far have done well with what I have learned. I do not regret getting involved with them.
Jenny
I recently took some of Wealth Rocks courses and was very impressed by what I learned,I then paid for a year long mentor-ship through Wealth Rock. I am now several months into the mentor-ship and everything that they have taught me has held up and not once have they left one of my questions unanswered. My experience with them has been spectacular and I fully intend to take many more of their courses in the future. This is not to say that their is no cases where people lose their money. However I would suggest that any losses taken are not as a result of Wealth Rock’s teaching but more so as a result of failure to act on the new knowledge. Yes it is pricey but it is so very worth it.
I just finished the 3 day cash flow seminar and am still impressed by Wealth Rock. I am very cautious and watching for concerns but to date have not found any. Everyone has been very helpful, I have learned a ton and am anxious to apply the lessons learned. I was just contacted about the possibility of the year long mentorship and have not heard the price yet, John10 do you have any information you can share on that?
Rob, I am glad you were impressed. So was I and I did sign up for the further rule 1 investing. I am about half way through that. The fee was a further $10,000. To be honest, I have learned quite a bit more but the most learning I have gotten has been from the Tuesday and Thursday webinars with Phil Town, Dale Z. and Joey Miller. They are really interested in teaching and getting you on track with a few good strategies. I have not been to a symposium yet but I am thinking that will be a great experience as well. I hope to attend one in December in Florida. Maybe I will see you there eh?
Jenny Wren
Jenny,
Glad to hear you are continuing on the learning path. Sounds great, I am hesitant to invest further until i fell like Ihave a good handle on what I have learned so far. Do they really do live trades in the next level that you basically can copy to increase your cash flow quickly? I am hoping you are investing in the market an making tghe kind of returns they spoke of. I am planning on attending the Orlando syhmposium so I may see you there.
Thanks,
Rob
The mentoring program has not actually given me trades to copy but rather showing what other strategies are out there, encouraging you to do some trades using the strategies but on a paper trading account. I have done paper trading for about 3 months of options and actually placed my second iron condor live trade last Monday. The first one will expire this week with the premium intact and so far it is looking good for September expiry as well. I have extrapolated the trade and reinvesting the earnings and it appears that I could likely take a $9,000 beginning account and have it reach $300,000 in 10 years and then that would provide a tidy $10,000 monthly retirement income. Not bad for just one relatively stress and risk free strategy.
I have tried day trading stocks and forex trading and both have been highly stressful for me and not very successful, I might add. I believe that continuously watching the charts gets me to emotionally involved and I make mistakes, costly mistakes. I am really liking the option strategies and the Rule 1 approach to them. I think I have found my investment niche, lol.
Good luck with your future endeavors. Let me know how you get along. I would really be interested in knowing. Thanks,
Jenny Wren
I just attended a 3 day seminar run by Ryan Smith in Boise that was called POWERUPLive. It also talked about options trading and real estate investing, and sounded very much like WealthRock rebranded. I was shocked to see the price for the indepth seminars. I was wondering if you are still having good success investing with their methods, and still feel the course work is worth it.
Thanks
Yes I am still involved with investing but as mentioned in another of my blog posts, Wealth Rock has closed its doors. Fortunately rule one investing offered to make good on the rest of the coaching I had paid for and was receiving from wealth rock, even though they had not been paid either. I am actually finding their education more beneficial and have been doing a few live trades for about 3 months and am up about 9% on my small account. I do not know what they charge for their education programs or what they have available. You can visit their site and make inquiries if you want or I could try and get the info for you. http://ruleoneinvesting.com/ I agree that the programs were rather pricey but I thought the guarantees made it worth it. Unfortunately they had money issues as in someone absconded with funds or something and they closed their doors leaving many of us without the coaching we paid for. I think I would be a little worried about signing up again. It was Ryan Smith and others that presented for wealth rock too. Good Luck. Let me know if I can help at all.
Jenny Wren
Hi Jenny! I am so happy to hear of your success with Steven Sitkowski’s trading program. I recently saw him speak at a “Pro Trader Institute” seminar in Arlington,VA. I also purchased the advanced training, and so far so good! All of the material and webinars have been impressive. In January I am attending one of his advanced courses at the Chicago Board of Equities and Options facility. I am very happy with Steve, and his coaches, all of the people that I have come in contact with from his company have been great to me. I am curious to know what happened with this other company he worked with, Wealth Rock? Does anyone know? I wonder if it is one of the business endevours he talks about when he speaks…
P.S. Steve has a Facebook
https://www.facebook.com/pages/Pro-Trader-Institute-PTI/486064308080243?ref=stream
I am not sure about what has happened with wealthrock. I few weeks ago I got an invitation to attend an asset protection seminar in Las Vegas and when I called about it, they told me that they heard that wealthrock was regrouping to start over in California. I am not sure what name they would be using now. I am just glad I got some help from rule 1.
Jenny Wren
Hello, I enjoy reading through your article post.
I wanted to write a little comment to support you.
Thankyou for your support. I continue with my education in the trading and investing market and hope to be able to share with you as I begin to have more successes. I am currently spending a fair amount of time with the Forex market. (Foreign currency). Still doing paper trading but beginning to have some positive successes.
Jenny Wren
Jenny,
Thank you for posting your progress from the strategies you have learned. Being skeptical by nature, I always like to see what other people have to say about certain products before I make a leap into something I’m totally unsure of. Are you applying the credit spread strategies that Steve Sitkowski presented while part of the James Smith Companies? (This really intrigued me a couple of years ago when I attended the 3 day seminar. Unfortunately, I was not able to participate in Steve’s program.) Thanks again Jenny, and best of success in your investing.
Bill
I have used the credit spread strategies on the Russell 2000 fairly successfully. I also learned another strategy called the 10/10 or Reverse scalping option strategy that I like even more. The only problem with it is that you never know when the opportunity will arise until that day whereas the credit spread opportunity comes every month, 45 days from expiry.
I am currently learning about Candlestick trading and Forex trading. Both I am finding very interesting and am getting ready to start using on live accounts. Will let you know how it works out.
Jenny Wren
This blog is obviously a paid for garbage blog in support of these scumbags. They are liars and theives. They basically take info that is readily available, package it and then sell the dream. They prey on the “make money quick” crowd. They take peoples money then ask for more. Once you don’t have any left, well have fun on your own. You pay 2k just to basically chat about vague strategies, then the real pitch starts. They want 10k. Then 18k. Then 30k. Then 48k. Soon you are 100k in the hole. You are literally bleeding your savings instead of growing it.
If you want info, go online for free. Don’t spend your money on these scumbag fakes. They just sell the dream by feeding you info bit by bit for large sums of money. And clearly this blog was created to bump out the other sites showing what a scam they are.
I agree that Wealth Rock turned out to be a scam but I did learn some things that have helped me and I am trading successfully on a small scale at the moment