Welcome to my Real Estate Retirement Plan review! (Also known as RE Retirement Plan.)
It's such a nice idea to think about investing in real estate as a way to supplement your retirement.
And perhaps this plan will teach us the exact steps to do that.
That would be nice, right?
The problem is:
This plan isn't what it seems.
It isn't about the type of real estate you're thinking of
Let's dig into this Real Estate Retirement Plan review and see what it IS actually about.
Tired of disappointing or scammy products?
I've got ya covered!
Real Estate Retirement Plan Summary
Product: Real Estate Retirement Plan
Owner(s): Rick M. (A pen name)
Good For: No one unless you love to spend your money for no good reason.
What is Real Estate Retirement Plan?
According to the sales page of Real Estate Retirement Plan, this is the video that retirement planners don't want you to watch. Why would retirement planners care if you watch this or not? Who knows, but it makes it sound secretive, I suppose.
The sales video starts off by instilling a little fear into you...
You've done everything right, but you still may not have enough money for retirement. How are you going to be able to afford your current lifestyle when you stop working?
Rick tells us that he's not a financial advisor, he just wants to show us how he makes his money work for him. He says he's the President and CEO of one of the top investment firms in the United States.
But, I'm positive this is just a fabrication. I can't imagine a CEO of a top investment firm making some cheesy internet marketing video in his spare time.
The entire sales video is about investing in real estate. As in, actual buildings.
This is such a trick.
This product is nothing about that.
How do I know?
I'll show you in a minute.
The video goes on to say that for $97, you'll get some great talks from this CEO, and your own investment advisor. In fact, paying for Rick's coaching services would cost you $5000. He's trying to say that the price of this program is a steal.
Meanwhile, "steal" is a decent term. But not because this program is inexpensive.
It'll cost you alright.
How Does Real Estate Retirement Plan Work?
This might be one of my favorite slides in the whole presentation.
That's not too confident is it?
There's a reason for that.
Their disclaimer (which I actually find really interesting) shows a survey that they did and how people performed. It shows how many people did the training, how many people are paid customers versus free customers (free customers?? I'll get back to this in a minute) and whether or not people are making money with this.
Yes, I'll get back to that too.
It does show that most people do not take advantage of using their advisor for help and advice. (And there's probably a reason for that.)
What's most interesting about this product is this:
From what I know, My Ecom Club doesn't have anything to do with real estate investing (unless they're branching out). Instead, this is all about setting up online stores.
From what I know, My Ecom Club is a membership site that teaches people how to set up e-commerce stores. So, this product isn't about investing in real estate in the traditional sense, but more of investing in online real estate. (I guess? Although, that's a bit of a stretch.)
That makes this sales video really, really shady and not at all what it seems.
Is Real Estate Retirement Plan a Scam or Legit?
I haven't invested the $97 to check things out for myself so I'm not going to call this a scam because I don't know 100% for sure. However, I think it's really scammy to tell people you'll be teaching them about real estate investing and then sending them off to a membership site to learn about e-commerce.
Not only that, but I've seen My Ecom Club many, many times before. I'll talk about that in a second.
Real Estate Retirement Plan Review - Pros
- You *might* be able to get your money back
- I'm sure there is some sort of training, but likely not on actual real estate investing
Real Estate Retirement Plan Review - Cons
- Using a fake product owner name AND saying he's a CEO and President of a top investment firm
- Saying this product is about real estate investing when it's VERY likely not
- Saying you can be set up for retirement when their disclaimer clearly shows that people make very little money with this
My Ecom Club
This site is likely just a site set up to funnel you into My Ecom Club. We've seen this so many times already. Check out the following reviews to see the many times this has already happened:
- Ecom Cash Code Review
- Click and Flip Review
- Discover the Plan Review
- Business Brat Review
- Fresh Money Miracle Review
- Biz Building Blocks Review
I saw another one too called Broke Dishwasher, but I didn't take the time to review it. My Ecom Club sites are keeping me VERY busy!
My Ecom Club Complaints
I check the Better Business Bureau out with every product that goes into My Ecom Club because there seem to be quite a few complaints. Here's a brand spankin' new one:
From what I can piece together from the complaints and from other research I've done, it looks like what happens is that you buy a product like RE Retirement Plan, then your advisor contacts you and they try to upgrade you on higher-priced training.
Here's where the issues start.
First of all, your advisor isn't there to help you make more money. They are there to sell you into the high-ticket offers. The other problem is that, from other complaints I've seen, it's hard to get your money back.
Now you saw that most people make less than $500 using this. But I bet those people spent way more than $500 to get their store up and running.
I'd advise you to save your money on this one.
You Can Easily Build Your Own Online Assets
I actually like the idea of having your own online assets. Create websites and monetizing them ARE assets, believe it or not.
If you learn how to build a site, and use affiliate marketing, ads, or other means of monetization, you can then build them up to bring in consistent money, or you can even sell them for a nice profit.
Is it easy?
Yes and no.
It's easy to get trained on what you need to do to build your sites up. The harder part is sticking it out through the waiting period of when your site actually starts to make consistent income.
This can take several months. (Unless you use paid advertising. Then you can get faster results, but it's a little riskier since you'll be spending some money on your ads and there are no guarantees that they'll work.)
Here's my #1 recommendation to learn how to create these sites. This is where I learned how to put this site together.
Will Real Estate Retirement Plan set you up for your future retirement?
I think we've established that no, no it will not.
It doesn't even seem to be about actual real estate investing. It's more about online real estate investing. Except it's not. It's training to teach you how to set up an online store. But the training prices get higher and higher as your "advisor" convinces you that you need more and more.
With my #1 recommendation, there are no "advisors" to convince you to upgrade your training because there are no upgrades except from free membership to paid membership.
And with the paid membership, there are no "levels", so you never have to worry about having to pay for better training or tools. You get everything with one fair price.
Do you have any questions or comments about this Real Estate Retirement Plan review, or about My Ecom Club? What do you think about building online assets? Do you think it's something that seems feasible and makes sense to do for future earnings?