Anybody Know Anything About The "Magnetic Client Attraction" System?

[insurance360]

A buddy of mine gave me a advertisement on The "Magenetic Client Attraction" System by Brian Kay. Anybody here have any experience with this system? It involves setting up college funds....I'm looking for any input from any agents here before I invest my money into this.....Thanks

 

[insuranceexec]

A buddy of mine gave me a advertisement on The "Magenetic Client Attraction" System by Brian Kay. Anybody here have any experience with this system? It involves setting up college funds....I'm looking for any input from any agents here before I invest my money into this.....Thanks

Setting up college funds, or helping the family find grants and scholarships?

 

[Mark]

A buddy of mine gave me a advertisement on The "Magenetic Client Attraction" System by Brian Kay. Anybody here have any experience with this system? It involves setting up college funds....I'm looking for any input from any agents here before I invest my money into this.....Thanks

How much will you have to invest?

 

[Mr. Bill]

Invest? what are you talking about? It's simply another marketing avenue/gimmick/strategy.

Look up Brian Kay, Tim Austin, Pamela Yellen, and the rest. The "original" author is really Dan Kennedy, then Jeff Paul. You can find Dan Kennedy's books at bookstores as well.

There are VERY few people who have made money off college "planning", which in the Brian Kay/Tim Austin/NACFA methodology consists of stripping out home equity (good luck with that), pretending it's deductible (you need to understand the tax laws on this), and putting the money into a whole life policy (1 or more) in order to reduce the availability of assets considered for financial aid.

Hope this helps.

 

[insuranceexec]

The program I was approached with was a friend to friend network.

A family looking for college funding would pay this group $500-$1,000 to help find scholarships and grants for their children going to college. The problem I found was that the money was non-refundable, and the program GUARANTEED they would find them more money then what was originally invested. To make a long story very short I did not participate. Maybe I missed the boat, but I think not!

 

[Mr. Bill]

The program I was approached with was a friend to friend network.

A family looking for college funding would pay this group $500-$1,000 to help find scholarships and grants for their children going to college. The problem I found was that the money was non-refundable, and the program GUARANTEED they would find them more money then what was originally invested. To make a long story very short I did not participate. Maybe I missed the boat, but I think not!

Let's start with this may be two completely separate things:

1) A scholarship/grant search - absolutely, positively NO ONE should pay one red cent for this. I am 100% serious. Most of it is FREEEEEEEEE! If you need more info on this, PM me.

2) Managing finances the Brian Kay/CA$H/NACFA and a whole host of other "ways". Again, if you need more info on this, PM me.

Based on your post, it might have been more like #1. Scam, scam scam.

 

[insuranceexec]

Well then I am glad that I did not participate. One of the first things one must learn in this business; is that if it sounds to go to be true, more than likely it is.

 

[Mark]

I just want to know how much money is insurance360 thinking about putting into this. He says before he invest his money into it.

I don't think he needs to invest any money into it. I just want to see what the scam is and how much they get from people.

 

[Mr. Bill]

I just want to know how much money is insurance360 thinking about putting into this. He says before he invest his money into it.

I don't think he needs to invest any money into it. I just want to see what the scam is and how much they get from people.

Most of the "pure" scholarship search companies charge up to $200 for what can be done for free. The "college planning" gimmicks charge $350-$3500. I went to a "special invitation" meeting at a hotel sponsored by The College Partnership (out of Colorado) and for $1500 I would be enlightened. I was lucky, I got to sit with The Speaker. I had already done my studies and was able to question him to the extent that he started to lie to me (he really didn't know what he was talking about!) Needless to say, I didn't purchase. I later saw them advertise for "additional income" for insurance agents - you can attend their weekend seminars and try to sell their sham program, and make a commission. Yep, all warm and fuzzy inside, right?

Another version:

College Planning Company Doesn't Deliver Help :: WRAL.com

 

[Charpress]

Insurance360: you seem to keep looking for a package put together by someone else that will make you money. In truth, such a thing either does not exist or searching for it will be an endless drain on your time.

The things you have brought up in this and other threads are schemes designed to make money for other people. Mr.Bill is exactly right on this. He and I have discussed every method, college, scheme, scam, scenario and stinky pile of BS out there. A good bit of this is regurgitated from somewhere else and then repackaged at least twice, if not more often.

Concentrate on building your business. Network with people you trust locally. Did you ever do anything about getting on board with a good FMO?