FraudThey review the contract during the sales call, then ask you to sign a contract that includes additional clauses waiving your rights. Specifically, they include a waiver of the refund policy, even though that was a major selling point, and they did not mention this additional clause.They eventually agreed to issue a refund, but would only do so if I signed a Non-Disclosure Agreement. They insist this has been a standard part of their refund policy for over 20 years. If this is true, that explains why they don’t have more negative reviews. This would also be fraudulent as the contract and their advertising about their refund policy never mention this requirement.ServiceDuring my year of coaching, I had 5 different coaches. At no point did any of them give me instructions for how to do my first flip. Even when I asked for them. All the coaches were at best ignorant, several were downright hostile.Email and other communication consistently went unanswered, or the response was just that they were not going to answer the question. Meetings with the coaches showed they understood very little. One didn’t know there was a difference between Whole Life Insurance and Indexed Universal Life Insurance. Two others made mathematically false claims which they doubled down on when challenged. They also did not know which vendors were in their recommended vendor network, or that they even had vendors for certain services.ProductTheir core product is the flips. They claim to have other benefits, but after interacting with 6 different coaches, I am confident they don’t do anything else.They sell the flips on a lot of false claims. It is possible to borrow at a higher rate of interest than you are investing in and still make a profit, but there still needs to be a certain relationship between those interest rates.The logic is that you are paying the loan down faster, so it is a higher rate on a lower average balance. So, the total interest paid over the term of the loan is less than the total interest earned during that time because the lower interest rate is on a higher average balance. This does work if the difference in interest rates is not too large.Their advertising makes it sound like the difference in interest rates doesn’t matter at all, and twice people from the company claimed it would even work if you didn’t earn any interest at all. This is false. You can prove this out with basic skills in any spreadsheet program. Same with their patented calculator, it is nothing you could not simulate in Excel.In some situations, the flips could be a good tool, but you can open a Prosper or Groundfloor account and do this on your own without their “help”. I have also found that you can do the same strategy by getting a car loan to buy a Turo rental and placing it with a cohost, and the returns are higher.
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Tardus Wealth Strategies is an A+ BBB rated, full-service financial education and coaching firm that specializes in the Income Snowball system and has helped thousands of people reach their financial goals over their 20 years in business. The Income Snowball helps people create enough passive income that they are “work optional” in an average of 5 to 10 years. Tardus coaches teach people of every economic status the fundamentals of due diligence, risk tolerance, investment and vendor selection, and how to achieve their goals more efficiently and with less risk. The patented Income Snowball Calculator accurately forecasts the date clients will reach their income and debt pay off goals.See more
