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Heard of Impact Networth, or NetWorth Solutions?
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Author:  ohein57 [ 23 Jul 2009, 20:32 ]
Post subject:  Heard of Impact Networth, or NetWorth Solutions?
Anyone ever heard of Networth Solutions & James Catledge?

I'm taking a look at it from the inside, I'll keep you informed.

They apparently mentor and teach families how to build Net Worth, managing cashflow etc,...No outrageuous fees, so far, they don't pitch, & it is NOT about "the deal". The focus is Education so far.

They're not MLM, they lean more towards Direct Sales; Part of the process is getting an insurance license as well as a Real Estate license, saving, investing etc...

I've been "Googling" em, and doing some due diligence, so far so good. Anyone know anything about them, pro or con, both barrels, please. i insist.

Thanks in advance!
Author:  borisf97 [ 23 Jul 2009, 20:33 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
From his videos sounds like another big scheme/scam. Phrases like "proven system", "coach-able", "easy to follow" and of cause no information on what actually they are selling. All videos are only hype and full of congratulations to "successful students".

OK. I am listening his "lecture"/recruiting speech.

James wants to invest in risky real estate and securities in emerging markets because rich do it. Nice. Now he wants to recruit financial advisers to advice families in financial peril to invest in risky real estate deals. Double nice. Now he is preaching financial prudence. Damn, where is fast forward button? Do I have to watch an hour of blaming current financial system? OK, in the end of second part he "explained" that the only way to be financially successful is to recruit others in this scheme and teach them how to invest in risky real estate(because rich do it). And another lecture about not living in debt. Now he has epiphany that real estate taxes are tax deductible and difference between taxable tax deferred. OK he said that you should invest in tax friendly investment(I presume he means real estate). At the very end he promises possible $600K part time a year just for blindly following "the system".

Honestly I do not see anything different from typical real estate mentoring scheme. I just wonder what kind of entry fees they were asking after "lecture" ended and do they facilitate real estate "investments"? And how risky they are?

Quote:
They're not MLM, they lean more towards Direct Sales; Part of the process is getting an insurance license as well as a Real Estate license, saving, investing etc...


I think they are MLM. He had members and none-members in the audience. I see only one reason for this. Members brought potential recruits to put them in their downlines with help of "lecture" from James.
Author:  ohein57 [ 23 Jul 2009, 20:34 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
Thanks for your input.

Was this the first you'd heard of them?

Are there any programs you would recommend, boris?
Author:  borisf97 [ 23 Jul 2009, 20:35 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
Yes this is first time I heard of them. And I do not recommend any "programs" or "systems". I find 100% of them to be waste of money and 90% outright scams. You have to be extremely well connected or extremely lucky to make money in them.

Especially you have to be careful with real estate and "financial education" schemes. They usually will cost you the most money of all schemes. Majority of real estate schemes are also illegal.
Author:  Shiplady [ 23 Jul 2009, 20:42 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
I have worked with Impact Networth (now Networth Solutions) for 2 years. It is not a product driven company! The focus is on education that may or may not at some point lead to recommendations of stratagies for the client. This is the point where stratagy partners pay commissions. It is NOT A ONE SIZE FITS ALL COMPANY!. Each client is unique.
There is an opportunity to "recruit" new members to the company, but the only incentive to do so is the hope that they will have clients that need changes or investments in the future. There is no renumeration for hiring. There is also no logical way of going staight to a product without completing the process. This would be counter-productive to the mission of the company of helping families creat net worth and would lead to a very short term career.
There are people in the company working very hard and making a LOT of money, but most work part time (10+) hours per week and make a couple of thousand dollars a month to add to their families wealth. It is entirely up to you how much time and effort you want to invest and the results will reflect this effort.
Networth Solutions and James Catledge are family oriented and there are "systems" in place that give you as much help as you need to be successful. It really is a unique business model which he has built from almost 20 years in the industry.
**** Even if you have no intention of having the advantages of a home-based business--it would be well worth your time (there is no other investment required) to get the education you can use to make you and your family more comfortable with the complex world of personal economics.

Anyone wanting more information can call me and leave a message. I will get back to you promptly.
Ina
(877) 728-7004
Author:  SavvvyLady [ 23 Jul 2009, 20:44 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
This outfit is a total scam-o-rama! Yes, the whole thing starts out innocently enough, trying to help families build wealth, but the sales associates are trained to encourage you to invest cash for which they will promise a steady return of 8 to 10%, which is "guananteed".

Once you are invested, they move in for the kill -- pressuring you to buy condohotels in the Dominican Republic -- which are actually no more than timeshares. They will promise you that the values are appreciating so quickly in the condohotels that you will be able to retire and live off the income. You will receive an international debit card and from that, you will live on the wealth you have accumulated from your vast condohotel holdings!

They will encourage you to mortgage your house up to the hilt to buy the "condohotel". If you buy one, you will be pressured to buy another. Extremely high pressure tactics, "this deal won't last, these are going fast!", etc., etc.

This outfit has been sued in Idaho, you can read the settlement online, it's quite easy to find.

This is an incredibly cheesy operation with third rate people involved who operate on the edges of society. James Catledge? He has been sued in Nevada and doesn't even have any licenses to do business in Nevada or anywhere else. He's easy enough to research online. He has been implicated in life insurance scams.

As far as I know, the sales associates are not even college educated people who are qualified to give financial advice. But they are happy to advise you to give all yoru money to them!

The sales force is just comprised of working stiffs who are uknowingly participating in a pyramid scheme. They earn huge commissons from the "services" they sell. You can see them receiving large commission checks on some of the company's website pages -- if they haven't been removed already. Do you really think they have your best interests at heart?

With Impact Networth, there is no There There. So please don't go there!

How do I know all of this? I have heard the sales pitch first-hand and a very good friend of mine has been victimized. That's all I can say for now.
Author:  Shiplady [ 23 Jul 2009, 20:54 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
I am surprised at the closed minedness of some people--without firsthand experience. I've been involved with the Networth Solutions for a while and have only good things to say. I can assure you (from first hand experience) that James does not have an evil eye and does what he does because he wants to help and sees the need. I is already very successful and certainly doesn't have to work as hard as he does helping people. I suggest that before you make a judgement you do a little more homework! This is an education we all need and you can have it for free! What more could you want.
Ina
Author:  ohein57 [ 23 Jul 2009, 21:15 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
Quote:
I am surprised at the closed minedness of some people--without firsthand experience. I've been involved with the Networth Solutions for a while and have only good things to say. I can assure you (from first hand experience) that James does not have an evil eye and does what he does because he wants to help and sees the need. I is already very successful and certainly doesn't have to work as hard as he does helping people. I suggest that before you make a judgement you do a little more homework! This is an education we all need and you can have it for free! What more could you want.
Ina

Hi Ina, thanks for posting.

Q-What more could I want?

A-To learn what I need to know from NS at home.

Honestly, both my wife and I felt the "cult vibe" when attending several of their meetings, and quite honestly wish they made their training available to the field online so that you don't have to attend the meetiings at their facilities.

I do understand that they want people to be exposed to the field leaders etc... edification is good to a certain extent. I'd just rather learn it at home. I wish they offered their education to the field at home as well.

I don't want to create another rat race trying to get out of the one I'm already in! I want to work & study at home!

Also the 'gosolo' communication system they hook you up to for $50.00 a month wasn't even close to being worth it. I dropped it after the first month. I thought that it was the tool they used for educating the field. It was only for communicating easily with your organization, not field training. For $50.00 a month, without an organization, there was NO value there for me at all.

I know they're aware of technology like gotomeeting etc, which would make training in the field a breeze, but they want people to be exposed to each other & the leaders of the field for 'edification' etc...I could, quite frankly, care less. They keep harping on about getting out to those training sessions though.

I'll pass on their "free" training, unless I can get it at home.

JMHO
Author:  Shiplady [ 23 Jul 2009, 21:18 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
I can understand your frustration. We do use go to meeting for some training, have a very extensive book list and can use both go solo and weekly agency calls for training. There really is a lot of "at home" training. You will however get the best trand will continue to do so.ining by sitting in on the CNA's with your clients. That's where the nuts and bolts come in. With out the CNA's your study will just take a little longer and be more frustrating. Re: the toolbox--since the company upgraded in January, I agree that the toolbox hasn't been a very strong tool, but it is now and getting better. Lots of growing pains this year. Call Cabezud and voice your frustrations--he will help you and is a terrific role model. Email me directly with your phone # and we can talk about this some more.
Author:  borisf97 [ 23 Jul 2009, 21:20 ]
Post subject:  Re: Heard of Impact Networth, or NetWorth Solutions?
ohein57 wrote:
Honestly, both my wife and I felt the "cult vibe" when attending several of their meetings

I told you at the beginning that something was wrong with them just from watching their recruitment video.

And if main "product" is to get your money to invest in real estate in DR and other developing places, why the whole mess with constant meetings with your "team"/"leaders"? Is it necessary to coerce you into signing a check? I also believe that the whole Insurance/Assessment education is just a cover. Earlier or later they will push you for that big check.
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