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  1. #1

    Building Wealth Institute

    I just got a letter in the mail from Building Wealth Institute offering a book and DVD for 9.95 . Is this just another scam, any info will be appriciated !



    Here is the number 888 433-7731

  2. #2

    Re: Building Wealth Institute

    i oredered the cd and it seemed feasible but then you had to call the 888 # and you get a salesman who asks you a bunch of questions before he hits you up for a few thousand dollars. so i dont know about these guys.

  3. #3
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Building Wealth Institute

    SCAM!! I think their owner also owns BrightBuilders. Huge scam.

  4. #4
    Join Date
    Dec 2004
    Location
    Pacific NW
    Posts
    19

    Re: Building Wealth Institute

    Try reading the reports at Ripoff:
    http://www.ripoffreport.com/view/asp?id=128349.

  5. #5

    Re: Building Wealth Institute

    nothing came up when i clicked on the link to the ripoff report. when i went on ripoff report i searched for the building wealth institute and nothing came up. how do you know these guys are a scam?

  6. #6
    Join Date
    Jun 2006
    Posts
    3,120

    Re: Building Wealth Institute

    Quote Originally Posted by mac5856212
    nothing came up when i clicked on the link to the ripoff report. when i went on ripoff report i searched for the building wealth institute and nothing came up. how do you know these guys are a scam?
    It is from the same guy who started Bright Builders scam. Once a scammer, always a scammer.

  7. #7
    Join Date
    Dec 2004
    Location
    Pacific NW
    Posts
    19

    Re: Building Wealth Institute

    I apologize to all those who tried to go to RipOffReport.com

    After you hit the link, go to the Search Tab at the top of the page and enter "building wealth institute" in the search bar. I forgot to include that info.

  8. #8
    Join Date
    Sep 2006
    Posts
    3

    Re: Building Wealth Institute

    I too bought this CD and I was really excited about how I could make all this money with little or no investment and than I called the 1888 number and I got a salesman that says you have to pay a couple thousand dollars so they can assist you, and for your paper work, bla bla bla.... I took notes on the video and what they tell you on the phone totally contradicts it in the aspect of no money needed to get started....however if anyone does pay the couple grand, I almost did, but I'd rather someone else make this mistake, so tell me if it has worked for you?

  9. #9

    Re: Building Wealth Institute

    I bought their DVD and "book" (which is just a little stapled-together-and-folded thing that slips inside the plastic DVD case) for the $10 deal, and watched the video. I was thinking this might be legitimate, until I got a follow-up call from the office...

    It was a guy who seemed like he was calling to check up on me with some ounce of genuine concern, but all he was interested in was selling me on something, I could tell right away. I remember when military recruiters called when I was in high school, the code phrase to get them to quit calling was, "I have asthma." The code phrase that apparently worked on this retard was, "I'm not sellable." From there he used clever wordplay to essentially insult my financial prowess, tried to lay the smackdown on my way of living, and snuck in a few jabs about how I apparent don't know what the fingersandwich I am doing. He claimed they were looking for people who were actually interested in doing the work (translation: suckers who will send them money) but, and maybe this is just me, but wouldn't the sample work that I could send in COUNT as a good faith effort, rather than actually paying them something? If they can cut me a percentage of a big profit margin, wouldn't the profit they get off my leads be more than enough to cover those expenses? By requiring money up front, they're essentially saying, "We don't trust you, but give us money and we might accept you into our fold," which, and this may just be me again, seems like overt bribery.

    The fact that their website, under the 'contact us' page, cites the same number with a different extension -- leads me to believe that I would always have to deal with a salesman, regardless of what my question is. A salesman cannot be a go-to source for actual information, because it is always spun around into questions that require you to answer, "yes, you're right" (building credibility for their argument and establishing a perception that they know what they're talking about) such as, "Don't you want to live how you would like to?". So they could technically answer anything, and make you believe it because they are so overly charismatic that you buckle under his incredible guise of actual friendliness. If they were actually interested in signing me on, they would tell me where to send sample leads, offer me some sort of contact method that is non-salespitch related, and observe by the very fact that I am actually sending in samples as a basis to consider trusting my efforts as legitimate. But instead, they're like, pay us up front first. Uh, no thanks buckwheat.

  10. #10

    Re: Building Wealth Institute

    You might also notice what I found on the Boise Idaho (their base office location)'s Better Business Bureau site:

    "NATURE OF BUSINESS

    According to information provided to the Better Business Bureau, Building Wealth Institute sells a money making opportunity that teaches individuals how to profit from bad debt.
    The initial cost of the program is $9.95 for a DVD and informational material on how to get started in the program. A representative follows up with a phone call to discuss the programs which includes training and additional materials. Customers have reported that the costs associated with the additional programs are as high as $20,000.00. In order to begin the program the company representatives request immediate payment either by credit or check.

    The company has claimed they have been in business for 19 years, although paperwork filled out by the company states they have been in operations since August 2004. This is verified by the Nevada Secretary of State filing date of August 9, 2004. The company has stated to us that the program itself has been around for 19 years, not the company."

  11. #11
    Join Date
    Oct 2006
    Posts
    5

    Re: Building Wealth Institute

    yea ripoffreport.com has a great article on it!

  12. #12

    Re: Building Wealth Institute/Brightbuilders

    You guys talking about Brightbuilders? BIGGEST SCAM in the World today!

  13. #13
    Join Date
    Oct 2007
    Posts
    154

    Re: Building Wealth Institute

    It's a scam because they charge money.

  14. #14

    Bright Builders and Internet Logistics ARE Scams

    Never fall into this biggest scam!! They will talk to you as if they care about you, then as soon as they get your money..they will call you names and will threaten you of harassment if you try to ask questions and specially if you try to get your money back !!
    They promise and guarantee one hundred percent success and support, that is just one of their DECEPTIVE selling pitches!!!!

  15. #15

    Re: Building Wealth Institute

    Quote Originally Posted by LittleDigit View Post
    Try reading the reports at Ripoff:
    http://www.ripoffreport.com/view/asp?id=128349.
    I can not provide you with the link to the actual report on Robert Allen and the Creating Wealth Institute. I was about to go to this seminar this morning but decided to dig a little first since I personally have been to too many of these type events and put too much money into them.

    For the purpose of warning everyone I have copied the text from Ripoff Report below:

    I have spent a great deal of time checking out Robert Allen and the companies that surround him so I think that this is fairly accurate. I have attended training events, wealth retreats, made lots of telephone calls, and have had a few friends double check me and make a lot of contacts to do it. At events that we were at in person, we have talked to other people there and talked to the employees and later the telephone sales people. Sometimes we let them think that we wanted to work for Robert Allen and it was easier to get them to talk after we mentioned some behind the scenes stuff.

    This all started after I heard Robert Allen, believed him, invested in his training, then started getting bombarded by emails and phone calls. Something did not seem right so I wanted to find out what was behind the smile. It has taken a lot of time to get this so here is what I found out.

    Robert Allen lets other companies use his name (and pay him a lot of money yearly) to attract, sell and train people the Robert Allen Way. He does not select the trainers, salespeople or even look at the training materials. Now he says that his calling is to teach people about inner wealth. Guess he already got our outer wealth.

    Robert Allen Institute also known as Creating Wealth is a company in Florida. They do training seminars all over the country and Canada. They also show and sell JG Banks and Carlton Sheets stuff along with other programs. They have everything from software to membership levels where you can give them money monthly for the rest of you life if you want. They have sales quota's for the live training sales people. Comforting to know that they expect to average a certain dollar amount per head for everyone that is there. Must have a good and proven flashy show to do that, huh? They do a lot of newspaper advertisemants. They are good at selling you something and say that is all you need, then go to what you paid for and have them convince you that you need to spend a whole lot more money to be successful. After all you have already spent money, don't want to waste that do you? What a country!

    Enlightened Millionair Institute is under Tom Painter. They do trainings and have the big wealth retreats. Wealth Retreats are where they do a few million dollars of business in 5 days and Robert Allen shows up for only a day or two. They have their business partners sell there programs at the Wealth Retreats too. BIG BUCKS. They get the excitement going then sell, sell, sell. Also under Tom Painter is a sales office where they sell by telephone. They sell coaching programs and the some other programs. They have lots of people who use to work for other real estate big shots like Russ Whitney, Ron Legrand, Carlton Sheets and others. The sales office is in Salt Lake City where a lot of other real estate telephone sales offices are. They also have live (really just recordings) training calls with Robert Allen where he gets you excited, you call in, and they sell you. Slick. Oh, this sales office also sells for Ron Legrand and others. I guess Robert Allen and Tom Painter have the smooth salespeople so why not sell other stuff too? I heard this about Tom Painter top two people in his company; one can't keep his thing in his pants (poor wifey), and the other is very over weight and covered in gold and diamonds. I see why they need to sell stuff. Robert Allen may stop by there once a year and pat them on the back for making so much money.

    Prosper learning is where they sell Robert Allen coaching programs and a ton of other programs for a lot of other people. They have a lot of young people and a revolving door on employees. High pressure sales are the standard approach. Prosper changed there name from PMG because they had ethics issues. The Robert Allen programs are in real estate, stock market and other stuff. They get most of there sales from there internet web sites. They sell and do coaching for other real estate big shots besides Robert Allen. Tom Painters office is in the bottom floor of Prospers building. Robert Allen has said that he hates Prosper because of people coming up to him at events and complaining of there Prosper coaching experience. Tom Painter keeps the relationship with Prosper because he makes a lot of money from them. Sweet.

    I have found that all three of these companies will spam the devil out of you (don't forget the phone calls!!) to try and sell their own ?Robert Allen? stuff and on top of that the training materials are not the same! They have there own coaches and the training materials are different. I heard that one of them took the coaching materials from another company, put Robert Allen's name in, took the other companies name out, and printed the stuff up as Robert Allen's own. The sheep won't know.

    Well I could go on but I have satisfied my curiosity. Do they have successful (besides themselves) clients? Of course they aren't stupid. You can even throw enough stuff at Teflon and some sticks. I have spent a lot of time and effort (and MONEY) coming to these opinions. I know that the real estate business is not all bad and there are a few great training companies out there. I kind of feel like the fish that saw the pretty lure (Robert Allen) and got hooked by someone controlling the line. Funny thing is that this same pretty lure can look different and still the line is controlled by someone in a different boat. I think all three companies are driven solely by greed, after all they have a smooth talker in front that makes you feel like he cares. After all Robert Allen is a very, very religious guy, right? Don't believe us then ask him. That makes it easy to slip a hand in you wallet. Smart. Look past the pretty lure to see what is on the other end of the line before you bite!

    a guy
    somewhere in, Texas
    U.S.A.

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