It’s hard not to want a better life while standing on a crammed subway during rush hour. Between the transit delays and the people smells, I must be doing it wrong. OK, I’m totally doing it wrong — I paid a full adult fare and I still didn’t get a seat.
Then I see the sign — it’s a subway ad for the Bitcoin and Real Estate Wealth Expo. For a one-time fee of fifty bucks, a panel of celebrity millionaires will teach me how to get rich, fast.
The line up is money: Sylvester Stallone offers knockout life strategies (like Rocky), Alex Rodriguez shares his game-changing winning ways (minus the steroids), and Pitbull will explain how to go from negative to positive (in a song). I’m pumped.
As a personal finance journalist with a 10-year history of writing, speaking, and TV-ing sound ways to help you manage your money, I couldn’t pass on the opportunity to learn faster ways to build wealth. My method takes time — to succeed you must cut costs, put money aside, and live below your means. I’m tired of my current means. I want big houses (also called mansions), luxury cars (known as “Not the Subway”), and a big enough passive income to hire small enough rappers to actively serenade me about my incredible wealth.
“Change your mindset. Learn. Become a MILLIONAIRE.”
The advertisement makes it sound so easy. What could go wrong?
I am at the Real Estate Bitcoin Wealth Expo. What am I going to learn here? pic.twitter.com/apObj7j1so
— Kerry K. Taylor (@squawkfox) April 7, 2018
I arrive at 9:30AM with my VIP Expo Pass hanging around my neck like a noose. I thought I had a priority ticket but it turns out everyone here is a VIP. Kudos, everyone!
I also discovered the event started at 7AM. Since the conference didn’t post a speaker’s schedule — I emailed several times for one — I missed Manjit Minhas, of Dragons’ Den fame, keynoting on “pursing your passion”. She founded a $137 million brewery business, so I’m guessing her passion is booze.
I’m already bummed. Not only did I miss a limited edition female panelist (only 17% of the event’s speakers are women), but I’m starting to think organizers don’t want us to know how to navigate this event.
No worries. I’m here in time to win some Bitcoin. Maybe.
I didn’t win the $1,000 worth of Bitcoin. But I’m about to learn about the “Bitcoin Strategy”
Not sure how to contribute bitcoin to my RRSP or TFSA. pic.twitter.com/wqYwi9WLZf
— Kerry K. Taylor (@squawkfox) April 7, 2018
Speaker: “Bitcoin is the greatest form of money ever invented.”
“It is based on neck tattoos.”
Because if you tattoo something on your body you trust it. pic.twitter.com/2vGe19S4Gl
— Kerry K. Taylor (@squawkfox) April 7, 2018
Bitcoin has more “moneyness” then other forms of currency.
Speaker: “If someone can’t explain it to you, you probably shouldn’t get into it.”
Me: 👀 Waiting for them to explain cryptokitties. pic.twitter.com/j0eowk3mVb
— Kerry K. Taylor (@squawkfox) April 7, 2018
I still don’t know how to spend, invest, save Bitcoin. I don’t think the speaker knows either, but he does know a place where I can buy Bitcoin. I’m taking a hard pass on Bitcoin neck tattoos and wondering how Bitcoin boasts more “moneyness” than cowry shells, USD, and Starbucks Cards.
If you know, please tell me. OK, let’s play ball with Shark Tank’s Alex Rodriguez.
Hold onto your panties, people. Are you ready? pic.twitter.com/dPipzCjS5D
— Kerry K. Taylor (@squawkfox) April 7, 2018
Tweet your business idea to AROD for a Shark Tank style one-on-one.
Crowds like his rags to riches story. pic.twitter.com/3zA5DX2h4C
— Kerry K. Taylor (@squawkfox) April 7, 2018
A Rod is taking questions.
Crowd Question: “Are hockey and baseball related?”
AROD: They are related because they are sports.
NEXT! pic.twitter.com/eA4N8wyI5h
— Kerry K. Taylor (@squawkfox) April 7, 2018
A-Rod isn’t exactly a profound speaker, but he’s big and takes up a lot of stage space. I feel richer just being in his presence.
The crowd is restless, we need a break. So let’s build wealth like they do on Wall Street, by dancing for it.
It’s dance party time. The top mover gets the money in a suitcase.
ARE YOU READY? pic.twitter.com/HQgxh3SHvs
— Kerry K. Taylor (@squawkfox) April 7, 2018
Every investor knows that winning money stored in a suitcase is one of the four pillars of investing. But to really make money I need something less physical, more mental.
The missing puzzle piece to millions is… hypnosis.
We are learning how to use persuasion with the power of hypnosis. This is a drug free strategy.
“It’s good for the economy. Everybody wins.” pic.twitter.com/4CfiOhZpQq
— Kerry K. Taylor (@squawkfox) April 7, 2018
This event is all about giving FOMO. 🤑
— Kerry K. Taylor (@squawkfox) April 7, 2018
The Fear of Missing Out (FOMO) plays big at the Bitcoin and Real Estate Wealth Expo. All the so-called “big money-making opportunities” have time limits and windows open for payment. The financial courses cost between $99USD to $2,500USD — so making a quick decision to “invest” in a course is how the expo gets you to part with your cash, fast.
There’s no time to reflect. They only want “investors” who are “motivated winners”, no reflective losers. I’m motivated to throw up. Time for some levity.
Are you ready Toronto?
“The biggest room is the room for improvement” pic.twitter.com/BKWNVD9E5E— Kerry K. Taylor (@squawkfox) April 7, 2018
Pit Bull is comparing the cocaine business to entrepreneurship. pic.twitter.com/ZHkiF14lR5
— Kerry K. Taylor (@squawkfox) April 7, 2018
Pitbull is telling us how life works. With platforms. And narcissism.
I wish Pitbull would just sing.
— Kerry K. Taylor (@squawkfox) April 7, 2018
Pitbull keeps name dropping Tony Robbins as inspiration. I guess he’s not in tune with the news? pic.twitter.com/ZWpvph6zHg
— Kerry K. Taylor (@squawkfox) April 7, 2018
Pitbull is telling us he should have bought Napster.
Can someone tell him about Metallica?
— Kerry K. Taylor (@squawkfox) April 7, 2018
Are we in a real estate bubble?
Don’t stop the party. pic.twitter.com/00DZKNpu4b
— Kerry K. Taylor (@squawkfox) April 7, 2018
The Real Estate Wealth and Bitcoin Expo just turned into a MuchMusic video dance party. pic.twitter.com/3NGRZf1zTK
— Kerry K. Taylor (@squawkfox) April 7, 2018
I have my ThunderStix ready.
Are you ready?A renowned real estate investor and bitcoin master is next, Sylvester Stallone. pic.twitter.com/bcaeiHRil9
— Kerry K. Taylor (@squawkfox) April 7, 2018
This is my first pair of ThunderStix. I’m hoping to use them for something constructive, like hitting myself repeatedly for attending this event. But I need to make it through another “investing course” before I get to see Sylvester Stallone speak. I’m gonna do this!
While waiting for Rocky, here are a few tweets I missed adding to the thread. From earlier. pic.twitter.com/VmXmvwcLA7
— Kerry K. Taylor (@squawkfox) April 7, 2018
— Kerry K. Taylor (@squawkfox) April 7, 2018
— Kerry K. Taylor (@squawkfox) April 7, 2018
I went for coffee to refuel, and now I’m staring at arrows dancing across a graph on a screen. I’m a big fan of building a balanced portfolio through ETFs or index funds using The Couch Potato strategy, so to me deciding how to invest my hard-earned money by following dancing arrows feels like gambling.
The Couch Potato Portfolio is an investment strategy that keeps costs low by building a diversified portfolio of index funds. Many Nobel laureates have recommended indexing as a way to build wealth.
This is a “tool set” for buying and selling stocks.
Three red arrows: SELL
Three green arrows: BUY“Don’t lose money, that’s the rule.” pic.twitter.com/edzNbteYpW
— Kerry K. Taylor (@squawkfox) April 7, 2018
Step #1: Thinking
Step #2: DoingSpeaker is selling a $1,200 course on buying and selling stocks. Then it’s a $2,500 a month fee to use the “tool set”.
Then you’ll be rich and can buy lawnmowers and swim with sharks. pic.twitter.com/yvJwhkuggZ
— Kerry K. Taylor (@squawkfox) April 7, 2018
The course price just dropped to $99.
“If you don’t love it you get your money back.”
It pays to be motivated. Look at the return! pic.twitter.com/q4yndy6Jon
— Kerry K. Taylor (@squawkfox) April 7, 2018
THERE IS FINE PRINT!!!
“The experience described is not necessarily indicative of the results other investors may expect to achieve. Results will vary.” pic.twitter.com/6APQK0IUhy
— Kerry K. Taylor (@squawkfox) April 7, 2018
So people are buying the course. I want to yell “NOOOOO”
Please learn about The Couch Potato Portfolio. https://t.co/SsaY9Ec6Eb
— Kerry K. Taylor (@squawkfox) April 7, 2018
Ok, time for Rocky!
Get ready to climb some steps with Sly. pic.twitter.com/xj2E1vfet1
— Kerry K. Taylor (@squawkfox) April 7, 2018
Sly is on stage to deliver a speech about real estate.
He must be good with bitcoin too because the crowd is losing it. pic.twitter.com/Yb1OzZVg3z
— Kerry K. Taylor (@squawkfox) April 7, 2018
Sly says his mouth is “crooked” because he was delivered with forceps. He also mentions his speech impediment.
What makes him different makes him memorable, he says.
This is a fun speech. Probably because no bitcoin selling.
— Kerry K. Taylor (@squawkfox) April 7, 2018
“I was always the guy with the snarl. I was the thug,” says Sly.
ME: Does he know where he is? pic.twitter.com/RmaroK4MEX
— Kerry K. Taylor (@squawkfox) April 7, 2018
“Rocky just wanted a chance to fail. You’re not all gonna hit a double, but you’re still in the game,” says Sly.
He was so poor he sold his dog. Then he sold the Rocky screenplay. They didn’t want him to act, so he battled to get the job. He faced his fear.
“I’m made for this!”
— Kerry K. Taylor (@squawkfox) April 7, 2018
“I hated Arnold Schwarzenegger. I dreamed of ways to beat him up. I didn’t want him to succeed. Fuck him.”
“Everyone needs an advisary,” he says. Arnold pushed Rocky, I mean Sly, to be better.
— Kerry K. Taylor (@squawkfox) April 7, 2018
“Money can’t buy you happiness. Money enables you to be the schmuck you were born to be.” Sly pic.twitter.com/M6feuTdA59
— Kerry K. Taylor (@squawkfox) April 7, 2018
Before I end with Stallone, a few motivational money-making quotes I missed because gobsmacked.
Don't waste time, act now: "Don't be a cow, be a kangaroo. Hop to it."
When selling financial courses: "Don't bring someone negative, don't don't bring that girl."
— Kerry K. Taylor (@squawkfox) April 8, 2018
Question to a panelist: What is your number ONE secret to success?
Panelist: "Go look in the mirror, lift up your shirt. Now look at your stomach. Ask yourself, 'Are you hungry?'"
ME: I am doing this right now. I am starving. Haven't eaten all day.
— Kerry K. Taylor (@squawkfox) April 8, 2018
I am trying to get more motivated. I really am. But now I want to drink.
Sly: “You only get one life. One friggen life per person. And then it’s gone.” pic.twitter.com/aUw5C3ZDlR
— Kerry K. Taylor (@squawkfox) April 8, 2018
Stallone didn’t prepare a speech, he says. He’s gone off on a few tangents, and because I love math I’m into it.
He closes with “Keep on dancing!”
Keep on dancing, folks.
Dancing? Yes, dancing. Dancing!
“Toronto, thank you for attending the Real Estate Wealth Expo.” ❤️ pic.twitter.com/Gp3MStzd8E
— Kerry K. Taylor (@squawkfox) April 8, 2018
Themes of the day:
1. Rags to riches. EVERY keynote speaker talked of having no money, then striking it rich. Motivation, tenacity, hunger, and putting "skin in the game" made the difference.
2. You are family. Financial sellers want you to feel like you belong. Beware.
— Kerry K. Taylor (@squawkfox) April 8, 2018
3. Easy street. There's no effort, just put money down. Passive income is key.
4. FOMO. Don't miss out. "Sale ends in 10 minutes." Pressure cooker.
5. Knowledge. "It's easy. I'm telling you everything you need to know." Trust me.— Kerry K. Taylor (@squawkfox) April 8, 2018
6. Women? There were no FEMALE keynote speakers. Women were on two panels.
7. Friends. I got through this EVENT THING because Rachelle @LandlordRescue recharged my phone 3 times, brought me food, and told me to keep going. Show her love. I mean it. More love.— Kerry K. Taylor (@squawkfox) April 8, 2018
FRIENDS DON'T LET FRIENDS GO TO THE WEALTH AND BITCOIN EXPO. Help your people. Share this thread.
I've been writing and speaking and TVing about personal finance for over TEN years. Read the comments on this thread. Read my blog: https://t.co/DiyKy5AW8z
Love,
Kerry— Kerry K. Taylor (@squawkfox) April 8, 2018
I made it, and so did you. Kudos.
After 12 hours of dancing, Bitcoining, and being sold to over a loudspeaker in a massive hall, I have one final thought.
It’s important to think critically and not accept everything (or anything) a friend, family member, banker, investment advisor, or a wealth influencer tells you. If it sounds too good to be true, it probably is.
Update: I spoke to BNN about the Real Estate Wealth Expo
I went on BNN’s House Money with Greg Bonnell (@greg_bonnell) to talk about the Bitcoin Real Estate Wealth Expo. “It really concerned me that this was allowed to happen.”
Also, I brought my ThunderStix. 🙂
VIDEO: BNN: An inside look at the Bitcoin Expo
Love love love,
Kerry
Kudos to you for surviving this fiasco.
This expo should remind us of the old investing quip, “Bulls make money, bears make money, pigs get slaughtered.”
I realize that you have suffered so we can enjoy this post immensely. Thank you for that — I shall go back to my couch potato’ing now.
I just love your sense of humour. Even though I giggled while reading this post, it’s sad when you think of how many people will actually get sucked into this whole con.
LOVE your Bitcoin seminar review! Hilarious! Thanks!
I’ve loved you long time…but this! Oh poor Kerry that you had to endure this …for your readers, I appreciate you even more❤️
Thanks for taking one for the Team, Kerry.
I very seldom if ever believe these get rich con’s. As this is very similar to Amway, which a friend of mine got conned into many years ago. Keep up the good work.
You went above and beyond the call of duty for us. Your comments on this were laugh-out-loud funny but sad that some people are going to fall for this. Thanks, really enjoyed.
Always love watching you with Peter / On The Money not to mention this site directly… hilarious (yet sad and not so surprising) writeup. These events are almost predatory in their nature.
Thanks for sharing your insight – and suffering – for us all.
Thank you for enduring this seminar for us Kerry. Enjoyed reading your play-by-play commentary. Made me so thankful that I wasn’t there in person to witness all that drivel.
This was a great read! Thanks Kerry. Love your sense of humour and healthy skepticism. 👍
this is amazing. effing hilarious. keep calling out this bs capitalistic rich lie. love you squawkfox.
Listen to Warren Buffet not those guys. Just so you know if you have food in your belly ,a roof over your head and loving family and or friends ; you are wealthy. Anything else is luck because there are no guarantees in life no matter what kind of investing you do. Take some risks but be prepared with other resources or plans if pitfalls happen.Realize there is always someone worse off than you ,appreciate what you have.
Its very simple at the end. Its Pyramid Scheme 😂🤣
This is gold. Thanks for taking the hit and embracing the entertainment value of, uh. “investing”.
Kerry, I assume you were “that girl” that the audience was warned not to bring 🙂 Thank you so much for taking ?12 hours of your life that you’ll never get back to report back on this. Did you find a place afterwards where you could comfortably scream out the frustration you must have accumulated all day? Hope so. Fantastic post, I tried not to laugh out loud at the library where I’m using the free WiFi!
I really appreciate that a trust-worthy person took the time to learn what I suspected (but did not know) to be true about these events. Thanks for your hard work!
Is there a version of this article written in a format that a human could read? I would be interested in that.
Sorry, this is all I have. But I updated the post to include a video segment I did with BNN. Enjoy!
Great read thank you, I went to a Tom Vu ‘how to make money in real estate’ show back in 1985 in Toronto. I too have blogged about this. They are all the same regurgitated sales pitches. All that’s new are the pitches and bitcoin. I mean really what can Rocky teach us? I passed on attending.
I have enjoyed this review, thank you for attending so we don’t have to 🙂
Warm regards from Bucharest, Romania!
Work hard and do not buy frivolous stuff. always ask yourself every time you have or want to buy somethng:Is this item going to improve my life? Why is it important to buy?
With this simple rule you greatly increase what is left of your salary.Think of how much you have to work in order to have your savings after paying taxes. To spend frivolously is very expensive and you may have never figured it out.
Save and Save and do not expect to become rich quickly, but with time you may get there if you learn the real value of money. Most adults do not have any idea why they do not save or what to do with your savings.
Learn about investment fields and pick up stocks of old , profitable without greed and stable companies, what investors call blue chip stocks. Re-invest the profits if you want good results, and wait and wait.
This is coming to my hometown as well, honestly, its so over the top I had to look for a review. It seems Stallone is bowing out, and so is Bitcoin. I guess its ‘moment’ has passed. I guess everyone that missed out on Trump University is going to get a second chance to buy some overpriced seminars…
Wow! That’s really some nice views on a market that is volatile all the time. I have tried clubbing the real estate and crypto markets together but so far they have been flipflopping without much returns, compared to what I started with. Anyways, thanks for this great piece. Cheers.
It’s upsetting that this was allowed to happen. So many people are desperately being manipulated into debt by these Get rich quick schemes and “celebrities” telling blatant lies. Thanks for revealing and speaking the truth into this event. This is real journalism! Also…… super hilarious to follow the live tweeting.
THANK YOU SO MUCH FOR GOING TO THIS AND SHARING WITH US! YOU HAVE SAVED ME AND MANY OTHERS FROM BEING SCAMMED. #scamstopper #poopypropaganda 🤓
So….I guess you weren’t too impressed ;D. I’ve been to one of the rich dad poor dad expos – very similar scammy style. Essentially, read a book speak to wealthy people that you know but do not go to expos to learn about money!
This is hilarious! I feel bad for the other people who attended though, it seems like a scam
Your suffering was not in vain. You saved hundreds of other people from being scammed!
This was such a great read and so entertaining. Guess now I’ve seen it all!
Oh Kerry, what a hilarious, eye-opening piece. Thank you!