The Money Magnet Has Fallen
So here is something very interesting and has a connection with the subject in my last post Online Path. I have followed the success of this person for several years and bought his book, I applied the techniques in his book and had success with the deals that I did and still have the property to show for it. But the money magnet that was, has fallen.
Now the interesting part of this story is that the guy I am talking about has gone Bankrupt, from being a multi-millionaire, he is now broke. I know this is more than interesting, it is very sad, especially for the people that had invested in his company called Passive.
Let me explain in more detail… Andy Shaw wrote a book on how to make money buying below market value properties and then refinancing them and then renting them out and sitting on them, how it was explained in his book made the whole concept easy to understand and therefore easy for people to follow. Now you might think that it obviously did not work as he is now broke, but you would be wrong, it did work and it still does work and is a blueprint that I will continue to follow.
So why did he lose his money then? Well first off in my opinion, reading between the lines, his businesses got over complicated, I believe he got involved in to much and cash flow lost its importance. You see he basically broke one of his most important rules, that he stresses time and again in his book and that was cash flow. When the property market got hit by the recession, if he had kept to his own rule, he could have made his way through the down turn, but as it was his empire collapsed.
There are a lot more details involved in his downfall, but the bottom line is that he broke his own rule and set off an avalanche. The interesting thing about this is what Andy is going to do now, even though he fought with his creditors to give him a chance to pay his debts, there was one that did not want to play ball and made him bankrupt. So it was out of his hands and he indeed went bankrupt.
He may be down, but I don’t think he will be there for long. You see, he accepts that he made some mistakes and feels terrible for those that invested and lost money, he tried cushion their blow, by striking deals with the creditors, but the one that would not play ball did not allow that to happen. He has now shaken himself off and put a plan together, not only to again establish himself as a millionaire, but to help those that lost money to get it back.
This is the interesting part, Andy obviously had to shut down his old website, but has reset it up as something different. This time he has set up a membership site that is very cheap to join, the point of this site is to not only make money himself and help the members to make money, but also to pay back the people who invested and lost money. He is going to, in front of the new sites members make money. How cool is that, he will live out his rise back to being a millionaire in front of our eyes, we can follow his techniques as he goes along.
This is something that I have not come across before and takes a lot of guts. He knows that there are those that may not trust him or are angry with him, but he has not run away and hidden, he has faced up and is going to make amends. The reason this has a similar subject to my post Online Path is because Andy is a big believer in the law of attraction. He knows he has lost everything, but he knows that he can get it all back again.
If you want to watch as Andy makes money in front of your eyes, then you can find out more Details Here, it is going to be quite a journey.
I for one am not going to Miss This!
I nearly forgot you can also download a Free Audio Copy of the book I have spoken about, it is worth reading, I will continue to use this great blueprint.
