Report: #949037

Complaint Review: WealthRock

  • Submitted: Mon, October 01, 2012
  • Updated: Sat, December 28, 2013
  • Reported By: Phil and Anne A. — Puyallup Washington United States of America
  • WealthRock
    15 W Scenic Point Dr Suite 100
    Draper, Utah
    United States of America

WealthRock James Smith hid behind faith and blessings as a way to get our attention and take money Draper, Utah

*Consumer Comment: Don't Give Up

Show customers why they should trust your business over your competitors...

James Smith presented a motivational seminar in Seattle, WA, in July of 2011.  My husband attended and was very impressed.  Mr. Smith used faith and the blessings he'd been given as a way to get the word out about his real estate company.  

In August of 2011, we attended an M5 in Phoenix, AZ.  Here, too, we heard about blessings and faith.  We were so sure that the men and women presenting were being honest and understood our desire to work hard and reap the benefits we could while also being good stewards of any blessings we might be given through this adventure.  

Just a week before the M5, we were contacted by Wealthrock (at the time, I believe it was still called James Smith Co.) about a special mentoring program.  We were so hesitant....but the man kept talking about faith and blessings...we agreed to be mentored and paid more money than we had for the program.

The mentoring sessions did teach us things we didn't know, and we worked to put the new found information into practice, but it was very difficult.  After 12 months of trying, we called Wealthrock and asked for an extension to our contract.  They willingly gave us extra time and sessions with our mentor.  They repeated their original promise from back at the M5, "We will not leave you until you've made the money you invest in our company back."  We were still not skeptical; we truly trusted.

It's been 3 months since our mentor has called us, and he doesn't return emails.  I've emailed Wealthrock more times than I can count, and finally looked at their website today - it's closed.  A quick google search turned up my worst fears.  

I feel like an idiot, as do most of Wealthrocks customers.  But I'm especially sad that James Smith and his company used God and faith as their in.  In shouldn't surprise me...we live in a sinful world.  But our faith is our cornerstone; it makes my husband and I who we are.  And it truly hurts to have been swindled.  It hurts to know that we really weren't being good stewards of the financial gifts we'd been blessed with before James Smith came along.  

I do wonder if Mr. Smith and his company believed what they were teaching.  I really think they did.  And I think it could have been a great success, but greed crept in.  I suppose greed was part of our issue, too, though I'd like to think it wasn't.  Again, we're sinful, and we make mistakes.  

I'm more than willing to forgive, and I'd also like to see my money back.
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#1 Consumer Comment

Don't Give Up

AUTHOR: Bo - (U.S.A.)

I had become friends with James over 6 years ago. I come from a family who has left my wife and I to fend for ourselves in our educational endeavors (which have the ability to help without blinking an eye, and not notice).

6 years ago, I went to a motivational conference in which James spoke. I was intrigued by the way he would say what he thought, and didn't care if it offended people. Primarily, because it was the truth. I approached him after the conference (after waiting behind a score of people) and introduced myself and wife to him. He decided to give me his cell-phone number and welcomed us to go to an event to talk with him about our goals and situation, in which we did. We had become friends.

I can tell you, that I am not a "Platinum student", nor have ever been to an M5. I have only been to a couple of 3-day educational trainings, and had 12-weeks of instructions from a trainer, via weekly phone calls. I had made over $100,000 part-time in less than 2 years, putting in literally, less than $1,000 of my own invested funds. Although I had later suffered a foreclosure, I had realized that this was due to my OWN mistakes of not riding the economy instead of fighting it, as James always warns. I never blamed him.

It has been my experience, that most of the people who I have met that complain that they wasted money in his programs (one of which was even a family member) have either been those who didn't put in the work, or were too afraid to take a little risk at times. Either way, this seemed to always be a failure of effort on the part of the customer of his program.

I don't know your situation, and I truly feel bad that it didn't pan-out for you, I really do. However, if you have the resources to afford an M5 (as I didn't when starting out), it would seem like money was not necessarily the issue for you (financing is the hardest obstacle). Don't blame your short-comings on somebody who has provided a WEALTH of information to you, its not fair.

I am happy to note, that the most important piece of knowledge I gained from his programs was not a even a program, or "how to do something; but "why". I learned how to think for myself and become creative and find a niche in just about anything I approach, always conquering obstacles. For somebody who started with a credit card limit of just over $1,000, to make over $100,000; not bad.

I am also happy to note that my wife and I have bounced back, and are less than a year from cash-flowing at roughly $30k monthly (passively). I could have never figured out how to do this without James' initial wisdom. I am glad to hear that you had such great faith. Remember though, according to St. James chapter 2: faith without works is dead.

I hope you never give up, and if its a matter a courage to take a calculated risk; do it! Whether win or lose, you'll NEVER regret it!!

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