To most people, “Making a Million” or more is an impossible target, so most never try. How about then, a scenario where one happily married couple, after 30 years in successful Corporate positions, with a string of children and grandchildren, decided to ‘give it a go’, built up a portfolio of nearly SIX MILLION DOLLARS – then lose the lot due to becoming ensnared in one free crypto signals telegram of the biggest property ‘rackets’ in the United Kingdom.
To most people, the catastrophic size of this failure would have driven them to bankruptcy, divorce, or even contemplating suicide- especially when the reasons were nothing to do with the then current credit crunch, but because of the crooked behaviour of one or more individuals.
This is a true-life story of what happened to a couple who worked hard and successful in their ‘Day Jobs’ for over 30 years, and still took the time out to go for their financial life changing goals – achieved them – lost the lot – but with an unbelievably strong inner strength, fought their way back, and are on the UP again.
Not only that, but this pair have since worked unselfishly for over a Decade, providing help, assistance, and on many occasions, a shoulder to cry on for well over a hundred other families, couples, and individual investors similarly affected. On top of that, as whistle blowers on the whole sorry episode, they were rewarded in 2007 with a High Court Writ for Defamation and Libel being served on both of them for $500,000 each plus damages – at 4.00AM, when a Post Office First Class stamp would have sufficed.
The full story of our fight is too detailed to go into here, and the story is still not done totally yet, but if you ever find yourself in anyway near as dire a situation, you may want to reserve an advanced copy of our book, due out next year – entitled ‘How To Get out of Debt while Still Living in it‘. As a similar victim you will automatically get offered a copy at a 50% discount, and resale rights.
Anyway, for two years, back in 2005, with me approaching 60, we had been slowly building up our investment property portfolio, including a dream retirement penthouse on a new Marina development near to our present home, and a superb large apartment in Bahama Bay in Florida. But then, we were seduced by
very clever and expensive advertising, to buy a number of properties that on the face of it should have doubled our fortunes. One of our friends actually bought around $12 Million worth of these properties, and he was only earning around $40,000 or so a year! These properties, most with more than 4 rentable bedrooms, were all sold by the same developer, with Royal Institute of Chartered Surveyors (RICS) valuations, supposedly fully renovated, and fully tenanted with students, prior to completion, with a Landlord appointed by the developer.