Is Michael Tan a scam? Should you join his Millionaire Masterplan Club?
There are many gurus who make unrealistic claims or promises on the internet. So it’s important to do some research first before investing your hard-earned money.
To help you make a more informed decision, I’ve done thorough research about Michael Tan in the past few weeks.
As a disclaimer, I’m NOT affiliated with Michael Tan, so you can be sure that my words are unbiased.
In this review of Michael Tan and his training programs, I will cover the following:
Table of Contents
What is Michael Tan?
Michael Tan is a real estate investor, entrepreneur and business coach in Asia. He founded Freemen Education and offers numerous online training courses to help people make money in real estate investing.
He claims to have made millions investing in real estate during the 2008-09 market downturn.
During the subprime crisis of 2008/09, many people lost their jobs, but Michael Tan was able to buy 7 properties in less than 1 year.
These properties brought Michael Tan a positive cash flow with which he could pay off the instalments.
After being successful with real estate investment, Michael Tan claims to have developed the best selling real estate system called “No Money Down Programme Series”. He reveals how to buy real estate with no down payment in the partial sale market.
He predicts that there will be another market crash soon, which he believes is another good opportunity to invest in the real estate market.
Recommendation: Here’s The Best Alternative
What is Freemen Education?
Freemen Education was founded in 2013 by Michael Tan and provides training on real estate investing.
Here’s the information about the company:
On its official website, the company claims to have helped 3786 people in 4 countries – Malaysia, Thailand, Hong Kong, and Cambodia – buy more than RM338 million (about $81 million USD) worth of real estate in just 3 months. That is unbelievable.
One thing that makes me doubt is that while Freemen Education is making so much money, its official website seems to be outdated.
If you go to the official website, you will notice that it has not been updated since 2017. And if you go to the program and events, all the links are already broken. This makes people suspicious of the company.
However, Freemen Education’s Facebook page is continually updated. At the time of writing, it has about 22,000 followers, which is pretty good.
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What is the Millionaire Masterplan Club?
The Millionaire Masterplan Club is an online program that teaches you how to invest in real estate.
When you join the Millionaire Masterplan Club, you can expect to learn from Michael Tan how to invest in real estate with no money down.
The program includes 3 hours of private live zoom sessions. You will also get access to a private Facebook group where you can ask questions and share ideas with other real estate investors.
Michael Tan will also give you the 6 step master plan templates that will give you the blueprint for real estate investing.
You’ll also get 10 tips for identifying real estate hotspots and a checklist so you know how to evaluate and spot great investment opportunities.
Given the tremendous value Michael Tan claims to deliver, it is a surprise that there is a 98% discount for membership in the Millionaire Masterplan Club. That’s probably the biggest discount I have ever seen.
You may wonder why Michael Tan is offering such valuable information at a low price. The reason is that there would be upsells afterwards.
Is Michael Tan a Scam?
There is no sufficient evidence to show that Michael Tan is a scam.
However, in my research I found a bad review about Michael Tan’s live webinar, complaining that the quality of the training was very poor and that the seminar was conducted by Michael Tan’s assistant instead of Michael Tan. However, there is no way to verify the authenticity of this review.
Anyway, if you want to make more passive income by investing in properties, I wouldn’t recommend that.
The reason is that although it sounds a good idea to invest money in real estate, the ROI (returns on investment) for property investing has decreased over the years.
In addition, real estate investments require a lot of initial capital and it takes a long time to pay off the mortgage loan
You may be forced to cut your budget for most recreational activities, such as travel, to cover the cost.
It is just as risky as trading stocks to have a large portion of your money in a property where liquidity is extremely low. If you need an emergency fund, you will be in big trouble.
Many people like to invest in real estate to provide passive income for retirement, but this is not a good idea because of the risk involved.
If you do not want to take the risk, there is a better alternative to earn passive income for retirement
In recent years, the world has changed massively due to the Internet, which has created many opportunities to earn money online
While the real estate market is volatile and might rise or fall in value, a digital asset can always give you stable cash flow and it only takes 1-2 years to build a sustainable online business.
In the next section, I will introduce you to the best online business model to start today.
Recommendation: Here’s The Best Alternative
Is There an Easier and Better Alternative to Make Passive Income?
If you really want to make a stable and secure stream of passive income, I would suggest you starting an affiliate marketing business online instead.
Affiliate Marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
But How Much Can You Earn with Wealthy Affiliate?
A 21-year old student from Wealthy Affiliate was able to earn $7,395 in just 1 week, which means he made more than $1k a day…all while using free traffic methods.
Wealthy Affiliate has existed for 15 years and there are many success stories in the past decade.
To give you more examples, here are some of the other inspiring success stories of Wealthy Affiliate members.
Where to Join Wealthy Affiliate?
Wealthy Affiliate has a very simple pricing scheme. It has free and premium membership.
If you want to feel about Wealthy Affiliate, you can sign up for the free starter membership here (no credit card required). You can select to be a free member with no time limit.
And as a starter member, you can get instant access to the community, live chat, over 500 training modules, 2 classrooms, networking, commenting, 1 free website, access to the keyword tool.
You can enjoy all these values without paying a penny.
So I strongly recommend you to register a free account and see it yourself.