Is Michael Yardney a scam? Should you trust his words and pay for his service or courses?
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 Yardney in the past few weeks.
As a disclaimer, I’m NOT affiliated with Michael Yardney, so you can rest assured that my review is genuine and unbiased.
At the end of this article, I’ll also tell you a much better alternative that can help you make steady passive income at zero risk.
Below is what I’ll cover in the review of Metropole.
Who is Michael Yardney?
Michael Yardney is a property investor in Australia. He is the director of Metropole Groups of Companies.
Michael Yardney bought his first investment property in his early 20s. Over the past 40 years, he has built a multi-million dollar property portfolio.
Michael Yardney has written a lot of books to share his investment knowledge. He likes to challenge traditional finance advice on property investment, personal finance and wealth creation.
Here’s his book list which you might be interested:
- Negotiate, Influence, Persuade
- How to Grow a Multi Million Dollar Property Portfolio — in your spare time
- Michael Yardney’s Guide To Investing Successfully
- Michael Yardney & Tom Corley’s Rich Habits Poor Habits
- Michael Yardney’s Guide to Getting Rich
- Michael Yardney’s Rules of Property
- The Australian Guide to Buying and Selling Your Home (co-authored with Pamela Yardney)
- Secrets of Property Millionaires exposed (co-author)
- What every Property investor needs to know about Finance, Tax and the Law
You may see him being featured on the media as a property commentator. He writes articles and gets published on Yahoo Finance, Smart Company, Your Investment Property Magazine, New Zealand Property Investor Magazine etc.
Michael Yardney claims that he has mentored over 2,500 business people, investors and entrepreneurs over the years.
What is Metropole?
Metropole was founded by Michael Yardney in 1979. It aims to help people create wealth through property investment.
Metropole has several affiliates. For example, the group includes Metropole Property Strategists, Metropole Wealth Advisory, Metropole Business Advisory.
They provide property mentoring and advice and will refer you to properties that have growth potential.
What is Michael Yardney’s Net Worth?
There is no exact data on Michale Yardney’s net worth. But it is estimated that Michael Yardney’s net worth is around AU$ 7 million, which is mainly earned by investing in and developing residential properties. This might not be current as he probably has grown his wealth bigger over time.
Should You Join Michael Yardney’s Training?
Michael Yardney has conducted seminars around Australia and SouthEast Asia since 2001 to share his property investment insights.
He also hosts Australia’s elite high end Wealth Retreat 4 day workshop, which helps already successful business people to grow their wealth to the next level.
Michael Yardney’s seminars and workshops receive good reviews as he really knows the stuff.
Michael Yardney also offers a mentorship program where you can get 1-on-1 coaching from him. There will be weekly video sessions that teach you how to become wealthy. You can also get access to his “inner circle” of contacts, knowledge and research.
However, Michael Yardney’s mentorship program is not for anyone. It is only for those who are serious about property investment and have some capital to start doing it.
Is Michael Yardney a Scam?
There is no evidence to show that Michael Yardney is a scam. Undeniably, Michael Yardeny is very experienced in real estate investment.
Michael Yardney does share a lot of knowledge about property investment in his seminars, workshops and mentorship program. But they are not cheap.
For Michael Yardney’s mentorship program, it costs around $3K. Not everyone can afford it if you are just getting started. And it does not guarantee your success.
Moreover, although you can learn a lot about property investment from Michael Yardney, I wouldn’t recommend it if your goal is to make more passive income.
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.
Besides, property investing requires a lot of initial capital and it takes a long time to pay off the mortgage loan.
You might be forced to cut your budget on most leisure activities such as travelling to make the end meets.
It’s as risky as stock trading when a lot of your money is locked in the land which has an extremely low liquidity. In case you need an emergency fund, you’ll be in big trouble.
Many people like doing property investment to generate passive income for retirement, but that’s not a good idea because of the risk involved.
If you don’t want to bear risk, there is a better alternative to make passive income for retirement.
In recent years, the world has undergone a massive change due to the Internet, which has created a lot of opportunities to make 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.
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.