Author Topic: Anybody heard of Phil Pustejovsky?  (Read 3566 times)

omega13

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Anybody heard of Phil Pustejovsky?
« on: November 05, 2016, 12:01:44 AM »
Howdy,

I was looking at some real estate videos by this guy named Phil Pustejovsky and was curious if you'd ever heard about him. If so, what do you make of him?

He covers a wide range of subjects from real estate investments, to wealth accumulation and business strategies. He claims to be mentor to some of the most successful people in North America and Canada.

In one of his videos, he talks about how building wealth is usually pitted as having to choose between the two schools of thought, Dave Ramsey vs. Robert Kiyosaki, living debt free vs. taking on good debt. He states that to achieve wealth within a reasonable amount of time, you have to be personally frugal but invest the money you save in your business instead of dumping it in mutual funds you have no control over.

Some of the things he talks about make a lot of sense, including how saving money alone is a slow trickle charge way to become wealthy. What's your guys' and gals' opinion on that line of thinking?

The video in question is this one.

accolay

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Re: Anybody heard of Phil Pustejovsky?
« Reply #1 on: November 05, 2016, 12:31:40 AM »
What's his angle? I don't really trust people who entice me to become rich by buying their system/product.

As far as saving money vs. investing in a business: What does 'wealthy' and 'slow trickle' mean? I think VTSAX is the way to go while keeping my stable job that I don't necessarily hate for now. I can save enough on my middle class income to make it work in 8-12 years depending on the market. Anything faster than that I also don't trust- sounds too much like a get rich quick scheme.




omega13

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Re: Anybody heard of Phil Pustejovsky?
« Reply #2 on: November 05, 2016, 07:25:33 PM »
What's his angle? I don't really trust people who entice me to become rich by buying their system/product.

As far as saving money vs. investing in a business: What does 'wealthy' and 'slow trickle' mean? I think VTSAX is the way to go while keeping my stable job that I don't necessarily hate for now. I can save enough on my middle class income to make it work in 8-12 years depending on the market. Anything faster than that I also don't trust- sounds too much like a get rich quick scheme.

His angle is that it's not one way of thinking or another but a blend that helps you become wealthy. In that video he talks about how you need a business to become wealthy. He doesn't define "wealthy". If we go with Kiyosaki's definition, it's  a personís ability to survive X number of days forward. Richness is about money, wealth is about time.

I've also come across other definitions where rich means to have a monthly cashflow that's greater than your expenses whereas wealthy is being worth $1M+.

Looking at the website I see an "apprentice course".

It seems that this is the pattern nowadays. Achieve some sort of success in one field, then get on the lecture circuit and gain a following.

MoustacheDArgent

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Re: Anybody heard of Phil Pustejovsky?
« Reply #3 on: November 05, 2016, 10:03:39 PM »
I don't know anything about this guy, but I have noticed that a lot of people have very negative attitudes toward real estate "gurus" and people selling real estate education courses.    I felt that way for a long time and avoided them.    Then I finally took a few courses and did what they said to do and made some money.  I also learned that it's not easy and takes a lot of work.  The real problem with real estate courses is that most people don't do what the person teaching the course tells them to do.  The one fault I do have is that they do make it seem easier than it really is.   I heard one of the "gurus" on a podcast interveiw state that he suspects that over 90% of the people who buy his course never take any action.

arebelspy

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Re: Anybody heard of Phil Pustejovsky?
« Reply #4 on: November 06, 2016, 02:12:23 AM »
There is SO MUCH high quality, free real estate information out there.

Once you run out, you can start paying money for it (and by that time, you'll be able to spot the scam artists).  ;)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.

aasdfadsf

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Re: Anybody heard of Phil Pustejovsky?
« Reply #5 on: November 14, 2016, 02:01:51 AM »
Quote
He claims to be mentor to some of the most successful people in North America and Canada.

Red flag. Anyone claiming such a thing is almost certainly full of it.

The guru business mostly consists of charlatans trying to separate you from your money. As arebelspy says, everything you need to know can be had for free at a library or on the internets.

calimom

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Re: Anybody heard of Phil Pustejovsky?
« Reply #6 on: November 14, 2016, 08:03:35 PM »
Never heard of Phil, but Preston Ely advertises heavily on a radio station I listen to. He claims you can get rich in flipping houses without having a down payment, without doing any work, if only you buy his program! And he's giving away the first book free to the next 10 callers!

Uh huh. There's no magic in making money in real estate. You do need cash reserves, having the ability to do some work helps, as does patience and persistence. Most people do not "get rich quick" with no effort.

piethief

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Re: Anybody heard of Phil Pustejovsky?
« Reply #7 on: November 16, 2016, 01:54:37 PM »
I do enjoy watching his videos.  I've picked up a couple nuggets here and there from them.  Like I do from most sources of information I come across.  Absorb the good, and chuck the other 99%.

That said, I would NEVER pay a guru to "mentor" me.  That's stupid, IMO.




hucktard

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Re: Anybody heard of Phil Pustejovsky?
« Reply #8 on: November 17, 2016, 01:01:39 PM »
I have watched some of his videos and I own a couple of rental properties so I think I am OK at identifying bullshit. He seems to have some good advice. I have never paid for any courses or seminars, but I don't think its the worst thing in the world to do so if you can afford it. People pay 10's or 100's of thousands of dollars and spend years of their time in college to get degrees that don't assure them a high paying job. Spending a few hundred or a few thousand on a real estate course is not the craziest idea in the world. However, all the information that you need is out there somewhere for free. The secret is that there is no secret.

thedayisbrave

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Re: Anybody heard of Phil Pustejovsky?
« Reply #9 on: November 21, 2016, 10:56:27 AM »
There are so many free resources out there, i.e. BiggerPockets.  That place is a gold mine.

Honestly if I were going to pay money for anything, I'd just jump into real estate.  There is no substitute for experience.  Listening to someone else tell you how to "get rich" through real estate is pointless, because you're still just sitting there.  Go out and do something-- start small-- you'll learn as you go. 

Socmonkey

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Re: Anybody heard of Phil Pustejovsky?
« Reply #10 on: November 29, 2016, 01:42:56 AM »
I've been a subscriber of Phil Pustejovsky's YouTube channel for years, his video's are great nuggets of wisdom. Yes, he sells courses - all you have to do to avoid that is NOTHING, don't buy it (I never have). He doesn't play it off as a get rich quick type scheme, just that buying real estate bargains is a great way for some people to eventually become wealthy. Biggerpockets is great too, but even they want you to sign up for a paying subscription.

So don't hate.

omega13

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Re: Anybody heard of Phil Pustejovsky?
« Reply #11 on: November 29, 2016, 11:04:06 PM »
I've been a subscriber of Phil Pustejovsky's YouTube channel for years, his video's are great nuggets of wisdom. Yes, he sells courses - all you have to do to avoid that is NOTHING, don't buy it (I never have). He doesn't play it off as a get rich quick type scheme, just that buying real estate bargains is a great way for some people to eventually become wealthy. Biggerpockets is great too, but even they want you to sign up for a paying subscription.

So don't hate.

Oh no hate at all on my part :). I'm glad he has found his niche. I was more trying to understand where he drew the line on free advice and whether anybody has any experience with what he has to offer.

Bbqmustache

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Re: Anybody heard of Phil Pustejovsky?
« Reply #12 on: December 04, 2016, 05:28:41 AM »
A long, long time ago, a co-worker gave me investment advice.  She said the only way you can become rich is to either own your own SUCCESSFUL business, or participate in other's business gains through fractional ownership (ie, mutual funds ETFs).

Add a healthy dose of Dave Ramsey's rabid anti-debt and cash flow message, and you'll be golden!

arebelspy

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Re: Anybody heard of Phil Pustejovsky?
« Reply #13 on: December 04, 2016, 06:02:58 AM »
A long, long time ago, a co-worker gave me investment advice.  She said the only way you can become rich is to either own your own SUCCESSFUL business, or participate in other's business gains through fractional ownership (ie, mutual funds ETFs).

I don't think those are the only ways.

Maybe the only ways to become "fantastically rich" (e.g. hundreds of millions, or more).

But saving from a normal job is a completely legitimate way to become "comfortably rich."  (Though ownership in companies via stocks may be required not to lose it to inflation, it's not required to get there in the first place. And there are even other solutions to that, like TIPS.)
We are two former teachers who accumulated a bunch of real estate, retired at 29, spent some time traveling the world full time and are now settled with three kids.
If you want to know more about us, or how we did that, or see lots of pictures, this Business Insider profile tells our story pretty well.
We (rarely) blog at AdventuringAlong.com. Check out our Now page to see what we're up to currently.