What is Ted Bauman's "The Secret to 10X Wealth" about really, and can you trust it?
He "guarantees" that you can 10X your wealth. He also claims to be giving away a "free" laptop... but doesn't this sound a bit too good to be true? This is why we decided to do a little investigating and in this review we'll be going over a few things you should definitely know.
Spoiler Alert: You are definitely NOT guaranteed to 10x your wealth!
You've probably come across the presentation by Ted Bauman...
If you did you would not forget it... not after sitting for over 45 minutes trying to make it through the whole thing.
He claims that him and his team have spent over 15 years and $7.5 million putting together this new service, which includes what he claims all of the "secrets" wealthy elites like Bill Gates, Warren Buffet, The Vanderbilts and others are using to keep and increase their wealth.
The idea is that anyone can join his new project, called the 10X project, which is basically a financial advisory service, and learn how to increase their wealth by a factor of 10... no matter what your education level, background, etc.
Bauman goes on to claim that people have been able to "explode their wealth" with this new service... and that he is so confident that this can turn ever $10,000 into $100,000 that he is "willing to guarantee it"...
BUT, you don't just sign up to be a member like you would think. Instead, you sign up and then he ships out a laptop, which is "free", that contains the information in the 10X project.
As he puts it: "I want to send you one of these laptops absolutely free, when you accept the special invitation to join me and my team".
Again... it sounds a bit too good to be true... doesn't it?
And what's also concerning is the fact that in the video presentation we are shown FAKE testimonials from people.
He claims that a bunch of ordinary people are living how they want and where they want thanks to their newfound wealth from the 10X Project... and goes on to show images of these people, such as "Sam Weathers" here...
Sam has supposedly been making $10k per month for 5 years not, but this is hard to believe when we don't even know if "Sam Weathers" exists.
As you can see below, the photo shown of him is actually a stock photo, meaning that anyone can purchase it and use it as they wish online.
And there is more where that come from. The image shown of "Bob Sawyer" we also found to be a fake.
Here is where the people behind this presentation got the image...
Over-hyped marketing, guarantees of being able to get rich, fake images... what's really going on here?
Let's get to it...
It's a Sales Pitch
All this talk about getting free access to this and free access to that - getting a "free" laptop... but in the end is anything really free? Of course not... and that's why you have to pay a pretty darn high price to get all this "free" stuff.
This seems to be the typical blueprint nowadays for financial advisory services like this.
- Step 1: Lure people in with outrageous claims of being guaranteed to strike it rich
- Step 2: Tell them about all the free stuff they will get
- Step 3: Make them purchase a subscription service... which costs money
This is how they all do it, as we exposed in our review of the "Kennedy Accounts" teaser.
The retail price for the 10X Project is supposedly $20,000... but OF COURSE there is a limited time offer to become a charter members for only $1,995 + $99 per year thereafter. This is what you have to pay to get access to everything.
*It's highly unlikely that this service ever get's sold for its "retail price".
Who Is Ted Bauman?
Ted Bauman is currently employed by the Banyan Hill publishing company, which publishes an array of financial newsletter advisory services. He is the editor of Bauman Letter, Bauman Daily, the 10X Project and Alpha Stock Alert.
Bauman started his journey at the University of Cape Town, where he received postgraduate degrees in economics, economic history and politics.
He then went on to head-up executive roles for things such as managing funds for low-cost housing projects... and later was a consultant providing financial advice on housing and urban planning issues for clients such as the United Nations and the World Bank.
His expertise has been quoted in Forbes, Barron's, MarketWatch and others. He has written articles that have been published in international journals. And he even co-authored a book with his father, who was a US Congressman, called Where to Stash Your Cash (Legally).
All in all, he has quite the background... and seems like the type of guy you'd want to provide you with financial advice... except for the fact that his marketing pitches are a bit over-the-top.
What You Get
If you join through "The Secret to 10X Wealth" sales funnel, first and foremost you will get access to the 10X Project, which is a financial research advisory service ran by Ted Bauman. This, he claims, to be his most ambitious research project yet... with over 15 years of information costing 7.5 million dollars in research.
Much of this subscription service seems to provide special reports providing information on various wealth building and wealth retaining tactics, such as...
- Eight ways the IRS tries to get people to pay higher taxes and how to avoid it
- How to beat 100 common legal problems, such as protecting intellectual property affordably as well as patents and trademarks
- How to keep money in the family without blowing it on attorneys
- "Backchannel" banking secrets the protect investments against the IRS
Additionally, if you join 10X Project as a "charter member", you also get a bunch of "free" stuff. This includes...
- Alpha Stock Alert subscription
- Alpha Stock Alert Quick Start Guide - This is basically a several page long guide that goes over what beginners need to know to get started trading following this method
- Weekly Updates - These go over updates on current positions, what you need to see, new recommendations and more.
- Model Portfolio Access - You will be able to view the model portfolio and see the performance of all currently held recommendations.
- Members-only website access
- Contact information for members of the 10X Inner Circle
- You will be able to get in contact with experts here who can provide help with things like setting up offshore bank accounts, optimizing tax structure and much more.
- The Bauman Letter subscription
- A monthly newsletter that consists of a 12 page report and provides information on beating market collapses, getting away with paying less taxes and more
- Model portfolio access
- Asus VivoBook Laptop
The "Free" Laptop
Bauman has one heck of a strange way of marketing here.
He is giving subscribers this "free" Asus Vivobook computer... but for what reason? Is this really necessary?
Of course he leads one to believe it is... by talking about how the laptop is encrypted and whatnot, but it is COMPLETELY UNNECESSARY.
All of this information could easily be accessed by any individual online via their own computer... which they obviously already have if they saw the presentation for this.
The Asus laptops he is giving out cost somewhere in the ballpark of $250 - $300, but he likely got a better deal on them since he is giving out so many. But this is just unnecessary. Why not keep the laptops and lower the darn membership price?
Is This a Trick?
One thing that is worth thinking about is how the difficulty of getting a refund will be much harder when you have a physical product to return.
If he wasn't sending out laptops then all you'd do is ask for a refund because you didn't like the service and that would be the end of it. But with a laptop you have to ship it back and this adds an additional step to make the process more difficult... and thus will lead to less people getting refunds.
Is this the reason for this unnecessary item? It's not the first time we've seen a ploy like this.
Refunds?... MUST READ!
Speaking of refunds: even if you do request a refund and send the darn computer back, their refund policy is pretty disappointing.
As you can see, "you can cancel your membership and use the full membership fee toward any one of our other services".
What does this mean?
This means that you won't be getting your money back. They will just be crediting your account so that you can purchase a different one of their trading advisory services (the ones offered by Banyan Hill). This is just another way for them to keep your money.
All this talk about keeping your money safe from the IRS and you have to worry about keeping it safe from these guys too... funny.
Is This All a Scam?
We know you're probably wondering, but no, it really isn't. Banyan Hill publishing and Ted Bauman are both legit - it's just that the marketing tactics they use can get a bit out of control and tend to upset people... as you can see why.
But the information that Bauman provides in these services is actually good quality and has real value, just don't expect it to be a guaranteed way to 10X your wealth, as he leads you to believe it is.
Recap & Conclusion
- "The Secret to 10X Wealth" is a sales pitch for Ted Bauman's 10X Project subscription service
- People who join through this sales funnel also get "free" access to The Alpha Report and Bauman Letter
- He gives out a "free" laptop, which is completely unnecessary and may just be a tricky way to make it more difficult to get refunds
- Refunds, don't exist in the traditional sense. Instead of being able to get your money back you are only given credit to purchase another of Banyan Hill's services
Should you buy into this service or not? Well, this is completely up to you and we hope we've provided enough information about what is really going on here to help you make a better and more informed decision.
Let us know what you think about "The Secret to 10X Wealth" and the 10X Project below...
Thanks for this well balanced and detailed coverage. I'm subscribed to the Ted Bauman Letters. I was "bought" as a subscriber from the Harry Dent newsletter, which is now defunct. I actually find Ted Bauman to provide good advice, as he recommends dividend stocks in many cases and builds very good cases for them. Each month he covers a new stock. I have followed some of his recommendations. At the same time, this subscription does come with these fairly bizarre weekly sales pitches and recently these weird "encrypted laptops…". Have I not already had some experience with his letters, I would write him off as one of these YouTube fake gurus, but as you covered in your review, he is a legit guy actualy providing good advice. Still – this really does not make him look very good. It's like 2 steps above "Hello, I am a Nigerian prince and for $2,000 you will inherit a treasure worth millions". But like they say a sucker is born every minute.
Thanks for your views. I like them.