The Options Millionaire may not be an out-and-out scam, but boy, does it have some scammy tendencies. More importantly, it’s not worth the monthly fee you’re being asked to pay. Then again, no stock market trading advice is. Here’s everything you need to know.
The Options Millionaire travels a well-worn path when it comes to the financial scam sector. Pretend you’re an expert with a vast amount of wealth while nickel and diming the average Joe out of petty cash for a membership. Millionaires would never need to do this, especially ones with a successful wealth creation system.
This cannot be stressed enough. Anyone claiming they are rich and peddling a system to make you money shouldn’t need any cash from you. It is a scam tactic. Why would they need your wealth when they could, in theory, make their own without any issue? I mean, that’s literally what you are being sold. They should be using it themselves, no?
Look, The Options Millionaire is not as flamboyant in his claims as, say, Larry Benedict. Instead, he uses phrases like this:
My trading practices are not flashy or sexy, but they are consistent and profitable…
and
We pride ourselves on perpetuating safe and consistent investing practices…
and
We pride ourselves on perpetuating effective yet simple investing practices that can drive profitability for all walks of life.
He’s not saying it directly but the implication here is that buying his membership will unlock access to low-risk investing that will make you money. That’s crap. If these trading practices were so wildly successful, he’d be using them himself. Not being over-the-top with his claims doesn’t make things better or change that reality.
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A meaningless benefit statement
The header, or top part of The Options Millionaire’s website, has one of the most confusing benefit statements imaginable. Here it is in all its glory.
Come again. Change your family tree? I’ve spent an inordinate amount of time trying to figure out what that could possibly mean and have nothing. You can’t change your family tree in the past without eliminating yourself in the process. That’s just simple Back to the Future. If you change your family tree in the past, you disappear from the photo.
Meanwhile, changing your future family tree is possible, I suppose. In this context though, it would mean you could land a hotter wife or husband because you have money. Then again, this means you refuse to accept god’s will or any form of determinism. I’m cool with that by the way, But given the guy’s target audience seems to be all glory goes to god crowd, this doesn’t compute.
I’m getting sidetracked here. At least this guy didn’t double down on the change your family tree nonsense. Oh, wait, he did.
OM was founded to educate those seeking to change their family tree through a means of consistent, profitable and SAFE investing.
Are we really going to believe an individual telling us we can change our family tree is somehow also providing sound financial advice? Good luck with all that.
The Options Millionaire history
The Options Millionaire didn’t start as a scam stock trader advice seller. The general consensus is that when he first started releasing content, it was fine. Nothing particularly remarkable but some folks found value in it. And fair enough.
However, as his community grew, he started paywalling some offerings. Eventually, The Options Millionaire began selling memberships which is when everything went sideways. For starters, he kept charging people even after they canceled their plans. This was a huge deal and while that practice has appeared to have stopped, it’s not something that inspires confidence. If something like this happened once, there is always a chance it will happen again.
Another thing to note, The Options Millionaire had said he was never going to sell his advice and that it would remain free. And then, one day, it wasn’t. This highlights a very important point I’ve already explained but will continue hammering home.
Those who understand options trading and are making money would focus exclusively on that. There is no need to offer memberships or spend time creating educational materials. It’s much less money for far more work.
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Military pandering
It is impossible to ignore The Options Millionaire military pandering. Sure, he’s not as bad as David Pere and his From Military to Millionaire con that will get to one day. However, this guy is still trying to bilk those who served our country into buying his membership. Wait, that’s not entirely true.
He is really focused on those military cosplay Americans. You know, the ones who wear camouflage in situations that do not call for it, rock a blue lives matter flag sticker on their truck and, well, you know the types I’m talking about.
Seriously, his YouTube video intro is something this group would eat up seven days a week, twice on Sunday.
The Options Millionaire also leverages other military pandering moves, such as videos claiming to teach people to be an options sniper. All he’s doing is trying to convince individuals who don’t know any better by using lingo they think is cool.
Amazon affiliate links, really?
You know how I know The Options Millionaire isn’t making bank? Check out his store. The dude is pimping out Amazon affiliate links for book sales, some of which are military focused. This is not a millionaire move. This is not something a successful business owner does.
Final thoughts
The Options Millionaire is not a full-blown scam and he has historically provided some okay-ish information from time to time. Let’s make one thing perfectly clear, though. Dude is not a millionaire. A millionaire wouldn’t need your $25 a month. Nor would they have Amazon affiliate links on their website store.
That is what it all boils down to. The Options Millionaire isn’t as successful as he claims. If he was, there would be no need to sell memberships. As for the military pandering stuff, it’s ridiculous. Much like pretending to be rich, it is simply another tactic to try and convince people who don’t know any better that he’s legit.
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