Dane Wealth Academy

[OllyN]

Why not file a claim in the Disputes Tribunal? It's free and (usually) fair.
The whole hearing is really just a civilised chat around a table and a genuine attempt to resolve matters. If it's not resolved the adjudicator will decide.I think you will find that your opponent will quit long before that.

Olly Newland
Residential & Commercial Solutions
Totally Independent Advice

https://www.ollynewland.co.nz

[Neville1977]

What the??????
Is that actually possible?

I know... I really feel trapped. People like this just take advantage of people like me.

[CJ]

What the??????
Is that actually possible?

i assume the contract defines the guarantee further. Have you read the contract???

have you considered passing it on to the advertising complaints authority. Is this even an NZ issue (or is it a US issue)?

[Hound]

Neville1977. I am confident you are covered under the Fair Trading Act. So Olly is right, take them to the disputes tribunal.

It doesn't matter what it says in their contract, the Fair Trading Act still applies to them. The Fair Trading Act is like a modern version of the Sale of Goods act, but it specifically mentions services as well as goods.

[spaceman]

It doesn't matter....

i assume the contract defines the guarantee further. Have you read the contract???

have you considered passing it on to the advertising complaints authority. Is this even an NZ issue (or is it a US issue)?

....... if the contract tries to define the guarantee further. NZ law states that the fine print isn't allowed to take away from such "banner" statements such as 100% Satisfaction Gauranted ..... it's pretty hard to quible about what that statement means.

The PropertyTeachers web site links to courses that have the same kind of logos.

It's pretty clear that you aren't 100% satisfied ...... cowboy up and tell them you want your money back and you'll be taking them to the disputes tribunal as Olly suggested.

If I was deciding a case in the DT and you showed me a printout of the web pages with the gaurantees highlighted, it wouldn't take me long to agree that you should get your money back.

Good luck

Cheers
Spaceman

[essence]

Why not file a claim in the Disputes Tribunal? It's free and (usually) fair.
The whole hearing is really just a civilised chat around a table and a genuine attempt to resolve matters. If it's not resolved the adjudicator will decide.I think you will find that your opponent will quit long before that.

Olly Newland
Residential & Commercial Solutions
Totally Independent Advice

https://www.ollynewland.co.nz

Going to Disputes Tribunal IS NOT FREE, there is a minimal charge ($20-30??).

What you need to do is write a letter to the other party, in such a polite non-confrontational way, saying that you're not going to pay $xxxx for xxxxx reason.

What you want to have happen, is to receive a letter from the other party DISPUTING YOUR LETTER. Once you have that, you can file a claim with the Disputes Tribunal.

As you will be the applicant, you can ask for any time that will suit you. Middle of the day, middle of the week is always a good one. Annoys the hell out of the other party, and makes it difficult for them to attend. The costs involved attending outweigh the $'s involved (generally speaking).

Don't forget to ask for interest "for use of money as deposit" during the time that they have had your money. Usually assessed at about $11%. This figure may have changed, as it's been a while since I've been to DT.

My suggestion, ring up DT and speak to staff and ask
a) how to fill out form,
b) what can you claim for
c) interest rate that you can apply for
d) what are the limits that you can claim up to (different $'s, higher application fee)

Claim for more than you think you are owed but you must be able to justify this amount, and don't expect to get back 100%.

It's a learning curve - enjoy it!!

[Neville1977]

Wow! Awesome info guys. I have indeed sent the polite email.

I am now thinking that if I am going to go to the trouble of disputes tribunal, and given the guarantee would cover ALL funds I've given Debs Greenwood and Dane Wealth Academy - I might as well claim the whole lot back - not just the $99 a month I'm shelling out.

I'll let you know how I get on.

Thanks for all of the info - and yes, I will enjoy this learning curve!

Cheers

Nev

[essence]

given the guarantee would cover ALL funds I've given Debs Greenwood and Dane Wealth Academy - I might as well claim the whole lot back - not just the $99 a month I'm shelling out.

What about travel?? Toll calls? Calls to mobile phones?? Books that they insisted you buy?? Claim for your application fee - you won't get it back, but claim any way!!

You'll be surprised at how quickly the $'s add up. I'd suggest creating a spreadsheet showing date/$'s and total amount. This will need to be submitted with your application.

As I suggested before, you can claim interest on "use of money" had the same money been deposited in the Bank. When I did my claim many years ago, I wasn't going to claim for this until the DT staff suggested it. I was pleasantly surprised that in my claim, it added quite a few $'s to the bottom line.

From my recollection, IF the decision goes in your favour, the respondent has 30(?) days in which to pay the debt. As I was paid on the 30th day, I couldn't tell you what happens after that, if it's not paid. You'd be better to ask the DT staff.

Look forward to reading your updates.

[Whistle Blower]

It's no longer Dane Academy anymore, but Property Teachers, running under you know who, are still issuing manuals and reading materials displaying their logos. That itself is a copy right infringement. I saw that on the stuff they handed out to people who left their credit card details.

The Tax lien strategy was promoted at the recent 2 day Propertygurus event, and sadly people are once again misled by all the crazy returns they promise.

Most strategies may not be achievable if you are based in NZ, but if you are happy with 16-18% returns pre-tax, then yeah go ahead.

To get back $5999, it will either take a long time, or will take lot's of initial capital.

Also it takes a lot of personal commitment to produce results, as there will be no one guiding you.

[spritzer]

A little too late possibly....

Haven't the 'guru's already cleaned up with a cool $$ million from the weekend?

They can afford to pay 'shut up' $$ to the few that moan and still come out loaded!

[Neville1977]

It's no longer Dane Academy anymore, but Property Teachers, running under you know who, are still issuing manuals and reading materials displaying their logos. That itself is a copy right infringement. I saw that on the stuff they handed out to people who left their credit card details.

The Tax lien strategy was promoted at the recent 2 day Propertygurus event, and sadly people are once again misled by all the crazy returns they promise.

Most strategies may not be achievable if you are based in NZ, but if you are happy with 16-18% returns pre-tax, then yeah go ahead.

To get back $5999, it will either take a long time, or will take lot's of initial capital.

Also it takes a lot of personal commitment to produce results, as there will be no one guiding you.

Thanks for the info about the propertygurus seminar, I was actually thinking about going to that. Luckily I didn't as if I'd known it was about tax liens I would have been pissed!

[Whistle Blower]

The tax lien thing was just 1/10 of it, there were a lot of other gurus selling their services as well, most of them are mentoring services at $20k per year.

If I were to join a service like that, I want to be coached, not mentored. This means someone will actually kick my ass if I don't do something, more hands on, and intense coaching.

[Davo36]

In this day and age it amazes me that these peddlers can still ride into town and swindle people out of their hard-earned cash with crazy promises and outrageous stories...

Thanks for the info about the propertygurus seminar, I was actually thinking about going to that. Luckily I didn't as if I'd known it was about tax liens I would have been pissed!

Geez mate, you should have learned your lesson by now.

Anyone can get fooled once, it's not their fault. But if you get suckered twice, it's down to you.

There's no quick fixes in investing. You can't go to a weekend seminar and come out an expert. You can get a bit of motivation and maybe the odd snippet of info that is useful, that's all.

I suggest you read books and get out there and talk to people (perhaps at the local property investment association?) and most importantly of all, save a deposit and have a go - in a small way. You will learn more by doing than anything else.

[Neville1977]

Geez mate, you should have learned your lesson by now.

Anyone can get fooled once, it's not their fault. But if you get suckered twice, it's down to you.

There's no quick fixes in investing. You can't go to a weekend seminar and come out an expert. You can get a bit of motivation and maybe the odd snippet of info that is useful, that's all.

I suggest you read books and get out there and talk to people (perhaps at the local property investment association?) and most importantly of all, save a deposit and have a go - in a small way. You will learn more by doing than anything else.

Thanks for the feedback Davo. I'm already in the Canterbury PIA and have been actively investing in CHCH for quite a few years. This thread actually is about the Dane Wealth Academy and how they make big promises and hugely under-deliver.

[strider]

Just curious 'cos you say that they make big promises and don't deliver, but you haven't actually said what they didn't deliver on? You mentioned in an earlier post that there was no support - what sort of support were you supposed to get that you didn't get?