Name: Armchair Millionaire
Owner: “Lewis Grossman”
Price: “Free”
Overall Rating: 10/100
After seeing a bunch of fake testimonials and screenshots of unrealistic earnings, I thought it’s time I did a review on the Armchair Millionaire.
There is no end to the amount of ways people claim to be able to make you money online and/or from home. From the old days of envelopment stuffing which has evolved into internet affiliates and multi level marketing programs, it is not difficult to be caught up the allure of the ability to sit back with minimal work and bring in literally thousands of dollars a week.
Who would NOT want to sit in the safety of their houses kicking back in their PJs drinking coffee and earning cash? And who WOULDN’T want to earn said cash from the comfort of an armchair!
That’s exactly what Thomas from armchairmillionaire.org would have you believe you can do. The question, of course, however, is….but CAN you?
So What do You do?
Instead of starting off by looking at what you CAN do, let’s start with what you do not HAVE to do. The site claims that you will not need to learn any expensive marketing methods, you will not need to create sites or write any blogs, you will not need to purchase any nonessential products, you will not need to comprehend any complicated and elaborate schemes, AND…best of all, you will not need to recruit friends and family.
All this is well and good, but what is it, exactly, that you SHOULD be doing?
Well, that’s where things can get a little confusing. Although it states you will not need to learn anything complicated nor will you be spending money on products or services you will not need, there IS in fact a $250 sign up fee in order to connect you to a broker who essentially does all the work for you, yet, leaves you in dark giving you little to no control over your income.
Now, to be fair, the claim of learning and spending are not a lie. The $250 does in fact go to a much needed service and not some sort of arcane product no one but you is ever going to need and the broker DOES take care of all of the complicated odds and ends for you, but, what are they REALLY doing with your money?
The site itself offers a handful of testimonials and copies of growing bank statements, but ultimately it does not really offer any details on what it is exactly that they expect from you. At best it mentions “affiliate payments” but does not explain specifically your end of the bargain.
Granted, any smart business person would keep their secrets hidden, but the lack of real information here does have me a bit worried. Not to mention that if you HAD really made all the money, would you not be able to afford the REAL song from Cold Play instead of a cheap and obvious knock off? Just curious.
What do They do?
The truth of the matter is that this site is nothing more than a glorified automated stock broker or “Binary trading robot” as it has been come to be known.
What you are doing is paying a minimum of $250 (you do have the option to pay more, but no less) and the broker you are assigned to will use the program the owner of the site has designed in order to buy, sell, and hopefully make you a nice profit.
This sounds all well and good from the outside, but once you consider that you are basically handing over your hard earned cash to really nothing more than a hope and a dream and perhaps a tiny prayer, things seem to not look so well thought out from this particular perception.
Without explaining exactly how all of this works, the site does have that testimonials as mentioned before in hopes that you will see everyday people making “no so everyday” money.
The only problem is testimonials is just how easily they can be manipulated, misquoted, or downright completely made up.
I, personally have seen what was claiming to be two separate and unrelated companies list the same word for word testimonies while simply changing the name and location of the source, so unfortunately, without a way to contact said originator of quote, it’s impossible to tell who they were, what they meant, or if they were ever even real at all.
When researching an investment of this magnitude, it’s suggested you look OUTSIDE of the source for more fair and unbiased opinions on what real users think. The promise of a $3,000 return on a $250 investment in a 24 hour period sounds amazing, but without a way to research, you can never be too sure.
If all that is true, the what does the sign up look like?
Now that you have an understand of just how this works, let’s look at what just the sign up has to offer.
The first thing you will see upon entering the page will be a nice video explaining just exactly how wonderful your life is about to become just by working 2-3 hours a day (and most of that is nothing more than pulling your money)!
Once you click on the “sign up” link, you’ll be catapulted into the first sign up page which explains in detail everything the short 2 minute video just said.
Then, once you are ready to take that plunge, you click the link again and are prompted to input your information. From here you are taken to the members only area, at which point you are then required to deposit the amount of no less that $250 which will get you your recommended broker who will take your account from there.
You will not have the ability to create your own portfolio due to automatically being assigned said broker AND all trades are managed though an automated software that you have absolutely no control over what so ever.
With everything discussed so far, it’s easy to see how Armchair Millionaire has gotten a bit of a reputation for being just a bit sneaky with their work.
Finally, is this a scam?
In the traditional “money for nothing” sense of the word, no, there is nothing LEGALLY wrong with what Armchair Millionaire is doing, however, it isn’t exactly like they say.
With unrealistic testimonies, easily fabricated bank statements, and seemingly no way of contacting anyone of any real substance from the company, Armchair Millionaire seems more like a program to avoid rather than embrace.
The system is full of holes, the results are improbable, and the investment is far too steep for anyone of an average income to gamble away on a “maybe”.
Remember, once you’ve signed up you have no control over your money, so if you really wanted to invest, do some research, get into stock or currency exchange yourself, and be in total control of your own cash flow instead of blindly letting others steal your fate.
YOU can gain the skills. YOU can gain the knowledge. And in the end, with enough hard work and just a bit of luck, YOU can gain the income, just not with Armchair Millionaire!
– Amanda
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