How Rich is Kevin Trudeau?

[CaptiveBred]

macguy -

For all the stones you throw at KT, you fail to realize your own public problems. Personality and character are not your friends. You (and Blackjack) are just attacking the IPT for sport now... Maybe its time to see how things unfold and reassess your position based on the outcome of the, near, future.

I think you could make good use of a self help course to further socialize yourself. Maybe KT can sell you one


BTW, get a pc...

 

[macguy]

I'm not necessarily endorsing everything Trudeau has done in the past, but I'm willing to buy into his pool hype because he is creating a vision for the pool world. Anything is better than what we have got. I choose to be optimistic with the IPT and whatever may come with it. and I choose to be happy for my friends who are on the tour for however long it lasts.

That sounds honest.

 

[Colin Colenso]

I'd consider giving my CC to the IPT a near zero risk proposition.

KT's invested millions on top of the $1.325 million prize monies already handed out. His efforts have garnered strong support from the players and most of the pool community. He's not about to blow that fine PR investment by squeezing his brand influencers for a few k.

The economics of the situation provide powerful incentives for KT to continue doing good things. To please the players, the viewers and the consumers. If he's as skillful as I think and hope, he'll succeed in this.

 

[blud]

credit card

I'd consider giving my CC to the IPT a near zero risk proposition.

KT's invested millions on top of the $1.325 million prize monies already handed out. His efforts have garnered strong support from the players and most of the pool community. He's not about to blow that fine PR investment by squeezing his brand influencers for a few k.

The economics of the situation provide powerful incentives for KT to continue doing good things. To please the players, the viewers and the consumers. If he's as skillful as I think and hope, he'll succeed in this.

I agree with you on this one Colin, I have personally known him from back in the late 80's, and he is skillful as you say.

Really a nice person. I could care less about his past, he's paid for his mistakes, and made it public knowledge........Has nothing to hide..

On another note about this thread, maybe those complaining the most, posting here, do not have a credit card? Very possible........they also like to see there names in print, in my opinion...
blud

 

[macguy]

I'd consider giving my CC to the IPT a near zero risk proposition.

KT's invested millions on top of the $1.325 million prize monies already handed out. His efforts have garnered strong support from the players and most of the pool community. He's not about to blow that fine PR investment by squeezing his brand influencers for a few k.

The economics of the situation provide powerful incentives for KT to continue doing good things. To please the players, the viewers and the consumers. If he's as skillful as I think and hope, he'll succeed in this.

Come on, you know I am referring to his companies where they sell wrinkle creams or what ever and the health books. Don't play dumb that's Kevins game don't lower yourself to that. Subscribe to anything regarding those companies and it is almost impossible to cancel you will have to close your checking account if you have allowed an automatic payment. The IPT I believe will be on the up and up in that respect. I don't think he will intentionally screw it up. His other ventures are another matter. Just try to be honest.

 

[chefjeff]

It is so easy to buy people, just give them a few bucks or tell them what they want to hear. He is a great guy because he bought a cue from you. Sad

That's not what Blud said, sir. How about integrating all the facts, past and present, not just the past ones that fit your argument?

Honesty is reflected in thinking, too, ya know.

Jeff Livingston

 

[cmssuits]

Poor macguy... lol...

"The people have spoken!"

 

[Blackjack]

macguy -

For all the stones you throw at KT, you fail to realize your own public problems. Personality and character are not your friends. You (and Blackjack) are just attacking the IPT for sport now... Maybe its time to see how things unfold and reassess your position based on the outcome of the, near, future.

I think you could make good use of a self help course to further socialize yourself. Maybe KT can sell you one


BTW, get a pc...

FYI, I have not posted much of anything on the subject at all recently. I don't post to this forum very much at all, so I don't understand what you are referring to me for. I don't even read most of this stuff. In short, I have raised concerns about the IPT. I did the same thing 10 years ago when the Camel fiasco started. It was unpopular to speak out against that too, but I had the balls to do it. I have also asked anyone that wants to speak with me about these concerns to contact me at 386-208-0011 and I will gladly speak respectfully with you about this subject. If you refuse to do that, then don't quote or refer to me in your posts, because you are assuming what my position is. I don't agree with what the IPT is, or what it stands for, or what it is doing for pool. That is MY position. I am entitled to my opinion just as you are entitled to yours. I won't bash you for holding your opinions, and I would expect the same in return from you. There are people that have participated in these threads that have tried to pass themselves off as experts in areas that they have no education or experience in, and I have pointed that out when I felt it was necessary. I'm not going to apologize for noticing that. I stand firmly in my position concerning the IPT which is based on principle, not personalities. The best place to get my feelings and opinions regarding this subject is to get it from my mouth, not in these forums.

 

[Cameron Smith]

So would you contact his company and give them your credit card number? be honest.

Stop with that arguement. How many people would you give your credit card number to. How many people would anyone give their credit card to.

From reading the posts on this forum I have noticed a handful of people who constantly attack Kevin Trudeau and his new tour. First, regardless of his past it is not incomprehensible to believe that he does believe in these natural cures. But whether he does or not, I dont care! Second the only people on this forum that the IPT directly affects is Colin, Rackmsuckr and Dino Andrews (sorry if I left out anyone involved). As long as they get the monies that they are owed by Trudeau then there is nothing to complain about. Trudeau has committed money for two years of this tour. Should it fail there will still be the UPA, WPA, WPBS etc. There are more than 150 pros in the US and the world so there will be no shortage of players to play in the on the tours that has already been established. And since there are only a handful of IPT tournaments obviously the pros on the tour will be playing other events either to supplement their income (if they're not winning) and/or to ensure they are still in competion (which is just as important). Two years from now all of the old organisations will still be here, and if they are not then they had a VERY poor business model.

My point is this, does not effect anybody but those directly involved. Instead of complaining about adopt a wait and see attitude or be optimistic.

PS this does not address Blackjack since I do see the validity in some of his points, though I dont neccessarily agree. At least he is providing logical arguements.

Regards

 

[sjm]

This was merely to point out...that the IPT is well-financed.

The suggestion that a business venture is automatically backed by all the private assets of its proprietor(s) is false. It is sometimes true, as may be the case if a business is set up as a partnership or sole prorpietorship. If a business is set up as a corporation, and you may rest assured that the IPT is set up that way, the concept of limited liability is in play.

When a corporation defaults on its debts and files for bankruptcy, its creditors usually end up with just a fraction of the monies due them, as they have a claim on the net assets of the corporation, and not on the private assets of the corporation's proprietors.

The size of KT's bankbook is only relevant in that he may be more willing to take losses in the early stages of the venture without folding. Then again, THE BEST BUSINESSMEN ARE THE LEAST LIKELY TO STUBBORNLY PERSIST IN FUNDING PROJECTS THAT DO NOT APPEAR TO BE GENERATING THE KIND OF REVENUE THAT WILL COVER ALL COSTS.

KT has a vision and a business model and I'm hopeful and optimistic that his vision and his business model will stand the test of time. If not, he will not be as likely, but will be more likely, than a lesser businessman to pull the financial plug on this venture, which is not, as you suggest, backed by his personal assets.

So, just like me, cross your fingers and hope this venture makes money.

 

[macguy]

The suggestion that a business venture is automatically backed by all the private assets of its proprietor(s) is false. It is sometimes true, as may be the case if a business is set up as a partnership or sole prorpietorship. If a business is set up as a corporation, and you may rest assured that the IPT is set up that way, the concept of limited liability is in play.

When a corporation defaults on its debts and files for bankruptcy, its creditors usually end up with just a fraction of the monies due them, as they have a claim on the net assets of the corporation, and not on the private assets of the corporation's proprietors.

The size of KT's bankbook is only relevant in that he may be more willing to take losses in the early stages of the venture without folding. Then again, THE BEST BUSINESSMEN ARE THE LEAST LIKELY TO STUBBORNLY PERSIST IN FUNDING PROJECTS THAT DO NOT APPEAR TO BE GENERATING THE KIND OF REVENUE THAT WILL COVER ALL COSTS.

KT has a vision and a business model and I'm hopeful and optimistic that his vision and his business model will stand the test of time. If not, he will not be as likely, but will be more likely, than a lesser businessman to pull the financial plug on this venture, which is not, as you suggest, backed by his personal assets.

So, just like me, cross your fingers and hope this venture makes money.

You have about summed it up pretty good here. I never like the argument where someone defends actions by saying "well other people are doing it". To say the world is corrupt does not excuse others for bad deeds. Kt just seems to have a way of over promising and telling people what he knows they want to hear and making a living from it. This is common you see it all the time in fact the public demands it. You get your car fixed and as you are leaving you ask the mechanic, "Does that do it, it should run fine now right and I won't have any more problems"? You are not asking a question, you are saying tell me what I want to hear so I can live my life and not have to worry, and the mechanic does.

Is the mechanic lying, maybe yes, maybe no, but he has to tell you what you want to hear because the way you posed your question demanded it. Kt is telling people what they want to hear even though he probably has no idea how this is going to happen. If you look at his tournament schedule he has a ridiculous list now of tournaments that will most likely never happen. It is easy to just start making up titles for tournaments and posting them on his web site and getting people excited but there can be no basis for them at this time, they don't even have the first tournament finalized yet much less tournaments that are years away. Tell people what they want to hear and they will follow you, it has always been a proven formula and has worked well for him all his life. I think actions will have to speak louder then words when it comes to this tour you can take much of what the players and public are being told with a grain of salt.

I always liked the line in the Godfather where Tom Hagen says ,"Mr. Corleone likes to hear bad news right a way." That's a pretty good rule if you think about it. Rose glasses can be comforting but at some point the s*it hits the fan, it is better to see it coming. For us who are just spectators it really won't matter, for the players though who will have invested thousands of dollars traveling, maybe quit jobs to devote more time to practice, relocated to be closer to a good pool room to practice or even bought their own table maybe going in debt to do so before they have actually realize one dollar, they should be able to feel they are not being BS'ed every time they turn around and now players are being asked to spend thousands of dollars to win their way on to a tour that at this point doesn't not even exist except on paper. It is very difficult if you are not one of the hopeful players somewhat blinded with enthusiasm, to look at almost everything about the IPT and not have questions. If this thing is successful on any level it will most likely not be anything like the current thumb nail sketch that has been presented. Hopefully it is not be a complete disaster and the players make at least a little money for their efforts.

 

[wayne]

I always liked the line in the Godfather where Tom Hagen says ,"Mr. Corleone likes to hear bad news right a way." That's a pretty good rule if you think about it.

Yes, that is a good rule and the other part of the rule is "kill the person who constantly brings bad news."

Wayne

 

[Cameron Smith]

Did all of the players from the King of the Hill get paid? I would think that we would have heard about it if they had not. Especially considering the connections that some of the people on this forum have. As long as those 150 players get their money then there is nothing to complain about.

 

[macguy]

Yes, that is a good rule and the other part of the rule is "kill the person who constantly brings bad news."

Wayne

Maybe for a loser but not if someones smart. Smart people surround themselves with people who tell them the truth. Idiots hire yes men.

 

[Purdman]

Is KT Rich

Perhaps financially but he is bankrupt in the ethics department! This is for all you YES men out there who can't see past a few dollar signs.
Purdman

 

[Nostroke]

Perhaps financially but he is bankrupt in the ethics department! This is for all you YES men out there who can't see past a few dollar signs.
Purdman

I listened to the first 10 minutes of his spiel. After he revealed in the beginning that his total measure of a man is how much money they have accumulated in life, I couldnt listen further. In fact he scares me.

 

[Purdman]

I listened to the first 10 minutes of his spiel. After he revealed in the beginning that his total measure of a man is how much money they have accumulated in life, I couldnt listen further. In fact he scares me.

Don't get to close to the fire and you won't get burnt my friend. A camel will crawl thru the eye of a needle before a rich man gets into heaven! You ever wonder why?
Actually, I think we are all going to make it. It is just a matter of how many times we got to come back here. Ya know, it ain't getting no prettier around here. I don't want to come back. JMHO
Gomer Purdman

 

[Colin Colenso]

Perhaps financially but he is bankrupt in the ethics department! This is for all you YES men out there who can't see past a few dollar signs.
Purdman

I understand that most of his millions have been made by offering products with money-back guarantee of satisfaction. Hence his wealth is a measure of his consumer satisfaction.

If this is unethical, then the capitalist market system is unethical. Something I fervently do not believe. The 100 million plus people who died this past century under socialist systems should be plenty of reason to recognize the superiority of the market system in providing satisfaction of human wants.

 

[Nostroke]

I understand that most of his millions have been made by offering products with money-back guarantee of satisfaction. Hence his wealth is a measure of his consumer satisfaction.

If this is unethical, then the capitalist market system is unethical. Something I fervently do not believe. The 100 million plus people who died this past century under socialist systems should be plenty of reason to recognize the superiority of the market system in providing satisfaction of human wants.

Only a small percentage of people return a mail order product no matter how much they hate it. I have two friends that bought the book and found it totally worthless yet are not bothering to return it.

All that infomercial stuff has money back guarantee-almost none of it is any good. Ever try that crap Didi 7? Gets every kind of stain out? Sure it does as long as the stain isnt dry yet.

These marketers know the crap doesnt work. They just count on only a small percentage of returns no matter what and thats what they get.

 

[JLW]

I understand that most of his millions have been made by offering products with money-back guarantee of satisfaction. Hence his wealth is a measure of his consumer satisfaction.

If this is unethical, then the capitalist market system is unethical. Something I fervently do not believe. The 100 million plus people who died this past century under socialist systems should be plenty of reason to recognize the superiority of the market system in providing satisfaction of human wants.

Colin-
I've said many times before that I am really hoping the IPT works out. I think the players and fans deserve to have pool back in the media spotlight. So I'm not against the IPT tour or pros getting some good paydays. But, let's all be honest about who Kevin Trudeau is and what he's done to unsuspecting consumers throughout the years. Here's a link to a good recap of KT's business ventures in the capitalist market system:

http://en.wikipedia.org/wiki/Kevin_Trudeau

That doesn't sound to me like someone who has behaved in an ethical manner. Maybe he's changed. Who knows? For the players' sake, I hope he has. They deserve to be treated like the champions they are. So good luck to all of you on the tour. I'm rooting for you guys.