TLDR – What’s The Verdict On Wealth Network?
Day trading is becoming increasingly popular, due to gurus making hefty promises of fast money and financial independence.
However, studies show that the majority of day traders don’t even make a profit. I’ll link some of them below.
A lot of these private trading chat groups are made to set up ‘pump and dump’ schemes. This is where gurus hype up a particular stock so their followers buy and raise its value, only to sell it and leave them holding over-valued assets.
Regardless of whether that’s happening in Wealth Network, the odds still suggest that you won’t make good money by joining this group.
If you’re looking to make passive income online, I’d feel more comfortable recommending reliable business models like The Digital Rental Method.
Here, you’ll profit by building lead-generating digital assets and renting them out to local business owners.
It’ll take a few weeks to build your first asset, which you should be able to rent out for $500 – $2,000 per month depending on the niche.
From there, it’s a simple copy-paste process to create another asset, find another willing renter and scale up your income.
There are barely any overheads associated with this business model. There are no huge financial risks. There’s no ongoing maintenance or customer service.
If that sounds interesting, you can watch this short video to learn more about how it works.
Who Would Benefit From Wealth Network And Who Wouldn’t?
I’d recommend Wealth Network if:
- you’re familiar and comfortable with the risks of day trading
- you’re a fan of Basil Atwani and you’re comfortable with the idea of following his recommendations
- you only invest capital that you’re comfortable losing
Unless you fit in all three of these categories, I’d suggest that this course isn’t for you. There are many other more reliable ways to make money online.
Looking for top social media marketing advice? See my listing of the best Social Media Marketing Courses & Gurus.
Wealth Network 1,000 FT View
Business Model: Day Trading
Day trading involves buying financial instruments such as stocks and selling them before the market closes for the day. This method of trading aims to take advantage of short-term fluctuations in prices.
It’s a complicated skill to learn due to its fast-paced nature and the complexity of short-term financial fluctuations.
According to Investopedia, it’s commonly accepted that 10%-15% of day traders are successful over time. An investigation by Coffeezilla cited scientific papers that found between 19%-36% of day traders make a profit, and another study that found that only 8% of traders make the equivalent to minimum wage.
| Area | Score | Description |
|---|---|---|
| Time investment | 4/5 | It doesn’t take long to copy other people’s trades |
| Level of control | 1/5 | You have no control over whether the markets go up or down |
| Ease of implementation | 4/5 | It’s easy enough to set yourself up to start trading. |
| Profit potential | 1/5 | Studies show that most people end up losing money |
Who is Josef Rakich?
Josef Rakich is a fitness influencer who says he never paid attention in school and had little chance of thriving academically.
Luckily, he was able to put all of his focus into building an aesthetic body and a large audience on social media.
Once that audience was in place, he created online courses to sell them such as Fitness Keto Shred 2.0 and Ultimate Body Transformation Program.
These programs have mixed reviews on Trust Pilot. While 72% of customers have given him a 5-star rating, a further 17% of customers gave him one star and shared their negative experience with the world.
Although Josef shares basic business advice on his social media, he has no business teaching people how to trade. That’s why he teamed up with professional trader Basil Atwani to launch Wealth Network.
Josef has been posting flashy social media photos alongside his Lamborghini in Dubai for some time. Now, he’s suggesting that the advice in Wealth Network is what helped him make his money.
How Much Does Wealth Network Cost?
Wealth Network is free to join. To get involved, you follow the instructions on the Wealth Network website to join the free Telegram group. From there, you have to DM Basil the message ‘VIP’ and he’ll add you to the VIP group where he shares the trades.
His Telegram user name is @BasilAtwani_DM. If you get a message from him, you know it’s the real Wealth Network.
Wealth Network Review: My Personal Opinion
I’d never heard of Josef Rakich until he launched his Wealth Network. Upon starting my research, I found it strange that a fitness expert was pivoting into financial advice, especially in a niche like day trading that’s so notorious for scams.
When I saw his TrustPilot had several customers complaining about being wrongly charged, even more alarm bells started ringing.
I couldn’t find any evidence that Wealth Network is scamming people, but I’m still going to warn you away from this course because data shows that most day traders struggle to make meaningful profits.
Should You Worry About A Wealth Network Scam?
I haven’t found any clear evidence that Wealth Network is a scam, so I’m not going to label it as one.
However, once again, I’d like to point you toward the studies which show that day trading is a losing game for most people.
Most people will make more profit from putting their savings into an index fund and getting on with their lives.
That way, they’d spare themselves the stress of continuously monitoring market movements and gambling huge sums of money.
For me, the selling point of an online business is to avoid stress and live a comfortable life. That’s why I prefer to recommend reliable business models like The Digital Rental Method.
In this program, the DRM coaches will walk you through every step of creating your first Digital Rental Property.
These assets tend to generate $10,000s worth of leads, so it’s not difficult to find a business owner to rent it for $500 – $2,000 per month.
From there, it’s super-easy to clone your existing assets, find more business owners and scale your business to the moon.
I know young adults who are traveling the world in style with the rent generated by their digital assets. Other people use this business opportunity as their chance to escape the 9-5 and spend more quality time with their loved ones.
Whatever your goals are, The Digital Rental Method helps to separate your income from your time and make it happen. You can watch this short video to learn more about how it works.
What’s Inside Wealth Network?
When you join Wealth Network, you’ll be given access to:
- A private Telegram group
- A trading course
- Daily trading signals
- Weekly Zoom calls
What’s The Conclusion?
I’m not a fan of day trading. The studies are out there showing that you’re likely to lose money.
For that reason, I can’t recommend Wealth Network to anyone even if the course is free.
There are more reliable and less stressful ways to make money online than this.
I also reviewed Online Revenue System. The course shows you how to use the software with limited support and a private Facebook group for community interaction.
Additionally, I have a review of Rockstar Marketing Blueprint by Rene Lacad. It offers valuable insights but focuses heavily on social media marketing, missing broader digital strategies and presenting some risks.
Top Alternative / #1 Way To Make Money
I’ve personally tried all of the major online business models:
- I’ve traded crypto & purchased a bunch of fancy “insider stock tip” newsletters
- I’ve sold fidget spinners through Amazon FBA
- I’ve dabbled with real estate investing
- I’ve drop-shipped a toilet-bowl putting green on Shopify (pic below)
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model. There are nitty gritty details with all of them that aren’t fun to deal with.
That being said, my #1 recommendation for making real money online is, hands-down: The Digital Rental Method.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, The Digital Rental Method is for you.
Why?
1)Time: The Digital Rental Method is a stress-free online hustle that can make you passive income whether you’ve got an hour per day to spare or a full 40-hour week. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
Because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring. And there’s no need to stress because the markets aren’t doing what you’d hoped.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
2) You Own & Control EVERYTHING: When it comes to the markets, nothing is in your control. You have zero influence over market-shifting macro-economic trends.
Sure, you technically own the stocks you buy, for a few hours at least. But this isn’t a solid long term bet like the real estate industry. Few day traders can consistently beat the markets over a long period.
With The Digital Rental Method, you literally own all of the assets, which means you have ultimate control. Better yet, these assets will deliver reliable rental income into your bank account month after month.
3) It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first digital asset up and running, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income in the markets, you would need to make twice as many winning trades, or double your profit on each trade. And I can guarantee you that’s a lot harder than a few clicks & a phone call, no matter what expert you’ve hired to call the plays.
4) Make Money Helping Real People: When you make money in the markets, you’re not really helping anyone but yourself (or maybe the other people in your ‘pump and dump’ Telegram group, provided they get out in time). Either way, there is a loser on the other end of every trade.
But when you’re talking about Digital Rental Method, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If we can provide those customers, they’re going to have a bright future – and they’re going to pay you for it.
You’re helping a struggling mother or father put FOOD on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other programs like Wealth Network, which might make you money if you luck out.
You could keep researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside and make the decision to ACTUALLY make something happen, just like thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like a plan, click here to see how it all works.
