Does spending money increase overall learning?

21 replies
Hello WF,

Yesterday, I was involved in a heated argument about if spending money on courses was worth it overall, but something came up about the correlation of spending money and taking a course seriously.

Do you believe (or is there a study) that people are more likely to learn if they put money in (invested) in a course instead of finding a free course or using free information on the web?

Also, on a side-note, are paid courses from authority figures like Digitalmarketer.com and Grant Cardone University "worth it" or are they "using their authority" to sell courses?

Thanks!
#increase #learning #money #spending
  • Profile picture of the author superowid
    Spending money doesn't necessary related to taking action, but spending time does! The willingness to spend more of your time to learn and master the course is more important. I started my IM journey with every free resources available (especially in the old WF days - where people were so helpful). I made my first money first... and then I decided to get into more advanced courses to level up my ability. And I didn't spend a lot, because even back then I got a good cheap course for my need. So not always the most expensive course can help you. That's not a guarantee.
    It's like taking a school. Expensive school doesn't guarantee you to be smart, even though it teaches you with the best education.
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  • Profile picture of the author expmrb
    I don't think so that more money can buy more excellence or knowledge.

    If you don't work at field no matter how much you spend you will gain nothing.
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  • Profile picture of the author discrat
    It's all subjective. It can speed up the learning process if you buy something that has the info. you desire in a well written and very organized manner
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  • Profile picture of the author shaneostar
    Hey friend,
    You always need to invest in yourself which means paying for excellence in the form of courses &/or coaching.
    Free information can be found anywhere though when you invest in paid courses you are getting solid information someone who has succeeded in the endeavor that you are pursuing.
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    • Profile picture of the author OptedIn
      Originally Posted by shaneostar View Post

      when you invest in paid courses you are getting solid information someone who has succeeded in the endeavor that you are pursuing.
      Oh, if that were only true. Of course, someone will be making money as long as people believe this tired, old canard. I'm amazed at some of the things that people believe and want others to believe.
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      • Profile picture of the author shaneostar
        I am surprised being on this forum you do not believe in investing in yourself?
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  • Profile picture of the author helisell
    You gotta be careful.

    I certainly wouldn't buy anything from Cordone.

    It's all just bravado and showing off.....won't work for the majority here.
    So buyer beware.

    There are however some great paid resources on the forum.
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  • Profile picture of the author Domenick DelBuco
    So, you don't think that investing money doesn't subliminally tell your mind not to waste, so you commit more time to learn the course?
    I really think it does!
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  • Profile picture of the author Jason Kanigan
    Well look at it this way:

    If you have $1000 to spend and you put it into FB ads...but you have no framework to understand what you're doing...or a feedback loop that helps you dial into the results you want...you're just throwing levers and turning dials hoping things turn out.

    (Yours truly did this with $3K right before advanced targeting came out on FB several years back...dumb! Never lost money so fast--FB will show your ads and spend your money all right! Just...to who, exactly?)

    By getting a course you get that framework and feedback loop. It's up to you to learn and implement, of course, but at least you have it available. That will definitely speed up your move up the learning curve.

    Knowing what to shoot for is really, really important. In sales, for instance, untrained newbies have zero idea what they're doing and they make a dog's breakfast out of conversations. But once they have a consistent sales process, they can "perform" along with that process. Sure, they'll forget steps and make mistakes in execution, but they have a guideline to shoot for. Things they ought to be doing.

    Now about the second part of your question, regarding investing money and any correlation to stick-to-it-iveness:

    No. I have seen no such study nor has the human behavior I've witnessed supported it.

    F'instance you get these guys who buy a really nice expensive camera and some expensive gear to go with it. Then they never use it or if they do they take terrible photos and blame the equipment.

    Did they invest? Heavily? On expert advice?

    Heh, yes they did. Lousy gearhead experts *grumbles* forgot to mention to them that they had to practice the principles of good photography to start thinking like a photographer!

    I have several instances of buyers of my program who have never logged in. They paid, they got the good feeling they wanted of having my help available, but never looked inside the membership sites. And they're happy. Not just me...I talk to other product makers who have had the same experience.

    But what about investments above say four figures? My friend Brad sells a day or two consulting in a certain risque business for around $120K. And he says roughly 8 out of 10 people who hire him never do anything with what he shares with them. They just want to smile and know the ideas and feel good about having done something, apparently.

    So the only thing I've found price to be good for is as a screening tool. It's one factor of many to find your action-taker "good" buyer/client and by itself it is not enough for qualification.
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  • Profile picture of the author DIABL0
    I think it depends on the person.

    You would be surprised how many people pay for courses / training (even high ticket) and never do anything or they start but don't follow through 100%.

    As far as it being worth it or not, really depends on the course / training.

    I've seen people say that you should never spend money on a course. Everything you need to know already exists on the web for free. Well, that is just total BS. There is plenty of information that you just won't get access to without paying.

    Just my 2 cents.
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    • Profile picture of the author Domenick DelBuco
      I agree.
      I think most of the value comes with the compilation of knowledge. Some things I wouldn't know to even research, it would have taken me years and years to even realize I needed time management skills, but one of the people I follow had brought it up. Without just that one key element, I would have been doing things wrong, nevermind the hundreds of other elements that most people don't even know to search for in the first place. It's the compilation that matters I think
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  • Profile picture of the author ryanbiddulph
    Hi DD,

    People seem to get more chuffed about premium learning. Drop da dough then they are geesed to dive in, study, learn and practice based on their new found knowledge.

    Folks also dig free content too.

    My thing is; it's only money. So spend it to buy something that you resonate with. Even more important; never make money excuses when it comes to buying something you should buy to give you training that furthers their online careers.

    As for Grant Cardone or DM here's the drill; these folks gave their lives to service, and when you do that, giving your lives to giving, you add a price tag to your courses and all the giving you did results in tons of getting. Getting of money, of recognition and traffic and sweetness.

    Definitely worth it. Here's why; they developed years of their lives learning a skill, and mastering it, so instead of struggling for years or over a decade trying to learn that skill, you pay $100 or $500 or $1000 to do what works, from day one, and see success in 6 to 12 months, or 1-2 years, instead of....never....LOL.

    Ryan
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  • Profile picture of the author ChrisBa
    Originally Posted by Domenick DelBuco View Post

    Hello WF,

    Yesterday, I was involved in a heated argument about if spending money on courses was worth it overall, but something came up about the correlation of spending money and taking a course seriously.

    Do you believe (or is there a study) that people are more likely to learn if they put money in (invested) in a course instead of finding a free course or using free information on the web?

    Also, on a side-note, are paid courses from authority figures like Digitalmarketer.com and Grant Cardone University "worth it" or are they "using their authority" to sell courses?

    Thanks!
    IMO it will help as long as you pick the right one.

    In addition to the theory on if people invest in learning they are more motivated to succeed. If you can learn from other people's experiences and mistakes then why not.
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  • Profile picture of the author Kay King
    I'm surprised people could get involved in a 'heated argument' over such a question.

    If you spend money on the RIGHT (for YOU) ebooks, programs, software, coaching, training programs....

    AND you are smart enough to learn from what you buy....

    AND you put the time/effort in to access and understand/test what you purchased.


    If your main focus is on what you (or others) 'spend' rather than on what you are 'earning'....that's a whole other conversation....
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  • Profile picture of the author tryinhere
    If you go to any courses or seminars, look around at all of the people, and on average 99 out of 100 people will not make any headway and you will see the same people at the next best shiny event.

    If 100 people get the same information and only 1 ever gets the rewards, why is that ? ask that question, and in most cases you will find that 1 person, studied, adapted and applied what they learnt, the other 99 would have said wow great information and then within 3 days forgotten all about any thing they learnt and will be out looking for the next silver bullet to change their life.

    With knowing that I would have no problems paying for good advice and would be a good investment in time.

    But bunny hopping and going through the motions of covering yourself with fairy dust, golden sparkles, wobbly talk and no commitment to what you learn, will just waste your time regardless of costs.
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  • Profile picture of the author tristatemedia
    free is good specially from this from , you can learn alot. but with free info. it is like a puzzle where you have to find all this info and put it together. paid, everything is up to date and in one place..
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  • Profile picture of the author Randall Magwood
    Dude just do paid advertising and sell the damn thing. Your thoughts are causing you to get older on earth and causing you to waste time.
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  • Profile picture of the author ezjob
    I know that if I put money down for a product I will take more of an interest in learning that method.

    I buy products from folks I really know who provide good products.

    Every now and then I will try new things from others if I really believe it will help me. If it doesn't I don't buy from them anymore.

    I'll sign up with someone to get something for free if it interest me. Also, it is a good way to size them up and see if their product is good.

    If that free product is good then I won't hesitate to buy from them.

    Freebies are a good way to find out more about a seller before you purchase their products.
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  • Profile picture of the author mrskl
    Spending money could be one factor, but once you have the skills and knowledge to strategize, you could save more money
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  • Profile picture of the author DURABLEOILCOM
    I believe spending money on Internet Marketing Books from quality authors does increase overall learning.
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  • Profile picture of the author agmccall
    if it is something that you want or need to learn, and it does just that then it is worth it.

    Like kay said why would anyone have a heated argument over something like that, furthermore, I can't believe I or anyone else is actually participating in this conversation.

    al
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