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Cross-posting to Siliconstani
Hey everyone. I feel the need to get this out in the air so that none of you fall victim to this scam. This is a group called PSI. They host seminars which cost $480 for the “Basic” (first of a series). They try to sell you other seminars that cost upwards of $3500. They market these seminars as teaching you many useful tools like motivation, time management, letting go of your inhibitions, yada yada yada. Basically, for the “low cost” of the seminar, we will fix all your problems. I know someone who personally went through part of this and I am warning you, they use mild brainwashing techniques and are very demeaning. They get you locked into a state where you need to keep hearing these seminars in order to function. They can easily ruin your life be convincing you that you should get what you want now without having to work for it. Many people come out and buy houses they cant afford, max out their credit cards (or what is left after you have charged them for the cost of the seminar), and even break up with spouses and friends because their spouses are not taking the courses.
Please use extreme caution if any of your friends ask you to go to one of these. Make sure you look up some of the stories yourself if you are thinking of going. Type in “PSI Seminar” into Google and read for yourself.
PSI Seminar and what happened…
PSI Seminars on Rip Off Report
Inventions have been the hallmark behind Silicon Valley’s continued success. Inventions by ordinary people - from William Shockley and Gerald Pearson, who built the first operational version of the Transistor, to Leonard Borsack,Sandra Lerner , and William Yeager who developed the first commercially available Router. If it weren’t for people like these, ordinary people, who did extra ordinary things, the Valley of today would be a mere figment of someones imagination, an Utopian concept of an ideal society, perhaps!
Even to this very day the spirit of invention, coupled with the entrepreneurial drive is still the main force behind Silicon Valley’s continued growth. However, lets not forget all that goes into protecting this innovative spirit that most of us tend to take for granted - from the numerous patents filed to protect individuals Intellectual Property (IP) rights to the armies of lawyers engaged by individuals and corporations.
Having trust that your invention is protected from piracy is pivotal in fostering the innovative spirit. However, on more than one occasion we find the system has broken down, and broken down it has for the lone warrior such as in Dr Robert Kearn’s case, where we have bully’s who undermine the system with their inflated Corporate wallets and fancy rhetoric to gain access and rights over ideas for pennies to the dollar.
The Flash of Genius, based on a true story is a must see film for Silicon Valley’s bright and smart denizens. Silicon Valley owes a debt of gratitude to folks such as Dr Kearn who fought to protect individuals intellectual property rights, thus setting a precedence of ensuring the rightful owners of Ideas are recognized, and duly compensated.
Amidst todays fiasco on Wall Street and Capitol Hill people on “Main Street” have been worried sick about their personal investments. From 401(k)’s to stocks, your entire portfolio is at risk if you ain’t savvy on how and where to reinvest.
The concern amongst Silicon Valley denizens is no more less than that elsewhere in the country.
While perusing the web I found several useful articles that I’ve listed below. Also, I’ve attempted to highlight a few of the key take aways on managing your money. Much of this may sound like common sense to you, but then common sense is what’s missing from the market and economy today, wouldn’t you agree?
Key take aways from my readings:
Finally keep in mind the rule of thumb Suze Orman quoted on Anderson Cooper,
Your rule of thumb is money that you need within ten years is not money that belongs in the stock market because of the deterioration we have seen and will continue to see if they do not get their act together.- Suze Orman
