Get-rich course provider faces huge losses as few enroll

A decade ago, I recall people posting bold instructional videos on how to earn US$100,000 in six months or become a billionaire. These often prompted comments questioning whether the individuals had become wealthy and what their current status was.

This might be a precursor to today’s wealth-building courses, where get-rich-quick schemes are shared in a more structured manner compared to the occasional gatherings at coffee shops.

Nowadays, get-rich courses are organized by companies and “famous speakers,” who charge fees of up to hundreds of millions of dong (VND100 million = US$3,960.09).

What’s noteworthy is that a company that provides these courses recently reported facing massive financial losses and a significant drop in sales because few people are enrolling. Those who are already taking these programs must be asking themselves: If the company teaches others how to build wealth, why is it struggling financially?

Technically, the firm could just say it is natural to incur losses due to a decline in enrollment and this does not reflect the instructors’ capabilities.

The market for these courses has been vibrant in recent years. Lured by enticing buzzwords like “super profits” and “massive returns on investment,” as well as the promise of becoming a millionaire overnight, many have not hesitated to spend large sums of money to sign up.

Becoming wealthy is not easy. It requires effort, persistence, and luck. There is no magical formula to quickly turn you into a millionaire. It is not rare for even children of affluent, successful parents to fail in business.

If you fancy any get-rich-quick course, you should do thorough research, consult those who have participated before, and carefully consider the decision. Be prepared to potentially lose money and manage your expectations.

What are your thoughts on this topic?

Reader Minh Hoang

*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.