Rick Koerber and My Journey Toward Prosperity

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In April of 2006 I attended a free seminar that was going to teach me how to invest in real estate.  I was excited to make the trip because I have heard so much about Rick Koerber and FranklinSquires.  I arrived an hour early and procured a front row seat to be sure I didn’t miss anything.  I had a voice recorder and a notepad ready to go.

The seminar started and a guy named Les McGuire introduced Rick “The Free Capitalist” Koerber.  I had never heard of Les McGuire, so I was annoyed with how often he interrupted Rick to add his comments.  I kept thinking to myself, “this will never end if he doesn’t keep his mouth shut”.  What I learned that night has changed my life forever.  

I don’t think Rick even said “real estate” the entire night.  Instead he spoke about the founding fathers, the Constitution, and a dollar bill.  Although I didn’t leave that night with a plan on how to invest in real estate, I came away with so much more.  I was shown a path to prosperity.  The steps that I needed to take were not handed out, but I knew how to start.  I began reading more books and attending all of the free seminars FranklinSquires put on.  On two separate occasions I tried to sign up for one of the classes they had, but each time they were in a transition phase and would let me know when the next class would begin.  They did call me, but I no longer had the funds readily available.

A lot has changed in my life since then.  I am not yet living an abundant life of prosperity, but I am on the path.  The one thing that I remember from that night was actually taught by that annoying Les McGuire.  People are assets.  That made so much sense to me.  People create the value.  People are irreplaceable.  Cars, homes, investments, and even money are all replaceable.  I learned that I have value to create in this world that only I am able to do.  I don’t know what it is yet, but I am looking and testing things out.

Another important thing I learned was taught by Rick Koerber.  The price of an item is determined when you would rather have the item than the money and the seller would rather have the amount of money than the item.  When people complain about being ripped off because they found out they could have bought a car cheaper at another dealer, they are trying to avoid the responsibility of their actions.  If you want a car more than $20,000 and you trade $20,000 for a car and find out later you could have gotten the same car for $15,000 you should not feel you got ripped off.  You were happy to pay $20,000 because the car was worth more than $20,000 to you.

Since that seminar a lot has changed.  Les McGuire died in a plane crash.  It was after his death that I listened to archived radio programs and read his posts on a forum.  I wished I had listened more to what he said instead of dismissing him as annoying  for interrupting the speaker I came to hear.

Greed and unwillingness to be accountable crushed the real estate market.  Some of the FranklinSquires companies started to suffer. Rumors about Rick Koerber and companies he was involved in started to spread across the media.  Many people lost hundreds of thousands of dollars, homes, and friends because the SEC forbade Founders Capital from making payments to the investors.  Only partners were allowed to invest in Founders Capital so companies were formed to raise funds and those funds were given to a partner to invest in Founders Capital.  I had a friend that put $75,000 in through his brother who then went through Sonny.  My friends money was not lost, however, because his brother personally guaranteed the funds.  My friend got his money back, but I don’t know if his brother ever did.

I have never spoken to Rick Koerber so I do not know the true story.  This is a compilation of what I have read and heard. I know there are many people out there that want nothing more than to see Rick Koerber in prison.  I will reserve judgement and even if there was fraud, he still helped me start the path to prosperity and that can never change.

Now I need to go out and create some value…

3 comments ↓

#1 Larry on 01.03.09 at 12:17 pm

RE: Many people lost hundreds of thousands of dollars, homes, and friends because the SEC forbade Founders Capital from making payments to the investors.

Actually Founders Capital ran out of $$. The SEC has never been involved. Rick doesn’t have any money.

I’m glad Rick created value for you because his actions destroyed the lives of hundreds of others.

#2 Tim Harper on 03.10.09 at 5:58 pm

I find myself perceiving a contradiction: on the one hand, Rick has really taught me a lot of wonderful things that have helped to change my life, for the better. I’m grateful that I had the opportunity to learn from him.

On the other hand, he did serve to help the hype about Real Estate. Did people get hurt? Yes, many did. Did he hurt them? No, people chose to invest their money and speculate in real estate, and they got hurt: saying Rick was the one who hurt them would be ignoring the responsibility of the individuals (who are the rightful stewards over the money they invested).

Did he teach people about Real Estate with evil intentions? Absolutely not, it just doesn’t add up, not the Rick Koerber I know.

I remember reading in Ayn Rand, Fransisco D’Anconia said: “Contradictions cannot exist. Whenever you think you are facing a contradiction, check your premises. You will find that one of them is wrong.”

#3 Tim Harper on 03.10.09 at 6:12 pm

(that all said…) I could be completely wrong about anything, I just don’t know what to think. I signed up for his PQM class, and ended up not pleased. I don’t know anyone who’s taken that class who has gotten the end result of getting out of the rat race. I have a friend who kept all of his commitments, and ended up asking for his money back. He still hasn’t gotten it back, I would assume that Rick is unable to pay him back because of financial difficulty in other areas. I kind of feel like the PQM program was thrown together really quick to make a lot of money fast. I was working on the fundamentals of wealth program, and Rick ended up discontinuing it when I was 2/3 of the way done, saying he didn’t really like the way the course was organized, it was filled with busy work, etc. And this course was supposed to be the stepping stone to one-on-one mentoring, which I never got. I ended up paying $4,000 for 3 days of classes, a few phone calls, and an online course that sold seperately for $1,100.

The online course was good, but there was very little assistance to help me progress. Rick was always too busy, and he kept saying “it’s up to you, it’s up to you”. Well, what am I paying him for then? I’m motivated to improve myself, and I signed up (and paid) for some serious insightful, dedicated help. In the end, I’ve come to the conclusion now that my time and money is better spent elsewhere.

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