Is Financial Freedom Formula legit or a scam? Check out this Financial Freedom Formula review to learn why I wouldn’t trust this program with my money.
**This is not a review of Joan Sotkin’s “Financial Freedom Formula” course.
I have mixed feelings about this program if I’m being honest. There are elements of truth in some of the things they say in their sales video while a lot of the things they say are just blatant lies! Even though their promotion antics make this program look shady, they are not an outright scam.
However, I suggest you stay away from this program and I will be sharing why in this review.
What is Financial Freedom Formula?
This is a blueprint program that tells you how to make money on freelance websites.
I have no qualms with the idea of teaching people how to make the most out of freelancing. This idea is not too far off from what Slick Daily Profits managed to pull off.
The difference between these two programs is in the execution and one other issue. I have to say the execution by FFF is terrible, to say the least, and there is this other huge issue Slick Daily Profits did not have…
There is zero information anywhere on this fellow called James Foster. I don’t know if he is the owner of Financial Freedom Formula or if there is even any real person by the name James Foster.
However, I can confirm to you that James Foster is NOT this guy!
How do I know? I double-clicked on the photo and did a simple Google search…
If they could attempt to trick you with the photo, tell me why the claim this person made over 1 million dollars is not a lie too? Even if this James Foster guy made over $1M, how do we know it’s from this system?
Whenever I spot a blatant lie in a program, it becomes nearly impossible for me to trust that program. This is one reason I suggest you run away from Financial Freedom Formula.
If you want to make money online, I recommend you build your own online business where you call all the shots and promote whatever you want.
How does it work?
The gist of it is: You draw up a list of things you are already good at and then you scout through freelance websites to find people or companies that are willing to pay for the skills you already have.
Then they tell you what to say when these people/companies get back to you to know if you are the right fit for the job. This is basically an “interview prep”.
Lastly, they give you advice on what to do when you get more jobs from people/companies than you can handle yourself – Outsource the jobs to others for a fraction of the amount you are paid.
This method of earning income is completely legitimate. The question marks are with the scam antics in their promotion and with the quality of training they provide.
What I Liked
Exploiting Freelancing: You already have skills to do something. It is always a good thing to get paid to do something you already know how to do.
They Tell Some Truths: Is it possible to work whenever you want from wherever you want and make as much as $150K a year? Yes, it is. Is it possible to have an online business that generates income for you on auto-pilot by this time next year? Yes, it is. Not sure it’s with them though.
No Upsells: This was a huge shocker to me I must say. How could it be with all the fishy stuff on their homepage that these guys did not offer any upsells? You pay $47 and that’s it!
What I Didn’t Like
They Tell Some Killer Lies: In one of the testimonials, someone says they made $11,381 after following the program for 30 days with 4 hours of work per week. This is an outrageous lie!
They claim there is space for only 100 people. This is a lie. In the subscription form, they claim they will give you a free report. Guess what? I filled in my email and did not get any free report.
The Owner is not Real: I already dedicated a whole section above to our friend, James Foster.
The Training is Pretty Basic: I described how the system works. If you Google how to make money on freelance websites, you will get more quality information than you will get in their training.
Refunds: I know they claim you can get a refund after 60 days if you are not fully satisfied with the program but I know from experience that it is so much harder to get a refund from someone with an unknown identity.
Who is it for?
Everyone can make money freelancing, to be honest. If you have any skill at all, you can make money doing it for people or companies looking to pay for that skill.
Would I recommend you pay Financial Freedom Formula to remind you that you have a skill and that you can profit from this skill? Not really.
FFF is a training program. They offer training, so it is actually not a scam. However, the training is too basic for my liking. Everything they teach is common sense really.
The Financial Freedom Formula is actually a vague 5-step blueprint in freelancing. Other than an overview video summarizing how the system works, all you get are 5 other training videos called “webinars” with assigned tasks to them.
I find this weird because I could swear webinars are usually long and comprehensive. Anyway, onto the “webinars”:
Webinar 1: This video helps you determine your niche. In case you were wondering, your niche is basically your passion, interest or a skill you want to build your business around.
Webinar 2: This webinar helps you find the people or companies that are looking for your skills and are willing to pay for it. The freelance websites they mention are Elance.com, Upwork.com, and Freelancer.com.
Webinar 3: This webinar teaches you how to market your skills to make them more attractive to potential companies looking for those skills. Basically, they teach you how to write an online resume.
Webinar 4: This video is about what you do and say when someone or a company is ready to offer you a gig. Pretty basic stuff about “closing the deal”. All the person wants to know is if you know your stuff.
Webinar 5: When you get to the stage where you are getting more gigs than you could possibly handle all by yourself, you are going to want to outsource some of them. Instead of declining these gigs, you could outsource them for a fraction of the pay and still end up better off.
The issue with this is these people or companies are offering you gigs based on your previous work and a lot of these freelancers’ work will not be of the same quality as the work the companies would expect from you. If you manage to get a small team of freelancers whom you trust, you should be fine.
Financial Freedom Formula has mentioned a completely legitimate system: Freelancing. This is a system that enables people with various skills to make money. But now that they have put the idea in your head and you have read what freelance websites they recommend in this review, please remind me why exactly you need to pay for this program again?
My top recommendation, Wealthy Affiliate, has a similar goal: building a successful long-term business online. However, the difference in the quality of execution between the two programs is so glaring.
In WA, you are trained to build your business through creating your very own website. This way, the business is truly yours and yours alone. Customers look for you and find you instead of you going to look for a “job” on a freelancing site.
Come to think of it, what happens if Upwork.com and the rest of them shut down? What happens if you accidentally breach one their terms and they decide to kick you out?
You could argue freelancing is a business because you set your own hours but since the business occurs on another person’s website, you really do not call all the shots.
Having said all that, either system should work well for you and they both have the potential for some very nice income. I’m just more inclined towards the program where you can create a free account, get 2 free websites, more comprehensive training and a whole community to support you.
Financial Freedom Formula Review
PRODUCT NAME: Financial Freedom Formula
Overall Ranking: 40/100
Owners: Some guy called “James Foster”
Verdict: Borderline Legit
Summary: Even though freelancing is a legit way to make money, this program has way too many red flags to trustworthy. I have only one real recommendation to learn how to make money online.