The €1,300 course from the self-proclaimed millionaire YouTuber

The €1,300 course from the 'millionaire' turned YouTuber

How much does it cost to learn how to become a millionaire? Thirteen hundred euros, if you sign up for the course sold by a YouTuber who presents himself as a successful investor, whom forums place living in Andorra and who flaunts his wealth in his videos. His method is the classic one in the trade: free content, an entry-level seminar and, at the end of the funnel, the paid product. The formula is nothing new. What has changed is the weariness it generates. The fraud accusations circulating online are made without any published court ruling to back them, and the man on the receiving end responds, when he responds at all, by demanding an audited trading history that nobody has seen yet. The request, repeated to the point of exhaustion, has become the refrain of the whole affair: show us the audited track record.

Why people are suspicious of those selling get-rich courses

The most repeated argument is simple to the point of hurting. If someone truly masters the markets, why do they need to charge for teaching them? Someone who lives off their books, their master's programmes or their courses doesn't actually live off investing. The logic is illustrated with a simile borrowed from the music world: those already inside don't sponsor the newcomers, because sponsoring means sharing out the pie. Applied here, the reasoning is that no genuine millionaire explains to strangers how to become one. The audited track record is demanded the way you'd demand the deeds to a house, and it never arrives.

Against that, the most indulgent diagnosis holds that financial teaching is a legitimate and highly profitable business, with or without money of one's own. Both things can be true at once, and there lies the knot: a fraud accusation doesn't stand on suspicion alone. What's missing —and what people loudly demand— is an independent verification of results that no third party has signed off on.

The snake-oil salesman's script: from the free ebook to the paid course

The commercial journey is so standardised it predicts itself. First the free ebook, then the free online seminar, then the introductory course thrown in as a gift and, at the end, the offer of the full product for a small group presented as privileged. The price of the last door is what matters: €1,300. Everything before it exists to push you towards it.

The economics of the format explain why the business works. Selling the same course to ten people or to a thousand costs practically the same, because the infrastructure is a video hosted on a platform and a virtual classroom with no desks. The margin is huge and the trainer's risk minimal: if his own trading collapses, the enrolments keep coming in. Some compare the model to the high-priced master's programmes whose real return nobody audits.

As for the actual technique, some claim he uses the martingale, the system of doubling the bet after every loss, and predict that a bear market would eventually wipe it out. That's a prediction, not an accomplished fact.

Andorra, the sports car and the symbols of success

The staging is also scripted: the expensive car, tax residency in a principality with friendly taxation and getaways to luxury destinations. That repertoire, which once impressed, is now read the other way round: the more the wealth is flaunted, the more people wonder where it comes from. The joke that best sums up the mood is the one about the wifi cutting out on the supposed millionaire; the second, the quip that there are only two ways to have that kind of fortune at that age, and neither is a course.

There's choreography in all of this. A course seller without a sports car, without a tax haven and without a financial-freedom speech doesn't look like a serious course seller. The genre has created its own wardrobe.

The Rankia closure that left the matter up in the air

The discussion reached a point of no return. A thread peine on Rankia about this very matter was closed on 12 January 2024 with a terse notice from the platform: new comments were being blocked after legal proceedings had been initiated concerning its content. That's where the verifiable part ends. The accusations have not been proven, and the public responses have convinced hardly anyone.

The rest is told by the calendar: the course still costs €1,300 and the audited track record still hasn't appeared. Perhaps it's in module eight.