You’re probably reading up on the reviews of the freedom checks program because though you heard all the ‘perks’, you are smart enough to want to do your research. Honestly, it’s a little too good to be true. And, who wouldn’t want to find out if the program – freedom checks, is a scam or legit?
Imagine someone tells you that the taxpayers in America are to share in $34.6 billion worth of ‘Freedom Checks’. And, all you’d need to do is sign up with just $10 to earn big!
Tempting right?! However, it should be clear that that is not the full story, not by a long shot. There are a bunch of facts not stated there.
This review of freedom checks would reveal if the program is a scam or if it is legit.
What Are Freedom Checks?
Freedom Checks is a term Matt Badiali came up with, though it is a legitimate investment strategy.
It is about investing in MLP companies. An MLP – or Master Limited Partnership, is an exceptional company structure that pays investors a monthly, or quarterly return on investment.
They are risky schemes that are also typically expensive. They are not for regular investors with spare ten dollars, and the chance you’ll make the big money is pretty unlikely, though few people succeed.
A review of an eight-page PDF revealed the process and the MLP companies Matt recommends for investors. If you read that and are wondering what the fuss is all about, this is all the “$34.6 billion freedom check payout” he’s talking about.
Now, here’s the interesting part. You can get this, only by getting a yearly subscription to “Real Wealth Strategist”. The freedom check is presented as a ‘part’ of this subscription.
Requirements like this leave people questioning if the freedom checks are legit or a scam.
A review of this whole scheme makes it obvious that the freedom checks is just a sales pitch for a yearly subscription to Real Wealth Strategist.
Who Is Matt Badiali?
Matt Badiali is a geologist who claims he has sound experience in perceiving profitable investments in natural resources and financial analysis. You will see from his website that he is supposedly an expert in mining, energy, and agricultural industries.
As an expert consultant with over twenty decades of experience in geographic data analysis for top-class investments in the sector, his knowledge has taken him all over the world. And, as a geology tutor at Duke University and the University of North Carolina, his qualifications are highly rated in his field.
He is chiefly responsible for the buzz around the Freedom Checks, though it’s operated by a company called Banyan Hill. He’s also the figurehead for the Banyan Hill publishing company, and they handle the sale of the Freedom Checks newsletter.
I know!
I thought about the same thing.
What makes a geologist able to help investors get five and six-figure yearly checks? Perhaps knowing the source of the money will throw a beam on that.
Where Do The Freedom Checks Come From?
As I’d earlier stated in this review, the Freedom Check is fronted by Matt Badiali. And, according to him, the freedom checks are supposedly paid by “designated entities”. These designated entities are companies in the natural resources sector – such as oil & gas companies.
In Matt’s opinion, based on historical analysis of these companies, he is expecting profits of about 39,832% in the coming year since the oil production in Middle Eastern countries has reduced. However, it has been smooth sailing in the USA because of a recent fracking boom.
He speculates that this would cause these companies to see extremely large profits. And as an investor, you’d potentially see a huge ROI on your stake.
Though it’s a sound ideology, we still can’t deny the fact that it’s all based on assumptions. Who can be certain of the progress or decline of a company in these times?!
Honestly, even though Matt’s review was valid, it doesn’t rule out the fact that Freedom Checks are not guaranteed.
How Do Freedom Checks Really Work?
This venture revolves around making investments in MLP companies and receiving an annual yield (ROI) depending on the company’s success.
So, you would be a ‘unitholder’ or shareholder of a company hoping they will perform great.
Basically, MLPs are publicly traded companies that require a vast amount of capital for them to operate. Most of them are owned by companies in the oil and gas industries.
They work just how stock dividends do, where you buy shares of a company, and expect stock dividends. However, there are certain tax advantages and other variances with this model.
These companies share at least 90% of their entire revenue with their investors. Neither the companies nor their investors who receive this income pay tax. You can only pay income tax on these earnings when you sell your shares.
Though it’s challenging to tell the exact companies that would be profitable, Matt Badialiand his Freedom Checks program come with this offer.
His program promises to give you access to his research and knowledge to help you choose the best companies to invest in.
According to him, you can invest in these companies for as low as $10. After investing, you only need to wait to be paid the monthly dividend.
His video claims that you can earn $124,000 a year, maybe more from this program. Although that is possible, you will not make that much from a $10 investment. To earn that kind of dividend, you will need an investment of thousands of dollars or even a million dollars.
Since research shows these MLP companies usually pay up to 5 to 10% of your investment yearly, these figures are uncertain as they can either higher or lower, depending on several factors.
What Are The Benefits Of Subscribing To The Freedom Checks Program?
To get access to the Freedom Checks program, you would have to subscribe first to Real Wealth Strategies.
The Real Wealth Strategy is a newsletter that Matt created, which offers you access to research and education about several topics on investments, plus the Freedom Checks program.
There are three options to this subscription with the more expensive packages offering an additional bonus. The cheapest option costs $47 a year, includes several Special Reports, and the Freedom Checks. It will also offer you access to Trade Alerts, Matt’s Model Portfolio, and Monthly Briefing.
The more expensive subscriptions like the Premium Subscription worth $79 annually and the Deluxe one is worth $129. They provide more bonuses than the standard subscription.
Now, after getting a clear understanding of the fundamentals, it’s necessary to choose the right companies to invest in. So, if you aim to make a good profit, Matt’s ‘freedom check blueprint’ promises to help here.
Out of ‘568 companies’ he selected these companies as his top 5:
- San Juan Basin Royalty Trust (SJT)
- CatchMark Timber Trust (CTT)
- SunCoke Energy Partners (SXCP)
- Pembina Pipeline (PBA)
- Sabine Royalty Trust (SBR)
These companies typically own or control over a billion dollars in raw materials. Particularly, natural resources such as oil, gas, minerals, timber, core metals, and precious metals like gold and silver.
How Much Can I Really Make From Freedom Checks?
The above-listed MLP companies pay out a 5-10% return on your investment yearly. It usually pays this on a monthly basis.
This review shows it’s typically the average returns among many MLP’s, and $10 can’t earn you more than that.
Here are illustrations of how investments in companies payout 10% returns per year:
- $10 investment can earn you $1 per year, or $0.25 per quarter
- $1,000 investment can earn you $100 per year, or $25 per quarter
- $10,000 investment can earn you $1,000 per year, or $250 per quarter
- $100,000 investment can earn you $10,000 per year, or $2,500 per quarter
- $1 million investment can earn you $100,000 per year, or $25,000 per quarter
As you can see, ten bucks will get you nowhere close to $24,000.
Consequently, to make even a huge amount of money, you need significant capital to invest – probably a million.
Anyways, the returns on investment are nowhere near what he claims in the sales video. How many people have that much spare money?!
Is Freedom Checks Legit Or A Scam?
Matt Badiali claims in his sales video that the United States residents can easily begin to collect checks for $24,075, $66,570, and $160,923 with this program. According to the video, you only need to sign up to start cashing checks.
He then begins to show numerous testimonials, all supposedly from real people making real money.
Here’s a screenshot of the supposed beneficiaries of this program
Matt Badiali claims these people earn between $124,000 and $643,000 per year with this ‘method’ from making a $10 investment.
However, here’s where his claims get iffy.
These pictures of “Mike Reed” and “Robert Darbin” were taken from Shutterstock!
Come to think of it! Why would I replace my face with a Shutterstock image if I have actually made a profit so huge from a venture?
Also, the idea of making users first subscribe to the Real Wealth Strategist and then give the freedom checks as a ‘part’ of the program is just absurd. It all supports the claim that the hype is a magnified scheme with the end goal of selling yearly subscriptions.
It may seem like it’s too grand a move just for a yearly subscription of $47. However, for every thousand subscribers, he makes at least $47,000. For 10,000 subscribers, it’s $470,000. About half a million a year – that’s is they all opt for the standard option.
The Freedom Checks program may have some juice to it, however, there’s a lot of exaggeration to the testimonies and the marketing material is undeservedly promoted.
Conclusion
After a thorough review of the freedom checks, calling it an outright scam would not exactly be factual. However, the surrounding buzz is overrated. Also, the testimonials are completely blown out of proportion.
I wouldn’t recommend it to a friend. I also wouldn’t partake in it, not after being thus lied to.
Irrespective of what you eventually decide to do, I hope this review of Freedom Checks has provided you with enough information and answered your question -” Is freedom checks legit or a scam?”. If not, drop your comments in the comment section below.
Also, if you’re a beneficiary of this program, please, do share your testimonies with us.
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