I was in Stacey Boehman‘s 200k Mastermind where she claims to give proven strategies on how to build a business that makes 200k a year. I was already at that level, but hoped to get strategies how to make it sustainable. I was surprised to find out that
1. it’s mostly mindset coaching, hardly any strategies
2. whatever goes wrong, she blames people’s thoughts- super high pressure and guilt for not having the right mindset
3. there are cult-like rules for ppl in the mastermind. e. g. not to talk about her in a critical way with anyone. people were scared of being kicked out because they would express a doubt even to a friend.
4. whatever money you make she takes credit for. even if you already made that kind of money before you joined.
5. when asking the “wrong” question in the facebook group she can get really snappy. I once asked something about benchmark numbers in our industry and she questioned my mindset.
6. I know people who needed therapy after investing with her and feeling burnt. There are people inside who go deep into debt, because they think they need to be “in the room” in order to succeed. But round after round they stay at the same revenue.
I know from the 2mio. group 2022 most of them resigned and had to fight to get their money back.
7. The worst for me was to find out that even for an investment of 25k (plus travel and luxurious hotel expenses) for 6 months of mastermind I was just a number amongst 200 people. I was not coached by Stacey once, I did not get feedback on my business questions and I had to deliver more than they were serving me.
Final remark: I like her podcast. It’s better than her paid programs.
CO
Coach
First time ever requesting a refund
I’ve never in my life requested a refund from a program but in my opinion Stacey didn’t deliver what the marketing promised. I am posting here after listening to a very disturbing podcast (the Dream season 3 Bonus ep 2: caller episode) which contains a very heartbreaking account from someone’s partner who I believe was in 200k mastermind and lost $50,000 to Stacey Boehman (They don’t name Stacey in the podcast but this story was very similar to other events I witnessed in the Mastermind and in my opinion this happened in 200k). The podcast tells a very sad story of someone who joined 200k and although this person hadn’t signed a client in a year her coach (which on my opinion is Stacey Boehman) allegedly told her to put another $25,000 on her credit card for a second round of the program. The story ends with her not being able to afford medical care. I believe Stacey advising people going into debt to pay for 200k so they can make millions is predatory and I saw similar behavior when I was in the 200k mastermind. I found the culture of pay Stacey no matter what to be very disturbing. I felt sick listening to this pod episode and I hope if you are considering joining you listen to it and search for Stacey on life coach snark on Reddit. Stacey likes to show the flashy stories on her podcast but I saw MANY people in 200k mastermind making way less than 100k a year and paying Stacey round after round because she teaches you paying for high level mentoring is how you guarantee your own success. At our live event she told us the Mastermind is a “top line expense” and we should pay for it over paying ourselves and any other business expenses. When I joined the sales page clearly stated it was a 6 month program but after you join she tells you it’s a 3 year program and you should commit to doing 6 rounds of it. This is very problematic because the people in there do not have the profit margins to support spending $50,000 a year on mindset coaching (I would not consider this a business strategy course there’s nearly nothing in it from a business standpoint). I believe there are many people who have been financially taken advantage of in 200k mastermind.
The info below was emailed to Stacey in my refund request which was denied. I’ll paste what will fit here and post the entire email on Reddit. Everything included in this review and in the email are my opinions.
Misleading Guarantee: In an email I received on August 16th, 2021, Stacey claimed, "We don’t accept coaches in more than one business program as our program is 100% guaranteed. You either make 25k, or we give you your 25k back." This statement led me to believe that the program was risk-free, with a money-back guarantee if I didn't see a return on my investment. However, after joining, I realized that making any $25,000, regardless of its source, was considered meeting the guarantee. This surprised me because I assumed that everyone accepted into this Mastermind would already be close to or exceeding $200,000 in revenue. This meant there was no genuine guarantee for me as I had an established business making over $200,000 annually before joining.
False Minimum Earnings: Marketing emails boldly claimed, "You ARE paying $25k and you ARE making $200k - at a minimum - for the rest of your career." However, our final reporting showed that over 70 individuals in my class made less than $200,000, directly contradicting the promised minimum earnings guarantee.
Access to Coaching: In an email dated January 5th, 2022, Stacey assured, "Will I be coached by Stacey? The simple answer is: YES. If you raise your hand. We always get to everyone who raises their hand." However, this was objectively untrue. All group calls coached by Stacey were consistently terminated after exactly one hour, except for a two-hour bonus call at the end of the program even though people still had their hands raised and did not receive coaching. Additionally, our weekly calls were not all led by Stacey they were led by 200k or 2 million dollar group members which was not mentioned on the sales page or any of the marketing materials when I purchased. This was not mentioned on the sales page or in the email. The marketing claimed I would be coached by Stacey and that she would coach every person on the call. However, on every call, numerous participants raised their hands but did not receive coaching, contrary to the promise made in the marketing.
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I recommend watching AngelaMBrowne's…
I recommend watching AngelaMBrowne's video on Instagram before purchasing any of Stacey's programs. Angela shares her experience attending one of Stacey's virtual events, where she encountered significant technical issues and received the wrong Zoom link. Unfortunately, she was removed from the Mastermind and denied a refund after speaking out about her experience on Instagram (Stacey kept her $25,000) It's disheartening to see someone as kind and articulate as Angela being treated poorly for sharing her honest feedback.
When I joined the 200k Mastermind, I was surprised to discover that many participants were earning less than $100k. Despite their limited revenue, Stacey encouraged them to continue investing in the Mastermind repeatedly, even though the cost didn't align with their business earnings. Stacey often emphasizes that overspending on coaching leads to faster results, but I personally witnessed no evidence of this in her program. In fact, I noticed that several individuals who were financially strained by the high ticket price ended up making even less money once they joined.
Furthermore, the 200k Mastermind had been sold to numerous individuals who couldn't afford it, creating a highly stressful environment that hindered meaningful high-level conversations. Stacey even advised someone who couldn't afford to continue in the Mastermind to take out a loan, putting their business at further financial risk. Personally, I felt like just a number in Stacey's program, and her customer service was the worst I've experienced compared to other programs. I repeatedly reached out to her team with logistical questions via email, but received no response. When I turned to the Facebook group for help, my post was deleted by her team.
I am now embarrassed that I paid $25,000 for Stacey's program, and I urge you to reconsider joining her paid offers. Stacey deletes any comments on social media that challenge her in any way, which raises concerns about transparency. If you want to gain insight into what her programs are truly like, I recommend checking out Reddit, where many individuals have shared their experiences. Additionally, watching Angela's video on Instagram will provide valuable firsthand information.