About Biblical Money Code

Founded by Sean Hyman, former pastor and creator of the Ultimate Wealth Report, the Biblical Money Code is a stock trading system blueprint that claims to help you get out of debt, make good investments, and build substantial wealth using ancient Biblical wisdom. In fact, Mr. Hyman claims that he increased his annual income from $15K to millions per year, and boosted his dad’s retirement income from $40K to $396K, using the ethical, safe methods found in the Biblical Money Code.

See Also: Financial Peace University

During the one-hour introductory video, Mr. Hyman claims that he uses Biblical scripture as a guidebook how to treat money—meaning it’s the love of money that’s the root of all evil, not the money itself. In other words, it’s about avoiding an obsession with money, and using it to give to others, that will actually make you wealthy. In addition, he claims that he often turns to Proverbs—which was written by King Solomon—for most of his financial wisdom, as most of this knowledge is still effective today.

Whether you’re a veteran investor or have never played the stock market before, the Biblical Money Code claims that it can help you become wealthy for the right reasons, and in the right manner, without becoming money hungry. The company claims to have 57,000 weekly readers who use their “fine blueprint,” which is based on biblical principles used by the Apostle Paul, King Solomon, and even Jesus of Nazareth. Ultimately, Sean Hyman states that the Biblical Money Code has given him the financial freedom to be able to serve God and his local church, and it can do the same for you.

How the Biblical Money Code Works

The Biblical Money Code consists primarily of getting yourself into the correct “money making” mindset, by not becoming obsessed, and giving freely, just as the Bible teaches. As an example, Sean Hyman looks to the Dot-com and housing bubbles, where everyone thought they could become instant millionaires, but ended up losing it all because they became too money hungry. In fact, Mr. Hyman claims that more than $8 trillion in wealth was lost during the dot-com bust, as nearly everyone fell prey to money obsession.

See Also: Make Money Online With Forex Trading Part One

On the opposite end of the spectrum, Sean Hyman also addresses those who are afraid to take risks, and just “stuff their money under their mattresses.” Despite all appearances, these individuals love money just as much, but simply observe from the sidelines. In fact, Mt. Hyman claims that this practice may be even worse, according to a parable that Jesus spoke in the Gospel. But why is this? Well, if you put money away and don’t allow it to work for you, each dollar you earn is reduced to .61 cents due to inflation in a period from 1993 to 2013.

Finally, Mr. Hyman claims that following the mainstream media is not the best thing to do if you’re looking to increase your wealth, as they’re usually wrong. With the Biblical Money Code system however, there are three parts you should carry out prior to investing in a company:

Fundamental Analysis

What kind of company is it? What type of foundation is it built on? Would it be able survive an economic downturn? Is the business operated well, including a solid management team? Does the company hold a lot of debt? Do they have enough cash in the bank to carry out their business model?

Each of these questions are fundamental to ask yourself before purchasing a company’s stock. This way, according to Hyman, fear or greed won’t get the best of you.

Technical Analysis

This step helps you to identify the best time to purchase stock, using indicators such as trend analysis, relative strength gauges, and moving averages. In addition, Mr. Hyman claims to use a Relative Strength Index (RSI), which is a technical momentum indicator that helps him determine a good time to enter the market.

See Also: Learning the Forex Trading Terminology

Sentiment Analysis

To quote Warren Buffet, “Be fearful when others are greedy, and be greedy when others are fearful.” Sean Hyman claims that Mr. Buffet is extremely wealthy because he is very cautious toward investments that everyone else is falling over, and he carefully considers investments that everyone else is afraid of. In essence, he’s doing the opposite of what everyone else is doing.

In this step, once you’ve analyzed a company and found them fundamentally solid, if you notice extreme spikes in its valuation due to panic over a firing in management, or a missed quarterly projection by a few cents, it might be a good idea to hold out. Then, after everyone has sold their shares and the price has dropped, you can get into the market cheaply.

The Bottom Line: Is Biblical Money Code a Scam? What Do You Get For Your Money?

Sean Hyman is an investor and stock trader who transacts business using the concept that the love of money destroys fortunes, and that utilizing a systematic approach is the key to success.

As a Biblical Money Code member, you’ll gain access to Mr. Hyman’s monthly 12-page Ultimate Wealth Report, which will give you his most recent research about some of the latest and greatest investment opportunities. This report includes which companies to buy, and at what prices, in addition to detailed reports and evaluations about the companies. You’ll also receive once-weekly updates (every Thursday morning), either through email or video, of Hyman’s current research. Here, he lays out every investment and trade opportunity for you, while walking you through his triple-part approach (Fundamental, Technical and Sentimental Analysis) about what to buy and what to sell.

A deluxe subscription to the Biblical Money Code will cost you $97, which includes digital and print copies of the newsletter. If you’d like to forego the print version of the newsletter, the price drops to $47 per month.

After enrolling, you’ll automatically gain access to the Biblical Money Code website, where you can view previous newsletters, as well as speak with customer service, which features more than 30 trained staff members. You’ll also receive the Investing 101 guidebook, which will outline all the fundamentals for trading stocks, in case you’re unfamiliar, as well as additional resources.

With all this said, Sean Hyman is a well-known stock trader, and is not necessarily out to scam his customers. He’s also not someone who’s trying to sell a “get rich quick” scheme, but instead wants to teach you the same business model he uses for stock trading. In the end however, how well you carry out the knowledge contained in the Biblical Money Code will ultimately determine how successful you are.

It’s important to keep in mind that some customers have reported fraudulent charges on their credit cards, which could be caused by pressing the “Submit Order” button on the website multiple times. Regardless, it may be a good idea to notify your bank and closely monitor your charges if you decide to sign up.

44 Customer Reviews for Biblical Money Code

Average Customer Rating: 2.5
Rating Snapshot:
5 stars: 10 4 stars: 5 3 stars: 3 2 stars: 3 1 stars: 23
Bottom Line: 39% would recommend it to a friend
Showing 1-11 of 44
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  • 2 out 3 people found this review helpful

    Beware

    • by Nari Jan,
    • Georgia,
    • Apr 12, 2015

    I'm a Christian and I believe that the Lord supplies my needs and gives me a brain to choose investments wisely so as not to get ripped off. I watched the video and he does make some valid points, but nothing I haven't already heard from Forbes and others. I do believe he's using the Bloomberg videos to suck people into his web, although he does offer a money back guarantee. If it was really that promising, why would you need to offer a money back guarantee? If it works for one, shouldn't it work for all?

    I say be aware and beware.

    Bottom Line: No, I would not recommend this to a friend

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  • 5 out 7 people found this review helpful

    I have subscribed to Sean Hyman newsletter and Ultimate wealth

    I find his recommendations useful and insightful. I have invested in his recommendations and have profited. I cannot understand why people have to be hateful to those who are truly honorable and full of integrity and really do help those of us who need help in the stock market. I have not lost any money from Sean Hyman's recommendations. I buy what he buys. I can trust him and thank him for his help. Bless you Sean!

    Bottom Line: Yes, I would recommend this to a friend

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  • 10 out 11 people found this review helpful

    Sean Hyman talks rubbish

    • by Ray,
    • UK,
    • Feb 21, 2015

    I have been a subscriber to Ultimate Wealth report for a while. So far, I lost about 30% of my retirement funds. Sean makes things up as he goes along to suit his argument, especially his Elliot wave analysis which at times is laughable. He wouldn't make a good poker player because he has a "tell" if you listen to him when he does his videos, every time he says something that he knows is not true, he sniffs.

    Some of his positions are down a whopping 60%-70% yet every week he says "I'm very bullish on that stock".

    He clings to technical indicators like they are crystal balls. He clearly has no clue how an indicator is produced or that they are all lagging due to being reliant on some variant of price to form them. Yes, PRICE Sean, PRICE action forms them, not the other way around. As an example of his B.S. regarding indicators, MACD, RSI, etc., Here is a direct quote from a February video. After talking about a stocks indicators he said,

    "All those indicators foretold of that turnaround that we are starting to see now" - Crystal ball?

    "So what we will see is a lot of technical indicators starting to turn around FIRST and then it will be followed by price turning around itself, so it gives you a heads up ahead of time which is what I like about it." - Utter nonsense Sean.

    My opinion is that he talk a lot of rubbish. Sadly, those less educated about markets and indicators are probably taken in by his mince.

    Bottom Line: No, I would not recommend this to a friend

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  • 5 out 10 people found this review helpful

    Where is Sean?

    • by Glenn,
    • St. Joseph, MO,
    • Aug 29, 2014

    I miss Sean and his video. I like Andrew Parker, but I have problems with Michael Carr. His last advise in buying Lowes I didn't and I'm glad. It was climbing and it was at the peak. RSI was high and it was over the 50 and 200 day average. Mr. Carr has to do better in his recommendation. I sold DB when he said and it's come back a little.

    Bottom Line: Yes, I would recommend this to a friend

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    • Sep 2, 2014

      John Smith

      It seems Sean has been shut down by the government. Sean just doesn't understand honesty. He was lucky to avoid a jail sentence at the start of the year for his role in that Ponzi scheme that ruined a lot of lives. Lets see if sean gets a jail sentence to teach him a lesson. Might get a small 1 yr sentence or so.

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  • 8 out 8 people found this review helpful

    Great Learning Experience

    • by Ivan,
    • Florida,
    • Jul 27, 2014

    Being a subscriber, Sean weekly chart analysis of MACD, RSI, SMA and understanding how to see the Elliot waves and the best to knowing how to buy strong companies at low P/E ratio. And the best the benefit I got is buying Apple stock at around $400 a share, where others were afraid and selling it where every body wants to buy it. I don't see anything phony about that.

    Bottom Line: Yes, I would recommend this to a friend

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  • 8 out 10 people found this review helpful

    Good advice

    • by Alfred O.,
    • California,
    • Jul 1, 2014

    I too was wary at first and was hesitant about subscribing to the service, but after some thought, i figured that 47 dollars was less than a night out having dinner and the potential for earning was far greater than just holding onto my savings. For all the skeptics, all you have to do is look at the history of the market, you will see that it has aways been on a steady incline. Sure, there have been big dips, but there has always been recovery that exceeded the previous highest level. This is not a get rich quick scheme as Sean says time and time again, that profits aren't realized for at least 12 to 18 months. But believe me, they are realized. His advice is solid and well thought out.

    Bottom Line: Yes, I would recommend this to a friend

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  • 6 out 8 people found this review helpful

    Up 12% Money Talks

    • by Shane C Johnson,
    • Louisiana,
    • Jun 11, 2014

    Just an update to an earlier post. Up 12% overall. Sean is worth the money. Every week I get an update and every month I get the larger update. It is a great place to start investing.

    Bottom Line: Yes, I would recommend this to a friend

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  • 6 out 13 people found this review helpful

    Too many (of the negative) reviews have no substance and are totally useless.

    • by Trevor,
    • Split between San Francisco and Glasgow, Scotland, UK,
    • May 21, 2014

    Virtually all the 1* and 2* "reviews" have been posted by incredibly stupid people who have not subscribed to the service they are "reviewing", and therefore have no valid opinion to express. Why do they think that anyone would be interested in reading about their ignorance? Empty vessels! (Posts by people who have no experience of what they are "reviewing" really ought to be purged by the moderator. They offer nothing of value to the process or the site.)

    Interesting and telling to note that all the 4* and 5* reviews came from people who had actually used Sean Hyman's investment advice and are happy with the outcomes achieved. It seems clear that these are people who have an informed and valuable opinion to offer.

    (I have no connection with Sean Hyman or any organization promoting his services, but I watched the video and found it credible and prospectively valuable to me. I do intend to subscribe, and after doing so I will provide an INFORMED review here.)

    Bottom Line: Yes, I would recommend this to a friend

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  • 12 out 16 people found this review helpful

    Don't listen to the nay sayers.

    • by Michael,
    • May 17, 2014

    Most of the negative reviews I read came from people who did not buy the service! Their reviews are baseless. I gave it a shot and followed Seans instructions to the T. Happy to say after only a few months I am doing well! I tried investing on my own for awhile and lost thousands. I couldn't care less about Sean's character, past, religious affiliation, etc. point is, I tried it, and it works. All of his sold positions made money. Every single one. Can't argue with results. My advice? Ignore the skeptics

    Bottom Line: Yes, I would recommend this to a friend

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  • 7 out 11 people found this review helpful

    I have made money following his advice

    • by Cheryl Matthews,
    • Texas,
    • May 14, 2014

    Like most Americans, I was looking for an investment that paid more than 1%. I saw Sean Hyman's plan and decided to try it. I paid $47.00 because I was a little afraid of what I would receive for my money. I must say I have been pleasantly surprised. I joined in January and it is May 14th. I have earned approximately $600 -$700 with a initial $5,000 investment. I have never invested in the stock market before other than a 401K. I knew absolutely nothing about trading and/or selling stock. I listen to his reviews each Thursday and have actually learned quite a bit. In March, I got really nervous about a couple of my investments as they had made really good profits. I took Sean's advice and sold them. In his videos he tells you right away if you get nervous or upset about what the market is doing you should get out. I got to thinking after selling and making $300 in about 6 weeks time, I didn't even make $30 in a year on my 5,000 when I had it in the bank. I decided to put back the 5,000 in the stock market. If I sold out today, I would be up an additional 300-400. I am including the cost of $47 program and the 6.95 per trades I have made. Not too bad for a few months. If this keeps up, I may invest an additional 5K.

    Bottom Line: Yes, I would recommend this to a friend

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  • 11 out 39 people found this review helpful

    SCAMMM!

    • by Salil Bhandari ,
    • Chicago, IL,
    • May 9, 2014

    I didn't buy the service but I went through the 1 hour pain of listening to this con artist. The second time he brought up his fathers story I smelled something. However, the 3rd time sealed it. I have no count as to how many times stuff was repeated. I am sure an average person can profit from the Warren Buffett formula. Just don't give him your credit card.

    Bottom Line: No, I would not recommend this to a friend

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    Comments (5)
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    • May 12, 2014

      Kaz Kahn

      This Man is no Con, Msnbc Fox Cnbc Bloomberg, They all respect This Man, All of the Financial Guru got it wrong, when Sean Hyman got it Right, the only reason you don't like him is because of his Faith

    • May 17, 2014

      Mike

      This guy gives the program 1 star and calls it a scam while admitting he didn't even try it? The guy who posted this is a joke.

    • Jun 11, 2014

      Shane Johnson

      Well it is not a scam for me! I am up 12% total, I have 2 stocks up 25% and one up 35%. The others I just got in so they are still "cooking".

    • Jun 12, 2014

      David

      Only a fool would discount the validity of something without personally reviewing it.

    • Jan 23, 2015

      Jeff

      Unfortunately Sean Hyman sells his service through Newsmax. They use the same format for everything they blog, namely repetition ad nauseum. It nearly turned me off trying it because it does indeed come across as a scam the way Newsmax presents their clients offerings. You can bet they write the script. It's a shame because I am convinced from my additional research the guy is genuine... and a solid investment advisor.

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