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Coaching, ridiculous fees

If you have $50 to spend, then buy a book written by a top grandmaster.
50$ is far from worth it considering all the information available on the internet
A lot of strong players giving useful opinions here. But still, Magnus had coaches, Caruana had coaches, Kasparov, Karpov, Anand, Topalov... all of them coincidently had coaches. Of course, if you don't care about the rate you are improving, if chess is not a priority in your life or if you don't have money to spare... do not spend your money with chess coaches. That is not the same as saying that chess coaching is not useful for the serious player. Even though Botvinnik said that, he himself had a chess school. So, he was not trying to say that the teacher is not important. An IM or GM that charges 50$ or more to give private lessons if far from getting rich from it, cmon. But I'm sure FMs and NMs are charging less than that, still their lessons might be useful for the aspiring player...
Everybody who plays stronger than you can teach you.
Look at the site of the St. Louis chess Club. There is even a teacher with a rating of 1200.

Or look at this hpy guy. This guy has a rating of Elo 1900. look at his patron account and than you can see that even such a guy can earn a lot of money by teaching weaker players.

Of course all players with high ambitions had teachers and trainers. But these guys are professionals not the average jo player.

i've taken lessons that range $50 to $75 so not suprised by that price. Believe you want quality over quantity here.

a good chess coach will help you find your weakness and improve efficiently. and every lesson is tuned to your abilities at that time as your strengths/weaknesses progress. So you can learn from books, videos, articles alot cheaper but it might take you hours of absorbing or sifting content before one nugget actually clicks with you and improves your game. You can also go over your games and learn from blunders, but a more advanced player can show you the minor mistakes that led up to that blunder or patterns in your game play that are holding you back. what is it that players rated 200+ above you understand or can do that they will win the majority of matches...unlikely something physical or genetic you couldnt overcome.

so you can wander the woods and find your way out. or you can have someone guide you. both cases you are out of the woods. and chess lessons arent necessarily a long term and weekly commitment. maybe just a few lessons can be justified to see your ratings/enjoyment of the game improve. however, bishop1964 also makes a good point, most of us average joe's are playing casually for fun and can find something better to spend $50 on as we're ok with our life decisions if we dont make it to 3000 elo.
Let’s do a little arithmetic:

Let’s assume three chess coaches charge $50/hr. One of them averages 2 lessons per day, another 4 and the last one 8.

The first coach will earn about $36k per year, the second $72k, and the last $144k. For the first that’s really a part time job. The second and third have to work hard to keep their dance cards full, and probably have little time to improve their own play or play tournaments.

If we give them weekends off (or some other 2 days, as many players want lessons on weekends), the figures go to $26k, $52k and $104k. That’s all before taxes and expenses (8 lessons per day don’t just happen by themselves). So $50/hr seems a bit low in order to be able to make a living.
This are the rates of IMs and GMs. wouldn't a Phd in almost any field make this kind of money? A GM holds a title that less than 2000 players in the world have. It's much, much harder to achieve this than getting a Phd... 50$ to have this specialized help is cheap for a serious player. Begginers certainly can find cheaper coaches, or just use books.... If you don't want to pay them, don't, I don't. But there's no need to try to devalue someone else's work...
If you are on a budget, there are plenty of great chess coaches in Eastern Europe, the Philippines, South and Central America that probably charge a fraction of what a coach charges in Western Europe or the U.S.

They are just as smart and accessible and most of them probably speak good enough English to make the experience enjoyable and educational.

Chess.com has a pretty big list, if memory serves me right.
What have you got to lose, trying one out a 10-12$/hr?

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