Related: Analyzing a Kiyosaki cornerstone: Is Your Home an Asset or Liability?.
Chuck Jaffe, a writer with MarketWatch, set his sights on the Teach Me to Trade seminar last year, and ordained the event his “Stupid Investment of the Week.” This year, he attended Robert Kiyosaki’s “Rich Dad Academy,” and came to the same conclusion.
The free come-on seminar was pitching the most basic training basic real estate course, one which focuses on taking advantage of foreclosure situations and distress situations to find ways to finance your deals. While Huffman showed a diagram with 11 different three-day training courses — and he mentioned the possibility of hiring a mentor instead of going to the classes at all — the focus was just on doing the one class.
Most people might have thought they were getting a one-and-done deal and at a significant discount (attendees at the free seminar were offered the chance to register for the class, normally $995 online, for just $495). But there’s little doubt that one training seminar will lead to hard-sell pitches for others. Several members of the audience had previously paid for Rich Dad training; interestingly, the three I talked to said they have yet to turn a profit, but expect to soon.
The seminar leader focused on foreclosures, which are seen as a surefire way to make quick money thanks to the sub-prime mortgage meltdown. But there are still lots of foreclosed property shoppers as well, and competition in the marketplace is making these “investments” less favorable.
Jaffe ends with this:
Clearly, everyone who liked Huffman’s pitch and bought Rich Dad Academy training has the potential to be the next success story, but most won’t be; Kiyosaki’s advice — however flawed some people find it — has worked for at least a small-but-dedicated group of followers.
But that success story is not likely to be the “average” attendee, but rather the exceptional one, the person who dives in with a passion and single-mindedness that stand out from the crowd.
The introductory seminar was free, and you get what you pay for. If you want to learn the “66 Ways to Find Bargain Properties and Motivated Sellers” and “17 Key Internet and Realtor Search Criteria,” you have to attend a three-day seminar with the price of $1,000. Attendees were given the “opportunity” to buy their tickets for “only” $500 a piece.
Before you pay for a seminar you must do your due diligence. Ask about the success rate of people who have taken the class. If you can’t get accurate information — or worse, you’re mocked for asking a valid question — pass on the seminar. There’s no need to fatten Kiyosaki’s wallet.
A common theme in seminars, whether it’s the get-rich-quick type or the change-your-life type, is the instruction to dismiss any contrary arguments as not valid. I see that is what Jaffe experienced in this seminar. That’s also what I experienced when I was strongly suggested to attend a Landmark Education Forum. Anyone who disagrees with the effectiveness of the “education” “just doesn’t understand.”
Updated August 5, 2011 and originally published July 14, 2007. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @flexo on Twitter and visit our Facebook page for more updates.
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Just completed day 2 of the 3 day seminar. I agree with the comments above… this event was one big sales pitch and very misleading. A complete waste of time.
I am more upset about the 20+ hours I have wasted over the past 2 days then the $500 I spent on the course. Trying to debate whether or not I sit through the third day in hopes of picking up a few more ideas.
I would have some respect for them if they just spent 1-day giving us the important information and explaining the courses with pricing VERSUS making us sit there for 3-days and wasting our time on a sales pitch that was literally making me shake in my chair with frustration over the time I was wasting and sleaziness of the whole thing. They could have definitely given us the 3-day course in 1-day.
The funny thing… if they were open about their intentions and did not waste days of my life, I would probably have purchased some of the $5K classes. I see the value in investing in education. I can say that I will DEFINITELY NOT buy any of the advanced training b/c of their approach to this whole thing.
Well I just read the bad reviews listed… WOW… I must say I’m not too ” happy ” about just purchasing our $ 495.00 package deal from RK’s free seminar on April 7, 2009. My husband and I are scheduled to attend the 3 day class on May 1,2 & 3. I want to have an open mind about this investment and apply what we learn.I have followed RK’s teaming up with Donald Trump.
I just went to a Donald Trump ” free ” seminar last night… The sign up fee for 3 day seminar was ( $ 1495.00 ).
Basely the same things were talked about last night in this meeting… So I have to give this seminar a try…
Thank you for letting us know about the credit card scam. We are not taking the cards… Ha!
Oh, my husband has been listening to RK cd’s and he’s excited about the knowledge so far.
We will send updated info after the class.
Hey are u going to the Stock and trading seminar I am attending that one to
I am considering purchasing the edutrader services. I found out about EduTrader at one of Robert Kiosayki’s investing seminars. This article kind of helps me be a little more critical towards the software.
I am writing this while day 3 of the stock trading seminar I paid for is going on. I found the first two days one huge sales pitch for the advance training with a small sprinkle of stock trading ideas mixed in. The package they “recommend” is too the tune of $30,000. Amazingly I would guess close to 80+% of the folks in the class appeared to be all in. If nothing else these people are great salesmen!!!
I am not disappointed about my $500 though. I like the Edutrader software…for now until I figure fundemental stock analysis out on my own. I also picked up some basic options trading ideas that I was unaware of. However, a little research shows that this strategies can be learned from the internet for FREE. Thats what I am going to do.
Beware if you are planning to attend one of these 3-day seminars, you learn just enough to be dangerous and your credit cards are at risk to some very good salesmen!!!!
I attended both the “free” 2 hour seminar as well as the discounted $495 seminar. I am a licensed Realtor, who has been licensed for 10 years. I’ve either worked in general real estate or for a builder for all but 1 of those 10 years. While I’m not a big fan of the “up sell”, I knew it was coming, and gleaned what I could from what was presented. I can honestly say that I learned a tremendous amount in the $495 seminar – and the information was definitely NOT vague. Specific examples, actions, regulations, strategies, scripts were used throughout the 3 days.
For anyone who says it was vague, it sounds to me like it may have been a difference in instructors? My instructor’s name was Damien, who seemed to be very experienced, knowledgeable, and “real”. Perhaps I was simply duped, but I don’t think so. When I went to him with a couple of questions on break, he had real practical answers to my questions (didn’t seem like he put me off or was vague in any way). I not only learned some very valuable information for me personally, I’ve already helped 2 of my clients and 1 friend (going through a foreclosure) with a couple of minor things – which I would have not known about if not attending.
I was (and continue to be) interested in continuing education to make my dream a reality. Let me further say, I have always wanted to invest in real estate for a living – since getting my license 10 years ago, actually. I have simply never taken the time, actions, and commitment to make it happen – because it just seemed like a dream. For me, I think the advanced trainings could be the kick in the pants some people need to make their dream a reality. However, if it isn’t your dream – or someone has made you think it “might” be a good dream – you probably will fail miserably because you won’t have the commitment in place to make it happen. It isn’t get rich quick and it isn’t for someone who isn’t genuinely interested in real estate. It’s something you have to be passionate about!
All that being said, I signed up for the advanced training. 4 courses, a mentor, charged to credit cards for around $26,000. Sounds nuts, right? :) Yeah, to me too. Even though I am extremely pumped and motivated to make my dream a reality, I felt I needed to step back and reevaluate my next actions/spending to make the best decision for me right now.
So I read all these posts thinking that it would be a living NIGHTMARE to cancel. SO FAR, I AM WRONG.
Now, everything has not been processed yet, but I at least have information for you Floridians who took the course. The phone number on my Notice of Cancellation was correct: 800-570-2020. I spoke w/ James at extension 3537 who gave me the proper fax number to send the notice of cancellation to. The fax number is 801-269-5178 – he said to fax it to Attn: Student Resolution. He said it would take up to 10 days to process the refund. Once they receive my cancellation, they will email me the mailing label to use. When I asked, he said the information for which products should be returned would be included – however, he didn’t sound confident of that, so we’ll have to wait and see. He confirmed my email address without me asking him. I will make sure I set my fax machine to print a confirmation page – and suggest anyone else do the same just in case.
The bottom line is that while I am cancelling the advanced education right now, there’s a chance I may sign up later. Or not. The point is that I came away from the 3-day training totally motivated to make this work, and I’ll do my own research to find the best educational resources for me personally. I saw another poster say that he took 12-15 pages of notes – I did the same. I’ve gone back to review them and still feel there was tremendous value (certainly the $495 that I paid) in what was taught.
Like most everything else, the training is not black or white, good or bad. It’s some combination and you must decide for yourself if it is a value to YOU. A value to me may not be a value to you. BY ALL MEANS, don’t let negative comments on this program or any another allow you to give up on your dream, if that’s what you want to do. Don’t let it scare you or stop you in your tracks and do nothing! FIND what’s best for you and you’ll be the winner every time! (…sorry for the rambling…I know many have had bad experiences and I understand that…I would just hate to see someone’s dreams dashed simply because of individual opinions and/or negativity…)
For 26,000$ you could already be in real estate with equity, seems to me.
Yep they got me too, but praise God I woke up fast…We all need to discipline our greed.
Attended the free seminar in Houston, TX on Aug 4, 2009 got suckered into purchasing the 3-day training class. The next day Aug. 5, 2009 I began cancelling the three day training course. Sent in the cancellation notice by certified mail, called RD two days later and they pitched me the “You need to fax us the student contract” I knew that was the beginning of the run-arounds.
Good thing I put it on my AmEx Credit Card, so many people were paying with cash. I’ve talked wtih AmEx twice already and they told me they are not releasing any funds to that company and a billing inquiry will take place in three days. Tort laws are in place to protect citizens from thigs like this. Dave Ramsey is still my all time favorite he would never run schemes like this.
When in doubt..DOUBT!!! or at least us a credit card that can, and will be disputed in your favor.
I did receive a full refund. The full amount of the charge, all of it was removed from my American Express Credit Card by the Rich Dad Company without me having to dispute it with Amex. Alls well ends well. For future reference I do not recommend anyone having anything to do with this rich dad company.
Consider yourselves warned
I had attended the free seminar since I am huge fan of RK. Got into their sales pitch and signed up for 3 day seminar. Started researching and talking to couple of friends, found out that it is pretty much a scam. I could read the material and learn instead of taking up the class. The next day i called them up. after few rounds, i faxed the cancellation form. They kept saying someone would call me to get the material back and work for canceling the class. No one called, no emails send. Thanks to Amex, I disputed and got my money back. I still have the material. Dont know what would happen since it has been more than 25 days of my cancellation. One thing I learned from this is. RK is good inspiration for “Why to” but very poor at “How to” and I think he keeps stressing the point that his audios are for Why to and he does not teach How to. So my suggestion just stick with his RDPD books but do not get into these programs of How to. You are smart enough to find out How to.
Hope this helps.
Yes, I went to the free seminar Rich Dad Stock Success System, I came across this site and also
http://www.ripoffreport.com/Seminar-Programs/Wealth-Intelligence/wealth-intelligence-academy-d5bf5.htm
after paying the $495, I called my CC company MasterCard they said I have to wait for the charge to be posted on the account before I can dispute it.
1. Question, disputing the $495 with your CC company did this also include the
currently billing of $39.95 for the software? Or you have to wait for the changes for the month
billing of $39.95 and then call up your CC company again and deal with this a second time?
2. How did yall find out the fax#?
Next Texas city coming up after San Antonio is Austin I heard the guy say in class today not
sure if that is true.
Today I finished my 3 day seminar on Launch Your Business. I knew going in there would be the promotion of more education. I found the three days to be very beneficial and loaded with a great deal of information about business building and, yes, real estate investment ideas! No, i did not sign up for more education. Yes, they promoted furthering your financial education strongly but no undo pressure at the end when I said “no thank you”!
I found the presenter to be personable, capable and genuinely interested in the betterment of all those attending the class–she even recommended to a few in the class that they needed to work on some areas of their life and finances and not consider taking any classes at this time.
I recommend you do your due diligence about your own motives and expectations of this seminar “before” attending. Don't blame them if you thought you were going to become a business success with only a three day $495 investment–won't happen for you and hasn't happened for anyone else! Success in all areas of life demands much more from us!
I went to the one day free seminar in Toronto Canada. Like everyone else here I got sucked in and I used my rent money to get in on the ground floor. I was so excited and decided that I was taking a chance and risk on my future finances. Well They gave me a bag with videos Audio and books to read as a bonus for signing up. Then when I got home and I was talking with my wife about it I started to have second thoughts. I promptly bounced that check and then I got a call telling me the check bounced. I acted surprised. And then they asked if I still wanted to go to the 3 days seminar. I said well I don’t have any money right now then the lady said they would send me a return Fedex package and I was to return all of the books and stuff. My wife said that they made me pay $500 for the books and were probably going to try and sell me more at the 3 day work shop. Now that I am reading all of these comments online. I am glad I got wise before it was too late!
I went to the one day free seminar in Toronto Canada. Like everyone else here I got sucked in and I used my rent money to get in on the ground floor. I was so excited and decided that I was taking a chance and risk on my future finances. Well They gave me a bag with videos Audio and books to read as a bonus for signing up. Then when I got home and I was talking with my wife about it I started to have second thoughts. I promptly bounced that check and then I got a call telling me the check bounced. I acted surprised. And then they asked if I still wanted to go to the 3 days seminar. I said well I don't have any money right now then the lady said they would send me a return Fedex package and I was to return all of the books and stuff. My wife said that they made me pay $500 for the books and were probably going to try and sell me more at the 3 day work shop. Now that I am reading all of these comments online. I am glad I got wise before it was too late!
Why don’t you give your rent to me. What kind of idiot uses his rent on an impulse buy?
An impulsive one! LOL
It is what it is. But The courses are 2 for 1 at $500. I went splits with someone at the seminar. In the package were 3 books and an instruction manual for the course. Plus a richdad gym bag. You also get a reduced subscription to esignal a savings of $20 bones per month for life. I don’t want to be a guru, I just want to make informed decisions and be able to talk the talk to know I’m not being bull-shitted. Thus far it has taught me much. The stock trading seminar seems to be a good start for a novice.
This post is in reference to the Rich Dad Stock/Option Investing seminar.
I attended the free intro session, and found it interesting enough to attend the three-day, $495 seminar. I am not a professional trader, but I have taken investing classes, used on-line brokerage accounts (for stocks), and have a mixed portfolio of stocks, mutual funds, IRAs, 401Ks, etc. While I dissappointed with the limited amount of solid investing information provided, I felt the seminar was worth the time and money I invested in it for the following reasons:
1. I learned about the “technical” approach to identifying and assessing potential stock/option purchases (using the EduTrader/MachTrader software). Previously I was familiar only with the “fundamentals” approach (assessing a companies management, available cash, P/E, etc.)
2. I was exposed to the various types of options available to the investor (put/call, straddle, strangle, bi-directional, etc). It wasn’t a lot of information, but the instructor explained well enough that I could understand the differences (I left with 25-30 pages of notes, in addition to written comments in the workbook)
3. The EduTrader software and Intro to Options CDs have been very useful
4. I received the Course Catalog for their Advanced Training. I won’t be taking the Advanced Training, but the catalog provides enough information about the topics that you can use it to order books about the topics
I also have to agree with several of the previous posts. You will not learn everything you need to know to start making millions of dollars in stocks/options. This seminar is a sales pitch for you to take additional advanced courses, and pay from $9,500-$39,500. They will recommend you do what ever it takes to pay for the advanced training (max out your credit cards, home equity loan, etc).
If you are generally familiar with investing, would like to receive a guide for a more structure approach to learning, and have a degree of self-discipline to study on your own, this can be a positive experience. Just be prepared for the hard-core salesmanship.
I too have been duped by Rich Dad! We signed up last Sept. for a 3 day conference, when they told us the up coming date we were unable to attend, but we were reassured to pay the reduced rate that night and it guaranteed us the spot for the next one in our area. (Which would be soon) They assured us we would be kept notified, we were not. I have had to continually call and check, it is May and nothing is coming up for our area. I have notified them and requested a refund they say I according to the contract I had 3 days and I’m not allowed a refund. They have no seminar as they promised and I’m not allowed a refund. If any one out there can tell me who I turn this company into for unsound business practices please let me know.
People, there are some things which are good about what you read or hear but you must use your heads. Why buy this information when you can read it for free? You can get his books from a library for free.
I subscribe to the believe of staying debt free. If you let greed take over your brains you will get burned. The ideas in his books can be done without going into debt.
Hey dorks and duffiss’s ; the seminar is not a get rich quick class that you as the little general may be use to. The reason why america is in trouble is because of people like you,who want to get something for nothing, wake up!. You must do the work first. Are you that stupid to think you will profit instantly from one seminar its a learning tool you “tool”. Maybe you need to invest in a ponzi scheme so you feel better now and loose your ass later when someone Madoff with you cash. Go flip a house and stand under it when it comes down. Learn something grasshopper!!!!!!.
Why does Chaplain get off SCAMMING poor people? Using his calling to gain your trust, calling poor people LOSERS? Telling us to Shut Up and Sit Down!
I was dupped by Millionare Chaplin Lee Escobar!
I may not be like Lee Escobar, but atleast I have my morals.
scam tigrent rich dad Robert Kiyosaki Mentor & Chaplin Lee Escobar.
Scamming using gods callings to promote your gain = No Liency to Prosecute.
Hi all,
Of course the free seminar is a sales pitch! Interestingly enough, the 3 day real estate seminar is now 2 for 1 @ $199 now. Which makes it probably worth it. They will try to sell you more seminars but YOU have the power to decide.
The material they give you to review is not too bad and if you negotiate a bit you can grasp more books when they present them to you. I got for $50 of books fro free by just attending.
Now they will sell you the Cash Flow game, but you can play it online for free on http://www.richdad.com, so refrain from buying it.
Now, what I think is interesting is that you can become consciously incompetent: you will then know what is left for you to learn in order to succeed… Then find this information at the library or your local bookstore, and by networking with other investors. Watch out for that too, investors can be greedy and use you, if they have a good tip they will probably not tell you or they will lose their competitive advantage. Just make friends and find good contractors.
Still, you have to be genuinely interested in real estate. My dad was a real estate investor in another country so I just want to figure how it works here. It’s hard work and no “get rich quick”, but if you are serious about it you can make a good living out of it… Still, it’s risky and time consuming. Not for everybody’s mindset.
Take care everyone.
THANKS TO YOU ALL HAVE SAVED ME FROM GETTING IN REAL TROUBLES i WAS JUST TO SIGN FOR THE MOST RECOMENDED ADV. COURSE THE 30,000 DOLLAR ONE THANKS TO EVERY BODY
I am angry that I WAS suckered and paid $32,000, my life savings. WEEE need to make sure they go out of business!! I am gathering all my notes and will share to help the next NICE guy / family to not get suckered. I am hoping someone has already contacted a lawyer so I can join in too. Here are a few notes:
THE PUPPET MASTER! Lee Escobar – They are good!!
Lee used his fact he was a chaplain to gain respect and said he was sent here to help us!
- Yelled at for asking a question on day 1. Stared at til I sat down. 2 bathroom breaks a day and NO Networking or talking. The OTHER people in the class are stupid and you should not talk with them. Gee, this guys is a millionare and drives a Bent-LEE, I better listen, he’s must be doing something right.
- making the “L” Loser sign over his forehead forced us to say “savings and 401K’s are for LOSERS”
- Cancellation Forms are ready cause they KNOW a few will bow and, but 50% is better than nothing.
- lady couldn’t sign up Today, she was black-listed and can’t attend any other Seminar.
- Evaluation forms are rigged, so they get the right answers.
- every speaker and Team Leader is affluent in preaching to mass church audiences
- Over 3 days, actual training: 2 hours, BUT actually UPSELLING: 22 hours.
- Forced us to say Yah Man after EVERY thing & topic.
- Every 3 hours, Forced us to say “YES” I agree Tigrent is teaching us what we signed up for. WHAT A CROCK OF BS.
- Showed us a mobile home binder presentation that was horrible and a 5th grader project. Showed pics of what a Mobile Home looks like, but NEVER showed the real ones, or even the Plot where it was supposedly being done.
- Side note: another complaintant says the Software has fixed to show GREAT numbers, but is wrong.
The financial freedom train sounded sooo nice, I found myself sucking up to the Millionare Lee Escobar to he would like me more, and then teach me the best.
I’m mad at myself for not walking up to him and punching him. He has NO Morals or Ethics. I did not expect this behavior from a chaplain. Uhhhh, is he really a chaplain? Who gets off on using that for their benefit?
Rich Dad lets this go for 5 years now, under 2 different companies, Whitney and Tigrent Learning. Robert needs to pay for this too. He cashes EVERY check he gets for this.
Hey Dave The Sucker…. are you real? Im going around the net right now reading pro and cons of RD and you are posting the same post, but different amounts youve lost… $32k, $36k, $34k, $40k… which is it???? Did you even lose money to begin with?
Look, sorry you got suckered, BUT what are you doing to invest? What deals are you trying to work on? Its up to YOU to make things happen. Right? They cant hold your d**k every time you need to piss. Seriously. Be a man, grow up… you paid the money, stop whining like a 5 year old and go to the courses, learn from the mentor and whatever else you paid $30k – something for.
If you went to college and spent that sort of money, and didnt get a job… whos fault is it then? The school? or YOU!
Cancellations: The teacher makes you PROMISE you’ll go to the first training before you make up your minds to cancel. WHAT a CROCK!! If you attend the first class next week (7 days), you’ll have gone passed the amount of time (3 days from date of receiving the products) and they will NOT let you cancel!! TOO LATE! you have been suckered.
Follow-up,
WHY did I get a Motovational Bracelet? I thought the seminar was “Basic Real Estate training.
“Failure is Not an Option” (that’s what my bracelet says).
2 hours of training? Take the cash flow game and copy the deal cards and you will have learned MORE than they taught you. They call it teaching, but will NEVER answer your question, saying you’re stupid and need Advanced Training.
Tag words:
SCAM – Tigrent Learning Rich Dad Poor Dad Robert Kiyosaki Kim Kiyosaki Lee Escobar
I attended the 3-day class July 22-24, 2011 in Richardson Texas for $199, so to all those who paid more…all the people who left a negative comment had inflated expectations about what they would learn, or all the information presented flew over their heads.
I have taken Texas real estate classes, read books, attended seminars and webinars and I still heard some things that I have never heard before. It was great information. It gave me simple steps to follow where I could go out and close a deal right now! And I am working hard at closing a wholesale deal right now. I’ll post my check when I close.
And consumerism commentary.com are dumb – they talk bad about Rich Dad, yet have his banners plastered all over their website…wow
If you see ads for Rich Dad, they are provided by a third party, based on the content of this article as well as your own browsing history.
wow, DELETE COOKIES
I went to the Rich Dad 3 day training in New York last weekend. Like Joseph I paid $199. My advice in a nutshell – DON’T DO IT!
If you’re fond of wasting your money and your time, then feel free to attend. I knew the course received bad reviews, but decided to go anyway. I’m someone who usually wants to try out certain things for myself. This was one time that I was sorry for doing so.
You can find most of the information they “teach” on the internet. They do not give you enough information for you to start investing if you are a complete newbie. Anyone who is investing after attending this training probably already has some decent knowledge of real estate. The program is basically a very broad overview of a few commonly known strategies, and of course a sales pitch for their higher priced programs.
Real estate investing is for me, but this wasn’t. Save your money and spend it on some useful books that will help you build a foundation. There is plenty of good information out there if you’re willing to look for it. Stay away from the snake oil!
I agree with all comments. During my recent 3 day training, we were told that a job is a jail and we are all serving prison terms in our “corner cells.” That was rather funny and, ironically, sounded very true. The instructor was very convincing and there were a few that went ahead and purchased the advanced training. As tempted as I was, I knew I had to do some due diligence and do a quick search for comments regarding these programs. I’m so glad I found all your comments and the Canadian “expose” video. I decided not to tell anyone about this because I believe everyone must do their own due diligence. Unfortunately, I was asked to share what I found out and one young lady became quite angry as, apparently, she was very determined to purchase the training. All I can say is good luck! At any rate, I did learn a few things at the 3 day training since I am involved in real estate. But I quickly realized that I will need to learn a lot more than their advanced training provides and I can learn it without paying thousands of dollars for it. By the way, the instructor became increasingly disturbed by our lack of participation. He said that in all of his 315 classes he’s taught, he has never seen such low participation. He must have said this for about a half hour trying a last ditch effort to get the rest of us to sign up.
Whatever you do, DO NOT get sucked in (like I did) by the very motivational speaker(s), who are there just to sell this program. I paid for the 3-day seminar, then, when attending that, was encouraged by my partner at the time to purchase the all-out training, complete with mentor and all, for (gasp!) around $24,000!! Yes, that’s right, then paid another $5,000 for more personal training (online and 1-hour phone calls) but I ended up getting NOTHING out of the ordinary for this so-called training, except for Bankruptcy! Oh yes, and a cd they send me because apparently there is a limit on the time that they will extend you the training. Somehow I thought it was for a lifetime, but guess who was WRONG, and once they had my money, they really didn’t care about me, or that I was about to face bankruptcy because I had “invested” all my money for a bag full ob books, manuals, etc., which comprised of just about anything you can find for free online now. Consider VERY CAREFULLY before you spend any of your hard-earned money on the Rich Dad program training. I lost all my retirement savings and if I could go back, I wouldn’t even attend the Free Seminar! BEWARE friends… There may be some that are successful, but I didn’t feel I got much support once they had my money. I hope this gets posted, it is just my experience…
Just came back from the 3-day seminar. My friend invited me as her “free guest”. She paid $199 after attending the 90 min session several weeks before. We all knew for whatever we paid that this was going to be a teaser sales pitch just to get you excited. Honestly, did you think for even $500 you would be able to master any of the techniques?
No, I did not purchase the advanced training, however of the 140 attendees, I would say 25 did purchase some kind of education. The friend who I attended with purchased the $26K training, not sure if that included 3 days with a mentor in her field area. I feel anyone who attended is looking to change their future. I love real estate (licensed), would love to learn how to invest using creative financing. There has to be other education/training out there.
You people need to realize that there are two types of 3-day training. The first costs $13,000 depending what you pick. I’m already an investor who is doing pretty well. I just got back from my 3rd day on the first 3-day and I’ve learned a lot of information that I didn’t know existed which is already worth more than the $199.00 I paid to attend. I didn’t take a guest because I knew they would distract me and not understand what to look and listen for.
The average person who is looking to GET RICH QUICK training will have a hard time taking in what is offered while a passionate person will get a hell of a lot more out of it. RD never said they would make anyone rich, they said they could teach you some of the ways to go about it.
If you really take the info they give you (even in the first 3-day) and apply it the right way, you will make money. I can promise you that the people yelling “scam” here did not even come close to doing that. You have to do something in order to make something. Cash won’t be waiting at the door when you leave the conference room.
(.The first 3-day is 199.00 and the second starts @ $13,000) sorry
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