Comments on: Who’s Getting Rich Off Rich Dad?

By: Anonymous

Anonymous — Thu, 11 Aug 2011 21:41:00 +0000

For instance, abounding individuals who are searching for absolute acreage books arch to their bounded book stores.

By: Josieriec

Josieriec — Mon, 04 Apr 2011 19:23:00 +0000

DO you recomend any seminar thats not as expensive as Robert?

By: JFT

JFT — Mon, 21 Jun 2010 21:57:12 +0000

I went to the mentioned free seminar and bought the $500 seminar which turned out to be both and overview of the types of REI available and a heavy sales pitch for more classes. I was at a tough time in my life having a business go belly up because of a partner's embezzlement and was looking to get a fresh start so I was definitely in a vulnerable state and ended purchasing 4 “advanced courses” for $15K. I took courses in basic investing, short sale and lease options and still have one remaining. The first class gave me the confidence, knowledge and connections to do my first deal which I ended up purchasing a foreclosed house (someone else did the short sale negotiation and made $15K on the resale to me) and rehabbed it myself. All said and done I had $80K invested in a house that appraised for $125K but I completed it right when the mortgage crisis hit and I could not find a qualified buyer. It is now rented out at $1K/mo and the appraised value has dropped $15K (still $30K more than I have in it) so I haven't done too bad.

The question is would I do the Rich Dad classes if I had to do all over again knowing what I know now? I would say the $500 class was worth it but would never recommend the advanced classes. They were not much more than a repeat of what was already taught in the basic classes and in areas where I could not turn a single deal due to well publicized local scams in both investment methods (SS and LO).

By: Tom

Tom — Sun, 16 May 2010 19:46:16 +0000

I read RDPD and it changed my way of thinking, Most of all, it changed my wife from being a hardy E type person to wanting to become a B and I type person. If nothing else, that was worth everything else. We both went to the $495 (2 for 1) weekend seminar. We knew what we were getting into, I have been in sales all my life. We actually made it a fun weekend away from home and meet some very nice people. Now, both of us have real estate backgrounds so we had a lot of prior knowledge but not so much on the investing side. We were able to take some good points home with us so it was a good investment. Now, the best thing we found out is that most of the people at the seminar wouldn't be capable of doing any investing. Most did not have any working knowledge of the real estate business, and most didn't even know how to set up a business, do any type of marketing or understand how to work with public records to find information. I say it was the best thing because there were over 50 people at this seminar and many purchased additional education at a very steep price and I know almost every one of them will never do a transaction. So that keeps the field wide open for me.

By: dwill3423

dwill3423 — Tue, 27 Apr 2010 19:00:39 +0000

I loved the books by Robert and his advisers. So I went to one of those free events and saw exactly what you are saying here. They encourage you to raise your credit limits to purchase the next level. I almost fell for it and then realized what was going on. After a little research the whole thing smelled fishy.

I am disappointed in the RK organization.

By: Tiemen

Tiemen — Thu, 01 Apr 2010 08:29:58 +0000

Russ Whitney had to license someone else's name because his got so tainted.

No seriously, I'm a big RK fan. I met Robert 6 months after reading RDPD (he was a local, who knew) and I credit him for putting me on the right path. Two of his past apprentices are good friends of mine and they can't totally understand why Robert signed the deal. The only answer any of his folks can produce is that he needed the leverage to spread his brand. I think he could have done better on his own, and maybe he will go that route one day.

By: Hayley Keen

Hayley Keen — Wed, 24 Mar 2010 03:34:56 +0000

This is disappointing! I love Rich Dad, Poor Dad and Robert Kiyosaki.

Just on the first tip you offer about checking out the company or instructors. I'd say to look at how many years experience the instructors or speakers have in their field (ten or more is good) and whether the company hosting the event takes any “money” from them to present at the seminar.

I recently traveled From Australia to the United States to attend an event and there I met a previous Rich Dad Company trainer. Nice guy with a great entrepreneurial mind. He was definitely positive about the experience. It would have been good to read your post before I met him JP and ask a few questions…

By: jual barang antik

jual barang antik — Mon, 22 Mar 2010 12:06:12 +0000

this kind of seminar right now still booming in my country , a lot of people interesting at it , while i dont, coz it seems too good to be true

By: Rachel

Rachel — Mon, 22 Mar 2010 07:00:50 +0000

The book Rich Dad Poor Dad changed my way of thought that opened so many doors for me that I have and always will highly recommend it. Let's be fair here, every real estate investment group meeting that I've ever attended has always been about selling the newest & most popular way of investing in real estate using the very same techniques. First come to the free seminar, get sold on the several hour Saturday for $40-50, then at the Saturday event sell the $5-15k packages (that of course are worth $10-30k but since we're there that day we get the big discount). I don't agree with these common sales tactics, but I wasn't surprised when I went to the first free event. It didn't have the same feel of what I felt the book Rich Dad Poor Dad stood for, so my choice was not to buy into it. I guess by this time though I was lucky that I had become somewhat numb to this type of selling tactics, so I chose to 'just say no'. Regarding when confronted, I would have expected more accountability coming from RK. Only knowing him through his writing, I do hope he follows through with his promises and takes accountability and control over this company or finds a way to cut the ties with them.

By: Daniel Ray

Daniel Ray — Wed, 17 Mar 2010 00:11:30 +0000

YES, YES, YES, I know all about these seminars. This is how I got started in my REI investment career as well, but I didn't pay the money that RK was asking. I paid 500 bucks for a weekend of sales pitches and little to no education that was offered by RK. I have a friend who actually paid 10K for the classes and still has not done ONE DEAL. Instead i've taken him under my wing to show him how Steve Cook with Flipping Homes has taught me how to wholesale for less than 500 bucks. Now you can't beat that price with a BAT. I encourge everyone to do there HOMEWORK before signing up for training that is being offered at seminars.