I got a letter in the mail telling me about a Rich Dad seminar that was going to be in the area. I love these get rich seminars. They are always entertaining. I have read a couple of the Rich Dad books by Robert Kiyosaki, and they were okay. I am not really big on the writing style. But I have picked up a few ideas from them. The theme of the seminar was “Learn To Be Rich Training”. So I signed up.
I arrived at 5:30 for the 6pm seminar. The only people around were the seminar people. I quickly checked in, and got my name tag which read “I Invest In My Future”. The signs said “What the rich teach their kids about money that the poor & middle class don’t”. The guy said the doors would open at 6pm, so I left to get some food.
I got back at about 5:45, and now there were now lots of people waiting to register, or waiting to get in. Most of the people were informally dressed in t-shirts and jeans or even shirts.
The doors opened at about 6:05pm. I took a seat towards the front. The were projecting motivational success quotes on the screen while playing music. People flowed in. I am guess there were between 125 and 150 people there. There was a package of stuff on display titled “You Can Choose To Be Rich”.
The seminar got started about 6:15, and was all about real estate. I don’t remember it saying that in the flyer that I got in the mail, but it might have. But when they called on the phone to remind me, they kept mentioning the real estate seminar.
The trainer guy came out. He was a very good presenter. He would get the audience involved without making it look as forced, or mechanical as some other presenters I have seen.
I am not going to go over everything that was covered in the seminar. But a large chunk of it was success stories of people who used the training. He talked a lot about the deals he has done. During a small chunk of the seminar he talked about his personal life, about running a foster care home, and adopting a young boy. A relatively small part was informational.
He talked a lot about the Cash Flow 101 game. I was intrigued, and considered buying it. There is also a Cash Flow 202 game as well. But then I looked it up this morning on the net, and see that it sells for hundreds of dollars. Hundreds of dollars for a board game? Give me a break! Maybe I will check out eBay.
Overall, the teaching to sales pitch ratio seemed pretty low. They were mostly trying to sell you on the $495 Rich Dad Academy (regularly $995, but $495 if you sign up at the seminar). I wonder what they would do if you called up the 800 number, and held out for the $495 price. They would probably make an exception…oh!!! you were at the seminar…I talked to my manager and he said I could give you the $495 price…yadda yadda yadda.
The seminar got a little slow towards the end. I considered leaving, but figured that this close to the end, I might as well stay and get my free audio CD. The seminar ended about 8:30pm. I grabbed my free audio CD, and went home.

I also attended a seminar like this one in Lansing Michigan. I was please with the presentation and I opted to take the next step and purchase the 495.00 seminar. I knew this would be about real estate and that is what I am interested in. The amount of training information I received and the fact that I can bring a person with me to the seminar seems fair. It is less the cost of a college class and my college classes don’t teach me everything I will learn about real estate and I look forward to what this seminar has in store.
Comment by David — September 13, 2007 @ 3:26 pm
The 3-day $495 seminar is really just a 3 day pitch for their Advanced Training Courses which are offered through Rich Dad Academy, and which START at $12,000.
I have never owned property before, so i decided to check out a Kiyosaki Seminar put on by one of his disciples
It was an informative seminar for a newbie such as myself, but it was really just a big plug for a 3 day seminar a month away (which I knew) . The speaker spent over an hour, over the course of the 3 daysAnyway, I decided to plop down the 500 bucks to check it out, as I was given a huge handbook for real estate with it, and it seemed to be of big value and somewhat legitimate
The 3 day seminar just ended this weekend , and i did feel like i learned alot of techniques that I didn’t know before in that it was an overview of many possible streams of income involved in Real Estate. However, this 3 day seminar was a HUUUGE plug for their “Advanced Training Courses”, which START at $12,000 for ONE course.
They are now selling a software package which is alleged to dig up foreclosures before all of the other services do, and it costs 1500 PLUS a 40 per month fee, and is only available if one takes the “Advanced Training”
I definitely didn’t want any part of it after that, because i felt that there was enough of an overview to where i could start asking the right questions to the right people, with the right materials in order to succeed.
The thing I am curious about is what they are going to plug next after one is in the advanced training
Comment by Anonymous 1 — October 29, 2007 @ 3:09 pm
Been hearing this so-called Rich Dad. But I still don’t know the details of this yet. I hope this would be discussed further here.
Comment by Cyprus Apartments — November 29, 2007 @ 11:19 am
My wife & I attended the 2hr sales pitch & the 3 day Learn to be Rich Seminar/sales pitch for $495.00. It was a huuuuge sales pitch but also had a few gems of information. (Probably just teasers to get you into the advanced training.
I have tried to research the advanced courses to see if they are true education or mostly sales pitch.
For an investment of this magnitude I want to know the advanced courses will really teach something useful without all the sales pitch.
Has anyone used the R.E. Software that is sold with the advanced course packages? It seems pretty impressive but is it really?
Comment by Chris — December 11, 2007 @ 1:54 pm
Hi guys, I have also read the Rich Dad Poor Dad book by R. Kiyosaki. However, I just thinking, is it still applicable to this day? considering the interest rate is sky rocketing?
Comment by g00db0y — February 13, 2008 @ 7:05 am
Hey people, I am a sophomore in high school in Knoxville, Tennessee and I will be attending this 3-day seminar with my dad this Friday, Saturday, Sunday. As I expected the seminar to be great, after reading the comments above I found it kind of flattering to some people who said that it would be a rip off paying K’s amount of money for more advanced training. Well as I high school student, I foresee the world that the people who are limited in as a high schooler. Way before in my life I thought I wanted to be an orthodontist or medical field area job. I had completely ignored the idea of businesses and real estate. I thought it was boring. After reading the first series “Rich Dad Poor Dad” it had changed the paradigm concept in my brain thought that was very enticing to me. I really before hand thought of being someone in the medical field like an orthodontist would be fun but not as money making, but to real estate I had found the ideas of becoming rich instantly. I had got more interested and had continued to read the series of rich dad poor dad and read the book “why you want to be rich” by both the biggest real estate developer and investor Donald Trump and Robert Kiyosaki. I had definitly got more interested and that is why I had attended that seminar that held in my city, which lead to me to attend the $495 3-day seminar with my dad. My dad is also an open minded person, he seeks new ideas to live life too which is great having him with me for support on this subject.
I also besides real estate investing thought of other ways to make “big” money. Investing into the “Iraqi Dinar” is a big one also. I have recently bought dinar for a relatively cheap price. The dinar that I bought now would be worth 3X the American Dollar about 10-20 years ago. Since then, it fluctuated to a real cheap price $1USD=1206IQD currently. But researches say that the dinar will probably not reach that mark again but it will definitely someday reach up to the 1/1 mark.
Well that is all I got to say for right now. I will post again how the experience goes during this 3-day seminar this friday and please leave comments for me and questions! Thanks!
D Hu
Comment by D Hu — March 26, 2008 @ 5:51 pm
I took the 3-day class and signed up for coaching and advanced training. My personal situation changed after signing up and they offered no refunds for unused classes/services.
Based on their refund policy (three days to think about it or no refund is available), I will never use Rich Dad Education again.
Personally, with the terrible refund policy, the rude responses from my inquiries, the hours on hold to evaluate my options (or lack of options), and no resolution other than them keeping my money — NEVER SIGN UP FOR A SERVICE THAT THE UNUSED PORTION CAN NOT BE REFUNDED.
PERSUE OTHER OPTIONS, Not Rich Dad Education!
Comment by SH — April 26, 2008 @ 8:51 am
The way these greedy piranhas get rich is by getting folks to attend their “free” seminars or (or “sellinars” to be more accurate)and signing up suckers for information one can basically get for free through the Internet or library. Do yourself a favor and read as many books on real estate investing as you can, and find a good local real estate investor who can be a mentor. You won’t have to go broke listening to platitudes and fluff, and you might actually learn something.
Comment by Anya — May 1, 2008 @ 3:44 pm
Hello everyone, I hope that you can take a min to share your experiences with Rich Dad Education with our site to help others. Also look for help on how to get your concern addressed. http://WWW.RICHDADREFORM.COM
Comment by Rich Dad Reform — May 1, 2008 @ 7:19 pm
I attended today and loved it! I decided not to attend or buy the 3 day seminar, but the free seminar had great info. I went to look for industrious, hardworking partners wanting to help me with global expansion. I met great people and we will see. If you know anyone that wants to work hard for 1-3 years in order to have finanacial and time freedom , let me know. The best! But, I loved today! I love RK!!!
Comment by kelly — May 7, 2008 @ 9:13 pm
I go to the free seminar, then registered for the 3 day $495 seminar. The next day, i asked for a refund by phone, as required. However, they charged the money anyway from my credit card. I don’t know what to do now.
Comment by Cynthia — May 5, 2009 @ 8:34 pm
My wife and i signed up for the stock class. baslicly the same thing. 2 hour seminar pushing a 3 day $495 class schedualed in a month. i hope they teach us the basics of getting started as being we are brand new to this. i hope they don’t waste our days trying to sell us more stuff.
Comment by d in hawaii — May 13, 2009 @ 8:17 am
I also attended a seminar like this one in Lansing Michigan. I was please with the presentation and I opted to take the next step and purchase the 495.00 seminar. I knew this would be about real estate and that is what I am interested in. The amount of training information I received and the fact that I can bring a person with me to the seminar seems fair. It is less the cost of a college class and my college classes don’t teach me everything I will learn about real estate and I look forward to what this seminar has in store.
Comment by PB — May 28, 2009 @ 12:08 pm
YOU MUST READ THIS — we attended the one night 3 hour seminar and followed it up by the three day seminar in toronto – seminar was more of a motivational sale pitch to buy more from Wealth Institute Academy (WIA) – We signed up for three courses at $13K and then decided to cancel within the three day — Cancellation policy kicked in and we received a full refund within a month (only good part of this story) — Rich dad edcation followed up with a phone call and offered their coaching program for $7229.30CDN — After a three hour phone call, we realized what we were promised was not what was unfolding before us – We were told we could not cancel at this stage and asked to call a customer representative — After several attempts at chasing rich dad education over the US, we call our mississauga office which processed the refund for us for the mentoring program — The credit card company adivsed us to wait 30 days before filling a dispute for a $8200CDN charge on my credit card (not $7229.30CDN as confirmed during registration) — Every phone message left with Rich dad education hed offices across the US resulted in general mail boxes , NO ONE RETURNED OUR CALLS EVEN ONCE. I wrote three letters explaining what took place during our three hour phone call — Once the 30 day passed, we disputed the charges through the credit card company, sent 22 pages supporting our claim of fraud and theft — the three hour phone call was on feb 25 — Mid may rich dad edu offered us $5100 refund which is unaccepteable — The credit card company is pursuing this as we speak — the amount of time i have spent writing emails and letters and spent making phone calls is not worth the aggrevation and the way rich dad education performs business interactions is criminal — June 2, 2009 – we are waiting for the credit card company to give us the good news or bad news — in my book, what we were put through is called FRAUD and THEFT — WARNING to anyone wishing to do ‘business’ with rich dad education, wealth intelligence academy, wealth management inc are all ONE in the same company (although no one on the phone will acknowledge this) — KEEP AWAY
Comment by AOL IN TORONTO CANADA — June 2, 2009 @ 10:57 pm
If Rich Dad Poor Dad offers
a acourse for £350 to do
somes serious RealEstate investing.I will not be doing
an Advanced Courses that would
cost me thousand ofPounds.
However I will let you all know my progress .The course
starts 18th September,2009
Comment by JONATHAN — August 23, 2009 @ 4:53 pm
I attended the 3-day seminar for $500. I don’t know if it has to do with the teacher or what, but i was absolutely thrilled with the class.
Now, of course the seminar was used to sell much more expensive classes, that range from 10,000 to 40,000. Of course they push you hard, they want to make money! I did not sign up for these courses, but I feel I got more than my money’s worth on the 3-day course. Not only is it motivational, but they teach you the very basics of stock investing, as well as how the rich get to where they are and keep growing. From there on out, it is on me to learn more on my own, I do not need to pay the thousands and thousands. But rest assured, the 3-day seminar is worth it! For those of you that signed up, tried to cancel, and are having problems, I feel for you, I’ve been there with different companies in the past. But now I ask you….why did you sign up in the first place when you are going to cancel anyway 3 days later?
Comment by Satisfied Customer — August 31, 2009 @ 11:34 am
Three day real estate class had a few nuggets of good info and SEVERAL, SEVERAL hours of selling their advanced courses in various packages from $5K to $65K.
Comment by kim — August 31, 2009 @ 1:17 pm
I made a comment here already, but it doesn’t seem to have been posted.
My boyfriend and I attended 2 days of the options training course in ny.
I feel this was a rip off and these people are con arstists.
We did learn some information, but much of it was bogus. And I’m not even sure if the instructor was really a successful trader as he billed himself. He spent most of the time belittling people and trying to sell the outrageously priced advanced classes… what a joke !!!!
70,000 for 3 days of the this??? Are you CRAZY???????
And who are these mentors going to be??? This is a bigtime con… I feel sorry for people who are putting their life savings into this… I spoke to at least one.
I’m trying to get my money back. The only good thing that came out of this was some of the information we learned, but I don’t know whether to trust it as some of it was crazy. Increase credit limits, increase debt, apply for more cards… all to pay the 70,000 I suppose… certainly not for our financial health.
The other good point is my boyfriend is raring to go with trading…. but we are not going to go to a reputable school instead.
I’ve filed a report with SEC and will do so with AG also.
Comment by 123 — September 3, 2009 @ 3:27 am
oops… I meant we are going to go to a reputable trading school instead and read free info online. Most of the info in RD class was available for free online, and without a sales pitch !!!
Comment by 123 — September 3, 2009 @ 3:30 am
I think you all are funny….and stupid at the same time
i went to the seminar and the 3 day basic training. I only wish that i had the money for the course right now. i am actually going to be doing a few wholesale deals just to pay for the course with the help of a few people that were there. too many people today are afraid of change and it just makes me laugh. well have fun in all or your alls cynicism
Comment by jeremy — September 5, 2009 @ 10:57 am
We bought a package and have attended 2 classes. They were good and entertaining. Provided good information. We still have 3 to go and the mentor program but think we would rather sell them since our finances have drastically changed. The classes were very expensive and if anyone is interested in taking any classes by Rich Dad, please contact us at: RichAsRichDad@hotmail.com We would be happy to transfer the classes to you. This is legal and you could verify this at the following website:
http://www.wiacademy.com/ownership-wia.pdf
Thanks all and good luck!
Comment by Kristy — September 9, 2009 @ 8:36 pm
I went to the free seminar and liked the concepts and really tried to bend my mind to think differently. We signed up for the seminar and will go next weekend. My only frustration was that we were to get online and pick another time frame if we cant commit to this one. There is no location for that online and nothing written in the paperwork. They made it sound easy of you needed an alternate time frame. My husband cannot attend – but I do not want to lose out since I paid for this training and we have an interest in realestate. So I suppose I will attend this session anyway. Otherwise I was impressed.
Comment by starla — September 13, 2009 @ 9:51 am
I went to a free Rich Dad seminar in NYC which advertised raising your Financial IQ. It seemed like a good idea considering I just got laid off and am not looking to rejoin the rat race to work for someone else – plus the seminar was free. I got there and they didn’t talk about IQ at all but talked about Rich Dad Real Estate Academy (as a cynic you should have expected it, someone’s always trying to sell something, welcome to America). It sounded like BS to me. One of the salesmen was so arrogant. After the seminar, during the orientation for people who bought the $495 3-day course, a mother and son asked him what the negatives are of the program. The salesman said “If you’re concerned with that, then you should just return the product, there will be negatives in everything!” When the mother asked, “Will we receive any guidance or are we thrown to the wolves?” The salesman actually said that we are thrown to the wolves! There was no humor in his tone! He says very seriously, “You’re given the material to learn from, everything you need to know is in the material and there’s an 800-number.” He was speaking to a mother and her son – really comforted them in their decision, huh? JERK! Fortunately for me, I’ve already met several people (not through Rich Dad) who are successfully making money with the help of the Rich Dad Academy. One guy is from a similar neighborhood as mine, a network engineer. Now he’s able to take trips to Nigeria, a cruise to Jamaica, has bought and sold properties in the NY area and works when he wants to…
I owe $50K on college loans (BBA Temple University) and feel like I have no options. I spend $495 and feel like the world is my oyster. This is because the information has been presented and being a true cynic, I will seek out more information to ensure I make the right decisions and become successful – do the work. That’s the bottom line. It’s not for everyone. This is not a get rich quick scheme unless you already know all the info in which case you should already be rich and not be reading my comments here. I doubt I’ll be spending more money for the Advanced Training. So far I’m find the reading material and DVD/CDs are providing a great foundation for me to get started on.
Comment by Rosie — September 13, 2009 @ 2:36 pm
by the way, in reference to the $495, that’s almost if not less than 3 text books for college.
Comment by Rosie — September 13, 2009 @ 2:38 pm
I just attended a three day seminar that Rich Dad put on. It was very misleading as it was on how to start a business. They advertised that it would cover A to Z on opening a business.
what I found out was that it was basically a introduction on how to make money through real estate. It was very limited on the information about business plans, ect. The speaker basically smelled like ashtray as he took a smoke break almost on the hour. He repeated himself throughout the meeting. I have to say that it was very cult like in the way they presented their products always referring to more products to buy.
It was a total waste of money and would not recommend this to anyone. They are praying on people in this bad economy. At the end of the the three days they wanted you to buy additional classes at 5K a pop. He asked for people to stand up if they are interested in buying. The ones that did not stand up were told that if they did not buy they were not really serious about getting rich!
i was very disappointed!
Comment by alex koto — September 19, 2009 @ 10:29 pm
I just finished the three day Stock Investing class focusing on options trading & I was very impressed. Granted, they were trying to sell the more expensive courses, but hello complainers… That is their business… They are a school & they don’t make money giving the course away for free. I’m planing on taking the info I learned from my three day & running with it. If it pays for itself then I just my consider them for continuing education. Learn all you can people.
Comment by Rusty — October 5, 2009 @ 6:53 am
I just attended the free seminar last night in Calgary Canada. Of course it’s a giant sales pitch, and you’d be a giant idiot if you didn’t expect it. Of course they started by saying the course costs $995..”but wait, if you sign up now we’ll give it to you for $495.” I’ve heard better sales pitches for blenders.
I’ve talked to other people who took the three day course in Real Estate (my free seminar was for Stock Trading), and he seemed to think it was well worth the money. He’s also wanting to take the more expensive courses. So far no one here is saying that’s a good deal or not. Anyone?
I’m a skeptic so I figured I would check the interwebs before signing up. I’m glad I found this resource. I don’t know why so many people are signing up and then looking for a refund…are you stupid? Seriously why would they give you your money back willingly?
I think ‘alex koto’s comment was dead on. If you take the information they give you (limited as it is) and run with it, read some more books (which you should always be doing), and don’t expect to get rich over night…then you’ll make that $500 back in no time. Use your heads and educate yourself. Any university or college course will cost you more and probably not give you this type of training (I’m guessing!).
Comment by Chris — October 8, 2009 @ 12:46 pm
Sorry, I meant Rusty’s comment, not Alex’s.
Comment by Chris — October 8, 2009 @ 12:47 pm
I went to the 2 hour seminar and later the 3 day class for $495– It was a great seminar, opened my eyes to many real estate possibilities and suckered me into the potential for making money– all of the tools were right there- the material they presented seemed legit– they just wanted $70,000. I was suckered- put a deposit down– (what kid of an educational institution says, $70,000 NOW. not in 3 days, not in a week– they dont give you anytime to think about it–) I gave a deposit of $1,000 and $398 towards their annual gathering in Florida. I cancelled the program within their 3 day grace period and have not recieved ANY of my $ back– they have continued to charge my account $59 subscription fee to software they never gave me for the past 5 months despite my faxed, emailed, and certified mailed cancellations– I have retained a Consumer lawyer in this matter and hope to resolve this shortly. BEWARE!! There is reason you cannot find any true testimonials or pictures of their “Wealth Institute” Instructors. Any certifiable institution will have information and and testimonials. DO NOT PAY THEM ANY MONEY!!!
Comment by Scammed In Utah — October 8, 2009 @ 4:37 pm
I just came from one of their Infomercials, or what they call SEMINARS. It went smooth at the beginning ( though, they play the anticipation game by keeping us waiting out for five more minutes!). The speaker talked a bit about her OLD miserable life and how wonderful it is now after following Robert Kiyosaki advice. Then, she gave some examples of financially successful people, and end the three hours lecture by marketing for their three day academy seminar.
Once she start talking about the “just now” offer that they have, I realized that I attended an infomercial!
Comment by Saleh — October 9, 2009 @ 6:48 pm
#
by the way, in reference to the $495, that’s almost if not less than 3 text books for college.
Comment by Rosie — September 13, 2009 @ 2:38 pm
===================
No kidding…you take the easy way out in life!
I could buy several semesters of books for $495 for college, because I know where to find them for cheap.
Duh.
P.S. I’m a cynic, too.
Comment by Al — October 11, 2009 @ 11:31 pm
Hey does anyone have the rich dad education real estate success software for sale? If so please email me at rkim_82 at yahoo. com
Comment by Ryan — October 15, 2009 @ 12:54 am
I just completed the 3 day seminar in CT and it was awesome. I learned a lot and if I was financially capapble I would have moved on with the advanced classes. I felt that it was a great opportunity and worth the investment. I plan to utilize what I learned in the seminar and diversify my 401k with knowledge. The system works if you work it!
Comment by Tasha — October 24, 2009 @ 10:52 pm
it is very interesting to read this. I just attended the 2 hr “seminar” tonight. It was almost exactly as you described in your comments 2 years ago. I did NOT get a good idea about what they were selling in their 3 day class. $500 is a lot of money to me, so, I need more details. I even asked for some additional information after – which didn’t answer my questions. The bottom line is that I did NOT buy the 3 day seminar. Based on what I’ve read here and on other blogs, I made the proper decision.
Comment by SLMark — October 28, 2009 @ 10:22 pm
Fantastic reading guys, I just completed the 3 day seminar with a buddy of mine here in Phoenix were the Sales Team is working at the moment($495). After completing it we were outraged by the continuous sales pitch by the instructor. It was a cult-like experience where the Instructor would repeatedly get the crowd to say: “the mentor is the KEY” and because I am [and the crowd would go]“a nice guy” etc etc. Day 1 went from 9am until 8.30pm (was supposed to end 7pm but the sales pitch just went on and on) and during the whole day there were only 2 breaks + the lunch break. During the course of the day NO questions were allowed except during the breaks (this in order disarm the crowd and create exhaustion in effort to get a sale done). The “success team” stood in the back the whole time, obviously monitoring the crowd. I personally asked a question during one of the breaks to put out a feeler for what they would respond to and the question did not fit well with their agenda so i just got an answer as clear as mud.
I think the $495 was a fair deal for the all the pointers aka “teasers” given at the seminar not to mention the book that was given at the initial free two hour introduction. The down side is however that the material that actually applies to the real estate investing could have been covered in less than a day so the sales pitch almost when on for two days… I value my time and I knew there would be a sales pitch for advanced training but they just take it too far and to a stage where it become disrespectful.
The instructor contradicts his own theories and stories during the process not to mentioned going against many of the values and theories Robert Kyosaki lays down in his own books (and CDs given to you when you enroll for the 3 day seminar).
The last shocker was the cost of the advance cost… not even gonna go there! Cutting a long story short: I liked the pointers, hated the sales pitch but don’t regret it. Won’t do the advanced training (on account of cost) but will continue my entry into this fascinating field of investment.
Best of luck to you all!
Comment by Joey the Real Estate Investor — November 9, 2009 @ 2:16 am
Everyone wants the quick and easy path to riches. All of you that are married…did you meet and build a relationship quickly? No
In fact NOTHING worthwhile comes quickly. Nor without work. You must retrain your mind on the way you spend and budget, that is not going to change overnight. Give things a chance.
Comment by Andrew — November 16, 2009 @ 11:20 am
For all these types of seminars my queston is simple.
1) Is my success guranteed?
A) Depends on me.
2) If I am not successful will the losses in the RealEstate be refunded?
A) 100% Refund of course fees IF you have followed our instructions accurately. But No gurantee RE investment losses are not covered.
This question I never asked
Q) So am I paying to be your slave to follow your steps which cannot gurarantee my success.
Their answer will be
A) School does not gurantee a JOB or Career NOR 100% refund of tuition fees.
Comment by Investor/Arbitrator — November 23, 2009 @ 5:32 pm
I just attended the 3 day course and it expanded some of the ideas that I have already learned from reading and DOING…..the key to success. I am pleased with spending the $500 but it ends there. The last day and 1/2 is high pressure sales that plays on your emotions. Listen, if you are motivated you can do this yourself. However, you always need a mentor. You can usually find these right in your back yard. Get off your butt and start meeting people in your area. You will learn more from them then you ever will from these classes in the advance training. And!!! use the money that you are thinking about spending on the advance training on your first deal…
Best of luck and remember Henry Ford said “If you say you can or your say you can’t….You are right”
Comment by Jon — December 13, 2009 @ 12:12 pm
I attended the 3-day seminar (Friday, Saturday, Sunday) about a week ago in Vancouver, BC. I don’t represent Rich Dad or Robert Kiyosaki in any way.
Prior to attending this 3-day workshop, I attended a Robert Allen training as well which was a full-out training on what one can do in real estate (wholesaling, lease-option techniques, Vendor financing, etc). This was enough to fry my brains for a while. I attended further courses on how to do it… which was abandoned as I wasn’t willing to do what it took. The techniques were laid out clearly and are not a lie.
Unfortunately, yes, it is true that the providers of these courses make the bulk of their money in the education – that is a business model that works for them. It narrows down the financially capable to make attending this education happen for $14K to $45K and then some. So it’s acknowledged that they provide an education for information that is not formally otherwise taught in colleges or universities and have proprietary software. People pay because they see the value particularly because they were afraid to loose a lot more with mistakes, and yes, I’ve saved a lot more by taking this training.
Unfortunately also, in my guess-timate, about 95% or more take these courses and are damned to continue their life as they were because that’s just who they are and nothing will force their change despite the expanded knowledge – this is almost guaranteed as it’s human nature. I’ve seen people spend this money and continue with their lives with a lot more agony and suffering. I personally know a few people who have made it – and most who tried the techniques failed which, when I enquired further, they did as they violated the basic principles that were taught. This education is a magical tool. This is why the mentoring is worth its weight in gold – a mentor is someone who will kick your behind into the yard and get you to ‘work’ the system… but it’s work. The instructors are ethical and yes, everything is a sales pitch. The only pressure is for those that are unwilling. I know of a paraplegic who makes deals from her own home – what’s your excuse? People are too darn scared… for good reason.
Yes, it is a given that attending a ‘free’ seminar was not a public charity, but intended to funnel a list of prospects into a 3-day course, which is a further pitch into further courses with no free lunch included. On the 2nd day of this course, you’re allowed to bring in your spouse. Really, it is a mind-opener for “what is possible”. NOTHING in the information they provided was false.
The courses are real and also impossible to cover over one weekend to the extent that you will walk out fully equipped – there’s way more than just popping a weekend pill and becoming an expert. When asked, they were clear that they will not provide a ‘step-by-step’ 1-2-3 modus over this initial weekend and barely manage to cover a wide range of principles, which takes structure to help and understand and skill. Yes, they do go over the cash flow game two times on days 2 and 3 – and it’s not to be understimated – as it’s truly a reflection of your life which will show up in how you play it. Couples started bickering very fast and we could see dynamics unfold. For them to elaborate and educate on even one concept alone would take more than a weekend. For example, the Lease Options has 8 different techniques that are ‘amazing’, and it could barely be taught to the current crowd without putting them in a daze – few if at all dared to raise their hands for not understanding unless there was some kind of a math/financial background.
Bottom line, no matter what you learn, if you don’t get out in the field and start playing, I guarantee you can kiss your money goodbye – the gamble is not them, it’s the customer… that’s my guarantee as I’ve seen it time and again and now understand why education is such a profitable model… the failure rate due to human fear. No mentor, no win! (Hope the mentor doesn’t suck and interview this mentor before you take him/her on.)
They “do not” lead you down a misleading path – the mentors can mentor (not teach) unless they have proven their own success. The mentor prevents you from falling into the trap of ‘having to know everything’ before you make wealth in real estate. Even with my financial and pseudo-legal background, it wasn’t easy to follow – but they “did” answer “ALL” questions. Satisfaction or a lack thereof is entirely upto the participant to create. Make lemonade if you think you have lemons – this is the test of those persistent enough to not fail. Each of us are either successful because we do it in all areas of our lives, or we aren’t. Don’t use this course to prove the exception but the start of a journey of self-discovery. It’s not just the course itself, it’s your life. The info/training they provided was “invaluable”, but it took a former background to truly understand the power of what was being taught. Do not underestimate the power of what they teach – question is will you use it?
Their legal structure is remarkable (under Asset Protection) – it’s in one of Robert Kiyosaki’s book. It’s a 3-tier system and I speak from experience – this is tried and tested outstanding structure. Be careful that you don’t mix US terminology with Canadian rules. Robert Allen covers the US structuring for the LLCs and Land Trusts a lot better in one respect than does the Robert Kiyosaki (in my view).
Learn only one style of investing – start as a wholesaler – you can’t go wrong, visit Real estate clubs, take steps and expand later into the others. Spend no more than 15 hours per week or you’re doing it wrong. Each week you’ll learn lots by doing – find a friend who shares your enthusiasm and you’ll go even further.
Comment by Velvet Black — December 21, 2009 @ 12:04 am
if anyone needs a copy of the real estate success software, email me at ngirg001@yahoo.com
Comment by tom jone — December 27, 2009 @ 12:26 am
I’m a simple man with nothing more than an HS education and 20 years in the military and I have never been one to believe you can get rich quick. I attended the 2 hour “pre-seminar”, listened to some success stories, was intrigued at the thought of being assisted with creating a business plan for my business idea. I paid the $495 to attend the 3 day Entreprenuer Seminar. Its the morning of the 3d day of the seminar and I’m disappointed in what has transpired over the last 2 days. At the pre-seminar I was informed that I would be assisted in preparing a 60 day business plan to use as a foundation to get my business up and running. However, the seminar has been more about real estate and how you can use the cash flow earned from it as the catalyst to fuel your business. Granted there has been some great real estate information and has intrigued my interest in that area, but it isn’t what I signed up for. Even that information has been vague, never really pinpointing what you actually need to do to purchase properties, just that you need to. What’s more, yesterday we were told that we were running behind and that we had to cover alot of information. The next hour was nothing more than a sales pitch to attend “advanced” training ranging from $11k – $72k. I didnt expect that after I attended this seminar that I would be able to go out and immediately start my business and earn my riches, but I expected to be provided with information and guidanceon how to do so in the future.
Comment by TXTRP70 — January 4, 2010 @ 9:59 am
Ok so how do these methods differ from the Cash Flow Notes that I see informercials on TV for?
It seems like the same kinda thing….find, invest, sell, make $$ blah blah blah.
But does it really work?
Also, do Hard Money Loans have to be paid back and why weren’t Grants mentioned in the free class? Grants don’t have to be paid back, do they?
I get ads for Grant Money all the time….
Comment by JDPSmiley — January 6, 2010 @ 5:52 pm
I just left the 3 day courses for rich dad education in anaheim ca. I was told at the first seminar that you can start off with as little as a few hundred bucks. When I was in the classes they showed an example of a trade and would say you will learn the rest in the advanced courses. So I ended up learning a little of everything but confident in nothing. And not only am I pretty much in the same boat as I was in ,you need atleast 5,000 to start trading and a minimum of 10,000 to start the advanced courses. I would love to take them but I am just starting out and do not have that money. so before you go to the 3 day seminars make sure you have atleast $5,000 to invest and atleast 18,000 for advanced courses(if you want a mentor) GOOD LUCK!
Comment by brittany — January 9, 2010 @ 8:16 pm
I recently attend the 3 day stock success course for $495. The 3 days of training were very general. They showed us many different trades, but little to no information on how to do them. Each example was ended with “you will learn this in the advance training” or “you will learn this in the next 3-6 months”. It makes more since to just skip the 3 day course and go straight to the advanced courses if you want to have success. Mind you, courses are 10k-25k and you must pay in full before you join. I felt like this was a waste of my hard earned $. You will get good information but not enough to actually do anything with it if you are just starting out. I would only recommend this 3 day course for those who have 10k-25k to spend on the advanced courses and at least 5k to invest in stocks with. Best wishes and I hope this helps.
Comment by jeremy — January 11, 2010 @ 2:41 am
I havn’t read a single person write a comment on here that HAS taken the Advanced Training Course. I guess they’re making the money to not even worry about looking this up online.
All I’ve been able to find on is, at the most,people have only attended the $495 3 day introduction course.
Just from my deductions, with no complaints from people who spent 35k on advanced training..which would be odd b/c people WOULD DEFINITELY be complaining if they did spend 35k and NOT make money in real estate.
Just imo for the cynics.
Comment by Any — January 11, 2010 @ 3:08 am
I went to the 3 day seminar. It was educational for me just learning what they taught that weekend. I would love to be able to afford the advanced training but it is entirely too expensive. The basic package which is just 2 advanced classes is 12k and the one that they really advise you to purchase is 60k unless you purchase that day at a discounted price which is 35k. There is even a package that costs 117k. If i had that kind of money i wouldn’t need there courses. They try to get you to max out your credit cards to purchase these training courses saying that the mentoring that you get will almost guarantee sucess and pay for the training in just a short amount of time. That would be great if it does but if it doesn’t you are stuck with a huge amount of debt. The bottom line is these programs are entirely too expensive. All during the presentation they speak about how they are successful and only want to pass this on to help others but if you put the math to it this is just another way for them to get richer.
Comment by pat — January 17, 2010 @ 10:53 am
I have just finished their 2 hrs intro session at Santa Clara California. The speaker was not very cooperative in answering questions clearly. I am planning to attend their 3 day class but it seems that will only give you tips on what is going on without actually showing the whole picture until you purchase their advanced training. Knowledge is money but I don’t think it is wise in justifying this spending and not fully knowing what you are getting out of it. Overall I expected them to be more honest and straight forward in stating what they offer rather than dragging you into one session and then wait, you will have to pay more to hear the full side of the story.
Comment by BH — January 22, 2010 @ 3:12 pm
BTW: If any body wants to sell their software for Real Estate success. Please email me the price at bhummadi2009 at yahoo dot com. Have any body had a problem activating it after purchase?
Comment by BH — January 22, 2010 @ 3:14 pm
Hello everyone!!
I came in here hoping to read a comment from someone that HAD taken the Advanced Stock Courses, but i have spent almost 30min reading about people complaining who havent even taken the 3day training. I did last weekend and although it has 2/3 of sales pitch, what i have learned has definetly been worth the money and time. I do not have 5k to start investing but i will start with paper trades and virtual money, if that goes well i plan on starting with 1k. If you are in here trying to find information to decide wether to go to the 3day training. I do recommend it, but be prepared to listen to alot of sales pitch for advanced classes and mentally prepared to NOT paying for them. If they ask, tell them you will purchase advanced classes so you can get more info out of them. If you want to skip the 3day course and save $495 research: options trading and MACD. Learn all you can about the “color trade” and practice them in a virtual trading website. If you make tons of virtual money, you are ready to use real money, open up an accout at an online broker such as optionshouse or others and start small. If you want more info send me an email to montrealoko at hotmail, but dont expect a quick response.
If you want your current situation to change you have to try something different.
Good luck to everyone!
Comment by Roger — January 25, 2010 @ 6:34 pm
I really hope people don’t fall for this crap. CBC News Marketplace investigated them:
http://www.cbc.ca/consumer/story/2010/01/28/consumer-rich-dad-poor-dad-marketplace.html
Comment by Kaye — January 29, 2010 @ 11:47 am
I will attending the 3-days course in a couple of weeks time. After watching CBC News Marketplace last night, my high hope to gain knowlegdge of trading just diminished. Does anyone knows how to get out of this situation?
Comment by Phil — January 30, 2010 @ 10:54 am
I’m on day two of the three day siminar. i’m not even goin to go back tomorrow. holy crap what a shady waste of time. I mean for 300 bucks you get your real estate brokers education. why the heck did i pay 500 dollars to get scammed by a sweaty used car salemen in a cheap suit. these guys are not sucessful real estate investors they are greasy sleazy salemen prying on your ignorance. any really really postive feedback that you read i promise you is one of them…its AMWAY! and i got punked.
Comment by emili — February 6, 2010 @ 10:39 pm
I just went to the $495 3 day basic Real Estate Training. I have a 4-Plex by doing some of the information they give but I did make some mistake that if I took this course first I would have saved probably saved over $1000. Knowing this going into the future I will saved thousands of dollars on this.
As for the strong sales pitch it wasn’t that strong and very open and honest in my opinion. I have seen much stronger ones that were a lot more underhanded. I don’t know if it has to do with the instructor or the MarketPlace report with this.
This is not a get rich quick (insert whatever you want) it is a system that takes time and hard work, and that why it depends on the person doing it. You can take what I say whatever why you want, but if you want to do something different this could be an option. $500 is not much to pay to find out if this is something you want to do for the rest of your life.
I wish you all the best in all your life.
Comment by David — February 14, 2010 @ 1:04 am
does anyone know if the stock mentorship program is run by the whitney information network? has anyone taken that program and what did you think of it?
Comment by jill — February 15, 2010 @ 6:19 pm
I took one of the advanced courses and quite honestly learned more about what properties our instructor has in place than anything. They have some “mentors” available from the area attending so you can ask them a lot of questions, but it is just another upsell. They want you to finish at least two courses, get out of debt (which you probably wouldn’t be in unless you signed up for their courses), and then contact their office (SO YOU CAN GET A MENTOR OF COACHING CALLS). I spoke with someone that had signed up for the coaching calls which were a waste of time and nothing but fluff — “I hope you are having a great day,” etc. They cancelled them right away ($7000). For the amount of money they charge they should be holding your hand and helping you with the first deal — there are other companies that provide this for a lot less money. Upon completing the first advanced course I was still baffled about what to do. It should be a process from A-Z, but a lot is left to be learned. I would recommend joining your local REI organization and attending (much cheaper) seminars. The classes are no longer RICH DAD EDUCATION. They are promoted through TIGRENT Learning and some of the people I have dealt with are not very nice. They should be for as much money they squeeze out of you.
Comment by Shawn — February 24, 2010 @ 11:45 am
I went to the free info-session, then paid for the three-day class.
Knowing absolutely nothing about Real Estate I figured I’d listen and go from there.
I took copious amounts of notes, and through research knew the last day especially they were going to sell me on the Education.
Well, fortunately for me I can’t afford it. I am not sure if I would have taken the bait anyway with the amount of the classes, but circumstances are such that I can not.
I was okay with that, the team agreed on a certain path I should take, and that is ok.
About a week later, I received a call from someone at Rich Dad Education. He started by asking me would I like to receive one-on-one help from a mentor. I said i would.
But then it was a scaled down tailored hard sell of what I had went through at the class.
My circumstances hadn’t changed so paying a couple grand versus tens of thousands was still out of the question.
I talked to some of the other people who took the Intro class, and although i was told they were not offering the deal to everyone, well, they too were being offered the SAME deal.
So move forward some time, another person from the class and I meet weekly to discuss new things we have learned, people we have met and more.
classes or not, you still have to get out there, meet people (Build your Database) and keep it moving.
I know these classes fit in somewhere for the right person, just not for me and my circumstances.
Comment by Bingo — February 27, 2010 @ 12:16 pm
I was interested in learning about stocks and trading them, so I decided to respond to an email to attend a workshop on stocks put on by the Rich Dad Company. I was impressed because I was learning and wanted to hear more. So, I decided to attend a 3-day seminar for $495.00.
The 3 day workshop was also good information. Although we were getting sales pitches the whole time for their advanced classes, I was fine with that. In fact, I expected it. I was learning and I was interested in what I was hearing. The presenter was good. He presented information in a way that was easy to understand for someone with no trading experience. I was interested in hearing more and signing up for a class until they put the pressure on.
Look, I want more education, it is just hard when they hit you with prices for their advanced classes that are high. For example 2 classes can cost between 9400 – 11000 all the way up for packages costing between 40 – 65k for 10 classes with a mentor. Because I have money put away and could afford some of these classes but did not JUMP on it, I was called out. When I gave an excuse that I would like to take 1 class to start and I was not going to pay for it today, I was told that my excuse sounded like a “cop out”
I am talking about 5 thousand dollars and was only given a couple days to think about it, Give me a break, don’t put that much pressure on me. Seriously, I was going to try 1 advanced class for 6k, spending 1k more by not doing it that day and I was basically called dumb for not spending 5k in one day, even though I had my father-in-law agree to pay the other 3k if I would wait for him. (These classes are all designed so you can bring a friend for free)
I hate high-pressure salesmen that try and paint you in a corner, so I left right before the 3rd day of training started.
If they had given me some breathing room, I would have signed up at least for the one class. Now, I question if I would attend another class if I would just be sold to about another class, and another class etc.
I think I got a basic understanding of stocks and will continue to learn on my own. If you are interested in seeing what they have to say, I say go for it. You will learn basic things that will help you understand it more, but be ready for the sales pitch and be careful for the high-pressure sales.
Comment by Edward — February 27, 2010 @ 3:08 pm
I just finished day 2 of the 3-day RE seminar in NYC and I have to say that it has been very engaging and there is a lot of good information there. The instructor is very knowledgeable, experienced and dresses like the millionaire he is, and a great presenter. If you do invest in RE there is some very valuable info here. And yes, I do agree that I could live without some of ‘rate race’ commentary, but the pitch hasn’t been overdone and once again, it is informative.
I hoped to find some comments from people who have advanced classes, but I only found one (on another site) which was positive, but not very detailed. As Jeremy said, “I havn’t read a single person write a comment on here that HAS taken the Advanced Training Course. I guess they’re making the money to not even worry about looking this up online.”
I’d love to get my hands on the software, though. If anyone is selling it, please email me at npushkin at gmail. I’m in no position to buy into an advanced class at this point in time.
Best to all..
Comment by natalie — April 25, 2010 @ 6:00 am
I just completed day 2 of the three day “class.” I could not bring myself to go back for the third. I’m 61 years old and a sales engineer of high-tech equipment. So I know something about life and something about sales.
The seminar, which went from 9am to 7:45pm on Fri, 9 – 7pm on Sat and 9 – 4pm on Sun, was sales manipulation at it’s worst from the get-go beginning with the fact that were were given only two short breaks and an hour to buy our own lunch each day.
Everyone was expected to chant things like “A mentor is the key to MY success” and there were continuous allusions to needing $35K or $50K for deals and how credit card debt wasn’t bad debt if it was an investment in something greater.
We were reminded constantly that the most important investment was in ourselves and our learning. And our homework for Friday evening was to call our credit card companies and read a script to them asking for increased credit limits.
I could go on and on and on. But, for me, because of my age and experience, it was transparent manipulation from the beginning. In addition, the get rich examples were all anecdotal. In most of them there were serious assumptions or low-probability events. For instance, putting a property down payment on a credit card. Trust me, lenders are smart enough to prevent you from getting away with that.
The very first exapmple was a hypotetical Mercedies dealer who had a $100K car on the lot but who was desparate for $50K for some reason. “Who, here would give the dealer $50K for a $100K car?” Not many raised their hands. “If you didn’t raise your hand you are thinking like employees not investors.” “Why didn’t you raise your hand?” People said they didn’t have %50K. “People! The car is worth $100K. Put $50K on credit cards or borrow from your uncle and sell the car for $80K.” I won’t go into all the flaws here.
That doesn’t mean these examples never happened but just that they are really low probability events. In addition, there was very little mention of down-side risk. We were being told how we could make millions leveraging our money. But leverage works both ways. That’s why there are so many people loosing their homes today.
Don’t get me wrong. The seminar was well presented, especially if you are fond of the snake-oil style of selling. And there was a lot of information that could be used as a starting point for further investigation, such as the difference between pre-forclosure and forclosure. But it was like picking rice out of a pile of dirt instead of just getting a bowl of rice.
The other shoe finally dropped at the end of day two when the instrucor said, “Some people over lunch asked me about more training and the cost of that. How many would like to learn more?” Hands went up. “Well, I see almost all of you want to know more so let me take some time to do that.”
He talked for the next two hours, from 5pm to 7pm about advanced training packages. What he made seem like an informal interruption of the course was obviously a planned two hour pitch.
“OK everyone. Take your course catalog and check off the courses on the contents page that you think you might be interested in.” (All my quotes are really paraphrases) I’ve had sales guys to this to me before. Of course you want EVERYTHING, before you hear the prices.
A single, two day, advanced course started at over $5,000. But, that wasn’t really a good deal “so let’s talk about the packages. How many of you checked off 12 or more courses?” “Ah ha! Those are the hungry people in the room!” “How many checked off 7 or more?” “Very good.” “So let’s start there.”
The “Wealth Acceleration Certificate” package included 8 advanced courses, a personal mentor for a fixed number of days, real estate software, an additional software key so you could use it on two computers, and two, “free” refressher courses up to two year.
That package retailed at $55,404 but wait! If you purchase before the weekend was over it would only cost $34,990. But wait! Just as you were allowd to bring a frind for free today, you can bring a friend for free to any advanced training. Not only that, but you know how you were told you weren’t allowed to network with other students this weekend (that was another mind-control technique IMO) or bring in laptops. Well, at the advanced seminars we EXPECT you to network and use laptops.
He then talked about other packages, explaining that some of the cheaper ones weren’t much use becuase they didn’t have a mentor and “A mentor is the KEY to MY success” but just make sure you buy everything you can afford because winners think big even if you have to split the payment between several credit cards (BTW they don’t let you pay over time).
The cheapest package was about $10K (more if you waited) and the most expensive was $65,990. The land development certificate was an additional $14,490 but you had to have other advanced courses as a pre-requsite for that.
I could fill a chapter but after finding out that the least you could spend was around $5K and the most over $80K and after being pitched to run up credit cards for two days I skipped the high-pressure sales pitch the third day.
Comment by John — April 25, 2010 @ 1:54 pm
My wife and I attended the 3-day seminar/sales pitch and signed up for the $35k training. The day after, I happened to talk to someone who had signed up for the same package but who had taken only 4 of the courses and had worked with a mentor, who he said “sucked”. I went home and did more research on the Internet, and found a lot of negative information. We decided to cancel. We got a call the day after we informed Tigrent of our decision. A guy from Tigrent tried to sell us on the coaching. I hung up on him after a few minutes. It remains to be seen if they will refund us the amount we put on credit cards. They are good at making a sales pitch. I admit that we fell for it, and consider us very fortunate that I learned what I did when I did. You can get the same information for far cheaper. My recommendation: don’t do business with these charlatans!
Comment by Steve — April 27, 2010 @ 10:34 am
Heheheh…so how’d it work out for you fools who went for this? How are your RE investments doing!
LOL.
Comment by carol — May 5, 2010 @ 12:59 pm
I was signed up for the 3 day seminar for $495.00. What a scam this is. I have filed a complaint with the Better Business Bureau and am waiting on the response. I am also writing a letter to the district attorney in my state.This kind of business is BAD business and needs to be stopped. Get a book at the library for WAY more information than you will get at this seminar.
Comment by Katie — May 19, 2010 @ 5:50 pm
I just took the 3 day stock success class for $495 and I LOVED it!!! After I signed up for the 3 day class I googled a couple of sites for reviews and found so many negative comments that I was worried about going to the seminar. In the end though I went with an open-mind thinking as long as I learn something I can use over and over that will also make me a better trader and earn back my money, then it will have been worth it.
I already had some experience trading stock (and wasn’t doing badly) and this class just really made a lot of sense to me about the potential for what I can do. I did sign up to take more classes and I’m excited!!
Was there a sales pitch? Yes. Do I care? No. I was willing to look past that and evaluate what I really learned and if I’ll be able to put that to good use and the answer was absolutely YES!
Basically this is the program that RK recommends in his books: Find a mentor to show you how to do it, someone who has done it themselves. The books are inspirational, but don’t show you how. This is the HOW part!
For everyone here who is complaining about their experience, I think they are having difficulties seeing the bigger picture (remember: “see money with your mind, not your eyes”!) and they don’t want to invest their time. RK never said it was easy. Of course it takes an investment of time and money, just like anything else that you want to be good at, like playing a musical instrument at the professional level – you have to practice and pay for lessons for years. The complainers here are the majority of people in society who aren’t able to get past their fears. They are the people who believe in security instead of freedom. They are more worried about losing $6000 than they are excited about the possibility of being financially independent. If that’s their approach to life, then the stock market and real estate are no place for them anyway because those are two areas where losses are inevitable. It goes with the game. I’m choosing to step out and take a risk for something different!
Could I learn this from a book? Maybe. But I know I will learn it faster, and better with the motivation of the program and the mentors who are willing to “show” me how to do it.
I’m excited!!
Comment by Jennifer — June 5, 2010 @ 9:43 pm
Good luck Jennifer! I hope that it works for you.
I also paid my $495 to attend the 3-day seminar. I was very excited about the opportunity that this could possibly offer. And was hoping that it would offer a lot of “how to” information. They went over a few things that will be a big help with jump starting my future in RE. But, for the most part I realized that the mentor was going to show us that he knew how to crunch numbers and had the knowledge to make deals come together, but was not going to give us enough to figure any of it out with out purchasing the advanced training courses. So, naturally I was still interested at seeing what they was going to offer as far as prices for the classes go. Sadly, it was out of my reach and way more than I expected it to be. By chance that it was not the real deal – I can not gamble that kind of money away. Dedicated I am and will remain to be. Broke and desperate, I refuse to be. My wife and I have worked very hard to get to where we are now, and the fear of this not being what it is said to be by our mentor, just is not something that I can do to my family. I have 2 boys who depend on me to keep a roof over heads and food in their mouths.
I am sad that I don’t have the kind of money it takes to go forward with my financial education. I know that I would be good at it, and it is something that I always wanted to do.
I would like to here back from some one who has completed the advanced training courses, to let me know if it is truly what the seminar claims it to be and if they are making the kind of money that they claim you will make. Did they help build the Power Team? Did they walk you through your first deal? Do you have all the tools to continue on your journey to financial freedom? Are you seeing the money coming in that they said you would? Did it create a deeper debt for you to crawl out of? – Or did the debt create the financial freedom that we all hope for?
I am suppose to be attending my 3rd day in the seminar tomorrow, but I will not be going. I felt that the advanced courses was just outrageous in price, and they was being way to pushy with trying to get us to buy. (which put my guard up)
Comment by Ryan — June 12, 2010 @ 11:55 pm
Just to give an update… I’m currently working on the independent part of my advanced training for the Stock Success training and am learning a lot!!! So far, so good!
Comment by Jennifer — June 19, 2010 @ 1:07 pm
Just went through the 3-day RE training in Pasadena. I would say that there was not one sentence all weekend out of Scott Zuckman’s mouth that wasn’t crafted to sell the three big packages. Clearly, Scott and the “Success Team,” as he called them get a big, big commission on all the sales during the event.
I hope there’s a special place in purgatory for the Rich Dad Education sales team.
Comment by Mike M. — June 21, 2010 @ 6:42 pm
Thank you!!!
I attended the 2 hour semimar here in Mississuaga, Canada a couple of weeks ago and was feeling a little depressed that I couldn’t afford the 3 day training that was coming up in a few short weeks. My friend and I weren’t prepared and didn’t bring our pocketbooks so we asked if they would be offering the discounted price of $495 at a future seminar and we got a BIG no from the woman that was handling applications than she turned her back on us. We decided to just leave and watch for any upcoming events, as a matter of fact that is what brought me to this site. I am so relieved that I left my wallet home that day!
Thanks to everyone for getting the message out there!!
Comment by Jo-anne M. — June 23, 2010 @ 12:08 am
he has a lot of crap but and just preys on people who are looking for a better life, but just ending up going into more debt. I think he should be put in jail because a few of my colleagues have attended his advanced trainings and lost a lot of money. I am happy I didn’t but I feel bad for the millions of people he has hurt financially. He is great at selling but has not financial knowledge whatsoever. Stop hurting people robert before the sec comes down on you.
Comment by danny — June 23, 2010 @ 1:46 am
People, most of the information you get here is available in books at your PUBLIC LIBRARY, in the real estate section.
Look at your local bookstore too. They give ‘real life’ examples, and expect you to do the same.
If you can afford $12k – $75k, go to UNIVERSITY and be a doctor, engineer, accountant. Who spends thousands of dollars without thinking/researching? You shouldn’t.
I’ve read/listened to most of Rich Dad series, and I take it all with a grain of salt, but also read other books.
Overall, I do own real estate for investing, but I did it my way that worked for me. You have to find a method that works for you, because every situation is different.
Comment by Sammy M — June 28, 2010 @ 3:40 am
DO NOT SPEND A PENNY ON RICH DAD EDUCATION!!! They are 110% a scam to get you to spends TENS OF THOUSANDS ON DOLLARS on their “advanced training”.
I just attend the $495 3-day Rich Dad Real Estate Academy and they tried to get me and my mom to cash out retirement, max out our credit cards, & take a new loan on our homes to spend $12,00-$65,000 on “Advanced Training” class that may or may not be in our area, that may or may not be full and open to enrollment.
Please, do yourself a favor and just stay away. They’re crooks and they dpn’t care.
For those of you who have complaits, I’d encourage you to file a complaint with the Better Business Bureau.
They have a F rating under the company’s previous names Whitney Information Network, Inc., & Tigrent Inc, and they keep changing their name to try and hide their corrupt past.
We need to protect others from these types of predators. Sooner or later these people are going to end up in jail.
Comment by Supergirl — July 4, 2010 @ 7:24 pm
I attended the 3-day seminar at a special rate of $199. It was informative; however, I found it misleading when it came to making money. Let’s face it – if I had $12,000 to attend just 1 class, I would not be sitting in a cut rate class of $199 hoping to learn to be rich~ Rich Dad is probably profitable ONLY if you have money to begin with. If you are poor, middle-income or broke, you will come out of the training even broker or poorer and with low self-esteem. I am a Christian just like the presenter described himself but it makes one wonder! You are told if you don’t invest $12k at the seminar then you are really not intersted in becoming rich and that you have wasted your time!
Comment by Jennifer — July 19, 2010 @ 10:30 am
I attended the 3 day seminar in Milton Keynes, UK. On the third day the presenter encouraged people to take up University classes at exorbitant fees. The cheapest was £7000. If taken that day it would come down to £4500. Some fees were as high as £28000. I was motivated to do the course but I had no money. I never expected these kinds of fees before the seminar. To my surprise I saw people flocking to pay the fees to attend the university. I asked if it was possible to use my credit card to pay a deposit and then over the next few months pay the difference. The guy agreed. During the following weeks I received calls everyday to pay up.I was fade-up and I asked them to refund my £1000. They said no refund because “you did not cancel within the 7 day cancellation period”. How could I cancel in 7 days when I asked for weeks/months to look for money??? They are refusing to give back my money. I am looking to see if they can give me rich dad materials worth that much, may be I can sell it and get my money back.
Comment by Phillip — July 30, 2010 @ 3:37 am
FYI – if you do sign up for their courses at the $495 seminar, they’re NOT worth it. You can get just as high quality education somewhere else, like your local REIA, for much cheaper.
Comment by kelsey — August 4, 2010 @ 11:10 am
I am doing the 3 day in the UK, has anyone had any success with it?
Comment by Nikki — August 8, 2010 @ 5:38 am
I will be attending a 3-day seminar at the end of September. I probably will only just go to the first 2 based on what I’ve read here about the excessive sales pitch. I have to say that the people at the free seminar actually did disclose the high $ cost of the advanced training and told us to be aware of it. I felt there was alot of disclosure about the Rich Dad program; maybe due to all of the negativity here. I will report on my experiences shortly thereafter. However, I will say that I know for sure I won’t be signing up for Advanced Classes as I don’t have the money. The materials that they give you for the 3-day seminar is informative, but you can probably find the same info on the internet. But it’s nice for everything to be consolidated here. I can also say that based on the reading material, it’d be alot easier if you had some kind of prior education or experience because it can be over the head. This is a clearly not a get-rich-quick scheme. Rich Dad clearly says it will take work, risks, and alot of dedication. The whole point of this is to become your own investor if you are willing to put in the work and are not fearful. Everyone’s situation is different and Rich dad clearly states that if you don’t have the necessary mindset, then don’t do this. So to be fair, yes the classes are very expensive and not for everyone. However, I would stop short of saying that this is a scam.
Comment by zof — September 13, 2010 @ 12:22 pm
Just wanted to add another update. My husband and I both attended the free one day class and then a 3 day seminar this previous weekend on real estate investment. The cost to attend the 3 day seminar was only $199 total for both of us to attend together (my husband as the primary attendee and myself as his guest). So apparently they have reduced their costs there. Based upon the sales focus in the initial one day event, we were prepared for the upsell tactics at the paid 3 day event. And a lot of time was spent in the seminar on trying to get everyone to purchase the advanced courses. However, I was still really happy with the amount and breadth of information that was also supplied in this 3 day seminar. Here’s some of what we learned:
* double principle payment methods to save on mortgage interest costs
* 40 year mortgage loan advantages
* property investment contract terms to include in our offers for our advantage, including escape clauses, right to negotiation, right to show, fixup costs, roof and appliance warranties, etc.; I personally really appreciated these tips because no realtor has ever recommended these to me as a home buyer, and they allow you to put a contract on a home, ensure you won’t get stuck with a leaky roof or appliance that breaks down while you’re trying to resell the property, you can show the property before closing on the deal and find a buyer before you ever have to close, and you can get out of the contract with no cost to you if you can’t find a buyer or tenant before closing, thus ensuring you don’t get stuck with a property that will sit empty and costing you money for months
* methods to setup LLCs and C and S corporations and how to use them with quick deed claims to invest in properties in a way that will be protected from lawsuits.
* lease options with a detailed example showing how to set up the lease option terms and specific payment percentages to ensure your mortage, insurage and tax costs are covered plus net you a profit even if the tenants decide not to buy, plus how to use various techniques including foreclosure purchase methods, double principle payments, and interest earning escrow accounts to earn even more on the income the property generates, and how to set yourself up as “the bank” or loan provider for your tenant
* mobile home and mobile home park investment tips, including what age and type of mobile homes are the best return on investment, how to buy them cheaper with less down, how to set up rental payments for your tenant if you own the home but not the lot it’s on, startup costs for parks, zoning issues to watch out for, and which areas of the country would make mobile home parks a more viable opportunity (the speaker was forthright in saying that my area’s depressed housing costs would not make mobile home parks a good opportunity locally, and that areas like California with very high priced land would also decrease the potential profit of a mobile home park too much to make it a viable opportunity)
* a detailed method for how to show a rental property once and ensure it’s rented, and how to prequalify potential rentors to ensure they will take care of your property if you rent to them
* tax liens and deeds…what county setups to look for, when these are good or bad investments for you personally, why bid down auctions are bad, a few lien/deed attachments and tags to watch out for and avoid, why 1st liens are better than subsequent liens on a property
There was a lot more than this, but these are the tips that I can remember off the top of my head without going over the notepads of notes I filled up.
I’m glad I got to play the Cash Flow 101 game, and do intend to look for a cheaper copy of it on Ebay (because $200 for a new copy is ridiculous). I do not plan to attend the advanced courses due to lack of funds, but might have considered attending one if someone else there had been willing to split the cost of the cheapest package ($10,000 on site price, $12,000 if bought later) with me and I’d had $4,500 available to spend. The speaker did advise everyone to go home and see which credit cards in their possession still were active (or able to be activated if they were just a credit card offer), but he didn’t suggest anyone raise their limits on them or give us any scripts to use for that purpose. They did require us to switch tables between the morning and afternoon sessions “for the purpose of encouraging us to get used to meeting people, as well as to ensure we weren’t trying to sell each other on other money making opportunities like gift basket businesses”. They specifically disallowed any class contact info signup sheets that would allow us to pass around our contact info en mass with each other, but plenty of people still networked with business cards at lunch off site and in the bathrooms. They did have us all do personal coaching sessions with the other two team members to go over any questions we might have regarding real estate investment areas we wanted more info on, and I was very glad they didn’t mention the advanced courses or any other products to try and sell us at this point. The speaker did go so far as to say that if anyone’s phone wasn’t set to vibrate and the noise of an incoming call interrupted his class, he would grab the phone and stick it in a bucket of icy water where he kept his bottled water at the front of the room (this was pretty much on par with high school/college class teacher warnings). He did continually push for people to verbally answer his questions throughout the seminar, probably to ellicit “yes” from us a lot to help mentally prep us to say yes to the advance courses, but I don’t think this tactic worked on most of us because there didn’t seem to be too many who bought the advanced courses. He spent an hour on his personal story, which I thought was excessive considering we paid to be there for usable information and not his life story (but that could be just my personal opinion). He was overall polite. He did get caught in a lie…he said that he’d never taught a class our small before (46 people) and on the first night had come up with a new offer just for our small class (the offer was to allow anyone who bought an advanced course package that included a mentor to be able to contact him for advice too), but later he slipped when discussing a student at a previous seminar who had found a way to afford the advanced courses because she was “so excited and determined to get to seek his personal advice whenever needed”. He also spoke frequently about an upcoming 17 day yacht trip he had planned with his wife, a rented yacht, a captain, etc., which quickly grew to be annoying and obvious. He also asked that people not stop him to talk on his way out of the class, but that they could stop him on his way back into the class…except he was always just in time to start the next class session by the time he returned and was always immediately busy talking with a member of his team, so I’m not sure anyone felt comfortable talking to him one-on-one. But he was a decent speaker, he didn’t speak fast or aggressively, and he went into detail on each example he gave, slowly working the numbers with us on each step and answering questions along the way so we could follow along well. So I thought he did his job well as both an educator and a salesperson, as I’m sure the company required him to do.
In summary, the entire seminar was a bit like panning for gold in a river…there was plenty of nuggets of good information interspersed throughout the event to make it worth it, and whole hours spent on nothing but supplying these nuggest of info, but you had to be willing to sit through the upselling for the advanced courses too. It was a lot like sitting through a good movie shown on TV without the benefits of TiVo…you had to be willing to endure the commercials throughout in order to get to watch the “good stuff”. So if you have zero tolerance for commercials/upselling, then I’d recommend spending weeks looking through free books at your library and/or the Internet instead. But if you want to receive good information on a wide variety of real estate investment areas in condensed form, this 3 day seminar is a great way to go. I came away from it feeling more confident about which areas I personally want to look into more at the library and via other info resources, and which areas would be a waste of time for me. I wish they would be willing to sell the real estate success software separately, as I would have gladly purchased it, and I really think they missed a HUGE opportunity for sales there.
Comment by Mel — September 20, 2010 @ 3:50 pm
Well, after the 3-day Stock success seminar, I can confirm the “up-sale” techniques periodically given throughout each day. Day One was upfront about the costs and agenda of each advanced training. Day Two was focused on options trading and strategies, from which I gleaned bits of useful insights. But you can probably find the same strategies on the internet. It was nice to have an opportunity to discuss scenarios and charting with the trainer in person. Day 3 was more advanced training promotion, but I did learn how to open a brockerage account. They give you good choices for brokers and did not pigeon hole you.
Overall, it was worth $200 if you bring a friend to share and have a discussion with regarding the information. I will not be doing the advanced classes, but I think maybe 5 people signed up of various age groups. I would think the advanced classes are more “useful” for the elderly as they have the nest egg and time to day-trade. If you’re young, I would just learn this stuff on through books and internet chat rooms for strategies. In conclusion, I don’t think this is a scam, but it’s not worth it as long as you’re smart and can learn on your own without someone holding your hand 90% of the time.
I definitely do not think that the previous cost of $495 a couple years ago was worth it. I think that would be considered a scam! $200 is not bad, considering it’s a full day and you have a fair amount of Q&A time, plus the books and CDs. The Machtrader is expensive after the 30-day trial. I would recommend not using it for now unless you trade throughout the day and trade options. For simple stock trading, just go to zignals.com for a free basic version of Mach Trader.
Comment by zof — September 27, 2010 @ 2:28 pm
this question is for Steve april27/2010 35k for advance course!
hi steve, did you ever get your moneys back. how long did it take? was it difficult?
Comment by karen Martin — December 6, 2010 @ 5:13 pm
can see a number of you are negative. best of luck then.
Comment by oladele — December 12, 2010 @ 10:32 am
On Dec 15, 2010 I attended a Rich Dad “Stock Success Workshop” in East Hartford, Connecticut. The speaker started off by apologizing that Robert K. could not attend. During the the whole workshop the speaker was trying to sell a $199.00 3 day training class for Jan. 2011. After one hour I raised my hand to ask a question and was told to wait till he was done speaking. 30 of the 50 people in attendance started to sign up and eager to pay $199.00. After 1 1/2 hours of listening to the pitch I went up to the sign up desk and asked the lady if at the 3 day class would they would you try to sell me anything else and at what cost. She said they will have additional training for $5,000.00. I asked for more info and she walked away from me to an eager couple with their wallet open. I left after that without signing up. I am glad I didn’t after reading all the scams Robert K. is into. He has workshops on Real Estate, Stock, etc. and anything else that will make him a buck. I have always been in sells and will always hear someone else’s pitch.
Comment by Rich — December 16, 2010 @ 8:46 pm
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Comment by Jennifer — June 19, 2010 @ 1:07 pm
Comment by Jennifer — June 5, 2010 @ 9:43 pm
Hey Jennifer, after reading every post here, it seems you are the only one on this thing who has actually attended the Advanced Stock Success Trainings. How was it? Are you trading full time now, and how did everything work out? Please let me know, I’m having a rough time finding any reviews on the advanced stock training, which i am extremely interested in. If you every get this please let me know, or if anyone else has any info on where to find advanced class reviews please let me know.
Thank you very much.
Comment by Rama — December 27, 2010 @ 2:36 am
Hello Everyone, after reading some of the various comments I had to leave my two cents worth. First of all I have never seen a site where you have folks ranting and raving that a college education is the biggest scam ever. Where you invest years of your life tens to hundreds of thousands of dollars and upon graduating never learning a single thing about how to make money and generate wealth. And then I see folks griping about paying $495 for RichDad’s introductory course on options trading when last I checked the textbooks for one or two college courses can cost you close to 500 bucks let alone a single college course. Come on folks…so what if the 3-days is spent pitching the more advanced courses if I can go into severe debt and plop down 40,000 on a college degree that no longer even allows me to get a job that pays a livable wage then surely I could drop 10,000 even if it does inolve going into debt on training and coaching on a sure-fire investment technique that will make me more money than a college degree ever did or will. And ooh wee…what if I never made any money from the introductory course or the advanced training it is called an investment and their are no guarantees…I wonder how many of the complaints on here are made by folks who are wealthy…Ask any extraordinarily wealthy and successful person how much they have invested in educating themselves to create wealth and for the millions they have made they have spent tens to hundreds of thousands of dollars and are involved in a continuous educating process. So if you are serious about transferring from a middle-class mindset to a wealthy class mindset perhaps you may want to reconsider shifting your paradigm and get with some program…and if it is totally free then the amount of useful and applicable info that you receive from it will be reciprocal.
Comment by Arletta — January 5, 2011 @ 12:56 am
Hi,
Rama thank you for your comments. I understand that we need to invest in ourselves but the issue here is that Rich Dad is promoting how much you will learn from their 3 day training but are spending a lot of time selling the advanced program. If i’m going to a training it’s to learn something. I will attend the 3 day training in a few weeks in Toronto and let you know how I feel about it.
Regards,
Comment by JB — February 3, 2011 @ 8:25 pm
Funny how no one in all these reveiws has been on an advanced course. Do you think that they feel just a little bit stupid at having wasted so much money, and dont want to comment. Can anyone hear fig how you would be so stupid as to pay so much for something you could get out of books for a fraction of the price. What these companies offer is the same course over and over to lots of peaple, and the most expensive thing to the companies offering them is the sales pitch. Come on peeps wake up and smell the coffee
Comment by Dave G — February 10, 2011 @ 7:45 am
I attended the free seminar last nite Feb 9. They said it would take 90 minutes. It lasts over 2 hours. As I been involved in a seminar of this type before “Teach Me To Trade” I knew this was just a pitch to try and get you to invest thousands of dollars in coaching alone. Not including the cost of travel and hotel reservations. Well after 2 hrs I got up and ask for my free DVD the attendant was very rude and told me that I would have to stay through the high pressure sales pitch. I said forget it. I was very surprise in the unprofessional and arrogant behaviour of these highly trained salespeople. These guys are not Real Estate Experts they are salesmanin disguise. They dont give a damn about you getting rich they just want to get rich off your money.My advice save your time and money.
Comment by Jer Jer — February 10, 2011 @ 11:04 pm
I’m amazed at how many people out there insist on sticking to the “broke” mindset. Yes, I too have been to several different seminars from various companies over the years and have been highly skeptical of all of them. HOWEVER. I can tell you that I put my faith in Robert Kiyosaki and the Rich Dad system waaay ahead of everyone else. Here’s why:
In 2005 I was fortunate to stumble across “Rich Dad Poor Dad”. I devoured it in 2 days and was sitting in my first Cashflow game within 1 week (through a yahoo group). I played every week for 6 months, read 2 more Kiyosaki books, and attended 2 weekend wealth expos (for $99) which had a multitude of hour-long seminars on a variety of RE topics and were sponsored by Kiyosaki and others. ***With just this tiny bit of knowledge, I was able to buy a vacation rental condo & assist my mom with buying a commercial property, both of which still have positive cashflow in this economy.*** AND I DID THIS WHEN I WAS IN GRADUATE SCHOOL, WHEN I HAD LESS THAN NO MONEY, & WITH MY MOM ON A FIXED SENIOR’S INCOME. If I can be this positive and forward thinking with 0 money and just the little bit learned from Kiyosaki, can you imagine what I’ll be able to do when I’m fully educated with Kiyosaki?
I just finished the 3-day intro course. After experience with other systems and speakers, I now know good value when I see it and have a good instinct for separating the wheat from the chaff. My boyfriend and I immediately signed up for the 8-course advanced training, and we start tonight with an e-learning class. Neither of us have money to speak of: I’ve been long-term unemployed and he’s still recovering from a divorce. But we know that this is, without doubt, the best investment we will ever make in ourselves for us and our families. Why? Because we’re smart, determined, and have the wealthy mindset.
I’ve been where lots of people on this review site have been. And yesterday I ran into a fellow student who said he wouldn’t be able to sign up for any advanced classes because he has no money. I understand that, and told him what I’ve been able to do with just the little bit of RE learning I’ve had from Kiyosaki. The hope and determination that lit his eyes is the reason why I am now sharing my story here. If I can do it, so can others.
You likely won’t hear from me again on this site…I’ll be too busy making deals and bettering my life to indulge other people’s “poor me, you suck, life sucks” mentalities. If even one of you is inspired by my words to get out of the rat race, then you’re very welcome and thank you for listening.
Cheers.
Comment by Alex — February 21, 2011 @ 6:23 pm
The thing is you guys really don’t get why it cost 70K the 70 is to see if your not afraid to spend it on an investment, plus you have access at the clubs of other people who have put substantle money down. KEY WORD OPM OPT with out this you’ll never make it. EVER.
Comment by Kevin Turner — March 17, 2011 @ 3:26 pm
Alex (or girlfriend of Alex), how is your advanced training going?
Comment by NJ — March 23, 2011 @ 12:30 pm
Me and my fiance just took our First advanced training. It was far beyond what we had ever expected. We are completsly confident that we will have all of our classes paid off within the year and be bringing postive cash flow from just what we learned. The trainers care sooo much they are real people that use to be in our situation and get paid for doing theze trainings but it is actuall training they dont try to sell u anything. I was scared when we bought the clases because of what i was reading on here and other places but my heart told me otherwise. I took the leap and i can garantee u they messed up in the past but they have definatley improved. The other students in the class had taken alot of the other advanced training and they had absolutley no complaints. They had already been foin deals from what they learned. It was like we had made it over the bridge and the grass was greener. This will be my last post on here just wanted to let u all know from someone who has taken the advanced training that it is for real and not a scam. I am going to get back to getting the business started good lucj to the rest of u who listen to ur inner voice and not to the fear outside. Hope this helped!!
Comment by Colin — March 31, 2011 @ 1:13 am
You people are the biggest bunch of idiots ever collected in one area. How stupid can you be to think — to actually THINK that someone is going to teach you their secret to financial success? If these assclowns were so financially savvy they’d be out making millions by using those methods they are “teaching” you. They wouldn’t be wasting time traveling around the country and spending days at a time sweating you to buy additional training programs because they’d be too busy making big money off of their amazing financial system, duh!
Do. The. Math!
Where are all the success stories from the people who have been bilked out of thousands to attend these seminars and who have gotten “mentoring”? If this crap worked the people advocating it would be doing it themselves instead of shilling at weekend seminars.
Again – Do. The. Math!
Seriously, every single one of you losers who got stung by this snake oil hokum deserves it. You were willfully stupid. Any half-wit could figure out that there is no free lunch, there is no quick fix and there is no substance to this garbage. Again, you’re all idiots. Have fun declaring bankruptcy in the next year or two you morons! LOL!
Comment by Hermione Hairpie — April 10, 2011 @ 11:42 am
Well, leaving my feedback from the beautiful Island of Puerto Rico! I just got out of it, and at least I raised my hand about 8 times and the Public Speaker never took the time to listen to my “Million Dollar Question” with whom will be trading?…Now I know why…for example, The famous “Stock Success Workshop” is good in terms to letting you know, you could make money having the right “Tools”, being one of them the one they mention: MachTraders software…while this guy was talking upfront, I went in my PDA and found that MachTraders got their own site “Bingo”, so the knowledge is already there without having to spend $199 at the coming up 3 Day Workshop. 2. MachTraders is just for knowledge on helping traders how to work better decisions when trading this is “Great”! without having to spend a $. 3. MachTraders you can’t open an account and start trading…No No No…, so you still have to find a Trader?, RichDad Workshop seems that won’t show you that till they get you to buy the Advance Courses….4. At the end of the Day, WE ALL NEED TO BUY AND SELL…it looks this 3Day Workshop won’t be a real deal to get you started making more money
…
Comment by Hector — April 27, 2011 @ 5:12 pm
REAL ESTATE SOFTWARE BAD NEWS We went to rich dad $200 seminar (we paid a couple fee). Everything seemed pretty interesting, we are new at this so had no idea what to expect. We sat 3 days in a seminar room listening to how much money you could make, an intro to real estate, but it felt more like a 3 day sales pitch. At the end, they were trying to sell their courses which range from $7000 (for a 2 day class) to $70,000, for pretty much a mentor, 5-6 classes. this outraged us! they were offering also this software “on sale” for people attending the seminar for $1579.00. my husband and i were convinced this is what we needed, so we purchased it. After about 2-3 weeks of having it installed, we realized IT DOESNT WORK. We cannot search anything in our area (WI). In fact, when doing searches for properties in our area, states like CA, KY, TN, MN show up. The comparables doesnt work. If we search 2 bedroom/2 bath, nothing happens. Plus, all our prices are in EUROS and the decimal points are all moved/shifted. Instead of $2000.00 for taxes every year, we have something like EURO 20.0000. we cannot make sense of it. we called technical support but so far, have not had the problem resolved. Stay away from the software and find a good realtor to gain access to the MLS. Dont waste your money. in addition, there is a $40 per month fee…..spend it on something else.
Comment by xena — August 23, 2011 @ 9:53 am