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!

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.

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 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.

hi steve, did you ever get your moneys back. how long did it take? was it difficult?

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.

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.