Complaint Review: Robert Kiyosaki

I was approached by a nice gentelman on the train.  But when someone is so nice and then they tell you about an "opportunity", I have learned from past experience to be wary.  But I agreed to meet him and his wife, because I figured what could just hearing him out hurt.  Well, it cost me an hour of my life that I could have watched my daughter swim at her lessons.  Ironically, they promised me that this would give me more time with my family, but from the start, they wanted to meet me again 2 days later, after I read Robert Kyosaki's book, and then go to a seminar on Saturday, which is the day my 4 year old has his graduation from pre-school.  He was not happy when I declined the Saturday invite, which put me off, because, I didn't understand how he could not relate, since he had 4 kids of his own, and was also doing this to be home with his family more.  It left a bad taste.  I tried to reschedule the 2nd meeting with him because I had family comitments and he still persisted.  Why is it such a big deal for me to miss or reschedule an appointmen, especially when it is obvious that I am being honest?  This caused red flags to go up, so I googled the only piece of information I had about this guy, which was the book he gave to me and the fact that this was some sort of network marketing.  They wouldn't tell me more because it was proprietary, and I would find out later if they felt I was a good fit for this.  Well, the google search, returned this site towards the top.  I was not surprised.  I am not going to waste another second of my life with this nonsense.  Great, right now he is calling me.  I'm ignoring it.  I'm tired of people putting forth a fake facade of niceness to further propogate this type of crap business model.  It might work for some, but I never want to be that type of person, because they are the type of person that preys on the innocent and the optimistic.  I used to be such a dreamer, an optimist, but these scams have taken a toll.  Fortunately, I'm getting out before I lose what little optimism I have left in life.  Thankyou for spreading the truth.

I completely understand your anger and frustration with what happened to you, its not right at all.  But I have to say Im a little confused, you read some books about investing and then decided that was enough for you to sign up for a seminar to magically teach you skills that take years to fine-tune...I think you should first take a little responsibility for thinking that it was going to be that simple...again Im not saying what they did is right, but blaming everyone else for your mistakes wont teach you much of anything...

All of you knows RUSS Whitney (Whitney Information Network, Inc. (OTCBB:RUSS)) also operated Wealth Intelligence,  was indicted for fraud by Federal Court. Russ also team up with RICHdad continue his scam selling courses and stock trading education etc. Russ owns Tigrent 39% (now you know what is going on here) and Richdad owns 9% of the Tigrent company. By creating a new organization call Tigrent, Russ continue his criminal act and here RICHdad joins in to share the prey. 

Robert Kiyosaki lost money in stock and also his investment but make money in his book and education course. He is classified as modern Snake oil saleman just like Whitney. 

Learn their tactic of tricking people into signing up classes for thousands of dollars like what posted here. Please do not attend their classes. It s not worthly.

I have experience with them (RICHDAD classes). Example, sending a small town IDAHO gal to teach wholesale class in Seattle...during the field trip, she has no idea what is going on. Sending a texas fat cowboy to teach lease option in Seattle...he can't even finish a sentence without taking a break.

Do you think people paid these kind of money 3-5K per class, and they can not find a local trainer who know the local market to teach?

Whitney, Richdad organization are crooks. stay away from them.

You are dead-on with this.  Their practices are in bad faith and are highly irresponsible towards the people they claim to help.  

On the recommendation of some friends, I gave this a chance, despite being a skeptic of slick marketing.  I attended their free seminar and was pretty alarmed by it.  First of all, they don't give you any useful information - they just play on your hopes and fears to get you to spend money on the real course.   What's in teh real course?  A small amount of information, but as you and other report, the bulk of it is in selling the NEXT course. 

I know a few people who have spent $10-$30k and are very upbeat about it and their investment in their future.  However, in addition to spending this money, they have sunk *on average* ten times that into investments.  All of this is pure debt.  What's alarming about this is the absurd assumptions that they are reciting from Rich Dad, such as:  "the real estate market will always go up",  "there is no risk", "you have to spend money to earn money", and so forth.  They have NO CONCEPT WHATSOEVER of economics, finance or business, just an enthusiastic belief that they'll succeed.

Now, not only are these people taking ridiculous risks, but they're preying on people less fortunate than they are.  One of the things Rich Dad teaches is how to buy other people's mortgage debts, evict them and resell the house for profit.  They are taught that this is a good thing for the economy.   It may help the "economy" a fraction of a percent to recycle these properties and help banks mitigate loss, but that does precisely NOTHING for the people being evicted.  These Rich Dad students happily go about their altruistic business of evicting people from their homes.  It's disgusting.

But that's what Rich Dad does itself.  In the meetings, the teacher and sales team methodically manipulate students who are mostly of very limited means.  I've seen them pressure many people into spending money they didn't have in the most unfair and selfish ways.  It's outright manipulation of those who are uneducated and poor.  I cannot express enough how disgusted I am with Rich Dad and companies like it (there are tons of them).

Some may say that many businesses work this way, and they're right -- unfortunately many businesses have refined the manipulation of consumers to an art and science.  While they may be technically legal, they are not at all ethical or in the spirit of the law.

If these courses worked so well, they should be free -- Rich Dad shuold invest money in YOU to take the course, in exchange for a cut of the MASSIVE profits made by their students.  Wouldn't that make much more sense?

I have been to a few of these before. It is actually a very common model for a lot of companies. They rent a hall from a hotel and give out free tickets for their "Free Seminar." 

Thank you very much for taking your time to post this.

Ironically I was just typing "Richard Kiyosaki" in the google search trying to locate one of his great quotes cause I wanted to quote him.  the word "scam" lit up before I was finished writing the name.  I clicked on it, your post was 3rd in the search, I clicked it first since ripoffreport is awesome. 

Thank you very much for explaining what happened.  I used to be a big fan of Robert and now I'm very turned off by his intent for starting his business.  I will now read more about his poor practices and will share it with others.

Again, thanks for the post!

Max