Irene
San Diego,#2REBUTTAL Individual responds
Mon, April 09, 2012
I paid $200 for 3 days Rich Dad Workshop for RE Investors on March 2-4,2012.
There are 2 hours some info regarding RE. I am a RE investor with 15 years experience- I have more than 57 doors. On Day 2, the instructor decided to spend the remainder of the time talking in detail about the locations and costs for the "Advanced" classes, that you will need if you are "serious" about making money.
- start with that is $18,000! up to $74,000 for many classes. And, they don't give you any real details about the class. Well, after listening to costs in gory detail-I was very disappoint. Please be smart- people are not idiots. It has been ruined a reputation of Rich DAD COMPANY. It's a Shame! On next day- the instructor start over about the cost for the "Advanced" classes and spend more time to sell a classes. I couldn't take the hard sell that was going on. I was so sorry for loosting my time and not receiving any valuable information.
I respect "Rich Dad Education.
Please do not ruin your reputation!
Giovanni
Fallbrook,#3General Comment
Sun, November 06, 2011
I too recently went to a 3 day Rich Dad Poor Dad seminar that cost me $200. Ok so paying the $200 wasn't that big of a deal. I believe that the instructor was a successful investor because I did get some good information about real estate that I didn't know but overall I'd have to say it was a sales pitch. The staff weren't very patient with us neither. For example on day 1 we played the cash flow game, everybody at my table never played the game and when we asked a staff member a question they were very slow to help and they looked/talked to us like we were stupid. On day 2 the instructor said that this is the most important part of the of the 3 day course, and do you know what it was? It was the sales pitch for the advanced training that you need to take to make serious money. The classes ranged from $20,000-$100,000. And each class is only 3 days and you have access to a mentor for 3 days and that's it. Many people showed a lot of frustration because we too were told that it was an intensive three day training to learn on how to invest. They never told us that they were trying to sell us more classes for an ungodly amount of money.
Needless to say I wasn't suckered into paying that amount of money. So I left. About a week later I went to the local real estate investors club and networked with great successful investors that are willing to help. One of them was a Rich Dad Poor Dad success story and became a mentor for Rich Dad education and quit working for them. He straight up told me that most of the instructors that teach the basic three day seminar aren't investors. They're trained salesman. He said that most of them don't even own they're own house. When he came out to the different states as a 3 day mentor for those who were dumb enough to pay for those ungodly expensive classes, that the students told him that the instructor from the 3 day seminar made all kinds of false promises. Saying stuff like "If you pay for any class that has a mentor, you're mentor will come out and help you with some deals and you will make your money back in those three days." He had to tell them that it wasn't true. Those instructors are salesman. Not investors.
Anywhoo when I went to the local meeting to my surprise IT WASN'T A SALES PITCH!!!! The speaker actually spoke about what's really going on in the local market. And it only cost me $15 to go to the meeting. Then I forked over another $20 to buy this awesome book that gave me all the information and more than the 3 day seminar from Rich Dad education. And it cost me a total of $35. Not $200, or $100,000. So I spent the rest of the time actually networking with real investors and I picked their brains. I'm meeting with 2 of them this week to sit down and figure out a mentorship plan. So in a nutshell, Rich Dad education seminars RIPOFF!!! Don't waste your money. There is a huge amount of money to be made in Real Estate and there are good programs out there. Just do your research. Right now the Real Estate Investors Association (REIA) is the largest Real Estate investors club in the nation that provides good quality information and is an outstanding place to network with successful investors that are willing to help you get started. reiclub.com is another great tool but most importantly google your local investors club, go to the meetings and network with investors and find some mentors that will help you get started. Have a great day.
Jk, Pa
Mohnton,#4Consumer Comment
Wed, July 22, 2009
Yes, I too went to the three-day seminar. Yet, knowing much about real estate investing and an expectation both, to further my knowledge, and know that education is expensive, I am completely satisfied that I had engaged in WIA advanced training. Myself an M. Ed graduate, my son an MBA, my daughter a current Juris Doctorate enrollee, I believe that my financial education is best served by this avenue of education. My wife and I had been real estate investors (multi-family and off-campus student housing) for more than twenty years, yet our financial approach to continued success was always hampered with the "how can we get to the next level of investment" concern. Having been involved with the WIA for about one year, we have networked our experience and the education provided to reach beyond our initial expectations. All highly educated members of my family through the "formal post-secondary and beyond" education system whole-heartedly believe that the WIA has provided that promised financial education that was proposed during the three-day introduction. My wife and I now know what financial freedom truely is, thanks to our foresight, and the "Zuckman" introduction. It is unfortunate that so many think that $500 will solve their financial woes, yet finance their son's and daughter's "formal" education, at hundreds-of-thousands of dollars, to do little more than teach them to be employees. I now know why the vast majority of Americans live the daily grind and complain, while the few "financially educated" reap the rewards of the American dream. It is sad that $500 means too much to so many when it comes to educating for personal wealth.
Byron
Nowhere,#5Consumer Comment
Fri, June 19, 2009
A few years ago I worked for a seminar company before I knew how scuzzy they were. You will probably have a hard time getting your money back from them directly, but companies like this are very responsive to the BBB and attorney general. Go through their Byzantine return process. Make calls, send the return form back, etc. If you can cancel the purchase from the bank side, do that. But don't give up if they seem to be avoiding you, or even if some bogus deadline has passed (e.g. "you have three days to return this, but we won't return your call until four days have passed.") Companies like this spend alot of money trying to keep their image positive--they'll hire blackhat SEO firms to suppress negative web links, they'll monitor sites like Ripoffreport, and usually try to keep up with BBB complaints. Even threatening to complain to BBB/ripoffreport/attorney general will usually get you your money back. If not, make good on your threat and you should hear back from them soon. Many of these companies have had trouble with the attorney general offices of various states. Our company couldn't hold events in Ohio, and I think California just laid down some heavy penalties on a few of our vendors. The point is, speak out and you will probably get a good response from the AG. Nobody likes these guys.
Sarah Polanco
Las Vegas,#6Consumer Comment
Sun, January 13, 2008
In 2007, former business partner/collaborator and attorney Sharon Lector filed to sue Rich Dad Education, Robert and Kim Kiyosaki in Las Vegas District court. The case is ongoing. At least 2 courtdates are scheduled for this January 2008. To view the "case activity" log onto: www.accessclarkcounty.com then double-click PUBLIC RECORDS then "District Court" and enter case # 07-A-549886-C