Rich Dad Coaching / Rich Dad Experts’s earns a 2.7-star rating from 0 reviews and 24 complaints, showing that the majority of financial coaching clients are somewhat satisfied with their educational experience.
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Rip Off
I attended a Rich Dad Poor Dad Seminar. There were several promises during the presentation, including buying a mentor for three days at a mere cost of $24, 000.00. The first exercise is to go out and request the highest credit line from each credit card company to supposedly increase your credit score. They then spring the sales pitch, buy this, and we will help make you rich. I am a highly educated inpendependent woman but I know I have been ripped off. Within a week after purchasing this great mentor package, I receive a phone call from Rich Dad Poor Dad. They now offer me a coach to get me started for another $8, 000.00. That is when I knew I had been ripped off. Please don't make the stupid mistake I did and invest in ###.. I cannot believe the psychological rollercoaster the presenters get you going on. Good luck, Mciehel
The complaint has been investigated and resolved to the customer’s satisfaction.
Misleading Advertising Seminar
I attended a free 3hour conference last month that the radio advertised as ¨learn to be rich¨. In the conference they sold a three day seminar that would teach us what to do to ¨be rich¨. I bought the 3 day seminar for $495.00. They game a kit. I attended the 3 day seminar where I took a day from work. They provided some superficial information about real estate investing. The bottom line is they underlined ¨You don´t know what you don´t know¨. They spent most of the time talking about their advanced courses. The price for the advanced courses ranges from $14k to $65k. I don´t think it´s fair to pay almost $500 just to be told you need to buy their real product.
The complaint has been investigated and resolved to the customer’s satisfaction.
Education scam
I paid for a 3-day real estate training seminar (10/3/08 – 10/5/08) and what I got was a 3 day sales pitch on additional seminars. When the “instructor” was asked several times when we would be receiving training he stated that “you didn’t expect to receive detailed information on real estate in 3 days did you?”
A large chunk of the seminar was about success stories of people who used the additional training. The instructor talked a lot about the deals he has done. During a small chunk of the seminar he talked about his personal life, family, his weight loss success, etc. He talked a lot about the Cash Flow 101 game; also for sale. And attendants played the game several times during the “training”.
Bottom-line, this seminar is a sales pitch disguised as an education seminar. Don't waste your money.
I have contacted Whitney Education today and left a message for Rachelle Stokes; I have also faxed them a request for refund. No one ever called me back.
The complaint has been investigated and resolved to the customer’s satisfaction.
Lee Escobar is now 'working' for Than Merril's Fortune Builders.
Caveat Emptor!
All of you people are COMPLETE IDIOTS for buying into these "get rich quick" lines anyway. YOU ALL DESERVE TO BE TAKEN YOU IDIOTS! HAHAHHAH
http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html
http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html
Check the video!
Page not found, no longer exists.
SUCKER DAVE I AM. Lost $32K. THE PUPPET MASTER Lee Escobar uses the fact ( I think) he's a chaplin in army to gain your trust., Kept using god-like phrases. You are here for a reason, You have the Devine Right to borrow money.
May 2011: BBB "F" RATING http://www.workathometruth.com/blog/2011/05/23/rich-dad-seminar-warning/
I hope you all read this, cause they have to be stopped. Kiyosaki MUST be held accountable as he receives money and puts his name on it. I will continue to post as I gather my thoughts, lost dreams and self-esteem. Is there a group lawyer? I want to be added.
- Forced us to say OhYa after everything he said.
- Black list people if you don't sign up immediately. You CAN'T EVER ATTEND anything from them.
- Help U set up CC, so it will pay for ADV Training.
- FREE? I had to pay for $199 for the Free Seminar, so I could listen to the Upsell. Or else. THEY LIE!
- only 1 bathroom break a day to keep you in your seat listening.
- CANCELLATIONS: 3 DAYS OR ELSE YOU PAY! Interesting that they have a cancel form ready, cause they KNOW a % with cancel and thats ok, cause the masses end up paying anyway.
- Teacher put "L" in front of his forehead, SAVINGS & 401K plans are for LOSERS. Repeat After Me!
- Lee Escobar WON'T ANSWERS your questions, saying you are disruptive and STARES AT YOU UNTIL YOU SHUT UP OR LEAVE.
- Lee Escobar says hes a Chaplain and uses his preacher voice and claims he was sent here to help YOU!
- Actual Training over 3 days: 2 hours (NO QUESTIONS ALLOWED AT ALL)
...take the Cash flow game and copy the DEAL Cards and that's what they taught.
- Actual UPSELLING over 3 days: 22 hours
- Surveys ARE FIXED to make THEM LOOK GOOD!
Lee has a Mobile home park development in a binder. This binder was horrible, lacked content, was missing the plot location of the actual park, and ONLY showed you pictures of what a Mobile Home Looks like. JUST LIKE THE PEOPLE IN CANADA that went thru the 32 Million dollar SNOW-JOB. IF THIS GUY REALLY IS A MILLIONARE, these PROPOSALS would be Dynomite. A fifth grader did this as a class-room project. THERE WAS NO PLOT where it was going. HE MADE IT UP!
John T Reeds detailed list of why Robert Kiyosaki is a phony Huge list here, about 30 pgs. Even shows where the marines gave him a great Review even after he bashed the Marines
http://www.johntreed.com/Kiyosaki.html
- If Robert Kiyosaki & Kim Kiyosaki were sitting there, it would be a TOTTALLY DIFFERENT Seminar. OR WOULD IT? PLS MAKE THEM ACCOUNTABLE, their names are on the game cash flow and supports this group by receiving Millions of dollars.
When I go to Tony Robbins, I know I'm going for a motovational speach, here we are all Blind sided. We thought it was a Basic Training to Real Estate. LIARS!
- Warns against using Realtors for anything, DUH, caused most of its illegal.
- did you know every teacher has experience is Motovational speaching to church masses.
I may not be like LEE ESCOBAR (BENT-LEE), but atleast I have MY Morals.
I hope Kiosaki is forced to pay millions to all the poor people who got scammed on this garbage. I too went to this 3 day seminar only to be pitched the majority of the time for the 60k mentor program. All the while, the speaker was suggesting to max out our credit cards and even had the nerve to suggest our homework for the first evening was to call our credit cards and ask for increases to pay for the classes. I have sent a letter to my congressman and even notified our local police department. For those fortunate enough to read this prior to attending this scam, consider yourself lucky. For those who have already been ripped off I suggest you keep a copy of your receipt, credit card statements and a short journal of your experience as a class action lawsuit is already forming. Stay tuned.
My business partner and I went to the free seminar today and we were so disappointed in the sales pitch for the 3-day training. Granted, they had a "special" of $199 for two people...a huge discount from their regular price of $995 (and apparently something that is worth about $4000). I sat in disgust listening to the crap and all the kumbaya success stories. Gotta tell you though, the guy was so good that by the end of the free seminar I really was itching to sign up for the 3-day one. But my partner and I decided to sleep on it and discuss it tomorrow...well, after I read the comments here, there ain't gonna be much to discuss except for "Hell NO! we ain't going!" I am in no mood for dumb ### sales pitches and little if any valuable info. I probably will buy some more books though and just focus on those and other research I can do on my own. Like Red1969 said, THANK GOODNESS FOR THE INTERNET! AMEN TO THAT!
I am glad I ran across this before I signed my husband up for the $995/3 day seminar. Thank goodness for the internet...I hate scams and scammers...
BrooklynGator is an idiot or a troll. People are looking for training, not attending a 3 day sales pitch. Suck my big fat one your loser.
If Kiyosaki's wisdom and teaching were effective, why do his testimonials of success have the disclaimer of "unique experience" on them? Seems there are far more people who felt scammed than felt they got their money's worth.
I think Mr Kiyosaki learned all to well from the Amway scammers. You make more money selling training than you do selling a product.
False Advertising, Aggressive Marketing, Predatory Practices
I am writing this letter to make known a dishonorable and deceptive business is operating out of California and targeting credit worthy innocent citizens wanting to better themselves. In order to detail the events of how I was taken advantage of and am now facing serious financial harm, I will detail the story of what has taken place over the past few months.
The company that I am filing a complaint against is Rich Dad Education LLC who I now know still wholly operates also as the Wealth Intelligence Academy. The total amount that I am disputing is $26, 125.52, which was to include four training classes and a mentor. This was upsold to me in a bait and switch scheme which included a free workshop, upsold to a three day weekend training course which taught people how to “raise their credit scores by increasing their credit card limits” (see the script attached) which was really to get people to be able to afford their outrageously over priced training courses which provided no guarantee of the satisfaction of their training.
There are a popular financial books like Rich Dad Poor Dad in which Robert Kiyosaki is the spokesperson for that I have been reading for years. I have been a follower of the teachings for a while and so I decided to want to know more. I went online to www.richdad.com and found that there were free seminars being given to teach people about investing. I signed my fiancé up for one and came as his guest. This was in August 2008. While at this free seminar we learned a little about real estate investing and was then up-sold to a three day weekend course which was$495 and advertised to teach you all about real estate investing. I signed up for the three day weekend course and was allowed to bring my fiancé as my guest. We were given a CD and workbook from Robert Kiyosaki’s Choose to Be Rich program as well as a real estate investing book that detailed strategies on Wholesaling, Lease Options, Foreclosures, and Negotiating, etc. They all had the Rich Dad Education branding on them (the purple and black wording) so I never thought there was any other company involved.
My fiancé and I attended the three day seminar on September 12-14th 2008 at the LAX Airport Hyatt. The first day of the training we were instructed by Scott Zuckman. We were taught some real estate investing strategies such as rehabbing and foreclosure. We were given books that all had the Rich Dad Education branding on them. We then went over a script that we were told to call our credit card companies with to increase our credit card limits so that we can increase our credit score. I have included a copy of that script.
The next day they gave us a booklet with courses in it showing that it teaches different strategies of real estate investing. None of them had prices. We were given a price sheet and then told to write in numbers that was written on the board. I have included that sheet as well. The prices ranged anywhere from $9, 000 to $60, 000. I was shocked at the cost, but I didn’t want to not continue the course that I paid for so we continued to go through the training. We were told to think about our financial future and if we wanted to change anything in our lives we were going to have to take action. Scott Zuckman kept repeating the number of $60, 000 and asked people to raise their hands who had access to that kind of cash this weekend. We were told if we signed up for this course we could become financially free within two years. We were told not to look on the internet because it has bad things on there (now I know why). That should have been a cue to leave and not go back, but I was really wanting to make a change in my life and I trusted the Rich Dad brand because Robert Kiyosaki is such a well known name.
The Wealth Intelligence Academy was told to us to be the people who do the training, but I assumed that was just what they called that section of the organization. I only realized much later after I got involved with the company that they have an awful reputation and a bad history of the exact thing I was conned into.
My fiancé and I almost did not attend the last day of training because we were so disgusted by how we were constantly being pressured to buy the program. We were told the only way to success was to at least learn 2-3 real estate investing strategies and have a mentor there to help you. That meant if we were going to sign up for any program at all it would at minimum have to be the four courses with the mentor which was $25, 997. I would have never signed up for the program prior because I did not have the means to pay for it, but now that I had increased my credit card limits and had the available credit I could purchase it. We were also taught about bad debt and good debt in this training. And good debt was an asset or anything that put money in your pocket as well as education. Everyone there that represented the company said that education was good debt and what you were going to learn you could pay off the credit cards in no time. I should not have believed anyone and stuck to what I always knew about how dangerous credit cards are. Another thing that didn’t occur to me at the time was, if they were such a good training program, why do they have to have all their money up front? Why don’t they have their own financing? Why don’t they have a money back guarantee? I was so new to anything like this at the time, that I never thought to question those things. Especially since I trusted the Robert Kiyosaki Rich Dad brand.
My fiancé and I attended two trainings in October 2008. They were the Rich U (which was a mandatory class) and Wholesaling. We were sorely disappointed in the training and after the Wholesaling course we started to realize that I was ripped off and taken advantage of.
Upon taking the first advanced training course (of the charge I am disputing), called Rich U, the training material provided was the Rich Dad brand. The instructor, Jennifer Oliver, however, did not go over all the material in the training manual provided and did not deliver the promised service of learning how to set up your real estate investing business and develop a plan. The class was very general and repetitive of other information already stated in the $495 three-day course given by the Rich Dad program.
Upon taking a second course (of the charge I am disputing), an advanced training class calling Wholesale Buying, taught by Travis Howard, the manuals were now all Wealth Intelligence Academy branded material. On the last day of the three-day training, I was told by a facilitator there, Shar, that if you came in through the Rich Dad system you were now a Wealth Intelligence Academy student. The training given was said to be complete instruction, however once again, the instructor did not go over all of the course material in the manuals given. Not only that, but the training manual given did not have very much more information than the initial three-day $495 real estate investing training guidebook. What was promised was very detailed instruction that was not included in the $495 three-day initial training, and what was delivered was nothing more than a long-winded version of the initial training. For the cost of the advanced training course, the value was no where near worth it. Also, when students asked questions about the course materials, the instructor avoided the answers and phrased the questions to be asked to a licensed professional such as a lawyer or accountant. The training received was not complete enough to start successfully wholesaling real estate properties as promised. It was incomplete in that it was promised that we would be able to “create immediate profit by learning how to put properties under contract and quickly sell them – with no money out of pocket”, but the contract examples given and explained in class were not sufficient to do such activity. The training also was told by all of the instructors to be teaching things that were moral, ethical, and legal.
However, when consulting three separate lawyers on the methods I was taught, one said it was illegal, while the other two said it was very risky and borderline ethical. They all three agreed that the contract examples given in the course were insufficient to conduct business and that they would require additional services to create substantial contracts.
This prompted me to question the legitimacy and the ethical standards of the Wealth Intelligence Academy a.k.a. Rich Dad Education. And when I further researched the company I found that they had been conducting unethical business practices and that the parent company, Whitney Leadership Group, Inc., had a lot of lawsuits brought against them for false advertising and aggressive marketing. Had I known that Rich Dad Education was actually in all completeness still the Wealth Intelligence Academy that was associated with the Whitney Leadership Group, Inc., I would not have purchased this program because of its bad reputation with the Better Business Bureau among other bad press about it’s aggressive pressure marketing techniques and unethical practices.
Not only that, but they were cited against for teaching a technique called “Bird Dogging” where a person collects a fee for referring distressed properties to an unlicensed investor. I questioned this technique to an attorney as well as I was taught it in their training and he stated that it was outright illegal since you must be a broker to engage in such activity. They are still teaching this technique in their training and it is documented in their written training material.
I read online a detailed incident publicized in another’s state local paper about a woman who attended a free seminar, which lead to another seminar for $500, and then told to call her credit cards to increase her credit lines and increase her credit and then told if she really wanting to be financially free she should purchase the over priced training and she did and was very unhappy, and the company was then found guilty of aggressive marketing and false advertising, except this was with the Whitney Education program who as I researched and found out is the affiliate company of the Wealth Intelligence Academy. When I read that story and found out the link between the Wealth Intelligence Academy and the Rich Dad Education as being the same company I was furious! How can a company who was found guilty of such practices still be allowed to do the same things under a difference name that people trust! The website /link removed/ has numerous complaints of people having the same issues that I am with the company. This needs to be addressed and the public has to become aware of this scheme to protect themselves and their good credit. My credit has now gone significantly down because of the balance I am carrying from this company who is in constant denial of my hardship situation.
I would also like to warn the Utah Attorney General’s Office against large charges made on the credit cards of people who may fall prey to the same aggressive marketing techniques, and misleading advertising to the Rich Dad brand. The way that they get people to purchase these programs is by offering a free seminar, which leads to a three-day weekend seminar for $495 where on the first day you are taught how to increase your credit card limits over the phone to supposedly increase your credit score. I have included a copy of the script they provide in the training material. All they are trying to do is have you have enough credit to purchase the largely overpriced education packages which range anywhere from $9, 000 to $60, 000. I believe most people are embarrassed, as I am myself, about what they were conned in to, to admit that the value of what they purchased was not at all what was promised.
I have been disputing the transactions with my credit card companies in an effort to seek resolution to the refund and they have provided the credit card companies with misleading information regarding correspondence between myself and Rich Dad Education as well as lying to the representatives. I have a letter from Chase Credit Cards stating that a representative from Rich Dad Education said I gave the reviews of their training as excellent, when I detailed in my reviews my dissatisfaction of their training. The Rich Dad Education representative stated that I also failed to provide information regarding a financial hardship I was having, when in fact I did provide follow up and sufficient evidence showing a 47% reduction in pay. When faxing information over to Discover card they submitted incomplete information regarding our correspondence which included only one of the four pay stubs I provided to show the difference of my financial hardship. The pay stub they submitted to Discover card was prior to my pay cut and the pay stubs that show the difference in my pay was never faxed to Discover card.
I would also to address how the company has lied and that the person your Chase representative spoke with at Wealth Intelligence Academy. The review that he stated that I said was excellent was not such as I specifically remember writing a detailed explanation of how I felt that the training was lacking. Also, I have information that was faxed by their corporate office to one of my credit card companies that forwarded it to me showing that I did in fact write in correspondence to my dismay of the company and their practices as well as not only respond to their asking for further information on my financial hardship, but I provided ample information showing my decrease in pay. Their response was that it was not enough to demonstrate a sufficient hardship. It is a 47% reduction in pay! I believe that to be more than sufficient of a financial hardship, but they have chosen to say that it is not. This company lied to Chase and is also predatory on their practices to people.
I would also like to address their three day cancellation policy. It is just another example of how this company operates their business as very borderline ethical. When I purchased this training program it was told I had to purchase it in the full amount on that day which was a Sunday. The three day cancellation policy expired on Wednesday and the first day to take any of their courses always begin at the earliest on a Friday. This doesn’t allow for anyone to ask for a refund after they have seen how bad their training is until well after the three day return policy period, but it allows them to tell the credit card companies that they had a return policy in place. The only way you would submit the cancellation notice in time would be if you had buyer’s remorse the next day since the cancellation notice must be received to their headquarters in writing by the third day.
Kiyosaki has always been just a sales guy, who is a motivator and not, as he likes to portray as, a teacher.
His mantra "to know more about money, you need to be financially educated" is the equivalent of me saying, "to be a doctor, you need to get a medical degree and study medicine"!
That does not mean I am teaching people how to be doctors!
He is snake oil salesman, that has deluded a lot of people, including myself initially, into thinking he is telling you HOW to get rich, rather than simply saying these are the things you need to do but not telling you how to do them.
If the people going to his seminars or reading his books need either, to tell them that they do not get rich working for others, or that companies can minimise their tax payments more than individuals or that investing in property is a good way to get income from tenants or that running your own company is a good way to get rich or even that $50000 for a few days course is good value, than the people who say he has taught them a lot, and spent a ridiculous sum on "advanced" courses must have been totally ###ed dumb idiots prior to going in!
The sad thing is that their pride does not allow them to admit they have been conned.
I accept that I fell into the trap of thinking this guy must have secret, but his skill is alluding to the fact that he will tell you it soon.
I read 4 of Kiyosakis books, thinking there must be more substance in the next one. There never was. Just the same obvious simple common knowledge that any 21 year old would know.
At least I can see that I wasted my money on the books and watching a number of free seminars on the Rich Dad iphone app, has just confirmed what I thought.
I almost admire Kiyosaki for having being able to brainwash people into thinking he was telling them something they did not already know.
ie. Have any of you noticed that he keeps saying the words "does that make sense to you guys?" evry minute, after the most basic sentence!
When people keep saying yes, it convinces them into thinking that they have just been taught something, when in fact, they have just understood a very basic and obvious statement that was what they knew anyhow.
He is a sales and marketing guru, but certainly not a financial one.
I have nothing against the guy, but I have woken up to the fact that he does not have any great "secrets" but just tells you what to do to get rich, but NOT how to do it.
At least I woke up and have not fallen for the bigger scam and spent thousands on a three day course. Think of the amount of hours private tuition you could get for $50000 from a real estate specialist, you could research in depth before hiring.
It is great illusion he has got away with for 15 years, but anyone vaguely interested in their own finances or basic day to day money, must surely know everything he talks about in his books just from having lived to adulthood!
Enough is enough and it is time his "teachings"were exposed for what they are, a confidence trick!
I spent a little over $16k with the WIA and paid for it with my 1st deal! People often ask me how I buy so many houses and I tell them that I invested in the right knowledge. It paid off for me, I just had to do it!
My experience with Kiyosaki's sales reps has really turned me off from the whole rich dad teaching... My wife and I went for the free workshop they had locally after reading "Rich Dad Poor Dad". We were excited to learn more about real estate, but ended up being sorely disappointed after realizing the whole "workshop" is designed more to get you signed up for their training seminars. Kiyosaki's sales dog's only cared enough about everyone's "financial education" to the point that if you didn't purchase their $199 training in Jan, you weren't worth being treated with any respect or class typical of a more professional crowd. The sales pitch I was given after attempting to leave without purchasing was about as volatile as a door-to-door salesmen - guilt tactics involving my wife, (trying to make me the bad guy because I didn't purchase the program), dividing the cost of the training by the total amount of day's until the seminar to give a cool .27 cent per day offer, the whole sha-bang. In my opinion, read Kiyosaki's books, but don't go to the workshops unless you like being swindled by a jerky sales reps who gets paid commission off how many people he gets signed up for their "3 day training session" & if you like being treated like a second class citizen in the event that you don't get manipulated/forced into purchasing. Sorry Robert, get a better sales team.
I will share my experience here, in hopes that it will help others make an informed decision.
I first heard of the Rich Dad mark/brand from a trusted friend who is now a financial advisor. We were both in college during this time, and my friend said no more than "I've read 'Rich Dad, Poor Dad' and it's a good book." Because I enjoy reading new things and finding new ideas, I read the book. It sounded great, but I also did not read the book as nonfiction, or I should say, when I was done, I didn't have the impression in my mind that it was a nonfiction book.
Some months later, I can't recall how exactly, I saw an ad (I think on the internet, probably just as Facebook ads were starting to gain traction) for a FREE! Rich Dad seminar NEAR YOU! I clicked through and read all the fine print, and yes, it really was free. I committed to attend, and it took place in a rental hall of a local Holiday Inn.
Arriving, my immediate perceptions, or "spider sense" if you will, were that something was off. Most of the people filing in (about 40 I'd say) were dressed casually or less-than-casual (think People of Walmart). I actually wore long pants and a button-down shirt in an attempt to not look like I crawled out of a box. There were about 3 "official" men there, all in 3-piece suits that were WAY over the top. Armani et. al. with pocketwatches, waistcoats, you name it. Diamonds and gold lame everywhere. As I wrote my name on the attendance roster, this (pardon me) Italian mobster-looking guy gazed down at my signature and goes "Lovely, strong handwriting" or something like that. I'm sure he was trying to endear himself but it just creeped me out. Moving on:
Inside the actual room where the presentation was to take place were two folding tables butted up together covered in RDPD materials. Two columns of chairs were arranged, and I sat towards the back. The presenter began (a younger guy himself), and ran us through a bunch of slides to show us how "normal" he "used to be" before he "became free." Then he started showing us all the properties he supposedly had flipped, with pics of and (again, supposed) family members in ratty t-shirts "putting in the work." Finally he showed some pictures of rehabbed homes with "SOLD" signs in the yards, and then him next to a sports car.
After this initial ra-ra speech, he said something like "I know you're all going to be sitting here wondering 'What is he selling?' throughout the presentation. Since I don't want you concentrating on that, and actually want you to benefit from the presentation, I'll just tell you know. We're offering our 3-day training for $795 (or however much - many on here have put 495 and 595)."
Wow! What an honest guy/team. No high-pressure. Just gonna lay it out there right now! And $795?! Who has that kind of money? Glad he told us upfront.
Just wait for it. The presenter proceeded to go over a few easily googleable/wikipedia-able real estate investing terms and went through a quick "memory" game to make people really feel like they were learning. Then, the shocker! "If you had fun learning that, you'll learn about 20 times as much in our 3-day course. It's normally $795, but tonight only we're going to give it away for $495." Typical used-car salesman trick, and I wasn't buying. He then admonished us, "If at ANY point during this presentation you know this training is something you need, feel free to walk back to our representative/Italian mobster in the back."
A few more terms and anecdotes, then a revisitation "You'll also get ALL our basic materials [a bunch of rich dad books, a workbook, and a DVD] for FREE. In stores this would cost over $250." More hard selling and false value added then "real" value removed if you didn't buy.
A few more stories, then "If you buy and pay TONIGHT, you will get to bring ANY guest! Sell the extra spot on eBay to recoup your own cost. Split it with a friend. How can you go wrong folks?"
And now to come to the grand finale. By the time this guy was done, I was THE. ONLY. PERSON. who has not walked back to that table and plopped down a cool $500. Furthermore, the presenter had apparently done some time in Brazil and had learned to speak some Portuguese. I thought I might go ask him about his experiences but no, I got nothing but a stonewall since I hadn't bought into his mind-control. The respect I had been treated with when I arrived was long gone. I left with my "free gift" (a DVD) and sold it on eBay for an extra $10. So hey, for me it did create some wealth!
My account above was factual; now for my own opinions/interpretations: Any enterprise that promises returns greater than the stock market can achieve in less time (by an order of magnitude) is a scam. There Is No Such Thing As A Free Lunch. Anyone who only treats people with respect and dignity while they're selling to them isn't worth doing business with. Any company that doesn't offer a guarantee needs a closer look. Personally I will no longer have anything to do with this mark of this brand. I've been listening to Dave Ramsey and reading other independent columns and books, and I'm doing considerably better than if I'd taken the advice to borrow money at 25% to invest in a market that changes overnight. The end.
Per above, I did end up getting my money back. I guess they got my cancellation in time via mail (as email and fax would not go through even after scouring the internet for this contact info) and they refunded me rather quickly. Granted, I'm sure they screw with many other people. So, buyer beware. I don't know if it's a lawsuit to be sketchy; they are following the policies that are clearly written in their materials. However, those policies are difficult for any reasonable person to abide by, so maybe Utah law (or federal) must change to say such a stringent cancellation policy can't exist.
all of you that were scammed, start a class action lawsuit.. see how quickly you'll bring the giant down.
No one can do it on their own, but with the voices of thousands that have been duped, you will make them buckle and break.
Or apostrophes... and clearly I need a little rest! :)
Please note all the weird signs in my above comment are either commas or quotation marks. Not sure what happened there...
I went to a free session just last Friday, June 5, 2011. They advertised on the radio and during the session talking about how, in the next 1.5 hours, you would learn lots and lots about how to manage and make more money, alluding to such things as starting a business and investing. However, 2.5 hours later, I felt overly pressured to buy the advanced class they were selling at a discounted rate of $199 (regular $995), which included 3 full days of education. I actually did purchase it, after clarifying that I did not learn much of anything this session and asking if I would feel the same after the advanced class. Of course, they said no. Then, I clarified: the speaker seemed to advertise many ways of enhancing wealth, but then everything seemed to hone in specifically on real estate. Was the class going to be only about real estate? Yes, but they claimed the skills were transferable to starting any business. Pretty broad claim, but considering for $199 I would get about 28 hours of learning (including lunch breaks, for which, despite all the company wealth, you must bring your own food... and pay for parking), I thought it was a good deal--especially since I could bring a friend and also get us both lifetime access to some online resource center.
Then I got home and buyer's remorse set in. I sat down and scoured the internet for reviews, coming across both good and bad. Here's my general take: If you know very little about real estate investing and are not likely to go to your neighborhood library to get a book to read on it on your own free time and if you do not have the time to try out a class on real estate at your local community college, the class is likely something that will give you a boost in knowledge you can use. Granted, many people across the nation are in debt and don't know a thing about how to improve their credit scores or do their taxes efficiently. You may improve these skills through this class, according to what I have read. But, if you're like me and are a bit skeptical of any product at the end of a hard-sell session without and satisfaction guarantees, you may want to read reviews across the board. Further, I am the type of person who is likely to read a book on a given subject to improve my knowledge, or better yet, take a full-length class on real estate (perhaps even based on Rich Dad ideologies) for about the same cost at a community college. So, I sent in my cancellation notice, which may open up another box of worms...
Upon signing up, they have you sign your life away, giving you three business days to cancel. But, you get the exact terms only after having signed up, which is sketchy, but still, in my litigious nature, I assumed I was still in good hands. I got home and read the terms, however, and wondered whether or not I would get my money back. Specifically, the terms state that you must mail or deliver the cancellation notice to the company (in Utah) but midnight three business days later. It does not say "postmarked by" three days later. It says "received" by then. Now, unless you're ready to shell out extra cash for expedited shipping, this is difficult to achieve depending upon where you live. Either way, I took my chances and sent my cancellation certified on Monday, hoping it will be received by Wednesday at midnight. I backed up my cancellation by emailing the company as well, although of course that does not qualify under the "mailed or delivered" provision. I also tried to attach a copy of my cancellation notice, but that bounced back as undeliverable. Further, I tried to fax a copy to the number I found on the Utah Better Business Bureau website [protected]), but that never went through; the number was incessantly busy. All in all, the cancellation process in and of itself made me quite skeptical of the company. Granted, you may learn a bit from the class and find the methods to promise a good return on investment, which makes your $199 good money spent if you have it. But, question the honesty of the company itself before you believe just using your local library in combination with a good dose of ambition can't do just the same.
this company is outrageous! i dont understand why they can still operate & none of our agencies have a way to stop them! This is insane!
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Rich Dad Coaching / Rich Dad Experts emailscustomerrelations@richdadcoaching.com100%Confidence score: 100%Support
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Rich Dad Coaching / Rich Dad Experts address150 W. Civic Center Drive, Suite 100, Sandy, Utah, 84070, United States
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Rip Off Rip Off Rip Off- Wife snuck $7000.00 out of our 401K and bought this Garbage unbeknownst to the family as one of her So Called Friends talked her into this.. She died within 6 months of this absurd purchase and left her 17 year old daughter, her 20 year old daughter and this family $7000.00 was taken away from us to pay our bills and her funeral costs.
I still have the CD's and books if anyone wants them at a Cut rate.. You'll only Lose half of what we lost and I would only gain half of what we lost...
Too good to be True? That says it all. as he becomes a Rich Dad, I became a poor dad ...
I too attended the free seminar to purchase the 3 day at 299.00. That was a 3 day long sales pitch to get us to buy their "education". I did not sign up and am very glad because I have found the same information at much lower rates and even their website has a replacement called Connected Investors that offers the very same thing Rich Dad does and I got into the CI network for $7.00. I now have access to all of the same classes and a mentor if I want them. Rich Dad is making himself rich by ripping off the very people that can't afford it to begin with. If he was so confident in his education he would offer some sort of credit for the classes that could be paid with the knowledge you get from the training and being able to do the deals they praise so highly
I don't understand how adults can be told what to do with their money against their will. I have paid for the 3-day seminar and found it to be very informative. It was not ALL inclucive with the infomation provided but I did not expect it to be. It is funny to how adults will part with their money and cry about it to the whole world. But the same adults will spend money to go to college for 4 years at a cost of tens of thousands of dollars and not think twice with no guarentee of finding a job in their field of study or ever working in that field. Yet thats okay! Not to mention that many of the instructors in college and universities are professional students who have never been in the real world, in many cases, teaching 17 to 23 year olds theories that, in many cases, are out-dated. Yet thats okay! Now I have use the same $350 course to purchase a house that appraised at $187K for $135K after using the techniques I learned in the same classes you adults are complaining about. I have to admit that it took time to work out the details of all of the techniques but it is worth it when you understand what you are getting into. But I think that so many people are looking for something for nothing and then complain when they find out the really have to work. So forget about creating a lifestyle and just get a job and live paycheck to paycheck so you can feel good about impacting no one outside of your family. AND THATS OKAY TOO!
I attended the FREE two hour seminar which, as I expected, was a pitch to get you to pay $199 for a three day seminar. Fine.
The three day seminar did offer tidbits of valuable information, but was mostly another sales pitch for enrolling in their advanced seminars at a cost of $11-66K. Ouch! They pressure you, using your children and their future as bait.
During this seminar, RDPD goes out of its way to discredit college and its ability to prepare you to get rich. Very true. At least when you tour a college they don't make you pay for it. The $199 should have been free. They operate much like a strip club. You pay to get in, you give the stripper a few bucks and she attempts to sell you a $20 lap dance. It destroys their credibility.
I'm sure the advanced seminars have much to offer, but the price? They claim you'll get return on the investment 100 times over. They claim they'll teach you how to enroll in the class without actually paying a dime. They claim to be millionaire philanthropists, explaining why a rich person would spend their time instructing others. If they were true philanthropists, the price of their classes would be much more affordable.
I paid to enroll for a 3 day training. I have had troubles with them since. The material sent to me was incomplete. The customer service sucks. My emails are unanswered. I can't believe I was tricked.
SOOORRY for You're RIP OOFF! Thanx Soooo Much I was About to enroll In this Thing! But My instinct voice Was Telling Me "NO!"
Some How..
When I ask the coach, What if Its a Scam? He Told me he cannot Anwser that!?! I Have To trust Some one One day or another... he Also said That,
If I think That Rich Dad, Poor Dad Is a Scam Why I'm I interested anyway!
I'm Happy I never send ANY MONEY To them...
Blessss.