I've spent the last three days at the Rich Dad Education Basic Training seminars in Phoenix, AZ.    I have an investor client who signed up to go to the training and asked me to attend as her guest.  I have to admit, I was a little reluctant to attend.  I'm a motivated real estate agent, but not necessarily a motivated real estate investor. 

The first day of the seminar, I was impressed...    Wow!!! they have got some great stuff here, and I'm really learning some valuable information. 

The second day of the seminar, I was a little deflated....  What do you mean.... Advanced Training!!!  What's that??   It cost how much??!!! 

The last day of the seminar, I got over my shock and awe of Advanced Training prices ($9K - $43K), and accepted that this may just be basic training, but I really did learn a lot and I'm happy to say it was completely worth my time. 

No I didn't sign up for the Advanced Training, as I mentioned above, I'm not a motivated real estate investor. My client who is very much a motivated real estate investor did sign up and I really think that she will gain a lot from the additional training and run with it.  I foresee her in 5 years laying on a beach somewhere, with not a care in the world.  (if that's what she wants)

Before attending the Rich Dad seminars, I did a little research about it on-line.  I found a lot negative comments and began to worry about what I was getting myself into.  I'm sure those negative comments stem from people who attended the 3-day training expecting to learn all there is to know about real estate investing.  I'm also sure they were a little shocked when they found out about the additional training costs felt a probably felt a little jaded.  I have to admit, I was very much taken back by the costs involved.  I didn't know the training I attended was a pre-cursor to more expensive training. 

In the middle of the third day, I began to realize that there is no way to learn everything in 3 days!!  I truly learned a lot and I learned that there is so much more that I don't know.  I appreciate how our trainer spoke about doing everything within the letter of the law and that he was very interested in helping the people he worked with.  I felt that he cared about the people, not just the money to be made.  He stressed honesty and integrity in all deals.

As I was leaving on my third day, I knew that the program was good and that if a person was motivated enough to follow it, they would realize large profits quickly. 

So if any of you are debating on going, my advice is definitely attend the 3-day basic training.  If you like what you hear and feel motivated, go ahead and take that leap into Advanced Training.  They will give you the knowledge, you just need to bring the gumption!!!

 

 

 
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71 Comments on My experience at Rich Dad Education

SEP
13
2007
1 Featured Post Hit Router
Sounds like a fun and rewarding day.  How much was the basic training class, the advanced classes  seem so pricey!
11:03pm • #1
I can't stand the upsell of these seminars....makes me sick.  What could you possible learn for 43k???
11:04pm • #2
1 Featured Post
I knew that there would be some "catch" when they advertised on the radio as a FREE Rich Dad Educational seminar.  I just didn't know that it would be that much.
11:18pm • #3
2 Featured Posts

Dawn - the basic training class was $495 for two people.

Vincent - that was the top package which included somewhere around 16 seminars (all 2-3 days each), software, and a personal mentor.

Thanks for your comments!

11:22pm • #4
SEP
17
2007
Did you find out if your client is satisfied with the advance training?
Yan
8:11pm • #5
2 Featured Posts
Yan - She has yet to take the advanced training courses.  Only time will tell.  Thanks for your interest!
9:17pm • #6
OCT
01
2007
I also attended the 3 day seminar for $250. A deal for a very good over view of real estate investing. I am a real estate investor so I new some of the things that were taught, I also learned some things. I also just completed my 1st advanced training class. Vincent asked earlier what could you possibly learn for 43K. How about almost everything you need to know about money, corporate structures, ways to make money and keep it. People spend a lot more money on higher education that teaches them how to do a job, how about an education that teaches you how to free yourself from economic slavery. I signed up for  advanced training classes at a cost of roughly $7500 for me. The classes are taught by people who have actual experience in the things that are being taught. I have also attended other real estate investment seminars. Rich Dad is the most comprehensive training I have ever had. I have read several books by Robert Kiyosaki (Rich Dad), if the amount of money bothers you, you might think about reading some of his books. I think you will find the concepts both enlightening and entertaining.
Tim
6:02pm • #7
OCT
29
2007

I went to the 3-day in tampa.

Over the course of 3 days, there is at least a total of 2 hours devoted to pitching the 9K-44K Advanced Training Courses offered by Rich Dad Education

 

The really underhanded thing is that the instructor does a tutorial on DAY 1 on how to up your credit limit by giving a phone script and make that an "exercise" to do over the lunch break

 Then, the pressure is put on everyone after break by having a show of hands on who did it, along with a few testimonials

 

Here is what is underhanded about it, is that they are trying to have everyone do it so that they will drop the 9K-44K on their card on DAY 3 for the "advanced training"

Anonymous 1
4:37pm • #8
NOV
18
2007
I went to the three day seminar as well and brought my wife along with me. I went through a lot of different emotions as I listened to the instructor hint at the advanced training.  I thought that it was a bit unusual to ask people to sign up for aditional training that would cost a lot of additional money after they paid to go to this seminar to gain real estate training. To be honest i was a bit sceptical and a little put off.  By the end of the second day it dawned on me that there is now way you can teach someone all of the ins and outs of real estate investing in three days over the weekend. I mean, if you are really serious about becoming wealthy in real estate, and there are people who have succeeded and can hold your hand and show you how, why on earth would you not do that no matter what the price?  I mean, if you had an opportunity to sit with Warren Buffet and shadow him for a few days, and watch him manage protfolios and hedge funds,  I dare say that it would be worth a lot of money to you.  As I see it, especially if you have the means to buy the mentor program where someone actually comes to you and walks you through your first few deals, you stand to at least make your money back for the cost of the rich dad education itself. Doesn't that seem worth it?  it does to me.  I signed up.  
Marc
1:25am • #9
DEC
03
2007
Nora, Has your friend attended any of the advanced training classes yet. What did she think? Thanks.
Brian
7:23am • #10
Yes she has, I believe most by teleconference.  She has not had anything negative to say.  She knew going in that it would take a lot of work.
1:31pm • #11
JAN
06
2008

I found out the Academy program is really run by Russ Whitney.  Whitney is famous for his multi-level "courses" which up the ante as you go.  This is troubling.

The mentoring program has not received good reviews either by some posters on other sites.

Is anyone having success using Rich Dad techniques?
12:39am • #12

Hi everyone, my name is P3K and I am a 'Wealth Builder' ;) That was our slogan during the 3 days classes.. Yes my wife, mom and I attended the 3 days courses this week end January 5, 2008@ Atlanta; we own few properties, but struggling to many some profits. Everything that Nora and other said is through... The 3 days events would not only teach you about Real Estate but also about how important is your credit score, what are you fears of investing, how to go for your dreams and how to attract hat you want in live -The Secret-. Even if you are not interested to be a Real Estate Investor, for $495, you will definitely get more than your money. The regular price of the course supposed to be >$3000. The instructor and the staff know thier stuffs and defnitely how to  sale you your dream.  The first day would blow your mind because they are so much information to learn .. The second day pump you then hit you with the pitch sale. If you hink that $495 was a lot of $$$ wait to see the cost for the advanced classes they offer other the countries -On Demand or Live Webcam or On site-. If you want to learn everything about REI and get your Phd, you will need to take all 15 classes which can be done in 2 yrs. From Wholesale, to Option Lease, Foreclosure, Commercial, Land Development, Assets Protection, Tax, RV homes... all courses include the Rich Dad Software which gives you from all Real Time foreclosure properties in the country to manage all your investment properties to all contract template ... ok Here we go, Have a seat first is going to hurt:    

For just the software, you can get it for +$1500 If you only want 1 course +$9000, 3 courses +$15K, 4 courses + Mentor $25K, ... for the phd program +80K..all those prices are on site only (3rd day of classe), after add 50% ..so the phd program goes up to $110K 

WOW!! that what I said on the second day ..and my houselhold didn't even think about try to buy anything cause that was just out of our range... $495 wa s ok but +10K for classes, are you kiddind me.. but on the last day, last hour we did the inthinkible ..we signed up for the 3 courses @ 15k ... why? We have to try something different ..out of our comfort zone ..if we want to build wealth what a better way to learn how to from the best Robert K and his team. If we can get a lot of info for $500, imagine what u can get for 10K..I don't know how good our bad this is going to be but we can go back now without giving a try ..

I will definitely recommend to attend the introductionary class @ $495 and if you can offer the Advanced Courses, try to share the cost with friends or family to split the cost... " Knowledge is Power", if you want change, you have to be bold sometimes ..

Wish you guys good luck and if some of you already took some Advanced Classes, tell us what to except!!So Pray for us and let's hope that in 6/12 months i'll be back here with some good news and give to some of you more motivations for a life change.

P3K

P3K
9:37pm • #13
JAN
07
2008

I coach a gal in Seattle with Real Estate investing and she is still a slow mover.  No matter what somebody invests in a program it is totally what they put into it in the end that will make the difference.

I also work with a gal on Short Sales that only did Dwan Twyford's boot camp on CD's and she is tearing it up making money and learning a lot.  You can't teach a old dog new tricks, you just need a new dog......LOL

 CHOW,

 Freddy Fingers

Freddy Fingers
4:37am • #14
JAN
27
2008

listen..every seminar has upsells..its technique..this course is not normally 3k..who evr told you that..was it worth 495..yes..

Ill take tony robbins 4 day upw seminar $595..anyday over this..these lectures were just boring..Im currently working on 3 properties and Ive been out of class for 4 hrs..boring , yet, just to it

1 forcl and 2 short sales..I look to get 2 of the 3..its worth it...would I pay 33k ..no, why, I have enough mentors in south beach

purple 1
11:32pm • #15
JAN
28
2008
113,340 Points 6 Featured Posts Outside Blog
Education costs money...period. I have been to the introductory classes and opted out of the three day courses knowing they would try to up-sell coaching, etc.
12:00am • #16
FEB
10
2008

Wow- A Sucker really is born every minute! Notice you haven't heard back from anyone on here posting about how they've followed the complete program and made their fortune...you only hear of people who are "excited" and "hopeful" about going to the advanced training. They're only trying to talk themselves into believing that they made a good decision and didn't just  blow thousands.

Do yourselves a favor and go to your public library for free and check out some real estate books. Once you've read everything you can find there, go to a bookstore and read a few current real estate books. Once you've done that, contact a few investors in your local community who you KNOW are successful and ask them how they got into it and what they recommend. People who are truly successful usually don't mind sharing with others how they got that way for FREE!

If after doing all this you still feel the need to spend thousands on bogus, ripoff seminars, help yourself! 

Susan Winters
8:58am • #17
FEB
16
2008

Susan:

How much money did you make in Real estate? How much do you make in your day job? 

Andy
9:59pm • #18
FEB
26
2008

Hey guys. I recently attended the 3 day basic training course here in Canada. It was definitely worth the money. Some of the things they tell you, you wouldn't really be able to find out without learning the hard way. Even if you  read some of the stuff in books, it really helps to have someone tell you about the application. I'm young but have more experience with properties than i should.. and have been looking long and hard for some decent education in real estate investing.

 

In the seminar i attended, he pitched the phrase "are you starting to feel religious?" reffering to his teachings and simply believing in what he says and not feeling that its all too far fetched. I suppose the advanced training is in a way taking a leap of faith. But its such an expensive leap. I do believe that in life you do get what you paid for. But paying for something that is not exactly reputable is hard in the real world. 

 I did sign up for the advanced training but am having so many doubts after reading all these reviews. And the fact that all their courses take only 3 days, does not help. I do feel that the appropriate course of action would be to do a LOT of research first, and then perhaps attend the course. In my opinion, it is no appropriate to market education like an infomercial type thing. "if you sign up now you get big discount!" fair enough they need to make money, but when you pay for the basic training, the entire thing should be education. They should pitch their course on their own time. I'm probably going to put a stop payment towards their course. And if i want to take it later, i will sign up. 

 Chances are, more than not, if you call and ask to sign up, and they tell you only full price is available, then you just tell them no. They usually negotiate something. 

 If i could at least find ONE person online to say they took the course and found it benefiting then i would further consider it. Otherwise, i must proceed with caution.  Hope more people post, or even recommend other seminars that are enlightening.

SiD
7:23pm • #19
MAR
26
2008

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

D Hu
4:45pm • #20
MAR
31
2008

Hi Have anyone been to the Rich dad stock seminar?  Please respond asap.  I will be going on April1 for the first time.  Just needed some feedback.

 

Thanks Aud 

Aud
10:59pm • #21
2 Featured Posts

There has been some in-depth investigation into the background of Kiyosaki.  It is quite interesting material to find out how he REALLY makes his money.  I won't go into it because those who wish to believe will believe, those who don't won't. 

PS.  Don't forget that Trump started building his empire with about half a billion dollars in family money.  Makes it a little easier I would think. 

11:21pm • #22
APR
20
2008

I just attended the 3-day "Rich Dad Education" in Minneapolis and thought it was worth every penny.  The instructor presented various investing options and showed, by examples, how these deals work in the real world.

If you crunch the numbers, it really doesn't cost that much..........

Total cost was $495....lets call it $500 for simplicity.  You're allowed to bring a guest though, so right of the bat that cuts the cost to $250/person.  The seminar ran from about 9am to 7pm on Thursday (with 1hr for lunch), 9am to 7pm on Friday (with 1 hour for lunch), and 9am to 4pm on Saturday (everyone brought a lunch, or ordered from the Hotel menu, so we could finish a little earlier on the last day).  That works out to 25 hrs of instruction.  Take $250/person and divide by 25hrs.....you get a cost of $10/hr/person.  Not that bad in my opinion.

What gets me is the people who sign up, attend, and then are dissapointed that they didn't learn everything there is to know about real estate investing in 3 days. 

If you think about it, prospective surgeons don't start slicing open real patients after a few biology and physiology classes......they simply do not have enough knowledge at that point to safely practice medicine.  The same is true in real estate investing.  The 3-day training presents a broad overview of how real estate investing works, how to finance your deals, and how to protect your wealth through Corporations, LLCs, and tax law. 

What it does not do is give you a punchlist when you leave so that you can immediately begin closing deals on Monday morning.  If you did that, you would likely make some major mistakes (because you don't know what you don't know) and probably lose alot of money.  It doen't matter if you stumble into a super deal and buy a great piece of real estate for a reduced price.....if you don't know what to do with it once you buy it, you're no better off than you were in the first place. 

What I took from the 3-day seminar was this:

If you have the determination, you may become successful investing in real estate.  However, without the proper education, you are very likely to make some major mistakes along the way.  Only with KNOWLEDGE can you make these deals work every time, no matter what the current market situation.  The seminar outlined a very broad range of investment options and showed, through examples, how these deals actually work.  What the seminar does not do is give you a punchlist so you can immediately begin closing deals the second you walk out of the door.

They did market the "Advanced Training" at the 3-day seminar, but so what!!  We are marketed to every day of our lives in one way or another.  What people forget to realize is that the "Rich Dad" company is a business.  And what do businesses do?  The market their products and try to earn a profit.  Personally, I didn't think it was that big of a deal.

If you can't become wealthy in the United States of America by investing in real estate, then how are you going to do it anywhere else? 

And yes I did sign up for the "Advanced Training".  I chose the 4-class option without the personal mentor. This cost about $15,000 and includes the software package that allows you to resarch any potential investment property in the country.  I just cannot see how a person could attend these classes and not be able to make 1 or 2 deals and at the very least, make back the money they spent on tuition.  And if you can make 1 or 2 deals, why not 10 deals, then 20 deals, then 100.  The possibilities are limitless.

It was a big step and I was very nervous to put that much onto a credit card.  However, I told myself not to think about "What if it doesn't work".  Rather, I have been concentrating on "What if it does". 

What if this does work.

In that case, $15,000 will have been money well spent on an education that will allow me to be financially free.

 

 

 

 

Nate
10:19am • #23
The negative comments were from people looking for something for nothing. 
1:56pm • #24
APR
21
2008

Go, Learn and get out and DO SOMETHING....DON'T GET BOGGED DOWN IN EDUCATION.  you LEARN FROM TRIAL AND FAILURE.  You have to not be afraid to fail otherwise you will never try.  I am starring at a bookcase of 15 yrs of motivational books and they never made me a better person by reading them.  YOU HAVE TO APPLY THE PRINCIPLES.  Same with real-estate.  Take the forms they give you, find the deals, do the calculations, get money and have fun trying to make money.  It doesn't work all the time, but most of the time it does and it feels great.  Try  Armando Montelongo's book Flip And Grow Rich, and his Master Home Study Course.  He's the guy from the Flip This House on A & E.  He actually started from nothing and documented his process.  He'll provide all you need to know but you must still take ACTION.  We are on our 6th property and have supplimented one of our incomes.  wE WILL ACTUALLY HAVE SOMETHING TO LEAVES OUR KIDS OTHER THATN DEBT.   Its a process that has taken 4 years and the education always helps.  We are taking the 3 day Rich Dad Seminar and are looking forward to the nuggets we will bring home.  I rather put 15k on another flip or rental that will put money in my pocket now. Either way its going to take time and you need to start buying yesterday while the market is hot.  We wich everyone the best of luck!!  We are the very few, the others are in their cubicles decorating....

 

R

Rene
8:48pm • #25
APR
26
2008

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!

7:25am • #26
APR
29
2008

you can learn everything in the world however it won't matter if you don't use it.

 Remeber knowledge is not power without action

 

kyle
6:53pm • #27
MAY
02
2008
I am attending the 3 day seminar in Austin, TX tomorrow with my wife and am looking forward to it.  I am sure there will be some up-selling, which generally doesn't bother me.  I am sure there will be some great take aways well worth the $500. 
Stephen
12:18am • #28
132,628 Points Outside Blog
I am sure there is some value to the courses.  I do not like the idea of being sold the next course during the current course.  What school of higher education does that?  Just the infomercials.  The refund policy sounds horrible and unfair.  The whole thing is based on selling to people's emotions of getting rich quick.  That just does not happen too often in the real world.  Education and hard work over time is the key to making it in the real world.  I also think that you cannot spread yourself too thin.  Become an expert at a few things.  Save you money and find a less expensive way.
12:43am • #29
MAY
10
2008

I attended the 3 day seminar because a friend invited me, and I kind of laughed at how hard of a sales pitch they give, but I also realized how you run a business. I run one myself, and sold it. You market, you sale, and you uplift people to believe you. Who would believe someone who is negative, monotone, and doesn't give a shit about what they are selling? Why would anyone but anything from someone if they were just depressed and lame about it? Salesman or actual investor or not, the speaker did a good job, made me believe "Advanced Training" was it. I personally went up and said "Is this it? Nothing after, you learn everything right?" and he said yes :)

 

I signed up for one class to start with, if I like it, I'll sign up for more.

 

My buddy and I split 1 class at 1995 a piece... Although we signed up 3 weeks after, I called and negotiated them back down :)

Andrew Fashion
12:34am • #30
JUN
03
2008

Interesting. Thanks for the info.

6:10pm • #31

Nora,

I just got through reading the prior posts to your blog. I am not surprised at how many people think that you can learn to do something without training. Yeah sure the 9k -43k might not be in my budget or my goals. But if my goal were aggressive in "Real Estate Investing" I would not balk at it.

 I have been to several of Robert Kiosaki seminars. They were always great. Yes sometimes motivating. And everyone needs some motivation every now and then.

6:45pm • #32
JUN
05
2008
1 Featured Post

I took a Rich Dad class at the Mesa Community College, Mesa, AZ a couple of years ago and it really enlightened me.  It was only the cost of tuition (around $200) and it was an actual class that met weekly for a semester.  This class really helped me get started in RE Investing and taught me what to look for in a deal.  Since that class I've become a Realtor and still read the Rich Dad series of books.  I would not pay for  an intense seminar, I've found that Kiosaki does not really give many hard facts and info when he speaks, he is very vague and somewhat befuddled.  And now there is this huge rift between his company and main advisor.

11:21am • #33

Christine L -- Interesting info in your response.  Good to know. 

Kevin
11:27am • #34
JUL
09
2008

STAY AWAY.   RIPOFF.... 

I paid $495.00 for a 3 day  "Rich Dad Stock Success System" seminar. What a joke.  Most of the class time was spent selling their next series of classes, which cost $$$ tens of thousands $$$.  That's the "SYSTEM" - charge  a lot of money to attend the seminar, tease the captive audience with a few little tidbits of information, and sell, sell, sell them the next course(s).  Very little useful information - a lot of fluff.  A BIG WASTE of TIME and MONEY. Don't become another VICTIM!

Ben Had
1:13am • #35
JUL
26
2008

im thinking you have to go big or go home

if your not willing to take a risk then you get no reward , and the bigger risk the better potential reward , right?

if you keep doing what you always did , you will get what you always got !

so im thinking a 20,000 $ investment for a chance at millions might be a good idea , and if you spend $20,000 and get to claim it, what did you really pay?

and $20,000 is a good chuck of money , so if I take this couse I would make sure its worth my while , and if you dont run with it then you can get mad at yourself for wasting $20,000

Thanks

Charlene

10:35pm • #36
AUG
04
2008

These Rich Dad classes are not work the money for these classes. If you paid them. Hurry up and cancel and get your money back. You can get the same information or more for your local library or off the internet

TT
1:40am • #37
AUG
10
2008

Hi Everybody,


I just came back from my Basic Course in Orlando, Florida and I'm as disgusted about Rich Dad education as I never thought as I would be.

First of all, when  I signed up for this " real estate investment" class, I have been told that the class will be dedicated to investment information only, esp. tax liens etc. I have been also told be the sales person that the $ 500. 00 fee comes with life long assistance from Rich Dad advisors / mentors. We have been also told that the average price of this training is  $ 1.000 - but we have been given a special discount that day. This was just lie #1. Nobody has ever mentioned that there are additional courses which will be offered at this class for 100k. This is a misleading of the consumer. !!!!!

When I took my first class on 08/08/08, I almost got a heart attack. The majority of time was dedicated to a cheap looking guy selling us  Advanced Courses, we have never heart about before. The prices were ranging from  $ 9.900 to the most expencive one" worth " $ 111.000.  This was the first and hopefully a last time in my life I when I was actually paying sb. to sell me their product. Really perfectly designed.

The entire day was dedicated to mental pressuring , when we have been all told that our college education is worth sh.. and that the only reasonable investment in our life is the Rich Dad's  " pyramid" . This was " seasoned " with personal stories of our " tutor " about him being morally equal to Mother Theresa since he never does real estate deals when he would take advantage of poor people. Well, he had no problem by asking the entire class to sell whatever we have to pay for his class. Funny. We have been also told that GOD will help us to make the right decision and to purchase the product and that we should swallow our pride. Well, our "mentor" definitely did .

And why do I mention pyramid? The basic idea of the book  is to become rich through a " MENTOR" . If u enter their expencive  " educational system" , u might become one of those. Until then, u need to spend tens of thousands of dollars to find out their secret to real estate investments which u may research yourself at a local library. And guess who is at the top of the pyramid. Mr. Kiosaky.

There are so many horrible stories associated with this class that I would need another three days to tell u all of those.  A small one, if u expect your $ 499 tutor to answer any of your questions, big mistake. It is either not the right time or he will answer your question later, but he never will. Well in fact he will, but only at the advanced cours.

On the other hand, out of 10 hours you spend there, you migh be given some interesting information served in small amount always after about  every two hours of " brainwashing " but only for about 20 minutes. Well they have todo so, otherwise they would made us all to  leave.

What to say at the end, if i meet Robert K. or his wife or any of his " mentors" , I will spit in their face. 

  

3:46pm • #38

I love Roberts books, but if Russ Witney has anything to do with the advance training keep one hand on your wallets.. Witney has been sued so many times it is crazy.

5:53pm • #39
AUG
25
2008

"Rich Dad" is simple propaganda that plays of the gulibility and weakness of the ignorant and simple minded.

alex
12:34pm • #40
SEP
11
2008

Wow! I've been to the 3day basic seminar last month and tomorrow I've been invited to attend one of the advanced courses. Personally, I think that this is nothing more than a business just like anything else, and of course they will try to charge you up the ass to make their business flourish!

But!!! At the same time, the basic 3day seminar gave me enough info to take and run with and of course I am not naive enough to think that 3days in the BASIC seminar would teach me EVERYTHING I need to know about REI! For those of you who think 3days and $500 will do the trick YOU are the ones who have been suckered! You gotta remember that the game is sold not told! So you wanna play you gotta pay! Now I am on your side when you say the prices are fucking ridiculous, but I do believe that in the advanced trainings they will make sure not to leave any details out.

Now after the basic 3days, my brother and I went into study mode and dug up any other OUTSIDE information to figure out that EVERYONE will try to upsell you and will only skim the surface of the subject at hand. But don't get your hopes down because the 3day basic gave us what we needed to get started.

Bottom line is you have to get what you can out of the basic 3day, then take matters into your own hands and go study and go get in the markets!!!! Rich Dad Academy and whoever else they partnered with are not going to give you some Magical Formula to get you rich. Know your laws and boundaries and figure out your own strategies! My brother and I are wholesaling using what we learned from the basic 3day and doing a little googling!

Not Sure
10:44pm • #41
OCT
03
2008

I have heard this was a good book. I am going to read it, and if another seminar comes around...i'm definatly going! thanks

2:05pm • #42
OCT
05
2008

how can i get the software without the advanced training?

jenn
8:06pm • #43
OCT
25
2008

Hey Jenn,

If you're interested in the software please email me. I have an extra and would be willing to negotiate.

consumer99 (at) gmail (dot) com

Kate
1:23am • #44
NOV
24

Interesting post on here, I attended one of his free seminar and I'm not surprise to find out that it was a sales pitch to other seminars. It is a teaching system, so there is cost envolve. It doesn't matter how many training or seminar you go to, what matter is if you put it to use. The one I attended, I felt many there were so into making money that they don't even stop to think about how to do it.  Seems like they felt like going to a training or seminar like this is going to get them a money tree growing in their back yard. I ran into a man who said he went to many seminar and still he is still looking for a way to get rich.  Some are just good seminar go-er.  But, I did see somes that are already making good money but want to reach higher there also. 

The free seminar had open my mind and eyes differently. I've many other books from many different authors and all has one similar point. I was surprise to find that the trainer also use that point too.  He also mention it on his power point and that really comfirm my belief.  The trainer was very successful in his own right also. 

In what ever you do, if you only help or assist enogh people to achieve or get what they, you will get what you want.  And I see Robert getting that now.

One thing I like about Robert's book is that it is written so that the average person can relate to. To see what I mean, read the book Rober and Donald wrote together. When its robert turn you can understand him more, but when it's Donald's turn, it is more like parables.

If you do go to the seminar, use what you learn and don't be like many good seminar go-er and never do anything. Those are the one that comes back complaining about how bad this and that is.

Wish everyone much success,

TONE Earn more using you secret hidden talent

TONE
3:16pm • #45
NOV
25

Is this training related to the Rich Dad Poor Dad book?

2:04am • #46
DEC
13

People, it does not matter what the cost is to anything If you are not willing to give it 100% dedication and actually get out there and implement what you are learning, it will NEVER work.  There are always people who sign up for programs, based off their emotions but never take the first step towards actually doing something with it.  If this is you (be honest with yourself) don't waste your money because that's exactly what it will be a waste.  Keep your money and you'll be a lot happier.

I do agree that the advanced training, based on what I've read here, seems excessively priced, but I have not attended so I have no factual data to base it on.  I have attended numerous seminars and always came away with good information from all of them, but it is up to you to do your DUE DILIGENCE.  Just because you attend a seminar does not mean the money is suddenly going to start pouring in.  It doesn't end there.  Life is an ongoing learning experience and as such you really have to learn, go out and implement what you've learned, learn some more, go back out implement it again and keep repeating this cycle.

No one becomes a guru overnight or by attending one seminar or by playing the cash flow game one time.  It takes years of learning, but the main thing is to be honest with yourself.  You need to ask yourself "Is this really what I want to do with my life" if you cannot answer yes to that question then you probably wont succeed, no matter what it is.  You can become rich at about anything if you become a master at it, but in order to become a master takes years of HARD WORK and DEDICATION .  Most people like the idea but lack the commitment or dedication to follow through.  It's like watching someone who is really good at something, they make it look so easy.  It took them years of doing that something to be able to make it look easy.

Those of you who have purchased and are dissatisfied, I would ask you to not to be mad at the product but look into yourself.  Did you really put forth the effort, do everything you could possibly do? or did you make an impulse purchase, go home do nothing and are now disgruntled over it. 

I am not saying that it's a good or bad thing, I'm just trying to say think about what you are willing to do to achieve your goals and don't buy into something unless you are willing to put forth the effort.   Good luck to you all.  I hope each and every one of you achieve happiness for that is to be truly rich.

Disturbing
5:39pm • #47
JAN
05

hi guy's

after reading all your post, i feel a bit depress

on jan 25 i will attend my first of 4 advence training

i will tell you how that was...

benoit
8:03pm • #48
JAN
06

benoit, that would be great.  Trying to find someone who's taken the advanced training and gives believable specifics has been difficult.  I've read a few positive reviews that in all likelyhood, made up...

L
4:56pm • #49
JAN
11

I just attended the 3 day $495 Real Estate Seminar. I admit that I didn't expect the big sales pitch for the "Advanced Training". And I certainly didn't expect the big ticket price of said training. Regardless, I still think the 3 day was worth $495.00.  (Really $250, since you split that with another person). There were many strategies that were given with examples that could be used. Also there were many strategies that provided "out of the box" thinking.  

I didn't sign up for the advanced training. For my situation I didn't have the expendable cash to put up that much money without being able to make an objective analysis. The thing that is definitely a negative about the 3 day is the class teaches you to apply the "7 Secret Questions of a Millionaire" to every situation yet they really play on your emotion and impulsiveness to get you to sign up for advanced training.

That being said I certainly wouldn't belittle anybody that invested in their education. And I certainly wouldn't make personal attacks or criticisms about anybody I don't know personally (Robert Kiyosoki or Stephen Edwards). I doubt that any bloggers on this site have any personal knowledge about either man. I haven't been able to find anything credible that impunes either man. It seems there are just a lot of bitter negative people that would rather focus on negativity.

For those of you that signed up for the advanced training, I wouldn't let any of these bloggers or negative comments get you down or discourage you. Seek positive re-inforcing consultants. The cost of the training may be well worth it, or it may be over priced. Only you can determine that. It's your dollar and only you decide how you value your money. At least you are making the effort and you will certainly be better prepared to make informed and less risky decisions. You certainly are miles ahead of those that would just rather sit around and complain. Please give us feed back on the content of the training.

Good fortune and peace to all!

TomJak

tomjak
11:07pm • #50
FEB
05

Hi guy's i little while ago i told you that i was gona attens my first advence class. I did, on January 25 attend my first advence training that was MU ( millionaire you) in Calgary (canada).

That was amazing the class was about buy and hold income proprety. I learn so much in the class it is unbeliveable!!! They took us by the hand from start analyse proprety, do the math so you make sure to make great money, how to get the right info make phone calls..etc.....

The class was very complete the teacher was great, it was a complete different dynamic in that class compare to the first 3 day selling class. Everybody was very positive and involve.

In that advence training they haven't try to sell us anything they really concentrate on you success.

 

They don't try to sell you a dream, everyone is very straight foward about the fact that this opportynity is NOT a get rich easy and quick.....To be successfull it will need a comitement from my part regarding time and applying what I learn, but the good thing about it is that THEY are commited to my success. Every time i have a question, i have a 1-800 number and i also have e-mail from instructor that I can reach anytime. They didn't have to gave me their e-mail, but i think that when they see that you are motivated, they want to work with you.

It's been a week and a half since i finish my first advence training class and since then i selected 4 propretys, i sent 1 offer and i am still working on the 3 other. I am very positive and that class gave the the kick in the but i needed to stard doing real, real estate.

I live in vancouver, last week end I decided to go to the 3 day's introduction class tha was given here in vancouver. No body new that i was comming, when i got their, i enter the ball room and I ask the speaker if i can say a few words about my experience in advence training, without knowing me they let me talk. That prove me that they are very confident in their products.

The class are expensive i took the package 4 class + mentor (30 000) i hade to borrow + load up my credit cards and it is painfull. Over the last 4 years we paid about this amount in to my wife bachelor degre. The way we look at this is that the advence training are my Bachelor derge. One more thing that I realize in that class is that if the payment is not painfull, you will gave up easily...I met a few people i that week end that had the money to pay 30 000$ these people were more pesimist about what they taugh us....for my case , it is painfull, so faillure is not an option, I will be successfull...I don't have any other choice.

To finish, i recommand the advence training because I think that if you put the efforts, the knowlege they give you is amazing. I will re-use the same words that they told me and I didn't belive it, but it is true, the only unknown variable in that whole deal ( in my case) IT IS ME and now i believe it.

As you can see, I am not a millionaire or an employe of richdad education, this is my experience thats all. I will try to let you know how my progress are going.

If you have any question, you can e-mail me at bengagnon03@gmail.com,

thank's Benoit

P.S Please forgive me for all the mistakes of my writing.My first language is French

 

Benoit
12:53am • #51
MAR
15

I'm going to attend the 3-day class in stock success training in 2 weeks.  I have read all the rich dad books and now own 2 single family homes and an 4-plex, all with none of my own money invested and over 1500 in cash flow and 7 K in my tax refund this year.  So I know the books can teach you alot, but you have to go out and experience and continue the education in the most ways you can find.  All this was achieved in a 2 year period. 

 Now my question, has anyone attended the stock seminar, this will be my first seminar of any kind.  Do they go into more detail on using options?  What else will they teach me, I'm aware they will try to sell me more, just wondering what specifically they will teach me.

miller
4:23pm • #52
MAR
21

Hello all, I was quite surprised also to learn that the course would cost upwards of 45,000.00 to complete.  I am amazed at how they break down the numbers, only 6.50/ day  for your dream only 2 cups of coffee! ... wow! however if you break it down the other way, at 11 courses for 45000. thats with tax here in Canada (Approx) that works out to only 4090.90 per course, now I am no genius, they let me know that right off... with my college degree and all, but at 3 days per course thats 1363.63 per day and approx 8 hours a day thats 170.45 ... and again I am no genius (actually I was, I worked for Apple, I was also a Geek for the Geek Squad at Best Buy) However I digress...  thats a whole lotta cash for an hour... not to mention that you need to get to these courses on your own. They only hold one course in the city I live in, the rest I pretty much have to fly to.  Enjoy dinner at your own cost. Not to mention that we already paid almost 500. to get to the point where we could pay them again.  Well it would have been nice to know that at the very beginning, prior to signing on the dotted line.  Well we will be going back for the rest of the class tomorrow.  I will let you know how it goes, I will not be purchasing more courses however. Fool me once shame on me fool me twice shame on you.  Now does anyone out there really have advice for investors who want to get out of the rat race that aren't charging thousands of dollars? If so I would be more then welcome to advice. I don't mind the free advice..  I filter it all the same way...  Garbage in Garbage out. Good info in stays in.

Thanks!

 

Lori
11:11pm • #53
MAR
24

I attended the 3 day training seminar this last weekend and the experience was difficult for me.  I suppose I was pretty nieve to think I would get a detailed blow by blow of the techniques listed in the freebie seminar on a quickly displayed power point.  I was not expecting to be told to lay out up to 67,000 dollars for advanced training by Sunday when the training ended and if I tried to call on Monday morning the price would go up to 110,000 dollars.  The lowest amount anyone could spend was 10,000.  I liked the pieces of info here and there intermingled with the pressure to sign up for the advanced training.  I also realized later that even though the mantras repeated over and over, like, " the mentor is the key", may be good advice, it was also carefully placed at the proper times to cause me to question my own gut feeling about plucking down 67,000 dollars on credit cards after 3 days of "training".  In the end I just couldn't spend that kind of money without doing more investigating.  I went with my friend who is very level headed and had had experience in real estate.  She told me not to listen to the high pressure sales because she didn't think it was actually true about the price only being good for that weekend.  I did call on Monday after not signing up and she was right.  The prices quoted to me were exactly the same as the ones quoted during the training and there was no catch to getting them on Monday.  I called the 800 number and talked to Jose and he told me I could also take classes only online and the price would be lower. 

After I realized I had been lied to about the price going up, I just couldn't trust anything else I had been told.  I do think real estate investing can be protifable and a good way to produce wealth now and for the future, but I don't want to give my business to a company that lies. I also felt bad for the people who had gone with the belief they would learn how to invest with bad credit and no money since the 500 dollars had been a stretch to raise and then get told they need to pay 10,000 dollars to get the actual help to invest.

I'm not sure if it really is Christian to pressure people and lie to get them to spend up to 67,000 dollars in one weekend.  I am a Christian and Jesus has never put the high pressure sales pitch to me.

rebecca
11:58pm • #54
MAR
30

I attended 3 day training in Denver last weekend.  I found it to be phenomenol.  Our instructor was dedicated, dynamic and informative.  My husband and I learned so much more than we ever expected.  We knew that there was the upselling coming during the training.  I must say that they were not pushy about it either.  I agree with others that if you think you will learn everything you need to know in 3 days you are out of your minds.  Education is priceless and learning from those with experience is the way most of us learn not just by reading books.  We did not sign up for the advanced training but it will definitely be an option for us in the future.  We know several people who did sign up for it and we'll be interested to see how they do.   Like anything else, you must put as much or more in of yourself than the actual learning process.  I think that if you follow their recommendations and/or take their advanced training and apply yourself you will be successful.

 

Suzy
1:28am • #55
APR
05

Hi!

I just came back from my three day initial seminar and am pretty upbeat about it.  Investing in real estate is in itself a specialty and a career...  You cannot possiblylearn everything that there is to know in a weekend. 

Being an engineer, I enjoy structured instructions and precesses.  Initially, I was expecting that the training would be more tactical.  However, with what I have learned this weekend, I think that I know enough today to put together a comprehensive plan and figure out what additional information I require to move forward.  It may involve advance training and I may decide to get the instruction elswhere.  But nevertheless, this has been a great eye opening experience.

Those expecting a "get rich quick" scheme better keep buying lottery tickets...  This is not what it's about.

 

Overall experience:  Satisfied and recommend!

Daniboy
5:08pm • #56
APR
22

I really appreciate the dialogue about the training program.  I interested in anyone who has taken the intensive and is interested in having a mentorship relationship with me.  I have years of experience and education in architecture and inspection.  I know a good deal of basic knowledge of real estate investing.  I am willing to put in the work, I just don't have the cash flow to pay for the training.  Please email me.  gkmdeuce @ gmail

Deuce
9:53pm • #57
MAY
17

Finished the 3 day basic course today, loved it. Understood going in this is a basic course. Instructor hid nothing about advanced training and in morning of 1st day told class advanced courses are between $10k and $65k. Learned alot in three days but definitly not enough. If I had the cash or credit I would have signed up for more. Worth the $500 for the basic course. All so, if you are lucky enough to get Lee as your instructor, he taught how to do credit repair on your own with out hireing a company (he use to to it befor real estate investing). THUMBS UP for the course.  

Ron
3:26pm • #58
MAY
18

I agree.  It was a great class.

For anyone around Miami / Ft. Lauderdale who would like to play the Cashflow Game, we have put together a group from the 3-day in order to play the game and get out of the race.  Just reply to this message.

Deuce
2:12pm • #59
MAY
20

I have attended two classes past the advanced training, one in person and one onlline.  Training is way overpriced for what you get.  Think ROI.  Join your local real estate investment club.  It it's a good one, they will have training galore for bargain prices compared to Russ Whitney!

 

Also, software is very buggy.

Jackie
6:17pm • #60
JUN
20

Qualifier: I am not paid to post this, nor am I an employee of any of the Rich Dad sales teams.

I have studied countless courses to business building, wealth building, and they all have one thing in common.  

You must apply yourself if the course can be expected to produce any results. Can you find all this material anyplace else. Absolutely. In most of Robert Kiyosaki's books you should find a paragraph that states how he found and learned the material, and how it is not the material or information that will determine your future.  

I found all the workshops to be educational, at a high level. I am a Entrepreneur, and fully in control of my "rules" and decided not to seek advanced training.  I consider myself intelligent, to the point that I would never accept one viewpoint. To become an expert you need to master something, and I learn from as many sources as I can without paying first. I apply myself. Wealth finds me, not the other way around.

I think you need to decide for yourself if it is right for you. It is not a small investment, for a reason. It is designed to scare away tire kickers. Unfortunately, tire kickers will sometimes pay to play the fool. Meaning, if you had doubts about the purchase, you should not have made the purchase with emotions. Go back and read his books. Separate emotion from your business decisions.

If I desired, I would attend the Advanced courses. I would apply the material, and very likely make the money that is suggested. It is a suggestion of earnings, not an expectation. 

I am convinced many feel this is an opportunity to GRQ "get rich quick." Three year plan or not.  You have to work harder for yourself than you have ever worked for anyone else to achieve wealth successfully.

Mentors are well worth the cost. You should seek less expensive options in your local area first. When your investing experience and income reaches the point that you can afford to write off the education, I highly recommend it. If you can not afford it, reread the books on controlling your budget. 

You control the debt, the education, the system. Take control and go build a company. Fund startup with capital, and apply the knowledge you can acquire for less money first.  

If you wanted to sell cars, would you start with a sales class in Lamborgini?  I think not.

I wish all of you success, and wealth. Stop taking the easy path of quitting on yourself. Apply hard work and effort to obtain an education on a single wealth formula. Once you achieve mastery "own it." The success will follow, then add another formula, and repeat.

I will someday teach others how I have achieved my success on a scholarship basis. Meaning, if you apply, and I accept you, you pay nothing, because the education will be paid forward. But if you fail to achieve anything, I will have an agreement in place, that it will cost more than RichDad Education to quit. You have to have something at stake.   

Folks if you can't afford the books you can't afford the education system. Apply yourself with all the free education first, and master it. You have to have a plan, and noone else can make you take action.

Robert has stated in his books numerous times, you can start a business with little money, so why would you ignor great advise from the Author and Mentor to the Mentors?  You should not need to borrow money, but if you do, you better go all in, go big, and apply yourself. If you don't I will gladly buy your unused advanced courses for $1000 a piece.  

Look on the Rich Dad Forum. Robert has approved reselling your courses, so if you need money, go sell something.  Stop asking for refunds, don't buy in the first place, or buy and correct your mindset and get to work.  Need help email me. I will find a way to help.  I ask only that you remember you are asking me for something, not the other way around.

All the best to you all.

 

James Blakeley
8:54pm • #61
JUN
22

Hi everyone,

I just finished the three day(495$)seminar and it was all very good information.

I did not go into the advance training,feeling that the method use in the training felt more like being at pitch seminar...,not working from any books,not in a classroom training.But i still got a better understanding on what it takes to become an independent realty investor.

You pay for what you get.

Anyone looking to get into personal Real Estate investment,the 495$ is not expensive and the information is Good. 

Yes they will tell you about the advance training and you will decide if it is right for you!!

from the trainer (Pep): Be careful who you listen to!!

God bless. James K.

James K (Canada)
1:45pm • #62
AUG
20

I just attended the 3-day seminar. I feel like I what I learned in those 3 days was well worth the $495. I learned a lot about myself and the way I view things. I didn't go for the advanced trainings but now I wish I had. As much as it would have hurt to pay that much for it I feel like it would have been worth every penny.

Michael Chambless
9:04pm • #63
AUG
23

Hey, I just finished the 3-day seminar as well and signed up for the 2-class advance training.  I will post my updates on how it went.  I am very anxious to get started to recoup my debts.

 

-Hector

Hector Cervantes
11:10pm • #64
AUG
31

I would really love to hear from someone who has finished the advanced courses (whichever package) and really felt the info helped them to succeed.  I know you have to get out and work but I'm surprised on various internet forums it's either negative or people who have only recently signed up for the advanced courses.  What about those who signed up years ago???  Please respond.  Another question - if the instructors make SO much money at real estate and it takes them so little time, why would they spend an entire weekend away from their home and/or family on a recurring basis to teach?  The instructor/salesman told us he does get paid good ----like a commission maybe?

But please do respond when you've finished your advanced courses. Thanks

kim
12:10pm • #65
SEP
20

I have just finished 2 full days (9 am to 7 pm) of hard selling, with a few hours of real estate investing overview thrown in. Maybe not worth $495. I don't want to go back tomorrow for the hard close, but I want the software so I probably will.

Jake
12:34am • #66
OCT
06

Does anyone know where I can get just the software?

 

Joe
9:36am • #67
OCT
19

We just attended the three day sminar in Kitchener, ON for $495.00.

The first two days were not bad - LOTS of information, hard to keep up, different ways of thinking about things.

Third day at 3:00, only 2 people had had signed up for the davanced training.

The course was supposed to go until 5:00pm, but the "trainer" came to the front and said, "I am in a grumpy mood because I've just wasted my time." and proceeded to yell at us for not signing up for the advanced training. He just said "That's it, I'm done, we were supposed to cover property management, but you aren't ready because you haven't made the commitment to you future, so the class is over"

Someone put up his hand and said we had paid $500 to be there until 5:00pm, and that we had paid to learn property management as well. The "trainer" said "You are a negative person, and you've sat there the whole weekend not taking notes, and then question ME when you don't even want to learn"? This person was then asked to leave to get out because he was a negative influence. When asked "I'm negative because I don;t take notes"?, he was told to leave. He asked a nother question, and the "manager" got security to escort him out.

It was completely unbelievable! I have NEVER seen anything like it in my life. Period.

I knew they would want us to sign up for other classes, but this?

Disgusting. I don't know if this is an accurate representation of the entire system, but my own personal experience taught me that while it may be worth $500 for the 1st 3-day, DON'T FALL FOR IT AFTER THAT.

Brian
8:28am • #68
NOV
01

Alright, so I've read all these posts and some are good, some are bad. As always. Just want to add my two cents to the overall equation and maybe help ease those who have decided to take this course. Here's what's going to happen:

NOTE: I took the class in Tyler, TX. The class dates were: October 30th, 31st, and Novemeber 1st. I am a 23 year old single male and I opted to take my 67 year old grandfather to 'cut' through the BS. My grandfather is already a business owner with some rental property, no millionair, but experienced enough to let me know when someone is just trying to screw me over.

1- Youll hear about Rich Dad coming to a location close to you and you can attend a free seminar.
2- They will attempt to sell you a package they value at $1,000. If you sign up now, you pay $500 and get a lot of books and audio CD's. One thing that made me comfortable is that the amount of literature I received just for signing up was worth almost as much as the coming seminar.
3- Now you've signed up for your basic training course, which they don't seem to really tell you. Quite alright though, if you are slightly intelligent, you will realize that you cannot learn everything about even one aspect of real estate in 3 days.
4- Read your materials! Here's the truth. Robert's books are mostly about what?...Mentality. It's all about how you think and perceive yourself and the world around you. Some people think this is dumb. Okay, that's fine, everyone is entitled to their opinion. Find me a millionaire that doesn't belive in positive mindset and I'll stop reading all together. Hate to say this, but the reason most people are where they are now is because of their mindset. Call me a liar, I don't mind. It's the truth.
5- Now the big day comes! Class time!

Day 1:

Introductions by the speaker are done, over quite a long length of time. Background, stories, some information. They do a brief overview of everything that will be covered throughout the next 3 days. Day 1 is the build you up day. A lot of really handy information is given out. Even my grandfather, who as I mentioned is 67, actually learned a lot of really cool information that day. They do give you an assignment over lunch. Call your credit card companies and request the highest credit amount you can get at the lowest interest rate possible. While some people view the reason behind this as them preparing to sell you something...face it. Duh. Don't be an idiot. There are actually other, very sensible reasons to do this. Be smart and be aware. Don't go into this class believing you are going to come out making millions. If Real Estate were that easy, EVERYONE would do it.
Break for lunch.
Come back and the information slams you. A lot at a fast rate. While we had booklets and paper, I brought a notebook and wrote down as much as I possibly could.
This first day was tough on me physically and mentally. I'm a physically fit young man and sitting for 8 to 10 hours is tough on the mind and body. I wanted to get up and run around, but I was truly learning a lot. They give you some things to take home with you, things to think about.

Here's the thing I felt. I could have come after lunch and got a few extra hours of sleep, maybe made it easier on myself. Don't do that. Even though yes, the mornings were spent talking about little bits of information mixed with stories and experiences an all that, there are still valuable key points to take away from the ENTIRE seminar.

Day 2:

Start off in the morning again, giving some background information and experiences. Mornings were more boring than the afternoons, but still learned. Honestly, the onslaught of information being thrown at me was intense. They covered so many different aspects of real estate that it was mind boggling. Personally, it was awesome. I thought I knew a little bit of real estate...I don't know jack. There are methods to real estate that when you are told...you realize it is total common sense...it's just that no one thinks this way.
Break for lunch.
Come back, the information channels open up and pour out again. Scribbling as fast as I can, I write down any and all information that interests me. We cover wholesales, foreclosures, pre-forclosures, short sale, probate, rental, etc. The different methods behind one piece of property was amazing. We covered typed of income and tax rates and laws. W begin playing the Cashflow 101 game, you don't get enough time to really get into the game at all. But it's fun, sort of like a big boy Monopoly.
The selling pitch has been drifting in and out and by this time, it is clear they want to sell you something more. Again...DUH. They don't really get into pricing today and for good reason, it will wake you up real quick. The upselling comes. Word of warning: Not for the faint of....money.
The LOWEST package/courses start at $9,999 - the HIGHEST package is $65,999.
Alright, going to pause here and tell you why you should go and cancel your class just because of the advance course prices. First off, the intro seminar gave me tons of really valuable information, real world knowledge. Second, if you are planning to go into real estate...you have to get some sort of education, job training, something. If you go out there and just start buying or selling or renting...you will get sued and/or lose everything. Will everyone lose? No, there are exceptions to the standards. Without proper training, this is like going to work at a job that requires previous experience to avoid injury and going into the job completely ignorant. Most likely...something will happen. It's all about being smart, making intelligent decisions.
Time to head home...still soooo much information swimming through my head. I'm just as excited and worked up as the first day.

The Rich Dad company will urge you over and over again to not go out after this intro seminar and begin doing 'deals'. This is for two reasons: First, to cover their own 'assets', as they jokingly referred to it as. (Duh) And second, because while this disclaimer should be common sense...it's not. Some people will think they know everything about it and go out there and hurt themselves badly. Don't think that this class will equip you to go out there and make money. No 3 day seminar will. Not even a class at your college. Be smart.

Also: I own the Cashflow 101 game. The cost was $200 for a board game. Was it a good investment? Depends...plan on using it? Yes! Very much so. Going to buy it and stick it in a closet? Go out and have a good night on the town, this game...and industry...is not for you.

Day 3

By the final day, you are worn...at least I was. Mentally, I had been pushed full of tons of information from all angles. Am I upset about this? Quite the contrary. Having a great time learning some really useful stuff. We play the Cashflow 101 game again, this time getting a little more time to get into the game. This is a very involved game, like Monopoly on steroids. Worth $200? I think so, I own it. You develop your own opinion.
The morning was a lot less productive than previous ones, I didn't have to write as much, but the day still progessed nicely. We talked more about asset protection and forming corporations. Going back and emphasizing the things talked about over the past few days. Learned about some very interesting tax rules and advantages. Wrote everything down. This day, the upselling was in full swing. Go into the advanced trainings, this was the message. Spoken loud and clear. At the end, you are given a little certificate of completion. Nothing special, just a cute cherry on top, sort of deal.

Overall

I was satisfied with the class, personally, I found it to be a great way to learn some stuff. Is $500 a lot to me? You better believe it. With the job market the way it is, that hurt a little bit. When it was all said and done, would I have not done it if I could go back? Nope, I'd do it all over. My grandfather, again 67 year old, experienced and intelligent induvidual, happy and slightly more educated. In fact, he plans on rearranging the structure of his own business and utilize some of the tactics in selling his own home. The speaker, Ron Rubert (may be spelled wrong) was a great guy. Personable, funny, extremely smart. My peers were educated and challenged Ron through every step. He was able to answer almost every question presented, impressed both my grandfather and I. One of the ladies sitting at our table was, in fact, a real estate agent. We had another woman who had worked for the IRS for many, many years. Both of these women were not taken back by what they learned, in fact, they enjoyed it as well. The real estate agent, not so much. But the IRS lady signed up for advanced training on the third day. Every time Ron started talking about tax laws and regulations, I would watch this lady out of the corner of my eyes. She was always nodding and agreeing silently, sometimes shaking her head. To me, it was a 'wow, of course' kind of gesture. Who knows.

Should you take this course?

Make up your own mind. Are you real about going into real estate as a career and don't want to take conventional methods and work for yourself? Heck yes, I fully belive this course could be, along with the advanced trainings, one of the most helpful tools you can have. Are you interested in learning some of the 'ropes' of induvidual real estate investing and have an open mind. Sure, give it a shot. You will either love it or hate it. Are you a skeptic who is going to fight the speaker the entire way and argue with everything this guy says. Do people like me a favor. Take your $500, go buy something to entertain yourself while I go learn something.
Is this class for everyone? NO. No way. If you aren't completely excited about real estate and prepared to learn some really intense stuff, you might not understand everything you learn or might not even like it.

Why don't I tell you everything that went on in this class?

Forget that! I paid $500 out of my own pocket! Luckily my grandfather told me he would pay for half. Sorry, but I'm not going to give someone something I paid that much money for. Call it greed, whatever. I call it fair. When you plan on giving me, a completel stranger, something that cost you that much, let me know. :)

Final Thoughts:

I was happy with the results class. I'm not an idiot, I knew they would try and upsell me something, in fact, I already knew the base prices of the advanced courses before I signed up and guess what? I still signed up. My grandfather was happy and plans on using some of the information from this class to benefit himself in his business and personal real estate affairs. We both learned a lot of information that neither of us, young or old, had any clue about. I plan on taking at least one advanced course. Induvidually, they are $5,000 a piece. Think I'm crazy? It's all about perception really. You don't want to take them? Don't. All I am saying is be smart, be careful and be open minded.

They will try to sell you something. Suprise! They're a business! What do businesses usually do? Sell you stuff. Get over it. This sort of industry is very open and transparent...unlike our government. (Whoops!) They tell you. The classes are expensive, but they encourage them. They tell you not to go out and make stupid mistakes an don't do anything without consulting an attorney. Covering their butts? Again...duh.

Last thing I will say is this. You can go online and find negative things about ANYTHING. Type in any subject or class or product or whatever you can think of. You will find people who aren't happy. In this class they tell you straight out...the only way you can succeed is if you learn and then apply.

"Knowing is not enough, we must apply. Willing is not enough, we must do"
-Bruce Lee

 

 

CeW
11:57pm • #69
NOV
05

Thanks CeW...

That was well balanced and fair. I am signed up for the 3-day a month from now.  I have Read every post here.

Mr Blakeley Had a lot of useful things to say in his comment too. Thank you both.

In Fact Thank you to everyone who posted here... Positive and Negative and Realistic.

All these things Help get a True Picture of what is happening.

I now know what to expect and I know What I'm NOT going to do. That is at least a start.

Any endeavor worth doing takes time and knowledge.

Mr Blakeley has hit on an important issue.. Learn as much as you can without paying for it and find someone who knows what they are doing who is willing to share.

Expect to work hard because few things in this world ever come without working for them.

Gideon

Gideon
1:03pm • #70
NOV
07

Hi,

I have attended the Rich Dad 3 days training course in London I have to say that 3 days i have learn a-lot and it opened my eyes. However last day of the training we were asked to attend Advanced University! What??? to put all these theories in practice and it only cost £20,000. I said how much???  I have to say they have extremely over priced the next level. so the morall of the story is I just attended 3 days traing and now I know how to creative finance and buy and sell real estates.

Friendly advice for whoever wish to go to the training DONNOT take it to this next level, trust me once you get the basics the rest are all common sence.

 

Rafee 

Rafee
11:10am • #71

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Nora Adkins

Tucson, AZ

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Realty Executives

Office Phone: (520) 721-3171

Cell Phone: (520) 909-3323

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