WARNING! WARNING! WARNING!
Don't fall for the Rich Dad Education Scam! The way they scam people is they invite you to a free 2 hour seminar. Okay, nothing is free! Expect to get a sales pitch to attend their 3 day "training" course to learn the "How To" since the books teach theory and strategy but not real world practical advice from the "Experts" in real estate investing.
You pay $495to attend the 3 day "training" and you get a work book and cd set by Robert Kiyosaki called "You Can Choose To Be Rich". On his website www.RichDad.com this same product is sold for $599. Okay great, already saving money!
At the 3 day "training" you play the Cashflow 101 game on Day 1 to learn how much you don't know about real estate investing. DUH! That's why you are there and paid $495 to learn what you didn't know. Then they tell you how much you are going to learn and what you are going to learn tomorrow day 2. They taught you how to increase your credit card limits and check your credit and this was to be done as soon as you got home. Basically, day 1 was a waste of time.
Day 2 - They teach you how to do a owner financed transaction. This is riddled with, "Am I increasing your real estate IQ?" throughout the day. Then they spend almost 2 hours with the hard sell on additional education because you really didn't think you could learn everything in three days. These additional education classes range from $8000 to $64,000 and these are discounted prices if you buy during the 3 days only! After you pick yourself up off of the floor, you realize you've been had. All of the "training" leads up to the selling of additional classes for even more money. This is why they wanting you to increase your credit card limits on day 1.
Day 3- They started off the day by kicking out a person for not being in favor of their tactics. Then they proceeded by ranting about being negative and negativity won't be tolerated. What they really wanted to do is get rid of someone they couldn't sell and to try and stop them from convincing others from to buying into their scam. So many people were turned off from day 2 that about half of the people came back for day 3. They taught a little about foreclosures but they have another 3 day class that gets into more detail. More money! Then they talk about asset protection... using their company to create LLC's. More money! and then the last hard sell push!
In reality, you pay $495 for a sales pitch! You already recieved a workbook and cd set that had nothing to do with what they taught in the 3 days!
Don't fall for it! Robert Kiyosaki should be brought up on charges for this scam! If you don't believe me, check out www.ripoffreport.com and look under Wealth Intelligence Academy. This is happening all over the country! Help the public to stop this scam and email www.RichDadEducation.com , www.wiacademy.com , www.richdad.com , your attorney general! Let's stop them together!
This program should be called Rich Robert Poor Public!
David Slavin, ABR