Oh yes, one thing I forgot to mention…those packages (classes) they are trying to sell, Cost between $20K and $64K….shocking to say the least….

I think the people who got scammed should be evidence enough that it’s not “for real”. I didn’t know anything about this guy at all until I just saw something on a banner on another site I was on and then decided to check it out. The guy sounds like a jackass to me. An a-number-one jackass.

my fiancee and i put close to $9000 down for a package at a rich dad seminar. they kept telling us we had nothing to lose because the classes had 100% money back guarantee. Well we went to the first class and realized it sucked, and asked for our money back. we followed directions to a tee and attended the first full day, included what we had to in our letter asking for a refund, but were denied our refund.

we would like to file a claim..but against such a huge company, it makes no sense to do it alone. If anyone here is interested in filing a class action lawsuit, please reply and perhaps we can work something else.

We are currently pursuing our state Attorney General and the FTC. I can keep you posted on our progress, but at some point, we may be faced with having to file a complaint ourselves..and if so, the only way we’re doing it is others want to join forces with us. Otherwise, we will just drop it..it’s $9000 dollars but it’s also our time and energy.

Thanks.

Kiyosaki is a hack. The people who defend him are delirious.

ALL THAT SHIT IS FRAUD, DON’T GO TO ANY OF THOSE CLASSES THEY ARE A RIP OFF, I KNOW FIRST HAND. I WAS ONE OF THE DUMMIES THAT FELL FOR THAT STUFF. THE BOOK IS GOOD AND MOTIVATING BUT THE SEMINARS ARE AAAAAAAAAAALLLLLLLLLLLLLLLLLLL FRAUD!!!!!!!!!

Its not about right or wrong. Its all about what you choose. If you think the idea of Robert bring is wrong and you are right and if you think it is right and you are right. I does not matter. If you think you can get rich on your own way. Go ahead. I already choose mine.

Most people on here who complain whine and take the time to adhere to the negative points that they didn’t succeed shows that they are not willing to put forth the effort to gain anything. It’s very general sure, however no one has ever accomplished anything by sitting around complaining of their failures. Action does take effort and without that….oh wait, if you read his books then you would know what he is talking about.

If you haven’t and you were looking for a financial guide you were “greatly” mistaken. In the books he address’ the points of people wanting instant gratification. Well you surely proven that you are one of those people. Sometimes when you take the time to invest in a business plan you will find that making those plans is just as important to the ideal in which you are striving for.

Personally, I have read his books and read it for the meaning. Most people now these days are too intrinsically involved with the details and when someone writes in a general manner as such, they may believe it to symantecs. If this is the case then you have clearly missed the point. But Kiyosaki, put very clearly in his books that it is simply a mindset that you should put yourself into. He is not knocking on education by any means, he is saying the risks involved are those in which you can only learn from experiences. In his books he is simply sharing his experience.

I laugh at the point made that people will obviously buy things such as movies and frivolous things. If you are one of those people you are not investing not only your money wisely but your time. For those who have read thus far, this is not an insult but from my experience, and sharing it to you. If you have found offense to this then you should stop reading and go to the store and buy a book…of any kind.

Robert Kiyosaki, is making money by sharing something. So is that bad because you didn’t learn anything? Absolutely not! You blame someone else for your misfortune. Well that’s your downfall. He even mentions that in his books. Well you are a product of your enviroment. If you don’t have what it takes to do what others do, then I guess we need our french fries! In a systematic society where you are either rich or poor, we should definitely educate our next generation to be thinkers.

Have you ever wondered why you look at people like him, this being to all the people who call it a scam, why you think it is a scam? Because you are not willing to invest in “effort”, your lazy! It does take some work. But you are not going to become rich from reading a book, you should have gained knowledge, cliche’as it might be, it is power. The more you know of something, even this discussion would be that you are not collecting the facts. You do not have a clear understand of society. You should go a bit deeper into your research into many fields and cross-reference what is going on, before you come into a gun fight with not even a knife, but a twig!

I will say this however, everyone is entitled to be happy. Now if you blame Kiyosaki for not working for you, you shouldn’t say it didn’t work, you should take it as a product and make it work for you. YOU’RE ABSOLUTELY CORRECT, to those who say he is repeating something that has been around. Ideals and certain, values and virtues that have come from others, but he capitlized on it! Good for him, don’t get bent out of shape because he did it and you didn’t. He just took the effort to go forth and do it! Sorry, maybe next time!

Mixed feelings on this guy…

I got a lot out of Rich Dad Poor Dad. Like many have already said, it does not teach how to get rich. However, for people who have not already been educated on how much investing can impact your life financially and otherwise, it can be inspiring. It also inspired me to read more books which elaborate on the “how to” aspect of investing. And those books lacked the inspiration that Rich Dad, Poor Dad provided…you must take the book for what it is…an excellent motivator for newbie investor.

Now after I read Rich Dad, Poor Dad and his partners book “The ABC’s of Real Estate Investing” I was invited to see them speak live in NYC. I was VERY disappointed. He was inspiring at times but other times he seemed more like a high school bully. At one point, in talking about how some people just invest in IRA’s and 401k’s all their life, he referred to them as “pussies”! I could not believe my ears! Then at one point, they stopped the motivational portion of the conference, to put on a sales pitch about their multi family housing development in Arizona. I sat there for a half hour listening to them trying to get the crowd to invest money into their project. It was actually quite hilarious because after spending time talking to us about how we don’t always need to use our own money to invest and that we can go to investors, they started coming to us! I don’t blame them either. They had a golden opportunity to get hundreds of people who already want to invest, many of whom who would consider it an “honor” to invest in their inspiration to do so. No one seemed to be paying attention to the fact that they went from being inspired to being vulnerable prospective investors. After the pitch people were lining up to get more information about investing in his projects. He milked that conference for everything he could…not a dumb guy by any means. Overall, I left with more knowledge then when I am came in but I was still disappointed in his behavior and marketing tactics.

In his companies whole line of books there is good information and knowledge to be gained but don’t put him high up on pedestal. His bank account is what you want to aspire for but he’s not the person you should aspire to be.

I agree that the personal coaching and seminars will probably be not much value for money. I received a call from one of the rich dad personal coaches and I’d have to argree with you Dan that they are just trying to sell a product and of course push the sale to make a profit( Btw whatever they teach you you can learn yourself—after looking at the course content—I decided against it.). Like you I don’t blame them, but I started thinking if I spent $5000 on personal coaching or seminars, wouldnt the money be better spent elsewhere on books and audio cds? For $5000 you could probably get hundreds of books, programs and cds on business, real estate, motivational programs etc.. I’d have to say that learning from the books and cds itself are sufficient if you really put your heart into it.

Now don’t get me wrong, his books , cds and games are very very good and I’ve read a lot of books on making money and real estate investing… etc. The CASHFLOW 101 , 202 games are good ways to inspire family members friends and loved ones to think on the same track as you…for example saving money and achieving your goals together. It did wonders for me and my wife.

Robert is not perfect. So is Donald Trump. Just because you dont like the teacher doesnt mean that the materails thought are of no value!! I personally never liked Donald Trump either,, He is A Show off!! But don’t blame them, look for the best qualities in people. We want to learn to achieve success in life.Take responsibility for everything in your life. I suggest taking the best that you can from the materials you get. His books are very good– seriously.

You can learn from the seminars or classes… but you dont need to! Its too expensive.. The money would be better spent elsewhere. These seminars are for those who have extra cash to burn(in my opinion— Just take it as entertainment and learn from the experience. Like I said earlier the 5000 could probably get you enough books and programs to be an expert on the subject(provided of course you have read it several times…repetition, practice and having an exceptional iq). Of Course you dont believe everything you hear/read!!! If it makes sense believe it if doesnt Don’t! But do your research first and keep an objective mind on everything you read and hear. I know many people who have used RKs materials for many years now and have achieved success.These people also read from other sources as well.

In conclusion——his books, cds, and games are good.—-the seminars/classes? ..It depends on you if you have the extra cash to burn .. and perhaps you need the extra boost or push , then go for it(I’ve never attended his seminars). Me, I prefer learning from the books/cds since I prefer using the money for the seminars to get myself more books on other products such as–Brian Tracy’s programs, Jack Canfield and Napolean Hill and other RK books.

Thanks // RIDZ

I have read John T Read’s website and I hope that people can see on how much of a negative person this guy really is. Rich dad poor dad(and other RK products) has helped many people I know. Be sure to check out Dolf De Roos and what he teaches before you start speculating. So what if he makes a profit from his educational materials? I don’t like Trump myself because he is a showboat but that doest mean that we cannot learn from his success,that goes for Rk as well. You don’t have to like the teacher. Just take the materials being tought and learn from it. You will never learn anything if you don’t keep an open mind.

Regards,
RIDZ

As i read through ALL 70 posts regarding Robert Kiyosaki I can say that half of you are dead wrong about “Rich Dad Poor Dad” and other Kiyosaki products. The rest of you make great points. However, I am disappointed to read about the thousand dollar seminars not living up to the hype. Anyways, I want to clear some misconceptions about “Rich Dad” and what Kiyosaki is selling to people. First off, In no way does Robert state “Quit your job now, drop out of college, you don’t need ANY of that stuff. Just read my awesome book called teh ‘Rich Dad Poor Dad’ cause it rules!” It is obvious that some people who read his books or go into the field of business want to make a lot of money, and rightfully so. But, Kiyosaki never said “Follow my steps to obtain great wealth the fast and easy way!” In the back of “Rich Dad’s Guide to Investing” he clearly states “For those seeking the magic formula or the quick fix, this is NOT for you!”

I read “Rich Dad Poor Dad” and “Rich Dad’s Guide to Investing” and I can say that I view wealth and money differently. What people need to realize is that reading RDPD is NOT the only way to get rich, nor do you HAVE to get rich after reading this book. Not everyone wants to quit their jobs simply because they love it, but some people do struggle financially. Some of you said that this is recycled information being sold again, SO WHAT?! I never heard of these recycled ways of thinking. Robert says that money is just an idea, having too much money can be a problem and won’t solve any financially troubles you currently have if you don’t know how to manage it, and financial education as well as other forms of education are life long.

He also says that you don’t have to follow what he did to get rich. In fact, I would HATE to do some of the stuff he did. He worked for Xerox as a sales rep to gain some sales skills, he also joined the military to gain control of himself. But he does suggest to learn how to read financial statements so you can see what the business or investment numbers tell you. Most people would hate to read financial statements, read new tax laws, new money laws, and they would also hate to take accounting courses or read about accounting not knowing that doing those things can benefit their financial life.

I’m pretty sure I have more to say but it would be too long of a post, so I will just say that wealth and money is just a state of mind. For me, wealth is being financially free allowing me more time to do the things I want. This could be traveling, creating charities, etc. It’s not about having fancy cars and big houses, that’s just a side effect. Wealth, for me, is being happy and free. It would be a good idea (as most of these people did) to seek information in your area of interest just like Robert says. RDPD is not the end all be all of motivational and financial advice.

I hope this helps.

Again, just because you read RDPD does not mean you have to quit your job and start investing. If you’re a computer programmer and love what you do, but would love to make a bit more money on the side, you can do that. Robert is just opening your mind as to what investing, business and money is. Going back to the “money is just an idea” line that Rich Dad told Robert (supposedly), If you read a finance book by entreprenuers, investors, or whatever, you read philisophical ideas along with investment suggestions. If you read a book like RDPD just for financial information, you’re not going anywhere. Making your own money means more responsibilities on your part by being professional on investment or business meetings.

“Is Robert Kiyosaki a fraud?”

I can’t believe all the whining here.

If you made so much money prior to reading his book, why then did you feel compelled to read it

Rich Dad makes you think and learn about “money” and he is dead on about that “not” being taught in college

It is a great way to start your children thinking differently about money. How can that be bad

Where’s your book of advise? – will you use “fictional” examples in your book, much like millions of books already in print

Robert Kiyosaki’s net worth is supported by gullible, idiot, American’s who fall for his shtick. He made most of his money off you people and will continue to make money because people, especially men, overestimate their investment prowess and financial knowledge. Kudos to Kiyosaki for finding a lucrative market for his “ideas”. I never see him @ Sun Valley during the elephant bumping sessions though. If he were REALLY rich, he would be there, but alas, he spends his time with comb-over boy, read Donald Trump, hawking on late night television, PBS – which has officially lost MAJOR credibility by having him on, and on Yahoo! Finance as an “expert”. No wonder Google handed Yahoo! its a$$. They can’t even find a credible guru for the finance section. Nevertheless, it was smart of them, Yahoo! that is, to keep him on as a columnist. The traffic he creates to the finance section is laudable. But, there is hope for the rest of us, when he dies, and hopefully at his age pancreatic and/or prostate cancer is right around the bend, then we will get to see how much he was really worth. And I have sinking feeling that “rich dad” will be revealed to be a fraud and you suckers will know you were taken by the huckster of century!

I completely disagree with this.. Mr.Robert shown the way for a common man to achieve his dreams… thank you Mr.Robert

h, by the way…. you may like Reed or not. but let´s see:

- John Reed: west Point graduate + Harvard MBA
- Robert Bastardsaki: sez to read Trumps bookz. LOL!

I d rather go for a guy trained in one of the top 10 universities of the world that listening to a gravy-dyed-hair-chinese.

Well only if you actually tried doing what he says and attending his trainings then you should be the only one having something to say about him. I went to the trainings and if you change your way of thinking which is very very very hard and think business and investor the left side of the quadrant the information you recieve is in fact true and isn’t hard to apply. Yea you make a lot of money but your still being educated because of what you know after the training that you didn’t know before. The fee he does charge is earned back in no time. Its worth it!

Rich Dad, Poor Dad is truly a litmus test of financial literacy/savvy. I read it about seven years ago and it did exactly one good thing for me: it inspired me to begin thinking seriously about my personal finances.

However, looking back on my life experience since reading Rich Dad/Poor Dad, I can say definitively that there is almost nothing in that book that bears any resemblance to truth or the way that life works.

1. I am a successful business owner. With the exception of three months after I graduated college, I have never earned a salaried paycheck. RK would be proud of me. I have no 401k.

While RK makes this out to be the holy grail, in fact it is a very difficult way of life that is NOT for everybody.

There are also significant financial drawbacks. My health insurance premiums are 40% higher than friends who collect a paycheck. Many of them also get 401(k) contributions matched by their employer which is essentially free money that a business owner can’t get.

Far from being able to retire on passive income, most business owners I know work longer hours than even the most dedicated employee. When everything is ultimately your responsibility, you often cannot rest.

In my business, I interface directly with quite a number of CEOs of highly successful companies. None are retiring on “passive” income staying with the business. The ones who’ve retired have sold their companies. Selling even a successful business for enough money to retire comfortably at a young age (or any age) is very rare and very hard to do.

2. Kiyosaki’s blanket statements about investing are almost universally wrong and often dangerous to boot. Virtually all of author John T. Reed’s factual criticisms of Kiyosaki are accurate in this respect.

3. Kiyosaki’s musings on the stock market, inflation, etc. are truly laughable to anyone with any decent experience on these subjects. Don’t believe me? Take Robert’s advice— educate yourself! Just for fun, read about investing from someone other than Kiyosaki— try someone who has made it big and opened the doors and windows so all can see how he/she got there. Read Warren Buffett, Charlie Munger, etc. You will come to see that I am right.

4. A final word about education:

a. A solid, liberal arts education is not designed to make you the highest earner you can be. It is designed to expose you to a wide breadth of thought so that you can learn to think independently and develop mental models of how the world works in different ways. This will help you to be more successful in many ways in your life. Financial success is just one byproduct.

b. Those that think that Kiyosaki’s seminars are a great value because they “change the way you think” and that they’ll soon make all that money back are so deluded that it’s questionable whether ANY kind of education will help them.

Anyone who spends $10k plus learning how to make money clearly needs their head examined. Here’s some free advice from someone who interfaces daily with some of the wealthiest citizens on the West Coast: Most wealthy people are EXTREMELY thrifty. Yes, they can (and sometimes do) spend huge amounts of money, but they are, almost to a person, keen judges of VALUE. They would never spend a penny on anything unless they had a clear and concrete idea of exactly what VALUE they are getting out of it. They would consider Kiyosaki’s seminars a blind act of faith with their money, and the would never go.

To those who have attended these seminars, have you truly received value from them? What was it? And don’t tell me that it changed your thinking. That’s what any good salesman will do. What CONCRETE value did you get? Was it really worth the price? The best financial advice I’ve gotten has all been free. Want to really learn about business? Go to the Berkshire Hathaway website and read Buffett’s letters in the annual reports. You’ll learn more there than Kiyosaki could teach you in a lifetime.