My experience at Rich Dad Education

By
Real Estate Agent with Realty Executives

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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Anonymous #98
Anonymous
Daisy

me and my husband just finished our 3 days basic training sunday. $199, it was
very informative and we love our teacher LEE ESCOBAR. he is so smart
yes I did not care too much about all that OH YAH and pressure or talks
about the advance clas which took a lot of time... however I understand it
is just part of the business.

we did learn a lot from the class
some tricks we can really put into practice. and to me $199 is well worth it!!!

NO I do not believe it is possible to learn everything in3 days.

we really would like to start with just wholesaling. but the package they
had is for 18K for just this one class and one manditory one that our
teacher has put together recent year
that was a turn off for me, I feel like I did not have a lot of options.

so we decided to sign up for 4 class package which is 20K. that is a lot of
$$
but that is really not the real issue

coming monday I went to Tigrent.com and checked the class schedule that is
when I mad the decision to cancel. there will not be an on site wholesale
class unitl after sept of this year. (the schedule only list up to sep 24th.)
I really want to learn now. and the on demand is ok but I rather have it
after  first on site class... I want to watch online after I already done the on site class

so we decided to send the cancel form within the 3 days.

and we are going to get the recommanded book from others and start now...

will I think of more training down the RD for sure, but now I just do not
see that happening.

February 14, 2012 12:25 PM
Anonymous #99
Anonymous
Tee

Thank you for your post on the Rich Dad Education three day course. I am currently attending a class in Atlanta and find it very insightful. As with any form of advanced education it cost! The difference is instead of you buying a "JOB" you're buying Financial Freedom. Also it cost much less than a traditional 4 year college.  Again, Thank You!!

February 24, 2012 09:14 PM
Anonymous
Arik

The Rich Dad Company doesn't deal with scams, nor are they a scam company. A real money-making scam ALWAYS involves a "Pre-Made System", developed by the scammers. That System always promises that you'll make money in a short amount of time, you'll get rich, and it's all GUARANTEED. Rich Dad, on the other hand, has no "system"; nor do they guarantee ANYTHING. They only offer information. Giving information is never a scam, even if the information is bad. However, regarding "bad" information, that's what the SEC is for, and they are indeed strictly regulated by the SEC, as they should be. So, personally, I respect the Rich Dad company for having the balls to stand up to the SEC with their knowledge of what information to give to the public, and what not to give. If you have read any of Robert Kiyosaki's original three books, you would know the power the SEC has for protecting the public against "wannabe" high risk investors.

As far as my Rich Dad experience, I enjoyed their 3-day Real Estate Basic Training Seminar. I look at it as one of many, MANY resources I'll pull from on my quest to become wealthy and fulfill my dreams. That is the attitude we should all have. As far as the prices of their Advanced Training, all I have to say is this- if I had the money, I'd be the first one to sign up.

April 23, 2012 09:12 PM
Anonymous
jim

I believe I completely threw $40,000 away

Not only that - I withdrew the money from my 401(k) at the recruiter's recommendation "that it would all be a write off"

It was not a write off because I didn't do any business in 2012 - therefore, I am out the $40k, and the extra income was taxed, penalized 10%, AND pushed me into the next higher tax bracket - raising my taxes. So I've no ROI after 6 months of heavy marketing and talking to non-motivated sellers, and I have a hefty, unexpected tax bill for 2012.

I am going to continue to learn how to invest in real estate, but how i wish I had done some due dilligence before I gave RD all that money - basically for nothing.

 

February 02, 2013 04:29 AM
Anonymous
Mark

Hi

Just took the 3-day course. Very good information and I knew going in that the sell was coming. It's not brain surgery to know that there will be a selling component. Price does seem steep. But Nora, has your friend done the Advanced Training yet? Or has anyone done any of the advanced training?

Was thinking about doing it, but still a bit unsure. Sio anyone here have anything to say about Advanced Training?

February 18, 2013 12:40 PM
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Rainer
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Nora Adkins

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