I’m always open to learning financial gain, so I’m constantly reading investments books. Whether it be real estate, paper investments, or just learning to control finances to for wealth, I’m usually pretty open to new sources of knowledge. I’ve read a few Rich Dad, Poor Dad series of books. All of them an easy read, but always filled with mostly the same common knowledge and cliches repeated over and over durning the book with a few new nuggets of knowledge with each book. The books are always vague and never give any details on how to obtain this wealth. I just figured that more education and experience were needed and the book was just an overview.
I signed up for a Rich Dad Real Estate Investing 3 day Seminar which I had to postpone due to re-locating which had to happen that weekend. This is how they got my phone number. After I missed the seminar, a month later I receive a phone call from a Rich Dad employee. Now pay attention because this is what is good. The way they design the selling process makes it feel selective.
- A Rich Dad employee calls me and asks me a few preliminary questions. Using phrases like, “very selective”, “not everyone qualifies”, “see if it’s the right time in your life”, “time is of the essense, limited availability”. She even asked me to write down some questions to help prepare for a coaching director’s interview. This was all smart because it makes me feel special should I be selected by them because I’m ready to be financially successful. I asked directly, “Is this another service that you would like to offer or sell to me?”. The response was, “No”.
- The follow up interview. The rich dad coaching director calls and says that she needs to interview and verify it’s a good fit (as if). She asks about current financial well being. Asks about our current savings and investments. We (me and my wife) ignorantly answer these questions thinking the concern is actually our financial readiness. She asks about our credit cards and the limits on them and the debt on them. Again my wife and I think it’s about helping our financial well-being.
- She asks about our area of interest for investing, real estate or paper. She asks about whether we would like to know more about leveraging credit to work for us. We answer yes. She touches on using credit cards to our advantage. At this moment I stopped her, and asked, “I was led to believe that it was unwise to use credit cards at such a high interest rate. Aren’t there better forms of leverage to use?”. The answer was, “credit cards are a fantastic way to leverage other people’s money. This is what Robert Kyosaki talks about. Using other people’s money”.
- The saleswoman, I mean coaching director, starts asking sales questions like are you ready to commit. Would you be able to dedicate 7-10 hours per week? We in turn answer an un-enthusiastic, “yes”. At this point I’m waiting for a price and want to know.
- She asks us to write down some commitments. Some they have for us, and some that we must make for them. One was the hours required. I forget two at the moment, because three is where we stopped. The third commitment required from us was the tuition. $5K. She asked if we could afford to pay, upfront, today, before we hung up. Without hesitation it we both replied, “No”. Of course we were met with, “why”, and she brought up repeating my own words, “Now Buck, when talking about your savings you said you had enough $x numbers of dollars. WHAM!!! It all came rushing toward me. This women was in no way interested in my financial ability to be compatible or my financial thinking to be successful for this program, but only feeling me out for the ability to pay. I made mention of this and immediately she went on the deffensive, and quickly the offensive. She started to passive-aggressively insult us. Saying things like, “You’re just procrastinating”. You’ll never be successful with that attitude.
I told her I would never pay $5k for something that I have only heard about for 15 minutes. “That wouldn’t be doing my due diligence”, I told her. My wife repeated that Robert Kyosaki wouldn’t make a deal like that. The saleswoman (she no longer needs the title of “coaching director” at this point) asks if the kind of help and teaching would be worth it, comparing tuition to college. I said of course, but like choosing a college, research is put in before dropping any cash. She asked, “You don’t trust Rich Dad”? My wife and I quickly replied, “NO!”. She asked, “Why not?”. I said, “Trust is earned”.
She was starting to get insulting and I had enough. I told her It doesn’t matter, I would not invest that much cash without research from an unbiased party. She continued on and told us that we were not at the right place in our life for this commitment. This from a woman that had repeatedly told us that we were ready (until she found out we were unwilling to pay). She even tried a slight bit of pressure in the end when I said I would reconsider after some research. She told me the whole interview process would start over. Yea right, if I called and said I’m ready to sign up and here is my credit card number, that would be all that it takes.
This whole process was a bit annoying and could have been avoided had they not lied about my initial question, “Is this another service you are offering or selling?”. All in all very sneaky. Trying to convince me that credit cards were a good way to leverage credit. Finding our credit card limits to find out if we could pay. These were great ways to feel out a potential customer.
Some helpful links
- http://www.realestatecoursereviews.com/review/index2.php?item_id=18
- http://richdad.tribe.net/thread/ef29e444-27fc-4e10-9391-d42c94de9670
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{ 40 comments… read them below or add one }
Ah-HA!! Just what I thought I was in for tomorrow on my “coaching interview”. I went through something exactly like that with a Joe Vitale interview.
Think I’ll call and cancel.
Kate
That is exactly what happened to me yesterday and it was extremely disappointing to think that Robert would condone such practices. The lady I talked to was extremely manipulative and used all the standard cliche taboo tactics of the sales process. I was really excited and ready to pay but wanted to let all the new info settle for a few days first. I was quoted 6200 dollars for my coaching. She tried to make me feel guilty for saying that if I felt the program was a good match for me I would be willing to start today and at the end saying I wanted to think about the decision more. She told me I wasn’t being true to my agreement and that she questioned my integrity throughout the whole interview. Unbelievable!!!!
I was really turned off by rich dad’s products after this. I think it’s time to move on to more than just an amway salesman anyways. Most of his books are always so vague and repeat the same cliches over and over anyways, I was starting to get tired of it. This was just the nail in the coffin.
So I went to a rich dad seminar last months and yesterday I had that exact same interview with a guy named Jeff. He made me feel special that there was a limited space, he wanted to make sure we would be a good match, asked me about my credit card limit and so on with the same basic style you mentioned. We set up for an “Interview” for today, and I was all excited for it.
Last night I told my dad about and he was telling me that it seemed strange that they were trying become my “friend” so early on and that money was probably the big motivator. Of course I didn’t want to believe him but then I decided to look online and see what kind of experiences people have had.
I was very disappointing to come across so many blogs and reviews such as this one. I found very little positive feedback from the rich dad programs, and found outrages pricing for those programs. Some one even said they spent $30k on their programs and learned almost nothing! (not sure if that was true but i found a few like that.)
After reading these review I decided that I just wasn’t going to even pick up the phone when Jeff called because I didn’t want to be talked into a deal.
I didn’t know if I made the right decision but I feel it was the best one after reading all these negative reviews about the coaching.
Thank you for your story it may have saved me quite a bit of money.
Why were u so angry with her…a simple no thanks is good enough I believe in Roberts book he states that he made good deals and bad deals…meaning the coaching may work for you or maybe it won’t but you have to start somewhere and they quoted me 1400 not 5000…so why didn’t you ask if they had something more affordable…even if the coaching didn’t work for me bottom line is it’s money and I will surely make it back bad economy or good economy because I have excellent spending habits
. I think this is why they have the interview to screen people like you out why give a negative review for a course or coaching you’ve NEVER had if it’s not for you move on.
I was angry with the under handed sales tactics and the outright lie to my question, “Is this another product or service you’re offering?”. I didn’t, anywhere in the post, review the actual service they are offering, nor was it simply a matter of money.
I came to this webpage to find out about whether Rich Dad coaching works or not, not about rough salespeople.
I just got off the phone today after having the “interview”. Not a good sign when the coach/coaching company is making me feel guilty for not signing up the same day. Not very encouraged by the underhanded tactics including guilt and pressure tactics (and after all that say that he wasnt pressuring me to sign up) of that person and definitely does not buy confidence and allow rapport to grow.
Some ppl have to take time to prepare and get into it especially when they are quoted 6k for a course/program. I would have signed on if they actually were understanding towards me with regards to me just taking a few days to let things settle and to digest the info…
I think I’ll stick to the books and CDs for now and learn off some of my older friends in the business. Very disheartening. the fact of the matter is…if this is the sort of business practises that they are practising…i don’t have very much confidence in the product…period!! who knows what other underground tactics they will pull on you once you sign up…just my 2 cents
Thank you for everyone’s comments. I’m in a lot of pain right now. My husband is going through the Rich Dad coaching and paid $10,000! This of course was without my prior knowledge. Now there is 3 in this marriage. I checked with the BBB and their on 13 complaints against Rich Dad seminars in Utah where my husband’s coach is from. I will continue to do research on this and network around this country to educate people not to fall victim!
I share the same disappointment as the rest of you. They really use sneaky tactics. They think there techniques are smart, but actually it is because of those techniques that I became defensive and decided not to move forward. They try to make you feel that you cannot succeed without them and use passive aggressive strategies. I am glad I didn’t pay the $5,700 bucks.
the same interview happened to me 3 days ago! the program director was very insulting when i didnt sign up for the program.
More of the same. Although I was lucky enough to only last 5 minutes with the “program director”. Before we started I asked a few questions and he was extrememly irritated and defensive. He would not answer any of my simple questions. He would just reply with a question. At that point I knew this was just a sales gimic. RK should be ashamed of running such a business!!
Wow.
SO many of us out there who almost got conned. Guess what this guy from Rich dad’s coaching offered me a discounted price after knowing my account and CC put together has about $115. He said Robert authorized him to offer me the course at $99 however it was for selected people only who had exceptional zeal. How did he figure my exceptional zeal in ten minutes remains a mystery
This is Mr. Kyosaki’s brand. Its not him. Its just sales people making a buck off his brand. I don’t understand how that the price of the program varies from 1400 to 10k?
His intentions seem well,from what I read, but as for any of these wealth seminars the information that they are pedalling can be found at any Barnes and Noble for about 15 to 40 dollars. Granted the reading takes longer, but the answers are there. They are selling on peoples emotions. It really suprises me that people don’t listen to RK’s message more he tells people the right and correct way achieve riches and talks about mindsets of the rich. People who think they can pay any company to tell them things that will make them rich seems ludicris to me. I think the right thing for you to do is just like RK preaches. 1.Get control of yourself 2.Set goals 3.act in a manner to achieve them and as you are going educate yourself. As far as coaches go you’ll be better off finding your own than paying one from someone who recomended you get a coach. Thats called a conflict of interest.
~Good luck in your endevors
These comments have been very interesting since I’ve just had the first (short) interview. I actually applied through the website because I’m looking for coach (books are great but they don’t give you accountability and advice).
During the interview I did notice a lot of limited spaces, correct for you, and although that may have been genuine others have tried to sell me courses with those exact same words and it always makes me suspicious now.
I haven’t quite decided on whether to go for the hour interview yet but I’m leaning towards no.
If you can’t get (or don’t want) a personal coach there are groups out there that can be very good.
Some of us from a wealth conference (about 10 of us ) formed a mastermind group based on property and through reading, goal setting and holding each other accountable we were all successful in property.
However now I’ve moved country and I haven’t (yet) found people with the same interests locally….
Thanks to everyone who contributed and I think I just made up my mind
The Rich Dad Coaching is expensive! Has anyone made money using the Rich Dad coach. I would like to know the experiences of using a Rich DAD coach before I invest in one!
I am from Hong Kong. Nice to meet you guys.
I registered in the Richdad coaching homepage and I got a phone call from them in the next day. I was so excited to receive the call but then I find out that they are trying to sell an expensive coaching services.
I just ended a phone interview with just 15 mins, which is scheduled for 1 hr before, because I say I can’t afford USD 6299…..
i just have to say that all of you who are willing to spend thousands of dollars in to any seminar about “wealth” does not deserve to have “wealth”. i am a big rich dad fan…i have many of his books and find them to be priceless. if you understand anything about this guy is this. “be financially intelligent” i would have taken those 10k or 5k or 500 dollars and put them to work right away. people, we live in a world where sharks are everything trying to get your money, you can be the tuna fish and give it to them…. Every one here is happy they dodge a bullet, but the trap is set for you to fall again. and again, and again, every time you step out side your house…but times has change..its all in the internet… be intelligent with your money and the people you give it to. this program mey work for some and be terrible for others…. but the investment starts in you..i hate when people think that by going to a “wealth” or “get rich” seminar that they actually will be the next bill gates …the only person getting rich is the guy who’s hosting it..waiting around for people with now clue on what to do…and then after the seminar is over..now what? its all up to you….read books and talk to people…but dont put all your eggs in one basket.. think a seminar is going to make you rich…YOU can make YOU rich… it does concern me that people are having such terrible experience with something RK put his name onto.. i encourage people to read some of his books with details and i bet those are the best 15 bucks you will ever spend…and after soooo many books filled with information you still need a “couch” im sorry friend , but maybe you are better of where you are.
Not nice Brid, people who have never been exposed to being being an entrepreneur are just trying to learn, don’t bash them for that! Funny I heard the exact pitch on the stock market side. I returned their calls to learn about their class and they spent the entire 20 minutes asking me personal questions. They never tell you their qualifications or success ratios or about satisfied customers. I went to their $500 class which was very good but they spent too much time trying to sell the 5k classes, and again no credentials.
I just attended the $500/seminar and got 30% good info with 70% upselling to the advanced courses. I really felt bad for one guy who opted out of the advanced courses but the stuck the “main” instructor/salesman on him and he ended up with a VIP sticker on his jacket (i.e. he gave in and paid for the courses). I overheard them tell him to repeat…”I give myself permission to___” I couldn’t hear the last word. But, they lost me with increasing the credit cards to pay for advanced courses, not wanting students to “network” that weekend, actually having us change tables so we wouldn’t get to comfortable with each other. They also hinted that we should take out a line of equity loan on our house. Also, use the credit cards or other methods, without our spouse’s knowledge as it’s ok to do so “for the right reason”. Of all the success stories they gave, they have NEVER given one of a student who has done well for more than a year and who absolutely “praises” the advanced courses. I wonder why? One studen he discussed bought a mobile home, which generally is rented out seasonally, but it recently got a year lease. The person bought it for $20K and rent is $700/mo. Ok, so “if” the person keeps it for over two years, the mobile home will be paid off. But note: it normally is rented out seasonally. Nothing wrong with that story at all BUT, if that’s one of the better success stories, then it’s pretty sad. Another student was excited that they bought their “first” home. He got the sellers to bring it down to $107K from $112K. Again, why is that a success story which would prompt me to spend $5K to $65K on their advaced courses. NOTE: I just finished the $500/weekend and you saw right. The advanced courses range from $5K (for like one advanced course, the software and RichU) to $65K for tons of advanced courses, the software, etc. Many folks signed up on their credit cards, got to put on a VIP sticker and the class clapped for them. I really hope it works for them but I was not motivated by the success stories they told us. I would really like to hear from someone who HAS done well after taking the advanced courses. I know what you get from education is up to you but has anyone felt better prepared from the advanced courses and did they have a great mentor experience. One more thing, they did discuss the “big” deals they have done (at least the instructor). Well, if you make oh so much money and it really takes minimal time and you can spend more time with your family…why would you take an entire weekend away from your family/home on a recurring basis to “teach” – unless you’re getting a cut of the sales (um advanced classes). The instructor told us he does get paid well for teaching – I’m sure he does!!!
Ok, here is my input. I just attended the 3-day How to Start and Grow A Business. Wow, talk about a high pressure sales event. Here is the scoop. The presenter was obvioulsy a great salesman since he quit his $300K job from the auto-industry. I imagine he was a great salesman. He did some real-estate investing initially with education from another source. He did say he took some of the courses that RD offered.
Here is the sell. The weekend was filled with what I call teasers and he would say, the ADVANCED COURSE go more in-depth and details. Everyone was excited until Saturday evening about 4PM when he laid the prices of the Advanced courses (from $6K to $34K plus other misc costs).
He was suggesting for people to call their credit card companies to increase the limit and then suggested charging on one or several cards and then moving them around as needed to avoid the interest charges. This was creative financing.
I was excited and did a lot of talking to GOD that night but I did not take my card to the event. My thought is that I would not make a quick decision for $25K just like that. The money was not the issues since I have it, but I had somelse to consult with before I made that jump. they still wanted me to put a deposit on a class and then I could change it later but there was no refund after 3-days.
Here is the kicker. I told them I would call back in a few days and enroll if everything was ok, they then proceeded to tell me that discounted price was only good during this event and I would not be offered it again. Wow, talk about pressure! It was now or never. I declined the offer.
I do need specialized education and have a desire to learn but this was a big turn off. I did do some research on the Internet and found some of the materials freely available. I am inclined to hire my own mentor who has a proven track record and pay him $5k-$10K for his services. Their mentors cost about 12K-$14K for 3-days which is almost half of the package price.
RD is just re-packaging information that was developed and pitched by others. He is just doing it better and marketing it as specialized education for new real-estate changes
One other thing I was not impressed the mentors that were there helping out because they were new and did say that RD did paid them well for the seminars.
The bottom line is this. I am not going to say anything bad because regardless on how you get the specialized knowledge just make sure it is what you need and you make it work.
H
Just about to expand my own coaching business using the techniques in the book and the mindset. I’m based in the UK and just had the first call (interview). I was out walking my dog when I got the call (8pm) so couldn’t check. Came back all excited about the interview on Monday and then read this blog after looking for research into the company.
As a coach myself I find it disheartening that a company which sells the idea of financial freedom use basic pressure selling to people. Your dreams can be realised for a lot less money and with the right focus you can make anything happen. Just don’t give you money away to cowboy coaches… Very disappointed with the approach and I will cancel my appointment now.
Thanks to those who offered advise.
hi,
i am a great fan of roberts books, and perhaps his older videos (pre rich dad poor dad) where he seemed to be concerned about people.
the last dvd, live in new york was a very arrogant and a different robert. maybe he needs a new healthy dad now to make him get back in shape
next we will have fitdadfatdad hahaha
ok, going to coaching, i went through the same process of being sold to. the nlp yes technique and also it was quite sad that they sell so hard.
i cant imagine some one from the chopra academy selling you this way.
something to think about, if your books sell through word of mouth, why not fire those heavily paid sales staff and rather focus on bettering your products and training.
I’m a nineteen year old from Vancouver, B.C. and I just got off the phone with Robert, one of the program directors for Kiyosaki’s Rich Dad Coaching Program. They quoted me at 2650$ CDN, for 6 weeks of *stage1* training and then 10 months of *stage 2* training. They offered me three ways of paying since I am currently a student with a part-time job and not a considerable amount of income. Either I could pay the full bulk amount at once and receive a 100$ discount, pay it in halves, or in thirds. I was starting to get the feeling that he was getting impatient with me once I told him that I needed to discuss the matter with my family first, and he quickly tried to get me off the phone as soon as possible.
I was told that I would receive around an hour on the phone during the interview, but it barely lasted 20 minutes before he said “I have to call a guy in Poland now,” However he kept insisting that he had signed up a lot of young people, even younger than I who had become *successful* within five months. Somehow I think we would all be better off finding good blogs such as this or forum boards where we could discuss financially related topics and coach ourselves. Hopefully we would have some experts hanging around offering good free advice from the goodness of their hearts, instead of slick sales people trying to siphon the money out of our wallets. Honestly though, I don’t blame them, it is a business, and they need to recruit people to keep their jobs, however in my case I believe the amount I have to pay is far to excessive, and I think i’ll continue to read up more by myself until better opportunities arise.
If any of you have any good ideas to share to the rest of us, please do so, I really appreciate all of your feedback on this blog and I learned a lot about the program before I had a chance to be sharked in without considering it. I hope my comment helps somebody as well out here, cheers!
Also an invaluable way to learn is to go through other people’s blogs and learn from their experiences and mistakes. I myself am trying to start a financial blog, one to teach myself through researching and writing, and secondly to promote good ideas to everyone else.
I attended the $500 seminar this weekend. I enjoyed the non-sales pitch part of it. I see a lot of people here that are glad they didn’t take the course. Does anyone know of anyone who HAS taken the course? I don’t see anyone that is angry, dissatisfied or happy and rich after taking the course. In fact, I see no responses from anyone who has actually taken the next level ($10k+) courses.
Anyone actually taken the $5k-$10k courses?
It all has to do with commission.
There is a base price that the company gets and anything above it, they get.
I knew this just after I signed up (lesson 1: Don’t always assume people have your best interests in mind. Lesson 2: Negation skills are a must)
The way she originally approached our conversation was trying to get a feel for my financial situation (now, I better understand the underlying motive)
I assumed it was sincere, but knew there was a sales pitch coming (though, I had already sold myself based on Robert’s books/videos I had been researching)
Learning more excited me and continues to despite this aggravating lesson.
I just didn’t suspect her personal motive of commission at the time we were speaking.
So, why didn’t I cancel the membership the next day?
Quite simply, ignorant hope.
Since, I have been studying vigorously and talking to all my friends about the program.
One I spoke with said he too had joined last year.
Then, indicated he had paid $2500.
So, what did I pay the extra $2300 for???
The bitch’s commission.
As I have said, I knew the commission was there…just not that great of a difference (and I suspect people have been signed for even lower)
Back to what I get for the extra: Among other red flags I have encountered, I got a coach that quit the company on my 3rd week of training.
Granted his reasons were probably legitimate health concerns and I’m not judging him.
But, what does that do to me?
Answer: Causes my progress to back-track!
3 months now into the program, I am finding out my current coach will not call on the basis I am used to…
Overall the sales pitch leaches off people’s emotion without regard to ethical responsibility.
Personally, I am disgusted and Robert should be aware of how the program serves to tarnish his name!
At this point, I have a few suggestions:
1) Report them to the BBB
2.)There is a website called Planetfeedback.com which will amplify the voices of those who have been ripped off
3.)The sales woman everyone is complaining about is: Kathryn Zepeda and her e-mail is: kzepeda {at} personalcoaching(.)com
Write directly and tell her what you think of the underhanded ethics
4.)Inform others so they will not be a victim
5.)Create a short youtube video about your experience
If anyone else has suggestions, I would like to hear them.
Hope this helps awareness,
JK
Thanks for all of your inputs. You wonderful people just saved me some heartache and not to mention MONEY!!!!!! and time. I would like to see if I can get my $267.00 dollars back for half down payment on seminar. If any one knows how to, PLEASE let me know. I could use that money for my house note. Someone should put a stop to this scam.
THANKS AGAIN
Julie
I inquired about these courses directly with the Arizona Head Office to see if they could help me with my ‘Seniorpreneur Project’. One screening administrator, the necessary step before getting to talk to a Coach asked me what this Project was about. I said that my mission was to empower Seniors (60 Plus) to become Entrepreneurs. You know once all the Boomers retire they will be looking for something meaningful to do or work on to be productive and creative in their retirement life.
The administrator went on to mention some possible generic courses (modules) I could take at around $6,000.00 each. I told him that I already have a University business education and I have already taken those courses he mentioned but in a University setting. Instead of trying to specifically help me with my project he repeated the same general courses that I already had or that we proved to be useless for me. Bottom line is there is very little chance that most people would get directly needed help.
Joe Wasylyk
Seniorpreneur
I was so glad that I told them I have to check with my credit company before making the decision. Thought I would do some of my own research. The interview tachniques they have been using are too pushing. The quote they gave me was $2985. Pretty sure, after knowing all my financial abilities, they came up with this number. And same as everyone else, they have asked me to put it under my credit cards.. and two of them. This is what they called OP power, but I still need to pay it back after 30days. It is going to be the same result. And I live in Australia, this sounds a bit like a trap. Thank You Very Much eveyone for providing your comments.
One thing I don’t understand, so many people think that all those programs are a scheme, but poor Robert Kiyosaki doesn’t know that his name is on the line here…
Wake up people, Robert Kiyosaki knows about everything, he created the system! It started with his books – do you really need 18 books (and counting) to tell someone “you should be rich” without actually teaching how to become rich (only some very vague concepts about money) and now all those seminars. Another way to make money for Robert!
He is the only one who is getting richer on all of that…
I also have had an experience with those programs, not going to get into details, but in short, yes, they work (to a degree) and they do provide useful information, but this information is not as good as advertised, and highly overpriced even considering the bargain price you might get.
And the “mentors” are not better than any other investor you can meet in the industry and talk with if you buy them a lunch.
Everything everyone has written here has been true for me as well.
I received a call from a very pushy and rude salesperson from the coaching office – or whatever it is they like to call it.
I also got an insult when I said I wanted some time to think about it.
The salesperson got angry, almost sputtering from frustration that I wouldnt allow his assertive sales pitch move me to action.
When I said I wanted a few days to let it sink in – he applied on me the “take away” – a sales technique that lets the sales person tell the potential client – that the would-be client is not worthy and/or will not a good fit for the program anyway.
If it works – the potential client should either be embarassed enough into action, or the client will get his ego up in a gander – and just to prove that he is worthy – will sign up.
“Lets part as friends…” is what he said.
Hey! I recognize that sales tactic…..
Too much sales training in my career has made me recognize all sales approaches and tactics. And getting passed the “pre-interview” is a battle unto itself.
I am so disappointed that because of the front line salespeople’s lousy sales training technique, it has actually failed in getting more people to sign up for the coaching program -
Therefore – I still dont know if the coaching program was/is any good anyway…..
What people need to remember is that Robert never stops making money. He never knows when his other investments will not be profitable(if they really are), so “people” are just another method of cash flow. If he can get you to pay $5,000 then he has shown that he is smarter than you.
I must agree, this is a TOTAL waste of money and sales pitch. I wrote a small article on how they do it here: http://www.parodybox.com/forums/6-general-discussion/38-rich-dad-poor-dadthe-dad-that-will-try-and-steal-your-money#38
Its the psychology behind them.
The coaching would have cost me &7,500, It seems they ask these questions to determine how much they should ask you to pay. Of course, I declined to buy their coaching. For one, they never really tell you what the coaching consists of. I wonder why?
We had the same experience on 01 July. Got a call on the 29th June, caught me off guard, and interupted the spain vs. portugal fifa world cup soccer game I was watching. Timing people, timing. Said I had been “specially selected” and will call back the next night. Said no, made it for Thursday night. He said I needed to answer certain questions to think and prepare myself. I read over them and said I wanted my partner to be involved. Mitchell wasn’t too happy and said mentoring was one-on-one, not done with partners but agreed to both of us being on speaker phone. Went through the IDENTICAL speech and when we said we needed time to think about the $5 399 (R43 000) he got very aggressive. He never raised his voice, never shouted but was extremely verbally abusive from a passive-aggressive perspective – nothing to think about, we had time to do our research (excuse me but what do we research when we don’t know what we’re being sold?), you’re obviously not ready, you’re not worthy to be on this programme, limited space, he’s withdrawing the offer, we said we had the money, it’s on our credit cards and on our bond and now we’re saying we don’t have it, it’s good debt not bad debt, we agreed to make a decision at the beginning of the call, we’ll make the money back in less than 6 months, we’re procrastinators, this is why we’re not wealthy, wealthy people make decisions now and don’t wait a day to make an investment decision (we did remind him it was 11pm at night and the JSE is closed and no-one makes deals at that time of the night but he just kept reeling at us), we can pay half now, the remainder over the next 2 months – this is when it just disintegrated and we knew it was a load of nonsense. He told us to trust our gut and we told him our gut is saying no and we don’t think Robert K would be using these selling techniques and aggressiveness. He said he was just being “firm”. Something he never asked was what professions we’re in and our level of education…we’re both degreed and both have professional jobs. We’re comfortable but want to be rich and work less and earn more. Who doesn’t! but we’re not suckers and we could see through his BS as soon as money was mentioned. Sad thing for him is that if he had been amiable and agreed to let us think over it for a day we would never have looked for and found this website and there was about a 90% chance we would have signed up. Next time they should check education and intelligence and drop the aggressiveness and they may be able to hook a lot more suckers! We might live in South Africa but when the USA sneezed the rest of the world, including us, caught a (financial) cold.
Houses are quite expensive and not everyone can buy it. Nevertheless, home loans was created to aid people in such kind of situations.
After reading the Cashflow Quadrant I decided to call to find out about their coaching program. The salesperson, Alicia, after asking a bunch a questions said that I was qualified to go to the next level. I asked what that was and she said more questions. the light should have gone on in my head when she asked if I can make a decision without my husband input.
The program Manager called, Kory, i Nevada started to ask a bunch a “qualifying” questions. It was a real pressure call to make a decision by the end of the call. He mentioned that I can use my cc to pay for the program. He quoted $8200 (paid in 3 increments) for a one year coaching which consists of 20, half hour coaching plus developing a business plan. Another light blub should have gone into my head when he did not offer information that I can change my mind in 3 days of receiving the information package. After uneasily giving him my cc information I decided to research the program and found this website. I have emailed he that I am not ready to participate in the program at this time. I will cancel my cc tomorrow to ensure that they do not charge me. Overall I am disappointed that they would not allow me to take time to make a decision and I am disappointed that I fell for the sale pitch.
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Fortunately ‘financial education’ is an on going process not some short-term ‘miracle cloth’ process or some parking meter telling you the time has expired, and you well need to put some more ‘thousands of dollars’ in the meter to continue. Listen, with all the ‘ponzi schemes’ that are going on now it’s ‘buyer beware’ because in this economic meltdown all they care about is getting your money and as fast as possible.
By the way in the last year I purchased 6 only Robert K. books for $6.00 or $1.00 ea. for paperbacks at my Downtown Library used book sale and in this instance folks I definitely got my money’s worth. So, always look for VALUE and don’t be influenced by salespeople. Make your own financial decision. Good Luck!
Hello every one, looks like 95% of you didn’t take the first step towards wealth, you got scared of a sales men which YOU have to become to be a success, lets look at Robert Kiosaki, how did he wind up making 3 million dollars a year and barely pass highschool? His Rich dad tought him about money and how to invest. That’s what the coaching is I am in it. You get a FULL YEARS WORTH OF ACCESS TO MILLION AIRES. If you cant make any-money with that then you need to pick up Tony Robbins book awaken the Giant within or find Jesus and lose the fear. Oh one more thing 95% of Americans make under 100k a year. Another thing The Women who made Harry Potter made 300 mill by printing money on a napkin cuase she was homeless. Its true a select few do succeed.