Comments on: Rich Dad, Poor dad coaching

By: IM

IM — Tue, 09 Mar 2010 12:06:15 +0000

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.

By: PS

PS — Sat, 06 Feb 2010 23:08:37 +0000

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.

By: Joe Wasylyk

Joe Wasylyk — Sun, 31 Jan 2010 02:58:08 +0000

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

By: julie massicot

julie massicot — Tue, 05 Jan 2010 17:10:38 +0000

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

By: Jamie Kelley

Jamie Kelley — Sat, 26 Dec 2009 17:15:41 +0000

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

By: Paul

Paul — Wed, 16 Dec 2009 23:42:32 +0000

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?

By: Rad's Financial Report

Rad's Financial Report — Wed, 07 Oct 2009 19:16:37 +0000

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.

By: Radley

Radley — Wed, 07 Oct 2009 17:49:27 +0000

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!

By: nikhil kripalani

nikhil kripalani — Fri, 02 Oct 2009 18:23:30 +0000

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.

By: darren toms

darren toms — Fri, 25 Sep 2009 19:22:59 +0000

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.

By: Harry

Harry — Mon, 31 Aug 2009 22:32:39 +0000

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

By: kim

kim — Mon, 31 Aug 2009 16:56:28 +0000

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!!!

By: jerry

jerry — Sat, 29 Aug 2009 00:31:23 +0000

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.

By: brid

brid — Wed, 26 Aug 2009 05:19:31 +0000

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.

By: Nico

Nico — Fri, 14 Aug 2009 23:54:58 +0000

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…..

By: Herbert Baker

Herbert Baker — Wed, 10 Jun 2009 16:55:03 +0000

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!

By: Karen

Karen — Wed, 10 Jun 2009 00:48:36 +0000

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

By: Drew

Drew — Sat, 09 May 2009 05:15:15 +0000

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

By: Yan

Yan — Thu, 30 Apr 2009 12:01:09 +0000

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

By: NY

NY — Tue, 21 Apr 2009 20:33:19 +0000

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!!