FRAUDSTERS, CON ARTISTS AND GRIFTERS
Robert Toru Kiyosaki, born April 8, 1947) is an American investor, businessman, self-help author and motivational speaker.
Kiyosaki is best known for his Rich Dad Poor Dad series of motivational books and other material published under the Rich Dad brand. He has written 15 books which have combined sales of over 26 million copies.
Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA. His new books appear under the Rich Dad Press imprint.
Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.
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Response from people:
The problem with Robert Kiyosakis' Rich Dad Education is that it is licensed to be taught through Tigrent Learning who are SHARKS in search of fresh blood!
Tigrent Learning is misrepresenting a number of his basic business principals at the dear expense of thier students! Tigrent advocates that your retirement fund is a perfect source for funding their education, while RK strongly disagrees with that premise. RK may be benefiting financially from their disingenuous sales tactics but at the ultimate expense of his reputation!
I attended a recent (Feb) 3-day workshop for $500. ... was our instructor, and I found him to be very knowledgeable and professional. Did I believe every "story" he told us....NO.
Did I pick up on the fact that the 3-day workshop was a sales pitch to sell you on further courses...YES. Anyone that thought they were going to reach financial wealth in 3 days is dilusional. I signed up for 2 more courses to the tune of just under $10K. Was it worth it....ABSOLUTELY!! I talked to my lawyers, my accountants, my banker and mortgage broker. They are all familiar with the practises that are taught.
Like anything in life, there's a sucker born every minute, and if you're naive enough to drop a ton of cash after a 3 day lecture, I've got some swamp land for you in Florida! Where are the success stories?
My husband and I attended his free workshop and were floored by the sales pitch . We teach business owners how to improve their businesses and increase their wealth and this gives legitimate companies who really do help a bad name. If the free seminar is nothing but a sales pitch, expect more of the same in the rest.
Otherwise, if you do actually learn something valuable, then the other training will also be valuable, but be very cost cognizent. It shouldn't cost $45000.00 to learn how to buy property...ever! We never took the further course, it just didn't make any sense. By the way, without their help,we invested and are doing fine.
I often wish there was more followup provided on some of these stories. Having met Robert personally, I was extremely disappointed that someone has taken his concepts of financial literacy and has twisted it so much as to take advantage of people: people who do not do their own sufficient due diligence.
Robert indicated that a contract had been entered into with this presenter. Is that contract still in existence? Has Robert allowed it to continue? I've heard that it has been terminated.
Can Marketplace followup on that? Would that be good balanced news reporting? There are others out there using Rich Dad material that have not taken advantage of people the way the guy in the show did. It is unfair to paint them all with the same brush. We all benefit from increasing our own financial literacy. Let's take personal responsibility for own financial literacy!
Originally posted by Heartisblack
The only reason why Kiyosaki is a "Rich dad" is because he's selling me that damn book! Enough said
Originally posted by wardk28
reply to post by boncho
Yeah same thing happened with Berney Madoff. Now don't get me wrong, I think what these people do is wrong but people have a right to do whatever they want with their money. Now if they choice to invest in a get rich quick scheme, however it works out for them, they get what they get.