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Rich Dad Wants to Coach Me!

By JLP | May 3, 2006

Yes, there’s a bit of sarcasm to the title of this post. I wanted to share with you a copy of a letter that I received yesterday from RichDad:

Dear Investor:

As you know, my rich dad was the best financial and investing coach anyone could ever ask for. He taught me the fundamentals of making money which I have used to make millions.

My rich dad’s greatest lesson of all was that the rich are not smarter than the rest of us – they just know things about money that the middle class and poor do not! My rich dad said, “Business and investing are team sports.” The average investor or small-business person loses financially because they do not have a team. Instead of a team, they act as individuals who are trampled by very smart teams.

Now, I want to give you the same opportunity I had: to have a coach as a member of your team, helping you master the basics of becoming rich, and leading you step-by-step through the process of creating wealth by investing in real estate, paper assets, businesses, or whatever works for you. I’m not talking about a book and tape course. I’m talking about working with a professional Rich Dad Certified Coach, one-on-one, who will help you get where you want to go, and do what you want to do. Someone who can actually help you get rich.

My coaches and I will work with individuals from allover the financial map. It doesn’t matter if you’re an advanced investor, or just getting started. We can help you improve your velocity, and reach your goals faster.

This is your opportunity to make some real progress, and do so quicker than you may have thought possible. However, to take advantage of this offer, you must be highly motivated, and willing to work hard. Only serious applicants will be considered.

If you’re ready to change your life forever, then call my office and find out more about this extraordinary opportunity: Call 1-800-XXX-XXXX, Ext XXXX. Our offices are open from 7:00 AM to 7:00 PM Monday through Friday, and until 4:00 on Saturday.

Call now, and let us help you make the world a richer place!

Why would he (they) open with that stuff about his “Rich Dad” when we know that “Rich Dad” never existed? Interesting. I can only imagine how much a program like this would cost. Has anybody gone with this program? If so, let me know about your experience. If it was a bad experience and you are embarrassed about it, send me an email. I promise not to publish your name or humiliate you in any way.

Topics: Miscellaneous | 72 Comments »


72 Responses to “Rich Dad Wants to Coach Me!”

  1. mark Says:
    May 3rd, 2006 at 1:16 pm

    rich dad – if there is any way for him to make a buck….for himself….he’ll find it! thx for sharing his letter. i am sure he gives half decent advice half the time……

  2. butters Says:
    May 3rd, 2006 at 1:30 pm

    You get this as spam, right? And then take trouble to censor the 800-number and extension? – Man, either you’re too nice or a pus.

    BTW, is that a fact that “Rich Dad” never existed? Just curious..

  3. JLP Says:
    May 3rd, 2006 at 1:45 pm

    Butters,

    Oh, I’m a nice guy. LOL! Actually, I censored the phone number because I didn’t want to do any more advertising for him than I’m already doing.

    I have read somewhere where that “Rich Dad” never existed and was actually a “composite” of what a “rich dad” would be if he existed. Sorry, I don’t have a link to that information. But, if one of my readers has that information, please let me know.

  4. John Koontz Says:
    May 3rd, 2006 at 4:56 pm

    You can find the information about Rich Dad here: http://www.johntreed.com/Kiyosaki.html

  5. Harrison Says:
    May 3rd, 2006 at 7:18 pm

    So is RichDad sending spam mail? If this really happen, I only can say “oh My God”……..

    I don’t know is Richdad really existed in this world but I believe that his theories are working. So as long as “his” theories are working, it doesn’t matter he is existed.

  6. financialreflections Says:
    May 3rd, 2006 at 7:53 pm

    I just spent an hour on Reed’s website. Wow. I have listend to two of the Rich Dad books and the errors Reed pointed out made me wonder why I hadn’t seen it in the book!

    I really liked Rich Dad/Poor Dad because it made me think about liabilities, assets and expenses more than I ever had before. But beyond that, I’m beginning to wonder if it has any value. :-S

  7. Personal Finance Blogger Says:
    May 3rd, 2006 at 9:00 pm

    I’ve read a couple of his books (at the book store he he…) Some nuggets of common sense in there but nothing extrordinary.

  8. Bethany Says:
    May 4th, 2006 at 2:50 pm

    My brother and his wife are doing Rich Dad coaching. It’s approx. $10,000 each year, plus the costs of materials including a board game that costs $200. Not only is it a total ripoff but they have received some terrible advice that I worry is going to lead them into bankruptcy. But they are easily suckered just to enter into this program.

  9. Jim Says:
    May 9th, 2006 at 8:49 pm

    Bethany, could you share what the terrible advice was?

    We have been pitched the Rich Dad coaching at 4499 for a year with the materials and game included.

    We accepted, and will keep you posted, but we have 3 days to cancel, so please (someone) respond with successes or failures.

  10. Jim Says:
    May 11th, 2006 at 5:43 pm

    BTW, we went ahead and cancelled within the 3-day window.

    We believe in coaching, and are willing to pay a large amount for a larger gain, but decided we had to try someplace else.

    After paying, we did more research on the coaching successes and complaints online, plus visited the local real estate investors group, and decided to find our mentors locally.

    The final cause for concern occurred when the payment processing person fumbled in their script and said “Carleton Sheets” program.

    Others had mentioned a hard sell, which we had not experienced. However, after they received our cancellation notice, we received return call with a very hard sell, which I eventually had to hang up on.

    Good luck, start/keep investing, and find your mentors.

  11. Tom Says:
    December 6th, 2007 at 6:27 pm

    Hi all,

    I actually like Kiyosaki’s book. Talked to a coach representative yesterday and had six questions to discussed today. After the discussion she tried to sign me into their program for $4706.98. Want to learn about investing and have a mentor, told her I would call back Monday to confime whether I want to continue with this or not. Need to make a decision by then

  12. mr. c Says:
    December 13th, 2007 at 2:52 am

    Here is a little fun fact. I got a letter about the coaching saying that there coaches are “rich dad certified” so i need to be coached by them. So i thought why dont i become rich dad certified so i can coach my self. It turns out the way to become rich dad certified is to get a job with PEI. There web site is http://www.thepei.com . Before you rush to get certified you should relize to be rich dad certified only means to understand the products he is selling and be able to sell them to someone else. What a scam! I declined the certification by the way.

  13. cinda Says:
    March 17th, 2008 at 7:26 pm

    RIPOFF don’t do it-
    I did the coaching, wish I would have researched it or read blogs. you can find real commercial r.e. people who do this for a living and not pitch books at many other websites/blogs
    do a search,

  14. Thomas Says:
    March 19th, 2008 at 10:34 am

    -You know…. I’m curious as to how many of you do not live paycheck to paycheck…. I don’t. Coaching helped me realize how dumb I was, the coaching program has made me more successful than my local idiot mentors tried to do; they practice what they preach at Rich Dad. And they are good at what they do; you know those people that are extremely good at their job because they love it, and do not need it what so ever…. well, that’s them. And for you girls that say Robert is a hack, good on ya!! But does that really matter?? Look in your pantry who makes your peanut butter??? Is it name brand? How does it taste? Does it do the same job if not better? Furthermore, only one person on the Internet has a trash page for “Rich Dad”, did any of you read up on him? He is what would be called COMPETION… no duh he has a hate page…. although the people that I have directed this towards have long since stopped reading, try finding a ligitment un-success story of someone that completed Roberts coaching, not signed up and cancelled. Then get back to me.

  15. Danielle Says:
    April 25th, 2008 at 2:14 pm

    Hello,
    Did you become rich?

  16. CK Says:
    May 18th, 2008 at 4:10 am

    I was “interviewed” by the coaching team and I can say that the experience soured me to everything “Rich Dad”.

    It is a hard sell with no information. The interview process is a joke. They ask me to do a goals based worksheet and then read it back to me over the phone and said I qualify. This from a “selective” process.

    The fee they quoted me was 8799$ at first but they called me back and offered me a trunkated version for only 1800$. When I expressed my interest in being able to talk to a real participant and to learn more about my coach before I was willing to spend the money, they refused and curtly cut me off with “yes or no”, then hung up as soon as I said not without more information.

    Big thumbs down

  17. CK Says:
    June 5th, 2008 at 3:20 pm

    I have read several Rich Dad books. I think its funny people care if “Rich Dad” really was a person or not. What difference does it make, isn’t it a unique way of teaching concepts to help people think and learn outside the box. Say what you will of Robert he’s more successfull than many people ever will be. And I’ve experienced coaching and found it very useful in getting started with my RE investing. The problem is too many people base their decisions on the experiences of those who have failed, and they continue to remain in the same situation becaue they never move forward and change.

  18. JR Says:
    June 6th, 2008 at 9:31 pm

    I discovered the RDPD phenomenon when I was Afghanistan and I found the first book in a pile of books laying in the corner of an MWR center. Personal experiences with real estate prior to military prompted me to read the book and I found it easy and informative. I was prompted to read several of the RDPD followers and have since purchased and played Cashflow 101. I find the game fun, but also easy, and the first time I played the game I made it out of the Rat Race after about 6 revolutions. Needless to say I quickly became interested in learning more and thus called the Rich Dad coaching line and went through both initial interviews. It was obvious I was talking to a salesman rather than a “coaching” expert of somekind, and common sense suggested that the program director was probably located at some call center contracted to pitch the program. I put them off when it came time to purchase and since finding the many posts concerning the same experiences am glad that I didn’t buy impulsively as my suspicions seem to have been confirmed. That being said I am not a RDPD basher. I like the books and admit that they reoriented my thinking a bit and has been useful in helping evaluate my own finances and outlook for the future. Along these lines, and prior to learning about the RD coaching program, I had decided to take a local real estate class on the weekends, and to begin seeking out investment opportunities and acquaintances. After doing some checking online I am sticking to my original plan. I have the motivation I need to be successful on my own – and so do most of you. I’m not a success story at this point, but I would say it may be just as, or even more, beneficial to look for an actual course in real estate and investing – they are available through your state and offered by certified agencies. Also check for free seminars. Just another suggestion – check out Trump university for an alternative to the RDPD program for more specific course subjects. Thanks to all of you who dug up the info on the RDPD program, and good luck.

  19. Kristy Says:
    June 26th, 2008 at 3:34 pm

    Thank you to all who posted. I love the Rich Dad series. As an accountant, it really does make some valuable concepts easy to understand and utilize. It also helped me to understand where my business ventures and real estate investments fit into the bigger picture.

    I am now being “interviewed” for the coaching program. It does sound like quite the hard sell, but I’m going to research the information everyone has listed.

    I’ll also be sure to ask a lot of questions. I noticed during the first interview, everytime I asked a question they skirted it or asked me a question right back. I just figured that the first couple of interviews would be sales people possibly sizing me up to determine how much I would be willing to pay.

    I’m still reading his books and love the program, but I really want to hear from someone who came out of the program more successful than when they entered it.

    Thanks again, everyone!

  20. Rohit Jain Says:
    June 27th, 2008 at 11:04 am

    I live in India and I was surprised that the RichDad Coaching executive spent more than 2 hours speaking over an international call. I went through the 2 interviews. I think the first one was in a hurry and left me with haphazard questions, which was confirmed later by the 2nd interviewer. Frankly, I wanted to take up the program after speaking with the 2nd interviewer. I think she was good at what she was doing.

    I must admit, though I am skeptical and think its a hard sell, I am sure that the coaching will assist me in being financially free. One question still irks me though. If the Rich Dad coaching is all about putting your skills to make maximum benefit for YOURSELF rather than others (like in a job), how come do these coaches work for Robert Kiyosaki?

    Any Comments?

  21. Karen G. Says:
    July 17th, 2008 at 4:24 pm

    IT IS A RIP OFF–Don’t Buy into it!!! Yes, I have “Bought” into the rich dad poor dad a few weeks ago. It is a HUGE RIP OFF-Ridiculuous. I can’t believe I feel for it. I was extremely excited, anxious to get started. They were so nice in the beginning—before I gave them my money. Then I meet my coach(Who by the way, should have been introduced to me BEFORE I signed up with them). She’s impatient rude, and expects me to know things. She’s never responded to my emails, returned my calls, or encouraged me. She used many guilt & belittling remarks. It’s all general , low quality talk-rushed within 1/2 hr. Nut shell I paid $1,400 for the game cashflow 101 game(which I already have), two dvd’s, an electronic game, and 4 half hour meaningless talks with the coach. Yes, they say call in for unlimited service…they don’t know you and not happy to share more then they have to. My coach told me nothing knew-it was all talk of goal and scheduling setting. Assignments I spent time on, she never talked about. She asked me to do goals again-because I don’t think she realized I did them already. I think our first scheduled time she was doing dishes. She was half “paying attention”. the only thing I got out of it was to share and warn others DO NOT BUY INTO THIS COACHING. You do not need it. Read books, go to seminars. This training IS A SCAM. They are only out for themselves to make money. They do not teach you about investing, numbers, or the market. Besides the items sent to me, it’s worth -$500. The coaches unhappy, superficial sales people. SHAME on you Mr. Kiyosaki. You were the main reason I joined. You seemed genuine, real-honest. Some say you do not own the coaching system. Is it true. How could you allow people to be taken advantage of!!! I make very, very little money and this is huge chunk for me to swallow-I should have done more research.
    God help them. Deceitful people will get what’s coming to them–What comes around goes around…If not here on earth, than when they retire they will pay a price…more than just money.
    Blessings, Karen

  22. Jonathan Says:
    July 19th, 2008 at 6:26 pm

    I signed up for the RD Coaching, and have had 2 coaching sessions. Red flags really went up recently, when my coach encouraged me to contact one of his previous students by phone, to get in on a business opportunity they were involved with. It was “YTB.com”–an MLM devoted to selling rebranded travelocity web sites (which, incidentally, are completely free to anyone by visiting travelocity.com and clicking the “Affiliate Program” link at the bottom of the page).

    This prompted me to investigate MLMs in general. I’ve always thought they were a scam. Then I read in RK’s books that he used to feel the same way, but decided they were worth while for the training they offer. After my research over the last week, I have decided that perhaps some MLMs *do* offer useful training courses, that have application beyond the scope of the MLM. But the MLM concept as a whole, in my opinion, is unethical. To use RK’s terminology “the price is too high.” I’m not willing to sacrifice my integrity to get some “inexpensive” training from an MLM. I’ll find that same training somewhere else.

    Having said all of this; I don’t think the coaching is a complete waste of money. I have gotten a lot of ideas and new perspectives on things from the RD series of books, and the coaching has helped with some of that, too.

    I feel like the coaching material is all repeats of stuff I’ve already read in the books, though. I was hoping for something a bit more in-depth by paying $1400 for coaching.

    I feel like my coaching sessions are rushed (half an hour is almost nothing!), and I feel like the material is very elementary. The “Pay yourself first” concept is a good one, but it’s not unique to RK (in fact, RK attributes the idea to the book “The Richest Man in Babylon”, which I read over 2 years ago, and have been practicing every since).

    One of the early assignments was to fill out a personal “cash flow” spreadsheet; which I did. However, it’s obvious that my coach never read it, because it mentioned the 10% of my income I put into savings. He asked me during my last session “So will you start paying yourself first now?” (Uh, excuse me? I have been for 2 years?)

    It is also apparent that he has not read any of my assignments. He *does* check whether I completed them, though. But when we are discussing them, I have to read them to him… When I answered the question on my first assignment “What would you like your coach to know before your session?”, it was obvious he did not read it, because when I mentioned my answer, it was unfamiliar to him.

    Some of the homework assignments have helped force me to think through some life choices. With the right amount of self-determination, the same thing could be done for free, though.

    I’m seriously considering canceling my coaching program before my next session. I’ve only paid half of the tuition fee so far, and can request a stop-payment from my bank if necessary for the remaining payments.

  23. RUSTIN SELF Says:
    August 10th, 2008 at 12:11 am

    THE COACHING IS A JOKE. YOU DON’T NEED IT. FIND A MENTOR IN YOUR TOWN AND DO WHATEVER IT TAKES TO LEARN AND FIND OPPORTUNITIES IN YOUR TOWN. I WASTED OVER FIVE GRAND ON STUFF THAT I COULD HAVE GOT FOR FREE WITH MY MENTOR/ NOW FATHER IN LAW. USE HIS BOOKS TO STAY MOTIVATED, ROBERT IS A GREAT SALESMAN THAT LACKS IN HIS PRODUCTS FOR COACHING. I WISH I HAD READ SOME OF THESE POSTS BEFORE I SPENT THE MONEY. I NOW HAVE OVER 14 RENTALS IN ONE YEAR. A MENTOR AND A GOOD PARTNER IS ALL YOU NEED.

  24. RUSTIN SELF Says:
    August 10th, 2008 at 12:28 am

    YES I WILL BE RICH SOMEDAY. BUT NOT BECAUSE OF RD COACHING. HIS BOOKS INSPIRED ME TO CHANGE MY THINKING AND IT DID. HIS COACHING IS BULLSHIT AND I WAS HIS ASSET IN EARLY 2007. IT JUST PISSED ME OFF WHEN I FINISHED HIS PROGRAM.(STILL WAS NOWHERE AS FAR AS INVESTING WAS CONCERNED). IT MOTIVATED ME TO FIND A MENTOR AND START DOING WHAT HE DOES. INVESTING. I AM WORTH OVER 300,000 DOLLARS IN ONE YEAR. BECAUSE OF A PARTNERSHIP AND ENCOURAGEMENT FROM A MENTOR. PLEASE SAVE YOUR MONEY AND FIND A MENTOR AND KEEP LEARNING.

  25. jason Says:
    September 4th, 2008 at 9:43 am

    My brother and I tried the rdpd coaching. There are actually 4 different coaching programs. We haveexpeience in all bu the “Entrepreneur” program. “Choose to be Rich” is basically all of the RDPD motivation in one course…it gets you excited. “Cashflow 101″ is for people who don’t have money management skills. It’s good if you have lots of debt and don’t think you have any cash after expenses to invest. “Real Estate” helps you kick off a real estate investing business. My thoughts: all three have components that make you analyze you current situation…that is very important. They really are good programs for some people. We ended up cancelling “Choose to be Rich” and “Cashflow 101″ within the three day period because the materials simply didn’t apply. We figured, we can just create a spreadsheet, and that will cost nothing.

    We found that “Real Estate” is an alright program. The course contect is good. if you’re lucky, you will get a good coach too. Our coach was a doorknob who was somewhat unhelpful and not talkative at all. You can call the resource line and talk to someone else though. I guess the coaches take turns answering phones for resource line. There has been some good conversations with knowledgable people. There is ALOT of work in “Real Estate” and it will work if you have the time. For us, 2-3 hours a day was enough. BE ORGANIZED! YOu need to to make it work. Overall, coaching is way too expensive, but for someone with no experience, it might be worth it if you do all the work and are determined.

    On the classes:

    We took Rich U and Wholesale. GOOD information! For MOST people in the room, they were wasting thier money, because they aren’t going to do anythng wiht the info. Rich U helped us see what we need to do to protect ourselves and find good professionals. Wholesale is great! You need to be determned before buying the classes that you will write everything down and use the info. Also, lose your skepticism. If you are skeptical going into the class, you are a moron! Why would you spend $10,000 on something you are skeptical about. Otherwise forget it, save your money for Burger King.

    BOTTOM LINE is that there is good information in there, and that it works. It will NOT teach you everything you need. Find a real estate lawyer and accountant first thing. Make sure you run all paperwork by your lawyer. Don’t do anything without making sure the numbers work!!!

  26. Anonimous Says:
    October 8th, 2008 at 10:41 pm

    RD coaching is a hard sale. Here in my country, they would go to the jail by this agressive sale. Also they would have not just to refund the money, but to indemnify all consumers.

  27. Steve Cummings Says:
    November 10th, 2008 at 9:38 pm

    Normally, I am very cautious investing in anything. However, I spent $5,700 dollars for the Coaching program without thoroughly investigating it, and I can honestly say that it was the biggest waste of money I have ever spent. Extremely disappointing loss. I could kick myself for falling for this. The $5,700 I wasted on this program could have compounded into a very nice sum in a decent retirement vehicle over the next 25 years. The coaching was very shallow and “nothing new under the sun.” My advise is that you find someone in your community who has been successful at real estate investing, and if that person would be so kind as to mentor you, then you will come out far better than you would if you go through the coaching program. Give your mentor the $5,700 dollars and don’t wast it on Rich Dad Coaching.

  28. N Biyela Says:
    March 22nd, 2009 at 4:33 pm

    Total waste of money. I am so terribly bitter, we r broke and cant afford other things, thanks 2 the Rich dad scam. Now we are searching all angles as to the recourse:we want our money back!!

  29. Becky Says:
    April 6th, 2009 at 7:18 am

    We also spent considerable money (over $12K) on the RD coaching. Our first coach was the “doorknow” mentioned above – no input, never had read the homework, etc. We complained and were told it would be resolved, but the next week, we had the same coach and no changes, nor the promised phone call from administration. For some unknown reason, we got a mysterious call saying our “coach” was no longer with the program and we would be assigned a new coach. We were ecstatic. Especially after meeting with our new coach, Paul. He was great!! After all our hard work, there was one homework assignment in our file (luckily I kept copies and was able to resend them). He started going back over everything and we felt we were back on track. Then after a few sessions, Paul was mysteriously now gone. I also am bitter and want my money back because I feel that they chose the amount based on how much money was available (which broke us). I know now to never disclose what is available, but to decide what I am willing to pay before anything is discussed about cost. I feel that this program can be beneficial, but YOU (we) have to be VERY proactive in making sure that you get the value out of it. The coach is a big part of it, and it is up to us to make sure that we click with who is assigned to us. But, we are determined, with or without the coaching program – WE WILL BE SUCCESSFUL and RICH!

  30. N. Gabriela Says:
    April 8th, 2009 at 3:13 am

    I have an interview with the coach tday n was so anxiuous abt what to do.. Thanks to all of ppl that have commented here. Now I know what to do… I think I will jst go through the interview and jst see what that is, but nothing more. Tnaks again

  31. TC Toledo Says:
    April 8th, 2009 at 2:45 pm

    Thank you for all your posts. I just hung up from my RD Interview. Being n sales the first thing I learned was about the hard sell. I usually run IMMEDIATELY when high pressure sales come into play. It’s always an indication there is some garbage in the game. But these salesman are smooth. I didn’t run immediately, but did google RD complaints before I would reveal those credit card #s and low and behold. WHHHEEEEWWWW!! I almost bought it. LOL

    TY, TY, TY 2 all of you. Here’s the rules.
    ASK: What exactly am I purchasing?
    I smelled a rat when he insisted they only select a few to coach therefore he has to make sure I would be a good candidate, but got insulted when I turned the tide and demanded he confirm who he was. Make them fax/email the details of what you are paying for in writing BEFORE you pay.

    Reading these posts I learned:
    1. This program WILL EXPAND ON YOU AND DEMAND MORE MONEY FOR ALL OF IT’S COMPONENTS. SUCK ONE DRY.

    2. I have seen 5 different costs for this program on this site.
    I was going to be charged $6,298.00 [to start] just ten minutes ago. That is a CLUE! Why so many variations in price? WHAT EXACTLY ARE YOU GOING TO RECEIVE FOR YOUR MONEY?

    3. NEVER DISCLOSE HOW MUCH MONEY YOU HAVE.
    This is why my call was 126 minutes long. I violated my own rules. This is how they decide how much to charge one for the program. JD BYRIDER [WAS SUED] SELLS CARS THE SAME WAY. Claim to be poor. Two seconds from foreclosure and eviction. LOL

    4. Make them let you talk to your coach before you pay. If one doesn’t relate to one’s coach one will never learn anything anyway.

    I going to find me a mentor and keep reading. TY, TY, TY your posts save me some money.

    God Bless,
    TC Toledo

  32. Jack Says:
    April 22nd, 2009 at 1:46 pm

    Thank you for all your posts. I will have an interview soon. That’s why I’m coming here to search the program. I will be very careful with my interview. Although I do like the book “Rich Dad Poor Dad”.

  33. Diana Says:
    April 23rd, 2009 at 4:09 am

    The coaching is a rip-off. I knew more than my coach.Half way through the 16 weeks I asked for a new coach because the first guy was so bad. My new coach was better but still not worth over $7K.

  34. Cesar Says:
    April 30th, 2009 at 8:49 pm

    I just got off of the phone with “James Terell”. He called me for my second “interview”. This guy must be making commission the way he was trying to hustle me. I had a list of questions that I was looking to have answered during this second over the phone “meeting” but he did not let me talk at all (unless it was to answer one of HIS questions). Here’s how it went:
    First, he wants to know “What drives you”. “What life changing experience did you have to make you want to become ??”
    The second step is to find out where you want to go. He then asked me what “financial freedom” means to me. Everyone knows what financial freedom means! The only difference is what you will “DO” once you obtain “financial freedom” But they ask this to throw it in your face when you tell them your not really comfortable with paying $3,889.00 over the phone.
    The third step is to get the feel for how much money you have at your disposal. He starts by saying RD Coach will show you how to make money wth OPM (Other People’s money) and with credit cards. BTW if you tell him you own a credit card he will high ball you. He then asked a hypothetical question: “Lets say for instance you wanted to invest on a house. How much money would you have available right now to inves with?” Me: ” Well $5,000″. That’s how he got the price. From this point on he says things like ” We need to know now, there’s limited availability”… “Poor people are afraid of loosing, rich people only think about winning.” ” YOU SAID this was the kind of help you were looking for.” For any rebutel I had he called me POOR in every inderect way possible. He would get defensive and rant on about “Robert Kiyosaki’s” point of view. Finally, I said ” LOOK, I JUST DON’T LIKE THE WAY YOU ARE TALKING TO ME SO I’M GOING TO END THIS RIGHT NOW!”

    I don’t know if this program works, all I know is that out of 33 blogs 1 seems to believe it was worth thousands of dollars. Last time I read “Rich Dad Poor Dad” Robert Kiyosaki wasn’t advicing to give your credit card/account number to some wise ass pressuring you over the phone. His book is about considering every dollar in your bank account an “employee” and making it work for you buy acquiring assets. This program is NOT AN ASSET, IT’S WHAT HE CALLS A LIABILITY!

  35. Marco Says:
    May 14th, 2009 at 2:59 pm

    I agree with most of you, in relation to this hard selling over the phone. I’m not with it either.
    But, have you realized whether “RK” knows what’s going on and how this over the phone procedure is being sold?

  36. Ben Says:
    May 20th, 2009 at 3:17 pm

    you guys really make me loosing my faith in Robert ; )
    I actually have another interview in 10 Minutes where I wanted to sign up for the program… right now after reading your posts I can't do it anymore… I would be really thankfull to hear some more voices of people who were successful with the coaching.

  37. Antonio Says:
    May 24th, 2009 at 3:15 pm

    We have 2 interviews with a very nice guy ( a big sales person), talked for about 2 h and a half. We got my credit card number ( he asked in the first minutes if we had one and the limit).
    I have 10 days to start or not with the program. With your post I have to admit I have doubts.

  38. Mary Says:
    May 29th, 2009 at 11:05 am

    Wow, a lot of people are many some type of negative comments on the RD coaching. I just got out of the coaching two months ago after i finished the whole program.

    I will say even if the program is not perfect, it helps me tremendously!! Let's admit nothing is perfect in this world. you can't expect every one coming out of the program becoming a millionaire as it all depends on you and no one cares about you as much as you do.

    During the program, i purchased my first rental property – a duplex last year and am making great cash flow off this. i am advancing into more creative real estate deals now. Honestly speaking, when i joined the program, i didn't even bother doing much research on the program. Why? cuz, worse in worse, i would just lose a few thousand dollars, but at least i give myself a shot. Without coaching, i would have never developed the discipline that i have to grow into the habit of investing and look for life time mentors and investors.

    Trust me, the world is filled with scams that want to suck money out of you. This is a capitalist society. The whole banking system is scam, the credit industry is a scam, the car financing and leasing is like scam, One religion is scam to another religion, even your spouse can be a potential scam that can be cheating on you.

    If you want to go out find a mentor yourself, how would you make sure that you don't get any scam person that tries to be your mentor? (let's say you type "real estate mentor" in google ,and then thousands of lists will come up, and how could you possibly identify a true 'guru' for yourself?) Plus why would any knowledgeable real investor want to mentor you for free if you don't give out things in return? Even if they want to mentor you for free, you would need to work on some thing for them for free so you either devote time or money to get a mentor or coach yourself in order to be successful.

    Either way, this world is not perfect. You gotta earn the rights to play the system to become successful cuz no body is gonna hand you the success.

    One feedback for RD coaching through my experience is, without RD coaching, i would never had bought my first rental property, and nothing would have happened for me. Have I become a millionaire now after the coaching? No. Yet I am on a positive trend of becoming a millionaire down the road because the of the confidence and faith for myself that i have gained through the coaching.

  39. Forest Marie Says:
    May 31st, 2009 at 11:52 am

    The problem with the Internet is that both smart people and stupid people get equal airtime.

    The coaching is so bad to some of you because you didn't apply it. You wanted it done for you. You didn't believe in yourself. You didn't have the confidence to take action. And perha's you're just not intelligent enough yet…perhaps a 4 year degree and a new set of friends will help in that regard.

    Now I'm not a rich dad coach, nor have I used them, but $5000 to $10000 is no money at all for someone who can guide you in YOUR learning process.

    Thank you for your new found mindset!!!!

  40. Liz Says:
    July 1st, 2009 at 7:23 pm

    July 1 '09 –I just hung up from my interview and was quite intrigued until I told the "Director" I'd need to call him back b/c I wanted to do a little more research on the program and read about/talk to some satisfied customers. He suddenly became extremely aggressive, somewhat insulting and accusatory. He even talked over me when I tried to explain why I was choosing to delay moving forward. He said the internet is full of "garbage" then told me that I could not be in the program. Then reversed course and said that I needed to call back by the end of today to confirm. WHAT?? Is this how you treat people who are potential customers? CRAZY.

    I am shocked at the difference in cost people have posted. I had to keep asking and clarifying "what am I getting" and "what is the process, what is the schedule, who does what, when…" The conversation began quite positively, however he volunteered limited information about the program and then told me that the "tuition" was $8,686. He encouraged me to put it on my credit card, said it would be a tax-write off and said, "Robert would call this good debt."

    I used to buy RDPD books and give them away as gifts. Not so with this coaching….so sad.

  41. Bubbles Says:
    July 16th, 2009 at 10:05 am

    Rich Dad coaching SUCKS! Don’t buy this program! This was the worst investment ever. My coach is always in rush to get off the phone, she calls me 10 minutes late, she never reads my homeworks and then I have to keep the conversation going when I am on the phone with her. She just SHUTS UP and SITS THERE WITH HER THUMB UP HER ASS!!! Someone please tell me how to changte my coach. It sounds like I can’t make my money back, so I might try to change my coach and try to get something out of it (Don’t even know if this is possible). I never usually curse or say bad things about other people, specially, I have tremendous respect for Mr. Kiyosaki, BUT, his COACHING thing REALLY REALLY REALLY SUCKS. In any way, if my comment at least intrigued you to do more research, I am happy to take this time to write this comment. PLEASE SAVE YOUR MONEY. DO NOT BUY THIS PROGRAM!!!
    THANKS FOR LISTENING. CAN SOMEONE PLEASE TELL ME HOW TO CHANGE THE COACH?

  42. Ben Says:
    August 24th, 2009 at 1:03 am

    Here is a free and educational way to evaluate RK: read one of his books. Then go to the library and read “A random walk down wallstreet”, “Fooled by Randomness”, and anything by John Bogle. Then go back and read RK again. It’ll start to make sense why RK is part of MLMs and not a former money manager.

  43. Brid Says:
    August 26th, 2009 at 12:37 am

    weather rich dad was real or not…thats not the point!. 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.

  44. Dr Abba Says:
    September 1st, 2009 at 7:11 pm

    Hi guys, thanks for the info on RDCP,I just went over the two interview sessions here in Nigeria.It sounded cool though with all the motivation and excitement, i just could not wait to pay the $2,495 tuition fee.Well thanks to you pple am confused now!!!
    Ill still give it some more thought,cos whether rich dad’s real or not;am determined to be a Rich dad someday,it just needs some financial discipline and a good mentor!!

  45. Rudi Says:
    September 4th, 2009 at 4:05 pm

    NOPE!
    I seriously doubt if Robbert is involved, judging by all his material this is way out of line… milking money out of fans does not sound like the Robert Kiyosake we learned to respect trough his books & seminars..!!??
    This coaching is a pathetic money making hoax!
    Can someone please find out if Robert really is involved?

    IT WOULD BE A SAD DAY IF HE IS :(

  46. Rudi Says:
    September 4th, 2009 at 4:10 pm

    P.S. Toniu (one of the coaching sales people) you are a real ass.. have a nice day!

  47. Dean Says:
    September 11th, 2009 at 5:19 pm

    I’ve just started the coaching programme, and I did feel immediately after signing up I’d been had by a hard-sell, although the “interview” and “selection” process made me giggle. No one ever interviews someone before taking their money! Also, I confess the penny dropped only after I’d agreed to pay that my credit card limit strangely equalled the fee….. BUT I can see very clearly I will get out of this what I put in. The coaching has so far given me a) the motivation to get my act together and b) the confidence that I can change things. It has broadened my horizons in a way just reading the book would not have. I have enjoyed the 2 group coaching sessions so far. And I agree with Robert it’s a question of visualising and creating your own future. On balance, probably worth it if only for the experience of rethinking your attitude to investment.

  48. Susan Says:
    September 17th, 2009 at 2:01 pm

    I just got off the phonewith a salesman during an interview. Says that the coaching is $4,899 for a year. I decided to read more of the books, find local mentors and I can always do it later, if I think they’ve ironed out the bugs in the system.

  49. Bubbles Says:
    September 23rd, 2009 at 1:50 pm

    When I took the Rich Dad coaching, the coach advised me to buy massage chairs as a vending business to make more money. Has anyone heard of Backrubber business?

  50. Michael Says:
    September 27th, 2009 at 8:02 pm

    Hi guys,
    i just wanted to inform you that actually i quite interested with that program and I had sign up for this program. after i signed up and google it and i found this kind of bad comment about this program and i called them back and i said that i want to cancel my program.
    and u guys can guess what the answer they gave me?
    one of the customer service told me it will be done 3 days times. in the same time i emailed them back also stated that i want to do the same thing. but it look like they just ignore my call and my email. they still keep sending me the email from their website and my user and pass to enter that website.
    anyone can help me to solve this thing?
    i just hope they want to refund my money
    is it possible?
    or i need to call police?
    thx
    have a nice day all

  51. GC Says:
    October 6th, 2009 at 1:16 pm

    We just got off the phone with a RDPD consultant for one and a half hours who told us that it would be $4899 today to join the program. My husband Googled this program while we were talking and found this site. I am so grateful because it made us feel good about our decision to not go with it. The things written here about the way they pressure you and require you to make a decision right now and make you feel like you won’t ever do without them, is all true. I lost respect for the consultant when he said that I had to decide now. I would not have gone with the program because that attitude showed me that they were not about careful, prudent, researched investment decisions. If you have to make a decision without speaking to someone else or having a chance to sleep on it, you should not make the decision. If they require you to do that, then they are requiring you to make a foolish financial decision. I do agree what many others say here that you can do it yourself by finding local mentors and free help locally. Thanks for all you who wrote of your experience to assure me that I made a good decision to decline the program. But I am motivated to put these principals and plans into action. Now I have an extra $5000 to do it!

  52. ARJ Says:
    October 14th, 2009 at 11:37 am

    OK… I had a conversation with a potential coach about 5 days ago. I’m glad I read these posts. She told me that it didn’t sound like I was the type of person that was ready for the coaching. As a former sales person I’m disappointed in myself for not having seen the sales angle. She actually had me going a little. On the other hand, I’d like to highlight quickly the pluses and minuses I see from that conversation and reading these posts.

    To paraphrase Mary(29 May 2009), everything is a scam. LOL. Anyway, this does sound like a scam because of the variation in prices and the sales pitches. It also sounds like the coaches don’t really give people the time necessary to nurture a true mentoring relationship. On the plus side, it seems like it gives some people the psychological tools they need (i.e., discipline, confidence, etc.) to get started in doing the real work of investing. I have been involved in different markets in the past and know first hand the importance of these tools. The other positive is that it does give you someone to bounce ideas off of.

    Now, to refute one thing Mary, and others, mentioned — I swear I read other posts, but this one had the most meat with which to work — it IS possible to find your own mentor. I actually think it’s better to find your own mentor by joining an investment club of whatever type of asset you’re most interested. They exist EVERYWHERE. If you have the discipline and motivation on your own, this should work for you especially since you’ll have a more solid relationship with this mentor and they’ll be more accountable to you.

    As George Carlin said, what’s the point of motivation books? If you’ve got the motivation to go buy the book, then you’re motivated. Tell the salesperson **** you, I’m motivated. He always did like the expletives. LOL.

    Anyway, if you’re skeptical about how a relationship with your own mentor might work… they make money when you make money. One way I’ve seen it happen is that they have you do the leg work of finding the investment and you two come up with a deal on who’s going to invest what. You might invest 50-50, but he’ll take a 60-40 profit. I think deals like this are pretty good for both parties because they experienced person puts someone else to work for him and the learner gets to make money AND learn at the same time without paying a set price for tuition. Neither person should ever be over-extended.

    As for myself… I think I’m going to pass on the RD coaching. I’m going to go about the business of working with a financial planner whose fee I KNOW I can afford and whose services I have witnessed. Then I’m going to go about the business of joining an investment club.

    I’m thankful to all the posters on this page and look forward to putting the motivation and discipline I gained from the Army (HOOAH!) to work.

  53. CaptGuyUSMC Says:
    October 30th, 2009 at 6:00 pm

    I just had my introductory interview with Rich Dad coaching and the interview was fairly low pressure, however when he opened up the calendar for a date the first two dates didnt work for me due to a busy work schedule next week, so he said that “your flexibility is part of our evaluation of you” as a potential candidate for coaching. I got my “homework assignment” and scheduled my 1-hour interview for tomorrow at noon, and after hanging up I read all of your comments. then I went to the Better Business Bureau website and looked up Rich Dad Coaching, and PEI institute came up with a B rating and a number of complaints that were all resolved. PEI was not affiliated with the BBB. I then looked up Cash Flow Technologies and they ARE listed in BBB with an A rating and a complete profile on them including names of all their corporate officers. I called back the number of my “coach” – aka salesman, and left a voicemail stating that I am cancelling my coaching interview because I prefer to deal only with BBB affiliated organizations and that I would seek out a local mentor. Lets see if I get a call back.

    I still have faith that Robert Kiyosaki’s books have value and following the advice in them about good debt vs bad debt and understanding assets vs liabilities and getting out of the rat race.

    For those of you asking whether Robert Kiyosaki is associated with Rich Dad Coaching, it appears to me that he has licensed his name to a coaching product sold by PEI, which handles Carleton Sheets, Stephen Covey, Rich Dad and other programs. they are a business in Salt Lake City Utah and appear to be a legitimate business that has programs, gives to the community, has employees etc. With a B rating they’re probably not a total scam. I may revisit this another day, but for now, I’ll take control of my own journey.

  54. Vincent Says:
    November 5th, 2009 at 9:56 pm

    Just had my primary interview and indeed it seemed too “High Pressure”.
    In my opinion, a mentor is someone willing to take the time to help you succeed. Is willing to answer your questions and not try to pressure you into something.
    So my question to everyone on this board:

    What is the best was to find a LOCAL mentor?
    I would gladly split profits in THEIR favor if they helped me learn.

  55. Vincent Says:
    November 5th, 2009 at 9:57 pm

    What is the best *way to find a LOCAL mentor?
    (Sorry for the typo)

  56. Wilvan Says:
    November 12th, 2009 at 9:36 am

    Hi All,

    I was also approached by a “sales rep” from rich dad and was quoted something like 5000++ USD. I decided not to join the program as he asked me to pay upfront and give me the reasons of IP protection, etc. that they need to get the fees first! It was a total rubbish!

    I recommend not to join the program unless you are really sure it is what you want!

  57. Dman Says:
    November 12th, 2009 at 2:56 pm

    I always love seeing people that like to BASH individuals because of the success they have created for themselfs…Lets see everyone that is interested in this program, are there to MAKE MONEY!!! However it is apparent that some people have a problem with Robert Kiyosaki having the same financial goals. I find it so funny and ironic how SOOO many people can be swayed by the sensless bathroom wall writings that are posted on the internet.

    The truth is is that I have known several people that have gone through different RD coaching programs. Every single one of them that didn’t QUIT and stuck to the plan have all achieved success and their goals…the ones that did QUIT. end up here on websites like this.

    I am personally going through the program now and it is the absolute best investment I have ever made in my life!!! Have been in the real estate program for 6 months, have been able to buy 6 rental properties that is now bringing me in a positive cash flow of $3600 a month with 20 more properties in escrow…there is NO WAY I would be having the success I am with out the RD coaching program.

    I find it sad that people make the habit of quiting and taking advice from complete strangers in order to determine what their success will be…YOU will never make it in this realm. We all know that Robert Kiyosaki, Bill Gates, Warren Buffet, Ted Turner, Donald Trump…ect they all first go to see what the QUITERS have to say about a investment before they can make a decision…

    WHAT A JOKE YOU ALL ARE…HAHAHA….thats ok though you can sit back and keep whining about things while I take ALL the money you would of had a chance at…I REALLY hope you all continue to feel sorry for yourselfs because its making me ONE HELL OF A RICH PERSON….ASTA

  58. Sherry Says:
    November 18th, 2009 at 7:20 am

    Rich Dad Coaching is a total rip-off. You will NEVER get a single penny back as a refund if you don’t cancel within the first three days, and they’ll lead you on for a week or more first before they tell you that. The entrepreneur coaches are NOT entrepreneurs themselves, despite what I was led to believe during the sales call. Let me tell you about my horrible experience with Rich Dad Coaching in more detail.

    I talked with my assigned enterpreneur coach for the first time after being made to wait a month before that session, and at that point it was clear that the entrepreneurial coaching services were not what was described and that the coaching program was not going to be able to help me work through my specific issues related to building my online business. It was all about going through the modules, which is stuff found in any of the Rich Dad books, and not about working through actual business problems.

    In the sales call, I was led to believe that my coach had actual experience building a business, but after the first coaching session when I asked him about it, he said, and I quote directly from his e-mail, “What makes you think that you need someone that has done your exact business to coach you through the steps you need to take to become successful? Success is a process, a mind shift if you will. It is not business specific. It isn’t education specific. It is a process of changing from where you are now to where you need to be.” I agree that a mind shift can be a part of success, but that’s not what I told them I needed or they said I would receive when I signed up for coaching.

    Being within 1 business day after my first coaching session, I called to cancel my program and requested a refund of all charges made by Rich Dad Coaching (a total of 3/4 of the total in the first 31 days, or an outrageous $4,350 with less than one month into the program).

    I received the written materials (basically, just two books) via regular mail about 10 after signing up and about three weeks before my first scheduled coaching session.

    The cancellation policy was not clear in the written materials that they sent me and was totally buried in the middle of the web agreement that I had to agree to. I called within 10 days of when I received the materials, but then was told it was only three days after receipt of materials. The coaching program is one year long, and I had had the materials in my possession less than three weeks at that point, and the coaching is the main program, not the materials that they sent.

    After putting me off and ignoring me for a week, Chad Coles, a “quality manager” at Rich Dad Coaching, finally got back to me to try to convince me that their services were exactly as described. After deflecting my questions about a refund, he finally admitted that they were going to give me NONE of my money back, even less than a month into a supposed one-year program.

    Unless you need some serious hand-holding and you want to review all the materials published in the Rich Dad books, don’t even think about wasting your money on their coaching program. Their entrepreneurial coaches haven’t even started their own businesses.

    I did ask them on the inital sales call why, if the coaches knew how to build a business and become financially independent, were they working as coaches for Rich Dad? The sales rep, Chris Totterer, fed me some crap about how they do it because they want to give something back or just for fun part-time. I’m such an idiot! Please learn from my mistakes and don’t repeat them.

  59. rb Says:
    December 7th, 2009 at 1:07 am

    I just googled this site to see what what was going on for Rich Dad Coaching. I used to work for PEI and the Rich Dad group. I had been involved in enrolling people into coaching programs since 1992 long before Rich Dad started. I got out in 2000 to start building my own real estate investments and take what I had learned and put it into use. And yes, I did the coaching also.

    Read the negative comments on here and you will find the same story appearing over and over again. Almost every one of these complaints have the same thing in common. These people either did not really start or refused to accept accountibility and responsibility for their actions. The statements about not getting their money back are either lies or just plain lazy stupid people. Before a person completes the enrollment process they are told 3 times the conditions of the agreement. THEN THEY ARE SENT A COPY OF IT, AND ITS NOT COMPLEX, (as you can see from the people that cancel).

    Do people have to qualify for the program? Absolutly. Imagine as a sales person that you are willing to spend 60 to 90 minutes talking to someone who is not qaulified or who you know will not follow through. All of the time knowing that if they cancel you just wasted your time with them that could have been spent with someone that really wanted to change their lives. Then find 3 days later that they decided to cancel. (usually because they are afraid of success or failure).

    Also, the interview by a program director is not a coaching session, and these people make sure you understand that before they start. Their job is to find out if you are really ready to make the changes you want to in your life and enroll you into making those changes.

    Some of you ask why would they do it? A better question is why would they continue to do it. Most of the potential clients they talk to dont make it. The sales process is emotionally taxing. It is not uncommon for these sales people to go home at night completly exhausted but feeling fulfilled because they made a difference.(And it could easily be that they only made a difference for one person that day or that week.)

    Lets not forget the coaches. I have worked for years with some of the success clients they have created, in larger real estate deals I was involved in. I know several of the coaches. If you have not been involved in a work that uplifts others and helps them change you will never get why they are there. (Most of them dont have to do what they do, they are already very successful).

    Dont do this or any other coaching because of someone elses good or bad comments. They dont matter, you do. If you dont do a coaching program, the fact is that you will probably never achieve your goals. Why? Just look back on your life and ask yourself how many times have I thought about doing something and years later I am still in the same place.

    When I was involved in enrolling people into coaching programs, over 99% of the people I talked to had never started doing what they wanted to do. I am convinced that most people spend their lives entertaining themselves with the thought of success instead of doing something about it.

    The other thing I remember about those 99% was they always had an excuse for why they had not started. And they had an excuse for why they could not start now. And thats ok because that is part of what they get to change about themselves in the program if they get started. If you are going to become successful, it will only happen when the reason you want your goals becomes more important than the excuses you use to stay where you are.

    I have had several years experience working with very successful people in the business and investment world. Every one of them learned the principles I mentioned above.

    Why do the sales people want you to make a decision when they talk to you? Read the last several paragraphs and understand that they know that even though you may want the results you will talk yourself out of it or let one of the lazy people that are making comments here or in your life talk you out of it. (That makes the people that make neg comments on here justify their decision to not change more acceptable and you just joined their army).

  60. mark100 Says:
    December 19th, 2009 at 7:31 pm

    Yesterday, I was “interviewed” by a representative of the Rich Dad Coaching organization. It was a very persuasive hard sell, using many of the psychological techniques we are all familiar with, and I enrolled in the coaching program. The sales rep encouraged me to put the $5800 tuition on my credit card, so that “I would be using other people’s money”. I felt uncomfortable during the interview process, but enrolled because the sales rep was very persuasive, and I am favorably impressed with Robert Kiyosaki’s books.

    During our several calls, I had occasion to call the sales rep back by calling the last number he called from, and the phone was answered “Professional Education Institute”, not “Rich Dad Coaching”. This was a bad sign.

    Today, after reading these blog posts, I cancelled my enrollment, by FedExing a letter of cancellation, with return receipt signature required. My cancellation letter will reach them Monday morning, and their signature on the return receipt will be proof they received it, so they cannot claim I did not send them my cancellation notice within the legally required 3 day time limit. I also had paid my first tuition payment by mailing them a credit card convenience check, so I called the credit card bank and told them to stop payment on the check, just in case Rich Dad ignored my cancellation letter. Overall, I am out about $67 for the FedEx and stop payment charges, but I am chalking this up to lesson learned.

    I am going to start a business in the next couple months, and after thinking about the possible benefits of the coaching program, and reading about others’ experiences on this blog, I think I can make better use of my $5800 than paying for the telephone coaching. Working capital for a startup is always in short supply.

    I would have felt much more positive about the coaching program if the payments were stretched out over the 12 months of the program, if I could cancel after an initial trial period (less some reasonable fee, say a few hundred dollars), if I had been able to interview my actual coach and change coaches if we were incompatible, and if the Coaching Program had a financial stake in my subsequent financial success. As it is currently structured, the student pays all the money up front, and there is no upside for the coach if his student is successful, so the incentive for the coach is simply to take the student’s money and then become unresponsive after a couple months.

    I have learned that if anyone urges you to take action without thoroughly thinking through something, they are probably trying to scam you. Saying you should avoid “paralysis by analysis” in the context of committing to pay someone thousands of dollars is really urging you to not think. Why not let the potential student think through his purchase for at least a couple days? If you were going to put $5800 into an investment, you would certainly want to do your due diligence, which means spending a few days at least gathering info about the investment and thinking things through. This is not “paralysis by analysis”, but simply avoiding rushing in and making a possibly bad investment. I am sure Robert Kiyosaki himself would urge doing due diligence on any potential investments! So, the pressure to sign up quickly was another red flag.

    I do think that Robert Kiyosaki’s books and videos and cash flow games are very good and worth buying and using. But the coaching program, as currently structured, is probably not worth enrolling in.

  61. Nursing Board Exam Result Says:
    December 27th, 2009 at 5:43 am

    I admit I love Kiyosaki’s books!!!.. The approach is very practical and captivating.. All you post here(especially from John t Reed’s Website) have enlightened me on the darker side of RD scheme. Thank you all. It’s always great to keep an open mind…

  62. nate Says:
    January 3rd, 2010 at 12:29 am

    I havent used his service but i am sure that it is awesome training. I am sure its not cheap. I am a big fan of The rich dad stuff and yes there was a “rich dad”. I dont know his name but he was the one that started the 7 eleven stores.

  63. Ramzi Says:
    January 11th, 2010 at 7:52 am

    Guys there is no free lunch out there!

    Honestly i’m going to have disagree with 90% of the posts here… people who have discredited RDC due to feeling ripped off are only saying this because they have not experienced the coaching program.

    i am just a regular guy living in Jordan and i usually get discouraged easily and i usually don’t start my business dreams… so i needed something to kick start things for me, i need someone there to tell me i’m doing the right thing and answer tough technical questions… and 3 months into it i can honestly say i have the confidence to start any business no matter the industry… this is priceless.

    Furthermore my coach is extremely knowledgeable, friendly, honest and understands the situation and always responds to my emails. The director Travis at the beginning was asking questions to see whether or not i would fit this program, yes it’s a sell but that’s what life is all about you need to sell to make it, when you start your own business you need to sell – that’s the bottom-line… i paid approx $6000 for the program that lasts for 12 months and hands on training for 4 of those months and their guarantee is they will not leave until you finalize your business plan, even if it takes you longer than a year! I’m sorry that’s commitment! Do you know how much training costs for a 2 day program costs here? $2000 with absolutely no way of properly retaining the information…!

    Was I scared to start yes i was, am i rich already, no I’m not, that’s because i’m still working on the business plan – my knowledge of business and financials has increased tremendously, but this is what life and business is all about taking a risk on something that you aren’t quite sure of and that’s why some are successful and others are not – and that’s why I am proud of myself for taking the step in improving my life…

    Furthermore their resource center is just absolutely fantastic, the amount of things you can read about and this is something you can save a use again and teach others… so it’s worth it and i really feel sorry for the ones who didn’t take the chance on this. RDC is only a waste if you don’t use the skills you learnt, they won’t give you insider information that’s top secret that’s not how it works… they give you the map and you need to follow it and trust it based on whatever your dream is! Let me give you a little example situation – When you take driving lessons do you ask to see your instructor before? No! And after you get the lessons don’t you use the basic principles of driving? You better or else you’ll be getting into a lot of accidents and getting a lot of violation tickets… that’s basically what this is all about… you need to put your paranoia in check and learn to trust if you need it great! But as far as I’m concerned I want to make at least a million investing $6000 to make a million sounds pretty good to me, it’s just up to me how much I want to make! Life is short it really is, stop procrastinating and get your life in gear, whether it’s with RDC or not get your life in gear – do whatever works for you and stop wasting time complaining do something about it.

    Mark 100 I fail to see what you really learnt out of this except knowing that you didn’t take the risk and moreover learnt how much it costs to fedex something – I’m sure they’ll give you your money back – they’re not worried about quantity of students but rather quality.

    My name is Ramzi I have been in this program for 3 months now with another month to go with my coach and I’m happy so far! If you have any questions at all please email me at Ramzi_g@hotmail.com

  64. Ellen Says:
    January 23rd, 2010 at 1:37 pm

    We have been through the Rich Dad real estate coaching and it was GREAT! Very informative, good structure, process and accountability but it required a level of commitment and time on our part. End result – rental property with positive cashflow and a plan to continue forward over the next months and years. It’s all comes down to what you are will to put into – some can do it on their own and if so – go for it – if not – don’t knock it until you tried it and seen it through.

  65. Adam Says:
    March 4th, 2010 at 6:44 pm

    I am from poland and i gave rich dad coaching my phone number as a joke to get know how this scam works. They called me twice, interviewed my financial situation, goals and proposed a tuition of 2499 dollars for unlimitted time of coaching (until I succeed). I laughed that it’s an otrageous price so they went down into 899$ a year with written warranty from R.K. and proposed to put it into my credit card as a good debt. When I said it exceed my credit limit on the card. He arranged the third call for a next day and made me to call to the bank to expand my limit a card. Next day I said him that it’s no way to increase a limit at my card so what PEI did???? They went down into 99$ a month. OMG LOL!!!!! I gave him fake adress and details of my old and inactive CC which was declined so they prposed me to go to the bank for a new a card and proposed the coaching for only 1$ in first month and 99$ monthly later. OMG LOL They are really greedy :]

  66. Rahul Says:
    April 1st, 2010 at 3:17 pm

    I attended their 3 day training, it was pretty good.But the coaching did not seemed to good,as their cost varies from $1000 to $5000 based on the
    candidate.It was 12 days tele-coaching with the coach.I bought it for $5k but then canceled it as it did not seems helpful to me.
    1) they mentioned lots of tools they have but no tool for stock analysis.
    2) they were asking to buy other products after paying this much fees.

    Also i believe if i pay $5k i want face to face traning with the coach.Not just on phone And their study material is quite basic. you find related stuff on investopedia or stockcharts.com..
    and after 12 weeks(1 day each week), they mentioned it is self-coaching.means finding your way on your own.Then what i am doing right now.
    I wish if they can improve their standard. especially customer care, as they are very rude while talking about money.

  67. Iain Says:
    April 10th, 2010 at 4:57 am

    I had my “interview” yesterday. The experience was unpleasant enough to do some googling which led me here, and then to John T. Reed’s site.

    All you need to “qualify” is an ability to immediately part with cash, as far as I can tell.

    In my case, I was asked about “lines of credit”, but they were only interested in my credit card and its limit. I told them the limit was £4500 (UK credit card) and he quoted me £4816 for the course, saying that I only needed to pay 50% now, and that RK recommended using Other People’s Money to finance the course. As with all large purchases, it is worth haggling over the price, and telling them your credit card limit seems to be how they set the price.

    I nearly bought, but I had a gut feeling that something was wrong. I said I had a concern – that I was living in Spain and this was a US company who may not have enough relevant experience to coach me – which is a perfectly valid point, but which was never addressed. I was told that they had had been coaching people in places like Malaysia, and that they had had great success with people “in my area”. This was just too vague for me and I repeated that this was a concern.

    At this point he became rude and almost abusive. He told me that I was not willing to admit that I was “scared”, and that that was what was holding me back. He tried to use the answers I had given him against me, as well as tactics that others have already described. I suppose he could see that he had already lost the sale, so he told me that I was “uncoachable” and, in an angry tone that we would “have to part as friends”, that I would probably be back in a few months when the cost had gone up and then hung up on me!

    So, I will be taking my money to a local financial advisor and getting some professional advice. I will continue to search for a mentor, and reading books to learn about investing.

    Of course I have no idea what the coaching would have been like. All I can say is the sales tactics stink, and that has not only put me off buying the coaching, but Robert Kiyosaki as a brand. A minority of posts have indicated that the coaching has been a good experience – if that is true, then this way of selling is repelling a lot of your best students.

  68. Boris Says:
    April 29th, 2010 at 3:02 am

    I bought the coaching program and yes they have a hard selling technique which basically puts you in a position to answer immediately a yes or no,,,or we part friends.. I recieved the material 10 days after and a coach called me. She was always lost not knowing our case and sometimes mentioning the wrong names of other customers. Only half an hour a week and she never answered accurently the answers we asked her. I was very dissapointed with there way of coaching and called them to cancel,,a guy called Chad spoke to me being very unflexible and basically denying my request to cancel. I decided to cancel, sent the materials back with UPS and called my credit card. They did not contest the creidit card 45 days after, according to law and on April 23 they sent me a letter of payment request,, if I don’t pay they’ll send me to collection. I will call a lawyer to represent me. Kiyosakis books a great but this coaching program does not meet expectations just research well before and make you’re decision wisely.

  69. Sydney sider Says:
    May 13th, 2010 at 9:51 pm

    Hi all, my husband has read the rdpd books & has currently been offered a course as many of you had. I’m so concerned by the immediate payment I’ve told him that we will not be proceeding.
    He is still very interested in the stock market, can anyone recommend a course he can undertake?

  70. Rosita Says:
    May 30th, 2010 at 2:06 am

    Hi, I should have read this post earlier. Yesterday I was called by “the program manager” of rich dad’s coaching for what he called an interview. By the rate he was going I didnt have a good feeling about it, but he kept pushing me telling me I was weak in decision making etc etc and probably not coachable.
    The next thing I asked myself was that if I am not coachable, how come he is spending 2 hours on an international call in order to convince me to pay 10000 $ for a coachingprogram! Doesn’t rich dad say that time is more important than money?

    Also this guy, James T**** was very agressive and when I end up cancelling the program he told me in a very agressive way “YOU’RE A FAILURE, YOU WILL NEVER BE SUCCESFULL AND MARK MY WORDS YOU WILL NEVER BE FINANCIALLY INDEPENDENT”. I was so shaken up by his choice of words and his high tone. When I asked why he was raising his voice…he became even more agressive and said “BECAUSE YOU ARE RAISING YOUR VOICE!!!”.lol…which I was not at all.

    The other thing that bothers me is that somewhere in the middle he adjusted my program to a $4900 fee. He just ‘forgot’to mention the package deal. When I asked about it he was very vague telling me I would be getting material send home. I then asked him what this material included and he started shouting AGAIN telling me “HOW DOES IT MATTER?! YOUR WASTING MY TIME! THIS IS RK WE’RE TALKING ABOUT”. Well I dont mind if it’s RK or the president of my country..WHEN I AM PAYING FOR IT I NEED TO KNOW WHAT EXACTLY I AM PAYING FOR!!!!!

    The other main thing people forget to think about is how can someone who doesn’t know coach you. Coaching is all about finding out who the person is and uplifting them to another level with a program made espescially for them. What’s happening here is bulk sales…this can never be coaching. Also how can the coach get a “feel”for you when he/she is abroad. People search for a local coach!

    Somewhere in the middle I agreed to de $4900 program and gave them my creditcard details. The money was charged but I immediately cancelled after that so they told me the money is frozen on my card and it will take 5 business days to get it back on. Does anyone have any experience with this proces?

    He did however send me a short movie of RK welcoming me to the coaching program, but as I was looking at this movie I was thinking how shallow it was. mere advertising,marketing, sales and BRANDING!.

    I ended up asking James, why he wasn’t financially free. he kept repeating how rich his dad was and how rich he was and that he did it to help people like me. Well judging from his SICK ATTITUDE…i think he is the one who needs help!

    This is a big scam!!! Don’t ever fall for it. It’s a pitty Robert Kiyosaki is linking his name to it in order to expand his “system” of “passive income”. He should be knowing what he is “investing” into, because now he is simply indirectly cheating people and what goes around will certainly come around!

  71. RK Says:
    July 13th, 2010 at 7:23 pm

    Wow i just purchased the coaching program and even I was convinced after reading all of these testimonials.

    I see that everyone is charged a different price according to “what they can afford.”

    Now I am a VERY motivated and dedicated person and I realized that this could have been a good opportunity to learn more about investing…BUT NOT FOR $3,899! If you break down the 30 minutes/week with your personal coach it only amounts to 12 hours for the whole coaching!

    To me, $4,000 is definitely not worth 12 hours of time. This equates to $324.92/hr! The salesmen said that RK doesn’t need the money, nor do the personal coaches…sure they don’t need the money, but the money is their source of PASSIVE income. Robert doesn’t have to go to the call centers himself and talk to the people who want help personally, he created the passive income system and has removed himself from the equation. The salesmen also didn’t let me know about capped time with “my” personal coach.

    Buy a Real Estate investing book, yes it is annoying to learn it all yourself but it’ll be more worth it I’m sure. If you look for a mentor, one will come eventually, but don’t wait for one before you actually start investing, just go out and invest today!

  72. Sharelle Wodehouse Says:
    July 20th, 2010 at 2:19 am

    some one said above:
    “I really liked Rich Dad/Poor Dad because it made me think about liabilities, assets and expenses more than I ever had before. But beyond that, I’m beginning to wonder if it has any value.”

    ROFL… this says it all! I really liked the oyster, it gave me a pearl but beyond that I’m beginning to wonder if it has any value.

    Nope it doesn’t have value. If you don’t know how to use it and you cant find someone who will pay you a profit for it, no thing has value.

    And guys… why are so many people discussing the shell? who cares if it’s faulty. Robert Kiosaki is just packaging. Examine the pearl and if you don’t know enough about pearls get a second and third and forth opinion – on the pearl – not on the shell. And if you make a mistake or bad judgement – on the pearl – not the shell – you will know for next time – keep going.

    I thank those who posted useful stuff here. Much appreciated. I had thought the coaching was free and that they would then try to sell you stuff during the coaching. I thought i could do with a little refocusing at the moment and would ignore the sales stuff. But after the initial phone call, which had all the hallmarks of something that was not going to be free – I looked it up found this site and I wont be doing it.

    The hard and fast rules that you can use to make money and minimise financial damage are all in the first book. If you really got those rules then you just need a bit of encouragement from time to time and remember to ask a good range of people who know more than you. You can get this for free. I sometimes go to those free property seminars – Not to learn anything or buy anything – I would never dream of buying anything there but they are great for getting you “back in the mood”.

    A few years ago, after my marriage ended and I left my husband with just my personal items and about £200 –( i stayed in a sort of store room over a shop for a while) I read the first RDPD book and Russ Whitney’s rags to riches.

    cut a long story short – I now have 10 rental flats/apartment (which I made myself) and two rental houses.

    At age of 40 I converted two large houses into the 10 completely separate flats each with own utility supply and compliant with thermal and sound insulation. I knew nothing about the building industry but i found a bunch of people who knew more than i did about the actual work and i double, triple checked the sums and vital decisions.

    The first set of five flats we actually did in exactly two months because there was a mistake with the loan i was supposed to get and i opened trade accounts with 60days to pay and i calculated and project managed pationately for 60days and we had 5flats – turn-key.

    I kept my eye firmly on net profit and making sure I had enough margin to soak up “the worst that can happen.”

    I made sure I understood ALL my costs and expenses. Hidden costs and unseen costs are killers. I check this over and over and ask at least 10 people smarter and more experienced than me.

    However, I then got complacent and the novelty of watching the financial weather forecast wore off and I felt very stupid indeed when this crises hit. My portfolio is still income producing and not in negative equity but there are other moves I could have made that would have really made me loads of money if I hadn’t stopped paying attention.

    But like it says in the first book, we will make mistakes – smarter people have made bigger ones. Just learn from it and move forward.

    Don’t judge yourself or others too harshly when they screw up even if it seems like a stupid mistake. We all make stupid mistakes whether we like to admit to ourselves or not.

    It is not nice to buy something you don’t need and loose a lot of money doing it but it does NOT mean you are stupid or gullible. If you keep doing it over and over then maybe…

    I never say yes to anything in under 24 to 48 hours. I always first work out what’s in it for THEM. Then I take an honest look at myself and ask will I ever use it – this is where most people get caught – they should have answered “no” but they answer based on their INTENTIONS.

    Once you have the keys to how money works – everything you need to know is in the first book if you read it and fully absorb the key points.
    You don’t NEED to pay for any more information on how to be successful. Look for free encouragement and information.

    You only need an expensive accountant and solicitor when you have a decent amount to loose :)

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