The CBC Marketplace recently ran an undercover investigative piece on Robert Kiyosaki’s Rich Dad, Poor Dad real estate seminars and their results were less than stellar. The seminars cost $500 and last for 3 days. By the end of the three days, you’d think you’d have some information on how to make more money or better your standard of living. Instead, the CBC found that the $500 seminar was just a way for Kiyosaki to continually upsell you on more seminars and products that could cost you up to $45,000.
The CBC writes…
Robert Kiyosaki, best-selling finance author of Rich Dad, Poor Dad, has spun-off his book into a self-help empire of TV shows, board games and investment seminars — a string of which are scheduled across Canada. But rumblings are being heard from the hundreds of hotel ballrooms across North America where Kiyoaski’s Rich Dad seminars are staged. The complaints? That initial Rich Dad sessions focus less on education and more on marketing and upselling further sessions that cost up to $45,000.
Marketplace investigates these concerns using hidden camera and reveals the aggressive sales tactics used, where participants are urged to increase their credit card limits after being pressured to spend tens of thousands of dollars on advanced courses.
Erica Johnson asks Kiyosaki directly: what’s really going on? Are Canadians being lured by the Rich Dad name to spend money on weekend workshops that seem really designed to sell them more workshops?
I highly suggest you watch the full 22-minute Robert Kiyosaki undercover piece online at the CBC Marketplace now. It’s quite revealing and could save you or someone you know $500 or even more.
Have any of you been taken in by a Rich Dad, Poor Dad seminar or even book? I’d love to hear your experiences in the comments below.