Rich Dad, Poor Dad seminar

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Rich Dad, Poor Dad seminar

Ron Dayley
Clarksville, TN · Member since 2016 · 238 posts · 96 votes
I'm about to walk into a "free" Rich Dad seminar. Any of you been to one? If so, is it worth the time or should I walk out?
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Arpan Patel
Investor · Chicago, IL · Member since 2010 · 504 posts · 191 votes
9y

It's fine and can be good networking. I'd say meeting people there is much more valuable then the content or the pitch. I'd still stay but I'd switch my focus towards having good conversations with the people sitting by you and during breaks.

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  • Arpan Patel
    Investor · Chicago, IL · Member since 2010 · 504 posts · 191 votes
    9y

    It's fine and can be good networking. I'd say meeting people there is much more valuable then the content or the pitch. I'd still stay but I'd switch my focus towards having good conversations with the people sitting by you and during breaks.

    4Reply
  • Jeff CopelandBusiness Member
    Real Estate Broker · Tampa Bay/St Petersburg, FL · Member since 2015 · 1k+ posts · 2k+ votes
    9y

    You can pick up some great info, but be cautious and skeptical, and leave your wallet in the car (I'm dead serious!). They are masterful salespeople and the whole thing is a multi-step sales pitch for training. 

    In the free initial training session, they give you just enough of a tease to make you want to pay several hundred dollars for the three-day session, and the three-day session is a three-day intensive sales pitch for the $40,000+ training package. 

    I made it as far as the three-day session a few years ago, and I got up and walked out on the morning of day three. It was shocking how many people were lining up with their credit cards to plop down $40k (though I suspect several may have been plants).

    I love the book, but hate what the organization has become!

    Copeland Morgan LLC4.770 Reviews
    WebsiteView Page
    2Reply
  • John Meurer
    Investor · Denver, CO · Member since 2016 · 8 posts · 2 votes
    9y

    I agree with Jeff's comments.  I have been to two of their free seminars and paid $500 for a three day seminar.  It was time well spent and I learned a lot, but I didn't see the value in their $30k+ training.  All that info can be obtained through forums like this and building relationships with other successful investors.

    0Reply
  • Neil Goradia
    Developer · Indianapolis, IN · Member since 2012 · 259 posts · 129 votes
    9y

    Understand that the main allure (human nature really) is always to start making $ as soon as possible, taking whatever shortcut you can take. 

    Here's the problem - Would you rather trust people here on this forum who have no outside incentive, or trust "them" who ultimately are just looking for your money? I don't know how many people I've talked to that have gotten stuck with "investments" via one of these guru classes that think they have a great cash flowing property only to realize they completely overpaid for it and are now stuck with a crappy out of state property that is constantly vandalized and in a bad area. 

    I agree with @Arpan Patel, go to network with people in your area and listen to their ideas. Don't buy anything and learn here on BP.

    1Reply
  • Gerold Koch
    Investor · New York City, NY · Member since 2016 · 36 posts · 6 votes
    9y

    Thanks for the input, folks. I just went to the free intro seminar and had to restrain myself not to buy the $500 three day seminar. These guys are masters at selling. Wow!

    2Reply
  • Stacy Woods
    Snellville, GA · Member since 2017 · 4 posts · 1 vote
    9y

    I just left the seminar today, I am thankful for the review that I read on BP which kept me calm,  focused and aware of the sales pitch.  I previously attended the Renovate to Rent seminar and wanted to compare the two.  Renovate to Rent also has a three-day workshop that they were selling during their workshop for about $1,496.  I have since found out they have an online version at a much cheaper price of $299, which I am kind of considering.  I am glad that I found BP because there is a lot a great information out here; I am thinking that, if I find enough here, I won't need the online training!  

    0Reply
  • Haseeb Awan
    Investor · Ottawa, Ontario · Member since 2016 · 225 posts · 46 votes
    9y

    I started my REI career through one of their free seminar. I didn't bought their another course, even though it was temping to. Happy for both the decisions I made. Bp have wealth of knowledge and to be honest you need to start doing it . Network with people in your city

    0Reply
  • Chris MasonPro Member
    Moderator
    Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
    9y
    Originally posted by @Gerold Koch:

    Thanks for the input, folks. I just went to the free intro seminar and had to restrain myself not to buy the $500 three day seminar. These guys are masters at selling. Wow!

     Apply what you learned about selling to your business & keep in mind that just because you're a little better at selling (to tenants balking at the rent, to home sellers, whatever) doesn't mean the rate you charge is required to be unfair.

    Charge a fair price, do good stuff, have a good business (RDPD rule: "mind your business"), be honest in your dealings, apply whatever sales stuff you learn from wherever you learn it & be quick to implement, and the rest will take care of itself!

    1Reply
  • Ozzy Reynolds
    Investor · Henderson, NV · Member since 2017 · 6 posts · 2 votes
    9y
    I attempted to attend the $495 three day "training" this weekend. I knew there would be a sales pitch for additional training but I was hopeful that they would also provide some good information during the three days. Day 1 was nothing more than a pep rally meant to convince you that they can make you rich. I said to myself, "No problem, perhaps they will get into specific content in day 2." Day 2 was more of the same. They would essentially introduce a topic without any real detail and explain that anyone wanting to learn that strategy would need to register for more training. Halfway through day 2, I walked out. It was a total waste of time and money.
    0Reply
  • Johnny Groves
    Wholesaler · Houston, TX · Member since 2017 · 11 posts · 8 votes
    9y

    The "free" seminars they offer is filled with sales pitches... in fact I think that free seminars are really a strategic way that they do lead generation to upsell numerous products and trainings that are not for free.

    Rich Dad Poor Dad trainings are a great place to make connections, however.

    0Reply
  • Anitra Wells
    Investor · Hollywood, FL · Member since 2019 · 3 posts · 0 votes
    6y

    @John Meurer I just paid for the $500 course and that is far as I am willing to go. Did it really help you?

    0Reply
  • Eric Mayer
    Rental Property Investor · Clearwater & Daytona Beach, FL · Member since 2019 · 194 posts · 197 votes
    6y

    Robert Kiyosaki and the like have a ton of videos on YouTube. Including a narrated version of RDPD. I’ve never felt the need to go beyond that, but I’m a millennial.

    0Reply
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