• Report: #793519
Complaint Review:

Rich Dad Education

  • Submitted: Sat, October 29, 2011
  • Updated: Sun, October 30, 2011

  • Reported By: timwahl — Glendale California United States of America
Rich Dad Education
4255 Lake Park Bl. # 300 Salt Lake City, Utah United States of America

Rich Dad Education Three-day "training" a sell-up scam Salt Lake City, Utah

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Signed up for Rich Dad education, supposedly a three-day training session on real estate investing for a rock-bottom price of $199.  Most of time at the workshop was the facilitator imparting motivational hype with constant plugs for attendees to invest in high-priced courses Rich Dad offers. By Day three, the gloves came off. It was all High-pressure to buy into additional training, ranging in prices from $11,000 to $67,000.  The "coaches"-c*m-"mentors" who assisted the facilitator applied pressure to buy up. The  homework assignment was to go home and call up our respective credit card companies and plead with them for an increased lien of credit, which, supposedly, was necessary part of teh formula for successful investing in real estate with "other people's money."  As the facilitator said, over and over, "do not question what I say; just do it." The real aim of the increased credit limit was not for investing in real estate at all.  It was to help Rich dad qualify participants for their expensive "advanced training" courses. The facilitator would not allow anyone at the training to exchange business cards or ahve recording devices.  Most of the time was going over the course catalog and her presenting what the advanced training could do for us--to make us rich.  There was also "indispensable software" available, but she could not show it since it was internet-based and according to her, the internet connectivity at the hotel was very slow (which is not true).  This, too, was in the thousands of dollars.  We could buy it but without a demo. This three day session was not about trianing in real estate; rather, it was about paying them to sell sell to us.  I want my money back.

This report was posted on Ripoff Report on 10/29/2011 11:39 PM and is a permanent record located here: http://www.ripoffreport.com/reports/rich-dad-education/salt-lake-city-utah-84120/rich-dad-education-three-day-training-a-sell-up-scam-salt-lake-city-utah-793519. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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