If you’re a business owner or wish to be one, you’ve likely heard about Robert Kiyosaki, who became known for his book Rich Dad Poor Dad.
It’s a book that’s inspired millions of individuals around the globe to think differently about money and how to grow wealth.
That’s why, when an opportunity for a free seminar with the “Rich Dad Poor Dad” brand comes in, people get excited and eager to jump in quickly.
But does it really live up to the hype?
Will you go home richer or will you be thousands of dollars poorer?
We’re going to review Rich Dad Poor Dad to decide if it really is the best investing course out there.
We’ll talk about whether investing is the right online business for you.
At the end, I’ll answer some of the most frequently asked questions regarding Rich Dad Poor Dad and investing in general.
And most important, I’ll show you the exact system I used to build my own internet marketing business to over $40,000 a month in mostly passive income.
This system made me swear off conventional investing for good, because it uses some of the same skills in a much more powerful and profitable way!
Let’s get into it.
One of the popular issues about the Rich Dad series is that no one can get some proof of “Rich Dad.”
Mr. Kiyosaki says in the book that Rich Dad has several of the best real estates on Waikiki Beach, and it is among the wealthiest people on the island of Hawaii.
Nevertheless, researchers for several magazines have researched the real estate files of Hawaii, and cannot come across such an individual.
In reality, Mr. Kiyosaki has told many stories about the present whereabouts of Rich Dad. At least once, he reported that Rich Dad has passed on.
Another time, he reported that Rich Dad had developed a disability. In one more book, he says the family of Rich Dad asked not to be recognized.
And in one more instance, he reportedly mentioned that Rich Dad isn’t one true individual, but a composite character based on some of his advisors, such as his best friend’s dad (the orig “Rich Dad”), Dr. Buckminster Fuller, along with several others.
In an interview with SmartMoney magazine, released February 2003, Robert Kiyosaki provided an answer that appears amazingly sincere:
“Is Harry Potter real? Why don’t you let Rich Dad be a myth, like Harry Potter?”
That’s exactly what we want to know!
Is he a fictional character or not?
Mr. Kiyosaki mentioned many times in Rich Dad Poor Dad that “this is a true story about my two dads.”
On top of that, the book was published as non-fiction.
So to discover the character of Rich Dad is simply a character, not a true person, certainly throws his reliability in doubt.
If you’ve got a spare $90,000 lying around, there’s limited value in joining the three-day Rich Dad Poor Dad seminar. This may also be said for the mentorship program if you want to be a real estate investor.
While there’s value in acquiring investment knowledge in the three-day program, the free one-hour workshop creates many wisdom nuggets and forms an excellent starting place.
There were four important lessons from Rich Dad, Poor Dad which can change your financial life:
This particular lesson is now such a cliche that lots consider it to become a myth. But it is completely true.
Among the characteristics that separate the wealthy—particularly the self-made rich—from others is the focus on saving money.
Among the main misconceptions a lot of have about wealthy people is the fact that they all inherited their money.
But that belief set is self-defeating. Look at anybody who’s a self-made millionaire, and there is an excellent chance they spent the majority of their life acquiring assets that generate earnings.
This is not an effort to demean any person that spends their life working for another person. Rather, it is to emphasize that doing this holds the risk of financial struggle for nearly all individuals.
The fundamental limiting element with simply being a worker is you are consistently trading time for cash.
And since you only have a certain time to give to your employer, it makes a total limit to how much you can earn.
Robert Kiyosaki has piled himself a good chunk of money, but he’s not a billionaire—yet. He has a net worth estimated at $100M to be exact.
While I agreed with many of his concepts about money, I was a bit disappointed in the book since I felt misled by the subtitle: “What the rich teach their kids about money — that the poor and middle class do not!”
Although much of the book talks about the financial lessons Kiyosaki learned from his two dads, I think this particular book’s market shouldn’t be parents but people thinking about investing in real estate.
Learning how you can invest in real estate and lose less of your earnings to taxes isn’t what modern children have to understand about money.
Rich Dad, Poor Dad is among the dumbest financial advice books I’ve previously read. It has several factual errors and countless doubtful accounts of events that supposedly occurred.
Kiyosaki is a motivational speaker and a salesman. He has no monetary knowledge and will not disclose his supposed real estate or other investment results.
The Rich Dad free seminar may appear extremely attractive if you’ve read any of Robert Kiyosaki’s books. But be mindful this won’t be the same.
The free seminar is primarily long and extremely clever sales pitch. I was aware there’d be certain selling, but this has taken it to a higher level, and they’re master at creating hype and getting individuals to invest cash without thinking.
Therefore, if you go, just understand that there’ll be plenty of selling to happen, and they could be really convincing.
That being said, if you know you can’t afford to purchase a paid seminar, it’s possibly far better to leave your wallet and credit card at home.
I’d suggest that you stick with Kiyosaki’s books for ideas. If you’re keen on getting financial freedom, then find another way to build a business than visiting the Rich Dad free workshops.
You can be inspired and make money with Rich Dad education, but it will not be an easy feat. Classes alone can’t get you to financial freedom. Finance skills come from experience and actually getting your hands dirty.
You can certainly make money with investing, but if you’re gonna put in the amount of grueling work to become an investor (which, trust me, isn’t easy), you might as well bring in some REAL money.
The program that helped skyrocket my online business to $40,000+ per month teaches some of the same investing skills, but shows you how to monetize them in a much, MUCH more profitable way.
The Rich Dad, Poor Dad is not a scam. Just be wary that the event involves plenty of sales pitches about real estate investing.
It is entirely possible to build a profitable, successful investing business… But there are better ways to build a business other than with investing.
Because unlike Rich Dad Poor Dad, it actually provides real proof of real success from real people as recently as a few days ago.
It’s legit by nature, but beware because the seminars have a lot of selling, especially from Kiyosaki’s business partners.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming an investor, you’ve got way better options than Rich Dad Poor Dad.
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense…
Where Rich Dad, Poor Dad falls short is in getting your feet wet. Because in order to make a good amount of money with investing, you have to have to be diversified.
And who has to time to learn all of this anyway?
But what if someone could show you step-by-step how they built their business so you can avoid all the pitfalls?
That’s exactly what this program teaches you.
With Local Digital Real Estate, you will be getting service requests from multiple sites at every minute of the day from people who are willing to pay a lot of money for what you can provide them.
I was watching a YouTube video once where the host made a comment that it isn’t about making a lot of money from one website… it’s about making a little bit of money from lots of different websites.
So, think of it this way….
What if you could have streams of investment income where you operated 10 rental units that you could charge anywhere from $750-1,000 per month?
That’s $7,500-10,000 per month in passive income!
What If You Invested Into 100 Rental Units?
But instead of spending $Millions to build houses or apartment complexes… you spend a couple hundred dollars to build websites.
You then get those websites ranked in the search engines for specific home-based services that customers are searching for.
Next, you offer your lead generation system to local business owners who are looking for customers and are willing to pay you for their information.
You’ve just created a Digital Real Estate Investment Empire that is potentially earning you 4-5 figures in PASSIVE INCOME on a monthly basis without spending a single dime on ads.
With conventional real estate, you have to compete with thousands, if not millions of others who are selling the SAME product to the SAME customers.
Once the training program is completed you will also have access to a Facebook group much better than the Rich Dad Poor Dad group in our opinion. This group is much more active.
Unlike Rich Dad Poor Dad, where you’re profiting maybe $2,000 per investment (before expenses), you could be getting 5-10X THAT.
With Local Lead Generation, the competition is virtually nothing and your profit margins are 85-90%… and it’s RESIDUAL!!!
That means you’re making money month after month whether you go into the office or not…
Now, I could go on and on, but I’m sure you have tons of questions about how to create Digital Real Estate assets and start building YOUR digital empire!
Took this course when I was younger and completely agree.
At one point they were pitching raising credit card limits in the name of “getting what you ask for” but it was clearly a ploy so people could afford the ridiculous cost of mentorship.