I went to a free "Rich Dad Poor Dad" training seminar about investing last night, and I couldn't figure out why there was so much pressure to pay $200 on the spot to sign up for additional trainings right then and there if the material was supposedly "soooooo good"?
The entire 2.5 hours was seeped in slimy manipulative controlling sales tactics and anecdotes. After researching reviews about this company, I was not surprised to find countless horror stories of people claiming they had been scammed out of $1,000's of dollars by this company. Even though I thought the original "Rich Dad Poor Dad" book was really enlightening, I've officially lost all respect for Robert Kiyosaki and the Rich Dad brand... not that he would care. I do believe there probably is a decent amount of substance in these "trainings", but the cheese ball tactics they use to try and pressure the average everyday joe into signing up for them is beyond laughable.
I guess this reinforces my rule to scrutinize anything with the word "rich" in the title, VERY carefully.
Showing posts with label robert kiyosaki. Show all posts
Showing posts with label robert kiyosaki. Show all posts
Friday, February 22, 2013
Sunday, January 6, 2013
Why I hate loving Dave Ramsey
I have grown to love Dave Ramsey, which I hate. It has taken me a long time to acquire this attitude, because his no debt program makes me assume that he assumes that I'm an idiot who can't manage my money.
I do realize, though, that the ridiculous simplicity of his program DOES and CAN apply to every single person, and I DO think most people need it.. There is a reason why credit card companies are so darned successful and why they can afford all these "cash back" and incentive programs; they ALWAYS win more than man.
Just because the credit card companies always win more though, doesn't mean that there aren't undefeated men. My qualm has always been in the narrow minded mind-set that all debt is entirely evil. Ramsey's contrarian (in my mind), Robert Kiyosaki, advocates leveraging debt as a wise tactic, namely through Real Estate.
Real Estate is the bread and butter of practical investing, in my book. Yes you can have hundreds of thousands of dollars in mortgage debts, millions for that matter, but if you have a good cash flow on your rents, even in a bad market, how is this debt evil? Not only do my rents satisfy the debt, not only do my rents build equity and my net worth, but once the mortgage is paid, I'm still getting paid all the more. This does not seem evil, in my book. It seems more like the epitome of practical wisdom, even if you have a student loan or a car payment.
I'm not saying by any means leveraging debt is a wise route for everyone, I'm just pointing out the mere fact that not everyone has a problem paying bills on time and buying too much impractical crap.
I do realize, though, that the ridiculous simplicity of his program DOES and CAN apply to every single person, and I DO think most people need it.. There is a reason why credit card companies are so darned successful and why they can afford all these "cash back" and incentive programs; they ALWAYS win more than man.
Just because the credit card companies always win more though, doesn't mean that there aren't undefeated men. My qualm has always been in the narrow minded mind-set that all debt is entirely evil. Ramsey's contrarian (in my mind), Robert Kiyosaki, advocates leveraging debt as a wise tactic, namely through Real Estate.
Real Estate is the bread and butter of practical investing, in my book. Yes you can have hundreds of thousands of dollars in mortgage debts, millions for that matter, but if you have a good cash flow on your rents, even in a bad market, how is this debt evil? Not only do my rents satisfy the debt, not only do my rents build equity and my net worth, but once the mortgage is paid, I'm still getting paid all the more. This does not seem evil, in my book. It seems more like the epitome of practical wisdom, even if you have a student loan or a car payment.
I'm not saying by any means leveraging debt is a wise route for everyone, I'm just pointing out the mere fact that not everyone has a problem paying bills on time and buying too much impractical crap.
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