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Old 02-04-2015, 07:07 AM
 
Location: Empire State of Philly
1,921 posts, read 1,740,986 times
Reputation: 3158

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Quote:
Originally Posted by MikeJaquish View Post
Buying a house at $100,000 and selling it at $150,000 does NOT deliver $50,000 mad money to your purse. If you can even ever hit those numbers...
I completely agree with this.
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Old 02-04-2015, 07:28 AM
 
3,490 posts, read 6,100,905 times
Reputation: 5421
Quote:
Originally Posted by LostinPhilly View Post
I recently went to a Rich Dad, Poor Dad workshop in my city and I'd like to get your opinion on this investment strategy.


Although I wouldn't call it a "scam" per se, but I don't think I need to pay 1000$ for a 3-day training just to learn how to "borrow money-buy property-refurbish it-sell", flip homes or buy and rent property.


For those of you who attended one of these workshops, what did you think of it?
Rich dad is a fictional character marketed as being a real person.

The books teach some good common sense, but the workshops are designed to hustle money out of people hoping to escape the working class. I read the books while I was in college and it helped me develop a good sense of how to use money, but his workshops are designed with another business that just subcontracts scam artists that don't know a thing about doing business.

Of note: The author was not rich prior to writing the book, despite his claims about making millions in real estate. Research has shown he was actually a man of only fairly modest wealth prior to generating $80 million through his book writing and workshop business.
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Old 02-04-2015, 12:39 PM
 
4,538 posts, read 6,450,810 times
Reputation: 3481
take his book out of library for free.
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Old 02-06-2015, 03:23 PM
 
Location: NNV
3,433 posts, read 3,754,691 times
Reputation: 6733
I would ask THEM how much Mr. Kiyosaki made in real estate. And then when they don't answer you I believe you will have your answer...
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Old 02-06-2015, 09:03 PM
 
31 posts, read 28,457 times
Reputation: 24
I learn way more from investing with an experienced partner than I ever did from books and classes.
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