"Rich Dad, Poor Dad" seminars ask students to increase credit line to $10K on 2nd day of class

[Liberal_in_LA]

Sarah Newsome recently graduated from the University of Missouri-Columbia. On top of paying back her student loans, she also now has about $7,250 in credit card debt after signing up for an advanced Rich Dad real estate investment course.
Get-rich seminars can cost consumers dearly

She waited a week to ask for a refund, missing the company's three-day refund window. Still, she thinks she should get a full refund because she never attended a class. On top of that, when she tried to use the course software that was supposed to identify potential investment opportunities, she said, she didn't find any local properties in the database.

She had paid $500 to attend an initial three-day Rich Dad seminar last summer. It seemed legitimate enough, she said. After all, it was associated with the best-selling book "Rich Dad, Poor Dad" by Robert Kiyosaki. And on the first day, she did learn some things about real estate.

"The second day, though, they had us do certain things that when we look back now look fishy," she said. "Slowly it turned into this gigantic sales pitch."

During a break, they asked students to call their credit card companies to increase their limits to $10,000 as a supposed lesson in negotiating. They wouldn't learn until later that $10,000 also happened to be the cost of the cheapest Rich Dad advanced classes that the company tried to sell them on during days two and three, she said.

:wow:

http://www.stltoday.com/business/local/article_95220433-0220-5974-a6ff-7f1e9f37b00b.html

[beyurslf]

1. If it sounds too good to be true....

[valerief]

2. Bingo. nt

[regnaD kciN]

3. Only $10K? Boy, how the mighty have fallen...

From accounts I've read, they used to dare people to ask for an increase to $100,000.

More info here.

[Liquorice]

4. I've read that Robert really made his money through his wife's incredible

business sense. She was a millionaire before she even met him. He was not. Maybe he should have named his book, "Rich Wife, Poor Wife" but I guess that doesn't have the same ring to it.

[no_hypocrisy]

5. Similar MO for "Trump University".

Trump's "University" Accused of Scamming Customers
http://www.huffingtonpost.com/2011/05/06/trump-university-scammed-customers_n_858587.html


BTW Trump and Kiyosaki have held lectures together as headliners in the past.

[SpiralHawk]

7. Republicon Family "Conservative-style" Economic Values

The same Republicon Economic Values and practices that totally trashed the US budget and economy for generations to come.

'conservative' my ass.

[CBGLuthier]

6. I always felt sorry for the idiots who fall for this crap.

cynicism may make me unpleasant but nobody has ever scammed me and nobody ever will. Every single get rich scheme is a load of shit. Hard work or pure dumb fucking luck are the only paths to wealth.

[The Backlash Cometh]

8. It reminds me of the desperation that sits out there.

[raccoon]

9. K&R. What a scam. nt

[marmar]

10. I'm astounded that people still fall for this.

You truly can fool some of the people all of the time.

[Dappleganger]

11. That guy and his methods are nothing but a scam anyway.