Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Guru, Book, & Course Reviews
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

125
Posts
92
Votes
Andrew Cornstubble
  • Rental Property Investor
  • Sedan, KS
92
Votes |
125
Posts

Advise on following Robert Kiyosaki's Rich Dad company's way.

Andrew Cornstubble
  • Rental Property Investor
  • Sedan, KS
Posted

I've been a somewhat active student of personal finance for about 10 years now.  Maybe 75 books?  Several I have highlighted and written notes and go through them from time to time.  I absolutely hate reading.  Always have.  So I push myself to at least read one every few months.  Have a subscription to Forbes to try and stay current.  Follow a few entrepreneurs on Snapchat including Tai Lopez.

I have read most of Robert and his advisors' books and taken about a $600 introductory class.  While it was more of a sales pitch and entertaining crash course on several subjects, I did recieve enough advise to raise my credit score and save more last year on interest and fees than the course cost.  I have also realised the power of credit and how to control myself and utilise multiple cards.  Credit score up from 450 to about 700 now.  

The problem I have are the haters out there.  I honeslty don't care if he claims the easter bunny gave him the advise or if he even follows it himself.  

I'm interested enough in his more expensive classes that we have revolved our lives around taking care of our bad debt and saving for these classes.

More than the lessons from said classes, I am interested in the software that they will provide you.  They boast a large network of buyers and sellers from various locations willing to work together and make deals.

Has anyone ever used these expensive tools?  Do they work?  I'd just really hate to blow 3 years of diligent savings just to be had or make a mistake.  I don't mind making mistakes.  I know this is a part of becoming wealthy.   I have a business that never made a profit and a spare house that I'm not entirely sure I want to ever rent out again.

If anyone has had success or suffered great loss from these classes I would really appreciate hearing from you. You can Facebook msg me at Fear the Beard Trucking LLC if you don't feel comfortable telling your story here.

I'm sorry for the long post but I wanted to be clear on my needs as I have a lot riding on this.  I need to decide wich way to go.  I am selling a beloved motorcycle and dune buggy and possibly my "investment" property just to get ahead and have some wiggle room here.

I thank you if you took the time to read this.

Most Popular Reply

User Stats

6,408
Posts
2,655
Votes
Brent Coombs
  • Investor
  • Cleveland, OH
2,655
Votes |
6,408
Posts
Brent Coombs
  • Investor
  • Cleveland, OH
Replied

@Andrew Cornstubble, thanks for sharing. You wrote: "I'd just really hate to blow 3 years of diligent savings just to be had or make a mistake". My answer is: then DON'T!

I can't quite get my head around the fact that you already have one investment home (congrats), but are thinking of Selling it, just so you can pay for yet another guru course!??

Because guess what the best advice you'll get from spending another $20k+ on their course? Answer: Buy back the investment property you just sold for this advice!

Oh, but that'll be a problem - because you'll have NO money left!

Ah, but if you buy their upgraded platinum course for ANOTHER $10k (out of your credit card this time), they'll explain ways that you can start financing that property again with little or no money down (because any extra money you did have was already handed over).

Please, take some deep breaths. There MUST be a better way to capitalize on your assets that what you're suggesting:- continuing as a "professional student". 

And please promise us you won't sell your investment property for the purpose of gaining enough knowledge to be able to buy an investment property...

[In the meantime there are 100's of previous BP threads you can check out about the Company. Probably most will have the same "There's enough free info out there to achieve goals" focus].

Loading replies...