@Ryan M., @Austin Faux, and @Bill Neves
I also paid 25K for a 1-yr Rich Dad Membership and have not had the greatest experience with them. While I would not label them as a scam, because the curriculum does contain legitimate principles you can use, I would call their program hyped-up and over-priced. I feel the structure was horrible for the following reasons: all classes were recorded live and constantly had technical difficulties (lots of empty audio or visual), the classes were on eastern time which was 8-11 PM my time (which was hard to stay awake when you've been up since 5 AM for your day job), if you have a question you have to contact a third party who then transfers your inquiry (2-3 days wait was average to get a question answered), your only face-to-face contact was at the annual symposium. I feel that for 25K I should have gotten a heck of a lot more. It's been 2 years since my membership expired with Rich Dad (now Legacy Elite) and I feel like I made an emotional decision by buying their "education." I too was told by Gregory Downing "just put it on credit card and in 30 days you can close a deal and pay it back." Which in theory, yes that would work IF I had the same skillset and knowledge base that Mr. Downing had - it was easy for him to advise me to acquire that much debt and pay it in a month because he does it for a living. But as a novice investor with lots to learn, it did not work out that way for me.
But things happen for a reason, and I don't have any regrets because if I had not enrolled in Rich Dad and attended the symposium, I would not have met the lady who told me about the program I am now a part of which is 100X BETTER as far as structure, content, and presentation. And I didn't have to pay 25K for just 1-year access. I actually now have a lifetime membership and it only cost me 2K. This program is nationwide but has study groups in virtually every major city where you can meet weekly. Their instructors and coaches take you under their wing, they invite you to connect with them on facebook AND they answer your questions via messenger, phone, and email within the same day. The video courses are pre-recorded online and are also available to download as mp3 so you can listen while you drive. They have live workshops where millionaire-status professionals spend 6 hours on a Saturday sharing their strategies and answering questions. They have bi-monthly property tours where investors open the door for you to invest in their current projects without assuming the full risk of doing a fix and flip yourself.
Since being a member of this new program, they helped me to become incorporated in less than a year with their in-house CPA, I learned how to raise my credit score (and actually got it up to a 784!), they helped me obtain corporate credit, I learned tax and legal strategies, I learned how to pay off a mortgage in 7 years. The focus of this program is not to cram 20 hours of knowledge in your head in a weekend workshop, head on a plan, and leave you virtually on your own. This program takes a vested interest in your financial IQ and wellness, THEN they guide you as you make your investments. More importantly, you are guided by local professionals that are thriving and knowledgeable in your market. One of my coaches grosses an average of 84K monthly.
I just wish I found out about this program before I heard about Rich Dad, but at least I'm with an awesome group now!!
