This thread is old but useful. I read it before signing on with Wealthability Nov2019. Bottom line up front – I’m not happy with the service and I likely wasted 5k. Here is the story:
I have read all of the Rich Dad Books. Ton Wheelwright wrote one very good Rich Dad book and he is quoted in many others. The Garret Sutton Books are GREAT and I have used his service to create LLCs. More on that in a bit. So what I really wanted from Wealthablity was a CPA firm with the Rich Dad philosophy.
The Wealthability program is a set of video lessons of Tom teaching his book. The lessons are right out of his book. There are some useful worksheets and tools – but not work thousands. Again – refer to his book.
A Wealthability rep first offered me the “program” for 15k. I said no thanks. Next she offered the same thing for 5k. I said ok let’s try it. It took from Nov 1 2019 to Dec 12 before I was able to talk to my referred CPA firm. That is 30 days right there so they later argue that I am not able to get a refund.
After talking to the assigned CPA representative from the firm (in another state), I said I wanted to talk to the CPA team – and hear about the qualifications of the team. This is Tom’s advice. We set up a call for January (earliest possible) and in the meantime she created a “RoadMap” which was a power point side with shapes to represent entities I may want to set up. That was it.
Jan 6 2020 I have the call with the CPA. Michael from SMEED Inc acted mildly offended that I wanted to ask about his qualifications, philosophy, and services. Still we all tried to be civil while my husband and I asked what we wanted to know. Michael assured us he provides value to his customers.
Not assured, I contacted my Wealthability rep Brad and asked for a new CPA. He tried to "make it right' by talking to us to change our minds – but ultimately nothing changed. SMEED did not provide intake forms or ask us about our current situation or timeline or even look at our taxes before sending us an invoice for the 2020 taxes they were going to do. I contacted Brad again and I still have not received a reply.
Instead of wasting money on Wealthability – buy and read all of the Rich Dad books – particularly the ones by Garret Sutton. Then get a good friendly local CPA.
