Business Review

Rich Dad Poor Dad

Overall Rating: Overall Rating
Type of Business: Business Coaching Program
Skill Level Needed: Intermediate to Advanced
Income Potential: N/A
Recommended: No

Rich Dad Poor Dad Review

By David Harris

Rich Dad Poor Dad by Robert Kiyosaki and found at, is a business coaching/mentoring program that has left many people feeling that it provides questionable results. As it is, the price is so overblown that there really should be no question as to whether it should work or not.

I won’t get into the details of his books or his philosophy, which is very interesting and worth learning about, because the focus of this review is on the Internet coaching program.

I will say that I have read and enjoyed the series of Kiyosaki books, and can tell you that there are far better results when you read the books at pennies on the dollar of the cost of his Rich Dad Poor Dad seminars.

Although I definitely recommend that you read his books, the focus of the coaching program is more about real estate than business or marketing.

Having undergone several coaching programs, some more rigorous than others, I found the Rich Dad Poor Dad’s coaching program to be disappointingly short of the mark, as opposed to the results I’ve seen from his books.

Not only are the fees of $3,600 to $4,500 are a bit cost prohibitive, but they ask an extra $400 to $500 an hour for more consulting after the program. To be fair, they do have a ‘free’ resource line you can call, but even that has its limitations.

Add to that your coach’s feeble responses to your email queries and I believe Rich Dad Poor Dad coaching program should be priced at less than a quarter of its current price.

I’ve approached many who have gone through the program and the usual common feelings, like my own, are that though the lessons are good, answers are too broad stroked and they leave you with a sense of disappointment. There is a reason.

Rich Dad Poor Dad is not really Kiyosaki’s own program. He contracts out from other coaching businesses that are familiar with his program.

The website, though is a large virtual store filled with informational materials for sale. The coaching seminars’ DVDs can be found there at a third of the price of the personal coaching program, too. There are even games for children and adults based on Rich Dad Poor Dad topics.

He even sells his name brand for franchising. I would be very careful before investing in his franchise program which starts at $35,000, though. Unless you really know what you are doing and already run a highly successful MLM type business, it won’t be a good investment on your part.

Even if Kiyosaki were to teach me face to face, I would almost still hesitate to spend as much money as the “Rich Dad Poor Dad” charges for their coaching program, however, most of the coaches are not necessarily as experienced in the actual running of their own real business as they would have you believe, and they also do not have a good refund policy system.

As in, no refunds.

Therefore, I have to say that I do not recommend the Rich Dad Poor Dad coaching program to anyone wanting real results in improving their business acumen. Read the books. Your bank account will love you for it.

Thanks for reading…

– David


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9 Comments/Reviews

Just want to say thanks for posting this. I was actually searching for the cost of this. Which I agree is too much. To read your take on it makes me realize even more this isn’t what I need.

Thank you for the post. I have been reading the Rich Dad books and was courious about the coaching. I was quoted $5399.00. Maybe at some level this is a good investment… not. Once I didnt commit financially the conversation was over. I guess I’ll just keep reading and piecing things together.

My husband and I started the coaching program. Our price tag was $10,000. After a few weeks we found that the things we were learning to do could not be achieved in Australia where we live, as positively gearing an investment property for example was just not possible with our over priced housing market. When we tried to discuss this with our coach he wasn’t really interested. We put our coaching on hold while we contemplated where to go with our coaching program from there. Ultimately we found that the program would be of no benefit to us in Australia. Of course no refund was going to be given even though we had only received three or four coaching calls. It was the biggest waste of money I have ever experienced.

Thanks for the post and the comments. I just came off the phone for my interview to see if they found me a good fit for them to coach me and interestingly I was quoted US$2995 almost exactly the amount I told the guy I had available for investing. I’m wondering if persons are quoted based on their ‘interview’ assessment of means and not a set figure for the service. May I ask how you would rate the initial personalized strategic Plan that you received in your first session(just curious).

I also don’t like that you are ‘forced’ to make the commitment NOW or that the name Robert was continually used as though he was sitting there saying if you don’t sign up now then you’re not the kind of Person we’re looking for-it seemed to cheap scammish and not what I would expect for those fees. I feel played and I’m disappointed.

Thank you for your article, I feel less alone :-)
I read some of Robert book and I found them very enlightening, but I’ve more than one doubt by that the way to help people withe their money problems is to ask them to pay expensive courses, relying on the desperation of people.
Regards from Italy

Thank you for the article. I just got off the phone with the Rich dad consultant and I was a little thrown back on the cost of coaching. I was quoted a ball park figure from $4500 to $10k. This guy is getting rich on taking advantage of people and then reinvesting it in the real estate/stock market. I really appreciate it this article.

I recently had an interview with Rich Dad coaching as well and was quoted roughly $5000. When I heard the amount I immediately hesitated and ended the call. For what I felt they were offering the amount did not balance out the service. As I understand it this is a third party company not owned by Robert Kiyosaki, but pays him to use his name.

Best to stay clear and invest your money elsewhere.

Hi. We just finished the 3 day class in Charlottte for a $1000… Don’t waste your time. It’s all flash, gimmicks and trying to sell you a $40,000 class. In addition to being arrogant and condescending they avoided questions and specifics like the plague…only want to talk about how rich they are (without any 3rd party evidence). Complete waste of a weekend….Just read the books with a grain of salt.

An honest advice to all those who have been scammed. I am a business school graduate and I have too been approached by the Rich Dad-scam. A girl told me to read this Kiyosaki book, and I immediately found it fishy that she would not specify the type of business she wants me to start afterwards. I could also not find anything about the name she gave me online – Pretty weird, since she told me it’s an online shop that makes $10,000 a month lol.

Anyways, I digress. Here’s what I recommend to really have a good chance of becoming a millionaire, and it costs much less than a $10,000 scam weekend with a douchebag talking down to you about how great he is.

By the way, I’m an entrepreneur but I haven’t made any money yet. I just happen to know some people who have, and there is no easy way to success. It’s all based on hard work, expertise, and business intuition.

Here’s my personal 6 step program.

Step 1) Gain expertise
Go to your local university and find out what business and MBA students have to read, what they learn. Buy the same books on ebay or amazon and read them carefully. A Kiyosaki weekend costs you $1000 and you learn nothing but splashy sales talk. $1000 also buys you 4-6 academic books about finance, economics, marketing and supply chain management. It’s a better investment.

Step 2) Gain expertise!
If you can, sign up at business courses – especially finance, marketing, SCM and, if you can, BTM. These are the key aspects of founding a business nowadays. If you are not qualified to become a guest at a local university, try a community college – anything that exposes you to an active discussion of these fields is a good start.

Step 3) Find a business partner
AFTER learning the foundations, plan your venture carefully and try to get someone on board. Google frequently hosts “start-up weekends” which cost less than $150 and attract lots of student and adult current/future entrepreneurs. Try coworking spaces if you want to spend money ($250-450 a month for office space/equipment… a fraction of what the scammers charge, and you get actual value for it, albeit no mentorship).

Step 4) Stay away from flashy salesmen-type “mentors”
I can’t emphasize this enough. If someone just yells at you “RICH RICH I MAKE YOU, MONEY MONEY YOU WILL HAVE”, he’s not trustworthy. A credible business mentor will approach you differently. They will make sure that you have what it takes without asking for your financial situation. They will ask for your educational and experience background.
And the biggest difference: They also have a background. Many “mentor” scammers choose to take on fake names which they then advertise extremely heavily on Google search et cetera. Even though some of them claim to have founded successful companies, you will never be able to find any of these achievements on any website other than their own (try it!). They will also never tell you the name of the company – or if they do, no independent website will tell you any details about it. But yes, it’s made them $$$millions and is a huge $ucce$$, sure.

OK, advice over. I will not leave my name, nor do I ask you for any money to book $2500 follow-up sessions with me. This is just well-intended advice from someone who studied commerce and has been researching coaching scams for a few years as a hobby. I wish these guys would die out, but the naive greed and lack of suspicion provides them with an infinite breeding ground.


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