If you have your own online business or want to start one, you’ve probably heard of Robert Kiyosaki, best known for his book Rich Dad, Poor Dad.
It’s a book that has inspired millions of people all around the world to think differently about money and how to build wealth.
That is why, when a chance for a free seminar with the “Rich Dad Poor Dad” brand arises, people are ecstatic and willing to participate as soon as possible.
But, does it live up to the hype?
Will you return home wealthier or thousands of dollars poorer?
We’ll examine Rich Dad Poor Dad to see whether it really is the greatest investment education available.
But before that…
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like Rich Dad Poor Dad Seminar. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like rich dad poor dad, and that’s probably a good thing.
However, if you’d still like to know more about Robert Kiyosaki, keep reading.
Is Rich Dad Poor Dad A Real Story?
One of the most common complaints about the Rich Dad series is that no one can get confirmation of “Rich Dad.”
According to Mr. Kiyosaki’s book, Rich Dad owns some of the top real estate properties on Waikiki Beach and is among the richest persons on the island of Hawaii.
Nonetheless, researchers for many periodicals have scoured the Hawaii real estate archives and have not found such a person.
In actuality, Mr. Kiyosaki has given several tales concerning Rich Dad’s current location. At least once, he said that Rich Dad had died.
Another time, he reported that Rich Dad had developed a disability. In one more book, he says the family of Rich Dad asked not to be recognized.
And in one more instance, he reportedly mentioned that Rich Dad isn’t one true individual, but a composite character based on some of his advisors, such as his best friend’s dad (the orig “Rich Dad”), Dr. Buckminster Fuller, along with several others.
In an interview with SmartMoney magazine, released February 2003, Robert Kiyosaki provided an answer that appears amazingly sincere:
“Is Harry Potter real? Why don’t you let Rich Dad be a myth, like Harry Potter?”
That’s exactly what we want to know!
Is he a fictional character or not?
Mr. Kiyosaki mentioned many times in Rich Dad Poor Dad that “this is a true story about my two dads.”
On top of that, the book was published as non-fiction.
So to discover the character of Rich Dad is simply a character, not a true person, certainly throws his reliability in doubt.
Are Rich Dad Courses Worth It?
If you have $90,000 laying around, there’s hardly much use in attending the three-day Rich Dad Poor Dad conference. If you wish to be a real estate investor, the same can be stated about the mentoring program.
While there’s value in acquiring investment knowledge in the three-day program, the free one-hour workshop creates many wisdom nuggets and forms an excellent starting place.
Actually, the first night’s homework assignment was to check your FICO score and contact your credit card companies to request maximum cash advance increases in order to pay for your continuing education and finance your start-up account! This is absurd.
What Does Rich Dad Poor Dad Teach You?
Rich Dad, Poor Dad taught four crucial truths that might improve your financial life:
1. A Lot Of People Work For Money—Wealthy People Have Money Work For Them
This specific lesson has become so clichéd that many people believe it has become a work of fiction. But in reality it’s completely true.
2. It’s Not How Much Cash You Are Making That Matters—It Is How Much Cash You Keep
Saving money is one of the traits that distinguishes the wealthy—particularly the self-made rich—from others.
3. Wealthy People Acquire Assets—Not Liabilities They Believe Are Assets
One of the most common misunderstandings about affluent individuals is that they all inherited their fortune.
However, such belief system is self-defeating. Look at any self-made billionaire, and there’s a good probability they spent the bulk of their lives accumulating assets that produce income.
4. Working All Your Life For Someone Else Can Result In Financial Struggle
This is not meant to belittle somebody who spends their lives working for someone else. Rather, it is to underline that doing so puts virtually all people in financial jeopardy.
The underlying limitation of merely being a worker is that you are always exchanging time for money.
And since you only have a specific amount of time to devote to your employer, your earning potential is severely limited.
Is Kiyosaki A Billionaire?
Robert Kiyosaki has amassed a sizable fortune, but he is not a billionaire—yet. He is reported to have a net worth of $100 million.
Is Rich Dad Poor Dad Worth Buying?
While I agreed with many of his financial notions, I was let down by the book because I was deceived by the subtitle: “What the affluent teach their children about money – that the poor and middle class do not!”
Although most of the book discusses the financial lessons Kiyosaki received from his two fathers, I believe the target audience for this book should be those thinking about investing in real estate rather than parents.
Rich Dad education may encourage you and assist you in making money, but it will not be easy. Financial freedom will not be achieved just via education. Finance freedom is acquired by putting what you learn into practice.
Is Rich Dad Poor Dad Bad Advice?
Rich Dad, Poor Dad is one of the most questionable financial advice books I’ve ever read. It contains multiple factual inaccuracies as well as several dubious claims of alleged incidents.
Kiyosaki is a salesperson and a motivational speaker with a decent level of financial knowledge.
Is Rich Dad Poor Dad True?
If you’ve read any of Robert Kiyosaki’s books, the Rich Dad free seminar may seem quite appealing. But keep in mind that this will not be the same.
The free session is mostly a lengthy and very smart sales pitch. I knew there would be some selling, but this has taken it to a new level, and they’re masters at building buzz and convincing people to commit money without thinking.
If you attend, just be aware that there will be a lot of selling to do, and they may be quite persuasive.
That being said, if you know you can’t afford to purchase a paid seminar, it’s possibly far better to leave your wallet and credit card at home.
I’d suggest that you stick with Kiyosaki’s books for ideas. If you’re keen on getting financial freedom, then find another way to build a business instead of visiting the Rich Dad free workshops.
Is Rich Dad Poor Dad Seminar A Scam?
So, is Rich Dad Poor Dad Seminar a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To Rich Dad Poor Dad Seminar?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Real Estate is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With a seminar, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4)Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with Rich Dad Poor Dad Seminar, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like the Rich Dad Poor Dad Seminar which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.