Monday, March 31, 2008

Rich Dad Education: Learn To Be Rich - Classic Bait & Switch

My wife and I attended a free Rich Dad Education "Learn To Be Rich" sales pitch. They sold us on a seminar ($500 for both of us), listing all this real estate information and different investment techniques that would be taught. We didn't know much about real estate so the seminar was marginally beneficial to us, but in hindsight was nowhere near the $500 it cost. It was a classic bait & switch situation where they gave you just a little information and tried to sell us on software and two day seminars with real "in depth" training. The seminar packages ranged from something like $7,500 to $60,000. While all energized at the seminar, we signed up for a $15,000 package with four two-day courses -- or something close to that. Luckily, my friend, a real estate agent, talked some sense into us and we decided to take a different course in our real estate education. We were still able to cancel. Beware to all.