I went to a Robert Kiyosaki (Rich Dad Poor Dad) seminar

[cwxzeng]

this guy says "he is a sales person.. he was sharp was very polished and entertaining. he moved it along and u can tell he was very trained very well..." pretty fucking trippy lol. he knows hes getting fucked, but he doesnt really fucking know. LOL

[moisesfermin]

what you've just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it.

[cwxzeng]

u sir... are an idiot....

[OccupyWallStreetSays]

Boy this guy is a sheep. He will end up broke like the rest of the sheep.

[drmodestoesq]

Pay 500 dollars now or pay 1000 dollars later if you delay. Sounds like a variation on the Spanish Prisoner con.

[ChesterDoraemon]

Uploaded by silverfuturist on Jan 25, 2010... If this guy stuck to his guns he banked bigtime on gold!

[TheKlink]

One of the things that annoys me about those that shit on trading is how they say you could lose ALL your money. That can only happen of your broker goes bankrupt, like MF Global, which looks like it was acting like a bookie anyway. Otherwise there's such a thing as RISK MANAGEMENT whereby you don't put your entire account on every trade. That WOULD be stupid. Rather, you decide how much you're willing to risk on each trade, & you make that your stop loss. Simple.

[ChesterDoraemon]

@TheKlink nah you can lose everything.

[TheKlink]

@ChesterDoraemon

Having traded for a couple of years now, I can most certainly tell you I have never lost everything. Perhaps you used a bad broker?

[ChesterDoraemon]

@TheKlink you haven't made anything either. trading 10 shares at a time doesn't really mean much at the end of the day.

[ChesterDoraemon]

@TheKlink appreciate your honesty. best of luck to you. I am a professional at this game. Trust me, the only ones winning on balance are the ones that ain't trading their own money.

[TheKlink]

@ChesterDoraemon

People not putting their own money down precisely what got the world into the mess its in right now. I don't leverage, not only would it blunt my already scant upside, it'd napalm me on the downside. That WOULD be a way of losing everything. Hell, I don't even keep all the money I have in trading in my account in case they decide to get cute & go MF Global on me. Makes me glad I'm unprofessional.

[ChesterDoraemon]

@TheKlink one of the things that annoys me are beginners and poor people who think they know everything and claim it is possible to make millions (I literally have dozens of poeple in mind as I say this) when they haven't even stepped knee deep in the shit. One guy lost his ass and still thinks he can become millionaire drinking koolaid from paid premium newsletters. You lose all at once or you get chipped away slowly thereby not only wasting money, but also time. The end result is the same.

[superhawkn]

OOO shiat someone said Utah based lol, it has to be the same people tendwest liars

[superhawkn]

Monthly fees lol, reminds me of trenwest timeshare sales. I found 1 reason to have timeshare and 20 reasons why they suck. My Aunt fell for it and sales pitch. Hell I was offered free steak dinner but guess what I never received that only chicken fingers lol. I work to hard for my money and played along with pitches to entertain. Timeshares are like Maxing out credit card and receiving nothing until year later mean while paying interest!

[superhawkn]

LOL SCAM! Upsell and put you down good guy bad guy, get out make. I do not raise hands that's so elementry school.

[MrHoppers002]

when i listened to a kiyosaki seminar perosn speaking its give me your money now. MORE MONEY.

[inkey2]

i've seen a number of this dudes videos here on youtube....I am still not sure if he is a genius or nuts..........possibly both

[masterpatric07]

last thing you want to do is get your money trapped on a broker account when the economy collapses

[masterpatric07]

i trade,but the trick with mechanical systems is that every month you have to pay for the updates,and doing that is for people that does not want to take responsability of their actions.a robot is telling you where and when to enter or exit is not my idea of trading.besides trading is not investing.i am now buying physical and staying out of the markets.

[UltimateBargains]

RIch Dad Academy (as it was called a couple years ago) is/was a separate Utah-based "mentoring/coaching" company that many gurus use. They licensed RK's name (RK is very big on licensing intellectual property) and created a company name using "Rich Dad". It is not RK teaching the courses and anyone employed by RK. It is a separate company with their own teaching materials and coaches. They are very pricey and are not up to date on current real estate investing techniques. The RK books are good.

[andyscorner101]

I agree with @justanotherdisguise, in that Kiyosaki conjured up this whole charade to sell his books, cds, dvds and seminars. He NEVER validates any of his information on who Rich Dad is, or what company Kiyosaki built that supposedly gave him his "wealth". If u read his books and do the math, as I did, I wondered how he could retire and travel the world on 5k a month. Did he sleep by the side of the road? Gimme a break. He's a phony, pure and simple.

[justray911]

i also went to a free seminar on future rich person and it was only a sales pitch about how we should buy tix for a 4 day seminar on real estate for 800 dollars.....he is saying the truth but you could find that out also if you just look in borders

[KenMacMillan]

He's a scam artist.

watch?v=HE6nT0oyPt8

[ConquestOrDeath]

No disrespect good sir, but I must say (and if I don't then I would feel that the 3 minutes I spent watching your video were unjustified and for naught) that you are quite the gullible puppet. I suggest you look into the con-scheme that they employ during their seminars. Again, with all due respect, you seem to be a gullible, misguided and rather fanatically confused consumer.But then again, if it wasn't for individuals such as your respectable self, these con-artists would be out on their asses

[MrHoppers002]

you can't imagine a motivational speaker flipping burgers at a burger king lol

[cr5291]

Wow I did not know that John Lennon was still alive!

Rich dad is a scam though Robert has had no success in life

[devendati]

umm.. umm.. umm.. umm. ummm ... ummmmmmmm!

[StandardAI]

You seem very excited, what's wrong with you? Don't let these people con you, gold and silver are not a "guaranteed" investment, especially silver. There are people who will give you seminars on bullshit for cash, if it worked so well they wouldn't being doing seminars. Learn on your own and apply what you have learned by practicing before you enter to see what is successful and what isn't, sometimes you may find the less popular ways yield more money.

[rightsideofhistory]

Robert is still to this day regretting selling the licensing to these seminar goons. They are using the branding (for obvious reasons), but have NOTHING to do with Robert's company. Licensing deals can be a nightmare to back out of, as contracts are signed for usually year(s) in their scope. At this point they are running wild with Robert's brand and there is really nothing he can do about it. There was even an investigative journalism piece done on these people, out there on YouTube...

[johnaimon]

I went to the Robert Kiyosaki stock trading seminar and the Real Estate investing seminar. EXCEPTIONALLY DISAPPOINTING!!!! These are run by Russ Whitney's crowd. The real estate one was nothing but a 3 day sales pitch, and the lowest seminar they sold was $9,000 up to $24,000. They were very rude to us as an audience and disrespected Robert Kiyosaki and his organization. They insulted the Cash Flow game and us as participants. They talked down to us badly. Don't go, you'll be disappointed.

[funtochill431]

Excellent Video.

[Casmige]

=OoO=

It's an Insult to even Low IQ's that one would suppose to Pay a little & get a Bonus or something "Free". NOTHING is Free, everything ELSE Costs.

It is a Gimmick, an utter sham & shame to portend that such a *Thing* can be accomplished. "A common law of business balance prohibits paying a little & getting a lot, it cannot be done. If you deal with the lowest bidder it is well to add something for the risk. If you do that, you will have enough to pay for something better"-John Ruskin

[bardoville]

Great information! But please, slooooow down; breaaathe; count to 10!

[aNdystaR08]

@tagurit2

Just went to one earlier today in Michigan, same kinda shit happened, same process and timing of things. Good thing I didnt sign up for this BS...

[silverfuturist]

@tagurit2 Good info, thanks

[ipreyforyou]

1. Take a deep breath

2. Count to 10

3. Tell yourself that "Everything is going to be O.K."

[Aries33185]

can this guy studder any more?

[DimebagVision]

Robert Kiyosaki is a brilliant man. He spoke out on Goldman Sachs way before they hit financial trouble, and he flat out said "your house is not an asset" which pissed people off. However, his salesmen doing the workshops and seminars ruin his reputation. But, since those seminars are expensive, I'm wondering if you could attend one of those expensive advanced courses and use that as a tax write off if you purchase those classes with your business >:)

[VeteransAgainstKonop]

I went to the seminar. It basically was a 90 minute sales pitch, for the 3 day seminar. You're right. It's probaby a 2.5 day seminar, and then half of the 3rd day, they will dedicate to UPSELLING you on MORE seminars, online coaching, cd-roms, etc. Yesterday, they said the seminar was only $199.00. I didn't sign up, because they also want to charge my credit card $39.00 a month, for access to some internet site with macd indicators, and stochastics, which are already FREE on Scottrade

[silverfuturist]

@VeteransAgainstKonop Ahh, that makes sense, $199 for a cheap seminar but they hit you with the monthly fees!

I know the allow a free guest for somebody who signs up for the seminar... perhaps the thing to do is find somebody who is signing up, and then paying the $199 for them to let you be the guest so you don't have to have a monthly charge.

[residentzombie]

@silverfuturist Robert Kiyosaki has nothing to do with the Rich Dad seminars. He sold the name rights to a shady company called Whitney Information Network Inc. andclaims to regret it now.  The Rich Dad seminars are a scam. Real estate today is way over priced and anyone looking to invest in real estate now is a sucker since the supply/demand fundamentals are crap. The Rich Dad seminars put on by this Whitney Info. company are a scam.

[onetondrumbum]

@residentzombie How can you be SOOOOO naive as to think Robert Kiyosaki has no idea what was going on with Whitney???? Are you THAT clueless in life? Kiyosaki is the MASTERMIND behind this SCAM you utter simpleton, you. Man, no wonder he makes millions with fools like you out there.

[residentzombie]

@onetondrumbum Whitney bought the naming rights for Rich Dad awhile ago already. Kiyosaki has no control over Whitney (doubt the contract allows him to have a management position over Whitney) and regreats have ever sold the naming rights to them. It is a valid defense. Could he be lying? Of course, but for you to assume and be so naive to think that Kiyosaki can control a private corporation after selling away the naming rights is pretty foolish on your part.

[VeteransAgainstKonop]

Rich Dad / Stock Market seminar - in about an hour, here in Columbus, Ohio. - Usually these types of seminars are just BIG sales pitches. I'm still going to go anyway, just for some kicks and the free door prize. They will probably put me on a list and send me literature and solicitations down the road. If you walk away from a seminar with even just a few ideas, for FREE, you did good. - See Ya'

[VeteransAgainstKonop]

Nice little video there.......SilverFuturist.  I'm going to the (same) Robert Kiyosaki / Rich Dad / Stock Market seminar - in about an hour, here in Columbus, Ohio. - Usually these types of seminars are just BIG sales pitches. I'm still going to go anyway, just for some kicks and the free door prize. They will probably put me on a list and send me literature and solicitations down the road. If you walk away from a seminar with even just a few ideas, for FREE, you did good. - See Ya'

[silverfuturist]

@VeteransAgainstKonop Have fun! Looking back, I might have spent the $495 for the 2.5 day seminar... but if you don't sign up right away it costs $995!

[rayme4raw]

@silverfuturist I went to one last week and it was $199 for the 2.5 days of training. Since I have a huge gap is my financial education regarding stocks, I thought that it'd be fun. It'll be interesting since I do see Wall Street as a big gamble, but I do want to learn all the terminology and I don't believe in the Buy and Hold strategy that they force upon 401k contributors. They did tell me that I can bring a guest upfront for the 2.5 days. I've read most of the rich dad poor dad books.

[itchittyitch]

Less coffee, more breathing. Pace yourself man!

[xantipathebest]

I love your videos. You are wonderful! 

[johnywinslow]

lol dude your vids just dont seem right with the combed hair! lol as usual great info, keepem comming! thank you for your efforts.

[yourfuturebooks]

"Bernanke is the creature from Jekyll Island" LOL!

[twowheels07]

Why is it that broke people always have to go on utube and bag those who have succeeded in life and become wealthy.

I would rather take financial advise from a rich person than a poor one!

[john5246]

Not surprised that Kiysaki jumped on the "FED is Bad" bandwagon, there's market out there for those books so that' why he's writing them.

If you listen to his tapes or read some of his books he says real estate is the real key to wealth. Obviously this guy knows nothing, people have lost millions in real estate, from wealthy to welfare, so be careful who you listen to.

[john5246]

@JustAnotherDisguise

Hasn't it already been established that "Rich dad" didn't exist? No one knows who he is in Hawaii, and Kiyosaki himself refuses to identify him. It is 100% confirmed without a doubt that the whole rich dad poor dad thing is made up, it doesn't mean he gives bad advice. Kiyosaki is just a snake oil salesman type, he tried different businesses and eventually found he could become rich by telling other how to become rich... oh the IRONY

[silverfuturist]

I have also heard that "Rich Dad" is a mythical figure. Robert says that rental properties are what to invest in, where you get positive cash flow if even if the value goes down... but maybe even that is a bad idea right now. He says to avoid capital gain investments, such as flipping real estate.

I am glad he jumped on the "FED is bad" bandwagon because he is educating his followers about the monetary system.

[clikityclankz]

What kind of Software? what's it about?

[silverfuturist]

The software does technical analysis and allows you to trade on-line. It looked user friendly from the demo.

[whyicare]

@silverfuturist

This stock investment software is a bunch of baloney. I went ot one and basically they provide you with a buch of charts of different stocks. There are too many patterns and it is all TECHNICAL ANALYSIS which is based on past performance. Oh, about the software, if you have 20,000 stocks, you are sure to find a pattern from these stock movement that will fit your agenda.

[whyicare]

@silverfuturist

Didn't he educate his followers that based on his quadrant system. Owning property especially like rental property is good. But in a bad real estate market, value goes down.

[justcallmeassinine]

@john5246 No real irony here.Good con-men have always been around to satisfy the sucker's lust for a quick buck and they do quite well at it.

[john5246]

@plalelal

some people just talk fast, and maybe he didn't want to take too much time for the video

[JustAnotherDisguise]

Think about it: $500 for two days being taught by a man who openly states on record and understands the financial system is a fraud and is a pyramid scheme is a bargain to me. All of his predictions are spot on - it's a no brainer, if he had a seminar near me for that price I would do it in a heart-beat. At $1,000 I'm not sure, but at $500 for his information and some useful tools is not bad at all.

[silverfuturist]

Richard doesn't teach the seminar himself though; it is one of his associates. But looking back I see that $500 is a great price for 2.5 days of stock training and software, I was turned off by the pressure sale.

[sickvenom1980]

theres a new video out exposing these rich dad seminars. I agree these seminars were to sell u more classes.

i recomend the rich dad books but stay away from these classes and the coach program. they are a big rip off.

these classes are run by another company who are leasing the rich dad brand.

[silverfuturist]

@sickvenom1980 I did not know that it was another company leasing the rich dad brand thanks for alerting me. I didn't buy anything, I found the seminar interesting - I also learned some sales techniques by going there.

[whyicare]

@silverfuturist

The $500 is just a teaser rate. Please google Canadian Network Robert Kiyosaki. You will find a link that these seminars are taught by a partner of his (Whitney International). Basically WI will try to sign another package $5,000 and encourage participants to increase their line of credit from credit cards to sign up for the course. I hope you find the link and the video. RK is just another snake oil salesman.

[Casmige]

@whyicare

=OoO=

Oh WOWZA, I thought the "Super Christian" Lady Loral Langemeier was the only one to portend to use this type of "Front Load those Credit Cards to the Max; You're only using OPM's to create wealth" gimmick.

What a Bunch of ELITIST CRAPPERS & SHYSTERS.

[plalelal]

It's called pressure cooker sales. They are highly paid commission reps.

Slow down relax a little. You seem nervous. Almost Woody Allen like.

[silverfuturist]

The technique backfired on me. As soon as I heard that pitch I discounted the entire thing as a scam. The next day I researched and thought about it and came to the conclusion that I would have signed up for it normally. $500 for 2.5 days of training and software is really hard to beat.

[veritasfiles]

Bravo! You're speaking my language. "Growby10" channel often makes fun of people who don't take advantage of trading in Gold & Silver, but I'm totally on board with safety and security over the gambling to make gains amidst an uncertain environment where we can't predict the point of final and/or suddent collapse. I haven't read the book in question, but I want to. Hopefully I'll get to that before everyone is standing in bread & soup lines. Great vid!

[JP5466]

It's "Robert" Kiyosaki.

[silverfuturist]

doh! thanks I knew that.

[cankorgbr]

yet another great video. keep up the great work!

[toshibavoodoo]

great

[PlanktoniusRex]

Thanks for the info SF. The one-day free seminar is going to be in town tomorrow (which I assume is a prelude for the full pay seminar) and I may go if I can. Not sure what the difference is between the two but I'm sure I could get something out of it.

[silverfuturist]

The free one is short and gives you a high level view, kind of a "teaser." The long paid one looks like in-depth training. There are several types, I know there is also a real estate one. Do you know which seminar it is?

[PlanktoniusRex]

Yes, it is the "Learn to Be Rich" two hour. I looked it up on their site just now. Heard about it on the radio and they didn't say a whole lot about the content. Thanks.

[silverfuturist]

I suspect that might be different from "rich_dad_stock_investing." If it is, let me know how it goes.

Right now there is only one Rich Dad concept for me... gold and silver.

[Eraser7622]

i've only read his 'rich dad, poor dad' book, but I'll look into the conspiracy of the rich.. thanks.

[artdeco101010]

My favorite thing about Robert Kiyosaki is that he introduced me to Mike Maloney. Maloney's book is probably my favorite book out there on the history of fiat currencies. I go back to it again and again and there is always something to think about.

[silverfuturist]

Same with me! After my ode to MIke Maloney video, Mike's office came across the video and emailed me, telling me they loved it.

[artdeco101010]

You should see if they will put your video on his web site - that would get you some new viewers for sure.

[JOHNNYH8STHENWO]

I've checked him out before. He does have some good info.