John T. Reed on get-rich-quick real estate gurus

[LalallaSN]

Let see, Robert Kiyosaki book sold millions around the world. And he get thousand of dollars from private seminar. -.- u telling me RK is not a scammer?

[MonotheismDionysus]

Thank you John T. Reed for making me see myself in you...however, this is just a feeling and I don't know if I am right or not.

Let's say that I get out of the military & there is a guy who has been hating on my beloved military all these years. Everyone in the family doesn't think anything of it, up until 1day I say something, not just on my behalf but because of others too. That's when I become the @sshole, and everyone got mad at me. Was it bcause I didn't jump on the band wagon?

[atieng24]

Someone drank a little too much hatorade... His name rhymes with John T Reed

[salters60d]

john t reed should learn to suck dick better, since he suck at everything else



[Michshnly]

Never mind the motivational speaking crap. Put your money where yer mouth is. Let’s see how good you really are. Post some MLS numbers under 3 categories. 1). Price. 2). Rental income. 3). Location. Yer top 5 active listed properties. When you prove yourself then you can do the motivational speaking video blog...

[thethirdq]

I can tell how much time and effort it took to make this video and channel. I hope you like mine and we can chat some time.

[treefittyfive]

You have to laugh when people come defend Kiyosaki as someone spreading "knowledge" to the ignorant. The vast majority of his "advice" is too vague to be implemented in any way (or illegal), and his few "facts" are demonstrably false. He charges people money to make them more dumb about finance! And they thank him for it! Truly a master scam artist. Why would anyone not be outraged? He charges people thousands of dollars for advice that will drive them bankrupt.

[TeslaTechnologyRocks]

They should have an episode of the popular cartoon "Celebrity Death-Match" with John Reed in one corner and Robert Kiyosaki in the other. I wonder whose going to win?

[evanbellen]

b. s. all bull shit

[lanamal]

HEY DONT LISTEN TO THIS GUY SELLING THINGS BUY MY THINGS!1

[ericwaffle31]

@lanamal yea there sure are alot of dont buy this guys stuff, instead buy mine. its all about greed. some people with money are greedy, some poor people are greedy - meaning they think they will be rich if they buy this product, ect. its like those true murder forensic shows or american greed shows - a middle aged woman invests her life savings and retirement svgs of $50,000 only to have it all stolen from a scam artist investor. well if the woman didnt invest in the first place, shed be ok

[KenMacMillan]

Is this entire seminar available?

[myaksitch]

The only reason this man has any fame is Kiyosaki! Reed is the biggest fraud of them all! He starts controversy with a well know financial philosopher to put his name out there. I doubt Reed believes half of his own B.S out there.

[KenMacMillan]

@myaksitch Rich dad is a scam.

watch?v=HE6nT0oyPt8

[myaksitch]

@KenMacMillan A fraud... His stories of his life and his father may be partial fiction along with even some job and military history but who cares? He offers knowledge about a subject that most are clueless... Money! He tells people to truly look at there way of thinking and change it! There is nothing wrong with that. He is not a genius and/or financial advisor but more of a philosopher and thats all he should be taken as.

[KenMacMillan]

@myaksitch If you go to his free seminar the lesson is that you need to take his $500.00 tree day course. If you pay the 500 the lesson is that you need to take the $45000.00 course. That is a scam.

[myaksitch]

@KenMacMillan I haven't done a seminar or pricey class wih RK and I am sure neither have you, however if you don't feel its worth it don't buy it and others should do the same. If people buy the program based on raising there financial IQ then they're adults and thats their choice. Not my job to baby sit society or tell them how to spend their money. Is it yours?

[KenMacMillan]

@myaksitch If you had watched the investigative report that I posted you would have seen what goes on inside of his seminars which are nothing more than a front for the Russ Whitney information network. I posted part one of three, do yourself a favor & watch all three.

[myaksitch]

@KenMacMillan I understand that these videos are the key to your argument however I have read his books seen his speeches and feel that alot of what he says is accurate and none is a fraud. I understand that your videos are all the proof you need however I enjoy making judgements for myself as well should you. There are people that would say internet schools are frauds, the MTI and the Heald or Pheonix. Huge tuitions for AA degrees or less. Should I believe them? Think for yourself sir!

[KenMacMillan]

@myaksitch Actually the key to my argument is the investigative report I posted. While listening to an audiobook of his he said that you shouldn't live within your means, that was the first red flag, then he said George Soros was a hero of his, red flag #2. So I tried to find out who his "rich dad" was, turns out he never existed, then I found out that he was taking people for a ride in his seminars & found Reed's website. Feel free to send him all your money, I'll do it the hard way thank you.

[myaksitch]

@KenMacMillan I have looked at your posts and you seem like a smart man. Dull but smart! Your hard way is a waste of time. You seem like a highly educated poor dad who is swimming in debt. Living within your means hoping you have enough. I am convinced there are other ways, and am highly successful. So before you lecture maybe open your eyes, not just to Kiyosaki but other ways of thinking. It might do you some good... Thank you

[110488cole]

Being successful on your chosen path usually starts out with identifying your purpose. Yes, it is right to say that hard work is the key to success, but if you do not know your purpose how can you reach the status of being successful?

[110488cole]

Being successful on your chosen path usually starts out with identifying your purpose. Yes, it is right to say that hard work is the key to success, but if you do not know your purpose how can you reach the status of being successful?

[110488cole]

Hard work as per the word in itself sounds tiring but if you love what you do and you are happy every time you do it even if it is hard on your part, you will never get tired of it. That is the purpose of working hard, blissful yet persevering. Hard work is the key to success and we should always keep in mind the deeper meaning of these words to keep us going.

[caitoxose]

envy is a bad thing.

[masterph200012345678]

I think this guy is drunk or/and high. Find a life you old man and stop making this kind of advertising on the back of successful people. And yes, you are pathetic and your message is useful only for stupid people. None of the R. Kiyosaki advice is on how to get rich quick.

[gonzayare]

this men is pathetic just pathetic

[LoverOfTheBandBoston]

I never have read any of your books yet but I plan on ordering your inflation book. I learned more about investing and the economy just reading your website than virtually all books I bought at bookstores. You're hard-hitting with your facts and brutally honest. These "Get-Rich Gurus" are partly to blame for the foreclosure crisis and the toxic mortgages with their fuzzy math and outright investing lies. You are to investors what Consumer Guide is to car buyers. Keep up the good work.

[arfpoc]

I'm a fan of both Kiosaki and John T Reed. Their books have both helped me a TON!

Robert taught me about assets and I now own 24 units. John T Reed taught me how to pay minimum taxes on my rentals through aggressive strategies and component depreciation. Long live John T!!!!! God bless Robert K!!!!!!!

[dukenthaylor]

@arfpoc I LOVE IT! Profitability, by way of a maintaining your positive mental attitude, keeping your options open, and, best of all, MINDING YOUR OWN BUSINESS!

.

Great job...AND CONGRATULATIONS!!!

[squidwurrd]

Why does everyone think Roberts books are about how to jump into the realestate business. That is only one means of getting rich and the book talks about how it wont work for everyone but no matter what business you go into the principles taught in the book are helpful.

[farmb0y]

I agree with what John mostly says.

I have never seen or heard of a modern day individual who got rich because he/she "followed what the get-rich-gurus told them."

Let's think about this for a moment. Among the richest people in the world, how many of those people have actually gotten rich by following other people's advice/books?

Robert Kiyosaki is probably my most despised get-rich-guru, simply because he says that College Education is a waste.

[ComradePatriot]

@farmb0y Check out the recent Youtube video uploaded on August 2, 2010, where a celebrity is interviewed and her and her husband just filed for bankruptcy and owned lots of apartment buildings but the recession caused them to lose tenants and cash-flow. They filed for bankruptcy because they were $11 Million in the hole. The Youtube video is called: Teresa Guidice on Filing Bankruptcy - The View

[dukenthaylor]

@farmb0y Well, think about THIS for a moment...HOW HARD DID YOU LOOK? Try reading (or even just SKIMMING through) Kiyosaki's book "RichDad'sSuccessStories"...

.

Larry Ellison (#6) followed E.F. Codd's advice/papers...Warren Buffett (#3) got rich following Ben Graham's advice/books...Carlos Slim Helu (#1) got rich following the advice/books of Alvin Toffler...the list goes on...

[fights4sale]

This guy is a joke. I hope no one is dumb enough to listen to one word he says.

[romanpoet22004]

Booo!!!

[whereismyfreedom]

why are people loosing thier homes? and why people have to pay taxes when they don't like to pay it? isn't the greatest land, land of freedom?

[dukenthaylor]

@whereismyfreedom SURE IT IS! But in that "greatest land", freedom doesn't (and can't) pay for its BENEFITS (law, order, social assistance, healthcare, infrastructure, etc); TAXES DO! and people are losing their homes because the government broke our consumer protections, freeing crooked finance companies to infiltrate our banks, poison our mortgages, and sell them off to a new, poor, unsuspecting market of property owners convinced by the crooks that they can safely own homes "secured" by them.

[dimondghost]

The truth :)

[oknowforthetruth]

freecaptain you are a fool. Trump is just as much of a fraud as Kiyosaki. That is why they hang together. Guys who know how to make money aren't on TV. They are there because it's the only way they can make money fooling idiots like you. If you can't turn a profit running a casino, you are a complete failure (Trump).

[squidwurrd]

@oknowforthetruth

Wow you just called trump a fool. Do you how stupid you sound? and for you to think that trump is making more money from putting his face on tv then he is trough running his business is insane. You sir are the fool.

[dukenthaylor]

@oknowforthetruth if you REALLY think that trump only made his money on TV, YOU'RE SUPREMELY RETARDED!

.

AND you OBVIOUSLY didn't read HIS books, either! he only came CLOSE to failing because he let up a bit to enjoy his success, and it caught up with him. if you knew ANYTHING about how he staved off the rats (backstabbers like colleagues, partners, AND IVANA) to rebuild his empire many times stronger - WITHOUT TV, BUT WITH PURE CHARISMA, FOCUS AND MANAGERIAL SKILL - you'd be a smarter person!

[mrsixty5]

John,

Back in 2001, I went to your website looking for the who's who of Real Estate. Since then, your Guru ratings on 99.5% accurate! I appreciate you staying on top of the Real Estate Investment scene, and I would like to know whether or not you would hold on of your seminars here in Sacramento, CA.

[jarock1174]

Robert Kiyosaki's Rich Dad Poor Dad is a GREAT primer for people who have the wrong mindset about money and wealth and how to get it. The rest of his books are garbage that are only capitalizing on the franchise. I followed him down the path after RDPD and realized he doesn't have anything else to offer. Read RDPD - then get details elsewhere.

[nsu1997]

@jarock1174 BINGO. I think it's unfair to just totally dump Kiyosaki in the garbage bin like John T Reed did. That one book Rich Dad Poor Dad did indeed change my whole philosophy on wealth when I first read it 10 yrs ago. I then bought his next 2 books and soon realized he was simply capitalizing on the franchise and had little else to offer. I would NEVER attend his seminars. But for the price of a book or 2 it's a great primer if that's what you need (Cashflow Quadrant was good too IMO).

[phillytalented]

Ok What you may think Is a stupid book has given hope to countless ppl. Agree or not in the content of the book, ppl have become financially free bc of the book. If the entire book was fake accounts, that only shows you how to make money using you out the box method. If you don't like it, move on to the next

[realestateisbetter]

Some gurus are right John. Here's where you are wrong. 1. You can't put $50,000 in your pocket at closing. Yes you can! It's not dumb. Usually it's done in addition to a seller financing the deal 2. When you try to know the known, you are spinning your wheels. Wrong again John. Predicting trends is how Trump, Zell, and many investors made it. Maybe you should have focused less on bashing gurus and talk less about generalizations in this video.

[Flyz2Fast]

I do want to mention Reed what credibility do you have? You come out here saying he is a con artist. Well how do we know you are real either? You stand there and make claims but you are just like him, talk. I have heard of him but never you. Lets face it you are a guru just like Saki. Maybe if you were a critique but you are a biased individual. You have real estate interests as well, so Saki is your competition?

But what you say makes sense, but inconclusive. Prove your statements.

[Flyz2Fast]

Until now I had no reason to believe Kiyosaki was a fake. The problem I found was the horridly vague statements. While some truth to the book, I do believe NO one will get rich from his book. I have read the Rich dad poor dad book, a great story. But it has had no impact on my financial situation. Fun to read but no practical strategy has been identified. The results are inconclusive as to whether Kiyosaki is the real deal. Besides WHO is RICH Dad?

[dukenthaylor]

@Flyz2Fast If you'd read or just SKIM through Kiyosaki's book "RichDad'sSuccessStories", you'd CHANGE that belief, because you'd find there SEVERAL examples of people who did just that: shared THEIR practical strategies and lessons on how THEY'D gotten got rich from RDPD, as well as a few of his other books.

.

And FYI, I don't see anyone jumping down George Clason's throat to verify or even DOUBT the authenticity of his EQUALLY-INFORMATIVE parables in his bestseller "TheRichestManInBabylon".

[freecapitan1]

Hey John T. who  do you hang around with? Kiyosaky hangs around with D.Trump.

[JohnTReed]

Which of John's statements about Kiyosaki is inaccurate? I assume none, otherwise you would have mentioned them. Forgive my pun, but do you think who someone hangs out with trumps the fact that they recommend committing crimes and fraud in their books? Trump is more concerned with fame than anything else. If Kiyosaki assists in that, he will hang out with him. - Webmaster

[wes4327]

@JohnTReed I would have to say that the entire subject matter about Kiyosaki is inaccurate. If you read his books, its not about "getting rich quick"...its about monthly cash flow. Its about having a source of monthly income and rental income is arbitrary...its just the simplest form to understand his concept. It could be licensing technology, webpage subscription, patent royalties, book royalties...etc. As long as it produces a positive monthly cash flow

[tubub]

@JohnTReed

I think hanging out with Trump immediately gives him more cred. More importantly, more than half the claims on Reed's site are WRONG. I went down the list shaking my head... and that's just for the page on Kiyosaki. No wonder the guy's being sued for false accusations, BECAUSE HE'S THE REAL SCAM ARTIST! Someone should write a book about him... nah, a wiki page will do. Interesting scam approach: Call everyone else in your business a con in order to sell your useless product. Genuis!

[TeslaTechnologyRocks]

@JohnTReed You are absolutely right. I also read Investing for Dummies by Eric Tyson, he received his MBA from Stanford in the 70s, and he says a lot of things you say about those get-rich-quick in real estate seminars. Said they are a total rip-off and waste of time. As for Donald Trump, Eric Tyson mentioned a real estate "Guru" even tricked Trump into endorsing his book and the real estate "Guru" ended up being a scammer who bilked his investors.

[PurkonBlitz]

Well, gratulations, Robert! I can think of lots of people I would rather hang out with than mr. Trump. It seems that Robert K. is only doing so because mr. Trump is rich, and to flatter himself. R.K. is not the sharpest tool in the shed, helas.

[FrankeeFraud]

@freecapitan1

Kiyosaki "appears" with Trump at seminars around the country, but I seriously doubt the Donald "hangs around" with him. But more importantly, what difference does it make? Would you like Reed better if he "hangs" with Rosie O'Donnel? This guy Reed makes much more sense that Kiyosaki- don't be fooled by his hokey accent. Frank, Bx, NY

[aterseraph]

@freecapitan1 Point of fact, Mr Kiyosaki made his money by peddling his wares to Amway people, true story. That is also how his books became 'best sellers.' I know first hand, because I was in Amway at the time that all of this was coming down.

[CraneStBlues]

@freecapitan1

Stay stupid. If you can't see that this guy is smart, then you are an idiot. As for Rich Dad, whatever, that guy is clueless, a total politician BS artist.

Reed is the man.

[ComradePatriot]

More proof that the commercial real estate crash is coming: hotel foreclosures in California have more than tripled in the first nine months of 2009, according to Bloomberg. Foreclosures in Dana Point climbed to 47 in January through September from 15 a year earlier, and properties in default more than quadrupled to 259. Yet Robert Kiyosaki tells people get rich in real estate by flipping properties?

[ComradePatriot]

Someone who spends $20 buying PowerBall Lottery tickets is making a better investment than someone spending that money buying a Robert Kiyosaki book. You don't have to waste hours reading the winning lottery numbers in the newspaper and you have a better chance getting rich.

[ComradePatriot]

John T Reed is right about these Gurus. Einstein had a quote concerning people who buy their books: "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

[TheFatStopsHere]

I never heard that quote from Einstein before, that's a riot!

Great vid, I'm so glad to know about the real estate gurus - I wasn't sure until now.

[ComradePatriot]

Kiyosaki is like the Milli Vanilli (a fake music group) of the financial world.

[panzer4u]

ComradePatriot, which book of kiyosaki s did u read?

[ComradePatriot]

The only get-rich-quick real estate guru that works is the Tony Montana school of making $Millions fast. Just watch the movie Scarface and you will learn more about making quick cash and taking risks than from listening to Robert Kiyosaki. Just make sure you do not count your cash under a hidden camera installed be the Feds.

[ComradePatriot]

Thanks to JohnTReed the air has been let out of Kiyosaki's tires on his Bentley paid for by the suckers who bought his books.

[fendergod1969]

Be kind alright man. I get a little heated about this topic too. What points do you have though? Why are Kiyosaki's books bad? Did you know that in the US less than 9%of working people will ever make more than $100,000 a year. A high percent will never make $1,000,000 dollars in their lifetime. That's because we don't think about money right. Maybe you should try reading a few of Kiyosaki's books, then make an informed opinion about them.

[ComradePatriot]

That is funny how shills for Robert Kiyosaki try to make excuses, when other people realize that Robert Kiyosaki does not teach how to make money, that he teaches how to "look" at money. So now Kiyosaki is a philosopher? So if I win the lottery I have to ask Kiyosaki how to look at my money? I might decide to spend it on Wine, Women, and Song or give it all to charity. I do not need Kiyosaki telling me how to live my life. I just want to know how to invest, which is were Kiyosaki is lacking.

[fendergod1969]

If you want to know how to invest you should talk to a financial planner, not anyone via internet or even books. People on the internet and authors are great resources for learning about investing but not real time. You need someone who can look at markets today. Robert Kiyosaki is bit of a philosopher but he's helped me get in the right mindset to start investing. And now I have a decent portfolio going. But I use my own knowledge plus other peoples to make my decisions about my finances.

[mjuslen]

@fendergod1969

Yeah, and Robert calls stock investors losers. So I hope you don't invest in stocks.

[fendergod1969]

I wouldn't lump Robert Kiyosaki into "Get Rich Quick Gurus" category. He has no late night infomercials. Rich Dad Poor Dad is not a resource that requires a credit card number or monthly fee's. Rich Dad Poor Dad the book even states that he is not trying to give any real estate advice in the book. Just a new way of thinking about money. He also agrees with you Mr. Reed "There is always risk in investing but you don't have to be a risky investor" - Robert Kiyosaki

[ComradePatriot]

September 22, 2009 "Information Clearing House" -- - A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure.

[ComradePatriot]

Las Vegas Sands Corp. that owns the major casinos in Vegas soon will be bankrupt according to Audit Integrity, an independent financial research and risk modeling firm based in Los Angeles. Majority shares are owed by Sheldon Gary Adelson, an American billionaire businessman. He is a property developer and public company CEO based in Las Vegas, Nevada.

[ComradePatriot]

anybody who listens Robert Kiyosaki will never drive 200 MPH because they never will be able to afford to buy such a fast car. They will be broke taking the bus to the bankruptcy court.

[JohnTReed]

And everyone knows investing in real estate is all about fun. Driving at 200 mph is probably quite fun. Suicidally unsafe, but quite fun. If its fun you're after, read Robert Kiyosaki. If its sound real estate investment advice, read John T. Reed.

[squidwurrd]

@JohnTReed

Sorry but you're an idiot. No one would sell a book that is intended to help people that in a manner that doesn't appeal to people. So of course the book is fictionalized. In fact I would bet that there are entire stories within the book that are not true but the basics of what his is saying is true. Buy assets live off the cash flow reinvest the money from the assets. He says there is risk in any investment. Knowing what your doing is just a means to reduce the risk.

[squidwurrd]

@JohnTReed

Finishing my statment from before... The book is not intended to give you the instructions on what to do. He even says that in his books. the book is to change your mindset about money. Most people think of money in the wrong way. But y are you bashing him for creating a book that may not be completely non fiction. So what is something is made up in the book so long as the finacial advise is sound who care about the rest. If you want to be more specific in you book go right ahead.

[coolguy77333]

This guy reminds me of Duke Devlin (yugi's rival) from yugio, Yugi (robert kiyosaki), beats him every time!

[coolguy77333]

This guy should learn a lesson from Robert Kiyosaki. I thought reading Rich Dad Poor Dad was fun. : )

[ComradePatriot]

JohnTReed is right about the fake Gurus. September 12'th news. Sarasota property flipper is filing for bankruptcy. Records show that in 2006 and 2007 he bought over 40 homes. Arthur Seaborne, a Sarasota property flipper whose real estate investment ventures led to millions in mortgage defaults, has filed for bankruptcy for the third time in his turbulent investment career. In many cases, Arthur Seaborne, 66, sold houses to investors he recruited at real estate seminars.

[gwbush2009]

^^^investment is supposed to be boring. if you're having fun, that is gambling

[prettyboynbk]

U sound really ignorant and uneducated financially. Well I guess the name GW bush says it all. Why would anyone surround their life with something boring just for money. U might as well work a job, which is probably what u are doing lol.

[gwbush2009]

either you're a salesman or some kid doesn;t know anything about anything. good luck with your investments. you'll end up working at walmart when you're old and broke. lol

[prettyboynbk]

Why would I wanna do something in my life that bores me. First off when you are bored u lack the motivation needed to succeed. I never saw a football or basketball player bored with the sport give 100%. If you are doing something strictly for the money I guaren damn tee you wont succeed. U probably working in walmart right now, which aisle is the butter. My Score Board(Money) is good how about yours? LMAO I know u working a job. and my investments are doing well and im not stressed nor bored. :)

[gwbush2009]

using sports example in investing. sounds like a tout no doubt. lol should i bet ohio st +6.5 this coming weekend?

[prettyboynbk]

The reasons I use sports as an example is becuz it's a career. Anyone who chooses a career an obtain success that no other man or women has soon love what they do. No one who loves to write says writing is very boring and if u do find it to be boring how much effort will u put into it. No investor I know has ever told me that real estate is boring and the ones who have done it off the strength of money eventually got a job. Thats all im saying. You can compare sportss to anything in my opinion.

[steph2845mk]

pretty cool. kinda boring though.