I’m starting to feel like there’s something fishy going on with Robert Kiyosaki.
After his “new rule” of money said that savers are losers, I wanted to find out a bit more about the rest of the personal finance advice he shells out. And I stumbled on the motherload.
Turns out, Kiyosaki runs (or lends his name to) a series of “wealth seminars” that, according to a consumer investigative report from CBC’s Marketplace, is anything but about smart personal finance advice.
Marketplace went undercover into one of these Rich Dad classes, where students are told to increase their credit card limit to $100,000, verbally harassed if they ask hard questions, and basically sold on buying more expensive classes without receiving any sort of decent advice.
They don’t allow embedding of the video, so you’ll have to go to their site to see it.
P.S. As I mentioned the other day, thanks to strong sales, I’m heavily considering increasing the price of Automatic Finances from $7 to $17. I’m going to be making the final decision over the weekend, but it’s looking pretty likely. If you want to save yourself $10, you shouldn’t wait — you should get your copy now.
About the author: Jason is the author of Automatic Finances: 17 Days to Your Financial Freedom, a guide to automated money management. He started investing thanks to a free lunch, and after finding out how he was getting the short end of the stick, he sought out how to do it right. More »