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.
