Thursday, March 16, 2017

Your Amway "Rich Dad"?

Many IBOs seemingly have read "Rich Dad, Poor Dad" written by Robert Kiyosaki and they often will cite his cash flow ideas and his talk about earning passive income and using business as a vehicle to build wealth. But has anyone really stopped to wonder how Kiyosaki built his alleged wealth? He likely built his alleged empire by selling books and apparently scammy real estate seminars. I'm posting a 3 part youtube series exposing the scam and you can see Robert himself backpeddling when questioned about the very questionable practices in one of his seminars. He says he will look into things but as the video shows, these practices have been going on for years and years.

You can view the videos and judge for yourself. I was appalled that this kind of scam is allowed to go on. These hucksters need to be in jail. But since the authorities don't stop them, the best way to help people to avoid the scam is to educate them so they don't get enticed into signing up and literally throwing their money away.

Amway diamonds and Kiyosaki have no documented evidence of success for their "systems". I've seen Kiyosaki's infomercial for his "system" and after showing (unsubstantiated) testimonials, the disclaimer of "unique experience" streams in small print across the screen.

I encourage you to view the 3 short videos and I look forward to comments.

1 comment:

Joecool said...

From what I've seen and read about these seminars is that they give dangerous advice and each seminar is a hard sell for the next and more expensive seminar. When I was watching the videos, they gave some pretty bad advice like upping your credit card limit and some other questionable practices. Kiyosaki claims that these are not his seminars as they are run by a private company, but his claim is BS as they use his name to promote the seminars and he is apparently making a nice amount of income from these seminars.

He might decry "unethical" tactics used in the seminars but he certainly isn't going stop his gravy train in any meaningful way.