![]() Is Real Estate Investment Worth It in 2024? Just be wary when deciding if this course is for you. Keep in mind that most of the people who buy into the program don't have or did not file a complaint. He even has a board game in the style of Monopoly called CASHFLOW. In 1997, he launched Cashflow Technologies Inc., a business and financial education company that owns and operates the Rich Dad and Cashflow brands. He has been linked to being a part of the infamous MLM, Amway, prior to publishing Rich Dad, Poor Dad. Little is known about Robert Kiyosaki from 1978 to 1997. Robert took a job as a sales associate for Xerox until June 1978. Unfortunately, the venture was a bust and Robert went bankrupt. In 1997, he created a company called Rippers, which made Velcro wallets. Upon returning, Robert attended Erhard EST seminars, which he claimed changed his life. He joined the Marine Corps to fight in Vietnam in 1972-1973. ![]() He also co-wrote Why We Want You To Be Rich in 2006, and Midas Touch in 2011 with Donald Trump.īorn in Hilo, Hawaii, Robert enrolled in the Merchant Marine Academy and graduated from King’s Point, New York in 1969. Robert wrote many more books in the Rich Dad series. He is most known for co-writing the book Rich Dad, Poor Dad in 1997, which has sold over 44 million copies. Robert Kiyosaki is a well-known real estate investor and educator from Scottsdale, Arizona. Confronting Robert KiyosakiĪ CBC reporter confronted Kiyosaki about the incident, in which he went from defensive, to playing ignorant of the incident, to blaming his partners. He explained that you are unlikely to find anyone stupid enough to agree to such a deal. The footage was shown to real estate lawyer Bob Aaron, who said that the lessons they were teaching were unusual and unlikely, such as saying a developer may give 2 condos for free when selling 10, or being able to ask for options to pay for the property at a later date, or buying houses in pre-foreclosure. CBC traced the supposed trailer park and discovered that it did NOT exist. Marc also claimed that he made $32M on a mobile home park deal in Saskatchewan. He even gave instructions and handed out scripts on how to ask their bank to increase their limits. The hidden cameras showed footage of the trainer, Marc Mousseau, advising participants to request that their credit card limits be raised to $100K in order to purchase their complete long courses that cost $12K-45K. The Canadian Broadcasting Center (CBC) sent an investigator to join and document Kiyosaki's free 1-day seminar and $500 3-day course held in Kitchener, Ontario. To win, you either buy your dreams or increase your cash flow by $50,000.In 2010, Kiyosaki and company traveled to Ontario, Canada, to hold Rich Dad seminars. ![]() Using a calculated amount for your new cash flow, you are on a loop that alternates between dreams and deals. Once your cashflow exceeds your expenses, you’re able to move off the rat race track and onto the fast track. The goal of the game is to get out of the rat race by having your cash flow exceed your expenses. Every deal made or expense incurred is recorded on the Income Statement. There are also one offs, like a child thrown into the mix.Īs a player goes around, they are able to get paid as they pass Pay Day, and use their money to buy deals to help increase their cashflow. Other spaces include Deals, Doodads, Market, and Pay Day which repeat around the track. For example, there is a spot that gives a player a child, upping their expenses. The player rolls the dice to move their character around the rat race.Įach place on the Rat Race board relates to an event that is likely to happen in a persons life. With this information, the player fills out the income statement that shows the players income, expenses, assets, and liabilities. They randomly draw an occupation that contains a list of income and expenses. The Cashflow game is broken down into two games, the Rat Race and the Fast Race.
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