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Is it worth paying for Robert Kiyosaki’s Real Estate Course?
Can you really benefit from his Real Estate Course?
Should you listen to Robert Kiyosaki’s advice on real estate?
Robert Kiyosaki Background
Robert Kiyosaki shot to fame after publishing the book called “Rich Dad Poor Dad”.
I read this book and really enjoyed it.
I am sure that a lot of people also felt the same way about the book as me.
You can actually get a free copy of Robert Kiyosaki’s Rich Dad Real Estate Cashflow by signing up for this free webinar called “Robert Kiyosaki’s Prediction 2023.
Before that, he went to the United States Merchant Marine Academy and graduated with a bachelor of science degree.
Later, he joined the Marine Corps and served as a helicopter pilot during the Vietnam War
After that, he joined Xerox as a sales representative and worked there for 4 years to learn sales skills.
Robert Kiyosaki never wanted to stay at a job forever.
That is why he started a few businesses such as Rippers (i.e. a company selling wallets) after quitting Xerox.
Unfortunately, all his businesses failed and he ended up living in his car.
His big breakthrough only came after he was invited to the Opera Show to talk about his book “Rich Dad Poor Dad”.
Later on, he started a number of companies to teach people about real estate investing in seminars.
Just from selling real estate seminars alone, he has probably made millions of dollars because his early backer called ” Learning Annex” sued his company Rich Global LLC and won the lawsuit.
One of his companies was asked to pay Learning Annex $24 million but it filed for bankruptcy.
There was also a class action suit filed by people who attended his seminars where they alleged that “Robert Kiyosaki’s companies have engaged in a scheme to defraud unwitting customers, via a “three-tiered sales pitch” in which customers are duped, via common misrepresentations, to enroll in a series of fictitious financial training programs with escalating costs.”
They mentioned that it all started with a free workshop to pitch you a low-priced training program (usually under $500), then they would try to upsell you a very expensive coaching (or mentoring) program that could cost up to about $40,000.
Below is a screenshot of a summary of criticism about Robert Kiyosaki’s company and his Rich Dad seminars on Wikipedia.
So, did a lot of his wealth come from real estate investing or selling seminars?
He definitely made millions from his seminar business.
But, there is also no denying that he did make money from real estate and you can really learn quite a lot from reading his “Rich Dad Poor Dad” book and possibly his online real estate course.
Robert Kiyosaki Prediction 2023
Recently, Robert Kiyosaki released a webinar called ” Robert Kiyosaki Prediction 2023.
This webinar is basically used to sell his Real Estate Course at the end.
During this webinar, you will hear from 6 speakers including Robert and Kim Kiyosaki.
Robert would talk about whether or not it’s still a good idea to invest in real estate in the midst of rising mortgage rates.
He uses the example of his investing in real estate even when the interest rate was above 10% to address the audience’s potential concerns.
Also, Robert Kiyosaki warns of rising inflation and a severe market crash and prefers real estate, bitcoin, and gold.
In fact, a Twitter user “Luc Ten” created this interesting chart to show all of Robert Kiyosaki’s market crash calls”.
As you can see, he has been calling the market crash since 2011.
But, ever since 2011, the market has been making new highs.
If you had stayed out of the market because of fear of a market crash, you would have missed out on the bull run since 2011.
But, I am not saying that you should invest right now.
All I am saying is that you should look at the facts and be rational when it comes to investing, not be controlled by fear or greed.
Maybe a crash is coming soon or later, but in the long term, the market has always been going up.
Remember euphoria is your enemy and pessimism is your friend.
Personally, I still prefer owning high-quality stocks to buying properties.
The stock market is so much more liquid than the real estate market and the transaction fees are so much lower.
On top of that, it’s really a big hassle to manage and maintain your property.
If you rent your property to a tenant who is late on rent (or worse refuse to pay rent), it is going to cause a lot of headache for you.
It’s not uncommon to get such terrible tenants based on my personal experience.
So, what I’m saying is that you have to think about all the downsides as well.
Are you prepared that you might not be able to find tenants for months while still having to make monthly mortgage payments?
Are you prepared that your tenant might be late on rent or unable to pay rent?
Are you prepared that your rent might not cover all the expenses (mortgage payment, insurance, repair, tax, etc) because of the rising interest rates?
Last but not least, there is also capital risk involved because property prices might go down.
Robert Kiyosaki Real Estate Course
So, what is Robert Kiyosaki’s Real Estate Course?
It’s basically his step-by-step profit-producing system consisting of a number of modules taught by his trainers. It advertises that it works for you even if you have little or no money to invest or no experience.
When you enroll in Robert Kiyosaki’s Real Estate Course, here is what you get:
- Robert’s Real Estate Cashflow Blueprint
- Your Real Estate “Riches” Profile
- Contracts and forms toolkit
- 7 Bonus sessions with other experts on foreclosure, fixer-upper, tax strategies and etc
- 6 Free Live sessions with trainers hired and trained by Robert
Here’s a screenshot of what you see once you log in as a Real Estate Course student.
So, how much does it cost?
It costs $395, but if you choose to pay in installments, then it’s $99 for a total of 5 payments (i.e. $495).
This comes with a 30-day money-back guarantee.
Also, they might upsell their coaching program for a much higher price.
Is It Worth Paying For Robert Kiyosaki’s Real Estate Course?
So, is it worth paying for his real estate course?
Robert Kiyosaki made money from buying properties.
If you are a complete beginner who wants to learn about real estate investing, it could be a good idea to get Robert Kiyosaki’s Real Estate Course which is priced at $395.
I really think you can learn something from it.
But, I don’t think it’s worth paying 5-figures for his coaching program.
If someone is charging me $20,000 for coaching, I am expecting at least him or her to help me make at least 5 to 10 times more.
Is it actually so easy to make back this sum of money from real estate?
Imagine you invest $50,000 in the property and you pay $20,000 for coaching, you are looking at an investment return of at least 40% to just make back your coaching fee.
So, what are realistic returns on real estate?
The median return on property investment in the US is about 8.6% according to the S&P 500 index.
What about capital appreciation?
“From 1890 to 2005, the average home increased in value by only 1% per year after inflation, according to the widely respected Case-Schiller Index of Home Values.”
So, you have to decide for yourself if it’s really worth paying so much for the coaching.
Alternative Ways To Invest Your Money
Personally, I think stock investing is a better alternative to real estate investing because it is easier to get started and more liquid and commission-free.
Of course, you can always go for both for diversification purposes.
If you choose to invest in stocks, it’s important to learn the fundamentals of stock investing and not blindly follow other people’s advice.
Here is a list of stock research platforms that I personally use to find good stock ideas:
I also use Motley Fool Stock Advisor to get new stock ideas.
Motley Fool Stock Advisor gives specific stock recommendations every month to help you build a stock portfolio for potential long-term growth.
It shows its members what stocks it is recommending, what the recommended purchase price is, and exactly why it might be a good stock for long-term investment together with the potential risks involved with the stock.
Also, there is no need to worry about when to sell because it gives its members a real-time notification about when it thinks it is the right time to sell the stock.
Let’s look at the Motley Fool’s track record as of 8th June 2023.
Below is the performance comparison between Motley Fool Stock Advisor and S&P 500 between 2002 and 8th June 2023.
As of 8th June 2023, average Motley Fool Stock Advisor recommendations have returned over 459% since inception while S&P 500 has returned 124%.
But, what about its individual stock picks?
This metric is important because members might not be buying every single stock recommendation made by Stock Advisor.
Below is a table that shows you the performance of individual stock picks over the years.
As of 28th April 2023, Motley Fool Stock Advisor has had 178 stock recommendations with 100%+ returns.
Here are just some of their best-performing stock picks over the years:
- Amazon: it’s up 19,806%*
- Netflix: it’s up 23,901%*
- Walt Disney: it’s up 632%*
- NVIDIA: it’s up 16,423%*
- Shopify: it is up 4,107%*
- United Health Group: it is up 2,338 %*
[*Returns as of 31st Dec 2021. Past performance is no guarantee of future results. Individual investment results may vary. All investing involves risk of loss.]
Will the Motley Fool Stock Advisor always be right about their stock recommendations?
No, because no one can be right about their stock picks 100% of the time.
Let me sidetrack a bit here.
If any stock-picking service tells you that they have a close to 100% success rate on their stock picks and can guarantee you high investment returns, you should definitely stay away.
Even Warren Buffet has loss-making stocks in his portfolio, but he still achieves above-average returns because a few big gainers in the portfolio can make up for the under-performers.
What I like about the Motley Fool Stock Advisor is that they are very open and transparent about their bad investments.
As a member, I can see the performance of ALL its past and current stock recommendations (even for closed positions).
For some other stock-picking services that I’ve tried, they don’t publish the performance of all their past and current stock recommendations, so it’s not easy for you to find out their true track record.
For example, the year 2022 has not been good for high-growth stocks because of rising interest rates and high inflation.
So, we can see a lot of Motley Fool Stock Advisor’s 2022 stock recommendations are not doing very well.
The truth is that other stock-picking services are not doing well either because of the stock market crash.
Do I still think it’s worth subscribing to the Motley Fool Stock Advisor?
My answer is yes.
The stock market goes up and down all the time.
Every few years, there is a bear market.
According to Peter Lynch who is a legendary fund manager, far more money has been lost by investors trying to anticipate correction than lost in corrections themselves.
In fact, I think the bear market is the BEST time to start investing in the stock market.
During a bear market, it’s more likely to find great businesses selling at very cheap prices because people are just selling out of fear when the business is still fundamentally sound.
A market crash is a time when huge wealth transfers from irrational and emotional investors to patient and rational investors.
So, if you are thinking of getting into stock investing, I highly recommend the Motley Fool Stock Advisor because I think there are a lot of well-researched stock recommendations with long-term growth potential.
How much does Motley Fool Stock Advisor cost?
Usually, its annual subscription is $199.
Right now, there’s a special limited-time $79 offer* for new members for the first year when you click the link here to try it out for 30 days with a Membership-Fee-Back Guarantee. (*Billed annually. Introductory price for the first year for new members only. First-year bills at $79 and renews at $199)
So, for $79 a year- that’s just $1.52 a week – you can gain unlimited access to their library of expert stock recommendations which are carefully selected to help you grow your wealth.