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Archive for June, 2008

Confession: I was almost sucked in by Rich Dad

June 25th, 2008 at 07:30 pm

I was just looking at my email when I saw an ad for some course or another for Rich Dad something or another. This reminds me of the time about 4 years ago when I decided I wanted to get rich in real estate with their help. So I signed up for the course they were offering at the time for $4000+ dollars. I'm not even sure what it was about but to get me to put the thing on my credit card the salesman talked about "leveraging".

At the time, I had zero cc debt and not even a car loan so I was skittish. He was trying to convince me that I wasn't going into debt but I was "leveraging" my money in order to make more money.

After a couple of days, I came to my senses and decided to cancel the thing. (You get 72 hours in these cases to cancel and get a full refund, it's some sort of law). That's when the fun started. The guy used every type of tactic he had in his bag from guilting me("you wasted our time, it took a lot to set this up") to trying to make me feel stupid("don't you understand the concept of leveraging? don't you want to succeed?) Finally he resorted to outright anger and harassment(he told me he wasn't going to allow me to do it) but I knew he had absolutely no right to do that, I wasn't even worried.

Looking back on it, it's amazing to me how much pressure I felt to want to make the guy like and approve of me. Fortunately I overcame that bit of stupidity.

I've had an unfavorable opinion of Rich Dad since.