What is Rich Dad Summit? Is it a Scam? (I can save you 2 days of time)
If you're wondering what is Rich Dad Summit about, you've come to the right place!
Rich Dad Summit is a 2-Day Virtual Summit (Online event) which is taught by various successful people in their own respective fields about how to create your own passive income streams and live the lifestyle you desire.
I've personally attended this Virtual Summit LIVE and that's why I said I can save you 2 days of time. Because it has now been recorded and the recordings of the event is still being sold on ClickBank for $1.
Honestly speaking, most of us don't even have a couple of hours to spare for our own education. Forget about spending 2 full days to attend a virtual summit.
So if you want to find out more about this event and whether it is right for you, read my Rich Dad Summit review...
Rich Dad Summit Review Summary
Product Name: Rich Dad Summit (Click here to join)
Founder: Robert Kiyosaki & Anik Singal in 2017
Product Type: 2-Day worth of Webinar recordings
Price: $1 + Upsells ($69/month & $97)
Best For: Beginners who want to create passive income streams
Summary: Rich Dad Summit is a 16-hour online virtual summit which lasts for 2 days. You will learn a variety of ways to build passive income streams but this course is mainly for beginners who are still finding their path. This will just be a waste of time for more experienced and advanced people who already have their own businesses.
Recommended: Yes (for beginners)
For those of you who have decided to take the online path and create your own passive income streams online, check out My #1 Recommendation here!
What is Rich Dad Summit?
Rich Dad Summit was a 2-Day LIVE Virtual Summit (Webinar) or whatever you call it which was held on 9-10 December 2017. Although the event has ended, the recording is still available for sale through ClickBank.
So, if you decide to join the webinar, you can pay $1 and watch it anytime you want because it is a recording.
Let me share with you what this program is about from my first-hand experience...
You've mostly probably heard of Robert Kiyosaki and his international best-selling personal finance book - Rich Dad Poor Dad!
If you haven't read it, I highly recommend you to do so because this book has changed thousands or even millions of people worldwide. (I believe that's an understatement)
This time round, Robert has partnered with Anik Singal, the founder of Lurn, Inc., as well as 7 other highly successful speakers to deliver this 2-Day webinar.
They will provide you with 7 ways to create a sustainable passive income for life.
And they're offering this program for just $1 because they said that they truly want to help as much people as possible. So, they don't want to charge a few hundred or even thousand bucks for this like many other programs do.
Who is Rich Dad Summit for?
Rich Dad Summit is for people who:
- Are struggling financially
- Are stuck in their JOB
- Wants to quit their jobs
- Wants to achieve financial freedom and live the lifestyle they desire
Basically, this summit is for anyone who has not yet achieve financial freedom and need help with that.
However, Rich Dad Summit is NOT for people who already know what they want to work on.
For example, if you've decided to be a real estate investor and you're already learning and taking action to achieve your goals, Rich Dad Summit may not be worth of your time.
Or if you're already working on your online business and yet to achieve financial freedom, Rich Dad Summit may not be for you as well.
The reason is this...
Despite having a lot of great speakers with useful content, Rich Dad Summit's target audience are people who yet to find their passion or a way to create passive income.
So the lessons are pretty rudimentary. If you are more experienced, I'm not saying you won't learn new things, but you may be bored or even fall asleep at some point.
That's what happened to me when I attended the LIVE Summit LOL!
I fell asleep during the LIVE Summit!
Due to the difference in time zone, I need to wake up in the middle of the night to attend the lessons.
One of the reasons I fell asleep might be because I was tired. But another reason is that a lot of the things they were talking about were too rudimentary for me so I got bored.
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Rich Dad Summit Lesson Details
Let me briefly explain to you the event details, including who will be speaking and what you can expect to learn...
Rich Dad Summit Speakers
These are the 9 speakers whom you will be learning from during the 2-Day Summit. (Well, not exactly 9 as one of them is Robert's Real Estate Investing Coaches)
As you can see, these are all experts in their respective fields.
So there are definitely valuable lessons to be learnt but I don't think many people can sustain through the 16 hours and absorb everything.
Day 1: Ways to Create Your Own Passive Income
Here is the scope for Day 1:
- Secrets to building long-term wealth (Robert Kiyosaki & Jeremy Bellotti)
- Diving into the Cashflow Quadrant (Andy Tanner)
- The difference between creating a job & being an entrepreneur (Jeremy Bellotti)
- The best online and offline business opportunities (Andrew Lantz)
- The fastest way to start a business - The X Factor (Jeremy Bellotti & Anik Singal)
- Assets vs. Liabilities (Andrew Lantz)
- Demystifying the stock market (Andy Tanner)
- An Email list as an asset? (Anik Singal)
- Building your success team (Jeremy Bellotti)
Basically, Day 1 is mainly to introduce to you the different ways you can build your passive income stream, such as Entrepreneurship, Stocks & Online Marketing (Email Marketing).
They will also cover some of the important concept in the Rich Dad Poor Dad book, such as the difference between asset and liability. These are essential knowledge if you truly want to be financially free.
But if you've read Rich Dad Poor Dad before and you already understand the concepts, these will be rudimentary for you.
Day 2: Ways to Make Your Money Work for You
Here is the scope for Day 2:
- Success is Simple (Jeremy Bellotti)
- Profit from Real Estate...The Rich Dad way! (Robert's real estate investing coaches)
- The opportunity in Bitcoin (Max Wright)
- How to leverage the global economy to develop a business (Fred Lam)
- The power of soft assets (Andrew Lantz)
- The tax savings of becoming an investor & entrepreneur (Tom Wheelwright)
- How to protect your assets (Garrett Sutton)
- The power of contribution (Anik Singal)
In Day 2, there are more information on how to use your money to make even more money (let money work for you!)
For example, you'll learn how to invest in real estate, bitcoin and you'll also learn how to use legitimate ways to pay less taxes!
The Rich Dad Summit Funnel (Upsells)
It's impossible for them to gather so many experts and only sell the Summit for $1. So there's obviously upsells involved.
This $1 Summit is what internet marketers called the "Tripwire". Just like a Free Gift in exchange for your Email address, it's a tripwire for more upsells in the sales funnel.
The image above shows the sales funnel of Rich Dad Summit.
The core offer is the $1 Summit we have been talking about in this Rich Dad Summit review.
Upsell #1: Rich Dad Insider
Immediately after you sign up for the Summit, there's an upsell of "Rich Dad Insider" which is an advanced course by Robert Kiyosaki. It will dive deeper into topics like real estate investing, taxes, self-development, passive income, entrepreneurship and many more.
It's a 15-module course with a monthly updates of new "insider secrets".
This upsell has a Free 14-day trial and $67/month if you decide to continue.
Upsell #2: 5 Money Rules
5 Money Rules is an one-time-offer (OTO) upsell that cost $97.
Basically, this is another Robert's course about money. It teaches you the right mindset rich people are using to accumulate more wealth and protect it.
I've not purchased this course myself so I can't say much.
However, I found this course online which is only charging at $4.97. Check it out here!
It looks like the same course but I'm not sure why the price difference is so huge.
Anyway, there's a downsell for this 5 Money Rules which cost $47. It is the "Lite" version of the $97 course.
Again, I've not purchased this myself so I can't say much.
Pros & Cons
1. Good for Beginners
The lessons are easy-to-follow because they are targeting complete beginners. That's also why they charge the price at only $1.
2. Covers a Wide Range of Topics
This summit is not an advanced course that is specializing in any market or expertise. It's a summit that introduces you to many different opportunities.
That's why they gather so many different experts together to help beginners find out the thing they want to pursue to build their passive income.
3. Learning Directly from the Experts
It's hard for you to have the opportunity to learn from so many different experts at the same time.
Who you are learning from is more important than what you're learning. This is a rare opportunity to listen to these experts all in one place at such a cheap price.
4. 100% Virtual
This is a 100% virtual event which means you can go through it at the comfort of your own home and you can watch the recordings anytime you want.
So it's pretty convenient!
1. Too Basic
Like I've said, more experienced ones will feel that this course is too basic. That's also why I fell asleep during the LIVE Summit.
2. Too Time-consuming
There's a total of 16 hours worth of video, 8 hours per day. I don't think there are many people who have that much amount of time to go through the whole thing.
Since it's too basic for me, I didn't finish the whole webinar as well.
3. Too Cheap
What are you talking about, Jerry? Too cheap is also a problem?
Let me ask you... what's the difference if you pay $1,000 for a course versus somebody who are invited to the course for FREE?
Well, you may feel it's unfair. But let's put that aside first.
Do you think you'll put in a lot more effort and attention than the one who pay nothing? Of course!
The act of buying creates a commitment that causes you to take action.
Since Rich Dad Summit is so cheap, I don't think a lot of people will take it seriously. Some might think it's okay even if I can't attend it due to other reasons because it's just $1.
So despite they have great content for beginners, many people won't get the full benefit because they are not committed.
Does that make sense to you?
Is Rich Dad Summit a Scam?
Rich Dad Summit is definitely NOT a scam! There are a lot of useful information from the experts that only cost you $1, which is crazy.
A more suitable question is: Is Rich Dad Summit worth my time?
Unfortunately, a lot of us don't have 16 hours to spend watching videos and listening to "lectures" online. Not all information will be relevant and useful to you as well.
I bet that you'll fall asleep or be bored out of your mind at some point during the webinar.
So, my advice for you is this...
If you're a complete beginner who wants to create your own passive income but not sure where to start, these 16 hours of Rich Dad Summit will well-worth your time. You can discover all the major ways for you build passive income streams.
However, if you already have your own business and you know what you want to work on, you should look for more advanced training within your field. Rich Dad Summit is not for you.
How I Make a Living Online...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!