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1.0

I am taking my time and effort to write this review hoping that one less person could be saved from a unnecessary financial disaster.

There is no free lunch. The FREE workshop at the beginning was not free after all.

$530 for 2 people for the three-day workshop that promised to teach you about short sales, contracts, banking relationships, wholesale, assignments, portfolio strategy and asset protection was overpriced. The instructor, Lauri Waddell, taught you less than what you can Google online.

My friend wanted to learn about Asset Protection. She was told on Day 3 of the seminar that you should just get an attorney and a CPA.

To save you $530 and 3 days of your life, here is what they share with you at the workshop:

0. "This company" is a publicly traded company. (I could not validate this claim online.) And that everything they do is regulated by the SEC.

1. Mobile home park is a sure way to invest and build up monthly passive income.

2. Lauri Waddell's life story (40% of the time). I looked her up, all of her online presence seems to be self-created. There was no other recognition from any organization other than Elite Legacy Education. There is an online reference to her husband's Iowa engineering firm though.

3. The Mentorship program (50% of the time) that will cost you $52,500 for 2 people. Mind that the contract and printed material state that the mentoring only lasts 30 days.

4. Some unrealistic illustrative examples on wholesales and short sales.

5. Charge this ridiculously expensive "education" of $52,500 onto your "Investor Card", aka. Credit Card....and get yourself into consumer debt.

Fun fact: on Saturday, 7/23/2016, at the IAH Marriott Hotel, within 3 hours, the word mentor was used by Lauri Waddell for 82 times, according to a fellow attendee.

Read this link: https://www.reddit.com/r/personalfinance/comments/3mluj0/rich_dad_legacy_education_is_having_a_seminar_at/

Important: Many of us went back to the workshop on the second day, because we already paid for it. But, I did not go back for the third day. If you think about the value of your time, 12 hours (and, yes, you will spend over 12 hours a day at the 3-day workshop; 2-4 hours for commute, 1-2 hour to get ready in the morning and 10 hours just to listen to Lauri's maybe-not-true life story), then you would not do the 3-day workshop or that initial FREE workshop.

My advise: Run when you see "Rich Dad" or "Elite Legacy Education" and pass on the word so less people risk their live and livelihood on this scam.

A question to ponder: why hasn't the government punish this company already?

Reason of review: Complete Fraud.

Monetary Loss: $3000.

Preferred solution: Full refund.

Legacy Education Alliance Cons: Waste of class time, Under delivering what was promised.

Location: Spring, Texas

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Guest

They play with your emotions

Guest

Thank you for this. I went to the first day training and I feel frustrated. I wonโ€™t waste my time in the remaining 2 days

Guest

I spent $495 for the 3-day program. Sure I learned what i COULD do, and how I COULD make money.

But mostly what I heard was how rich and wealthy Lauri and her husband are. The program caters to the people who are ALREADY making money. Those of us brand new to real estate investing didn't have a chance. I left an hour and a half into day 3.

I was pissed. Then upon leaving one of Lauri's cronies asked why I was leaving.

I told them this is just another get rich scam and after all the online reading I did, I realized I could find all the same information for thousands less than what they are asking. Infuriating!!

Guest

Just went to this same thing with Laurie. I heard more about how well Elliot and Laurie have done and more stories about their success followed up by a sales pitch than I heard information on doing deals. Infuriating.

Guest

Same

Guest

I feel so foolish right now. I did not read any of this before I signed up and spent $505 to attend the 3-day this weekend.

I am supposed to go tomorrow morning, but I decided to not even go! I am fearful I will take my brand new Lenova tablet and try and shove it up one of those slick willies you know what! Besides.....my wife needs me to help her do something tomorrow and she is way more important to me than trying to stick something square into a round hole. :-) Live and learn....and try and keep the cost of your education down.

I will continue to buy more real estate. The principles they elusively try to avoid talking about are still true. I will just need to work harder finding them. So disappointed in Robbery Kiyosaki.

I thought he was one of the good guys out there. My Bad!

Guest

Yep, sheโ€™s a fake. Her and her Husband are both fakes.

He is not a engineer. Lost his license over a incident where he thought he was smarter than the department of natural resources. Thereโ€™s a article from Kiowa Radio online.

They are being investigated currently so apparently we arenโ€™t the only ones being scammed. Thanks for sharing everybody

Guest

Lauri, Brandon and the team are not the sharpest tools in the shed. Went to the event March 18, 2017.

They wasted everyones time and compared themselves as holier than thou, especially when they got mad at me for stating previous reviews. They are liars, disrespectful and should be embarrassed to be in the organization.

Guest

This is so true, just attended 50% of a 3 day course at the NEC in Birmingham! Had to leave once the price list landed, the premium package at a 'negotiable ยฃ40k' seemed a little steep

Guest

95% sales pitch, the rest education. mostly wasted time.

Klara Bgf

Good day and thank you for your feedback. The free workshop is indeed free though we do sell additional products toward the end of the session.

The three-day basic training is the first step towards achieving financial independence and while it is true that you may find useful information online, there is also a great deal of misinformation on Google not to mention the inability to engage with the educator or network with other students directly. Legacy Education Alliance is publicly traded (http://www.otcmarkets.com/stock/LEAI/quote) and therefore everything we say and do is compliant with the SEC. Each and everyone of our speakers is therefore heavily vetted. Robert Kiyosaki says: "There is always risk.

Your job is to learn to manage risk rather than avoid it". This quote rings true with our students. The risk in this scenario is whether or not you will rise to the challenge. We are not a get-rich-quick-scheme and hours must be put in if you want to succeed.

Resources must also be invested and in order to properly manage risk, you must decide whether or not you are fit to participate in our Elite program.

We do not foment actions that may lead to further financial distress as this is contrary to our teachings. Regards.

Guest
reply icon Replying to comment of Klara Bgf

BS, this is a total scam!

Guest
reply icon Replying to comment of Klara Bgf

YEA..............rigggggghhhhhhtttt. :-)

Guest
reply icon Replying to comment of Klara Bgf

After being an investor for 12 years, going to this seminar looking to step my game up. Came out dumber than I started because Lauri told me that my thinking was stupid, because I told her that this program that they are selling is too expensive and they are taking advantage of people in desperate situations.

Knowledge without a degree or certification should not cost that much. Also one of the team members tried to sell me this crap by showing me his 20,000 dollar watch. You shouldnโ€™t try to sell or market any kind of program with flash. I wonder how many desperate people he scammed to get that watch.

My opinion the program is baited information so that you can further buy into their scam. And to Lauri you are not worth 50,000 dollars for your time.

Kainan Ibz
reply icon Replying to comment of Klara Bgf

Nice speech Legacy Education, I can see youโ€™re well versed in scare tactics.

Guest
reply icon Replying to comment of Klara Bgf

I fully bought into rich dad poor dad and was excited to go to the 3 day course. The first day my wife said โ€œare they going to train us?โ€ We stick it out for the 2nd day and will not be going the 3rd day.

I like so many people wish I would have done some research first!! They spoke of having integrity and be a โ€œChristian ladyโ€ to the whole class multiple times. I feel like I was take. Advantage of and wasted my time.

Iโ€™m upset I spent 500$ just to be sold something even more expensive instead of learning. DO NOT WASTE YOUR HARD EARNED MONEY HERE!

Guest
reply icon Replying to comment of Klara Bgf

Itโ€™s typical not what you say as much as what is left out.

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