Today I was in the studio at Cashflow Technologies headquarters in Scottsdale Arizona. Robert Kiyosaki interviewed me about my Facing Foreclosure story on Rich Dad TV. You will be able to watch it soon if you are a member of Rich Dad INSIDERS.
I was going to have the top 10 ten questions from the “man on the street” for Robert. However, I was disappointed with the responses. While there were a few constructive questions, it was mostly a bunch of criticism and hate. So I ended up scraping that plan and simply asking:
How would you advise me to deal with the critics?
Robert Kiyosaki’s main message:
Mistakes are only Sins… when not admitted
And then addressing my point:
Screw the critics!! [while flashing his middle finger]
He was proud of me for admitting my mistakes and taking personal responsibility. He encouraged me to not give up and keep learning and pushing forward. He also gave me some books to read about real estate investing
Afterwards, I was given a tour of the Cashflow Technologies headquarters. I got to meet most of the staff members and one of Rich Dad’s advisers and co-authors Sharon Lechter.
The positive energy of this place was overwhelming! Everyone was very accepting of me in spite of my screw-ups.
I’m staying pretty busy here. For more coverage on my trip head on over to Prlinkbiz and Kimber’s NoLimitsLadies.com blog. Again thanks to Prlinkbiz for making the Robert Kiyosaki trip possible.
Here are some of her entries about the trip:
Casey Serin Hanging With The Phoenix Crew
Casey Rollin’ With RK and the Homies
(more cover to come soon…)
118 Comments
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Wow, this is incredible. Lie, cheat, be a huge loser in debt up to your eyeballs, and you get your hour of fame.
WOW.
You’ll probably be the next Donald Trump.
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Dude, congratulations! You’re now a poster boy for the RDPD cult!
Keep reading those books….. and remember, positive thinking will overcome all obstacles!
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so…
he didn’t help you out financially????
darn
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hmmm…same blue “staged” shirt huh? All we needed was you and Rich Dad on matching blue bouncing balls and I might have even started to see the humor in all this.
So what’s with the picture of the handshake? What on earth could you be shaking on?
Rich Dad “Ok schmuck..so let’s go over this again…
one..stop telling people that you used my methods to go into debt! How am I gonna sell more books?
two…congratulations on having the courage, the drive, the dream…to be a dumbass..now get the f*ck outta here, take this token book, and get me off your blog!
Oh and three, I didn’t pay for your trip here, I’m not paying for it back, and for the last time NO I am not interested in any of your properties!!!!
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So Casey,
What are the top 3 different actions you will take upon returning home? It was nice that you got interviewed, got some books, and felt positive vibes…
Sounds like RK got what he wanted out of the visit (an interview and some personal distance from your problems) - what did you get that will change your behaviors and thus your results?
What did you learn that will cause you to either do different things, or things differently? (Hopefully more of the former than the latter.)
At the risk of being negative, what the heck does RK’s comment “Mistakes are only Sins… when not admitted” mean?? Is he Catholic? Aren’t you and he missing the need to both correct your mistakes and to learn from them? Admitting them is nice but only the first step, not the goal.
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What have you really accomplished Casey? By the time you leave Phoenix you will have spent several days of your time and lost opportunities to actually get out of the massive criminal mess into which you continue to sink.
What has this so called guru done for you? Did he pay off your debts? Did he give you a job? A book deal? what? Or did he just use you for his show?
Here’s what I think Casey; everyone you think is your friend couldn’t give a rat’s a$$ what happens to you. All the so called “haters”, they’re the ones who actually offer you honest advice and might even have at least an once of compassion for you.
You know what your real problem is Casey? Your problem is that you’re always drawn to people who say the right things while sucking the blood out of your veins. Robert Kawawhatever is not your friend, he’s not your “mentor” (whatever that is), and most of all, he’s not the person who will save yoru sorry butt from the doomsday that awaits you.
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Wow, I for one am impressed that you met RK. I have followed his advice, and found it very helpful so I hope you will too. I think you have been swallowed by too much negativity from those who want to see you fail. You should take comfort from your visit with RK that you are on the right course, and don’t throw in the towel. I have all the confidence you are going to upstage those who are heckling you for your plight.
I hope you now see the way out is to keep on course, buy more houses while the market is in your favor, and with the income you generate, cover your losses. You already have a portfolio of $2.2 million. You need to work on expanding that, and do not pay attention to a temporary slowdown that came with the beginning of the school year. The National Association of Real Estate Dealers says the worst of the housing setback is now behind us. So there’s nothing but strawberry fields ahead. -
He was proud of me for admitting my mistakes and taking personal responsibility.
Ummm… isn’t part of “admitting your mistakes” acknowledging that buying houses you couldn’t really afford on margin (to flip) was not such a hot idea after all? And isn’t part of “taking personal responsibility” getting one of those 9-5 “rat race” real jobs (which you seem to hold in such contempt) and at least attempting to repay your defrauded creditors?
Whatever… I give up. You’re absolutely right. All you need is blind optimism and a single-minded self-absorbed determination to get rich quick without any real effort or personal sacrifice. Enjoy your 15 minutes on RichDadTV. Perhaps RK can help sell your underwater properties for you. Best of luck to ‘ya!
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What an incredible waste of money. Your plane ticket got you a line of marketing bullsh*t and 3 free books.
Oh wait, you got a tour of a studio! That makes it like, so worth it!
*roll eyes*
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So, Casey, your big question for RK was:
How would you advise me to deal with the critics? -
Oops, posted by mistake.
So, your question was:
How would you advise me to deal with the critics?
Not–
How do I get out of this mess? What are the top 3 things that I should do to fix this situation and “repay every dirty penny I owe”?You are self-destructive beyond words. Unbelievable.
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What’s the deal with the same blue shirt and brown pants? What are they, your uniform? Perhaps the photos posted hereon were all taken on the same day. Anyway, now it seems you’re peddling his crap. What a surprise.
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Where’s the part where he offers to buy all of your property for the amount of your outstanding loans?
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Will you help me?
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Here I quote John T Reed a spectable RE investment author.
“Collection of age-old cliches about money
A reader recently suggested that Rich Dad Poor Dad is nothing but a collection of cliches about money. Old cliches. Cliches that have been around since way before Kiyosaki claims “rich dad” originated them. The reader further said that Kiyosaki then appears to have simply made up a bunch of accompanying phony stories to fill the cliche collection out to the length of a book. She may be right. For example, Kiyosaki’s fear-and-greed advice (see below) is an age-old Wall Street cliche about securities prices.”http://www.johntreed.com/Kiyosaki.html
Kiyosaki’s books will lead you over a financial cliff. Look at poor Casey. RK can’t even speak intelligently I saw him on TV and he talks to the audience like they are uneducated riff raff (which they are of course!!) haha - but so is he.
Seriously buy some college level finance/economics books instead of this qet rich quick crap. There is NO DECENT ADVICE from RK but BS about how the rich get richer and dont get a j-o-b but invest and start a business (that sums up his message) he has no other message.
I just hate con men and bs authors.
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Casey,
You rock. I am amazed at how well you are taking this. Trying is not a crime…giving up and not taking the next right step is. Even if you need to get to the sidelines since I don’t see any real way out under the circumstances, never giving up doesn’t mean one shouldn’t pause at impasses to reflect on the lessons learned on the journery.
Clearly, you didn’t know what you were doing. As a friend of mine once said, “A little information could be very dangerous.” It was clear to more seasoned investors that this year was not a good time to try what you did. Compound that with missteps and misjudgements and you have a recipe for disaster. That is what you created…not wealth, but a disaster.
Well, as RK says, learn, never give up, screw the critics and keep moving forward.
Just want you to know, I’m on your side.
Frank In SF
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The combination of greed and stupidity exhibited by this individual is astonishing. The media hype and the blog nonsense is just a natural by-product in our connected world. The threshold of interest is pretty low; reading about some pinhead who took every credit card application he ever got in the mail wouldn’t really capture the moment like some idiot who applied for (and got) more mortgages than he ever qualified for. Casey is a moron and if stupidity were a capital offense he would be doomed.
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I was just thinking. If Prlinkbiz could afford to fly you out does that mean they make money in blogging? Just from a blog?
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It’s like you’re not embarrassed at all. If I made half the mistakes you did, I would be hiding under a rock. But you’re all out there, yelling, “Look at me, everybody! I’m probably about to go to jail, but look at this great interview I got in USA Today!”
I don’t get it.
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This huge whole scenario is a perfect portrait of an individual taking advantage of opportunity. I know my ancestors, and those of many of us did the same thing, and WOW, look where they are now. There are stories of great successes. I applaud Casey, and those who are negative, well, that’s your rap, not Casey’s. Thank God for America, the land of of opportunity, as they say, “Only in America.
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Did he point you in one or another direction about filing for BK?
Did he offer any advise on the Texas property?
Seems like you just wasted another day not trying to sell any of your properties or hunting for a contract for your own rich dad. How many weeks is it going to take to land that first $5,000 payoff?
Tick tock my boy.
Did he autograph the books? Perhaps you can sell them on ebay.
How many copies of the USA Today story did you buy? Maybe you could sell autographed copies of that.
Maybe you can make sort of marketing deal with a BK lawyer?
Marketing might be your way out, but you’ll have to act fast.
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So, what’s the payoff? Even assuming you didn’t go further into debt fot its sake, why is (was) this trip worth your time?
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.. it seems that all of you with negative comments live an anhappy life
there is so much bitterness from you
sometimes it is just better to be quiet and say nothing at all
i’ve been watching this blog for a while now, it seems that there is a lot of jealousy, otherwise what is it? yes, he made some mistakes, so what? he learned his lesson i’m sure… hopefully there wont be same mistakes in the future..
after all this critisism he’s still stands strong and optimistic, once a person set his mind on something, no critics are going to change anything, so it does not matter what we comment here, positive or negative… he’s still going to to whatever he feels/thinks is right.. -
It’s good you have all that positive energy. Now if you only had some positive cash flow to pay off those other 5 houses…
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SO…What would Mr Kiyosaki do if he found himself in your situation?
Also, Anon please come back, we miss you. Someone will have to take over the role of BUBBA. U R GONNA GIT IT UP THE BUM
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so.. like… did he give you any tangible advice for how to get out of your hole? or did he simply use your 15 minutes to get some quick promotion himself?
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Casey, have you signed the deed-in-lieu yet? What’s the status of the other properties? I still advise you to get at least some rent payments out of them, while they’re still yours. How long does the foreclosure process take in New Mexico?
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Casey
You may have missed this but the last post on your Muncy Dr page, from “Juan” is something you ought to follow up on pronto. You need to market to the Hispanic community, as I told you a long time ago. Larger household sizes, strong work ethic = ability to handle mortgage payments. He is even volunteering to help you complete a short sale. I will be very disappointed if you don’t get in touch with him. I live in Texas and understand this issue very well.
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Casey, you are such a D******** !!!!
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Did you get Kirosaki’s home phone number? Maybe he needs someone to mow his lawn. You can charge him $384 a day and mow it every morning. Because that is roughly how much you lose in INTEREST EVERY WAKING DAY!
$1.64 mil in loans at an average interest rate of 8.5% is $2688 per week. Someone is going to eat that loss. Either the bank, or you, or both together.
You need to add $2688 in value to your properties per week. Speed is of the essence, as you want to limit the amount of time you’re holding onto the properties and racking up those bank charges.
Taking handshake photos with Kirosaki is not going to help unless he can give you clear direction on renovating or dumping the properties.You’ve been exposed to these charges for a YEAR. This is your biggest mistake. You need to move quickly. That 8.5% interest rate is like a radiation field you’re standing in. You need to RUN THROUGH and not hang around with 4 fingers up your a$$.
Dump those radioactive houses before they kill you. Kirosaki is not going to give you a radiation suit. -
Jeez, this has just gotten sickening.
I’m out.
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Wow, this is just such a big deal. So was this just another photo op in your grand scheme of things, or did he actually float you some captial? If it’s just another ego stroke then please, post something more intersting, like static.
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“Screw the critics?”
Did I see that correctly?
“Critics” are the LEAST of your worries.
Either this is part of a VERY duplicitous marketing campaign, or, if there is any justice, your “critics” will have titles like “Corporate Counsel,” and “Assistant District Attorney.”
If this IS part of a very duplicitous marketing campaign - and I suspect it has been all along - then I can see you as Chapter One in someone’s new book, “Making Money In Real Estate A DOWN Market With Foreclosures.”
Ask Kiyosaki if you can see his tax returns for the last seven years…
By the way, ever hear back from USA TODAY?
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Wut happend 2 dis blogg?
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Wow Casey,
Few opportunities like this come in our lives, and I’m abjectly jealous that I’m not 24 again, and in your shoes (apart from the tanking properties and what not), but I suppose this wouldn’t be a probable scenario without the baggage surrounding your situation, huh?
Lots of positive vibes are being sent your way! Do you fell them?
Nobody needs to tell you to take advantage of this priviledged opportunity to rub elbows with a success story like Robert Kiyosaki!!!
Ok, let me lie down and sulk that I’m not you.
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Yeah. Why isn’t he buying your properties off you?
:(
I thought it was going to be like in the movies.Btw, are you going to have Casey dolls available? I’d buy one.
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serious question casey - did he give you and advice for staying out of jail, or getting published?
keith - housingpanic
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Very cool but make sure you keep you eye on that deed in lieu you got offered.
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Maybe I am the only one who thinks Casey will dig himself out of the hole he is in. He will be the exception, and it will be due to the fact that he was in trouble early and he is skilled at ginning up lots of free publicity. So, good for him.
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At least when you’re in prison, there will be 3 hots and a cot. Just a little something something to look forward to !
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Reading through some of these posts, it seems you’ve had your share of criticism. I am tempted to do the same considering that this flipper behavior has helped prevent me from acheiving the “American Dream”, but… I have recently come to believe that the real losers are the one’s like myself who have spent most of their lives thinking that we can get ahead without taking any real risks. I don’t have much advice for you other than what you’ve already heard or seen. So, good luck.
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You speak Russian? I think you need to get a job as a translator - some cos. pay big bucks.
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I don’t think I can emphasize this enough… Robert Kiyosaki is a con artist. See the following link:
http://www.johntreed.com/Kiyosaki.html
I’m sure he’s very convincing and charming in person, but so are all other con artists. I don’t agree with the ideals of those who think that real estate is the only investment you need–it’s smarter to diversify.
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Hey Frank in SF, trying is NOT a crime. Trying while lying is however. Get a clue.
BTW Casey, why do you care what “critics” think? You started this blog supposedly to get advice about what to do with your present situation. If this blog isnt a marketing ploy as some suggest, then why arent you taking the advice of ANYONE that has posted on here? And for all the people who tell you to “get back on that hoss” and “screw the critics” and “keep the dream alive”, don’t you realise that Casey’s credit is so shot to $@#%!% that he couldn’t get a loan from anywhere right now.
One more thing Casey ol’ boy, why did you spend all that money getting higher mortgage rates or paying more fees to not have pre-payment penalties on your loans? Yet again you didnt do your reasearch, it is illegal in just about every state to have “hard” pre-payment penalties which you have to pay if you sell the house. 90% of pre-pays are “soft”, meaning you only have to pay them if you refi the loan, not sell the property. The whole idea for prepayment penalites is to prevent borrowers from constantly jumping out of loans. Yet another example of you jumping before looking.
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I’d like to see how well RK’s middle finger holds up in foreclosure. My guess is that unless it’s wrapped in 10,000 dollar bills. (yes they exist) It won’t do much.
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Great. Casey will now the Icon for BK or Foreclosure in the new boardgame. And collect his ‘paycheck’ after all current financial issues are resolved. Just beautiful.
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I like how he tells you you’re in the “dead zone” where few fear to tread, but those that press on go on to huge success.
I don’t know about you, it isn’t fear that keeps me from going into debt that I can’t possibly afford, it’s common f*cking sense. For most people venturing out on their own, they will start up a business and get venture capital or a business loan when they have a rock solid business PLAN. You, know, kind of like the opposite of what you did.
It’s true that people that have gone onto success have had to endure failures, pick themselves up and keep going. But for the get rich quick person’s mentality, you don’t understand that all those small failures give you something called experience. You then use that experience to better your future endeavors. That’s what it means by paying your dues.
Have you paid your dues? No, you can’t even pay your credit card bill.
You aren’t entitled to anything, you haven’t done anything to “deserve” anything.
I agree with an earlier post, unless the person is an extremely close personal friend or family, these people that say they want to help you, could give a rats *ss about you and your situation. For anyone you’re doing “business” with, all they smell is blood in the water and will take from you everything they can. Afterall, you were trying to do the same thing.
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I honestly do not understand all the positive ‘ata boy’ comments on this blog.
Edward Allen: I think you have been swallowed by too much negativity from those who want to see you fail. You should take comfort from your visit with RK that you are on the right course, and don’t throw in the towel…I hope you now see the way out is to keep on course, buy more houses while the market is in your favor, and with the income you generate, cover your losses. You already have a portfolio of $2.2 million.
Geez Ed… so the ‘right course’ includes mortgage fraud on a massive level? If theres a lot of negativity here, its because Casey’s actions are not only illegal, but reprehensible. When, pray tell, is the market going to be in his favor? 2010? Someone do the math on the interest accrued.
Overrainbow: This huge whole scenario is a perfect portrait of an individual taking advantage of opportunity. I know my ancestors, and those of many of us did the same thing, and WOW, look where they are now. There are stories of great successes. I applaud Casey, and those who are negative, well, that’s your rap, not Casey’s. Thank God for America, the land of of opportunity, as they say, “Only in America.
Read that again. Taking. Advantage. Opportunity. So rainbow, your ancestors are felons? What Casey did was commit a felony. Wake up people- if hed obtained this money by walking into a bank with a handgun, a mask and a note, you wouldnt be applauding him. His actions here have had the same effect.
andreeva: i’ve been watching this blog for a while now, it seems that there is a lot of jealousy, otherwise what is it? yes, he made some mistakes, so what? he learned his lesson i’m sure… hopefully there wont be same mistakes in the future..
after all this critisism he’s still stands strong and optimistic, once a person set his mind on something, no critics are going to change anything, so it does not matter what we comment here, positive or negative… he’s still going to to whatever he feels/thinks is right..Jealousy? Yes- we’re all jealous of this criminal mastermind. I hope doing what he ‘feels/thinks’ is right includes ‘pleading guilty to multiple felony counts’ to save the tax payer (whom he has already defrauded via his mortgage fraud scheme, since one of the gov’t sponsored mortgage programs probably secured his debt) the cost of a trial.
Will you people please wake up! This is not investing with a side of mistakes- this is felony mortgage fraud and should not be condoned or accepted. If he, by some miracle, manages to pay back every cent, he still *must* be punished under the law- which means some serious jail time.
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Maybe if you shaved that little soul-patch off of your face your luck would turn around. You look like a 12 year old boy with cat hair stuck to his face!
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Rich Dad in Russian? You dweeb! For anyone that wants to visit Casey in a few weeks, please get yourself familiar with the Sacramento Main Jail Inmate Visit Registration and Information process to be found at:
http://www.sacsheriff.com/orga.....tation.cfm
And while you’re enjoying your stay there Casey, please give my regards to your new husband.
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I love it when those who claim to be more mentally superior than others misspell their insults. That makes me laugh. Casey, congrats on meeting your “inspiration”, I hope the meeting went well and that you were able to gain some good insights and information.
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“.. it seems that all of you with negative comments live an anhappy life
there is so much bitterness from you
sometimes it is just better to be quiet and say nothing at all
i’ve been watching this blog for a while now, it seems that there is a lot of jealousy, otherwise what is it?”Why, are you making a negative comment about us andreeva? Tsk tsk..hypocrite…you were better off keeping your mouth shut and not becoming a hypocrite..or were your words about us critics positive?
Edward Allen
“You already have a portfolio of $2.2 million”
you are kidding right? He has a portfolio of NEGATIVE 2.2 million not 2.2 million..sheesh, with a brain like yours..let me guess…you lap up all of RK’s stuff right?
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screw the critics huh…what if these same critics were the investors you screwed with your lies– really get a job…and some medication ..your in dream land and going deeper…business is about paying your bills…its the first basic step….you can only reap what you sow…and all youve sown is dust
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lol…inspiration…smells more like perspiration
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“I love it when those who claim to be more mentally superior than others misspell their insults. ”
Gee Jen, are winning spelling bees your claim to intelligence?
Do you go to parties and brag about how smart you are because you can spell? I won a spelling bee back in the third grade..my mom said I was the smartest person she ever met.
You think Einstein could spell? Alot of PhD’s I know can’t. No Jen, we are mentally superior to this moron because we are not in the hole for 2.2 million, and we didn’t advertise or broadcast all of our illegal and fraudulent dealings.You want a laugh, look in the mirror at someone who thinks SHE is mentally superior because she uses a spell checker.
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drtomaso,
Why are you arguing with shills?
This entire blog is a marketing scam.
Interesting,that in the picture meeting the “guru” and in the “blue ball” picture at “Rich Dad’s office” he is wearing the same attire. Could they be from the same day/location? I remember somewhere that this Kiyosaki and the phrase “Rich Dad” have something in common…. duh.
What are the odds that a 24 year old wanna-be screwed flipper gets 2 million in phony loans, starts a blog, admits fraud and other crimes, has multiple foreclosures, does everything NOT to get out of the situation, then suddenly announces that he is working for a “Rich Dad” for free and that there are “spots” for a few others to learn from “Rich Dad”, then has someone that knows Kiyosaki pay for and set up a meeting with Kiyosaki, then he admits this blog is for marketing, then meets Kiyosaki. In the meantime, he has generated a huge amount of free publicity, which he has admitted, no one has checked on his story in depth.
All of this at the same time Kiyosaki has a new book out.
Do you folks need to be hit on the head by a 2 x 4 to get it?
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Casey, my boy… you haven’t accomplished anything with this trip. Why are you wasting your time with endeavors that will not help you one iota? I am baffled by your decision-making process. You finally got the DIL and then you SIT ON IT for several days so you can meet this RE guru/yahoo because you read a few of his books??? Unbelievable.
You are in serious financial/legal distress right now, Casey. I realize you view yourself as a young entrepreneur, a mover and a shaker who made a few bad decisions… perhaps even an unlucky guy who didn’t realize the RE market was turning but every single decision you’ve made for the past six weeks has been utterly ridiculous.
I’m going to pray that God will give you some clarity because right now you seem to be chasing fame rather than taking responsibility. I truly believe that God will be your only salvation in this mess you call your life.
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I gotta say, Casey, get a haircut, shave, and get some better-fitting clothes!! You’re way too skinny for that cheapo Brooks Brothers wrinkle-free “1999 blue”-colored shirt. (Plus you’ve been wearing it for months its gotta stink by now). And those rumpled baggy khakis. Seriously, I agree with the last guy: you need a full wardrobe makeover. Go to a good men’s store and get some clothes that fit.
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Judging by the photos…it looks like it was a rather awkward meeting.
I hope that phone call over lunch was regarding the DIL on the Dallas property!
P.S. They let you pay for lunch? Where did the $ come from?! I hope it wasn’t the $20 that you got to check your credit report, because I really want to see what it looks like!
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Hey, Jen? There’s a pretty big difference between a spelling typo and complete ignorance and naiveté which seems to be the common link between the people here who continually give Casey their best wishes and puppies and unicorns speeches.
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What a schmuck.
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Too bad Taiwan Lee hasn’t started a blog. He is among a group accused of buying 17 homes for inflated prices and taking $2.1 million from excess loan proceeds. We could compare and contrast Casey with Taiwan Lee. I think there’d be a lot more “comparing” and not much “contrasting”.
http://origin.denverpost.com/business/ci_4567736
Oh yeah, he’sTaiwan’s in jail now.
To Jen: I hope you’re not the same Jen from Dublin, California whose last name starts with an “M”.
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Did Bob Kiyosaki thank you for being dumb enough to volunteer for the bottom rung of the giant pyramid scheme he was selling? Or did he ask you to bow down and kiss his boots like the Egyptian slave you are?
No offense intended, just curious.
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lol.
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I hope after meeting RK, Casey can get some good sleep at night because Casey does look extremely stressful.
Casey - I am disappointed that you did not state whether RK gave you any tip on how to get out of your situation. Although I would not surprised if he didn’t. RK is smart enough for not advising you on anything because your mortgage defrauding would be considered a felony in any state and federal law. RK wouldn’t want to be tagged with any conspiracy, would he?
I am extremely disappointed in RK’s comments and middle finger flashing. Although I’m not a fan of his investment techniques, I think he’s a smart, successful, and educated businessman (look how RK makes money in literature business). He wasn’t vey educated as I thought he was and he did not seem giving you any relevant advice for your situation.
Like most of people on here who live by and obey the laws, I criticize your unethical and felonious conducts in flipping houses and obtaining mortgage loans through frauds. I don’t hate you. I am a critic, yes, but not hater. I wouldn’t doubt that many “critics” on here are successfully businessmen & -women who practice lawful and ethical conducts. Thus, they have the right to criticize your unethical and illegal action.
I truly wish you well although I agree with drtomaso that even if you manage to pay off every penny you owe, you should still be punished under the law for your criminal conducts.
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“Gee Jen, are winning spelling bees your claim to intelligence?
Do you go to parties and brag about how smart you are because you can spell? I won a spelling bee back in the third grade..my mom said I was the smartest person she ever met.
You think Einstein could spell? Alot of PhD’s I know can’t. No Jen, we are mentally superior to this moron because we are not in the hole for 2.2 million, and we didn’t advertise or broadcast all of our illegal and fraudulent dealings.You want a laugh, look in the mirror at someone who thinks SHE is mentally superior because she uses a spell checker. ”
No, the point was that it just looks silly, and makes the advice lose it’s emphasis. For others being superior for not broacasting illegal dealings, well, that’s just smart and a moot point. And as for the rainbow comments, there isn’t much else to give. All the advice regarding the financial situation is already here and there isn’t much else to add. Besides, it gave you something else to be enraged about other than Casey, so stop your whinning.
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Nice to know that you don’t have enough money to pay your rent but you still find a way to buy lunch for other people.
Boy that trip to Phoenix was sure worth the trouble…you actually got to shake the hand of a bigger sheister than you! Now you have something to think about when the banks finally get around to foreclosing on you and the DA files charges for fraud. And photos too!
How cool is that?
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Wow, there’s a “Rich Dad” TV channel? This story gets more and more depressing each time I check in.
You should have asked RK why his books look like they were designed in 1981.
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Casey,
This is like watching a train wreck in progress. You need to stop bleeding cash from you properties. Sell the houses at a loss, consolidated the loans (if you can which i doubt) and pay them back. That is the only way you’ll learn from your mistakes and actually deal with the consequences of your actions.Or you can take the quitters way out. Declare bankruptcy, ruin your credit, defraud lenders and simply pay lipservice to the illegal actions on your part. By this time i’m not sure if you have any choice left in the matter however…
To those who follow the rich dad cult please realize that his advice is all fluff. You won’t get any real business knowledge from this guy. The only person making money off his strategies is the author himself. Look how he used Casey on his show for ratings since his story is getting media attention. Did he actually give advice of any substance whatsoever that would make a difference in Casey’s life?No. Would you want to go into business with a person whose character is so obviously exploitative? I certainly wouldn’t.
There’s no secret that any financial book can offer you that will make you rich in a short period of time without taking on tremendous amounts of risk. Even if such a secret existed nobody would share it and/or it would become common knowledge which would therefore render it useless.
Good luck Casey
J
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Casey,
Suggestion for three things to get you out of this miss:
1. Write a book about how easy it is to get rich buying and selling real estate.
2. Charge a thousand bucks to thousands of brainless wannabes to attend your seminars on how to buy real estate using extreme leverage.
3. As you are giving the seminars, dump your overpriced real estate on the gullible suckers who believe your “great advice”
Whoooops! Kiyosaki, Trump, Carleton Sheets, et. al. have already perfected and implemented that business model.
Your ignorance and audacity are examples of everything that is wrong with America today.
Good Grief.
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@cowsaywhat?
Well yeah, this blog is obviously a marketing scam, but I admire the craftsmanship. The Casey character is utterly believable, familiar, and despicable, at the same time. It takes skill to write like that. I’m just sad to see that the blog is obviously coming to an end.
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Congratulations Casey!
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When I shared the USAToday article of Casey to my colleagues during breakfast at a tax professional’s conference last week, Casey was the laughing stock of the table. This was a table full of highly intelligent and highly compensated people that achieved success the right way…. through HARD WORK. I’m sure his illegal activities have caught the eye of government agents that love to make examples of criminals like Casey who believe the rules don’t apply to them.
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Hey there, Casey!
Congrats on successfully meeting RK, in spite of what all of these soul-sucking comment curmudgeons have to say, getting info directly from the horse’s mouth is always a good thing.
Oh, I actually know you too! (So all of you folks out there who think this is still a google ad scam, I say ha!). I’m the girlfriend of Richdad’s son. We met a couple weeks ago during the office move and my move to Berkeley.
But that’s not really important.
I’ve been keeping up with your blog somewhat out of what I will admit to be a morbid curiosity. I felt I should comment.
I’m quite interested to hear more on your meeting with RK. I think the only humble advice I could give you is not to mechanically apply whatever direction you get to your situation. I’ve noticed from these blogs that you’ve treated the real estate market like the vacuum that how-to books and seminars often paint them to be.
I think you’re beginning to learn and improve. So there, a positive comment. From the looks of the rest of this peanut gallery, they are few and far between.
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“Besides, it gave you something else to be enraged about other than Casey, so stop your whinning. ”
lol…yeah I’m sooo enraged….
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Some clarity. Casey did some illegal transacting for sure. Moreover he did it at a time when his overzealousness would have dire consequences for him and others. He’s done nothing that many others began doing several years ago. His timing was dreadfully off.
He certainly should not be excused for the illegal nature of his actions. The industry, however, aided and abetted. It’s a technique that worked well and rewarded many thousands in the lending industry for several years. It’s been said, but I note that these loans didn’t cause any concern in the appreciating market. Now that the market has cooled it’s simply time to take a closer look at the lending practices, and those in the industry who have allowed this to occur.
Casey is a neophyte in the real estate business. There are many just like him. Unfortunately, he and many others will be severely hurt by playing in the wrong league. But Casey really didn’t know what he was doing even more so. And it’s clear that he threw caution to the wind.
He serves an important purpose in that he will give a face to the ill conceived notion that you can just simply become a real estate owner and make a ton of money. It can happen but when it doesn’t the pain can be excruciating. He’s suffering and will for some time to come. He will also be looked upon as a victim of the mortgage industry marketing machine. Many will become victims.
I still admire the drive that ran through him as he tried to follow some principles for accumulating wealth. He should have gone slower, he should have sought council, he should have considered the potential pitfalls harder before moving forward, he should have been forthright, but his spirit for acheiving is something that many of his critics don’t have. You may be wise to be calculating but if you have no balls you’ll go nowhere in the end anyway. You have to be a risk taker in life or what’s the point.
Casey exemplfies that too much unbridalled risk taking will be tragic and critics who sit at home, lash out and laugh may very well be living tragic lives in their own right.
As we watch this story develop what part of ourselves is revealed?
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Casey is in the sort of hole that the combination of:
(1) Persian fluency;
(2) Arabic fluency;
(3) Pashtun fluency;
(4) secret clearance (presuming it’s even possible to get one with his credit record);would not bail him out. The State Department has plenty of Russian experts, so it’ll be hard for him to make a living as a Russian translator.
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No Casey, don’t sell those houses quite yet. What will you do when those houses are gone? What will the next chapter of your life and this weblog be about? Will you write about your continuing education on this subject? Will you discuss any lawsuits or indictments you receive? Will you talk about the ongoing stress of paying the piper? Please don’t let this story end. I need my fix. Self destruction is not an option (I mean that figuratively of course).
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Quoting Jen’s message posted at 3:17 PM:
“No, the point was that it just looks silly, and makes the advice lose it’s emphasis.”
Dear Jen,
Didn’t you mean to say “its” and not “it’s”?
Dear Anon,
We need you and your most eloquent commentary back, well, anon.
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Hey Jen,
Stop your “whinning”? God I hope that was irony.
Oh and btw, the possessive is “its”, not “it’s”. Misspellings really detract from your posts.
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Casey,
I’m pulling for you. If there’s anything I can do to help, let me know.
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Fraud warning- and it’s not about Casey.
Do not do business with “freightquote.com”. They commit fraud as a regular practice, then hide behind their “terms and conditions.” For example, I got a quote of $250 to ship an item, paid that amount, item was shipped and delivered, then 2 weeks later my credit card was charged an additional $300. This is happening to people all over the country. They will tell you that something was wrong on your original quote and charge you an arbitrary additional amount with no recourse, after the shipment is completed.
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Paul
“When I shared the USAToday article of Casey to my colleagues during breakfast at a tax professional’s conference last week, Casey was the laughing stock of the table. This was a table full of highly intelligent and highly compensated people that achieved success the right way…. through HARD WORK. I’m sure his illegal activities have caught the eye of government agents that love to make examples of criminals like Casey who believe the rules don’t apply to them. ”Highly intelligent? Obviously you were not one of them…. if you actually READ this blod you will see casey DOES think the rules apply to him!
Why do you think he started this blog in the first place? He messed up, he relised what he did is wrong and now hes upfront and honest about it.
Did your mother ever teach you to think before speaking? Because it shows not.
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Astrid: got any ideas where a young tabbycat can learn Pashtun? I’d prefer not to go to Afghanistan or Baluchistan to learn it, and I only know of one Pahtun where I live.
I do have some talent for teaching myself languages.
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Casey “SERINDIPITY”, as we will refer to him from this day forward given that he and only he could of had such a majestic encounter with america’s favorite korean pimp Robert K. Once again Serindipity demonstrates the same childlike intuition that leads six-year-old kindergartener’s to pick their nose and eat their boogers while performing a glorious rendition of “Annie” in front of a crowded auditorium of on looking parents. While some of the crowd rushes to shut of their camcorders others stand and cheer BRAVO! I personally can’t help but feel that you are what Gilligan was to his island, what Steve Urkel was to family matters (DID I DO THAT?) and what Webster was to whatever the heak that show was called. You and your slapstick antics are like watching a fat Hispanic child soil his pants at Disneyland, and without regard for common decency pretend it never happened, then continue to stand in the crowded rollar coaster lines with a load in is pants, getting on ride after ride, smashing what was once a nice warm masterpiece into a cold hard mess pan caked to his bottom, and much like that Hispanic child serindipity I would like to know if you have any plans to stop and clean yourself or have you become so accustomed to the feeling that you will just drop another load on top of the previous one, and another, and another, when will it stop? Hopefully never! SERINDIPITY RIGHT NOW THERE ARE STATUES BEING BUILT IN YOUR HONOR. YOU ARE A GOD AMONGST MEER MORTALS. LIVE LONG AND PROSPER. GOOD LUCK!
P.S. Will all you “criticts” stop calling serindipity old boy! Thanks -
“Why do you think he started this blog in the first place? He messed up, he relised what he did is wrong and now hes upfront and honest about it.”
By the logic of Maximus: I can commit armed robbery and if it doesn’t go well, just start a blog and ask for redemption?
It is obvious your mother taught you some messed up values.
You are a t*** , and so is soul patch boy.
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Casey has a Portfolio of 2.2 million … really …
Guess what … on most of the properties he paid waaaaaay over list price with the banks money … and he paid over 3 times what todays market value is on atleast 3 (The ones in the cities I have lived/trolled around in) … So by extension … he paid 2.2 million borrowed from the bank at 8.5% for a portfolio worth ~700,000 and dropping like a rock. Pretty soon (by this time next year more than likely) he will owe more in interest on the 2.2 mil than he can sell the properties for, they are dropping and his interest is mounting. So everyone stop saying that he has a portfolio worth 2.2 million. For those that want to still say that, I’m sure there are people who will sell you enron or worldcom stock worth 2 million in 2000 and as we all know inflation …
Cool.
Cow_tipping. -
Lessee. You committed mortgage fraud and now are caught with your pants down and no change in the pockets. Looks like an easy case to prove up to the judge. Hope you enjoy your time in jail.
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“Casey was the laughing stock of the table.”
Chances are Casy will make it thru this. Maybe a little bruised but he has learned some hard lessons. If Casey lives and learns then he will have the last laugh as 20 years from now he will be far more ahead then all the critics. -
Casey does not think the rules apply to him, at all. He has repeatedly talked of doing more real estate speculation (I wont call it investment) to dig his way out of the hole hes in.
How is he going to get the loans for said come-back? With $2.2M in loans unpaid? I’ll give you a hint: 2 word phrase- it starts with ‘mortgage’ and the end rhymes with ‘broad’.
Please don’t pat him on the back and say hes learned the lesson. Only his parole board will be able to make that decision.
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The continuous use of “Rich Dad” before was a great communications strategy. This site has used consistent marketing techniques to commuicate a specific focused message around the phrase “Rich Dad”.
Now, Casey posing with books and a “Rich Dad” only proves that I should be reading other blogs.
Bye.
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Casey,You are going to prison…
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–Binary Dollar
November 1st, 2006 at 9:38 pm Casey,I’m pulling for you. If there’s anything I can do to help, let me know.–
Why don’t you give Casey some hundred throusand dollars and then give Casey what appears to be long over due a good spanking. I would love to help Casey out by giving him some serious spanking because it seems like Casey’s parents didn’t spank Casey nor raise him well.
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Maximus you genius…
what is a “blod” and what the hell does “hes” and “relised” mean? Anyone ever tell you to think before typing?
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Casey…after reviewing the details and sundry posts of your trip to “Cashflow Technologies,” I’m wondering, is their office down the hall from “Bullshit Delivery Systems, Inc.?”
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Maximus
November 1st, 2006 at 11:32 pm Paul
“When I shared the USAToday article of Casey to my colleagues during breakfast at a tax professional’s conference last week, Casey was the laughing stock of the table. This was a table full of highly intelligent and highly compensated people that achieved success the right way…. through HARD WORK. I’m sure his illegal activities have caught the eye of government agents that love to make examples of criminals like Casey who believe the rules don’t apply to them. ”Highly intelligent? Obviously you were not one of them…. if you actually READ this blod you will see casey DOES think the rules apply to him!
Why do you think he started this blog in the first place? He messed up, he relised what he did is wrong and now hes upfront and honest about it.
Did your mother ever teach you to think before speaking? Because it shows not.
———–This is a subtle use of irony, right? I mean nobody is this much of a dumbass to complain of someone else’s intelligence and write such a train-wreck of a post. I must admit, this is a great joke. If not, then you had better follow your own advice.
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What is the difference between giving the deed back to the lender and being foreclosed on? Or rather, is the fact that one is voluntary, and the other not, the real difference? I’ve seen some posts that these two actions are not much different when it comes to credit reporting, so I was curious as to what the distinction is between them.
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Robert Kiyosaki is not a real estate investor, as John T. Reed and others have pointed out.
Rather, he is the latest in a long line of “power of positive thinking” motivational speakers.
All well and good, but at this point those types of people merely repackage the same ideas written in broad generalizations.
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100% correct comment above - Casey tried to play in the big leagues when he obviously did not have the talent. If you can’t run with the big dogs stay on the porch.
Please tell us Casey, what advice to Rich Dad give you that will assist you in the slightest? I know someone has asked already but I have not seen any answers. ‘Stay the course’ doesn’t count. ‘Screw the critics’ doesn’t count either.
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Jen
You misspelled “Whining” (one “n”). Other than that you really nailed him on his spelling mistake!
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Michael- I didn’t fly Casey out, other people helped with his flight, hotel and food.
Bill- You’re silly. RK was financially free through real estate investing and businesses long before he wrote Rich Dad Poor Dad and that took off. It’s Mr. Reed that is not the real estate investor (do your homework).
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So what happens when people fail? Do you cut bait, run, deny the obvious, or simply own up to the situation?
It would have been very easy to walk away from this problem (like alot of wanna-bee investors do) or you can own up and attempt to take care of the problem.
Its apparent that there where some obvious outright mistakes and those have lead to a huge problem. But the problems can be resolved.
This situation is not unique to Casey. Hundreds if not thousands of others that got caught up in the investing frenzy and are facing simular situations. Investing is risky and if it doesnt go your way, then you have resolve them. If you can make it thru, then you are a stronger person as you hopefully have learned something.
Or you could always cut bait and run.
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Hi Casey, been visiting your blog now for all of a week. Can’t get enough. Picture me racing home from work wondering if you would post today. I’m pretty addicted now.
Thanks.We’re all selfish though because we all wanna know how this is gonna turn out. Thats really the deal. As i said in a previous posts, this is obvious a good and bad deal for you. On the one hand, you are in deep doo doo over this mess, and on the other hand, you stand to win a book deal and/or movie deal. I’m picturing some A-list actor playing you too. Would I pay to see this movie? You betcha!
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Never come back to my state ever again, you thief.
Actually, scratch that. Please commit some more mortgage fraud in Arizona, so you become intimately familiar with Sheriff Joe’s brand of punishment. I’d love to see you picking up garbage on the 202 in chains.
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No entries in a week…I think he’s been busted.
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Dude,
If you’re dumb enough to STILL think RK is for real, Lord help you.
As far as I can tell, the only successful business that he’s EVER been proven to have owned IS the Rich Dad series.
If there’s something more to the guy than this, please show us. …and let’s hear some specifics instead of meaningless generalizations and ambiguous nonsense. What specifically has the guy done and where is the proof?
Seriously Casey, have you considered that maybe you’ve been taking advice on how to become a Real Estate mogul from someone who never was one? Isn’t the possibility worth even a little consideratation?
The only smart one in all of this is Donald Trump for figuring out he can cash-in on this goof balls’ ill-gotten fame.
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I dont see a big problem here, but its a problem.
People do this kind of thing all the time.
I was 19 when I bought my first condo with renters with no money down, then at 21 I bought a 2nd with no money down and walk out with $15,000 at close,
at 22 bought my first fixer up with no money down and $17,000 at close,fixed it and sold it 7 months later, with an extra profit.Was it east? NO, it took so much hard work, but the expiranice that you get from it is worth it.
I had like everyone telling me that there is no F way to work this out, got rejacted by like every bank but one, and some mortage brokers, but WHATever once you set your mind and manage your fear you should be fine. and IM only 23
I sold all mine propeties but one out if 3 that I had and Im facing a Foreclosure but Im not worry about that much beacose
I was in a bigger hole then this, plus im making about $750 from the renters cash flow a month and I can see that the market is warming up slowly in Chicago area, the worst case is that I will deed the property back to the bank, and go on vacation in 5 months, but then people tell
me but…………Kris If that Happens your cradit score will go down and you wont be able buy another property, Whatever,
People that say that kind of stuff are just scared for thier lifes, and dont know any better.There is a way out of this hole, thats your in, and its simpler then you Think.!
So all you Negative people, I fell sorry for you and I hope you have a better day tommorow, I cant even spell,,lol
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[…] Since then, Casey has been in the thick of a few more misadventures, which have prompted me to once more shake my head in wonder. How could so much happen to someone in so little time, and with people of such high visibility? I suppose you can thank the media and the nature of the predicament he’s in. […]
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[…] The staff set up a taping so Robert could interview Casey for the Rich Dad Insiders, as well as give Casey an opportunity to ask questions and give him some feedback on his situation. Robert in no way minimized Casey’s situation, but instead encouraged him to keep going. Where Casey is at is literally the Dead Zone- the place all people who are afraid to take action fear to tread- but the place anyone who has pressed on to success has had to go through in some way or another. In dealing with criticism, RK told Casey not to worry about the “critics”: “To avoid criticism, do nothing, say nothing, be nothing.” Here is Casey infront of the Cashflow Game Wall at the Rich Dad Headquarters. We gave him the tour of the place, and everyone he met was very supportive of him. I know it meant a lot to him, and I am proud to call these people my friends. We headed out to lunch, Casey’s treat (even though he had to wash dishes to pay for it….just kidding Casey!). Casey is getting his bearings, and I think he is starting to see some light and formulating a plan… […]
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See Casey’s appearence on RichDad TV for free on YouTube.
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Where do all these negative people on this blog come from..hehe. Are you serious guys? Where are your tax returns? May you publish them so all of us optimistic idiots can see it too? Because I am dying too se them.
And, going to prison because of excessive debt? Are you kidding me? Have you seen too many mafia movies?
Before knocking down others, please do me and everybody here a favor, post a tax return plus show us your own financial statement. It’s very easy to blame, but hard to expose oneself for others.
Casey, I’m totally on your side. And yes I a have also been deeply in debt and I am younger than you Casey, 3 years to be correct. And all of these debts was occured because of one business going bankrupt when I was 19 years of age.
It’s hard being young in business. That’s the reallity.
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Nice Dude. Keep Rocking!
Get the Best of Robert Kiyosaki at http://robertkiyosakisecrets.com
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Ok Casey. It is sad to see you on this situation. I saw the spreadsheet you prepared with your liabilities, and the problem is kind of big. I will try to keep it honest and respectful, although probably you will label me as what you call a “hater” after all. I want to collaborate with some constructive advice. First, let me tell you about myself, although I would like to keep my anonymity on this forum.
I’m a PhD student at an Ivy League University studying Civil & Environmental Engineering and minoring in Economics. I listened to several of RK’s audiobooks in the last couple of weeks, and let me tell you something. You have no idea how hooked up I got with his stories and basic cash flow discussions. I have to admit that this guy has a unique ability to make his readers sink into his ideas. Seriously, I was thinking about quiting the PhD and just become a self-made millionaire. It’s a better deal after all, right? (happy and rich at the same time) But I’m glad that I don’t trust people that easily, and I always educate myself on any move I’m preparing to make. That includes any internet offer, any book, or even any new idea that somebody wants me to believe. There was something that was not right about these Rich Dad stuff. Don’t take me wrong, the books are very inspirational, but I started to notice that this guy was telling me to do things that contradict the long years of study have thought me. I even called my mother and recommended the main book (Remind me to call her later to unrecommend the book!). Since I was in highschool I know what are assets and liabilities, and apparently that is the only idea that RK tries to emphasize in his books (oh yeah, and the cash flow quadrants…).
I found the John T. Reed website on RK, and his research make much more sense than the many books RK has written (By this point I would guess that this message is probably out of the forum, but please read it and try to think about what I’m saying). Something that probably you are not aware of is that RK has admitted that his books have fiction content to make it interesting, and that there is no proof that he was on bankrupcy in 1985 (nobody with his last name has filed bankrupcy), or that Rich Dad even existed. My guts tell me that he is just a publicity machine, like any pop singer trying to sell his/her album.
OK, NOW MY ADVICES:1. Probably you have done this already, and probably it is why you are defending RK so much, but try to make him and his company compensate you for not damaging his image.
2. Think, analyze, and then make a decision. I know that this might sound out of date, and you have made some decisions that affected you already, but this is an excellent opportunity for you to get even on your debt, or even make some profit out of it. What did Rich Dad say? “Think!!”. (Hint: The publicity is already there. You can counter campaign and get paid very well for that, or just sell yourself as the hyper publicity guy who created awareness on RK’s BS).
3. Get a stable job! You are a programmer!! You get paid well, doesn’t matter all the crazy things that RK says, USA is made of services people like you and me offer to society. Get experience. Learn in a company. Then explore the option of improving a service and offer it.
4. If you want to learn about finance from a book, look who is the author first, not how many books he or she has sold. Look for the real credentials of the person, not a story with no facts in it (what are RK’s companies? How much money does he make? Who is Rich Dad and who is Mike? Nobody knows…).That’s it for today. I hope you don’t take these advices as “hater” stuff. I really feel your pain (not the same magnitude, but I know it’s deep s***). I hope this publicity thing pay you off in the future. You are so good at it, man. Take advantage of it. Take care.
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if this 24 year old could savage what was left of his investment career. During this time we all read a lot of interesting post. It seemed that in the mist of this foreclosure earthquake doors began to open for Casey Serin. Things such as meeting with Robert Kiyosaki, advice from Real Estate Guru’s, Newspaper Articles and Television Appearances. Casey has even had his website sponsored by someone well known in the real estate industry. One would think with all of these opportunities that Casey would be able to
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if this 24 year old could savage what was left of his investment career. During this time we all read a lot of interesting post. It seemed that in the mist of this foreclosure earthquake doors began to open for Casey Serin. Things such as meeting with Robert Kiyosaki, advice from Real Estate Guru’s, Newspaper Articles and Television Appearances. Casey has even had his website sponsored by someone well known in the real estate industry. One would think with all of these opportunities that Casey would be able to
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