The Rich Dad Channel, Released on 4/30/20
Most parents want their kids to go to school, get good grades, and find a safe, secure job. In reality, that is some of the worst advice we can give our kids. Why? The answer is found in taxes and debt.
For people who earn their income from the Employee (E) and Self-Employed (S) quadrants, there are virtually no tax breaks. Thus, those on the left side of the CASHFLOW® Quadrant pay the most in taxes, often while making the least.
Robert Kiyosaki’s rich dad taught him when it comes to taxes, the rich make the rules. He also said, “If you want to be rich, you need to play by the rules of the rich.” The rules of money are skewed in favor of the rich, and against the working and middle classes. After all, someone has to pay taxes. Watch to find out how Warren Buffett—a billionaire—pays fewer taxes than his secretary, and how you can do the same!
Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles hold four of the top ten spots on Nielsen Bookscan List’s Life-to-Date Sales from 2001-2008 alone. Robert is an educational Entrepreneur and real estate tycoon, co-creator of the CASHFLOW® board game, founder of the financial education-based Rich Dad Company and author of New York Times Bestsellers: Rich Dad’s Conspiracy of the Rich, and Unfair Advantage: The Power of Financial Education. Robert Kiyosaki is among the first to have warned Americans of an impending collapse in the US real estate market, famously prophesizing, “Your home is not an investment,” years before the Panic of 2008. His latest book is Fake: How Lies are Making the Poor and the Middle-Class Poorer.