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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

How the Rich Pay NO Taxes (Legally!)

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 12 February 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

Most people dread tax season, but what if I told you the rich actually love it? That’s because they know the legal strategies to keep more of their money—while most employees and small business owners get hammered with taxes. In this episode of The Rich Dad Radio Show, Robert Kiyosaki, Kim Kiyosaki and expert guests, Tom Wheelwright (author of Tax-Free Wealth) and Garrett Sutton (corporate attorney), break down how the tax system is designed to reward investors and business owners—if you know what you’re doing.

We dive deep into why your entity structure (LLCs, corporations, or partnerships) can make or break your tax strategy, how big businesses legally pay 20% or less while employees pay up to 40%, and why the government wants you to take advantage of tax incentives.

If you’ve ever wondered why the wealthy seem to pay so little in taxes, or how you can keep more of your hard-earned money, this episode is a must-watch. Stop overpaying and start using the system to your advantage—legally!

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Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose. 

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees. 

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

Transcript

Click on a timestamp to play from that location

0:00.0

This is The Rich Dad Radio Show, the good news and bad news about money.

0:07.0

Here's Robert Kiyosaki.

0:08.9

Hello, hello, Robert Kiyosaki, the Rich Dad Radio Show, the good news and bad news about

0:13.6

taxes.

0:15.7

It's that time I'm here again.

0:18.0

We're getting to taxes.

0:20.6

You know, I get sexually stimulated thing about taxes because I hate paying them.

0:25.3

So if you're sitting there fat, dumb, and happy, and he's just happy with your, I don't

0:29.6

know what you guys, what employees do anymore, but I think they already sucked that out

0:34.3

of your wallet a long time ago.

0:35.9

I mean, our taxes are gone.

0:38.3

So this is a very important show.

0:40.3

It'll be a four-part series.

0:42.3

I don't know which part this will come up on.

0:45.3

But in my opinion, you better pay attention to taxes.

0:48.3

And next year, hopefully, you might do something different.

0:51.3

Any comments, Kim?

0:52.3

Taxes aren't something people they don't want to talk about.

0:54.8

They just ignore it and say, hopefully it'll go away. Well, it's not going away. And I was talking to

0:58.9

somebody just the other day. And he's a business owner. And he said, I said, well, your taxes are

1:04.1

going to go up. He goes, I'm okay paying more taxes for my business. And I'm like, well, you're crazy then. It's really, really important, I think, that we understand what the heck is coming down the

1:13.6

pipeline.

...

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