Learning How to Reduce Your Taxes, the Legal Way - Tom Wheelwright

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 8 January 2020

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

At the beginning of a new year, everyone starts paying attention to their taxes. However, rather than looking ahead at their tax burden for the coming 12 months, the vast majority of people and business owners are looking at the previous year. Unfortunately, when it comes to saving money on taxes, taking that kind of approach is not going to do any good. Simply put, you can’t reduce your tax bill after the fact.
In this episode, we’re talking with Tom Wheelwright, a professional tax advisor. If you’re anything like me, you hate giving any money to the government. It may sound surprising, but I don’t pay taxes. At first, you may think that I must be cheating or cooking my books, but the fact is that there are legitimate ways to reduce your tax bill to nothing or almost nothing.
Tom and I discuss various ways to find these incentives that the government offers to businesses and entrepreneurs. That is, assuming that you want to pay less or nothing at all. Break the tax cycle and discover how in this episode of the Rich Dad, Poor Dad Podcast.
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Transcript

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0:00.0	Don't Be Like Charlie.
0:03.0	Charlie is that do it yourself or who does himself in.
0:06.5	Do it yourself is good for tile and grout.
0:09.0	It is not good for asset protection.
0:11.5	Charlie thought he'd save a few dollars forming his LLC online.
0:15.5	With no guidance, he did it wrong.
0:17.5	When he sold the property, he lost thousands and thousands of dollars.
0:21.5	He did himself in by trying to do it himself.
0:24.5	Don't burn yourself.
0:26.0	Use corporate direct to set up and maintain your LLCs and corporations.
0:31.0	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
0:36.0	Garrett wrote the best seller's loopholes of real estate and start your own corporation.
0:40.5	He is Robert Kiyosaki's attorney for asset protection.
0:44.0	He and his team will do it right.
0:46.0	Visit them at corporatedirect.com or call 800-600-1760.
0:51.5	mention rich dad and receive $100 off your formation fee.
0:55.5	That's corporate direct.com. Corporate direct.com.
1:01.5	This is the Rich Dad Radio Show, the good news and bad news about money.
1:06.5	Here's Robert Kiyosaki.
1:09.5	Hello, we're Hollywood Hills. This is Robert Kiyosaki.
1:12.5	The rich dad read this show. The good news and bad news about money.
1:15.5	And as you know, we broadcast from gorgeous Scottsdale, Arizona.
	...

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