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

Political Tactics: Taxation, Stagflation, Devaluation

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

🗓️ 5 August 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

The economy can be divided into two eras: Before Coronavirus (BC) and After Coronavirus (AC) and it all comes down to taxes. And as the United States faces a presidential election in less than 100 days, there’s a great debate as to which candidate’s policies are best for the taxpayers.
If you earn your income on the left side of the quadrant—through ordinary income—the only tax break you have is to buy a bigger house and go into greater debt. But the rich have scores of tax breaks offered to them by the government to encourage investment and business development, which generates more jobs.
The big question is which candidate’s tax plan will benefit the job creators?
Hosts Robert and Kim Kiyosaki are joined by Rich Dad Tax Advisor, Tom Wheelwright, to discuss the political tactics being used to sway constituents this election cycle, and what entrepreneurs can start doing today to pay fewer taxes.
www.wealthability.com
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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.

0:06.6

Do it yourself is good for tile and grout.

0:09.2

It is not good for asset protection.

0:11.8

Charlie thought he'd save a few dollars forming his LLC online.

0:15.8

With no guidance, he did it wrong.

0:18.0

When he sold the property, he lost thousands and thousands of dollars.

0:21.8

He did himself in by trying to do it himself.

0:24.9

Don't burn yourself.

0:26.5

His corporate direct to set up and maintain your LLCs and corporations.

0:31.3

Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.

0:36.4

Garrett wrote the best seller's loopholes of real estate and start your own corporation.

0:41.0

He is Robert Kiyosaki's attorney for asset protection.

0:44.4

He and his team will do it right.

0:46.6

Visit them at corporatedirect.com or call 800-600-1760.

0:52.1

Watch and Rich Dad and receive $100 off your formation fee.

0:56.0

That's corporatedirect.com.

0:58.2

Corporatedirect.com

1:00.2

Because study is better with play.

1:02.8

Samsung Galaxy TAB S7 FE.

1:05.2

Ready to make the most of your school year?

1:07.1

The ultra-large screen gets you closer to the action, whether you're studying, streaming

...

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