Protect Yourself

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

The Rich Dad Company

Business, Investing

4.1 • 4K Ratings

🗓️ 3 November 2015

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

People set themselves up to be losers by not using the tax and legal system to their advantage. The average person sees a news story about businesses filing bankruptcy and assume that means failure. This couldn't be more wrong. This week we talk with Rich Dad Advisor Garrett Sutton about protecting yourself and your assets from legal action. Don't wait until you're rich to protect what you have, take steps NOW!
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Transcript

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0:00.0	This episode is brought to you by Kraken Pro. Meet Kraken Pro, rebuilt from the ground up to give you the advanced crypto trading tools you need, all in one place.
0:09.5	Switch instantly between spot, margin and futures trading, then track your performance on a fully customizable interface.
0:16.0	It's Kraken's most powerful trading platform. Well, ever.
0:20.0	Head to pro.krakken.com and trade like a pro.
0:23.0	Cryptocurrencies are unregulated in the UK.
0:25.0	Prof is may be subject to capsule gains tax and the value of cryptocurrencies can go down or up.
0:55.0	Don't burn yourself. Use corporate direct to set up and maintain your LLCs and corporations.
1:01.0	Corporate direct is owned and operated by attorney and rich dad advisor Garrett Sutton.
1:06.0	Garrett wrote the best sellers loop holes of real estate and start your own corporation.
1:11.0	He is Robert Kiyosaki's attorney for asset protection. He and his team will do it right.
1:16.0	Visit them at corporatedirect.com or call 800-600-1760.
1:22.0	Mention rich dad and receive $100 off your formation fee. That's corporate direct.com. Corporate direct.com.
1:30.0	And I special goes today is rich dad advisor Garrett Sutton. He is our legal counsel.
1:57.0	He is my advisor. I need to know something about the law.
2:02.0	So Garrett, how do you protect people from being losers?
2:06.0	Well, we do have a legal system that goes after losers but allows us to protect ourselves from those who would try and take things from us.
2:14.0	You use LLCs, corporations. You can go bankrupt if your assets are being challenged and people are coming after you.
2:24.0	I'm glad you brought that up because we're in a election time and my friend Donald is running for office and the little peasants out there that go after him.
2:34.0	Well, didn't you declare bankruptcy? And you know, Donald goes, well, yeah, I did.
2:41.0	What's the big deal? And the reason I used Mr. Trump as an example for the little guy, they think that's a horrible thing.
2:51.0	Oh, you're a loser because you went bankrupt and Donald looks out there. You're going to be kidding me. It's a legal maneuver. Is that correct? Garrett?
2:59.0	That's absolutely correct. You can not only go bankrupt as an individual, but you can go bankrupt as a business.
	...

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